f71~fliLi=2 N0, ~'il1%+
Fl~'F'F2fVF_ REF-.EGSING LETTEF2 OF GREI?7.(
F'P7L7M STRTE_ NRl-IC]NRL. Ea(ihdl: OF- WL'a l TFrFiB
Dr7 ti-~:.s t}7a ~'.utF7 day o'P R~-iy!~stY ~4?~12' ~_ipan motion made by'
C:c,mrn:~.=.:>:ioner Wi.ll:iaiins9 sec:oixaed by L"ummi=<<_ioner- Paldwin, tyre
Lo~_irt i_inanimo~_isly approved by a vote of 4-~--~D~ 'thc release o~f
Letter- oi' Cred:it Nu. Eir'~~=~>n_1.:~E3 ir-nn'i 'L-he ~tEite N:al,iorr<al F3arik ~rf
West Texas' and on behalf of E1i_u~yess Kerrville Corporation for-
lwtn Spr°inys Ranc:_I-r 1:I.
COMMISSIONERS' COURT AGENDA REQUEST
PLEASE FURNISH ONE ORGINAL AND NINE COPIES OF THIS REQUEST AND DOCUMENTS
TO BE REVIEWED BY THE COURT.
MADE BY: Franklin Johnston, P.E.
MEETING DATE: August 26.2002
OFFICE: Road & Bridge
TIME PREFERRED:
SUBJECT: (PLEASE BE SPECIFIC) Consider releasing Letter of Credit No. 88222138 from State
National Bank of West Texas on behalf of Burgess Kerrville Corporation for Twin Springs Ranch II.
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
NAME OF PERSON ADDRF.SSiNG THE COURT: Franklin Johnston/ Mr. Burgess
ESTIMATED LENGTH OF PRESENTATION: 10 minutes
[F PERSONNEL MATTER -NAME OF EMPLOYEE:
Time for submitting this request for Court to assure that the matter is posted in accordance with
Title 5, Chapter 551 and 552, government Code, is a follows:
Meeting scheduled for Mondays: 5:00 P.M. previous Tuesday
THIS REQUEST RECEIVED BY:
THIS REQUEST RECEIVED ON:
All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has
been prepazed for the Court's formal consideration and action at time of Court Meetings. Your cooperation
will be appreciated and contribute [owazds your request being addressed at the earliest opportunity. See
Agenda Request Rule Adopted by Commissioners' Court.
OOi10:2002 14:09 FAR 1 890 898 5593 H.RITfl.41v JOYS 'a1002~002
0~-?t-t00t 12aepD FrortTATE NATIONAL IANK 8087658tt0 T•Ott P 0021010 F-tt2
N~UNAL
~~K
To: Coumy of KeaT From: State National Bank of West Texa9
4010 San Antonio Hwy. PO Box 5240
Kerrville, T?f 78028 Lubbock, TX 79408
LETTER OF CREDIT N0.88222138
A DEPOSIT ON BEIIALF pF BlJRC3ESS KF.RRVII,LB CORPORATION. This is an
irrevocable letter of credit issued to you the County of Kerr, Texas, at the request of
BIJRt?ESS KERRVILLfi CORPORATION is accordance with Chapter S, V.T.C.A.,
Texas stroiness and Colarnorce cod..
The Bank proalises to pay to the order of the County of Kerr, State of Texas, upon
presmtation of a sift drag, any amount sot exceeding the cumulative total of
515,000.00 on or after November I, 2002.
This is not a notation credit, sad County of Kerr, Beneficiary shall be quilled to paymrnt
without rho presentation of documents.
"' In accordance with Section 5.106 if tha Texas Business and Coaunerce Code, this letter
of credit tray be modiSed by the r~edticdon of the total outstanding and caused amount of
the this credit, upon the execution and delivery to issuer of a swain stateuunt making
dcmatld by the County Engineer of Kerr County, air by anyone purporting to be his duly
authorized agent, and presenting a doctunent to that effect on Kert County letterhead.
17ris letter of credit shall sxpire on i\'ovember 1, 2002.
IN WTTIYESS WHEREOF, the Issuer has caused this letter to be signed and attested by
iu duly authorized officers} who bas attached proof of this authori2a8on to sign, and
sealed with the Issuer, this the I6`" day of April, 2002.
ISSUEIit
StatD N In B of West Texas
By: li
Name• Mike Walton
Tltlr. Coatmercfal Baakine OtY'iccr
1617 Breadw~y • PO Box 5240, Lubbock,T%79402. 80i 749-1850 • FAR D06 765.8430
e00 658.9895 • www,RatenaNam~bank.wm • MEmber FDIC • Lq~al How~iq Len4er