HomeMy WebLinkAboutMEP2003-00008 - MEP Letters / Memos - 12/17/2004 bank. a `33 - oO - G
� Five Star Service Giuraotad
U.S.BANK NATIONAL ASSOCIATION
INTERNATIONAL DEPARTMENT
1420 FIFTH AVENUE,9TH FLOOR
SEATTLE,WA 98101 U.S.A.
PHONE:206-344-2398
FAX :206-344-5365
IRREVOCABLE STANDBY LETTER OF CREDIT
DECEMBER 17,2004
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BENEFICIARY: APPLICANT:
MASON COUNTY PORT ORCHARD SAND&GRAVEL CO.
DEPARTMENT OF DEVELOPMENT PO BOX 130
PLANNING DIVISION AUBURN,WA 98273
PO BOX 279
SHELTON,WA 98584
RICK MRZA 360427-9670 EXT.577
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LETTER OF CREDIT NUMBER: SLCSSEA01990
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EXPIRY DATE: DECEMBER 17,2005
AT:OUR COUNTERS PRESENTLY LOCATED AT 1420 FIFTH AVENUE,9TH FLOOR,
INTERNATIONAL DEPARTMENT,SEATTLE,WA,98101 ON OR BEFORE 5:00 P.M.
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AMOUNT US$20,000.00
NOT EXCEEDING TWENTY THOUSAND AND NO/100 U.S.DOLLARS
WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE BY
YOUR DRAFT(S)DRAWN AT SIGHT ON U.S.BANK NATIONAL ASSOCIATION AND
ACCOMPANIED BY THE FOLLOWING DOCUMENTS:
1. BENEFICIARY'S SIGNED CERTIFICATION STATING AS FOLLOWS: "WE CERTIFY THAT
THE APPLICANT IS IN DEFAULT OF THEIR OBLIGATIONS TO MASON COUNTY IN
REGARDS TO THEIR MASON COUNTY CONDITIONAL EVIROMENTAL PERMIT NO.
MEP2003-00008 KNOWN AS McEWAN PRAIRIE SURFACE MINE."
2. THE ORIGINAL OF THIS LETTER OF CREDIT,INCLUDING ANY AMENDMENTS.
ADDITIONAL CONDITIONS:
1. IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE
AUTOMATICALLY EXTENDED,WITHOUT AMENDMENT,FOR AN ADDITIONAL
PERIOD OF ONE YEAR FROM THE PRESENT EXPIRATION DATE OR EACH FUTURE
EXPIRATION DATE,UNLESS WE HAVE NOTIFIED YOU IN WRITING NOT LESS
THAN SIXTY(60)DAYS BEFORE SUCH EXPIRATION DATE,THAT WE ELECT NOT
TO RENEW THIS LETTER OF CREDIT.ALL WRITTEN NOTIFICATION SHALL BE
SENT VIA COURIER. UPON RECEIPT BY YOU OF SUCH NOTICE YOU MAY DRAW
HEREUNDER BY YOUR DRAFT AT SIGHT,DRAWN ON US,ACCOMPANIED BY
THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA01990
bank.
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Five Star Savior Guaranteed C�)
YOUR SIGNED STATEMENT CERTIFYING THAT ACCOUNTEE'S LIABILITY TO
YOU HAS NOT BEEN DISCHARGED.
DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE. "D
RAWN UNDER U.S.
BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO.
SLCSSEA01990."
WE HEREBY ENGAGE WITH YOU THAT DRAFT(S)DRAWN AND/OR DOCUMENTS
PRESENTED UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE
STANDBY LETTER OF CREDIT WILL BE DULY HONORED UPON PRESENTATION TO US
U.S.BANK NATIONAL ASSOCIATION
INTERNATIONAL BANKING DIVISION
-VAUTHI&ZED SIGNATURE
Janet Joireman
Letter of Credit Officer
THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA01990