Irrevocable Letters of CreditCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
December 24, 2014
Glacier Bank
Dave McNutt
Kathy smith
PO Box 27
Kalispell, MT 59903-0027
Re: Letter of Credit No. 01-06-287 $ 59,282.50
Westwood Park Subdivision
Dear Mr. McNutt,
I am releasing the above mentioned security per Chad Fincher in the Parks Department. Chad
tells me that the trees are now tied to the building permits issued for each lot. While this has
been expired since 2009, I wanted to clear out our files.
If you have any questions, please call me at 758-7750.
Sincerely,
Deb Deist
City Treasurer
758-7750
ddeist@kalispell.com
ARKTIS '
WO
C E
F r 4 b
���n9
August 1, 2008
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $59,282.50
Current Expiration Date: August 1, 2008
Modification Expiration Date: January 1, 2009
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of:
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective August 12008, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $59,282.50 and the expiration date is extended to January 1, 2009.
Please attach this Modification to the original Letter of Credit.
This Agreement shall be governed by the Uniform Customs and Practice for
Documentary Credits (2007 Revision) ("UCP"), International Chamber of Commerce
Publication No. 600, International Chamber of Commerce International Standby
Practices ISP98, (Publication ISP98) and any subsequent revisions thereof approved by
the International Chamber of Commerce, unless the law of the State of issuance prohibits
application of the UCP and ISP98 to this letter.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
MEMBER _
F' 11C05
-
.: bix� .,,.:% . . -. _: d• F..?,�s o �':-.w�r.+E`,F :'14. ,. a .�"l:i . � . u.F �u'�..m �
GLAcIER-
-ABANK
May 7, 2007
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $112,771.76
Current Expiration Date: August 1, 2008
Modification Expiration Date: May 7, 2007
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of.
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective May 7, 2007, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $112,771.76.
Please attach this Modification to the original Letter of Credit. To the extent applicable,
the original Letter of Credit and the Modification are subject to the Montana Uniform
Commercial Code and the Uniform and Practice for the Documentary Credits (1983
Revision) International Chamber of Commerce Document No. 400.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
-.. glacier@glacierbank.com
lo'
SRI,GLACIER
BANK
Letter of Credit No. 01-06-287
Dated: July 27, 2006
Expiration Date: August 1, 2008
Amount. $150.647,00
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
We hereby establish in your favor an irrevocable Letter of Credit up to the aggregate
amount of $150,647.00 at the request of Craig and Connie Denman.
If Craig and Connie Denman fails to complete the specified improvements in the
Westwood Park Subdivision within the time period set forth in the attached
Improvements Agreement, we will pay on demand your draft or drafts for such funds, to
the limit of credit set forth herein, as are required to complete said improvements. All
drafts must indicate the number and date of this Letter of Credit and be accompanied by a
signed statement of an authorized official that the amount is drawn to install
improvements not installed in conformance with the Improvements Agreement and
specifying the default or defect in question.
All drafts must be presented prior to the expiration date stated above, and this Letter of
Credit must accompany the final draft for payment.
This Letter may not be withdrawn or reduced in any amount prior to its expiration date
except by your draft or written release.
GLACIER BANK
\1
Dave J. McNutt
Vice President
ks
OPPORTUNITYMEMBER FDIC AN EQUAL
Deb Deist
From: Mark Crowley
Sent: Wednesday, February 02, 2011 4:15 PM
To: Deb Deist
Subject: RE: Westwood Park
No. Chad and Bill are still talking... Chad said he has been talking to Denman also.
Thanks.
Mc
From: Deb Deist
Sent: Wednesday, February 02, 2011 4:06 PM
To: Mark Crowley
Subject: RE: Westwood Park
OK, so you want me to release it?
From: Mark Crowley
Sent: Wednesday, February 02, 2011 2:05 PM
To: Deb Deist; Chad Fincher
Cc: Charlie Johnson
Subject: RE: Westwood Park
I dug into the file this afternoon. The certification has been accepted by Public Works. We have no reason to hold the
letter of credit. I called Bill Rice and let him know.
Mc
From: Deb Deist
Sent: Thursday, January 27, 2011 12:55 PM
To: Chad Fincher; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
Kathy Smith @ Glacier Bank. 756-4279
From: Chad Fincher
Sent: Thursday, January 27, 2011 12:37 PM
To: Deb Deist; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
While I'm confident I could take Charlie, I will call them if you give me Kathy's information. Let me know about my 1"
item and we can go from there. What is the engineer's certification for again? Thanks.
C.hdd �.11CAer
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box 1997
Kalispell, W 59903
(406) 758--7960 office
Deb Deist
From:
Mark Crowley
Sent:
Wednesday, February 02, 2011 2:05 PM
To:
Deb Deist; Chad Fincher
Cc:
Charlie Johnson
Subject:
RE: Westwood Park
I dug into the file this afternoon. The certification has been accepted by Public Works. We have no reason to hold the
letter of credit. I called Bill Rice and let him know.
M
From: Deb Deist
Sent: Thursday, January 27, 2011 12:55 PM
To: Chad Fincher; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
Kathy Smith @ glacier Bank. 756-4279
From: Chad Fincher
Sent: Thursday, January 27, 2011 12:37 PM
To: Deb Deist; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
While I'm confident I could take Charlie, I will call them if you give me Kathy's information. Let me know about my 1"
item and we can go from there. What is the engineer's certification for again? Thanks.
f'r�ztxc��ixzclz�x'
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box 1997
Kalispell, MT 59903
(406) 758-7960 office
(406) 758-7719 fax
efinclzer@kalispell.com
From: Deb Deist
Sent: Thursday, January 27, 2011 11:57 AM
To: Mark Crowley; Chad Fincher
Cc: Charlie Johnson
Subject: RE: Westwood Park
OK, thanks for taking care of it. May the best arm win!
From: Mark Crowley
Sent: Thursday, January 27, 2011 11:55 AM
To: Deb Deist; Chad Fincher
Cc: Charlie Johnson
Subject: RE: Westwood Park
I'll do a quick look into Chad's item #1 first. That may go away. Also, we are still awaiting the engineer's certification.
Chad, shall we arm wrestle for who gets to call? Charlie has one good arm.
Mc
From: Deb Deist
Sent: Thursday, January 27, 2011 11:45 AM
To: Chad Fincher; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
Mark, do you want to let Kathy Smith at the bank know this or should I forward the e-mail to her?
From: Chad Fincher
Sent: Thursday, January 27, 2011 11:36 AM
To: Mark Crowley; Deb Deist
Cc: Charlie Johnson
Subject: RE: Westwood Park
Our department still has outstanding items regarding Westwood Park;
1. Condition #11— Condition #11 required a landscape buffer between the fence and the sidewalk on the west side
of the development. To my knowledge this part was never completed. I do show a note that Susie was to
approve any plantings that may go in there due to the fact it was part of a drainage swell. I don't have any
paperwork that states her opinion with the proposed plantings. Our department will require this still unless
Susie or Public Works deems it detrimental to the drainage.
2. We have a tree planting schedule in our file; however a trip to the subdivision this morning showed that none of
these plantings have occurred. (80+ trees are sch(7duled) I could not confirm that the boulevards are seeded,
sodded or hydro seeded due to snow.
3. There were also issues with the trail too. Those I believe were resolved after an onsite meeting with the director
of Parks and Recreation. (I don't have any mention in our file and the director is currently out of the office)
Let me know if you need anything else from us.
C hadfiarclier
Parks Superintendent, A.PRP, CPO
Kalispell Parks and Recreation
P.O. Box1997
Kalispell, W 59903
(406) 758-7960 office
(406) 758-7719 lax
efincher@kalispell.com
From: Mark Crowley
Sent: Wednesday, January 26, 2011 2:44 PM
To: Deb Deist
Cc: Charlie Johnson; Chad Fincher
Subject: RE: Westwood Park
Yes, PW is still waiting for the engineer's certificate. I called Chad to see if there are any parks issues.
Mc
From: Deb Deist
Sent: Wednesday, January 26, 2011 11:29 AM
To: Mark Crowley
Cc: Charlie Johnson
Subject: Westwood Park
I have a message from Kathy at Glacier Bank wondering where we stand with Westwood Park Subdivision. I have an e-
mail from 9/4/09 that says their engineer needed to certify that the improvements are complete. Is that still the case?
Debra J. Deist
Treasurer
406-758-7750
ddeist@kalispell.com
Deb Deist
From: Chad Fincher
Sent: Monday, January 31, 2011 3:04 PM
To: Mark Crowley; Deb Deist
Cc: Charlie Johnson
Subject: RE: Westwood Park
I contacted Kathy and let her know of the (3) outstanding issues. She sighed and gave the indication she was familiar
with the items mentioned. I will keep you informed as we move along. Thanks
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box1997
Kalispell, MT 59903
(406) 758--79G0 office
(40(5) 758-7719 fax
cfincher@kalispell.corn
From: Mark Crowley
Sent: Monday, January 31, 2011 10:39 AM
To: Chad Fincher; Deb Deist
Cc: Charlie Johnson
Subject: RE: Westwood Park
Chad,
I was able to talk to Susie this morning. With the drain under that area between the street and property line, the
landscaping should be limited to herbaceous (not woody) plantings. Also, they should not raise the grade or impede flow
to that drain. Public Works will be comfortable with whatever (if anything) goes in there.
Thanks for taking care of this.
Mc
From: Chad Fincher
Sent: Thursday, January 27, 2011 12:37 PM
To: Deb Deist; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
While I'm confident I could take Charlie, I will call them if you give me Kathy's information. Let me know about my I"
item and we can go from there. What is the engineer's certification for again? Thanks.
C had fmcl r
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box 1997
Kalispell, MT 59903
(406) 758--7960 office
(406) 758-7719 fax
cfincheKg)kalispell.coxn
From: Deb Deist
Sent: Thursday, January 27, 2011 11:57 AM
To: Mark Crowley; Chad Fincher
Cc: Charlie Johnson
Subject: RE: Westwood Park
OK, thanks for taking care of it. May the best arm win!
From: Mark Crowley
Sent: Thursday, January 27, 2011 11:55 AM
To: Deb Deist; Chad Fincher
Cc: Charlie Johnson
Subject: RE: Westwood Park
I'll do a quick look into Chad's item #1 first. That may go away. Also, we are still awaiting the engineer's certification.
Chad, shall we arm wrestle for who gets to call? Charlie has one good arm.
Mc
From: Deb Deist
Sent: Thursday, January 27, 2011 11:45 AM
To: Chad Fincher; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
Mark, do you want to let Kathy Smith at the bank know this or should I forward the e-mail to her?
From: Chad Fincher
Sent: Thursday, January 27, 2011 11:36 AM
To: Mark Crowley; Deb Deist
Cc: Charlie Johnson
Subject: RE: Westwood Park
Our department still has outstanding items regarding Westwood Park;
1. Condition #11— Condition #11 required a landscape buffer between the fence and the sidewalk on the west side
of the development. To my knowledge this part was never completed. I do show a note that Susie was to
approve any plantings that may go in there due to the fact it was part of a drainage swell. I don't have any
paperwork that states her opinion with the proposed plantings. Our department will require this still unless
Susie or Public Works deems it detrimental to the drainage.
2. We have a tree planting schedule in our file; however a trip to the subdivision this morning showed that none of
these plantings have occurred. (80+ trees are scheduled) I could not confirm that the boulevards are seeded,
sodded or hydro seeded due to snow.
3. There were also issues with the trail too. Those I believe were resolved after an onsite meeting with the director
of Parks and Recreation. (I don't have any mention in our file and the director is currently out of the office)
Let me know if you need anything else from us.
clja lfrrcllee-
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box 1997
Kalispell, MT 59903
(406) 758-7960 office
(406) 758-7719 fax
cfincl er@kalispeell.com
From: Mark Crowley
Sent: Wednesday, January 26, 2011 2:44 PM
To: Deb Deist
Cc: Charlie Johnson; Chad Fincher
Subject: RE: Westwood Park
Yes, PW is still waiting for the engineer's certificate. I called Chad to see if there are any parks issues.
Mc
From: Deb Deist
Sent: Wednesday, January 26, 2011 11:29 AM
To: Mark Crowley
Cc: Charlie Johnson
Subject: Westwood Park
I have a message from Kathy at Glacier Bank wondering where we stand with Westwood Park Subdivision. I have an e-
mail from 9/4/09 that says their engineer needed to certify that the improvements are complete. Is that still the case?
Debra J. Deist
Treasurer
406-758-7750
ddeistPkaIispell.com
Deb Deist
From:
Mark Crowley
Sent:
Thursday, January 27, 2011 11:55 AM
To:
Deb Deist; Chad Fincher
Cc:
Charlie Johnson
Subject:
RE: Westwood Park
I'll do a quick look into Chad's item #1 first. That may go away. Also, we are still awaiting the engineer's certification.
Chad, shall we arm wrestle for who gets to call? Charlie has one good arm.
kilo
From: Deb Deist
Sent: Thursday, January 27, 2011 11:45 AM
To: Chad Fincher; Mark Crowley
Cc: Charlie Johnson
Subject: RE: Westwood Park
Mark, do you want to let Kathy Smith at the bank know this or should I forward the e-mail to her?
From: Chad Fincher
Sent: Thursday, January 27, 2011 11:36 AM
To: Mark Crowley; Deb Deist
Cc: Charlie Johnson
Subject: RE: Westwood Park
Our department still has outstanding items regarding Westwood Park;
1. Condition #11— Condition #11 required a landscape buffer between the fence and the sidewalk on the west side
of the development. To my knowledge this part was never completed. I do show a note that Susie was to
approve any plantings that may go in there due to the fact it was part of a drainage swell. I don't have any
paperwork that states her opinion with the proposed plantings. Our department will require this still unless
Susie or Public Works deems it detrimental to the drainage.
2. We have a tree planting schedule in our file; however a trip to the subdivision this morning showed that none of
these plantings have occurred. (80+ trees are scheduled) I could not confirm that the boulevards are seeded,
sodded or hydro seeded due to snow.
3. There were also issues with the trail too. Those I believe were resolved after an onsite meeting with the director
of Parks and Recreation. (I don't have any mention in our file and the director is currently out of the office)
Let me know if you need anything else from us.
Parks Superintendent, APRP, CPO
Kalispell Parks and Recreation
P.O. Box 1997
Kalispell, MT 5ggo
(406) 758.-7960 office
(406) 758.-7719 fax
cfincher@kalispell.com
From: Mark Crowley
Sent: Wednesday, January 26, 2011 2:44 PM
To: Deb Deist
Cc: Charlie Johnson; Chad Fincher
Subject: RE: Westwood Park
Yes, PW is still waiting for the engineer's certificate. I called Chad to see if there are any parks issues.
Mc
From: Deb Deist
Sent: Wednesday, January 26, 2011 11:29 AM
To: Mark Crowley
Cc: Charlie Johnson
Subject: Westwood Park
I have a message from Kathy at Glacier Bank wondering where we stand with Westwood Park Subdivision. I have an e-
mail from 9/4/09 that says their engineer needed to certify that the improvements are complete. Is that still the case?
Debra J. Deist
Treasurer
406-758-7750
ddeist kalispell.com
City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
February 2, 2010
Kathy Smith
Dave McNutt
Glacier Bank
PO Box 27
Kalispell, MT 59903-0027
Re: Irrevocable Letter of Credit No. 01-06-287 $ 59,282.50
Project: Westwood Park Subdivision
Dear Ms. Smith,
I am returning the above mentioned letters of credit per Mark Crowley in the Public Works
Department.
If you have any questions, please call me at 758-7750.
Sincerely,
Deb Deist
City Treasurer
ddeist@kalispell.com
cc Craig Denman
PO Box 5420
Whitefish, MT 59937
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $59,282.50
Current Expiration Date: August 1, 2008
Modification Expiration Date: January 1, 2009
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of.
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective August 12008, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $59,282.50 and the expiration date is extended to January 1, 2009.
Please attach this Modification to the original Letter of Credit.
This Agreement shall be governed by the Uniform Customs and Practice for
Documentary Credits (2007 Revision) ("UCP"), International Chamber of Commerce
Publication No. 600, International Chamber of Commerce International Standby
Practices ISP98, (Publication ISP98) and any subsequent revisions thereof approved by
the International Chamber of Commerce, unless the law of the State of issuance prohibits
application of the UCP and ISP98 to this letter.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
LAc6ER-
IVEC
May 7, 2007
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $112,771.76
Current Expiration Date: August 1, 2008
Modification Expiration Date: May 7, 2007
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of:
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective May 7, 2007, the amount of said Letter of Credit is hereby modified from
$ 88,146.26 to $112,771.76.
Please attach this Modification to the original Letter of Credit. To the extent applicable,
the original Letter of Credit and the Modification are subject to the Montana Uniform
Commercial Code and the Uniform and Practice for the Documentary Credits (1983
Revision) International Chamber of Commerce Document No. 400.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
website: email:
�sLAC1ER
BANK
Letter of Credit No. 01-06-287
Dated: July 27, 2006
Expiration Date: August 1, 2008
Am.o22nt: :$150.647.00
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
We hereby establish in your favor an irrevocable Letter of Credit up to the aggregate
amount of $150,647.00. at the request of Craig and Connie Denman.
If Craig and Connie Denman fails to complete the specified improvements in the
Westwood Park Subdivision within the time period set forth in the attached
Improvements Agreement, we will pay on demand your draft or drafts for such funds, to
the limit of credit set forth herein, as are required to complete said improvements. All
drafts must indicate the number and date of this Letter of Credit and be accompanied by a
signed statement of an authorized official that the amount is drawn to install
improvements not installed in conformance with the Improvements Agreement and
specifying the default or defect in question.
All drafts must be presented prior to the expiration date stated above, and this Letter of
Credit must accompany the final draft for payment.
This Letter may not be withdrawn or reduced in any amount prior to its expiration date
except by your draft or written release.
GLACIER BANK
Dave J. McNutt
Vice President
ks
website: www.glacierbank.com o email: glacier@glacierbank.com
MEMBER FDIC AN EQUAL OPPORTUNITY LENDER
City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
February 2, 2010
Kathy Smith
Dave McNutt
Glacier Bank
PO Box 27
Kalispell, MT 59903-0027
Re: Irrevocable Letter of Credit No. 01-06-287 $ 59,282.50
Project: Westwood Park Subdivision
Dear Ms. Smith,
I am returning the above mentioned letters of credit per Mark Crowley in the Public Works
Department.
If you have any questions, please call me at 758-7750.
Sincerely,
Deb Deist
City Treasurer
ddeist@kalispell.com
cc Craig Denman
PO Box 5420
Whitefish, MT 59937
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $59,282.50
Current Expiration Date: August 1, 2008
Modification Expiration Date: January 1, 2009
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of.
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective August 12008, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $59,282.50 and the expiration date is extended to January 1, 2009.
Please attach this Modification to the original Letter of Credit.
This Agreement shall be governed by the Uniform Customs and Practice for
Documentary Credits (2007 Revision) ("UCP"), International Chamber of Commerce
Publication No. 600, International Chamber of Commerce International Standby
Practices ISP98, (Publication ISP98) and any subsequent revisions thereof approved by
the International Chamber of Commerce, unless the law of the State of issuance prohibits
application of the UCP and ISP98 to this letter.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
FDIC
A I
GLAcIER
BANK
May 7, 2007
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification— Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $112,771.76
Current Expiration Date: August 1, 2008
Modification Expiration Date: May 7, 2007
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of:
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective May 7, 2007, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $112,771.76.
Please attach this Modification to the original Letter of Credit. To the extent applicable,
the original Letter of Credit and the Modification are subject to the Montana Uniform
Commercial Code and the Uniform and Practice for the Documentary Credits (1983
Revision) International Chamber of Commerce Document No. 400.
Sincerely,
g�ll;;�41
Dave J. McNutt
Vice President
DJM/ks
_.� .____ . ---
OAGLACIER
SO
BANK
Letter of Credit No. 01-06-287
Dated: July 27, 2006
Expiration Date: August 1, 2008
A mount: $150.647,00
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
We hereby establish in your favor an irrevocable Letter of Credit up to the aggregate
amount of $150,647.00. at the request of Craig and Connie Denman.
If Craig and Connie Denman fails to complete the specified improvements in the
Westwood Park Subdivision within the time period set forth in the attached
Improvements Agreement, we will pay on demand your draft or drafts for such funds, to
the limit of credit set forth herein, as are required to complete said improvements. All
drafts must indicate the number and date of this Letter of Credit and be accompanied by a
signed statement of an authorized official that the amount is drawn to install
improvements not installed in conformance with the Improvements Agreement and
specifying the default or defect in question.
All drafts must be presented prior to the expiration date stated above, and this Letter of
Credit must accompany the final draft for payment.
This Letter may not be withdrawn or reduced in any amount prior to its expiration date
except by your draft or written release.
GLACIER BANK
Dave J. McNutt
Vice President
ks
MEMBER FDIC AN EQUAL OPPORTUNITY
Deb Deist
From:
Mark Crowley [mcrowley@kalispell.com]
Sent:
Friday, September 04, 2009 2:34 PM
To:
'Deb Deist'
Subject:
RE: Westwood Park Subdivision - Denman
Categories: Red Category
Per our policy, their engineer needs to certify the improvements are complete. Then we can release it. I called Kathy
and left her a message to that effect.
We recently had issues on another project by this developer. He had not paid the engineer and so the engineer quit
providing services. I hope that is not the case here.
Mc
From: Deb Deist [mailto:ddeist@kalispell.com]
Sent: Monday, August 31, 2009 12:25 PM
To: 'Mark Crowley'
Subject: Westwood Park Subdivision - Denman
Hi Mark,
Kathy in the Commercial Loan Department of Glacier Bank would like to know where Westwood Park subdivision
stands? The letter of credit expired January 1, 2009. They can't release the deed of trust until they have the original
letter of credit back.
Debra J. Deist
Treasurer
City of Kalispell
201 1 st Ave. East
Kalispell, MT 59901
Phone 406-758-7750
E-mail: ddeistakalispell.com
ri d-
City of Kalispell Public Works Department
Post Office Box 1997, Kalispell, Montana 59903-1997 -Telephone (406)7.58-7720, Fax (406)758-7831
MEMORANDUM
August 1, 2008
To:
Deb Deist, City Treasurer
From:
Mark Crowley, Construction Manag
Re:
Westwood Park subdivision
The developer has requested a reduction of the amount of financial security to $59,282.50
for the referenced project. A recent examination of the referenced project was performed.
Public Works Department City of Kalispell concurs that the items remaining to be
constructed are as they appear in Exhibit B, as prepared and signed by Denman
Construction (attached).
The revised completion date is October 31, 2008. The expiration date of the letter of credit
is January 1, 2009.
The developer is providing financial security in the form of a letter of credit in the amount of
$59,282.50 (#01-06-287 attached). The letter is to be stored in our vault in accordance with
our city policy. Please return the existing security to the Developer.
Cc: Planning Department
without attachments
Glacier Bank; 202 Main Street; Kalispell, MT 59901
Denman Construction
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $59,282.50
Current Expiration Date: August 1, 2008
Modification Expiration Date: January 1, 2009
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of:
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective August 12008, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $59,282.50 and the expiration date is extended to January 1, 2009.
Please attach this Modification to the original Letter of Credit.
This Agreement shall be governed by the Uniform Customs and Practice for
Documentary Credits (2007 Revision) ("UCP"), International Chamber of Commerce
Publication No. 600, International Chamber of Commerce International Standby
Practices ISP98, (Publication ISP98) and any subsequent revisions thereof approved by
the International Chamber of Commerce, unless the law of the State of issuance prohibits
application of the UCP and ISP98 to this letter.
Sincerely,
4—/-�
Dave J. McNutt
Vice President
DJM/ks
A
GLAcIER
-ABANK
May 7, 2007
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
RE: Modification — Irrevocable Letter of Credit No. 01-06-287
Amount (U.S. Dollars) $88,146.26
Modified Amount $112,771.76
Current Expiration Date: August 1, 2008
Modification Expiration Date: May 7, 2007
To Whom It May Concern:
The above referenced Letter of Credit was established in your favor for the account of:
Craig and Connie Denman — WESTWOOD PARK SUBDIVISION
Effective May 7, 2007, the amount of said Letter of Credit is hereby modified from
$88,146.26 to $112,771.76.
Please attach this Modification to the original Letter of Credit. To the extent applicable,
the original Letter of Credit and the Modification are subject to the Montana Uniform
Commercial Code and the Uniform and Practice for the Documentary Credits (1983
Revision) International Chamber of Commerce Document No. 400.
Sincerely,
Dave J. McNutt
Vice President
DJM/ks
GLACI
� BANKER
Letter of Credit No. 01-06-287
Dated: July 27, 2006
Expiration Date: August 1, 2008
A,Ynmint: $1.50�647.00
Kalispell City Council
City of Kalispell
P. O. Box 1997
Kalispell, MT 59901
We hereby establish in your favor an irrevocable Letter of Credit up to the aggregate
amount of $150,647.00 at the request of Craig and Connie Denman.
If Craig and Connie Denman fails to complete the specified improvements in the
Westwood Park Subdivision within the time period set forth in the attached
Improvements Agreement, we will pay on demand your draft or drafts for such funds, to
the limit of credit set forth herein, as are required to complete said improvements. All
drafts must indicate the number and date of this Letter of Credit and be accompanied by a
signed statement of an authorized official that the amount is drawn to install
improvements not installed in conformance with the Improvements Agreement and
specifying the default or defect in question.
All drafts must be presented prior to the expiration date stated above, and this Letter of
Credit must accompany the final draft for payment.
This Letter may not be withdrawn or reduced in any amount prior to its expiration date
except by your draft or written release.
GLACIER BANK
Dave J. McNutt
Vice President
ks
website: www.glacierbank.com e email: glacier@glacierbank.com
MEMBER FDIC AN EQUAL OPPORTUNITY LENDER