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23773-1 Starlight Dunes 89CITY OF LA QUINTA SUBDIVISION IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this /O zoday of IP69 , by and between STARLIGHT DUNES** hereinafter refe re to as "SUBDIVIDER", AND CITY OF LA QUINTA, a municipal corporation of the State of California, hereinafter referred to as "CITY". ** a California General Partnership. WITNESSETH: WHEREAS, the Subdivider has prepared and filed a final subdivision map of Tract No. 23773-1 in the City of La Quinta, County of Riverside, for approval by the City; and WHEREAS, as a condition precedent to the approval of said map by City, Subdivider is required to offer dedication of those parcels of land intended for streets, highways and other public use, and also to construct and install or agree to construct and install certain improvements of said dedicated parcels; and WHEREAS, Subdivider, by said map, has offered for dedication to CITY for public use certain streets and easements shown on said map; and WHEREAS, City desires to accept the streets and easements shown on said map for public use, and certain other such improvements; and WHEREAS, as a condition precedent to the acceptance of the dedication of such streets and easements by City, Subdivider is required to enter into an agreement with the City to construct certain improvements; and WHEREAS, the total cost of such improvements has been estimated by the City Engineer to be approximately $458,544.00 Dollars; and WHEREAS, Subdivider, by said map, has proposed to utilize certain parcels of land for private streets, and also to construct and install or agree to construct and install certain improvements; and WHEREAS, Subdivider, by said map, has not offered for dedication to the City for public use the aforementioned private streets; and WHEREAS, even though said private streets shall not be dedicated to City for public use, City desires to insure that said streets are constructed to the same standards and specifications required by City for public streets; and WHEREAS, the total cost of such improvements has been estimated by the City Engineer to be approximately $564,354.00 Dollars; NOW, THEREFORE, IT IS AGREED BY and between the parties thereto as follows: 1. Subdivider, at his sole cost and expense, shall construct -and install the street, drainage, landscaping, domestic water, sanitary sewer and other improvements required to be constructed or agreed to be constructed as a condition precedent to the approval of said final map and acceptance of such streets and easements, as shown on the "Improvement Plans for Tract No. 23773-1; a copy of which is now on file in the office of the City Engineer of the City and which is referred to and incorporated herein as though set forth in full; except as hereinafter specifically setforth in EXHIBIT 'A' DEFERRED IMPROVEMENTS. Subdivision Improvement Agreement Page 2 2. Subdivider shall furnish to City a security satisfactory in form and substance to City Attorney executed by a corporation authorized to transact surety business in the State of California on forms approved by the City, one security to be in the sum of $1,320,046.00 Dollars to assure the faithful performance of this Agreement, and one security to be in the sum of $666,023.00 Dollars to assure payment of the cost of the labor and materials for the improvements required to be constructed or installed hereby. 3. Before final approval of the street improvements, the Subdivider will place survey monuments in accordance with the provisions of the State Subdivision Map Act and the Subdivision Ordinance of the City of La Quinta as shown on the Tract Map. The Subdivider, after setting the monuments, shall furnish the City Engineer of the City of La Quinta, written notice of the setting of said monuments and written proof of having paid the engineer or surveyor for the setting of said monuments, or as provided for in the Subdivision Map Act. 4. In accordance with the terms of said subdivision regulation aforesaid, the Subdivider does hereby agree to furnish a security satisfactory in form and substance to the City Attorney in the amount of $10,000.00 Dollars to guarantee payment of the cost of setting monuments as stated in Item No. 3 of this agreement. 5. The City Engineer or his duly authorized representative, upon written request of Subdivider, shall inspect the improvements herein agreed to be constructed and installed by Subdivider, and if determined to be in accordance with the applicable city standards, shall recommend the acceptance of such improvements by the City. 6. Subdivider shall complete such improvement plans including any corrections or revisions thereto necessary to comply with the applicable City standards as determined by the City Engineer, within thirty (30) days after approval of the final map. 7. Subdivider hereby guarantees such improvements for a period of one year following the completion by Subdivider, and acceptance by City , against any defective work or labor done, or defective materials furnished, in the performance of this Subdivision Improvement Agreement by Subdivider and shall repair or replace any such defective work or materials subsequently discovered. 8. Subdivider shall commence the construction and installation of such improvements within ninety (90) days from the approval of such "Improvement Plans" for Tract No. 23773-1 by the City Engineer, and shall complete such construction and installations within eighteen (18) months from such date of commencement. 9. The labor and material security required herein at Item No. 2 herein shall be retained by the City for one (1) year to support the guarantee of the improvements by the Subdivider as required by Item No. 7 herein. 10. Ten percent (10%) of the performance security required by Item No. 2 herein shall be retained by the City for one (1) year to support the guarantee of the improvements by the Subdivider as required by Item No. 7 herein. 11. Subdivider also agrees, at his sole cost and expense, to construct and install to the standards and specifications required by the City, the Private Streets as shown on the aforementioned "Improvement Plans" for Tract No. 23773-1. Subdivision Improvement Agreement Page 3 12. Subdivider shall furnish to city a security satisfactory in form and substance to the City Attorney executed by a corporation authorized to transact surety business in the State of California on forms approved by the City, one security to be in the sum of $1,022,898.00 Dollars to assure the faithful performance of this Agreement with respect to said Public and Private Streets, and one security to be in the sum of $511,449.00 Dollars to assure payment of the cost of labor and materials for the Public and Private Streets required to be constructed hereby. 13. Subdivider shall furnish to the City a separate security satisfactory in form and substance to the City Attorney, one security to be in the sum of $110,800.00 Dollars payable upon demand of the City for the cost of future street improvements to be constructed by the City on an as needed basis to be determined by the City and as shown on the attached Exhibit 'A' Deferred Improvements. 14. The City Engineer or his duly authorized representative, upon written request of Subdivider, shall inspect the Streets herein agreed to be constructed by Subdivider, and determine if said Streets have been constructed in compliance with the standards and specifications required by City for public streets. 15. Subdivider hereby guarantees said Public and Private Streets for a period of one year following the completion by Subdivider, and approval by City Engineer, against any defective work or labor done, or defective materials furnished, in the performance of this Subdivision Improvement Agreement by Subdivider and shall repair or replace any such defective work or materials subsequently discovered. 16. Subdivider shall commence the construction and installation of said Public and Private Streets within ninety (90) days from the approval of such "Improvement Plans" for Tract No. 23773-1 by the City Engineer, and shall complete such construction and installations within eighteen (18) months from such date of commencement; provided however, that Subdivider shall have the option at its sole discretion to extend the completion period described herein past the eighteen (18) months time period to any future date said Subdivider may select. It is understood, however, that as a condition precedent to extending the aforementioned completion period, Subdivider shall furnish the City the securities described in Item No. 12 herein covering any extended completion period selected by Subdivider pursuant to this paragraph. The amount of said securities to be furnished to City pursuant to this paragraph shall be sufficient to insure the performance of additional work to complete, after taking into account work already performed, the aforementioned Private Streets. Said securities amount to insure completion shall be determined by City's engineer. 17. The labor and material security required herein at Item No. 12 shall be retained to secure payment to the contractor, his subcontractors, and to persons renting equipment or furnishing labor or materials for six (6) months after completion and approval of the work provided at Item No. 11 herein by the City Engineer. 18. Ten percent (10%) of the performance security required by Item No. 12 herein shall be retained by the City for one (1) year to support the guarantee of the improvements by the Subdivider as required by Item No. 15 herein. Subdivision Improvement Agreement Page 4 19. In the event that Subdivider fails to perform any obligation hereunder, Subdivider authorizes City to perform sucfl obligation sixty (60) days after mailing written Notice of Default to Subdivider at the address given below, and agrees to pay the entire cost of such performance by City. 20. In the event that Subdivider fails to perform any obligations hereunder, Subdivider agrees to pay all costs and expenses incurred by City in securing performance of such obligations, including costs of suit and reasonable attorney's fees. In the event that Subdivider is unable to perform within the time limits herein due to caused beyond his control, such as strikes, acts of God, etc., all time limits will be extended by the same amount of time as caused by such delay. 21. Subdivider hereby binds itself, its executors, administrators and assigns, and agrees to indemnify, defend and hold the City harmless for any losses, claims, demands, actions or causes of action of any nature whatsoever, arising out of or in any way connected with the improvements agreed to be constructed and installed hereunder by the Subdivider, including costs of suit and reasonable attorney's fees. EXHIBIT 'A' SUBDIVISION IMPROVEMENT AGREEMENT TRACT NO. 23773-1 DEFERRED IMPROVEMENTS FRED WARING DRIVE MEDIAN: The construction of the raised curbed and landscaped median along Fred Waring Drive from Adams Street to the westerly boundary of Tract No. 23773-1 is deferred at this time for future construction by the City on an as needed basis to be determined by the City. The Subdivider shall bear fifty (50%) percent of the cost of the median construction including incidentals. The Subdivider's estimated share of the median construction cost including incidentals is $51,000.00 payable upon demand to the City for construction purposes. The Subdivider's cost shall be based on actual construction cost plus incidentals not to exceed $51,000.00. Following completion of construction of the median, and in the event that the Subdivider's deposit exceeds fifty (50%) percent of the total construction cost, the balance of the deposit shall be refunded to the Subdivider. FRED WARING & ADAMS TRAFFIC SIGNALS: The construction of the Traffic Signals and appurtenances at the intersection of Fred Waring Drive and Adams Street is deferred at this time for future construction by the City on an as needed basis to be determined by the City. The Subdivider shall bear twenty-five (25%) percent of the cost of the construction of Traffic Signals including incidentals. The Subdivider's estimated share of the construction cost including incidentals is $25,000.00 payable upon demand to the City for construction purposes. The Subdivider's cost shall be based on actual construction cost plus incidentals not to exceed $25,000.00. Following completion of construction of the median, and in the event that the Subdivider's deposit exceeds twenty-five (25%) percent of the total construction cost, the balance of the deposit shall be refunded to the Subdivider. ADAMS STREET (PORTION): The construction of the street improvement along a portion of Adams Street from Galaxy Drive 300 feet + to the northerly boundary of Tract No. 23773 is deferred at this time for coordination with the future construction of Tract No. 22714 or on an as needed basis to be determined by the City. The Subdivider shall bear one hundred (100%) percent of the cost of the said street improvement construction including incidentals as shown on the Subdivision Improvement Plans. The Subdivider's estimated construction cost including incidentals is $30,000.00. The Subdivider shall proceed with construction of said improvements upon written direction of the City; or, subject to the approval of the City, the Subdivider may enter into a separate agreement causing said improvements to be constructed by Others all at the expense of the Subdivider. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. CITY OF LA QUINTA By:_( a z A::�� A Ronald L Kiedrowski City Manager ATTEST: r By:- 6;4, City Clerk SUBDIVIDER: By: STARLIGHT DUNES, a California General t c ,'D 14,4S c. J e jl y tYtu�sC► / "� By:_ a gen 1 partn r By. a general partner Subscribed and Sworn this day of _ 19 Seal of Notary REVIEWED AND APPROVED to before me CityfEnq-14eer CORPORATE ACKNOWLEDGMENT Partnership By. a ';4Vh4tal part Date State of California On this the 2 8 t ay of June 198, 98 9 before me SS. County of RIVERSIDE RAULENE BELLEFEUILLE , • the undersigned Notary Public, personally appeared BRIAN F. CAINE : l personally known to me AultheN a '�11le ❑proved to me on the basis of satisfactory evidence • ' NOTARY PUBLI .0AUROM" to be the person(s) who executed the within instrument as ,.- RIVERSIDE COUNTY • M COMM. EXtr. fEs. 26.1993 President or on behalf of the corporation therein • ; named, and acknowledged to me that the corporation executed it. WI S my handt�i ial seal. • `�G�� (� ��I • ...........................................................................................................................: Notary's Signature in Duplicate LABOR AND HATER=AL P.AYM=T BOND BOND NO. 3 SM 720 .429 00 PREMIUMt Included in Performance Bond KNOW ALL, MEN BY MSE PRESS, That We, Sta rl ight -Dunes, A California General Partnership as Prin Pa , an --American Motorists Insurance company Surety, are held and firmly bound unto C i ty of La Qu i nta an Q g00, in they dum of Nine Thousand Five Hundred Twenty Two o- ars Do axe C"R 9 q 2 7 - no law?Ul money of the United Stater., for the payment of wh-10-h sum well and truly to be made, we bind ourselves jointly and aovorally, firmly by these presents. THB'CQNDITIQN OF THE FOREGOING OBLIGATION IS SUCH, That, Whereas, said Principal has entered into a Subdivision Agreement with=said Obligee, dated Ga , in which said Principal agrees to construct deAigrAtcd pu 1 v improvementa,. as follows: Domestic Water System for Tract No. 23773^1 and;., ae a condition of., approving said Subdivision, the Principal is required to give a Labor and Material .Payment Bond as herein provided. NQW, THEREFORE-, if said Prinaipal or any contractor or subcontractor falls . , to pay. for any materials, provisions, or rented equipment used in upon, or .for or about the construction of the public impro ✓ementr or performance of the work to be done, or for any work or labor done of any kind, in or on such improvements, said Surety will pay the same in an amount not exceeding the aum a.t forth above and, in addition, the Surety agrees to pay rearonabla attorneys' feem in the event that it becomes necessary to bring an action to enforce this bond. This bond shall inure to the benefit of the contractor, his subcontractors, and to persons renting equipment or furnishing labor or materiala to them for the improv©tnents. Signed and sealed on June 26,19$9 Star-) [.ght Dunes A California Genera'I Partnersh i venturer Principe Y B: Will .Shupper,Attorney in Fact `�ut.*d in Dupl icate LABOR AND -MATERIAL PAYMENT BOND t 84L div on BOND Me 3` SM-00" 720 .430 00 PRBMIUMc Included in Performance Band KNOW ALL. MEN BY MSB PRESMNTS, That We, Starlight Dunes, A California General Partnership as Pr no pa , and American otoris s nsurance Company Surety, are held and firmly bound unto City of La Qu i nta ab Obligem, in thaf dtLtt o F i f tv Nine Thousand F i f ty Three Dollars Do axe , aw u money Of t e Un ted Stater., for the payment of who sum well and truly to be mad•, we bind ourselves jointly and severally, firmly by these presents. THZ*CQNDITIVN of THE FOR$GOINa OBLIGATION IS SUCH, That, Whereas, said Principal has entered into a Subdivision Agreement with said Obligee, dated l in which said Principal agrees to vonatruct ea gnatod pu 1 o improvements, as follows: Sanitary Sewer System for Tract .No. 23773-1 and; . ae a condition of., approving said Subdi.viaion, the Principal is required to give a Labor and Material' .payment Bond as herein provided, NOW, THRREFORI-, if said Principal az any oontractor or subcontractor f4ls .. to pay. for any materialm, provisions, or rented equiPment used in upon, or .for or about the aonatructi.on of the public improvements or performance of the work to be done, or for any work or labor done of any kind, in or on such improvements, said Surety will pay the mama in an amount not exceeding the aum -vat forth above and, in addition, the Surety agrees to pay reasonabia attorneys' fees in the event that it becomes neasBsary to bring an action to enforce this bond. This bond shall inure to thu benefit of the contractor, his subcontraotors, and to persons renting equipment or furnifillIng labor or materials to them for the improvements, Signed and sealed on June 26,1989 Starlight Dunes, A California General Partnership Venturer Principe krnertigog Motorists Insurance Company B two"- WIP'l"J.Shupper,Attorney in fact r Executed in Duplicate LABOR AND MATERIAL PAYMMT BOND dive, on BONI) Na. 3SM 72o. 427 00 PREMIUMI Included in Performance Bond KNOW ALL. MEN BY THESE PRESENTS, That We, Sta rl ight -Dunes, A California General Partnership --� as Pr nv Pal-, and Amer i can Motor i sts I nsu'rance Company Surety, arc held and fiZMly bound unto CifX of _ La QU� nta as Q 404. in the su,m Of Two Hundred Twenty -Nine Thousand Two Hundred Dollats ,lawltil money at the- Un tad i5tatea., for the payment Qf whi-ch sum well and truly to be made, we bin d ours*lves jointly and severally, firmly by these presents. THE'CQNDITIQN OF THE FOR$00IN0 OBLIQATION IS SUCH, That, Whereas, said Principal has entered into a Subdivision Agreement with=s&id Obligee, dated in which said Principal agrees to construct -de- ign tod pu 1 o improvements, as follows: Public Street and Drainage Improvements for Tract No.23773-1 and;., cat a condition of.. approving said Subdivision, the Principal is required to give a Labor and Material .Payment Bond as herein provided. NQW, THEREFORE) if said Principal or any contractor or subcontractor fatle . , to pay, for any materials, provisions, or rented equipment used in upon, or.for or about the construction of the public improvements or performance of the work to be done, or for any work or labor done of any kind, in or on such improvements, said Surety will pay the same in an amount not exceeding the aum sot forth above and, in addition, the Surety agrees to pay reamonable attorneys' teen in the event that it becomes necessary to bring an action to enforce this bond. This bond shall inure to the benefit of the contractor, his subcontractors, and to persons renting equipment or furnishing labor or materials to them for the improvements, Signed and sealed on June 26, 1989 ,�_��. Starlight Dunes, A California General Partnership Venturer Prinoa.pa Am rjC& Motorists Insurance Company nv: Wi1J.Shupper,Attorney in Fact I �xecut4 in Dpplicate BOND NO . 3 SA Z20: 4 28'. o g" PREMIUM; Included' In Performance Bond LABOR AND MATERIAL PAYMENT BOND Qdiyi m ion ) i Ea, KNOW ALL. MEN BY UMSE PRZSWTTS, That We, Sta'rl i ght Dunes, A California GeneCgj Par ne rsh i as Pr nv pa , an merican Motorists Insurance Company Surety, are held and firmly bound unto C_ ty of La�Qu i nta as G gee, n the Aum of Two Hun re i ghty Iwo Thousand on'e'-Tu-ndred Dollars ( $ 282 1 states., for bind ourselves 7.00 - ) - lawful money of the-- United he payment of which sum well and truly to be made, we Jointly and severally, firmly by these presents. THE -CONDITION OF THE FORZOOING OBLIGATION IS SUCH, That, Whereas, said Principal, has n ered Into a Subdivision Agreement with said obligee, dated. � 49 i' , in which said Principal agrees to construct esi natod pu 1 a improvements, as follows: Private Street, Drainage, Grading and Landscaping for Tract No.23773-1 and;. ota a condition of -approving said Subdivision, the Principal is required to give a Labor and Material.payment Bond as herein provided. NOW, THEREFOR.B; if said Principal or any contractor or subcontractor fatls . , to pay. for any materials, previsions, or rented Equipment used in upon, or.for or about the construction of the public improvements or performance of the work to be done, or for any work or labor done of any kind, in or on such improvements, said Surety will pay the same in an amount not exceeding the cum set forth above and, in addition, the Surety agrees to pay reamonable attorneys' fees in the event that it becomes neeassary to bring an action to enforce this bond. This bond shall inure to the benefit of the contractor, his subcontractors, and to persons renting equipment or furnishing labor or materials to them for the improvements, Signed and sealed on June 26,1989 Starlight Dunes, A California venturer Principe America Motorists Insurance Company : WilligdjShupper, Attorney in Fact AMERICAN MOTORISTS INSURANCE COMPANY i eoNo No .... 3SM.... 720 42.J:.,A.... MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS, Thatwe,.... $;arl.j.gh:t.,Dunes...................................................................................................................................... ....................................................................................................................................................................................... 0......1...... , of.....................................................................................................(hereinafter called the Principal), as Principal, and AMERICAN MOTORISTS INSURANCE COMPANY, , a corporation, organized and existing :under the laws of the State of Illinois and authorized to become Surety in the State of .... I l,l,i,no s,,,,,,,,,,,,,,,,,,,, ereinafter called the Surety) as Surety, are held and firmly bound unto................................................................ .........Cit of La uinta ........Y...............Q................................................................................................................................................................. thereinafter called the Obligee) in the penal sum of ..... F.Qr.y.......q...Tr•4•�•f!d•••�9�ht,,,Hundred„ Fi fty,,,,Four ......................................'.-.".-..-'.:.--.:.------------------------------bollars ($. 45,1854.00 ----------------............................................. ... ...........................) ,,to which payment well and truly to be made we do bind ourselves, out and each of our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. the said Principal entered into a contract with the........ U.U..Af..1d..QUiR. tA.......................................... ....................................................................................................0..........................dated ........................................................ Public Street and Drainage for Tract No.23773-1 REAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the Dd of ... QJ1P.......... year(s) after approval of the final estimate on said job, by the owner, against all de- s in workmanship and materials which may become apparent during said period, and ;REAS, the said contract has been completed, and was approved on...............1.9..0............................................. of............. may ..................... 1 9.....9.2 THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Ob- for all loss that the Obligee may sustain by reason of any defective materials or workmanship which ime apparent during the period of ..... Qrm......... year(s) from and after .......May....1.9,.19.g2. ................................... i this obligation shall be void, otherwise to remain in full force and effect. ght„Dunes,;,,,a. California ..........(L.S.) General Partnership (L.S.) ............................................................................... PRINCIPAL(S) AMERICAN M TO ISTS INSURANCE COMPANY `WITNESS: BY ......... W i 11 i u per Attorney-in-Fact. ....................................................................................................... PRINTCO IN U.f.M. ----'AMERICAN MOTORISTS INSURANCE COMPANY 3SM 720 427- BONDNO ............................................. MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS, S arl ' ht Dunes..........................................................................:....................................... That we................1..,.................................... .........................................................................................................................................................................•............................ , of.....................................................................................................(hereinafter called the Principal), as Principal, and AMERICAN MOTORISTS INSURANCE COMPANY, , a corporation, organized and existing under the laws of the State of Illinois and authorized to become Surety in the State of....I1,l,,Do s,,,,,,,,,,,,,,,,,,, (hereinafter called the Surety) as Surety, are held and firmly bound unto................................................................ .......... C i tyof...�a...Qu.i,nta..................................................................................................................................................... d i ht Hundred•, Fi ft Four (hereinafter called the Obligee) in the penal sum of.... Trq,� 0••••• .. .........•..••••••••••• .. Y........... ...............-._.__.___ ..._.__._,__._•,------------------------------bollars ($. .........) to which payment well and truly to be made we do bind ourselves, out and each of our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the said Principal entered into a contract with the ........ City ... Qf...J-d...QdR.U.......................................... ..............................................................................dated........................................................ for Public Street and Drainage for Tract No.23773-1 WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the period of ... Qne.......... year(s) after approval of the final estimate on said job, by the owner, against all de- fects in workmanship and materials which may become apparent during said period, and WHEREAS, the said contract has been completed, and was approved on ............... 1.9th............................................. day of.............Ma ..... 1'9..... 99 NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Ob- ligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of ..... Qne......... year(s) from and after ....... May ... 1.q,19g2.................................... then this obligation shall be void, otherwise to remain in full force and effect. ,$.tA 1, g,ht,,,Dunes.,... a. Cal i,forni a..........(L.S.) General Partnership Ay.; ........................................................................ (L.S.) ............................................................................... (L.S.) PRINCIPAL(S) AMERICAN M TO ISTS INSURANCE COMPANY WITNESS: BY ......... ............................................................ W i 11 i u per Attorney-in-Fact. ............................................................................................... 4....... nwINTCO IN U.f.M, � AMERICAN MOTORISTS INSURANCE COMPANY • BOND NO......3SM, 720...428... QQ-A MAINTENANCE 80N0 KNOW ALL MEN BY THESE PRESENTS, Start i ht Dunes That we, ................9...,.................................................................................................................................... of.....................................................................................................(hereinafter called the Principal), as Principal, and AMERI CAN MOTORISTS INSURANCE COMPANY, , a corporation, organized and existing under the laws of the State of Illinois and authorized to become Surety in the State of .... 1.1.J..1aQ.15..................... (hereinafter called the Surety) as Surety, are held and firmly bound unto................................................................ „Ci ty,,,,of„La„Qui ta ...............a.......................................................................................................................................................... (hereinafter called the Obligee) in the penal sum of..................................................................................... 4.6................. Fift Six Thousand Four Hundred Thirt�r Five ------------ (�„ 56 435.00 ............Y...... ............. .................. .......... ........... ............................................................�ollars........�..,...............................) to which payment well and truly to be made we do bind ourselves, out 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 ........ U-tY...Q.f...LA..Qy.i,nta.......................................... ..........................................................................dated........................................................ for Private Streets and Drainage for Tract No. 23773-1 WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the period of .QA£........... year(s) after approval of the final estimate on said job, by the owner, against all de- fects in workmanship and materials which may become apparent during said period, and WHEREAS, the said contract has been completed, and was approved on......nth.............................................Goss...... day of. ............... M 1�...92.. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Ob- ligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of ....... Qn.W....... year(s) from and after ......... May ...19...19.92.................................. then this obligation shall be void, otherwise to remain in full force and effect. 5.0 .l.a.9ht„D,unes,. a. Cali forn,i,a............(L.S.) General Partnership Dy..;........................................................................ (L.S.) ............................................................................... (L.S.) PRINCIPALS) AMERICAN MOTORArs INSURANCE COMPANY WITNESS: BY .......... . .... ..... .................. Attorney-irl Fact......... William .Sh per A ....................................................................................................... MAY-25-1995 09:11 INSCO-DICO 909 9468973 P.01 rnscqBOND NO: 173o83S ico INITIAL PREMIUM: $1 ' 224. 00 SUBJECT' TO RENEWAL. SUBDIVISION IMPROVEMENTS PERFORMANCE BOND KNOW ALL AMEN BY THESE PRESENTS: That we, STARLIGHT ESTATES INC. , as Principal. and DEVEL ERS INSURANCE COMPANY, a corporation orYaniccd and doing business under and by virtue of the laws of the Statc of California and duly licensed to conduct a general surety business in the State of California as Surety. arc held and firmly bound unto as Obliges. to the sum of FIFTY ONE THOUSAND DOLLARS AND NO/100 J. J. � J. (E J. """"J.. "" ) Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jot tly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS. the above named Principal, as a condition of the filing of the final subdivision map of (Tract / Parcel) Map No. 2 3 7 7 3-1 entered into an agrecment or agreements with said Obligcc to complete the improvements specificd in said agreement or agreements. NOW THER FORE, the condition of this obligation is such. that if the above Principal shall well and truly perform said agreement or agreements d ring the original tCTM thereof or of any extension of said term that may be granted by the Obligee with or without notice to the Surety. his obligation shall be void, otherwise it shall remain in full force and effect. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said t Surety is herct D affixed and attested by its duly authorized Attorney -in -Fact at Palm Desert California. this 2 S t h day of May 95 "PRINCIPAL" `SURETY- STARLIGIIT ESTATES, INC. DEVELOPERS INSURANCEk-COMPANY BY: Diane M Nielsen Attorncy-in-Fact (A 17780 Fitch Irvine, California 92714 (714) 263-3300 01113 Rev. 2M1 MHY-25-1995 0'J; 11 1INZA-U—v11-.0 'by r. eat T_--1WE elm, am BOND NO: 173084S INITIAL PREMIUM: $6QO.O0 , SUBJEC-F TO RENEWAL. SUBDIVISION IMPROVEMENTS PERFORMANCE BOND KNOW ALL MIEN BY THESE PRESENTS: That we. STARLIGHT ESTATES INC. , as Principal. and DEVELOPERS INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the laws of the State of California and duly licensed to conduct a general surety business in the State of California as Surety. arc held and firmly bound unto CITY OF LA QUINTA as Obligtc, in the sum of TWENTY FIVE THOUSAND DOLLARS AND NO/100.11111 �- -1 (S 25 000 J0011- 1 Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, j oli itly and severally firmly by these presents. THE CONDI ION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, as a condition of the filing of the final subdivision map of (Tract/Parcel) Map No. 23773-1 , Traffic Signals entered into an agreement or agreements with said Obligee to complete the improvements specified in said agreement or agreements. NOW THER FORE, the condition of this obligation is such. that if the above Principal shall well and truly perform said agreement or agreements d ring the original term thereof or of any extension of said term that may be granted by the Obligee with or without notice to the Surety, his obligation shall be void, otherwise it shall remain in full force and effect. IN WITNESS WHEREOF, the scat and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is herct� affixed and attested by its duly authorized Attorney -in -Fact at Palm Desert California, this 25th day of May , 19 95 i i I a 113 Rar. 2/91 i "PRINCIPAL" `SiiRETY" DEVELOPERS INSURANCE COMPANY BY: Ca/ Diane M Nielsen Attorncy-ir.-Fact 17780 Fitch Irvine, California 92714 (714) 263-33(l0 zxz-lo �n N"WW American Motorists Insurance Company - - - -NINNUM % ------ i FIRST TERM PREMIUM FULLY EARNED Bond Number : 3SM 909 148 00 Premium (Two Years) : $ 223.00 SUBDIVISION BOND DIRECT CORRESPONDENCE TO In LOU JONES & ASSOCIATES, PO BOX 41375, 7470 N. FIGUEROA ST., LOS ANGELES, CA 90041 PHONE (213) 257-8291 . FAX (213) 256-7218 sunaivislon rertormance Bond - U7-31-90.dot