evansville-staff-field-report-for-sheffer-seib-road-extension_24b.pdf
Bank Letter of Credit Secures Subdivision Improvements
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Description
First Financial Bank, NA provides an irrevocable $71,030.84 letter of credit to secure basic public improvements for the Sheffer-Seib Road Minor Subdivision. The instrument, benefiting the Evansville-Vanderburgh County Area Plan Commission, automatically renews annually unless cancelled.
Contract Details
Contract Amount
$71,030.84
Vendor
FIRST FINANCIAL BANK NA
Agency
City of Evansville, IN
Contract Type
FINANCIAL_SERVICES
Document Date
October 30, 2025
Contract Term
Initially issued November 15, 2022, automatically extended for successive one-year periods unless cancelled
Renewal Date
2026-11-15
Renewal Info
The letter of credit is automatically extended for successive one-year periods from its November 15, 2022 issue date unless the bank issues a cancellation notice; a one-year extension of the surety is specifically requested in the field report.
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