11-798 Performance Surety AmountCITY OF MERIDIAN RESOLUTION NO. ~~' 7
BY THE CITY COUNCIL: BIRD, HOAGLUN, ROUNTREE, ZAREMBA
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE CITY OF
MERIDIAN, IDAHO, ESTABLISHING THE AMOUNT OF THE PERFORMANCE
SURETY FOR ALL IMPROVEMENTS RELATED TO PUBLIC
INFRASTRUCTURE OR LIFE SAFETY.
WHEREAS, all improvements related to public infrastructure or life safety such as,
but not limited to water service infrastructure, sanitary sewer infrastructure, reclaimed
water infrastructure, stormwater infrastructure, and/or fire sprinkler systems shall be
completed prior to occupancy of the structures within the City of Meridian;
WHEREAS, where approved by the Meridian City Engineer, an owner may post a
performance surety for such improvements in order to obtain City Engineer signature on
the final plat;
WHEREAS, the amount of the performance surety for all improvements related to
public infrastructure or life safety shall be equal to one hundred and twenty five percent
(125%) of the cost of completing the required improvements.
WHEREAS, the estimated cost shall be provided by the applicant and reviewed
and approved by the City Engineer.
WHEREAS, all other non-life safety improvements, such as, but not limited to,
fencing or landscaping also require that they be completed prior to occupancy of the
structures within the City of Meridian;
WHEREAS, where approved by the Meridian City Engineer and/or Director, an
owner may post a performance surety for other non-life safety improvements in order to
obtain the City Engineer's signature on the final plat;
WHEREAS, the amount of the performance surety for other non-life safety
improvements shall be equal to not less than one hundred and ten percent (110%) of the
cost of completing the required improvements.
RESOLUTION SETTING PERFORMANCE SURETY AMOUNT PacE 1 of 2
WHEREAS, in addition to the performance surety, all such improvements related
to public infrastructure of life safety shall also be subject to a warranty surety in the amount
of twenty percent (20%) of the cost of improvements for a period of two (2) years.
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF MERIDIAN, IDAHO:
Section 1. The City Council of the City of Meridian hereby establishes the amount
of the performance surety bond for all improvements related to public infrastructure or life
safety in the amount equal to one hundred and twenty five percent (125%) of the cost of
completing the required improvements.
Section 2. The City Council of the City of Meridian hereby establishes the amount
of the performance surety bond for all other improvements that are non-life safety in the
amount equal to not less than one hundred and ten percent (110%) of the cost of
completing the required improvements.
Section 3. In addition to the performance surety, all such improvements related to
public infrastructure of life safety shall also be subject to a warranty surety in the amount
of twenty percent (20%) of the cost of improvements for a period of two (2) years.
ADOPTED by the City Council of the City of Meridian, Idaho, this ~ day of
2011.
APPROVED by the Mayor of the City of Meridian, Idaho, this~~y of
2011.
APPROVED:
ATTEST:
By:
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RESOLUTION SETTING PERFORMANCE
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