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Home My WebLink AboutRelease of Bond PM 34843 - Pacific Pointe PartnersREQUEST: SUBMITTED BY: CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT Release Performance Bond and Accept Maintenance 3(-ni1 fir Parcel Map 34843 Mark Greenwood, P.E., Director of Public Works APPLICANT: Pacific Pointe Partners 2552 Walnut Avenue, Suite 150 Tustin, CA 92780 Bond No.: 732255S Developers Surety and Indemnity Company 425 West Broadway, Suite 105 Glendale, CA 91204 DATE: May 22, 2008 CONTENTS: Maintenance Bond No. 732255S and Vicinity Recommendation: 0 • H pa H E-i r U • 4 QQ 0 GUEA �-+t-t Map > rr 11' a By Minute Motion, authorize the City Clerk to release the Performance bond for Parcel Map 34843 and accept a maintenance bond. Discussion: At the time of permit issuance Pacific Pointe Partners submitted a Performance bond for grading and offsite improvements. All improvements have been satisfactorily completed at this time. A standard one-year maintenance bond has been submitted. Therefore, staff recommends that City Council accept the work as complete, release the corresponding performance bond, and accept the one-year maintenance bond. Prepared By: (k4tVLt6 Christina Canales Assistant Engineer Approval; Homer Croy ACM for Develo nt Services Departr9t ead: Mark Greenwood, P.E. Director of Public Works Carlos L. O` ' ga City Manager /cc/dhl � INSCO INSURANCE SERVICES, INC. �nsC��O Underwritfng Managerfor: �� Davelopers Surety and Indemn(ty Company 0 0 Indemniry Company of California 17780 Fitch,Su(te 200•Irvino,Callfornia 92814•(949)?.63-3300 MAINTENANCF,BOND BOND NO.: 732255S Premium included in Performance Bond KNOW ALL MEN BY THESE YRLSENTS: THAT we, Monterey Gatoway Partners, LLC,a California limiied liabifity company ,as Princip�l, and Devefopers Surety And Indemniry Company ,a corporation organized and doing business uiider and by virtue of the la�vs of the State of lowa and duly licensed to conduct surety business in the State of California, as Surety,are held and f nnly bound uttto City Of Palm Desert,a municipal corporation of the State of California as Obligee, in ttie sum of Four-thousand,Nine-hundred Seventeen and 53/100----- {$ 4,917.53---- )Dollars,for which payment,�vell and tntly ta be madc,�ve bind ourselves,our heirs,executors and saccessors,joi�itly and severally firutly by these presents. THE CONDITION OF TIIE OBLIGATION IS SUCH THA1': WHERBAS,the above n�med Principat entered into an agrcement or agreements with said Obligee to: Complete Improvements per Improvement Agroemant between Principal and City for Pointe Monterey Business Park Number 1 , Parcel#34843 '�'VHEItEAS,said agreement provided tliat Principal shall guarantee replacement and repair of ia�provements as described therein for a period of o�ie year follo�ving fcnal acceptance of said improvetnents; NOW,THEKEFOK�, if the above Principal shall indemnify the Obligee for all loss that Obligee m�y siistain by resison of any defective inaterials or�vorkmanship�vitich become apparent during the period of one year frotn and�fter acceptance of the said iuiprovements by Obligee, then tltis obligation shall be void;othenvise to rcmain in full force and ef�ect. IN�'VITNESS WI-IERI:OF, tlie seal�nd signature of said Principal is hereto affixed and the corporate sea}and the name of the saici Surely is liereto a�xed and attested by its dt�ly authorized Attorney-in-Fact tl�is.�th day of May � 2008 YGAR Monteroy Gateway Partners, LLC, a CA Ltd. l.iability.Co. Developers Surety And Indemnity Company Principal -- BY:Gateway Partners PD, LLC,a Cafifornia limited Ilabllity BY: - C' � - � ��:1. -��, . . company,Its Managing Member olf A.N schaafar �Actomcy-m-Fac� 8Y: Michael J.Massaro.Managing Member ID-1201(CA)(One Year Term)(RGV.3/01) PQWER OF ATTORNEY FOR DE1fElOPERS SURETYAND INDEMNITYCOMPANY INDEMN[TY CQMPANY OF CALIfORNIA PO Box 19725,IRVINE,CA 92623 {949}283-3309 KNOWALL MEN BY THESE PRESEt�(TS,that as except as expressly 6mfled,DEVELOPERS SURETYAND INDEMNITY COMPMN and INOEAiPfITY COMPANY OF CALIFORNIA,do each,hereby mako,constitute and appolnL• ***Steven C. Harris, Rolf A. Neuschaefer, jointly or severally*** as�hefr true and lawful Attomey{s}-fn•Fact,to make,execute,deihrer and acknowledg e,ta and on behaH of sald corpaations,as suretles,bonGs,unde�takings and contracts of surety- ship giving and gran6ng unto said Attomey(s}•In-Fact fuQ powe�and authorily to do and to perfam every act necessary,requlsite or proper to be done in connection Iherewith as each of said corporatlons could do,but reservirg to each of said corporatlons fuq power of substituUon and revocation,and all of Ihe acis of saW Attaney(s)do-Facl,pursuant to these presenLs, are heroby raffied and confrmed. 7hls Povrer olAttaney ts granted and ls signed by faalmile under and by authoriry of Ihe fdlowing resolutlons adopteE by the respective Board of Dlrectas of DEVEIOPERS SURETY AND INDEMNfTY COMPANY and INDEtdNtTY COh1PANY OF CALIFORNIA,e(fective as of January tst,2Q08. RESOLVED,that the chairtnan of the Board,the President and any Yce Presldenl of lhe corporatlon 6e,and lhat each of lhem hereby Is,authafzed to execute Powe�s of Aflaney,qualifyir�g the attomey(s)named in the Powers of Attaney to execute,on behalf of ihe caporations,bonds,undertakings and contracts of surefyship;and ihat the Seaetary a any Assistant Seaelary of ihe caporabons be,and each of them hereby Is,authorized to attasi the executlon o(any such Paver of Attaney; RESOLVED,FUR7HER,that ihe slgnat�res ot sudi officers may be affixed to any such Power ofAttomey a to any certiBcale re(ating thereto by facsimile,and eny such Paver of Attanay a ceroficato beadng such facs(mile signatures shall be valW and b(nEing uporr ihe oorporatlons when so affaed and In the fuh�re with rospect to any bond,undertaldng a conVact of sureiyshfp to whkh It Is altached. IN WITNESS WHEREOF,DEVEIOPERS SURETYAND INDEkWITY COMPANY and INDEMSNITY COMPAtJ1'OF CALIfORNIA have severaly caused these presents to be signed by their rospective Yce President and attested by Ihelr respec6ve Assistant Sacrelary this January tst,2008. �d�`�^uin��:�ip,.. gy' eJ`��i�.,allo��,yp�;,��, . ON,P.ANYO� Slephen T.Pale,Senlor Vice Presiden a�r �pQ G PO h•�4° .. ��F.�y` �..GbE� Rq�o . ( OCT � � _ .,.,.. . 'cOd� �;� � � ' 10.. � � OC7.b � �> . 1,R3.6 ��o,� w •1.867 Charles L.Day,Asslstant Seueiary ��y, f a s O �►. Q. �: 4;d0•��;'+�p•••'�'�'�� •� �<i�OP�� State of Ca�fomia '''��,�„i�i�Hit��, •�� County of Orange On _ January 1st,2008 before mo,_ Chdstopher J.Roacii,Notary Pubf)c Date Here Insat Name and Title of ihe Otflcet personalfy appeared,_ Stephen T.Pate and Chades L.Day_ ___ Name(s)of Signer(s) who proved to me on the bas(s of satlsfactory ev}dence to be the person{s)whose name(s)isJare subscnbed to - the withfin insUument and acknowledged to me ihal helsheRhey executed ihe same In hlsTherRha(r aulho►ized � capaciryQes),and that by hfslhedthe(r slgnature(s)on the lnstrument the person{s),or the entlty upon behalf of •�'��p��-��, whkh the person(s)aded,executed the inshumenL ' COtV1,M:�I{i�'�{5$3.9;;::; ' NOTi1RY FUBUC.CI1liF0�tNUF ' I ceAify under PEMALTY OF PERJURY under Ihe laws of the State of Ca6fomla fhat the(aego(ng paragraph Is ORANO�.CbUfIIY true anG carect _. - .oanm e ' 'j�i,:19�?M!: ` � , . _� � ", ,, .• ,.. , WfTNESS my hand and ofTi al seal. Place Notary Sea!Above Signature ,_ Ch e�d.Roach CERTIFICATE The undersigned,as Assislant Seaetary4 of DEVELOPERS SUREN AND INDEMNI'fY COMPANY and INDEMNITY COMPAM'OF CALIFpRNIA,dces hereby certify that the loregdng Power of Attomey remalns In tu8 tace and has not been revoked,and(urthermore,Ihat the provislons of fhe resolutlons ot the respec6ve eoards ot Directas oi sald caporatluis set falh In tl�e Power otAttomey,are In force as ot the date of ihis CerG�cate. This CertiAcate is executad in the City of Irf,ne,CaG(omRa,tha,�j`��day of ��7��, ��,n d- By; _.__ , Albert Hillebrand,Assistant eaetary ID�i380(1"JeQ(Rev.Q7101) ' CALlFORNIA ALL-PURPOSE ACKNOWI.EDGMENT ��:��-��>��.��;��x��>r�,-��-�.��;�z�,-�,-�:�,�� STATE OF CAl.I�OANIA Counry of�range } On May 5, 2008 before me, Sonia Duran, Notary Public , dale {ere 1nSaA tV�me end e a Ihs r personally appeared Rolf A. Neuschaefer Nartw{s}of 5l9ner(s) � who proved to me an the basis of satistactory evidence to be the person(s) whose name(s) is/are subsoribed to the within instrument and acknowledged to ma that he/sha/they oxecut�d khe same 4n his/her/thoir authoriz�d capacity(ies), �p�� and that by his/her/theirsignature(s)an the Instrument the Commlulon�]537156 person(s),or the entity upon behalf of wttich the person(s) ~ � Nofary Pubile-Colilomia acted,executed ttle inStrurnEnt. ' OrangeCounty I cerlify under pENALTY�F PERJLlRY under the I�ws of �+NCanm.Expkesoec2o,2008 the State of Califarnia that the foregoing paragraph fs frue and correct. Witness my hand a ofiici seal. Slgnature ��C��.+!Sl��_ . Place Molary Seal Above Sipnalure o(Nolary Puhtic opr�ontaL 7hough the!nlamalion below is not requl�ed by Iavi,It may prove valuable to pe�sons relying an the dacument and could prevenf Iraudulenf removal and reatlachment of this farm to another document. oescrlption oi Attached Document Title or 7ype of Document:Maintenance Bond document Date:May 5, 2008 Number o(Pages:One S!gnar(s)Other 7han Named Abave:� Capacity{ies)Ctaimed By Signer(s) Signers Name:Rolf A. Neuschaefer Signer's Name: ❑ Indiv(dual ❑ Individual ❑ Carporate0fllcer—Title(s): ❑ Corporate0ltfcer—Title(s): LJ f'artnar—(,..1 Lfmlted Ll Gvneral Ll Partner---(_}Limited�General [] Attorney In Fact ❑ Attorney In Fact ❑ Trustcc ' ❑ Trustea ' ❑ Guaftllan or ConseNator Top ot tl�umb f�ere [j Guardlan or Conservator Tap ot thumb hore ❑ Other ❑ Other S!gner Is Representing: Slgner(s Represantfng: Developers Surety n n emni y ompany ��.'�'�v'�fi'v��i;�.. . - ��c � — - •��;� _ - O 2007 N�tlonil Nduy iltsaci�t(on�935o Oe Saro Ava.,P.A.tfac 2402�ClwswoAh,GA 919I�2�02•waw.N�tiandNoury.arq Rem r5907 Rwrdor.Ci'f TdI�F�N 1•�dT&6d27 City of PaIm Desert ArcIMS Map Output Page 1 of 1 PARCEL MAP NO. 34843 VICINITY MAP , w p'�� i � �� a a. �* ',��fi a ti�� N � q,��+ �� ,i�i4 z a '�►o,� , �g � `�o,� � b � SFYDER CIR 5TN aV � �t.. �a.. {�P'�� -