HomeMy WebLinkAboutRelease Security - T36554 - Pearwood Ventures LLC�v
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE SECURITY FOR TRACT 36554
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Pearwood Ventures, LLC
Stuart Chelin
77682 Country Club Drive, Suite A3
Palm Desert, CA 92211
SureTec
c/o Pinnacle Surety
151 Kalmus Drive, Suite A201
Costa Mesa, CA 92626
BOND NUMBER: 4392981
DATE:
CONTENTS
Recommendation
July 9, 2015
Performance Bond
Maintenance Bond
Agreement
Vicinity Map
By Minute Motion, release security for improvements for Tract 36554 and
accept a 10 percent maintenance bond.
Background
The subject property is located at Shepherd Lane and Encore Lane. A faithful
performance bond in the amount of $312,375.60 and a Labor and Materials bond in the
amount of $156,187.80 was submitted at the time of permit issuance for off -site
improvements to Shepherd Lane, Encore Lane, and Julie Lane.
Staff Report
Release Security for TR 36554
Page 2 of 2
July 9, 2015
All improvements related to this deposit are complete. A maintenance bond in the
amount of $31,238, which is 10 percent of the faithful performance bond, was submitted
for maintenance to be held for one year as required by the municipal code.
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By: Deparjoeft plead:
Aq
Christina Canales, Assistant Engineer Mark Gr a wood, P.E.,
Director f ublic Works
Paul S. Gib o , Director of Finance
n M. Wohlmuth, City Manager
SUBDIVISION IMPROVEMENT AGREEMENT
DATE OF AGREEMENT: April 8, 2014.
NAME OF SUBDIVIDER: Pearwood Ventures LLC
(referred to as "SUBDIVIDER").
NAME OF SUBDIVISION: Encore Palm Desert No. of Lots: S
(referred to as "SUBDIVISION").
-240S
TENTATIVE MAP RESOLUTION OF APPROVAL NO.: 2W (TM No: 36554)
(referred to as "Resolution of Approval')
IMPROVEMENT PLANS APPROVED ON:
(referred to as "Improvement Plans").
ESTIMATED TOTAL COST OF IMPROVEMENTS: $312,375.60.
ESTIMATED TOTAL COST OF MONUMENTATION: o F A� r-�-•
SURETY:
BOND NOS: 4392981
SURETY: SureTec Insurance Company
-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
SUBDIVIDER.
RECITALS
RMPUBIDJE\1597
A. SUBDIVIDER has presented to CITY for approval and recordation, a final
subdivision map of a proposed SUBDIVISION pursuant to provisions of the Subdivision
Map Act of the State of California and the CITY's ordinances and regulations relating to the
filing, approval and recordation of subdivision maps. The Subdivision Map Act and the
CITY's ordinances and regulations relating to the filing, approval and recordation of
subdivision maps are collectively referred to in this Agreement as the "Subdivision Laws".
B. A tentative map of the SUBDIVISION has been approved, subject to the
Subdivision Laws and to the requirements and conditions contained In the Resolution of
Approval. The Resolution of Approval is on file in the Office of the City Clerk and is
incorporated into this Agreement by reference.
C. The Subdivision Laws establish as a condition precedent to the approval of a
final map that SUBDIVIDER must have complied with the Resolution of Approval and must
have either (a) completed, in compliance with CITY standards, all of the improvements and
land development work required by the Subdivision Laws or the Resolution of Approval or
(b) have entered into a secured agreement with CITY to complete the Improvements and
land development within a period of time specified by CITY.
D. In consideration of the approval of a final map for the SUBDIVISION by the
City Council, SUBDIVIDER desires to enter into this Agreement, whereby SUBDIVIDER
promises to install and complete, at SUBDIVIDER's own expense, all the public
improvement work required by CITY in connection with the proposed SUBDIVISION.
SUBDIVIDER has secured this Agreement by improvement security required by the
Subdivision Laws and approved by the City Attorney.
RMPUBWM1597 -2-
E. Complete Improvement Plans for the construction, installation, and
completion of the improvements have been prepared by SUBDIVIDER and approved by
the City Engineer. The Improvement 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 Improvement Plans
shall include reference to any specifications for the improvements as approved by the City
Engineer.
F. An estimate of the cost for construction of the public improvements and
performing land development work in connection with the improvements according to the
Improvement 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.
G. CITY has adopted standards for the construction and installation of
improvements within the CITY. The Improvement Plans have been prepared in
conformance with CITY standards in effect on the date of the Resolution of Approval.
H. All public improvement monuments, street signs, and stakes as specified on
the final map are to be completed prior to final formal acceptance by the City Council.
Individual property monuments must be installed within one year from the formal final
Council acceptance of said SUBDIVISION.
I. SUBDIVIDER recognizes that by approval of the final map for SUBDIVISION,
CITY has conferred substantial rights upon SUBDIVIDER, including the right to sell, lease,
or finance lots within the SUBDIVISION. As a result, CITY will be damaged to the extent of
the cost of installation of the improvements by SUBDIVIDER`s failure to perform its
obligations to commence construction of the improvements by the time established in this
RMPUOOJE%1397 -3-
Agreement. CITY shall be entitled to all remedies available to it pursuant to this
Agreement and law in the event of a default by SUBDIVIDER. It is specifically recognized
that the determination of whether a reversion to acreage or rescission of the SUBDIVISION
constitutes an adequate remedy for default by the SUBDIVIDER shall be within the sole
discretion of CITY.
NOW, THEREFORE, in consideration of the approval and recordation by the City
Council of the final map of the SUBDIVISION, SUBDIVIDER and CITY agree as follows:
(1) SUBDIVIDER's Obligation to Construct Improvements.
SUBDIVIDER shall:
(a) Comply with all the requirements of the Resolution of Approval, and
any amendments thereto, and with the provisions of the Subdivision Laws.
(b) Complete at SUBDIVIDER's own expense, all the public improvement
work required by the Resolution of Approval in conformance with approved Improvement
Plans within one year from date of execution of this Agreement; provided however, that the
Improvements shall not be deemed to be completed until accepted by City Council as
provided in Section (17) herein.
(c) Furnish the necessary materials for completion of the public
Improvements in conformity with the Improvement Plans.
(d) Acquire, or pay the cost of acquisition by CITY, and dedicate all rights -
of -way, easements and other interests in real property for construction and installation of
the public improvements, free and clear of all liens and encumbrances. The
SUBDIVIDER's obligations with regard to acquisition by CITY of off -site rights -of -way,
easements and other interests in real property shall be subject to a separate agreement
between SUBDIVIDER and CITY. SUBDIVIDER shall also be responsible for obtaining
RMPUMDI&i sv7 — 4 —
any public or private sanitary sewer, domestic water, drainage, and/or utility easements or
authorization to accommodate the SUBDIVISION.
(e) Commence construction of the improvements by the time established
in Section (22) of this Agreement and complete the improvements by the deadline stated in
Section (1)(b) above, unless a time extension is granted by the CITY as authorized in
Section (22).
(f) Install all SUBDIVISION public improvement monuments required by
law and prior to formal final acceptance of the public improvements by CITY. Individual
property monuments shall be installed within one year of said acceptance.
(g) Install street name signs conforming to CITY standards. Permanent
street name signs shall be installed before acceptance of the improvements by CITY.
(2) Acquisition and Dedication of Easements or Rights -of -Way. If any of the
public improvement and land use development work contemplated by this Agreement is to
be constructed or installed on land not owned by CITY or SUBDIVIDER, no construction or
installation shall be commenced before:
(a) The offer of dedication to CITY of appropriate rights -of -way,
easements or other interests in real property, and appropriate authorization from the
property owner to allow construction or installation of the improvements or work, or
(b) The dedication to, and acceptance by, CITY of appropriate rights -of -
way, easements or other interests in real property, as determined by the City Engineer, or
(c) The issuance by a court of competent jurisdiction pursuant to the State
Eminent Domain Law of an order of possession. SUBDIVIDER shall comply in all respects
with the order of possession.
RMPUB0101597 - 5
Nothing in this Section (2) shall be construed as authorizing or granting an extension
of time to SUBDIVIDER.
(3) Security. SUBDIVIDER shall at all times guarantee SUBDIVIDER's
performance by furnishing to CITY, and maintaining, good and sufficient security as
required by the Subdivision Laws 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
improvements in an amount of 100% of the estimated cost of the improvements; and
(b) to secure payment to any contractor, subcontractor, persons renting
equipment, or furnishing labor and materials for the improvements required to be
constructed and installed pursuant to this Agreement in the additional amount of 50% of
the estimated cost of the improvements; and
(c) to guarantee or warranty the work done pursuant to this Agreement for
a period of one year following acceptance thereof by CITY against any defective work or
labor done or defective materials furnished in the additional amount of 10% of the
estimated cost of the improvements; and
(d) SUBDIVIDER shall also furnish to CITY good and sufficient security in
the amount of one hundred percent (100%) of the estimated cost of setting SUBDIVISION
monuments as stated previously in this Agreement in Section (1)(f) for a period of one year
plus thirty (30) days from formal acceptance by the City Council.
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
RMPUBOJS1597 - 6-
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.
(4) Alterations to Improvement Plans.
(a) Any changes, alterations or additions to the Improvement Plans not
exceeding ten percent (10%) of the original estimated cost of the improvements, which are
mutually agreed upon by CITY and SUBDIVIDER, 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,
SUBDIVIDER shall provide improvement security for faithful performance as required by
Section (3) of this Agreement for one hundred percent (100%) of the total estimated cost of
the improvements as changed, altered, or amended, minus any completed partial releases
allowed by Section (6) of this Agreement.
(b) The SUBDIVIDER shall construct the improvements in accordance
with CITY standards in effect at the time of adoption of the Resolution of Approval. CITY
reserves the right to modify the standards applicable to the SUBDIVISION 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 SUBDIVIDER requests and is
granted an extension of time for completion of the improvements, CITY may apply the
standards in effect at the time of the extension.
RMPU"JE%I597 _ 7
(5) Inspection. SUBDIVIDER shall at all times maintain proper facilities and safe
access for inspection of the public improvements by CITY inspectors and to the shops
wherein any work is in preparation. Upon completion of the work, SUBDIVIDER may
request a final inspection by the City Engineer, or the City Engineers 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 public improvements to the City Council. No improvements
shall be finally accepted by the City Council unless all aspects of the work have been
inspected and completed in accordance with the Improvement Plans. When applicable law
requires an inspection to be made by City at a particular stage of the work of constructing
and installing such improvements, CITY shall be given timely notice of SUBDIVIDER's
readiness for such inspection and SUBDIVIDER shall not proceed with additional work until
the inspection has been made and the work approved. SUBDIVIDER shall bear all costs of
inspection and certification. No improvements shall be deemed completed until accepted
by the City Council pursuant to Section (17) herein.
(6) 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 acceptance of the act or work,
subject to the provisions of subsection (b) hereof.
(b) The City Engineer may release a portion of the security given for
faithful performance of improvement work as the improvement progresses upon application
thereof by the SUBDIVIDER; provided, however, that no such release shall be for an
amount less than twenty-five percent (25%) of the total improvement security given for
RMPUBT)MIS97 - 8
faithful performance of the improvement work and that the security shall not be reduced to
an amount less than fifty percent (50%) of the total improvement security given for faithful
performance until final completion and acceptance of the improvement work. In no event
shall the City Engineer authorize a release of the improvement security which would reduce
such security to an amount below that required to guarantee the completion of the
improvement work and any other obligation imposed by this Agreement.
(c) Security given to secure payment to the contractor, his or her
subcontractors and to persons furnishing labor, materials or equipment shall, at six (6)
months after completion and acceptance of the work, be reduced to an amount equal to no
less than 125% of the total claimed by all claimants for whom liens have been filed and of
which notice has been given to the CITY, plus an amount reasonably determined by the
City Engineer to be required to assure the performance of any other obligations secured by
the Security. The balance of the security shall be released upon the settlement of all claims
and obligations for which the security was given.
(d) No security given for the guarantee or warranty of work shall be
released until the expiration of the warranty period and until any claims filed during the
warranty period have been settled. As provided in Section (10), the warranty period shall
not commence until formal final acceptance of all the work and improvements by the City
Council.
(e) CITY may retain from any security released, an amount sufficient to
cover costs and reasonable expenses and fees, including reasonable attomeys' fees.
(7) Inlury to Public Improvements, Public Property or Public Utilities Facilities.
SUBDIVIDER shall replace or repair or have replaced or repaired, as the case may be, all
public improvements, public utilities facilities and surveying or subdivision monuments
RMPUBWJM1597 -9-
which are destroyed or damaged as a result of any work under this Agreement.
SUBDIVIDER 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.
(8) Permits. SUBDIVIDER shall, at SUBDIVIDER's expense, obtain all
necessary permits and licenses for the construction and installation of the improvements,
give all necessary notices and pay all fees and taxes required by law.
(9) Default of SUBDIVIDER.
(a) Default of SUBDIVIDER shall include, but not be limited to,
Agreement;
improvements;
improvements;
(1) SUBDIVIDER's failure to timely commence construction of this
(2) SUBDIVIDER's failure to timely complete construction of the
(3) SUBDIVIDER's failure to timely cure any defect in the
(4) SUBDIVIDER's failure to perform substantial construction work for
a period of twenty (20) calendar days after commencement of the work;
(5) SUBDIVIDER's insolvency, appointment of a receiver, or the filing
of any petition in bankruptcy either voluntary or involuntary which SUBDIVIDER fails to
discharge within thirty (30) days;
RMPUBIDJE\1597 _ 1 _
(6) the commencement of a foreclosure action against the
SUBDIVISION or a portion thereof, or any conveyance in lieu or in avoidance of
foreclosure; or
(7) SUBDIVIDER's failure to perform any other obligation under this
Agreement.
(b) CITY reserves to itself all remedies available to it at law or in equity for
breach of SUBDIVIDER'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 SUBDIVIDER. 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 construction or installation of the improvements and, therefore, CITY's
damages for SUBDIVIDER's default shall be measured by the cost of completing the
required improvements. The sums provided by the improvement security may be used by
CITY for the completion of the public improvements In accordance with the improvement
plans and specifications contained herein.
In the event of SUBDIVIDER's default under this Agreement, SUBDIVIDER
authorizes CITY to perform such obligation twenty (20) days after mailing written notice of
default to SUBDIVIDER and to SUBDIVIDER'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
SUBDIVIDER, and SUBDIVIDER'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
RMPUB\DIEU 597 -11-
take possession of, and utilize in completing the work, such materials, appliances, plants
and other property belonging to SUBDIVIDER as may be on the site of the work and
necessary for performance of the work.
(c) Failure of SUBDIVIDER to comply with the terms of this Agreement
shall constitute consent to the filing by CITY of notice of violation against all the lots in the
SUBDIVISION, or to rescind the approval or otherwise revert the SUBDIVISION to
acreage. The remedy provided by this subsection (c) is in addition to and not in lieu of
other remedies available to CITY. SUBDIVIDER agrees that the choice of remedy or
remedies for SUBDIVIDER's breach shall be in the discretion of CITY.
(d) In the event that SUBDIVIDER fails to perform any obligation
hereunder, SUBDIVIDER 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
architects, 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 SUBDIVIDER.
(10) Warran . SUBDIVIDER shall guarantee or warranty the work done pursuant
to this Agreement for a period of one year after final formal acceptance of the
SUBDIVISION by the City Council against any defective work or labor done or defective
materials furnished. If within the warranty period any work or improvement or part of any
work or improvement done, furnished, installed, or constructed by SUBDIVIDER fails to
fulfill any of the requirements of this Agreement or the improvement plans and
specifications referred to herein, SUBDIVIDER shall without delay and without any cost to
CITY, repair or replace or reconstruct any defective or otherwise unsatisfactory part or
RMPUBOMI S97 -12-
parts of the work or structure. Should SUBDIVIDER fail to act promptly or in accordance
with this requirement, SUBDIVIDER hereby authorizes CITY, at CITY's option, to perform
the work twenty (20) days after mailing written notice of default to SUBDIVIDER and to
SUBDIVIDER's surety, and agrees to pay the cost of such work by CITY. Should CITY
determine that an urgency requires repairs or replacements to be made before
SUBDIVIDER can be notified, CITY may, in its sole discretion, make the necessary repairs
or replacement or perform the necessary work and SUBDIVIDER shall pay to CITY the
cost of such repairs.
(11) SUBDIVIDER Not Agent of CITY. Neither SUBDIVIDER nor any of
SUBDIVIDER's agents, contractors or subcontractors are or shall be considered to be
agents of CITY in connection with the performance of SUBDIVIDER'S obligations under
this Agreement.
(12) Iniury to Work. Until such time as the improvements are accepted by CITY,
SUBDIVIDER shall be responsible for and bear the risk of loss to any of the Improvements
constructed or installed. Until such time as all improvements required by this Agreement
are fully completed and accepted by CITY, SUBDIVIDER will be responsible for the care,
maintenance of, and any damage to such improvements. CITY shall not, nor shall any
officer or employee thereof, be liable or responsible for any accident, loss or damage,
regardless of cause, happening or occurring to the work or improvements specked in this
Agreement prior to the completion and acceptance of the work or improvements. All such
risks shall be the responsibility of and are hereby assumed by SUBDIVIDER.
(13) Environmental Warranty. Prior to the acceptance of any dedications or
improvements by CITY, SUBDIVIDER shall certify and warrant that neither the property to
be dedicated nor SUBDIVIDER is in violation of any environmental law and neither the
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property to be dedicated nor the SUBDIVIDER is subject to any existing, pending or
threatened investigation by any federal, state or local governmental authority under or in
connection with environmental law. Neither SUBDIVIDER nor any third party will use,
generate, manufacture, produce, or release, on, under, or about the property to be
dedicated, any hazardous substance except in compliance with all applicable
environmental laws. SUBDIVIDER has not caused or permitted the release of, and has no
knowledge of the release or presence of, any hazardous substance on the property to be
dedicated or the migration of any hazardous substance from or to any other property
adjacent to, or in the vicinity of, the property to be dedicated. SUBDIVIDER's prior and
present use of the property to be dedicated has not resulted in the release of any
hazardous substance on the property to be dedicated. SUBDIVIDER shall give prompt
written notice to CITY at the address set forth herein of:
(a) Any proceeding or investigation by any federal, state or local
governmental authority with respect to the presence of any hazardous substance on the
property to be dedicated or the migration thereof from orto any other property adjacent to,
or in the vicinity of, the property to be dedicated;
(b) Any claims made or threatened by any third party against CITY or the
property to be dedicated relating to any loss or injury resulting from any hazardous
substance; and,
(c) SUBDIVIDER's discovery of any occurrence or condition on any
property adjoining in the vicinity of the property to be dedicated that could cause the
property to be dedicated or any part thereof to be subject to any restrictions on its
ownership, occupancy, use for the purpose forwhich is it is intended, transferability or suit
under any environmental law.
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(14) Other Agreements. Nothing contained in this Agreement shall preclude CITY
from expending monies pursuant to agreements concurrently or previously executed
between the parties, or from entering into agreements with other subdividers for the
apportionment of costs of water and sewer mains, or other improvements, pursuant to the
provisions of the CITY ordinances providing therefore, nor shall anything in this Agreement
commit CITY to any such apportionment.
(15) SUBDIVIDER'S Obligation to Warn Public During Construction. Until formal
final acceptance of the improvements, SUBDIVIDER shall give good and adequate warning
to the public of each and every dangerous condition existent in said improvements, and will
take all reasonable actions to protect the public from such dangerous condition.
(16) Vesting of Ownership. Upon formal final acceptance of the work by CITY and
recordation of the Resolution of Acceptance of Public Improvements, ownership of the
improvements constructed pursuant to this Agreement shall vest in CITY.
(17) Final Acceptance of Work. Acceptance of the work on behalf of CITY shall
be made by the City Council upon recommendation of the City Engineer after final
completion and inspection of all improvements. The City Council shall act upon the
Engineer's recommendation within sixty (60) days from the date the City Engineer certifies
that the work has been finally completed, as provided in Section (6). Such acceptance
shall not constitute a waiver of defects by CITY.
(18) 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 SUBDIVIDER, its agents, or employees, contractors and subcontractors in the
performance of this Agreement. SUBDIVIDER further agrees to protect, defend, Indemnify
and hold harmless CITY, its officials, boards and commissions, and members thereof,
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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 SUBDIVIDER, 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 design or construction of said
SUBDIVISION, and the public improvements as provided herein, and in addition, to
adjacent property owners as a consequence of the diversion of waters from the design and
construction of public drainage systems, streets and other public improvements.
Acceptance by CITY of the improvements 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 design or construction of the property to be dedicated or the
improvements pursuant to the approved improvement plans or map, regardless of any
negligent action or inaction taken by CITY in approving the plans or map, unless the
particular improvement design was specifically required by CITY overwritten objection by
SUBDIVIDER submitted to the City Engineer before approval of the particular improvement
design, which objection indicated that the particular improvement design was dangerous or
defective and suggested an alternative safe and feasible design.
After acceptance of the improvements, the SUBDIVIDER shall remain
obligated to eliminate any defect in design or dangerous condition caused by the design or
construction defect; however, SUBDIVIDER shall not be responsible for routine
RMPUMDM 597 -16-
maintenance. Provisions of this Section shall remain in full force and effect for ten (10)
years following the acceptance by CITY of the improvements. It is the intent of this Section
that SUBDIVIDER shall be responsible for all liability for design and construction of the
improvements installed or work done pursuant to this Agreement and that CITY shall not
be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving,
reviewing, checking, or inspecting any work or construction. The improvement security
shall not be required to cover the provisions of this Section.
SUBDIVIDER 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.
(19) Personal Nature of SUBDIVIDER'S Obligations. All of SUBDIVIDER's
obligations under this agreement are and shall remain the personal obligations of
SUBDIVIDER notwithstanding a transfer of all or any part of the property within the
SUBDIVISION subject to this Agreement, and SUBDIVIDER shall not be entitled to assign
its obligations under this Agreement to any transferee of all or any part of the property
within the SUBDIVISION or to any other third party without the express written consent of
CITY.
(20) Sale or Disposition of SUBDIVISION. Seller or other SUBDIVIDER may
request a novation of this Agreement and a substitution of security. Upon approval of the
novation and substitution of securities, the SUBDIVIDER may request a release or
reduction of the securities required by this Agreement. Nothing in the novation shall relieve
the SUBDIVIDER of the obligations under Section (18) for the work or improvement done
by SUBDIVIDER.
RMPLnMJ U597 _ 1']
(21) Time of the Essence. Time is of the essence in the performance of this
Agreement.
(22) Time for Commencement of Works Time Extensions. SUBDIVIDER shall
commence substantial construction of the improvements 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 construction or
completion of the improvements hereunder may be extended for a period or periods not
exceeding a total of two (2) additional years. The extension shall be executed in writing by
the City Engineer. Any such extension may be granted without notice to SUBDIVIDER'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 SUBDIVIDER 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 SUBDIVIDER could not have reasonably foreseen
and, furthermore, were not caused by or contributed to by SUBDIVIDER, shall constitute
good cause for and extension of the time for completion. As a condition of such extension,
the City Engineer may require SUBDIVIDER 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.
(23) No Vesting of Rights. Performance by SUBDIVIDER of this Agreement shall
not be construed to vest SUBDIVIDER's rights with respect to any change in any zoning or
building law or ordinance.
RMPUMDJB1597 -18-
(24) Notices. All notices required or provided for underthis 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:
Notice to CITY:
Notice to SUBDIVIDER:
Notice to SURETY:
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, California 92260
Attn: Public Works Director
Pearwood Ventures LLC
77682 Country Club Drive
Suite A-3
Palm Desert, CA 92211
SureTec Insurance Company
c/o Pinnacle Surety
151 Kalmus Drive; Suite A201
Costa Mesa, CA 92626
(25) Compliance With Laws. SUBDIVIDER, its agents, employees, contractors
and subcontractors shall comply with all federal, state and local laws in the performance of
the improvements and land development work required by this Agreement.
(26) 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.
(27) Caption . 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.
RMPUBOJB1597
(28) Litigation or Arbitration. In the event that suit or arbitration is brought to
enforce the terms of this Agreement, the prevailing parry shall be entitled to litigation costs
and reasonable attorneys' fees.
(29) Incorporation of Recitals. The recitals to this Agreement are hereby
Incorporated into in the terms of this Agreement.
(30) Entire Agreement. 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.
(31) Interpretation. This Agreement shall be interpreted in accordance with the
laws of the State of California.
(32) Jurisdiction. Jurisdiction of all disputes over the terms of this Agreement
shall be in the County of Riverside, State of California.
RMPUBUD1597 -20-
IN WITNESS WHEREOF, this Agreement is executed by the parties as of the date
hereinabove first written; by CITY, by and through its Mayor.
PEARWOOD VENTURES LLC
UaQI�/IDER St,.��fi
SUBDIVIDER
(Proper Notarization of
SUBDIVIDER's signature is
required and shall be attached)
lu
Mw 0
RMPUBMI597 - 21-
CITY OF PALM DESERT
By: ti l -
MAYOR
ATTEST:
F! aw-w'd,
[,-MR nz
APPROVE AS TO FORM:
CITY ATTokNEY
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of
On J L .. before me,
Dale Hero Inaerl Name and T8k of the ON'
personally appeared Namo(s) of (s)
IIi�JA.�
M. G.J
SANCHEZ
Commission # 1906339
a =ai Notary Public - California z
30.
i ' " " . Riverside County
My Comm. Expires Oct 29, 2014
Place Notary Seal Above
who proved to me on the basis of satisfactory evidence to
be the person(,$) whose names' is/a(e subscribed to the
within instrument and acknowledged to me that
he/sKe/tVey executed the same in his/Wr/th6ir authorized
capacity(io(s), and that by his/tdr/ttkir signature on the
instrument the person(41 or the entity upon behalf of
which the person() 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,'
OPTIONAL
Though the Information below is not required by law, it may prove valuable to persons relying on the �ocument
and could prevent fraudulent removal and reattachment of this farm to an
0her document. /
Description of Attached Document
Title or Type of Document: 1
Document Date: �I i / ` Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
L.1 Individual
Corporate Officer — Title(s):
L7 Partner — O Limited I General
D Attorney in Fact •
EJ Trustee Top of mumD Hate
Ll Guardian or Conservator
f3'Other: " ,'' 1, '
S�iiner Is pr enting::-
Signer's
C:! Indivii
l ! Corporate O icer — Tttle(s): _
Partner — E1 L ited ! General
U Attorney in Fact
I. Trustee
C' Guardian or Conservator
I_! Other:
Signer Is Representing:
RIGHT TH01,111 RINT
OF SIGN
WHO '
M Y4'I/ ' I/ 'w)
M MIr MI/ '1 :11 :':V
r r'. ,
Engineer's Cost Estimate
4M5YditPWs,SuerP
HEITEC
FUTURE
TRACT
36554
t� C O N 5 U L T I N 0 >eawtsrn r.,mw4tero
Client
Pearwood Ventures LLC
1IY0 No.:
130301
Calc'd:
.l.ft..
Page:
1
Date:
04/01114
Chk'd:
M.H.
Of:
1
DESCRIPTION
QUANTITY
UNIT
COST
SUBTOTAL
STREET IMPROVEMENTS
Constr. 8" Curb and Gutter Type 1 Per C.P.Q. Std. Dwg. No. 102
657
L.F.
$22,00
$14.454.00
Constr. Cross Gutter Type 1 Per C.P.D. Sid. Dwg. No. 106
2,707
S.F.
$10.00
$27.070.00
Constr. 8' Wide Meandering Sidewalk Per. C.P.D. Std. Dwg. No. 104
7,619
S.F.
$5.00
$38.095.00
Constr. Access Ramp Per Riv. Co. Std. No. 103 Case Wand Latest ADA Sid.
2
EA.
$1,500.00
$3,000.0
Constr. 4" A.C. Pavement Over 7" Class II Aggregate Base
22,682
S.F.
$5.00
$113.410.00
Install Street Name Sign and Slop Sign Per. C.P.D. Std. Dwg. No. 301
1
EA.
$500.00
$500.00
Perimeter Landscaping (Julie)
2.214
S.F.
$6.00
313.284.00
Paint Stop Bar and Legend Per Caltrans Standards
1
EA.
$500.00
$5W.00
Total
$210 313.00
SCE Power Pole Relocation
Move SCE Power Pole
1
EA.
$50,000.00
$50.000.00
Total
$60,000.00
SUB -TOTAL
$260313.00
20% CONTINGENCY
$52062.60
TOTAL
$312 76.60
Public Utgkles Bond Esdmsto Does not Include some Items not related to street and utifity placement.
Does not Include Bonds, M.S.W.D. Fees, Governmental Agency Fees.
*Grading does not include pre -watering or soils tasting.
"Soils report may Ire over -excavation of street and pad sites this cost is not Included.
130301 04/02/14
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of d4kUel-s`rd�
On ( before me, L4 IL`h 1`W"� ; I�JOt u 00(61 IC-
Q!p! c !f! NNrt !rtM !n 11! 0 ! r
personally appeared _ JCLY ��e I n
_ LINDA ROCHA
Commission # 1958006 [
pp.
Notary Public - California z Riverside County
My Comm. Expires Nov 20. 2015
Place Notary Seal Above
who proved to me on the basis of satisfactory evidence to
be the person(s) whose name(s) istare subscribed to the
within Instrument and acknowledged to me that
hatshetthey executed the same in his/her/their authorized
capacity(ies), and that by his/herRheir slgnature(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 and clai eal.
Signa re `
Oar! of Notary
OPT70Na
Though the Inlormallon below is not required by law, It may prove valuable to persons retying oft the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
O Individual
0 Corporate Officer—Title(s): —
0 Partner — 0 Umited 0 General
O Attorney in Fact
O Trustee
O Guardian or Conservator
O Other:
Signer Is Representing:
RI( it rHo7. FPRCir
OF 51GI\FR
0
Number of Pages:
Signer's Name:
O Individual
13 Corporate Officer — Titie(s): _
❑ Partner — O Umited O General
❑ Attorney In Fact
❑ Trustee
O Guardian or Conservator
❑ Other:
Signer Is Representing:
to
RICI11 TH:.''.'LF+'if
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.rP•i4.•lL:v<�'i.'r<.•!\'�`+.-!<�'r<:�i4•r4�.vi:.'rP.v t�rv�.'r',�.i5-:�+'+..rd?+r4�.v�:vTri•/:!l�✓P v.^.v.i. 'i ;�.v Arr.��rr' vT vTY,J. r+�./:..v A.i vG."h-/:�r.r.�.r l,.-r?r,r
• I/ ►
RMPUBwCDK760 - 2 3 -
PREMIUM IS FOR THE CONTRACT TERM AND IS SUBJECT TO
ADJUSTMENT BASED ON FINAL CONTRACT PRICE
CITY OF PALM DESERT
STANDARD FORM
SUBDIVISION
FAITHFUL PERFORMANCE BOND
NAME OF SUBDIVISION: ENCORE PALM DESERT 'r(L , 3 (o� s-4�
NAME OF SUBDIVIDER:PEARWOOD VENTURES LLC
NAME OF SURETY: SureTec Insurance Company
EFFECTIVE DATE: April 7, 2014
AMOUNT OF BOND:$312.376.60
BOND NUMBER: 4392981
PREMIUM: $6,748.00
KNOW ALL MEN BY THESE PRESENTS: That the person, firm, corporation,
entity, or otherwise, named on line 2 above, without regard to gender and number,
hereinafter referred to as PRINCIPAL, and the corporation named on Line 3 above, a
corporation authorized to do business In the State of California and presently possessed
of authority under Title 6 of the United States Code to do business under Sections 6 to
13 thereof, in the aggregate amounts hereof, hereinafter referred to as SURETY, are
jointly and severally held and firmly bound unto the City of Palm Desert, a municipal
corporation of the State of California, hereinafter referred to as CITY, in the sum
mentioned on Line 6 above, for the faithful performance of that certain SUBDIVISION
IMPROVEMENT AGREEMENT between PRINCIPAL and CITY regarding the
subdivision named on Line 1 above, as required by the provision of the Subdivision Map
Act and CITY ordinances, resolutions, rules, and regulations, for the payment of which
sums well and truly to be made, PRINCIPAL and SURETY hereby bind themselves,
their heirs, administrators, executors, successors and assigns, jointly and severally,
firmly by these presents.
The condition of the foregoing obligation is such that if the said PRINCIPAL shall
faithfully perform the covenants, conditions, and agreements contained in that certain
SUBDIVISION IMPROVEMENT AGREEMENT between PRINCIPAL and CITY
regarding the subdivision named on LINE 1 of Page 1 hereof, which said agreement is
by this reference incorporated herein, on its part to be kept and performed, in a manner
and form therein specified, and shall furnish material in compliance with the
specifications and perform all that certain work and improvement in said CITY which is
more particularly described in said SUBDIVISION IMPROVEMENT AGREEMENT,
then the obligation with respect to the faithful performance is by this reference
incorporated herein.
The said SURETY, for value received, hereby stipulates and agrees that no
change, extension of time, alteration or addition to the terms of the SUBDIVISION
IMPROVEMENT AGREEMENT or to the work to be performed thereunder or the
specifications accompanying the same shall in anywise affect its obligations on this
bond, and it does hereby waive notice of any such change, extension of time, alteration
or addition to the terms of the SUBDIVISION IMPROVEMENT AGREEMENT, the work,
the specifications or any feature or item of performance thereunder. In the event it
becomes necessary for CITY to bring an action to enforce this bond, SURETY shall pay
CITY's reasonable attorney's fees and court costs in connection therewith.
IN WITNESS WHEREOF, PRINCIPAL and SURETY have executed this
Instrument on the date mentioned on Line 4 of Page 1 hereof.
Date: April 7, 2014
PEARWOOD VENTURES LLC
///*/i ,
PR lPAL IGNATURE
PRINT NAME
TITLE &`COMPANY NAME
PRINCIPAL'S SIGNATURE
PRINT NAME
TITLE & COMPANY NAME
SureTec Insurance Company
Surety Company
SURETY'S SIGNAT
Stephanie Hoang, ttom -in-Fact
(Notarial acknowledgement of execution by ALL PRINCIPALS and SURETY must be attached )
CALIFORNIA• •
State of California
County of ran e
On �ll� before me, Barbara Copeland, Notary Public
iW' -�- Da��e�- �IrrN and d914 offiew
personally appeared H 29 es) s W- oang
Nam
BARBARA COPELAND
Commission # 2016348
Notary Public - CalNornis
Orange County
16mycomm.l! Zas r 19, 2017
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
-Wshe/they executed the same in+ lher/tl W authorized
capacity(!"), and that by-hWher/tImir signatures} on the
instrument the person(s), 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 and and official seal.
Signature
PWM Nduy Seat AW" somft a d, Pubk
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capeclty(ies) Claimed by Signers)
Signer's Name: Stephanie Hoang
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Umited ❑ General
X Attorney in Fact
Tap of 0xanb hero
❑ Trustee
O Guardian or Conservator
❑ Other:
Signer Is Representing:
u
Number of Pages:
Signers Name:
O Individual
❑ Corporate Officer — Title(s):
O Partner — ❑ Umited ❑ General
❑ Attorney in Fact rop ofthume Here
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
0200r Naemrl Notary Avorirbn • D360 D• solo Aw, Po.6a 2402-Chaftow 4 CA 01913-2402-wwwNOW4* btryap Oan MW %0d01.0d Td 1W ta0oa7"W
POA a: 510006
SureTec Insurance Company
LIMITED POWER OF ATTORNEY
Know AU Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents
make, constitute and appoint
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attomey-in-fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney -in -Fact may do in the
premises. Said appointment shall continue in force until 10r31/2015 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved, that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 2e ojApril,
1999.)
.In Withes: Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affxed this 21 st day of March, A.D. 2013.
SURETEC INSURANCE COMPANY
01P
B y:
John oz Jrresident
State of Texasss:County ofHarris
On this 21st day of March, A.D. 2013 before me personally came John Knox Jr., to me known, who, being by me duly sworn, did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument; that he knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company; and that he signed his name thereto by like order.
JACOUELYN MALDONADO
Notary Pubic fwl( r.
state of Tams
My Comm. Exp.5/18/2017 Jacq elyn Maldonado, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect.
Given under my band and the seal of said Company at Houston, Texas this day of ' `�Vl��y—, A.D.
. Breift Beaty; Assistant Secretary
Any instrument Issued In excess of the penalty stated above Is totally void and without any validity.
For verification of the authority of this power you may call (713) 812.0800 any business day between 8:00 am and 5:00 pm CST.
CALIFORNIA•ACKNOWLEDGMENT
h .o y .n _n _n _ �..n .•> .•. _n .n _r, .., .m _n _•:..n _n..o .o _o .n .�, _tn _n _n _n _n •, _�, .o, n _•, �, •,. n _a. �.. •>. e . •, _•. .>
State of California
County of Riverside
On I& l 4 before me, Linda Rocha, Notary Public
Date r Here Insertan Name d 711b of the Officer
personally appeared (Zr'f Che if *n Name(s) of Somr(s)
who proved to me on the basis of satisfactory evidence to
be the person(s) whose name(s) Ware 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
6 "' R 56 " instrument the person(s), or the entity upon behalf of
Commission # 1958006 which the person(s) acted, executed the instrument.
i 'a Notary Public - California z
z„ Riverside County D
My Comm. Expires Nov 20, 2115 I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is
true and correct.
WITNESS y d and Veal.
It
Signa re
Place Notary Seat Above Stgrnture of Notary Put>Iw
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
U Individual
❑ Corporate Officer — Titie(s):
O Partner — O Limited O General O Attorney in Fact . • _
• Trustee Top of thumb here
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Signer's Name:
❑ Individual
D Corporate Officer — Title(s):
❑ Partner — O Limited O General
❑ Attorney in Fact
O Trustee
O Guardian or Conservator
❑ Other:
Signer Is Representing:
RIGHT THUMBPRINT
OF SIGNER
?n,f nt
02007 National Notary Assodadon • 9350 De Sow Ave., P.O. Box 2402 •ChwMwortt.CA Y1313-2402•www.Nobwm RJatbryorg Item M5B07 Reorder:rd 7b1H`m 1-e0Pa788e27
CITY OF PALM DESERT
STANDARD FORM
SUBDIVISION
PAYMENT BOND
(LABOR & MATERIALS)
NAME OF SUBDIVISION: ENCORE PALM DESERT -tje,3CoSS4'
NAME OF SUBDIVIDER: PEARWOOD VENTURES LLC
NAME OF SURETY: SureTec insurance Company
EFFECTIVE DATE: April 7, 2014
AMOUNT OF BOND: $166,187.80
BOND NUMBER: 4392981
PREMIUM: $6.748.00
KNOW ALL MEN BY THESE PRESENTS: That the person, firm,
corporation, entity or otherwise, named on Line 2 of Page 1 hereof without regard
to gender and number, hereinafter referred to as PRINCIPAL; and the
corporation named on Line 3 of Page 1 hereof, a corporation authorized to do
business in the State of California and presently possessed of authority under
Title 6 of the United States Code to do business under Section 6 to 13 thereof in
the aggregate amounts hereof, hereinafter referred to as SURETY; are jointly
and severely held and firmly bound unto and all materialmen, persons,
companies or corporations furnishing materials, provisions, provender or other
supplies used, in, upon, for or about the performance of the work contracted to
be executed or performed under the terms of that certain SUBDIVISION
IMPROVEMENT AGREEMENT hereinafter mentioned and all persons,
companies or corporations renting or hiring teams or implements, or machinery,
for contributing to said work to be done, all persons who performed work or labor
upon the same, and all persons who supply both work and materials, and whose
claim has not been paid by PRINCIPAL in the just and full sum mentioned on
Line 5 of Page 1 hereof for the payment whereof, well and truly to be made, said
PRINCIPAL and SURETY bind themselves, their heirs, administrators,
successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THE OBLIGATION is such that whereas the above -
bounden PRINCIPAL has entered into a SUBDIVISION IMPROVEMENT
AGREEMENT with the City of Palm Desert, a municipal corporation of the State
of California, hereinafter referred to as CITY, for the construction of public
improvements in the subdivision named on Line 1 of Page 1 hereof, which said
SUBDIVISION IMPROVEMENT AGREEMENT is by this reference incorporated
herein:
NOW, THEREFORE, if the above -bounden PRINCIPAL, contractor,
person, company or corporation, or his or its subcontractor or subcontractors,
fails to pay for any materials, provisions, provender, or the supplies, or teams
used in, upon, for, or about the performance of the work contracted to be done,
or for any work or labor done thereon of any kind, or for amounts due under the
Unemployment Insurance Act with respect to such work for labor, SURETY on
this bond will pay the same, in an amount not exceeding the sum specified in this
bond, and also, in case suit is brought on this bond, a reasonable attorney's fee
which shall be awarded by the court to the prevailing party in said suit, said
attorney's fee to be taxed as costs in said suit and to be included in the judgment
therein rendered.
This bond is executed and filed to comply with the provisions of the
Subdivision Map Act; and all CITY ordinances, resolutions, rules and regulations
supplemental thereto; and all amendments thereto; and shall inure to the benefit
of any and all materialmen, persons, companies or corporations entitled to file
claims under and by virtue of the provisions thereof.
IN WITNESS WHEREOF, PRINCIPAL AND SURETY have executed this
instrument the date mentioned on Line 4 of Page 1 hereof.
Date: April 7, 2014
PEARWO DT71TYRES LLC
By:.
PRI
S SIGNATURE PRINCIPAL'S SIGNATURE
S SItlri CG-e1 1 .1
PRINT NAME PRINT NAME
TITLE &tOMPANY NAME
TITLE & COMPANY NAME
SureTec Insurance Company
Surety Company
SURETY'S SIGNA
Stephanie Hoang, Attor y-in-Fact
(Notarial acknowledgement of execution by ALL PRINCIPALS and S ETY st be attached.)
CALIFORNIAALL-PURPOSE• 1 f
State of California
County of Oran e
On 1 before me, Barbara Cl,opeandNotary Public
Im.n end a —
personally appeared Stephanie Hoang
Nw•� a T
BARBARA COPELAND
Commission N 201691E
Notary Public • California
Orange County r
Comm. Expires r 19, 2017
who proved to me on the basis of satisfactory evidence to
be the person(e) whose name(s) is/are subscribed to the
within instrument and acknowledged to me that
+e/she/they executed the same In-Hs/herAheir authorized
capacity(iss), and that by+hstherffieir signatures} 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.
t� �� Sal Aeor. Signature -
stgrwowe o ery PLOC
OPTIONAL
Though the Information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(tes) Claimed by Signer(s)
Signer's Name: Stephanie Hoang
❑ Individual
O Corporate Officer -- Titie(s):
O Partner — ❑ Umited ❑ General
DO Attorney In Fact
❑ Trustee Top of thumb hers
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
u
Number of Pages:
Signer's Name:
O Individual
O Corporate Officer — Tltie(s):
O Partner — ❑ Umited ❑ General
O Attorney in Fact Top of thumb hers
O Trustee
O Guardian or Conservator
O Other:
Signer Is Representing:
CM"14sonWMftyAao"On•991oaSob An..Vo.em24M-0wWmrV%CA9131324M-wwwNdbrwoWywg r•n•3907 PW=ft;c+TdM%w1a0o-475MV
POA a: 510006
SureTec Insurance Company
LIMITED POWER OF ATTORNEY
Show All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Hams County, Texas, does by these presents
make, constitute and appoint
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attorney -in -fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 001100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney -in -Fact may do in the
premises. Said appointment shall continue in force until 10131n015 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved, that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attorneys) -in -Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 2e of April,
1999)
In Wime^s Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21 st day of March, A.D. 2013.
S�aAN�F SURETEC INSURANCE COMPANY
By:
��w 5 John o=Jr: resident
Stbie of Texas ss: 9N .• 1 , Y
Cow!ty of Hams
On this 21 st day of March, A.D. 2013 before me personally came John Knox Jr., to me known, who, being by me duly sworn, did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument; that he knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company; and that he signed his name thereto by like order.
JACOUELYN MALDONADO
Notary Public
state o1 Tens
My comm. Exp. 511812o17 Jacq elyn Maldonado, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect.
Given under my hand and the seal of said Company at Houston, Texas this �_ day of Y ZV I �I , A.D.
Bre t Beaty, Assistant gecretary
Any Instrument Issued In excess of the penalty stated above Is totally void and without any validity.
For verification of the authority of this power you may call (713) 812-0800 any business day between 8:00 am and 6:00 pm CST.
CALIFORNIA•ACKNOWLEDGMENT
State of California
County of Riverside
On y before me, Linda Rocha t Notary Public
Date , _ • Here hud Name " TMe ol the Ofter
personally appeared
---•a+
LINDA IZ CHA
Commission a 1958006
s =s
Notary Public - California z
i
Riverside County
My Comm. Expires 'joy 20. 2015
Place Notary Seal Above
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 a dan(i offi
Signat e Q
01 Notary Pub•c
OPTIONAL
Though the information below Is not required by few, It may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
❑ Individual
❑ Corporate Officer — Title(s): —
Partner — ❑ Limited L General
i_, Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer is Representing:
FIGHT tHLt:lfif�;�fN(
OF SIGNER
I
Number of Pages:
Signer's Name:
❑ Individual
❑ Corporate Officer — Title(s): _
❑ Partner — ❑ Umited ❑ General
❑ Attorney In Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
RIC1sT THUV8M)INT
OF S:GNEF
02007Nato" Notary Association • •350 De 800 Awl., P.0.8ar 2402 •ChBlvim .CA 91313.2402•wwwAdbnallotwy.org hern e51107 Ra0rtWCa0TWFne l-e068704=
MAINTENANCE BOND
BON D NO.: 4392981 M
Premium included in Performance Bond
KNOW ALL MEN BY THESE PRESENTS:
THAT we, Pearwood Ventures LLC , as Principal,
and SureTec Insurance Company a corporation organized and doing business under
and by virtue of the laws of the State of Texas and duly licensed to conduct 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 thirty one thousand two hundred thirty eight & 00/100
($ 31,238.00 ) 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 entered into an agreement or agreements with said Obligee to:
Subdivision Map of Tract No. 36554
WHEREAS, said agreement provided that Principal shall guarantee replacement and repair of improvements as described
therein for a period of one year following final acceptance of said improvements;
NOW, THEREFORE, if the above Principal shall indemnity the Obligee for all loss that Obligee may sustain by reason
of any detective materials or workmanship which become apparent during the period of one year from and after acceptance
of the said improvements by Obligee, then this obligation shall be void; otherwise to remain in full force and effect.
IN WITNESS WIIEREOF, 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 Attomey-in-Fact
this 23rd
Pearwood Ventuks AC
day of June _ 2015
YEAR
Principal
r
Cat►;
SureTec Insurance Company
BY:
Fac:
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached and not the truthfulness, accuracy, or validity of that document.
State of California
County of Orange )
On U l P31 1 S before me, V. Copeland Notary Public,
personally appeared Stephanie Hoang
Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name($) is/are subscribed to the
within instrument and acknowledged to me that he/she/they executed the same in his/her/dxir authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(&), or the entity upon behalf of
which the person(s) acted, executed the instrument.
V. COPELAND
Commission # 2046542
i ;.-s Notary Public - California i
Z Orange County
My Comm. Expires Oct 24, 2017
Place Votary Seal ,above
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:
� A
Si iature ofVotary Public
_��_---__----_-----_ OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could present fraudulent and reattachment of this form to another document.
Description of Attached Document
Type or Title of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Stephanie Hoang
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
® Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Capacity(ies) Claimed by Signer(s)
Signers Name:
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Rev. 1-15
TRACT 36554
Legend
— Circulation Network Streets
City Boundary ❑ Parcels (04/2015)
2013 M Red Band-1
Green: Band-2 Blue: Band-3
1: 1,388
Notes
TRACT 36554
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to Green Bana-2
Legend
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❑ Parcels (0412015)
. ReO Bana-I
■ Brue Bana_3
1 1,388 Q
Notes
POA #: 510006
SureTec Insurance Company
LIMITED POWER OF ATTORNEY
Know Al! Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents
make, constitute and appoint
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attorney -in -fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney -in -Fact may do in the
premises. Said appointment shall continue in force until 10/31/2015 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved, that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attorney -in -Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 20'* of April,
1999)
In WiZuess Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21 st day of March, A.D. 2013.
T.yN
cSURETEC INSURANCE COMPANY
YQq 0 By:
John of Jr. resident
State of Texas s,: 7N,`
Count} of linnis
On tris 21st day cf lvlarch, A.D. 2013 before me personally came John Knox Jr., to me (mown, who, being by me duly sworn, did depose and say, that he
reside:, in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrumcut; that be knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company; and that he signed his name thereto by like order
�.✓"y� JACOUELYN MALDONADO
Notary Pubhc
State of Texas
My Comm. Exp. 5/18/2017 Jacq elyn Maldonado, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect.
3rd
Given under my hand and the seal of said Company at Houston, Texas this P- day of U�� , A.D.
. Bredt Beaty, Assistant Secretary
Any instrument issued in excess of the penalty stated above Is totally void and without any validity.
For verification of the authority of this power you may call (713) 812-0800 any business day between 8:00 am and 5:00 pm CST.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189
:�st.a�:!,.C.:�:.c�•.�.:.s�... a.0 :�•� ... < . •/'t •.s�• .:.:. s..!a�.•.: C.:�K:.,(::CC:�t<:�.i::,l:;K:�.i.:.(:�:.:�.�c�<(:�,• C �.i:�,• <i: C..�,•.
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California )
County of
On da a Z y 1 v i S before me, 40A t <(. e4g yr . Y1 vT&a5! _L&RL"L
Date Here Insert Name and Title of the Officer
personally appeared , S age- X_ 1r2
Name of SigneX
who proved to me on the basis of satisfactory evidence to be the person�4 whose nameK is/4P6
subscribed to the within instrument and acknowledged to me that he/sp(e/tl* executed the same in
his/h,aMh@fr authorized capacity(io, and that by his/Vr/tl6ir signature(,a') on the instrument the perso�0,
or the entity upon behalf of which the person(,, 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.
LORI J. CABOT
t Commission #F 20OU73 Signature
= Notary Pubk - CaWomia g
Awalft Cwnty Sig ature of Notary Public
Comm. No Oct" 2018
Place Notary Seal Above
OPTIONAL
Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document:�R&ja AV3pz ?Clnl Document Date:
Number of Pages: _Z Signer(s) Other Than Named Above:
Capacity(ied) Claimed by Signer�s�
Signer's Name:
Corporate Officer — Title(s):
Partner — Limited General
Individual Attorney in Fact
Trustee Guardian or Conservator
Other:
Signer Is Representing:
Signer's Name:
Corporate Officer — Title(s):
Partner — Limited General
Individual Attorney in Fact
Trustee Guardian or Conservator
Other:
Signer Is Representing:
02014 National Notary Association - www.NationalNotary.org - 1-800-US NOTARY (1-800-876-6827) Item #5907