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29052 BLP Desert 99Taf 4 4 aukra, � SA / HA / FA MEETING DATE: November 20, 2012 ITEM TITLE: Adoption of a Resolution to Extend the Time for Completion of the Off -Site and On -Site Improvements for Parcel Map No. 29052, Lundin Development, BILP Desert, LP RECOMMENDED ACTION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: -7 STUDY SESSION: PUBLIC HEARING: Adopt a resolution to extend * the time for completion of the off -site and on -site improvements as specified in the approved Subdivision Improvement Agreement to November 20, 2013 with the exception of the improvements associated with the widening of Avenue 50, and authorize the Public Works Director and/or the City Attorney to take the steps necessary to compel completion of the improvements relating to the widening of Avenue 50. EXECUTIVE SUMMARY: This proposed Subdivision Improvement Agreement (SIA) extension is for the northwest corner of the intersection of Jefferson Street and Avenue 50 as shown in Attachment 1. Currently the road narrows to one westbound lane along the property frontage which backs up traffic during peak hours of operation. The developer has requested a time extension of the SIA to explore other development concepts and has provided staff with no construction schedule thus far. It 0 7 7 FISCAL IMPACT: If the developer were to construct the street improvements, the City would be required ,to augment the lighting and landscape district for any additional median landscape maintenance, as well as for any additional street sweeping and road maintenance that would be required for the additional pavement and curb line. These costs are estimated to be $3,300 per year. Legal costs for pursuing the bonds in order to have the street improvements completed for Avenue 50 could be as much as $20,000. BACKGROUND/ANALYSIS: The City Council has previously granted an SIA extension from September 20, 2011 to September 20, 2012. In a letter dated August 29, 2012 (Attachment 2), the developer requested a time extension. The developer wrote that the original project had been aborted and requested time to explore alternative development concepts and complete the off -site improvements sometime in the future. The required off -site street improvements include the widening of Avenue 50 along the southern boundary of the site, installing a six-foot sidewalk on the north side, installing storm drain, water, sewer, perimeter and median landscaping, undergrounding the power lines and pole relocation, and monumentation improvements. Staff responded with a request for a construction schedule of the Avenue 50 street widening and six-foot sidewalk improvements (Attachment 3). In his letter dated October 24, 2012 (Attachment 4), the developer discussed preliminary development concepts but did not provide a construction schedule of the Avenue 50 street widening and six-foot sidewalk. Due to increased traffic and pedestrian traffic on Avenue 50, the City Traffic Engineer recommends widening Avenue 50 along this development's frontage for the following reasons: 1) The single westbound through lane is nearing capacity at peak hours of operation. 2) The heavy westbound to southbound right turn movement, which occupies the same lane as the westbound through lane, reduces the capacity of the single westbound through lane. This lane could be restriped into two lanes if there were two westbound lanes on the west side of the intersection adjacent to this development. 3) Widening the westbound lanes on Avenue 50 would allow dual left turns from northbound Jefferson Street to match the dual left turns on southbound 1P 0 7 8 Jefferson Street resulting in greater signal efficiency. 4) Widening the street would allow better traffic signal synchronization on Jefferson Street in general and much higher intersection capacity during special events. ALTERNATIVES: Approve the requested SIA time extension to November 20, 2013 for all improvements or provide staff with alternative direction. Respectfully submitted, 4 othyl son �PE J Pub Ic orks 4 rectoriCity Engineer Attachments: 1 . Vicinity Map 2. Letter from Lundin Development dated August 29, 2012 3. Letter from Tim Jonasson dated October 18, 2012 4. Letter from Lundin Development dated October 24, 2012 t�. 079 r COUNCIL/RDA MEETING DATE: September 20, 2011 ITEM TITLE: Adoption of a Resolution to Extend the Time for Completion of the Off -Site and On -Site Improvements for Parcel Map No. 29052, Lundin Development, BLP Desert, LP RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Adopt a resolution to extend the time, for completion of the off -site and on -site improvements as specified in the approved Subdivision Improvement Agreement (SIA) to September 20, 2012 for Parcel Map No. 29052, Lundin Development, BLP Desert, LP. FISCAL IMPLICATIONS: None. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: Parcel Map No. 29052, Lundin Development, is located on the northwest corner of Jefferson Street and Avenue 50 (Attachment 1). On August 24, 1999, the City and BLP Desert, LP entered into an SIA for Parcel Map No. 29052. Section 6 of the SIA requires: "that the subdivision improvements shall be complete within twelve months after the approval of the SIA. Failure by Subdivider to begin or complete construction of the improvements within the specified time periods shall constitute cause for City, in its sole discretion and when it deems necessary, to declare Subdivider in default of this SIA, to revise improvement security requirements as necessary to ensure completion of the improvements, and/or to require ?114 modifications in the standards or sequencing of the improvements in response to changes in standards or conditions affecting or affected by the improvements. " In a letter dated May 12, 2011 (Attachment 2), the developer requested a time extension to complete the off -site and on -site improvements. The developer has previously indicated that it obtained a prior extension of the deadline in exchange for its cooperation with the City regarding the construction of the main line sewer improvements on the property in 2002. The developer has recently provided proof that the bonds for the improvements are in full force and effect and that it has made its premium payments. The outstanding off -site street improvements include the widening of Avenue 50 on the north side. Other required improvements include storm drain, water, sewer, perimeter and median landscaping, undergrounding the power lines and pole relocation, and monumentation improvements. Staff recommends that the off -site and on -site improvements completion date be extended one year to September 20, 2012. Staff has prepared the attached resolution which provides for approval of the time extension of the SIA for the off -site and on - site improvements. FINDINGS AND ALTERNATIVES: The alternatives available to the City Council include: 1. Adopt a Resolution of the City Council to extend the time for completion of the off -site and on -site improvements as specified in the approved SIA to September 20, 2012 for Parcel Map No. 29052, Lundin Development, BLP Desert, LP; or 2. Do not adopt a Resolution of the City Council to extend the time for completion of the off -site and on -site improvements as specified in the approved SIA to September 20, 2012 for Parcel Map No. 29052, Lundin Development, BLP Desert, LP; or 3. Provide staff with alternative direction. 205 Respectfully submitted, 4othytRJoas of�, P.E. Public Wit ' r/City Engineer Approved for submission by: Thomas P. Genovese, City Manager Attachments: 1. Vicinity Map 2. Letter from BLP Desert, LP dated May 12, 2011 206 TW�p 4 4 Q" AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: June 4, 2002 CONSENT CALENDAR: ITEM TITLE: Consideration of a Request to Extend the STUDY SESSION: Time for Completion of Improvements for Parcel Map 29052, Lundin Development PUBLIC HEARING: Deny a request to extend the time for the completion of improvements as specified in the approved Subdivision Improvement Agreement (SIA) for Parcel Map 29052, Lundin Development. None. None. Parcel Map 29052, Lundin Development, is located at the northwest corner of Jefferson Street and Avenue 50 (Attachment 1). Lundin Development is the developer of Parcel Map 29052. On December 7, 1999, the City Council approved the Final Parcel Map and SIA. Subsequent to the recordation of this map, Lundin Development sold Parcel 4 of this map to American Stores (Albertsons). Albertsons is not aggressively moving forward with their commercial development, and as a consequence, Lundin Development is not in a position to move forward with their master improvements for this Parcel Map. Under the terms of the SIA, the subdivider shall begin work within ninety (90) days and complete the work within twelve (12) months from the date the SIA was approved. Failure by the subdivider to begin or complete construction of the improvements within the specified time period shall constitute cause for the City, in its sole discretion and when it deems necessary, to declare the subdivider in default of the agreement. In this case, the failure to complete certain sewer line improvements may impact the orderly development of Tract 29053 (La Quinta Jefferson Fifty) and Rancho La Quinta (immediately north of Parcel Map 29052). The sewer line extension through Parcel Map 29052 is the downstream segment of a master planned sewer line which will ultimately 14.E T:\PWDEPT\COUNCIL\2002\020604b.wpd provide service to a larger master planned area. Both the La Quinta Jefferson Fifty and T.D. Desert -Rancho La Quinta developers have expressed a concern that the failure to complete the downstream sewer line improvements will delay their respective projects. They feel that this sewer line extension is required under the terms of Lundin Development's SIA and conditions of approval. On April 4, 2002 and on May 1, 2002, City staff conducted meetings with the respective developers in an attempt to resolve the issues in a mutually agreeable manner. At the May 1, 2002 meeting, staff indicated that if an agreement was not reached in a timely manner, it would be the City's responsibility to consider other actions to facilitate the construction of the sewer line. To date, a formal agreement between the parties has not been reached. On May 8, 2002, in accordance with Section 14 of the SIA, City Staff issued a sixty (60) day notice of default to Lundin Development (Attachment 2). Under the provisions of Section 14, if the Subdivider fails to perform any obligation under the SIA and such obligation has not been performed within sixty (60) days after the written notice of default, the City may perform the obligation and the subdivider shall pay the entire cost of such performance by the City, including costs of suit and reasonable attorney's fees incurred by the City in enforcing such obligation. If the terms of the SIA and Conditions of Approval are not fulfilled within the 60 days, the City could find Lundin Development in default and proceed with the necessary steps to complete the obligation to construct the improvements. On May 15, 2002, the City received a letter from the applicant requesting that the period for the completion of the improvements be extended for an unspecified period of time (Attachment 3). Under the terms of the SIA, the City, in its sole discretion, may approve or deny the request, or conditionally approve the extension with additions or revisions to the terms and conditions of this Agreement. Should the time period for the completion of the sewer line be extended, the La Quinta Jefferson Fifty and Rancho La Quinta projects could be adversely impacted and delayed. Accordingly, staff does not support the time extension request. The alternatives available to the City Council include: 1 . Deny the request to extend the time for the completion of improvements as specified in the approved Subdivision Improvement Agreement for Parcel Map 29052, Lundin Development, or; 145 002 T:\PWDEPT\COUNCIL\2002\020604b.wpd 2. Approve the applicant's request to extend the time for the completion of improvements as specified in the approved Subdivision Improvement Agreement and define a specified extension time for Parcel Map 29052, Lundin Development, or; 3. Provide staff with alternative direction. Respectfu bmitted, oy teph nson, P.E. Interim Public Works Director/City Engineer Approved for submission by: Thomas P. Genovese, City Manager Attachments: 1. Parcel Map 29052 2. Staff Letter dated May 8, 2002 3. Letter from the Applicant dated May 15, 2002 148 003 1 .M)NMG NUM6EH ww.wxxnaumm� ..vx. rxro—a.�. ATr CHMENT 1 L�,i 2loS_Z ..,.wncaon,..m. . tiwon b \gtil s in WYOhi so Will 7 9b e W 6. n� � �I ^�' N W a s (n Fb i o -ii F O ' 1 t0 � W - v � � W � b01 Ill JN y gg ► $ $ P (/) �� s s o Q n W C R a $gag ow8 E�b S J �� w b LLJ pi oR tl oar me Of Q bye b a 4112, b t3 Z a R i 3 Z a 12 bf i b Ob 5 ill ;< w , 0 a �R1 � �R � � b < a� •� a ^ h N $ � �� Q �+ •� U � � � 39 111, • m 3 8ti 147 005 IN THE CRY OF LA OUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA PARCEL MAP NO. 2905E THE EAST HALF OF THE SOUTH FIVE -EIGHTHS OF THE SOUTHEAST QUARTER OF SECTION 32, TOWNSHIP 5 SOUTH, RANGE 7 EAST, SAN BERNARDINO MERIDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF. blamer PALM DESERT, CALIFORNIA GRAPHIC SCALE engineennQ MAY 1999 tool 0 100 200' 300' i BAFO SIS R BEARINGS NO L111ENERED WfS.► LS THE MASS Mae SEARW6S �SHORN ON TNI : 1 inch 100 feetMw all tv OR063 AREA 1427 ACRES NDa02 NET AREA 12M ACRES ro. tL►. w/fAO lS star INS MAP a DEMPT FROM 71E FINAL MAP (FIUSHHPE1) CR 94-133 I I NKOLWSAENTS OF THE SUWh1lION MAP ACT AV'CcrtEp As HE COR. 1`--'rrpp 1 SEC. 32 (DAL I.P.)W/TAO NICE 23296 IN MME SHE AREA NAPPED a 20REO MCIAI_ PER PIS 73E� CR -1133 jr �X s s/s sE�t/4D Von PER CR 54-133 N09'25'01-N 1322.95' Na9'24'271Y 1322.91' 1262.95' I I SIGNATURE OMISSIONS LEGEND 1 m A %AMKET EASEMENT IN FAVOR OF THE PIMUC. REtD r M + INDICATES MONUMENT FOUND AS NOTED I 1 1 I I COACHEL A Way WATER DISTRICT FOR PUNK ROADS, m"w EASEMENTS AM MKIIAS-OF-wAr MR RINDS. PIPELINES. DITCHES + RIOIC m IV 11 " PINE, III* LIM MID CONDIRI6 EOSTNO FOR 711E PUMP= OF INOIIESS AND EGRESS TAPPED R.C.E. 23256. FLUSH FROM OTHER LANDS N MEANS OF IIICH ROADS AND FOR THE 1 PURPOSE OF OOW4YNO IRRIGATING AND DOMESTIC WATER TO SUCH (-) INDICATES RECORD DATA PER R.I. 73/ I I OTHER LANDS MT MEANS OF SUCH PIPELINES. DITCHES. AND CONDUITS. = I ® INDICATES EASEMENT REFEPEIICE I 1 m 30-POOP WOE ►C W EASEMENTS ALONG 111E EAST AID SOUTH CO 1 ONES FOR PRISED AIW/MK PER NOFFICIAL M0. 32Y2 KC011OD A►Rl 17, tISI. RIVOtSroE COUNTY OFFICIAL RECORDS. ` ® CEIREIEIIE A 10WOE EASEMENT IN FNHEIOF GENERAL fELEMRONE COMPANY Of CALIFORNIA FOR P16LHc UTILITIES AND INCIDWAL PURPOSES PER INSTRUMENT 40. 72DU RECORDED .ME ,I. 1I75. RMRSIDE COUNTY OFFICIAL RECORDS. I 1 CENTERUNE OF AN f/AWNT NOT TO CNCEED 64117 NEITHER OMECIION FROM SHE CEMERLI E N FAVOR OF IMPERIAL MIGAW AND 06COWA. W EOE PETRO FOR PA\\\\v(J�I PUBLIC UTILMM II101E3I AND ESS. P I I 1RIYOEOE COUNTY OFFICIALPURPOSES MR 06TRUMENT . RECOOS.D NMM[R 12, 0 S` r n EASEMENT FOR PITCHES OR CANALS INFAVOR OF LISTED STASES POU OooN 7. PAGE :10 of PATENTS. (NOT ►IpRASLn 1 1 I I 51.2p-A' 276.31V Z 275. .00 c( tL ^I S O O gg 1 236.,E J is 9 NI I IT bQi V 153.7V � v J i � I R1 He6'!1 1Y EWElt r' M304.00' 1 I}uy L 42.95'Ht i x1r R-W t' PARCEL_3 0-OSS7'4W'4 3' D1L 1 . {M7220' SLID 72.00' 1 iI HNerst 26W 2tRJ0' 'ii f,8�` I N6p51.26w a R 8 NNu'21 354.11Y17 x.7T A-t.63 AC. it 51 25 1322.71 (WW51'24'W 1322.72') - - - FA i' L►. W/rAo RCE 23290 (FIUWT Pp - - - - - - - - - - - - - - - - - - - PD. I' u. w/TAP LS 336I-� R CR 04-137, ACC[►lED AS SR DOR 6` S/4 (ON. 0.2� NO REF. FOR TAG I WE 1/4. I=. 32 PEA AS'73/6! pU M-133 /CCEPTFD AS i CDR. SEC. >2 I 0.2 E4'�. (OIL 0.7) PER RS 73/63. OR 64-133 IRO ION] 14 R zso�N' A`N Z 006 L � � t�lVa(YV�raIAnFL1O ti•7I3Wf1N.xwvn�VdO PAGE 01 05/15/20e2 09:31 5625926050 LUKO ATTACHMENT 2 Lundin Development Co. May 15, 2002 Mr. Roy Stephenson public Works Director City of La Quinta 78-495 CAe Tampico La Qui ta, CA 92253-1504 Subject: Parcel Map 29052 Dear Mr. Stephenson: in for out This letter is our Inquest to extend the tirrle-frameendar U5 fore next Improvementvision C Ccil meeting to (SI,A) for the referenced Parcel Map. Please cal consider our request. Thank you for your assistance - Yours very truly, �� geo� Greg Bever 4erb Lundin cc: Mayor Jolm Pena -- City of La Quints Mike Smith -Warner Engineering 149 16400 Paoifi0 Coast Highway, Suite 207 • Huntington Beach, California 92649 • (562) 592-6020 • FAX (562) 592-6050 007 rr ran. ,n Tci �cra_���_71�4 KIOMG-1 0 niITNTA PIIPI TC lJml -.., P. 1 ATTACHMENT 3 Sh\ni�g Brighter Than P.O. Box 1504 78-495 CALLE TAMPICO LA QUINTA, CALIFORNIA 92253 BLP Desert Mr. Leorard H. Lundin Pacific Coast Highway, Suite 207 Huntington Beach, CA 92649 RE: Parcel Map 29052 - 60 Day Notice of Default Dear Mr. Lundin: May 8, 2002 (760) 777-7000 FAX (760) 777-7101 Please be advised that this letter serves as your notice of default for failure to begin or complete construction of the required improvements in accordance.with the approved Subdivision Improvement Agreement (SIA). The SIA was approved by the City Council on December 7, 1999. Section 6., Completion of Improvements, of the approved SU requires that the subdivider begin construction of the improvements within ninety (90) days and complete the improvements within twelve (12) months after the approval of the agreement. Failure by the Subdivider to begin or complete construction of the improvements within the specified time periods shall constitute cause for the City, in its sole discretion and when it deems necessary, to declare the Subdivider in default of the agreement. In accordance with Section 14., City Right to Cure, of the SIA, if the Subdivider fails to perform any obligation under the SIA and such obligation has not been performed within sixty (60) days after this written notice of default, the City may perform the obligation and the subdivider shall pay the entire cost of such performance by the City, including costs of suit and reasonable attorney's fees incurred by the City in enforcing such obligation. If the terms of the SIA and Conditions of Approval are not fulfilled within the 60 days, the City may find you in default and proceed with the necessary steps to complete your obligation to construct the improvements. Please call me at 760-777-7042 should you have any questions regarding this notice. Sincerely, oy F: Stephenson, P.E. Interim City Engineer/Public Works Director C.C. Tom Genovese, City Manger Katherine Jenson, City Attorney Lou Jones and Associates (American Motorists Insurance Company) T:\PWDEMSTAFF\Schulze\Special Projects\PM29052\02-05-08 Notice of Default.wpd 8 ' nm« •w _ -C1TY of LA QUINPA SUBDIVISION IMPROVEMENT AGREEMENT pARcEL MAP 29052 IS SUBDIVISION IMPR VEMENT AGREEMENT (the "Agreement'] is made and entered into this THIS a ¢ � day of � 9 b and between BLP Desert, a California Limited Partnership reinafter referred to o " ubdivider, " and the City Y of La Quinta, a municipal corporation of the State of California, hereinafter referred RECITALS: " of a unit of land in the City of La A. Subdivider has prepared and filed a final map or na as Imap t ParcelNo. 29052 (the "Parcel") pursuant to the Quinta, County of Riverside, which unit of land is known provisions of Section 66410, et sec. of the California Government Code (the "Subdivision Map Act"). S. Prior to approval of the Map, Subdivider is required to install or agree to install certain public and private improvements (the "Improvements"). C. The Improvements have not been installed and accepted at this time. D. It is therefore necessary that Subdivider and City enter into an agreement for the installation of the Improvements as provided in Section 66462 of the Subdivision Map Act. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: 1. Improvement Plans. Prior to issuance of a construction permit, Subdivider shall furnish original improvement plans meeting the requirements of the City Engineer. a utility, landscaping, and 2. improvements. Subdivider shall construct the public and private street, drainage, ments re uired to be constructed or agreed to be constructed under this Ag rice and scheduli eement as listein other improve qng Exhibit "A", and shall bear the full cost thereof. The methods, standards, specifications, seque , of construction shall be as approved by the City Engineer. 3. Improvement Security. ferred to as ,performance security," A. One Bass of security to be provided by Subdivider, hereinafter on of the improvements, payment of shall assure the faithful performance of this Agreement including construct others ("Participatory Subdivider's fair share of Improvements which have been or will bonC°nstructed by class of security to be provided by Improvements"), and payment of plan c�ieck a�Pe shad assure the payment of the cost o1 labor, equipment Subdivider, hereinafter referred to as payments security," and materials supplied to construct the Improvements. A third class of security to be provimedoe ements for hereinafter referred to as "Warranty security," shall serve as a guarantee and improvewarranty ments. Subdivider shall furnish period of one year following the completion and acceptance of City the i p approval .the Map. Subdivider shall performance and payment security prior to and as a co �Y after Improvements are complete and accepted by the City Council rlbe required for provide warranty security Warranty security shall concurrently with the final release of performance security.. However the City may utilize Monumentation Security for Monumen#ation or Participatoryoe work n aeccordance with the Subdivision Map Act. performance of or payment f . As part of the obligation secured by each of the performance security, payment security and warranty uch security all include and assure the security,and in addition to the face amount of each such security, each noble attorneys fees, incurred by City inpayment of costs and reasonable expenses and fees: including reaso successfully enforcing the obligations thereby secured. shall conform with Section 66499 of the California Government Code and one B. improvement security or more of the following: 1 A cash deposit with City or a responsible escrow agent or trust company, at City's option. Page 1 of 6 T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEME,,: S\29052.wpd 2) Surety bonds, of the form specified in subsection 66499.2 of the California Government Code, issued by a surety or sureties listed in the U.S. Department of Treasury Circular 570 (latest version). - 3) Certificates of deposit, in City's name, from one or more financial institutions subject to regulation by the state or federal government and having a financial quality rating of "A" or better and a commitment reliability rating of "R-2" or better on the Investment Data Exchange (of the Los Angeles County Treasurers office). 4) Irrevocable letters of credit, issued by one or more financial institutions meeting the requirements of Paragraph (3), pledging that the funds necessary to carry out the completion of the Improvements are on deposit, guaranteed for payment, and constitute a trust fund which is not subject to levy or attachment by any creditor of the depositor until released by City. Letters of credit shall guarantee that all or any portion of the funds available pursuant to the letters of credit will be paid upon the written demand of City and that such written demand need not present documentation of any type as a condition of payment, including proof of loss. The duration of any such letter of credit shall be for a period of not less than one year from the execution of the agreement with which it is provided and shall state, on its face, that the letter of credit will be automatically renewed until such time that City authorizes its expiration or until sixty (60) days after City receives notice from the financial institution of intent to allow expiration of the letter of credit. 5) A lien upon the subdivided property, if City finds that it would not be in the public interest to require the installation of the Improvements sooner than two (2) years after recordation of the final map or parcel map for which the Improvements are required. The lien shall provide a collateral value of three (3) times the estimated cost of the Improvements and shall include the power of sale of the real property, all buildings and improvements thereon, or that may be erected upon or made thereto, together with all hereditaments and appurtenances thereunto belonging, or in any wise appertaining, and the reservations, remainders, rents, issues, and profits thereof. The collateral value of the property shall be established at Subdivider's expense through an appraisal approved by City. 6) An instrument of credit from an agency of the state, federal or local government, when any agency of the state, federal, or local government provides at least Twenty Percent (20%) of the financing for the Improvements. 7) When Subdivider is a non-profit organization, security may be negotiable bonds, of the kind approved for securing deposits of public moneys with City or in favor of City, as specified in Section 16430 of the California Government Code, deposited, at City's option, with City or a responsible escrow agent or trust company. _ C. All securities shall be furnished in accordance with the provisions of Exhibit A. The amount of the performance security shall equal One Hundred Percent (100%)'�of the estimated cost of constructing the Improvements, including payment of plan check and permit fees, as estimated by the City Engineer or a duly authorized representative of the City Engineer. The amount of Payment security shall equal the amount of the amount of performance security, except as otherwise Set forth in Exhibit A, and shall be furnished as a separate security. Warranty security shall equal Ten Percent (10%) of the amount of performance security except as otherMse set forth in Exhibit A. D. At the time of submittal of security, Subdivider shall pay to City administrative fees applicable to the form of security provided. Administrative fees shall apply to the subdivision (final map, parcel map or waiver of parcel map) rather than to individual security instruments. The fees shall be paid separately for each different form - and/or source (surety or financial institution) of security initially submitted and for substitution of securities but shall not be required for submittal of warranty security if the warranty security is of the same form and from the same source as the performance security it replaces. Administrative fees for security shall be as follows: 1) For certificates of deposit, bonds and letters of credit as described in Paragraphs 2), 3) and 4) of SECTION 3.B., which require the establishment of evidence of the reliability of the surety or financial institution, the administrative fee shall be One Hundred Fifty Dollars ($150.00). 2) For liens on real property as described in Paragraph 5) of SECTION 3.B., for which City will prepare lien agreements and subordination agreements, administer valuation of the real. property and administer the agreements over the life of the lien, all of which require legal assistance and financial advice, Subdivider shall pay to City an administration fee of One Half of One Percent (0.50)o) of the estimated cost of thC!w4xoveTrents secured but not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Doll4frs ($5,000-.M. T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29052.wpd Page 2 of 6 • ?'::,,• Tom.. - ;ft ,. 3) For other forms of security listed in Section 3 B, above, there will be no administrative fee. E. Participatory Improvements, if any, are identified in Exhibit A. Security for Participatory Improvements shall remain in place until the Participatory Improvements are constructed and actual costs are known and paid by Subdivider, or until Subdivider pays to City the estimated cost of the Participatory Improvements, and shall guarantee the reimbursement by Subdivider of Subdivider's share of the cost of the Participatory Improvements. Payment security and warranty security shall not be required for Participatory Improvements. Upon written demand from City, Subdivider shall deposit cash with City in lieu of or in replacement of security guaranteeing Participatory Improvements. If Subdivider fails to deposit said cash within 30 days of the date of the written demand from City, City may present a written demand to Subdividers Surety for payment of said cash and Subdividers Surety shall pay to City the lesser of: 1) the amount demanded, or 2) the amount of the security. F. Security shall not expire, be reduced or become wholly or partially invalid for any reason, including non-payment of premiums, modifications of this Agreement and/or expiration of the time for performance stated in this Agreement, without express authorization from City unless the surety provides City with sixty (60) days written notice by registered or certified mail, return receipt requested, G. Security shall be released in the following manner: 1) Performance security shall be released upon the final completion and acceptance or approval, by the City Council of the Improvements subject to the provisions of paragraph B. 2) The City Engineer may authorize partial reduction of performance security as work progresses, upon application by Subdivider. However, no such reduction shall be for an amount less than Ten Percent (10%) of the total performance security provided for the faithful performance of the act or work. In no event shall security be reduced below that required to guarantee the completion of the act or work or obligation secured, plus Ten Percent (10%). The City Engineer shall not allow more than two partial reductions of security fumished for any improvement agreement. 3) Participatory Improvement security shall be released upon payment by Subdivider of Subdividers share of the cost or estimated cost of the Participatory Improvements. 4) If City receives no notice of recorded claims of lien, labor and materials security shall be released in full 90 days after final acceptance and/or approval by the City Council, of the Improvements. If City receives notice of any recorded lien, the provisions of the Subdivision Map Act shall apply. 5) Warranty security not utilized during the warranty period shall be released one year after final acceptance or approval by the City Council of all Tract Improvements. However, if at the end of the one-year warranty period, there are one or=more outstanding requests by City for performance of work or provision of materials under the terms of the warranty, warranty security shall be retained until the outstanding requests are satisfied or until Subdivider has made other arrangements satisfactory to the City Engineer. 4. Permits Rgguired. Prior to commencing any phase of work, Subdivider shall obtain all permits required for that phase of work and pay all required fees. Work performed under a permit or permits shall comply with all provisions of the required permits. 5. Off -site Improvements. When the construction of one or more of the Improvements requires or necessitates the acquisition of real property not owned by Subdivider or City, Subdivider shall use its best efforts purchase such real property at a reasonable price. In the event that Subdivider is unsuccessful, despite its best efforts, to acquire such real property at a reasonable price, Subdivider may request in writing that City attempt to acquire such real property. City may, but is not required to, agree to attempt to acquire such real property on behalf of Subdivider. If City so agrees, City and Subdivider shall enter a separate written agreement in a form acceptable to the City Attorney. Said separate agreement shall provide that Subdivider advance to City One Hundred Fifty Percent (150%J of the appraised fair market value of the real property. Any unexpended portion of said advance shall be refunded to Subdivider. Any additional funds required for acquisition of the real property shall be paid by Subdivider to City upon the conveyance of said real property to Subdivider. In no event shall the failure of Subdivider or City to acquire such real property excuse, waive, or otherwise terminate Subdividees obligation to construct the applicable improvement pursuant to this Agreement or the Conditions of Approval. T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN. .9052.wpd , Page 3 of 6 6. omaletion of Im.�grovements. Subdivider shall begin construction of the Improvements within ninety (90) days and shall complete construction within twelve (12) months after the approval of this Agreement. Portions of the Improvements may be completed at a later date, as determined by the City Engineer or as set forth in Exhibit A. Failure by Subdivider to begin or complete construction of the Improvements within the specified time periods shall constitute cause for City, in its sole discretion and when it deems necessary, to declare Subdivider in default of this agreement, to revise improvement security requirements as necessary to ensure completion of the improvements, and/or to require modifications in the standards or sequencing of the Improvements in response to changes in standards or conditions affecting or affected by the Improvements. Said failure shall not otherwise affect the validity of this agreement or Subdivider's obligations hereunder. 7. Force Majeure. In the event that Subdivider is unable to perform within the time limits herein due to strikes, act of God, or other events beyond Subdivider's control, the time limits for obligations affected by such events will be extended by the period of such events. 8. Time Extension. Subdivider may make application in writing to the City Council for an extension of time for completion of the Improvements. The City Council, in its sole and absolute discretion, may approve or deny the request or conditionally approve the extension with additions or revisions to the terms and conditions of this Agreement. As a condition of the time extension, Subdivider shall furnish securities, similar in form and substance to those required in SECTION 3 hereinabove, to cover the period of extension. The value of the securities shall be sufficient to ensure the performance of and payment for Improvements that remain incomplete at the time of the extension, and to provide warranty security on completed Improvements. 9. Survey Monuments. Before final approval of, street improvements, Subdivider shall place survey monuments in accordance with the provisions of Sections 66495, et sec. of the Subdivision Map Act and of the La Quinta Municipal Code. Subdivider shall provide the City Engineer written proof that the monuments have been set, evidence of payment and receipt thereof by the engineer or surveyor setting the monuments, and intersection monument tie -outs for monuments set in public streets. 10. Final Acceptance of Improvements. At the completion of construction and prior to acceptance of the Improvements by City, Subdivider shall submit a request for final approval by City. The request shall be accompanied by any required certifications from Subdivider's engineers or surveyors, approval letters from other agencies having jurisdiction over and approval authority for improvements required by this Agreement or the Conditions of Approval, and any required construction quality documentation not previously submitted. Upon receipt of said request, the City Engineer or a duly -authorized representative will review the required documentation and will inspect the Improvements. If the Improvements are determined to be in accordance with applicable City standards and specifications, and as provided herein, obligations required by the Conditions of Approval and this Agreement have been satisfied, and Subdivider has provided revised plans as required in Paragraph 11, hereinafter, the City Engineer shall recommend acceptance of the Improvements by the City Council. 11. Revisions Plans. When the Improvements have been inspected and approved by the City Engineer, Subdivider shall make any necessary revisions to the original plans held by City, so the plans depict the actual Improvements constructed. When necessary revisions have been made, each separate sheet of the plans shall be dearly marked with the words "As -Built," As -Constructed, or Record Drawing, the marking shall be stamped by an engineer or surveyor, as appropriate for the improvements thereon, who is licensed to practice in California, and the plan s shall be resubmitted to the City Engineer. v W n . Subdivider he eby guarantees the Improvements to City for a period of one (1) 12. jmorment arra �o e_tv year, beginning on the date of final acceptance of the Improvements by the City Council, against any defective work or labor done, or defective materials fumished, .and shall repair or replace such defective work or materials. _ 13. Release of Security. City shall retain and release securities in accordance with the Provisions of Section 3 of this agreement. Prior to the release of payment security, the City Engineer may require Subdivider to provide a title report or other evidence sufficient to show claims of lien, if any, that may affect the amount of payment security released. 14. City Right to Cure. If Subdivider fails'to perform any obligation hereunder and such obligation has not been performed within sixty (60) days after written notice of default from City, then City may perform the obligation, Page 4 of 6 T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGRESMEN.TS\29052.wpd .and Subdivider shall pay the entire cost of such performance by City including costs of suit and reasonable attomey's fees incurred by City in enforcing such obligation. In cases of emergency or compelling public interest, as determined by the City Engineer, the requirement for written notice of default and/or the passage of sixty (60) days shall be deemed waived and all other provisions of this Article shall remain in effect. 15. Indemnification. Subdivider hereby binds itself, its officers, employees, agents, representatives, executors, administrators, guarantors, heirs, and assigns, and agrees to indemnify, defend and hold City and its officers, employees, agents, representatives, and assigns harmless from and against any losses, claims, demands, actions, or causes of action of any nature whatsoever, aris ng out of or in any way connected with Subdivider's performance herein under, including cos ts of suit and reasonable attorneys' fees. 16. No Modification of Conditions. This Agreement shall in no respect act to modify or amend any provision of the Conditions of Approval. In the event that any requirement or condition of this Agreement is inconsistent with or fails to include one or more provisions of the Conditions of Approval, which document(s) is (are) incorporated herein by reference, the provisions in the Conditions of Approval shall remain in effect and shall control. 17. Severability. In the event that any provision or provisions of this Agreement are held unenforceable, all provisions not so held shall remain in full force and effect. 18. General Provisions A. All notices pursuant to this Agreeifnent shall be in writing and shall be personally delivered or sent by registered or certified mail, return receipt requested, to the parties at their respective addresses indicate hereon. Notices personally delivered shall be effective upon delivery' . Notices mailed as provided herein and sent postage prepaid shall be effective upon the date bf delivery or refusal indicated on the return receipt. Either party may change its address for notices hereunder by notice to the other given in the manner provided in this subparagraph. B. The terms, conditions, covenants, land agreements set forth herein shall apply to and bind the heirs, executors, administrators, assigns, and successors of the parties hereto. C. Neither party to this Agreement relies upon any warranty or representation not contained in this Agreement. D. This Agreement shall be governed by and interpreted with respect to the laws of the State of California. E. In the event of any dispute between the parties with respect to this Agreement, the prevailing party shall be entitled to prompt payment of its reasonable attorneys' fees from t1he non -prevailing party. F. Any failure or delay by either party in asserting any of its rights and remedies astoany default shall not operate as a waiver of any default or of any such rights or remedies provided for hereunder. Page 5 of 6 MEN.TS\29052.wpd T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREE N WITNESS WHEREOF, the parties hereto havo executed this Agreement as of the day and year first written above. CITY: City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 760/777-7075 Thomas P. Genovese, City Manager Date ATTEST: SUBDIVIDER: BLP Desert 16400 Pacific Coast Hwy, STE 207 Huntington Beach, CA 92649 (562) 592-6020 By: Date �'v-e or -P ,ems i+v��a k Title: (`(�/�'/�)/� w By // /A�e Date Title: 00 /' a�.�� 7- Reviewed and Approved: Date City Engineer Approved as to Form:4 0pp City Attorney P9 DatAee Z TAPW DEPT\STAFF\GUZMAN\TRACTS\AGRE=MEN.TS\29052.wpd Page 6 of 6 08/23/1999 13:32 7607777155 CITY OF LA QUIyTA PAGE 02 Exhibit A SECURITY • PARCEL MAP 29052 EX ae Gjh!lfM39 provided herein, Subdivider shall furnish perforrnarnce security and'labor & materials security b City prior to Mgendlzation of the Map for approval Y tha Council. Mormint*Jon security shad guarantee peftrrnance of or payment for the work and shall be utilized or released u as specl!W in Chapter 4, Article 9 of the Subdivision Map Act. As elements of the worts are completed, Subdivides may request a maximum Of two partial releases Cf A erfor' oMe security. Partial releases shall be for not less than; ten percent (10%) of the total performance security forthi trAGt and shall not reduce total pe;-forrnance security below the amount necessary to complete the Me improvsments plus ten percent (10%) of the original amount. Partial releases p r b• • the C:ty Engineer. Requests for partial releases, setting evaluated and may be granted, inwhole or in �s��, 9 forth in detail th• amount of work completed and the value thereof, shall be made ir, writing to the City Engineer, Labor & rn eis sett shag ; ernain in place until 90 days alter all required tract improvements are complete "accvpWd'by the City Council. t Dar�ti4t1 Pertormance L r Q--- ryted 20H,952 strse* & Storm Drainage 206,952 water 306,020 306,020 Sewer i10,000 ��a:oa� peer and Median Landscape 385,000 38�;000 UndeMmund Electric and Pole Relocation 1E0,000 � 18DC0 , Tr*ffh Signal 32,500 pion DesigiNContingency 593,988 MOnlln'tet:?atlOt', 6.t�4 �' Total$. $1,820,458 g1,487.972 ALL-PURPOSE ACKNOWLEDGEMUN1' State of California CAPACITY CLAIMED BY SIGNER: County of Orange Individual(s) On September 14, 1999, before me, Flavia L. Prattali, personally appeared Corporate Officer Notary Public Leonard H. Lundin and Gregory W. Bever, Title(s) Name(s) of Sigaer(s) X personally known to me to be the person(s)I whose name(s) are subscribed to the Partner(s) within instrument and acknowledged to me that they executed the same in their ct authorized capacity(ies), and that by their signaWre(s) on the instrument the TrustAttnye(s) GuardTrustee(s) an/Conservator person(s), or the entity upon behalf of which the Iperson(s) acted, executed the Other Other instrument. Witness my hand and official seal. r� SIGNER IS J REPRESENTING: FLAVIA �4iTTALI signature o�Notwy •�+ Comm. # 142 Names of Person(s) or N NOTARY PUBLIC • CALIFORNtA ,. Entity(ies) .� Orange County My Comm. Expires Oct. 20, 2000 BLP Desert Title or Type of Document Subdivision Improvement Agreement — La Quinita. Number of Pages Date of Document other A4tierican Motorists Insurance Company nMPeR. FIRST TERM PREMIUM FULLY EARNED Bond Number : 3SM 958 753 00 Premium (Two Years) : $27,307.00 SUBDIVISION BOND FAITHFUL PERFORMANCE -PUBLIC WORK KNOW ALL MEN BY THESE PRESENTS: That, BLP Desert, a Calif. Limited Partnership, as Principal, and the AMERICAN MOTORISTS INSURANCE COMPANY, a corporation organized and existing under the laws of the State of Illinois and authorized to, transact surety business in the State of California as Surety, are held and firmly bound unto City of La Quinta, as Obligee, in the sum of One Million Eight 'Hundred Twenty Thousand Four Hundred Fifty -Eight & NO/100thsDOLLARS' ($1,820458.00), for which the payment whereof, well and truly to be made, said 'Principal and Surety bind themselves, their heirs, administrators, successors, and assigns, jointly and severally, firmly by these presents. THE Condition of the foregoing obligation is such that, whereas the 'above bounden Principal has entered into a contract/agreement, dated August 1999, with the Obligee to do and perform the following work; to wit: SUBDIVISOIN IMPROVEMENTS: STREETS & STORM DRAINAGE, WATER, SEWER, PERIMETER & MEDIAN LANDSCAPE, UNDERGROUND ELECTRIC & POLE RELOCATION, TRAFFIC SIGNAL, PLAN DESIGN/CONTINGENCY & MONUMENTATION FOR PARCEL MAP #29052 NOW, THEREFORE, if the above bounden Principal shall well and truly perform the work contracted to be performed under said contract, then this obligation shall be void; otherwise to remain in full force and effect. SIGNED, SEALED, DATED: August 25, 1999 BLP Desert, a Calif. Limited Partnership (Principal) By: By: Motorists Insurance Company (Surety) illiam J. Shupper, Attorney In Fact DIRECT CORRESPONDENCE TO: 0 LOU JONES & ASSOCIATES, PO BOX 41375, 7470 N. FIGUEROA ST., LOS ANGELES, CA 90041 PHONE (323) 257-8291 • FAX (323) 256-7218 Subdivision Performance Bond - 11-02-98.dot can Motorists Insurance Company nmrew Bond Number : 3SM 958 753 00 SUBDIVISION BOND LABOR & MATERIALTAYMENT KNOW ALL MEN BY THESE PRESENTS: That we, BLP Desert, a Calif. Limited Partnership as Principal, and AMERICAN MOTORISTS INSURANCE COMPANY, as Surety, are held and firmly bound unto City of La Ouinta as Obligee, in the sum of One Million One Hundred Eighty -Seven Thousand Nine Hundred Seventy -Two & NO/100ths DOLLARS ($1,187,972.00) lawful money of the United States of America, for the payment of which sum well and truly to be made, We bind ourselves jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, That, Whereas, said Principal has entered into a Subdivision Agreement with the Obligee, dated August 1999 , in which said Principal agrees to construct designated public improvements, as follows: SUBDIVISION IMPROVEMENTS: STREETS & STORM DRAINAGE, WATER, SEWER, PERIMETER & MEDIAN LANDSCAPE, UNDERGROUND ELECTRIC & POLE RELOCATION FOR PARCEL MAP #29052 and, as a condition of approving said Subdivision, the Principal is required to give Labor and Material Payment Bond as herein provided. NOW, THEREFORE, if said Principal and/or contractor or subcontractor fails to pay for any materials, provisions, or rented equipment used in, upon, or for or about the construction of the public improvements for performance of the work to be done, or 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 sum set forth above. This bond shall insure to the benefit of the contractor, his subcontractors, and to persons renting equipment or furnishing labor and materials to them for the improvements. SIGNED, SEALED, DATED: August 25, 1999 BLP Desert, a Calif. Limited Partnership (Principal) By: American Motorists Insurance Company (Surety) By: _ HA/ Jkjliam J. Shupper, Attorney In Fact DIRECT CORRESPONDENCE TO: In LOU JONES & ASSOCIATES, PO BOX 41375, 7470 N. FIGUEROA ST., LOS ANGELES, CA 90041 PHONE (323) 257-8291 • FAX (323) 256-7218 Subdivision Payment Bond - 11-02-98.dot OUTSTANDING BOND REPORT Name: BLP Desert Parcel Map No. 29052 Date of Contract: August 24, 1999 Required Bond Amounts: Streets/Drainage $ 206,952 Water $ 306,020 Sewer $110,000 Perimeter/Median landscape $385,000 Underground Electric/Poles $180,000 Traffic Signal $ 32,500 Plan Design/Contingency $ 593,986 Monumentation $ 6,000 Dates of Bond Reductions: Outstanding Bonds: Amount: $1,820,458 $1,187,972 3SM95875300 same performance/labor materials same same same same performance only performance only performance only Date Cancelled/Released: