HomeMy WebLinkAboutHatch Industrial ADA COUNTY RECORDER Trent Tripple 2024-014047
BOISE IDAHO Pgs=5 BONNIE OBERBILLIG 03/19/2024 03:52 PM
CITY OF MERIDIAN, IDAHO NO FEE
4 ,i14k111 ARRANTYStJ
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H1S WARRANTY 91TY.Ac3EE1Eifis in ay of
0, y and between the bT 6 It4l y Muntc pal arporatln,
`hcrenafter 'referred °tt► as Cl , and 160' 113 , .Chcrelnafier rfe, ed to f
DEVELOPER,,,,
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IT i"T
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1YNEREAS, DEVELOP~R received:approval f n1
.construction plans{"�enstrtretla�` 1'1 �"1, ��t=t� dvetc� rt%e�t I�t►ri as� te�,�' �r�a� a `�� ;
C' ubdWision P at"} lbc f M*d*In,, W to 0r�str
im`rovernelats` fer; ubtip life fet d "t ile yeattd a d r
1rrprorere its, nr -lifolisfet pdnoi»healthimrvetrtezfs.. `� rdIee tnb� `#� � ;
Trnp>ro ernents )( enured: tiblle;Improve+mentsnterlureilr�eln �e �� Z �t ,
1c tlb
may,be collectcvely referred here>�n as. lnnprovement ,,and 7 � � t �
at
ASS E ELt7PER has<conip c od the�nsfallat�on-6fthe lrnpr'o reme is
REAS,the Unified Dew oprnent Code of tf e Caty f Meridian Section
the'I?��ELUPERexed�e ar>d file-with e CITYan agreement�rovtdln� or� o � �� a, _ �
£a.wz atanty,surety in the , ount:c7f twerttr;percerif of the`cost of i nprcavern is r a o� dot
'Year
.+�!}
WIRIA ,the CITY is agreeably to acceptance ol*the; mprouetneftt cinthe acedIo �thts e
Warranty surety �4greenient and.compliance by the U ELOPER,",
Clnif ed De uelopment'Code cf llze'City o Meridian r a
NCk , HEREC1ItEx in conaderatieri o foregoing muter piraii�s,� eni ��cireet5eztt. �
of tie parties,It is,ereby agreed' ,5 follows w �
l The,� Ito agrees to .c0frect eP77
a r to ct" at In ail sctc er �cf� �
yttjproueznent frcim any defects,ornlssltris or leait1e ,1ln.tie`case kto `
o work thoreof for a pe od of to o{2 alettdar ear m h04
ale
ospch lirvemen z
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T1lltr� e7€ecUttetl o tnis Ageem�nt, t�u 1�1��`�LC1Pt� f1el1 nt��� � ��`� �
redness for final iospeoilon pie by the it Enget ti% �It requlrer ,
r� r,.fj#�
,f i Na ltAE �
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of the CITY have been met and CITY formally accepts such Improvements inwriting,}the
following shall occur:
A. The DEVELOPER shall submit to the CITY a Warranty Surety in a form approved
by the CITY in the estimated sum of$5,755.93 to provide for correction of any
defective materials or workmanship in such Required Public Improvements for a
period of two(2)years after final acceptance,as defined in the City Public Works
Construction Code. The amount of such surety assurances is based upon 20%of
the contractor's itemized bid, as set forth on Exhibit "A" attached hereto and
incorporated herein,for the completion of the Required Public-Improvements. At
the expiration of the two-year period,DEVELOPER shall submit a written request
to the CITY to release the Warranty Surety, along with a statement from the
DEVELOPER that the Required Public Improvements continue to meet City's
Requirements at the end of the two-year warranty period. After receiving such
request,the CITY shall conduct an inspection of the Required Public Improvements
to determine if any defects are present. If there are no defects, CITY shall
release/return the Warranty Surety to DEVELOPER.
3. The CITY agrees to accept the Required Public Improvements upon certification by the
City Engineer that all Required Public Improvements have been constructed in
accordance with the-City's Requirements. Such certification is not intended to relieve
DEVELOPER or any contractor or material supplier of their responsibility for any
defects in materials or workmanship of such Improvements.
4. In construing this Agreement, it is understood that either party may be more than one
person and if the context so requires,the singular pronoun shall be taken to mean-and
include the plural, the masculine,and neuter, and that generally all grammatical changes
shall be made,assumed and implied to make the provisions hereof apply equally to a siztgle x 4-
or several individuals.
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WARRANTY SURETY AGREEMENT,-Hatch Induptrial—Page 2
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IN WITNESS WHEREOF,the parties shall cause this Warranty Surety Agreement to be-executed
by their duly authorized officers the day and year first above written.
160 N LINDER,LLC:
By;iel
i'
Hatch—Authorized Agent
STATE OF IDAHO
SS.
County of Ada y )
On this / day of March 2041 before me, the undersigned, a Notary
Public in and for the State of Idaho,personally appeared Daniel Hatch,known or identified to me to be the
Authorized Agent of 160 N LINDER LLC,who executed this instrument on behalfof saidLimited Liability _
Company,and acknowledged to me that such Limited Liability Company executed the same..:
IN WITNESS WHEREOF,I have hereunto set my hand and affixed my official seal the day and
year first above written.
SEAL
LIZBETH ORTIZ otary Public for Idaho
277
Notary Public MY Commission Expires: ZZ- ,02-
State of Idaho ,
Commission No. 20211435
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i WARRANTY SURETY AGREEMENT—Hatch Industrial—Page 3 to f
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CITY t 1tIDTAN ,
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3-19-2024 `
Dated: By:
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+h'Director of;Loth' lhu' itj�Qevelopment
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