CCR20011437lOljmb
COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #143-2001
APPROVAL OF LETTERS OF CREDIT
VERIZON
BE IT RESOLVED That the Common Council of the City of Muskego, upon the
recommendation of the Finance committee, does hereby approve the attached Letter
of Credit in the amount of $120,000, WEPCO Tower for Primeco Personal
Communications, LP, d/b/a Verizon Wireless.
BE IT RESOLVED That the Common Council of the City of Muskego, upon the
recommendation of the Finance Committee, does hereby approve the attached Letter
of Credit in the amount of $20,000, Sprint Tower located on the Addis property for
Primeco Personal Communications, LP, d/b/a Verizon Wireless.
DATED THIS 24th DAY OF July ,2001
SPONSORED BY:
FINANCE COMMITTEE
Ald. Mark Slocomb
Ald. David Sanders
Ald. Nancy Salentine
This is to certify that this is a true and accurate copy of Resolution #143-2001 which
was adopted by the Common Council of the City of Muskego.
OC~SEISSUE DATE: JUNE 29, 2001 L/C NO.: P-214251
Cabk Address: CHAMANBANK New Yo&
Beneflclaly
WI 53150-0749
OL
ATTN BRIAN TURK
1
APPLICANT: PERSONAL COMHUt4ICATIONS. LF D/B/A VERIZON WIRELESS
BEDMINSTER, NJ 07921 4TT:TREASURY 180 WASHJNGTON VALLEY RD. 1
MOUNT: USD 120.0013.00 HUNDRED TWENTY THOUSAND AND 00/100 UNITED STATES DOLLARS)
WE HEREBY ESTABLISH THIS IRREVOCABLE STANDBY LETTER OF CREDIT NO.
AMOUNT INDICATED ABOVE, EXPIRING AT OUR COUNTERS IN NEW YORK WITH OUR P-214751 IN YOUR FAVOR, FOR AN AGGREGATE AMOUNT NOT TO EXCEED THE
CLOSE OF BUSINESS ON MAY 16, 2002 OR ANY AUTOMATICALLY EXTENDED EXPIRY DATE.
THIS LETTER OF CREDIT IS AVAILABLE WITH THE CHASE MANPATTAN BANK, NEW YORK AGAINST PRESENTATION OF 'TOUR DRAFT AT SIGHT CRAIJN fiN THE WdSE MANHATTAN BANK, NEW 'f0W AND UPON RECEIPT OF A WRITTEN STATEMENT SIGNED BY THE CITY OF MUSKEGO STATING THAT "THE CGMHUNICATIONS FACILITIES HAVE NOT BEEN REMOVED AND THE PREMISES RESVORED TO ITS FREVIOUS CONDITION, REASONAELE WEAR AND TEAR EXCEPTED."
OUR CUSTOMER ADVISES US THAT
CEMBER 19, 2000. IS LETTER OF CF'EDiT REFERS IO RESOLUTION * FC2iB"OOO DATED
BE AUTOMATICALLY EXTENDED WITHOUT AtiENDMENT FOR ADDITIONAL ONE YEAR IT IS A CONDITION OF THIS IRREVOCABLE LETTER OF CREDIT THAT IT SHALL
PERIODS FROfl THE PRLSENT OR ECICH FUTURE EXPIRATION DATE, UNLESS AT LEAST NINETY (90) DAYS PRIOR TO SUCH DATE WE SEND YOU NOTICE IN WRITIPG BY REGISlERED i'iAIL, OR HAND DELIVERY AT THE ABOVE ADDRESS.
PERIOD. THAT WE ELECT NOT TO SENEW THIS LETTER OF CREDIT FR! SUCH ADDITIONAL
ALL WRRESFONDENCE A@!D ANY DRAWINGS HEREUNDER ARE TO BE DIRECTED TO OUR OFFICE AT 4 CHASE METROTECH CENTER, 8TH FLOOR, BROOKLYN, NEW YOHK 11245 ATTENTIGN: STANDBY LElTER OF CREDIT DEPARTHENT. CUSTOtiER INQUIRY NUMBERS ARE (718) 242-4904 AND (718) 242-4912.
WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDiTIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED.
THIS CREDIT IS SGBJECT 10 THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDIT (1993 REVISION) INTERNATIONAL CHAHRER OF COMMERCE, ruBLIcArIoN NO. 500.
THE NUMBER AND THE DATE OF OUR CREDIT AND THE NAME OF OLlR BANK MUST BE QUOTED ON ALL DRAFTS REQUIRED.
@ 214251- -001-Ll-01-
TlyChMsYwhattanBank
P. 0. Box 29016
Broddyn. NY 11202-9016
0 CHASEISSUE DATE: JUNE 29, 2001 L/C NO. P-214311
TY OF MUSKEGO Beneflclary
OFFICE BOX 749
MUSKEGO. WI 53150-0749 WISZ 58200 RACINE AVE:.IUE
OL
ATTN BRIAN TURK
1
APPLICANT: FERSONAL COMMUNICATInNS, LP -# D/B/A VERIZON WIRELESS
BEDMINSTER. NJ 07942 ATT TREASURY 180 WASHINGTON VALLEY ROAD ,
I -
MOUNT USD 20.000.00
UNITED STATES DOLLARS) (TWENTY THOUSkND AND 00/100
WE HEREBY tSTABLISH THIS 1HREVOCABLE STANDBY .LETTER OF CRED1T NO. P-214311 IN YOUR FAVOR, FOR AN AGGREGATE AMOUNT NOT TO EXCEED THE AMOUNT JNDICATED ABOVE, EXFIRING AT OUR COUNTESS IN NEW YORK WITH OUR CLOSE OF BUSINESS ON MAY 16, 2002 OR ANY AUTOMATICPLLY EXTENDED EXPIRY DATE.
THIS LETTER OF CREDIT IS AVAILABLE WITH THE CHASE KANHATTAN BANK, NEW YORK AGAINST PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON THE CH&SE MANHATTAI4 EANK, NEW YORK AND llPON KECElPT OF A WRITTEN STATEMENT SIGNED BY THE CITY OF MUSKEGO STATING THAT "THE CDHMUNICATIONS FACILITIES HAVE NOT EEEN REMOVED AND THE PREMISFS RESTORED TO ITS PREVIOUS CONDITION, REPSONABLE WEAR AND.TEAR EXCEPTED." e UR CUSlOMER ADVISES US THAT: 'IS LETTER OF CREDIT REFERS TO RESOLUTION + PC217-2000 DATED CEHEER 19, 2000. I'
IT IS A CONDITION OF THIS IRREVOCABLE LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ADDITIONAL ONE YEAR PERICDS FROM THE WESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST NINETY (90) DAYS PRIOR TO SUCH DATE WE SEND YOU NOTILE IN WRITING BY REGISTERED MAIL. OR HAND DELIVERY AT THE A!iUlGE ADDRESS,
PERIOD. THAT WE ELECT NOT TO RENEW THIS LETTER OF CREDIT FOR SUCH ADDITIONAL
ALL CORRFSPONDENCE ASD ANY DKPWINGS HEREUNDER ARE TO BE DIRECTED TO OUR nFFIC€ AT 4 CHASE HETROTECH CENTER, 8TH FLOOR, BROOKLYN, NEW YORK 11245 ATTENTIGN STANDBY LETTER OF CREDIT DEPARTMENT. CUSTOHER INQUIRY NUMREHS ARE (718) 242-4904 AND (718) 242-1912.
WITH THE TERdS AND CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER kND IN COflPLIANCE
HONORED.
THIS CREDIT IS SLIBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUtiENTARY CREDIT (1993 REVISION) INTERNATIONAL CHAMBER OF CGMHERCE, PUBLICATION NO. 500.
THE NUMBER AND THE DATE OF OUR CREDIT AND THE NAME OF OUR BANX MUST
-CONTINUED-
9 -214311- -001-L1-01-
The chase Manhattan Bank
P. 0. Box 29016
Blooldyn, NY 11202-9016
0 CHASEISSUE DATE: JUNE 29, 2001 L/C NO.: P-214311
Benenciav
OFFICE BOX 749 5R200 RACINE AVEIJUE
TY OF M\;SKEGO
USKEGQ, WI 53150-0749
0
BE QUOTED nN ALL DRAFTS REQUIRED.
I
APPLICANT
D/B/A VERIZON WIRELESS
BEDMINSTEH, NJ 07942 ATT:TREASUKY is0 WASHlNGTON VALLEY ROAD
PERSOIdAL COMlltJNICATIONS, LP 1 L
OUNT : USD 20.000.00
UNITED STATES DOLLARS) ('TWENTY THOUSAND AND 00/100
A
1
0 ?14311- -001-Ll-01-