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Home My WebLink AboutBonding, Signing Recording Final Platr; ! - :a - g CITY OF + .N ��YlG�l�l'I FEB 14 2006 IDAHO j F cF �ER �u` TREASURE V NAY SINCE 1903 MAYOR Tammy de Weerd CITY COUNCIL MEMBERS Keith Bird Joseph W. Borton Charles M. Rountree Shaun Wardle CITY DEPARTMENTS City Attorney/HR 703 Main Street 898-5506 (City Attorney) 898-5503 (HR) Fax 884-8723 Fire 540 E. Franklin Road 888-1234/fax 895-0390 Parks & Recreation 11 W. Bower Street 888-3579/fax 898-5501 Planning 660 E. Watertower Lane Suite 202 884-5533 / fax 888-6844 Police 1401 E. Watertower Lane 888-6678/fax 846-7366 Public Works 660 E. Watertower Lane Suite 200 898-5500/fax 895-9551 - Building 660 E. Watertower Lane Suite 150 887-2211/fax 887-1297 - Wastewater 3401 N. Ten Mile Road 888-2191 / fax 884-0744 - Water 2235 N.W. 8th Street 888-5242 / fax 884-1159 January 30, 2006 Paramount Development 12601 W Explorer Ste 200 Boise ID 83713 RE: PARAMOUNT #9 Sewer & Water Construction Dear Sirs: Installation of this project's sanitary sewer and/or domestic water systems has been satisfactorily completed in accordance with the approved plans. These systems have passed the required tests, in accordance with City of Meridian Standard Specifications and Drawings, and are hereby accepted by the City for ownership and maintenance. Record drawings submitted to us for this project are also accepted and are being forwarded to the Idaho Department of Environmental Quality. The engineer of record is responsible for certification of the record drawings as to horizontal and vertical location of all public water and sewer facilities installed. The City of Meridian hereby certifies that materials used and construction methods were in accordance with City of Meridian specifications. In accordance with City of Meridian Standard Specifications and Drawings, the installation and materials of the sewer and domestic water systems are to be warranted against defect by the contractor for a period of one year from the date of this letter Since 1 Lenard A Grady, P.E. City Engineer, Public Works cc. City Clerk, Water Division, Wastewater Division, File Engineering Northwest DEQ CITY HALL 33 EAST IDAHO AVENUE MERIDIAN, IDAHO 83642 (208) 888-4433 CITY CLERK— FAX 888-4218 FINANCE & UTILITY BILLING —FAX 887-4813 MAYOR'S OFFICE— FAX 884-8119 Printed on recycled paper ice-, ' 0 OF �I IDAHO TREASURE V1 SINCE isss MAYOR Tammy de Weerd CITY COUNCIL MEMBERS Keith Bird Joseph W. Borton Charles M. Rountree Shaun Wardle CITY DEPARTMENTS City Attorney/HR 703 Main Street 898-5506 (City Attorney) 898-5503 (HR) Fax 884-8723 Fire 540 E. Franklin Road 888-1234 / fax 895-0390 Parks & Recreation 11 W. Bower Street 888-3579/fax 898-5501 Planning 660 E. Watertower Lane Suite 202 884-5533/fax 888-6844 Police 1401 E. Watertower Lane 888-6678/fax 846-7366 Public Works 660 E. Watertower Lane Suite 200 898-5500/fax 895-9551 - Building 660 E. Watertower Lane Suite 150 887-2211/fax 887-1297 - Wastewater 3401 N. Ten Mile Road 888-2191 / fax 884-0744 - Water 2235 N.W. 8th Street 888-5242/fax 884-1159 February 3, 2006 Ms. Janet Joireman U.S. Bank National Association International Dept., WWH-277 1420 Fifth Avenue, 9th Floor Seattle, WA 98101 206-344-2398 fax 206-344-5369 Re: Return Letter of Credit for Paramount Subdivision # 9 for Paramount Development, Inc. After a site inspection and review of Paramount Subdivision # 9 by the Planning Department and the Public Works Department, it has been determined to release the original Letter of Credit of $183,665.08 to you for the completion of sewer, water, street lights, fencing, pressurized irrigation and gravity irrigation. Please use this letter as authorization for U. S. Bank to release the Irrevocable Letter of Credit No. SLCSSEA02306. If you have any questions please contact me. Thank you for your cooperation. Sincerely William G. Berg, Jr. City Clerk Enclosure CITY MALL 33 EAST IDAHO AVENUE MERIDIAN, IDAHO 83642 (208) 888-4433 CITY CLERK -FAX 888-4218 FINANCE & UTILITY BILLING -FAX 887-4813 MAYOR'S OFFICE- FAX 884-8119 Printed on recycled paper rM,.Abank. Five Sw Service G".=M 't* U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 U.S.A. PHONE: 206-344-2398 FAX: 206-344-5078 ------------------------------------- IRREVOCABLE STANDBY LETTER OF CREDIT SEPTEMBER 28, 2005 BENEFICIARY: APPLICANT: CITY OF MERIDIAN PARAMOUNT DEVELOPMENT, INC. 660 EAST WATERTOWER, SUITE 200 12601 W. EXPLORER DR., SUITE 200 MERIDIAN, ID 83642 BOISE, ID 83713 ATTN: BRAD WATSON LETTER OF CREDIT NUMBER: SLCSSEA02306 EXPIRY DATE: SEPTEMBER 28, 2006 AT: OUR COUNTERS PRESENTLY LOCATED AT 1420 FIFTH AVENUE, 9TH FLOOR, INTERNATIONAL DEPARTMENT, SEATTLE, WA, 98101 ON OR BEFORE 5:00 P.M. OR AT 101 S. CAPITOL BLVD, 8TH FLOOR, SUITE 814, AND ATTN: GARY DEGRANGE, BOISE, ID 83702 AT 5:00 P.M. BOISE TIME. --------------------------------- AMOUNT U.S. $183,665.08 NOT EXCEEDING: ONE HUNDRED EIGHTY THREE THOUSAND SIX HUNDRED SIXTY FIVE AND 08/100 U.S. DOLLARS WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE BY YOUR DRAFT(S) DRAWN AT SIGHT ON U.S. BANK NATIONAL ASSOCIATION AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 1. A STATEMENT PURPORTEDLY SIGNED BY AN AUTHORIZED INDIVIDUAL OF THE BENEFICIARY STATING THAT THE AMOUNT OF DRAFT DRAWN REPRESENTS FUNDS DUE THE CITY OF MERIDIAN DUE TO THE FAILURE OF PARAMOUNT DEVELOPMENT, INC. TO COMPLETE THE SEWER, WATER, GRAVITY IRRIGATION, PRESSURIZED IRRIGATION, STREET LIGHTS, AND FENCING IN PARAMOUNT SUBDIVISION NO. 9. 2. THE ORIGINAL OF THIS LETTER OF CREDIT, INCLUDING ANY AMENDMENTS, MUST BE SUBMITTED TO THE BANK FOR OUN ENDORSEMENT OF ANY PAYMENTS EFFECTED BY US AND/OR FOR CANCELLATION. ADDITIONAL CONDITIONS: 1. PARTIAL DRAWINGS ALLOWED 2. ALL BANKING CHARGES OTHER THAN THOSE OF THE ISSUING BANK ARE FOR ACCOUNT OF THE BENEFICIARY. DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE: "DRAWN UNDER U.S. BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO. SLCSSEA2306". THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". THIS PAGE I FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02306 bank® Five Star Service Guaranteed WE HEREBY ENGAGE WITH YOU THAT DRAFT(S) DRAWN AND/OR DOCUMENTS PRESENTED UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY HONORED UPON PRESENTATION TO US. DRAFT(S) AND DOCUMENTS MUST BE PRESENTED TO OUR OFFICE AT U.S. BANK NATIONAL ASSOCIATION, INTERNATIONAL DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, OR AT 101 S. CAPITOL BLVD., BS-ID-CB8, 8TH FLOOR, SUITE 814, BOISE, IDAHO 83702, ATTN: GARY DEGRANGE IN PERSON, OR BY OVERNIGHT COURIER, ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT. U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL BANKING DIVISION Y d 90---f 1AUTHO ED SIGNATURE Jami Joireman Asst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02306 SURETY SPREADSHEET Project Name: Date Compiled: Letter of Credit/Bond No.: Issued By: Expiration Date: Check No.: Item Paramount #9 11/2/2005 SLCSSE02306 US Bank 9/28/2006 Unfinished Partial Surety Party Responsible For Sign -Off Date Signed Off/ Person Comments Sanitary Sewer -internal $45,594.50 $4,559.45 $50,153.95 Public Works 1/9/06 MJ Sanitary Sewer -offsite $0.00 $0.00 Water -internal $66,735.25 $6,673.53 $73,408.78 Public Works 1/9/06 MJ Water- Offsite $0.00 $0.00 Public Works Street Lights $5,706.00 $570.60 $6,276.60 Building 11/28/05 VH Landscaping $0.00 $0.00 $0.00 PZ Pathways $0.00 $0.00 $0.00 PZ Fencing $12,880.00 $1,288.00 $14,168.00 PZ 11/18/05 CH Tiling $0.00 $0.00 PZ Pressurized Irrigation $12,901.00 $1,290.10 $14,191.10 PW 10/4/05 MJ Gravity Irrigation $23,151.50 $2,315.15 $25,466.65 PW 10/4/05 MJ Other: $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00, TOTAL: $166,968.25 $16,696.83 1/30/006 READY TO RELEASE IN FULL KG $183,665.08 Page 1 of 1 Will Berg From: Karie Glenn Sent: Monday, January 30, 2006 10:43 AM To: Will Berg Subject: Release LOC - Paramount #9 Attachments: Paramount #9.xls attached detail sheet -- LOC ready to be released 1/30/2006 RECEIVED NOV -1 2005 City of Meridian City Clerk office Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Karie, P & Z Staff Date: 11/1/05 Re: Paramount #9 I have signed the plat for the above project and am forwarding it to you for your signature. Based on our research of the project files, all conditions imposed by the Public Works Department and City Council have been met. I am also forwarding original letter of credit No. SLCSSE02306 (US Bank — dated 9/28/05) for $183,665.08. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Engineering Northwest at 376-5000 when the plat is ready to be picked up. Please call me if you have any questions. Thank you. 0 Page 1 From the desk of .. Lenard A Grady, P.E. City Engineer Meridian Public Works Department 660 E. Watertower lane, Suite 200 Meridian, Idaho 83642 (208)898-5500 Fax: (208) 898-9551 gradylAmerdiancity.org banks Five Stu' Service Guaranteed U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 U.S.A. PHONE: 206-344-2398 FAX: 206-344-5078 IRREVOCABLE STANDBY LETTER OF CREDIT SEPTEMBER 28, 2005 BENEFICIARY: APPLICANT: CITY OF MERIDIAN PARAMOUNT DEVELOPMENT, INC. 660 EAST WATERTOWER, SUITE 200 12601 W. EXPLORER DR., SUITE 200 MERIDIAN, ID 83642 BOISE, ID 83713 ATTN: BRAD WATSON LETTER OF CREDIT NUMBER: SLCSSEA02306 EXPIRY DATE: SEPTEMBER 28, 2006 AT: OUR COUNTERS PRESENTLY LOCATED AT 1420 FIFTH AVENUE, 9TH FLOOR, INTERNATIONAL DEPARTMENT, SEATTLE, WA, 98101 ON OR BEFORE 5:00 P.M. OR AT 101 S. CAPITOL BLVD, 8TH FLOOR, SUITE 814, AND ATTN: GARY DEGRANGE, BOISE, ID 83702 AT 5:00 P.M. BOISE TIME. ------------------------------------------------------------------------------------------------------------------------------------- AMOUNT U.S. $183,665.08 NOT EXCEEDING: ONE HUNDRED EIGHTY THREE THOUSAND SIX HUNDRED SIXTY FIVE AND 08/100 U.S. DOLLARS WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE BY YOUR DRAFT(S) DRAWN AT SIGHT ON U.S. BANK NATIONAL ASSOCIATION AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS: A STATEMENT PURPORTEDLY SIGNED BY AN AUTHORIZED INDIVIDUAL OF THE BENEFICIARY STATING THAT THE AMOUNT OF DRAFT DRAWN REPRESENTS FUNDS DUE THE CITY OF MERIDIAN DUE TO THE FAILURE OF PARAMOUNT DEVELOPMENT, INC. TO COMPLETE THE SEWER, WATER, GRAVITY IRRIGATION, PRESSURIZED IRRIGATION, STREET LIGHTS, AND FENCING IN PARAMOUNT SUBDIVISION NO. 9. THE ORIGINAL OF THIS LETTER OF CREDIT, INCLUDING ANY AMENDMENTS, MUST BE SUBMITTED TO THE BANK FOR OUN ENDORSEMENT OF ANY PAYMENTS EFFECTED BY US AND/OR FOR CANCELLATION. ADDITIONAL CONDITIONS: 1. PARTIAL DRAWINGS ALLOWED 2. ALL BANKING CHARGES OTHER THAN THOSE OF THE ISSUING BANK ARE FOR ACCOUNT OF THE BENEFICIARY. DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE: "DRAWN UNDER U.S. BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO. SLCSSEA2306". THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". THIS PAGE I FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02306 bank® Five Star Service Guaranteed WE HEREBY ENGAGE WITH YOU THAT DRAFT(S) DRAWN AND/OR DOCUMENTS PRESENTED UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY HONORED UPON PRESENTATION TO US. DRAFT(S) AND DOCUMENTS MUST BE PRESENTED TO OUR OFFICE AT U.S. BANK NATIONAL ASSOCIATION, INTERNATIONAL DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, OR AT 101 S. CAPITOL BLVD., BS-ID-CB8, 8TH FLOOR, SUITE 814, BOISE, IDAHO 83702, ATTN: GARY DEGRANGE IN PERSON, OR BY OVERNIGHT COURIER, ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT. U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL BANKING DIVISION Otlzd AUTHOO&ED SIGNATURE j Janet Joireman Asst. mice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02306 N M ori LL 0 Q co � o � N � N O m C o 2 0 V A m S M m i > s _0 �� N Z J O � d 0 CD V m A 9 1p9 g A A M z y mr rrt M.9p,91,60N titi J� •YRS. o °° Jos !S RS, V °ems �_ o s 0'O\ o` a m ❑ ?i°, 69 SFS. O � � D ^ p0 l Ae• �� S . ION n7 C> p0 19 Jos'(gS a °g` otirn yAs O � � ti o= �,d4 o o°.s� oo� ate/ o JosAes \ O ❑ " d V� Op'l'� ` pSA � 49 SAS. O O � 099 \ ; O'• Uu � A AO/ . � 9 SSG Off' / �° ,O Fcp• °s is q9 16ti9 OO 00 °`9�Sse 4.� ��! 00 - J09 zip °s Ssa 9 til , s oo• � oo � � Doss, n sA O 'oo• � o�c 2e, OO qV Aip. 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