What is the Irrevocable Standby Letter of Credit for?

It sets out a bank’s standby letter of credit in favor of the City of Cedar Park for a named project, including the amount, payment terms, and exhibits for drawing funds.

Who completes this letter-of-credit template?

The template identifies the property owner or applicant and the issuing bank. The bank’s authorized representative signs the letter.

Do I need a notary for the Irrevocable Standby Letter of Credit?

No. The document is signed by the bank’s authorized representative without a notary, and it includes no sworn or notarized attachment.

How do I submit the Irrevocable Standby Letter of Credit?

The document does not give submission instructions for the letter itself. Submit it to the city department named on the form and check the city website for current contact details.

Cedar Park, TX · Williamson County

No notary required

Irrevocable Standby Letter of Credit

This letter-of-credit template is completed by a bank for a property owner or applicant to provide the City of Cedar Park with project-related financial security.

What this form is

The template establishes an irrevocable standby letter of credit in favor of the City of Cedar Park for a named project, with an amount stated as 110% of the subdivision improvement cost estimate. It identifies the applicant, property, bank, payment terms, and expiry and extension provisions, and includes exhibits for a sight draft and drawing certificate. The document does not state when the city requires it.

Who needs it

A property owner or applicant whose project needs this letter of credit can provide the template to the issuing bank to complete.

How to submit it

Submit it to the city department named on the form; check the city website for current contact details.

About notarization

This document is signed without a notary; the bank’s authorized representative signs it, and the form includes no sworn or notarized attachment.

How to submit this form

1
Download The Template
Download the Irrevocable Standby Letter of Credit PDF.
2
Complete The Letter
Have the bank complete the issuer, applicant, property, amount, expiry, and contact information, and sign through an authorized representative.
3
Review The Exhibits
Review the included sight draft and drawing certificate exhibits.
4
Submit To The City
Submit the completed letter to the city department named on the form; check the city website for current contact details.

Frequently asked questions

What is the Irrevocable Standby Letter of Credit for?: It sets out a bank’s standby letter of credit in favor of the City of Cedar Park for a named project, including the amount, payment terms, and exhibits for drawing funds.
Who completes this letter-of-credit template?: The template identifies the property owner or applicant and the issuing bank. The bank’s authorized representative signs the letter.
Do I need a notary for the Irrevocable Standby Letter of Credit?: No. The document is signed by the bank’s authorized representative without a notary, and it includes no sworn or notarized attachment.
How do I submit the Irrevocable Standby Letter of Credit?: The document does not give submission instructions for the letter itself. Submit it to the city department named on the form and check the city website for current contact details.

Need something notarized?

This Irrevocable Standby Letter of Credit doesn’t need a notary — but Texas residents can notarize other documents online with a commissioned online notary.