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HomeMy WebLinkAboutCorrespondence APPLICANT 11/29/2006 q d CJU13ui/di1l{J Conapts, 1m. 1135 cat rfou1l{J CJ?pad P.ugene, OCJ{ 97401 COB #114800 November 29,2006 City of Springfield Attn: Jim Donovan 225 5th Street Springfield, OR 97477 Re: Letter of Credit Fencing for Hayden Bridge, King Henry's Court, Lots 5, 6, 7, and 8, 9, 10 Dear Mr. Donovan: This Letter of Credit along with the attached check is to ensure, and/or collateral, for the back lot fencing for Hayden Bridge, Lots 5, 6, 7, King Henry's Court, Springfield, Oregon. The total estimated cost of fencing per lot is $1200.00. Attached is check # J/9:5 in the amount of $3600.00, to cover 3 Lots 5,6, and 7, at the $1200.00 per lot, to provide screening between lots 5, 6,7, and 8, 9, 10 on King Henry's Court. The period of time for completion offencing for each lot is roughly three months. Therefore the estimated completion date for the above-mentioned six lots would be an estimated total of 18 months, to begin when permitted by the City of Springfield. To be more specific, if we are permitted by the City of Springfield in December 2006, our estimated completion date would be May of2008. The attached check is acting as credit, in good faith, to ensure the specified ~ompletion date of May 2008. Should G & R Building Concepts, Inc. exceed the specified completion date, therefore, failing to meet the deadline date of May 2008, the City of Springfield is granted permission and full release to deposit check # . . in the amount of$3600.00. Should G & R Building Concepts, Inc. meet the completion date of May 2008, or an earlier date, the City of Springfield agrees to release, in full, check # in the amount of $3600.00 to Walter Drews, President of, G & R Building Concepts, Inc., upon proof of completion, on or before the agreed upon deadline date of May 2008. Agreed Upon By and Between: City of Springfield, Representative #~~ -WIlffe~~l6 ~~ B~ii&gConc~pts Inc. Date //~/za-)(' J:1ate '/ ~ ;xf' JLA INVESTMENTS LLC ~-Ir-d.~ . t~~ 1183 '~ PO BOX 2617 PH. 541-344-2975 ~ ~"c:;.o'" ~ EUGENE. OR 97401 ~ _ - I I. L .,-- Q . 7 . \ 'Ll~v'O'\J. 11.1.gtntl" . /1h or I $D';600~ · (!)r~" of 'A J 1J oj , i ~~_"';l._. ,.....~ 11I:lluro {D~?-.'~'I: j . ~ Eugene r. .. Br.,,""', 'I o ~~ 1-800-895-3345 - -''''''',/ WEST COAST BANK l/fn. ': l. 232000881: -I..----'""' l.l.~ - 1.7" 2~~ rmD.Strcet Springfield, Orcgon 97477 541-726-3759 Phone ~ City of Springficld Official Reccipt )evelopmcnt Services Department / Public Works Dcpartment , RECEIPT #: 2200600000000001692 Date: 12/13/2006 8:07:23AM Job/Journal Number Description Financial Security, Miscellaneous Deposit - 3,600.0000 @ $1.0000 Amount Due 3,600.00 Paid By JLA INVESTMENTS LLC Item Total: <"':heck Number Authorization Received By Batch Number Number How Received $3,600.UU Payments: Type of Payment Check Amount Paid kal 1183 In Person Payment Total: $3,600.00 $3,60U.UO .~.~ -it 3 GW~ ) ~ '1,&L.~trn 'K~ ~ ~(~) ~~ J SUBZD05-6:Xl~ ~~~ PR..e2.00(,-COOQS - PIu.-5~ ~~ 2ea:t:" 1\~ ..0......;...1 Pa"e I of I 12/13/2006