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HomeMy WebLinkAboutThe Oaks North Subdivision No. 8ADA COUNTY RECORDER Trent Tripple 2024-054120 BOISE IDAHO Pgs=l HEATHER LUTHER 09/27/2024 11:27 AM CITY OF MERIDIAN, IDAHO NO FEE SATISFACTION OF DEVELOPMENT SURETY AGREEMENT and RELEASE OF WARRANTY SURETY For The Development Known As: The Oaks North Subdivision No. 8 Between TOLL SOUTHWEST, LLC And CITY OF MERIDIAN The Development Surety Agreement, recorded as Instrument # 2021-071115, entered by and between the City of Meridian ("City"), a Municipal Corporation, and TOLL SOUTHWEST, 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. W County of Ada ( C�,Wl M / ZI/ SEAL Chris Johnson, City Clerk I On thisday of (—, 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, /z "SEAL) Notary Public for ldaho .0 X40T %: Residing at: A�)�AfTA Commission expires:Q IQ - CN) 8 IL %'Ov ice, '0 0 City of Meridian - 33 E. Broadway Avenue Meridian, ID 83642 Phone 208-888-4433 - Fax 208-887-4813 - www.meridiancityorg Public Works Department ◼ 33 E. Broadway Avenue, Suite 200, Meridian, ID 83642 Phone 208-898-5500 ◼ www.meridiancity.org Mayor Robert E. Simison City Council Members: Luke Cavener, President Liz Strader, Vice President Brian Whitlock Doug Taylor John Overton Anne Little Roberts September 23, 2024 Susan Stanley – Division President Toll Southwest, LLC 3103 W. Sheryl Drive Meridian, ID 83642 RE: The Oaks North Subdivision No. 8 – Discharge from Warranty responsibility and Satisfaction of Development Surety Agreement Dear: Susan Stanley, 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 May 04, 2021 and recorded as Ada County Instrument No. 2021-071115. 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