S 4-85 POOR QUALITY RECORD
PLEASE NOTE: The original paper record has been archived and
put on microfilm. The following document is a copy of the
microfilm record converted back to digital. If you have questions
please contact City of Tigard Records Department.
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McCrieght/ B1zer Homes S 4-85 4_',
10 Acres West of Shadow 2S1 1OBD 900
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a I LPJN;LLA ;;NJA �1kMSUMMARY„. �,:
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''4• AGENDA Or: /~ .
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DATE SUBMITTED: 1-7.,'—:Si--83G-'- PREVIOUS ACTION:; Acce ted Comp1 fiance ,
Aar reement & Letter of Cred i,t• (E3on _ & _ ),, ..
'„„' IB9Il1E/A(,ENDA TITLE: Resolution•-- permitted periodic releF les of funds as
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1; workogresses ,�,r�" " ,.
>-; Shadow Hills I -Improvements PREPARED BY: ��, Hagman '''
acceptance”with conditions __.4N__ _.a REQUESTED) BY Communit eve1op, Dlpt,w.
1'0 E.PAK•tMEWT HEAD OK, � : 1 , ” ..` Orr'e, ADMINISTRATOR NNw__�..w« . _«__h...� N»LN . •' 1 ;
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_,, 1, The subdivision known as Shadow Hills II is located •north of SW 'lull Mt, ' ,Y,.
„��tf,,:ig' , Road and, generally, west of �8W Pack f�i c Highway ,,
1
2, Construction '' has progressed satisfactorily and, as a result, periodic
;1., releases of performance bond monies have been permitted; staff hereby {;`�;
certifies that the subdivision is now ready for conditional acceptance, „”
,';' 3 . Thc{ developer has now requested tentative acceptance, by the City, of the . .,r;.
public improvements . He has, stated that it is his d esire to ma`Ilntain the ,,.
'': existing "performance bond" on record, in lieu of submitting a separate i'.,
maintenance bond, to a sure Completion of installation of the sidewalks ha,
and the street overlay and to assure maintenance of the project throughout t,::/:..;
the required one year guarantee period, ,';~
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� ' ALTERNATIVE S CONSIDER D �
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Pass the resolution titled "PE8OLUTION O THki ixCARh) CY:TY COUNCIL ACCT PTINo
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; THfw PUBLIC IMPRoVE.MttNT CoN8TRUCTED WITHIN I-►HAC)c)W HILLS II SUL3C)IV! ION
:._, �f1j3JECT TO 8PE. IEIED CQNDITI N8," �4�
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`� � CTTY or 1TG R a; OREGON ,�'�.:.,`
t�re:aO1,.0 I I ON NO G r ', ,
RE OLUTION OF THE TIGARED CITY COUNCIL ACCEPTING THE PUBLIC IMPROVEMENT , .•
rt CONSTRUCTED WITH SHADOW HILLS II SUBDIVISION, 'SUBJECT TO SPECIFIED CONDITIONS. ,
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"" WHEREAS, the City of Tigard Subdivision Ordinance requires subdividers to
', install, streets, sidewalks, street lights, curbs, storm sewers, sanitary �' ,'�.
, sewers, underground utilities and other public facilities for the development ? ;,
,` of subdivisions; and !i'
WHEREAS, tItc City (dais required the! payment of Pees and the execution of a
�'.0 ;4 Compliance Agreement which stipulates that: i'
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:.'-'.f,:'..'!, "Upon receipt of certification by the Department of Public Works
ghat all rt and a Or.�e Year M !n't�?nance Bod ed t� e C'l.� , subj eC.t. � i y tNtie Earal",hay irrnr�rr uern�nts ;'
to the requirement For correction of deficiencies and maintenance
'r `� for a period of one year, , , ; ald
WHEREAS, said Certification has now been received, subject to correction of
•
;,, herei,nbelow listed deficiencies; and ,,
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i WHEREAS, the developer has expressed a desire to keep the $b79 balance of
. . ; .• l the existing Letter of Credit (bond) in effect throughout the required one
..s. year maintenance period in lieu of submitting a separate assurance bond;
'.4r,•:1 '': NOW, THEREFORE, BE Ti" RESOLVED by the Tigard City Council that:
,' The Council accepts the public improvements constructed ,within Shadow Hills II !
'
Subdivision, said, subdivision being recorded in Book 55 on Page Z8 & 29 in
Washington County, Oregon, Plat Records, subject to
.'E.: 1, Xnstai lat .on of the final lift of asphaltic concrete strut
""i surfae;ing
:,- 2, Installation of all sidewalks, driveway aprons and wheelcha:*, _:
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ramps.
3 , Continuation of the (balance of) Letter of Credit funds; to
'� :'�:' of the above items and maintenance. ,�
!. � � assure completion !
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AND FURTHER, subject to the conditions of obligation of the one year
maintenance guarantee requirement,
�.' PASSED: This day of ,_,»... .. ��w..r 1.085,
,
,..' '' Mayor — City of Tigard
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Depu{;y Citli Recorder - City- o F i°'igaar d
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COUNrn AGENDA .ITEM SUMMARY
AGENDA .r•«iX _ AGENDA ITEM . I «
r:,, DATE SUBMITTED: 1 2-?o-85 ,,,...__ PREVIOUS ACTION: Acr ed Project r _
;ISSUE/AGENDA/AGENDA "1TL hadowwHills II Conpliarce Agreement , performanc B9nd w `'
! �Lett r of Conmi tm rt�Parti al Bond PREPARED BY: ~� i r Orin~ Section or; "wH
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;, r E���.�as� Resvluti,r��� REQUESTED L3Y; jr.?, t•I�`✓ry�nnn
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DEPARTMENT HEAD Ok: CITY ADMINISTRATOR:; •
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, : NFORMA Tc)N SUMMARY
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The project is located north of SW Bull, Mt, Road and generally, west of
..' ',.' SW Pacific H ghh ay,
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'.'. 2, Construction has progressed satisfactorily and, subsequently, the ,
, ;'
developer Blazer Nome; Inc, has requested release of installation ati.on '
guarantee monies for that portion of the or which is complete. ,
3, Staff has reviewed the raqu4.Ast and hereby recommends that the Council
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authorize �el.r;+fase of the amount(s) detailed l ed in the attached l°he�d sumrn y, >
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;s,' , ALII:RI�fAT IV S CONSIDERED
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, �+ SUC 2t9Tt�4l) ACTION
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#; Authorize •Lh► Mayor and City Recorder to execute a letter ,n behalf of the
City, providaing for a' partial, relea,$o of installation guarantee 'monies for"
;�.:r ' Shadow Ri,l l tT, a,r1 the amount of five thousand five hundred tii my dollars
($5,520:f(iO) ,
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''''.:::, WHEREAS, the City of Tigard, Oregon, has executed a Compliance Agreement for ,,
..i,.; development of a subdivision known as Shadow Hills II Subdivision and has .1
accepted a Performance Bond in the form of a Letter of Commitment, (copy ',,
......,,,, attached hereto as Exhibit "A"), to assure completion of instal".6ation of
':::, certain public improvements therein; and, .,
WHEREAS, :laid documents provide for the City Council to authorize partial or ..*,.:
full release of commitment monies upon satisfactory completion of
installation of said improvements; and ,
WHEREAS, the Council deems that a partial release of said monies is warratrite.d •
, at this time in accord with the attached "Summary" denoted Exhibit "0" , .,
NOW, THEREFORE, BE IT RESOLVED by Uhe Tigard City Council that: :
The City Council authorizes the Mayor and City Recorder to execute a letter -
,::','.. providing for partial release of Commitment Monies, previously set aside for ..
4.
Shadow Hills II Subdivision, in the sum of $5,520,00, , .
Mayor - City of Tigard
Deputy City Recorder - City of Tigard .
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LETTER O COMMITMENT
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' z'; We have received from _csiuurjhia_F_p_dexaj__aazzjja4s_jaaztk_ (lending institution) . .,
a loan commitment in the amount of $ 630,000.00 - , to finance the improvements .
of a subdivision located in the City of Tigard, said Subdivision being commonly ),f.
known asShadow Iii3.3 s 11 . This loan commitment is specifically for con- .
. .,
struction purpc7s-e-sc,-.75—Fizz.....4.3.5„.4 of the aforsaid total
commitment has been allocated for construction purposes for: (strike preceeding ,
inapplicable part) li$ public streets, incluaing driveways, aprons, sidewalks, :.
-
lighting and curbs 3anitary and storm sewers 3) domestic water 4) under- -
ground cciephone and power 4) gas 5)xypomeopocg. All such improvements are '
.,
,;. '
-''' to be completed in conformity with City approved construction plans and the sub- ..',
division compliance agreement thereinregard. .
,
,
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1,1 We have agreed that disbursements of the $18143 .tp
1 De made in accord with the ,.
•,. :., following schedule upon completion of each, or all, item(0; but not including the ,
r'
, hold-back described below.
ITEM AMOUNT .
..
_ __
,
' ...
Site Preparation/Grading 20t275. 00 .
. i,
Concrete Curb 9613,1„00 ...
Str!ect (base rock, leveling rock, base A.C. ) 24 (360. 00 .
,
Sanitary Sewer & appurtances 41,596.00 ,
• Storm Sewer & appartances 25 065.00 ('
:
Water Line &' appurtances 19 i, ]1,.,,Lp,__Q____
' -..,. ,
Gas Line 6 appurtances Nog/map_
, ,
. Underground Telephone & Electrical 3,000. 00'
__ __ _______
i
•, -, Concrete Sidewalk & Driveway Aprons 22000.00 ,
Asphalt (street overlay) .____.....L.- 4 _ '
Street Lighting _ _9_Q_0,00 ,
, :':-1, • .............
Miscellaneous (pathways landscaping, .
None
mailbox clusters, etc.) ,
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We have entered into a "Subdivision Compliance Agreement" whereby we have
.
.., :,. agreed to install all improvemnts e in accordance with the requirements of the ,
4, City oE Tigard and we are hereby authorizing you to hold the above-stated funds ,
,, .• to pay them to us only when the following has been adhered to:
1.P
That the City of Tigard has provided certification .
ack:aowlE.dging completion of any ot: all work pursuant .
to the above it,-Imized schedule of,: improvements.
! .,.., L
Pursuant to the aboVe schedule, 20% of the commitment funds (i.e. , $1.6.4.242.al
will be held back through the normal one year guarantee period or Until final
City Acceptance of the project takes place or until the City is provided with ,
a Separate maintenance bond, effectiVe fOr said one year period from the date
.. :- of Council, tentative acceptance of the worko to asaUre continued freedom from
. , defects, and maintenanceo during the guarantee period.
4 4 4
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• . '' ' '' ' . 'a t'+ 1' ' '' '0 ''' "Zit' ' g■' ,..' ■ ''',14' '..''''h i...'''''., ' Ili''''* `',,::$'IY,,,...,'.,*
.
Concurrent with the final relea 'e of these funds, establishment proceedings will f :
be instituted.
"‘. ; It is understood and approved by all partLes of concern to this letter of c,ommitment ,
."'. that the City of Tigard shall have first tlaim and priority to the sum ofi Ir,12143..J___1_,_ 1,00 1,..•-.
, , less disbursements approved by the City of .:"iiard, in the event of any defact(,71or
failure(s) to correct sue% in the construction of the required improvements.
It is further understood and 4greed that the aforsaid priority of ciaim it, , ,,,
. / paramount to all parties including the lending institution making the loal and . i,.1.,
i,v that the lending institution.has .cavenanted and agreed that the sum of $7,1114.435.90 ,;
. .., less disbursemnts approved bythe City of Tigard shall be held available to '':,'
borrowing party or termination of loan by" Idnditg institution.
DATE: /—I q— g5 . Since,..ly yours, '..,,
. , . Z--' ' :' —4
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Approved and Accepted:
•
BY: Ar . (Attach notary information and
\ ,.
, ' ,' STATE OF WASHINGTON
} ss,
Co utty of Chelan )
lk;k1 On this 19 — _day of illiv
, 19_,85 before me personally appeared ;,,
Columbia Federal SaVirsgs Bank ,
it
the corporaticn that executed the within and foregoing instrument, and acknowledged the said instrument to be
the free and voluntary acts arid deed of said corporation, for the uses and purposes therein mentioned, and on
; ":%•" oath stated that they were authorized to execute said instrument, and that the seal affilted is the corporate seal ,
. '1, of said corporation;
IN WITNESS WHEI1E011, I have hereunto set my hand a - affixed my official seal , ) '..
. the day and year first above writn,
:,.;:' at qt ,
,', .=. Drotary Public in and foitre State of Washington,residing e,
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SUMMARY ,�
RE: Shadow Hills T,I. Subdivision; Performance Bond Reduction Request #3 . ,,.'
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h .iri Li 1ER OF CREDIT (BOND) REQUIRED HOLDBACK RELEASABLE
y, ITEM AMOUNT MAINTENANCE* INCOMPLETE E EM COMPLETE ITEM
Site Prop/Grading $2.0,275 $ 4,01:5.,. .
.a:
Co n c (.,;l.l r'U $ 9,680 $ 1,936 $ s e
X1;4.
1 treet $24,360 $ 4,872 $ $
'.,t;: San, Sower $41,,596 `i 8,319
•',; Storm Sewer $25,065 $ i ,013 $ $ ;; `'.
Water Line $19,919 $ 3,984 $ $ r �=
'''',: Bola Line $N C $ _w $ $ ;,
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H U,G,Te7./El,e�wt, $ 3,000 $ 600 $ $ 1.1.
, W&1ku/ApArons $22,0010 $ 4,400 $17,600 .4, r..<<..
o, A,C. Overlay 4S rf'�r
;<` .- Lighting $ 6,000 $ 1,380 $ $5,520 •
` $ \,
r Misc, $1W $ f'�
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,ii TOTALS $1.81,43 a $36,287 $24,F,112 $5,520
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Blazer Homes, Inc,
',..:" :'., P.O. Box Z3332 $
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'fLa- Tigard, OR 97223 ,,..
Attn: Mr. Dennis Derby 't
,.• 4' ' ':t RE: Shadow Hills 1I Subdivtsion (Letter of Commitment Partial Re)ease)
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4.1 Dear Mr, Derby :
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In the matter of the One hundred eighty one thousand, four hundred thirty fivo
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dollars ($181,435,00) Letter of Commitment, between Columbia Federal Savings
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e City of Tigard, Oregon d Blazer, Inc, ; this is to servo as
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official notice to allow said Columbia Federal. Savings Bank to release to 6„
Blazer Homes, Inc. a portion of Ole deposit entrusted to said Columbia Federal
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Savings Bank, .,
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The amount hereby authorized to be released is Five thousand five hundred ..
tweny ars t doll ($5,520,00) . , ..
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,.;•.. •..i...: The amount to remain entrusted to Columbia rederal Savings Bank as oi
..';:.. '., performAce bond to assure the City that all remaining requirements of said . .
Subdivill;on are completed, shall be sixty thousand seven hundred ninety nine
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dollars ($60,799,00) ,
This notice shall not be construed to nullify or alter the terms of the
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aforesaid Letter of Commitment in any way; it is merely an authorization to
a portion of the entrusted monies. ....,,
City Of Tigard, Oregon
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A!';..;..... By:
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Mayor 1 :
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City Recorder
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