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HomeMy WebLinkAboutPP 07-01 - Longs Drugs (07/08/2010) CITY OF PALM DESERT PUBLIC WORKS DEPARTMENT STAFF REPORT REQUEST: RELEASE SECURITY FOR PP 07-01 (LONGS DRUG STORE) AND ACCEPT THE ONE-YEAR MAINTENANCE BOND SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works APPLICANT: Longs Drugs 141 North Civic Drive Walnut Creek, CA 94596 Federal Insurance Company P.O. Box 1615 15 Mountain View Road Warren, NJ 07061 BOND NUMBER: Performance Bond 8197-08-44 �y�r���DATE ��; -�y-� C /C� Maintenance Bond 660343 ' �COiVTiNUEO TA 7' �- �- C�G�' DATE: June 24, 2010 � ❑ pASSED TO 2N�REAOI�G CONTENTS: Performance Security Maintenance Security Agreement Vicinity Map Recommendation By Minute Motion, release security for PP 07-01 (Longs Drug Store) and accept the one-year maintenance bond. Backqround Longs Drug Store building is located at the southeast corner of Highway 111 and Deep Canyon road at 74527 Highway 111. At the time of permit issuance performance security in the total amount of $381,375 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% of the faithful performance bond. Staff Report Release Security for PP 07-01 (Longs Drug Store) and Accept the One-Year Maintenance Bond June 24, 2010 Page 2 of 2 Fiscal Analvsis There is no fiscal impact associated with this action. Prepared By: ,, ,� / Depart H d: �,�� r� . �.��� Christina Canales, Assistant Engineer Mark Gre wood, P.E., Director of Public Works CITY COUNCII.AC�ION APPROVF.D �� ....._..._DF,NTL+'t) Paul S. Gibson, Director of Finance 12ECEIVED OTHER MEET G � Approval: AYES. � ' NOES: �'��j�� ��. AQSENT: .-�-"""^---' AI3STAIN: J M. Wohlmuth, City Manager VERtFIED BY: ' � Origiaat on File wit6 City rk's Office � � _ C3�"`t" £>� P'A�.�'f �}E�EF��' �°�At��D,A��+ FC3R� � �,d�,l°T�FU� �'ERFORRfiAWCE �Oi�D � i1�l46i►iE OF L�EVELQPiliiEPlT: �ong's Drugs PP 07-01 NAME OF DEVE[�C3PER: N�4�IiE OF Sl3RETY` Federal Insurance Company EFFECTIVE DATE: �/1sl2oos AMOUNT OF BOND: $z�a.25o.00 BOND NUt�IBER: 8197-08-44 PREMIUM: �1,271.00 KNOW ALL MEN BY 7HESE PRESENTS: That the person, firm, corporation, entity, or othetwise, named on Line 2 above, without regard to gender and number, hereinafter referred to as PRINCIPAl, and the corporation named on Line 3 above, a corporation authorized to do business in the State of California and presently possessed of authority under Title 6 of the United States Code to do business under Sections 6 to 13 thereaf, in the aggregate amounts hereof, hereinafter referred to as SURETY, are jointiy and severally held and firmiy bound unto the City of Palm Desert, a municipal corporation of the State of California, hereinafter referred to as CITY, in the sum mentioned on Line 5 above, for the fai#hful performance of that certain IMPROVEMENT AGREEMENT befinreen PRINCIPAL and CITY regarding the subdivision named on Line 1 above, as required by the provisions of the Subdivision Map Act and CITY ordinances, resolutions, rules, and regulations, for the payment of which sums g 3 ' C:�Documents and Setting��bduey\Local Settirtgs\Temporary Intemet Files10LK2\Faithful Performance Bond Standard � Fortn.doc `� E k _ � _ weE4 and trufy �o be made, PRINClPAL and �URETY hereby bind themselves, their heirs, administrators, executors, successars and assigns, jointly and severally, firmiy by these presents. THE CONDITION of the foregoing obligation is such that if the said PRINCIPAL sha(I faithfully perform the covenants, conditions, and agreements contained in that certain IMPROVEMENT AGREEMENT beiween PRINCIPAl. and CITY regarding the deveiopment named on Line 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 specified, and shall fumish material in compliance with the specifications and perform all that certain work and improvement in said CIN which is more particularly described in said IMPROVEMENT AGREEMENT, then the obligation with respect to the faithful performance of said IMPROVEMENT AGREEMENT shall be void, otherwise to remain in full force and effect. The said SURETY, for value received, hereby stipulates and agrees that no change, extension of time, aiteration or addition to the terms of the IMPROVEMENT AGREEMENT or to the work#o be perFormed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or additian to the terms of the IMPROVEMENT AGREEMENT, the work, the specifications or any feature or item of pertormance thereunder. In the event it becomes necessary for CiTY to bring an action to enforce this bond, C:\Documents and Settingslbdueylt_ocal SettingslTemporary Intemet Files\OLK21Faithful Performance Bond 5tandard Form.doc - 3 - SURETY shail pay CiTY'S reasonabie attarney's fees and court costs in connectian therewith. IN WiTNESS WHEREOF, PRINCIPAL and SURETY have executed this ins#rument on the date mentianed on Line 4 af Page 1 hereaf. Longs Drug Sto a �rnia inc. PRINCIPA .v----'`_ PRINCIPAL Federal Insurance Company -�G�� �'�A���%�..� �J RENBarbie Norton,Attomey-In-Fact SURETY pevan Perona,witness (Notarial acknowledgment of execution by ALL PRINCIPALS and SURETY must be attached.) C:\pocuments and SettingslbdueylLocal SettingslTemporary�nternet Files10LK21Faithful Performance Bond Standard Form.doc �',��,���t�.�NI,�� �i.L.�,—�'���'.�L3.S`�' �C.'I�"o'VC�T�JI,�'1��"11�',�'N7' ��._, .��:� �., STATE OF CALIFORIVI� ) ) CO UNTY OF S'AN FRANCX��'C'� ) On Julq 18, 2oos before me, _ Doris B.Dia ,Notary Public Date Name,Title o jOfficer,No[ary Publlc personally appeared Barbie Norton,Attornev In-Fact NAME(S)OFSIGNER(S) who proved to me on the basis of satisfactory evidence to be the personbl) whose names�) is/q� subscribed to the within instrument and acknowledged to me that �/she,/t1,�y executed the same in 1}[s/her/tj�ir authori.zed capacity(�), and tliat by A!s/her/t�ir signature� on the instrument the person(�, or the entity upon behalf of which the person�f) acted, executed the instrument. I certify under PENAL7'Y OF PERJURY under the laws of tlie State of California that the foregoittg paragraph is true and correct. T�T'ITNESS my hand and official seal. N DpRIS B. DiAZ � � � COMM.1116T9330 �t �� ,r.,_ /`���- NdTARY PUBLIC-CAUFOANUI �jj 1�`'---___L_�.._ SAN FRM�18C0 COUNTY N SigsatureofNotary ,�—'—�-.�� � p,lyC0�1m.F�f9eJtlly29.2p10 i} =��y""�--- A,L�.-PURf�OSE,�1CK�1QVIfLIEF�Gi�tIE1VT State of California ) )ss. County of Contra Costa ) On July 22, 2008 , before me, Debra R. Davis, Notary Public, personally appeared ----------------------------------------Todd Vasos and Shawn Clancy --------------------------------- o personally known to me - to be the person(s) whose name(s}-is�are subscribed to the within instrument and acknowledged to me that #�e�s#eEthey executed the same in #is/t�eF�their autharized capacity(ies), and that by�iis�qeF/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. �DEBRA R.DAVIS +�� COMM.#1�24985 'n VJ NOTARY PUBUGCAUfOR11Ul =, ���. R. ��.-�--- �������� !h COMY.ExP.FEB.12,4011" My Commission Expires 2/12/2011 OPTIONAL INFORMATION Document Information This certificate must be attached to the following document: Title or Type of Dacument: Faithful Performance Bond Signer(s)Other than Named Above: None Project: #784-Palm Desert Phase II Capacitv Claimed Bv Siqner o lndividual L�( Corporate Officer(s) Executive Vice President&COO and Vice President Design & Canstruction, respectiveiy o Partner(s) o Limited ❑ General a Attomey-in-Fact o Trustee{s) ❑ Guardian/Conservator o Other Signer is representing: (name of person[s] Qr entity[ies]) Langs Drug Stores California, Inc. . . . .�;� � , . � . ��.;��������� �"a��e F�D���L ��S�.T � .��N��E C AN� F.(J. B�X 161 S 15 M(Jt1I�TAIN �IEW ROAD W�R:REl�, 1"�J 0706I-1615 80+�-252-4670 Agent far Service of Process JERE ICEPRIt?S, C/O CT CORPORATION SYSTEM 818 WEST SEVENTH STREET, 2ND FLOOR LOS ANGELES,CA 94017 113�able to Locate_the A�ent far Service af Process? Reference Information Na�c#: 20281 NAIC Group#: 0038 Califomia Company ID #. 0059-6 Date authorized in California: December 18, 1902 License Status: LJNLIMITED-NORMAL Company Type: Property&Casualty State of Domicile: INDIANA Lines of Insnrance Authorized to Transact The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms,please refer to the glossarv. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CAR.RIER LIABILITY CREDIT DISABILITY FTRE LIABILITY MARINE MISCELLANEOUS PLATE GLASS http://interactive.web.insurance.ca.gov/webuser/idb co�rof utl.get_co_prof?p_E1D=2652 7/2812Q08 � ��'RII�,'��L�I� SL��Z�:I'Y TE,��rt AP�iI� VEHICL�; 4VQ.�K_E�,F�S` C1C�MPENSA�'IQi'�I t�� p��� �'� �I���t �n�`or�a��om� Com�aily.....Ett'oi;c,en�ei�E Action Dvcumei�ts Company Performa�ace & Comparisan Data Cam_posite Con�plair�t Studies Wan� 1Vlore? Hel� Me �ind a C'om�any Representatitire_in_My_Area Financial_Ratang Organx�atio�is I,ast Revised-June 27,2008 09:13 AM Copyright O� Califomia DeparEment of Insurance http:!/interactive.web.insurance.ca.goviwebuser/idb co prof utl.get_co prof?p EID=2b52 7/28/�008 - � - C��"1( C3F P,P►L�fl DE�E�Y �-������� �o�� ��Y���-r �o�� (LA�OR � 6�iA`9'Ei21�4LS} Q i�A►il�E OF PROJECT: Longs Drugs PP 07-01 i�AiUIE OF DEVELOPER: NANiE OF SUI2ETY` Federal Insurance Company EF�ECTIVE DATE: �l�si2oos Af�tC�UNT OF B4ND: $�2�,125.�0 BO�ID NUIiABER: 8197-08-44 PRENiIUiUi' �ncluded with Performance Bond K�i01�1 ALL iVIEN BY THESE PRESENTS: That the person, firm, corporation, entity,�or otherwise, named on Line 2 of Page 1 hereof without regard to gender and number, hereinafter referred to as PRINCIPAL; and the corporation named on Line 3 of Page 1 hereof, a corporation authorized to do business in the State of California and presently possessed of authority under Title 6 of the United States Code to do business under Section 6 to 13 thereof in ' the aggregate amounts hereof, hereinafter referred to as SURETY; are jointiy and severely held and firmly bound unto and all materialmen, persons, companies or corporations furnishing materials, provisions, provender or other supplies used, in, upon, for or about the performance of the work contracted to be executed or perfarmed under the terms of that certain iMPROVEMENT AGREEMENT hereinafter mentioned and all persons, companies or corporations C:1Documcnts and Settings\bdueyU.ocal Settings\Temporary Intemet Files\OLK2U..abor Materiels Bonci Standard Form.doc _ � _ renting ar hiring te�ms or impiements, or machinery, for can#�ibuting to said work to be done, ali persons who p�rformed wark or I�bor upon the same, and all persons who supply both work and materiats, and whose claim has not been paid by PRINCIPAL in the just and full sum mentioned on Line 5 of Page 1 hereof for the payment whereaf, weN and truly to be made, said PRINCIPAL and SURETY bind themselves, their heirs, administrators, successors and assigns, jointly and severally, �rmly by these presents. THE CONDITIC)N OF THE OB�IGATIO�V is such that whereas the above- bounden PRINCIPAL has entered into an IMPROVEMENT AGREEMENT with the City of Palm Desert, a municipal corporation of the State af Caiifomia, hereinafter referred to as C1TY, for the construction of public improvements in the project named on Line 1 af Page 1 hereof, which said IMPROVEMENT AGREEMENT is by this reference incorporated herein: NODU, THEREFORE, if the above-bounden PRINCIPAL, contractor, person, company or corporation, or his or its subcontrac#ar, or subcontractors, fails to pay for any materials, provisions, provender, or the suppties, or teams used in, upon, for, or about the perFormance of the work contracted to be dane, or for any work or labor done thereon af any kind, or for amounts due under the Unemployment lnsurance Act with respect to such work for iabor, SURETY on this bond will pay the same, in an amount not exceeding the sum specified in this bond, and also, in case suit is brought on this bond, a reasonable attomey's fee which shaN be awarded by the court to the prevai(ing party in said suit, said C�1Docements and 3ettingslbdueyU.oca1 SettingslTemporary Iniemet Files\OLK2U.abor Materials Bond Standard Form.doc _ 3 .. attc�rney's fee to be taxed as costs in saic! suit and tc, 1�e i��cEuded in the judgrnent ther�in rendered. This bond is executeci and filed to campiy with the provisions of all applicable CITY ardinances, resolutions, rules and regulations supplemental thereto; and all amendments thereto; and shall inure to the benefit of any and aH materialmen, persons, companies or corporations entitied to file claims under and by virtue of the provisions thereof. IN VVITNESS UVHEREOF, PRINCIPA►L AND SURETY have executed this instrument the date mentioned on Line 4 of Page 1 hereof. Longs Drug ores� lifomia lnc. � PRINC PRIN IPAL Federal Insurance Company � �� " '✓,���___- REN Barbie IVorton,Attorney-In-Fact ' -`'t ` 9 SURETY Devan Perona,Witness (Notarial acknowledgement of execution by ALL PRIRICIPALS and SURETY must be attached.) APPROVED AS TO FORM: DAVID J. ERWIN, CITY ATTORNEY C:1Documents and SettingslbdueylLocal Settings�Ttmporary Internet Files\OLK2U.e6or Materials Bond Standard Fornt,doc . �"A�1�'Ga.��A 14LZ,—P�1��'�,�'.;�,4�',�N(1�Y��:�I1 G1VI�,1V7' �:�� � M _� ,__ �� _ . ��,.�. � .� _____. STATE OF CALIFURNIA ) ) CO UNTY OF SAN FRANCISCO ) On__ auiy is, zoos before►ne, Doris B.Dia Nota Public Date Name,Trt[eojOjficer,Nata�yAublic personally appeared _ Barbie Norton,Attornev-In-Fact NAML(S)OFSICNER(S) who proved to me on the basis of stttisfactory evidence to be the person�) whdse names�l) is/� subscribed to the within instrun:ent and acknowled�ed to me that 1�6Jshe/t1�y executed the sa�ne in A[s/her/t�ir authorized capacity(�!s), a�:d that by iKs/her/tl�lir signature(� on the instrun:ent the person(�, or the en[ity upon behalf of ivhich the personbt)acted, executed the instrume�:t I certify under PENALTY OF PERJURY u�:der the laws of the State nf California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. N DORIS B. DIAZ � � , /�� m . CUMM.p i 679330 � NOTARY PUBCIC-CALIFORNiA � Signature ojNotary My Cpmf11.E�J�dyC 2�$,p10 N `� ��`!tlbb . ..��_,. . _�....�.. _,,.........�� ..��«..,,....., ...,... ...,._,,, ..,.�,�..,.>...,.� �°igilan�Znstaran�e Ccsrnpany 18�tcsuntain bicu� Road + SUYe�� A3"T'C7i2NEY �z��i����tt�erttnity C�smpan� lnlarre�a, f�J 0705J i.T�t� Know Ail by These Presents, T#�al FI�D�F�AL iNSl3R�t�C� CC7rv(�'ANY, ar� Ir�diaria carporafion, VtGiLANT {NSURANCE CtJMFANY, a New Yark corporalion, and PACI�IC IIVL?�i49NtTY CC�MPAiVY, a VVisconsin carpor�tion, do each hereby cortistitute and appoint Saundra L. Gingras, Barbi� lVcsrtor�, Shailesh Patel, C�euan Perana and Jeff Prevost af San Franciscc�, Ca!ifornia-----------------------------------------------------�..__.______------------_._.____-•------_--_-_-__-_.__._m_____._________._.__..------- each as iheir irue and lawful Attomey-irn Facl lo execute under such designation in their names and to affix Iheir corporale seals kx and deliver fw and on iheir behalf as surely thereon or olhervvise,bonds and undertakings and olher writings obligatory in lhe nature Ihereof(olher than bail bonds)giver�or executed in the casrse ot business,and any instrume�ls amending or altering ihe same,and consenis lo ihe modification or alteration of any instrumenl reterred to in said bonds or obNgations. In Wilness Whereof,said FEDERAL INSURANCE COMP�NY,VIGILANT INSURANCE COMPANY,and PACIFIC INDEMNITY COMPANY have each executed and altested these presents and affixed their coryorate seals on ihis'I4 . day or March,20�8 _ f � � �f,arSef� e�Z�� �'-„-"`-•-_- \ enneth C.Wen I, sis ant Secretary � 8.Norris,Jr.,Vice Pre ' ent , STATE OF NEW JERSEY ss. Counly o(Somerset On lhis 14`h. day of �ilCCh,2��8 be(ore ma,a Notary PubNc of New Jersey,personally came Kenoeth C.Wendel,to me known lo be Assislanl Secretary ol FEDERAL INSURANCE COMPANY,VIGILANT INSURfWCE COMPANY,and PACIFtC INDEMNIN COMPANY,the wmpanies which executed the foregoing Power of Atlorney, and lhe said Kenneth C.Wendel, being by me duly swom, did depose and say that he is Assistant Secretary o(FE�ERAL INSURANCE COMPANY,VIGII,ANT INSURANCE COMPANY,artd PACIFIC INDEMNITY COMPANY and knows the corporale seals thereot,that the seals affixed to the toregoing Power of Attomey are such corporate seals and were thereto aKxed by authority o(the By-Laws ot said Companies;a�d that he signed said Power of Atlorney as Assislanl Secretary of said Companies by like autlwrity;and thai he is acquainted with David B.Norris,Jr.,and krwws him to be Vice President of said Companies;and that lhe signalure of David B.Norris,Jr.,subsuibed to said Power of Attorney is in the genulne handwriting ot David B.Norris,Jr.,and was thereto subscribed by authority of said By- Laws and in daponenYs presence. Notarial Seal Q�EN B.B9 �`� '�,q STEPHEN B.BRADT U'�Jt,f:1;:•,.}'' Notary Public,State of New Jer�e�► " � 1�0.2321097 — Notary Public �+ ' ' ' , Commission 6cpiras O�t.25,2009 CERTlFICATION Extract from the By-Laws of FEDERAL INSURANCE COMPANY,VIGILANT INSURANCE COMPANY,and PACIFIC 1NDEMNITY COMPANY. "NI powers ot attomey for and on behalF ol ihe Company may and shall be execuled in the name and on behalf of the Company,eilher by the Chakma�or the President or a Vice President or an Assislant Vice Presidenl,jointly wlth the Secretary or an Assislant Secretary, under Iheir respedive designatans.7he signalure of such o�cers may be e�graved,printed or lilhographed.The signature of each ot ihe(ollowing oKcers:Chairman,President,any Vice President,any Assistant Vice Presidenl,any Secretary,any Assistant Secrelary and tha seal of the Company may be altixed by facsimile to any power o!attomey or lo any cerUficale relaUng ihereto appointing Assistant Secrefaries or Atlorneys-in-Fad for purposes only of executing and attesting bonds and underiakings aM other wrilings obligatory in the nature thereof,and any such power of ailomey or certificate beanrg such facsimlle signature or tacsimile seal shaN be valid and binding upon the Company and any such power so execuled and ceAified by such facsimile sig�ature and(acsimile seal shail he valld and binding upon the Company with respecl to any bond or undeAaking to which it is altached.' 1,Kenneth C.Wendel,Assistant Secretary of fEDERAL INSURANCE COMPANY.VIGILANT INSURANCE COMPANY,and PACIFIC INDEMNITY COMPANY (the"Companies")do hereby certify tAat (() the fore9ang exlrect ot the By-laws of the Companies is trua and correct, (ii) !ha Companies are duly licensed and authorized to trdnsact surety business in all 50 0l the United Statas of America and the Dislnct of Calumbia and are authorizad by ihe U.S.Treasury Oepartmenl;further,Federal and�gilant are licensed ia PueAo Rico and the U.S,Virgin islands,and Federel is licensed in American Samoa,Guam,and each oi the Provinces of Canada except Prince Edward Island;end (iii) the foregoing Power of AHomey is true,correct and in fuil torce and effect. Given under my hand and seals ot said Companies at Warren,NJ Ihis July 18,2008. �S�Puv�, wrr .�,��cF� � o �1.���uo�iye o 'F � v> p 9 -*- i9 i V� Y� • I�1�\ • j ♦ �VDIAN�'� u[OM1\. MfW'f�p� � . Kenneth C,Wend ,Assislant Secrelary ._��.�...r���___..��_ .,_��__�___._. m._ _�n. IN THE EVEN7`f0U WiSH TO fJOTIFY US OF A CLAIM,VERIFY THE AUTHENTICITY OF 7HIS BOND OR IVOTIFY US OF ANY OTHER MATTER,PLEASE CONTACT US A7 ADDRESS LISTED ABOVE,OR BY Telephone(908)9�3 3493 Fax(908)903-3656 l____�_� e-mail: sure chubb.com �..�. _�_..___..�.......� �__ Form 15-10-0225B-U (Ed.5-03) CONSENT ♦ AF�0..�[-Ni�l-�+7fG J'14(\�LJYV��CJViq1�6YT State of Califomia ) )ss. County of Contra Costa ) On July 22, 2008 , before me, Debra R. Davis, Notary Pubiic, personally appeared ------------------------..---------------Todd Vasos and Shawn Clancy --------------------------------- o personally known to me - to be the person(s) whose name(s}-�s�are subscribed to the within instrument and acknowledged to me that �e�they executed the same in #+s/#�er-�their authorized capacity(ies), and that by-k�isl#�ef/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. � DEBRA R. DAVIS �t� Co►�M.#1724965 y� NOTARYPUBLIC•CALIFORNU � CONTRA C051A CWNTII /� c�c..•�/"^s ���COMM.Exi.FEI.12.YOt1� My Commission Expires 2/12/2011 OPTIONAL INFORMATION Document Information This certificate must be attached to the following document: Title or Type of Document: Payment Bond (Labor& Materials) Signer(s) Other than Named Above: None Project: #784-Palm Desert Phase II Capacitv Claimed By Signer o Individual � Corporate Officer(s) Executive Vice President&COO and Vice President Design & Construction, respectively ❑ Partner(s) ❑ Limited ❑ General o Attorney-in-Fact ❑ Trustee(s) ❑ Guardian/Conservator a Other Signer is representing: (name of person[s] or entity[iesj) Longs Druc� Stores California, Inc. ~ Liberty Mutual Surety �001 4th Avenue,Suite 1700 Seattle,WA 98154 _ Liberty Mutual� MAINTENANCE BOND Bond 660343 KNOW ALL BY THESE PRESENTS,That we, Long Drug Stores California, L.L.C. as Principal,and Safeco Insurance Company of America , a corporation organized under the laws of the State of Washington and duly authorized to do business in the State of California ,as Surery,are held and firmly bound unto City of Palm Desert, 73-510 Fred Waring Drive, Palm Desert, CA 92260 as Obligee,in the penal sum of Twenty-five Thousand Four Hundred Twenty-five Dollars And Zero Cents ($ 25,425.00 ) to which payment well and truly to be made we do bind ourselves,our and each of our heirs, executors,administrators, successors and assigns jointly and severally,firmly by these presents. WHEREAS,the said Principal entered into a Contract with the City of Palm Desert dated June 1, 2010 for WHEREAS,said Contract has been completed,and was approved on day of June , 2010 . NOW,TI-iEREFORE,THE CONDITION OF THIS OBLIGATION IS SUCH, That if the Principal shall guarantee that the work will be free of any defective materials or workmanship which became apparent during the period of one year(s)followin�completion of the Contract then this obligation shall be void,otherwise to remain in full force and effect,provided however,any additional warranty or guarantee whether expressed or implied is extended by the Principal or Manufacturer only,and the Surety assumes no liability for such a guarantee. Signed and sealed this 1 st day of June , 2010 Long Drug Stor C nia, L. . � (Se�l) (Seal) � "��� � (Seal) � SEAL � Safeco Insurance Company of America m,�'k�N�� ' .. BY��'`�'��L�- �f. ��ZC� Christopher R. Kelly Attorney-in-Fact S-0843/SA 10/99 XDP �� � . Safeco Insurance Company of America General Insurance Company of America j.1bE,'l� POWER 1001 4th Avenue MUtU1I, OF ATTORNEY suite��oo Seattle,WA 98154 No. 4271 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA, each a Washington corporation,does each hereby appoint ********DONNA K.DOUCET;EDWARD R.FORD;PATRICIA A.HOPGOOD;CHRISTOPHER R.KELLY;CHRISTOPHER MCCARTY;LAWRENCE E.PARKS;DEBORAH J.THOMSON;PAUL WEITZ;BOSTON,MASSACHUSETTS************ its true and lawful attorney(s)-in-fact,with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business,and to bind the respective company thereby. IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA have each executed and attested these presents this 215t day of March , 2009 � . !�� ���j' -i-� � . Dexter R.Legg,Secretary Timothy A.Mikolajewski,Vice President CERTIFICATE Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA: "Article V,Section 13.-FIDELITY AND SURETY BONDS...the President,any Vice President,the Secretary,and any Assistant Vice President appointed for that purpose by the officer in charge of surety operations,shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business...On any instrument making or evidencing such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; provided,however,that the seal shall not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28,1970. "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, ��� The provisions of Article V,Section 13 of the By-Laws,and (ii) A copy of the power-of-attorney appointment,executed pursuant thereto,and (iii) Certifying that said power-of-attorney appointment is in full force and effect, the signature of the certifying officer may be by facsimile,and the seai of the Company may be a facsimile thereof." I,Dexter R.Legg ,Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA,do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of Directors of these Corporations,and of a Power of Attorney issued pursuant thereto,are true and correct,and that both the By-Laws,the Resolution and the Power of Attorney are still in full force and effect. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the facsimile seal o said corporation this / �� dayof ,C��� � ��`��� � �,�, �,,�£cQ,�� � � ��, "�°�"� �� �.�i � 5EAL � � SEAL � 1 19'S''� � j x y �� 1 � sZ � Dexter R.Legg,Secretary �� �aw� S-0974/DS 3/09 WEB PDF 1 � ACKNOWLEDGEMENT FOR SURETY Commonwealth of Massachusetts ) ) County of Suffolk ) I, Patricia A. Hopqood, a Notary Public in and for said County, in the State aforesaid, do hereby certify that Christopher R. Kelly� Attorney-in-Fact of the Safeco Insurance Company of America who is personally known to me, appeared before me this day in person and acknowledged that she signed, sealed, and delivered the foregoing instrument as her free and voluntary act as Attorney-in-Fact of the for the uses and purposed therein set forth. Given under my hand and Notarial Seal this 1st day of June, 2010. � . � � , '� �-�;�'� � � - Notary Public, Patricia A. Hopgood My commission expires: April 6, 2012 I�tl� C1VE ENT A�R�� � �" � DATE OF AGREEMENT: Julv 18, 2008 ►� NAME OF DEVELOPER: _ Lonqs Druq Stores Califorrsia, �nc (referred to as "DEVELOPER"}.NAME OF DEVELQPMENT: Lonqs Drug Store#784 Palm Desert (referred to as "DEVELOPMENT"), DEVELOPMENT RESOLUTION OF APPROVAL NO.: Resolution 2455 (referred to as "Resolutian of Approval") IMPROVEMENT PLANS NO.: (referred to as "Improvement Plans"). ESTIMATED TOTAL COST OF IMPROVEMENTS: $254 250.00 SURETY: Federal Insurance Comnanv LETTER OF CREDIT/BOND NOS.: 88197-08-44 This Agreement is made and entered into by and between the City of Palm Desert, a municipal corporation of the State of Califomia, hereinafter referred to as °CITY", and the DEVELOPER. RECITALS A. DEVELOPER has presented to CITY far approval a Conditional Use Permit/Precise Plan of Development pursuant to provisians of the CITY's ordinances and regulations relating to development approval. B. A Conditional Use PermiUPrecise Plan of Development has been approved, subject to the requirements and conditions contained in the Resolution of Approval. The Resolution of Approval is on file in the Office of RMPUBt VC fTt760 the Director c�f Cammvnity Developmer�t and is incorporated into this Agreement by reference. C. In consideration of the approval of a Conditional Use Permit/Precise Plan of Development for the DEVELOPMENT by the Planning Commision, DEVELOPER desires to enter into this Agreement, whereby DEVELOPER promises to instal! and complete, at DEVELOPER's own expense, all the public improvement work required by CITY in connection with the proposed DEVELOPMENT. DEVELOPER has secured this Agreement by improvement security required by the City and approved by the City Attomey. D. Complete Improvement Plans for the construction, installation, and completion of the improvements have been prepared by DEVELOPER and approved by the City Engineer. The Improvement 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 this reference. All references in this Agreement to the Improvement Pfans shall include reference to any specifications for the improvements as approved by the City Engineer. E. An estimate of the cost for construction 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 Agreement. The basis for the estimate is on file in the Office of the City Engineer and is incorporated into this agreement by reference. RMPUB\VCbV60 �, CiTY has adopted sfandar�+s for the construction and installation of impravements within the CITY. The Irnprovement Plans have been prepared in conformance with CITY standards in effect on the date of the Resolution of Approval. NOW, THEREFORE, in consideration of the approval of the DEVELOPMENT, DEVELOPER and CITY agree as follows: 1) DEVELOPER's Obliqation to Construct Improvements. DEVELOPER shall: (a) Comply with all the requirements of the Resolution of Approval, and any amendments thereto. (b) Complete at DEVELOPER's own expense, all the public improvement work required by the Resolution of Approval in conformance with approved Improvement Plans within ane 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 construction and installation of the public improvements, free and clear of all liens and encumbrances. The DEVELOPER's obligations with regard to acquisition by CITY of off-site rights-of-way, easements and ather interests in real property shall be subject to a separate agreement between DEVELOPER and CITY. DEVELOPER shall also be responsible for obtaining any public or private RMPUA\VCDVGO sanitary sewer, domestic water, drain���, �r�ci/c�r �tili�y ��s�rr��r��s ar authorization to accammadate the DEVEL�F'(���I�'. • {e) Commence const�uction of the impravements by the time established in Section (21) af this Agreement and complete the improvements by the deadfine stated in Section (1){b) above, unless a time extension is granted by the CITY as authorized in Sectian {21}. 2) Acquisition and Dedication of Easements or Rights-of-Way. If any of the public improvement and land use development work contemplated by this Agreement is to be constructed or installed on land not owned by CITY ar DEVELOPER, no construction or installation shall be commenced before: (a) The offer of dedication to CITY of appropriate rights-of-way, easements or other interests in real property, and appropriate authorization from the property owner to allow construction or instaflation of the improvements or work, or (b) The dedication to, and acceptance by, CITY of appropriate rights-of- 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. Nothing in this Section (2) shall be construed as authorizing or granting an extension of time to DEVELOPER, w�NUH�vcn���o 3} Secs.►rity. DEVELQPER shall at a!1 times guarantee DEVEE�(7PER"s performance by furnishing to CITY, and maintaining, good and sufficient security as required on forms apprc�ved by CITY for the purposes and in the amounts as follows: {a) ta assure faithful performance af this Agreement in regard to said improvements in an amount of 100°!0 of the estimated cost of the improvements; and (b) to secure payment to any contractor, subcontractor, persons �enting 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 the security documents referenced on page 1 of this Agreement are incorporated into this Agreement by this reference. If any security is replaced 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 incorporated into this Agreement. Upon provision of a replacement security with the City Engineer and filing of a repiacement security with the City Clerk, the former security may be released. 4) Alterations to Improvement Plans. RMPUI3�VCD\760 (a) Any changes, alterations or additions to the Improvement Plans ?�c�t exceeding ten percent (10%) of the original estimated cost of the improvements, which are mutually agreed upon by CITY and DEVELOPER, shall not relieve the improvement security given for faithful performance of this Agreement. in the event such changes, alterations, or additions exceed 10% of the origi�al estimated cost of the improvement, DEVELOPER shail provide improvement security for faithful performance as required by Section (3) of this Agreement for one hundred percent (100%) of the total estimated cost of the improvements as changed, altered, or amended, minus any completed partial releases allowed by Section (6) of this Agreement. (b) The DEVELOPER shall 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 with applicable state or federal law or CITY zoning ordinances. If DEVELOPER requests and is granted an extension of time for completion of the improvements, CITY may apply the standards in effect at the time of the extension. 5) Inspection. DEVELOPER shall at all 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 Engineer's authorized representative. If the City Engineer, or the designated representative, determines that the work has been completed in accordance with this ru�arua�vrt>���o ;-�c�r�;ement, tr�era tt�s City Engin��r shail ��rtify th� cornpletion c�f the pubiic improvements to the Gity Cc�uncif. No irnprovements �hall be final9y accept�ei 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 of the work of constructing and installing such improvements, CITY shall be given timely notice of DEVELOPER's readiness for such inspection and DEVELOPER shall not proceed with additional work until the inspection has been made and the work approved. DEVELOPER shall bear all costs of inspection and certification. No improvements shall be deemed completed until accepted pursuant to Section (16) herein. 6) Release of Securities. The securities required by this Agreement shall be released as following: (a) Security given for faithful pertormance of any act, obligation, work or agreement shall be released upon the finai completion and acceptance of the act or work, subject to the provisions of subsection {b) hereof. (b} The City Engineer may release a portion of the security given for faithful perfarmance of improvement work as the improvement progresses upon application thereof by the DEVELOPER; provided, however, that no such release shall be for an amount less than twenty-five percent (25%) of the total improvement security given for faithful performance of the improvement work and that the security shall not be reduced to an amount less than fifty percent (50%) of the total improvement security given for faithful performance until final completion and acceptance of the improvement work. In no event shall the City Engineer authorize a release of the improvement security which would reduce such security to an amount below RMPUB\VCD1760 tFta# required to guarantee the com�letian of the improvement work and any other obligation impased 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) manths after completion and acceptance of the work, be reduced to an amount equal to no less than 125% of the total claimed by all 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 other obligations secured by the Security. The balance of the security shall be released upon the settlement of all claims and obligations 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, Pubfic 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 result of any work under this Agreement. DEVELOPER shall bear the entire cost of replacement or repairs of any and all public or public utility property damaged or destroyed by reason of any work done under this Agreement, whether such property 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 corporatian or by any combination of such owners. Any repair or replacement shall be to the satisfaction, and subject to the approval, of the City Engineer. xnaE�ua�vcov� 8) Permits. DEVELOPER shall, at DEVELOPER'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 law. 9) Default of DEVELOPER. (aj Default of DEVELOPER shall include, but not be limited to, (1) DEVELOPER's failure to timely commence constn.�ction 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 substantial construction work for a period of twenty (20) calendar days after commencement of the work; (5) DEVELOPER's insolvency, appointment of a receiver, or the filing of any petition in bankruptcy either voluntary 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 conveyance in lieu or in avoidance af foreclosure; or (7) DEVELOPER's failure to perform any other obligation under this Agreement. (b) CITY reserves to itself all remedies available to it at law or in equity for breach of DEVELOPER's ob(igations under this Agreement. CITY shall have the right, subject to this Section, to draw upon or utilize the appropriate RMPUB\VCD\760 sec�e��ity ta mitigate CITY's dam�ges in ev�nf Qf default by D�VELOPER. 1�he rigt�t taf CI'i�Y tc� ciraw upon or utiEize th� sec€�rity is adc�itiana{ ta and nat in (ieu of any other remedy available to CITY. It is specifically recognized that the estimated costs and security amounts may not reflect the actual cost of construction or installation of the improvements and, therefore, CITY's damages for DEVELOPER's default shall be measured by the rost of compfeting the required improvements. The sums provided by the improvement security may be used by CITY for the completion of the public improvements in accordance with the improvement plans and specifications contained herein. (c) In the event of DEVELOPER's defaulf under this Agreement, DEVELOPER authorizes CITY to per�orm such obligation twenty (20) days after mailing written notice of default to DEVELOPER and to DEVELOPER's surety, and agrees to pay the entire cost of such perFormance by CITY. CITY may take over the work and prosecute the same to completion, by contract or by any other method C(TY 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 C(TY thereby. tn 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 DEVELOPER as may be on the site of the work and necessary for performance of the work. (d) Failure of DEVELOPER to comply with the terms of this Agreement shall constitute consent to the filing by CITY of notice of violation against all proposed improvements in the DEVELOPMENT, or to rescind the approval or RMPUB\VCD1760 otherwise revert the DEVELOPMENT to acreage. The remedy provided hy this subsection (c) is in addition to and not in (ieu of other remedies available to CITY. DEVELOPER agrees that the choice of remedy or remedies for DEVELOPER's breach shall be in the discretion of CITY. (e) #n the event that DEVELOPER fails to pertorm any obligation hereunder, DEVELOPER agrees to pay all costs and expenses incurred by CITY in securing performance of such obligations, including but not limited to fees and charges of architects, engineers, attomeys, other professionals, and court costs. (f) The failure of CITY to take an enforcement action with respect to a default, or to declare a breach, shall not be construed as a waiver of that default or breach or any subsequent default or breach of DEVELOPER. {10) DEVELOPER Not Agent of CITY. Neither DEVELOPER nor any of DEVELOPER'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 impravements constructed or installed. Until such time as all improvements required by this Agreement are fully completed and accepted by CITY, DEVELOPER will be responsible for the care, maintenance of, and any damage to such improvements. CITY shall not, nor shall any officer or employee thereof, be liable 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 complstion and RMPUB\VCD1760 acceptance of the work or improvernents. All such risks shail be the responsibility of and are hereby assumed by DEVELOPER. (12) Environmental Warrantv. Prior to the acceptance of any dedications or improvements by CITY, DEVELOPER shall certify and warrant that neither the property to be dedicated nor DEVELOPER is in violation 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 connection with environmental law. Neither DEVELOPER nor any third party will use, generate, manufacture, produce, or release, on, under, or abaut the property to be dedicated, any hazardous substance except in compliance with all applicable environmental laws. DEVELOPER has not caused or permitted the release of, and has no knowledge of the release or presence of, any hazardous substance on the property to be dedicated or the migration of any hazardous substance from or to any other property adjacent to, or in the vicinity of, the property to be dedicated. 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. DEVELOPER shall give prompt written notice to CITY at the address set forth herein of: (a) Any proceeding or investigation by any federal, state or local govemmental authority with respect to the prasence of any hazardous substance on the property to be dedicated or the migration thereof from or to any other property adjacent to, or in the vicinity of, the property to be dedicated; RMPUU�VCU1760 (�a) Any claims made or thr�aten�d by any third party against C!TY or the prflperty tc� be det�icated relatir�g tn any ioss or injury resulking 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 ar any part thereof 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 cantained in this Agreement shall preclude CITY from expending monies pursuant to agreements concurrently or previously executed between the parties, or from entering into agreements with other developers for the apportionment of costs of water and sewer mains, or other improvements, pursuant to the provisions of the CITY ordinances providing therefore, nor shall anything in this Agreement commit CITY to any such apportionment. (14j DEVELOPER'S Obliqation to Wam Public Durinq Construction. Until formal final acceptance of the improvements, DEVELOPER shall give good and adequate warning to the public of each and every dangerous condition existent in said improvements, and will take all reasonable actions to protect the public from such dangerous condition. (15) Vestinq of Ownership. Upon formal final acceptance of the work by CITY and recordation of the Resolution of Acceptance of Public Improvements, ownership of the improvements constructed pursuant to this Agreement shall vest in CITY. RMPUB\vCD\760 (16) Final Acceptance of Work. Acceptance of the work on behalf of CITY shall be made by the City Council upon recommendation of the City Engineer after final comp{etion and inspection of all impravements. The City Council shall ac# 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 not constitute a waiver of defects by CITY. (17) Indemnity/Hold Harm(ess. CITY or any officer or employee thereof shall not be liable for any injury to persons or property occasioned by reason of the acts or omissions of DEVELOPER, its agents, or employees, contractors and subcontractors 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 fram any and all claims, demands, causes of action, liability or loss of any sort, because of, or arising out of, acts or omissions of DEVELOPER, its agents, employees, contractors and subcontractors in the performance of this Agreement, except for such claims, demands, causes of action, liability, or loss arising out of the sole active negligence of the CITY, its officials, 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 of the improvements. This indemnification and agreement to hold harmless shall extend ta injuries to persons and damages or taking of prope�ty resulting from the design or construction of said DEVELOPMENT, and the pub(ic improvements as provided herein, and in addition, to adjacent property owners as a consequence of the diversion of waters from the design and construction of public drainage systems, streets and other public improvements. Acceptance by CITY of the improvements RMPUBIVCD\760 shall not constitute an assurnption by CITY of any responsibility for any damage or taking covered by this Section. CfTY shall not be respansible for the design or construction of the property to be dedicated or the improvements pursuant to the approved improvement plans or map, regardless of any negligent action or inaction taken by CITY in approving the plans or map, unless the particular improvement design was specifically required by CITY over written objection by DEVELOPER submitted to the City Engineer before 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 to eliminate any defect in design or dangerous condition caused by the design or construction defect; however, DEVELOPER shall not be responsible for routine maintenance. Provisions of this Section shall remain in fult force and effect for ten (10j years following the acceptance by CITY of the improvements. it is the intent of this Section that DEVELOPER shall be responsible for all liability for design and construction of the improvements installed or work done pursuant to this Agreement and that CITY shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or inspecting any wark or construction. The improvement security shafl not be required to cover the provisions of this Section. DEVELOPER shall reimburse CITY for all costs and expenses (including but not limited to fees and charges of architects, engineers, attorneys, and other professionals, and court costs) incurred by CITY in enforcing the provisions of this Section. (18) Personal Nature of DEVELOPER'S Obligations. 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 RMPUSIVCD\7[� pro��erty within the DEVELQPMENT subject to this Agreement, anci DE�tELOPER shall not be enfitled to assign its obEigations under this Agreement to any trar�sferee of ail or any part of the property within the DEVELOPMENT or to any other third party without the express written consent of CITY. (19) Sale or Disposition of DEVELOPMENT. Seller or other DEVELOPER may request a novation of this Agreement and a substitution of security. Upon approval of the novation and substitution of securities, the DEVELOPER may request a release or reduction of the securities required by this Agreement. Nothing in the novation shall relieve the DEVELOPER of the obligations under Section (17) for the work or improvement done by DEVELOPER. (20) Time of the Essence. Time is of the essence in the performance of this Agreement. (21) Time for Commencement of Work: Time Extensions. DEVELOPER shall commence substantial construction of the improvements required by this Agreement not later than six (6) months after the date of this Agreement, In the event good cause exists as determined by the City Engineer, the time for commencement of construction or completion of the improvements hereunder may be extended for a period or periods not exceeding a total of two (2) additional years. The extension shall be executed in writing by the City Engineer. Any such extension may be granted without notice to DEVELOPER's surety and shall not affect the validity of this Agreement ar release the surety or sureties on any securiry given for this Agreement. The City Engineer shall be the sole and final judge as to whether or not good cause has been shown to entitle DEVELOPER to an extension. Delay, other than delay in the commencement of work, resulting from an act of CITY, act of God, or by storm or inclement weather, strikes, boycotts or similar political actipns RMPUII\VCD1760 which prevents the conducting of work, which DEVELOPER could not have reasonably foreseen and, furthermore, were not caused by or contributed to by DEVELOPER, shali constitute good cause for and extension of the time for completion. As a condition of such extension, the City Engineer may require DEVELOPER to fumish new security guaranteeing performance of this Agreement as extended in an increased amount as necessary to compensate for any increase in construction costs as determined by the City Engineer. (22) No Vestinq of Riahts. Performance by DEVELOPER of this Agreement shall not be construed to vest DEVELOPER's rights with respect to any change in any zoning or building law or ordinance. (23) Natices. All notices required or provided for under this Agreement shall be in writing and delivered in person or sent by mail, postage prepaid and addressed as provided in this Section. Notice shall be effective on the date it is delivered in person, or, if mailed, on the date of deposit in the United States mail. Notices shall be addressed as follows unless a written change of address is filed with the City: Notice to CITY: City of Palm Desert 73-510 Fred Waring Drive Palm Desert, California 92260 Attn: Public Works Director Notice to DEVELOPER: Lonqs Druq Stores Califomia, Inc. atten: Brad Duey 141 North Civic Drive Walnut, Creek, CA 94596 Notice to SURETY: Federal Insurance Co. c/o Marsh Risk and Insurance Co. Attn: Barbie Norton One California Street San Francisco, CA 94111 RMPUA\VCp\760 24) Compliance With Lao�rs. D�VELC?P�#�, its agen#s, er�ployees, cont3-actors and subcontractors sh�il camp(y with aii federal, state ar�d laca! laws in the performance of the improvements and land development work required by this Agreement. (25) Severabilitv. The provisions of this Agreement are severable. If any portion of this Agreement is held inva{id by a court of competent jurisdiction, the remainder of the agreement shall remain in full force and effect unless amended or modified by the mutual consent of the parties. (26) Captions. The captions of this Agreement are for convenience and reference only and shall not define, explain, modify, limit, exemplify, or aid in the interpretation, construction or meaning of any provisions of this Agreement. (27) L.itigation or Arbitration. In the event that suit or arbitration is brought to enforce the teRns of this Agreement, the prevailing party shall be entitled to litigation costs and reasonable attorneys'fees. (28) Incorporation of Recitals. The recitals to this Agreement are hereby incorporated into in the terms of this Agreement. (29) Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter. All modifications, amendments, or waivers of the terms of this Agreement must be in writing and signed by the appropriate representatives of the parties. (30) Interpretation.This Agreement shall be interpreted in accordance with the laws of the State of Califomia. (31) Jurisdiction. Jurisdiction of all disputes over the terms of this Agreement shall be in the County of Riverside, State of California. RMPUB\VCDV60 . `� ld� �'�(�T�t�C�� `Jt�F~������=, t�r�� �;�r�����s�r�rt i� ��c��;s����i �; t��� �a��ti�� �� c�� ���e r�#�f�; �a'��. � t��reir��b�v� first v�rit����; €�y �iT�", �ay �r�3� ���r�;���t�i i�s����r. CITY OF PAL�11 DESERT DE 8y: DEVELOPER MAYC}R (Proper Notarization f DEVELOPER's signature is required and shall be attached) ATTEST: - CITY CLERK APPROVED AS TO FORM: CITY ATT'ORNEY xMeua�vc�n� A,Lt�-PURPQSE ACK�t�1NLECDGI'�E1ti4T State of California ) )ss. County of Contra Costa ) On July 22, 2008 , before me, Debra R. Davis, Notary Pubiic, personally appeared --------------------------------------- Todd Vasos and Shawn Clancy -------------------------_�w a personally known to me - to be the person(s) whose name(s�are subscribed to the within instrument and acknowledged to me that �e�they executed the same in #is�l�their authorized capacity(ies), and that by—#isN�eF/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. DEBRA R.DAVIS N Co+�M.�I 1724985 Noru�vvueuc•cu�u � ;b�, .vL,- � ' Mr COM�E n FE1.�11,2011� My Commission Expires 2/12/2011 OPTIONAL INFORMATION Document Information This certificate must be attached to the following document: Title or Type of Document: Faithful Performance Bond & Payment Bond (Labor& Materials) Signer(s)Other than Named Above: None Project: #784-Palm Desert Phase II Capacitv Claimed Bv Signer ❑ lndividual a Corporate O�cer(s) Executive Vice President&COO and Vice President Design & Construction, respectively ❑ Partner(s) ❑ Limited ❑ General o Attomey-in-Fact o Trustee(s) ❑ GuardianlConservator ❑ Other Signer is representing: (name of person[s] or entity[iesJ) Longs Drug Stores California, (nc. ��.�,.�������� ���CP��V�l�..�������" State of California ) )ss. County of Contra Costa ) On July 22, 2008 , before me, Debra R. Davis, Notary Public, personally appeared ----------------------------------------Todd Vasos and Shawn Clancy ---------------------------------- o personally known to me - to be the person(s) whose name(s)-+s�are subscribed to the within instrument and acknowledged to me that �eEthey executed the same in �-�their authorized capacity(ies), and that by�/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seaL �`�"W DEBRA R.DAVIS N CoM�+.q 1724965 rn N07ARY PIRUC•CIWFORMN =' � COMTRA C06TA COUNiY � �L�w � Ah Ca�.Ex►.fEo.12.�20� My Commission Expires 2/12/2011 (�PTIONAL INFORMATION Document Information This certificate must be attached ta the following document: Title or Type of Document: Improvement Agreement Signer(s)Other than Named Above: None Project: #784-Palm Desert Phase II Capacity Claimed Bv Siqner ❑ Individual 0 Corporate Officer(s) Executive Vice President&COO and Vice President Design & Construction, respectively ❑ Partner(s) ❑ Limited ❑ General ❑ Attorney-in-Fact o Trustee(s) ❑ Guardian/Conservator ❑ Other Signer is representing: {narne of person[s) or entity[ies]) Longs Drug Stores California, Inc. � 1.ONGS DRUG STC)RE-74527 HIGHWAY 111 , _� . . 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