HomeMy WebLinkAbout4700 MCMURRY AVE - CORRESPONDENCE - 12/3/1987interstate
Bank
First Interstate Bank
of fort Collins. N.A.
P.O. Box 578
Fort Collins, CO 80522
(303} 482-4861
IRREVOCABLE LETTER OF CREDIT
No. 665
December 3, 1987
City of Fort Collins
Fort Collins, Colorado
Dear Sirs:
�wv
We hereby establish, at the request and for the account of The Neenan
Company in your favor, our Irrevocable Letter of Credit #665 in the
amount of Twenty Thousand Three Hundred Fifty Nine Dollars and 03/100
($20,359.03) (as more fully described below), effective immediately
and expiring at the close of banking business on May 31, 1988, unless
automatically renewed as herein provided, at our office at 205 West
Oak Street, Fort Collins, Colorado 80522.
This Letter of Credit is intended for the Oakridge F1exTech in the
Oakridge Technical Park at 4700 McMurrav, -Fort Collins, Colorado
80525 for the assurance of the installation of landscaping pursuant
to the landscape plan. Funds under this Letter of Credit are
available to you for one or more drawings prior to the close of
business on May 31, 1988 against sight drafts in an aggregate
cummulative amount not to exceed $20,359.03, dated the date of
presentment, drawn on our office referred to above, referring thereon
to the number of this Letter of Credit and accompanied by your
written certificate signed by you and acknowledged as therein
provided in the form of Exhibit 1 hereto.
Presentation of such draft and certificate shall be made at our
office referred to above.
Upon the earlier of (i) our honoring your draft(s) totaling
$20,359.03 in the aggregate presented on or before this Letter of
Credit expires pursuant to the terms herein, or (ii) the surrender to
us by you of this Letter of Credit for cancellation, this Letter of
Credit shall automatically terminate.
This Letter of Credit shall be governed by the laws of the State of
Colorado, including the Uniform Commercial Code as in effect in the
State of Colorado. Communications with respect to this Letter of
Credit shall be addressed to us at the office referred to above,
specifically referring to the number of this Letter of Credit.
City of Fort Collins
December 3, 1987
Page Two
This Letter of Credit is not transferable.
This Letter of Credit sets forth in full our undertaking, and such
undertaking shall not in any way be modified, amended, ampliEied or
Iimited by reference to any document, instrument or agreement
referred to herein, except only the certificate and draft(s) referred
to herein; and any such reference shall not be deemed to incorporate
herein by reference any document, instrument or agreement except for
such certificate and draft(s).
Very truly yours,
FIRST INTERSTATE BANK OF FORT COLLINS, N.A.
games H. Trupp t"
Assistant Vice President
JHT:jn
WP—Cl
ro
EXHIBIT 1
r PPTTFTr ATF
The undersigned hereby certifies as follows with respect to the certain
Irrevocable Letter of Credit No. 665 dated December 3, 1987 established in
favor of The City of Fort Collins (the "Letter of Credit"):
(a) he (She) is authorized to execute this Certificate on behalf of
The City of Fort Collins: and
(b) The sum of $ , which is the amount of the draft
presented with this Certificate, is the amount currently due to
The City of Fort Collins from The Neenan Company; and
(c) The amount of the accompanying draft together with all previous draws
under the Letter of Credit do not exceed in the aggregate $ 20,359.03 .
(d) The Letter of Credit has not expired.
IN WITNESS WHEREOF, the undersigned has executed this Certificate on behalf of
The City of Fort Collins this day of 19
The City of Fort Collins
by:
Authorized Officer
STATE OF COLORADO )
ss•
COUNTY OF )
The foregoing instrument was acknowledged before me the day of
, 19 , by
of The City of Fort Collins
WITNESS my hand and official seal.
Notary
My Commission Expires: