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HomeMy WebLinkAboutCaven Ridge Estates East Subdivision No. 2ADA COUNTY RECORDER Phil McGrane 2020-145654 BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 10/28/2020 12:19 PM CITY OF MERIDIAN, IDAHO NO FEE NOTICE SATISFACTION OF DEVELOPMENT SURETY AGREEMENT and RELEASE OF WARRANTY SURETY For The Development Known As: Caven Ridge Estates East Subdivision No. 2 Between CAVANAUGH JV, LLC. And CITY OF MERIDIAN The Development Surety Agreement, recorded as Instrument # 2019-008556, entered by and between the City of Meridian ("City"), a Municipal Corporation, and Cavanaugh JV, 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 re the warranty surety. NCO, 430VATEDAtj Cry of raw .k dnH 9e PeFt,s��e,0e'° STATE OF IDAHO ) ss County of Ada ) On this 2-1dayof()L-�nbu- , 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 r k n o w s the person who executed the instrument on behalf of said City, and acknowledge�tp.rthat such City executed the same. teary Public'fk IM Residing at: f, n N Commission expires: City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642 Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org E IDIAN.;�,� - A = October 23, 2020 Mr. Ryan Minert, Manager Superior Construction Cavanaugh JV, LLC P.O. Box 455 3327 N. Eagle Road, Suite 110-148 Meridian, ID 83680 Meridian, ID 83646 Mayor Robert E Simison City Council Members: Treg Bernt Brad Hoaglun Joe Borton Jessica Perreault Luke Cavener Liz Strader RE: Caven Ridge Estates East No. 2 — Discharge from warranty responsibility and Satisfaction of Development Surety Agreement Dear Mr. Ryan Minert: 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 project's 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 February 01, 2019 and recorded as Ada County Instrument No. 2019-008556. The City will record a notice of satisfaction of the recorded Instrument and release of Warranty Surety. Sincerely, 44��� 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