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HomeMy WebLinkAboutVerado Subdivision No.2ADA COUNTY RECORDER Phil McGrane 2020-128408 BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 09/29/2020 10:15 AM CITY OF MERIDIAN, IDAHO NO FEE NOTICE SATISFACTION OF DEVELOPMENT SURETY AGREEMENT and RELEASE OF WARRANTY SURETY For The Development Known As: Verado Subdivision No. 2 Between C 15, LLC. And CITY OF MERIDIAN The Development Surety Agreement, recorded as Instrument # 2018-083266, entered by and between the City of Meridian ("City"), a Municipal Corporation, and C15, LLC., ("Developer"), has been satisfied in accordance with the City's requirements. Attached hereto is the City Engineer's letter confirming completion of all the required Public Improvements set forth in the Agreement and the City's consent to rele4lty surety. STATE OF IDAHO ) SS County of Ada ) EN101AN IDAHO SEAL On this ?-9*�Iday of Se e.vv�6e C' 2020, before me, a Notary Public, personally appeared Chris Johnson known or identified to me to be the City Clerk, respectively, of the City of Meridian , who executed the instrument or k n o w s the person who executed the instrument on behalf of said City, and acknowledged to rAe that such City executed the same. (SEA ''t,D ISBIO ! ' tary Public or ahoy \ ® 20I923y7 Residing at: .LLI e Commission expir 0 4es: 0$ 25 C ,— City of Meridian • 33 E. Broadway Avenue Meridian, ID83642 Phone 208-888-4433 • Fax 208-887-4813 - www .meridiancity org CQ/rE IDIAN�-- September 28, 2020 Mayor Robert E Simison City Council Members: Treg Bernt Brad Hoaglun Joe Borton Jessica Perreault Luke Cavener Liz Strader Mr. Jim Conger Hi -Grade Underground, Inc. C15, LLC 521 E. 3rd 4824 W. Fairview Avenue Meridian, ID 83642 Boise, ID 83706 RE: Verado Subdivision No. 2 — Discharge from warranty responsibility and Satisfaction of Development Surety Agreement Dear Mr. Jim Conger: 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 August 31, 2018 and recorded as Ada County Instrument No. 2018-083266. The City will record a notice of satisfaction of the recorded Instrument and release of Warranty Surety. Sincerely, 44Z�7�_ 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