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Home My WebLink AboutBonding, Signing, Recording Final PlatQ4 CITY OF1 IDAHO �j a Win' °O//5c TI2EnSURE V r��V SN7CE 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 888-6854 Police 1401 E. Watertower Lane 888-6678/fax 846-7366 Public Works 660 E. Watertower Lane Suite 200 898-5500/fax 898-9551 - 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 December 11, 2006 Sagewood Development 2752 S Goshen Way Boise ID 83709 RECEIVED DEC 15 2006 City of Meridiani City Clerk Office RE: SIENNA CREEK #2 Sewer & Water Construction — Final Acceptance 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 Sincer , IJ nard A Grady, P. E. City Engineer, Public Works cc. City Clerk, Water Division, Wastewater Division, File Bailey Engineers DEQ CITY FALL 33 EAST IDAHO AVENUE MERIDIAN, IDAHO 83642 (208) 888-4433 CITY CLERK —FAX 888-4218 FINANCE & UTILITY BILLING —FAX 887-4813 MAYORS OFFICE —FAX 884-8119 Printed on recycled paper 41 Cs��CITY OFfil r } ►�l. �YIG�1G�"YI IDAHO j N,Ek '�'4' TREASURE V N' 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 December 15, 2006 Elizabeth Stoneman Farmers & Merchants State Bank 30 E. Broadway Avenue Meridian, ID 83642 888-1416 fax 888-1346 Re: Return Letter of Credit for Sienna Creek Subdivision #2 by Sagewood Development Corporation After a site inspection and review of Sienna Creek Subdivision #2 Project by the Planning Department and the Public Works Department, it has been determined to release the Letter of Credit of $230,400.68 to you for the completed site improvements of water, sewer, street lights, landscaping, fencing and pressurized irrigation. Please use this letter as authorization for Farmers & Merchants State Bank to release the Irrevocable Standby Letter of Credit No. 788. 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 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 788 ISSUED IN Meridian, Idaho on March 20, 2006 BENEFICIARY: APPLICANT: City of Meridian, Public Works Sagewood Development Corporation 660 E. Watertower Ste 200 2752 S. Goshen Way Meridian, ID 83642 Boise, Idaho 83709 AMOUNT: USD ****$230,400.68**** TWO HUNDRED THIRTY THOUSAND FOUR HUNDRED AND 68/100 UNITED STATES DOLLARS DATE AND PLACE OF EXPIRY: January 17, 2007 Meridian, ID At Our counters. We hereby issue our Irrevocable Standby Letter of Credit in favor of the above named beneficiary. CREDIT AVAILABLE WITH: FARMERS & MERCHANTS STATE BANK 30 E. BROADWAY AVE. MERIDIAN, IDAHO 83642. BY: PAYMENT AVAILABLE BY DRAFTS AT SIGHT DRAWN ON FARMERS & MERCHANTS STATE BANK MERIDIAN, IDAHO Documents Required: Beneficiary's written statement, signed by a person purportedly authorized by the beneficiary, stating that Sagewood Development Corporation has not completed the improvements, as described in item description below, for the Sienna Creek Sub No. 2, located in Ada County, ID. L/C #: 788 PAGE 2 ITEM DESCRIPTION: Sewer — Internal, Sewer — Offsite, Water — Internal, Pressure Irrigation — Internal, Street Lights, Landscaping, and Fencing. 2. The original letter of credit Drafts drawn under this Letter of Credit must bear the clause: "Drawn under Farmers & Merchants State Bank, Irrevocable Standby Letter of Credit No. '183 dated March 20, 2006. We hereby agree to honor each draft drawn under and in compliance with the terms of this credit, if duly presented (together with the documents as specified) at our office on or before the expiry date of this credit. REIMBURSEMENT INSTRUCTIONS: Payment to be effected per your Instructions, against conforming Documents, presented at FARMERS & MERCHANTS STATE BANK, 30 E. BROADWAY AVE. MERIDIAN, IDAHO 83642 This letter of credit is subject to Uniform Customs and Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Farmers & Mer¢I• ants State Bank Terry C. Amos, Vice President & Manager SURETY SPREADSHEET Project Name: SIENNA CREEK #2 Date Compiled: 3/31/2006 Letter of Credit/Bond No.: 788 Issued By: Farmers & Merchants State Bank Expiration Date: 1/17/2007 Check No.: Party Responsible Date Signed Off/ Item Unfinished Partial Surety For Sign -Off Person Comments Sanitary Sewer -internal $42,704.25 $0.00 $42,704.25 Public Works 8/4/06 RF Sanitary Sewer -offsite $22,577.13 $0.00 $22,577.13 8/4/06 RF Water -internal $53,870.00 $0.00 $53,870.00 Public Works 8/4/06 RF Water- Offsite $0.00 $0.00 Public Works Street Lights $5,148.00 $514.80 $5,662.80 Building 8/14/06 HW Landscaping $32,366.00 $3,236.60 $35,602.60 PZ 12/8/06 JL Pathways $0.00 $0.00 PZ Fencing $36,439.91 $3,643.99 $40,083.90 PZ 8/30/06 CH Tiling $0.00 $0.00 PZ Pressurized Irrigation $29,900.00 $0.00 $29,900.00 NMID 12/8/06 SETTLERS Gravity Irrigation $0.00 $0.00 NMID Other: $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL: $223,005.29 $7,395.39 $230,400.68 12/8/06 READY TO RELEASE IN FULL - KG Page 1 of 1 Will Berg From: Justin Lucas Sent: Friday, December 08, 2006 1:20 PM To: Karie Glenn; Mindi Smith; Reta Cunningham; Will Berg Subject: Sienna Creek Sub #2 Sienna Creek Sub #2 (FP -05-040) has completed all landscaping and amenity requirements. Any sureties for landscaping or amenities that are being held for this final plat can be released. Justin S. Lucas Associate City Planner Meridian Planning Department 660 E. Watertower Lane 208.884.5533 208.888.6854 (fax) 12/8/2006 SURETY SPREADSHEET Project Name: Date Compiled: Letter of Credit/Bond No.: Issued By: Expiration Date: Check No.: Item SIENNA CREEK #2 3/31/2006 788 Farmers & Merchants State Bank 1/17/2007 Unfinished Partial Surety Party Responsible For Sign -Off Date Signed Off/ Person Comments Sanitary Sewer -internal $42,704.25 $0.00 $42,704.25 Public Works 8/4/06 RF Sanitary Sewer-offsite $22,577.13 $0.00 $22,577.13 8/4/06 RF Water-internal $53,870.00 $0.00 $53,870.00 Public Works 8/4/06 RF Offsite $0.00 $0.00 Public Works ___iWater- Street Lights Landscaping $5,148.00 $32,366.00 $514.80 $3,236.60 $5,662.80 $35,602.60 Building PZ 8/14/06 HW 12/8/06 JL Pathways $0.00 $0.00 PZ Fencing $36,439.91 $3,643.99 $40,083.90 PZ 8/30/06 CH Tiling $0.00 $0.00 PZ Pressurized Irrigation $29,900.00 $0.00 $29,900.00 NMID 12/8/06 SETTLERS Gravity Irrigation $0.00 $0.00 NMID Other: $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00' TOTAL: $223,005.29 12/8/06 READY TO RELEASE IN FULL - KG $7,395.39 $230,400.68 Page 1 of 1 Will Berg From: Karie Glenn Sent: Monday, December 11, 2006 9:07 AM To: Will Berg Subject: Sienna Creek #210C RELEASE Attachments: Sienna Creek #2.xls Attached detail ready to be released in full. kg 12/11/2006 RECEIVED APR - 3 2006 City of Meridian City Clerk Office Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Karie, P & Z Staff Date: 3/31/06 Re: Sienna Creek #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. 788 (Farmers & Merchants State Bank — dated 3/20/06) for $230,400.68. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Bobi Ulrich w/ Bailey Engineering @ 938-0013 when the plat is ready to be picked up. Please call me if you have any questions. Thank you. 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 • Page 1 giagi dvin,,nerdiancity orQ IRREVOCABLE STANDBY LETTER OF CREDIT NO. 788 ISSUED IN Meridian, Idaho on March 20, 2006 BENEFICIARY: APPLICANT: City of Meridian, Public Works Sagewood Development Corporation 660 E. Watertower Ste 200 2752 S. Goshen Way Meridian, ID 83642 Boise, Idaho 83709 AMOUNT: USD ****$230,400.68**** TWO HUNDRED THIRTY THOUSAND FOUR HUNDRED AND 68/100 UNITED STATES DOLLARS DATE AND PLACE OF EXPIRY.- January XPIRY: January 17, 2007 Meridian, ID At Our counters. We hereby issue our Irrevocable Standby Letter of Credit in favor of the above named beneficiary. CREDIT AVAILABLE WITH: FARMERS & MERCHANTS STATE BANK 30 E. BROADWAY AVE. MERIDIAN, IDAHO 83642. BY: PAYMENT AVAILABLE BY DRAFTS AT SIGHT DRAWN ON.- FARMERS N:FARMERS & MERCHANTS STATE BANK MERIDIAN, IDAHO Documents Required: 1. Beneficiary's written statement, signed by a person purportedly authorized by the beneficiary, stating that Sagewood Development Corporation has not completed the improvements, as described in item description below, for the Sienna Creek Sub No. 2, located in Ada County, ID. ITEM DESCRIPTION: L/C #: 788 PAGE 2 Sewer — Internal, Sewer — Offsite, Water — Internal, Pressure Irrigation — Internal, Street Lights, Landscaping, and Fencing. 2. The original letter of credit. Drafts drawn under this Letter of Credit must bear the clause: "Drawn under Farmers & Merchants State Bank, Irrevocable Standby Letter of Credit No. 783 dated March 20, 2006. We hereby agree to honor each draft drawn under and in compliance with the terms of this credit, if duly presented (together with the documents as specified) at our office on or before the expiry date of this credit. REIMBURSEMENT INSTRUCTIONS: Payment to be effected per your Instructions, against conforming Documents, presented at FARMERS & MERCHANTS STATE BANK, 30 E. BROADWAY AVE. MERIDIAN, IDAHO 83642 This letter of credit is subject to Uniform Customs and Practice for Documentary Credits (1993 Revision) International Chamber of Commerce Publication No. 500. Farmers & Merr ants State Bank Terry C. Amos, Vice President & Manager LL Q N Y