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Home My WebLink AboutBonding, Signing, Recording Final Plat( �� E IDIAN F. tt[[_tr June 9, 2008 Ron Sargent 1883 N Wildwood Ave Boise ID 83713 RE: SHARP ESTATES Sewer & Water Construction — Final Acceptance Dear Sirs: Mayor Tammy de Weerd City Council Members: Keith Bird Joe Borton Charles Rountree David Zaremba 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. 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 Sincerely, Clint Dolsby Interim City Engineer cc. City Clerk, Water Division, Wastewater Division, File DEQ Public Works Department . 660 E. Watertower Street, Suite 200, Meridian, ID 83642 Phone 208-898-5500 . Fax 208-898-9551 . www.meridiancity.org E IDIANi- AHQ June 17, 2008 US Bank National Association International Department 1420 Fifth Avenue, 9th Floor Seattle, WA 98101 Re: Release of Standby Letter of Credit No. SLCSSEA02922 Sharp Estates Subdivision for Hedge Construction, Inc. Mayor Tammy de Weerd City Council Members: Keith Bird Joe Borton Charles Rountree David Zaremba After a site inspection and review of Sharp Estates Subdivision by the Planning Department and the Public Works Department, it has been determined to release the Standby Letter of Credit in the amount of $123,333.96 to you for the completion of internal sanitary sewer and water, street lights, landscaping, fencing, pressurized irrigation and gravity irrigation. Please use this letter as authorization for US Bank to release the Letter of Credit No. SLCSSEA02922. If you have any questions, please contact me. Thank you for your cooperation. Sincerely, Jaycee L. Holman City Clerk Enclosure C®MPtETE JUN 17 2000 8Y. -Jit embank® 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: 206-344-5374 IRREVOCABLE STANDBY LETTER OF CREDIT --------------------- JULY 27, 2007 BENEFICIARY: APPLICANT: CITY OF MERIDIAN HEDGE CONSTRUCTION, INC. PUBLIC WORKS 1375 E. BRAEMERE RD. 660 E. WATERTOWER, SUITE 200 BOISE, ID 83702 MERIDIAN, ID 83642 ATTN: KARIE GLENN LETTER OF CREDIT NUMBER: SLCSSEA02922 /\/vNj\/\/\/\/V\/\A --------------------------------------------------------------------------------------------------------------------------------- EXPIRY DATE: JULY 27, 2008 AT: OUR COUNTERS PRESENTLY LOCATED AT 1420 FIFTH AVENUE, 9TH FLOOR, INTERNATIONAL DEPARTMENT, SEATTLE, WA, 98101 ON OR BEFORE 5:00 P.M. --------------------------------------------------------------------------------------------------------------------------------- AMOUNT $ 123,333.96 NOT EXCEEDING ONE HUNDRED TWENTY THREE THOUSAND THREE HUNDRED THIRTY THREE AND 96/100 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 HEDGE CONSTRUCTION, INC. TO COMPLETE THE SEWER, WATER, GRAVITY IRRIGATON, PRESSURIZED IRRIGATION, STREET LIGHTS, LANDSCAPING AND FENCING IN SHARP ESTATES SUBDIVISION". 2. THE ORIGINAL OF THIS LETTER OF CREDIT, INCLUDING ANY AMENDMENTS. ADDITIONAL CONDITIONS: 1. PARTIAL DRAWINGS ALLOWED DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE: 'DRAWN UNDER U.S. BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO. SLCSSEA02922". THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (2007 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600". embank® Five Star Service Guaranteed ** 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 U.S. BANK NATIONAL ASSOCIATION INTERNATIONAL BANKING DIVISION AUTHORIZED SIGNATURE Gloria Warrick setter of Credit Officer SURETY SPREADSHEET Project Name: SHARP ESTATES Date Compiled: 8/6/2007 Letter of Credit/Bond No.: SLCSSEA02922 Issued By: US Bank Expiration Date: 7/27/2008 Check No.: Party Responsible Date Signed Off/ Item Unfinished Partial Surety For Sign -Off Person Comments Sanitary Sewer -internal $3,333.98 $0.00 $3,333.98 Public Works 9/26/07 MOJ Sanitary Sewer -offsite $0.00 $0.00 Water -internal $4,122.53 $0.00 $4,122.53 Public Works 9/27/07 MOJ Water- Offsite $0.00 $0.00 Public Works Street Lights $3,706.00 $370.60 $4,076.60 Building 11/6/07 IP Landscaping $42,786.00 $4,278.60 5 12/3/07 BP Pathways $0.00 $0.00 PZ Fencing $31,150.74 $3,115.07 $34,265.81 PZ 10/19/07 CH Tiling $0.00 $0.00 PZ Pressurized Irrigation $16,900.00 $1,690.00 $18,590.00 NMID 6/5/08 NMID Gravity Irrigation $10,800.00 $1,080.00 $11,880.00 NMID 6/5/08 NMID Other: $0.00 $0.00 PW _ - $0.00 $0.00- $0.00 $0.00 - — - _ — _ ---- $0.00 $0.00 - TOTAL: $112,799.25 $10,534.27 $123,333.52 Authorized reduction 1,)-3.333,9(, BALANCE TO REMAIN: $1233a2 6/5/08 READY TO BE RELEASED IN FULL - KG N N LL Q t y cyi v7 0 cv > aaaazzzma.a o0OMOOOOO co 0 v > N Lr 0 U :3 CO) � 0 (�a00 :3g wwIr LJ 1- U)U)U) LJL r J d p a NN 10 0 0 to 0 0 0 0 0 0 00 CE "" cMONOOOO(p�tL') P7 O I � OON M O tcMtfl�tfl0O0 M IT_- Q (04 (fl to V) OOOMOOOOOO14- LO T- 00 0 q tnOOOOOItI- �" O (MONOOOO(O(0O 6s N (a C) 0Vy00000to! � � c'M 00 M IT O (O co N 04 Q 6q V), EA Eii 69- }O 0 0 CD a 0 00 0 0 O O to 0 0 0 0 0 C) 'IT O o0ONOOOOO V* f— r y„ O O to O O O O (O (0 O 00 = MEf3NEAC)C)(AO0000 LOC) O CO O M EA � M � Q(n EA 61). (f} 6% Vx i O w c 4? m c O Q We > N O E O O c E F- O Q L C: N m (a L� m n ,^ V! ri SO-� � .t O E i i m J m � N L Q% ALA`` W ^L^`` m L m � ., N (n � (n •F+ tai .0 (.i ++ N (� O N m m N N m (D O o (nJLL U F- a AUG m 7 2007 City of Meridian City Cleric office Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Karie, P & Z Staff Date: 8/6/07 Re: Sharp Estates 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. SLCSSEA02922 (US Bank — dated 7/27/07) for $123,333.96. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Barb of Tealey's @ 463-0305 ext 110 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 Gradv, P.E. City Engineer Meridian Public Works Department 660 E. Watertower Lane, Suite 200 Meridian, Idaho 83642 (208)898-5500 Fax: (208) 898-9551 rg adadyl(a]merdiancityor