Recorded Satisfaction of of Development Surety Agreement and Release of Warranty SuretyADA COUNTY RECORDER Christopher D. Rich 2016-111589
BOISE IDAHO Pgs=2 CHE FOWLER 11/17/2016 11:24 AM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Bridgetower Heights Subdivision
Between
Cottonwood Development, LLC
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2014-090767, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Cottonwood Development, 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 t . T-i's
o sent to r ease of the warranty surety.
ay Co es,City Clerk
STATE OF IDAHO )
:ss
County of Ada )
On this 1, 1 day of Nov'tw' , 2016, before me, a Notary Public,
personally appeared C. Jay Coles 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.
•.$$ago,
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(S)t; Notary Public for Idaho
,,C • Residing at:
Commission expires:
OP 1DO
City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org
November 6, 2016
Mayor Tammy de Weerd
City Council Members:
Keith Bird Joe Borton
Luke Cavener Genesis Milam
Ty Palmer Anne Little Roberts
Mr. Mike McCollum Idaho Sand and Gravel Company
Cottonwood Development, LLC 924 N. Sugar Street
55 Tappan Road Nampa, ID 83687
San Anselmo, CA 94960
RE Volterra Heights Subdivision "aka" Bridgetower Heights Subdivision — Discharge from
warranty responsibility and Satisfaction of Development Surety Agreement
Dear Mr. McCollum:
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 projects 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 October 15, 2016 and recorded as Ada County Instrument No.2014-090767.
The City will record a notice of satisfaction of the recorded Instrument and release of Warranty
Surety.
Since" ly,
fly
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 Ave, Suite 200, Meridian, ID 83642
Phone 208-898-5500 n Fax 208-898-9551 ® www.meridiancity.org