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HomeMy WebLinkAboutRelease Scty-Segovia of PD-PP-07-15 CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: RELEASE SECURITY FOR PP 07-15 (SEGOVIA OF PALM DESERT) AND ACCEPT THE ONE-YEAR MAINTENANCE BOND SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works APPLICANT: Segovia of Palm Desert 220 Concourse Blvd. Santa Rosa, CA 95403 First Community Bank Main Office 438 1 St Street Santa Rosa, CA 95404 CD NUMBER: 01-4001997-6 DATE: June 24, 2010 CONTENTS: CD Agreement Maintenance Bond Vicinity Map Recommendation By Minute Motion, release security for PP 07-15 (Segovia of Palm Desert) and accept the one-year maintenance bond. Backqround Segovia of Palm Desert is located on the northeast corner of Monterey Avenue and Country Club Drive. At the time of permit issuance, performance security in the total amount of $259,417 was posted with the City for grading and off-site improvements. Grading and off-site improvements are now complete. Staff has inspected the site and found it to be acceptable. The normal one-year maintenance bond has been submitted in the amount of 10 percent of the Faithful Performance amount. Staff Report Release Security for PP 07-15 (Segovia of Palm Desert) and Accept the One-Year Maintenance Bond June 24, 2010 Page 2 of 2 Fiscal Analysis There is no fiscal impact associated with this action. Prepared By: Departm nt � d: , V_ ��'t�ri.q�� �C�✓1G(_�,� Christina Canales, Assistant Engineer Mark Gree ood, P.E., Director of Public Works ' -��G� ;1 CITY COUI�TCIL A�T10N Paul S. Gibson, Director of Finance APPROVED ' D1+,NTED RECEIVED OTH ER MFETI�G DATE � "���' L' Approval: AYF:S: e��s�i� ��r�Usvn ie�e � y . ._;_. � NOC�: � ( � � � _ y �---__.__ ' AR��NT: �/� A1��7'Ai'�': /Vul7� _. �.--- ..._ _.. Jufi M. Wohlmuth, City Manager �,� i�����,,�� ���,., ���� OE�i�;ia1��9 ��n E`rle w�th (;'st�� �k�.•�:'s t�t'fic•c v Date 1'ax Opened: 12/12/2008 Term: 12 Month(s) �p; 38-3786131 Numbcr: Cer�ifica�e of Deposit AcCOunt NUmber: 01-4 0 019 97-6 Dollar Amount of Deposit: TWO HUNDRED FSF3'Y NINE THOUSAND FOUR HUNDRED SEVENTE�N DOLI,ARS AND 50/100 $ 259,417,5p This Time Deposit is Issued to: Issuer. • Segovia of Palm Desert LLC . First Community Bank CITY Ofi PALh1 DESERT Main Office PLEDGED ACCOO23T 938 lst Street Santa Rosa, CA 95404 Not Ne�otiablc -Not Transfcrable -Additional tcrms arc belotv. ~� By Additional Terms and Disclosures This form contains the terms for yopr time deposit. It is also the Minimam Bplance Requirement: You mast make a minimum deposit to Truth-in-Savings discloswe For those depositors entitled to one. There are additional terms and disclosures on page two of this form, some of open this acCount of$ i,o00.o0 which explain or expand on those below. You should keep one copy of this form. l� You must maintain this minimum balance on a daity basis to earn the Maturity Date:This account matures 12/12/2009 annual percencageyield @isctosed. (See below for renewal inFormation.) Withdrawals of Literest: Interest ❑ accrued ❑ credited during a Rate Information: The interest rate for this accounE is 2.96 % term can be withdrawn: with an annual percentage yield of 3.0� %a. This rate will be paid until the maturiry date specified above. ]nterest begins to accrue on Early Withdrawal Pcnalty: lf we consent to a request for a wididrawal the business day you deposic any noncash item(for example,a check). that is otherwise not permitted you may have to pay a penalry. The Inlerest will be compounded daily . penalty wili be an amount equal to: 90 days� Interest will be credited monthly to the account interest on fhe amount withdrawn. � The annual percenta�e yie[d assumes that interest remains on deposit Renewal Pdicy: until maturity.A witl�drawal of interest�vill reduce earnings. � Sengle Malurity: lf checked, this account wi11 not automatically ❑ If you close your account before interest is credited, you will not renew. Interest D will O will not accrue after maturity. receive the accrucd interest. � Automalic RenewaL• If checked, this account will automatically The 1WMB�R OF �NDOILS�M�NTS needcd for withdrawal or any renew on the maturiry date. other purpose is: Interest x❑ wilI p will not accrue after final maturity. ACCOCJNT OWI�IGRSIIIP: You have requested BACKiJP W1THTiOLDING C�RTIFICATIONS and intend the type of acconnt marked below. T�; 36-3788131 ❑ Individual D loint Account � Taxpaycr I.11. Nu►nbcr - The 'I'axpayer O Exempt Recipients - I am an exempt � 7oint -Husband and Wife�W;en��sn�ors�rv��a�n�P� Ide�tiFication Number shown above (T1N) is recipient under the Internal Revenue Service G7 Communiry Properry -Husband and Wife my correct taxpayer identification number. Regulations, ❑ Tenancy in Common 0 Backu Withholdin T am not sub'ee[ A provision for my signature, certifying ❑ Trusr. Separate Agreerr�ent Dated to backup withholding e'igher because I have undcr penalty of perjury the statemcnts not been notified that I am sub ect to backup checked in this section and that I am a IJ.S. � BUSINESS withholding as a result of a failure to report Person (including a U.S. resident alien), is all interest or dividends, or the In[etnal contained on the first copy of this Revenue Service has notified me U�at 1 am no certilica[e. ❑ Totten Trust or ❑ Pay on Death longer subject co backup withhoiding. Designation as deCned in this agreement • (Beneficiaries'names and addresses) �i1DORSEMENT5-SIGN ONLY WIIEN YOU REQUEST VVITTIDRAWAL X X X �� (�1993 Bankars Systems.Inc.,St.Cloud,MN Form CD-AA-LAZ•CA 11} 6!t ll2005 READ PAG�TWO FOR ADDITfONAL T�RMS (pege 1 0l 2J Doc #10478 4 IMPROVEMENT AGREEMENT DATE OF AGREEMENT: I� � �.�-.. 2� p� NAME OF DEVELQPER: ���GrnDN"r' ��j �t'�, �,,,�V��� (referred to as "DEVELOPER"). NAME �F DEVELOPMENT: S��C�/�� (referred to as "DEVELOPMENT"). DEVELOPMENT RESOLUTION 2�..1� O� APPROVAL NO.: Resolution {referred to as "Resolution of Approval") IMPROVEMENT PLANS NO.: ���� "' I'J (refierred to as "Improvement Plans"}. ESTIMATED TOTAL C4ST OF IMPROVEMENTS:$ ��Jq �I� , �� SURETY: �'��i'T' �c�,rnm.�,�r I�'- ��.T.��,� � cp - GflS� "D�PoSt"os.:_ o t - �ao � � q 1 -- � � This Agreemen# is made and entered info by and between the City of Palm Desert, a municipal corporation of the Stafe of California, hereinafter referred to as "C(TY", and the DEVELOPER. RECITALS A• DEVELOPER has presented to CITY for approval a Conditional Use Permit/Precise Plan af Development pursuant to provisions of the CITY's ordinances and regulations relating fo development approval. B. A Conditional Use Permit/Precis� Plan of Development has been approved, subject to the requirements and conditions contained in the RMAUAIVCD\?60 t Resolution of Approval. The Resolution of Approval is on file in the Office of the Director of Community Development and is incorporated into this Agreement by reference. C• In consideratian of the approval of a Conditional Use Permit/Precise Plan af Development for the DEVELOPMENT by fhe Planning Commision, DEVELOPER desires to enter into this Agreement, whereby DEVELQPER promises to install and complete, at DEVELUPER's own expense, alf the public improvement work required by CITY in connection with the proposed DEVELOPMENT. DEVELOPER has secured this Agreement by improvemen#security required by the City and approved by the City Attorney. �• Complete Improvement Pians for the constructian, installation, and completion of the improvements have been prepared by DEVEL4PER and approved by the City Engineer. The lmprovement Plans numbered as referenced previously in this Agreement are on file in the Office of the City Engineer and are incorporated into this Agreement by #his reference. All references in this Agreement ta the Impravement Plans shall include reference to any specifications for the improvements as approved by the City Engineer. E. An estimate of the cost for cons�ructian of the public improvements and performing land development work in connection with the improvements according to the Improvement Plans has been made and has been approved by the City Engineer. The estimated amount is stated on Page 1 of this RMPUBIVCD\760 Q Agreement. The basis for the estimate is on file in the Office of the City Engineer and is incorporated into this agreement by reference. F� CITY has adopted standards for the construction and installation of improvemenfs within fhe CITY. The Improvement Plans have been prepared in conformance with CITY standards in effect on the date of the Resolutian of . Approval. NOW, THEREFORE, in consideration of the approval of the DEVELOPMENT, DEVELOPER and CITY agree as follows: 1) DEVELOPER's Obli�ation to Construct Improvements. DEVELOPER shall: (a� Compty with all the requirements of the R�solution of Approval, and any amendments thereto. (b) Compfete at DEVEL�PER's own expense, all the public improvement work required by the Resolution of Approval in conformance with approved lmprovement Plans within one year from date of execution of this Agreement. (c) Furnish the necessary materials for completion of the public improvements in conformity with the Improvement Plans. (d} Acquire, or pay the cost of acquisition by CITY, and dedicate all rights-of-way, easements and other interests in real property for constructian and installation of the pubiic improvements, free and clear of al! liens and encumbrances. The DEVELOPER's obligations with regard to acquisition by CITY of off-site rights-of-way, easements and other interests in real property shall be subject to a separate agreement between.DEVELOPER and CITY. RMPU➢1VCD17G0 „ s DEVELOPER shall also be responsible for obtaining any public ar private sanitary sewer, domestic water, drainage, and/or utility easements or authorization to accommodate the DEVELOPMENT. (e) Commence construction of the improvements by the time established in Section (21) of this Agreement and complete the improvements by the deadline stated in Section {1)(b) above, unless a time extension is granted by the CITY as authorized in Section (21). 2) Acquisition and Dedication of Easements or Rights-of-Way. If any of the pubfic improvement and land use develapment work contemplated by this Agreement is to be constructed or installed on land not owned by CITY or DEVELOPER, no construction or insta!lation shall be commenced be#'ore: {a) The offer of dedication to CITY of appropriate rights-of-way, easements or other interests in rea! property, and appropriate authorization from the property owner to alfow construction ar installation of the improvements or work, or {b) The dedication to, and acceptance by, CITY of appropriate rights-ofi- way, easements or other interests in real property, as determined by the City Engineer, or (c) The issuance by a court of competent jurisdiction pursuant to the State Eminent Domain Law of an order of possession. DEVELOPER shall comply in all respects with the order of possession. RMPUBIVCD176D , f Nothing in this Section (2) shafl be construed as authorizing or granting an extension of time to DEVELOPER. 3) Security. DEVELOPER shafl at all times guarantee DEVELOPER's performance by furnishing to CITY, and maintaining, good and sufficient security as required on forms approved by CITY for the purposes and in fhe amounts as follows: (a} to assure faithful performance of this Agreement in regard to said improvements in an amount of 100% of #he estimated cost of the improvements; and (b) to secure payment #o any contractor, subcontractor, persons renting equipment, or furnishing labor and materials for the improvements required to be constructed and installed pursuant to this Agreement in the additional amount of 50% of the estimated cost of the improvements; and The securities required by this Agreement shall be kept on file with the City Clerk. The terms of fhe security documents referenced on page 1 of this Agreement are incorporated into this Agreement by this reference. ' If any security is repfaced by another approved security, the replacement shall: 1) comply with all the requirements for security in this Agreement; 2) be provided to the City Engineer to be filed with the City Clerk and, upon filing, 3) shall be deemed to have been made a part of and incorparated into this Agreement. Upon provision of a replacement security with the City Engineer and filing of a replacemenf security with the City Clerk, the former security rnay be rel�ased. RMPUB\VCD\7W � 4} Alterations to Improvement Plans. (a} Any changes, alterations or additions fo the Improvement Plans not exceeding ten percent (10%) af the original estimated cosf of the improvements, which are mutuaf(y agreed upon by CITY and DEVELOPER, shali not relieve the improvement security given for faithful perf'ormance of this Agreement. In the event such changes, alterations, or additions exceed 10% of the original estimated cost of the improvement, DEVELOPER shall provide improvement security tor faithful pertormance as required by Section {3) of this Agreement for one hundred percent (10Q%) of the total estimated cost of fhe improvements as changed, altered, or amended, minus any completed partial releases allawed by Section (6) of this Agreement. (b) The DEVEL�PER shafl construct the improvements in accordance with CITY standards in effect at the time of adoption of the Resolution of Approval. CITY reserves the right to modify the standards applicable to the DEVELOPMENT and this Agreement, when necessary to protect the public safety or welfare or comply wifh applicable state or federal law or CITY zoning ordinances. If DEVELOPER requests and is granted an extension of fime for completion of the improvements, CITY may apply the standards in effect at the time of the extension. 5) Inspection. DEVELOPER shall at a!� times maintain proper facilities and safe access for inspection of the public improvements by CITY inspectors and to the shops wherein any work is in preparation. Upon completion of the work, DEVELOPER may request a final inspection by the City Engineer, or the City R�1PUB1VCD1760 � Engineer's authorized representative. If the City Engineer, or the designated representative, determines that the work has been completed in accordance with fhis Agreernent, then the City Engineer shall certify the completion of the public improvements to the City Council. No improvements shall be finally accepted unless all aspects of the work have been inspected and completed in accordance with the Improvement Plans. When applicable law requires an inspection to be made by City at a particular stage af the work of constructing and instalfing such improvements, CiTY shall be given timely notice of DEVELOPER's readiness for such inspection and DEVELOPER shall not proceed with additional work unti! the inspection has been made and the work appraved. DEVELOPER shall bear all costs of inspection and certificatian. No improvements shaff be deemed completed until accepted pursuant to Section (16) herein. 6) Release of Securities. The securities required by this Agreement sha[I be released as fo(lowing: (a) Security given for faithful performance of any act, obligation, work or agreement shall be released upon the final completion and acceptance af the act or work, subject to the provisions of subsection (b) hereof. (b) The City Engineer may release a portion af the security given for faithful perFormance of improvement work as the improvement progresses upon application thereof by the DEVELOPER; provided, however, that no such release shall be for an amaunt less than #wenty-five percent (25%� afi the tataf improv�ment security given for faithful performance of the improvement work and that the security shall nat be reduced to an amount less than fifty percent (50%} of the total irr�provement sec�rity given for faithful performance until final completion and acceptance of the improvement RMPUB\VCD\760 , work. In no event shall the City Engineer authorize a retease of the improvemen# security which would reduce such security to an amount below that required to guarantee the completion of the improvement work and any other obligation imposed by this Agreement. (c} Security given to secure payment to the contractor, his or her subcontractors and to persons furnishing labor, materials or equipment shall, at six (6) mon#hs after completian and acceptance of the work, be reduced to an amount equal to no less than 125% of the total claimed by al! claimants for whom liens have been filed and of which notice has been given to the CITY, plus an amount reasonably determined by the City Engineer to be required to assure the performance of any ofher obligations secured by the Security. The ba[ance af the security shal! be releasec! upon the setflement of all claims and obligafions for which the security was given. (d) CITY may retain from any security released, an amount sufficient to cover costs and reasonable expenses and fees, including reasonable attorneys'fees. 7) Injury to Public Improvements, Public Property or Public Utilities Facilities. DEVELOPER shall replace or repair or have replaced or repaired, as the case may be, all public improvements, public utilities facilities and surveying or subdivision monuments which are destroyed or damaged as a resuit of any work under fhis Agreement. DEVELOPER shall bear the entire cost of repiacement ar repairs of any and all public or public utility property damaged or destroyed by . reason of any work done under this Agreement, whether such proper#y is owned by the United States or any agency thereof, or the State of California, or any agency or political subdivision thereof, or by CITY or any public or private utility corporation or xnzrua�vc����a .. by any combinatian of such owners. Any repair or replacement shall be to the satisfaction, and subject to the approval, of the City Engineer. 8) Permits. DEVELOPER shall, at DEVEL(�PER's expense, obtain all ' necessary permits and licenses for the construction and installation of the improvements, give all necessary notices and pay all fees and taxes required by(aw. 9) Default of DEVELC�PER. (a) Default of DEVELOPER shall include, but nat be fimited to, (1) DEVEL�PER's failure to timely commence construction of this Agreement; {2) DEVELOPER's failure to timely complete construction of the improvements; (3) DEVELOPER's failure to timely cure any defect in the improvements; (4) DEVELOPER's failure to perForm subsfantiat construction work for a period o# #wenty (20) calendar days after commencement of the work; (5) DEVELUPER's insolvency, appointment of a receiver, or the filing of any petition in banEcruptcy either volun#ary or involuntary which DEVELOPER fails to discharge within thirty (30) days; (6) the commencement of a foreclosure action against the DEVELOPMENT or a portion thereof, or any canveyance in fieu or in avoidance of foreclosure; or (7) DEVELOPER's failure to perform any other obligation under this Agreement. xnei�us�vcD��bo .. � (b) CITY reserves to itself all remedies available to it at law or in equity fior breach of DEVELOPER's obligations under this Agreement. CITY shall have fhe right, subject to this Section, to draw upon or utilize the appropriate security fo mitigate CITY's damages in even#of default by DEVELOPER. The right of C1TY to draw upon ar utilize the security is additional to and not in lieu of any other remedy available ta CITY. It is specifically recognized that the estimated costs and security amounts may not reflect the actua! cost of construction or instaHation of the improvements and, therefore, GTY's damages for DEVELOPER's default shall be measured by the cost of compieting #he required improvements. The sums provided by the improvement security may be usecE by CITY for the comp(etion of the public improvements in accordance with the improvernent plans and specifications contained herein. (c) In the event of DEVELOPER's default under this Agreement, DEVELOPER authorizes C1TY to perform such obligation twenty (20} days after mailing written notice of default to DEVELOPER and to DEVEL�PER's surety, and agrees to pay the entire cost of such performance by C1TY. CITY may take over the work and prosecute the same to completion, by cantract or by any other method CITY may deem advisable, for the account and at the expense of DEVELOPER, and DEVELOPER's surety shall be liable to CITY for any excess cost or damages occasioned CITY thereby. ln such event, CITY,-without liability for so doing, may take possession of, and utilize in completing the work, such materials, appliances, plants and other property belonging to DEV�LOPER as may be on the site of the work and necessary for perFormance of the work. RMPUBIVCD\760 • � (d� Failure of DEVELOPER to comply with the terms of this Agreement shall constifute consent to the filing by CITY of nofice of violatian against all proposed improvements in the DEVELOPMENT, or ta rescind the approval or otherwise revert the DEVEL.�PMENT to acreage. The remedy provided by this subsection (c} is in addition to and not in lieu of other remedies avaifable to CITY. DEVELOPER agrees that the choice of remedy or remedies for DEVELOPER's breach shall be in the discretion of CITY. (e) In the event that DEVELOPER fails to perForm any obligation hereunder, DEVELOPER agrees to pay all costs and expenses incurred by CITY in securing performance of such obligations, including but not limited fo fees and charges of architects, engineers, a#torneys, other professionals, and court costs. (f) The failure of CITY to take an enforcement action with respect fo a default, or to declare a breach, shall not 6e construed as a waiver of that default or breach or any subsequent defaulf ar breach of DEVELOPER. (10) DEVE�OPER Not Agent of CfTY. Neither DEVELOPER nor any of DEVELQPER's agents, contractors or subcontractors are or shall be considered to be agents of CITY in connection with the performance of DEVELOPER'S obligations under this Agreement. (11) Iniury to Work. Until such time as the improvements are accepted by CITY, DEVELOPER shall be responsible for and bear the risk of loss to any of the improvements constructed or installed. Until such time as all improvements required by this Agreement are fully completed and accepted by CITY, DEVELOPER wi(I be responsible for the care, maintenance of, ancf any damage to such improvements. RMPU81VCD1760 � CITY shall not, nor shall any officer or employee thereof, be liabte or responsible for any accident, loss or damage, regardless of cause, happening or occurring to the work or improvements specified in this Agreement prior to the completion and acceptance of the work or improvements. All such risks shat! be the responsibility of and are hereby assumed by DEVELOPER. (12} Environmental Warran . Prior fo fhe acceptance of any dedications or improveme�ts by CITY, DEVEL�PER shall certify and warrant that neither the property to be dedicated nor DEVELOPER is in violafion of any environmental law and neither the property to be dedicated nor the DEVELOPER is subject to any existing, pending or threatened investigation by any federal, state or local governmental authority under or in connectian with environmenta! law. Neither DEVELOPER nor any third par#y will use, generate, manufacture, produce, or release, an, under, or about the property ta be dedicated, any hazardous substance excep# in compliance wi#h all applicable environmental laws. DEVELOPER has not caused ar permitted the release af, and has na knowledge of the release or presence of, any hazardous substance on the property to be dedicated or #he migration of any hazardous substance from or to any other property adjacent to, or in the vicinity of, the property to be dedica#ed. DEVELOPER's prior and present use of the property to be dedicated has not resulted in the release of any hazardous substance on the property to be dedicated. DEVEL�PER shafl give prompt written notice to CITY at the address set forth herein ofi: (a) Any proceeding or investigation by any federal, state or local governmenta( authority with respect ta the presence of any hazardous substance on the property to be dedicated or the migration thereof from or to RiviPUB\VCD\760 any other property adjacent to, or in the vicinity of, the property to be dedicated; (b) Any claims made or threatened by any third party against CfTY or the property to be dedicated relating to any foss or injury resulting from any hazardous substance; and, {c) DEVELOPER's discovery of any occurrence or condition on any property adjoining in the vicinity of the property to be dedicated that could cause the property to be dedicated or any part #hereof to be subject to any restrictions on its ownership, occupancy, use for the purpose for which is it is intended, transferability or suit under any environmental law. (13) Other Aareements. Nothing contained in this Agreement shall preciude CITY from expending manies pursuant to agreements concurrently or previously executed between the parties, or from entering inta agreements with other developers for the apportionment of costs of water and sewer mains, or other improvemen#s, pursuant to the provisions of the C1TY ordinances providing therefore, nor shalf anything in this Agreement commit CITY to any such apportionment. (�4} DEVELOPER'S Obliqatian to Warn Public Durinq Construction. Until farmal final acceptance of #he improvements, DEVELOPER shall give good and adequate warning to the public of each and every dangerous condition existent in said improvements, and wili take all reasonable activns to protect the public from such dangerous condition. (15) VestinA of Ownership. Upon formal final acceptance of the work by CITY and recordation of the Resolution af Acceptance of Public Improvements, RMPUBIVCD\760 ownership of the improvemen#s constructed pursuant ta this Agreement shall vest in CITY. t��) Final Acceptance of Work. Acceptance of the work on behalf of CITY shall be made by the City Council upon recammendation of the City Engineer after finaf completion and inspection of all improvements. The City Caunci! shall acf upon the Engineer's recommendation within sixty (60) days from the date the City Engineer certifies that the work has been finally completed, as provided in Section (6}. Such acceptance shall nat canstitute a waiver of defiects by CITY. (17) Indemnitv/Hold Harmless. CITY or any officer or employee thereof shall not be liable for any injury ta persons or property occasioned by reason of the acts ar omissions of DEVELOPER, its agents, or employees, contractors and subcontractars in the performance of this Agreement. DEVELOPER further agrees to protect, defend, indemnify and hold harmless CITY, its officials, boards and commissions, and members thereof, agents and employees from any and all claims, demands, causes of action, liability or loss of any sort, because of, or arising out of, acts or amissions of DEVEL�PER, its agents, emplayees, contractors and subcan#ractors in the performance of this Agreement, except for such claims, demands, causes of action, liability, or loss arising out of the sole acfive negligence af the CITY, its afficials, boards, commissions, the members thereof, agents, and employees, including all claims, demands, causes of action, liability, or loss because of, or arising out of, in whole or in part, the design or construction af the improvements. This indemnif3cation and agreement to hold harmless shall extend to injuries to persons and damages or faking of property resulting from the design or construction of said DEVELOPMENT, and the public improvements as provided herein, and in addition, ta adjacent praperty owners as a consequence of the RMPU➢1VCDqGO d diversion of waters from the design and construction of public drainage systems, streets and other pub[ic improvements. Acceptance by CITY of the improvements shall not constitute an assumption by CITY of any responsibility far any damage or taking covered by this Section. CITY shalf not be responsible for the design ar construction af the property ta be dedicated or the improvements pursuant to the approved impravement plans or map, regardless of any negligent action or inaction taken by CITY in approving the pians or map, unless the particular improvemenf design was specificalfy required by CITY over writ�e� objection by DEVELOPER submitted to the City Engineer be#'are approval of the particular improvement design, which objection indicated that the particular improvement design was dangerous or defective and suggested an alternative safe and feasible design. After acceptance of the improvements, the DEVELOPER shall remain obligated fo eliminate any defect in design or dangerous condition caused by the design or construction defect; however, DEVELOPER shall nof be responsible for routine maintenance. Provisions of fhis Section shall remain in ful[ farce and effect for ten (10) years foflowing the accepfance by ClTY of the improvements. It is the intent of this Section that DEVELOPER shalf be responsible for a!I liability for design and construction of the improvements installed or wark done pursuant to this Agreement and that CITY shall not be liabfe for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or inspecting any work or construction. The improvement securify shall not be required to cover the provisions of this Section. DEVELOPER shall reimburse C1TY for all costs and expenses (including but not limited to fees and charges af architects, engineers, attorneys, and other professionals, and court costs) incurred by CITY in enforcing the provisions of this Section. RMPUBIVCD176D f ��$) Personal Nature of DEVELOPER'S Obii ations. All of DEVELOPER's obligations under this agreement are and shall remain the personal obligations of DEVELOPER notwithstanding a transfer of all or any part of the property within the DEVELOPMENT subjecf to this Agreement, and DEVELOPER shafl not be entitled fo assign its ob)igations under this Agreemenf to any #ransferee of al1 or any part of the property within th� DEVELOPMENT or to any other third party without the express written consent of CITY. (19} Sale or Disposition of DEVELpPMENT. Seller or other DEVELOPER may request a novation of fhis Agreement and a subsfitution of security. Upon approval of the novation and substitution of securities, the DEVELpPER may request a release or reducfion of the securities required by this Agreement. Nothing in the novation shall re(ieve the DEVELOPER of the obligations under Section (17) for the work or improvement done by DEVEL�PER. {20) Time of the Essence. Time is of the essence in the performance of this Agreement. �21) Time for Commencement of Work• Time Extensions. D�VELOPER shall commence substan#ial constructian of the improvements required by this Agreement nat later than six (6) months after the date of this Agreement. In the event good cause exists as determined by the City Engineer, the tirne for camrnencement of canstruction or completion of the improvements hereunder may be extended for a period or periods not exceeding a fotal of twa (2) additional years. The extension shall be executed in writing by the City Engineer. Any such extension may be granted without no#ice to DEVELOPER's surety and shalf not affect the validity of this Agreement or release the surety or sureties on any security given for this Agreement. The City Engineer shall be the sole and final judge as to whether or RlvlPilB1VCD\7G0 r, IN WITNESS WHEREOF, fhis Agreement is executed by the parties as of the date hereinabove first written; by CITY, by and through its Mayor. --�_ DEVELOP�R CITY OF PALM DESERT t�u i I I ic�rr�. '1? Gal l 4.heY' awner DEVELOPER By' MAYOR (Proper Notarization of DEVELOPER's signature is required and shall be attached) ATTES7: CITY CLERK APPROVED AS TO FORM: CITY ATTORNEY RMPUB\VCD17G0 �` f C�#L.lFORN1A ALL.pURPOSE ACKNOWI.EDGMLNT State of Califarnia Count of �„� 0 /a� �008 before me, �, / d //� Da e `l�l H Insert Name antl Title of the Ofiicer personaHy appeared /� , ����,_, Neme(a of Slyne s} who proved to me on the basis of satisfiactory evidence to be the person�sl whose name(s,�i�/are subscribed to t�e wi#hin instrument and acknowledged ta me that he/shelfhey executed the same in his/her/their autt�orized ��Pa��ry(�s�„ and that by his/her/their signature� on the instrument fhe person�, or the entity upon behalf of _ _ which the persan(�s,�acted, exe�uted the instrument. NANCI'L.HAiI Z �� C�MM. �t6tab8� � 1 certify under PENALTY OF PERJURY under the laws Nolary Public-Calibrnia o of the State of California that the fore o(n Sonoma Ceunty -• g g paragraph is ��•�x �a Od.18,Z009� #��e and correct. WITNESS my han offici f seal. Placo Notary Seaf Above Signature lure of Notery Pub1k oPrlonrac 7riough the infarmafion below is not reguired by/aw,it may prove vaJuable to persons relyinq on!he documenl and could prevent/raudulent remova!and reattachment of this form fo another document. Description of Attached Document Title or Type af Docurnent: Document Date: Number of Pages: 5igner(s)OtherThan NamedAbove: Capac"sty{ies} Claimed by Signer(s) � Signer's Name; Signer's Narne: O Individual 0 Individual D Corporate Officer—Titte(s): O Corporate Officer—Tiite{s): � Partner—O Limited C7 General ❑Partner—p Limited p General ❑ Attorney in Fact • �• ❑Attorney in Fact � Trustee Top o(thumb here ' �'. ❑7rustee Top ot thumb here ❑ Guardian or Conservator Cl Guardian or Conservator O Other: ' 0 Other: Signer fs Representing:^,_,_^ Signer is Representing: �ZOD7NaU0nnINol6ryqsppcWyon.g35ppec„otpAva�P.Q800c24q2•Chel,�rvrorth,CA9f3l&24Q2•wwyv.Na6analNWary,org Itemk5807 qgo�der,Cal�TolFFree1-gpp.87fG827 ---- � __ MAINTENANCE Travelers Casualty and Surety Company of America BOND HartFord, cr as�s3 Bond No.: 105455323 KNOWN ALL BY THESE PRESENTS: That We _s��o��a oera�m u�s�rt L�.c� as Principai, c�11C) �'ruvelersCasual and e Com anvofAmer�en ' organized and existing under the Laws of the State o�F_ c„n„e�t;��t � a corporation and firmly bound unto c;r�orra�m n�s�rr , as Surety, are held tOtal 5Uf11 OP Seventcen Tiioasand Trvo Hundred NInetv-Fivc AND DOlIOQ DOLLARS � as �bligee, in the U.S. Dallars ( �17�9511() }for the payment whereof said Principal anci Surety bind themselves,jointly and severally, as provided herein. WHEREAS, the Principal entered into a contract with the �bligee dated io/aa/aoos for Muintennnee of ofE site Im rovements includin sidewnll:,curb n�d landscu e installatiun in connectlon tiyith n devela ment kno�vn as Se�oviu ("Work"). NOW, THERE�ORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall maintain and remedy said Work free from defects in materia[s and warkmanship fior a periad of o_� year(s) commencing on July s, zoio "Maintenance Period"), then this obligation shall be void; otherwise it shall remain in full force and effeet. AS part of the obligation secured hereby, and in the event legal action is required to enforce or interpret the provision or performance of the agreement, there shall be included costs and reasonable expenses and fees to the prevailing party, including reasonable attorney's fees all to be taxed as costs and included in any judgement rendered. PR4VIDED, HOWEVER, that any suit under this bond shall be cammenced no later than one (1) year from the expiration date of #he Maintenance Period; provided, however, that if fhis fimitation is prohibited by any law controlling the construction hereof, such Iimitation shall be deemed to be amended sa as to be equal to the minimum period of limitation permitted by such law, and said periad of limi#ation shall be deemed to have accrued and shall commence to run on the expiration date of the Maintenance Period. SIGNED this ,_ ,�r,, day of .rj,,,i� , , aio Segovia of Palm Descrt LLC (Principal) By: Travclers Casunity an Surety Compa , � y�� < ,, gy. .. ,.r Melinda Cnrlson , Attarney-ln-�a -- WARNWG:THIS POWER OFATTORNEY IS INVALID WITHOUT THE RED BORDER TRAVELERS/� P��'�'ER OFATTORNEY Farmington Casualty Company Fidelity and Guaranty Insurance Company St•Paul Mercury Insurance Company Fidelity and Guaranty Insurance Underwriters,Inc. n'avelers Casualty and Surety Company St.Paul Fire and Marine Insurance Company �'avelers Casualty and Surety Company of America St.Paul Guardian Insurance Company United States Fidelity and Guaranty Company Attorney-In Fact No. 221935 ��3,�,� ��8� Certificate No. KNO W ALL MEN BY THESE PRESENTS:That St.Paul Fire and Marine Insurance Company,St.Paul Guardian Insurance Company and St.Paul Mercury Insurance Company are corporations duly orga�ized under the laws of the S[ate of Minnesota,that Fazmington Casualty Company,Travelers Casualty and Surety Compaay,and Travelers Casualty and Surety Company of America are corporations duly organized under the]aws of the State of Connecticut,that United States Fidelity and Guaranty Company is a corporation duly organized under the laws of the State of Maryland,that Fidelity and Guaranty Insurance Company is a corporation duly organized under the laws of the State of Iowa,and that Fidelity and Guaranty Insurance Underwriters,Inc.,is a corporation duly organized under the laws of the Sli1te of Wisconsin (herein collectively called[he"Companies"),and that the Companies do hereby make,constitute and appoint Eric Zimmerman,Karen Swanson,Brent E.Heilesen,Anne E.Strieby,James B.Binder,Peter J.Comfort,Jennifer L.Snyder,Lisa Kerstetter,Julie R.Truitt, Peggy A.Firth,Tamarie Ellingsen,Steve Marinkovich,Melinda Carlson,and Christopher Kinyon of the City of__ Tasoma ,State of Wachinutnn ,their true and lawful Attome 5-in-Fact, each in their separate capacity if more than one is named above,to sign,execute,seal and acknowledge any and all bonds,recognizances,conditional undertakings and Y(�) other writings obligatory in the nature Ihereof on behalf of the Companies in theic business o£guaranteeing the fidelity of persons,guaranteeiug the performance of contracts and executing or guaranteeing bonds and undertakings required or permltted in any'actions or proceedings a]lowed by law. IN WITNESS WHEREOF,the Companies have caused this instrurttet�t to be szgned and their corporate seals to be hereto affixed,this day of December 2009 29th Farmington Casualty Comp�ny St.Paul Mercury Insurance Company Fidelity and Guaranty T�surance C�rnpany , T�avelers Casualty and Surety Company Fidelity and Guaranty Insurance UnderwrIters,Inc. Tt�avelers Casualty and Surety Company of America St.Paul Fire and Marine Insurance Company United States Fidelity and Guaranty Company 5t.Paul Guardian Insurance Company ��su,�<T _aWtTY� �,o„�wwix p?��"yYoq�r� ��y- � '�,FIAE 6 ' O\�N i,ySG "'Y NSU fV q �'Y � 1'SZ�O [f wr�,,,�� _ 9 rEORPOR �� 4JP:........;79'{. 0VP` N��P N��F7 �,y�1�Y ��e t a! � ,��7� Q "'^"�MfM1ED N m �� ��>F,m W:�pPPORATf:�"� �p �s� � '`�� y\� �Qo' ��, d,` ctF,�� y J�i �f. n I: .� a HARTFORD� �NARTp `Tc �- � y� tiN �.� �8 ;r, or �.,5EALlaJ �� o O �� < �m,.�.Y R�'��n11nw�G a1.....A'�J '��,.g8A.7i;s3 ; CONN, eo ��C41N.�� Q 1Ql88��: � `$NMN js.........�e� `y1 N�L ,(� U. " :,,� '"�►3r�� State of Connecticut Ci[y of HartFord ss. BY� Georg Thompsou,,�nior ice President on this che 29th aay of �ecember 2009 himself to be the Se�ior Vice President of Farmington Casualry Company, Fidelity and Guaranty Insu anc�e C�p ny,Fidel ty an G aranty Insu ance Uude w��n�ter d Inc., St. Paul Fire and Marine Insurance Company, St. Paul Guardian Insurance Company, St. Paul Mercury Insurance Company,Travelers Casualry and Surery Company,Travelers Casualty and Surety Company of America,and United States Fidelity and Guaranty Company,and that he,as such,being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing on behalf of the corporations by himself as a duly authorized officer. �C.T�� In Witness Whereof,I hereunto set my hand and official seal. TIN� �w� �� /1 `� My Commission expires the 30th day of June,2011. p�,� W�' " `� �" ���G� Marie C.Tetreault,Notary Public � 58440-4-09 Printedin U.S.A. WARNING:THIS POWER OF ATTORNEY IS INVALID WITHOUT THE RED BORDER PI' 07-15 SEGOVIq pF Pq LM DESERT rr��"�:: _ � ;� � �_ m..�. ... - � � a ' ,� > � �� �_ __ .. A . �,� ._ ; W � � ��._.� 1 � ; � � � . i o: � ,� , ;� � , ._ y��. . _ � ,� . � _ .. � _� � �`_ _�---STR�1�A-f'�R�~liN�_.�... ; � CA . _ - � ._,_ -�,� r , - - � -. � �� y, 1 , � ,.. "��...� . �� � � �.,� - , � � , � � _ �.. . , , �. � �--�- �e.�.�.� ; � � , , --.~�--�-_�� �_�_„_����_�,- � r , , _ , , ,, ; , ; _ ( � _, „ ` � � � I , I ..m.... _. > � _ r�t � � � �� SEGC?VIA C3F PALM _ . _v �_w - � DESERT ��-�������.�__ ____. � � � �_. ., � �__a f - .. � - � � 5� APN:620391015 ry£ "� � -1 � ' � House#:0 ,_ ; ; � ��yy F = ��11 .; , � {* � , __.. ,.�., .�. �..��.. ; . .� � ........ . � `� APN:620392001' ' � i, House#:0 � � _ �� �_ _ � _ I � °� _. , I j 'APN:620392009 j � � ' � --�..- -. House#:0 � _.�.�.�..__-------_,��.a..__._._..__ w �. _ , .��J�I,T.RY.�LtJ.B.iDf31�7.E_..___.._._...�_w....r �� --_.-,�----___.�_.__ � � .__._.____. � � �_. _ . .___, .� _ . . ..._. �, _.. .. . , � . .- .._ �j � _. ,. . _ .. '� APN:622033027 APN:622033026 ' APN:622033028 � House#:73001 House#:73121 ; House#:73161 , �APN:622033025 �( ; > �l ; .�. . .. . �� ti. �� House#:73131 s � � :.... .. ... ... ' .-`' APN:622033022 , �Y � House#:73131 � � � ' APN:622033023 ' !APN:622033024 . '�pp� -.-,�. _.., � ,,;� House#:73091 : House#:73111 ar _ �� ��9� i y�� � � ` i � �� � -b �=��,�.- � � APN:622033029 � , f �� f� House#:73011 � � � � ," ,- �1 _ ..�, .. _,.� `� � _ . ..n.._� _ . � ' �. � P._.. , O a - ;. ��Q, - : I� � � � ��� APN:622033020 �'� � 1� House#:0 �';F � H Legend � ��' --� Circulation Network Streets ��2,056 � � City Boundary Palm Desert Parcels(4/20� N otes