HomeMy WebLinkAboutRelease Maint Bond for PM 34843 CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: Release the Maintenance Bond for Parcel Map 34843
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Pacific Pointe Partners, Inc.
3636 Birch Street, Suite 260
Newport Beach, CA 92660
BOND COMPANY: Developers Surety and Indemnity Company
Indemnity Company of California
17780 Fitch, Suite 200
Irvine, CA 92614
�OND NUMBER: 732255S
DATE: May 21, 2009
CONTENTS: Bond
Vicinity Map
Recommendation:
By Minute Motion, authorize the City Clerk to release the maintenance
bond for Parcel Map 34843.
Discussion:
Parcel Map 34843 is located at the south corner of Dinah Shore Drive and Gateway
Drive. At the time of permit issuance, a performance bond was posted with the City for
grading and off-site improvements. The performance bond was released by Council
action on May 22, 2008, and a maintenance bond in the amount of $4,917.53 was
accepted in its place.
The maintenance period is now complete. Staff has inspected the site and found it to be
acceptable.
Staff Report
Release Maintenance Bond for Parcel Map 34843
Page 2 of 2
May 21, 2009
Therefore, staff recommends that Council authorize the City Clerk to release the
maintenance bond for Parcel Map 34843.
Submitted By: Depart nt d:
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Christina Canales Mark Greenw od, P.E.
Assistant Engineer Director of Public Works
Approval:
-`�"Z_.�
omer Croy Paul S. Gibson
ACM for Development Services Finance Director
o n M. Wohlmuth
C� y Manager C[TYCOt1NCILACT[ON
APPROVI?D ✓ �r;�����
ut�.cr�v�o <��rEi�.1a
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MF,ETING DATE -�I-G
AYF;S: � � ` � ,
1�'OES: N'��1�,
ARSF,NT: 1�lcnP.
AI3STAIN:
VF.RIFIED BY:
Original on File with City Clerk s Uffice
G:IPub WorkslStaff Reports120091May 21109 Release Maintenance Bond PM 348431Staff RepoR Release Maintenance Security-PM 34843.docx �
�� INSCO INSURANCE SERVICES, INC.
�nsC���O Underwriting Managerfor:
�� Developers Surety and Indemnity Company
Indemnity Company of California
17780 Fitch,Sulte 20D�trvine,Califarnia 92614�(949)263-3300
MATNTENANCE BOND
BOND NO.: �32255S
Premiutn inctuded in Pei�forma��ce Bond
KNOW ALL MEN BY THESE PRESENTS:
THAT�ve, Manterey Gataway Partners,LLC,a Califomia limited liability company ,as Principal,
and DevelQpers Surefy And Indemnity Company ,a corporation organized and doing basiness uuder
and by virfue of the la�vs of the State of 10Wa and dUly licensed to conduct surety
business in the State of California,as Surety,are held and firmly bound unto
City Of Pafm Desert,a munfclpal corporatian of the State of Cafifornia
as Obligee, in the sum of Four-thousand,Nine-hundred Seventeen and 53l100----
($�F,9T7•53'-'- }Doltars,for which payment,�vell and tndy to be made,we bind ourselves,our heirs,executors
and svccessors,jaintiy and sevei�ally firmly by these presents.
THE CONDITION OF THE OBLTGATION IS SUCH THAT:
WHEREAS,the above naiued Principal entered into an agreement or agreements with said Obligee to:
Complete lmprovements per Irttprovement Agreement between Principal and City for Pointe Monterey Business Park
Numbar 1 , Parcel#34843
'�WHEItEAS,said agreement provided that Prineipal shaIl guarantee replacefnent and repair of iuiprove;nents as described
therein far a period of one year follo�ving final acceptance of said improvements;
NOW,THEREFORE, if the above Principa]shall indemnify the Obligee for aEI loss that Obligee may sustain by reason
of any defective materials or�vorkmanship which becorae apparent during the periad of one year from and After accepfance
of the said improvements by Obligee,then tliis obligation shaIl be void;othenvise to remain in full force aitd effect.
IN WC'TNESS WHEREOF,the seal and signature of said Pri�icipat is hereto affixed and the corporate sea!and the name
of the said Surety is liereto affixed and attested by its duly authorized Attorney-in-Fact
this 5th day of May � 2008
YEAR
Monterey Gateway Partners,LLC, a GA Ltd.l.iability.Co. Developers Surety And Indemnity Company _
Principal
. �
BY:Gateway Partners PD,LLC,a California limited]labllity BY_ C' � � ;�. .�
company,lEs Managing Member olf A,N schaefer Attcmayrn Fact
SY:
Michael J.Massara,Managing Mamber
ID•1201(CA)(One Year Term)(REV.3101)
�owea o�nrro�uev FOR
DEVEI.OPERS SURETYAND INDEMNRYCOMPANY
INDEMkITYCOMPANY OF CALIFOl2NU1
PO Box 19725,IRVINE,Cp 82&23(949)283�3300
KNOWAII MEN BYTHESE PRESEN7S,that as except as expressly 6miled,DEVELOPERS SURETYAND INDEMSNITY COMPAN`f and 1NDEMNtTY COMPANY OF CALfFORNIA,do
each,hereby make,constiNte and appo3nt
***Steven C, Harris, Rvlf A. Neuschaefer,jointly or severally***
as Nelr bue and iaw(ul Ariomey(s}•in-Fact,to make,execute,deGver and acknowledge,fa�d on behaif of sald capaatlons,as suredes,bonds,undertakings and contracts of surety-
shtp gMng and g ranting unto said Aftomey(s}•in-Fact fu�power end sulherify to do and to pedam every act necessary,requfsfte ar proper fo be done fn connectlon therewith as each of
said corporalbns coutd do,but reserving to each ot said corporadons fulf puwer of substitutbn and revoca8on,and aIl of the acts of sald Attaney(s)dn-Fact,pursuant to these presenls,
are hereby raUfied and confrmed.
Thls Paxer olAriomey is granfed and ts signed by facshnNe under and by aufhodry of the idbwln�j resoiutlons adopted by U�e respective Board of Dlrectas of DEVeLOPERS St1RETY
AND 1NDEMNITY COMPANY and INDEMNfTY COMPANY OF CALIFORNL4,eHecWe as of January tst,2008.
RESOLVED,fhat the chafrtnan ot the Board,the President an4 any Yce Pres3dent of ihe corporatlon be,and that each of them hereby Is,authorized to execute Powers of
Atlaney,quatii�ng the altomey(s)namad in tha Powars af Aflanay to ex�ute,orr behalf of the caporadons,bonds,undertakings and contracts of suretyship;and ihat the Secretary w
any Asststant Secretary o(fhe corporaBans be,and each of them hereby�s,authorized to aftest the executlon of any such Power of Altaney;
RESOLVEd,FURTHER,that the signatures of such officers may be affixed to any such Power of Adomey or to any cer�ficala relating thereto by facsimbe,and any such
Power of Ariorney a certificate bearing such tacsimife signatures shall 4a valld and binding uporr lhe corporaBons when so aifoced and in lhe fi�[ure w(th respect to any bond,undedaking
or conUact of suretyshlp io whkh It fs attached.
IN WfTNESS WHEREbF,DEVEIOPERS SURETYAND INDEMhtIN COMPANY and fNDEN{N(TY CaMPANY OF CALIfORNIA hava sevuaHy cansed thesa presents to be signed by
their respectiva Vice Presldent and atfested by their respective Assisfant Secretary this January ist,2008.
�y ytai�ai�,n
By: cr.� �,�,i;�_..AMo,y�� ANY: .
Stephen T.Pate,Senior Vlce Presiden ,gp4`�o�pQ�fd��'� ���b p0���'� ,
tr C t�`. � {�. ��' 9 ;
�Y�
�� � �1oT. �'`� � OCY 5 °�►
Charies!..Da,Asslstant Seaeta �j� �,Q�6 '�°� � i$67 �
Y ry a`���.,�QW��` '�����: �C`�<II�QP���'�'�•.
StateofCa�fomia 4'�'Q��rr�„'������t��`ar .. _ ,�;
County of Orange
On January tst,2008 before me,____ Chdstouher f.�Ro,ach,Notary Public
Date Here Insert Name and Title of the Otficer
personally appeared_ Stephen T.Pata and C6ades L.Day
Name(s}of Signer{s) ����� "-'
who proved to me on the basis of satlsfactory evldence to be the person(s)whose name(s)Ware subsaibed to
. : .:.: . :.. :::: .� .. ,_:.-..:...,, ;-�:�••. :> the witl�in kisWment and acknowiedged to me thal heisheRhey executed ihe same in hlslherAhe�authwlzed
�y����������� capacfly(�es},and fhat by hfslhedlhe(r slgnature(sj on the instrument Vre person{s),a the entity upon behalf of
� � ` CQMIV(.�i�fi�5�sa whkh the person(s)acted;euecufed the inshumenG
- NQl'ARY PUBL(C�:l�ik I cerGty under PENpl.TY OF PERJURY under the laws of the Stale ot Cakfortda that the foregoing pazagraph fs
.'�OR�t10��QU��� ', Uue and correc�
,_ - -
' , _ , , - ,: , . �-. :..,. ;, ,�. �;....c:. ��� WITNESS my hand and o al seal.
Place Notary Seaf Above Signature
Ch er J.Roadi
CER7IFICATE
The underslgned,as Assislent Seaetary,of DEVELOPERS 3URETY RMD INDEMNITY COMPANY and INDEMNIN COMPANI'OF CALIfORNIA,does her8by certify
t�at the toregoing Power of Attomey remalns In tuU tace and has not been revoked,and twthermwe,that lhe prwislons of the resoh�tlons of the respecUve Boards of Di�ectas of sald
caporaU�ns set(orihh ln!he Power otAttomey,are 1n iorce as of tha date ot this Ceroflcale.
Thls Certlflcate ts sxeculed fn lhe Cily of IMne,Catl(omEa,the j f«day M i�7��, ����--
By:
�AIbeR Hille6rand,Assistant eaetary ;
ia�ssa�we��Revar�o7�
CALIFQRNIA ALL-PURPOSE ACKNQWLEDGMENT
J�i�9C:L�i`�'�-Ci�-�.'e�t'.��'� �i .�. . ..�'�.t�-�'(�s-�`��4'.j`Z''`�+�.�Ri'�>''�t���4.`�i'�y�"��?�i'�'`�''�ti-
STATE QF CALf FO�NIA
County of Orange }
p�May 5, 2008 �f«@ me� Sonia Duran, Notary Public
da�B Here tnsad Name antl e o Ihe r �
pe�sonally appeared Rolf A. Neuschaefer
amo s of&tgner(s)
�
who proved to me on !he bssis of satisiactory evidence to
be the person(s) whose namejs) is/are subscribed to the
withln Instrument and acknowled�ed io me that he/sha/they
exeouted the same In his/har/iheir autharized aapacily(fes),
SO��p�� and that by his/heritheirsignatura(sj on the lnstrument ihe
Commtsa►on�]53�154 person(s),or the entity upon behalf oi which the person(s}
"+►' No►ary PwbNc-Calllomic aCted,executed ti�e instrurnant.
' Ora�gaCounry I certity under PENAL7Y OF PERJItEIY under the laws of
ti'N�omm,DcpkeaDec2o,2008 the Stata of California that the toregoing paragraph is true
and nprrect.
Witness my hand a oNici seal.
s�gnature �l� ,
Place Nolary 9eai A6ov8 Sfpnature oi Nolary Puhlic
onr�on��aL
Though the informalfon beiow is not requlred bylav�,lt muy prove valuable fo persons relying on the document
and coufd prevenl/raudulenl remova!and reailachment o�this/arm ta another document.
Description ot AttaChed DOCument
Title or lype ot Document:Maintenance Bond
Document Date:May 5, 2008 Number o(Pages:One
Slgner(s)�ther'than Named Above:
Cepacity(ies)Claimed by Signer(s)
Signe�s Name:Rolf A. Neuschaefer Signer's Name;
I� Indivfduai ❑ Individuai
❑ Carporate Qfticer—7itle(s): L7 Corporate O(t�cer—Title(s}:
Ll pattnflr—U L.fmited Ll Goneral tJ partner---��}L,imited C]General
❑ Attamey fn Fact ❑ Attorney In Fact s•-
❑ Trustee ' I7 Trustee '
� Guartllan or Conservato� Top oi thumb here ❑ �uerQlan o►Conservator top ot�humb here
❑ Other: ❑ Other:
Slgne ls Reproseni(ng: 5fgner fs Repreaenting:
Deve�opers Surety
n n emrn y ompany
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City of Palm Desert ArcIMS Map Output Page 1 of 1
PARCEL. MAP NO. 34843 VICINiTY MAP
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