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Home My WebLink AboutA022 - Irrevocable Letter of Credit No. 0427 Documents Sr FIRST ,, NATIONAL BANK AMES • ANKENYI$MN e: December 14, 2016 VALLEY JUNCTION • WEST DES MOINES Irrevocable Letter of Credit No. 0427 RE: South Fork Subdivision 91h Addition City of Ames 515 Clark Ames, IA 50010 RE: Pinnacle Properties of Ames, L.C. 4114 Cochrane Parkway Ames,Iowa 50014 Ladies/Gentlemen, We hereby establish our Irrevocable Letter of Credit No.0427 in favor of: City of Ames 515 Clark Ames, IA 50010 For the Account of: Pinnacle Properties of Ames,L.C. 4114 Cochrane Parkway Ames, Iowa 50014 In the amount of$40,219.00 U.S. Dollars. Irrevocable Letter of Credit No. 0427 will expire on December 10, 2017. Drafts for payment must be accompanied by the following: 1. Copies of all invoices, which have remained unpaid for 60 days from invoice date. 2. Beneficiary's signed statement indicating that the invoices are unpaid. 3. Copy of this irrevocable Letter of Credit No. 0427. Partial Payments are permitted. We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored. This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credit (1993) Revision, International Chamber of Commerce Publication#400. Sincerely, First National Bank of Ames APPRO EDVAS0FORM BY � J D K. PARKS By — CITY ATTORNEY oel A. Thil �, ice President AMES OFFICE ANKENY OFFICE JOHNSTON OFFICE VALLEY JUNCTION OFFICE WEST DES MOINES OFFICE 405 5th Street 1205 N.Ankeny Blvd. 8460 Birchwood Court,Suite 1100 301 5th Street 5625 Mills Civic Parkway,Suite 100 Ames,IA 50010 Ankeny,IA 50023 Johnston,IA 50131 West Des Moines,IA 50265 West Des Moines,IA 50266 515-232-5561 515-965-3969 515-440-7180 515-274-3483 515-225-2641 Fax 515-232-5778 Fax 515-965-0125 Fax 515-331-2996 Fax 515-274-0173 Fax 515-225-8718 www. FNBames . com www . FNBdm . com Member FDIC LEE CITY OF AMES, IOWA PINNACLE PROPERTY AMES, LLC. -SOUTH FORK 9TH ADDITION H:\PINNP\A13112174\3 D esign\A_Ca I cu I ations\[O PC-SF 9TH-LETTER OF CREDIT,xls]OPC 9-Dec-16 OPINION OF PROBABLE COST - PARTIAL ITEM NO ITEM UNIT TOTAL UNIT PRICE TOTAL REMAINING ITEMS V3 1 STREET TREES EA 16 $ 350.00 $ 5,600.00 2 HMA PAVEMENT,SUFRACE COURSE ONLY SY 1032 $ 10.75 $ 11,094.00 MANHOLENALVE ADJUSTMENTS EA 3 $ 1,000.00 $ 3,000.00 4 SIDEWALK,4"PCC SY 500 $ 34.50 $ 17,250.00 5 STREET LIGHTING LS 1 $ 2,500.00 $ 2,500.00 6 COSESCO SECURITY AC 1.55 $ 500.00 $ 775.00 SUBTOTAL: $40,219.00 CITY OF AMES, IOWA PINNACLE PROPERTY AMES, LLC.-SOUTH FORK 9TH ADDITION H:\PINNP\A13112174\3_D esign\A_CaIcuIations\[OPC-SF 9TH-LETTER OF CREDIT.xIs]OPC 6-Dec-16 OPINION OF PROBABLE COST- PARTIAL ITEM NO ITEM UNIT TOTAL UNIT PRICE TOTAL REMAINING ITEMS 1 STREET TREES EA 16 $ 350.00 $ 5,600.00 2 HMA PAVEMENT,SUFRACE COURSE ONLY SY 1032 $ 10.75 $ 11,094.00 SUBTOTAL: $16,694.00 r �q � � �fGo Page 1 of 1 Re: Keith Arneson Ad to: Eric Cowles 12/09/2016 11:42 AM Cc: Colin Schroeder, "Joel.Thilges", Diane R Voss Hide Details From: Keith Arneson<keithdarneson@gmai I.corn> To: Eric Cowles<ecowles@city.ames.ia.us> Cc: Colin Schroeder<colinsc@bolton-menk.com>, "Joel.Thilges" <Joel.Thilges@fnbames.com>, Diane R Voss<DVoss@city.ames.ia.us> Thanks Eric. I will get Colin to add these asap and get them to Joel Thilges at FNB. PLEASE hold me a spot for approval on December 20th. I really need this. On Fri, Dec 9,2016 at 11:40 AM,Eric Cowles <ecowlesncitr.am es.ia.us>wrote: Keith, I just got the information yesterday afternoon on the lighting. According to Mark Imhoff, no additional financial security is required for Crane as this is covered under the tSou:th vious. T, For�9th �$2,500 for street lighting. I agree with the numbers that Colin provided for financial security otherwise on both of these. Thanks! Eric D. Cowles, PE Civil Engineer II City of Ames Public Works Department 515 Clark Avenue Ames, Iowa 50010 Phone 515-239-5277 Fax 515-239-5404 Sent from my iPad >On Dec 9, 2016, at 11:35 AM, Keith Arneson <keithdarneson(a) mail.com> wrote: > > Hi Eric, >Did you come up with an electrical reserve for the LOC. 1 want to be sure I am not missing the cutoff for Dec 20th! >Keith > Sent from my iPhone t file:///C:/Users/Diane.voss/AppData/Local/Temp/notesFFF692/—web3283.htm 12/9/2016 CITY OF Ames Smart Choice December 14, 2016 TO WHOM IT MAY CONCERN: I, Diane R. Voss, hereby certify that I have this date received from Pinnacle Properties of Ames, L.C. , a Letter of Credit numbered 0427 in the amount of $40,219. Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the development of public improvements in South Fork Subdivision, 9`' Addition, City of Ames, Iowa, to wit: Street trees; HMA pavement, surface course only; manhole adjustments; sidewalk, 4" PCC; street lighting; and COSESCO security. Diane R. Voss, City Clerk C F.y*` 1 17 cirY OF A m e s" Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 November 7, 2017 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the asphalt surface paving, final utility fixture adjustments, seeding/erosion control, part of required sidewalk, and street lighting construction required as a condition for approval of the final plat of South Fork,91h Addition have been completed in an acceptable manner by McAninch Corporation of Des Moines, 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 reduced to $12,500. The remaining work covered by this financial security includes street trees and installation of the public sidewalks/pedestrian ramps. Sincerely, John C. Joiner, P.E. Director JJ/tw cc: Finance, Contractor, Planning& Housing, PW Subdivision file Public Works Department 515.239.5160 rruin 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 f— Ames,IA 50010 mvw.0 tyofAme.s.org t South Fork, 9th Addition November 7, 2017 Page 2 Description Unit Quantity STREET TREES EA 16 HMA PAVEMENT,SUFRACE COURSE ONLY SY 1,032 MANHOLE/VALVE ADJUSTMENTS EA 3 SIDEWALK.4" PCC SY 500 STREET LIGHTING LF 1 COSESCO SECURITY AC 1.55 RESOLUTION NO. 17-659 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SOUTH FORK SUBDIVISION, 9TH ADDITION 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 asphalt surface paving, final utility fixture adjustments, seeding/erosion control,part of required sidewalk, and street lighting construction 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 $12,500 for the remaining work that includes street trees and installation of the public sidewalks/pedestrian ramps. ADOPTED THIS 14`h day of November, 2017. 440W VY/. 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 141h day of November, 2017. South Fork, 9th ter_ Diane R Voss to: joel.thilges 11/15/2017 03:29 PM maj Bcc: Diane R Voss Hi Joel: At its November 14, 2017, meeting, the City Council adopted Resolution No. 17-659 accepting partial completion of public improvements for South Fork, 9th Addition and reducing the security to $12,500 for the remaining improvements. Please provide me with a new Letter of Credit (LOC) in the amount of$12,500 at your convenience. At that time, I will return the current LOC to you. Thank you! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 KEN 17-659.pdf sr FIRST NATIONAL BANK AMES • ANKENY • JOHNSTON VALLEY JUNCTION • WEST DES MOINES Issue Date:November 20,2017 Irrevocable Letter of Credit No. 0427 RE: South Fork Subdivision 9"'Addition RE: Pinnacle Properties Ames, L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 Ladies/Gentlemen, We hereby establish our Irrevocable Letter of Credit No.0427 in favor of. City of Ames 515 Clark Ames, IA 50010 For the Account of: Pinnacle Properties Ames,L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 In the amount of $12,500.00 U.S. Dollars. Irrevocable Letter of Credit No. 0427 will expire on December 10,2018. Drafts for payment must be accompanied by the following: 1. Statement indicating which item(s) were not completed under the original estimate of cost submitted to establish this letter of credit. 2. Copies of all invoices, from a third party provider that the City of Ames hired to completed the specific item(s)or if the City completed the item(s), an itemization of the cost. 3. Beneficiary's signed statement indicating that they are requesting the lesser of the cost of to complete the specific item(s) or the stated dollar amount of the original estimate of cost submitted to establish this letter of credit. 4. Copy of this Irrevocable Letter of Credit No. 0427. Partial Payments are permitted. We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored. This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credit (1993) Revision, International Chamber of Commerce Publication#400. Sincerely, First National Bank of Ames By: oel A.�Thilges, r Vice President AMES OFFICE ANKENY OFFICE JOHNSTON OFFICE VALLEY JUNCTION OFFICE WEST DES MOINES OFFICE 405 5th Street 1205 N.Ankeny Blvd. 8460 Birchwood Court,Suite 1100 301 5th Street 5625 Mills Civic Parkway,Suite 100 Ames,IA 50010 Ankeny,IA 50023 Johnston,IA 50131 West Des Moines,IA 50265 West Des Moines,IA 50266 515-232-5561 515-965-3969 515-440-7180 515-274-3483 515-225-2641 Fax 515-232-5778 Fax 515-965-0125 Fax 515-331-2996 Fax 515-274-0173 Fax 515-225-8718 www. FNBames . com www. FNBdm . com Member FDIC uNOER Page 1 of 4 FW: South Fork, 9th Joel A. Thilges to: John C Joiner 11/28/2017 01:36 PM Cc: "dvoss@city.ames.ia.us", "Keith Arneson(keithdarneson@gmail.com)" Hide Details From: "Joel A. Thilges" <Joel.Thilges@FNB247.com> To: John C Joiner<JJoiner@city.ames.ia.us> Cc: "dvoss@city.ames.ia.us" <dvoss@city.ames.ia.us>, "Keith Arneson (keithdarneson@gmail.com)" <keithdarneson@gmail.com> 1 Attachment Lan LOC- South Fork,9th.pdf John, It appears from the attached letter that you are still requiring a LOC in the amount of$12,500.00 for South Fork 9th Addition. On the second page you list 6 items but there is no corresponding dollar amounts. Could you please provide the corresponding dollar amount that account for this $12,500.00 figure as it relates to these 6 items. Thank You for your prompt attention to this matter. Joel A. Thilges, Senior Vice President, Commercial Lending First National Bank 405 5th Street, Ames, la 50010 Office—515.663.3025 Cell —515.291.0729 Joel.Thilges@FNB247.com N M LS I D# 609252 What Banking Should Be. ST FIRST NATIONAL BANK From: Diane R Voss [mailto:DVoss(a)citv.ames.ia.us] Sent: Tuesday, November 28, 2017 12:05 PM file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web831 Lhtm 11/28/2017 Page 1 of 6 z Re: FW: South Fork, 9th Tracy Warner to: John C Joiner 11/28/2017 02:24 PM Cc: "Joel A. Thilges", Diane R Voss, "Keith Arneson" Hide Details From: Tracy Warner/COA To: John C Joiner/COA@COA Cc: "Joel A. Thilges" <Joel.Thilges@FNB247.com>, Diane R Voss/COA@COA, "Keith Arneson" <keithdarneson@gmail.com> John, There is $6,900 left of 4" PCC sidewalk to be placed and $5,600 of street trees to be placed, for a total of $12,500. Tracy L. Warner,Municipal Engineer City of Ames Public Works Department Engineering Division 515 Clark Avenue Ames, IA 50010 Desk: (515) 239-5163 Email:twarner(@city.ames.ia.us -----John C Joiner/COA wrote: ----- To: "Joel A. Thilges" <Joel.Thilges(aDFNB247.com>, Tracy Warner/COA@COA From: John C Joiner/COA Date: 11/28/2017 01:50PM Cc: Diane R Voss/COA@COA, "Keith Arneson" <keithdarnesonCaagmail.com> Subject: Re: FW: South Fork, 9th Hi Tracy! Could you please tell us how the $12,500 remaining breaks out between the ramps and the trees? Thanks! John C. Joiner, P.E. Director of Public Works 515.239.5165 desk i 515.239.5404 t.v Nooiner@city.ames.ia.us I City Hall, 515 Clark Avenue Ames, IA 50010 www.CityofAmes.org I - Caring People '" Quality Programs'" Exceptional Service file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3250.htm 11/28/2017 Page 2 of 6 -----"Joel A. Thilges" <Joel.Thilges(d)FN13247.com> wrote: ----- To: John C Joiner <JJoiner@city.ames.ia.us> From: "Joel A. Thilges" <Joel.Thilges@FN13247.com> Date: 11/28/2017 01:36PM Cc: "dvoss@city.ames.ia.us" <dvoss@city.ames.ia.us>, "Keith Arneson (keithdarneson@gmail.com)" <keithdarneson@gmail.com> Subject: FW: South Fork, 9th John, It appears from the attached letter that you are still requiring a LOC in the amount of$12,500.00 for South Fork 9th Addition. On the second page you list 6 items but there is no corresponding dollar amounts. Could you please provide the corresponding dollar amount that account for this $12,500.00 figure as it relates to these 6 items. Thank You for your prompt attention to this matter. Joel A.Thilges,Senior Vice President,Commercial Lending First National Bank 405 5th Street,Ames, la 50010 Office—515.663.3025 Cell—515.291.0729 Joel.Thilges@FNB247.com N M LS I D#609252 What Banking Should Be. "I FIRST NATIONAL BANK file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/-web3250.htm 11/28/2017 Page 3 of 6 From: Diane R Voss [mai Ito:DVoss@)city.ames.ia.us] Sent: Tuesday, November 28, 2017 12:05 PM To: Joel A. Thilges Subject: RE: South Fork, 9th WARNING: This email originated outside of Ames National Corporation. DO NOT CLICK links or attachments unless you know the content is safe. Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: "Joel A.Thilges"<Joel.Thilges(a)FNB247.com> To: Diane R Voss<DVoss(d--)city.ames.ia.us> Cc: "Keith Arneson(keithdarnesonpgmail.com)"<keithdarnesonpgmail.com> Date: 11/27/2017 09:22 AM Subject: RE:South Fork,9th Diane, Can we get an itemization of the remaining items that this Letter of Credit represent. Thank You, file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3250.htm 11/28/2017 Page 4 of 6 Joel A.Thilges,Senior Vice President,Commercial Lending First National Bank 405 5th Street,Ames, la 50010 Office—515.663.3025 Cell—515.291.0729 Joei.Thilges@FNB247.com NMLS ID#609252 What Banking Should Be. ST FIRST NATIONAL 13 A N K From: Diane R Voss [mailto:DVossC&city.ames.ia.us] Sent: Thursday, November 16, 2017 10:00 AM To: Joel A. Thilges Subject: RE: South Fork, 9th WARNING:This email originated outside of Ames National Corporation. DO NOT CLICK links or attachments unless you know the content is safe. Yes, it is! Thanks. Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: "Joel A.Thilges"<Joe1.Thi1gesPFNB247.com> To: Diane R Voss<DVossCcDcity.amesJa.us> Cc: "Keith Arneson(keithdarnesonpgmail.com)"<keithdarneson(a)gmail.com> Date: 11/15/2017 04:32 PM Subject: RE:South Fork,9th file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3250.htm 11/28/2017 Page 5 of 6 Diane, Since there are so many South Fork LOC can you confirm that this reduction is for LOC#0427? Joel A.Thilges,Senior Vice President,Commercial Lending First National Bank 405 5th Street,Ames, la 50010 Office—515.663.3025 Cell—515.291.0729 Joel.Thilges@FNB247.com NMLS ID#609252 What Banking Should Be. i NATIONAL " FIRST B`AANK From: Diane R Voss [mailto:DVoss@cit:y.ames.ia.us] Sent: Wednesday, November 15, 2017 3:29 PM To: Joel A. Thilges Subject: South Fork, 9th WARNING:This email originated outside of Ames National Corporation. DO NOT CLICK links or attachments unless you know the content is safe. Hi Joel: At its November 14, 2017, meeting, the City Council adopted Resolution No. 17-659 accepting partial completion of public improvements for South Fork, 9th Addition and reducing the security to $12,500 for the remaining improvements. Please provide me with a new Letter of Credit (LOC) in the amount of$12,500 at your convenience. At that time, I will return the current LOC to you. Thank you! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/—web3250.htm 11/28/2017 RESOLUTION NO. 17-6-59 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SOUTH FORK SUBDIVISION, 9Tx ADDITION FOR THE CITY OF AMES,IOWA BE IT RESOLVED,by h'the City Council of the City of Ames, Iowa: Section One. In accordance with the Certificate of the Public Works Department,the asphalt surface paving,final utility fixture adjustments, seeding/erosion control,part of required sidewalk, and street lighting construction 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 $12,500 for the remaining work that includes street trees and installation of the public sidewalks/pedestrian ramps. ADOPTED THIS 141" day of November, 2017. A. Diane A;s, 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 14"'day of November, 2017. > ' Re: Crane Farm and South Fork Punch Lists Nathan Willey to: Keith D. Arneson 10/08/2018 11:36 AM Cc: "Joel A.Thilges",Tracy Warner,Scott Shepherd, Diane R Voss Keith, Attached is the itemized punch list for the Crane Farm and South Fork Subdivisions. I recently verified the status of these items with our inspector and have updated the original punch lists and maps accordingly (also attached). Since I have been delayed in responding back to you, and the weather has been detrimental to construction, please show progress toward completing these items by the end of April 2019. Again, if you have any questions about the attached lists or maps, please let me know. Thank you, Nathan Willey, P.E. Civil Engineer 11 n willey0city.ames.ia.us Office:515.239.5436 1 Fax: 515.239.5404 City Hall, 515 Clark Avenue I Ames, IA 50010 CITY OF n e s www.CityofAmes.ors I ^ Caring People-Quality Programs" Exceptional Service ----"Keith D. Arneson" <keithda meson(bg mail.com>wrote: ----- To: "Nathan Willey" <NWilley(@city.ames.ia.us> From: "Keith D. Arneson" <keithdarnesonagmail.com> Date: 08/15/2018 05:38PM Cc: "Joel A. Thilges" <Joel.Thilges(a)FNB247.com>, "Tracy Warner" <twarner(u)city.ames.ia.us>, "Scott Shepherd" <sshepherd city.amesJa.us> Subject: Re: Crane Farm and South Fork Punch Lists Please forward me the corresponding Letter of Credit number AND amount each repair will allow to be released from each LOC. As soon as that is received the clock can start on these repairs (many the cause of out of town builders faulty installation and approval by our inspection department). If I don't get this itemized breakdown from you by the end of October then I will refer this to my legal department. Sent from my iPad On Aug 15, 2018, at 3:23 PM, Nathan Willey <NWilley(a city.ames.ia.us>wrote: Good afternoon Keith, Our inspectors have continued to update their punch lists for pedestrian ramps and other infrastructure items that still need to be addressed in the Crane Farm and South Fork Subdivisions. Attached are the lists and corresponding maps for those items. Please respond in a timely manner to this email with your plan and anticipated timeline to correct all of these remaining punch list items. Most critical are the pedestrian ramps that are either not completed or are not meeting current ADA standards. Those ramps must be constructed or corrected and then verified with an as-built survey. If significant progress on these punch list items is not made by the end of October 2018, we will be discussing the next step in this process with our legal department. If you have any questions about the attached lists or maps, please Iqt me know and I will have our inspectors show you, or a contractor, exactly what needs to be completed. Thank you, Nathan Willey, P.E. Civil Engineer 11 nwilley@city.ames.im us Office:515.239.5436 1 Fax: 515.239.5404 City Hall, 515 Clark Avenue I Ames, IA 50010 <Image.461642953515.png> www.CitvofAmes.org I ~Caring People-Quality Programs^ Exceptional Service <Crane Farm Punch List.pdf> <Crane Farm ADA Ramp Map.pdf> <South Fork Punch List.pdf> <South Fork ADA Ramp Map.pdf>Crane Farm& South Fork Itemized Punch List.pdf Crane Farm Punch List.pdf Crane Farm Punch List Map.pdf South Fork Punch List.pdf South Fork Punch List Map.pdf co 0 0 0 o 0 o do 0 0 0 0 0 C N tD l0 lD .. u'1 O C O O O O O C C l a N N C V O L/1 O O N .1 I� .--i - Ln lD N O o N lD lD lD -o E Ln Ln CY m n lD m rr c a r r i ri ry a v v� E v� o u v v o_ N > C� � G � U U ro Ql to C Z r V S a' .4 v a Q Q O u � 41 O Q- (U Q E O Q � O u L u 7 Q 3 v O � N Q � o a E 0 Q o Q o0 O u _ N u O O 0- Q 3 7 3 O Q N O O N EEO 0 c o? v Q° Q Z) u t o a � CA � o = o 0 c c a to 3 Qj 0 tin O 3 a) o - c o = N c E 0 3 o n o c > c o o c u o c v o �_ v Ln s v o cz u .6 - O >- tn 3 v v E u° co 0o 3 a r o � LL > Co K O is io >O N L > 02S 02$ 07J D_ Q Q. 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CL C-11) LU f E'i AA— CIC 8 AIGDA9 TIC1339, 37](1339 � iry om LLI a v NWoa L.L E ai o E UM) 0 � d� ° sr FIRST NATIONAL BANK Issue Date: December 10,2019 Irrevocable Letter of Credit No. 0427 RE: South Fork Subdivision 9`1 Addition RE: Pinnacle Properties Ames, L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 Ladies/Gentlemen, We hereby establish our Irrevocable Letter of Credit No.0427 in favor of: City of Ames 515 Clark Ames, IA 50010 For the Account of: Pinnacle Properties Ames,L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 In the amount of $12,500.00 U.S. Dollars. Irrevocable Letter of Credit No. 0427 will expire on December 10,2020. Drafts for payment must be accompanied by the following: 1. Statement indicating which item(s) were not completed under the original estimate of cost submitted to establish this letter of credit. 2. Copies of all invoices, from a third party provider that the City of Ames hired to completed the specific item(s)or if the City completed the item(s),an itemization of the cost. 3. Beneficiary's signed statement indicating that they are requesting the lesser of the cost of to complete the specific item(s) or the stated dollar amount of the original estimate of cost submitted to establish this letter of credit. 4. Copy of this Irrevocable Letter of Credit No. 0427. Partial Payments are permitted. We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored. This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credit (1993) Revision, International Chamber of Commerce Publication#400. Sincerely, First National Bank of Ames By:�/. e A. Thilges, Senior ice President www. FNB247 . com Member FDIC ME HOER +VJ&C1 711 (qtf�� )j-n -( Ci 6�� FIRST CCVV NATIONAL BANK AMES • ANKENY • JOHNSTON VALLEY JUNCTION • WEST DES MOINES Issue Date: December 10,2018 Irrevocable Letter of Credit No. 0427 RE: South Fork Subdivision 91h Addition RE: Pinnacle Properties Ames, L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 Ladies/Gentlemen, We hereby establish our Irrevocable Letter of Credit No.0427 in favor of: City of Ames 515 Clark Ames, IA 50010 For the Account of: Pinnacle Properties Ames,L.L.C. 4114 Cochrane Parkway Ames, Iowa 50014 In the amount of $12,500.00 U.S. Dollars. Irrevocable Letter of Credit No. 0427 will expire on December 10, 2019. Drafts for payment must be accompanied by the following: 1. Statement indicating which item(s) were not completed under the original estimate of cost submitted to establish this letter of credit. 2. Copies of all invoices, from a third party provider that the City of Ames hired to completed the specific item(s)or if the City completed the item(s),an itemization of the cost. 3. Beneficiary's signed statement indicating that they are requesting the lesser of the cost of to complete the specific item(s) or the stated dollar amount of the original estimate of cost submitted to establish this letter of credit. 4. Copy of this Irrevocable Letter of Credit No. 0427. Partial Payments are permitted. We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored. This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credit (1993) Revision, International Chamber of Commerce Publication#400. Sincerely, First National Bank of Ames By: , e A. Thilges, r Vice President AMES OFFICE ANKENY OFFICE JOHNSTON OFFICE VALLEY JUNCTION OFFICE WEST DES MOINES OFFICE 405 5th Street 1205 N.Ankeny Blvd. 8460 Birchwood Court,Suite 1100 301 5th Street 5625 Mills Civic Parkway,Suite 100 Ames,IA 50010 Ankeny,IA 50023 Johnston,IA 50131 West Des Moines,IA 50265 West Des Moines,IA 50266 515-232-5561 515-965-3969 515-440-7180 515-274-3483 515-225-2641 Fax 515-232-5778 Fax 515-965-0125 Fax 515-331-2996 Fax 515-274-0173 Fax 515-225-8718 www. FNB247. 00m Member FDIC ARA Re: Fwd: Nathan Willey to: Keith Arneson 09/16/2019 02:17 PM Cc: John C Joiner, Diane R Voss,Joel.Thilges Keith, After review, the Wrap-Up LOC will be reduced to $8,243 and the LOC for the 6th Addition will be released in full at the next Council meeting on Sept. 24th. I will need as-builts on the reconstructed ADA ped ramps before I can release the remaining security for the 3rd and 7th Additions. The remaining Wrap-Up items include the side yard sidewalk along Lots 4 and 12 of the 4th Addition and street trees. The 9th Addition items are street trees, ADA ped ramps (need the as-builts), and the issue with the public sidewalk being installed 4' wide instead of the 5' width required by the preliminary plat for that addition. Let me know if you have any questions. Thank you, Nathan Willey, P.E. Civil Engineer 11 n willey@city.ames.im us Office:515.239.5436 1 Fax: 515.239.5404 City Hall,515 Clark Avenue I Ames, IA 50010 e s i—t www.CityofAmes.org I Caring People-Quality Programs" Exceptional Service" -----"Keith Arneson" <keithdarneson cDgmail.com>wrote: ----- To: JJoiner city.ames.ia.us, dvoss(a)city.ames.ia.us From: "Keith Arneson" <keithdarneson(c)gmail.com> Date: 09/10/2019 02:21 PM Cc: Joel.Thilges(cDFNB247.com, NWilley(a city.ames.ia.us Subject: Fwd: John, I have attached a summary of work completed this summer under Nate's watch. This pertains to South Fork only at this time. I am requesting that all LOC's be disbursed in full, except the Wrap Up account. I know some trees are left to plant and two cut through walks in SF 4 are waiting the City's relocation of electrical boxes placed in my easements. Also, I certainly hope some consideration is given to the fact I think it is less than reasonable to inspect ped ramps 4-5 years after install and virtually impossible to have corrected by the responsible party. This LOC work was completed weeks ago. I asked Nate twice to get this on a council agenda for reimbursement. I see it is still not on today's agenda. Please respect that I must pay for these items today, while the City sits on my LOC cash. Thank you for your prompt consideration in this matter. Keith Item No. 25 CITY OF Ames... Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 December 3, 2020 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 RE: South Fork Subdivision 91h Addition Financial Security Final Release Mayor and Council Members: I hereby certify that the street trees required as a condition for approval of the final plat of South Fork Subdivision 91h Addition has been completed in an acceptable manner by Country Landscapes, Inc. of Ames, Iowa. 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/tp cc: Finance, Planning& Housing, Subdivision file Public Works Department 515.239.5160 main 515 Clark Ave.P.O.Box 811 Engineering_ 515.239,5404 f— Ames,IA 50010 www.CityofAmcs.or'g RESOLUTION NO. 20-642 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SOUTH FORK SUBDIVISION, 9TH ADDITION, 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 street trees required for the South Fork Subdivision, 91" Addition, 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 81" day of December, 2020. Diane R. Voss, City Clerk John A. Haila, Mayor Introduced by: Gartin Seconded by: Corrieri Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 8" day of December, 2020.