HomeMy WebLinkAboutSilver Ridge ApartmentsADA COUNTY RECORDER Phil McGrane 2023-000235
BOISE IDAHO Pgs=1 BONNIE OBERBILLIG 01/03/2023 01:47 PM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Silver Ridge Apartments
Between
SILVERSTONE APARTMENTS, LLC
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2020-132936, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Silverstone Apartments, LLC.
("Developer"), has been satisfied in accordance with the City's requirements.
Attached hereto is the City Engineer's letter confirming
Improvements set forth in the Agreeme an tWity;s
Chris
STATE OF IDAHO )
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County of Ada )
Cl
� aff i •equired Public
release of' t warranty surety.
�City of
Ejij\IDIAN-I—
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,-d. 2023
On this day of , �4, before me, a Notary Public,
personally appeared Chris Johnson known or identio 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, and acknowlegged ty�me that such 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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December 23, 2022
Mr. Zach Evans
Silverstone Apartments, LLC
7761 W. Riverside Dr. Suite 100
Boise, ID 83714
Mayor Robert E Simison
City Council Members:
Treg Bernt Brad Hoaglun
Joe Borton Jessica Perreault
Luke Cavener Liz Strader
RE: Silver Ridge Apartments — Discharge from Warranty responsibility and Satisfaction of
Development Surety Agreement
Dear Zach Evans:
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 October 05, 2020 and recorded as Ada County Instrument No. 2020-132936. 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