HomeMy WebLinkAboutTimberline Subdivision No. 1ADA COUNTY RECORDER Phil McGrane 2022-058363
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CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Timberline Subdivision No. 1
Between
BAILEY INVESTMENTS, LLC,
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2018-114121, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Bailey Investments, 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 release of the warranty surety.
STATE OF IDAHO )
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County of Ada
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Chris Johns ,City Clerk E ID�IANI-
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On this Z3`dday of 7Une, , 2022, before me, a Notary Public,
personally appeared Chris Johnson known or identified to me to be the City Cleric, respectively,
of the City of Meridian, who executed the instilment or knows the person who executed the
instrument on behalf of said City, and acknowledged�tg me that Ach City executed the same.
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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
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June 22, 2022
Mr. Bruce Hessing
Bailey Investments, LLC
2338 W. Bounder Bar Dr.
Meridian, ID 83646
Mayor Robert E Simison
City Council Members:
Treg Bernt Brad Hoaglun
Joe Borton Jessica Perreault
Luke Cavener Liz Strader
RE: Timberline Subdivision No. 1 — Discharge from Warranty responsibility and Satisfaction
of Development Surety Agreement
Dear Mr. Bruce Hessing:
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 December 03, 2018 and recorded as Ada County Instrument No. 2018-114121. The City
will record a notice of satisfaction of the recorded Instrument and release of Warranty Surety.
Sincerely,
Lk —,I -
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