Satisfaction of Development Surety Agreement and Release of Warranty SuretyADA COUNTY RECORDER Christopher D. Rich 2017-000908
BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 01/04/2017 02:19 PM
CITY OF MERIDIAN, IDAHO NO FEE
NOTICE
SATISFACTION OF DEVELOPMENT SURETY AGREEMENT
and RELEASE OF WARRANTY SURETY
For
The Development Known As: Baltic Place Addition
Between
Cair Paravel, LLC
And
CITY OF MERIDIAN
The Development Surety Agreement, recorded as Instrument # 2014-082251, entered by and between
the City of Meridian ("City"), a Municipal Corporation, and Cair Paravel, 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 e City's consent to lease of the warranty surety.
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& Jay Voles,City Clerk
STATE OF IDAHO )
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County of Ada )
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On this LA*' day of ,1( r)u Y(r, 2/6, 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.
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Notary Public for Idaho
Residing at: ff uww ia&ao
Commission expires: 3 -c98 —,9 C k' t 2 -
City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642
Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org
SII IDIAN�._�
December 31, 2016
Mayor Tammy de Weerd
City Council Members:
Keith Bird Joe Borton
Luke Cavener Genesis Milam
Ty Palmer Anne Little Roberts
Mr. James Fowler, Partner Petra, Inc.
Cair Paravel, LLC 1097 N. Rosario St., Suite 200
13440 SE 30th Street Meridian, ID 83642-8005
Bellevue, WA
RE Baltic Place Addition — Discharge from warranty responsibility and Satisfaction of
Development Surety Agreement
Dear Mr. Fowler:
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 September 25, 2016 and recorded as Ada County Instrument No.2014-
082251. The City will record a notice of satisfaction of the recorded Instrument and release of
Warranty Surety.
Sincerely,
Aarren 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 . Fax 208-898-9551 ® www.meridiancity.org