Performance SuretyC%Vl E IDIAN-
January 16, 2014
Developers Surety and Indemnity Company
Indemnity Company of California
17780 Fitch, Suite 200
Irvine, CA 92614
Mayor Tammy de Weerd
City Council Members:
Keith Bird
Brad Hoaglun
Charles Rountree
David Zaremba
Re: Release of Performance Bond No. 754921 S (The Villas at Loc
for Applicant Hayden Homes Idaho LLC hsa Falls 1 and 2)
After a site inspection and review of the above referenced project
Department and the Public Works Department, it has been deter by the Planning
Performance Bond in the amount of $128,290.58. Please use this
authorization for Developers Surety and Indemnity mined to release the
Bond No. 754921 S Is letter as
y Company to cancel Performance
If you have any questions, please contact me at (208) 888.44
cooperation. 33. Thank you for your
Sincerely,
� / 44Z'�
Jaycee L. Holman
City Clerk
Enclosure
�EIZIDIAN
January 9, 2014
Mr. Dennis Murphy
Hayden Homes Idaho LLC
2464 SW Glacier Place, Suite 110
Redmond. Oregon 97756
RE: The Villas at Lochsa Falls Subdivision #1
Dear Mr. Murphy:
0 mc�
a;> ,
Mayor Tammy de Weerd
City Council Members:
Keith Bird
Brad Hoaglun
Charles Rountree
David Zaremba
McMaster Construction & Development Co.
16166 N. 20" Street
Nampa, Idaho 83687
and #3 — Final Acceptance
Installation of this project's sanitary sewer and/or domestic water systems has been
satisfactorily completed in accordance with the a the required testing in accordance with City of Meridian Standard Specification n
approved plans. These systems have passed
and therefore are hereby accepted by the City for ownership and normal maintenance.
Drawings,
Record drawings submitted to us for this project are also accepted and are beingce.
the Idaho Department of Environmental Quality. The engineer of record is responsible
certification of the record drawings as to horizontal and vertical location forwarded to
sewer facilities installed. P nsible for
n of all public water and
In accordance with the City of Meridian's Unified Development Code 11-5C-
Meridian's Supplemental Specifications and Drawings to the Idaho Standards
Construction, 2008 Edition, the installation and materials § 3, and the City of
systems are to be warranted against defect by the owner for period ds for Public Works
of the sewer and domestic water
of this letter. p riod of two -years from the date
Uty Engineer
cc. City Clerk
PW - Water Division
PW - Wastewater Division
PW - Construction Division
File
DEQ
Public Works Department , 33 E Broadway
Phone 208-898.5500 . Fax 208-898551' Suite 200 �MeridianID 83642
g
A'
insc INSCO INSURANCE SERVICES, INC.
�'CO Underwriting Manager for:
o ] Developers Surety and Indemnity Company lR�
Indemnity Company of California j
17780 Fitch, Suite 200 • Irvine, California 92614 - (949) 263-3300
BOND NO. 754921S
INITIAL PREMIUM:
SUBJECT TO RENEWAL. ,
SUBDIVISION IMPROVEMENTS
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
That we, Hayden Homes Idaho, LLC
and Deve opers urety an n emnrty ompany as a corporation organized and doing business virtue of the laws of the State of Iowa and by
�—
in the State of Idaho and duly licensed to conduct a general surety business
The City of Meridian as Surety, are held and firmly bound unto
as Obligee, in the sum of One Hundred Twenty Eight Thousand Two Hundred Ninety dollars and Fifty Eight cents
($ 128,290.58 ) Dollars, for which payment,
well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH THAT;
WHEREAS, the above named Principal entered into an agreement or agreements with said Obligee to:
Improvements for Villas at Lochsa Falls - Phase 1 & 2
or NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well and truly perform said agreement
agreements during the original term thereof or of any
no extension of said term that may be granted by the Obligee with or without
notice to the Surety, this obligation shall be void, otherwise it shall remain in fill force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said
Surety is hereto affixed and attested by its duty authorized Attorney -in -Fact at
, this 19th day of August
"PRINCIPAL"
Hayden Homes Idaho, LL
f
ID-1277 (REV. 3/01)
815 SW Bond Street Suite 130, Bend, OR 97702
2013
"SURETY"
Developers Surety and Indemnity Company
B:
Heather Chesbro Attorney -in -Fact
POWER OF ATTORNEY FOR
DEVELOPERS SURETY AND INDEMNITY COMPANY
INDEMNITY COMPANY OF CALIFORNIA
PO Box 19725, IRVINE. CA 92623 (949) 263-3300
KNOWALL BY THESE PRESENTS that except as expressly limited, DEVELOPERS SURETYAND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA, do each
hereby make, constitute and appoint:
**`Sierra Proctor, Stacy Gulnac, Heather Chesbro, Jeff Weichman, Chris Intlekofer, jointly or Severally***
as their true and lawful Attorney(s)-in-Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporations, as sureties, bonds, undertakings and contracts of surely.
ship giving and granting unto said Attorney(s)- in- Fact full power and authority to do and to perform every act necessary, requisite or proper to be done in connection therewith as each of
said corporations could do, but reserving to each of said corporations full power of substitution and revocation, and all of the acts of saidAttorney(s) in-Facl, pursuant to these presents,
are hereby ratified and Confirmed.
This Power of Attomey is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY
AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA, effective as of January 1st, 2008,
RESOLVED, that a combination of any two of the Chairman of the Board, the President, Executive Vice -President, Senior Vice -President or any Vice President of the
corporations be, and that each of them hereby is, authorized to execute this Power of Attorney, qualifying the attorney(s) named in the Power of Attomey to execute, on behalf of the
corporations, bonds, undertakings and contracts of suretyship; and that the Secretary or any Assistant Secretary of either of the Corporations be, and each of them hereby is, authorized
to attest the execution of any such Power of Attomey;
RESOLVED, FURTHER, that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such
Power ofAttorney or certificate bearing such facsimile signatures shal! be valid and binding upon the corporations when so affixed and in the future with respect to any bond, undertaking
or contract of suretyship to which if is attached.
IN WITNESS WHEREOF, DEVELOPERS SURETYAND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by
their respective officers and attested by their respective Secretary or Assistant Secretary this January 1st, 2008.
By:__ \
.op,
Daniel Young, Vice -President �� t AN° oMpAN Y o
a`JQ pPOR .c�
c� Al
O q�
By:_�' ?rr OCT.
e a; t0 = = 1 OCT, 5
Stephen T. Pate, Senior Vice -President o +; 1 936 :` o w O 19G7
State of California`a O
C9Cl
�?90 ,rOWA,• �! . 2 F
County of Orange ` 0
n.r„ *„........ ` 4-
On .__ JanuarY31 2011 before me,
Date _ AntTliciAlvarado, Notary Public
personally appeared
Here Insert Name and Title of the Officer
Younc ar__� d Stephen T Pate
Names) of Signer(s)----- — ------------
who proved tome on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed Gre same in hismer/lhei
AAITQNIO ALVAHADO capacity(ies), and that by hislherltheir signatures) on the instrument the person(s), or the entity upon behalf of
COMM, t 186pg4,3 which the persons) acted, executed the instrument.
3 NOTARY PUBLIC MFORNIA
1RWIE COUNTY I Certify under PENALTY OF PERJURY under the laws of the State of California that the foreg
MY COMM-oomexpires Aug.19, 2019 t true and correct. oing paragraph is
WITNESS my hand and official seal.
Place Notary Seal Above
Signature w*
Antonio Alvarado, Notary Public
CERTIFICATE
The undersigned, as Secretary orAssistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA, does hereby
certify that the foregoing Power ofAttorney remains in full force and has not been revoked and, furthermore, that the provisions of the resolutions of the respective Boards of Direct
said corporations set forth in the Power ofAttorney are in force as of the date of this Certificate.
Directors of
This Certificate is executed in the City of Irvine, California, this 1 9 t
yof August, 201.3
By: — -
regg Okur , istant Secretary
ID-1380(Rev.01/11)
E IDIAN�--
Community Development
Department
Community Development Dept.
Meridian City Hall, Suite 102
33 E. Broadway Avenue
Meridian, Idaho 83642
MEMORANDUM
August 23, 2013
To: Jaycee, Holman, City Clerk
From: Bruce Freckleton, Development Services Manager
Re: Villas at Lochsa Falls — Phase 1 & 2 — Performance Surety
Jaycee,
Attached is the original of Performance Bond No. 754921S, issued by Insco Dico Group on
behalf of their client, Hayden Homes Idaho, Inc., as a guarantee of completion of development
improvements in the Villas at Lochsa Falls — Phase 1 A ? I have 1
Breakdown for this development.
a so attached a Surety
Please let me know if you should have any questions or concerns.
Thank you,
Bruce
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