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HomeMy WebLinkAboutNola Subdivision Return Letter of CreditMayor Tammy de Weerd E IDIAN~--- City Council Members: Keith Bird Brad Hoaglun D Q H ® Charles Rountree David Zaremba July 17, 2009 Attn: Steve Nielson Bank of the Cascades 4128 Adams Street Boise, ID 83714 Re: Release of Letter of Credit No. 609 (Nola Subdivision) for Steven & Betty Hill After a site inspection and review of the above referenced project by the Planning Department and the Public Works Department, it has been determined to release Letter of Credit No. 609 in the original amount of $49,742.00 to you for the completion of internal sanitary sewer and landscaping. Please use this letter as authorization for Bank of the Cascades to release Letter of Credit No. 609. If you have any questions, please contact me at (208) 888-4433. Thank you for your cooperation. Sincerely, ~~ Jaycee L. Holman City Clerk Enclosure ~~~~ BANK OF THE CASCADES IRREVOCABLE STANDBY LETTER OF CREDIT Irrevocable Standby Letter of Credit No. 609 Date: July 11, 2008 Expiration: July 15, 2009 At the counters of: Bank of the Cascades 4128 Adams Street, Boise, ID 83714 City of Meridian 33 E. Idaho Meridian, Idaho 83642 To Whom It May Concern: Bank of the Cascades, the Bank, hereby establishes in favor of the City of Meridian, the Beneficiary, for the account Steven and Betty Hill, the Applicant, our Irrevocable Standby Letter of Credit in the amount of Forty Nine Thousand Seven Hundred Forty Two Dollars and No Cents in United States Dollazs ($49,742.00 USD) available by immediate payment upon presentation of Beneficiary's sight draft drawn on Bank of the Cascades in an amount not exceeding the credit hereby established during the dates of July 11, 2008 through July 15, 2009. Surety Reduction Inspection(s): The Bank's understanding is that the outstanding liability of this Letter of Credit will be reduced as the covered improvements are completed to the Beneficiary's satisfaction by its Surety Reduction Inspection process. Partial drawings are permitted. Reimbursement Instructions: Sight drafts drawn under this Letter of Credit must bear the clause: "Drawn under Bank of the Cascades, Irrevocable Standby Letter of Credit No. 609 dated July 11, 2008". Beneficiary's sight drafts must also be accompanied by the following conforming documents: I. Beneficiary's written statement, signed by a person purportedly authorized by the Beneficiary, stating Steven and Betty Hill have not complied with City of Meridian conditions of approval for the completion of all improvements required as set forth by the construction plans and contracts related to the project located at the Southwest Comer of Nola Road and East Pine Street, Meridian, Idaho 83642. 2. The original of this Letter of Credit and any subsequent amendments. The Bank hereby promises to Beneficiazy that any sight drafts dtawn under the terms of this Letter of Credit will be duly honored if presented to the Garden City Branch of Bank of the Cascades at 4128 Adams Street, Boise, ID 83714, along with the required conforming documents, by July 15, 2009. Except so far as otherwise stated herein, [his letter of credit is subject to the International Standby Practices (ISP 98), International Chamber of Commerce Publication No. 590. Bank ~ l~ ~~ D Steve Nielson, Senior }/ice President Date SERVING COMMUNITIES IN OREGON AND ~DAHD / www.botC.com NASDAQ: CACB SURETY SPREADSHEET Project Name: Date Compiled: Letter of Cretlit/Bond No.: Issued By: Expiration Date: Check No.: Item Nola 1/24/2006 NZS562875 Wells Fargo moo. Unfnished /20/2008 Partial /g0/FOOg Suret /7512009 Party Responsible Date Signed Off/ For Si n-Off Person Comments 'Sanitary Sewer -internal ~ 1 _ _ _ _ _ _ $2,800.00 _ _ _ - _ _ $280.00 _ _' $3,080.001 - _ _ _. Public WOrks 1 anew bid 2,800 Sanitary Sewer-offsite $0.00 1 _ _ - $0.001 _ - _ - _ _ ~ _ _ _ - - _ -I- - _ _ _ _ _ ~Water-internal _ _ _ _ _ _,_ 1 ~ _ - ~ _ _ - - - - - $O.OOr ~ ~ _. i_ _. - _ _ Public Works iSS 6/7!09 'Water-Offsite ~~ - _~ - _ - - _ i - _. - $0.00 ~ ~ _ $0.00~ -Public Works ~ ~ _ ~ _ - _ _ - - ,Street Lights _ I 1 _ - - _ i- $0.00 _ $0001 BWldmg __ 1 ILantlscaping _ - - _ _ - $26,200.00 $2,620.00 ~ $28,820.00 .. _. PZ 1 1 I _ Pathways _ __ - _ ~ - $0.00 ~ _ _.._ _ 1- $0.001 - _ _ _. - - PZ - ~ _ _ _ - - ~- - _ - _ _ _ Fencing $0.00 $O.OOi PZ 1 Tiling $0.00 1 $0.00' PZ - _ - - - ~ ~~ _ _ - - i _. _. _ _. ~ _ _ I _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Pressurized Irrigation $0.00 I $0.00 NMID I 'Gravity Irrigation ~ I $0.00 ' $0.001 NMID 1 i Other _.___ I ,, I __- ____.. _~, __ _._.- $0.00 1 __. _.__. $0.001 ___ _-~___ 1 _.. PW - I - - _ $0.00 1 $O.OOr ~ 1 I $0.00 ! $0.00 ! L _ _ _ _ _ _ - - - _ I _ $0.00 . _ - __ _ _.I $0.00 . _. _. - - - _ _ - __. _. t _ _. _. _. - - TOTAL: $29,000.00 $2,900.00 $31,900.00 Page 1 of 1 Jaycee Holman From: Scott Steckline Sent: Wednesday, July 15, 2009 9:51 AM To: Jaycee Holman Subject: NOLA Subdivision Jaycee, Please authorize a release for the NOLA Subdivision LOC No. 609 from Bank of The Cascades as the Applicant has submitted cash to fulfill the requirements. Thank you SCOTT STECKI..INE Land Development Supervisor Meridian Public Works Department 33 E. Broadway Ave, Suite 102 Meridian, Idaho 53642 Ph: (208) 898-5500 Fax: (208) 898-9551 E-Mail: gsteckline(agneridian_city.orz 7/17/2009 RECEIVE Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Date: 3/31/06 Re: Nola Subdivision MAR 3 1 20~ City of Meridian City Clerk Oftica I have signed the plat for the above project and am forvvarding it to you for your signature. This is a re-sign for this Subdivision as some changes were required on the plat and new signatures were required. All previous memos regarding required sureties, improvements etc are not effected. Thank you. ~t ~ ~~ ~~~~ ~ ~~ ~~~~~`~ From the desk of .. Lenard A Grady, P.E. Public Works Director Merktiart Public Woks Department 660 E. Watatowa Lane, Suite 200 Meridian, Idaho 83642 (208)898-5500 Fax: (208)898-9551 • Page 1 Axlyl(pieridianciry.org 03/29/2006 09:46 2085859001 UNLIMITED BOUNDARIES PAGE 01 Urvlin¢ited Boundaries, Inc. dha ALS A ` Land Surveying & Civil Engin.eet-ing 1103 W. Main St. Middleton, Idaho R3CKl4 208-.SRS-5858 Z08-585-9001 Fa „ 33 March 29, 2006 APR 0 ~ 2006 Steve Flill ~~ ~ ,~ ~ `a -' ~' ~ ~ ~ ~ ~~'' '~ - Fax 898-9920 RE: Face of Plat and Signature sheet for NOLA SUBDIVISION To Whom It May Concern: We are requesting signatures for the above-mentioned plat. This plat has been through all the agencies with appropriate signatures. The Ada County surveyor was the last review and required. us to modify Note 3 on the face of the plat (this is in regards to irrigation water) and he also zequired the owners certificate be modzfied to reflect the right-of--way take nn Pine Avenue. Due to the significant changes I choose to re-plot the mylars in order to maintain the quality of the film itself. If you have any questions or concerns please contact me at 585-5858. Sincerely, ~~ r~ Douglas G. Bergey, P.L.S. SURETY SPREADSHEET Project Name: Nola Date Compiled: 7/24/2005 Letter of CredifBond No.: NZS562875 Issued By: Wells Fargo Expiration Data: dnrv>nnv dnrtnrmn n~nnrmn 7H5l2009 Check No.: Party Responsible Dafe Signed Off/ Item Unfinistx3d Partial Surety For Sign-0ff Penton Comments Sanitary Sewer-internal $3,850.00 $386.00 - _. $4.026.00 _ Public Works ___ __ __ _. r-offsite -_rY ~ _ - ~~~~'~ ~ rintemal Wafe ___._ _. $15360.00 . _ $1536.00 _. $18,898.00 ._ _I ___Public Worka_._ _ _ ~ _._. Water-Offsite $000 $0.00 Public Works ~ ~. I Street Lighh Larxlscaping $26.200.00 $0.00 $2620.00 $0.00 $28.82000 Buildi _ _ PZ __ l affrviays P $0.00 $0.00 PZ } l - encing F $0.110 $0.00 PZ _ Tiling $0.00 $000 PZ Pressurized lnigafion $0.00 $000 NMID i Gravity Irtigafion ~ $0.00 $0.00 NMID ~ _ _ _ _ Other $0.00 $0 00 PW $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL: $45,220.00 54,522.00 549,742.00 ;~.~; b ~~`~ ~~.~~ 1o~e ~ ~~~ F ~J Win,: <. SURETY SPREADSHEET Project Name: Date Compiled: Letter of CrediUBond No.: Issued BY: Expiration Date: Check No.: Item Sanitary Sevrer tintemal Nola ~/2q/2ggg NZS562676 Wells Fargo v~nr~nm Unfinished $3,000,00 -- /20/2008 Partial $366.00 rely $4,026.00 _ Parly Resporeible Date Signed Off/ For Sign-0ff Person Comments Public Works Sanitary SevreroffsRe $0.00 $0.00 -.--.- --.-.---. -- Watertintemal $15,360.00 $1,536.00 $18,896.00 Public Works --- ---- -- ----- Water-Oflsite_ -- .-- $0.00 $0.00 Public Works __ -----_.- Street Lights $O,W $0.00 BuiMing -.- __-__ - __ __ _ Landscapin9___ 826.200.00 - --- $2.620.00 $28,820.181 PZ ---- -_--- -- __ Pathways _ --. $0.00 $0.00 PZ ---- Fencing $O.W $0.00 PZ -----.---- Tiling ._ $0.00 $0.00 PZ - --- -. Pressudzed Irtigatlon $0.00 $0.00 NMID ---- -- Gravity InigaOOn -.__ -_ _-- $0.00 -- $0.00 NMID __- Olher. --__--_- -_ -_ -_.---_ -- - - --- $0.00 $0.00 PW .._ -_.-- __-- -- $0.00 $0.00 __. -- _-.-_ - _- __- -- -_ --_ $p.1R1 - $O.W ---_. $0.00 $0.00 --_ -- ---_ ___--- TOTAL: $45,220.00 54,522.00 549,742.00 i~ l' s ~~~ p0~ ~~~~ ~,, _ ~~ \ ~ ~ ~~ ` ~~~ ~~~ ~~ ~ 1 ~ ~~ ~., ~ ' - Memo To: Will Berg From: Lenard A Grady, P.E. CC: File, Kerrie, P & Z Staff Date: 1/23/08 Re: Nola Subdivision JAN 2 4 2006 filly rei Mc; u;.v :Svflr~rl. =.r-.- I have signed the plat 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 also forwarding original letter of credit No. NZS582875 (Wells Fargo -dated 1 /20/2006) for $49,742.00. This represents surety for items, and in amounts, listed on the attached spreadsheet. Please call Steve Hill of HCC, LLC at 898-9910 when the plat is ready to be picked up. Please call me if you have any questions. Thank you. From the desk of .. Lenard A Grady, P.E. City Engineer Meridian Public Works Depanmern FiGO E. Wa[ertower Tana. Srute 200 Meridian, Idaho 83bi2 (208)898-5500 Fmc: (208) 898-9551 .....a, i~~ ore • Page 1 WELLS FARGO BANK, N. A. TRADE SERVICES DIVISION, NORTHERN CALIFORNIA ONE FRONT STREET, 21sT FLOOR San Francisco, California 94111 1 800 798 2815 option 1 IRREVOCABLE LETTER OF CREDIT Beneficiary: Letter of Credit No.: NZS562875 City of Meridian Issuance Date: January 20, 2006 660 East Watertower, Suite 200 Expiration Date: January 20, 2007 Meridian, ID 83642 Attn: Brad Watson Ladies and Gentlemen: At the request and for the account of Steven A. Hill, 642 E. Trinidad Drive, Meridian, ID 83642, we hereby establish our irrevocable Letter of Credit in your favor in the amount of Forty Nine Thousand Seven Hundred Forty Two and 00/100 United States Dollars (US $49,742.00) available with us at our above office by payment of your draft(s) drawn on us at sight accompanied by your signed and dated statement worded as follows "The undersigned, an authorized representative of The City of Meridian ("City"), hereby certifies that the amount of the accompanying draft drawn under Wells Fargo Bank N.A. letter of credit number NZS562875 is due to the City since Steven A. Hill has failed to complete the sewer, water, pressurized irrigation, street lights, landscaping and fencing for the Nola Subdivision # 1." Partial Drawings are permitted. (more than one draft may be drawn and presented under this Letter of Credit). This Letter of Credit expires at our above office or our Boise Office on January 20, 2007. Each draft must be marked "DRAWN UNDER WELLS FARGO BANK, N.A. LETTER OF CREDIT NO.:NZS5628751' If any instructions accompanying a drawing under this Letter of Credit request that payment is to be made by transfer to an account with us or at another bank, we and/or such other bank may rely on an account number specified in such instructions even if the number identifies a person or entity different from the intended payee. This is an integral part of the Letter of Credit No. NZS562875 We expressly agree with you that all drafts drawn under and in compliance with the terms of this Letter of Credit shall meet with due honor upon presentation to us at our above address. Drafts and document may also be presented to our Boise Office at: Boise Letter of Credit Operations, Boise Service Center Building, 3033 Elder Street, Boise, Idaho 83705, attn: Timi Freeman. This Letter of Credit is subject to the Uniform Customs and Practice For Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 ("UCP") and engages us in accordance with the terms thereof. We hereby engage with you that each draft drawn and presented to us in compliance with the terms and provisions of this Letter of Credit will be duly honored by payment to you: Very truly yours, WELLS F O NK, N. A. By: (Authonzed Signature) Eisa Chau, Assistant Vice President (j saoa ~ ~ r,~r li~i, ~3 , r~S ~`1 ~~.1~~,_.d`1. p~ b O H C _I~ Z DEC-23-2005 FRI 11 41 AM MASCO INC Masco, Inc. 5450 W. Gowen Rd Boise, ID 83709 Diggin' Deep and Singin' Loud Phone: (2081362-6752 Fax: (2081362-6799 Submitted To: Hill Construction Consulting Bid Title: Nola Sub. - ACHD Improvements Address: 760 E. King St. Bid Number: PLANS 8/3/05 Suite 107 ProjeetLocation: Nola/Pine Meridian, ID 83642 Contact: Steve Hill Project City, State: Meridian - Phone: 698-9910 Fax: 898-9920 EnginesrlArchitect: Angela Cornish Item No. Item Description Estimated Quantity Unit Unit Price Totat Price Per Referenced Plans 1 Excavation to Subgrade elev. 260.00 CY $8.00 $2,080.00 2 6" Minus Uncrushed Subbase - 20" Depth 300.00 TON $8.00 $2,400.00 3 3!4" Crushed Base - 4" Depth 75.00 TON $22.00 $1,650.00 4 3/4" Class III Asphalt - 3" Depth - 33.00 TON $62.00 $2,046.C0 6 Demo. Existing Identifiable Above Grade 1.00 LS $1,300.00 $1,300.00 Obstructions 7 6" Vert. Curb & Gutter 230.00 LF $13.00 $2,990.00 8 4" Sidewalk 1,150.00 SF $2.20 $2,530.00 9 15" SDR 35 brig. Pipe 200.00 LF $35.00 $7,000.00 10 4x4 Irr. Box w/diamond plate lid 2.00 EACH $1,800.00 $3,600.00 11 15" Metal Slide Gate 2.00 EACH $250.00 $500.00 12 18"Metal Slide Gate 1.00 EACH $310.00 $310.00 13 Type I Drop Inlet - 1,00 EACH $770.00 $770.00 14 1000 Gal. Sand/Grease Trap 1.00 EACH $2,320.00 $2,320.00 15 Seepage Beds 112.00 CY $28.00 $3,136.00 16 SD Monitoring Well '- 2.00 EACH $275.00 $550.00 17 Construction Staking Allowance 1.00 LS $3,100.00 $3,100.00 18 TratficControl 1.00 LS $1,900.00 $1,900.00 19 Erosion/Sediment Control Allowance 1.00 LS $820.00 $820.00 ~ Utility Stubs - No Design 21 8" Water Commercial Services 3.00 EACH $5,120.00 ,$15;3BBA6~> 22 6" Sewer Service stubs off existing main 3.00 EAGH $1,220.00 $3,~o:fx1 23 Traffic Control 1.00 LS $1,190.00 $1,190.00 Total Bid Price: $59,212.00 Notes: 'Price assumes ACRD subdivision permit issued (no fee). ' Price DOES NOT include fees for inspections or compaction testing. ' Price DOES NOT include off-site disposal of excess soils gen erated by excavation. FAX N0, 208 362 6199 P. 02 Page 1 of 2 DEC-23-2005 PRI 11 41 AM MASCO INC Masco, Inc. 5450 W. Gowen Rd Boise, ID 83709 Diggin' Deep and Singin' Loud Phone: (208)362-8152 Fax: (208)362-8199 Submitted To: Hitt Construction Consulting ~ Bid Title: Nola Sub. -ACRD Improvements Address: 780 E. King St. Bid Numhar: PLANS 8/3/05 Suite 107 Project Location: Nola/Pine Meridian, ID 83842 Contact: Steve Hill Project City, State: Meridian Phone: 698-9910 Fax: 898-9920 Engineer/Architect•. Angela Cornish Item No. Item Description Estimated Quantity Unit Unit Price Total Price ' All Material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to the specifications and standard practices. "Any aheration or deviation from above specifications involving extra costs will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents or delays beyond Masco's control. Masco's workers are fully covered by Worker's Compensation Insurance. Masco may withdraw this proposal iT not accepted within 15 days from the date of proposal. In the event of Ikigation, the prevailing party shall be enti0ed to reasonable attorney's fees. Payment Terms: Masco shall be paid for actual quantities installed. Payment shall be made upon progress billings each 30 days. Retainage held shall be a maximum of 5%. The retainage held shall be payable upon acceptance of MASCO'S WORK by the governing authority. All unpaid amounts shall bear interest at the maximum rate allowed by law. ACCEPTED: CONFIRMED: The above pdces, specifications and conditions MASCO, Ina. are satisfactory and are hereby accepted. Buyer / / q ~ Authorized / A L ~ Signature ( / / w Signature: Date of Acceptance Estimator: rage t or FAX N0, 208 362 6199 P, 03 !Oct 21 OS 11:12a Idaho Irrigation Inc. i IDAHD IRRIGATION, INC. Quality sprinkler systems since 1992 24$5 E APR1007 DR. MERIDIAN, ID 83642 (208) 888.5497 off (208} 371.2035 cell i TO: M& S Properties LLC 760 E. King Street Ste 107 Meridian ID 83642 20H-868-5497 pp©pa~~~ p.i 1087 LR4R-9910 ~~ ~ 10/20/2005 Nola Sub PinelLocust gnovc `, 763 n! Nola Snb lands ill rn ovemgn'c i I i /3eneral grading and site work: preform landscape subgrading, Olean up and $1.SIIil.f1(L 1 dead tree removal. install automatic sprinkler system for new landscape azeas. Match exisitins 56.2.09.Q2 site precip rates and material specs. Confomr to performance specifications as outlined in initial landscape plans fox Nala Sub. Imstall plant/Tred to spcoifications outlined is landaeapa Holes. Includes ;~g,~00 D!1 replacement of previously removed dead trees. Pinar ;rading, cleanup and sod installation. Adjust anal set all irriRalion components, WE PrOpOfi~ hereby t° furnish maredel and i®bpr -complste In acc°rclana° wim the aboNC speciticatlonr•, tw the sum oe ddiars (s $26 200.00 aaymem to b° made as roucwa; l0% down to secure scheduling -' Balance Payable upon completion m sesaeiel .s tlrnranreetl n be as eaadsad, ns wbk m a: camdutr~ in a nr°kesanel r~^,-~ _ ~ .. mamaacwrtpnq}a Sla/xrBftlpfxtkes. any dl~°n ptlevimbn from ebal Sp¢ciraibrs Auslp'¢s0 ~:; YnpYrq Mme teats wll be exerted aty rfiwr wfaM oMCrs, art wa Deccme m extra Sipnslun: ,~~ ~ "__~ ^' ~ ~~ UW JO oar art WpR yle oelimap. Atl egepnnm NrrdnQonl u/idl :tl'~ aCCklanr5 of ~ !~ tldave hevand °p °xnra. Ormev>b airy sn+, iamdp, am sswr neaneary esura°ce. Wr Nola: This proposal may be wonaws era fWly taped W WwYerk Cmyprisaf°n insufarYP. WIIhO'yeWn by uB A nM aCCapMd within day„ ptdrlC:@Of PrOp0981-'~rn°snwc prices. spcalications an°c°n• aatlakx:iwy wN bra nareey occepMtl.'you ore ou~hor~~,d la de IM nnrp no nt wMl b0 mom e5 °uulred above. $Igfl$Il1rB ~ .,~_- d 4~~~ 61enaWra NESS To RneiNx 7•Wa~2259HlDawww,neta.wm ppara9,xupn 4 -.. CY~l+7YViRifV.N iYY'rJITT. Vii~mZ Vlip Mfddlaton, Idaho 1(AY 11, 2008 O ~ Oe 1 j p ~ UNPLATTED '' ~ BASIS OF BEARING(1) 57.40' OFFERED FOR DEDICATI01 8 ,,.,, ..,.,,,, .,, F. WAY ~ .'.".'..,,.'........ •'S89'S4'09"E 2649.65' To Pu~JI_IC Foy r~lcln--o - ., .... 6 ~`7 8.•''~ E. PINE A-/ENUE ~$9_54'Q9"E 547.E ' PLS 97~~~'~ so.oo - - - - o ~ POINT QF BEGINNING ~ 55:00' ~, 1987.30' i ~ ~ .............................589°54'09"E 527.28.....,. .. ....... `~ ', PLS 972 • '~~ 182.40' - ~ I. 20' WIDE PUBLIC UTILITY ~ , DRAINAGE AND LANDSCAPE ~ • ~ EASEMENT, SEE NOTE 6. ~ I N LOT 1 N N ~; ~ ~ 0 cV ~ ~ NF '' ~~ NW 182.40' 162.48' - - ~ I 10 WIOE PUBLIC UTILITY, DRAINAGE AND LANDSCAPE ~I ' 'S EASEMENT, SEE NOTE 6. LOT ^~ c, 'r~ o 0 LOT 3 0 l N N N .. I I'~ co °o N ~ ~ el- I ~ 25' WIDE PUBLIC UTILITY, N Vl Q I DRAINAGE AND d LANDSCAPE 5 WhDE PUBLIC UTILITY, EASEMENT, SEE NOTE 6. ~ DRAINAGE AND LANDSCAPE ~ EASEMENT, SEE NOTE 6. - -182 44' ' ~ . - -1 :44 , _ .18.2.47' 88°25'08„4V N88~25'~8"W 54T 35' W I . 60.01' p I 3~ ~ ~ I e°- W ' N BLOGK 1 ~ ~ ~' I ~ d' ~, O O "n, M z N N l ~I LOT 4 ~ I I 25' WIDE PUBLIC UTILITY, 10' WDE PUBLIC UTILITY, ~~ DRAINAGE ANp LANDSCAPE DRAINAGE AND LANDSCAPE I EASEMENT, SEE NOTE 8 EASEMENT, SEE NOTE 6. i ~ PLS';972 rn UNPLATTED N88°30'00"W 55.01' N88'25'01 /-55.00 C cO N ~ ~ i~ 4V ~I°~ Q ~ lO :, Q I Z~ ~_ ~i m 31985 ~ V1 /4 7~~___ _ _ N89'56'31"W 661.44' 18 17 E. FRANKLIN. ROAD - - N$8'30'QO"W 54? 2n' - - rv tStS -J U U O'" W 60.01' CP & F INS i. 11 C). SE CORM SW 1 /4 SURETY SPREADSHEET Project Name: Nola Date Compiled: 1/24/2006 Letter of CrediUBOnd No.: NZS562875 Issued By: Wells Fargo Explratlon Date: 3l30l200T Check No.: Item Unfinished /;20/;2608 Partial 120M008 Sure rty Responsible For Si n-Off te Signed OH/ Person Comments Sanitary Sewer-intemal $3,660.00 $366.00 ~ $4,026.00 - Public Works TSanitary Sewer-oNsite $0 00 ~ $0.00 ~ ~ Water-intemal ~ $15,360.00 $1,536.00 t $16,896.001 _ _ _ _ _. _ Public Works ~ _ _._ ,. _ _ _. _ _ _. ~ Water- Offsite I $0.00 ~ . $0.001 Public Works L ~ _ _ _ Street Lights _ 7 _ _ _ _ _ $0.00 _ _ I $0.0~ -. -- _ Building .--._-- -- T --.-__-~-. -_._.-_.-_ _ ___ -.-.__..- ~Lantlscaping .----. -. _.. t- -{-. ----t $26,200.00 _.- -.-.- --.__ $2,620.00 -. __ - .- ~ $28,820.00 ._.-_-~ PZ ----.-._ - ~ _ . -. __ ~ Pathways ~ $D.00 t $0.00 L PZ ~ . -----_ _--- -. ~- -.__--.- ~encmg _.. --. _ . J -.._. -_~- -. --~_ -. -. _a~-~. +- -~ . -__.-_ ---$O OO ----- PZ.-- t - ~- - ____-. .-.-._. ~-- Lilin9 _ . . ~- $0.00 - ~ - -._. $0_00 PZ_ _. _ ~.- ._ - - - _ _ _ - _ __- - - (Pressurized Irrigation --~- ---- - _ . - -_ _ - ~ _ _$0.00 -- $0.00* ---- NMID ---- L _ _ ~ ~------- Gravit Irri alion Y 9 ~ ~ $0.00 ~ ~ $0.00 NMID _~-. -- - -. -.~- _- -~ -- - - - -. Other: __ _ -~ -_-_-- -. ~-..- _. ~__-. -- - ----~. - ~ --_ -_ PW - ~ -._- 1-- -- _-.. - ~.-.--.---- -~.- -. L $000 -. .-.- ~- $0.00 _--_-~ -. --.-- +__ ._-._- ~ ~ $0.00 I $0.001 ~ ~ ---.-.-. - - . --. -_t I _ $0.00 -l_ _-. _._ $0.0~ ------ - i t.------- -_-_ TOTAL: 545,220.00 54,522.00 549,742.00 '~ ~~~ ~~ ~ ;'-' .;`~~ ~;: a~p.p~ ~' ,..~,~ ~`."~ l ~ - Nells Fargo Bank, N.A. Operations Group Northern California One Front Street, 21st Floor San Francisco, Cq 94111 PAGE: 1 DATE: JANAURY 10, 2008 AMENDMENT TO CREDIT NO. NZS562875 AMENDMENT NUMBER: 2 APPLICANT: STEVEN A. HILL 642 E TRINIDAD DR. MERIDIAN,ID 83642 BENEFICIARY: CITY OF MERIDIAN 660 EAST WATERPOWER, SUITE 200 MERIDIAN, ID 83642 ATTN: BRAD WATSON THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE CREDIT AND MUST BE ATTACHED THERETO: THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS: THE DATE OF EXPIRY IS AMENDED TO: JULY 20, 2008. ALL OTHER TERMS UNCGANGED AMENDMENT NUMBER: 2 MIKE LIN ASSISTANT VI PLEASE CONTACT AMY V. MARIO BY TELEPHONE AT 415-396-6209 OR 975-6284 OR TRADE CONNECTIONS AT 1-800-798-2815 REGARDING A URE FAX AT (415) INQUIRIES. Duplicate original Operations Group Northern California One Front Street, 21st Floor San Francisco, CA 94111 _- r WELLS FAIiGO BANK PAGE: 1 DATE: JANUARY 18, 2007 AMENDMENT TO CREDIT NO. NZS562875 AMENDMENT NUMBER: 1 APPLICANT: STEVEN A. HILL 642 E TRINIDAD DR. MERIDIAN, ID 83642 BENEFICIARY: CITY OF MERIDIAN 660 EAST WATERTOWER, SUITE 200 MERIDIAN, ID 83642 ATTN: BRAD WATSON THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE CREDIT AND MUST BE ATTACHED THERETO. THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS: THE DATE OF EXPIRY IS AMENDED TO: JANUARY 20, 2008. ALL OTHER TERMS UNCHANGED. t ~ ~!S~{ <~A~JTHORIZED SIGNATURE rr.~T PLEASE CONTACT KAREN WONG BY TELEPHONE AT 415.396.3617 OR BY FAX AT (415)296-8905 OR OUR HELPLINE AT 1-800-798-2815 OPTION 1 REGARDING ANY INQUIRIES. Original WELLS FARGO BANK, N. A. TRADE SERVICES DIVISION, NORTHERN CALIFORNIA ONE FRONT STREET, 21sT FLOOR San Francisco, California 94111 1 800 798 2815 option 1 IRREVOCABLE LETTER OF CREDIT Beneficiary: Letter of Credit No.: NZS562875 City of Meridian Issuance Date: January 20, 2006 660 East Watertower, Suite 200 Expiration Date: January 20, 2007 Meridian, ID 83642 Attn: Brad Watson Ladies and Gentlemen: At the request and for the account of Steven A. Hill, 642 E. Trinidad Drive, Meridian, ID 83642, we hereby establish our irrevocable Letter of Credit in your favor in the amount of Forty Nine Thousand Seven Hundred Forty Two and 00/100 United States Dollazs (US $49,742.00) available with us at our above office by payment of your draft(s) drawn on us at sight accompanied by your signed and dated statement worded as follows "The undersigned, an authorized representative of The City of Meridian ("City"), hereby certifies that the amount of the accompanying draft drawn under Wells Fargo Bank N.A. letter of credit number NZS562875 is due to the City since Steven A. Hill has failed to complete the sewer, water, pressurized irrigation, street lights, landscaping and fencing for the Nola Subdivision # 1." Partial Drawings aze permitted. (more than one draft maybe drawn and presented under this Letter of Credit). This Letter of Credit expires at our above office or our Boise Oftice on January 20, 2007. Each draft must be marked "DRAWN UNDER WELLS FARGO BANK, N.A. LETTER OF CREDIT NO.:NZS562875." If any instructions accompanying a drawing under this Letter of Credit request that payment is to be made by transfer to an account with us or at another bank, we and/or such other bank may rely on an account number specified in such instructions even if the number identifies a person or entity different from the intended payee. This is an integral part of the Letter of Credit No. NZS562875 We expressly agree with you that all drafts drawn under and in compliance with the terms of this Letter of Credit shall meet with due honor upon presentation to us at our above address. Drafts and document may also be presented to our Boise Office at: Boise Letter of Credit Operations, Boise Service Center Building, 3033 Elder Street, Boise, Idaho 83705, attn: Timi Freeman. This Letter of Credit is subject to the Uniform Customs and Practice For Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 ("UCP") and engages us in accordance with the terms thereof. We hereby engage with you that each draft drawn and presented to us in compliance with the terms and provisions of this Letter of Credit will be duly honored by payment to you: Very truly yours, WELLS FA O NK, N. A. By: (Authorized Signature) Eisa Chau, Assistant Vice President