HomeMy WebLinkAboutA027 - Letter to Mayor and Council dated February 12, 2019 - release of Letter of Credit CITY Or
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Public Works Department
515 Clark Avenue, Ames, Iowa 50010
Phone 515-239-5160 ♦ Fax 515-239-5404
February 12, 2019
Honorable Mayor and Council Members
City of Ames
Ames, Iowa 50010
RE: ISU Research Park Phase IV LOC Reduction#1 (Final)
Ladies and Gentlemen:
The public improvements required as a condition for approval of the final plat of Iowa State
University Research Park Phase IV are to be completed through a City public improvement
project that will be funded by an Economic Development Administration (EDA) grant and a
Revitalize Iowa's Sound Economy(RISE)grant. Therefore,the letter of credit currently on file for
these improvements is no longer necessary.
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/nw
cc: Finance, Planning& Housing, Subdivision file
Public Works Department 615,239 5160 main 515 Clark Ave.P.O.Box 811
515,239.5404 fax Ames,IA 50010
Engineering
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