13-23 Letter of Credit 500194031' 2000 4u ust2000 Se tember 2000
T F S S M T W T F S S M T W T F S
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El Securities
13 -a3
Start Due S P Category Description
2/1/2015 3/1 @015 F LC #500194 expires 3/1/15 from KlemBank
(automatically renews annually)
Chanhassen Great Plains Center (BP Site)
Site Plan Agreement
7905 Great Plains Blvd.
Planning Case 2013 -23
$52,085
Landscaping, Final Grading, Erosion Control, Public Utilities, Sanitary Sewer and City Sidewalks
Notify Shaimeen Al -Jaff
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vase t
r pFendier
Patterson
CONSTRUCTION
License: BC011239
To: City of Chanhassen
Aue'j' ^ ; %wenee'-� /I
Transmittal
Date: 03 -07 -2014
Project: 100048
14 -106 Great Plains Center
Prepared By: Lee Monson
Item Quantity Description
Letter of Credit
Chanhassen MN 55317
Please sign and date this form as proof that you are in receipt of the above listed items.
Return form to Fendler Patterson Construction, Inc
Signed:
Date:
INK a,. t...f
;.�.'
MAR 7 - 2014
CITY OF CHANHASSEN
�VSINP��T
K /einBP�
� / i'� IItREVOCABLE LETTER OF CREDIT �z�, 952 - 895 -9620 • fax 952- 895 -9651 • 14141 Glendale Road • Savage, MN 55378 • www.kleinbank.com A Al M�
DatIN,�45444
TO: City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, Minnesota 55317
Dear Sir or Madam:
We hereby issue, for the account of Fendler Patterson Construction, Inc. and in your favor, our Irrevocable
Letter of Credit in the amount of $52,085.00, available to you by your draft drawn on sight on the undersigned
bank.
The draft must:
a) Bear the clause, 'Drawn under Letter of Credit No. 500194, dated February 26`s, 2014, of K1einBank' ;
b) Be signed by the Mayor or City Manager of the City of Chanhassen.
c) Be presented for payment at K1emBank on or before 4:00 p.m. on March 1", 2015.
This Letter of Credit shall automatically renew for successive one -year terms unless, at least forty-five
(45) days prior to the next annual renewal date (which shall be March I" of each year), the Bank delivers written
notice to the Chanhassen City Manager that it intends to modify the terms of, or cancel, this Letter of Credit.
Written notice is effective if sent by certified mail, postage prepaid, and deposited in the U.S. Mail, at least forty-
five (45) days prior to the next annual renewal date addressed as follows: Chanhassen City Manager, Chanhassen
City Hall, 7700 Market Boulevard, P.O. Box 147, Chanhassen, MN 55317, and is actually received by the City
Manager at least thirty (30) days prior to the renewal date.
This Letter of Credit sets forth in full our understanding which shall not in any way be modified, amended,
amplified, or limited by reference to any document, instrument, or agreement, whether or not referred to herein.
The purpose of this letter of credit is to guarantee satisfactory completion by Fendler Patterson
Construction, Inc. of work to be performed at the Chanhassen Great Plains retail project located at 7905 Great
Plains Blvd in Chanhassen, MN, namely: landscaping, final grading, erosion control, public utilities, sanitary
sewer security and city sidewalks.
This Letter of Credit is not assignable. This is not a Notation Letter of Credit. More than one draw may
be made under this Letter of Credit.
This Letter of Credit shall be governed by the most recent revision of the Uniform Customs and Practice
for Documentary Credits, International Chamber of Commerce Publication No. 600.
We hereby agree that a draft drawn under and in compliance with this Letter of Credit shall be duly
honored upon presentation.
KleinB c
By:
Robert Q. H imemran
Its: President — Savage Office Q
LENDEfl
Member FDIC