07-04 Letter of Credit SLCSSEA03084
Status Report 11/15/08 plan.OR2
July 2000
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iif Securities
I Start Due
11/15/08 12/31/08
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Category
Description
LC #SLCSSEA03084 Expires 12/31/08
T-Mobile Site Plan 07-04
$82,500
Notify Sharmeen AI-Jaff
iO 2008lo1us Development Corp
1/30108 at 2:45 PM S=Stalus P=Priority
Page t
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07~OY-
u.s. BANK NATIONAL ASSOCIATION
INTERNATIONAL DEPARTMENT
1420 FIFTH AVENUE, 9TH FLOOR
SEATTLE, WA 98101
PHONE: 206-344-2398
FAX: 206-344-5365
JANUARY 29, 2008
CITY OF CHANHASSEN
7700 MARKET BLVD., P.O. BOX 147
CHANHASSEN, MN 55317
ATTN: SHARMEEN AL-JAFF
PLEASE FIND ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER
SLCSSEA03084 IN FAVOR OF YOURSELVES, FOR THE ACCOUNT OF:
T-MOBILE CENTRAL LLC
12920 S.E. 38TH STREET
BELLEVUE, WA 98006
KINDLY ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT
TO THE ATTENTION OF OUR LETTER OF CREDIT DEPARTMENT, 1420 5TH
AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MENTIONING OUR REFERENCE
NUMBER AS IT APPEARS ABOVE. TELEPHONE INQUIRIES CAN BE MADE TO
EITHER JANET JOIREMAN AT 206-344-2398 OR GLORIA WARRICK AT
206-344-2328.
U.S. BANK NATIONAL ASSOCIATION
~ut~MENT-------
Janet Joireman
Asst. Vice President
CITY OF CHANHASSEN
RECEIVED
JAN 3 0 2008
CHANHASSEN PLAN~JING OEPT
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U.S. BANK NATIONAL ASSOCIATION
INTERNATIONAL DEPARTMENT
1420 FIFTH AVENUE, 9TH FLOOR
SEATTLE, WA 98101 U.S.A.
PHONE: 206-344-2328
FAX: 206-344-5365
IRREVOCABLE STANDBY LETTER OF CREDIT
JANUARY 29,2008
BENEFICIARY:
CITY OF CHANHASSEN
7700 MARKET BLVD., P.O. BOX 147
CHANHASSEN, MN 55317
ATTN: SHARMEEN AL-JAFF
APPLICANT:
T-MOBILE CENTRAL LLC
12920 SE 38TH ST., 9TH FLOOR
BELLEVUE, W A 98008
LETTER OF CREDIT NUMBER:
SLCSSEA03084
^^^^^^^^^^^^^^^
EXPIRY DATE: DECEMBER 31, 2008
AT: OUR COUNTERS PRESENTL Y LOCATED AT 1420 FIFTH AVENUE, 9TH FLOOR,
INTERNATIONAL DEPARTMENT, SEATTLE, WA 98101 ON OR BEFORE 5:00 P.M.
AMOUNT: $82,500.00
NOT EXCEEDING EIGHTY TWO THOUSAND FIVE HUNDRED AND 001100 U.S. DOLLARS
WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE BY YOUR DRAFT(S)
ORA WN AT SIGHT ON U.S. BANK NATIONAL ASSOCIATION AND ACCOMPANIED BY THE FOLLOWING
DOCUMENTS:
1. A NOTORIZED AFFADA VIT SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE BENEFICIARY
REPRESENTING THAT T-MOBILE CENTRAL LLC HAS FAILED TO COMPLY WITH THE DEVELOPMENT
PLANS STATED IN THE SITE PLAN PERMIT NO. 2007-04 DATED NOVEMBER 26,2007 AS AGREED TO BY THE
BENEFICIARY AND APPLICANT AND REPRESENTING THAT THE EXPENSES ITIMIZED IN THE AFFIDAVIT
WERE INCURRED BY THE BENEFICIARY FOR PAYMENT OF SUCH EXPENSES REQUIRED FOR THE
DEVELOPMENT OF THE PROJECT AND T-MOBILE CENTRAL LLC IS TO REIMBURSE BENEFICIARY
THEREFOR.
2. THIS ORIGINAL LETTER OF CREDIT INCLUDING ANY SUBSEQUENT AMENDMENTS.
3. COpy OF THE BENEFICIARY'S NOTICE TO THE APPLICANT THAT THE DEVELOPMENT OF THE PROJECT
HAS NOT BEEN COMPLETED BY OCTOBER 15,2008 AS REQUIRED BY THE SITE PLAN PERMIT NO. 2007-04
DATED NOVEMBER 26, 2007 AS AGREED TO BY THE BENEFICIARY AND APPLICANT AND THAT IF THE
DEVELOPMENT OF THE PROJECT IS NOT COMPLETED WITHIN THIRTY (30) DAYS AFTER RECEIPT OF THE
NOTICE THE BENEFICIARY WILL ACT TO CAUSE THE PROJECT TO BE COMPLETED AND TO RECOVER THE
COSTS THEREFOR BY REQUESTING A ORA W(S) UNDER THIS LETTER OF CREDIT.
4. RECEIPT(S) EVIDENCING THE AMOUNT(S) THE BENEFICIARY PAID FOR COMPLETING THE
DEVELOPMENT OF THE PROJECT WHICH AMOUNT(S) SHALL BE THE MAXIMUM DRAW ALLOW ABLE
UNDER THIS LETTER OF CREDIT.
PARTIAL DRAWINGS ALLOWED.
ALL WRITTEN NOTIFICATION SHALL BE SENT VIA COURIER.
DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE: "DRAWN UNDER U.S. BANK NATIONAL
ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO. SLCSSEA03084".
THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA03084
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THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (2007
REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600".
WE HEREBY ENGAGE WITH YOU THAT DRAFT(S) DRAWN AND/OR DOCUMENTS PRESENTED UNDER AND IN
COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY
HONORED UPON PRESENTATION TO US
DRAFT(S) AND DOCUMENTS MUST BE PRESENTED TO OUR OFFICE AT U.S. BANK NATIONAL ASSOCIATION,
INTERNATIONAL DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, IN PERSON, OR BY
OVERNIGHT COURIER, ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT.
U.S. BANK NATIONAL ASSOCIATION
INTE NATIONAL BANKI~G DIVISION
Jan~t joiremr-m
Asst. Vice Prosir.Jsnt
THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA03084