HomeMy WebLinkAboutArch Rock Terrace Satisfaction of Development Surety Agreement and Release of Warranty Suretyrd
ADA COUNTY RECORDER Christopher D. Rich 2017-043532
BOISE IDAHO Pgs=2 LISA BATT 05/16/2017 10:35 AM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Arch Rock Terrace Subdivision
Between
Marcum Homes, LLC
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 113068408, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Marcum Homes, LLC ("Developer"), has
been satisfied in accordance with the City's requirements.
Attached hereto is the City Engineer's letter conf ing completion of all the required Public
Improvements set forth in the Agreement and i 's consent to release otth&lwarranty surety.
. Jayof s,City Clerk
STATE OF IDAHO )
ss
County of Ada )
On this day of M _, 2017, before me, a Notary Public,
personally appeared C. Jay Coles known or ide tied to me to be the City Cleric, respectively, of
the City of Meridian, who executed the instrument or knows the person who executed the
instrument on behalf of said City, and acknowledged to me that such City executed the same.
OTAhi
(SEAL) Notary Public fo aho
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Residing at:
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City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org
'.
cm, IDIAN
:--MAHO
May 11, 2017
Mayor Tammy de Weerd
City Council Members:
Keith Bird Joe Bortorr
Luke Cavener Genesis Milam
Ty Palmer Anne Little Roberts
Mr. Dirk Marcum Knife River Company — Southern Idaho Div.
Marcum Homes, LLC 5450 W. Gowan Road
1735 S. Millenium Way Boise, ID 83709
Meridian, ID 83642
RE Arch Rock Terrace Subdivision — Discharge from warranty responsibility and Satisfaction
of Development Surety Agreement
Dear Mr. Marcum:
This letter is the final documentation from the on-site warranty inspection and the review of the
deliverables provided to the City for the above noted project.
The Public Works Department confirms that a warranty inspection has been performed and no
apparent non-compliant items currently exist. Therefore we are discharging you from the two-
year warranty responsibility which commenced on the date of this projects formal acceptance
letter. We hereby also consent to the release of the Warranty Surety being held by the City
during the term of the warranty period and satisfaction of that certain Development Surety
Agreement dated June 7, 2013 and recorded as Ada County Instrument No. 113068408. The
City will record a notice of satisfaction of the recorded Instrument and release of Warranty
Surety.
Sincer ly,
Warren Stewart, P.E.
City Engineer
cc. City Clerk
PW - Water Division
PW - Wastewater Division
PW - Construction Division
PW - Engineering
Community Development Dept.
File
Public Works Department . 33 E Broadway Ave, Suite 200, Meridian, ID 83642
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Phone 208-884-5533 . Fax 208-888-6854 . www.meridiancity.org