HomeMy WebLinkAboutSTRACHAN CONTINENTAL PUD - Filed DCP-DEV. CONSTRUCTION PERMIT - 2008-06-11NWO
AMERICAN
CONTINENTAL
MORTGAGE COMPANY
Su Dsi4lary of American Continental Corporation
Post Office Box 29099/Phoenix, Arizona 85038/(602) 957-4551
City of Fort Collins
Fort Collins, Co 80521
Gentlemen:
We hereby establish our irrevocable letter of credit in favor of the City
of Fort Collins, State of Colorado, a municipal corporation, hereinafter
designated "City", for the account of American Continental Corporation,
hereinafter designated "Owner", up to the aggregate amount of $47,000.00
which amount is to be paid to the City upon demand by the City when all
of the conditions set forth shall occur.
It is understood that the sole purpose of this letter of credit is to
secure the obligation of Owner to install and maintain in a satisfactory
condition for a period of two years after said installation, all
landscaping shown on the landscape plan, submitted to and approved by the
City for Continental Plaza, a planned unit development, pursuant to the
Fort Collins "Land Development Guidance System", dated March 3, 1981. The
City Arborist of the City shall determine if the landscaping is being
maintained in a "satisfactory condition", which determination shall not
be unreasonably or capriciously made. Maintenance of the landscaping
shall include replacement where necessary.
The conditions for payment made pursuant to this credit are as follows:
1. Owner has not performed all or part of the above stated
obligation after demand by the City.
2. The City has completed said improvements and/or maintenance or
is in the process of completing same.
3. The issuer of this letter be notified immediately of any
default of Owner in performance of the above -stated
obligations.
This letter of credit shall be null and void after $47,000.00 has been
disbursed by Bank as stated herein or on 9-1-84, whichever occurs first.
March 4, 1982 AMERICAN CONTINENTAL MORTGAGE CO.
Date
,
CHRIS G. MORITZ, INC. LANDSCAPE ARCHITECTS
July 13, 1981
ESTIMATE OF COST OF LANDSCAPE WORK
FOR PARCEL 2, CONTINENTAL PLAZA P.U.D., FORT COLLINS, COLORADO
SODDED BLUEGRASS LAWN - 26,600 SQFT.
' $
6,650.00
TREES
$
23,550.00
SHRUBS
$
10,924.00
PERENNIALS AND BULBS
$
3,676.00
BARK MULCH - 10,600 SQFT.
$
4,240.00
COBBLE MULCH - 2,100 SQFT.
$
2,940.00
SMOOTH RIVER BOULDERS - 20 TON
$
2,000.00
STEEL EDGING - 520 LFT.
$
1,300.00
AUTOMATIC IRRIGATION SYSTEM
$
12,500.00
CONTINGENCIES
$
1,220.00
ESTIMATED TOTAL COST:
$
69,000.00
BUDGET: 41,250 SQFT. @ $ 1.50 = $ 61,875.00
6752 EAST EXPOSITION AVENUE DENVER. COLORADO 80224 (303) 333.2175