HomeMy WebLinkAbout20052675 t(1-16 ::,
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
I
FAX: (970) 352-0242
WI g P. O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
August 2, 2005
Compass Bank
P. O. Box 4444
Houston, Texas 77210-4444
RE: Cancellation and release of Collateral - Beacon Builders, do Jon Cook
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 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
By.
Carol A. Hardi g,
Deputy Clerk to the Board
2005-2675
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-- Weld County Planning Dept—
C Compass Bank JUN 4 2001 International Trade Services
P.O.Box 4444
RECEIVED 713 867-2717/77210-4444 1 -2700
Telex 6737349
www.compassweb.com
IRREVOCABLE STANDBY L T F CREDIT NO.S25155C
PLACE AND DATE OF ISSUE: ATE AND PLACE OF EXPIRY:
HOUSTON,TEXAS JUNE 01,2001 JUNE 01,2002 HOUSTON,TEXAS
APPLICANT: ADVISING BANK:
VISTA BEACON,LLC NOT APPLICABLE
12359 N.75TH
P.O.BOX 296
HYGIENE,CO 80533
BENEFICIARY: AMOUNT;TJSD83.051.00
WELD COUNTY (EIGHTY-THREE THOUSAND FIFTY-ONE
BOARD OF COUNTY COMMISSIONERS AND NO/100 U.S.DOLLARS)
1555 N. 17TH AVE.
GREELEY,CO 80631
GENTLEMEN,
WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR AVAILABLE
BY BENEFICIARY'S SIGHT DRAFT(S) DRAWN ON COMPASS BANK ACCOMPANIED BY THE ORIGINAL OF
THIS LETTER OF CREDIT AND THE FOLLOWING DOCUMENT(S):
• ORIGINAL OF BENEFICIARY'S MANUALLY SIGNED STATEMENT STATING THAT:
QUOTE
VISTA BEACON,LLC IS IN DEFAULT UNDER THE TERMS AND CONDITIONS OF THE IMPROVEMENTS
AGREEMENT DATED APRIL 10,2001,BY AND BETWEEN WELD COUNTY AND VISTA BEACON,LLC.
UNQUOTE
SPECIAL CONDITIONS:
DRAFT(S)MUST BE MARKED:"DRAWN UNDER COMPASS BANK LETTER OF CREDIT NO. 525155C"
WE HEREBY ENGAGE WITH YOU THAT ALL DRAFT(S)DRAWN UNDER AND IN COMPLIANCE WITH ALL
THE TERMS AND CONDITIONS OF THIS CREDIT WILL BE DULY HONORED IF DRAWN AND PRESENTED
FOR PAYMENT BETWEEN THE HOURS OF 8:00 A.M.AND 4:00 P.M.MONDAY THROUGH FRIDAY ON A DAY
WHEN THE INTERNATIONAL TRADE SERVICES OFFICE IS OPEN FOR BUSINESS AT 204 W. 19TH STREET,
3RD FLOOR,HOUSTON,TEXAS 77008 ON OR BEFORE THE EXPIRATION OF THIS LETTER OF CREDIT.
THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS(1993 REVISION)INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500.
////
2Li?
THORIZED SIGNATURE
TLC
C Compass International Trade Services
Bank P P.O 0.Box Bank
.Box 4444
Houston,TX 77210-4444
Phone(713)499-8645
LETTER OF CREDIT NO. S25155C
DATE: FEBRUARY 11,2002
APPLICANT: BENEFICIARY:
VISTA BEACON, LLC WELD COUNTY
12359 N. 75TH BOARD OF COUNTY COMMISSIONERS
HYGIENE CO 80533 1555 N 17TH AVE.
GREELEY CO 80533
GENTLEMEN:
EFFECTIVE FEBRUARY 11,2002 DOCUMENTS MUST BE PRESENTED TO:
COMPASS BANK
INTERNATIONAL TRADE SERVICES
24 GREENWAY PLAZA,SUITE 1601
HOUSTON, TEXAS 77046
THIS NOTIFICATION IS TO BE CONSIDERED AS PART OF THE ABOVE CREDIT AND MUST BE
ATTACHED THERETO.
ALL OTHER TERMS AND CONDITIONS OF THE CREDIT REMAIN UNCHANGED.
AUTHORIZED SIGNATURE
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4..fr.Th
Weld County Planning Department
GRFFLFY O F'CF
FEB 1 2002
RECEb vLO
• LH-
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
Beacon Builders
do Jon Cook
P. O. Box 296
Hygiene, Colorado 80533
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 Compass Bank, P. O. Box 4444, Houston, Texas 77210-4444.
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 / ! O%4
Carol A. Harding,
Deputy Clerk to the Board
COLLATERAL RELEASED
IN CONJUNCTION WITH
OTHER CASES
SEE #2005-2091
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