Attachment D - Irrevocable Letter of Credit Sample~13.pdf

PDF 100 KB Posted

Attached to
24AL2472 Burning Star S. F. W. A. Farm Lease
Solicitation number
24-422DNR-REALT-B-39077
Issued by
Jackson 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. It establishes a letter of credit for up to $xxxxxx.xx to cover the cash rent and real estate taxes for a property lease. The letter of credit is valid until December 31, 2024, for the 2024 cash rent, and until February 15, 2026, for the 2024 real estate taxes due and payable in 2025.

The related state and local contract opportunity is for agricultural farming services on State-owned property located within the Burning Star State Fish and Wildlife Area in Jackson County, Illinois. The contract term is not specified. The Invitation for Bid provides detailed information on the locations and acreage available for leasing.

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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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