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HomeMy WebLinkAboutRelease - T31676 - Cornishe of BighornCITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: RELEASE SECURITY FOR TRACT 31676, CORNISHE SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works APPLICANTS: RLI Insurance Company PO Box 3967 Peoria, IL 61612 Cornishe of Bighorn, LLC c/o Barrel Ten Quarter Circle Land Company, Inc. PO Box 789 Ceres, CA 95307 BOND NUMBER: CMS 251563 DATE: February 11, 2016 CONTENTS: Agreement and Bonds Vicinity Map Recommendation By Minute Motion, release security for tract. Background The subject property is located behind the gates of Canyons at Bighorn west of Indian Cove on the south city limit. At the time of grading permit issuance, a faithful performance bond in the amount of $54,940 and a Labor and Materials bond in the amount of $27,470 were submitted for onsite grading. All grading has been completed. Staff recommends that City Council authorize the release of the faithful performance and labor and materials bonds for Cornishe. Staff Report Release Security for Tract 31676, Cornishe Page 2 of 2 February 11, 2016 Fiscal Analysis There is no fiscal impact associated with this action. Prepared By: 6UVA--:�) Christina Canales, Assistant Engineer Paul S. Gibson, Director of Finance Approval: J n M. Wohlmuth, City Manager V Depa a ad: G Mark G(eebwood, P.E.,` Directoi I Public Works KNOW ALL MEN BY THESE PRESENTS: That we, Comhfie of Bighorn, LLC and RLI Insurance Company laws of the State of Illinois as Surety, are held and firmly bound into City of Palm Desert BOND NO. CMS 261583 $ 330.00 Premium GRADING PERMIT PERFORMANCE BOND , as Principal, a corporation organized and doing business under and by virtue of the and duly licensed to conduct a general surety business in the State of California as Obligee, in the sum of Fifty Four Thousand Nine Hundred Forty ($ 54,940.00 ) Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT. WHEREAS, the above named Principal, asp condition of the fili�r� of the °raai°9 Permit map of (Tract/Parcel) el) Map No.31t)7t) Cornishe at Bighorn (Roug Grading i, Street Perm Fees) Indian Cove, Palm Desert, said Permit 92g60 en into . with said Obligee to complete the improvements specified in said Permit NOW THEREFOR$ the condition of this obligation is such, that if the above Principal shall well and truly perform fle —it improvements: during the original tent thereof or of any extension of said tern that may be granted by the Obligee with or without notice to the Surety, this obligation shall be void, otherwise it shall remain in hill force and effect. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and suested by its duly authorized Attorney -in -Fact at Rancho Cordova California, this 16th "PRINCIPAL" day of November "SURETY" 2012 vem Comishe of t LC RLI Insurance any+ By: BY: Y Fre T Franzi , Manager Attorney -in -Fact t3-1206 (CA) (iEV.1101) ACKNOWLEDGMENT State of California County of Sacramento 11/15/12 Tina S. Salas Notary Public On before me, � rY (insert name and title of the officer) personally appeared David Weise , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/herttheir signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. TINA S. SALAS cones. a1eiza NOTARY PUBLIC •F�/J�4Amp JAM 2013 Sign wA-,, (Seal) FIRCrSACRAMENTO ' ACKNOWLEDGMENT State of California County of Si7a.Y, i s.l^4A..S On before me, � A ,&%g 111Dbnw, fo wb ,` (insert name and tille of the officer) personally appeared 3Jti•t.� "��` who proved to me on the basis of satisfactory evidence to be the person{-*) whose name(e) is/am subscribed to the within instrument and acknowledged to me that he/sba►iWy executed the same in his/hoWAsir authorized capacity(i%), and that by his/hodUwir signature¢-*) on the instrument the person(, or the entity upon behalf of which the person(,q) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 0080"F'V- 110T WITNESS my hand and official seal. ftwomb MCity r Signaturetft)""a . (Seal) BOND NO. CMS 251563 PREMIUM INCLUDED IN PERFORMANCE BOND. GRADING PERMIT LABOR AND MATERIAL BOND KNOW ALL MEN BY THESE PRESENTS: That we Comishe of Bighorn, LLC , as Principal, and RL� Insurance company , a corporation organized and doing business under and by virtue of the laws of the State of Illinois and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto City of Palm Desert as Obligee, in the sum of Twenty Seven Thousand Four Hundred Seventy fS zf,4iu.uu 1 Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT. WHEREAS, the above named Principal, has ,applied for Grading Permit (s) which are made a part of this bond, with the City of Palm Desert as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No. 31676 Comishe at Bighom- Indian Cove, Palen Desert, CA 92280 , as required by the Government Code of California. (Rough craning ana street Permit Fees) NOW THEREFORE, the condition of this obligation is such, that if the above Principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or famishing labor and materials to them for the improvement required by said Permit , the Surety on this bond will pay the same, in an amount not exceeding the sum specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or famishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Rancho Cordova California, this 15th day of November "PRINCIPAL" Comishe of Big , LLC By: Fre Tt Frani a, Manager IatssstcnitRev irotl "SURETY" RLI Insurance Com y BY: �vld watse, 2012 Yana V Attorney -in -Fact State of California County of Sacramento On 11/15/12 ACKNOWLEDGMENT before me, Tina S. Salas, Notary Public (insert name and title of the officer) personally appeared David Weise who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. TINA S. SALAS COMM 01829728 NOTARY /U M • CAUFORNIA SACRAMENTO COUNTY Comm- Ex JAN 6, 2013 T))) Signa (Seal) ACKNOWLEDGMENT State of California County of On �k 2n a _ before me;&�� (insert name and title of the offic i*) personally appeared J 'l 1-4--- , who proved to me on the basis of satisfactory evidence to be the person( whose namdK is/am subscribed to the within instrument and acknowledged to me that he/soy executed the same in his/hea4' & authorized capacity(il"), and that by his/heF&eipsignature(s) on the instrument the person. or the entity upon behalf of which the persons acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature k4mtk�cz - (Seal) IANIMILFAM Comnaton 1191494 NloWy Prblk `CaN OM14 sowsk" Cady Comm. Exok�s Dec N0 2014 RLI Surety RL1 P.O. Box 3967 1 Poona, IL 61612-3967 Phone:(800)645-2402 1 Fix.(309)689-2036 www.rlicorp.com Know AU Men by These Presents: POWER OF ATTORNEY RLI Insurance Company That this Power of Attorney is not valid or in effect unless attached to the bond which it authorizes executed, but may be detached by the approving officer if desired. That RLI Insurance Company, an Illinois corporation, does hereby make, constitute and appoint: David Weise. Nicki Moon. iointly or severally in the City of Rancho Cordova , State of California its true and lawful Agent and Attorney in Fact, with full power and authority hereby conferred, to sign, execute, acknowledge and deliver for and on its behalf as Surety, the following described bond. Any and all bonds provided the bond penalty does not exceed Twenty Five Million Dollars ($25,000,000.00). The acknowledgment and execution of such bond by the said Attorney in Fact shall be as binding upon this Company as if such bond had been executed and acknowledged by the regularly elected officers of this Company. The RLI Insurance Company further certifies that the following is a true and exact copy of the Resolution adopted by the Board of Directors of RLI Insurance Company, and now in force to -wit: "All bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation shall be executed in the corporate name of the Company by the President, Secretary, any Assistant Secretary, Treasurer, or any Vice President, or by such other officers as the Board of Directors may authorize. The President, any Vice President, Secretary, any Assistant Secretary, or the Treasurer may appoint Attorneys in Fact or Agents who shall have authority to issue bonds, policies or undertakings in the name of the Company, The corporate seal is not necessary for the validity of any bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation. The signature of any such officer and the corporate seal may be printed by facsimile." IN WITNESS WHEREOF, the RLI Insurance Company has caused these presents to be executed by its Vice President with its corporate seal affixed this 24th day of March 2011 ;ncE.... . `;`moo, oyq,. v CORPORA;-, SEAL. State of Illinois ) �.'���,(,N,0�5",,` } SS County of Peoria On this 24th day of March 2011 , before me, a Notary Public, personally appeared Roy C. Die , who being by me duly sworn, acknowledged that he signed the above Power of Attorney as the aforesaid officer of the RLI Insurance Company and acknowledged said instrument to be the voluntary act and deed of said corporation. By: �A. Cherie L. Montgomery RLI Insurance Company By: �' �.� -+ Roy C. Di Vice President CERTIFICATE 1, the undersigned officer of RLI Insurance Company, a stock corporation of the State of Illinois, do hereby certify that the attached Power of Attorney is in full force and effect and is irrevocable, and fiuthermore, that the Resolution of the Company as set forth in the Power of Attorney, is now in force. In testimony whereof, I have here untoQ et my han eal RLI Insurance Company this IS &y of Notary Public RLI Insurance Company .................. swLl.4 "OFFICIAL SEAL" 'Pt" F CHERIE L MOWGOMERY By: �+ cOMMUOa exwtEs 02/0 I Roy C. Di Vice President n4362100mi M A0058707 Company Profile Page I of 2 Company Profile RLI INSURANCE COMPANY 9025 N LINDBERGH DR PEORIA, IL 61615 800-331-4929 Former Names for Company Old Name: UNITED FOUNDERS NAT'L INS CO Effective Date: 10-19-1973 Agent for Service of Process LISA SIRMAN, 801 S. FIGUEROA STREET SUITE 200 LOS ANGELES, CA 90017 Unable to locate the Aeent for Service of Process? Reference Information NAIC #: NAIC Group #: California Company I #: Date authorized in California: License Status: Company Type: State of Domicile: 13056 0783 2027-1 December 09, 1970 UNLIMITED -NORMAL Property & Casualty ILLINOIS Lines of Insurance Authorized to Transact The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the elossarv. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY httn•//intPrartivP wPh inmranrP ra onv/wAncPr/irlh rn nrnf ntl 0yet c•n nrnf2n Fli)=5765 12/13/2012 GRADING ONLY AGREEMENT DATE OF AGREEMENT: , pg.�,rr,ls,t�v 5 , 20 11. NAME OF OWNER/DEVELOPER Cornishe of Bighorn, LLC (referred to.as "GRADER"). PROPERTY (MAP AND PARCEL NO.): 31676 No. of Lots: 4 (referred to as "PROPERTY"). GRADING PLANS APPROVED ON: (referred to as "GRADING PLANS"). ESTIMATED TOTAL COST OF GRADING:$ 219, 000 SURETY: BOND NOS: CMS 251563 SURETY: ' RLI Insurance Companv -OR- IRREVOCABLE STAND-BY LETTER OF CREDIT NO. FINANCIAL INSTITUTION: -OR- CASH/CERTIFICATE OF DEPOSIT, AGREEMENT DATED: FINANCIAL INSTITUTION: This Agreement is -made and entered into by and between the City of Palm Desert, a municipal corporation of the State of California, hereinafter referred to as "CITY", and the GRADER. RECITALS A. In consideration of the approval of the Grading Plans for the PROPERTY by the City. Council, GRADER desires to enter into this Agreement, whereby GRADER promises to complete, at GRADER's own expense, all the grading work required by CITY in connection with the proposed PROPERTY. GRADER has secured this Agreement by grading security required by the City and approved by the City Attorney. RM?"VCM760 -1- C:\Documents and Settings\Robert.flargreeves\My Documents\PALM DHSSRT - Grading Agreement.doc B. GRADING PLANS for the grading of the PROPERTY have been prepared by GRADER and approved by the City Engineer. The GRADING PLANS numbered as referenced previously in this Agreement are on file in the Office of the City Engineer and are incorporated into this Agreement by this reference. All references in this Agreement to the GRADING PLANS shall include reference to any specifications for the improvements as approved by the City Engineer. C. An estimate of the cost for grading and performing land development work in connection with the grading according to the GRADING PLANS has been made and has been approved by the City Engineer. The estimated amount is stated on Page 1 of this Agreement. The basis for the estimate is attached as Exhibit "A" to this Agreement. D. CITY has adopted standards for the grading of property within the CITY. The GRADING PLANS have been prepared in conformance with CITY standards in effect on the date of the approval. E. GRADER recognizes that CITY and adjacent properties may be damaged by GRADER's failure to perform its obligations to complete approved grading by the time established in this Agreement. CITY shall be entitled to all remedies available to it pursuant to this Agreement and law in the event of a default by GRADER. NOW, THEREFORE, in consideration of the approval by the City of the GRADING PLANS, GRADER and CITY agree as follows: (1) GRADER's Obliqation to Complete Gradinq. GRADER shall: R.MPMVM760 _ 2 _ C:\Documents and Settings\Aobert.Hargreaves\My Documents\PALM DESERT - Grading Agreement.doc (a) Complete at GRADER's own expense, all the grading required by the Approval in conformance with approved GRADING PLANS within one year from date of execution of this Agreement; provided however, that the grading shall not be deemed to be completed until approved by City Engineer as provided in Section 4 herein. (2) Security. GRADER shall at all times guarantee GRADER's performance by furnishing to CITY, and maintaining, good and sufficient security as required by the CITY on forms approved by CITY for the purposes and in the amounts as follows: (a) to assure faithful performance of this Agreement in regard to said grading in an amount of 25% of the estimated cost of the grading. The securities required by this Agreement shall be kept on file with the City Clerk. The terms of the security documents referenced on page 1 of this Agreement are incorporated into this Agreement by this reference. If any security is replaced by another approved security, the replacement shall: 1) comply with all the requirements for security in this Agreement; 2) be provided to the City Engineer to be filed with the City Clerk and, upon filing, 3) shall be deemed to have been made a part of and incorporated into this Agreement. Upon provision of a replacement security with the City Engineer and filing of a replacement security with the City Clerk, the former security may be released. RWUBkVCM760 - 3 - C:\Documents and Settings\Robert.Hargreaves\My Documents\PALM DESERT - Grading Agreement doc (3) Alterations to GRADING PLANS. (a) Any changes, alterations or additions to the GRADING PLANS not exceeding ten percent (10%) of the original estimated cost of the improvements, which are mutually agreed upon by CITY and GRADER, shall not relieve the improvement security given for faithful performance of this Agreement. In the event such changes, alterations, or additions exceed 10% of the original estimated cost of the improvement, GRADER shall provide grading security for faithful performance as required by Section (3) of this Agreement for twenty-five percent (25%) of the total estimated cost of the grading as changed, altered, or amended, minus any completed partial releases allowed by Section (6) of this Agreement. (b) The GRADER shall complete the grading in accordance with CITY standards in effect at the time of approval of GRADING PLANS. CITY reserves the right to modify the standards applicable to the PROPERTY and this Agreement, when necessary to protect the public safety or welfare or comply with applicable state or federal law or CITY zoning ordinances_ If GRADER requests and is granted an extension of time for completion of the grading, CITY may apply the standards in effect at the time of the extension. (4) Inspection. GRADER shall at all times maintain proper facilities and safe access for inspection of the grading by CITY inspectors. Upon completion of the work, GRADER may request a final inspection by the City Engineer, or the City Engineer's authorized representative. If the City Engineer, or the designated representative, determines that the work has been completed in accordance with this Agreement, then the City Engineer shall certify the completion of the grading. When applicable law requires an RWU8%VC0\760 - 4 - C:\Documents and Settings\Robert.Hargreaves\My Documents\PALM DESERT - Grading Agreement.doc '\ inspection to be made by City at a particular stage of the grading, CITY shall be given timely notice of GRADER's readiness for such inspection and GRADER shall not proceed with additional work until the inspection has been made and the work approved. GRADER shall bear all costs of inspection and certification. (5) Release of Securities. The securities required by this Agreement shall be released as following: (a) Security given for faithful performance of any act, obligation, work or agreement shall be released upon the final completion and approved of the act or work. (6) Injury to Public Improvements, Public Property or Public Utilities Facilities. GRADER shall replace or repair or have replaced or repaired, as the case may be, all public improvements, public utilities facilities and surveying or property monuments which are destroyed or damaged as a result of any work under this Agreement. GRADER shall bear the entire cost of replacement or repairs of any and all public or public utility property damaged or destroyed by reason of any work done under this Agreement, whether such property is owned by the United States or any agency thereof, or the State of California, or any agency or political subdivision thereof, or by CITY or any public or private utility corporation or by any combination of such owners. Any repair or replacement shall be to the satisfaction, and subject to the approval, of the City Engineer. (7) Permits. GRADER shall, at GRADER's expense, obtain all necessary permits and licenses for the grading, give all necessary notices and pay all fees and taxes required by law. (8) Default of GRADER. (a) Default of GRADER shall include, but not be limited to, RMKMIYCD1760 - 5 - C:\Documents and Settings\Robert.Rargreavea\My Documents\PALM DBSSRT - Grading Agreement doc (1) GRADER's failure to timely commence the grading; (2) GRADER's failure to timely complete grading; (3) GRADER's failure to timely cure any defect in the grading; -(4)-GRA Fa' s f0ure to perform-sw (5) GRADER's insolvency, appointment of a receiver, or the filing of any petition in bankruptcy either voluntary or involuntary which GRADER fails to discharge within thirty (30) days; (6) the commencement of a foreclosure action against the PROPERTY or a portion thereof, or any conveyance in lieu or in avoidance of foreclosure; or Agreement. (7) GRADER's failure to perform any other obligation under this (b) CITY reserves to itself all remedies available to it at law or in equity for breach of GRADER's obligations under this Agreement. CITY shall have the right, subject to this Section, to draw upon or utilize the appropriate security to mitigate CITY's damages in event of default by GRADER. The right of CITY to draw upon or utilize the security is additional to and not in lieu of any other remedy available to CITY. It is specifically recognized that the estimated costs and security amounts may not reflect the actual cost of grading and, therefore, CITY's damages for GRADER's default shall be measured by the cost of completing the required grading. The sums provided by the security may be used by CITY for the completion of the grading in accordance with the GRADING PLANS contained herein. RMPU13WM760 -6- C:\Documents and $e-_tings\Robert.aargreaves\My Documents\PALM DESERT - Grading Agreement.doc In the event of GRADER's default under this Agreement, GRADER authorizes CITY to perform such obligation twenty (20) days after mailing written notice of default to GRADER and to GRADER's surety, and agrees to pay the entire cost of such performance by CITY. CITY may take over the work and prosecute the same to completion, by contract or by any other method CITY may deem advisable, for the account and at the expense of GRADER, and GRADER's surety shall be liable to CITY for any excess cost or damages occasioned CITY thereby. In such event, CITY, without liability for so doing, may take possession of, and utilize in completing the work, such materials, appliances, plants and other property belonging to GRADER as may be on the site of the work and necessary for performance of the work. (c) Failure of GRADER to comply with the terms of this Agreement shall constitute consent to the filing by CITY of notice of violation against the PROPERTY. The remedy provided by this subsection (c) is in addition to and not in lieu of other remedies available to CITY. GRADER agrees that the choice of remedy or remedies for GRADER's breach shall be in the discretion of CITY. (d) In the event that GRADER fails to perform any obligation hereunder, GRADER agrees to pay all costs and expenses incurred by CITY in securing performance of such obligations, including but not limited to fees and charges of engineers, attorneys, other professionals, and court costs (e) The failure of CITY to take an enforcement action with respect to a default, or to declare a breach, shall not be construed as a waiver of that default or breach or any subsequent default or breach of GRADER. RMr'U61vCD\760 - 7 - C:1Documer,ts and Settings\Robert.Hargreaves\My Documents\p.kLM DESERT - Grading Agreement.doc (9) GRADER Not Aqent of CITY. Neither GRADER nor any of GRADER's agents, contractors or subcontractors are or shall be considered to be agents of CITY in connection with the performance of GRADER'S obligations under this Agreement. (10) Indemnity/Hold Harmless. CITY or any officer or employee thereof shall not be liable for any injury to persons or property occasioned by reason of the acts or omissions of GRADER, its agents, or employees, contractors and subcontractors in the performance of this Agreement. GRADER further agrees to protect, defend, indemnify and hold harmless CITY, its officials, boards and commissions, and members thereof, agents and employees from any and all claims, demands, causes of action, liability or loss of any sort, because of, or arising out of, acts or omissions of GRADER, its agents, employees, contractors and subcontractors in the performance of this Agreement, except for such claims, demands, causes of action, liability, or loss arising out of the sole active negligence of the CITY, its officials, boards, commissions, the members thereof, agents, and employees, including all claims, demands, causes of action, liability, or loss because of, or arising out of, in whole or in part, the design or construction of the improvements. This indemnification and agreement to hold harmless shall extend to injuries to persons and damages or taking of property resulting from the grading of the PROPERTY, and in addition, to adjacent property owners. Approval by CITY of the grading shall not constitute an assumption by CITY of any responsibility for any damage or taking covered by this Section. CITY shall not be responsible for the performance of grading, regardless of any negligent action or inaction taken by CITY in approving the plans, unless the particular design was specifically required by CITY over written objection by GRADER submitted to the City Engineer before approval of the particular grading design, which objection PWVB\VCDV60 - 8 - Cs\Documents and Settings\Robert. Hargreaves\My Documents\PAIMt DESERT - Grading Agreemen- doc 1 indicated that the particular grading design was dangerous or defective and suggested an alternative safe and feasible design. GRADER shall reimburse CITY for all costs and expenses (including but not limited to fees and charges of architects, engineers, attorneys, and other professionals, and court costs) incurred by CITY in enforcing the provisions of this Section. (11) Personal Nature of GRADER'S Obliqations. All of GRADER's obligations under this agreement are and shall remain the personal obligations of GRADER notwithstanding a transfer of all or any part of the property subject to this Agreement, and GRADER shall not be entitled to assign its obligations under this Agreement to any transferee of all or any part of the property within the PROPERTY or to any other third party without the express written consent of CITY. (12) Sale or Disposition of PROPERTY. GRADER may request a novation of this Agreement and a substitution of security. Upon approval of the novation and substitution of securities, the GRADER may request a release or reduction of the securities required by this Agreement. Nothing in the novation shall relieve the GRADER of the obligations under Section (18) for the work or improvement done by GRADER. (13) Time of the Essence. Time is of the essence in the performance of this Agreement. (14) Time for Commencement of Work, Time Extensions. GRADER shall commence substantial grading required by this Agreement not later than six (6) months after the date of this Agreement. In the event good cause exists as determined by the City Engineer, the time for commencement of grading hereunder may be extended for a period or periods not exceeding a total of two (2) additional years. The extension shall be RNPMVCD•760 - 9 - C:\Documents and Se,tings\Robert.Bargreaves\My Documents\PAIR DESERT - Grading Agreement.doc executed in writing by the City Engineer. Any such extension may be granted without notice to GRADER's surety and shall not affect the validity of this Agreement or release the surety or sureties on any security given for this Agreement. The City Engineer shall be the sole and final judge as to whether or not good cause has been shown to entitle GRADER to an extension. Delay, other than delay in the commencement of work, resulting from an act of CITY, act of God, or by storm or inclement weather, strikes, boycotts or similar political actions which prevents the conducting of work, which GRADER could not have reasonably foreseen and, furthermore, were not caused by or contributed to by GRADER, shall constitute good cause for and extension of the time for completion. As a condition of such extension, the City Engineer may require GRADER to furnish new security guaranteeing performance of this Agreement as extended in an increased amount as necessary to compensate for any increase in construction costs as determined by the City Engineer. (15) No Vestinq of Rights. Performance by GRADER of this Agreement shall not be construed to vest GRADER's rights with respect to any change in any zoning or building law or ordinance. (16) Notices. All notices required or provided for under this Agreement shall be in writing and delivered in person or sent by mail, postage prepaid and addressed as provided in this Section. Notice shall be effective on the date it is delivered in person, or, if mailed, on the date of deposit in the United States mail. Notices shall be addressed as follows unless a written change of address is filed with the City: "/YJBNVM760 -10- C:\Documerts and Settings\Robert.Rargreaves\Ny Documents\PALM DESERT - Grading Agreement doc I Notice to CITY: City of Palm Desert 73-510 Fred Waring Drive Palm Desert, California 92260 Attn: Public Works Director Notice to GRADER: Cornishe of Bighorn. LLC c/o Barrel Ten Quarter Circle Land Company, Inc. P.O.Box 789 Ceres, California 95307 Notice to SURETY: RLI Insurance Company P.O.Box 3967 Peoria, Illinois 61612 (17) Compliance With Laws. GRADER, its agents, employees, contractors and subcontractors shall comply with all federal, state and local laws in the performance of the grading required by this Agreement. (18) Severability. The provisions of this Agreement are severable. If any portion of this Agreement is held invalid by a court of competent jurisdiction, the remainder of the agreement shall remain in full force and effect unless amended or modified by the mutual consent of the parties. (19) Captions. The captions of this Agreement are for convenience and reference only and shall not define, explain, modify, limit, exemplify, or aid in the interpretation, construction or meaning of any provisions of this Agreement. (20) Litigation or Arbitration. In the event that suit or arbitration is brought to enforce the terms of this Agreement, the prevailing party shall be entitled to litigation costs and reasonable attorneys' fees. R flVMVC D%76o - 11 - \ , C;\Documents and Sett ings \Robert. Hargreaves\My Documents\PALM DESERT Gra&ng Agreement doc 1� (21) Incorporation of Recitals. The recitals to this Agreement are hereby incorporated into in the terms of this Agreement. (22) Entire Aqreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter. All modifications, amendments, or waivers of the terms of this Agreement must be in writing and signed by the appropriate representatives of the parties. (23) Interpretation. This Agreement shall be interpreted in accordance with the laws of the State of California. (24) Jurisdiction. Jurisdiction of all disputes over the terms of this Agreement shall be in the County of Riverside, State of California. IN WITNESS WHEREOF, this Agreement is executed by the parties as of the date hereinabove first written; by CITY, by and through its Mayor. Corn is a of Bigho n, LLC CITY OF PALM DESERT GRADEIR By: Fred T. Franzia, Manager By: GRADER MAYOR (Proper Notarization of GRADER's signature is required and shall be attached) RMPuswCrn760 - 12 - C!\Documents and Set tangs\Robert. Hargreaves\My Documents\PALM DESERT - Grading Agreament.doc IV RWUBkvcM760 ATTEST: CITY CLERK - APPROVED AS TO FORM -13- CITY ATTORNEY c:\Documents and Set tings\Robert -Hargreaves \My Documents\PAL14 DESERT - Grading Agreement.doc k CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT L�tii �W�.4Y3t� •. .� ••-.•. •• taiu�r.u:�Or.C•u41CtPlJ�Y...Ji:r',fig.a.:aL'.�6i�1':iv�+..YL.6i�6.r'r:(i iL',.l'a,�.t.�r'.Y.ra� Slate of California County of 15Z+ZA, n \ f—, I j S On 12►007' O�+s before me, z i(� 0" pry - "lee / personally appeared Z . �Y o wpw-Pt S A A- R*= CMIMMMMIfr r 19144 11pdi Pdit 4, CdOaft Bt+ oka Cattily My Cony Em" Doc !A .t014 who proved to me on the basis of satisfactory evidence to be the persorl(c) whose nameM Islamsubsctibed to the wtlhin instrument and acknowledged to me that ha4heAhay executed the same in hisMaWt+alr aulfwrized capadtyQ ), and that by hislhaailltair stgrlalure(Q on the instrument the pemon(s), or the entity upon behall of which the persons) acted, executed the InstrumenL I oenify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct WITNESS my and and ofi)clal seal _JT,q� Signature tin Wiry a"Artie ell OPTIONAL Thowh Me kdorrrraBan Dhow Is not rapuW by Iw.: N may pore rnkew b penom rayery on (he docvrwM and CM& prerenr harrdurenr rwnmW and resoedtmerx of rhte b" ID anprhr documenr. Description of Attached Dmenl oc Title or lype of Durnerlt: 1_�jds � Doamera Dais: _ � i I- a&s Signer(s) Other Than Named Above, CapaclWles) Claimed by Signer(s) s Signer's Name: Signers Name O individual 0 indlViduel O Corporate Officer — Ttae(s): O Corporals aster — nile(s). O Partner —C Umaed O General O Partner — O Umkod D General O Attorney in Fact O Attorney In Fad O Trustee roe ate"r° Awe O Trustee of aaee �� O Guardian or Conservator I ❑ Guardian or Conservator O Dow O Othw - Signer is Representin7, Slpnen is liepresen&V OeeW llOrn/Mtrr�bl•af0 Delfeb M�4IItl „o•OMIralG ellill2elQ•1'wwM-�1'� �IaOn AM�1rC/M�+�il�atp RWUB1vCD760 - 14 - - IJ'%-OS•),I. C:\Documents and Sett:nge\Robert.Hargreavee\My Documents\PATH DESERT - Grading Agreement.doc Y x 1. 8,016 TRACT No. 31676 VICINITY MAP