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HomeMy WebLinkAboutLandscaping Bond** TX CONFIRMATION REPORT ** DATE TIME TO/FROM 03 02/15 11:07 208-343-2266 0 nv(,r -41i —I ��79Ua l�.a\YQIt I Tarnmy do Weerd CITY CAUNCTL ML•'MHI;RS Keith Bird February 10, 2006 )o.,eph W. Dsorion Charles M. ROtlniree Shiun Wardle AS OF FEB 15 106 11:08 PAGE.01 CITY OF MERIDIAN MODE MIN/SEC PGS CMD## STATUS G3 --S 00'58" 003 180 OK LTTY DEPARTMENT S Gerald Jutting Home Federal Bank CiM liArain SLracr(:ct -112 703 M Commercial Lending Department 898-5506 (C.'ily AihmTe y) 500 12th Avenue South 998-550.7 (HR) Nampa, ID 83651 Fax 884-8721 4685100 Flre 540 E. Franklin road Re: Return Letter of Credit for Medicap Pharmacy 888-1234 / fax 895-0390 for Busterback Development, LLC Parks & Recreation 11 W. Bower Street 888-3579./ tax 898-5501 After a site inspection and review of Medicap Pharmacy at 2790 West Cherry Lane by the Planning Department and the Public Works 1>lartninh C60 E. Watertower lane ';hit(' . z0z Department, it has been determined to release the Letter of Credit of $14,000.00 to you for the completed landscaping improvement. 884-5:/3.31 fax 888-6844 site Please use this letter as authorization for Home Federal Savings to Police release the Irrevocable Standby Letter of Credit No. 010. 1401 F. Watcrtvwcr Lane 888-6678 / fax 846-7366 If you have any questions please contact me- Thank you for your Public Works Cooperation. 660 E. Watertower bane Suite 200 Sincerely 898-5500 /fax 895- 9551 - Building 660 E. Watertower Linc Suite 150 887-2211 / fax 887-1297 William G. Berg, Jr. City Clerk Wastewater 3401 N. Ten Mile Road 888-2191 / fax 884-0744 Enclosure Wa to r 2236 N.W. 8th ,Street 888.5242 / fix 884-7159 CITY HALL 33 LAST IDAHO AvxmuE ME.RTDIAN, IDAIIO 93642 (208) 898-44,333 C1TYC1.1:NK-FAX885-4218 FINANCF&UTILtTYBILLING-FAk887.4813 MAYOR'$OFFICE- VAX 684-8'1'19 Printed o frcycled paper / 0 ,'CITY OF �_�'1►�l �Y1G�1G�"YI � '� IDAHO C�NTeR %Me TREASURE Vw�Y SINCE 1993 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 10, 2006 Gerald Jutting Home Federal Bank Commercial Lending Department 500 12th Avenue South Nampa, ID 83651 468-5100 Re: Return Letter of Credit for Medicap Pharmacy for Busterback Development, LLC After a site inspection and review of Medicap Pharmacy at 2790 West Cherry Lane by the Planning Department and the Public Works Department, it has been determined to release the Letter of Credit of $14, 000.00 to you for the completed landscaping site improvement. Please use this letter as authorization for Home Federal Savings to release the Irrevocable Standby Letter of Credit No. 010. If you have any questions please contact me. Thank you for your cooperation. Sincerely 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 & UTILITY BILLING- FAX 887-4813 MAYOR'S OFFICE- FAX 884-8119 Printed on recycled paper June 09, 2005 IRREVOCABLE STANDBY LETTER OF CREDIT #010 BENEFICIARY City of Meridian, Idaho Planning and Zoning 660 E. Watertower Lane Meridian, Idaho 83642 FOR THE ACCOUNT OF: Busterback Development, LLC 2790 W. Cherry Lane Project EXPIRATION DATE: June 09, 2006 AT OUR COUNTERS AMOUNT: $14,000.00 (FOURTEEN THOUSAND DOLLARS.) We hereby issue in your favor this irrevocable standby letter of credit which is available by presentation of your draft(s) at sight drawn on Home Federal Bank of Nampa, Idaho, bearing clause "DRAWN UNDER HOME FEDERAL SAVING'S IRREVOCABLE STANDBY LETTER OF CREDIT No. 010 DATED JUNE 09,2005", and accompanied by the following document(s): Beneficiary's signed and notarized statement/affidavit stating: L I am a duly authorized officer of the city of Meridian, Idaho whose office is located at 660 E. Watertower Lane, Meridian, Idaho, ID 83642. 2. On (insert date), the City of Meridian, Idaho is declaring Busterback Development, LLC, 2790 W. Cherry Lane project, in default of development requirements for landscaping and water and sewer improvements and accompanied by bid amounts on necessary items to be completed, on property known as 2790 W. Cherry Lane commercial project. This original letter of credit must be presented at time of draw. Our Letter of Credit 9006 Page 02 Partial drawings are not permitted. We hereby engage with you that drafts drawn in conformity with the terms of this letter will be duly honored on presentation to the Commercial Lending Division, Home Federal Savings, Nampa, Idaho on or before June 09, 2006. Except as otherwise expressly stated herein, this letter is subject to the "Uniform Customs and Practice for Documentary Credits (1993 revision) International Chamber of Commerce Publication No. 500." Ver ruly Yours, c� Authori d ignature Printed Name: Gerald Jutting Title: Vice President Home Federal Bank Commercial Lending Department Nampa, Idaho Page 1 of 1 Will Berg From: Karie Glenn Sent: Wednesday, February 08, 2006 2:36 PM To: Will Berg Subject: LOC ready to be released Apparently there was an LOC out there that I did not get a copy of .. Hope PZ sent you the original at least. Busterback Development LLC 2790 W Cherry Lane Project (Medicap Pharmacy) READY TO BE RELEASED IN FULL Home Federal dated June 9 03 -- LOC #010 **Let me know if you need a copy in order to locate.. ** KG 2/8/2006 CITY OF MERIDIAN PLANNING & ZONING DEPARTMENT June 10, 2005 To: Will Berg From: Sonya Allen Subject: Medicap Pharmacy — 2790 W. Cherry Lane Enclosed are the following: LETTER OF TRANSMITTAL REGEIVEj) JUN 10 Y005 CITY OF MERIDIAN CITY Ct.FRK OFFICF COPIES DATE DESCRIPTION 1 Letter of Credit in the amount of $14,000.00 1 Bid for remaining landscaping These are transmitted: ❑ For your ❑ For action © For review ❑ For your use ❑ As requested information specified below and comment Remarks: Amount shown for landscaping appears to be sufficient. I have signed off on temporary occupancy for thirty days to give them time to complete the remaining improvements. Letter of Credit is over the 110% of the bid amount required. Copy to: File Signed: / YdZ44Z . z 660 E. Watertower Ln., Ste. 202 Meridian, Idaho 83642 (208) 884-5533 Fax (208) 888-6854 QQUALITY CONSTRUCTION CS SERVICES, LLC City of Meridian Planning & Zoning 660 E. Watertower Ln Ste. 202 Meridian, Idaho 83642 RE: Request for temporary occupancy of structure located at 2790 West Cherry Lane know as Medicap Pharmacy, Bld permit no.BP2005-277. Reason for request is landscaping in incomplete due the weather. All other site condition have been met. Thanks for your consideration. W4lity Const ion Services LLC jAn Wyman Dated: P.O. Box 6193 • BOISE, IDAHO 83707 • (208) 343-2266 EARNING OUR NAME ON EVERY PROJECT June 09, 2005 IRREVOCABLE STANDBY LETTER OF CREDIT #010 BENEFICIARY City of Meridian, Idaho Planning and Zoning 660 E. Watertower Lane Meridian, Idaho 83642 FOR THE ACCOUNT OF: Busterback Development, LLC 2790 W. Cherry Lane Project EXPIRATION DATE: June 09, 2006 AT OUR COUNTERS AMOUNT: $14,000.00 (FOURTEEN THOUSAND DOLLARS.) We hereby issue in your favor this irrevocable standby letter of credit which is available by presentation of your draft(s) at sight drawn on Home Federal Bank of Nampa, Idaho, bearing clause "DRAWN UNDER HOME FEDERAL SAVING'S IRREVOCABLE STANDBY LETTER OF CREDIT No. 010 DATED JUNE 09, 2005", and accompanied by the following document(s): Beneficiary's signed and notarized statement/affidavit stating: 1. I am a duly authorized officer of the city of Meridian, Idaho whose office is located at 660 E. Watertower Lane, Meridian, Idaho, ID 83642. 2. On (insert date), the City of Meridian, Idaho is declaring Busterback Development, LLC, 2790 W. Cherry Lane project, in default of development requirements for landscaping and water and sewer improvements and accompanied by bid amounts on necessary items to be completed, on property known as 2790 W. Cherry Lane commercial project. This original letter of credit must be presented at time of draw. Our Letter of Credit #006 Page 02 Partial drawings are not permitted. We hereby engage with you that drafts drawn in conformity with the terms of this letter will be duly honored on presentation to the Commercial Lending Division, Home Federal Savings, Nampa, Idaho on or before June 09, 2006. Except as otherwise expressly stated herein, this letter is subject to the "Uniform Customs and Practice for Documentary Credits (1993 revision) International Chamber of Commerce Publication No. 500." Ver rul Yours, Authori ignat-u—re Printed Name: Gerald Jutting Title: Vice President Home Federal Bank Commercial Lending Department Nampa, Idaho