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HomeMy WebLinkAboutRelease Bond - TM31363 - Lomas de Arena, LP CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT .� � REQUEST: Release Performance Bond for Tract Map 31363 0 � SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works � � � a� APPLICANT: Lomas de Arena, L.P. U 18802 Bardeen Avenue c� j � Irvine, CA 92612 �; � ..� .� BOND NUMBER.: SU5017320 � � � Arch Insurance Company z � �-' � — •3 135 N. Robles Avenue, Suite 825 � Pasadena, CA 91101 U r � DAT • ,�� i-:-�.� eJ w E. December 11, 2008 ! 7 �. I .. � � �:`, � � �+ � �:w �� Ct1 O CONTENTS: Agreement and Performance Bond o � �� ;� � o ., � r.,, Vicinity Map � � � :� Ey H H � � � � w� � t✓`tW � H �b� � �".� ;a-: � t63 C� •r-1 Recommendation: ���__;�; r�; � ,°� � � p By Minute Motion, authorize the City Clerk to release the Performance Bond for Tract Map 31363. Discussion: At the time of permit issuance, Lomas de Arena, L.P. submitted a Performance Bond for grading and offsite improvements. All improvements have been satisfactorily completed at this time. A maintenance bond is not required because the projecYs improvements have been completed for over a year and we have held the surety to date. Therefore, staff recommends that City Council accept the work as complete, and release the corresponding PerFormance Bond. Prepared By: ,��rU� Dep Head: /� � � �,�i��i n� l;Cw�.Ct�� � Christina Canales Mark Gree wood, P.E. Assistant Engineer Director of Public Works Approv ' . �, �. �� , Homer Croy Carlos L. Orte ACM for Develc�ment Services City Manager /cc �� CI � Y � � Pfll �l D � S � +R1 ��� s .�{ ,� 73-510 FRED WARIhIG DRIVE �, ' � 5 PALM DESERT, CALiFORNIA 92260—�57H � :� ^ TEL: �60 346—o6�c �� J � FA�c: 76o 340-0574 ���+� info@paEm-desert.org -::'� rt.".z��. �� August 17, 2006 �=�W� `�'� ,-, �.� .: a �., ��� �, � t--� . ���-.: �, f,-t gy�_m -m... m � � Lamas De Arena, LP '�� � 4_� w�:: 18825 Bardeen Avenue ' ;-_, Irvine, Califarnia 92612 . Dear Sir or Madam: Subject: Tract Map No. 313fi3 -Subdivision Improvement Agreement At its regular meeting of June 22, 2006, fii�e Palm Desert City Council adopted Resolution No. 08-94 approving the Subdivision Improvement Agreement for Tract Map No. 31363 and authorizing the Mayor to execute same. Enclosed far your records is a fully executed copy of the subjec#agreement. If yau have any questions or require any additional information, please do not hesitate to contact us. Sincerely, - RACHELL.E D. KLASSEN, CMC � CITY CLERK RDK:mgm Enclos���e (as nated) cc. V .R. Page Garner, Senior Engineer/City Surveyor _..�..___..._...__._.. � _ ( . � ,Y ' { � SUBDIVISION IMPROVEMENT AGREEMENT DATE OF AGREEMENT: SGP�E'~�aE2 2� , 20 aS. NAME OF SUBDfVID�R: ��M A s 7�E A+�� , 1-.P, {referred to as "SUBDIVIDER"). ` NAME OF SUBDNISION: £NC��v E Ga��aw.iN+u�s No. of Lots: �- (referred to as "SUBDIVISION"). TENTATIVE MAP RESOLUTION OF APPROVAE. NO.: °y�2� (TM No:31_, 363} �referred to as "Resolution of Approval") IMPROVEMENT PLANS APPR�VED ON: ���+^� A��'R-�Y^L sr'�-1. ��''��N�• (referred to as"Improvement Plans"}. ESTIMATED TOTAL COST OF IMPROVEMENTS:$ �(a�, Z�'L � �a ESTIMATED TOTAL COST 4F MONUMENTATION: � ?� ��• � SURETY: BOND NOS: S U Sb I'�3 2 p SURETY: A�tc�t �Nsva�Nc� cc�w..pA.�y -4R- �! IRREVOCABLE STAND-BY LETTER OF CREDIT NO. ^�'`� FlNANCIAL INSTITUTION: - -OR- CASH/CERTIFICATE OF DEPOSIT, AGREEMENT DATED: ^�� FINANCIAL fNSTiTUTION: � This Agreement is made and entered into by and between the City af Palm Desert,a municipal corporation of the State of California, hereinafter referred to as"CITY", and the SUBDIVIDER. RECITALS RMPUB�DJEU597 i � ! „ A. SUBDIVID�R has presented to CITY for approval and recordation, a final subdivision map of a proposed SUBDIVISIUN pursuant to provisions of the Subdivisian Map Act of the State of California and the CITY's ordinances and regulations relating to the filing, approval and recordation af subdivision maps. The Subdivision Map Act and the ClTY's ordinances and regulations relating to the filing, approval and recordation of subdivision maps are coliectively referred to in this Agreement as the"Subdivision Laws". B. A tentative ma�Z of tha SUBDIVfSION has been appraved, subject ta the Subdivision Laws and to the requirements and conditions contained in the Resolutian of Approval. The Resolution of Approval is en 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 cornplied with the Resolution ofApproval and must have either(a)completed, in compliance with CITY standards, ail of the improvements and land development work required by the Subdivision Laws or tt�e Resolu�ion of Approval or (b) have entered inta 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 approvaf of a finaE 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 awn expense, all the pub(ic improvement work required �y CITY in connection with the praposed SUBDIVISION_ SUBDIVIDER has secured this Agreement by improvement security required by the Subdivision Laws and approved by the City Attorney. RMPU8IDJE\1597 -2_ - E. Camplete Improvement Plans for the construction, ir�stallatian, and completion ofthe improvements have been prepared by SUBDIVIDER and approved bythe City Engineer. The Improvement Plans numbered as referenced previously in this Agreement are on file in the Offir.e 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 constructian of the public improvements and perfarming land development work in connection with the impravements according to the Impravement 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 Improvemenfi 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 fina[ map are to be completed prior to final farmal acceptance by the City Council. Individual property monuments must be installed within one year from the formal final Council acceptance of said SUBDIVISlON. � l. SU BDIVI DER recognizes that by approval of the final map for SUBDIVISION, CITY has conferred substantiaE rights upon SUBDIVIDER, including#he right#o sell, lease, or f nance iots 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#o commence construction of ine improvements by the time sstablished in this xmcrus�rE�is� _�_ _ • r Agreement. CITY shall be entitled to all remedies available to it pursuant to this Agreement and law in the event of a default by SUBDIVfDER. It is specifrcally recognized that the determination of whether a reversion to acreage or rescission of the SUBDIVISION constitutes an ades�uate remedy for default by the SUBDIVIDER shall be within the sole discretian of CITY. NOW, THEREFORE, in consideration of the approval and recardation by the City Council of the final map of th� SUBDIVISION, SUBDIVIDER and CITY agree as follows: (1) SUBDIVIDER's Oblipation to Construct Improvements. SUBDIVIDER shall: (a) Comply with all the requirements of the Resolution of Approval, and any amendments thereto, and wi�the provisions of the Subdivision Laws. {b) Complete at SUBDIVIDER's awn 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 af this Agreement; provided however,that the improvements shall not be deemed to be completed unfil accepted by City Council as � provided in Section (17} herein. (c} Fumish the necessary materials for completion of the public improvements in conformity with #he Impravemen# Plans. (d) Acquire, or pay#he cost of acquisition by CITY, and dedicate aFl 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 encumbranc�s. The SUBDlVIDER's obligations with regard to acquisition by CfTY 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 shal!also be responsible for pbtaining any RMPUBIDJE\1597 -4- _ public or private sanitary sewer, domestic water, drainage, and/or u#ility easements or autho�izatian to accommodate the SUBDIVISIQN. {e) Commence construction of the improvements by the time established in Section(22}of this Agreement and complete the improvements by fihe deadline stated in Secfion (1)(b) above, unless a time extension is granted by the CITY as authorized in Section (22). (fl Install aff SUBDIVISION public improvement monuments requi�ed by law and prior to formal final acceptance of the public improvements by CITY. individual property monuments shal( be installed within one year of said acceptance. (g) Instali street name signs conforming to CfTY s#andards. Permanent street name signs shall be installed before acceptance of the impravements by CITY. (2) Acquisition and Dedication of Easemet�ts or Rights-of-Way. If any of the public improvement and land use development wark contemplated by this Agreement is to be constructed or installed on land not awned by CfTY 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 autharization from the proPerty owner to allow constructian or installation of the impravements or work, or (b) The dedication to, and acceptance by, CITY of appropriate rights-of way, easements or other interests in real properiy, 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. �uB����s9� -5- Nothing in this Sectian(2)shall be canstrued as authorizing or granting an extension af time to SUBDIVIDER. (3) Securit . SUBDIVIDER shall at all times guarantee SUBDIVlDER's pertormance 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 faithfui performance of this Agreement in regard to said improvements in an amount of 10Q% of the estimated cost of the improvements; and (b) to secure payment to any contractor, subcontractor, persons renting equipment, ar furnishing labor and materials for the improvements required to be constructed and instalied pursuant to this Agreement in the additional amount of 50%of the estimated cost of the improvements; and (c) to guarantee or warranty the wark done pursuant to this Agreement for a period of one year following acceptance fhereof by CITY against any defecti�e work or Eabor done or defective materials furnished in the additianal amount of 10% of the • estimated cost of the improvements; and (d) SUBDIVI DER shall also furnish to CITY good and sufficient security in the amounfi of one hundred percent(100%)of the estimated cost of setting SUBDIVIStON monuments as stafied previously in this Agreement in Secti�n(1)(fl for a period of one year plus thirty (30) days from formal acceptance by the City Council. The securities required by fihis Agreement shall be kept on file with the City Clerk. The terms of the securiry documen#s referenced on page 1 of this Agreement are incorporated into this Agreemenf by this reference. If any security is replaced by anofher a�us�.r�is9� _6_ approved security, the replacement shall: 1)comply with all the�equirements for security in this Agreement;2) be provided to the City Engineer to be fifed with the City Clerk and, upon filing, 3} shall be deemed to have been made a part of and incorpora#ed 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, afterations 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 nat relieve the improvement security given for fai#hful performance of this Agreement. !n #he event such changes, alterations, or additions exceed 10% of the ariginal estimated cast of the improvement, SUBDIVIDER shall provide imprav�ment security for faithful perfarmance as required by Section(3)of this Agreement for one hundred percent{100%)of the total estimated cost of the imArovemen#s as changed, altered, or amended, minus any completed partial releases aflowed by Section (6) of this Agreement. � (b} The SUB�IVIDER shall construct the improvements in accordance with CITY s#andards in effect at the time of adopfion of the ResoEution of Approval. CITY reserves the right to modify the standards applicable to the SUBDIVISION ancE this Agreement, when necessary to protect the public safety or welfare or comply with applicable state or federai kaw or CITY zoning ordinances. If SUBDIVIDER requests and is granted an extension of time for comp�etion of the improvements, CITY may apply the standards in effect at the time of#he extension. RMPUBID.{E\I597 -'�- .. (5) Inspection. SUBDIVIDER shall a#all times maintain prop.erfacili6es 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, SUBDIVlDER may request a final inspection by the City Engineer, or the City Engineer's authorized representative. If the City Engirteer, or the designated representative, determines that the work has been completed in accordance with this Agreement, then the City Engineer shall ce�tify the completion of the public improvements to the City Council. No improvements shall be finally accepted by the City Council unless afl aspects of the work have been inspected and campleted in accordance with#he Improvement Plans. When applicable law requires an inspection to be made by City at a particufar sfage of the work of canstructing and installing such improvements, C(TY shall be given timely notice of SUBDIVIDER's readiness for such inspection and SUBDIVIDER shall nat proceed with additional work until the inspectian has been made and the work approved. SUBDIVIDER shall bear afl costs of inspection and certifcation. No improvements shall be deemed comp{eted 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 fo{IowiRg: (a) Security given for faithful perforrnance of any act, obligation, work or agreement sha[I be released upon the final completion and acceptance of the act or work, subject#o the pravisions of subsection {b} hereof. (b) The City Engineer may release a par�ion of the securi#y given for faithful pertormance of improvement work as the impravement 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 totaf improvement security given far TLMPUBWJH11597 _8_ faithfui performance of ti�e 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 fina! compfetion and acceptance of the improvement work. In no event shafl the City Engineer autharize a refease of the improvement security which would reduce such security to an amount beiow that required to guarantee the completion of the impravement work and any o�her obfigation imposed by this Agreement. (c} Security•given to secure payment to the contractor, his or her subcontractors and ta persans iurnishing labor, materials ar equipment shall, at six (6) months after completion and acceptance of the work, be reduced to an amount equal to no iess than 125% of the total claimed by all claimants for wham liens have been filed and of which notice has been given to the CITY, pius 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#he security shall be released upon the settlement of all claims and obligations far 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 fled during the warranty period have been settled. As provided in Section {10), the warranty period shall not commence until farmal final acceptance of aii the work and improvements by the City Council. (e) CITY may refiain from any security released, an amount suffrcient to cover costs and reasonable expenses and #ees, including reasonable attorneys' fees. (7) Iniu�v to PubEic Impravements. Pubfic Property or Public Utilities Facilities. SUBDIVIDER shall replace or repair or have replaced or repaired, as the case may be, al! pubfic improvements, public utilities facili#ies and surveying or subdivision monuments RMPUB�DJE�1597 -9- which are destroyed or damaged as a result of any work under this Agreement. SUBDIVIDER st�all bear the entire cost of replacement or repairs of any and all public or public utility property damaged ar des#royed by reason of any work done under this Agreement,whethEr such property is owned by the United States or any agency thereof,or the Sta#e 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#o the satisfaction, and subject to the approval, of the City Engineer. (8) Permits. SUBDIVlDER shall, at SUBDIVIDER's expense, obtain all necessary permits and licer�ses for the consfiruction and installation of the improvements, give all necessary notices and pay all fees and taxes required by law. (9) Defauit of SUBDIVIDER. (a} Default of SUBDIVIDER shall include, but not be limited to, {1) SUBDIVfDER's failure to timely commence construction of this Agreement; (2) SUBDfVIDER's failure to timely complete ca�struction of the � � improvements; (3} SUBDIVIDER's failure to tfinely cure any defect in the improvements; (4)SUBDIVID�R's failure to perform substantial construction work for a period of twenty (20) calendar days after commencement of the work; (5) SUBDIVIDER's insolvency, appointmentofa receiver,orthe filing of any petition in bankruptcy either valuntary or involuntary which SUBDIVIDER fails to discharge within thirty (30} days; RMPUB�D]E11597 -10- (6) the commencemen# 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 perfarm any other obligation under this Agreement. (b) CITY reserves to itself all remedies avai(able to i#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 def�uft by SUBDiV1DER. The right of CITY to draw�pon or utilize the security is additional to and nat in fieu of any other remedy available to CITY. It is specifically recognized that the estimated costs and security amounts may not reflect the actuai cost of construction or installation of the improvements and, therefore, CITY's damages for SUBDIVIDER's default shal! 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 pubiic improvements in accordance with the improvement • plans and specifications contained herein. In the event of SUBDIVIDER's default under this Agreement, SUBOIVIDER au#horizes CITY fia pertorm stach obliga#ion 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 methad CITY may deem advisable, for the account and at the expense of SUBDIVfDER, and SUBDIVIDER's surety shall be liable to CITY for any excess cost or damages occasioned CITY thereby. In such event, CITY,without iiability for so doing,may �ruB�n,e�is9� _1�- . . ; .. take possession of, and utilize in completing the work, such materials, appliances, plants and othe� properiy b�longing to SUBDlVlDER as may be on the site of the work and necessary for performance of the work. (c} Failure of SUBDIVID�R 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 approva[ 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 avaiiabfe to CfTY. SUBDIVIDER agrees that the choice of remedy or remedies for SUBDIVIDER's breach shall be in the discre#ion of CITY. (d) In the event that SUBDIVIDER fails to pertorm any obliga#ion hereunder, SUBDIVlDER agrees to pay all costs and expenses incurred by CITY in securing pertormance 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 cons#rued as a waiver of that default or breach � or any subsequent default or breach of SUBDIVIDER. ('!0) Warran . SU BDlVIDER shafl guarantee or warranty the work done pursuant ta this Agreemen# for a period of one year after fnal forrnal acceptance of the SUBDIVISION by the City Council against any defective work or labor done or defective materials furnished. If wi#hin 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 requiremen�s 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 �rvswrE�is9� _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 defauit to SUBDIVIDER and ta SUBDIVIDER's surety, and agrees to pay the cost of such work by CITY. Should CITY determine that an urgency requires repairs or replacements ta be made before SUBDIVIDER can he notified, CITY may, in its sole discretion, make the necessary repairs or replacement ar pertorm th�necessary wark 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 s�bcontractors are or shall be considered to be agents of CITY in connection with the perfarmance of SUBDIVIDER'S obfigations under this Agreement. (12) Injury to Work. Untif 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 ar instailed. Until such time as a11 impravements required by this Agreement � are fully campleted and accepted by CITY, SUBDIVIDER will be responsible for the care, maintenance of, and any damage to such improvements. CIT`( shall not, nor shall any officer or employee thereaf, be liable or responsible for any accident, loss or damage, regard�ess of cause, happening or occurring to the work or improvements specified in this Agreement prior to the completion and accep#ance of the work or improvements. All such risks shall be the responsibility of and are hereby assumed by SUBDIVIDER. (13) Environmental Warrantv. Prior to the acceptance of any dedications or improvements by CITY, SUBDIVI DER shall certify and warrant that neifher the property ta be dedicated nor SUBDIVIDER is in vialation of any environmental law and neither the RMPUB�D)E\1597 -]_3- - property fo be dedicated nor the SUBDIVIDER is subject to`' any existing, pending or threatened investigation by any federal, state or locaf 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 hazardaus substance except in compliance with all applicable environmental iaws. SUBDIVI�ER has nat caused or permitted the release of, and has no knowledge of the release or presence of, any hazardous substance on the properiy to be dedicafed or the migration of any hazardous substance from or to any other praperty 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 or to 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 prope►ty to be dedicated relating to any loss or injury resulting from any hazardous substance; and, (c) SUBDIVIDER's discovery of any occurrence or conditian on any property adtoining in the vicinity of the property to be dedicated that could cause the properfiy to be dedicated or any part thereof to be subject to any restrictions on its awnership, occupancy, use for the purpose for which is it is intended,transferability or suit under any environmental law. tu�must�.r��is9� —14— - (14) OtherAqreements. Nothing contained in#his Agreement shall preclude CITY from expending monies pursuant to agreements concurrently or previously executed between the par#ies, or from entering into agreements with other subdividers for the apportionment of costs af 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•Obligatian to Warn Public Durinq Construction. Until formal final acceptance ofthe improvements,SUBDIVlDER shall give good and adequatewaming to fihe 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) Vesfiing of Ownership. Upon formaf 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) F'inal Acceptance of Work. Acceptance of the work on behalf of CETY shall be made by the City Council upon recommendation of the City�ngineer after finak 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 campleted, as provided in Section (6). Such acceptance shall not constitute a waiver of defects by CITY. (18) Indemnitv/Hold Harmless. CITY or any officer or employee thereof shall not be liable for any injury to persons or praperty occasioned by reason of the acts or omissions of SUBDIVIDER, its agents, or employees,contractors and subcontractors in the pertormance of this Agreement.SUBDIV{DER further agrees to protect, defend, indemnify and hofd harmless CITY, its officials, boards and cammissions, and members thereof, RMPUBIDJE\1597 -1 cJ- agents and employees from any and all claims, demands, causes af action, liability or loss of any sort, because of, or arising out of, acts or omissions of SUBDIV(DER, its agents, employees, contractors and subcontractoFs in the performance of this Agreement, except for such claims, demands, causes of ac#ion, liability, or loss arising out of the sole ac6ve negligence of the CiTY, its officials, boards, commissions, the members thereof, agents, and empioyees, including ali claims, demands, causes of action, liability, or loss because of, or arising out of, in whale or in part, the design or canstruction of the improvements. This indemnification and agreement to hold harmless shafl sxtend to injuries fo 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 ofthe diversion ofwaters fram the design and construction o# public drainage systems, streets and other public improvements. Acceptance by CITY of the improvements shall not constitute an assumption by CiTY of any responsibifity for any damage or taking covered by this Section. CITY shall not be responsible for the design or construction of the properly 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 over written objectifln by SUBDIVIDER submitted to the City Engineer before approval ofthe 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 condifiion caused by the design or construction defect; however, SUBDIVED�R shafl not be responsible for routine RMPUB\DJEU597 -16- _ maintenance. Provisions of this Sectian shall remain in full force and effect for ten (10) years fallowing#he acceptance by CITY of the improvements. It is the intent of this Section that SUBD1VfDER shall be responsibie for all liability for design and construction of the improvements installed orwaric done pursuant to this Agreement and#hat CITY shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or inspecting any work or construc#ion. The improvement security shall not be required to cover•the provisioris of this Section. SUBDIVIDER shafl reimburse CITY for all costs and expenses {including but not limited to#ees and charges of architects,engineers, attorneys, and other professionals,and court costs) incurred by CITY in en#orcing the provisions of this Sectian. (19) Personal Nature of SUBDIVtDER'S ObEigations. All ofSUBDIVlDER's obligations under this agreement are and shall remain the personal obEigations 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 entitfed to assign its obligations under this Agreement to any transferee of all or any part o#the property � within the SUBDIVISION or to any ather third party without the exp�ess written consent of CITY. (20) Sale or Disposition of SUBDIVISION. Sefler ar other SUBDIVIDER may request a novation of this Agreemen#and a substitution of security. Upan 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 SUBDIVlDER. RMPUBIDJE11597 -�7- (21) Time of the Essence. Time is of the sssence En the pertormance of this Agreement. (22) Time #or C�mmencement of Work; Time Extensions. SUBDtVIDER shall cammence substantial construction of the improvements required by this Agreement not later than six(6) months after the da#e 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 ar periods not exceeding a#otal of two (2) additional ysars. The extension shali 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 refease 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 af work, resulting from an act of CITY,act of God, or by storm or inclement weather, strikes, boycotts or similar pofitical 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 far completian. As a condition of such extension, the City Engineer may require SUBDIVIDER to furnish new securEty guaranteeing pertormance 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 Vestinq of Ri�hts. Performance by SUBDIVIDER of this Agreement shall not be construed to vest SUBDIVf DER's rights with respect to any change in any zoning or building law or ordinance. RMPU61DJE11597 -1$- (24) Notices. All natices 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,ar,if mailed, on the date of deposit in�he United States mail. Notices shall be addressed as fallows unless a written change of address is filed with the City: Notice to CITY: City of Palm Desert 73-5'!0 Fred Waring Drive � Palm Desert, California 92260 Attn: Public Works Director Notice to SUBDIVIDER: Lom�s n� �0.c+�+1, L•r'- 1 8 zs� a n�.4��� �.�� -z�vtNE� C11 q2 �t2 No�ice ta SURETY: ��c�t s�vs�AA,.,CE co�n't PAN Y i�,s rJ. 2a s�,E s Av�.. ,st� 82s-- ��S,Ha�11, c,,� 411ot {25} Compliance With Laws. SUBDiVIDER,its agents,employees,contractors and subcontractors shall comply with a!I federal,s#ate and local laws in the performance of the improvements and land devefopment work required by this Agreement. (26) Severabilitv. The provisions of this Agreement are severable. lf any portion � of this Agreemer�t is held invalid by a cour#of competent jurisdiction, the remainder of the agreement shalf remain in full force and effect unless amended or modified by the mutual consent of the parties. (2�) Captions. The captions of this P�greement are far convenience and reference only and sha!{ not define, explain, modify, limit, exemplify, or aid in the interpretation, construction or meaning of any provisions of this Agreement. RMPUB1D3E11597 _19- (28) Litiga�on or Arbitratian. In the event that suit or arbitration is brought to enfarce the terms of#his Agreement, the prevaifing party shall be entitled to litigation costs and reasonabfe attorneys'fees. (29) Incorporation of Recitals. The recitals to this Agreement are hereby incorporated into in the terms of this Agreement. (30) Entire Aqreement. This Agreement constitutes the entire agreement of the parties with respect to the subj�ect matter. All modifications,amendments,or waivers of the terms o#this Agreement must be in writing and signed by the appropriate representatives of the parties. {31) fnterpretation. This Agreement shall be interpreted in accordance with the laws of the State of California. (32) Jurisdictian. Jurisdiction of all disputes over the terms af this Agreement shall be in the Gounty of Riverside, State of California. /// IlI � /// lll RMPUB�D1EV597 -2 O- . T ' - I ' I N W! ESS WHERE�F, this Agreement is executed by the parties as of the date hereinabove fi �erritten; by CITY, by and through i#s Mayor. C PA ESERT IVIDER V;tr� !L�' ��r 5�R�.s' Q&G� - � } 1 ��vP /J�6-l' By: B IVIDE (Proper Notarization of SUBDIVlDER's signature is required and shall be attached) - ATTEST: TY LERK APPROV S TO F�RM: CI A NEY ���� V! kQiA Aly Co, ItMFUB1DIE\F597 —21— ALL-PURPOSE ACKNOWLEDGMENT State of California ^ Counry of Dre�.�� SS. On ��I✓, �� z ,���� before me, � �t�..��(.�t`e'L'I , ►��� , (DATEI 07ARYi personally appeared � o t�P� � � �l h�,�� SIGNER(S) �rsonally lcnown to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(�}-whose name�s� is/are sabscribed to the within instz'ument and acknowledged to me that he/�hey executed the same in his/kre�r�`Hrcrr authozized fIKE TOOIEY � � Comm,p1327744 capacity(i�.s-�-, and that by his/h�ki.e.i� NOTARY PUBLIC•CALIFORNIA �) signatures(-s� on the instrument the person�), Countr ol Orange �Ny CoMm.E�pire�Nor,17,2045"' OT' t�8 entity upon behalf Of W�11Cf1 ��0 person(s� acted, executed the instrument. zoa r �'13 44 f� BUC•C ANtA u' y o-f Or e '� a�res H z�,zaoe µ VVITNESS my hand and official seal. , NOTARY'S SIGNATUR OPTIONAL INF4RMATION The information below is not requirad by law. However, it could prevent fraudulent attachment of this ac�Cnowl- edgmeat to an unauthorized document. • CAPACI7'Y CI�AIMED BY SIGNER {PRINCYPAL) DESCRIPTION OF ATTACHED DOCUMENT � INDIVIDUt�L )�ll�i S►c�,� ��J�(>J�C1L-�' � CORPORATE OFFICER �n�i(����.�. _� ITLE OR TYPE pP pOCUMENT TITLE(S) � PARTNER(S) 7' � � ATTOI2IVEY-IN-FACT NUMBER OF PAGES [� TRUSTEE(S) G ��� j (-� �✓ [� GIJARDIAN/CONSERVATOR DATE OF DOCUMENT [� OTHER: OTi-IER d d SIGNER IS REPRESENTING: RIGHT THUMBPRINT � NANIE OF PERSONISI OR ENTFI'Y(iES� OF � a STGNER � a � APA 51'99 VALLEY SiERRA, 500-362-3369 ��'�T� ` ` �.ITY QF PALM ��..�ERT ? . � � 73-510 Fred Waring Drive Palm Desert, California 92260-257$ � � y � � � T 'Ay Tel: 760 346-Ofi11 Fax: 760 341-7p98 - infoCcDoalm-desert.orp ` BONDS AND FEES SUMMARY PROJECT: _ PP 03-06 LOMAS DE ARENAS AP7S. (SARES REGIS) DATE: September 7, 2005 BONDS Faithful PerFormance . . . . $ 965,202.00 . Labor and Materials . . . . $ 482,601.00 TOTAL BONDS $ 1,447,803.00 _ REFUNDABLE CASH DEPOSlTS PM1� . . . . . $ 53,000.00 � TOTAL DEP4SIT � 53,800.00 FEES Plan Check . . . . . $ 1,649.00 Inspection . . . , . $ 12,5Q2.00 � Signalization . . . . . $ 96,OQ0.00 Drainage . . . . . $ 26,500.00 F�nged Toed Lizard . . . . $ 15,90Q.00 Transportation Uniform Mitigation Fee (T.U.M.F.} . Collected By Bldg&Sfty Miscellaneous . . . . . N/A TOTAL FEES $ 72,551.00 Prepared By: BENJAMIN D. EGAN Checked By: R. PAGE GARNER . , , i � � ( _ 1 C1TY�F PALM DESERT STANFJARD FORM SUBDIVISION FAITHFUL PERFORMANCE B�ND NAME OF SUBDIVISION: Enclave Condaminiums Tract 31363 NAME OF SUBDIVIDER• Lomas de Areria, L.P. NAME OF SURETY: Arch Insurance Company EFFECTlVE DATE: September 20, 2005 AMOUNT�F BOND: $965,202.00 BOND NUMBER: SU5017320 PREMIUM: $19,304.00 KNOW ALL MEN BY THESE pRESENTS: That the person, firm, carporafion, 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 amaunts hereof, hereinafter referred to as SURETY, are jointly artd severally held and - firmly bound unto the City of Palm Desert, a municipal corporation of the State of CaEi€ornia, hereinafter referred to as C{TY, in the sum mentioned on Line 5 above, far the faithfuE performance of that cer�ain SUBDIVISION IMPROVEMENT AGREEMENT between PR4NCfPAL and CITY regarding the subdivision named on Line 1 above, as required by the provision of fhe Subdivision Map Act and CI7Y ardinances, resolutions, rules, and regulations, for ,• - , . 2 the paymen#of which sums well and truly to be made, PRINCIPAL and SURETY hereby bind themselves, their heirs, administrators, executars, successors and assigns,joinUy and severally, firmly by these presents. The candition of the foregoing obligation is such that if the said PRINCIPAL shal! faithfuHy perform the covenants, conditians, and agreements contained in that csrtain SUBDIVISION IMPROVEMENT AGREEMENT between PRiNCIPAL and CIN 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 speciflcations and perform a�l that certain work and improvement in said CITY which is more particularty described in said SUBDIVISION IMPROVEMENT AGREEMENT, then the obligaaon with respect to the faithfu! pertarmance is by this reference 9ncorporated he�ein. The said SURE7Y, for value received, hereby stipulates and agrees that no change, e�ctension of time, alteration or addition to the terms of the SUBD1VfSION 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 iMPR4VEMENT AGREEMENT, the work, the specifications ar any feature or item of perFormance thereunder. In the event it becomes necessary far CiTY to bring an action to enforce this bond, SURETY shail pay CITY's reasonable attomey's fees and court costs in connection therewith. 3 IN WITNESS WHEREOF, PRINGIPAL and SURETY have executed this instrument on�the date mentioned on Line 4 of Page 1 here�af. Lomas de Arena, L.P. PRINCIPAL S�� F�t��'t:.k�°� PRINCIPAL SURETY Arch Insurance Company SURETY � � Jeri Apo aca, Atto ney in Fact (Notariaf acknawledgement of execution by ALL PRINCIPALS and SllRETY must be attached.) Lomas de Arena L.P. a Detaware limited partnership � By: SRG Lornas,L.P. a California limited partnership By: Regis Homes,LLC a California limited liability company Its: General parMer By: Regis Homes,L.P. a California limited partnership Its: Sole member By: Regis Con#ractors,Inc. a California corporation Its: General partner .� By: William , ormahlen Its: Vice President jmcdade/loansltyrone/srgcert 1 � ' CALIFORNIA ALL-PUR�O5L AC OWLEDGMENT � " No.ssa� S#ate of California County of Orange . On September 20, 2005 before me, G.L.Reza,Notary Public , DATE NAME,TI7L,E OF QFFICER-E.G.,"JANE DOE,NOTARY PUBLIC" personafly appeared Jeri Apodaca , , NAME{S)OF SIGNER(S) � persanally known to me-OR- ❑ praved to me on the basis of satisfactory evidence to be the persan{s) whose name{s} is/are sui�scribed to the wi#hin 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 �. �. REZA behalf of which the person(s) acted, executed the instrument. � Q COMM. #1395003 � • NOTARY PUBLIG-CALIFORNIA o � ORANGE COUNTY ru �I My Com�n,E,cp�a�n.21.2007_�[ l r WITNES my and d official seal. S! TURE OF NOTARY � OPTI�NAL �'haugh the Qafa below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachmenf of this form. CAPACITY CI�AIM�D BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDI�AL ❑ CORPORATE OFFICER TITLE OR TYPE OF DOCUM�NT TITLE(S) ❑ PARi'NER(S) 8 LIMiTED - GEN�RAL � ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR NUMBER OF PAGES ❑ OTHER: SEGNER!S REPRESENTlNG: DATE OF QOCUMENT NAME OF PERSON(S)OR ENTI'fY(IES) SIGNER(S) OTHER THAN NAMED ABOVE S-4067/GEEF 2/98 a 1993 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O.Box 7184•Canoga Par1c,CA 91309-7184 CAi,IFORNIA ALL•PURPOSE ACKNOWf.EDGMENT � y -���7.��'�y�'�.�_'�"�"��°��.����e.���:•.��r�:���»: State ot Califomia ss. County of n2Mf4� Qn f�.Q. Z before me,_Ltn19k-5, 1✓R7'So�� �,/p1iaR�'p�,uc, Date Name and Title of Offlcer e. Jane oe,No4 Public � ! s,��- n "1 personalfy appeared Wttl�t�vn �. 'T�oRm�lyt� ua�sl w s��aqg� �personally known to me ❑ proved to me on the basis af satisfactory evitlence �I.�— _ -- ` �--r"��_=�� to be fhe person(a'f whose name(� is/a�e-. T t[NDA S. WATSON cv COMM. �1392874 g subscribed to the within instrument and R � ��NOiARY PUBLIC-CALIFURNIA � aCknowledged to me that he/s�efthep�executed ; �j� ORANGE COUNTY h°- the same in his/�{je+r authorized � My Comm.Exp.lan.s,2007 �� capacity(res}, and that by his/#�er�!#�eir signature(�on the instrurnent the person(�'J, or , the entity upon behaif of which the person(,B'f acted, executed the instrument. WITNESS my hand and official seaE. - ���. �.' �'�-�, Signaturo af Notary Pub4ic oPrronrat 7hough the in(ormation below is not required by faw,it may prove valuable to parsans relying on the document and could prevent fraudulertt remova!and reatfachment of this form to another documen[ Description of Attached Document Title or Type of Document: Ci o f � �pE��-5u¢o��l�Sro,�-'�x�`T1tfu� �,2FpY1,�v�a�.(c�.�p�Jp y Document Date: S��i[rtilf��2. 2.�� Zoo 5� ,,`Number of Pages: Signer(s)Other Than Named Above: Capacity(ies)Claimed by Signer Signer's Name: . ❑ Individual Top of thumb here ❑ Corporate Officer—�Title(s): ❑ Partner—p Limited ❑General ❑ Attorney-in-Fact ❑ Trustee ❑ Guardian or Conservator ' • l7 Other; Signer ls Representing: �:..�. �..-.��-.,:�-, � . � „ ,� ����s,�.�. • ,..,��,__� .w.�.�.��`�,�`v���-�.^r c:�,�.�^�"�i,�`'�`��::*?�-,2�.�.:�rs�``fi:x'�'����'�'�`✓.'���..�`�"�1.� 6 1999 National Notazy Aseocialion•9350 De SoOo Ave.,P.O.Bpc 2402•Chalswortb,CA 91313-2402•www.nationekayry.org Prod.No.5807 ReoMer.Call ToII-Frgq M1-800-876-8827 - , . � , � - I CITY OF PALM DESERT STANDARD FORM SUBDIVISION _ . PAYMENT BOND (LABOR&MATERIALS) NAME 4F SUB�iVlSION' Enclave Condominiums Tract 31363 NAM�OF SUBDIVIDER: Lomas de Arena, L.P. NAME OF SURETY• Arch Insurance Company EFF'ECTIVE DATE: September 20, 2005 AMOUNT OF BOND: $482,601.00 BOND NUMBER: SU5017320 PR�MIUM: Included in Charge for Performance Bond KNOW ALL MEN BY 'THESE PRESENTS: That the person, �irm, 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 af Page 1 hereof, a corparation authorized to do business in the State of California and presently possessed of authority under Title 6 af#he lJnited States Code ta do business under Section 6 to 13 thereof in the aggregate amounts hereof, hereinafter referred to as SURETY; are jointly and seve�efy held and firmfy bound unto and all materialmen, persons, companies or corporations furnishing materials, provisions, provender or other supplies used, in, upon, for or about the pertarmance of the work contracted #o be executed or performed under the terms of that certain SUBDIVISION L:1TemplateslLabor&Materials Bond Subdivision.doc , - - � .. 2 IMPROVEMENT AGREEMENT hereinafter mentianed and all persons, companies vr corporations renting or hiring teams or impiements, or machinery, for contribtiting to said work to be done, a!I persons who performed work or labor upon the same, and aN persons who supply both work and materials, and whose claim has not been paid by PRlNC1PAL in the just and full sum mentioned on Line 5 of Page 1 hereof for the payment w�ereof, wetl and truly to be made, said PRItVCIPAL and SURETY binci themselves, their heirs, administrators, successors and assigns,jointly and severally, firmly by these presents. THE CONDITION OF THE OBLtGATION is such that whereas the above- bounden PRINCIPAL has entered into a SUBDIVISION lMPROVEMEN7 AGREEMENT with the City af Palm Desert, a municipal corporation of the State of Califomia, hereinafte� referred to as CiTY, for the construction of public improvements in the subdivision named on Line 1 of Page 1 hereof, which said SUBDfVISlQN IMPROVEMENT AGREEMENT is by #his reference incarporated herein: NOW, THEREFQRE, if the above-bounden PRINCIPAL, contractar, person, company or carporation, or his or its subcontractor or subcontractors, - fails to pay for any materials, provisians, provender, or the supplies, ar teams used in, upon, for, or about the pertormance af#he..work contracted to be done, or for any work or labor done thereon of any kind, or for amaunts due under fhe Unemployment Insurance Act with respect to such work for lab�r, SURETY on this bond will pay the same, in an amount not exceeding the sum speci�ied in this bond, and also, in case suit is brought on this bond, a reasonable attorney's fee L:\Templates�I.abor&Materials Bond Subdivision.doc 3 which shafl be awarded by the court to the prevailing party in said suit, said attorney's fee to be taxed as cas#s in said suit and to be incfuded in the judgment therein rendered. This bond is executed and filed to compiy with the provisions of #he Subdivision Map Act; and al! CITY ordinances, resoiu#ians, rules and regulations supplernental thereto; and all amendments thereto; and shall inure ta the benefit of any and aq materialmen, persons, companies ar corporatians entitled to file claims under and by virtue of the provisions thereof. IN WITNESS WHEREOF, PRINCIPAL AND SURETY have executed this instrument the date mentloned on Line 4 of Page 1 hereof. Lomas de Arena, L.P. PRINCIPAL S�zE PRINCiPAL Arch Insurance Company SURETY � J�� eri Apo aca, Attorney in Fact (Notarial acknowledgement of execution by ALL PRINCIPALS and SUR�TY must be attached.) L:\TemplaceslLabor&Materials Bond Subdivision,doc Lomas de Arena L.P, a Delaware limited partnership „ By: SRG Lomas, L.P. a California limited partnership By: Regis Homes,LLC a California lirnited liability company Its: General partner By: Regis Homes,L.P. a California limited partnership Its: Sole member By: Regis Contractors,Inc. a California corporation Its: General partner By: William J.Tho ahlen Its: Vice President jmcdade/loans/tyrone�srgcert 1 � CrALIFORI�lIA ALL-PURPOSE A�` ,OWLEDGMENF ' r�o.sso� State of California County of Orauge , p� September 20, 2005 before me, G.L,Reza,NotaryPublic , �AT� NAME,71TLE OF OFFICER-E.G.,"JAIVE bOE,NOTARY PiJ81.IC" personally appeared Jeri Apodaca NAME(S)OF SIGNER(S) � � personalty known to me-OR- ❑ proved to me on the basis of satisfactory evidence to be the person(s) whase 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 thaf by his/her/their ]I " " - " - - " " " signature(s)on the instrument the person(s}, or the entity upon A COMM�#p 1395003 g behalf of which the person(s) acted, executed the instrument. a NO'fARY PUBUC•CALIFORNIA o � ORANGE COUNTY . N My Comm.Exp.lan.21,2007 � � �-���� � ��� WITNES my ha d a fficial seal. • SIGNA E OF NOTARY � OPTlONAL Though khe data below is not required by law, it may prove valuaWe to persons relying on the document and could prevent fraudulent reattacf�ment of this form. CAPACITY CLAfMED BY SIGNER DESCRIPTlON OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ C�RPORATE QFFICER TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S} � LIMITED - GENERAL I� ATTORNEY-IN-FACT ❑ 7'RUSTEE(S} ❑ GUARDIAN/CONSERVATOR NUMBER OF PAGES ❑ 07HER: SIGNER IS REPRESENTING: DATE OF DOCUMENT NAME OF PERSON(S)OR EN71'h'(IES) SfGNER(S)OTHER THAN NAMED ABOVE S-4067/GEEF 2/9g 0 9 993 NATIONAL NOTARY ASSaCIATION•8236 Remmet Ave.,P.O.Box 7184•Canoga Paik,CA 91309-7184 CALIFORNlA ALL-PURPOSE AGKNOWLEDGMENT � �;;����.�_�.�.-��^��^��,�,���.�.�—.�°.�����,�.��,�����.. State of California ss, Counry of �P a-c�C� On s i r�,_�.(�?.c�_b� before me, L�i�lD� 5-�N�oi.( �oT�Ka/ Pu�uc, Data ro�.�,a nuB or ore�T�e.e..•.�„ooe,H tary Public"? personaliy appeared �ij��� �• ��.MH-r�fzr.J Nems(s)of Sipner(s� ' �personaffy known to me ❑ proved to me an the basis of satisfactory � evidence to be the person(,�j whose name(� is/afe� subscribed to the within instrument and . _ acknowledged to me tttat ha/�qey.executed �� ^L.INDA�S. WATSON� � the same in his/k�erft�retr authorized � COMM. #1392874 � capacity(.ies�, and that by his!#ae�Ft#ei� � � ' NOTARY PU9LIE-CALIFURNiA o signature(�')on the instrument the person(,a'J, or . ; ORAnGE COu►�TY ,. the entity upon behalf of which the person(� j! My Comm.Exp.len.9,2007 k� aCted, executeci the instrument. {� f WITl�ESS my hand and official seal. , G��6� Slgnaturo oi Nolary Pabfic OPTIONAL Though iha intormation below rs npt requrred by law,it may prove valuatrfe to persons reJyirtg on the document and could prevent fraudulent remova!and reattachment of this tonn to another tixument Description af Attached Document Titie orType of Document:�o-F P,ALM i�5�r �� p lN.irZtJ'(� �jJr��D �(.p�y�iQ; A,l�2.t,44�5� Document Date:___�'���y,����a� _Number of Pages: Signer(s) Other Than Named Above: Capacity(les) Claimed by Signer Signer's Name: ❑ Individual rop or thumb ne�e ❑ Corporate Officer--Title(s): ❑ Partner—❑L9mited ❑General ❑ Attorney-in-Fact ❑ Trustee � Guardian or Conservator � ❑ Other. Signer 1s Representing: �;-�.��'.�r�,`�a'�'-�'�"�v��.'��c�.--re�v:-x-�i.�"rk.'�'�_.'�-� ��na��. '��,�.��..�.�"�a.'`�^�����'��,; m 1999 Nafiaml NoWry Associatian•9350 Da SWo Ave.,P.O.Box 2402�Chatawaqh,CA 91313$402•www.nafbnalrrotary,orq Prod.Na.58p7 Raordec Call ToN•Free 1-800-876�6827 � . I n R4WER OF ATTORNEY Know All Men By These Preser�ts: That the Arch Insurance Company,a corporation organized and existing under the laws of the State af Missouri,having its principal off�ce in Kansas City, Missouri(heceinafter referred to as the"Company")doas hereby appoint Fthonda C.Abel,Jeri Apodaca,Jane Kepner, Nanette Myers, Mike Parizino,James A.Schaller, Racheile RheauEt,Ashley Ward, Grace Reza and Rosa E. Rivas of Irvine,CA(EACN) its true and lawfu!Attorney(s}-in-Fact, to�make, execute, seai, and deliver from tha ciafe of issuance of ihis pawer for and on its behalf as surety,and as its act and deed: Any and alf bonds and undertakings EXCEPTIQN: NO AUTMORiTY is granted to make, execute, seaf and deliver bonds or undei-takings that guaranEee the paymenE or r.oll8ction ofi any promissory note, check,draft or letter of credit. Th3s authority does not permit the same obligatton to be split into two or more bands in arder to brfng each suah bond withtn the doilar limit of authority as set for�ttt hereln. The Compariy may revoke this appotntment at any time. The execution of such bonds and unde�takings in pursuance af the�e�:,presents shail be as binding upon the said Company as fully and amply to all intenfs and purpases,as if the same had tiee#�duly executed ancf acknowledged by its regulariy elected officers at its princ(pal offlce in Kansas City,Missouci. � . . . . This Power of A#omey is executed by authority of resolutions adopted by unanimous c:onsent of the Board of Direotors of the Company on March 3, 2003, true and accurate copies of which ate hereinafter set forth and are hereby certif'�ed to by the undersigned Secretary as heing in full force and effect: "VOTED, That th�Chairrnan of ths Board, fhe P�esident, or any Vice President,,or thair appointeas designated in writing and flled with the Secretary, or the Secretary sha11 have the power and authority to appaint agents and attarneys-in-fact, and to autho�ize them to execute on behalf of the Company, and attach the seal af the Campany thereto, bonds and undertakings, recognlzances, contracts of indernnity and ather writings� obligatory in the nature thereof, and any such officers uf the Company may appoint agents for atxeptance of process" This Fowe� of Attomey is signed, seafed and certified by facsimile under and by authority of the following resotution adopted by the unani►nous consent of the Board of Directors of the Company on March 3,2UO3: VOTED, That the signafure of the Chalrman of the Board. the President, or any Vice President, or titeir appaintaes des[gnated in wri�ng and filed with the Secretary, and the signature of the Vlce President.the seal of the Company, and certificetions by tha Vice President, may be at'fixed by facsEmile on any pawer of attomey or bond executed p�suant.to the resolutian adopted by the Board of Dlr�ctors on March 3, 20Q3, and a�y such pawer so executed,sealsd and certified witiz respect to any bond or undertaking to whfch it is attached, shaq continue#o be valid artd bindEng upon the Company. OOML0013 00 03 Q3 Page 1 of 2 Printed in U.S.A. I i . �r�i�Y"Ch Insurance Group IMPORTANT NOTICE CONCERNING THE TERRORISM RISK INSURANCE ACT OF 2QD2 7'he Terrorisr�t ftisk Insurance Act of 2002 establishes a mechanism by which the federal govemment will share, wi#h the insurance industry, ln losses arising out of"ac#s of terrorism" certified as such by the Secretary of the Treasury. "Certified acts af terrorism"are defined as events that cause more than$5 million in losses and: 9. Are�iolent or dangerous to human lite,property,or the infrastructure; 2. Result in damage within the Uni#ed States, on a United States mission, or to a United States aircraft or vessel;and 3. Are cornmitted by individuats, ading on behalf of foreign persons or interests, as part of an effort to coerce the civilian population of the United S#ates or to inf{uence the policies or c�nduct of the United Sta#es Govemmerrt. The Act specifies that coverage for"certified acts of terrorism" must be made available in commercial property and casualty policies of insurance, and it requires insurers to disclose any applicable premium cha�ges and the federal share of compensation. We are making these disclosures in strict compliance with the Act. Disclasure�f Avaiiability of Coverage for Terrorism Losses � Coverage for lasses resulting from "certified acts of terrorism"is being made available to you on terms, amounts, and limitations generally applicable to losses resulting from perils other than acts of terrorisrn. Disclosure of�ederal Sharse of Compensation for Terrorism Losses The federal government will pay a 90% share of an insurer's terrorism losses once the insurer has satisfied a _ sfgnificarrt ag�regate annual deductible. For terrorism losses occurring in 2002, that deductible is 1% of the � insurer's 2001 direct eamed premium. For fasses occurring in 2003, 2004 and 2005, the annual insurer � deduc#ibles are 7%, 10°k and 15% of ihe prior year's direct eamed premium, respectively. The Act provides that neiiher insure►�s nor the federaE govemmerrt are responsibls for losses associated with"certified acis of ierronism" once aggregate annual insured losses exceed$10�billion. . Disclosure of Terrorism Insurance Premium Your Bond premium charge for"certifieci acts of terrorism"coverage is$0. ' SR 80 37{Ed.11 02) Page 1 of 1 Printed in U.S.A. Company Profile Page 1 of 2 , � � i - Company Profile ARCH INSURANCE COMPANY ONE LIBERTY PLAZA, 53RD FLODR . NEW YORK, NY 10006 840-821�5546 Former Names for Company OId Name: F�T AMERIC.AN INSURANCE COMPANY DBA Effective Date: 11-06-2002 AMERICAN FIRST INSURANCE COMPANY Old Name:FTRST AMERICAN INSURANCE COMPANY Effective Date: Ol-OS-1987 Agent for Service of Process JERE KEPRIOS,C/O CT CORPORATION SYSTEM 818 WEST SEVENTH STREET,2ND FLOOR LOS ANGELES, CA 90017 Unable to Locate the Agent for Service of Process� Reference Iu�ormation NAIC#: 11150 NAIC Group#: 1279 California Company ID#: 3005-6 Date autharized in California: July 19, 1.985 License Status: UNLIMITED-NORMAL Company Type: Property& Casualty � State of Domicile: MXSSOURI Lines of Insurance Authorized to Transact The company is authorized to transact business�c�vithin these lines of insurance. For an explanatzon of any of these terms,please refer to the lossa . AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY DISABILITY FJ_RE LIABILITY • ,. ,�• . .• , • - ---i----�-------r_�L _- -----r --,i __. __ .___m_ r.rr�—c�nn �r��r�nnc Company Pro�le Fage 2 of 2 - , . MARINE SURETY TEAM AND VEHICLE " WORKERS' COMPENSATION Company Compla.int Information Comnany Enforcement Actian Documents Com�aaiY Performance& Comparison Data �om�osite Complaint Studies Want More? _ Help Me Find a Company Representative it3 Mv Area Financial Ratina.�,,._Org_..anizations Last Revised-June 20,2006 0823 AM Copyright�California Department of Insurance Laay./L'�i_".._a"'.."'._L :�..._ ___'/__'_L"___'/_.7L ."'_C "a1 __a __ lrl._ t-eiT_/�nn n/n�r/nnn�