HomeMy WebLinkAboutKeybank Spurwing Ada County Recorder Trent Tripple 2025-050050
Boise,Idaho Pgs=1 cfowler 08/06/2025 11:12:56 AM
CITY OF MERIDIAN IDAHO$0.00
Electronically Recorded
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: KeyBank-Spurwing Branch
Between
KEYBANK NATIONAL ASSOCIATION INC.
And
CITY OF MERIDIAN
The Warranty Surety Agreement,recorded as Instrument#2024-000835, entered by and between the
City of Meridian ("City"), a Municipal Corporation, and KeyBank National Association 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.
Chris Joh son-City Clerk 8-6-2025
STATE OF IDAHO )
:ss
County of Ada )
On this 6th day of August 2025, 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.
CHARL NE WAY Cha&ycWM
Notary Public for Idaho
COMMISSIIb. 67390
NOTARY PUBLIC Residing at: Meridian, �D
STATE OF IDAHO Commission expires: 3-28-2028
City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433• Fax 208-887-4813 • www.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
August 6, 2025
Mark Phillips-Managing Member
KeyBank National Association Inc.
127 Public Square
Cleveland, OH 44144
RE: KeyBank Spurwing Branch— Discharge from Warranty responsibility and Satisfaction of
Warranty Surety Agreement
Dear Mark Phillips:
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 January 4'"
2024 and recorded as Ada County Instrument No. 2024-000835. The City will record a notice of
satisfaction of the recorded Instrument and release of Warranty Surety.
Sinc rely,
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