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HomeMy WebLinkAboutA017 - Documents pertaining to Letter of Credit No. 100 (5B) - Storm Water r GO IRREVOCABLE STANDBY LETTER OF CREDIT r ISSUER:VISIONBANK OF IOWA104 CHESTNUT ST AMES,IA 50010-8058 J ,/ Date of Issue:04.22.2016 Letter of Credit Number: 100 Amount: U.S. $ 4,000.00 ( FOUR THOUSAND AND NO1100 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 b if LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the N441 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. N 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#100 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 VMP'B Bankers SystemsTM LC-STANDBY 9/11/2009 VMPC612 109091.00 Wolters Kluwer Financial Services ©2001,2009 Page 1 of 2 Z;o Z abed 60OZ'LOOZ OO s33!AJ9S le!oueu!j iamnpl svalloM 00'(60601 ZL90dW� W1swalsAS sia�lueg OdLNA 60OZ/L L/6 AHONVIS-01 11paj0;o ia11al Agpuel$algeoonaul (aptZ puu amuN IaU21s) 1N301S38d AMIN'NOSM3H11VIN anx SVWOHl �I J �g (amaN ianssI) VM0110 NNVBNOISIII •alqua?ldde su `dSI IO d:)Il aq1 ipm luals?sa0aui lou a3u smul Bans se Buol os `uauaurV 3o saluiS Pal?un amVM01 ;o smul aq1 Xq POU.M08 aq OSIe IIugS JIPWD 3o I3uQ9 SULL •(86dSI) 8661 Saa?laead Xgpu-mS ieuo?ieulaluj aqi ❑ '1UaUIPME"30 UOTSIaA Iaiel XUe IO `(dDIl)009 'ON Uoilea►lgnd aalaUaUOD 3o IaquregD Ieuo?leTUZ)IUl `UOTSIAag LOOZ `sl?pa33 beluamnoOU I0; 9311aeld pue surolsnD uuo3?u jl aqi :Xq paulano8 aq Ilegs i?palj;o IallaZ s?ql, -Md"I g'I$VDI"Iddd 'atqu.ia;suuli-uou ® aiqula3suu31 ❑ s? IWID;O Ialla-1 s?g.L '1CLI IISd2IgdSI�Id2IL -iilutagauag of Ianssj uro33 as?lou iuu lnogi?m uo alydxa Ilugs i?Pa3D 3o Ia110'1 S?ji1 `luana Suu ul l?pa3�3o Iaila�l s?q1 pualxa of lou siaala janssl legs aleQ uotlelldxg aqi of .loud sX-ep lsual 1e 8utlum m famogauag soUllou janssl ssalun `aw(j uo?lulldxg agi uro33 step 3o pound u Io3 papuaixa aq Bugs iiuQ uope3?dxg ag1 nitCl uo?le3?dxg agi of loud ppaiD 3o Ia11a"I slip 3o iunoum Iln3 agi umelp 1ou seq bUlOgauag 3I Ela1eQ uo?1e3?dxg agi alojaq Io uo i?pa3D 3o Iaua'I Slgi 30 Suo?S?Aoid agi qpm aauu?ldwoa 1ai31s u? paivasaid si3elQ Ilu Iouoq O1 sanlSe lanssl •(a1e(J) OZOZ-ZZ'b0 uo (;)Unl) TU 0£:b 1e ssalppe s,Ianssj lu ssau?snq jo asola aq1 1u salldxa 11pa3D;o I11P I STU 'gZdQ N0IjV-dldXg Ames, Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 April 23, 2020 Diane Voss, Ames City Clerk City of Ames Ames, Iowa 50010 RE: Dotson Drive Development Subdivision Stormwater Maintenance (Chapter 513) Financial Security Final Release Diane: I hereby acknowledge that the financial security for the 4-year maintenance of stormwater best management practices (BMP's), as required by Chapter 513 of the Ames Municipal Code, for the development at Dotson Drive Development Subdivision has been completed for a period of four (4) years. As a result of this certification, it is recommended that the financial security on file with the City for the maintenance of the storm water BMP's for this development be released in full. Respectfully, Tracy Warner, P.E. Municipal Engineer TW/nw cc: Designer/Engineer, Developer/Owner, COA Project Planner Public Works Department 515,239.5160 —in 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 fW Ames,IA 50010 www.CityofAmes.org