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HomeMy WebLinkAboutVicenza Commons Sub. fka Vicenza Sub. No. 6ADA COUNTY RECORDER Phil McGrane 2021-011613 BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 01/22/2021 11:42 AM CITY OF MERIDIAN, IDAHO NO FEE NOTICE SATISFACTION OF DEVELOPMENT SURETY AGREEMENT and RELEASE OF WARRANTY SURETY For The Development Known As: Vicenza Commons Subdivision flea Vicenza Subdivision No. 6 Between COTTONWOOD DEVELOPMENT, LLC. And CITY OF MERIDIAN The Development Surety Agreement, recorded as Instrument # 2018-085156, 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. 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 relgtofthaaanty surety. j, . r. (11:*y C"ity of E IV D I A .IUAN) C ris J n,CiLy-C—J� F` SEAL STATE OF IDAHO ) ss County of Ada ) ,\�21 On this dav day of p, r 262@; before me, a Notary Public, personally, appeared Chris Johnson known or identi ed to me of the City of Meridian, who executed the instrument or kno instrument on behalf of said ,City, and acknowledged to me th060006 t s O (SEAW� ° " � N y Public for Id o 'E MIS WN: #20192357 csiding at: U Q. ® O / Commission expires: to be the City Clerk, respectively, ws the person who executed the such City executed the same. City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642 Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancityorg ��E IDIZ IAN,- January 12, 2021 Mayor Robert E Simison City Council Members: Treg Bernt Brad Hoaglun Joe Borton Jessica Perreault Luke Cavener Liz Strader Mr. Michael McCollum Titanium Excavation Cottonwood Development, LLC 812 West Laurel Street 398 E. Copper Ridge Street Caldwell, ID 83605 Meridian, ID 83646 RE: Vicenza Commons Subdivision (fka Vicenza Subdivision No. 6) — Discharge from warranty responsibility and Satisfaction of Development Surety Agreement Dear Mr. Michael 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 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 September 07, 2018 and recorded as Ada County Instrument No. 2018-085156. The City will record a notice of satisfaction of the recorded Instrument and release of Warranty Surety. Sincerely, 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