HomeMy WebLinkAboutPine 43 Development Multifamily ApartmentsADA COUNTY RECORDER Trent Tripple 2023-028153
BOISE IDAHO Pgs=1 VICTORIA BAILEY 05/16/2023 01:41 PM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Pine 43 Development Multifamily Apartments
Between
PINE DEVELOPMENT PARTNERS, LLC
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2020-120998, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Pine Development Partners, LLC,
("Developer"), has been satisfied in accordance with the City's requirements.
Attached hereto is the City Engineer's letter confirming completion of all t equired Public
Improvements set forth in the Agreement and the City's consenter re �e (rRe- rranty surety.
Chris JohnsofCity Cler
STATE OF IDAHO )
: ss
County of Ada
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On this day of 2023, before me, a Notary Public,
personally appeared Chris Johnson known or ide ified to me to be the City Cleric, respectively,
of the City of Meridian, who executed the instrument or knows the person who executed the
instrument on behalf of said City, and acknowledged 1p me that suph)City executed the same.
Notary Pu tcfa!
Residin
Commission expires:
City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org
�/rE IDIANA!ft-
DAHO
May 11, 2023
Ben Fierstein - Manager
MW Pine QOZB — Pine Dev Partners, LLC
1109 W. Main St. Suite 390
Boise, ID 83702
Mayor Robert E. Simison
City Council Members:
Joe Borton John Overton
Liz Strader Jessica Perreault
Brad Hoaglun Luke Cavener
RE: Pine 43 Development Multifamily Apartments — Discharge from Warranty responsibility and
Satisfaction of Development Surety Agreement
Dear Ben Fierstein:
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 16, 2020 and recorded as Ada County Instrument No. 2020-120998. The City will record a
notice of satisfaction of the recorded Instrument and release of Warranty Surety.
Sin erely,
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