Attachment D - Irrevocable Letter of Credit Sample~1.pdf

PDF 100 KB Posted

Attached to
24AL2095 Shelbyville S. F. W. A. Farm Lease
Solicitation number
24-422DNR-REALT-B-39133
Issued by
Mercer County, Illinois

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Written by GovTribe AI ·

This document is an Irrevocable Letter of Credit sample from the State of Illinois Department of Natural Resources Office of Realty & Capital Planning/Concession & Leasing. It establishes a letter of credit on behalf of an unnamed party for the payment of cash rent and real estate taxes related to a state-owned property. The letter of credit provides authorization for the State of Illinois to draw up to a specified amount for the 2024 cash rent, due by December 31, 2024, and an estimated amount for the 2024 real estate taxes due and payable in 2025, with an expiration date of February 15, 2026.

The related state and local contract opportunity is for agricultural farming services on State-owned property located within the Shelbyville State Fish and Wildlife Area in Moultrie County, Illinois. The Illinois Department of Natural Resources is seeking bids for this 24AL2095 Shelbyville S.F.W.A. Farm Lease opportunity. The document does not provide additional details on the specific products, services, quantities, response requirements, or contract term.

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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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