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HomeMy WebLinkAboutSundance Sub No. 1 Letter of Credit MAYOR Robert D. Corrie ',It' 'I ~ P / CITY OF Et~1Cc.w_ "._ '-/VlerldlCrn ~~ IDAHO CITY COUNCIL MEMBERS Tammy de Weerd William L. M. Nary Cherie McCandless Keith Bird "" ~, " \' V i / qmc:E . i 1903 LEGAL DEPARTMENT (208) 288-2499 - Fax 288-2501 PARKS & RECREATION (208 888-3579 . Fax 898-550 I PUBLIC WORKS (208) 898.5500 -Pax 887-1297 BUILDING DEPARTMENT (208) 887-2211 - Fax 887-1297 PLANNING AND ZONING (208) 884-5533 . Fax 888-6854 August 8, 2003 Paula Everett Washington Federal Savings 1001 W. Idaho Street P.O. Box 1460 Boise, 10 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for Sundance Subdivision # 1 for Sundance Limited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer: pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Fe.deral Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely Jldj) William G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO · MERIDIAN, IDAHO 83642 (208) 888-4433. Fax (208) 887-4813 - City Clerk Office Fax (208) 888-4218 . Human Resources Fax (208) 884-8723 Washington Federal Savings 1001 W. Idaho St., Boise, lD 83702 · P.O. Box 1460, Boise, lD 83701-1460 (208)343-1833 . Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho Street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. very~ BY:~C(~ Paula Everett Administrative Officer Provisions applicable to the dredit: Unless otherwise expressly jtated, this credit is subj ect to the "Uniform Customs and Practice for Dbcumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by SUbsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO, OREGON, UTAH, ARIZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS, 425 PIKE STREET. SEATILE. WA 98101 (206) 624,7930 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Wednesday, August 06, 2003 1 :29 PM Will Berg (E-mail) Karie G.; Becky McKay (Ewmail); Eric Guanell (E-mail) Sundance Subdivision NO.1 Will, I have reached an understanding with Becky McKay regarding the PI system at Sundance Subdivision No.1. The letter of credit can be released for this subdivision. Refer to my email to you on Monday, August 4. They will provide a PI O&M manual prior to Sundance #2 letter of credit release or prior to Sundance #3 plat signature, whichever comes first. Thanks I Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)898-9551 fax (new!) watsonb@meridiancity.org www.meridiancity.org 1 Will Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Monday, August 04,200310:05 AM 'Will Berg' Becky McKay (E-mail); Eric Guanell (E-mail) RE: Sundance #1 - Letter of Credit B Sundance Subdivision Will, Our files do not show any evidence that NMID has approved the installation of the PI system or executed a PI agreement. Refer to my March 14, 2003 ernail to Becky McKay regarding surety on Sundance #1 (it is attached in case you no longer have it on your computer) . If there is no PI agreement with NMID, then they need to schedule an inspection with one of our field inspectors. In addition, they must provide Public Works with a final copy of a PI 0 & M manual, per preliminary plat conditions, since this will be, in effect, a horneownerts association system. Thanks, Brad -----Original Message----- From: Will Berg [mailto:bergw@meridiancity.org] Sent: Monday, August 04, 2003 9:45 AM To: Brad Watson (E-mail) Subject: FW: Sundance #1 - Letter of Credit Hi Brad, did we get a letter from Nampa-Meridian Irrigation District approving the pressurized system? I think this is the only thing that is holding it up. Thanks. . . . Will -----Original Message----- From: Eric C. Guanell [mailto:eguanell@glvdc.comJ Sent: Monday, July 28, 2003 1:06 PM To: Will Berg Subject: Sundance #1 - Letter of Credit Will : What is the status of the release of our Letter of Credit in Sundance Phase 1? Engineering Solutions tells me all items have been signed off and accepted and has been for some time, yet the LOC has not yet been released by your office. Our bank is inquiring as to the status of the original letter of credit - could you please give me a timetable for the release and return of the document? Thank you for your prompt attention to this matter. Eric Vice G.L. Ph: Fax: C. Guanell President Voigt Development 208-524-6000 208-524-6493 Co. 1 E-mail: eguanell@glvdc.com<mailto:eguanell@glvdc.com> 2 Will Berg From: Sent: To: Cc: Subject: Brad W. [Windows/Admin/Bradw] Friday, March 14,20033:58 PM Becky Bowcutt (E-mail) Karie G.; Will Berg (E-mail) Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision NO.1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be flnaled this week. Please forward any written approvals from NMIO. will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Oept. 660 E. Watertower, Suite 200 Meridian, 10 83642 (208)898.5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org Tracking: Recipient Becky Bowcutt (E-mail) Karie G. Will Berg (E-mail) Read Read: 3/1412003 4:31 PM 1 WiII Berg From: Sent: To: Subject: Karie Glenn [glennk@meridiancity.org] Thursday, May 22,200310:24 AM city clerk (E-mail) FW: Release of Surety for Sundance Subdivision Phase I After tracking down the information that Shari is referring to. We are still holding this LOC until we receive a letter that states the system has been inspected (per Bruce F--he has contacted Becky this morning) The letter that we have states that plans were approved, but nothing about it actually being inspected. Let me know if you need anything else. -----Original Message----- From: Will Berg [mailto:bergw@meridiancity.org] Sent: Thursday, May 15, 2003 11:09 AM To: glennk@meridiancity.org Subject: FW: Release of Surety for Sundance Subdivision Phase I -----Original Message----- From: Shari Stiles [mailto:es-sharis@qwest.net] Sent: Thursday, May 15, 2003 9:50 AM To: Brad Watson Cc: Will Berg; Bruce Freckleton Subject: Release of Surety for Sundance Subdivision Phase I Brad: Becky faxed a copy of a letter from NMID to Bruce Freckleton, which Bruce said was acceptable. NMID and Settlers are still trying to work out the details of a contract. Wendy from P&Z signed off on the landscaping. Since technically they are complete, why is the appreciate your help clarification. Hope not supposed to get C.O.'s until everything is release of letters of credit so cumbersome? on this. Let me know if you need further you're having a great day, otherwise! I 1 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Monday, May 12, 2003 8:34 AM 'Will Berg' Karie G. RE: Sundance Subdivision Will, Planning & Zoning signed off on the landscaping on 4/15/03 (Sonya, according to Karie's tracking) . The PI and pump station are supposed to be an NMID system. There is nothing in the file from NMID showing that they have finaled either. I will contact Becky and ask for that documentation. Thanks, Brad -----Original Message----- From: Will Berg [mailto:bergw@rneridiancity.org] Sent: Friday, May 09, 2003 7:09 PM To: watsonb@meridiancity.org Subject: RE: Sundance Subdivision Are all the improvements completed yet? Let me know. . . . . . . Will -----Original Message----- From: Brad Watson [mailto:watsonb@meridiancity.org] Sent: Friday, March 14, 2003 3:58 PM To: Becky Bowcutt (E-mail) Cc: Karie G.; Will Berg (E-mail) Subject: Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 MAYOR ROBERT D. CORRIE ~p ./"'CITYOF .~_", '-/VLerldian GARY D. SMITII, P.E. PUBLIC WORKS DIRECTOR COUNCIL MEMBERS WILLIAM L. M. NARY KE1TH BIRD TAMMY DEWEERD CHERIE MCCANDLESS BRAD R. WATSON, P.E. CITY ENGINEER LEN GRADY STAFF ENG1NEER P~W~D~~D~ April 15, 2003 RECEIVED APR 232003 Sundance LLC Gary Voigt 2450 S 5 Mile Rd Boise ill 83709 City of M.eridian City Clerk Offic~ RE: SUNDANCE SUBDIVISION #1 Sewer & Water Construction Dear Gary; The Meridian City Water Superintendent and Sewer Inspector advise me that the installation of this subdivisions sanitary sewer and domestic water systems have been satisfactorily completed in accordance with the approved plans_ These systems have passed the required tests, in accordance with City Standards, and are hereby accepted by the City for ownership and maintenance. In accordance with present City policy, the installation and materials of the sewer and domestic water systems are to be warranted against defect by the contractor for a period of one year from the date of this letter Sincerely, ~dJ~ Brad Watson, P.E. City Engineer cc. File City Clerk 1. Shawcroft C. Hudson Briggs Engineering DEQ Sub. Final.LTR.doc 660 E Wiltt>.rtC'lWP" lnnp <;:tp ?OO Mpl';rl;~n Tn !1':l"II''l ''1{l\1\ \1....\1 <:<:........ D~_ r,..,i\O\ 00.., 1 "'".., Message r agr;;; 1 V1 1 Will Berg From: Sonya Allen [allens@meridiancity.org] Sent: Tuesday, April 15. 200310:17 AM To: Karie G.; Mindi S.; Brad He; 'Reta internet email '; bergw@meridiancity.org; 'Sharon Cc: Becky Bowcutt; Shari Stiles; kirkpatw@meridiancity.org Subject: Sundance Subdivision No.1 All the landscaping for Sun dance Subdivision No.1 is complete as of 4/15/03. Please release the bond for this project. Building permits may be issued at this time. Sonya A lien 7/25/2003 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Friday, March 14,20033:58 PM Becky Bowcutt (E-mail) Karie G.; Will Berg (E-mail) Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 Message rage 1 U1 1 Will Berg From: Sonya AHen [allens@meridiancity.org} Sent: Thursday, January 16,20039:41 AM To: 'Mindi Smith'; 'Karie Glenn'; cunningr@ci.meridian.id.us; Cc: Becky Bowcutt Subject: Sundance Subdivision No.1 I inspected Sundance Subdivision No.1 on January 16,2003 for completion of fencing. They have met the fencing requirements of their final plat and are requesting release of the Letter of Credit (for fencing only) on file in the amount of $46,104.00 If you need any additional info please contact me. Thanks. Sonya A lien 7/25/2003 .l.gV .L~ ...."'" .1.C-..uut'" /A'~ ~.., ';") cJv' ~.<' .v' , v~ r:lPR. 9.2083 C:UtI::l.:;ltlU::l"tl iIO,-':~ p.c: 8: 38AM NA~lP~ i'IEi? ID I Ai"1 IPP ~&~~Z'~ 1.503 FIRST STREET SOUTH NAMPA. IDAHO aJ6SJ.439~ FAX /I 208.<163.0092 08 Apri12Q03 ?hanes: Areg Coae :;:08 Bee ky Bowcurt 150 2 Aikens; Sto B Bage, ID 83616 Re: SUNDANcr SUBOM3ION OFFICE: Nampo 4(,0.7561 SHOP: Nampa 466.000;) Dear SeckJ': The NllJ"'..pa e AendillD Irriga:,oll ::Jla!;lCr lus reviewed the pressurt: irrigation plAns r'or ;tl; above mentioned mbdiviaiol1 ami.!o far the l'lms havo met District specifications. The Dtstrict had lIIldcipated taking over Operation aDd MlliI:ttcnance of the II ystem but is yot to work out 1:c details with. thL\ Sett1:a hrigaticn District regarding th: cootraa for opor:uing rm: 2yttom in lands rllit they ha.ve billton<llllly delivored water to gI'.lvIty flDw, '[f the two Disttiotll ~ reach an. agreement. we will be back in contaot with the Developer to cCJmplC!te an agreement for Nampa &; Meridia.D IrrigutiOll Dilitrict to opcrutc and ::oainrnw the ~y&tem r com' t give yov. a spe~.fu: date when that might h.sppen, or alllSUWlCCS tblI.t it will for JUre, Howev~.l have t'Aiili ~t we will W1:Jrk SOl1lDthing om ':Jetwe~ -he Distm13 l'D get:h.:.i don~ as Soon 15 posslb!::. Please !eel froo to cm:u:act:m: !f you lulve furthat queatianB. Sim:m:ly, " e~~up-=t f/ ~'::::a' & Meridian Irrigation District 1P Nl!W Cc: File Boud ofDiIectors Secrctu"j- Treasurer Dan Steenson. Laura Buai APPROXIMATE IRRlGA8LE ACRes IUVER FlDN RIGHTS. 2:3.000 BOISE PIIOJECr R/ClHr.; . <10,000 M~V ~~ 'n~ ~~~An IICI~ .l.t... ,,",u .L..........lliJc::I CUO;;:T.:IOU;;:T"t.L p. 1 FAX FROM: ~~irf;r!s~ 150 E. Aikens St.. Suite B Eagle, Idaho 8361 6 Phone: (208} 938-0980 Fox: (208) 938-0941 Send to: William G. BerQ. Jr. From: Shari Stiles Fax Number: 888-4218 Date: May 12. 2003 Re: Sundance Subdivision No. 1 LOC Proiect Number: 3013 Total Paqes nncludino cover}: 2 cc: DUrgent .For your Information OReply ASAP DPlease Comment DPJeose Review Comments: Will: A ttached is a letter from Nampa & Meridian Irrigation District approving the plans. This was sent to Bruce. and he indicated that this satisfies the requirements of Public Works. Thanks. Will. If you have any questions or need additional information. please can me. c~J...~' Shari C:\2003\30 13\Correspondencc\ \\Iill BcrgFax.doc M~V 1~ 'D7 ~~.~~ ** TX CONFIRMATION REPORT ** AS OF MAY 13 '03 09:06 PAGE. 01 CITY OF MERIDIAN 01 DATE TIME TO/FROM 05/13 09:06 PUBLIC WORKS CMD~ STATUS 155 OK MODE UF--S MIN/SEC PGS 00' 12" 001 ~----------------~~------------~---------------------------------------------~-------------- I"".~ ,,' APR. 9.Z005 a'~8AI'l ?~t /l cJv' tt.\,' N;:jM?':' j'IE:;:\,IDIH;'1 IP.? J'Il.:'. _':~ ~&~~Z'~ 1:03 F1IlST .sneer SOliJ}{ NAMI'A,IPAHO 83OS1.~95 FAX If :lOB.ol6~~'2 01 AIJri1 Z003 Phpn..: Area Cede :;:cs OfflCC Mampo 400.7$61 SHOP: Nampa 466.066:1 Secll:y Bowcun 150 a Aikem, s~ B Eatk, m a~&16 Re; SUNOANCE stmOJVISION CeOU' !leci:;-;: The N;u-..p.. ~ ;.fcndillD IaiCl1:1011 :l11t:1ct han revieWed :be i?1e!JI1ll:e tmgaCOD pUlnl; !'or ;1;;<: soave uuDtioud mi:I~"illiou <U:IIi ~ll i"if the ~lIlIi blV~ lllllt Distrl;t apecificadmu. The DlJllnr,:t lwl.lIllt!cipa12d. :u1:iDg over Operation lad M~e of !be ay!tCll1l bur U :tot:o work out ~r: d'~llIik ",.jt/1 tho geuIer:l b:rigatio:Q Di.1IriCl: l:l:~ tlu:: CDDtr.lct fDr QPo~g rllc :ymnn in hlllli I!l:u Tb.ey ban hUtorioally delivared. waTer:O ~viw 110.... Iftbe t'Q/o Di&tl'iom ClllU~Kh U4B;l:cl:!llcut. lVe will be back ~ eontlor wnh lhe Developer l:a complete IUl 11IICi=nt for NlItIlp& &. Meridiu Jrriantl:J!;l. Diurietto Openlte :l.lld :mmmtl thl: ;y~lm1. r 1:':11:I.' t giv" you. a ~e:fic cb.~ wh:u that fIligl:lr!l4ppt!l1. M illiIlralIl:l!! that it will for Ilm'. HOWI!'fo::r. 1 have fa.jlh ~r _ will ~ SClIlDthmg 01.'1 lle:wc:!::I -:he Dillril:i! to get ~ done u ~oon u posaib!::. Pleue ii:e.l11110 ro C:mIact::ne If you hAlle furtb8I: questiOJli, Sim:=1y, ' ~~~-==, f'~:;; &. Mcridia.o Imgotiml DiBtrior JPAI=l Ce: file E1Qlltd o{Din:aDrs Secrctar)- T1t:lf.5l.Im' D= Stee~oll. LauraBUIri AmOXl\AATT; ~AAU; ACRes iMl! FlCW .tiGHTS' . ~.tIlo I!CLSE PllOJfO' ~IG~ -~O.ooo MAY 12 '133 12'10 20893813941 PAGE. 02 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Monday, May 12, 2003 8:34 AM 'Will Berg' Karie G. RE: Sundance Subdivision Will, Planning & Zoning signed off on the landscaping on 4/15/03 (Sonya, according to Karie's tracking) . The PI and pump station are supposed to be an NMID system. There is nothing in the file from NMID showing that they have finaled either. I will contact Becky and ask for that documentation. Thanks, Brad -----Original Message----- From: Will Berg [mailto:bergw@meridiancity.org] Sent: Friday, May 09, 2003 7:09 PM To: watsonb@meridiancity.org Subject: RE: Sundance Subdivision Are all the improvements completed yet? Let me know. . . . . . . Will -----Original Message----- From: Brad Watson [mailto:watsonb@meridiancity.org] Sent: Friday, March 14, 2003 3:58 PM To: Becky Bowcutt (E-mail) Cc: Karie G.; Will Berg (E-mail) Subject: Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Monday, May 12,20038:34 AM 'Will Berg' Karie G. RE: Sundance Subdivision Will, Planning << Zoning signed off on the landscaping on 4/15/03 (Sonya, according to Karie's tracking) . The PI and pump station are supposed to be an NMID system. There is nothing in the file from NMID showing that they have finaled either. I will contact Becky and ask for that documentation. Thanks, Brad -----Original Message----- From: Will Berg [mailto:bergw@meridiancity.org] Sent: Friday, May 09, 2003 7:09 PM To: watsonb@meridiancity.org Subject: RE: Sundance Subdivision Are all the improvements completed yet? Let me know. . . . . . . Will -----Original Message----- From: Brad Watson [mailto:watsonb@meridiancity.org} Sent: Friday, March 14, 2003 3:58 PM To: Becky Bowcutt (E-mail) Cc: Karie G.; Will Berg (E-mail) Subject: Sundance subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 WiII Berg From: Sent: To: Subject: Will Berg Friday, May 09,20037:09 PM 'watsonb@meridiancity.org' RE: Sundance Subdivision Are all the improvements completed yet? Let me know. . . . . . . Will -----Original Message----- From: Brad Watson [mailto:watsonb@meridiancity.org] Sent: Friday, March 14, 2003 3:58 PM To: Becky Bowcutt (E-mail) Cc: Karie G.; Will Berg (E-mail) Subject: Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($64,779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, 1D 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 MAYOR Robert D. Corrie .~ 'i.\~f ; ~ ~ r CITY OF t~~~;, '-/VLerldian IDAHO ~ ._ "'4 ~, " " V \1 l/' ,/ qlllCE i 1903 LEGAL DEPARTMENT (208) 288-2499' Fax 288.2501 PARKS & RECREATION (208 888-3579 . Fax 898.550 I PUBLIC WORKS (208) 898-5500 'Fax 887-1297 BUILDING DEPARTMENT (208) 887-2211 . Fax 887-1297 PLANNING AND ZONING (208) 884-5533 . Fax 888-6854 CITY COUNCIL MEMBERS Tammy deWeerd William L. M. Nary Cherie McCandless Keith Bird May 8, 2003 Paula Everett Washington Federal Savings 1001 W. Idaho Street P.O. Box 1460 Boise,lD 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for Sundance Subdivision # 1 for Sundance Umited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer, pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Federal Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely JI~ William G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO · :MERIDIAN, IDAHO 83642 (208) 888-4433 . Fax (208) 887.4813 . City Clerk Office Fax (208) 888.4218 . Human Resources Fax (208) 884-8723 J c ~ (~ \" " Washington Federal Savings 1001 W. Idaho St., Boise, 10 83702 · P.O. Box 1460, Boise, lD 83701-1460 (208)343-1833 . Fax; (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. very~ By:~G~ ~ Paula Everett Administrative Officer Provisions applicable to the dredit: Unless otherwise expressly ,S'tated, this credit is subject to the "Uniform Customs and Practice for D6cumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WiTH OFFICES IN WASHINGTON. IDAHO, OREGON. UTAH. ARiZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS: 425 PIKE STREET, SEATILE, WA 98101 (206) 624-7930 MAYOR Robert D. Corrie '" .:.,.~J~~ AE) oU;;;dl~~;~ \ IDAHO ~ /} ,y. g'HC! . ,1903 LEGAL DEPARTMENT (208) 288-2499 . Fax 288-250 [ PARKS & RECREATION (208888-3579' Fax 898.5501 PUBLIC WORKS (208) 898-5500 'Fax 887-1297 BUILDING DEPARTMENT (208) 887-2211 . Fax 887-1297 PLANNING AND ZONING (208) 884-5533 . Fax 888-6854 CITY COUNCIL MEMBERS Tammy de Weerd William L. M. Nary Cherie McCandless Keith Bird May 8, 2003 Paula Everett Washington Federal Savings 1001 W Idaho Street P.O. Box 1460 Boise,lD 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for Sundance Subdivision # 1 for Sun dance Limited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer: pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Federal Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely d,.;u William G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO. MERIDIAN, IDAHO 83642 (208) 888.4433 . Fax (208) 887.4813 . City Clerk Office Fax (208) 888-4218 . Human Resources Fax (208) 884.8723 .. ( ~ c Washington Federal Savings 1001 W, Idaho St., Boise, 10 83702 · P,O. Box [460, BOIse, lD 83701-1460 (208)343-1833 . Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office/ 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer/ water and pressurized irrigation system/ street lights and landscaping in SUNDANCE SUBDIVISION NO. 1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer/endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit/ that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2/ 2003. Very ~ BY:~~ Paula Everett Administrative Officer provisions applicable to the dredit: Unless otherwise expressly s'tated, this credit is subj ect to the "Uniform Customs and Practice for D6cumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO, OREGON, UTAH, ARIZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS, 42; PIKE STREET, SEATILE, WA 98101 1206) 624-7930 MAYOR Robert D. Corrie .i ..~ .(~f""'fi. .:: ~~,n' ~ p /' CITY OF r~~ _:, '-/VlerzdlCrn IDAHO '<. ..., LEGAL DEPARTMENT (208) 288-2499 . Fax 288.250 I PARKS & RECREATION (208888-3579' Pax 898-5501 PUBLIC WORKS (208) 898-5500 'Fax 887-1297 BUILDING DEPARTMENT (208) 887-221I . Fax 887.1297 PLANNING AND ZONING (208) 884-5533 . Fax 888-6854 CITY COUNCIL MEMBERS Tammy deWeerd William L. M. Nary Cherie McCandless Keith Bird May 8, 2003 Paula Everett Washington Federal Savings 1001 W. Idaho Street P.O. Box 1460 Boise, 10 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for Sundance Subdivision # 1 for Sundance Limited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer: pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Federal Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely dI~ William G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO · MERIDIAN, IDAHO 83642 (208) 888-4433. Fax (208) 887.4813 . City Clerk Office Fax (208) 888.4218 . Human Resources Fax (208) 884-8723 (r ~ (- >" Washington Federal Savings 1001 W. Idaho St" Boise, ID 83702 · P.O. Box 1460, Boise, ID 83701-1460 (208)343-1833 · Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho Street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. very~ By:~J~- Paula Everett Administrative Officer provisions applicable to the ifredit: Unless otherwise expressly stated, this credit is subj ect to the "Uniform Customs and Practice for D6cumentary Credits (1993 Revision) International Chamber of Corrunerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON. iDAHO, OREGON, UTAH, ARIZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS: 425 PIKE STREET. SEATTLE, WA 98101 (206) 62n9JO (C ~ ( '-.._n. Washington Federal Savings 1001 W. Idaho St., Boise, lD 83702 · P.O. Box 1460, Boise, ID 83701-1460 (208)343-1833 · Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho Street Meridian rD 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. Very ~ BY:~d".'J~ - Paula Everett Administrative Officer provisions applicable to the ~redit: Unless otherwise expressly stated, this credit is subj ect to the "Uniform Customs and Practice for n6cumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO, OREGON, UTAH, ARIZONA. NEVADA AND TEXAS CORPORATE HEADQUARTERS, 425 PIKE STREET, SEATfLE, WA 98101 {!06) 624.79.JO ** TX CONFIRMATION REPORT ** AS OF MAY 1219 '1213 13:52 PAGE. 1211 CITY OF MERIDIAN 3121 31 DATE TIME TO/FROM 1215/1219 13:5121 PUBLIC WORKS 1215/1219 13:51 212188886854 MODE UF--S EC--S MIN/SEC PGS 121121'31" 101212 121121'41" 1211212 CMDI:I STATUS 116 OK 116 OK -------------~------------------------------------------------------------~~---------------~ MAYOR Rob~rt D, Come ~:~I r--...... P / <':H,( 01' f~ - ." L/VLendia:n'""l; ~\, IDAHO ~ Y /. LEGAL DEPARTMENT (20a) 288-249(1. F:L'C 288.2501 PARKS &. RECREA'flON (208 8S8.3579 . p~x 898-550J PUBLIC WORKS (208) 898.5500 .PJX 887-1297 BUILDING DEPARTMENT (208) 8S7.221 I . FJX 887-1297 Pl.ANNING Ai'lD ZONING (208) 884-5533 . f;u: 888-6854 CITY COUNCIL MEMBERS Tammy c.l:Wcercl William L. M. Naty Che(;e McC.anc.ll,,~~ Kcllh Bird May 8, 2003 Paula Everett Washington Federal Savings 1001 W. Idaho Street P. O. Box 1460 Boise,ID 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for SUndance Subdivision # 1 for $undance Umited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer. pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Federal Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely JI~ WilHam G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO. MERIDIAN, IDAHO 83642 (20R) S8S-44JJ . Pax. (208) 887-4813 . City Clerk Office Fax (205) 838-4218 . Human Resources Fax (208) 884-8723 MAYOR Robert D. Corrie .~ ."t~:';:~t.~ ~,~' , ~ P ./' CITY OF I~kJj_, .. .., '-/VLerldian'~4~ ~'''\ IDAHO ~ '\ bf Q-?}']- ~/ l:"rt(} '1 Ik, Tl1EASUR'S V ~ . .,HCE , .1903 LEGAL DEPARTMENT (208) 288-2499 . Fax 288.250 I PARKS & RECREATION (208 888-3579 . Pax 898-550 I PUBLIC WORKS (208) 898-5500 'Fax 887-1297 BUILDING DEPARTMENT (208) 887-2211 . Fax 887-1297 PLANNING AND ZONING (208) 884-5533 . Fax 888-6854 CITY COUNCIL MEMBERS Tammy deWeerd William L. M. Nary Cherie McCandless Keith Bird May 8, 2003 Paula Everett Washington Federal Savings 1001 W. Idaho Street P. O. Box 1460 Boise,ID 83701-1460 343-1833 fax 338-7374 Re: Return Letter of Credit for Sundance Subdivision # 1 for Sundance Limited Company, LLC After a site inspection and review of Sundance Subdivision # 1 Project by the Planning & Zoning Department and the Public Works Department, it has been determined to release the Letter of Credit of $364,371.00 to you for the completion of water, sewer: pressurized irrigation system, street lights, and landscaping. Please use this letter as authorization for Washington Federal Savings to release the Irrevocable Letter of Credit No. 2002-27. If you have any questions please contact me. Thank you for your cooperation. Sincerely dI~ William G. Berg, Jr. City Clerk Enclosure 33 EAST IDAHO · NIERIDIAN, IDAHO 83642 (208) 888-4433 . Fax (208) 887-4813 . City Clerk Office Fax (208) 888-4218 . Human Resources Fax (208) 884-8723 c ~ c, Washington Federal Savings 1001 W. Idaho St" Boise, 10 83702 · P.O. Box 1460, Boise, lD 83701-1460 (208)343-1833. Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho Street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. Very ~ BY:~~~ ~ Paula Everett Administrative Officer Provisions applicable to the credit: Unless otherwise expressly itated, this credit is subj ect to the "Uniform Customs and Practice for Dbcumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 50011 or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO. OREGON, UTAH, ARIZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS, 425 PIKE STREET, SEATTLE. WA 98l(J) (206)624.7930 Message .l:"age 1 or 1 Will Berg From: Sonya Allen [allens@meridiancity.org] Sent: Tuesday, April 15, 2003 10:17 AM To: Karie G.; Mindi S.; Brad He; 'Reta internet email '; bergw@meridiancity.org; 'Sharon Cc: Becky Bowcutt; Shari Stiles; kirkpatw@meridiancity.org Subject: Sundance Subdivision NO.1 All the landscaping for Sundance Subdivision No.1 is complete as of 4/15/03. Please release the bond for this project. Building permits may be issued at this time. Sonya Allen 5/9/2003 WiII Berg From: Sent: To: Cc: Subject: Brad Watson [watsonb@meridiancity.org] Friday, March 14,20033:58 PM Becky Bowcutt (E-mail) Karie G.; Will Berg (E-mail) Sundance Subdivision Becky, We have confirmed that all improvements for which surety was provided on Sundance Subdivision No. 1 is completed except: - Landscaping ($641779.00) - Pressurized irrigation - PI pump station You stated that the PI and pump station should be finaled this week. Please forward any written approvals from NMID. I will then let Will Berg know that a replacement LOC for only the landscaping is acceptable. Have a good weekend, Brad Brad Watson, P.E. City Engineer Meridian Public Works Dept. 660 E. Watertower, Suite 200 Meridian, ID 83642 (208)898-5500 (208)887-1297 fax watsonb@meridiancity.org www.meridiancity.org 1 ( ~ c~ Washington Federal Savings 1001 W. Idaho St., Boise, ID 83702 · P.O. Box 1460, Boise, lD 83701-1460 (208)343-1833 · Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. very~ By:~~Cdf ~ Paula Everett Administrative Officer Provisions applicable to the credit: Unless otherwise expressly ita ted, this credit is subj ect to the "Uniform Customs and Practice for D6curnentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO, OREGON, UTAH. ARIZONA. NEVADA AND TEXAS CORPORATE HEADQUARTERS, 425 PIKE S11\EET, SEATTLE, WA 98101 {ZOG) G2H930 Message 1"age 1 or 1 Will Berg From: Sonya Allen [allens@meridiancity.org] Sent: Thursday, January 16,20039:41 AM To: 'Mindi Smith'; 'Karie Glenn'; cunningr@cLmeridian.id.us; Cc: Becky Bowcutt Subject: Sundance Subdivision No.1 I inspected Sundance Subdivision No.1 on January 16,2003 for completion of fencing. They have met the fencing requirements of their final plat and are requesting release of the Letter of Credit (for fencing only) on file in the amount of $46, 104.00 If you need any additional info please contact me. Thanks, Sonya A lien 1/16/2003 MA YOR Robert D. Corrie . :ttk ~~.; ~ ~ r CITY OF rr~}',;-_ _'<. '-/VL erldlCrn --::; ',\, ~ IDAHO Y ..-. } ~<? .? '''10 ,~~ ,',1903 LEGAL DEPARTMENT (208) 288-2499 . Fall 288-2501 PARKS & RECREATION (208 888-3579 . Fall 898-550 I PUBLIC WORKS (208) 898-5500 .Fax 887-1297 BUILDING DEPARTMENT (208) 887-221 I . Fall 887-]297 PLANNING AND ZONING (208) 884.5533 . Fall 888-6854 CITY COUNCIL MEMBERS Tammy deWeerd William L. M. Nary Cherie McCandless Keith Bird December 30, 2002 Idaho Power Company Meridian Team 10790 W. Franklin Road Boise, (0 83709 322-2000 388-2402 388-2021 fax 388-6924 388-6532 fax 322-2032 Re: Street Ughts for Sundance Subdivision #1 The street lights have been installed by the developer in Sundance Subdivision #1. These are 100 and 250 watt high-pressure sodium lights on steel poles, owned by the City of Meridian with a maintenance agreement with Idaho Power. The ten (10) street lights are located at: Lot 1 Block 2 E. Ashby Drive & N. Etta Way Lot 18 Block 4 E. Washakie Street & N. Etta Way Lot 23 Block 4 E. Washakie Street & N. Lezana Avenue Lot 1 Block 4 N. Lezana Avenue & W. Moskee Street Lot 1 9 Block 1 W Moskee Street Lot 10 Block 4 W: Moskee Street & N. Tupiza Avenue Lot 3 Block 5 W Moskee Street & N. Longabaugh Avenue Lot 8 Block 2 N. Longabaugh Avenue & E. Washakie Street Lot 1 Block 6 center island on E. Ashby Orive 250w Lot 1 Block 1 N. Meridian Road & E. Ashby Drive Please use this letter as your authority to activate these street lights. See attached map for additional information. Sincerely df~ William G. Berg, Jr. City Clerk Enclosures 33 EAST IDAHO. MERIDIAN, IDAHO 83642 (208) 888-4433' Fax (208) 887-4813 . City Clerk Oft1ce Fax (208) 888-4218 . Human Resources Fax (208) 884-8723 (" ~ c Washington Federal Savings 1001 W. ldaho St., Boise, 10 83702 · P.O. Box 1460, Boise, lD 83701-1460 (208)343-1833 . Fax: (208)338-7374 IRREVOCABLE LETTER OF CREDIT NUMBER 2002-27 To: City of Meridian 33 E. Idaho Street Meridian ID 83642 October 2, 2002 Dear Sirs: We hereby establish our irrevocable Letter of Credit in your favor for the account of SUNDANCE LIMITED COMPANY, LLC up to the aggregate amount of $364,371.00 available by your drafts drawn at sight on us presented at WASHINGTON FEDERAL SAVINGS, Main Office, 1001 W. Idaho Street, Boise, Idaho 83701. Drafts must be accompanied by Beneficiary's signed statement that the developer has failed to perform or is in default of completion of the sewer, water and pressurized irrigation system, street lights and landscaping in SUNDANCE SUBDIVISION NO.1. Drafts drawn under this credit must bear the following clause: Drawn under Washington Federal Savings Letter of Credit Number 2002-27 dated October 2, 2002. The amount of each draft must be endorsed hereon. Partial drawings are permitted. We hereby engage with the drawer, endorsers, and holders in due course of drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee bank. This Letter of Credit expires October 2, 2003. Very ~ By:~Ctdf ~ Paula Everett Administrative Officer Provisions applicable to the aredit: Unless otherwise expressly i'tated, this credit is subject to the "Uniform Customs and Practice for Dbcumentary Credits (1993 Revision) International Chamber of Commerce Brochure No. 500" or by subsequent Uniform Customs and Practice fixed by subsequent Congresses of the International Chamber of Commerce. WITH OFFICES IN WASHINGTON, IDAHO, OREGON, UTAH, ARIZONA, NEVADA AND TEXAS CORPORATE HEADQUARTERS: 4H PIKE smEET, SEATILE, WA 98101 (206) 624-7930 City of Meridian Public Works Dept. RECEIVED DEe - 4 2002 Memo City of Meridian City Clerk Office To: Will Berg From: Brad Watson, P.E. CC: File, Karie, Barbara, P & Z Staff Date: 12/4/2002 Re: Sundance Subdivision No. 1 I have signed the plat vellum for the above project and am forwarding it to you for your signature. Based on our research of the project files, all conditions imposed by the Public Works Department and City Council have been met. I am forwarding the orioinalletter of credit (Washington Federal Savings - dated October 2, 2002) for $364,371.00 to you. This represents surety for items, and in amounts, as listed on the attached spreadsheet. Please note the required surety amount ($314,278) is exceeded by the actual letter of credit. This is due to some items being completed between the time the LOC was submitted (October 2, 2002) and today. The Settlers Irrigation District license agreement required for this project is not quite right. I have asked Becky Bowcutt to have it revised and that we will hold building permits until the license agreement is acceptable. Please call Becky at 484-3904 when the plat is ready to be picked up and include a copy of this memo for her. Please call me if you have any questions. Thank you. /~ From the desk of. . . Brad Watson. P.E. City Engineer Meridian Public Works Department 660 E. Watertower Lane, Suite 200 Meridian, Idaho 83642 . Page 1 (208) 898-5500 Fax: (208) 887-1297 watsonb@ci.meridianidus SUN DANCE SUBDIVISION NO. 1 Required Surety Amounts 12/4/2002 Bid A t % I t 110% Responsible st t moun o comp e e 0 a us Party for sian-off Sewer -Internal $86,424 90% $8,642 Public Works Sewer - Off-Site $9,000 90% $900 Public Works Water - Internal $93,772 90% $9,377 90% complete Public Works Water - Off-Site $77,267 90% $7,727 90% complete Public Works Landscapina $58,890 $64,779 P&Z Landscaping - Pathway $1,332 $1,465 P&Z Fencing $41,913 $46,104 P&Z Street Lights $15,000 $16,500 Bldq. Dep!. Gravity Irriaation $40,457 $44,503 Public Works/NMID Pressurized Irrigation $72,865 $80,151 Public Works/NMID PI Pump Station $31,027 $34,130 Public Works/NMID $527,946 $314,278 /4 CORNER j 5/8" Rebar :F. No. 100028215 N 89'34'05"W Y 35.00' . ~I CI:'. ~I iE. l&J ~lo zq r-- -cO k- S 89'08'1 O'E Y 35.00' I I .N n [~ (,.> /20' SUTLERS IRRIGAllON DISTRICT ~T_flPERK/NS NOURSE ;:.TERAL EASEMENT ~ 89'34'OS"E 1111 _ ~.78' L _ 65.0~ ~5.00' _ _ 65.0~ sr~ + 65.0~ 65: ~ ~ ~ ~ ~ ~ 14 _1BQ 15 10, 16 '.0. 1712'018 '.0. 19~' 2 LO-: ~~ ,lOg <nO ~E! ~~ NO NO ~d N' No <"-10 b~ b~ bN b~ bN ~N o~ 0- 0- o~- o~ 0- V~ z z z z z .~, CJ L9 N 45' 51' 50" E L1 0 S 44. 08' 10" E L11 N 45. 38' 53" E L12 N 44' 34' 05" W L1.3 N 45. 25' 55" E L14 S 44' 34' 05" E L15 S 45. 25' 55" W 48.00 -.:- r-- N co 1 "in n <e5 - N g- o.; n t.() 12 ":l 7. (.) 11 0.96' ~o~. S 89'34'05"E 20.00' 1 1 20.00' S 89'34'05"[ 111.11' 10 28.28' 28.28' 28.18' 28.28' 28.28' 28.28' 28.28' 65.00' 65.00' UNPLA TTEI 65.00' 65,00' 65.00' E. MOSKEE STREET 579.52' 65. "'~ 50.00' 65.00' 65.00' 65.00' 65.00' 65.00' w w ~ w ~ .f'-J 1 . 2 'LJ") . 3 . 4 . 5 6 ;gOo ~ro :gOo ""- If) ~~ LOcO If) 'tn0l 'tn0l ~~ 'in0l "in No> NO'> N 0> N en N bO 00 bo bo bO 8 0- 0- 0- 0- 0"- :z ::z ;;z ::z Ul z '0 o ..,..; '" wi < . Z -~ < ~ N. 8 ~ ~ LO IX) 75.00' 23 I '3~' I ~' v ~ ,....... ~~~ -- 1- w ~ S 69'34-'05"[ j r- Nf--. In zO,n - -111 60'- - to. . I . ""'w8b 9 -''0 ;:; wz;S ~~ ~ I'~ I (j'J CD <D :z :z Ci:-~ ~I W~' 10 ctS :: I ~ ~~- g ;;:; z ~ 81 tiS :z: I ~ ' "'I 1 c> '5 50.00' 65.00' 65.00' _'0 10 301.63' 65.00' 65.00' 6 w t-J. 5 w 4 .w 3 !PN t-J. 10 _ LO ..- LON LO _ N"": ~~ 'in<=? oN Nn o ~ bN bv z <::> ..- 0- ;;z :z r-- r...: en ;..., co N 00 \45.53' 124.B9' N 89'08'10'\11 229.90' N 81"18' 01"1\' 124..72' 65.00' N 89'08' O"W AI 68,46' 7!.76'.221ii 65.00' 203.05' 149.07' 84.07' 149.07' 1 ....y S 89'0, -104. SEE DETAIL -(::: 1 BlK 6 :- ~ ~89'08'10"W 572.13~ E. ASHBY DRIVE ;= LO. LO 0 . 0 LO . '" 0 b- o~ (/) 65.00' 22 ~ If) . LO 0 inq NO b- 0- V"l 65.00' 21 ;= 1.0. LO 0 "inq '" <=> b- o ~ V"l 65.00' BLOCK 4 N 89 65.00' 65.00' 19;= 1S.w :g'O t2 in q 'LO NO <'J b-- b 0- 0 Ul 20 .~ :Be 1G:; 8::= :z z 65.00' 65.00' 65.00' -65;:1- E~, WA; DO' 0r Jo. v .. 2 1>- '0 .... ~ ~ ~ h a ~ ~ LlJo Z~ r- ?= o I'~ 10 b o en 'it: . LO . LOa inLl'1 N n b.... 0- en S 89'0 103. :2 s 1 14553' N B3'O\ 47 E 124-.72' S 8!Oi ~7 124.72 BLOCK 7 203.05204.68' 1 {h N8Q="08'10"W 271:68 1 " 98.90' \ "N 89'Q8'10"W '- N 89'08'10"W 48.00' REAL POINT OF BEGINNING UNPLATTED 1 CURVE Cl ~ "0 " -, L9 N 45.51' 50" E 28.28' 4 CORNER l10 S 44. 08' 10" E 28.28' ,/8" Rebor L 11 N 45. 38' 53" E 28.18' No. 100028215 l12 N 44' 34' OS" W 28.28' L13 N 45. 25' 55" E 28.28' L14 S 44. 34' OS. E 28.28' L 15 S 45' 25' 55" W 28.28' -<.0 r- ei 'I") r-.. J N 89'34'05"W Y 35.00' ~I 0::: ~I iE. IJJ ~Ia zq r-.. ,IX) k- ; 89'08'10'C.,)" 35.00' I I .N '" r~ 48.00 ..... r--- N IX) 1 'in I") <6 . C'i ~~ ai ,...., If) 12 '" 7. (.) 110.96' ~o&.' S 89'34'05"[ 20.00' 11 20.00' S 89'34'05"[ 111.11' 10 ;:::: ,..: 0> ;...., co N IX) 1 (..> 145.53' SEE DETAIL ~ 1 BlK 6 :- 145.53' 1 , 98.90' \ v N 89.OS'10"W '- N 89.08'10"W 48.00' REAL POINT OF BEGINNING ,,'b 50.00' ~: a < co ~ 5' <D wI < ~ z 1R< ~ N. . ~ C> <=> C> C> r.O :z: co Z 75.00' 23 C> l' 5 50.00' 6 i'-' ~N 5 ..~ '-: ON o .- z 124.89' N 89'Oa'10"W 229.90' N 81'18'07''''' tV 124.72' UNPLATTED 65.00' 65.00' 65.00' E. MOSKEE SlREET 579.52' 65.00' 65.00' - ;;J- E. 65.00' ( ,"- s ,'V 2 I~ 8 m . 3= R - ,...., ~ ~ ~ S 89'08'10"[ n I- 103.93' lJJa o Zg ;; o I'~ lD b o U) 65.00' ,p.i 4 lrl ~~ N . 8~ 65.00' 20~ ..,..,- 'Lng f"ci o .- o .- :z: 65.00' 149.07' 84.07' 149.07' 1 ...J ~ ~B9'OB'lO"W 572.13'_ E, ASHBY DRIVE BLOCK 7 203.05 204.68' 1 (/, NS91>a'10"W 271:68 H 83"0\ 47 E '24.72' S 83.0' ~7 '24.72 1 w 19"Cx:J 1G~ bo o .- :z: 65.00' 65.00' w w 2 "..,.., - 3 in. If)<XJ If)<XJ 1q~ 1G"! bo bg 0- 0'- :z: :z: I '3~' I ~I v ~ t'- ~ .PJ ~ ..- r-.. UJ g S 89'34'05'[; ,.... N l- . I ri zO z;:; - -111.60'- - <.D b I ";- If) W 0 b 9.' b o wz~ S!q ........ VJ}Q ~ (:)' a I ~ - :<- I t..I ct~ ~I ~g, I.t') .,.,. <.0 ~ OJ:1 u:; ~~. 8 '" :z ~ 81 V}z ~ . "j ~20' SETTLERS IRRIGATION DISTRICT PERKINS NOURSE LA TERAL EASEI/ENT S 89.34'05"E 1116.84' 117.78' -65.00' 65.00:- 65.00' 65.00' 65.00' 65W --- - -- ------ ~oc*+-- ------ ~ }U 1..U ",l.U ..w ~ a:w .} U") - 5 11). 16 ~ - 17.1H 'bo 18 If) - 19 u'"J - 20 "'. 21 c .!L">o1 ~~ ~~ .!L">8.!L">8.!L">0 c ~~ No NO ~d ~d ~d ~g ~ bN 0C'i bN ON bN bN 8' N ~ Q~ 0- 0- 0- o~ 0- ~ ~ v~ ~ z z z z z ''<3-, cJ 65.00' ~ 22 ~ :g-o tR.o 1c3~ -~g b~ b- 0"'- 0......... VJ ~ 65.00' 21 ~. r.o 0 'If) q No 0'- o ~ (J) 65.00' 65.00' _'0 10 301.63' 65.00' 65.00' .w .It"> . .11) ~ ::G.....: bN o - 4 w t-->. ..,..,- 'lnq N,...., b..;- o - 3 }= II) _ II) 0 loLl! N ,...., b'<" o .- VJ :z: :z: 65.00' N 89'08' o"w tv ., 68.46' 65.00' "7"'6Z <if 203.05' UNPLATTED s 65.00' ;= 5 11). If) co -1/';1 Cl NO> bO 0- :z: (J) BLOCK 4 N 89 65.00' 65.00' 19 ~_ 18 U1 0 'in~ NO b- o ~ VJ 65.00' CURVE C1 65.QO' ::; 65.00' 65.00' -~. 65.00' 65.00' 6 w ;= 6 l.n. 7 ..,..,. .!'"'~ """<:0 ~ . 'II') Ol 8~ No> bO 0'- :z: VI 4'05"W 65.00' 6~ .w 17;c 1 ~.o ~a "Nil') q '" q . ONe> 8::: 8::: z VJ 65.00' 65,00' 6~ N 89'34'0511- WASHAKIE STREI 83.4.Q' 65.01 . 3 -I") t? 4 ~g 0> ~ }'-' I1"l 2 S 89'08' 1 0"[ -104.46'- '0 o d- r- '<') -1.___ Nl 89.0a'1 O~ 104.99' S Oli51t50"W 14.66' 1 ~ DELTA QO' 00' 0(\" R ::