ORDER NO. 30668
LETTER OF CREDIT #8014 FOR MAINTENANCE OF ROADS IN LASSO
RANCH SUBDIVISION
Came to be heard this the 27th day of December, 2007, with a motion made by
Commissioner Letz, seconded by Commissioner Oehler. The Court unanimously
approved by vote of 4-0-0 to:
Accept the Letter of Credit #8014, in the amount of $72,000.00, to expire on
December 26, 2008, for Maintenance of Roads in Lasso Ranch Subdivision,
Precinct 3.
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COMMISSIONERS' COURT AGENDA REQUEST
3a b 6 8'
PLEASE FURNISH ONE ORIGINAL AND TEN COPIES OF THIS REQUEST AND DOCUMENTS
TO BE REVIEWED BY THE COURT.
MADE BY: Jonathan Letz, Commissioner Pct. 3 OFFICE: Road & Bridge
MEETING DATE: December 27, 2007 TIME PREFERRED:
SUBJECT• (PLEASE BE SPECIFIC)• Consider, discuss and take appropriate action to accept Letter
of Credit # 8014 for Maintenance of Roads in Lasso Ranch Subdivision, Pct. 3
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
NAME OF PERSON ADDRESSING THE COURT: Jonathan Letz
ESTIMATED LENGTH OF PRESENTATION: 3 minutes
IF 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 SS I 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 prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation
will be appreciated and contribute towards your request being addressed at the earliest opportunity. See
Agenda Request Rule Adopted by Commissioners' Court.
reg3
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TO: COMMISSIONERS COURT
FROM: Jonathan Letz, Commissioner Pct. 3
DATE: December 14, 2007
RE: Accept Letter of Credit for Maintenance of Roads in Lasso Ranch Subdivision
The Letter of Credit # 8014 for $100,000.00 for Construction of New Roads in Lasso Ranch
Subdivision expires today (December 27, 2007).
In its place we need to accept another Letter of Credit No. 8014 to expire December 26, 2008 for
$72,000.00 for the maintenance of the roads in Lasso Ranch Subdivision.
lasso
SECURITY STATE ~A11TK ANI~ TRUST
P.O. Box 220.832 Front St. • Comfort, TX 78013 • (830) 995-4488 • Fax (830j 995-4455 ,/- -----~
www.ssbtexas.com ~.. > ``-
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TO: COUNTY OF KERB FROM: SECURITY STATE BANK & TRUST
4010 SAN ANTONIO HWY P.O. BOX 220
KERRVILLE, TEXAS 78028 COMFORT, TEXAS 78013
LETTER OF CREDIT NO # 8014
Construction of New Roads, Streets, Utilities and Alleyways
In
Lasso Ranch Subdivision
A DEPOSIT ON BEHALF OF 210 Blanco Ranch Limited Partnership. This is an irrevocable letter of
credit issued to you the County of Kerr, Texas, at the request of Dale A. Crenwelge, in accordance with
Chapter 5, V.T.C.A., Texas Business and Commerce Code.
This Bank promises to pay to the order of the Kerr County, Texas, upon presentation of a sight draft, any
amount not exceeding the cumulative total of $100,000.00 on or after December 27, 2006.
This is not a notation credit, and Kerr County, Beneficiary shall be entitled to payment without the
presentation of documents.
In accordance with Section 5.106 if the Texas Business and Commerce Code, this letter of credit may be
modified by the reduction of the total outstanding and unused amount of this credit, upon the execution and
delivery to issuer of a sworn statement making demand by the County Engineer of Kerr County, or by
anyone purporting to be his duly authorized agent, and presenting a document to that effect on Kerr County
letterhead.
This letter of credit shall expire on December 27, 2008.
IN WITNESS WHEREOF, the Issuer has caused this letter to be signed and attested by its duly authorized
officer(s) who has attached proof of this authorization to sign, and sealed with the Issuer, this the 27th day of
December 2006.
ISSUER:
SECURITY STATE BANK & TRUST
COMFORT, ERAS 78013
BY: JEFF OLD .VICE PRESIDENT
Signatu
Fredericksburg • Kerrville • Harper • Kingsland • Marble Falls • Boerne • Bulverde • C t • Paleface • Blanco • Dripping Springs • Lago Vista • Ingram
MEMBER FDIC
2007-12-14 p3:Z5PM FROM-SECURITY STATE BANK COMFORT 1 B30 995 4455 T-775 P.002/002 F-163
P.O. Bax 220.832 Frost 5t. ~ Comfort, Texas 78013 • (830) 995-44$$ • Fax (830) 995-4455 -r
J ..1..
_,-~ _
7'O; COUNTY OF KERB FROM: SECURITY STATE SANK & TRUS"I'
4010 SAN ANTONIGO HWY P.O. BOAC 220
KERRVY)I..EE, TEXAS 78028 COMTOTtT, TEXAS '78013
LETTER OF CREDIT NO # 8014
Maintenance of Roads, Sweets, and Alleyways
In
~.asso Ranch Subdivision
A DEPOSYT ON BEHALI' OF 210 Blanco Ranch Limited Partnership. This is an irrevocable letter of
credit issued to the County of Kerr, Texas, at the request of Kerr County, in accordance with Chapter 5,
V.T.C.A., Texas Business and Commerce Code.
This Bank promises to pay to the order of the Kerr County, Texas, upon presentation of a sight draft, any
amount not exceeding the cumulative total of $72,000.00 on or after December 27, 2007.
This is not a notation Credit, and Kerr County, Beneficiary shall be entitled to payment without the
presentation of documents.
In accordance with Section 5.106 of the Texas Business and Commerce Code, this letter of credit may be
modified by the reduction of the total outstanding and unused amount of this credit, upon the execution and
delivery to issuer of a sworn statement making demand by the Subdivision Administrator of I~err County, or
by anyone purporting to be his duly authorized agent, and presenting a document to that effect on Kerr
County letterhead.
This lettez~ of credit shall expire on December 26, 2008.
IN WITNESS WHEREOF, the Issuer has caused this letter to be sided and attested by its duly authorized
ofFiccr(s} who has attached proof of this authorization to sign, and sealed with the Issuer, this the 14th day of
December 2007.
ISSUER:
SECURITY STATE BANlt & TRUST
COMFORT, TEXAS 78013
BY: JEFF GOLDMAN, SR. VICE PRESIDENT
Signature:
Fredericksburg • Kerrville • Harper • KingsEBnd • Marble Fa11s • Boerne • Bulvorde • Comfort • Paleface • Blanco • Dripping Springs
MEMBER FDIC