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Memo RE letters of creditIDIAN- September 19, 2013 Washington Trust Bank Southern Idaho Real Estate 3251 East Presidential Drive Meridian, ID 83642 Mayor Tammy de Weerd City Council Members: Keith Bird Brad Hoaglun Charles Rountree David Zaremba Re: Release of Letters of Credit No. 24581 and 24580 (Chesterfield Sub. No. 2 After a review of the above referenced project by the Planning Department and the Public Works Department, it has been determined to release the Letters of Credit in the original amounts of $104,664.26 and 283,466.25. Please use this letter as authorizatio for Washington Trust Bank to release the Letters of Credit No. 24581 and 2458n n If you have any questions, please contact me at (208) 888-4433 cooperation. Sincerely, l Jaycee L. Holman City Clerk Enclosure Thank you for your E IDIAN-�-- Community Development Department Community Development Dept. Meridian City Hall, Suite 102 33 E. Broadway Avenue Meridian, Idaho 83642 MEMORANDUM June 7, 2013 To: Jaycee Holman From: Bruce Freckleton Re: Chesterfield Subdivision No. 2, Phase 1— LOC Jaycee, Attached are two Irrevocable Standby Letters of Credit for the above named subdivision. I. LOC #24580 in the amount of $283,466.25 for Sanitary Sewer, Water, PI, Street Lights. 2. LOC #24581 in the amount of $104,664.25 for Landscaping and Fencing. Please let me know if you should have any questions, C�WIE IDIAN Community Development Department To: From: Re: Jaycee, Community Development Dept. Meridian City Hall, Suite 102 33 E. Broadway Avenue Meridian, Idaho 83642 MEMORANDUM September 17, 2013 Jaycee Holman, City Clerk Bruce Freckleton, Development Services Manager Chesterfield Subdivision No. 2, Phase 1— Release of Performance Surety Attached is a copy of the City Engineer's final acceptance letter that officially signifies that the construction phase of the above named project is complete. At this time, I am requesting that you release the Performance Surety (copy attached) that was posted to guarantee the completion of the development features. Please let me know if you should have any questions or concerns, Thank you, �E September 17, 2013 Mr. John Laude, SR. Liberty Development, Inc. 2358 S. Titanium Place Meridian, Idaho 83642 IDIAN ,\,IDAMO Mr. Steve Vandermeer Titanium Excavation, LLC 96 S. Robinson Road Nampa, Idaho 83607 RE: Chesterfield Subdivision No. 2, Phase 1 — Final Acceptance Dear Mr. Laude: Mayor Tammy de Weerd City Council Members: Keith Bird Brad Hoagtun Charles Rountree David Zaremba Installation of this project's sanitary sewer and/or domestic water systems has satisfactorily completed in accordance with the a been the required testing in accordance with City of Meridian Standard Specifications and therefore are hereby accepted by the Cityapproved plans. These systems have passed for ownership and normal maintenance. Drawings, Record drawings submitted to us for this project are also accepted the Idaho Department of Environmental Quality. The engineer of record is responsible certification of the record drawings as to horizontal a and are being forwarded to sewer facilities installed. and vertical location of all public wateorrand In accordance with the City of Meridian's Unified Development Code 11-5 - Works Department' Standard Specifications and Drawings, the installation sewer and domestic water systems are to be warranted § C 3, and the Public Of two years from the date of this letter. against defect by the owner for a period and materials of the Sin e ely, f` . r� Warren Stewart, P.E. City Engineer cc. City Clerk PW - Water Division PW - Wastewater Division PW - Construction Division File DEQ C�WIE IDIA.N ,-- Community Development Deportment Community Development Dept. Meridian City Hall, Suite 102 33 E. Broadway Avenue Meridian, Idaho 83642 MEMORANDUM June 7, 2013 To: Jaycee Holman From: Bruce Freckleton Re: Chesterfield Subdivision No. 2, Phase 1— LOC Jaycee, Attached are two Irrevocable Standby Letters of Credit for the above named subdivision. I. LOC #24580 in the amount of $283,466.25 for Sanitary Sewer, Water, PI, Street Lights. 2. LOC #24581 in the amount of $104,664,25 for Landscaping and Fencing. Please let me know if you should have any questions, Washington Trust Bank Ill, IRREVOCABLESTANDBY LETTER OF CREDIT NO.24581 DATE: MARCH 28, 2013 AMOUNT: $104,664.25 City of Meridian Planning and Zoning 33 E Broadway Avenue Meridian, ID 63642-2619 Ladies and Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 24581 in your favor for the account of LIBERTY DEVELOPMENT, INC., 2358 S. Titanium Place, Meridian, ID 83642-6867, up to the aggregate arnount of ONE HUNDRED FOUR THOUSAND SIX HUNDRED SIXTY-FOUR AND 25;'100---------- Dollars ($104,664.25) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before March 28, 2014, covering Chesterfield Subdivision No. 2, Phase 1, and accompanied by the following: 1. A signed staternent from the City of Meridian Planning and Zoning reading exactly as follows: 1, the undersigned duly authorized representative of the City of Meridian Planning and Zoning, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements and `or other work as is incidental and related thereto in accordance with the drawings and specifications as submitted to the City of Meridian Public Works." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 2458 l ". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to Washington Trust Bank, 3251 E. Presidential Drive, Meridian, ID 83642, on or before March 28, 2014. All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (2007 Revision) International Chamber of Commerce Publication No. 600. Sincerely, A-rfk Pray Assistant Vice President Washington Trust Bank Southern Idaho Real Estate 3251 East Presidential Drive Meridian, Idaho 83642,6009 Fax (208) 884-2703 %kwwmatrust.con, WasNrxjton Trust Bank Illy IRREVOCABLE STANDBY LETTER OF CREDIT NO. 24580 DATE: MARCH 28, 2013 AMOUNT: $283,466.25 City of Meridian Public Works 33 E Broadway Avenue Meridian, ID 63642-2619 Ladies and Gentlemen: We hereby establish our Irrevocable Standby Letter of Credit No. 24580 in your favor for the account of LIBERTY DEVELOPMENT, INC., 2358 S. Titanium Place, Meridian, ID 83642-6867, up to the aggregate amount of TWO HUNDRED EIGHTY-THREE THOUSAND FOUR HUNDRED SIXTY-SIX AND 25; 100- ---------Dollars ($283,466.25) U.S. currency, available by your draft(s) drawn at sight on us and presented to Washington Trust Bank on or before March 28, 2014, covering Chesterfield Subdivision No. 2, Phase 1, and accompanied by the following: A signed statement from the City of Meridian Public Works reading exactly as follows: "I, the undersigned duly authorized representative of the City of Meridian Public Works, hereby certify that the draft drawn under this Letter of Credit represents the amount of money required to complete the subdivision improvements and'or other work as is incidental and related thereto in accordance with the drawings and specifications as submitted to the City of Meridian Public Works." 2. Original of this Letter of Credit. All drafts presented under the credit must contain the clause "Drawn under Washington Trust Bank Letter of Credit No. 24580". Any and all banking charges, other than those of the issuing bank, are for the account of the beneficiary. We hereby engage with the drawers and bona fide holders of drafts drawn under and in compliance with the terms of this Letter of Credit that the drafts will be duly honored upon presentation and delivery of documents, as specified, to :��ashington Trust Bank, 3251 E. Presidential 2014. Drive. Meridian, IQ 83642, on or before MarcMarch23, All drawings under this credit will be governed by the Uniform Customs & Practice for Documentary Credits (2007 Revision) International Chamber of Commerce Publication No. 600. Sinderely, 'P Erik Pray Assistant Vice President Washington Trust Bank Southern Idaho Real Estate 3251 East Presidential Drive Meridian, Idaho 83642.6009 I-ax (208) 884.2703 WWW.U'8rr11st.00111 V IDIA! r N September 17, 2013 Mr. John Laude, SR. Mr. Steve Vandermeer Liberty Development, Inc. Titanium Excavation, LLC 2358 S. Titanium Place 96 S. Robinson Road Meridian, Idaho 83642 Nampa, Idaho 83607 RE: Chesterfield Subdivision No. 2, Phase 1 — Final Acceptance Dear Mr. Laude: Mayor Tammy de Weerd City Council Members: Keith Bird Brad Hoaglun Charles Rountree David Zaremba Installation of this project's sanitary sewer and/or domestic water systems has been satisfactorily completed in accordance with the approved plans. These systems have passed the required testing in accordance with City of Meridian Standard Specifications and Drawings, and therefore are hereby accepted by the City for ownership and normal maintenance. Record drawings submitted to us for this project are also accepted and are being forwarded to the Idaho Department of Environmental Quality. The engineer of record is responsible for certification of the record drawings as to horizontal and vertical location of all public water and sewer facilities installed. In accordance with the City of Meridian's Unified Development Code §11-5C-3, and the Public Works Department' Standard Specifications and Drawings, the installation and materials of the sewer and domestic water systems are to be warranted against defect by the owner for a period of two years from the date of this letter. Sinpetely, Warren Stewart, P.E. City Engineer cc. City Clerk PW - Water Division PW - Wastewater Division PW - Construction Division File DEQ P btin Works Department . 33 E Broadway Ave. Suite 200, Meridian. ID 83642 Phone 208-8 8-5500 . Fax 208-898-9551 . r rnidiancity,org E IDIAN--- Community Development Department Community Development Dept. Meridian City Hall, Suite 102 33 E. Broadway Avenue Meridian, Idaho 83642 MEMORANDUM August 12, 2013 To: Jaycee Holman From: Bruce Freckleton Re: Chesterfield Subdivision No. 2 Phase 1 Warren, Attached is the final plat of Chesterfield Subdivision No. 2 Phase 1 for your signature. All pre- requisite items required for signature have been complied with, including but not limited to entering into a Development Surety Agreement and posting of surety. This development was approved by the Meridian City Council on: February 5, 2013 (Findings) Please let me know if you should have any questions or concerns, Thanks, Bruc The Applicant is hereby notified that pursuant to Idaho Code 67-8003, the Owner may request a regulatory taking analysis. Such request must be in writing, and must be filed with the City Clerk not more than twenty-eight (28) days after the final decision concerning the matter at issue. A request for a regulatory takings analysis will toll the time period within which a Petition for Judicial Review may be filed. Please take notice that this is a final action of the governing body of the City of Meridian, pursuant to Idaho Code § 67-6521. An affected person being a person who has an interest in real property which may be adversely affected by this decision may, within twenty- eight (28) days after the date of this decision and order, seek a judicial review as provided by Chapter 52, Title 67, Idaho Code. By action of the City Council at its regular meeting held on the day of , 2013. DATED this day of 2013. ��' 7 �Q°4p,TED AUc ,`l� Mayor T de Weerd Attest: city SEAS ^t Tv V ycee H 1 an, City Clerk aE"S'A% ORDER GRANTING FINAL PLAT APPROVAL FOR CHESTERFIELD SUBDIVISION NO.2 (FP-13- 001) Page 3 of 4