Loading...
HomeMy WebLinkAboutBonding, Signing, Recording Final PlatCITY OF 044 ►% IDAHO SFR / TREASURE U,�Y SINCE 7903 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 June 30, 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 # 10 for Paramount Development, Inc. After a site inspection and review of Paramount Subdivision # 10 by the Planning Department and the Public Works Department, it has been determined to release the original Letter of Credit of $543,034.79 to you for the completion of sewer, water, street lights, landscaping, fencing, pressurized irrigation and gravity irrigation. Please use this letter as authorization for U. S. Bank to release the Irrevocable Letter of Credit No. SLCSSEA02377. If you have any questions please contact me. Thank you for your cooperation. Sincerely J,46ZO William G. Berg, Jr. City Clerk Enclosure CITY FALL 33 EAST IDAHO AVENUE MERIDIAN, IDAHO 83642 (208) 888-4433 CITY CLERK - FAX 888-4218 FINANCE Sr UTILITY BILLING - FAX 887-4813 MAYOR'S OFFICE - FAX 884-8119 Printed on recycled paper bank, Five Star Service Guaranteed *� U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 PHONE: 206-344-2398 FAX: 206-344-5365 NOVEMBER 22, 2005 CITY OF MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN ID 83642 ATTN: BRAD WATSON PLEASE FIND ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER SLCSSEA02377 IN FAVOR OF YOURSELVES, FOR THE ACCOUNT OF: PARAMOUNT DEVELOPMENT, INC 12601 W. EXPLORER DRIVE, SUITE 200 BOISE, ID 83713 KINDLY ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO THE ATTENTION OF OUR LETTER OF CREDIT DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MENTIONING OUR REFERENCE NUMBER AS IT APPEARS ABOVE. TELEPHONE INQUIRIES CAN BE MADE TO EITHER JANET JOIREMAN AT 206-344-2398 OR MARY ALICE YOUNG AT 206-587-7049. U.S. BANK NATIONAL ASSOCIATION - ------L--DEPA--------RTMENT ---- I CRNA- ONA Janet Jcireman Asst. Vice President bank® Five Star 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: 206-344-5365 IRREVOCABLE STANDBY LETTER OF CREDIT NOVEMBER 22, 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: SLCSSEA02377 -------------------------------------------------------- ----------------------------------------- EXPIRY DATE: NOVEMBER 22, 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. $543,034.79 NOT EXCEEDING FIVE HUNDRED FORTY THREE THOUSAND THIRTY FOUR AND 79/100 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, LANDSCAPING AND FENCING IN PARAMOUNT SUBDIVISION NO. 10. 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. SLCSSEA2377. THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377 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 (/AUTHORIYO SIGNATURE Janet Joireman Asst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377 SURETY SPREADSHEET Project Name: Date Compiled: Letter of Credit/Bond No.: Issued By: Expiration Date: Check No.: Item Paramount #10 1/3/2006 SLCSSEA02337 US Bank 11/22/2006 Unfinished Partial Surety Party Responsible For Si n -Off Date Signed Off/ Person Comments Sanitary Sewer -internal $149,885.00 $14,988.50 $164,873.50 Public Works 6/9/06 MJ Sanitary Sewer -offsite $0.00 $0.00 Water -internal $162,133.75 $16,213.38 $178,347.13 Public Works 6/9/06 MJ Water- Offsite $0.00 $0.00 Public Works Street Lights $15,457.00 $1,545.70 $17,002.70 Building 4/27/06 KG Landscaping $18,250.00 $1,825.00 $20,075.00 PZ 6/14/06 KV Pathways $0.00 $0.00 PZ Fencing $33,770.00 $3,377.00 $37,147.00 PZ 4/12/06 CH Tiling $0.00 $0.00 PZ Pressurized Irrigation $71,332.24 $7,133.22 $78,465.46 NMID 6/20/06 verbal kg Gravity Irrigation $42,840.00 $4,284.00 $47,124.00 NMID 6/20/06 verbal kg Other: $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL: $493,667.99 $49,366.80 6/26/06 READY TO RELEASE IN FULL - KG $543,034.79 Page 1 of 1 Will Berg From: Karie Glenn Sent: Monday, June 26, 2006 4:42 PM To: Will Berg Subject: LOC release - Paramount #10 Attachments: Paramount #10.xis attached detail sheet 6/27/2006 MeridianCity of ACEIVE Public Works Dept. DEC 2 9 2005 City of Meridian City Clerk Office Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Kane, P & Z Staff Date: 12/29/05 Re: Paramount #10 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.SLCSSEA02337 (US Bank— dated 11/22105) for $543034.79. This represents surety for items, and in amounts, listed on the attached spreadsheet Please call Gene Smith w/Engineering Northwest at 376-5000 when the plat is ready to be picked up. Please call me if you have any questions. Thank you. From the desk of... 1&a" A Grady, P.& Cil). Engine Mlendian Public Works Depacirnent 660 E Wa=oucr Lane, Suite 200 3lcridia4 Idaho 83642 (208)848-5500 Fax: (208) 848-4551 • Page 1 mdyt(a)merdianc tv.ore ank. Five Star Service Guaranteed* U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 PHONE: 206-344-2398 FAX: 206-344-5365 NOVEMBER 22, 2005 CITY OF MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN ID 83642 ATTN: BRAD WATSON PLEASE FIND,ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER SLCSSEA02377 IN FAVOR OF YOURSELVES, FOR THE ACCOUNT OF: PARAMOUNT DEVELOPMENT, INC 12601 W. EXPLORER DRIVE, SUITE 200 BOISE, ID 83713 KINDLY ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO THE ATTENTION OF OUR LETTER OF CREDIT DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MENTIONING OUR REFERENCE NUMBER AS IT APPEARS ABOVE. TELEPHONE INQUIRIES CAN BE MADE TO EITHER JANET JOIREMAN AT 206-344-2398 OR MARY ALICE YOUNG AT 206-587-7049. U.S. BANK NATIONAL ASSOCIATION -- ----- ------- --------------- I ERNA ONAL DEPARTMENT Janet Joireman Asst. Vice President bank. Five Star 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: 206-344-5365 IRREVOCABLE STANDBY LETTER OF CREDIT -------------------------- NOVEMBER 22, 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: SLCSSEA02377 EXPIRY DATE: NOVEMBER 22, 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. $543,034.79 NOT EXCEEDING FIVE HUNDRED FORTY THREE THOUSAND THIRTY FOUR AND 79/100 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, LANDSCAPING AND FENCING IN PARAMOUNT SUBDIVISION NO. 10. 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. SLCSSEA2377". THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377 bank® Five Star Service Guara w d *f* 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 5T" AVENUE, 9TH FLOOR, SEATTLE, WA 98 10 1, 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 qUqT!!HdRJI D SIGNATURE Janet Joireman ,Asst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377 iti Sll QyA �a O n.a.aaLzzmaa U')d O ?O r- O O O H g FO+ NN d 0 I = MOI�O�ttnNtnM1 r!F !"! 0 10.0.�- co�M r �0Il- co hGOt- Om N C7 Oo1n0000 N�rO0o 0 rn �00i-00 Lf) M OchOOC%4P-a0 �� It � m Oi OD M� N1� Q cV cV � c[S OU M M �,,, 000000000 oOcn0—Cl Od1�OONd00 000 O 0 ui0ce)0) = a Clq Nh96 06M O O H co� a � c a � � o U co c .. c a� = 0 .. ca U CD c t" V1 N w 4- Cd 0 0 L N z a) s c •= co � r! O S U L �_ 'CL :y E 1 L 1 L 1 L 1 L L--1 8�0y S {,L 33�mc> U) 5 to c�nua�SC9a`t�n�� 0 Q. tom- �- m L T it 0 L f"OKJH �� �. df-1Si�ftG�LdH yG• _ 6881 Bennett Rd. - Nampa, ID 83686 �a Phone (208) 465-0274 - Fax (208) 465-3532 BRIGHTON CORPORATION 12601 W. EXPLORER DRIVE SUITE 200 BOISE, IDAHO 83713 10/10/2005 ESTIMATE PROJECT 227 - PARAMOUNT # 10 p.2 Off' I DESCRIPTION COST TOTAL 2,670 1 TV INSPECTIONS 1.25 3,337.50 "SUBTOTAL" 3,337.50 SEWER: 1,485 SEWER PIPE 12" 1,186 SEWER PIPE 8" 1,720 SEWER PIPE 4" 9 SEWER MANHOLE(S) 4 SEWER CLEAN OUT(S) 47 SEWER SERVICE CONNECTION(S) 140 6" SLEEVES "SUBTOTAL" WATER: 776 WATER PIPE 12" 2,845 WATER PIPE 8" 80 WATER PIPE 2" 9 WATER FIRE HYDRANT(S) 49 WATER SERVICE(S) 9 WATER BLOW OFF(S) 1 WATER TEES - ANGLES - MISCELLANEOUS 2 WATER GATE VALVE 12" 15 WATER GATE VALVE 8" 10 NONE POTABLE WATER CROSSING (IF NEEDED) "SUBTOTAL" IRRIGATION SLEEVE: 840 IRRIGATION SLEEVE(S) 12" 1,680 IRRIGATION SLEEVE(S) 4" "SUBTOTAL" Page 1 42.50 63,112.50 26.75 31,725.50 12.00 20,640.00 2,610.00 23,490.00 418-00 1,672.00 155.00 7,285.00 14.00 1,960.00 149,885.00 31.00 24,056.00 19-75 56,188.75 6.00 480.00 2,600.00 23,400.00 450.00 22,050.00 499-00 4.491.00 7,218.00 7218.00 1,350.00 2,700.00 870.00 13,050.00 850.00 8,500.00 162,133.75 31.00 26,040.00 10.00 16,800.00 42,840.00 TOTAL �.... _ o ri•� L 1 ane wooer GREEN CITY LANDSCAPE INC, 7. SOX 140281 o0ISF, IDAHO 83714-0281 NAMEIADDRESS PARAMOUNT DEVELOPMENT INC. 12601 W, FAPLORER DR. STE. 200 BOISE, IDAHO 83713 208 323 6701 P _ 01 Estimate DATE ESTIMATE # 10/13/2005 98260 PROJECT Paramount k 10 DESCRIPTION CITY COST TOTAL 4" PVC Pipe Class 200 Gasket Installed 6" PVC Pipe Class 200 Gasket Installed 100 6.14 614.00 4" Push -on Gate Valvc Installed 4,300 8,60 36,980.00 6" Push -on Gate Vah•c Installed 4 420.00 1 ,680A0 1,920.00 of Hookups Installed 16 495.00 Parts 64 64 145.00 9,280.00 IRRIGATION PRESSURE TEST 14,058.24 14,058.24 1 800.00 800.00 Thank you for your business. TOTAL ,� $71,332.24 11Ct• b• zuuo b •.i�NM SERVICE and REPAIR "Your problem is no problem - Call the people yore trust" 502 E. 45th Street • Mo c, Idaho 83714-4846 TEI-EPIIONE (208) 344-2508 • FAX (208) 345-9844 ww w. a llowayel ectric. com To: Brighton Corporation 12426 West Explorer Dr. Boise 1D 83714 QUOTATION / PROPOSAL Tey. (208) 378.4000 Pax (208) 377-8962 No•9905 Date: October 6, 2005 P. 4 Attn: Jay Walker Estirrxate for rlghtOn Corporation to install street lighting in Paramount Subdivision #10. u^ of work to include the following; (1) Install (9ea.) 25ft. street lights with 100 watt high pressure sodium shoebox type light fixtures. (2) Providerviimatel Power services. 120 ft. of trench, conduit, wire, and backfill to tie to Idaho (3) Provide city of Meridian, electrical permit. Thank you for considering Alloway! Please sign and return upon acceptance X4a4�-� Labor and Materials -$15,457.00 Milne Christie -371-8446 �t 04 05 01:04p Robell Fence Co. LLC p.l Scott Robinson 924 South Roosevelt*Boise, ID 83705*(208)344-1351 *fax (208)336-0948 Installation Pro Contractor # Date wIy 16,5 Proposal Submitted To Phone Horne/Work Installation Address al t5 Overall Length Overall Height Walk Gate $ is the total cost of the installation $ Sao/ AO COI`V�6'to be paid as a deposit $ ©t~ 9c-} cS to be paid on completion of the installation Lp Drive Gate �t ��� LUS COrn-P_s 2�.. ca l $ , 30 — l Jito e .rrWN S' i41►J r + (y'►''n10n1 f�R / -G-ret, L -r Z�y _V3p1� Chain Link: Wire Gage Term Post Diam Line Post Diam Line Post Spacing Wood: Wood Type _ Post Type Style: \J �I Contour:�� Level Rolling Hillside Special Instructions: Good Neighbor Wood on inside Wood on outside� Type of Gate The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payments will be made as outlined above. Payments not made within 60 days will be subject to a lien on your property. Customer is responsible for property lines, obtaining permits and identifying sprinkler systems. Any cost incurred from the above will be the responsibility of the customer. The customer is also responsible to remove any extra dirt. Date t` J Signature GREEN CITY LANDSCAPE INC. P.O. BOX 140281 BOISE, IDAHO 83714-0281 NAME/ADDRESS PARAMOUNT DEVELOPMENT INC. 12601 W. EXPLORER DR. STE. 200 BOISE, IDAHO 83713 Estimate DATE ESTIMATE # 8/30/2005 98252 PROJECT Paramount 411 DESCRIPTION QTY COST TOTAL Red Oak 2" Installed or a mixture of trees 32 250.00 8,000.00 Sod Installed SPRINKLER SYSTEM 1 11,466.00 11,466.00 FINE GRADE & TOP SOIL 1 1 18,000.00 18,000.00 5,000.00 5,000.00 GOOD FOR 120 DAYS OTAL TOTAL $42,466.00 GREEN CITY LANDSCAPE INC. P.O. BOX 140281 BOISE, IDAHO 83714-0281 NAME/ADDRESS PARAMOUNT DEVELOPMENT INC. 12601 W. EXPLORER DR. STE. 200 BOISE, IDAHO 83713 Estimate DATE ESTIMATE # 8/30/2005 98253 '�Yo� : � �� , Z l(, 8'o Memo To: Barbara S. From: Karie Glenn CC: File Date: 10/14/2005 Re: Paramount #10 I am forwarding to you proposed surety amounts for fencing and landscaping in Paramount #10. Please forward to the appropriate person so that they can let me know the final approved surety amounts. If any other improvements/amenities are required to post surety, please let me know. Thanks Response Due Date: October 19, 2005 Please let me know if there will be a delay. THANKS **Should you need any further information, Please contact — • Page 1 Lynnn Jenkins w/Briggs @ 378-4000 From the desk of.. Katie Glenn Dept Specialist Supervisor Meridian Public Works Department 660 E. Watertower Lane, Suite 200 Meridian, Idaho 83642 (208)898-5500 Fax: (208) 898 -9551 glennk@meridiancity.org DEC 2 9 2005 City of Meridian City clerk office, To: Will Berg From: Lenard A Grady, P.E. CC: Fife, Kane, P & Z Staff Date: 12/29/05 Re: Paramount #10 I have signed the plat for the above project and am forwarding if 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.SLCSSEA02337 (US Bank — dated 11/22/05) for $543034.79. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Gene Smith w/Engineering Northwest at 376-5000 when the plat is ready to be picked up. Please call me ff you have any questions. Thank you. .' ell '' E' NOV 2 2 2UO5 1.-ic3^, • Page 1 From dw de�k- of... Im"A Grady, PX - City Engi— Meridian Public Woks DepmImmt 660 E. Watertower L -dr, Surte 200 ltieridian Idaho 83642 (208) 848-5500 Fax: (208) 848-4551 Qradyl dmerdiancity.or rMbank. Five Star Service Guaranteed C�-) U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 PHONE: 206-344-2398 FAX: 206-344-5365 NOVEMBER 22, 2005 CITY OF MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN ID 83642 ATTN: BRAD WATSON PLEASE FIND ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER SLCSSEA02377 IN FAVOR OF YOURSELVES, FOR THE ACCOUNT OF: PARAMOUNT DEVELOPMENT, INC 12601 W. EXPLORER DRIVE, SUITE 200 BOISE, ID 83713 KINDLY ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO THE ATTENTION OF OUR LETTER OF CREDIT DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MENTIONING OUR REFERENCE NUMBER AS IT APPEARS ABOVE. TELEPHONE INQUIRIES CAN BE MADE TO EITHER JANET JOIREMAN AT 206-344-2398 OR MARY ALICE YOUNG AT 206-587-7049. U.S. BANK NATIONAL ASSOCIATION -- ----------------------- I ERNA- ONAL DEPARTMENT Janet Joireman Asst. Vice President rMbank. Five Star Service Guaranteed �'r* ,t*l U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 U.S.A. PHONE: 206-344-2398 FAX: 206-344-5365 IRREVOCABLE STANDBY LETTER OF CREDIT -------------------------- NOVEMBER 22, 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: SLCSSEA02377 A�/V\A EXPIRY DATE: NOVEMBER 22, 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. $543,034.79 NOT EXCEEDING FIVE HUNDRED FORTY THREE THOUSAND THIRTY FOUR AND 79/100 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, LANDSCAPING AND FENCING IN PARAMOUNT SUBDIVISION NO. 10. 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. SLCSSEA2377". THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377 C bank. Five Star Service G..wd 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 a" UTHORIyb SIGNATURE Janet Joireman Asst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02377