CM-05-12-217DRAFT
U.S.$ 70,365.53 DATE: 10/03/2005
AT SIGHT
Special Conditions: Drawn on PlainsCapital Bank Letter of Credit
Number 2815
PAY TO THE ORDER OF: City of Round Rock
Seventy Thousand Three Hundred Sixty-five dollars and 53/100 U.S. DOLLARS.
FOR VALUE RECEIVED AND CHARGE THE SAME TO ACCOUNT OF:
Canteberry Development, Ltd.
TO: PlainsCapital Bank
Austin, Texas
es R. Nuse, P.E.
anager
ern- 05-/�-a.1-1
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
CERTIFICATION OF CONDITIONS
"A condition exists which, under Chapter 8.601 of the Round Rock Code of Ordinances
(1995 edition), entitles the City of Round Rock to draw the amounts stated in this draft
under Letter of Credit No. 2815„ for the construction of certain improvements
associated with Eagle Ridge, Section 14, Phase II - - A portion of a 33.673 acre tract and
also a replat of a portion of Vista Heights Section 4-A, 4-B, and 4-C.
Cindy - •- ers, Director of Finance
City of Round Rock
R
io lq1)5
Date
Attested by: Christine Martinez, Cityin
' 0,5 Secretary Date
City of Round Rock
Mayor
Nyle Maxwell
Mayor Pro -tem
Alan McGraw
Council Members
Rufus Honeycutt
Joe Clifford
Carlos T. Salinas
Scott Rhode
Gary Coe
City Manager
James R. Nuse, P.E.
City Attorney
Stephan L. Sheets
CITY OF ROUND ROCK 22[ East Main Street Round Rock, Texas 78664
Phone: 512.218.5400 - Fax: 512.218.7028 • www.ci.round-rocktx.us
PlainsCapital 4410
IRREVOCABLE LETTER OF CREDIT NO. 2815
TO: City of Round Rock, Texas
RE: Eagle Ridge Section 14, Phase II
DATE: October 4, 2004
TO WHOM IT MAY CONCERN:
We hereby authorize you to draw on PlainsCapital Bank, 919 Congress Avenue, Suite
600, Austin, Texas 78701 for the account of Canteberry Development, Ltd. up to the
aggregate amount of (U.S. $70,365.53) (Seventy Thousand, Three Hundred Sixty Five
Dollars and 53/100) available by your draft accompanied by a certification by the City
Manager, the Director of Finance, or City Engineer, that the following condition exists:
A condition exists which, under chapter 8.601 of the Round Rock Code of
Ordinances (1995 Edition), entitles the City of Round Rock to draw the amounts
stated in this draft under Letter of Credit No. 2815, for the construction of certain
improvements associated with Eagle Ridge, Section 14, Phase II - - A portion of a
33.673 acre tract and also a replat of a portion of Vista Heights Section 4-A, 4-B,
and 4-C.
Drafts must be drawn and presented by or on October 4, 2005 by the close of business of
the Issuer of this credit and must specify the date and -number of this credit. Drafts will
be honored within five calendar days of the presentment. We hereby engage all drawers
that drafts drawn and presented in accordance with this credit shall be duly honored.
Partial draws are permitted and the letter of credit shall be reduced by the amount of such
partial draws as well as by any reduction letters authorized by the City_ The sum of such
partial draws shall on no account exceed the Stated Amount of this credit, and upon any
draw or reduction letter which exhausts this credit, the original of this credit will be
surrendered to us.
Except as expressly stated, this credit shall be subject to the Uniform Customs and
Practice for Documentary Credits (1983 Revision), International Chamber of Commerce
(Publication No. 400).
This credit is irrevocable prior to its expiration date unless both parties consent to
revocation in writing.
Address of Issuer: PlainsCa 1 Bank
919 Congress Avenue, Suite 600 13Y:
Austin, Texas 78707 James D Ylss�
tel 512.457.7500 fax 512.494.8111 Its Senior Vi e President
T:WDW.piasneaopmaI.OmR203
919 Congress Avenue, Suite 600
Austin, Texas 78701
-"ROUND ROCK, TEXAS
PURPOSE. PASSIONL PROSPERITY
CITY OF ROUND ROCK
INTEROFFICE MEMORANDUM
DATE: October 28, 2004
TO:
FROM: Mianne Haley
Engineering & Development Services
RE:
Joyce Banner
Finance
Eagle Ridge Section 14, Phase II LOC
Transmitted herewith is Letter of Credit No. 2815 issued by Plains Capital Bank for
Canteberry Development, Ltd. in the amount of $70,365.53. This bond has been
submitted to the City to guarantee construction of necessary improvements for the above -
referenced subdivision. Upon successful completion of the improvements, the Letter of
Credit will be released.
T:DevServilfetriaThEamtrYaglIcSocl4PhIl
IL
4111
C, 04- mak'
Public Works Departe