HomeMy WebLinkAboutR23390 - Partial Cert of Cmpltn for Site Work PhaseContract No. R23390
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: APPROVAL OF THE PARTIAL CERTIFICATE OF
COMPLETION FOR SITE WORK PHASE AT THE FALCON
CREST AND LA ROCCA VILLAS DEVELOPMENTS
SUBMITTED BY: CATHERINE WALKER, SENIOR MANAGEMENT ANALYST
DEVELOPER: COMDYN PD, LLC
2800 28T" STREET, SUITE 206
SANTA MONICA, CA 90405
DATE: MAY 8, 2008
CONTENTS: PARTIAL CERTIFICATE OF COMPLETION
Recommendation:
By Minute Motion, that the Agency Board:
1. Approve the Partial Certificate of Completion for Site Work
Phase at the Falcon Crest Development and La Rocca Villas
Developments.
Discussion:
At the last regularly scheduled meeting of April 24, 2008, the Agency Board
formally accepted the Site Work Phase of both the Falcon Crest and the La
Rocca Villas Developments. In accordance with Section 1.4 of the Agreement,
after Acceptance for a phase has been issued, the Agency shall take forward for
approval a "Partial Certificate of Completion".
Each of the five phases of construction will require a "Partial Certificate of
Completion", after Acceptance by the Agency Board. Upon completion of the
duties outlined in the marketing and for -sale plan, Exhibit B.4 of the Agreement
Staff Report
Approval of Partial Certificate of Completion for Site Work Phase at the Falcon
Crest and La Rocca Villas Developments
Page 2 of 2
May 8, 2008
and Acceptance of each phase, the issuance of the "Final Certificate of
Completion" will be brought forth for Agency Board approval.
Submitted By:
Catherine Walker
Senior Management Analyst
71r,
Approval:
Justin Carthy
ACM edevelopment
Department Head:
Dave Yrigo&IVC
Director of
Paul S ii
-ArCarlos L. C
nt/Housing
K(S / i
;Qr(�ector of Finance
, Executive Director
ZIOX0 VCd BY RDA
ON
VERIFIED BY /eDK lmgrn
Original on file with City Clerk's Office
G \rda\Cathy Walker\Ward Data\STAFF REPORTS\Staff CorrDyn Partial Certificate Sitework Phase doe
PARTIAL CERTIFICATE OF COMPLETION
This Partial Certificate of Completion is given this day of May 2008, with
reference to the following matters:
A. The PALM DESERT REDEVELOPMENT AGENCY, a public body
corporate and politic (the "Agency") and COMDYN PD, LLC, a California limited liability
company (the "Developer") entered into a certain Agreement Between the Palm Desert
Redevelopment Agency and Comdyn PD, LLC for Fee Developer Services for Agency
Owned Property Located in the City of Palm Desert (the "Agreement"), which
Agreement provides, in Section 1.4 thereof, that the Agency shall furnish the Developer
with a Partial Certificate of Completion upon completion of construction of the phases of
the For Sale Housing and Rental Housing (each as described in the Agreement) (the
"Improvements") and located on the real property described in Exhibit "A" attached
hereto (the "Site"), and
B. This Partial Certificate of Completion shall be evidence of satisfactory
completion of the construction of the Improvements required with respect to the Site.
NOW, THEREFORE, the parties to this instrument hereby provide as follows:
1. As provided in the Agreement, this Partial Certificate of Completion does
hereby evidence that the construction of the Improvements on the Site has been
completed in accordance with the provisions of the Agreement and the Construction
Documents (as defined in the Agreement).
2. Except as described in Section 1 above, this Partial Certificate of
Completion shall not constitute evidence of compliance with or satisfaction of any
obligations of the Developer under the Agreement.
PALM DESERT REDEVELOPMENT
AGENCY, a public body, corporate and politic
By:
Name: Jean M. Benson
Title: Chairman
ATTEST:
Rachelle D. Klassen, Secretary
116402-0201,1006;00v i .doc
EXHIBIT "A"
LEGAL DESCRIPTION OF THE PROPERTY
Tract No. 30795, in the City of Palm Desert, County of Riverside, State of California, as
per map filed in Book 406, Pages 73 through 80 inclusive, of Maps in the office of the
County Recorder of said County.
Ph IO2-02-01 100030()\ 1 doc