Ashton Ridge-CN 961016'' £111$T ££ ff /IL
October 16, 1996
' City of Coppell
P.O. Box 478
Coppell, TX 75019
Subject:
Guaranty Erosion and Sedimentation Contract
Code Ordinance ti91514 between M & l~ Development, lac.
aad City of Coppell
Gentlemen:
We hereby issue this Irrevocable Letter of Credit which is available against presentation of the
following documents.
WEST REGION
DENTON
ALLEN
DECATUR
1415 SOUTH FM 51
1. City of Coppell's draft at sight, drawn on Fkst Federal Savings B~nk of Texas, 302 South
Siemmons, Lewisville~ Texas 75067, if presented no later than ninety (90) days after October 31,
1998, therefore to be presented no later than Ianuary 31, 1999.
2. City of Coppell's statement datedno late~thanvi,ety (90) days after October 31, 1998,
that ~ M Development, Inc. has failed to fulfill obligations under Erosion and' Sedimentation
Contract Code Ordinmce g91514 City of Coppell up to but not exceedi,~ TWO THOUSAND
EIGHT HUlxlDI~'o FORTY AND 00/100 U.S. DOLLARS ($2,840.00) required under
Agreement be~xveen M & M Development, Inc. es Applicant, and City of Copper a copy of which
is attached hereto and made a pan hereof for all purposes but not later than ninety (90) days after,
October 3 l, 1998, therefore to be presented no later than lenua~ 3 I, 1999.
We hereby engage with City of Coppell, its successors and assigns, that in compliance with ~e
terms of this IrrevOcable Letter of Credit that such draft and documents w~U be duly honored
upon presentation to us.
Sincerely,
KELLER '
LEWIEVILLE [J2alce Massey ~J
~ So,tm sr~N~o,~eni°r Vice President
PILOT POINT