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Home My WebLink AboutBonding, Signing, Recording Final Platr CITY OF Rr 1 �YIG�1G>E"1? IDAHO CFR /Me TREi15URE VAU-EY SINCE 1903 MAYOR I Tammy de Weerd CITY COUNCIL MEMBERS Keith Bird Joseph W. Borton Charles M. Rountree Shaun Wardle May 8, 2006 CITY DEPARTMENTS City Attorney/HR Ms. Glenda A. Martin 703 Main Street 898-5506 (City Attorney) RBC Centura Bank 898-5503 (HR) International Department Fax 884-8723 200 Providence Road, 3rd Floor Fire Charlotte, NC 28207 540 E. Franklin Road 704-686-1467 fax 704-686-9498 1-800-938-6299 888-1234/fax 895-0390 for the completion of street lights, landscaping and fencing. Please use Parks & Recreation Re. Return Letter of Credit for Sutherland Farms Subdivision # 4 11 W. Bower Street for Sutherland Downs, LP 888-3579/fax 898-5501 Planning After a site inspection and review of Sutherland Farms Subdivision # 4 660 E. Watertower Lane Suite Project by the Planning Department and the Public Works Department, it 202 884-5533/fax 888-6844 has been determined to release the Letter of Credit of $54 271 27 to , you 888-2191/fax 884-0744 for the completion of street lights, landscaping and fencing. Please use Police 1401 E. Watertower Lane this letter as authorization for RBC Centura Bank to release the 888-6678/fax 846-7366 Irrevocable Letter of Credit No. SB003278. Public Works 660 E. Watertower Lane If you have any questions please contact me. Thank ou for our y y Suite 200 cooperation. 898-5500/fax 895-9551 - Building Sincerely 660 E. Watertower Lane Suite 150 887-2211 /fax 887-1297 <�rzt� - Wastewater William G. Berg, Jr. 3401 N. Ten Mile Road City Clerk 888-2191/fax 884-0744 - Water Enclosure 2235 N.W. 8th Street 888-5242/fax 884-1159 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 RBC Centura TM Issue Date: Expiry Date International Services - Standby UC Unit 200 Providence Rd., 3rd Floor Charlotte, NC 28207 S.W.I.F.T.: CNTAUS33 Telex: 49606655 CENTURABKINGTL (704) 686-1467 OR (704) 686-1194 (704) 686-1498 Fax 1-800-938-6299 Irrevocable Standby Letter of Credit Number SB003278 September 19, 2005 Amount: $54,271.27 U.S. Dollars Fifty Four Thousand Two Hundred Seventy September 19, 2006 One and 27/ 100 United States Dollars Applicant: Sutherland Downs, LP 1771 N Wildwood Boise, ID 83713 Gentlemen: Beneficiary: City of Meridian 669 E. Watertower Lane, Suite 200 Meridian, ID 83642 On behalf of Sutherland Downs, LP, we hereby establish in your favor our Irrevocable Standby Letter of Credit Number SB003278 (this "Letter of Credit") up to the aggregate amount of USD$54,271.27 U.S. Dollars (United States Dollars Fifty Four Thousand Two Hundred Seventy One and 27/ 100 United States Dollars and 59/100). Funds under this Letter of Credit are available with us by payment against presentation of your sight draft(s) drawn on us, marked "Drawn under RBC Centura Bank Irrevocable Standby Letter of Credit SB003278", accompanied by: 1. Your written signed and dated statement stating: "I> , an authorized officer of City of Meridian, with respect to RBC Centura Bank Irrevocable Standby Letter of Credit SB003278, hereby certify that the amount of the draft USD $ represents the amount of money required to complete Sutherland Downs, LP subdivision improvements and/or other work as is incidental and related thereto in accordance with the drawing and specifications as submitted to the City of Meridian", and, 2. This original Letter of Credit. Multiple drawings hereunder are permitted. This Letter of Credit is effective immediately and shall expire at the office located at 200 Providence Road, 3rd Floor, Charlotte, NC 28207, Attention: International Services - Standby L/C Unit on or before September 19, 2006. We hereby undertake that the drafts drawn under and in compliance with the terms and conditions of this Letter of Credit will be duly honored. This Letter of Credit is subject to the "Uniform Customs and Practices for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500." Sincerely, R C Centur Ban thorized Sign ture Centura Bank Authorized Signature SURETY SPREADSHEET Project Name: Sutherland Farm #4 Date Compiled: 6/6/2005 Letter of Credit/Bond No.: Issued By: Great Sky Expiration Date: "a 9/19/2006 Check No.: 3148 SB003278 Party Responsible Date Signed Off/ Item Unfinished Partial Surety For Sign -Off Person Comments Sanitary Sewer -internal $9,207.70 $9,207.70 Public Works 7/20/05 RF Sanitary Sewer -offsite $0.00 $0.00 Water -internal $8,490.00 $8,490.00 Public Works 7/20/05 RF Water- Offsite $0.00 $0.00 Public Works Street Lights $15,295.00 $1,529.50 $16,824.50 Building 5119/05 JW Landscaping $49,337.52 $4,933.75 $54,271.27 PZ 514/06 CH Pathways $0.00 $0.00 PZ Fencing $49,361.70 $4,936.17 $54,297.87 PZ 8/2/05 JW Tiling $0.00 $0.00 PZ Pressurized Irrigation $7,261.00 $7,261.00 NMID 7/26/05 NMID 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: $113,994.22 $36,358.12 $150,352.34 7/22/05 REFUND APPROVED 35022.2 PER KG 9/19/05 REFUND APPROVED 61058.87 PER KG 9/26/05 REFUND OF REMAINING CASH - TRADED FOR LOC BALANACE REMAINING $54,271.27 5/4/06 READY TO RELEASE IN FULL KG Will Ber From: Karie Glenn Sent: Thursday, May 04, 2006 12:14 PM To: Will Berg Subject: Sutherland Farm #4.xis Attachments: Sutherland Farm #4.xls I Sutherland Farm #4.xls (17 KB)... Attached detail sheet ready to release in full. 8RBC Centura TM International Services - Standby UC Unit 200 Providence Rd., 3rd Floor Charlotte, NC 28207 S.W.I.F.T.: CNTAUS33 Telex: 49606655 CENTURABKINGTL (704) 686-1467 OR (704) 686-1194 (704) 686-1498 Fax 1-800-938-6299 Irrevocable Standby Letter of Credit Number SB003278 Issue Date: September 19, 2005 Amount: $54,271.27 U.S. Dollars Fifty Four Thousand Two Hundred Seventy Expiry Date: September 19, 2006 One and 27/ 100 United States Dollars Applicant: Sutherland Downs, LP 1771 N Wildwood Boise, ID 83713 Gentlemen: Beneficiary: City of Meridian 669 E. Watertower Lane, Suite 200 Meridian, ID 83642 On behalf of Sutherland Downs, LP, we hereby establish in your favor our Irrevocable Standby Letter of Credit Number SB003278 (this "Letter of Credit") up to the aggregate amount of USD$54,271.27 U.S. Dollars (United States Dollars Fifty Four Thousand Two Hundred Seventy One and 27/ 100 United States Dollars and 59/100). Funds under this Letter of Credit are available with us by payment against presentation of your sight draft(s) drawn on us, marked "Drawn under RBC Centura Bank Irrevocable Standby Letter of Credit S13003278", accompanied by: 1. Your written signed and dated statement stating: "I , an authorized officer of City of Meridian, with respect to RBC Centura Bank Irrevocable Standby Letter of Credit SB003278, hereby certify that the amount of the draft USD $ represents the amount of money required to complete Sutherland Downs, LP subdivision improvements and/or other work as is incidental and related thereto in accordance with the drawing and specifications as submitted to the City of Meridian", and, 2. This original Letter of Credit. Multiple drawings hereunder are permitted. This Letter of Credit is effective immediately and shall expire at the office located at 200 Providence Road, 3rd Floor, Charlotte, NC 28207, Attention: International Services - Standby L/C Unit on or before September 19, 2006. We hereby undertake that the drafts drawn under and in compliance with the terms and conditions of this Letter of Credit will be duly honored. This Letter of Credit is subject to the "Uniform Customs and Practices for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500." Sincerely, R C Centur Ba nn I'17�1 , I I Lk� ,Yuthorized Sign ture a, 04 - Centura Bank r Authorized Signature SURETY SPREADSHEET Project Name: Sutherland Farm #4 Date Compiled: 6/6/2005 Letter of Credit/Bond No.: Issued By: Great Sky Expiration Date: Ra 9/19/2006 Check No.: 31-40 SB003278 Item Unfinished Partial surety Party Responsible For Sion -Off Date Signed Off/ Person Comments Sanitary Sewer -internal $9,207.70 $9,207.70 Public Works 7/20105 RF Sanitary Sewer-oftite $0.00 $O.W Water -internal $8,490.00 $8,490.00 Public Works 7/20/05 RF Water- Offsite $0.00 $0.00 Public Works Street Lights Landscaping Pathways $15,295.00 $1,529.50 $49,337.52 $4,933.75 $0.00 $16,824.50 $54,271.27 $0.00 Building PZ PZ 5/19/05 JW rE Fencing $49,361.70 $4.936.17 $54.297.87 PZ 8/2/05 JW Tiling Pressurized Irrigation $0.00 $7,281.00 $0.00 $7,261.00 PZ NMID 7/26/05 NMID Gravity Irrigation $0.00 $0.00 NMID Other. -- $0.00 $0.00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.� TOTAL: $113,994.22 $36,358.12 $150,352.34 7/22/05 REFUND APPROVED 35022.2 PER KG 9119/05 REFUND APPROVED 61058.87 PER KG 9/26/06 REFUND OF REMAINING CASH - TRADED FOR IAC BALANACE REMAINING $54,271.27 �V13& 4MAI u3b. ��. ECEIVE SEP 2 6 2005 City of Meridian City Clerk Office