HomeMy WebLinkAboutRelease Security TM 31969 - Paseo Village Development CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: Release Bond Number 66112260 for Rough Grading and Bond
Number 66113059 for Off-site Improvements far Paseo Village
Development, LLC for Tract Map 31969
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Paseo Viilage Development, LLC
3151 Airway Avenue, Bidg V
Costa Mesa, CA 92626
Bond Numbers: 66112260 for Rough Grading
Lincoln General Insurance Company
3350 Whiteford Road
York, PA 17402
66113059 for Precise Grading and Off-Site Improvements
Lincoln General Insurance Company
3350 Whiteford Road
York, PA 17402
DATE: March 26, 2009
CONTENTS: Bonds
Vicinity Map
Recommendation:
By Minute Motion, release bond number 66112260 for rough grading and
bond number 66113059 for off-site improvements for Paseo Village
Development, LLC for Tract Map 31969.
Discussion:
Tract Map 31969 is located on Park View between Monterey Avenue and Highway 111.
At the time of rough grading permit issuance, Paseo Village Development, LLC
submitted a bond for rough grading only in the amount of $35,825. Shortly thereafter,
they submitted a bond for off-site improvements in the total amount of $66,668. All
grading and improvements are complete, have been inspected, and found to be
acceptable. The normal one-year maintenance bond is not required because a year has
passed since the completion of grading and off-site improvements.
Staff Report
Release Bonds for Rough Grading and Off-site Improvements for Paseo Village
Development, LLC for Tract Map 31969
Page 2 of 2
March 26, 2009
Therefore, staff recommends that Council authorize the City Clerk to release bonds for
rough grading and off-site improvements for Paseo Village Development, LLC for Tract
Map 31969.
Submitted By: Depart ead:
I ` ��.
Christina Canales Mark Gre nwood, P.E.
Assistant Engineer Director of Public Works
Appr al:
Homer Croy Paul S. Gibson
ACM for Development Services Finance Director
CITY COUNCILA T10N
APPROVF,D Di:NTF.D
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ity M nager MF,ETING DATE ' a��U
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' NOES: l�L���-
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G tPubWo�ks',Stal/Reportsp009'dvfaich 26'�.07 TR 37969'SR-TR 37969 Bond Release.docx
Cor►�pany Profile Page ] of 2
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� Depart�nent o�
�ompany Profile �nS��a�''���
LINCOLN GENERAL INSLTRANCE C�MPANY�
3 3 5� VVHITEFORD ROAD
YORK, PA. 17402
804-876-3350
�.gent for Service of Process
JERE ICEPRIOS, C/O CT CORPORATION SYSTEM 818 WEST SEVENTH STREET, 2ND FLOOR
�.OS ANGELES,CA 90017
Unable to Locate the A�ent for Service of Process?
�eference Information
NAIC#: 33855
NAIC Group##: 1326
Califomia Company ID#: 4679-7
Date authorized in Catifornia: i�1ay 11, 2001
License Status: UNLIMTTED-NORMAL
Campany Type: Property & Casualty
State of Dozniciie: PENNSYLVA.IJIA
Lines of Xnsurance ,c�uthorized to Transact
The comgany is authorized to trausact business witl�in thcse lines of insurance. For an cxplanation of
any of these terms,please refer to the !o� ssar�.
AUTOMOBILE
BURGLARY
COMMON CARRIER LTABILITY
FIRE
LIABILITY
MARINE
MISCELLANEOUS
PLATE GLASS
5PRINKLER
SURETY
http:!/cdinswtivw.insurance.ca.gov/pls/wu co orof/i�ih �� •�r��' �•�� ^�� �� ----n` ^'^ ' - - - "
Lincoin General Insurance Company
i30ND1�lC CO�v(PANY
661 1 226(l PTtEMIUM:$ 1 i 075�QQ
QOND NUMI3ER
GRADItiG PER1�FiT BOND
Pasea Village
WHGRLAS ,<1s Princi 2,�s�a plpd�khe Ciry of Palm
Dese2'� for a Grading Permit for work to beperformed at ��tPalm Desert
and Principal agrees to perform ccrtain designated improvemcnts rcquircd andcr slid permit and said permit is
hercby referred to and made apart hereof;and
WH�REAS,snid Principal is reqi�ircd under the terms of said penrit to furnish a bond For thc faiU�ful
perfomiancc ofsaid perrait.
Lincoln General
NQ4V,THERGFOR�,we,i�e Plincipa[and znsurance COitipany as surcty,arc held
and Tirn�ly bound unto the City of esmert �(hercin called"City"),in the penal sum of Thirtv Five
Thousarid Eight Hu,L�dred Twen�� Fiv�ollars($ 35�825_ )lawful money of the United
Statcs,for thc payment of which sum wiU and truly to bc ntade,wc bind ourselves,our heirs,successors,
executors and administrators,joitttly nnd severalEy,firmly by these presents.
The condition of this obli�ation is such that if the ahove bounded Principal,his or 9ts heirs,cxecutors,
administrators,successors or assigi�s, shalf in all thin�s stand eo and aUide by,and well and truly keep and
perform the covenlnts,coitditions and provisions in the said permit,and any ahe�afion diereoC madc as thcrein
provided,on his or their parc,to be Icep�anc!performed at the timc and in the manner therein speciticd and in all
respects according to their truc intent 1nd meaning,and shall indemnify and save harmless the City,(ts officers,
agcnts a��d employees,as therein stipulated,then this obligation shall become null and void;otherwise it shall
be and remain in full force and effect.
As a part of the obligation secured hereby,and in�lddition to the face amount specified thereforc,there shllt be
included costs and reasonable expenses�nd fees, including reasonable lttorncy's fees,incurrcd Uy the City in
succcssfully enforcing such oUligation,aU to be taxed as costs and included in any judgment rendered.
The surety hereby stipulatcs and agrees that no chinge,extension of timc,alta-ation or addition to the ter�ns nf
the��crmit or to the work to be performed therew�der,or elie specifications accompanying the same in lnywisc
affecl its obligations on thisw boncl,and iE does hcreby waive notice of any such change,extension of timc,
altcratiori or addition to the terms of thc permii,or to die worlc,or to the specifications.
1N W t'I'NESS WHEREOP,this instrument has becn duly executed by dle Principai and surety abo��e namcd on
June 18 , 20 04
Lincoln General Paseo Village
Insurance Company Deve].opment, LLC
Bondine C n Applicant
3 � BY: .d�l�`
r ' (5ignature)
. Vega
tt in—Fact
1 '1 •
LINCOLN GENERAL iNSURANCE COMPANY
POWER OF ATTORNEY
KNOW AT.L MEN BY THB5E PRESEIVTS:That Lincoln General Insurance Company,organized and existing by virtue of tho
Laws of the Commonweaith of Ptnnsylvania,does heceby nominats,COnStItLLtC atld Spp0171h
Philip E. Vega
its true and lawful attoraey{s)-in-fact to sign, scal and execute for aad on its behal�as surety,bonds, undertakings, and othec
obligatory instruments of similar nature in an amount not to excced Three Mtllion Dollars(S3,QOQ,OOQ}and to bind it theroby as
fully and to the samo exteat as if such instruments were signed by a du[y authorized ofticer of the corporation,and all the acis of
said Attorncy,pursuant to the aucharity hereby given aze herehy ratifced and confirmed.
RESOLVED that this Power of Attorney is granted and is signed,sealed and notarizcd with facsimile signatures and seals under
autHority of the following resolvtions adopted by the Board�f Directors of Lincoln General Insurancc Company on the 4w day of
September,2002.
RESOLYED that the President,an Executiva or Senior Vice President,or any•Vice Presidcnt of the Company,together with thc
Secretary or any Assistant Secreiary arc hereby aathoriud to execute Powers of Attorney appointing the person(s) named as
Attomey(s)-in-Fact to date,execute,sign,seal and deliver on behalf of the Company,fidelity and surery bonds,undertalcings,and '
other similar contracts of suretyship,and any related documa�ts.
RFSOLVED FURTHER that the signaiures of tha officers making the appointment,and the signature of any officer certifying
the validity as�d currcnt status of the appointmrnt,may be facsimile reprosentations of those signatures;and thc signature and seai
of any notary,and the sesl of the Company,may be facsimile representations of those signatures and seals,and such facsimile
representations of those signatures and seals,and such facsimile representations shatl have tho same force and effect as if
manually affixed. The facsimile representallons�efaaed to herein may be�xcd by stamping,printing,typing,or photocopying.
IN!WITNESS WHEItEOF,I.ineoln General Insurance Compeny iias causcd its cotpora a to be txed, these presents to
be signed by its duly authorized officors this 4th day��epbbmJ}�j 2002. .�•
\�������� �; INS(���ii���
````�p�,.. ..., .T� ��i�i
Attest: :�;� �p ORATES '?'�; _.�_
Cary 7. do Se tary �C7: G� — � �m^ hojwani,Presid t
The Commonwealth of P�nnsylvania j; A '�977 '0= .
York County ��Lj• �'�'NSYI.VA��P .a` '
--.2'• 'a,.
On this 4th day of September,2UO2, before mi��nall�ca�C.Bhojwani.to me Irnown,who being duly sworn,did
deposc and say:that he is the President of the Corp�6Yq��{pqp!l��d in and which cxecuted the abovo instrumenG that he Imows
the seal affixed to the aforesaid instrument is such corporate seal and was af�xed thereto by order and autharity of tite Board of
Directors of said Company;and that he executed the said instrument by likc orda and authority and thc same was his&ee act and .
deed.
Notarfal Sea!
The Commonwealth of Pennsylvania CatheNne Marie toass,Notary '
Yotk County $P�rteattsbury Twp„York C
My Commiss�ort Exp►ras June f Notary Pubh �
1, Gary Omdorf�Secretary of Lincoln Gtnetal Iasucance Company, a corporation of t}►e Commonwea.lth of Ptnnsylvania do
heieby certify that the above and foregoing is a fuil,true and carrect copy of Power of Attorney issued by said Company,and of
the whole af t1�a original and that the said Pawer of Attorney is arill in full forcc and effect and has not been revoked, znd
furchermore that the Resolurion of the Board of Directors,set forth in the said Power of Attorney is now in force.
iN WiTNESS WHEREOF,I have hereunto set my hand and affixed the seal of said Company,at York,Pennsylvania, thia
'1 �h dayof ,1,�;,e .�,��tur1►i��u ii
��.��``�� INSU����i
��2�.`••'�paRArFs :C�: ,t. d ,secreary _.._.
�Vi � c�� �... � '.l'n�
^z: 1977 :o"
=o�.. AF -- ��. :�;� , .
-.,�• �Nsr�vr�� :;�a,
''-,tiij•• ..... .•� .
''�'''��ri�u,,.,*...,u�a*~\\````` — . -
G-ALiFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
State of California
County of Orange
On June 18, 2004 before me, Lisa M. Moss, Notary Public
Name and Ti@e of Officer(e.g.,"Jane Dce,Notary Public")
personally appeared Philip E. Vega
Name(s}ot Slgner(s)
� personally known to me -OR- ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscrlbed to the within instrument and
acknowledged to me that he/shelthey executed the same in
his/her/their authorized capacify(ies), and that by his/her/their
11SAM.MOSS signature(s} on the instrumenf the person(s), or the entity upon
Commissfon#1275971 behalf af which the person(s) acted, executed the instrument.
}�.�m Notory Publlc-Calftomlo
' �osAnge�esCouny � WITNESS my hand and officiaf seal.
My Comm.Explres Sep 3,2ppq ���n _��Q
i ���
Signature oi Notary Public
----------------------------------------OPTIONA L_..---------------__.-----------------
7hough the Information befow Is not required by Iaw,it may prove valueble to persons relying on the document and could prevent fraudufent remova!
and reaftachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date: Number of Pages:
Signer{s) Other Than Named Above:
Capacity(ies) Claimed by Signer{s}
Signer's Name: Signer's Name:
❑ Individual ❑ Individual
❑ Corporate Officer ❑ Corporate Officer
❑ Titles(s): ❑ Title(s):
❑ Parfner-❑ Limited ❑ General ❑ Partner- ❑ Limited ❑ General
❑ Attorney-in-Fact ❑ Attorney-in-Fact
❑ Trustee ■ ❑ Trustee
❑ Guardian or Conservator . . �- ❑ Guardian o�Conservator .
❑ Ofh@t': Top of Thumb here � Qther: Top of Thumb here
Signer Is Representing: Signer Is Representing:
f3D-1733 09/00
__�.-. -
� - . .
' -� V
- CITY �}� PAL11�1 D�S�RT
� STANaARD Ft}RM
SUgDlVl�14N
F�AYMENT s�ND
(�.ABQR � MATERlALSj
NAIVTE C3fi 5UBD1ViS1UN: Paseo Vista
NAME �?F SUBp1V1DEFi; paseo Village Development, LLC
t�tAME OF SE1R�`�'Y: Lincvin General Tnsurance Company
��FE�TIVE DATE: �7�26Ifl4
AMOUNT �F BOND: �3d, � 64, 00
BfJND NUMB�R: 661 13059 -
PREMIUM: zncluded zn performance bond
FCNOW ALL M�N BY TH��� PRESENTS: That the person, firm,
corpdratian, entity or otherwise, nam�d on Line 2 of,Page 1 hereof without regard
ta gender and number, harefnafter referred to as PRIN�fPA�.; �nd th�
cor�aratian named on Line 3 of Page 1 hereof, a corporation authorized to do
business ir� the State of California and presently possesse� of authority under
Title 6 of the Un�ted Stat�s Code to do business under Section 6 ta 13 fh�r�of in
th� aggregate amaunts hereoi, h�reinafter referred tn as SURETY; are jvintfy
and severely held and firmjy bound unta and aN m�te�iaimen, persons, ��
' companies or corp�rations furnishing materials, provisians, provender aT other
supplies eased, (n, upQn, for ar about the pertorm�nce of the work contract�d to
be executed or perform�d under the terms af that certain SUBC�fVISION
G:�PubR'orksU'W Tcm��C)4�St�nduQiorm•subdi�ison•pymt��ond�labor&rncl�.duc
Ju?-2E-2004 14:29 Pro�-PALM OESERT PUELIC P�tiRKS DEPT 7603417096 T-092 P.032/033 F-593
_ _ �
{MPROVEMENT AGREEMENT hereinafter mentioned and ali persons,
companies or Gorporatians renting or hiring teams or impfements, or machinery,
for corttributing to said work to be done, al! persons who perf'ormed work or labor
upon the same, and all persans wha suppfy bath work and materials, and whase
clairn 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 tru{y to be made, said
PRlNGIPAL and SURETY bind themselves, their heirs, administr�tors,
successors and assigns,jointly and severaify, firmly by these presents.
THE CONDITION 0� TFIE OBLlGATION is such that whereas the abdve-
bounden PR1NClPAL has entered into a SUBDIVISION IMPR�VEMENT
AGREEMENT with the City of Palrn Desert, a municipal carporation of the State
of California, hereinafter referred to as CITY, for the construction of pubi;c
improvements in the subdivision named on l.ine 1 of Page 1 hereof, which said
SlJBD1VISI�N IMPROVEMENT AGREEMENT is by this �eference rncorporated
herein:
NOW, THEREFOR�, if the above-bounden PRINCIPAL, contractor,
person, company or carporation, or f�is or its subcontractor ar subcontractors,
faifs to pay for any materlals, provisions, provender, 4r the sup�iies, or teams
used in, upon, for, or about the pertormanc� vf th� work contracted to be done,
or for any work ar 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 fihe same, in an amvunt not exceeding the sum specified in this
band, and also, in case suit is brought on this bond, a reasonable attorney's fee
G;\Pi;bWorksl:'W Tettip IiiC5�5�a+tdardtom�->ubdivi;un-py:mDond-faoor�r,.trlS.dOc
—_---- -
Jul-Z3-2004 14:29 From-PA161 DESERT PUBIIC PfORfS GEPT T603417098 T-092 P.4331033 �-593
_ :. �
- . �
which shalt be awarded by the court to the prevailing pa�ty in said suit, said
attorney's fee to be taxed as costs in said su;t and to be included in the judgment
therein rendered.
This bond 9s executed and filed to comply with the provisions of the
Subdivision Map Act; and al! CITY ordinances, resolutions, rules and regu(ations
supplemental thereto; and all amendments thereta; and shal! inure to the beneft
of any and ail materia(men, persons, campanies or carporations entitfed to file
claims under and by vi�tue of the provisions thereof.
!N WITNESS WH�REQF, PRINCIPAL AND SURE7Y have exec�ted this
instnament the date mentioned on C.ine 4 of Page 1 hereaf.
/ ` ✓1�
PR Paseo Village
Development, LLC
PRfNCfPAL
Lincoln General Insurance Company
SURETY 1
_—�-�J
SURETY . ega
A y- n-Fact
{Notarial acknowledgement af execution by Al.L PRINCIPA and SURETY
must be attached,)
G:�P�SLW;!:;�.FW Tcitto[i]:s�5.andu:dforn:-subdivi;urs-Pymtbu�J•1<00�'&�r,crls doc:
., -,.� .
- L1NG4LN GENERAL fNSURANCE C01U�PANY
Pt3WER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT'S:That L'utcoln Genera!Ittsusanct Compsny,organized and existing by virtue of the
I.aws of the Commonwealth of Pcnnsylvania,daes htreby nominate,constit�te and epooint:
Philip E. Vega
its true and lawfu) attorney(s)-in-fact to sign, seal and execule fflr and on its behal�as surety,bonds, undertekings,and otha
obligatory instruments of sirmlar nature in an arrwunt aot to excecd Three Millloq Dollar�(S3,OUQ,000)and to bind it thereby as
fully and to the same cxient as if such instrumaets were sigtied by a duly authorized oftcer of the carporadon,and aIl the acts af
said Atiomey,pursuant to the authoriry hrroby given are hereby ratified and confirmed.
RESO�.VED that this Power of Attorncy is granted and is signsd,scaled and aotarized with facsimile signatures and seals under
autliority of the following resotutions adopted by tbe$oard of Directors of Lincoln Geneca!Insurarscs Company on the 4'�day of
September,2002.
TtESOLVED that the President,an Exccutive or Senior Yice Presidenc,or anyVice I'resident of the Company,togother with the
Secretary or any Assistent Secretary aze hereby avthoriud to execute Powers of Attomey appointing the person(s)named as
Attomey(s}-in-Faot to date,oxecute,sign,sesl and dcliver on behalf of the Company,fidelity and sucety bonds,undertakings,and '
other similar contracts of surctyship,and any retated dacuments.
RESOLVED FURTHER that the signatures of the ofl'iaers making the appointment,snd t6e signatare of any officer certifying
the validity and current status of the appointment,may be�csimile r�presentallons of those signatures;and the signature and seal
of any notary,anci the seal of the Company,may be facsimile representatioas of iltose signatures astd seats,and such facsimile
representasions of those signatures and seaLs,and such facsimile representations shail hav�the same force and effect as if '
. manually affixed. 'Ii�e facsimile represeniations referred io herein may be�xed by stemping,printing,typsng,or photocapying.
IN WI'I'NESS WHBREOF,Lincoln General insurance Company hes caused its corpora to be aced, these prescnts to
be signed by its duly suthorized officers this 4th day��eptnnlj� 2002. �— -��•�
�������,`` �; 1NS(�n'/'/i���i
`���,... .,,,,�r9y'.
A�est: ���. �poRnTf ��.C�� ..
' Gary J. do ,Se ��: v° -- s� '•�� hojwani,Presid t �
�9'77 :C1�
The Commonwralth of PennsyIvania =z�, ,o �Q� �
York County ' • '
��i)• �'yHSyt.VP���,�,a�:
.� y•• �.
On this 4th day of Saptember, 2002, beforc m��na11���C.Bhojwani,to me known,who being duly sworn>did
depose and say:thai he is t ha P resident of tho Co r p�b 4 M p��d in and which executed ihe above in�tnttnent:that he icnows
the scal affixed ta the aferesaid instnunent is snch corporate soal and was affixed t�ereto by arder and authority of th�Board of
D'sreeiors of said Company;and that he executed the said instrumerct by like order and authority and the same was his fiee act aad .
deed.
Notarial Seal
The Commonwealth of Pmnsylvania ��a�ne Marie Loase,Notary t ' •
York County Sp�lnqeltsbury 7tivp„York C
My Commisslon Fxplres June 1 Notary Publi '
I, Gary Orndorff, Sceretary of Lincotn General Insurance Company, a cotporation of the Cotnmonwealth of Pennsylvar.ia do
hereby certify that the above and faregoing is a fli11,due and cotrect copy of Pawtr of Attorney issued by said Company,and of
the whole of che original and thai the said Power of Attorney is stili in tUll force and effect and has no!bern rcvoked, a.td
furthermore that the Resotutioa of the Board ofD'uectors,set forth in the said Powa of Attomey is now in force.
IN WITTIESS WHEREOF,I have hereunta set my hanct and affixed the seal of said Campany,at York,Pcunsylvania, t�`+.is
,�_day of Ju 1 y . ?[1 Q 4`\``\�`��tt+��1�J`jts�r�i����'
`��.��;,.......,, ,
�` ' �' '� J. d ,Sccretary
; ?: �pORATFs '.�r
;�: �Q � �..�y
�Z: '1977 ,Q�
�o�. �°F -- .P '��
;v,f'� '�'HSYL`�A� •�a�.
''/,''l/-���!nn��..�ua1����```````
������ Phciu 7I7-757�0000 FAX�.i T17-751-0165
rs_.....r.�.�.�.... ,�
�.far�?� �350 Whitejrzrt�Rd,P.4.$ar37t)9, Ynr�PA 17902-0I3d
8ond No. 661 1 3059
TERRORiSM RIDER �
N�T10E—FEDERAL TERRORISM lNSURANCE COVERAGE
AND DISCLOSURE OF PREMf UM
Any loss applicable to a peril covered under this bond that is
caused by a certified act of terrorism pursuant to the terms of
the Terrorism Risk Insurance Act of 2002 ("the Act"}, will be
_ partially reimbursed by the United States under a formula
established E�y federai law. Under this forrnula,the United
States pays 90% of covered terrorism losses exceeding a
statutorily established deductible to the insurance company
providing this bond. The portion of your annual premium
�, attributable to certified acts of terrorism under this bond is
• $0.00.
COV�RAGE LIMITATfONS
Payment for a foss will not exceed the limit of Iiability under this
bond. This bond will not pay for any portion of certified �
terrorism loss beyond any applicabie annual fiability cap set
farth in the Act. The terms of this rider do not provide caverage
for any loss that would atherwise be excluded by the terms of
this bond.
su aaos �2 02
ALL-PURPOSE ACKNOWLEDGMENT
r___�__�_______.__��___,_----------------------_--_--------_—_--_�
j State of: California �
' SS. �
� County of Orange . j
� On July 26, 2Q04 before me, '
Kim Isaacman
Date Notary I
j personally appeared Brett Isaacman �
� SiLmerfsl j
� p personally known to me - pk_ ❑ proved to me on thc basis of satisfactory �
� evidence to be the person¢�} whose name�} �
� is/a�e subscribed to the within instrument and ,
jacknowledged to me that he/�l�e� executec! �
, the same in his��ei� authorized (
� capacity(-�es�, and that by hisR3er�ei� '
� signatureEs} on the instrument the personEs}, '
� or the entity upon behalf of which ihe �
' • KIM ISMCMAN person{-s} acted, executed the instrument. (
� Commissfon 1k 1291U30 �
� Notary Pubf[C-Califomia � �
� � pronge Gounty �
j ��,m�,�;�anib,�oos WITNESS my hand and offcial seal. J
, �
I j
,
� �
Kim Isaacman /
� Notar�s Stp�awe I
I �
j OPTIONAL lNFORMATION �
jThe information below is not required by law. However, it could prevent fraudu(ent attachment of this '
jacknowledgment to an unauthorized document. �
, �
� CAPACITY CLAIMED BY SIGNER (PRINC DESCRIPTION OF ATTACHED DOCL '
� (
� ❑ Individual �
� 0 Corporate Officer l
I` Vice President Standard Form Subdivision Pa ment Bond I
T���HS� Title or Type of Document �
� � Pattner(s)
I � Attomey-in-fact ,
Trustee(s) j
� 4 - includin this a e '
' � Guardian/Conservator Number of Pa�es '
J � Other: �
�
� �
� July 26, 2004 �
Date of Document j
� SIGNER IS RF,PRESENTING:
� Yame of Person(s)or Entity�ies) I
� Paseo Villa e Develo ment, LLC �
, N /A '
I otn�� �
'—_--_—__________._________------------_________-------_—_—_—___�
- � - �ALIFORNfA ALL-PURPOSE ACKNOWLEDGEMENT
State of California
County of Orange
On before me, Lisa M, Moss,Notary Public
Name and T(tle ot O�cer(e.9.,"Jane Doe,Noiary Public")
personally appeared Philip E.Vega
Name(s)of Si9ner(s)
� personally known ta me -OR- ❑ proved to me on th� basis of satisfactory evidence to be the person(s) whose
name{s) isla�e subscribed to the within instrument and
ackn�wiedged to me tYtat he/shelthey executed the same in
his/herltheir autho�ized capacity(ies), and fhat by hislher/their
�-"' �`� - - � signature(s) on the instrument the person(s}, or the entity upon
LISA A4.MOSS behalf of which the person{s) acted, executed the instrument.
Commission#1275971
�;y,e� Notary Publlc-Calitornta �
.•. � �osAr,9etes count� WfTNESS my hand and official seal.
My Comm.Explres Sep 3,20Q4 n n
��/Jt'��.1��+'L��' L��
Signature of NoWry Public
---------------�_....._.._�_.___M..OPTIONAL-------.�_��.�_�--------------------
Though the informatiort below is not required by/aw,if may prove valuabie ta persons�elying on the document anc!co�ld prevent fraudulenf removai
and reattechment ot this form t�another document.
Description of Attached Document
Title or Type ofi Dacument:
Document Date: Number of Pages:
Signer(s) Other Than Named Above:
Capacity(iesj Claimed by Signer(s)
Signer's Name: Signer's Name:
❑ Individual ❑ individual
❑ Corporate Officer ❑ Corporate Office�
❑ Titles(s): ❑ 7itle(s):
❑ Partner- Limited ❑ General ❑ Partner-❑ Lim+ted ❑ General
❑ Attorney-in-Fact ❑ Attorney-in-Fact
❑ 7rustes ❑ Trustee
❑ Guardian or Conservator . ��
❑ Guardian or Conservator .
❑ Oth@r: Top ofThum6 here � Oth@�: Top of'fhumb here
Signer Is Representing: Signer Is Represenfing:
BO-1 i33 09/QO
CITY 4F PALM DESERT
S7ANDARD FC71�M
, SUBDIVISION
FAITHFU� PEF2FtJRMANCE BOND
NAME OF SUBl�IVISIOf4: ,.p.asPo Vista �
(VAM� C?F SUBDEVft�ER: Paseo Village Development, ,LLC
NAME OF SURETY: _ Lincqln Ge�eral Insurance Com ap�ny
EF��CTIVE DATE; a��2��Q4
AMQUNT OF BbNI�: �32, so�.o0
BOND NUMB�R: 66'l 1 �059
PREMIIlM: $� 025.00
KNOW AL� MEN BY TM�SE PR�SENTS: That the person, firm,
corporation, entity, ar otherwise, named on Line 2 above, withaut regard tv
�ender and number, hereinafter referred to as PRiNClPAL, and the corporation
named on Line 3 above, a corporat(on authorized to da business in the State of
California and presentfy possessed of authority under Title 6 of the Unit�d States
Code to do business under Secfions 6 to 13 thereaf, in the aggregate amounts
hereof, hereinafter referred to as SURE`i'Y, are jantly ar�d severally held �nd
firmly hound unto the City of P�Im Desert, a municipal corpor�tion of th� 5tate af
� California, hereinafter referred to as ClTY, in the sum mentianed an Line 5
above, fvr the faithful performance of that certain SUSOIVISION
IMPRf3VEMENT AGRE�MENT between PRINCIPAL and C(TY regarding fhe
subdivision named an Line 1 above, as required by the provisions of the
G:`PubWaricslPW Temp fiteslFaithful Performance 8ond For,n.dCC
Ja1-2.9-2Q04 14:28 Frcm-PALti1 DESERT PUBLIC 4rOP,KS �ePT 76034170Q8 T-092 P.�29/033 F-593
.. _ 2 _
Subdivision Map Act and CfTY ordinances, resalutions, rules, and regulat�ons, for
the payment of which sums we11 and frufy to be made, PRINCIPAL and SURETY
hereby bind thamselves, their heirs, administrators, executors, successors and
assigns, jaintly and severaliy, firmly by these presents.
The condition of the foregoing abligation is such th�t if the said .
PRINCIPAt� shall faithfully pertorm the covenants, conditions, and agreemenfis
contain�d in that ce�tain SUBDIVISION !MF'ROVEMENT AGREEME�lT between
PRINC[PAL and CfTY regarding the subdivision named an l.ine 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 sp�aifi�d, and shaii
fumish material in compliance with the specifications and perform a(I that certain
work and impravement in said C1TY which is more par�icufarly described in said
SUBDIV1SfON I�VIPR�VEMENT AGREEMENT, then the obligation with respect
to the faithful performance is by this reference incarporated herein.
The said SURETY, for va(ue received, hereby stipulates and agrees that
no change, extension of #ime, alteration or addition to fihe terms of the
SUBD1Vf5iON IMPR4VEMENT AGRE�NlENT or to the worEc tv be performed
thereunder or the specificatians accompanying the same shaf! in anywise affect
its obligations on this bond, and it doas hereby waive notice of any such change,
extension of time, alteration or addition to the terms of the SUBDIVISIQN
IMPROVEMENT AGREEMENT, the work, the specifications or any feature or
item of performance th�reunder, In the event it becQmes necessary for CITY to
G:1PuD'sJor�ts\PW Temp fi1es�Falthful?orfo�m�nce 3ond Form.Qoc
Jut-23-20D4 14:29 Fren-PALI� CeSERT PUBLIC PtORKS DEPT T6�341r098 ?-Q92 P.030/0?3 F-593
. ^ -- - � -
bring an action to enforce this bond, SURETY sha41 pay CiTY'S reasonable
attorney's fees and court eosts in connection therewith.
IN WfTNESS WHERE��, PRINCiPAL AND SUR�TY have executed this
instrument on th� date mentioned on Line � af Page 1 hereaf.
/ — ✓l'�
PRINCIPAL p�seo Village
bevelopmen�, LLC
PRINCfPAL
Lincoln General Insurance Cocnpany
SURETY �
_..---
SUR Y �ga
p
to n y-In-Fact
(Notarial acknow(edgement af executian by ALL S and SURETY
must �e attached.}
G:1PubLVorkalFV!Temp filoslFaithtul Performarce Bond Form,�oc
1 1 .
� � LINCOLN GENERAL iNSURANCE COMPANY
POWE�t OF ATTORNEY
KNOW AT.L ivIEN BX THESE PRESENI'S:'Ihat Lincoln Gcnera!Insurancc Company,arganized and oxisting by virtue of the
Laws of the Commonwcaith of Pesuisylvania,does hcreby nominate.constikute and aDDoint
Philip E. Vega
its true and fawful attomey(s)-in-fact to sign, seai and execute for and on its behalf, as surety,bonds, undertakings, and otha
obligatory instruments of similar nature in an amount not to cxceed Thrce Millton Uollan(S3,OOO,OOQ}and to bind it thereby as
FuI)y and ro thc sam�extcnt as i€such instruments were signed by a duly authorizal offictr of the corporation.and al]the acLs of
said Attornty,putsuani to the a�thority hereby givcn arc hereby ratified and confirmed.
RESOLVED that this Power af Attorney is granted and is signed,sealed and notariz�ed wich facsimile signaturcs and seals under
authority of the following resolurions adopted by the Boazd of Dirxtors of Lincoln Genera(Tnsurance Comparty on the 4'�day of
Septsmber,2002.
RESOLYED that the President,an Extcutivo or Senior Vice President,or any•Vice Ptesident of the Campany,together with the
Secretary or any Assistant Secretary aze hereby authoriud to execute Powers of Attomey appointing the person{s) named as
Attomey(s}-in-Fact to date,execute,sign,seal and deliver on behalf of the Company,fidelity ar�d surety bonds,undertalcings,and
other simitar contracts ofsuretyship,and any retated documents.
RESOLVED FUItTHER that the signatures of the offccers making the appointment,and the signaturc of any afficer certifying
the validity and current status of the appointment,may be fucsimile representations of those signatures;and thc signature and seai
of any notery,and the scal of the Company,may be facsimiie representations af those signatures and seals,and such facsimite
representations af those signetures and s�als,and such fa�simile representations shall have the same fotce and effect as if
manually affviced. The facsimite representations referred to haein may 6e effixed by stamping,prinring,typing,or photocopying.
TN WI'£NESS WHEREOF,Lincoln General Insarance Company has caused its corpora ta be a aced, these presents to
be signed by its duiy authorized officers thss 4th day��eptetn��2002. ��•
\```����``�� 1NS(f���i����' .._-
Attcst , ?�'��pORATFs �q't'��
Gary J. do ,Se tary _ �: c,� --- �.•�_ hojwani,Presid t
'Ihe Commonwealth of Pe�nsytvania =��_ ,o �977 ��� '
York County ��c.7' FNNSri�A��P�a�
,, �;•. .a ,
On this�lth day of Septcmber,2002,before m��ona�l�cam�•.a�C. Bhojwani,to me Imown,who being duly sworn, did
depose end say:thai he is thc Presidcnt of the Corp�bY���d►n and which rxecuted ti�a above instrument:that he lrnows
the seai affixed to the aforesaid insuumeni is such corporate seal and waa affixed thereto by order and aathority af the Board of
Directocs of said Company;and that he ezecuted the said instructtcnt by like otder and authority and the seme was his free act aad _
decd.
Notarial Saal
The Cnmmonwenith of Pennsylvania Cathertne rv�arie l.oase,Notary '
York County Sprtngattsbury Twp.,York C
My Cammiasian Ezplres June 1 Notary Pubii �
I, Gary Chndorff, 5ecretary of Lincoln Gsntra{Inaurance Company, a corpora�on of the Commnnwealth of Pennsytvania do
hereby certify that the above and foregoing is a flitl,true and correci copy of Power of Attorney issued by said Compeny,and of
the whole of the origina! and thai the said Power of Attomey is still in fu11 force and ef�'ect and has not been revoked, and
fmthermore thai the Resoiudon of the Hoazd of Directors,set forth in the snid Power of AKomey is now in force.
tN�'VTTNESS WHEREOF,I have hereunto set my hand and effix�d the seal of said Campany,ai York,peansytvania, this
�_day of Ju 1 y _, 7 f1(�4 ``.,�..,.,�irnrrttp�� '
��o��� � iNSV�i���i
`��,��,,.., .. .. .
�� ' .
��:' �pORAT� '' . J. d ,Secrctary
=C?: V� ..... s�i�=�tn
=z: 1977 :o�
��. ,� _' .Q.. :`�;
;°v• �tiNsr�vP� =;aa.
'/',���`?'!�,,,.,,.,*,.,,,u,.��?��``,`\
- � �ALIFURNIA ALL-PURP�SE ACKNOWLEDGEMENT
State of California
County of Orange
On `� `�`p I�� before me, Lisa M. Moss,Notary Pubflc
t�G�J ���' Nama and Title of OKcer(e.g.,"Jane Doe,Notary Public")
personally appeared Philip E.Vega
Name(s)of Signer(s)
� personally known Eo me -OR- ❑ proved to me on the basis of satisfactory evidence to be the person(sj whose
name(s) is/are subscribed to the within instrument and
acknowledged to me that he/shelthey executed the same in
his/her/their authorized capacity(ies}, and that by his/her/their
� •,.. LISA M.MOSS signature(s) an the instrument the person(s), or the entity upon
Commisslo�#1275971 behalf of which the person(s) acted, executed the instrument.
�•`� - Notory Publfc-Cotifomlp
`�''� Los,qngelea Counly � W17NESS my hand and official seal.
MY Comm.E�cplres Sep 3,2004 r�?� ��n l���/_ _ ^
_s �r� ��g.i��,�
Slgnature of Notary Public
_....___--�---------------------------oPrioNa�- ------------------------------------..
Though the information below is not required by law,it may provs vafaabfe to persons relying on the document and could prevent/raudulent removal
and resttachmenf of fhls form to another documenf.
Description of Attached Document
Title or Type of Document:
Document Date: Number of Pages:
Signer(s)Other Than Named Above:
Capacity(ies) Claimed by Signer{s}
Signer's Name: Signer's Name:
❑ lndividual ❑ Indiwidual
❑ Corporate Officer ❑ Corporate Officer
❑ Titles(s): ❑ Title(s):
❑ Partner-❑ Limited ❑ General ❑ Partner-❑ Limited ❑ General
❑ Attorney-in-Fact ❑ Attomey-in-Fact
❑ Trustee ❑ Trustee
❑ Guardian or Consenrator . ❑ Guardian or Conseroator .
❑ Othe�: Top of Thumb here � Oth@r: Top of Thumb here
Signer Is Representing: Signer Is Representing:
BD-1133 09/00
ALL-PUItPOSE ACKNOWLEDGMENT
��,_,__.._..______.r_.__.r„____,�__.__.,.��_.�„__,__,_,�___._,.._�_.__.�_.�
� State of: California �
j County of: Orange ss' ' j
( On July 26, 2004 before zne, Kim Isaacman j
jDate Natar�• j
� personally appeared Brett Isaacman �
� Sicnerfsl ,
� p personally known to me -OR- O proved to me on the basis of satisfactory �
! evidence to be the person�s} whose name(� �
r is/a�e subscribed to the within instrument and �
1 acknowledged to me that he/�t�e3F executed �
( the same in his���'��� authorizec! �
; capacity(�es}, and that by hisR3e�� '
� signature� on the instrument ihe person{�, �
� or the entity upon behalf of which the �
' �ciM rsMCM�r�
� �m�����pl� person{� acted, executed the instrument. �
! � Notary Pub!!c-Caltfomia � �
I ��mn����m 6,Zoos y WITNESS my hand and official seal. f
i !
t I
1 K�m Isaacman I
' Notary's Sigia .. '
I I
� OPTIONAL INFORMATlON !
� The information below is not required by [aw. However, it could prevent ftaudulent attachment of this �
� acknowledgment to an unauthorized document. �
� �
� CAPACITY CLAIMED BY SIGNER(PRINC DESCRIPTION OF ATTACHED DOCti �
� ❑ Individual �
j � Corporate Officer �
�� j Vice President Standard Form Subdivision Faithful Performance Bond j
� Title(s) Title or Type of Document �
� D Partner(s) �
� � Attorney-in-fact �
� � Trustee(s) 4 - including this page �
� � Guardian/Conservator Number of Pages �
� � Other: �
I I
� July 26, 2004 �
� Date of Document �
� SIGNER IS R�PRESENTING: �
l
IName o(Pesson(s)or E�tity(ics� j
� Paseo Village Development, LLC N /A �
jOther �
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G�oF����� LOCATOR MAP
�' -� TRACT 31969
��.. �.
� � DATE:
: ��
���������� 3���2009 1 inch = 250 feet