HomeMy WebLinkAboutBond Amount Letter_Cedars No. 5 (2)
May 29, 2026
Cory Lockwood
Trilogy Development
9839 W. Cable Car St. Suite 101
Boise ID 83709
RE: Performance Bond for Cedars Subdivision No. 5
Mr. Lockwood,
Below is the bond amount for Cedars Subdivision No. 5 calculated as outlined in City Code
section 10-03-17. As stated in City Code Section 10-03-17 (3) financial guarantees may be in the
form of cash/check deposited, cashier’s check, or surety bond and held by the City until final
completion of the development.
Cedars Subdivision Phase 5
Project Item % Complete Bid Amount Bonding Amount
Landscape (Buffers and
Common Area)
0% 424,209 636,313.5
Fencing 0% 106,044.35 159,066.53
Amenities 0% 31,964 47,946
Sub-Total 562,217.35 843,326.03
Financial Guarantee
Amount
150% of Total Bid
Amount
$ 843,326.03
This application has a fee of $335.00. This fee shall not be included in the bond and shall be paid
separately.
If you have any questions, please feel free to contact me.
Garline Davis
Planner I
205 S 6th Avenue, Caldwell, ID 83605
P: (208) 455-4604
gdavis@cityofcaldwell.org