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Home My WebLink AboutRelease Maint Bond for PP - 05-14 .,....�.-,�.+ CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: Release the Maintenance Bond for Precise Plan 05-14 SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works APPLICANT: Palm Desert Associates 30398 Esperanza Rancho Santa Margarita, CA 92688 BOND COMPANY: Insurance Company of the West P.O. Box 85563 San Diego, CA 92186 BOND NUMBER: 2204110A DATE: May 21, 2009 CONTENTS: Bond Vicinity Map Recommendation: By Minute Motion, authorize the City Clerk to release the maintenance bond for Precise Plan 05-14 Discussion: Precise Plan 05-14 is located on the northeasterly side of Dinah Shore Drive, east of Monterey Avenue. 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 and a maintenance bond in the amount of$4,392 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 Precise Plan 05-14 Page 2 of 2 May 21, 2009 Therefore, staff recommends that Council authorize the City Clerk to release the maintenance bond for Precise Plan 05-14. Submitted By: ,. Depart e t ead: �� ' �� Christina Canales Mark Gree ood, P.E. Assistant Engineer Director of Public Works Approval: /�r�1 Homer Croy Paul S. Gibson � ACM for Development Services Finance Director John Wohlmuth City nager CITY COUNCILACTiON APi'ROVED ✓ t)�N11�.D RCC[;IVED OTHCR /CC M E[;TING DATE �`� -�' AYFS:� �� E.!' � �� i E �. NOF.S: N�� ABSENT: .��1P A13STAIN: �� V[?RIFIEU I3Y: Origin�l on File with City Clerk'� Office G:IPubWorkslStaH Reports12009�May 21108 Release Maintenance Bond PP OS741SR Release Maintenance-PP OS14.docx I.C.W. GROUP �INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego,CA 92186-5563 (858)350-2400 FAX(858)350-2707 MAINTENANCE BOND Bond No.2204110A ICNOW ALL MEN BY THES�PRESENTS: That, Palm Desert Associates, as 1'rincipal, and Insurance Company of the West, a corporation organized under the laws of the State of California and authorized lo do a surety business in the State of California, as Surety, are held and firmly bound unto tlae City of Palm Desert in the sum of Four Tho=�san� Three I-Iundred Ninety Two dollars ($4,392.00),lawfuI money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns,jointly and severally, firmly by these presents: BEALED with our seals and dated this 15th day of May, 200$. WHEREAS, on the 215`of September, 2006,the said Palm Desert Associates,as contractar,entered into a contract for 2'�Phase of building 12 at Palm Desert on Dinah Shore Drive PP OS-14 73771 for the sum of Fourty Three Thousand 1Vine Hundred Twenty dollars($43,920.Od);and, WH�REAS, under the terms of the specifications for said work, the said Palm Desert Associates is required to give a bond for Four Thousand Three Hundred Ninety Two dollars ($4,392.00),to protect the City of Palm Desert against the result af faulty materials or workmanship for a perzod of one year from and after the date of the completion and acceptance of same,namely,until May 13,2009. NOW,THEREFORE, if the said 1'alm Desert Associates shall for a period of one year from and after the date of the completion and acceptance of same by said City of Palm Desert replace any and all defects arising in said work whether resulting from defective materials or defective workmanship,then the above obligation to be vaid; othcrwise to remain in full force and efFect. Palm Desert Associates ., BY: r Insurance Company of the West BY. ;�' ' Ted Collins �� I'TORNEY-IN-FACT GN-ICW lG3(7/OU) CALIFORNYA ALL-PURPOSE ACKNOWLEDGMENT State of California County of San Diego On May 15, 2008 before me, Rebecca Niespodziany,Notary Public personally appeared Ted Collins proved to me on the basis of satisfactary evidence to be the person(s) whose name(s}is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s} on the instrument the person(s), or tne entity upon behalf of which the person(s}acted,executed the instrument. I certify under the PENALTY OF 1'ERJ'URY under the Iaws of the State of California that the foregoing paragraph is true and correct. REBECCA NIESPQDZiAMf � COMM.�is�215 WITNESS my hand and official seal. � NOTARYPUBUGCAIJFQRNIA�n SAtJ DIEGO COUNTY A My Commisalon Expires '� SEP'I�MBER 17,2010 � Signature ofNotary , , , . ,. ; ,. - - ... . ...: � `. :4PTXONAL. _ Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CX.,ATMED BY SIGNER DESCRXI'TION OF ATTACHED DOCUMENT ❑ iNDTVIDUAL ❑ CORPORATE OFFICER Bond 22041]OA,Maintenance Bond,Palm Desert Associates ❑ PARTTTER(S) ❑ LIMITED � ATTORNEY-IN-FACT ❑ TRUSTBE(S) ❑ GUARDIAN/CONSERVATOR OTHER: STGNER IS REPRESENTING: NAME OF FERSON(S)OR ENTITY(IES) Insurance Group of the West cn-icw2a t�roo) _ Nu. 0000010 IC�V GKOUP Powcr of Atton�ey Lisurance Compnny of the West Cxpforer Insurance Company Independence Cnsualty�nd Surely Compnny KNOW ALL MCN BY THGSG PRI=JSCNTS: 7'hul Insurnncc Company of the West,a Corporation duly organiucl under the la�vs of the State oC Califomia, Lxplomr Insurmue Company,a Corporatio�i duly organized undcr tlic la«s of thc S(ale oCCaliComia,nnd fndcpentknce Casualty and 5urety Company,a Corporatior�duly urganized undcr lhc la��s of the Staic oF'Pexas,(cailectivcly refcrrcd to as thc"Companics"),do f�creby appoint TCD COLLINS their tnie and lo�vful Attomey(s}-in-Paet wit6 autliority to dute,erecuie,sign,scal,uud deliver on behaltof Uie Componies,fidelity And surcty t�onds,undertakings,and oAxr: simifar comracts ofsuretysl�iP;.and any related documeuts: - In witi�css whercof,the Gompanics havc causcd Q�es¢presents lo be e�ecuted by its duly au(horized olTicers this 2ncl day ofJnnuary,2008. "",.�..._",�*t ,r-t,ytv �os�rAxro.� �guRAryc� � �p �J`' r Q-� �pn"�* �.,�.: � '�^�,a�, �eT��peroMr�o� � r+/p� �.��fp.n � qr .r � �� -: :. � o SEAL °� `� �i;� iNsuanNce conir,�Nr or Ti�L�r'EST 'k+ecxi�ti'fi � ` o.i : �• v � � E?CI'LOKIIt`II�l3URANCF COi4t['ANl' r�t c '^ �,�a�'�!`o��t�.'r� �•v�,� .',8�"',, ar8; t�uLi�nu�Ncr,cnsuniTi'AND SUItG7'Y COh1PANY �trto� �� 'i.� �'� C�J1��'�"�..�-��-- -��"�' �/GG2+n.�.' � ,�:, � , Jcffrcy D.Swecnoy,Assistanl Sccrelary.: J,Douglns Brownc,5cnior Vicc Presidenc Siate oCCalifoniia County of San Diego � SS, On Junuary 2,2008,before rne,Mury.Cobb,Nofary t'ublic;personally uppprecl J.Douglas IIro«n�c anJ JcfT'rey D,S�veency,who pmved to mc on pio basis ofsntisfactory evidcncc lo be llie person(s)whosc namc(s)is/ure supscribed to lh�witUin instnimcnt,and ackno�vlcc)ged to me tlmt tiicy executed the same in their authorizcd,cupacitics,and ' tltat by their signalures on tlie inslruincnt,the enlily upbn liehalfof ivhicli Uzo petsons acted,c�ccuted Q�o insirument. ' ' '. ` ` : I cerEify under PBNALTY OC P6RJURY under.thc Inws of tlie Siate'of Califoniia that lhc foregoing�ioragrnpli is tn�o nnd correct. . `Witncss iny haiid and oBicial seal. �MM�M��M1M�1� ` ��.. �- corraw �Boa�ga � � MpTARY F�U6LiC�Mtl ,� ;:SAH_DIEGO C�li'Y !� MY�8�D1!EXpb183 + s�t�ER�a:� , ;_ Mary Cobb'Notary.Pubiic RGSOLUTIONS This Po�ver ofAtlorney is gra�iEed and is si�necl,scaled and nolarized with facsimile signatures and seals under authority ofihc following resoluliau�Jopted by ll�e respective ' 13oards of Diroctors oCeacli aCq�e Coinpaiiies:;.': - "RIsSOLVLD::,That lhe Presi�lent;an Cxecutive or Settior Vice t'resident of the Compaiiy,logether.with U�e Secmtary or any Assislant Secretary,are: hereby aulUoriud to execule Powers of Allorney appointing the�ierson(s)iiamed as Allamey(s)-in-fact to dale;cxccute;sign;scal,and dcliver on behalf of tbe Company,fidelity and surety bonds,undertakings,and other similar contrncts of suretyship,and any relaled documents. RGSOLVL-D PURTI•1LR::.That the sig�iatures of lhc oll'icers makiiig�ho uppwnlme�if;and tlic signature of miy o�cer certifying 1he validily and cu�rciit stalus of.dic nppointment;iniry bc facsimile rcprescntalions oCU�osc signatures;.and thc.signaturc eixl scal.of uny nqtary,and the seal of the Coinpniiy,may bc fAcsimi�c represcnlations oFtliosc signatures and seals;tinJ sucii facsimilc rc�irescntations shall liave;the sa�ne force and cfFect ns if �n manually affixcd. 7'hc tncsimile represenlniions refcrrecl to hcreiii may 6c a(TiXed by sfainping,pri�iting,rypin�,or pliotocopyiii�," CGRTIPICA71's. I,ltie ui�dersigned,Assislnnt Secretnry,of Iusurancc Compmiy of Uie Wcst,�xplorcr Insuiaixc Compuny,and hxlependcnce Casualty.and Surety Company,do heroby certify . thut qie foregoing Power of Attomcy'is i�full'fbrco and'e[Pect,and has not been revoked,And that tbo abovo resolutio�is were duty adopted by lhe:respective[ioarcls of: Airectors of the Comganies;and aro noty in full forcc. 1N WPTNG55 WHI'RLOI?I havc set my hand this 1 S th . .day of �Y 20d8 r.-�' 1��'',�?''�-�'� ��i� >JcfTrcy D;Swccncy;Assistant Sei:retary Ta vcrify the authenticiry oClliis Power ofAtlomcy you Enuy call I-800-877-1 I I I ttnd ask for the Surety Drvision: Pleasc rcfcr to tlzc Po�ver e£Altorney Number,tlie above nained'uidividunl(s)and delails oCtlie bond lo whiefi tl�e power is aUuclied, Par inforniation or filing claims,p[ease wntact Surety Clui�iis,[CW Group, 11A55 L'1 Camino Keal;San Dicgo,CA 92130-2045 oi call(858)350.2400. . ` iy �,�:�; �,� � ,��.,. �>, � � �,,, � ,„:. � �'° � �`�� `��,. � z�� . �, f�� ,,,r'� ,. � « � � ,� ��,, � �„ 7�,,�i ^ �,M„ �9�+��Y�I . h .k rW✓P-•� � J"' "£en� ��p.iu:o . �g�_ �/�' '�. � ,. , ,, e , i. u a � �Illll �� . _ 5 ,. . � �I I �: P . . . y§' .' 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Qw , lL ' � 3 _.,.._.� .___ �, "n i ' .._.. �_,_:.A . « � , �� 35THAVE ___. ` ., . , P � ' � �� , �� r . ,� , �, : _... _ .___ . . = '� ; . t� ti, tiE � ; 73771 DInIAH SHOR�'� ' _ ' � . . � � �, ____ _ _, �. , _ _ , . ` w . � o�YAL111d � ��, LOCATOR MAP � � � 73771 DINAH SHORE �, �. �w � �� DATE: "`'�� A�o� 4/27/2009 _ �o�M 1 inch - 250 feet e