HomeMy WebLinkAboutAegean Estates Subdivision No. 1 Release of Warranty Surety ADA COUNTY RECORDER Trent Tripple 2023-058917
BOISE IDAHO Pgs=2 NIKOLA OLSON 10/17/2023 09:12 AM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Aegean Estates Subdivision No. I
Between
CHALLENGER DEVELOPMENT, INC.
And
CITY OF MERIDIAN
The Development Surety Agreement,recorded as Instrument# 2021-057977, entered by and between
the City of Meridian("City"), a Municipal Corporation, and Challenger Development, Inc.,
("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.
T1S Doll O11,C1 °��
STATE OF IDAHO )
ss
County of Ada )
On this 17th day of October 2023, 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 or knows the person who executed the
instrument on behalf of said City,and acknowledged to me that such City executed the same.
(SEAL) Notary Public for Idaho
Residing at: Meridian; daho
CHARLENE WAY Commission expires: 3-28-2028
COMMISSION No. 67390
NOTARY PUBLIC
STATE OF IDAHO
y of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Prone 208-888-4433 • Fax 208-887-4813 • www.meridiancityDrg
Mayor Robert E. Simison
City Council Members:
C� 'illy
E I D I A N
f Joe Borton John Overton
Liz Strader Jessica Perreault
t
Brad Hoaglun Luke Cavener
amm
October 13, 2023
Corey Barton — President
Challenger Development, Inc.
1977 E. Overland Road
Meridian, ID 83642
RE: Aegean Estates Subdivision No. 1 — Discharge from Warranty responsibility and Satisfaction
of Development Surety Agreement
Dear Corey Barton:
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 April 12,
2021 and recorded as Ada County Instrument No. 2021-057977. 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