HomeMy WebLinkAboutLetter; Irrevocable Letter of Credit� t
2300 VirguiiaAvenue a
Fort Fierce AFL 34982
772-462-1553 Fax 772-462-1735
Code Compliance Division
Code Compliance Permitting . Zoning
To: Katherine Smith, County Attorney
From: Lydia Galbraith, Zoning
Date: July 30, 2008
Re: South Florida Recycle Communication Tower, Resolution 08-147
Dear Katherine,
Attached you will find the irrevocable letter of credit for above site plan for your
review.
T nks, I
d,,� 6'Ctk(O rGcti
Lydia Galbraith
Code Compliance/Zoning
a.5-.--.
Lydia Galbraith - Re: South Florida Recycle Communication Tower, Resolution 08-
147
From: Katherine Smith
To: Galbraith, Lydia
Date: 7/30/2008 2:27 PM
Subject: Re: South Florida Recycle Communication Tower, Resolution 08-147
send here .... we review and then send to finance
thanks
>>> Lydia Galbraith 7/30/2008 2:11 PM >>>
Hello Katherine,
We received the application for above Tower.
Including in the package is an irrevocable letter of credit, one of the conditions of the resolution.
Do we sent the original letter attention your office? Or does the letter go to the Finance Department.
Please let me know.
Thanks,
Lydia Galbraith
Zoning
(772) 462-1555
file://C:\Documents and Settings\galbraith\Local Settings\Temp\XPgrpwise\48907A50SL... 7/30/2008
2
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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 NO/100 dollars ($15,000.00) available by your
sight drafts) 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.
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 drafr(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.
KyM' llins, Vice President and Business Banking Officer
g:\iim\form\Ic-towr