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Warranty Discharge and Satisfaction of Development Surety Letter - Regency at River Valley Apts Phase 2Mayor Robert E Simison E IDIANCity Council Members: Treg 8ernt Brad Hoaglun Joe Borton Jessica Perreauit Luke Cavener Liz Strader March 02, 2021 Mr. James McLaughlin Granite Excavation, Inc. Bach Land and Development, LLC Dusty Hibbard 11650 S. State St. Suite 300 23 Warm Lake Highway Draper, UT 84020 Cascade, ID 83611 RE: Regency at River Valley Apartments Phase 2 — Discharge from warranty responsibility and Satisfaction of Warranty Surety Agreement Dear Mr. James McLaughlin: 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 project's 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 February 26, 2019 and recorded as Ada County Instrument No. 2019-015127. 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