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Satisfaction of Development Surety Agreement and Release of Warranty SuretyADA COUNTY RECORDER Christopher D. Rich 2017-005633 BOISE IDAHO Pgs=2 CHE FOWLER 01/19/2017 08:50 AM CITY OF MERIDIAN, IDAHO NO FEE NOTICE SATISFACTION OF DEVELOPMENT SURETY AGREEMENT and RELEASE OF WARRANTY SURETY For The Development Known As: Red Wing Subdivision Between Red Tail Communities, LLC And CITY OF MERIDIAN The Development Surety Agreement, recorded as Instrument # 113080078, entered by and between the City of Meridian ("City"), a Municipal Corporation, and Red Tail Communities, 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 City's consent to release of the warranty surety. Jay eoles,City Clerk STATE OF IDAHO ) ss County of Ada On this T" day of Q O , 29,46, before me, a Notary Public, personally appeared C. Jay Coles known or identified to me to be the City Cleric, 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. (SEAL) Notary Public for Idaho • Residing at: q> Commission Commission expires: 3� City of Meridian • 33 E. Broadway Avenue Meridian, ID 83642 Phone 208-888-4433 • Fax 208-887-4813 • www.meridiancity.org January 10, 2017 Mayor Tammy de Weerd City Council Members: Keith Bird Joe Borton Luke Cavener Genesis Milam Ty Palmer Anne Little Roberts Mr. Randy Fulmer Knife River — Southern Idaho Division Red Tail Communities, LLC 5450 W. Gowan Road 660 E. Franklin Road, Suite 270 Boise, ID 83709 Meridian; ID 83642 RE Red Wing Subdivision — Discharge from warranty responsibility and Satisfaction of Development Surety Agreement Dear Mr. Fulmer: 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 July 3rd 2013 and recorded as Ada County Instrument No.113080078. The City will record a notice of satisfaction of the recorded Instrument and release of Warranty Surety. Sincerely, 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 . Fax 208-898-9551 . www.meridiancity.org