HomeMy WebLinkAboutVicenza Valley SubdivisionADA COUNTY RECORDER Phil McGrane 2020-106090
BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 08/19/2020 08:43 AM
CITY OF MERIDIAN, IDAHO NO FEE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Vicenza Valley Subdivision
Between
COTTONWOOD DEVELOPMENT, LLC.
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2018-040115, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Cottonwood Development, LLC,
("Developer"), has been satisfied in accordance with the City's requirements.
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Attached hereto is the City Engineer's letter confirming co le
Improvements set forth in the Agreement and the City's cons t'fo release of
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STATE OF IDAHO
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County of Ada
qUired Public
q arranty surety.
On this j_j day of 2020, before me, a Notary Public,
personally appeared Chris Johnson known or dentified to me to be the City Clerk, respectively,
of the City of Meridian, who executed the instrument or knows the person who executed the
instrument on behalf of said City, An`—danowledged to me that such City executed the same.
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NOTARY PUBLIC
STATF OF IDAHO
City of Meridian - 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433 - Fax 208-887-4813 - www.meridiancity.org
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Mayor Robert E Simison
EiCity Council Members:
Treg Bernt Brad Hoaglun
C�wl Joe Borton Jessica Perreault
`° Luke Cavener Liz Strader
August 14, 2020
Mr. Mike McCollum, Manager Idaho Materials & Construction
Cottonwood Development, LLC. P.O. Box 1310
398 E. Cooper Ridge Street Nampa, ID 83653
Meridian, ID 83646
RE: Vicenza Valley Subdivision — Discharge from warranty responsibility and Satisfaction of
Development Surety Agreement
Dear Mr. Mike McCollum:
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 May 03, 2018 and recorded as Ada County Instrument No. 2018-040115. The City will
record a notice of satisfaction of the recorded Instrument and release of Warranty Surety.
Sincerely,
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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
Phone 208-898-5500 . Fax 208-898-9551 . www.meridiancity.org