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HomeMy WebLinkAboutThe Oaks North Subdivision No. 10 NOTICE SATISFACTION OF DEVELOPMENTSURETY AGREEMENT and RELEASE OF WARRANTYSURETY For The Development Known As:The Oaks NorthSubdivisionNo. 10 Between TOLL SOUTHWEST, LLC And CITY OF MERIDIAN The DevelopmentSurety Agreement, recorded as Instrument # 2021-173731, entered by and between Toll Southwest, LLC, Chris Johnson- CityClerk 10-28-2024 STATEOFIDAHO) :ss CountyofAda) Onthis _____dayof ______________,2024,before me,aNotary Public, personallyappearedChris JohnsonknownoridentifiedtometobetheCityClerk,respectively, oftheCityofMeridian,whoexecutedtheinstrumentorknows thepersonwhoexecuted the instrumentonbehalfofsaidCity,andacknowledgedtomethatsuchCityexecutedthesame. (SEAL)NotaryPublicforIdaho Meridian, ID Residingat:_ 3-28-2028 Commissionexpires:_ City of Meridian33E.BroadwayAvenueMeridian,ID83642 Phone208-888-4433 Fax208-887-4813www.meridiancity.org Mayor Robert E. Simison City Council Members: C�w IDIAN� Luke Cavener, President Liz Strader,Vice President Brian Whitlock Doug Taylor John Overton Anne Little Roberts October 25, 2024 Susan Stanley— Division President Toll Southwest, LLC 3103 W. Sheryl Drive Meridian, ID 83642 RE: The Oaks North Subdivision No. 10 — 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 December 09, 2021 and recorded as Ada County Instrument No. 2021-173731. 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 Avenue, Suite 200,Meridian,ID 83642 Phone 208-898-5500 . www.meridiancity.org