HomeMy WebLinkAboutA011 - Resolution No. 19-133 adoptd April 9, 2019 - Cancellation Notice of Letter of Credit RESOLUTION NO. 19-133
RESOLUTION ACCEPTING RELEASE OF FINANCIAL SECURITY FOR
PUBLIC IMPROVEMENTS REQUIRED FOR
IOWA STATE UNIVERSITY RESEARCH PARK PHASE IV
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
financial security that was required as a condition for approval through a City public improvement
project will be funded by an Economic Development Administration(EDA)grant and a Revitalize
Iowa's Sound Economy (RISE) grant; therefore, the letter of credit currenty on file for these
improvements is no longer necessary.
Section Two. The bond given to secure performance of the public improvements is hereby
released and shall be returned to the subdivider.
ADOPTED THIS 91h day of April, 2019.
Diane . Voss, City Clerk John . Haila, Mayor
Introduced by: Corrieri
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 9th day of April, 2019.
BankersTrust.
453 7th Street
P.O. Box 897
Des Moines, IA 50309
DATE: MAY 08, 2019
CITY OF AMES
CITY HALL, 515 CLARK AVENUE
AMES, IA 50010
CANCELLATION NOTICE
OUR REFERENCE: 20000426-00
BENEFICIARY: CITY OF AMES
APPLICANT: IOWA STATE UNIVERSITY RESEARCH PARK
WE HAVE RECEIVED AUTHORIZATION FROM CITY OF AMES TO CANCEL THE ABOVE
REFERENCED LETTER OF CREDIT.
ACCORDINGLY, WE HAVE CLOSED THIS ITEM ON OUR RECORDS EFFECTIVE AS OF MAY
08, 2019.
SHOULD YOU REQUIRE ANY ASSISTANCE, PLEASE CONTACT INTERNATIONAL BANKING
DEPT. WHEN REFERRING TO THIS LETTER OF CREDIT, REMEMBER TO QUOTE OUR
REFERENCE NUMBER. 20000426-00 .
BANKERS TRUST COMPANY
GLOBAL BANKING
PH: 515-245-5285 OR 515-245-2844
SWIFT: BTCDUS44
MEMBER FDIC
THIS IS A COMPUTER GENERATED DOCUMENT; A MANUAL SIGNATURE IS NOT
REQUIRED.
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