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HomeMy WebLinkAboutBonding, Signing and Recording Final PlatA !4 �,,��' CITY OF�r' G�1G�-17 IDAHO I/` F CF�r�R %a' TREASURE V I EY six CE 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 March 19, 2007 Renne R. Ditton International Banking Department Washington Trust Bank P.O. Box 2127 Spokane, WA 99210-2127 509-353-4177 fax 509-353-3905 Re. Return Letter of Credit for Larkspur Subdivision #2 for Larkspur, LLC After a site inspection and review of Larkspur Subdivision #2 project by the Planning Department and the Public Works Department, it has been determined to release the Letter of Credit of $480,878.87 to you for some of the completed site improvements. Please use this letter as authorization for Washington Trust Bank to release the Irrevocable Standby Letter of Credit No. 22916. There will be a new Letter of Credit issued to cover the uncompleted site improvements. 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 Washington Trust Bank r IRREVOCABLE STANDBY LETTER OF CREDIT NO. 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of FOUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 ------- Dollars ($480,878.87) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: 1. A signed statement from the City of Meridian reading exactly as follows: I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Sincerely, Renne R. Ditton Assistant Vice President Commercial Services Group Washington Trust Financial Center P. O. Box 2127, Spokane, Washington 99210-2127 (509) 353-4177 Fax (509) 353-3905 4 l,,��' CITY OF�t.- g IDAHOr` s e CenlrER �U` THEASURE Vnu'EY 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 March 19, 2007 Renne R. Ditton International Banking Department Washington Trust Bank P.O. Box 2127 Spokane, WA 99210-2127 509-353-4177 fax 509-353-3905 Re: Return Letter of Credit for Larkspur Subdivision #2 for Larkspur, LLC After a site inspection and review of Larkspur Subdivision #2 project by the Planning Department and the Public Works Department, it has been determined to release the Letter of Credit of $480,878.87 to you for some of the completed site improvements. Please use this letter as authorization for Washington Trust Bank to release the Irrevocable Standby Letter of Credit No. 22916. There will be a new Letter of Credit issued to cover the uncompleted site improvements. 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 Washington Trust Bank r IRREVOCABLE STANDBY LETTER OF CREDIT NO. 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of FOUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 ------- Dollars ($480,878.87) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: 1. A signed statement from the City of Meridian reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Sincerely, Renne R. Ditton Assistant Vice President Commercial Services Group Washington Trust Financial Center P. O. Box 2127, Spokane, Washington 99210-2127 (509) 353-4177 Fax (509) 353-3905 FILE No.251 04/25 '07 13:10 ID:WASHINGTON TRUST BANK FAX:12088842703 WASHINGTON TRUST BANK SOUTHERN IDAHO BUILDER SERVICES 208-884-2722 208-884-2703 FAX FACSIMILE TRANSMITTAL SHEET PAGE 1/ 4 RECEIVED APR 2 c 2001 City of Meridian City Clerk offiee To:� (C. -I /' k FROM: Carol Hanson COMPANY: DATE:/ `�/ / FAX #: c NO. OF PAGES (INCLUDING COVER): <,% PHONE* CC: RE: COMMENTS: This message is intonded only for the use of the individual or entity to which it is addresscd and may contain information that is privileged, confidential and exempt from disclosure under applicable law, If the reader of this message is not the intended recipicnt, you are hereby notified that any distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify Washington Trust Bank by phone or return the original transmission to the address listed below via U.S, postal Service. 1 3251 E, PRESIDENTIAL DR. MERIDIAN, ID 83642 FILE No.251 04/25 '07 13:10 ID:WASHINGTON TRUST BANK FAX:12088842703 PAGE 2/ 4 -Washington Trust BanK 111p IRREVOCABLE STANDBY LETTER OF CREDIT NO, 24123 AMOUNT: $351,313.67 DATE: MARCH 9, 2007 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We, hereby establish our Irrevocable Standby Letter of Credit No. 24123 in your favor for the account of BACK AN CONSTRUCTION, INC,, 1375 E. Braemere Road, Boise, ID 83702, up to the aggregate amount of THREE HUNDRED FIFTY ONE THOUSAND THREE HUNDRED THIRTEEN AND 67/100 --------Dollars ($351,313.67) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before MARCH 9, 2008 covering Larkspur Subdivision No. 2 and accompanied by the following: 1. A signed statement from the City of Meridian reading exactly as follows: I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 24123". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before MARCH 9, 2008. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. cerely, Rashe right Assistant Vice Presidcnt Commercial Services Group Washington Trust Financial Center P. O. Box 2127, Spokane, Washington 99214-2127 (509) 353-4177 Fax (509) 353.3905 1 FILE No.251 04/25 '07 13:10 ID:WASHINGTON TRUST BANK FAX:12088842703 PAGE 3/ 4 0 • ,- �n-nr oa. 221 m � iF G% C4 1: .I ay ovN"u}CDo cp Go 0 Gi fJY 0 O 10:1 00 Cil co a �yg --� 8 cn a O 8© C G0 '• •— W -4 Ln (V Gil M CO O Llt QO W Co O G? O O � 0-4 O W i`F ¢� ��.,, oGOoi� o000000cq C►CnO4, �''�� fi OC�71Qi L�l}6906A4~'� 4 Q n 0 0 000; hup. m-0Zz2LpLpIT 1 Y' y Q Q Q h < � � CIO m �n mm FILE No.251 04/25 '07 13:11 ID:WASHINGTON TRUST BANK Washington Trust Bang E1wl City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID, 83642 Gentlemen: FAX:12088842703 IRREVOCABLE STANDBY 1,F-TTER OF CREDIT NO, 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 PAGE 4/ 4 We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of POUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 ------- Dollars ($480,878.87) U.S, currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: I. A signed statement from the City of Meridian reading exactly as follows: I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No, 2•" 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007, All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No, 500, Washington Trust Pinancial Center Sincerely, Renne R. Ditton Assistant Vice President Commercial Services Group R Q. Box 2127, Spokane, Washington 99210-2127 (509) 353-4177 Fax (509) 353-3905 ,+ FILE No.220 04/19 '07 09:14 ID:WASHINGTON TRUST BANK FAX:12088842703 PAGE 1i 4 WASHINGTON TRUST BAN. SOUTHERN IDAHO BUILDER SERVICES 208-884.2722 208-884-2703 FAX FACSIMILE TRANSMITTAL SKEET CUMPANY: FROM: Carol Hanson DATE: FAX 7/- r� #: NO. OF PAGES aNcL—UD-1 G . 1 p CCiVER): VMONE #: �r CC: RE: COMMENTS: 'C. 4 & ,ti :5 o jt,' ecjQ4'v^ ci s -t-, c e� /"` �?o �,a_� This message is intended only for the use of the individual or entity to which it is bddressed and may contain information that is privileged, that a y distribution and exempt from disclosure under applicable law, If the reader of this message is not the intended recipient, you are hereby notified that any distribution of copying of this communication is strictly prohibited. If you have received this communication in error, please notify Washington Trust Bank by phone or return the originni transmission to the address listed below via U.S. postal Service, 3251 E, PRESIDENTIAL DR. .(f% I*rc /� ` �•��{ MERMIAN, ID 83642 FILE No.220 04/19 '07 09:14 ID:WASHINGTON TRUST BANK -ftshington Trust Bank 11� City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: FAX:12088842703 e .� IRREVOCABLESTANDHY LETTER OF CREDIT NO, 24123 AMOUNT: $351,313.67 DATE: MARCH 9, 2007 PAGE 2/ 4 We hereby establish our Irrevocable Standby Letter of Credit No. 24123 in your favor for the account of BACKMAN CONSTRUCTION, INC., 1375 E. Braemere Road, Boise, ID 83702, up to the aggregate amount of THREE HUNDRED FIFTY ONE THOUSAND THREE I�pRBp rHSRTEEN AND b7/I00--------Hollers ($351,313.67) U.S.. currency, available b your a on us ad presented to Washington Trust Bank on or before MARCH 9, 2008 and accompanied by the following; coverng(Larkspur Subdrawn at division on Non2 1. A signed statement from the City of Meridian reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No, 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 24123 "- Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E, Presidential Drive, Meridian, ID 83642, on or before MARCH 9, 2008. All drawings under this credit will be, governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. 'ashington Trust Financial Center PEr- 40�-. �C',s •vim �.lr'`�,-�.' cerely, Rashe right Assistant Vice President Commercial Services Group o. Box 2127, Spokane, Washington 99210.2127 (509)353-4177 Fax (509)353-3905 FILE No.220 04/19 '07 09:14 ID:WASHINGTON TRUST BANK ti r FAX:12088842703 PAGE 3/ 4 0 ix a � @�) Qi lD o0 co O o c s N r n EA is N Cnc6©-4 0 O C) O G C O C O O p 0 o, a O O 0 O1O in n n NN ooh :0 0 mma b a �a 1 fiN coro a ' � D a fi f*44 ix Qi lD o0 co O o c s N N n EA is N Cnc6©-4 0 O C) O G C O C O O p 0 o, a O O 0 O1O in n n w 3;r�" w" n� m� 'Dn W 00 oo a� Cn oo �* w -' �a~o�o©cOnb9©I C A cr,woorno-•��w,� � �0000po�oo'��o� O "tt W m b9 69 w rn p O w co �,.I cD ix cs, 74 !W rn 0 -4 0 w q N --iaoac©c0000 0 vro�-o ozzroro-uCr o, a Cr Cr NN ooh :0 0 mma b a �a R ao coro a FILE No.220 04/19 '07 09:15 ID:WASHINGTON TRUST BANK FAX:12088842703 PAGE 41 4 Washington Trust Barak �1 IRREVOCABLE STANDBY LETTER OF CREDIT NO, 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of FOUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 -------- Dollars ($480,878.87) U,S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: I. A signed statement from the City of Meridian reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit, All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No, 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500, Washington Trust Financial Center Sincerely, Renne R. Ditton Assistant Vice President Commercial Services Group P. O, Box 2127, Spokane, Washington 99210-2127 (509) 353-4! 77 Fax (509) 353-3905 �, Transmission Report Date/Time 03-30-2007 01:48:23 p.m. Transmit Header Text City of Meridian Idaho Local ID 1 2088884218 Local Name 1 Line 1 Local ID 2 Local Name 2 Line 2 This document: Confirmed (reduced sample and details below) Document size : 8.5 "x11 " ionwrl i MAYOR Tammy de Wee rd CITY COUNCIL IVISMAFRS K!'Itit 3nx1 Joseph W. Bnrtm Charles M. Rountree Shaun Wardle March 19, 2007 CITY 1-)FPATtTMeN'rs City AttormyJldlt Renne R. Ditton 898 Main398 .554[+ (City Attrrrney) International Banking Department 898-5-='m(MIZ) Washington Trust Bank Fax 884-8723 P.O. Box 2127 Rue Spokane, WA 99210-2127 510 E. Franklin Road 509-353-4177 fax 509-353-3905 8&9-12341 fax 895-0990 Parks & Recreation Rei Return Letter of Credit for Larkspur Subdivision #2 11 w. fir+,ver street for Larkspur, LLC 888-3079 / fax 898-5501 Planning After a site inspection and review of Larkspur Subdivision #2 project by 660 E- Watertower tape the Planning Department and the Public Works Department, it has been Suite 202 RR4-5333/tax 888-6844 determined to release the Letter of Credit of $480,8 78.67 to you for some of the completed site improvements. Please use this letter as Police authorization for Washington Trust Bank to release the Irrevocable 888-ti67S! fax 8,16-7-3666 E. WafeHower Zane 8A & Standby Letter of Credit No. 22916. There will be a new Letter of Credit issued to cover the uncompleted site improvements. Public Warks SUi e. 60 rntwer Lane suite zoo If you have an p y y Y y questions lease contact me. Thank ou for aur 898-55M / fax 895-9551 cooperation- - Building 660 E. Watertower Lane Sincerely Suite 150 587-2211 (fax 887-1P}7 ` - Wastewater _vf/r�//_, 3401 N. Text Mile Rand 888-2191 / fax 884-0-744 William O. Berg, Jr. City Clerk Water 2235 N.W. 8th Street 88&5243 / fax &44-1159 �nLYOSure CITY I-IALL 33 FAs-r IDAFID Avr---Nor: MER1n1AN1, 1DA110 8364.2 (208)8M-4433 CttYCCARK-FAX W4218 FINA[.4:EktITiLRY UItJ.I.vE;-FA%aR]-1313 VAYOR'SOFfTCF.-J*AXM-8719 pb.teA.ui —yH'.d payer Total Pages Scanned : 1 Total Pages Confirmed : 1 No. Job Remote Station Start Time I Duration Pages Line Mode Job Type Results 001 1011 2083950230 01:47:43 p.m. 03-30-2007 00:00:17 1/1 1 EC I HS JCP2100 Abbreviations: HS: Host send PL: Polled local MP: Mailbox print TU: Terminated by user HR: Host receive PR: Polled remote CP: Completed TS: Terminated by system G3: Group 3 WS: Waiting send MS: Mailbox save FA: Fail RP: Report EC: Error Correct SURETY SPREADSHEET Project Name: LARKSPUR #2 Date Compiled: 11/6/2006 Letter of Credit/Bond No.: 22916 Issued By: WASHINGTON TRUST BANK Expiration Date: 9/6/2007 Check No.: Party Responsible Date Signed Off/ Item Unfinished Partial Surety For Sign -Off Person Comments Sanitary Sewer -internal Sanitary Sewer -offsite Water -internal $87,527.00 $128,415.00 $8,752.70 $0.00 $12,841.50 $96,279.70 $0.00 $141,256.50 Public Works reduce to i as of 3L8/07=$43763.50 Public Works reduce to 50% as of 3/8/07=$64207.50 Water- Offsite Street Lights $8,280.00 $0.00 $828.00 $0.00 $9,108.00 Public Works Building Landscaping $48,789.00 $4,878.90 $53,667.90 PZ Pathways $0.00 $0.00 PZ Fencing $63,995.61 $6,399.56 $70,395.17 PZ Tiling $0.00 $0.00 PZ Pressurized Irrigation $35,606.00 $3,560.60 $39,166.60 NMID Gravity Irrigation $58,050.00 $5,805.00 $63,855.00 NMID Other: Gazebo $6,500.00 $650.00 $7,150.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL: $437,162.61 $43,716.26 $480,878.87 Authorized reduction 129565.2 as of 3/8/07 amendment to be brought in kg BALANCE TO REMAIN: $351,313.67 3/12/07 RELEASE IN FULL - THEY HAVE SUBMITTED A WHOLE NEW LOC -- KG Page 1 of 1 Will Berg From: Karie Glenn Sent: Monday, March 12, 2007 3:31 PM To: Will Berg Subject: Larkspur #210C RELEASE Attachments: Larkspur #2.xls I have attached a detail sheet for a LOC that can be released in full -- no there are not many items signed off, but we were able to reduce a couple and rather than just giving us an amendment the bank issued a whole new LOC. The new LOC will be in your box tomorrow during my city hall run. THANKS kg 3/30/2007 RECEIVED Nov - 6 2006 City of Meridian Cita► Clerk ®ffict- L iy� A�ft a a I a To: Will Berg From: Lenard A Grady, P.E. CC: File, Karie, P & Z Staff Date: 11/6/06 Re: Larkspur #2 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. 22916 (Washington Trust Bank — dated 9/6/06) for $480,878.87. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Lance Warnik w/Treasure Valley Engineers @ 463-0305 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 gmdyl6-V11nerdiancit�org N O> N ia LL 0 U) Q WashingtonTrust Bank � III IRREVOCABLE STANDBY LETTER OF CREDIT NO. 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of FOUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 ------- Dollars ($480,878.87) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: 1. A signed statement from the City of Meridian reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause 'Drawn under Washington Trust Bank Letter of Credit No. 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Sincerely, Renne R. Ditton Assistant Vice President Commercial Services Group Washington Trust Financial Center P. O. Box 2127, Spokane, Washington 99210-2127 (509) 353-4177 Fax (509) 353-3905 Washington Trust Bank r IRREVOCABLE STANDBY LETTER OF CREDIT NO. 22916 AMOUNT: $480,878.87 DATE: SEPTEMBER 6, 2006 City of Meridian Attn: Will Berg 33 E. Idaho Ave. Meridian, ID 83642 Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 22916 in your favor for the account of Greenspur Investments, LLC, 1883 N. Wildwood Street, Boise, ID 83713, up to the aggregate amount of FOUR HUNDRED EIGHTY THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 87/100 -------- Dollars ($480,878.87) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before SEPTEMBER 6, 2007 covering Larkspur Subdivision No. 2 and accompanied by the following: 1. A signed statement from the City of Meridian reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements at Larkspur Subdivision No. 2." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause 'Drawn under Washington Trust Bank Letter of Credit No. 22916". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terns of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, Fairview Branch, 3251 E. Presidential Drive, Meridian, ID 83642, on or before SEPTEMBER 6, 2007. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Sincerely, 4 Renne R. Ditton Assistant Vice President Commercial Services Group Washington Trust Financial Center P. O. Box 2127, Spokane, Washington 99210-2127 (509) 353-4177 Fax (509) 353-3905 SURETY SPREADSHEET Project Name: LARKSPUR #2 Date Compiled: 11/6/2006 Letter of Credit/Bond No.: 22916 Issued By: WASHINGTON TRUST BANK Expiration Date: 9/6/2007 Check No.: Party Responsible Date Signed Off/ Item Unfinished Partial Surety For Sign -Off Person Comments Sanitary Sewer -internal Sanitary Sewer -offsite Water -internal Water- Offsite $87,527.00 $128,415.00 $8,752.70 $0.00 $12,841.50 $0.00 $96,279.70 $0.00 $141,256.50 $0.00 Public Works reduce to 5GWas o 3/8/07=$43763.50 _ Public Works reduce to 509i as o _. 3/8/07=$64207.50 Public Works - - Street Lights $8,280.00 $828.00 $9,108.00 Building Landscaping $48,789.00 $4,878.90 $53,667.90 PZ Pathways $0.00 $0.00 PZ Fencing $63,995.61 $6,399.56 $70,395.17 PZ Tiling $0.00 $0.00 PZ Pressurized Irrigation $35,606.00 $3,560.60 $39,166.60 NMID Gravity Irrigation $58,050.00 $5,805.00 $63,855.00 NMID Other: Gazebo $6,500.00 $650.00 $7,150.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00' TOTAL: $437,162.61 $43,716.26 $480,878.87 Authorized reduction 129565.2 as of 3/8/07 amendment to be brought in kg L_3/12/07 BALANCE TO REMAIN: $351,313.67 RELEASE IN FULL - THEY HAVE SUBMITTED A WHOLE NEW LOC -- KG Page 1 of 1 Will Berg From: Karie Glenn Sent: Tuesday, May 01, 2007 10:56 AM To: Will Berg Cc: Sharon Smith Subject: FW: Larkspur #210C RELEASE Attachments: Larkspur #2.xls Please pull from vault and contact Ron Sargent at 371-6110 for pickup From: Karie Glenn Sent: Monday, March 12, 2007 3:31 PM To: Will Berg Subject: Larkspur #210C RELEASE I have attached a detail sheet for a LOC that can be released in full -- no there are not many items signed off, but we were able to reduce a couple and rather than just giving us an amendment the bank issued a whole new LOC. The new LOC will be in your box tomorrow during my city hall run THANKS kg 5/11/2007