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HomeMy WebLinkAboutA016 - Documents pertaining to Letter of Credit No. 101 IRREVOCABLE STANDBY LETTER OF CREDIT � blrq ISSUER:VISIONBANK OF IOWA SV l 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:05-13-2017 Letter of Credit Number: 101 Amount: U.S. $ 31,960.00 ( THIRTY ONE THOUSAND NINE HUNDRED SIXTY AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES 130 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the.Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. It A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#101 DATED MAY 13, 2017,FOR THE ACCOUNT OF 130 DOTSON LLC. ❑ Other documents: Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: THIS LETTER OF CREDIT WAS OBTAINED BY 130 DOTSON LLC FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTSTO DOTSON DRIVE SUBDIVISION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPO Bankers SystemsTM VMPC612 (09091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z;o Z abed 60OZ'LOOZ OO saoiAJaS lepueulj jaMnl>l sialloM 00160601 ZL90dWA niswalsAS slalueg l]dWA 60OZ/1 1/6 l gaNV1S-3l 1pajo}o iallal AgpuelS algeoonaJJI (011M,Puu amuN lau$iS) 1N301S3Hd 13NHVW'NOSM3H11VW lum SVWOHI (aluQ) (amluu�iS) Ag (muN ianssl) VM01 d0 HNVONOISIA •algeoildde se `dSI io dgfl aql pm ivaisisuooui ion an smel qons se 5uol os `eoi7auid Io saieiS paiiu[l PTVM01 3o smtl aqi Sq pauiano8 aq osle Iings upaiD ;o nua'I siu '(86dSI) 8661 saoiioeid XgpumS Ieuoilumalul aql ❑ 'ivampuaum 3o uoisiaA lalUl fue]o `(dDN 009 'ON uocieoilgnd aoiauicuoD 3o iaqunr[D Ieuoiieuiaiul `uocsinO'd LOOZ `sllpaiD LieluaumooQ io; aoiioead pue sulolsnD uuo31ufl aql iq pauzano8 a4 Itegs iipaiD;o iaua I sigl -AA V'I g'IgV�I"Iddd •algeza;sueii-uou ® algeiapum ❑ si iipaiD;o iaua-I snU •AZI'IIgd?IgdSNV-dj, •tiecoi;auag of ianssl uio.i; aoilou Niue Inoqum uo andxa llegs lipaiD jo iallarl sup `luana Sue ul •iipaiD to Ialiarl sigi puaixa of lou sloala ianssl iegi aieQ uoiiendxg aql of loud step iseal iu :?uilum ui tieuclauag sai•;iiou zanssl ssolun `aiEQ uoilEjidxg aqi uioi; sSep 3o poitad a io; papumxa aq Ilugs a1eQ uoilendxg aip `a1eQ uoiieiidxg aqi of .loud iipalD 3o iaua'I sup ;o iunom Iln3 aqi umup iou seq Ximocjauag 3I ❑ •aleQ uoilendxg aqi a.io;aq jo uo upaag Io iaua-I sigl;o suoisinoid aqi giinn aouuilduioo souls ui poluasaid sgeiQ Ile xouoq of saai8e ianssl •(aie(j) 8lOZ El 90 uo (aUris,) 'W'd OC:V It, ssaappe s,ianssl le ssauisnq 3o asolo aql it, saiidxa iipaiD 3o jaua'I scq -glVQ AIOLLd2IIdXg RESOLUTION NO. 17-621 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR DOTSON DRIVE SUBDIVISION FOR THE CITY OF AMES, IOWA BE IT RESOLVED, by the City Council of the City of Ames, Iowa: Section One. In accordance with the Certificate of the Public Works Director, the final asphalt surfacing and erosion control improvements required for the Dotson Drive Subdivision are hereby accepted as complete and satisfactory; and, Section Two. The bond given to secure performance of the public improvements is hereby released and shall be returned to the subdivider. ADOPTED THIS 10`h day of October, 2017. C�AA�' .. Ukd Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Betcher Seconded by: Corrieri Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson , Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 10`h day of October, 2017. r 24 CITY or Ames. Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 October 3, 2017 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the final asphalt surfacing and erosion control required as a condition for approval of the final plat of Dotson Drive Subdivision have been completed in an acceptable manner by Ames Trenching and Excavating of Ames, IA and Manatts, Inc of Ames, IA. The above-mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be released in full. Sincerely, John C.Joiner, P.E. Director JJ/tw cc: Finance, Contractor, Planning& Housing, Subdivision file Public Works Department 515.239.5160 main 515 Clark Ave.P.O.Box 811 Engineering 515.239,5404 to Ames,IA 50010 www.CityofAmes.org e Dotson Drive Subdivision October 3, 2017 Page 2 Description Unit Quantity Sanitary Sewer Gravity Main Trench 8" LF 989 Sanitary Sewer Service Stub 4" EA 20 Storm Sewer Trench RCP 15" LF 706 Storm Sewer Trench RCP 18" LF 302 Pipe Apron, RCP 15"with Footing and Trash Guard EA 3 Pipe Apron, RCP 18"with Footing and Trash Guard EA 5 Subdrain Perforated PVC 6" LF 651 Storm Sewer Service Stub EA 20 Water Main Trenched 8" LF 1021 Fittings,8" 22.5 Degree MJ Bend EA 1 Fittings,8" 11.25 Degree MJ Bend EA 4 Water Service Stub 1" EA 20 Valve 8" EA 4 Fire Hydrant Assembly,8" EA 3 Flushing Device Blowoff EA 1 MH Type SW-301 (Sanitary) EA 3 MH Type SW-303 (Sanitary) EA 1 MH Type SW-301 Storm EA 2 MH Type SW-307 Storm EA 1 Intake Type SW-501 EA 1 Intake Type SW-503 EA 3 Intake Type SW-505 EA 4 Intake Type SW-506 EA 2 Stablized Construction Entrance EA 1 Inlet protection Device EA 4 Sub grade Preparation SY 3584 30" Curb&Gutter LF 2140 6" HMA Base SY 2505 2" HMA Surface SY 2505 Sidewalk 6" PCC SY 15 Sidewalk 4" PCC SY 47.3 Detectable Warnings SF 20 Shared Use Path 4" Paved SY 186 Shared Use Path 4"Gravel SY 171 Adjust Manhole EA 4 Native Prairie Seeding AC 0.5 Wetland Seeding AC 0.9 Conservation Seeding AC 1.2 Low Grow Seeding AC 0.8 Traditional Seeding AC 6 Page 1 of 1 LOC _ r f �� t je-k, LC Jennifer Kapaun 00 Diane R Voss 05/03/2017 02:23 PM Hide Details , From: Jennifer Kapaun<jenniferk@hunziker.com> ` To: Diane R Voss <DVoss@city.ames.ia.us> Diane, I have the renewed LOC for#101 Dotson Drive. Let me know when it is convenient to swap. Thanks, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 I Email:jenniferk@unziker.com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa file:///C:/Users/Diane.voss/AppData/Local/Temp/notesFFF692/—web4856.htm 5/3/2017 IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:10.18.2016 Letter of Credit Number: 101 Amount: U.S. $ 31,960.00 ( THIRTY ONE THOUSAND NINE HUNDRED SIXTY AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES 130 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. N A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT N101 DATED OCTOBER 18,2016,FOR THE ACCOUNT OF 130 DOTSON LLC. ❑ Other documents: Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS:THIS LETTER OF CREDIT WAS OBTAINED BY 130 DOTSON LLC FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO DOTSON DRIVE SUBDIVISION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPO Bankers SystemsTM VMPC612 (0909).00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z;o Z abed 60OZ 'LOOZ 05 sao!AiaS!e!oueu!d jamnl>!siallom 00'(60601 ZL90dAA WyswaisAS sialueg @dhA 60OZ/L L/6 Ag0NVIS-31 1!pai0;o iallal AgpuelS algeoonaill (allu Pus—K 1-51s) 1N301S3Hd 13NUVIN'NOSM3H11tlW iunN SNWOHl (amen Ianssl) VM01 J0 NNVSNOISIA •olquolldde su `dSI IO dDfl at[ g11m 1ualsrsuooui 1ou wr smel Mons se fuol os `uoli;)Ul Jo sa1r1S pallu(l Oql VM01 3o StAel aril Sq p lllaAO; aq oslu IIu1Is 1lpoiD ;o iolp-I sltl,l, •(86dSI)8661 SO011oeld SgpuelS luuolpeulalul aril ❑ •luaurpuaure IO uorslaA Ialel 1,ue IO `(dDfl)009 'ON uoiluoilgnd 0310URUOD ;O IaqureuD Iuuorleulalul `uolslnall LOOZ `slrpalD fouluaurnooQ Io1 aOUOUId puu suiolsnD uuo3iujl au1 :Aq POUJOA05 aq Ilegs 11paiD 10 Ialla-I slu.L •Md'I 9-19VDI"Iddd algura;scull-uou ® olquiopuell ❑ sl lrpalD jo Ia1ia-I sluL •�i.LI'IIg` -dggSl`I`d2I.L -faro ogauog of ionssl urol; aOpou Niue lnoTpm uo alydxa Iletls 1lpalj;o Ialla'I sItI1 `luana IMP III •1lpalD to I0110--I slgl pualxa of 1ou sloala Ianssl Imp a1eQ uollulldxg aril o1 Ioud sfup lseal 1u Sullllm m Sjmol;auag salplou Ianssl ssalun aILQ uollulldxg aril ruo13 sArp jo pollad u Io1 papualxa aq lletls a1eQ uollulldxg ar11 `aluQ uollulldxg atil of Ioud ltpoiD 3o Ialla'l slgl 3o lunoum lln3 oql umuip lou surl Clelollauag 3I ❑ a1uQ uollulldxg atll aro3aq so uo 1lpalD 3o Ialla I slqI 3O suolslAoid arll ip oouullduroo 1011ls ui paluasald s13uIQ Ile Iouoq of saalgu Ianssl (aleQ) LIOZ•£L•90 uO Ouml) •W•d 0£:b it, ssaippe s,Ianssl lu ssaulsnq to osolo otll 1u salldxa llpalD 3o Ia11a-I slu.L •glV(l NOI.Ld2IIdXg RESOLUTION NO. 16-599 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR DOTSON DRIVE SUBDIVISION FOR THE CITY OF AMES, IOWA BE IT RESOLVED, by the City Council of the City of Ames, Iowa: Section One. In accordance with the Certificate of the Public Works Department,the public utility installation, curb and gutter construction, and base lift of asphalt paving required as a condition for approval of the Final Plat of the above-named Subdivision have been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to$31,960.00 for the remaining work that includes installation of the final asphalt surfacing and erosion control. ADOPTED THIS 11`h day of October, 2016. . UAJ-�� Aww Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Corrieri Seconded by: Gartin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 11`h day of October, 2016. r Ames" Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 26 October 3,2016 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the public utility installation, curb and gutter construction, and base lift of asphalt paving required as a condition for approval of the final plat of Dotson Drive Subdivision have been completed in an acceptable manner by Ames Trenching and Excavating of Ames, IA and Manatts, Inc of Ames, IA. The above-mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be set at $31,960. The remaining work covered by this financial security includes installation of the final asphalt surfacing and erosion control. Sincerely, John C.Joiner, P.E. Director JJ/jc cc: Finance, Contractor, Construction Supervisor, PW Senior Clerk, Planning& Housing, Subdivision file Public Works Departrnent 515,2.39.5160 rrniir 515 03rk Ave P.O.BOX 81 Engineering 515,239.5404 /ox 4mes,lA 50010 r , Hayden's Crossing, 1"Addition March 22, 2016 Page 2 Description Unit Quantity Sanitary Sewer Gravity Main Trench 8" LF 989 Sanitary Sewer Service Stub 4" EA 20 Storm Sewer Trench RCP 15" LF 706 Storm Sewer Trench RCP 18" LF 302 Pipe Apron, RCP 15"with Footing and Trash Guard EA 3 Pipe Apron, RCP 18"with Footing and Trash Guard EA 5 Subdrain Perforated PVC 6" LF 651 Storm Sewer Service Stub EA 20 Water Main Trenched 8" LF 1021 Fittings, 8" 22.5 Degree MJ Bend EA 1 Fitting_s,8", 11.25 Degree MJ Bend EA 4 Water Service Stub 1" EA 20 Valve 8" _ _ _ _ EA 4 Fire Hydrant Assembly,8" � __ EA 3 Flushing Device Blowoff EA 1 MH Type SW-301 (Sanitary) EA 3 MH,T e SW-303 (Sanitary) _ EA 1 MH,Type SW-301 Storm EA 2 MH,_:�y.pe SW_;307 (Storm) _ EA 1 Intake Type SW-501 EA 1 Intake_Type SW-503 EA 3 Intake Type SW-505 EA 4 Intake Type SW-506 EA 2 Stablized Construction Entrance EA 1 Inlet protection Device EA 4 Sub grade Preparation SY 3584 30" Curb&Gutter LF 2140 6" HMA Base SY 2505 2" HMA Surface SY 2505 Sidewalk 6" PCC SY 15 Sidewalk 4" PCC SY 47.3 Detectable Warnings SF 20 Shared Use Path 4" Paved SY 186 Shared Use Path,4"Gravel SY 171 Adjust Manhole EA 4 Native Prairie Seeding AC 0.5 Wetland Seeding AC 0.9 Conservation Seeding AC 1.2 Low Grow Seeding AC 0.8 Traditional Seeding AC 6 IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:05-13-2019 Letter of Credit Number: 101 Amount: U.S. $ 249,577.00 ( TWO HUNDRED FORTY NINE THOUSAND FIVE HUNDRED SEVENTY SEVEN 19USI VD(MLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES 130 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT N101 DATED MAY 13, 2016,FOR THE ACCOUNT OF 130 DOTSON LLC. ❑ Other documents: Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPa Bankers SystemsTM VMPC612 10909I.00 Wolters Kluwer Financial Services 9)2001,2009 Page 1 of 2 Z}o Z a6ed 60OZ'LOOZ OO saoiAiaS lu!oueu!j iamnlN sialloM 00160601 Z L93dlNA W1sw8lsAS Ualueg @MA 60OZ/L L/6 ABONVIS-01 I!paj:)p Cana-!AgpuelS ajge30A8Jij (911!.L Pue IUMN iau2TS) 1N301S38d EN8tlW'NOSM3H11tlW ION StlWOHl (aumeN sanssl) VM01 JO NNtl8N01SIA •algEollddE sE `dSI 10 d:)fl aql IMM lualSlSuOoui IOU OIL' SMEI Bons SE 5uol oS `EolSauiv Jo SaIEIS pallun aql VM01 3o SMEI aq1 Aq pauian02 aq oslE llop lipa.iD ;o .Iauarl sqL (86dSI) 8661 soolpoEid AgpuEIS lumps niolul aqi •Iuauipupam io uoiS.iaA 101El AuE io `(dDIN 009 'ON uoilmilgnd ao.iau MOD ;o .IaquiEgD IEuollEuialul `uolSlnag LOOZ `Slipa.iD A.IuluauinoOCI ao3 aolloEsd puE suioisnD uuo3lun aqI gj :Ag paulano2 aq llEgs IlpaiD jo iaua I sILIL -AkV"I g-1 VDI IddV ,algE1a3SUE11-uou ® alquiOpueil ❑ sl IlpojDjo jolp-I snU 'A.LI'IIgd2I3dSNF-L AlEloijauoq of .ianssl uioi3 aollou AuE InogllM uo aiidxa Ip is IlpoiD 3o .Calla-I Slgl `Juana AUE ul •Jlpa.D Jo iaJJa I Slid pumO of IOU sioala aanssl JEgJ aJEQ uollEndxg Oup of .ioud SAEp Iseal JE 2UIUlM ul AiEloljauag solpou .ianssl ssalun `mG uomliftg aql uioii3 sAEp 3o pouad E io3 popumo aq IIEgs a1EQ uolJE.ildxg oql `aJEQ uolle.ndxg aq1 of .solid JlpOjD jo .taJJa-I slgJ 3o Junouu lln3 oqj uME.Ip IOU suq Almoipuag .tl ❑ •aIEQ uolJesldxg aqI aio3aq.io uo IlpQjD jo ialla-1 slgJ 3o Suolslno.id aqI qpM oomilduioo louts ui paluasa.id sJ3EiQ IIE .iouoq of saaAE .ianssl •(a1E(j) LLOZ-CI-90 uo (OUITI) 'W'd 0£:b IE SSa.ippE S,lansSI Ile ssoulsnq jo asolo oqI JE soindxa Jlpa.i:)jo Calla I slut 'gLdQ NOILV2IIdX3 1 I IRREVOCABLE STANDBY LETTER OF CREDIM ,i (_C G ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST gq l AMES,IA 50010-8058 Date of Issue:04-22.2016 Letter of Credit Number: 99 Amount: U.S. $ 224,527.00 ( TWO HUNDRED TWENTY FOUR THOUSAND FIVE HUNDRED TWENTY SEVE01 R011101MARS) For Benefit Of: For Account Of: Benefleiary Name and Address Applicant Name and Address CITY OF AMES 130 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#99 DATED APRIL 22, 2016,FOR THE ACCOUNT OF 130 DOTSON LLC. ❑ Other documents: Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 V MPO Bankers SystemsTM VMPC612 (0909).00 Wolters Kluwer Financial Services ©2001,2009 Page 1 of 2 Z;o Z a6ed 60OZ'LOOZ QQ saolAJaS lepuew j jamnl>l siailoM 00'(6060) Z MdINA WiswaisAS svalueg y dWA 60OZ/L L/6 ABCINVIS-01 i!pai0;o iaiial AgpueiS alge3 Aaiil (Qllll Pus a)MRN aauSts) 1N301S38d 13N8VN'NOSM3H11VW laf1N SVWOHl a1sQ) ieuBiS) Ag (auisN ionssj) VM01 j01INV8N01S111 •olquoTlddu su `dSI aQ dJfl aq1 g1Tm JualsTSuoaui lou oiz smul Bons su 5uol os `uoTaauid 3o saJuJS Pillurl aTll VM01 3o SMPI aq1 Iiq P0u.i3no8 aq ospa 11m4s 11PalD Io aa11a7 sigL '(86dSI) 8661 SaaTTIOTud XgpuLIS ImoTluuaalul oql ❑ •luauipumm ao uoisa2A aalel XUU ao `(dDfl) 009 *ON uoileoilgnd aoaaunuoD ;o aaqungD IPuoTleuaalul `uoTstnag LOOZ `slipaiD xiuluauinooQ ao3 aotlouad pue suiolsnD uuolTufl ag1 :Kq pauaano8 aq Ilugs 11paaD 3o 1a11a-1 STTU •A tV-1 g"IHVDI"Iddd •algeaa3suual-uou ® olquiopue.il ❑ sT llpa.iD jo aallarj siU 'AII'II9d2IgdSNVdL -KimoTlauag of aanssl uio.i3 ooTlou Xuu lnoglTm uo aaidxa Ilugs 1TpaaO 3o 10110r1 sigl `Juana XUP uI •JTpaaD 3o aaJjXj snp pualxo o1 1ou slaalo aanssl imp aJu(l uoppmdxg oq1 of aoud s�up 1seal 1u 2uplim uT Driolpmag solpiou aanssl ssalun `a1eQ uoTlendxg aql ulo.g s�up ;o pouad e ao; papualxo aq 11egs 31eQ uoTlPaTdxg agl `aluCl uojluaTdxg aql of aoud lipaaD 3o aallarl sTgl 3o lunoun 11n3 agl umP.ip 1ou sPg buTOT3auag 3I ❑ •31PQ uoTluaidxg aql aaojaq ao uo 1TpaaD 3o aa11a-1 siT JO suo►slAoad aq1 g1Tm aouPTlduioo 1oills UT paluasaad s13eaQ IT aouog of saaa3u aanssl (a1eQ) LIOZ-ZZ•170 TTO (lull,.) •W•d OC:t, JU ssaapPP s,aanssl is ssauisnq 3o asolo ag1 1e saaldxa 1Tp3aD;o iaua-I sigl •gLHQ NOL V-dldXg Page 1 of 5 Re: Fwd: Dotson Drive Development Eric Cowles to: Justin Dodge 05/11/2016 10:23 AM Cc: Karen Marren, Diane R Voss Hide Details From: Eric Cowles/COA To: "Justin Dodge" <justin@hunziker.com> Cc: Karen Marren/COA@COA, Diane R Voss/COA@COA Security: To ensure privacy, images from remote sites were prevented from downloading. Show Images Justin, I keep forgetting about sidewalks. I have attached a screen capture based on our conversation this morning. It look =49,577. up the amount on the pubic improvement bond by $25,050 for a total final amount We will need to update the agreement for public improvements and the resolution for bond to reflect the sidewalks and shared use path as well. Sorry for the late notice. Thanks! - Ames", Eric D. Cowles, P.E. Civil Engineer H 515.239.5277 main I 515.239.5404 fax ecowles@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010 www.CityofAmes.org I - Caring People - Quality Programs - Exceptional Service ^' -----Eric Cowles/COA wrote: ----- To: "Justin Dodge" <justin@hunziker.com> From: Eric Cowles/COA Date: 04/21/2016 02:35PM Subject: Re: Fwd: Dotson Drive Development I think that works for me. Go ahead and have Jen get the LOC together. file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/-web3660.htm 5/11/2016 Page 2 of 5 Thanks! e !&� T 6; Eric D. Cowles, P.E. Civil Engineer H 515.239.5277 main 1515.239.5404 fax ecowles@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010 www.CityofAmes.org I — Caring People — Quality Programs — Exceptional Service " -----Justin Dodge <justinC�hunziker.com> wrote: ----- To: Eric Cowles <ecowles@city.ames.ia.us> From: Justin Dodge <justinCalhunziker.com> Date: 04/18/2016 08:12AM Subject: Re: Fwd: Dotson Drive Development Eric - I attached a quick spreadsheet - I didn't breakdown your number, but we can when you get back if that is helpful for the final plat. Let me know if you agree with these numbers and I will have Jen get the letter of credit put together. Thanks! On Sat, Apr 16, 2016 at 9:35 AM, Eric Cowles <ecowles@city.ames.ia.us> wrote: Justin, I'm coming up with $182,312 for construction. I compared the last pricing we had on asphalt and we were at $85 per ton, converting to your SY price we would be at about $30/SY. Knowing you guys get a better deal than Manatts it seems reasonable.I still don't know how you guys to better on pavement pricing... same work, same inspector, same proccess, same intense discussions in the field, different prices. Doesn't make sense to me, but it's good for you guys. You will also want to add $500/acre for COSESCO and some kind of number from Electric for street lights in the circle. There will also be the separate bond for the value of storm water facility construction, then the storm water maintenance bond after things are verified and accepted in the field. file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3660.htm 5/11/2016 Page 3 of 5 Thanks! w, P M S Eric D. Cowles, P.E. Civil Engineer II 515.239.5277 main 1515.239.5404 fax ecowles@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010 www.CityofAmes.org I — Caring People — Quality Programs — Exceptional Service " -----Justin Dodge <justin(cbhunziker.com> wrote: ----- o: Eric Cowles <ecowles(dcity.ames.ia.us> From: Justin Dodge <justinCd)hunziker.com> Date: 04/15/2016 03:19PM Subject: Fwd: Dotson Drive Development Eric - I just got this from Scott - can you let me know how much you want for a letter of credit for the public improvements? Pricing/quantities are attached for the engineer's estimates - please do not share those with others. Thanks! ---------- Forwarded message ---------- From: Scott A. Williams <saw@foxeng.com> Date: Fri, Apr 15, 2016 at 3:14 PM Subject: Dotson Drive Development o: Justin Dodge <Justin@hunziker.com> Justin, Public Improvement Plans (Preliminary) being submitted to Public Works today are attached. Also attached are quantities and cost estimate, and the retaining wall profiles (that we did not include in the P.I.P.$). Let me know if questions. Scott Scott Williams, P.E. FOX Engineering Associates, Inc. 414 South 17th Street I Suite 107 1 Ames, IA 50010 Office 1 515.233.0000 1 Fax 1 515.233.0103 www.foxeng.com file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3660.htm 5/11/2016 Page 4 of 5 Justin R. Dodge Development Coordinator Hunziker Companies 105 S. 16th Street I Ames, IA 50010 515.520.2478 mobile 515.239.8676 office I justin@hunziker.com F] F] This e-mail, including attachments, is the property of Hunziker & Associates, Realtors, and is covered by the Electronic Communications Privacy Act, 18 U.S.0 2510- 2521, is confidential, and may be legally privileged. If you are not the intended recipient, you are hereby notified that any retention, dissemination, distribution, or copying of this communication is strictly prohibited. Please reply to the sender that you have received the message in error, and then please delete. Thank you. [attachment "2016 04 15 11x17 PLAN SET.pdf" removed by Eric Cowles/COA] [attachment "Dotson Drive Development - Wall Profiles llxl7.pdf" removed by Eric Cowles/COA] [attachment "Dotson Drive Development Estimate of Quantities and Costs.pdf' removed by Eric Cowles/COA] [attachment "Public Works 04 15 16.trl.pdf" removed by Eric Cowles/COA] ustin R. Dodge Development Coordinator Hunziker Companies 05 S. 16th Street I Ames, IA 50010 15.520.2478 mobile 15.239.8676 office I justin@hunziker.com -1 F-1 file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3660.htm 5/11/2016 Page 5 of 5 This e-mail, including attachments, is the property of Hunziker & Associates, Realtors, and is covered by the Electronic Communications Privacy Act, 18 U. S . 0 2510-2521, is confidential, and may be legally privileged. If you are not the intended recipient, you are hereby notified that any retention, dissemination, distribution, or copying of this communication is strictly prohibited. Please reply to the sender that you have received the message in error, and then please delete. Thank you. 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