HomeMy WebLinkAboutSUB202000203 Correspondence 2020-11-09 (2)COUNTY OF ALBEMARLE
Department of Community Development
401 McIntire Road
Charlottesville, Virginia 22902
17 June 2019
David Mitchell
Fair Hill Farm, LLC
PO Box 5526
Charlottesville, VA 22905
davidna,southem-classie.com
Re: Bond reduction request for Fairhill Estates — SUB201500210
Thank you for the documentation regarding completion of the Fairhill Estates roads. This bond is
currently at $154,340,00, with an original amount of $546,400.00. The Bond can now be reduced to
$109,290 (the 201/o minimum), The total bond can be released upon the road's acceptance into the state
system, which will first require the roads to service three residences, and installation of the remaining
signage.
Please contact me if you have questions.
Sincerely,
Matt Wentland, PE
Civil Engineer Il
Copy: Ana Kilmer, File
COUNTY OF ALBEMARLE
Department of Community Development
401 McIntire Road, North Wing
Charlottesville, Virginia 22902-4596
Phone (434) 296-5832 Fax (434) 972-4126
June 24, 2019
Lilian E. Yavi
United Bank
14048 Parkeast Circle, Suite 100
Chantilly, VA 20151
Re: Fairhill Estates
Subdivision / Road Performance Bond - $154,340
United Bank Letter of Credit Number 2005303-44
Dear Ms. Yavi:
Based upon the most recent inspection and receipt of adequate documents supporting a request for
partial reduction, United Bank Letter of Credit Number 2005303-44 may be reduced to a new
amount of $109,290. By copy of this letter, I am notifying Fair Hill Farm, LLC of this reduction.
Please contact Ana D. Kilmer (434-296-5832, ext. 3246) if you should have any questions
concerning this bond reduction.
Sincerely,
64,J� L'
Lisa L. Breeden
Chief of Financial Management
Department of Finance
ADK/
Copy: Fair Hill Farm, LLC
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Irrevocable Letter of Credit Number 2005303-44
Amendment No. 1
February 27, 2020
County of Albemarle
c/o Department of Community Development
Albemarle County Office Building
401 McIntire Road, North Wing
Charlottesville, VA 22902-4596
RE: Letter of Credit Number: 2005303-44
Fairhill Estates
Subdivision/Road Performance Bond
Fair Hill Farm, LLC
Gentlemen:
The above referenced Letter of Credit is hereby amended as follows:
The Amount available for draft is reduced to ONE HUNDRED NINE THOUSAND TWO HUNDRED NINETY
AND 00/100 US DOLLARS ($109,290.00). l
All other terms and conditions of Irrevocable Letter of Credit No. 200533-44 remain unchanged.
This Amendment is to be considered part of the above -mentioned original Letter of Credit and
must be attached thereto.
Sincerely,
United Bank /
bert M. riders
Assistant Vice President
United Bank
ACKNOWLEDGEMENT
STATE OF WEST VIRGINIA
COUNTY OF KANAWHA
The foregoing instrument was acknowledged before me this.2ay of February, 2020, by Robert
M. Anderson, Assistant Vice President of United Bank.
47 JdOTAR
BLI My commission expires �Z_3f
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OFFICIAL SEAL
NOTARY PUBLIC
STATE OF WEST VIRGINIA
SHERRY S. MCBRAYER
UNi7EO BANK
1200 GROSSCUP AVENUE
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