CM-2005-031DRAFT
U.S.$ 6,040.00 DATE: 02/23/2005
AT SIGHT
Special Conditions: Drawn on First Texas Bank letter of credit
No. 5501787
PAY TO THE ORDER OF: City of Round Rock
Six Thousand Forty dollars and no/100 U.S. DOLLARS.
FOR VALUE RECEIVED AND CHARGE THE SAME TO ACCOUNT OF:
Richard C. Baker, Trustee, Joint Venture
TO: First Texas Bank
P.O. Box 5
Round Rock, TX 78680
es R. Nuse, P.E.
Manager
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. 5501787, for the construction of certain improvements
associated with the Amended Plat of the Richard Baker Subdivision at Onion Branch.
2 123 tOc
Cindy Dent s�irector of Finance Date
City of Round Rock
-a3-o5
Attested by: Christine Martinez, City Secretijy Date
City of Round Rock
Mayor
Nyle Maxwell
Mayor Pro -tem
Alan McGraw
Council Members
Tom Nielson
Carrie Pitt
Scot Knight
Scott Rhode
Gary Coe
City Manager
James R. Nuse, PE.
City Attorney
Stephan L. Sheets
CITY OF ROUND ROCK 221 East Main Street • Round Rock, Texas 78664
Phone: 512.218.5400 • Fax: 512.218.7028 • www.ci.round-rock.tx.us
.14 FIRST
NI TEXAS BANK
Member FDIC IRREVOCABLE LETTER OF CREDIT NO. 5501787
Mailing Address for
All Locations:
First Texas Bank
P.O. Box 5
Round Rock, Texas 78680-0005
TO: City of Round Rock, Texas
RE: "Amending Plat of the Richard Baker Subdivision at Onion Branch
DATE: March 3, 2003
TO WHOM IT MAY CONCERN:
We hereby authorize you to drawn on FIRST TEXAS BANK, P. O. Box 5, Round Rock,
Texas, 78680, for the account of RICHARD C. BAKER, TRUSTEE, JOINT VENTURE,
up to the aggregate amount of $6,040.00 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. 5501787, for the
construction of certain improvements associated with the Amended Plat
of the Richard Baker Subdivision at Onion Branch.
Drafts must be drawn and presented by or on March 3, 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
Practices 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.
P. O. Box 5
Round Rock, TX 78680
Round Rock Branch
500 Round Rock Ave.
Round Rock,Texas 78664
512-255-2501
fax 512-244-6887
Brushy Creek Branch
7509 O'Connor Drive
Round Rock,Texas 78681
512-246-6010
fax 5I2-246-1008
FIRST T , AS B
By:
on E. Sloan, President
Cedar Park Branches
1901 Bagdad Road 1820 S. Lakeline '
Cedar Park,Texas 78613 Cedar Park,Texas 78613
512-259-2443 512-250-9977
fax 512-259-7194
Pflugerville Branch
1600 W. Pecan (FM 1825)
Pflugerville,Texas 78660
512-251-7889
fax 512-251-7919
Dell Branch
549 Louis Henna Blvd.
Round Rock,Texas 78664
512-218-3910
fax 512-218-8741