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Home My WebLink AboutPM 29888 - Release Scrty - Choice Enterprise Real Estate & Invstmnt CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: Release the Improvement Security for Waring Medical and Professional Plaza (PM 29888) SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works APPLICANT: Choice Enterprise Real Estate & Investment Co., Inc. 74-923 Hwy. 111, Ste. 114 Indian Wells, CA 92210 Bond Number: 661117872 Lincoln General Insurance Company PO Box 3709 York, PA 17402 DATE: September 10, 2009 CONTENTS: Performance Bond Labor & Materials Bond Vicinity Map Recommendation: By Minute Motion, release the improvement security for Waring Medical and Professional Plaza (PM 29888). Discussion: At the time of grading permit issuance, the applicant submitted improvement security in the total amount of $135,519 for precise grading and off-site improvements. All grading and improvements have been completed, and the staff has inspected the site and found it to be acceptable. We are waiving the requirement for a one-year maintenance bond because it has been over a year since improvements have been completed. Staff Report Release Improvement Security for Parcel Map 29888 Page 2 of 2 September 10, 2009 Therefore, staff recommends that Council authorize the City Clerk to release the improvement security for Parcel Map 29888 in the total amount of$135,519. Submitted By: Depa e ead: i 1�-,�is-�,ri � a�� Christina Canales Mark Green ood, P.E. Assistant Engineer Director of Public Works Approval: aul S. Gibson n M. Wohlmuth Finance Director ity Manager CITY COUNCILACTION /cc APPROVF.D � DF.NiF,D RECEIVED OTHER MFi�.TING DATE "/� ` � AYES: ' / NOI;S: /V U��. � �_...�,..�� :..... AI3SENT: �.�.��r...._._.__�......��.�._. ABSTAIN: /�� VE R I F I ED BY• . � �J r,.,.�..�..�.,_,..�.. Original on File with City Clerk's Office 1 CITY OF PALM DESERT STANDARDFORM ' SUBD1VISfON FAiTHFUL PERFORMANCE BOND NAME OF SUBDIVfS10N: n Pxo��ssiorrat. PLAZA NAME 0� SUBDIViDER: CHOICE �NTERPRISE RF,,AL ESTAT�; & IN'(IE�TMENT CO., ZNC. NAME QF SUR�TY: �INCOLN GEN�RAL INSURANCE GOMPANY EFFECTIVE DATE: _ .�U�� 2, 2oob t AMOUNT OF BOND: �90,346.oa BC�ND NUMBER: 6611I7872 PREMIUM: $3,o1o.d0 IS �OR A TERM OF TWO (2) �E�.zs KNOW A!L MEN BY THESE PRESENTS: That the person, ftrm, corporafion, entify, or otherwise, named on line 2 above, without regard to gender and number, hereinafter referred to as PRlNClPAL, and the corporation named on Line 3 above, a corporation authorized to do business iri the State of California and presently possessed of authority under Title 6 of the United States Code to d� business under Sections 6 to 13 thereof, in the aggregate amounts hereof, hereinafter referred to as SURETY, are jointly and severally held and firmly bound unto the City of Palm Desert, a municipal corporation of the State af California, hereinafter re#erred to as CITY, in the sum mentioned on Line 5 abave, for the faitf�tul performance of that certain SUBDIVfSIQN IMPROV�MENT AGREEMENT befinreen PRINCIPAL and CITY regarding the subdivision named on Line 7 above, as required by the provision of the Subdivisian Map Acf and CITY ordinances, resolutions, rules, and regulations, for 2 the payment of which sums weli and truly ta be made, PRiNCIPAL and SURETY hereby bind therr�selves, their heirs, adminisfrators, executors, successors and assigns,jointly and severally, firmly by these presents. The condition of the foregoing obligation is such that if the said PRINCIPAL shall faithfully pe�form the covenants, conditions, and agreements contained ir� #hat certain SUBDIVESION IMPROVEMENT AGRE�MENT between , PRiNC1PAL and CITY 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 lcept and performed, in a manner and form therein specifed, and shall furnish material in compliance with the specificatians and perform all that certain work and improvement in said CITY which is more particularly described in said SUBDIVISION IMPROVEMENT AGREEMENT', then the obligation with respect to the faithfuf perFormance is by this reference incorporated herein. The said SURETY, for value received, hereby stipula#es and agrees that no change, extension of time, alteration or addition to the terms of the SUBDIVISlON IMPROVEMENT AGREEMENT or to the work to be performed thereunder or the specifications accompanying #he same shalt in anywise affect its obligations on this bond, and it does hereby waive notice af any such change, extension of time, al#eration or addition to the terms of the SUBDIVISfON {MPROVEMENT AGREEMENT, the woric, the specifications or any feature or item of performance thereunder. In the evenf it becomes necessary for CfTY to bring an action #o enforce fhis bond, SUR�TY shaf! �ay CITY's reasonable aftarney's fees and court eosts in cannection therewith. 3 IN WiTNESS INHEREOF, PRINCIPAL and SURETY have executed this instrument on the date men#ioned on Line 4 of Page 1 hereaf. CHOICE ENTERPRISE REAL ESTATE & INVESTM�NT CO., INC. PRINCIPAL , BX: ' / PR1N L DAVID SACCULLO, PRESIDENT ;ALIFORNfA ALL-PURPOSE ACKNOWLEDGMENT No.5193 State of CALI.F012NZA ��OPTIONAL SECTlON�� CAPACITY CUIIMED BY SIGNER County of SAN DIEGQ Though statute does noi requira the Notary lo till in the data befow, doing so may prove invaluabte to persons relying on the documenl. On ��2�20ab before me, ��B�� p• pAVIS, NOTA1tY PUBLYC �INDIVIDUAL DATE NAME,TITLE OF OFFICER-E.G.,'JANE DOE,NOTAAY PUBLIC• �CORPORATE OFFICER(S) personafly appeared �N J�'� �'�' , NAME(S�OF SIGNER�S) TITLE(S) �personafly Ecnown to me-OR-❑ proved to me on the basis of satisfactory evidence PARTNER(S) LIMITED to be the persan(s) whose name{s} is/are � GEfJERAL subscribed to the within instrument and ao- �A�roR►vEY-it�-FACY knowledged to me tha#he/she/they executed ❑TRUSTEE(S) the same in his/her/their authorizeci �GUARDIAN/CONSERVATOR capacity(ies), and tha# by his/her/their �OTHER: �sE�;°°� DEBORAH D.DAVIS signature(s) on the instrument the person(s), N =r �� • COMM.#i4127aa or the erttity upnn behalf of which the � � m� ,g NOTSAN[NEGO COl1NTY N'A N person(s)acted, executed the instrument. '�IFO N`' My Comm.Exp. APRIL 21,zoo7 Slf NER �IS REPRESENTING: WITNESS my hand and official seal. Nn�+EOFPeRsor,cs�oaEr,T�svpEs� � � �� . SIGfJATUAE QF N07AftY OPTIONAL SECTIQN THES CERTIFICATE MUST BE ATTACNED TO TITL.E OR TYPE OF DOCUMENT THE DOCUMENT DESCRIBEQ AT RIGIiT: - • NUMBER OF PAGES DATE OF pOCUMEN7 Though the data requested here is no!required by law, it could prevent lraudulent reattachmenl of this form. SIGNER(S)OTHER T1-tAN NAMED ABOVE y f. . . . .. �t^ . . �.1NC#�Lh4 GENER.�4L �NSURA�r11G� C��VlPA�fY POWEit OF A'�'TORNE'�'' ` KNOW A�.T,Ie�t4 BY'T.{�S�PRESII�"i'S:'i'hat i.mcoln Geveral Insfuance Com�zY,a�'gani�r,�and e�s�,ug by vimie of the I..aws of the CommonwealYh of Pennsylvania,daes�ereby aommate,constitutc amd appoint: John G_Maloney,tieien Maloney,�Jlark D.iatarola,Karen Jean Nall its #cue and la.wfui�ttorney(s}�-fact�to sign, sea3 and cxccuta for and un its behat�as s�rc4y,bnnds,�mdertakmgs, and othcr ubligatary mstrumenls of s�a7az nalure in an aanaunt not to racceed�7nree Millian Dollsrs(S3,OQ0,000)�d;o bmd it t�.creby as fiilly and to thc s�ne e�ctent as if such imsE�uments were signe�by a du}y ant�ctciztd offieer of t�e eorparation,and�aII the acks of said AttorneY,pursuant to t�ie antbority hereby given�e�ssreby raYified and�onfirmed. i�+SOLVED that fi�is Po�vor of Aitormey 3s ganted and is signed,seaied and�otazized with�acs�ntle sign2mmes�d seals umder authority of th�follov,�mg resolu�Qns ada�ed by�ha Board of Dirxtors ofL'm�oln Gweral T�ce Comp�y an t�e 4�day of � Sept�rnbcr,ZD02. RES�L�D thaY the Presideat,an Execu#ivs or 8cniar Vice Presiden#,ar'�y Vice�'residcnt a,f the CompanY,tn8ether with the 5ecretary vr auy Assist�at Secre�ary�herrby�orized to exxute Powers of A#tomey apPom�ug t�e Pe�on(s)na�d as Attorney(s}in Faat to date,exesa�#e,sign,seal and dc3iver on behalf nf t�e CozupanY,f��itj'and sia-ety bonds,imdertal7ngs,and 9rther s�nilar�antracts of surctys�p,and any rc]atEd dncu�uts. RESOLVED FURTJ3F,R t�at t�o si�►urs of the officxrs making�e appointmen�amd#�e signat�e af a�y o�cer�ng #Ue Vali.dity and�t 5la�i.i5 of#he appoin�t,may be fa�SII�B FY�ICSL�t3hODS Of Y�lOSC Si�;�d#�e signahu�and�eal af an3'�at�y,and the seal of the Ca�anX may�e fat�3a representafians a�'those sg�atiu-as�d scals,�d svch�a�7e �talions of#base si��3 seals,�d s�ch facsm:n7e�se�ox:s sbaIl hays#�,e smme frnr,e and�c$ecE as if m�aIly a�ccd The�acsi�e reFxesentatians�e#'r�zcd to he�iu may be a�xed by stamF�B�P��tYP�B,�P�Q��P3'�& IN Vtii'iT�F.SS�9+'�RFAF',�.anco��neral ius►ammce Cvcr�y�as cayszd iis crnp to be �d, these presents to ��a�y�r�y�o�a o��4�n�y��,��zt�oz. ��1>>Q`,1�n�_ ilY��l�j �\ 4-._ • • A,,_�/ � •��/�� A3test Crary 3. ��R4Tfi��:t��^ ho��,Pres The Co�wea�th nf�e�syivania ��: �� :�� .• Y�co,�� fl."O�,y��v��':a`� � � �{� S � ,, ��s�Y. �� 4n#his 4th day of September,2002,�efnre m��S�c�C.Bhojwani,#o me 3s�o.o'wn,�vho being duiy swcnv,did deFioso.aa�say.thai be is#be Pre�dcnt of#i�e��d'm and whicb exe�trted the a�bove m�hvment ihai he]mows Yhe sea]a�ized to t3�e aforesaxd mstzimieut 3s such cocpar�seal�d was�fixed tlaereta�y order and aut�ority vf ihe Board of �'Je::`w"'�4rs t'�i�='t;..�,,.,�.''Ss��..�"s�.i°.:..�5��,:,.."�ix.,�,�c.ii uy iiic�iza a'Ti�i ata 'i6P1�2¢Ya'E4C S�A�Wi1S U7,S IICC 3C[3IItl �. . hlataria!Seat Tha Commonwealth of Pcnnsylvania �me Marie Larsa,Notsry , Yo$c County . SPr+ngafisbury 7wp..York � `+h'Cnmmission E�q�i�s June� ?JaYary Pu10 �, G"aTY{)rndorf�etxetary af Lmcoln�eral Insur�ce Cozagany,a eorporation of#he Comomonwea7th af Penmsylvania do hereby r.�rlii'y t�at ffie abave and€osegoing is a ftill,true and cor�ect copy of Power tdA#tamey issued by said Corap�y,amd of ihe whole o�'tb.e origa.nal and thst t�c said Powcr vf Ai#�mey is sh11 m fuil #o�e and e$ect aad has not been revokec� a�d fi�rth�re thax the Rasohrtion�f the�o�d.of Directors,s�fort�i�n f.�e said Powcr of r�,ttozney is now m�'orcc. �S�R JA�,�have hersunto set rny 0 O�fl affi�ced t�e seal s3f saiFd Co�y,at'I�zic,pr.�sy2vania, this day of t3aq»trlf� . ��"L ��Sl.!p��i �`��' '' _ "� =� �pRAT�S, ' •.�y d. Secar�ry �U, : L�� ..� �_i�1� =�� 7 :,�_ :�'A� S `�'~P'b' �, �'�� n �' �-a , '''lfl�JJ1{J�J1�7AlK;��t``� Company Pz'ofile Page 1 of 2 �ompany Profile LINC�LN GENERAL INSURANCE C�MPANY p.o. Box 3�09 Y�RK, PA 17402 800-876-3350 Agent for Service of Process 7ERE KEPRIOS, C/O CT C�RPORATION SYSTEM 8I8 WEST SEVENTH STREET,2ND FLOOR LOS ANGELES, CA 90017 � Unable to Locate the Agent for Service of Process? Reference Information NAIC#: 33855 NAYC Group #: 1326 California Company ID#: 4679-7 Date authorized in California: May 11, 2001 License Status: UNLIMITED-N4RMAL Company Type: Property&Casualiy State of Domicile: PENNSYLVANIA Lines of Insurance l�uthorized to Transact The company is authorized to transact business within these lines of insurance.Foz an explanation of any of these terms,please refer to the log ssarv. AUTOMOBILE BURGLARY ` COMMON CARRTER LIABILITY FIRE LIABILITY � R�.ARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY TEAM AND VEHICLE http://interactive.web.insurance.ca.gov/webuser/idb_co_prof utl.get co prof?p EID=62386 b/28/2006 2 1MPROVEMENT AGREEMENT hereinafter mentioned and alf persons, companies ar corporations renting or hiring teams or implements, o� machinery, for contributing to said work to be done, afi persons who pertormed work or labor upon the same, and af! persans who supply both work and mat�rials, and whose claim has not been paid by PRINCfPAL in the just and fuli sum mentioned on Line 5 of Page 1 hereof for the paymertt whereof, wei� and truly to be made, said , PRINCIPAL and SURETY bind themselves, their heirs, administrators, successors and assigns,jointly and severally, firmly by these presents. THE CONDITI�N OF THE OBLIGAT{ON is such that whereas the above- bounden PRINCIPAL has entered into a SUBDIVlSION 1MPROVEMENT AGREEMENT with the City of Palm Desert, a municipal corporation of the State of California, hereinafter referred to as CITY, for the construction of public improvements in the subdivision named on Line 1 of Page 9 hereof, which said SUBDIVISION EMPROVEMENT AGREEMENT is by this reference incorporated herein: NOW, �'HEREFORE, if the above-bounden PRINCIPAL, contractar, person, company or corporafion, or his or its subcontractor or subcontractars, fails to pay for any materials, provisions, provender, or the supplies, or teams used in, upon, for, or about the per#ormance of the wor�c contracted #o be dane, or for any work or labor done thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such wark for labor, SURETY on this bond wifl pay the sama, in an amount not exceeding the ssam specified in this bond, and alsa, in case suit is brought on this bond, a reasonable attorney's fee L:1'femplateslLabor&Materials Bond Subdivision.doc 3 which shal! be awarded by #he court to the prevai(ing party in said suif, said attorney's fee to be #axed as costs in said su�t and to be included in the judgment therein rendered. This bond is executed and frled to comply with the provisions of the Subdivision Map Act; and all CITY ordinances, resolufions, rules and regulations supplementa! thereto; and all arr�endments thereto; and shall inure to the benefit of any and ail materialmen, persons, companies or corporations entif[ed to file :QLIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5193 State of C LIFORNiA �■■■UPtIQNAL SECTION�■� s� Dx�co CAPAClTY CLAIMED BY SIGNER COt111�/Of 7hough statule dces np1 require ihe Notary to till in the date below,doing so may prove invaluable to persons relying on the document. On ��Z�200� before me DEBORAI� D. DAVZS, NOTAR'Y PUBLIC �iNDIv1DUAL DATE ' MAME,TkTLE OF OFFIC�R•E.G.."JANE QOE,NOTARY PUBLIC' � []CORPORATE OF�ICER(S) personaily appeared KAREN J�AN I�ALL NAME{S)OF SIGNER(S) � TITLE(S) �personally known to me-OR-(] proved to rr�e on the basis af satisfactory evidence ❑pARTNER(S) � LIMITED to be the person(s) whose name(s) is/are � GENERAL subscribed ta the within instrument and ac- ��noRNEY-IN-FACT knowledged to me#hat he/she/they executed ❑TRUSTEE(S) the same in his/her/their authorized �GUAROIAN/CONSERVATOR capacity(ies), and that by his/her/their 1'�' signature(s) on the instrument the person�s), ❑OTHER: DEBORAN D.DAVIS y a`'��'N ' COMM.#1412744 or the entity upon bef�alf of which the � � " � person(s) acted, executed the instrument. � o NOTARY P(JBUGCALIFOFNIA m � . snrvoteGocouwry N SIGNER IS REPRESENTING: t C4�IFOpt"P My Comm.Exp. APRI�.2t,2a07 WITNESS I71y r18{1CI BRCI OffIC18I S@3I. NAME OF PERSON{S)OR ENTITY(IES) q k � ��,�.�} 1�---_� �� SIGNATURE OF NOTARY OPTI4NAL SECTIDN THIS CERTIFICATE MUST BE AT7ACHED TO TITLE OR TYPE OF DOCUMEN7 XHE DOCUMENT DESCRfBED AT RIGHT: NUMBER QF PAGES DATE pF DpCUMENT Though the data requested here is not required by law, it could prevenl lraudulent reattachment ot this form. SIGN ER(S)OTHER THAfJ NAMED A80VE L;1TemplateslE,abor&Materiats Bond Subdivision.doc � . LINCOL� G�NE�L �NSUR��G� C��VIPANY . . �o��oF��ro�� KNQW ALL 2vII�BY 1`#i�SB P1tPSEI�T'S:T.�at T.mc41n Ge�eraI Tns�r,�Co�Y�orSani�n�and e�dstiug by virive ofthe T.aws of the Commanweslth of}'ennsylyania,does hereby nommate,cons4ttit�a�d a�oinL• John G.Maloney,ye�en Maloney,Mark D.latarola,}Caren Jean Hall iis true and la.�v&�l atiomey(s}-m-fact to sign, scal and execude for and nn its bcha3�as surety,}�nds,tmd obligatorj'inst�uu�nts of snniiar nahxre in an amouut not to cxcee3 3'hree A'lilllon 1?n2iars °��and oi�er fully snd to#I�e sau're�xtenY as if su�h in�n�mmt�wsre si od b a d (S3,a0D,D�0)amd to bind it�cr�by as said A2tarne SR Y 1s}y�f#�orized officer ofthe corparation,and-aIl thE acts nf X P+��t to f�e au�ority hereby given are bereby r�fied and can�r�:d, RES�LVEU that l�is�rn�vor of A#tamey;s gran{e3 and is signed,seated and zaotarized with facsimi�e si�atures�d sea�s under autharity of the ffll�owiug resolutions adopied by the Board�f i3aectozs of Lincoln t'ieneral Instuancz Co � Y Se�ember,ZD(f2. mP�Y an ti�c� �a oi' � RLSOI.VEt�#hat tlae President,an Executive or Seniar Vice P�den�vr�a�},y�pr�ident a,f ihe to Secret�y vr any Assist�t Secretary a�hcreby authorized#fl zxecute�owcrs of AfYom �I�Y, 8��with t�e t�ttomcy(s}ia�'a�t fin daYe,cxeai#e,sign,�and cieiiver on be�al�of the Co �'��8�P�o�?{5)� as c�iiier sim lar�ontracts of sur �Y��lzty and stsrety bonds,undertakmgs,and atyship,and mryre3atzd dncu�ents. R�SOLVED F[TR1i�?R ti�at the signah�vf thc officsrs making#}�e sppozatr�a�and 3he signahlre of�ry officer crsti.fym8 #he validity aad eun'ent status of fhe app�m��saY��acsi�i3�rc�resevta�ons of those si�;�d the si�ah��d seal trf an9 nal�y,a�d the seal of the CompanY,xffiY b��acs�t�a represcnta�ons o�'t}�Qse sgaaiturs�d sra3s,�d suc'b facsianle �o�s df#hase signahnxs and seaLs,aad�ch facsam7e re�rese�6a�s shail 3�ave#he s�me�e and effed as�' �m�ua37Y affaced. The facsi�e re�e�enfa�ons reictred tn�erein may be af'mced by srmx�ing,Prwti�tYFit�g,vr phoiocoF3'�& itd liV`i3TTL�SS'�EpF,�aco}n�ezat iastaamcc�Y}��i�s c.orpn, to be �s�,ea�y��ty a�ar�a o��¢�� zc�oz «� ��to ��,1t��f'''��, � \� ��:.,...,. ��`� �� ;?:��ar�,z�,� ':t�� - The Coz�ea3�h of�e�sylvania r�� ~ _ hO3�''� Y�c�o,�y =fl:. A��a— ��.. :,�= ' _�--. sr�� •a; ��is 4th day nf Sept�mber 20Ci2 '`'�'�....� ��l dcpose anc�i my:i�at�e is�e��:��°��r��C.Bhoj►vani,to me known,wl�o being du3}'sa'arn,siid the sea]a�ixed ka i3�e aforesaid' ��Ld in�i w�ich r.xecuted#�e ab4ve in��umenL•'t3�at he]mows TM-ectQ;�af z � �05�t 3s suc}�corpQrate seai az�d was a$Qed thereto by azdcr and aut3�arity of the&s�xl of � _-e.-�;�T�i�:�-�,_e,.�.•.,-..�._..,-a;:e s�..�;..�u��i��`Z��s�i nori �md i:ne sa�se �- . 4Y was iai�.s�ee aci and Tha CommDnwealth bf P ►�crtariai sea� c►3�sylvania �herine�fa�L�, , �1'orlc�ounty . Springeusbury 7wp.,Yn�� - �"�"�mntissian Fxpires June 1 . Notary pub ��!'�dor� Secretary of Liuculn Ganeral Iasiu�ance Cflmpany a eaiporalion of t�e Co�nonwealtb of P herebY ccr�fy t�at Y3�e above and foregoiug is a full,true�d coazct �'lvania do t�e who3e oi'the original and that tbe said P�wer af Aif.omey is sfi71 im Qiii3.Z Dfance zmd Ds�E'ect �d bas not been�kec�aud fiu�3aermore thai t�e R�sohition of tbe Board.of Directors,sct for$i in the siid Power oi'.�,tYozaey is now m#'orce. �FS5 V�,p�,T have brze�mto set myh�d and affixed f�e seal of said �ay of JUNE 2Q06 CO��Y,�'�°�,P��''� this �, llililll�l�i • �� L 1�$�4iii�� . ��'�-'��flRAT��, :� �• ,�,. =(�: L� �. � .i�c �- A��7�,4 :�_ ��' ��'SY1.VA� ._�� 'i�� ''----- '��``� ' ,fJJ,��f/tll�1(,l llilltlt�t,,�w```` .�� " � - , � � .� � �� ,� � bf � f i �� p �� p �:�, �� /�� { + � «'1 YYj�'ea ��` . � �� X � .s, r� ��.��P�z�a�'� d��s��.��.��€"�. 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