HomeMy WebLinkAboutIrrevocable Letter of CreditKey Largo:
99451 Overseas Highway
Key Largo; FL 33037
(305)451-0211
Business Banking Center
100210 Overseas Highway,
Key Largo, FL 33037
(305)451-1519
Key Largo Bayside
103330 Overseas Highway
Key Largo, FL 33037
(305) 451-2000
Tavernier
91980 Overseas Highway
Tavernier, FL 33070
(305)852-9500
lsiannorada
80900 Overseas Highway
Islamorada, FL 33036
(305) 6644483
Marathon Shores
11401 Overseas Highway
Marathon Shores; FL 33052
(305) 743-7845
Business Banking Center
5800 Overseas Highway
Suite 41
Marathon, FL 33050
(305) 743-7650
Marathon
2348 Overseas Highway
Marathon, FL 33050'
(305)743-0072
Big Pine Key
Mile Marker 30.4
Big Pine Key, FL 33043
(305)872-0295
North Roosevelt
3618 N. Roosevelt Blvd.
Key West, FL 33040
(305)292-0230
Key West Old Town &
Business Banking Center
330 Whitehead Street -
Key West, FL 33040
(305) 294-6330
www.tibbank.com
Nasdaq: TIBB
IRREVOCABLE LETTER OF CREDIT
Effective Date: July 18, 2008
Expiration Date: July 18, 2009
LETTER OF CREDIT NO. 271
Board of County Commissioners of St. Lucie County
2300 Virginia Avenue, Annex
Fort Pierce, Florida 34982
We hereby establish our IRREVOCABLE LETTER OF CREDIT in
your favor and for account of St. Lucie County up;to an aggregate amount of
FIFTEEN THOUSAND and NOII00 dollars ($15,000.00) available by your
sight draft(s) drawn on TIB BANK and accompanied by the following
documents:
1. A signed statement by the Chairman of the St. Lucie County
Board of County Commissioners certifying and in ratification of
formal Board action (inclusive of a majority vote) certifying
that Keys Wi-Fi Inc., a Florida corporation has defaulted on its
obligations to the Board of County Commissioners of St. Lucie
County pursuant to Section 7.10.23F of the St. Lucie County
Land Development Code relating to the removal of an antenna,
antenna array or tower constructed under St. Lucie County
Permit No. D� 0 - ✓�
2. Draft(s) drawn under this LETTER OF CREDIT must be
marked, "Drawn Under (TIB BANK, LETTER OF CREDIT
NO.271, JULY 18, 2008) . The original LETTER OF CREDIT
must be presented for proper endorsement.
We hereby engage with you that draft(s) drawn under and in
compliance with the terms of this LETTER OF CREDIT will be duly honored
by us if presented within validity of the credit.
Except as expressly stated herein, this LETTER OF CREDIT is subject
to the Uniform Customs and Practice for Documentary Credits established by
the International Chamber of Commerce, as in effect on the date of issuance of
this LETTER OF CREDIT.
KymCZ11ins, Vice President and Business Banking Officer
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TI2344 W02
INTER -OFFICE MEMORANDUM
COUNTY ATTORNEY'S OFFICE
ST. LUCIE COUNTY, FLORIDA
TO: Shai Francis, Finance Director
FROM: Katherine Mackenzie -Smith, Assistant County Attorney
C.A. NO: 08-1210
DATE: August 12, 2008
SUBJECT: Letter of Credit No. 271- Keys Wi-Fi, Inc.
Attached is an original Letter of Credit No. 271 from TIB Bank of the Keys.
L
KMS/cb
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copy to: Lydia Galbraith, Zoning