Toronto · Fees and chargeswritten
Published by City of Toronto under Rental Institutional Development Charges
The City of Toronto's approved form of irrevocable standby letter of credit, drafted on bank letterhead and addressed to the City of Toronto, Revenue Services Division at 5100 Yonge Street. It is linked from the rental and institutional development charges page, and is given for the obligations of the customer under City of Toronto Bylaw No. 1423-2007. The wording covers partial drawings, written demand payable to the Treasurer, honouring by the second business day, and automatic year-to-year extension unless the bank gives ninety days' notice.
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