Brampton · Declarationswritten

Irrevocable Standby Letter of Credit Template – Subdivision Agreements

Published by City of Brampton under Securities

Alias
Letter of Credit Subdivision
Agencies
Regional Municipality of Peel
Valid for
One year from date of issue
Applies to
builder

The City of Brampton's irrevocable standby letter of credit template for subdivision agreements — the one of the City's four templates naming a subdivision agreement among the applicant, the Corporation of the City of Brampton and the Regional Municipality of Peel, with the land description and 21T file number. It opens with return instructions to the development administration analyst in Finance and a note to the bank manager on acceptable wording, then the standby credit text, one-year automatic renewal, and the letters of credit corporate policy note.

What it covers

  • Note to the Bank Manager
  • Note to the Authorized Signing Officer
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Publisher
City of Brampton
Category
Declarations
Published under
Securities — the municipality's own heading
Form ref
Letters of Credit Corporate Policy (Policy No. 13.7.0)
Submit to
Development Finance Division, Finance Department, 2nd floor City Hall
Covers note
A template letter with two printed notes around it; the credit itself is continuous letter text with blank fields.
Instruments
Bank Act, S.C. 1991, c. 46
Signatories
authorized signing officer
Required for
Security posted in connection with a subdivision agreement
Tags
letter-of-creditsecuritysubdivision
Irrevocable Standby Letter of Credit Template – Subdivision AgreementsOpen at brampton.ca

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