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CLERK TO THE BOARD
PHONE (970) 336-7215, Ext. 4225
FAX: (970) 352-0242
P. O. BOX 758
O GREELEY, COLORADO 80632
COLORADO
August 3, 2005
Colorado Business Bank of Boulder
2025 Pearl Street
Boulder, Colorado 80302
RE: Cancellation and release of Collateral - EPOCS Manufacturing, Inc., c/o Bruce Miller
To Whom It May Concern:
Attached hereto please find a copy of the Board of County Commissioner's Resolution approving
the cancellation and release of collateral, as referenced above. The original Irrevocable Letter of
Credit is enclosed.
If you have questions or need additional information, please do not hesitate to contact me at
(970) 356-4000, Extension 4217.
Very truly yours,
BOARD OF COUNTY COMMISSIONERS
7
By:
Carol A. arding,
Deputy Clerk to the Board
SPR.3O
2005-2678
(dNStk/ A&ott
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IPCOLORADO NO LONGER REQUIRED. RETURNED FOR
BUSINESS BANK CANCELLATI
BOULDER ��• 'eputy C erk to e Board
IRREVOCABLE STANDBY LETTER OF CREDIT
To: Weld County Department of Planning Services L/C No: 2039
1400 North 17th Avenue EFF DATE: 1/4/02
Greeley, CO 80631 EXPIRATION: 1/4/03
AMOUNT: $22,893.00
We hereby establish our Irrevocable Standby Letter of Credit Number 2039 in your favor
for the account of Bruce E. and Barbara E. Miller, in the amount not to exceed Twenty-
Two Thousand Eight Hundred Ninety-Three and no/100 U.S. Dollars ($22,893.00)
available by draft at sight on us accompanied by certification of the County
Administrator, that Bruce E. and Barbara E. Miller failed to comply with the
Improvements Agreement and the issuer has been notified of such default.
We hereby further agree that:
1. Drafts under and in compliance with the terms of this Irrevocable Letter of Credit
will be duly honored if presented at our office at 2025 Pearl Street, Boulder,
Colorado 80302, on or before 3:00 P.M. January 4, 2003, or any extended expiry
date as indicated below.
2. Funds available under this Irrevocable Letter of Credit may be drawn in such
amounts and at such times as determined by Weld County, provided that the
amount drawn shall not exceed the aggregate amount specified herein.
3. We shall have no right, duty, obligation, or responsibility to evaluate the
performance or non-performance of the underlying contract between Bruce E. and
Barbara E. Miller ant the beneficiary of this credit.
4. All drafts must be marked "Drawn under Irrevocable Letter of Credit Number
2039, Bruce E. and Barbara E. Miller.
This Irrevocable Letter of Credit shall have a FULL AND FINAL EXPIRATION DATE
OF January 4, 2003. Except so far as otherwise stated, this credit is subject to the
Uniform Customs and Practice for Documentary Credits (1993 Revision, International
Chamber of Commerce Publication No. 500).
Sincerely,
Jac L cy
Vice Presiden
2025 Pearl Street,Boulder,Colorado 80302 (303)413-6000 Fax(303)786-9701
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
FAX: (970) 352-0242
P. O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
August 3, 2005
EPOCS Manufacturing, Inc.
c/o Bruce Miller
5609 Highway 60
Johnstown, Colorado 80534
RE: Cancellation and release of Collateral
To Whom It May Concern:
Attached hereto please find copies of the Board of County Commissioner's Resolution approving
the cancellation and release of collateral,as referenced above. The original *Letter of Credit was
returned to Colorado Business Bank of Boulder, 2025 Pearl Street, Boulder, Colorado 80302.
If you have questions or need additional information, please do not hesitate to contact me at(970)
356-4000, Extension 4217.
Very truly yours,
BOARD OF COUNTY COMMISSIONERS
By:
rol A. Harding,
Deputy Clerk to the Board
COLLATERAL RELEASED
IN CONJUNCTION WITH
OTHER CASES
SEE #2005-2091
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