LC Release Letter 5-31-19 0,e
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. CITY OF CIIANIIASSEN
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NH k S Chanhassen is a Community for Life-Providing for Today and Planning for Tomorrow
May 31, 2019
Mr. David Boyce
Western Bank
1100 4th Avenue E.
Shakopee, MN 55379
Re: Letter of Credit No. 219
Tweet Dental
Planning Case File No. 2016-18
Dear Mr. Boyce:
Enclosed please find the above-referenced original letter of credit for your files. This Letter is
no longer needed and can be cancelled. If you have any questions, please contact me at 952-
227-1131.
Sincerely,
CITY • .ANHASSEN
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Robert Generous
Senior Planner
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Enclosures
c: Kate Aanenson, Community Development Director
Bob Generous, Senior Planner
Jill Sinclair, Environmental Resources Specialist
g:\plan\2017 planning cases\17-01 tweet dental-site plan review\lc release letter 5-31-19.docx
PH 952.227.1100 • www.ci.chanhassen.mn.us • FX 952.227.1110
7700 MARKET BOULEVARD • PO BOX 147 •CHANHASSEN • MINNESOTA 55317
WESTERN BANK
a Division of American National Bank
Member FDIC Equal Housing Lender Q
IRREVOCABLE LETTER OF CREDIT
Number: 219
Date: 5/12/2017
TO: City of Chanhassen
7700 Market Boulevard,Box 147
Chanhassen,Minnesota 55317
Dear Sir or Madam:
We hereby issue, for the account of RGR Holdings,LLC and in your favor, our Irrevocable Letter of Credit
in the amount of$38,000.00,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. 219, dated May 12, 2017, of Western Bank, a
Division of American National Bank";
b)Be signed by the Mayor or City Manager of the City of Chanhassen.
c)Be presented for payment at 1100 4th Ave E,#100, Shakopee, MN 55379, on or before 4:00 p.m. on May
12,2018.
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 May 12 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.
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.
BY:
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David W Boyce
Its Executive Vice President
Western Bank has several locations throughout the Minneapolis—St. Paul metropolitan area.
For more information visit western-bank.com.