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Home My WebLink AboutCambridge Augusta Richmond GA DOCUMENT NAME: Q{) ~\('tJ:\d9JU DOCUMENT TYPE: YEAR: tJ:) BOX NUMBER: \ 5 FILE NUMBER: \ ~\l9-0 NUMBER OF PAGES: ~ .. SunTrust Bank, Augusta .Mail Code CE / Post Office Box 927 Augusta. GA 30903-0927 Tel (706) 821-2248 Richard H. Peacock Executive Vice President SUNTRUST IRREVOCABLE LETTER OF CREDIT NUMBER: 4-2000 DA TE: June 2, 2000 AMOUNT: $75,000.00 MATURITY: June 2, 2001 TO: The Richmond County Planning Commission 530 Greene Street, Room 701 Augusta, Georgia 30911 RE: Nordahl & Company, Inc. 3683 Wheeler Road Augusta, GA 30909 Gentlemen: RE: Cambridge - Section One We hereby establish our Irrevocable Letter of Credit # 4-2000 in your favor for Nordahl & Company, Inc. and thereby undertake to honor your drafts at sight on us after June 2, 2000 not exceeding in the aggregate $75,000.00. Each such draft must be accompanied by the following documents: 1. A written certificate executed by the appropriate and authorized Richmond County government staff stating that Nordahl & Company, Inc. has failed to make the required improvements within the term of the attached Performance Guarantee and that the amount of said draft represents the actual amounts of funds due,you as a result of his failure to perform as contracted. 2. All drafts drawn under this credit must be marked "Drawn under SunTrust's Letter of Credit 4-2000, dated June 2, 2000." This credit is valid until June 2, 2001. Drafts drawn hereunder, if accompanied by documents as specified above, will be honored if presented to Sun Trust on or before said dated at 801 Broad Street, Augusta, Georgia 30901. It is further understood and agreed that when the required improvements have been approved for conformity by Richmond County Council, this Letter of Credit shall be released and returned. In addition, when any portion of the required improvements has been completed and approved, the Letter of Credit may be reduced by an amount commensurate with the cost of these completed improvements. In no event shall the Letter be reduced below $75,000.00. Except as otherwise expressly stated herein, this credit is subject to the "Uniform Customs and Practice for Documentary Credit," ICC Publication 500,1993 Revision. SUNTRUST BANK, AUGUSTA 12J/ ;I U Richard H. Peacock Executive Vice President . .'. I STATE OF GEORGIA ) , ) C~UNTY OF RICHMOND ) PERFORMANCE GUARANTEE KNOW ALL MEN BY THESE PRESENTS that we, Nordahl & Company. Inc. . as principal are held and firmly bound unto Richmond County, Georgia, as obligee, in the sum of $75.00.00.. For payment whereof to the obligee, the principal binds itself, it heirs, executors, administrators, successors and assigns, jointly and severally, firn1ly to these presents: Signed, sealed, and dated, this ~ day of June. 2000. WHEREAS, application was made to the obligee for approval of a subdivision shown on plat entitled "Cambridge - Section One. dated April 13. 2000. and filed with the Augusta-Richmond County Planning Commission, and said final plat was approved upon certain conditions, one of which is that a perforn1ance guarantee in the amount of$75.000.00 be filed with Augusta-Richmond County Planning Commission to guarantee certain improvements in said subdivision. NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION is such that if the above - named principal shall, within ~ from the date hereof (in no case shall the performance guarantee be valid for less than six months or more than one year), truly make and perform the required improvements and construction of the public improvements in said subdivision in accordance with Richmond County specifications, then this obligation will be void, provided that all of the necessary documentation as is required by the Richmond County Code of Ordinance for the improvements to be accepted into the County system have been completed and approved by the appropriate Richmond County staff. It is hereby understood and agreed that in the event any required improvements have not been installed within the term of the Performance Guarantee or the necessary documentation has not been completed and approved for the improvements to be accepted into the County system, the Richmond County Planning Commission or the appropriate Richmond County government staff may thereupon declare this guarantee to be in default and collect the sum remaining payable thereunder, and upon receipt of the proceeds thereof, Richmond County shall install such improvements as are covered by the guarantee. It is further understood and agreed that when provision of the Richmond County Code of Ordinances have been complied with and documents approved by the County Councilor by the appropriate Richmond County government staff, the guarantee shall be released and returned. In addition, if any portion of the required improvements is completed by the principal and approved by the appropriate Richmond County government staff, a portion of the guarantee commensurate with the cost of these completed improvements may be released and returned. In no event shall a performance guarantee be reduced below twenty-five (25%) percent of the principal amount until all improvements have been approved by the appropriate Richmond u g staff. #J 711' t!t!t1(L.s.) ~d9W Wltne ses ~~o . o :., ,... -.: = ": , N~W' COMM. J SSIO^ f'~Pu..eJ' c- Z?-Z-aCJ"3 The Surety as specified herein shall be a Corporated Surety licensed to do business in the State of Georgia. In lieu thereof, the Principal may post a cash bond or an irrevocable letter of credit from a bank licensed to do business in the State of Georgia or any federally insured lending institution. ,. ~ . . . . ' -~-"""-'-'-'-r""""'l' '_' _.J ~i ! '" ,. . .. .....-...,...,.... .".", 1 JO R W VICINITY MAP .-..... ......_----.......... .J -/ ..,...., . SUBDIVISION: Cambridge, Section I RESOLUTION ADDING ROAD TO THE AUGUSTA-RICHMOND COUNTY ROAD SYSTEM Manchester Drive is an existing road in WHEREAS, Richmond County, Georgia, open to public usage; and WHEREAS, Richmond County desires to make Manchester Drjve a part of its County Road System. NOW, THEREFORE, BE IT RESOLVED by the Augusta- Richmond County Commission-Council of Richmond County, Georgia, that Manchester Drive is hereby added to its official County Road System of Record, being described as follows and as shown on the attached sketch map or plat showing the approximate alignment and location of said Road. (a) Points of beginning and ending: Beginning at Tobacco Road Extending approx. 2,025' N & then NE (b) Length of road to nearest 1/100th mile: 0.38 mile (c) Width & type of road surface: 31' from back of curb to back of curb; type E asphalt surface (d) Right-of-Way: 80' foot The Augusta-Richmond County Commission-Council is hereby directed to forward a certified copy of this resolution to: Georgia Department of Transportation, Road Inventory Section District 2, Post Office Box 8, Tennille, Georgia 31089. Adopted this ~ day of ~ .Y1'-.2.lJO I AUGUST - ~;~I S Attest'~~ '-, .. , .. '. SUBDIVISION: Cambridge, Section I RESOLUTION ADDING ROAD TO THE AUGUSTA-RICHMOND COUNTY ROAD SYSTEM WHEREAS, Warwick Place is an existing road in Richmond County, Georgia, open to public usage; and WHEREAS, Richmond County desires to make Warwick Place a part of its County Road System. NOW, THEREFORE, BE IT RESOLVED by the Augusta- Richmond County Commission-Council of Richmond County, Georgia, that Warwick Place is hereby added to its official County Road System of Record, being described as follows and as shown on the attached sketch map or plat showing the approximate alignment and location of said Road. (a) Points of beginning and ending: Beginning at Manchester Drive Extending approx. 150' SE (b) Length of road to nearest 1/100th mile: 0.03 mile (c) Width & type of road surface: 31' from back of curb to back of curb; type E asphalt surface (d) Right-of-Way: 60' foot The Augusta-Richmond County Commission-Council is hereby directed to forward a certified copy of this resolution to: Georgia Department of Transportation, Road Inventory Section District 2, Post Office Box 8, Tennille, 31089. Adopted this JftJ day of ~~ ~ .2IOl. Georgia ~:i~~~~~~ 'ff Mayor Attest, ~~ , -,-, ;' . SUBDIVISION: Cambridge, Section I RESOLUTION ADDING ROAD TO THE AUGUSTA-RICHMOND COUNTY ROAD SYSTEM WHEREAS, Thames Place is an existing road in Richmond County, Georgia, open to public usage; and WHEREAS, Richmond County desires to make Thames Place a part of its County Road System. NOW, THEREFORE, BE IT RESOLVED by the Augusta- Richmond County Commission-Council of Richmond County, Georgia, that Thames Place is hereby added to its official County Road System of Record, being described as follows and as shown on the attached sketch map or plat showing the approximate alignment and location of said Road. (a) Points of beginning and ending: Beginning at Manchester Drive Extending approx. 160' SE (b) Length of road to nearest 1/100th mile: 0.03 mile (c) Width & type of road surface: 31' from back of curb to back of curb; type E asphalt surface (d) Right-of-Way: 60' foot The Augusta-Richmond County Commission-Council is hereby directed to forward a certified copy of this resolution to: Georgia Department of Transportation, Road Inventory Section District 2, Post Office Box 8, Tennille, 31089. Adopted this ~ day of ~ ~..1lm} . Georgia Attest: AUGUSTA- ~fMMISS C/U;~~/ ~ " . . . ." ,P II <:) e - <:) - - - - TOBACCO ROAD 130' R/W If;;' ~! ([) I ~111111i 'Ill =~ I Ri!llWll1ll I ~!581~ I ~ ;!!~n !I, I ;II!II~ el, 1~:I,~e~h .. ~ D - ------------------------------------------ . r~.-.~.T.~.-.~.-.~.-.~.-.~.-.~~=~---------N~~ \Ir- ~._.~.-.~: I', \, i< lit \L ~ ~ ,l e ~ t. i lit" 1\ ...:c , . II, ...~ , IIIU _, ...0 \. -... 1\ olla I. ... \\ ... I .. , Q . .. I - \ r L I I :II! 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