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Home My WebLink About20052676 riet 114tes CLERK TO THE BOARD PHONE (970)336-7215, Ext. 4225 FAX: (970)352-0242 P. O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO August 2, 2005 Bank One, Colorado, N. A. 1717 Main Street, 11th Floor Dallas, Texas 75201 RE: Cancellation and release of Collateral - Terry Henze, Jack Olberding, William Bedell, and John Widerquist 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, although expired, 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 By: 1 " Carol A. H ing, Deputy Clerk to the Board 2005-2676 64.5Ekt Acs-tmol4 96 MANICE NE. BANK ONE,COLORADO,N.A.- 1717 MAIN STREET, 11TH FLOOR,DALLAS,TEXAS 75201 TELEPHONE: 1-800-924-5435 IRREVOCABLE STANDBY LETTER OF CREDIT NO.4039 DATE: MARCH 26, 1998 APPLICANT: TERRY HENZE, JACK OLBERDING WILLIAM BEDELL, JOHN WIDERQUIST /1)511 4816 DEVONSHIRE STREET BOULDER, CO 80301 BENEFICIARY: WELD COUNTY GOVERNMENT 1400 NORTH 17TH AVENUE GREELEY, CO 80631 RE: LETTER.OF CREDIT NO. 4039 GENTLEMEN: AS PER THE TERMS AND CONDITIONS OF THE ABOVE-MENTIONED LETTER OF CREDIT, WE HEREBY GIVE NOTIFICATION OF OUR INTENT NOT TO EXTEND OR RENEW THE ABOVE-MENTIONED LETTER OF CREDIT. THE FINAL EXPIRATION DATE OF LETTER OF CREDIT NO. 4039 WILL BE MAY3, 1998. ORIZED SIGNATURE B ONE, COLORADO, N.A. DMC: B-110652-O (1,94) Banc One Internationa. ,.poration Tel 303 759 0111 CO1 9524 1125 17th Street Denver CO 80202 2088 PO Box 5586 TA Denver CO 80217 5586 BANK-HONE. AMENDMENT TO IRREVOCABLE LETTER OF CREDIT NO. 4039 Amendment Date: May 19, 1997 Weld County Government Terry Henze, Jack Olberding, 1400 North 17th Avenue William IS .John Widerquist Greenley, CO 80631 4816 Devonshire Street Boulder, CO 80301 We hereby amend our Letter of Credit number 4039 as follows: Presentation of documents for drawing after May 23, 1997, must be made to the following address: Banc One, Texas, N.A. 1717 Main Street TX1-2490 Dallas, TX 75201 Attn: Letter of Credit Department Any correspondence concerning this letter of credit must be directed to the new address. All other terms and conditions remain unchanged. Best Regards, Weld County Planning Dept. o JUN 0 2 1997 rize ature 4_k One, Colorado, N.A. 'CalIVED Banc One International Corporation is an international banking subsidiary ofBANC ONE CORPORATION,which has banking offices located in Arizona,Colorado,Illinois,Indiana,Kentucky,Louisiana,New York,Ohio,Oklahoma, Texas, ��wow,,ecvaea paper Utah,Wisconsin and West Virginia:and has other offices located in Hong Kong,Mexico and Virgin Islands. A t, f /1/K aUEn ^��A a t BANK ONE, COLORADO, N.A. A 0 ^ 6 p (Bank) L 4 CJ INTERNATIONAL DEPARTMENT, 1125 17th STREET (memo DENVER, COLORADO 80202 Date Confirmation of our Telex dated - OCTOBER 31. 1996 0 : Letter of Credit No.: -- _— 'II..':7 Y$ _) 4039 ) Applicant Beneficiary �'€ a WELD COUNTY GOVERNMENT TERRY HENZE, JACK OLBERDING, ' C 1400 NORTH 17th AVENUE WILLIAM BEDELL, JOHN WIDERQUIST g GREELEY, COLORADO 80631 4816 DEVONSHIRE STREET € BOULDER, CO 80301 ' ; Attn: Attn: Advising Bank Amendment No. £ N/A TWO (2) Advising Bank's reference I Z B 1 Attn:International Operations .5 Y We have amended our Letter of Credit as follows. E All other terms and conditons remain unchanged. 0 d EN Amount g+�by d $90,250.00 $ aThe total amount issued is now $750.00 0 The latest shipment date has been extended to E a ❑The expiry date has been ederided to ..3 THIS LETTER OF CREDIT AMENDMENT REQUIRES BENEFICIARY APPROVAL BEFORE IT BECOMES I OPERATIVE. PLEASE INDICATE YOUR ACCEPTANCE OF THIS AMENDMENT BY SIGNING ON THE E APPROPRIATE LINE ON THE ATTACHED COPY OF THIS AMENDMENT AND RETURNING IT IN THE 9 ENCLOSED ENVELOPE. SHOULD YOU CHOOSE TO REJECT THIS AMENDMENT, SIGN ON THE APPROPRIATE LINE OF THE ORIGINAL AMENDMENT AND RETURN ITIN THE ENCLOSED ENVELOPE. THIS AM NDMENT WILL NOT BECOME OPERATIVE UNTIL WE HAVE RECEIVED THE SIGNED COPY FROM mYO io F CPE -AUTHORIZED SIGNER REJECTED-AUTHORIZED SIGNER $ — 8 sgnw. BANK ONE, COLORA2/sd-P,-._PIC DO, N.A., 2&15362.00(REV.1/93) AMENDMENT ORIGINAL Bank One,Colorado^\. Tel 303 442 6770 Boulder Banking Center Fax 303 442 1328 PO Box 1 Boulder CO 80306 0001 1800 Broadway Boulder CO 80302 5246 BANK-HONE IRREVOCABLE LETTER OF CREDIT To: Weld County Government No . 4039 1400 North 17th Avenue Date : 05/03/95 Greeley, CO 80631 Expiry: 05/03/96 Amount : $91 ,000 . 00 Dear Sirs : We hereby establish our Irrevocable Letter of Credit in your favor in the amount of $91 ,000 . 00 (Ninety one thousand no/100 U. S . Dollars ) , available by drafts at sight . This Letter of Credit is issued for the account of Terry Henze , Jack Olberding, William Bedell , and John Widerquist, 4816 Devonshire Street , Boulder , CO 80301 for 5 lots in Continental View Ponds, PUD, Weld County and is subject to the following terms and conditions : DRAFTS. All drafts must be drawn on Bank One, Colorado, N.A. , must be negotiated or presented to Bank One, Colorado, N.A. during our regular business hours on or before the expiration date stated above and must bear the reference, "Drawn on Bank One, Colorado, N.A. Letter of Credit No. 4039 dated May 3 , 1995 . " DOCUMENTS. All drafts must be accompanied by the following documents : 1 . This original Letter of Credit . 2 . A written statement purportedly signed by an official of the Weld County Government stating that such funds represent amounts due and owing. OTHER TERMS AND CONDITIONS. This Letter of Credit is not transferable . It is subject to Article 5 of the Uniform Commercial Code as in effect in Colorado on the date of its issuance . OBLIGATION OF ISSUER. Bank One, Colorado, N.A. agrees with the drawers, endorsers , and good faith holders of drafts drawn under and in compliance with the terms and conditions of this Letter of Credit that Bank One, Colorado, N.A. will duly honor such drafts upon presentation to this office. Sincerely, Robert J. Gaddis , Vice President ". Member FDIC OPPORTUNR LIMIER R i,100%r¢cycle0 paper BANK-HONE Amendment Bank One, Cr ,rado, NA 20259 mate) 1800 Broadway (Address) Boulder, CO 80302 Date Confirmation of our Telex dated May 16, 1995 ❑ Letter of Credit No.: 4039 Bermeficiery Applicant Weld County Government Terry Henze, Jack Olberding, 1400 North 17th Avenue William Bedell , John Widerquist Greeley, CO 80631 4816 Devonshire Street U Boulder, CO 80301 Attn: Mn: Advising Bank Amendment No. 2 N/A One (1) 8 Advising Banks reference s g Attn:International Operations U 5 $ We have amended our Letter of Credit as follows. All other terms and conditons remain unchanged. W t . 0 Amount increased by 1; ❑The total amount issued is now c 3 y y a 0 The latest shipment date has been extended to Si Si ❑The expiry date has been extended to F 18 g Under other terms and conditions Insert: o This Letter of Credit shall be automatically extended for an additional period of one year from the present or each future expiration date unless we have notified 1v you in writing, not less than thirty (30) days before such expiration date, that ssg we elect not to renew this Letter of Credit. Notwithstanding , this Letter of FC Credit shall have a FULL AND FINAL EXPIRY OF MAY 3, 1998. 1s' g> Sv 39 1). e rg Bank One, Colorado, NA BY: Z ra R.,..aby Robert J. Ga 'Iis;tic"e President 2&15362-00(REV.1/93) AMENDMENT ORIGINAL 4. BANK ONIE® Amendment BANK ONE, COLORADO, N.A.Pail 20468 INTERNATIONAL DEPARTMENT, 1125 17th STREET (Address) DENVER, COLORADO 80202 Date Confirmation of our Telex dated OCTOBER 31, 1996 0 Letter of Credit o.:dit N ._ .. 4039 Beneficiary Applicant e WELD COUNTY GOVERNMENT TERRY HENZE, JACK OLBERDING, g 1400 NORTH 17th AVENUE WILLIAM BEDELL, JOHN WIDERQUIST I GREELEY, COLORADO 80631 4816 DEVONSHIRE STREET BOULDER, CO 80301 Mn: Ann: Advising Bank Amendm ent No. a 3 o Attn:International Operations s U B 8 We have amended our Letter of Credit as follows. All other terms and conditons remain unchanged. ffAmount ilriattty d $90,250.00 tt g C11The total amount issued is raw $750.00 5 2 0 The latest shipment date has been extended to a d j0 The expiry date has been extended to c THIS LETTER OF CREDIT AMENDMENT REQUIRES BENEFICIARY APPROVAL BEFORE IT BECOMES I OPERATIVE. PLEASE INDICATE YOUR ACCEPTANCE OF THIS AMENDMENT BY SIGNING ON THE i APPROPRIATE LINE ON THE ATTACHED COPY OF THIS AMENDMENT AND RETURNING IT IN THE y ENCLOSED ENVELOPE. 2 SHOULD YOU CHOOSE TO REJECT THIS AMENDMENT, SIGN ON THE APPROPRIATE LINE OF THE 1 ORIGINAL AMENDMENT AND RETURN IT IN THE ENCLOSED ENVELOPE. THIS AM NDMENT WILL NOT BECOME OPERATIVE UNTIL WE HAVE RECEIVED THE SIGNED COPY FROM co Y0 O1 cn • C P E —AUTHORIZED SIGNER REJECTED-AUTHORIZED SIGNER r AudieSIgnalum BANK ONE, COLORADO, N.A. 28-15362-00(REV. 1/93) AMENDMENT ORIGINAL (it-"(e CLERK TO THE BOARD PHONE (970)336-7215, Ext. 4225 C FAX: (970)352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 2, 2005 Terry Henze, Jack Olberding, William Bedell, and John Wderquist 4816 Devonshire Street Boulder, Colorado 80301 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, although expired,was returned to Bank One,Colorado,N.A., 1717 Main Street, 11th Floor,Dallas, Texas 75201. 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: 71 �4 Carol A. Harding, Deputy Clerk to the Board COLLATERAL RELEASED IN CONJUNCTION WITH OTHER CASES SEE #2005-2091 Hello