HomeMy WebLinkAboutCorrespondence APPLICANT 11/29/2006
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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
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-WIlffe~~l6 ~~ B~ii&gConc~pts Inc.
Date
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;xf' JLA INVESTMENTS LLC ~-Ir-d.~ . t~~ 1183 '~
PO BOX 2617 PH. 541-344-2975 ~ ~"c:;.o'" ~
EUGENE. OR 97401 ~ _ - I I. L
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11.1.gtntl" . /1h or I $D';600~
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WEST COAST BANK
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Springfield, Orcgon 97477
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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
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12/13/2006