HomeMy WebLinkAboutRelease Maintenance Security T32498 - Harrison Rd Ventures CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE MAINTENANCE SECURITY FOR TRACT 32498
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANTS: Harrison Road Ventures, LLC
77682 Country Club Drive, Suite A3
Palm Desert, CA 92260
SureTec Insurance Co.
c/o Pinnacle Surety & Insurance Services
151 Kalmus Drive, Suite A201
Costa Mesa, CA 92626
BOND NUMBER: 4385558M Maintenance Bond
DATE: November 13, 2014
CONTENTS: Maintenance Bond
Vicinity Map
Recommendation
By Minute Motion, release maintenance security for tract 32498.
Background
The subject property is located at Shepherd Lane and University Pointe Court. A faithful
performance and labor and materials bond was originally posted at the time of permit
issuance for the construction of off-site improvements. City Council approved the
release of these bonds and the acceptance of a one-year maintenance bond on
November 14, 2013.
Staff has recently re-inspected this project to insure that all improvements remain as
they were originally accepted in 2013. The one-year maintenance period is now
complete and staff recommends that City Council authorize the release of the
maintenance obligation.
Staff Report
Release Maintenance Security for Tract 32498
Page 2 of 2
November 13, 2014
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By: Dep e Head: rr
�
L'h�h'�a_ �a��.;�a ��
Christina Canales, Assistant Engineer Mark G e nwood, .E.,
Director of ublic Works
��.
aul S. Gibson, Director of Finance
roval:
n M. Wohlmuth, City Manager
CiTY COUNCIL ACTION
APPROVED .✓ DEN?ED
RECEIVED OTHER
MEETING DATF ��� �� �4"
AYES:'���nc..NzcrniK, So��l,►nl[.�G/, anna.r
NOES:��
A13SF,NT: NO(�Q
ABSTAIN: �'��
VERIFIF:D I3Y: �./rIM
nriginal on F+ile with Citv Clerk's Ofi'fice
4
. °' .
MAINTENANCE BOND
sotvD NO.: 4385558M
Premium included in Pcrformance Bond
KNOW ALL MEN BY THESE PRESENTS.
THAT we, Hamson Road Ventures, LLC ,as Principal,
�d ure ec nsurance 0!'1'1 an ,a corporation organized and doing business under
and by virtue of the iaws of the State of @X85 and duty licensed to conduct surety
business in the State of Celifomia,as Surety,arc hcld and firm)y bound unto
City of Palm Desert
�ot�i�ga,in the sum of Thirty Four Thousand Five Hundred Seventeen & 00/100
(S 34.�'�00 )DoUara,for which payment,weU and truly to be made,we bmd ourselves,our heirs,exe�,�utors
and successors,jointly and sevcrally firmly by these presents.
THE CONDITION OF THE OBL1CiATI01� IS SUCH THAT:
WHEItEAS,the above namexl Priucipa!entered into an agrecment oragrcements with seid Obligee to:
University Pointelfract No. 32498
WHEREAS,said agr+cement provided that Pnncipal shall guaranux rcplacement and repair of impmvements a�descnbod
the�zin for a period of one year following final acceptance of seid improvemet�ts;
NOW,THEREFORE,if the atwve Princ�pal shall indemmfy the Obligee for ell loss thet Obl�gee may sostam by rcason
of any defecti��e matuials ar workmanship which become apparent dunng 1he period of one year from and afler nc:u�ptance
of the said improvemtnts by Obligce,then�his obligation shall be void;otherwise to remain in full force end efi'ect.
IN WITNESS WHEREOF,the seal end signature of seid Pnncipal is hcreto eff'ixed and the cotporatc scal and the namc
of the said Surery is hereto Affixed and attcsted by its duty authorized Attorney-in-Fact
�n�s 8th dey�r October , 2013
��
Harrison Road Ventures, LC SureTec Insurance Company
_ . _ v���� ,. ----
BY
- _ ___ _� _
�S�.�.....1 C�e(�.. ep n�e Oa 9 -----^n�cr m-Faci
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CALIFORNIA ALL-PURPOSE ACKNOWLEDCiMENT
State of Califomia
County of �B�
On � � before me Barbara Copeland,Notary Public
ow ' rw�t —�'e« '
personally eppeered ____ Stephanie Hoang
N.m.t.�a n
who proved to me on the basis d satlsfactory ev(dence to
be the person(s)whose name(s)is/are subspibed to the
within instrument and adcnowledged to me that
,y,�� he/she/lhey executed Uie seme in hislhedlheir at�lhorized
BAABARA COPELAND �h+(i�), ���bY hislhedtt�eir signature(s) on the
� -� ��� Commisaion#2016348 instrument the p e r s o n(s), or the en t i t y u p o n behalf of
� '� Nctuy Public-C�Iltornla which 1he person(s)acted,e�oeaited the instrumeM.
� Onnpe Coumy
Comm.Ex irea A r 19,2017 � �ni{y under PENALTY OF PERJURY under the laws
of the State of Califomia that the foregoing paragraph is
irue and conect.
WITNESS my and and o#ficial seal.
���� Signature
�
OPTIONAL
�►wug►,a�e i�4rm,na►►beb►�is na,epwed ay le►�t M mar wo�+s vaM.ea+.a pen�rta r�y�p a►are docume�►
and cadd P�+eysnt IrauduAent rer►avel and realtedrment ol Ih/s A�mr�o anodier davment
Description oi Attached Document
7`itle or lype of Document:
Document Date: Number of Pages:
Siflner(s)OtherThan Named Above: ----_.__
CaPscitYnes)Clsimsd b!I�9�{a�
��g��: Stephanie Hoang Si�era Name:
O Individuel O indivtduel
O Corporate OHioer—Title(sj: �Corporate Ofticer—Title(s):
❑ Partner—O Limited U General C'Partner—.�Limited C Gene►al
C}� Attomey in Fact ❑Attomey in Fed
❑ Truatee Top a imrno►�e O Trustee �ov a�nere
❑ auardian or ConserveWr ❑Guerdian or Conservator
O Other: �Other.
Signer Is Representing: Signer Is Representing:
0200?IM�OIMINOIY�AnoCirOn•R7600sS01DM..P.Q00[Z1QZ•Q�orh.CA9131bZ�02•�ap IMn15Yd7 p�O11r.CJ/TaLFMI�lOD�76�T7
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POA#: 510006
SureT'ec Insurance Company
LIMITED POWER OF ATTORNEY
girow All Men by 7Yiese Presa�ts, That SURETEC IIJSURANCE COMPANY (the "Company"), a corporation duly organiud end
axisra�g unda the Iaws of the Stau of Texas, and having its principal office in Houston,Harris County, Texss,does by these prescats
mekq constihrte aad appoint
Eric Lowey,Mark Rlchardson,Stephanie Hoang,Shawn Blume
• its true and lawful Auorney-ia-fact,with full powv and authority hereby conferred in its name,place and stead,to execute,ackaowledge
and deliver any end sll bonds,recognizances, undermldngs or other instruments or contracts of suretyship to iaclnde waivers to the
conditions of contiacts and consents of surety for.
Flve Million and 00/100 Odlars(s5,000,000.Op)
and to bind the Company thenby as fully and to the same exteat as if such bond were signed by the Pnsident,sealed with the corporate
seal of the Company ead duly attested by its Secretary,heraby ratifying and con5rming all that the said Attomey-in-Fact may do in the
pnmises. Said appoimment shall continue in force imtil �����s end in msde under and by aud�ority of the following
resolutions of the Board of Directors of the SureTec Iasurance Compauy:
Ba ir RuoJvca� t6at We Presiden�any Via•President,any Assistent Via-Praideat,any Sectetary or any Assistant Sa�tary shall be and is
hereby vcsted witb full povrer end authority to eppoim eny one or mora sulmble pe�soos es Attomry(s)-ia-Fact to represent and act for aad on
behalf of the Company subject to the following provisiaas:
Anornsy-ln-Fact may be given futl powc and wtharity for end in the neme of aad of behelf of t6e Compeay,to exccute,acirnowledge and
deliver,eny aad all bonds.recognizances,contracts,agraments or indemaity and othu conditiomal or obligatory undertskings aad any and aU
aotices and doc�anents canxling or terminating We Compeny's liabiliry thveunda, and any such instrummts so acceuted by any such
Auomey-ln-Fect sha11 be binding upon the Compaay as if si�od by the Praident end sealed and etFaxed by the Corpocate S«aetary.
Ba it Resohed thet the signature of eny wthorixed o�cer end seal of the Compmy ha�etofore or hereaftu affixed to aay power of attwney or
auy cer'hficate rela6ng t6ereto by facsimile,aod eny power of ettoroey w certiEaUe bearing facsimile si�edure or facsimile sea!sball be valid
and Dinding upoa the Compeny with respect to eny boad or undertaldng to which it is attac�ed. (Adopted at o nueting held on 10°of Aprlf.
1999.)
In Wld�us FS�7irrr%�l1RETEC IIVSURANCE COMPANY has caused tbese presents to be sigi�ed by its Prasident,aud its corporate seal
to be he:e��etax.,d L�i,21::day of March,A.D.2013.
SURETEC INSURANCE COMPANX
��Sf�cFp
�o X ,9 0; By:
� w y � John oz Jr: resident
Statc of Teac� s+. 7� l r
Counh+of Harris �
. *
On thia 2��day of March,A.U.2013 before me pusonaliy ame loLn Knox Ir.,to me larown,w6o,being by mo duly sworn,did depose and say,that he
residea ln Houawrti Tr.xas,diat he is Pre�daU of SURE7EC INSURANCE COMPANY, ttie company described in md which executed the above
��M*+�++r�t;t}►at be laiows t�e seal of said Company,Wat t}se seal effixed to said instrument is such corporete seal;that it was so affixed by ordet of the
Board of Dincto�of said CompN�y;end thst he sigoed 6is name thaeto by like order
,�couavN�unOw�o
Noltry Rbfic
Sb1s d Tens
My c«m+•Exo snano» Jrcq�elyn M'Idooado,Notxry Publtc
My commission expires May 18,2017 �
I,M Brent Beaty,Assistant Secretnry of SURETEC INSUItANCE COIv�ANY,do haeby cxrtify thet We above and fareQoing is a true and correct copy
of n Power of Attomey,execuced by said Compeny,w6ich is still in fi�ll forcx and e�'cd;and fiuthertnare,the resolutionv of the Boerd of Directors,sct
out in the Powc of Attomey are in full foroe sad effect. �
Givea under my hand and the seal of said Company at Houston,Texas this .��day of _ _��,�_,AD.
.Bre t Beaty,Assistant ecretary
i
+ any�natn►meM Is.wd I�exc.ss or tn.aenalty atated sbova Is eoauy vad and wtthout any varldny.
I For vsriticatlon ot th�autlrority of this pow�r you msy call(713�812-0800 any buslnaas tlay betwe�n 8:00 am and 6:00 pm CST.
I
I
I
_ i
CALIFORNW ALL-PURPOSE ACKNOWLEDaMENT crv�000��„a�
State of CaNfornia
Counry of `V � � ��
On� .� ior�e, �
o.w �. �,,..�w r�.a n.
personally appeared u�' �I�1 1���� ��
►�Ion.tU af smre.► ---..-_ �_�__._ ,
�------�--------—^__--
�
who proved to me on the basis of satisfactory
evidence to be the person�whose name�is/aP�
subscribed to the within instrument and adcnowledged
to me that he/sb�e�r executed the same in
8���BC�� hish�erAheir authorized capacity(�, arx! that by
���i�� his/her/ttiei� signature�'on the mstrument the
�r p�_�� person� o� the entity upon behalf of which the
qNr�rsb�Cowyr person�'acted, executed the instrument.
Cpan. D�c 18 2015
I certify under PENALTY OF PERJURY under the
laws of the State of Caiifomia that the foregaing
paragraph is true and correct.
WITNESS my hand official seal.
�--„"�
Signature: __
w.c.naary sw�eow r+onry nubwe
OPTIONAL
Though fhe in(ormaGa�below is not requ/red by law,it may prove va/uabfe to persons�elying on tt►e doarmenf
and onuld provent Iraudulent remova/and reattachment ol this lorm to another documenl.
Descriptton of Attached Document
Tdle or Type of Document: __ _ ______
Document Date: � Number of Pages: _�
Sgner(s)Other Than Named Above• —- - - -- ---.- -
Capacity(les) Claimed by Signer(s)
Signer's Name: _..`___...__�.__ Signer's Name: -----:_--___._ .
�� Corporate Officer — Title(s): u Corporate Officer—Title(s):
"_i individual !.-J Individual
� Pertner— Limited General rop a uwme nere :��Partner — Limited General � Tpp pf(M.xrib h9�0 ;
!J Attomey in Fact L�Attomey in Fact � '
D Trustee ��'Trustee � i
'_' Guardian or Conservator �_:�Guardian or Conservator � j
�_J Oiher. _ ,:_�Other: i �
� �
Signer Is Representing: Signer Is Representing: �I
1
_ ___ . - --- - ,
- ---��� —._.---- -- . .__ L---
C POfO lMrwn�l NoWr Apoti�}on•NallondNotsry pq•1•Epp U9 NOTARY(t-l00-07bEeZ7) �m ISpp7
TRACT 32498
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Legend O
1: 1,639
— Circulation Network — SVeets
'•1°s-�•, Li City Boundary ❑ Parcels(1/2012)
Notes