Attachment D - Irrevocable Letter of Credit Sample.pdf

PDF 100 KB Posted

Attached to
24AL2094 Shelbyville S. F. W. A. Farm Lease
Solicitation number
24-422DNR-REALT-B-39132
Issued by
Morgan County, Illinois

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Written by GovTribe AI ·

This document is an Irrevocable Letter of Credit "Sample" provided by the State of Illinois Department of Natural Resources Office of Realty & Capital Planning/Concession & Leasing. The letter establishes an irrevocable letter of credit for the payment of cash rent and real estate taxes for a state-owned property located within the Shelbyville State Fish and Wildlife Area. The letter authorizes the state to draw on the letter of credit for the 2024 cash rent due by December 31, 2024, and the 2024 real estate taxes due and payable in 2025 by February 15, 2026.

The related state and local contract opportunity is for agricultural farming services on the state-owned property located within the Shelbyville State Fish and Wildlife Area. The Illinois Department of Natural Resources is seeking bids for this opportunity, with detailed location and acreage information provided in the attached Invitation for Bid (IFB). The contract is for the state of Illinois, specifically Moultrie County.

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Attachment D Irrevocable Letter of Credit “Sample”

State of Illinois IFB Contract: Rate of Chemical and Fertilizer Forms V.23.4

State of Illinois Department of Natural Resources Office of Realty & Capital Planning/Concession & Leasing One Natural Resources Way Springfield, IL 62702

RE: Irrevocable Letter of Credit Number:

Date:

Expiration Date:

Gentlemen:

We hereby establish in your favor our Irrevocable Letter of Credit No. for the following specific payment:

1. The sum of \ cash rent.

2. Up to the sum of for Real Estate Taxes, penalties and interest.

We hereby authorize you to draw on us for the account of up to an amount of with an expiration date of December 31, 2024, for the 2024 CASH RENT and an estimated amount of with an expiration date of February 15, 2026 for the 2024 REAL ESTATE TAXES due and payable in 2025.

Available by your draft(s) at sight accompanied by the following documents:

1. Your signed statement certifying "The amount drawn represents sums owed by

2. Draft(s) drawn under this credit must be marked:

Drawn under the Bank Letter of Credit No. dated , 202 .

We hereby agree with you that all draft(s) drawn under and in compliance with the terms of this credit will be duly honored on delivery of documents as specified if presented at this office on or before December 31, 2024, for the 2024 CASH RENT and payments on or before February 15, 2026 for the 2024 REAL ESTATE TAXES due and payable in 2025.

Sincerely,

Items that Qualify and Explanation: Click here to enter text
ACCEPTABLE SERVICES IN LIEU OF CASH PAYMENTS

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