LC Release Letter 8-19-21CITY OT CHANHASSII'I
Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow
August 19,2021
Fifth Third Bank
61 11 North River Road
3'd Floor, Trade Services
Rosemont, IL 60018
Re Leuer of Credit No. 5507284
West Park - Pulte Homes
Planning Case File No. 2017 -12
Enclosed please find the above-referenced original letter of credit for your files. This letter is no
longer needed and can be cancelled. Ifyou have any questions, please contact me ar 952-227 -
1 134.
Sincerely,
CITY OF CHANHASSEN
Sharmeen Al-Jaff
Senior Planner
SAJ jms
Enclosures
Kate Aanenson, Community Development Director
g:\plan\2oI7 plarming cases\17-12 west park - pulte (klingelhutzllc release letter.docx
PH 952.227.1100. www.ci.chanhassen.mn.us. FX 952.227.1110
77OO MARKET BOULEVARD.PO BOX I4T.CHANHASSEN .I'IINNESOTA 55317
FIFTH THIRD BANK
July 9, 2 019
Benefj-ciary:
CITY OF C}ANHASSEN
COMMUNITY DEVELOPMENT
77OO MARKET BLVD.
PO BOX 147
CHANINSSEN, MN 5 5317
Applicant:
PULTEGROUP INC., ON BEI{ALF OF
PULTE HOMES OF MINNESOTA, LLC
75OO FLY]NG CLOUD DRIVE
sTE 670
EDEN PRA]RIE, MN 55344
Fifth Third Bank, Trade services operations, wlll relocate to a NEW
ADDRESS effectj-ve JwLy 9, 2OL9. Therefore, presentation of the
requisj-t.e documents under the above - referenced standby let.ter of
credit must be made to:
Fifth Third Bank
5111 North River Road
3'd F1oor, Trade services
Rosemont, IL 60018
P1ease update your records accordingty. If you hawe any questions
regarding th.is letter, please contact Trade Serwices Operatsions at
3L2-7 04- 5943 .
Sincerely,
Fifth Third Bank
/k-a
rh ized Signerr
Re: Standby Letter of Credit Number s5o7594
i
FIFTH THIRD BANK
LETTER OF CREDIT NO. 5507284 PAGE 1
I SSIJER:
FIFTH THIRD BANK
BENEFICTARY:
CITY OF CHAMASSEN
77OO MARKET BLVD.
PO BOX 147
CI{ANIIASSEN, MN 55317
APPLICANT:
PULTEGROUP INC., ON BEHALF OF
PULTE HOMES OF M]NNESOTA, LLC
75OO FLYING CLOUD DRI!'E
sTE 670
EDEN PRAIRIE, MN 55344
LETTER OF CREDIT NO: S5O72A4
ISSUE DATE: AUGUST 31, 2017
EXPIRATION DATE: AUGUST 31, 201,8
EXPIRATTON PLACE: AT OUR COITI(|ERS
AMOIIIrIT: 94,O28. OO USD NINETY FOUR TIIOUSAND TWEIflIY EIGHT 00/100
WE HEREBY ESTABI,ISH OUR IRREVOCABIJE STANDBY LETTER OF CREDIT NO
S5O72A4 IN YOI'R FAVOR AT THE REOI'EST OF AND IOR TIIE ACCOUNT OF
THE APPI,ICANT FOR AN AGGREGATE AMOTiI(I NOT TO EXCEED USD94,O28.OO
(NINETY FOT'R THOUSAND TWENTY EIGHT AND NO/1OO U.S DOLI.ARS )
AVAII,ABLE TO YOU BY YOI'R DRAFT (S) DRAWN AT SIGHT ON FIFTH THIRD
BANK.
THE DRAFT (S) MUST:
A) BEAR THE CI,AUSE: ,DRAWN UNDER FIFTH THIRD BANK LETTER OF
CRED]T NUMBER 5507284, DATED AUGUST 3L, 201.7'
B) BE S]GNED BY AN AI IHORIZED OFFICER OF THE CITY OF CHAN}ASSEN
C) BE PRESEN|ED FOR PAYMENT AT FIFTH THIRD BANK, TRADE SERVICES,
222 S. RIVERSIDE PI,AZA, 31ST FTOOR MD GRVR1A CHICAGO, IL 50606 ON
OR BEFORE 5:00 P.M. CENTRAL STANDARD TIME ON AUGUST 31, 2018
I'NI,ESS EXTENDED AS PROVIDED BBLOW.
WE ARE ADVISED BY THE APPLICAI\IT T}IAT THIS LETTER OF CREDIT IS
ISSUED PT'RSUA}VT TO PRO.]ECT NAMED WEST PARK I,ANDSCAPING,
FIFTH THIRD BANK
LETTER OF CREDIT NO. 5507284 PAGE 2
CHAN}IASSEN, MN
THIS LETTER OF CREDIT SHALL BE AT]"IOMATICALI,Y EXTENDED W]THOI]:T
AMENDMEMT FOR SUCCESSIVE ONE (1) YEAR PERIODS I]NLESS, AT LEAST
SIXTY (50) DAYS PRIOR TO THE THTSI CT'RREMT EXPIRATION DATE, WE
SEND WRITTEN NOTICE TO THE CITY OF ClTAMIASSEN THA? WE ELECT NOT
TO EXTEND THIS LETTER OF CREDIT FOR AN ADDITIONAL PERIOD. WRITTEN
NOTICE IS EFFECTIVE IF SElfT BY CERTIFIED MAIL RETTTRN RECEIPT
REQI'ESTED, OR OVERNIGHT COI'RIER SERV]CE ADDRESSED AS FOLLOWS:
CIrY OF CIANI{AS SEN, 7700 IIIARKET BLVD., PO BOx 147, CHANI{ASSEN, MN
55317.
THIS LETTER OF CRED]T IS NOT TRANSFERABLE.
PARTIAL DRAWINGS ARE PERMITTED.
WE AGREE THAT DRAFT(S) DRAT'IN AND PRESENTED IN CONFORMITY WITH THE
TERMS OF TI{IS I,ETTER OF CREDIT WILL BE DI'LY HONORED UPON
PRESENTATION TO US ON OR BEFORE THE EXPIRATION DATE A? TI{E
FOLLOWING ADDRESS: FIFTH THIRD BANK, TRADE SERVICES, 222 S.
RIVERSIDE PI,AZA, 3]"ST FIOOR MD GRVR1A CHICAGO, IL 50605.
THIS LETTER OF CREDIT SHALL BE GOVERNED BY THE UNTFORM CUSTOMS
AND PRACTICE FOR DOCU},IENTARY CREDITS (2OO? REVISION),
INIERNATIONAL CHAMBER OF COMMERCE, PI'BLICATTON 600.
IF YOU REOUIRE ANY ASSISTANCE OR }IAVE ANY QUESTIONS REGARDING
THIS TRANSACTION, PLEASE CALL 3L2-704-4144 OR 3L2-7O4-7314.
RTZED S TGNATURE
DOLORES O' SULL]VAN
AUTHORI ZED S]TURE
ELZBIETA LEKARCZYK
v
f
THIS LETTER OF CREDIT SETS FORTH IN FT'LL TEE TERMS OF OI'R
I'NDERTAKING. SUCH I'NDERTAKING SHALL NOT IN ANY WAY BE MODIFIED,
AMENDED OR AMPLIFIED BY REFERENCE TO ANY DOCT]MEMT OR INSTRI'MENT
REFERRAD TO HEREIN OR TN WHfCH THIS LETTER OF CREDIT IS REFERRED
TO OR TO WHICH THIS LETTER OF CREDIT REI,ATES AND ANY SUCH
REFERENCE SHAi,L NOT BE DEEMED TO ]NCORPORATE HEREIN BY REFERENCE
ANY DOCI'MENT OR INSTRIJMENT.