HomeMy WebLinkAboutLost Rapids Subdivision - Multi Tenant Building ADA COUNTY RECORDER Trent Tripple 2024-025823
BOISE IDAHO Pgs=1 BONNIE OBERBILLIG 05/15/2024 02:13 PM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF WARRANTY SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Lost Rapid Subdivision-Multi Tenant Building
Between
TEN MILE-MCGILL, LLC
And
CITY OF MERIDIAN
The Warranty Surety Agreement, recorded as Instrument# 2022-062577, entered by and between the
City of Meridian ("City"), a Municipal Corporation, and Ten Mile-McGill, 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.
�ZI/
C� M SEAL
Chris Joh A son,City erk 5-14-2024
STATE OF IDAHO )
:ss
County of Ada )
On this 14th day of May 2024, 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.
Cha&YcWo_�
(SEAL) Notary Public for Ieeirldian,
Residing at: ID
CHARLENE WAY Commission expires: 3-28-2028
COMMISSION No. 67390
NOTARY PUBLIC
STATE OF IDAHgy of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
-888-4433• Fax 208-887-4813 • www.meridiancity.org
Mayor Robert E. Simison
City Council Members:
E IDIAN � Joe Borten, President
� Liz Strader,Vice President
Doug Taylor
John Overton
Anne Little Roberts
Luke Cavener
May 10, 2024
Derek Gasser— Manager
Lost Rapids Development, LLC
74 E. 500 S. Suite 220
Bountiful, UT 84010
RE: Lost Rapids Subdivision — Discharge from Warranty responsibility and Satisfaction of Warranty
Surety Agreement
Dear Derek Gasser:
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 Warranty Surety Agreement dated July 11, 2022
and recorded as Ada County Instrument No. 2022-062577. 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