Deist/Release of SecurityCOPY
City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
January 2, 2014
West One Bank
Attn: Rod Leese
PO BOX 7758
Kalispell, MT 59904
Re: Letter of Credit No. 152 $ 126,102.50
Ashley Heights
Dear Mr. Leese,
I am releasing the above mentioned security per Kevin LeClair in the Planning Department. It
has been replaced with Irrevocable Letter of Credit #163 in the amount of $98,532.00.
If you have any questions, please call me at 758-7750.
Sincerely,
Deb Deist
City Treasurer
758-7750
ddeist@kalispell.com
low
VILEST ONE BANK
January 16, 2013
Irrevocable Letter of Credit No. 152
Ashley Heights, LLC
3300 Hwy 2 West
Kalispell, MT 59901
City of Kalispell
312 1st Ave E.
Kalispell, MT 59901
We hereby estabLsh:mtbis_,zrxevocable Letter -,of 'Credit in your favor for one or more
drawings up to United States, $126,102.50. This Letter of Credit is payable at the West
One Bank office at 222 W., Idaho, Kalispell, MT 59901,,and,, 'expires with our close of
business on December 31, 2013.
Each draft so drawn must>be marked "Drawn under West One Bank, 222 W. Idaho,
Kalispell, MT 59901, Letter of Credit Number #152 and accompanied by signed
statements of the Kalispell City Attorney that Ashley Heights, LLC has failed to honor
their contractual agreement with -the iCity of Kalispell- This letter of credit shall reduce
proportionally with the landscaping and sound wallas they are completed on Ashley
Heights.
We hereby agree with you that all drafts drawn under and in compliance with the terms of
this credit will be duly honored if drawn and presented for payment to our office, West
One Bank, 222 W. Idaho, Kalispell, MT 59901.
West One Bank is insured by the FDIC under Certificate #57534.
Sincerely,
West
BY:
Print Name: Rod Leese
Its: President
222 W. IDAHO BOX 7758 EVERGREEN BRANCH
KALISPELL, MT 59904 2604 HWY 2 EAST
TEL. 406-755-9781 - FAX 406-755-9794 TEL. 406-752-9998 • FAX 406-755-2715
E41ELL MOIKIC
Member
LENDER www.westonebank.com