LC Release Letter 09-16-2014CM OF
7700 Market Boulevard
PC Box 147
Chanhassen, MN 55317
Administration
Phone: 952.227.1100
Fax 952.227.1110
Building Inspections
Phone: 952.2271180
Fax: 952.227.1190
Engineering
Phone: 952.227.1160
Fax: 952.227.1170
Finance
Phone: 952.227.1140
Fax: 952.227.1110
Park & Recreation
Phone: 952.227.1120
Fax: 952.227.1110
Recreation Center
2310 Coulter Boulevard
Phone: 952.227.1400
Fax: 952.227.1404
Planning &
Natural Resources
Phone: 952.227.1130
Fax: 952.227.1110
Public Works
7901 Park Place
Phone: 952.227.1300
Fax: 952.227.1310
Senior Center
Phone: 952.227.1125
Fax: 952.227.1110
Web Site
www.cl.chaphassen.mn.us
September 16, 2014
Ms. Ann Thompson
Deutsche Bank
Trade and Risk Services
60 Wall Street / NYC60 -2517
New York, NY 10005 -2858
Re: Preserve at Bluff Creek — Planning Case 2006 -14
Letter of Credit No. 839GC1000252
Dear Ms. Thompson:
The above - referenced project has been completed in general conformance with the
approved plans. Enclosed please find your original letter of credit along with an
amendment dated October 6, 2010. We are now closing our files on this project.
Sincerely,
CITY OF CHA HASSEN
KtQ
Kate Aanenson, AICP
Community Development Director
KA:ktm
Enclosures: Letter of Credit No. 839GCI000252
Amendment to Letter of Credit dated October 6, 2010
g:\plan\2006 planning cases \06 -14 the preserve \lc release letter 09- 16- 2014.docx
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Deutsche Bank IZI
Deutsche Bank AG New York
Trade and Risk Services
60 Wall Street / NYC60 -2517
CITY 07 New York, NY 10005 -2858
K'. f: IRREVOCABLE LETTER OF CREDIT
MAR 1 6 20io No. 839BGC1000252
ENGINEERING DEPT.
Date: March 15, 2010
TO: City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, Minnesota 55317
Dear Sir or Madam:
We hereby issue, for the account of The Ryland Group, Inc. and in your favor, our
Irrevocable Letter of Credit No. 839BGC1000252 in the amount of $37,775.00 (Thirty Seven
Thousand Seven Hundred Seventy Five & 00 /100 U.S.Dollars), 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. 839BGC1000252 dated March 15,
2010, of Deutsche Bank AG, New York Branch ";
b) Be signed by the Mayor or City Manager of the City of Chanhassen.
c) Be presented for payment at Deutsche Bank AG, New York Branch, 60 Wall Street, 25"'
Floor/NYC60 -2517, New York, NY 10005 -2858 Attn: Trade Services, on or before 4:00
p.m. on November 30, 2010.
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 November 30 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 overnight
courier or 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.
This Letter of Credit is not assignable. More than one draw may be made under this Letter
of Credit.
Deutsche Bank ❑
Page Two of Two Pages
Irrevocable Letter of Credit No. 839BGC1000252
This Letter of Credit shall be governed by the 2007 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.
Very truly yours,
Deutsche Bank
New York Bra
eynaldo e los Rey Thompson
s Asst. Vice President
Deutsche Bank
AMENDMENT TO
IRREVOCABLE LETTER OF CREDIT
TO: City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, Minnesota 55317
Dear Sir or Madam:
o,
Deutsche Bank AG NewYork Branch
Trade Services
60 Wall Street / NYC60 -2417
NewYork, NY 10005 -2858
No. 839BGC1000252
Date: October 6, 2010
By order of our principal, The Ryland Group, Inc. we, Deutsche Bank AG, New York
Branch hereby amend the above referenced Credit as follows:
Amount of Credit is decreased by US$13,425.00 to a new balance not exceeding
US$24,350.00.
All other terms and conditions remain unchanged. This amendment is effected on the strength
of your letter dated September 29, 2010.
This amendment is to be attached to the original credit instrument, of which it is to become an
integral part thereof.
If you require clarification or discussion of any of the aspects of this amendment, please do not
hesitate to contact Ann Thompson at 212 - 250 -9639 or Rey de los Reyes at 212 - 250 -9616.
Yours truly,
Deutsche Bank AG
New York Branc
eyna e os Rey Phompson
o ' e Asst. Vice President
Fr,:,:�Nt D