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December 13, 2022 Max Root, Development Assistant Stafford Development Co. 8840 SW Holly Lane Wilsonville, OR 97070 RE: Smith Creek Phase 2A Subdivision Final Plat (City FSUB 21-01 / Marion County “Smith Creek P.U.D. No. Release of Bond for Private Common Area Tract Improvements Dear Mr. Root: This is the bond release letter for a construction performance bond for Smith Creek Development Phase 2A (plat “Smith Creek P.U.D. No. open space shelter and amenities, specifically on private common area tracts, which are all tracts except City/public Tract AA (551 Stubb Rd). Following site inspection by the Associate Planner on December 8, 2022, the Planning Division releases the bond titled “Subdivision/Site Plan Performance Bond” and is Capitol Indemnity Corp. Bond No. 60127240 for “Smith Creek Phase 2A Open Space Improvements”. Land use final order Exhibit C-4 excerpt ---PAGE BREAK--- Bond Release Letter for Private Common Area Improvements 12/13/2022 – Smith Creek Phase 2A – FSUB 21-01 Page 2 of 2 This letter does not release other bonds, if any, including those related to public works and those that other departments manage including the Public Works Department. Please contact me at (503) 980-2485 or [EMAIL REDACTED] with questions. Sincerely, Colin Cortes, AICP, CNU-A Senior Planner cc: Chris Kerr, Community Development Director Cassandra Martinez, Administrative Specialist, Community Development Dept. Melissa Gitt, Building Official Alyssa Nichols, Permit Technician Dago Garcia, P.E., City Engineer Enclosures 1. Bond company paperwork (2 pages) 2. Plat Smith Creek P.U.D. No. 4 Sheet 1 file(s): FSUB 21-01 Smith Creek Development Phase 2A “Smith Creek P.U.D. No. 4” ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK---