HomeMy WebLinkAbout2002-07-26 Irrevocable LOC #1395HERITAGE nIANK
City Centre Marketplace o 1920 Donegal Drive * Woodbury, Minnesota 55125 a (651) 738 --2265 o Fax (651) 738 -7766
IRREVOCABLE LETTER OF CREDIT NO. 1395
July 26, 2002
Issued in favor of Oak Park Heights, a Mimiesota municipal corporation
Dear Sirs:
Heritage National Bank hereby establishes its Irrevocable Letter of Credit in your favor at
the request of and for the account of W. Zintl Construction, Inc, for the benefit of
w.A.T.E. Enterprises, Inc., a Minnesota corporation, up to the aggregate amount of
Thirty -- Thousand Two Hundred Sixty -Seven and noI100 dollars ($30,257.00} available by
your drafts shown at sight on Heritage National Bank.
This Letter of Credit covers improveinents; boulevard, swale sod, trees, landscaping
construction, b rading, erosion control, pond protection and restoration, utility protection
and repair, street protection and repair,
Heritage National Bank hereby agrees with bonafide holders that all drafts drawn and in
compliance with the terms of this credit shall be duly honored on presentation and
delivery of documents as specified to the drawee if drawn and negotiated on or before
July 26, 2003. The aggregate amount on this credit shall not exceed $30,257.00. This
credit becomes void if not used on or before July 25, 2003.
Your negotiations of any draft or drafts under this Letter of Credit shall be considered a
guaranty to Heritage National Bank that the terms and conditions expressed therein have
been fulfilled.
Unless otherwise expressly stated, this Letter of Credit is subject to the Uniform Customs
and Practice for Documentary Credits, I.D. Publication No. 290 11( 1974 Revision).
Very Truly Yours,
P
Diane L Quinn
Senior Vice President
DLQ /sjd
DIANE L. QUINN
Senior Vice President
Woodbury Manager
HERITAGE BANK
City Centre Marketplace
1920 Donegal Drive
Woodbury, MIS 55125
(651) 738 -2265 • FAx (651) 738 -7766
diane—quinn@anchorlink.com
INDEPENDENT AND LOCALLY OWNED SINCE 1910 ■ MEMBER FDIC