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Home My WebLink AboutBonding, Signing, Recording Final Plat** TX CONFIRMATION REPORT ** DATE TIME TO/FROM 07 1128 13:56 208 377 8962 F rr�r� v r� MAYOR I Tammy de Weerd CITY COUNCIL, MEMBERS Keith Bird Christine i)ortnell Charles M. Rountree Shaun Wardle CITY DEPA1:rMF.NTS Fire 540 E. Franklin Road 888-] 234 / fax 895-0390 Paden & Recreation 11 W. bower Strect 888-3379 / fax 898-5501 Plannin8 660 C.. Watertower Lane Suite 202 884-5533 / fax 888-6844 Police 1401 E. Watertower Lama 88&6678 / 816-7366 Public Works 660 E. Watert-ver Lanc Suitc 200 898-5500 / iax 898-9551 - 6ui1din8 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 884-17,59 October 17, 2005 AS OF NOU 28 '05 13:57 PAGE.01 CITY OF MERIDIAN MODE MIN/SEC PGS CMD# STATUS EC --S 01'09" 004 069 OK Ms. Janet Joireman U.S. Bank National Association International Dept., WWH_277 1420 Fifth Avenue, 9th Floor Seattle, WA 98109 206-344-2398 fax 206-344-5369 Re; Return Letter of Credit for paramount Subdivision # 5 for Paramount Development, Inc. After a site inspection and review of Paramount Subdivision # 5 by the Planning Department and the Public Works Department, it has been determined to release the original Letter of Credit of $934, 788.0to you for the completion of water, sewer, street lights, 5 landscaping and pressurized irrigation. Please use this letter as authorization for U. S. Bank to release the Irrevocable Letter of Credit No. SL CSSEA021 87. If you have any questions please contact me. Thank you for your cooperation. Sincerely William G. Berg, Jr. City Clerk Enclosure C11'-4 HALL CLEWT EASI ]IDAHO AVENUE. MGRID]AN, IDAHO 83642 (208) 888-4433 CI" CLEW- FAx SRR -4218 C Il v nTTOFNEY / 71P - FAX 67x4-8723 FINANCIi & UTILITY BILLING- FAx 687-4913 MAYOR'S UFFiCp> FAX 88A -Rt tv F.intere d on cycled p ptTT 0 /01 CITY OF I� (� N, �YlG�lCt"17 I IDAIIII NTFR ° thr rRG.�$URE V,ll1Y-Y SINCE �9(I3 MAYOR Tammy de Weerd CITY COUNCIL MEMBERS LUy kt kL Keith Bird October 97, 2005 Christine Donnell "Y� Charles M. Rountree Shaun Wardle Ms. Janet Joireman CITY DEPARTMENTS U.S. Bank National Association Fire International Dept., WWH-277 540 E. Franklin Road 9420 Fifth Avenue, 9th Floor 888-1234 / fax 895-0390 Seattle, WA 98909 Parks & Recreation 206-344-2398 fax 206-344-5369 11 W. Bower Street 888-3579 / fax 898-5501 Re: Return Letter of Credit for Paramount Subdivision # 5 Planning for Paramount Development, Inc. 660 E. Watertower Lane Suite 202 After a site inspection and review of Paramount Subdivision # 5 by the 884-5533 / fax 888-6844 Planning Department and the Public Works Department, it has been Police determined to release the original Letter of Credit of $134,788.05 to you 1401 E. Watertower Lane for the completion of water, sewer, street lights, landscaping and 888-6678 / 846-7366 pressurized irrigation. Please use this letter as authorization for U. S. Public Works Bank to release the Irrevocable Letterof Credit No. SLCSSEA02987. 660 E. Watertower Lane Suite 200 If you have any questions please contact me. Thank ou for our 898-5500 / fax 898-9551 y y cooperation. - Building 660 E. Watertower Lane Sincerely Suite 150 887-2211 / fax 887-1297 Wastewater 3401 N. Ten Mile Road William G. Berg, Jr. 888-2191 / fax 884-0744 City Clerk Water 2235 N.W. 8th Street Enclosure 888-5242 / fax 884-1159 CITY MALL 33 EAST IDAHO AVENUE MERIDIAN, IDAHO 83642 (208) 888-4433 CITY CLERK -FAX 888-4218 CITY ATTORNEY/ HR -FAX 884-8723 FINANCE & 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 JUNE 1, 2005 CITY OR MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN, ID 83642 ATTN: BRAD WATSON PLEASE FIND ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER SLCSSEA02187 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 --- tTI ---------- IN AL DEPARTMENT Janet Joireman Asst, Vice PresidOnt 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 JUNE 1, 2005 APPLICANT: ----------------------------------------------------- BENEFICIARY: CITY OF MERIDIAN PARAMOUNT DEVELOPMENT, INC. 660 EAST WATERTOWER, SUITE 200 12601 W. EXPLORER DRIVE, SUITE 200 MERIDIAN, ID 83642 BOISE, ID 83713 ATTN: BRAD WATSON LETTER OF CREDIT NUMBER: SLCSSEA02187 EXPIRY DATE: JUNE 1, 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. $134,788.05 NOT EXCEEDING ONE HUNDRED THIRTY FOUR THOUSAND SEVEN HUNDRED EIGHTY EIGHT AND 05/100 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, PRESSURIZED IRRIGATION, STREET LIGHTS, LANDSCAPING AND FENCING IN PARAMOUNT SUBDIVISION #5 ". 2. THE ORIGINAL OF THIS LETTER OF CREDIT, INCLUDING ANY AMENDMENTS, MUST BE SUBMITTED TO THE BANK FOR OUR ENDORSEMENT OF ANY PAYMENTS EFFECTED BY US AND/OR FOR CANCELLATION. ADDITIONAL CONDITIONS: I. 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. SLCSSEA02187". THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02187 bank® Five Star Service Guaranteed THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". 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, 9' 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 AUTH ZED SIGNATURE Janet Joireman Asst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02187 SURETY SPREADSHEET Project Name: Date Compiled: Letter of Credit/Bond No.: Issued By: Expiration Date: Check No.: Item Paramount #5 6/6/2005 SLCSSEA02187 US Bank 6/1/2006 na Unfinished Partial Surety Party Responsible For Sign -Off Date Signed Off/ Person Comments Sanitary Sewer -internal $39,155.75 $39,155.75 Public Works 8/1/05 TJ Sanitary Sewer-offsite Water-internal Water- Offsite $0.00 $0.00 $41,289.00 $41,289.00 Public Works 8/1/05 TJ $0.00 $0.00 Public Works Street Lights $7,362.00 $736.20 $8,098.20 Building 7/14/05 JW Landscaping $37,256.00 $3,725.60 $40,981.60 PZ 9/29/05 CH Pathways $0.00 $0.00 PZ Fencing $0.00 $0.00 PZ Tiling $0.00 $0.00 PZ Pressurized Irrigation $4,785.00 $478.50 $5,263.50 Public Works 7/21/05 MJ Gravity Irrigation $0.00 $0.00 Other: $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 — - $0.00 $0.00 TOTAL: $49,403.00 10/10/05 RELEASE IN FULL - KG $85,385.05 $134,788.05 Will Berg From: Karie Glenn [glennk@meridiancity.org] Sent: Monday, October 10, 2005 3:57 PM To: watsonb@meridiancity.org; Will Berg Subject: Paramount #5. loc Attachments: Paramount #5.xls Paramount #5.xis (13 KB) READY TO BE RELEASED. -- DETAIL SHEET ATTACHED. JUN - 6 2005 City of Meridian City Clerk off ict, Memo To: Will Berg From: Brad Watson, P. E. CC: File, Kane, P & Z Staff Date: 6/3/2005 Re: Paramount Subdivision No. 5 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. SLCSSEA02187 (U.S. Bank — dated 6/1/05) for $134,788..05. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Engineering Northwest (Jason or Gene) 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... Brad Watson, P.E. City Engineer Meridian Public Works Department 660 E. Watertower Lane, Suite 200 Meridian, Idaho 83642 (208) 898-5500 Fax: (208) 887-1297 • Page 1 watsonb(oci.meridian.id us Y a d U U �o U0 0 d N tp LL Q 0 U-) g N N o cQ. Y o rnUn F- E w o L (1) CL E c n � O C Of 2 O L a,Q o LL O O Q. fY v U U�NN a m-�0s«s d -a. LOa0o000 amaa- LO 1-OOU)NcoO O B OLn N N 0 h y Q M 69 6% � 00- O M r X 0 0 0 0 0 0 tf) ER X1--00 0000 ui M) Oi 00 O EFS ui 0 CV co C4 to O V), •—N 1'�MN `a O O) M r r- EF} fes- M C14 C(a EA N3 Efl 6q M� 000\�0 0 �� O Oa O O GO 0700000 G 0 0 0 0 0 0 0 LO C ML(�MN� O3i �CNON� mO 66-9M M Ef3 64 EFS 69 NN C O w V C C C D L ca O E O C Q a�U _ y �w _ Ca C C0 E:.- O rte+ Co O U' - L L a) N 0 N m C g, Q 31 E 'a3 — J m ) N N p U — C— >Z it to 3: ca N 2 co C `_ti C C v I � p 6L l- CL dank® Five Star Service G...wed **� U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 PHONE: 206-344-2398 FAX: 206-344-5365 JUNE 1, 2005 CITY OR MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN, ID 83642 ATTN: BRAD WATSON PLEASE FIND ATTACHED OUR ORIGINAL STANDBY SLCSSEA02187 IN FAVOR OF YOURSELVES, FOR PARAMOUNT DEVELOPMENT, INC 12601 W. EXPLORER DRIVE, SUIZ BOISE, ID 83713 KINDLY ADDRESS ALL CORRESPONDENCE REGARDI TO THE ATTENTION OF OUR LETTER OF CREDIT AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MEIN NUMBER AS IT APPEARS ABOVE. TELEPHONE INC EITHER JANET JOIREMAN AT 206-344-2398 OR 206-587-7049. U.S. BANK NATIONAL ASSOCIATION --- ---- ------------------ IN NATI AL - DEPARTMENT Janet Joireman Asst. Vice President RECEIVEn JUN 0 2 2005 Frit ac worms '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 ---------------------- JUNE 1, 2005 BENEFICIARY: APPLICANT: CITY OF MERIDIAN PARAMOUNT DEVELOPMENT, INC. 660 EAST WATERTOWER, SUITE 200 12601 W. EXPLORER DRIVE, SUITE 200 MERIDIAN, ID 83642 BOISE, ID 83713 ATTN: BRAD WATSON LETTER OF CREDIT NUMBER: SLCSSEA02187 EXPIRY DATE: JUNE 1, 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. $134,788.05 ------------ NOT EXCEEDING ONE HUNDRED THIRTY FOUR THOUSAND SEVEN HUNDRED EIGHTY EIGHT AND 05/100 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, PRESSURIZED IRRIGATION, STREET LIGHTS, LANDSCAPING AND FENCING IN PARAMOUNT SUBDIVISION #5 ". 2. THE ORIGINAL OF THIS LETTER OF CREDIT, INCLUDING ANY AMENDMENTS, MUST BE SUBMITTED TO THE BANK FOR OUR 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. SLCSSEA02187". THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02187 'bank. Five Star Service Guaranteed THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500". 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 5' AVENUE, 9' 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 AUTH ZED SIGNATURE Janet Joireman Asst, Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO. SLCSSEA02187