Letter of Credit(�E IDIAN�
January 6, 2014
Wells Fargo Bank
International Standby Letter of Credit Processing
MAC A0283-123
794 Davis Street, 2nd Floor
San Leandro, CA 94577-6922
Mayor Tammy de Weerd
City Council Members:
Keith Bird
Brad Hoaglun
Charles Rountree
David Zaremba
Re: Release of Letter of Credit No. IS0063286U (Spurwing Grove No. 6) for Applicant
Brighton Development, Inc.
After a site inspection and review of the above referenced project by the Planning
Department and the Public Works Department, it has been determined to release the
Letter of Credit in the amount of $134,748.25. Please use this letter as authorization for
Wells Fargo Bank to cancel the Letter of Credit No. IS0063286U.
If you have any questions, please contact me at (208) 888-4433. Thank you for your
cooperation.
Sincerely,
Jaycee Holman
City Clerk
Enclosure
W IDIAN.--
Community Development
Department
To:
From:
Re:
Jaycee,
Community Development Dept.
Meridian City Hall, Suite 102
33 E. Broadway Avenue
Meridian, Idaho 83642
MEMORANDUM
August 15, 2013
Jaycee Holman, City Clerk
Bruce Freckleton, Development Services Manager
Irrevocable Letter of Credit #IS0063286U — Spurwing Grove #6 Subdivision
Attached is the original Irrevocable Letter of Credit #IS0063286U, issued by Wells Fargo Bank on
behalf of their client, Brighton Development, Inc., as a guarantee of the completion of
development improvements in the Spurwing Grove #6 Subdivision. I have also included a copy
of the Surety Breakdown spreadsheet for this development.
Please let me know if you should have any questions,
Thank you,
W-44
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E IDIAN^
Community Development
Department
Community Development Dept.
Meridian City Hall, Suite 102
33 E. Broadway Avenue
Meridian, Idaho 83642
MEMORANDUM
January 3, 2014
To: Jaycee Holman, City Clerk
From: Bruce Freckleton, Development Services Manager
Re: Spurwing Grove Subdivision #6 — Release of Performance Surety
Jaycee,
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,
Br ce
E IDIAN
December 24, 2013
Mr. David Turnbull Brown Construction Inc.
Brighton Development Inc. P.O. Box 495
12601 W. Explorer Drive, Suite 200
Nampa, Idaho 83653-0495 Boise, Idaho 83713
RE: Spurwing Grove Subdivision #6 — Final Acceptance
Dear Mr. Turnbull:
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.
Sir Q ely,
Warren Stewart, P.E.
City Engineer
cc. City Clerk
PW - Water Division
PW - Wastewater Division
PW - Construction Division
File
DEQ
Public Works Department . 33 E Broadway Ave, Suite 200, Meridian, ID 83642
Phone 208-898-5500 . Fax 208-898-9551 0 www.meridiancity.org
, IDIAN .-
Community Development
Department
To:
From:
Re:
Jaycee,
Community Development Dept.
Meridian City Hall, Suite 102
33 E. Broadway Avenue
Meridian, Idaho 83642
MEMORANDUM
August 15, 2013
Jaycee Holman, City Clerk
Bruce Freckleton, Development Services Manager
Irrevocable Letter of Credit #IS0063286U — Spurwing Grove #6 Subdivision
Attached is the original Irrevocable Letter of Credit #IS0063286U, issued by Wells Fargo Bank on
behalf of their client, Brighton Development, Inc., as a guarantee of the completion of
development improvements in the Spurwing Grove #6 Subdivision. I have also included a copy
of the Surety Breakdown spreadsheet for this development.
Please let me know if you should have any questions,
Thank you,
Wells Fargo Bank, N.A.
U. S. Trade Services
Standby Letters of Credit
MAC A0195-212
One Front Street, 21st Floor
San Francisco, California 94111
Phone:1(800) 798-2815 Option 1
E-Mail: sftrade@wellsfargo.com
Irrevocable Standby Letter Of Credit
BENEFICIARY
CITY OF MERIDIAN PUBLIC WORKS
MERIDIAN CITY HALL
33 E. BROADWAY AVENUE, NO. 102
ATTN: BRUCE FRECKLETON
MERIDIAN, IDAHO 83642
LETTER OF CREDIT ISSUE AMOUNT
LADIES AND GENTLEMEN:
Number: IS0063286U
Issue Date: August 14, 2013
APPLICANT
BRIGHTON DEVELOPMENT, INC.
AN IDAHO CORPORATION
12601 W. EXPLORER DRIVE, SUITE 200
ATTN: BALKE ALDER
BOISE, IDAHO 83713
USD 134,748.25 EXPIRY DATE AUGUST 14, 2014
AT THE REQUEST AND FOR THE ACCOUNT OF THE ABOVE REFERENCED APPLICANT, WE HEREBY ISSUE OUR
IRREVOCABLE STANDBY LETTER OF CREDIT NO. IS0063286U IN YOUR FAVOR IN THE AMOUNT OF ONE
HUNDRED THIRTY FOUR THOUSAND SEVEN HUNDRED FORTY EIGHT AND 25/100 (US$134,748.25)
AVAILABLE WITH US AT OUR ABOVE OFFICE BY PAYMENT AGAINST PRESENTATION OF THE FOLLOWING
DOCUMENTS:
1. A DRAFT DRAWN ON US AT SIGHT AND MARKED "DRAWN UNDER WELLS FARGO BANK, N.A.
IRREVOCABLE STANDBY LETTER OF CREDIT NO. I50063286U."
2. THE ORIGINAL OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT AND ANY AMENDMENTS THERETO.
3. BENEFICIARY'S SIGNED AND DATED STATEMENT WORDED AS FOLLOWS:
"THE UNDERSIGNED, A DULY AUTHORIZED REPRESENTATIVE OF THE CITY OF MERIDIAN PUBLIC WORKS,
HEREBY CERTIFIES THAT THE AMOUNT OF THE ACCOMPANYING DRAFT DRAWN UNDER THE WELLS FARGO
BANK, N.A., IRREVOCABLE STANDBY LETTER OF CREDIT NO. IS0063286U REPRESENTS FUNDS DUE TO THE
CITY OF MERIDIAN PUBLIC WORKS DUE TO FAILURE OF BRIGHTON DEVELOPMENT INC., TO COMPLETE THE
WORK AS IS INCIDENTAL AND RELATED THERETO, IN ACCORDANCE WITH THE DRAWINGS AND
SPECIFICATIONS AS SUBMITTED TO AND APPROVED BY THE CITY OF MERIDIAN PUBLIC WORKS, IN THE
SPURWING GROVE NO, 6 SUBDIVISION."
IF ANY INSTRUCTIONS ACCOMPANYING A DRAWING UNDER THIS IRREVOCABLE STANDBY LETTER OF
CREDIT REQUEST THAT PAYMENT IS TO BE MADE BY TRANSFER TO AN ACCOUNT WITH US OR AT ANOTHER
BANK, WE AND/OR SUCH OTHER BANK MAY RELY ON AN ACCOUNT NUMBER SPECIFIED IN SUCH
INSTRUCTIONS AS THAT OF THE BENEFICIARY'S WITHOUT ANY FURTHER VALIDATION.
NOTWITHSTANDING ANY OTHER PROVISION OF THIS LETTER OF CREDIT, ANY DRAWING MAY ALSO BE
PRESENTED TO OUR OFFICE LOCATED AT WELLS FARGO BANK, IDAHO, L/C OPERATIONS, BOISE
fRAgr we'll go far
Each page of this document is an integral part Page 1 of 2
Of this Irrevocable Standby Letter of Credit Number IS0063286U
CENTER BUILDING, 3033 ELDER STREET, 1 ST FLOOR, BOISE, ID 83705, ATTN: LEATHA THAYER. IF THE
DOCUMENTS ARE PRESENTED TO THE IDAHO ADDRESS THE RECIPIENT OF SAID DOCUMENTS IS REQUIRED
TO FAX THE DRAWING DOCUMENTS TO 336-735-0952,
THIS IRREVOCABLE STANDBY LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF OUR UNDERTAKING
WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND SUCH UNDERTAKING SHALL NOT IN ANY WAY BE
MODIFIED, AMENDED OR AMPLIFIED BY REFERENCE TO ANY NOTE, DOCUMENT, INSTRUMENT OR
AGREEMENT REFERRED TO HEREIN OR IN WHICH THIS IRREVOCABLE STANDBY LETTER OF CREDIT RELATES
AND ANY SUCH REFERENCE SHALL NOT BE DEEMED TO BE INCORPORATED HEREIN BY REFERENCE TO ANY
NOTE, DOCUMENT, INSTRUMENT OR AGREEMENT,
THIS IRREVOCABLE STANDBY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE
FOR DOCUMENTARY CREDITS (2007 REVISION), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION
NO.600, AND ENGAGES US IN ACCORDANCE WITH THE TERMS THEREOF.
WE HEREBY ENGAGE WITH YOU THAT EACH DRAFT DRAWN AND PRESENTED TO US IN COMPLIANCE WITH
THE TERMS AND PROVISIONS OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY HONORED
BY PAYMENT TO YOU OF THE AMOUNT REQUESTED.
Very Truly Yours,
WELLS F O BANK, N.A.
By:
Authorized Sign tore
The original of the Letter of Credit contains an embossed seal over the Authorized Signature.
Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our
reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services
at either
One Front Street
MAC A0195-212,
San Francisco, CA 94111
Phone inquiries regarding this credit should
1-800-798-2815 Option 1
or 401 Linden Street
MAC D4004-017,
Winston-Salem, NC 27101
be directed to our Standby Customer Connection Professionals
(Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT)
Each page of this multipage document is an integral pan Page 2 of 2
of this Irrevocable Standby Letter of Credit Number IS0063286U
1-800-776-3862 Option 2
(Hours of Operation: 8:00 a.m. EST to 5:30 p.m. EST)
Together we'll go far
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