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A <br />Savings and Loan Company, subject to the condition that we <br />receive a guaranty from Broadview and from the issuing bank <br />that we will receive the 60 days' notice mentioned above; <br />and release the performance bond submitted by North Beach <br />Associates, Ltd. <br />Commissioner Eggert had a problem with a 3 -year extension <br />with only a 1 -year Irrevocable Standby Letter of Credit. <br />Attorney Barkett read the following amendment to the <br />irrevocable letter of credit, which was not received in time to <br />include in today's backup material. <br />FLORIDA NATI t° L BANK CABLE ADUHESS: <br />TEL.: <br />169 East Flagler Street TELEX: <br />SWIFT: <br />Miami, Florida 33131 <br />AMENDMENT TO OUR IRREVOCABLE LETTER OF CREDIT <br />ADVISING BANK <br />TO: <br />U2 <br />t <br />Q <br />U <br />O <br />a c <br />� o <br />z <br />Z <br />U <br />v o <br />_ <br />O < <br />O V <br />Q J <br />0 c <br />LL � <br />a <br />W <br />U w <br />U cc <br />a W <br />a <br />a O <br />z U <br />LL <br />y O <br />W <br />J m <br />�Q <br />s � <br />� a <br />s z <br />;o <br />L Q <br />BENEFICIARY <br />Indian River County <br />1840 25th Street <br />Vero Beach, Florida 32960 <br />GENTLEMEN: <br />DATE: April 23, 1987 <br />CREDIT NUMBER <br />OF ISSUING BANK OF ADVISING BANK <br />M-1559 <br />APPLICANT <br />Broadview Service Corporation <br />6000 Rockside Woods Boulevard <br />Cleveland, Ohio 44131 <br />OUR ABOVE CAPTIONED LETTER OF CREDIT IS HEREBY AMENDED AS FOLLOWS: <br />1. NEGOTIATION EXTENDED TO: <br />2. LATEST SHIPMENT DATE EXTENDED TO: <br />3. LETTER OF CREDIT INCREASED BY: <br />4. OTHER: This Letter of Credit Shall be automatically extended <br />for an additional period of one year from the present or each <br />future expiration date unless we have notified you in writing, <br />not less. than sixty (60) days before such expiration date, <br />that we elect no to renew this Letter of Credit,.Our notice <br />of such election shall be sent certified mail to the address, <br />Indian River County 1840 25th Street, Vero Beach, Florida <br />32960 and copy to the address of Broadview Service Corporation <br />6000 Rockside Woods Boulevard, Cleveland, Ohio 44131 Attention <br />Robert S. Waits, President. <br />35 �"S <br />