The URL can be used to link to this page

29563 AlisoCITY OF LA QUINTA SUBDIVISION IMPROVEMENT AGREEMENT Tract 29563 THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this day of :11L , 20 O© , by and between Aliso Il, LLC, a California Limited Liability Conipany hereinafter referred to as "Subdivider," and the City of La Quinta, a municipal corporation of the State of California, hereinafter referred to as "City." RECITALS: A. Subdivider has prepared and filed a final map or parcel map (the. "Map of a unit of land in the City of La Quinta, County of Riverside, which unit of land is known as Tract No. 29563 (the "Tract") pursuant to the provisions of Section 66410, et sec. of the California Government Code (the "Subdivision Map Act"). B. 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 submittal of the Map for approval by the City Council, Subdivider shall furnish original improvement plans meeting the requirements of the City Engineer. 2. Improvements. Subdivider shall construct the public and private street, drainage, utility, landscaping, and other improvements required to be constructed or agreed to be constructed under this Agreement as listed in Exhibit "A", and shall bear the full cost thereof. The methods, standards, specifications, sequence, and scheduling of construction shall be as approved by the City Engineer. 3. Improvement Security. A. One class of security to be provided by Subdivider, hereinafter referred to as "performance security," shall assure the faithful performance of this Agreement including construction of the Improvements, payment of Subdivider's fair share of Improvements which have been or will be constructed by others ("Participatory Improvements"), and payment of plan check and permit fees. A second class of security to be provided by Subdivider, hereinafter referred to as "payment security," shall assure the payment of the cost of labor, equipment and materials supplied to construct the Improvements. A third class of security to be provided by Subdivider, hereinafter referred to as "warranty security," shall serve as a guarantee and warranty of the Improvements for a period of one year following the completion and acceptance of the Improvements. Subdivider shall furnish performance and payment security prior to and as a condition of City Council .approval of the Map. Subdivider shall provide warranty security after Improvements are complete and accepted by the City Council and prior to or concurrently with the final release of performance security. Warranty security shall not be required for Monumentation or Participatory Improvements. However, the City may utilize Monumentation Security for performance of or payment for the work in accordance with the Subdivision Map Act. As part of the obligation secured by each of the performance security, payment security and warranty security, and in addition to the face amount of each such security, each such security shall include and assure the payment of costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing the obligations thereby secured. B. Improvement security shall conform with Section 66499 of the California Government Code and one or more of the following: 1) A cash deposit with City or a responsible escrow agent or trust company, at City's option. T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd Page 1 of 6 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 Treasurer's 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 otherwise 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 3.13., 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 (0.5%) of the estimated cost of the improvements secured but not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Dollars ($5,000.00). T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd Page 2 of 6 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 Subdivider's Surety for payment of said cash and Subdivider's 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 furnished for any improvement agreement. 3) Participatory Improvement security shall be released upon payment by Subdivider of Subdivider's 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 Required. 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%) 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 Subdivider's obligation to construct the applicable improvement pursuant to this Agreement or the Conditions of Approval. T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd. Page 3 of 6 6. Completion of Improvements. 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 to 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 clearly 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 plans shall be resubmitted to the City Engineer. 12. Improvement Warranty. Subdivider hereby guarantees the Improvements to City for a period of one (1) 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 furnished, 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, T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd Page 4 of 6 and Subdivider shall pay the entire cost of such performance by City including costs of suit and reasonable attorney'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, arising out of or in any way connected with Subdivider's performance herein under, including costs 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 Agreement 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 indicated hereon. Notices personally delivered shall be effective upon delivery. Notices mailed as provided herein and sent postage prepaid shall be effective upon the date of 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, and 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 the non -prevailing party. F. Any failure or delay by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies provided for hereunder. T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd Page 5 of 6 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. CITY: as P. Genovese, City Manager ATTEST: SUBDIVIDER: City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 760/777-7075 rJ-� (o-aoo6 Date Aliso II LLC, A California Limited Liability Co. By Century Crowell Communities, LP, A California Limited Partnership, Managing Member, By: Century Homes Communities a California Corporation, its General Partner (909)381-6007 By: � � Date / Title: By: Date Title: Reviewed and Approved: Approved as to Form: -7r��r�o Date Date T:\PWDEPT\STAFF\GUZMAN\TRACTS\AGREEMEN.TS\29563.wpd Page 6 of 6 Exhibit A SECURITY - TRACT 29563 Except as otherwise provided herein, Subdivider shall furnish performance security and labor & materials security prior to agendization of the Map for approval by the City Council. Improvements designated as "Participatory" have been or will be constructed by others. Security for Participatory Improvements shall remain in place indefinitely until called upon or released by City. Monumentation security shall guarantee performance of or payment for the work and shall be utilized or released as specified in Chapter 4, Article 9 of the Subdivision Map Act. The "Engineering & Plans" security will be released when the City has possession of complete, approved, original plans, signed and sealed by a design professional(s), for all required improvements. The "No -Plan Contingency", which may be utilized for any listed item or for other cost found necessary, in the design or construction of the required improvements, may be released in whole or part by the City Engineer, at any time after construction plans are complete and the scope and nature of improvements are fully known. These releases shall be separate from and in addition to the reductions discussed below. As elements of the work are completed, Subdivider may request a maximum of two partial releases of performance security. Partial releases shall be for not less than ten percent (10%) of the total performance security for the tract and shall not reduce total performance security below the amount necessary to complete the Improvements plus ten percent (10%) of the original amount. Partial releases of performance security will be evaluated and may be granted, in whole or in part, by the City Engineer. Requests for partial releases, setting forth in detail the amount of work completed and the value thereof, shall be made in writing to the City Engineer. Labor & materials security shall remain in place until 90 days after all required tract improvements are complete and accepted by the City Council. Improvement Description Streets & Storm Drainage Grading Domestic Water Sanitary Sewer Electrical Perimeter and Basin Landscaping Monumentation Construction Subtotal: Engineering & Plans (20% of Construction) No -Plans Contingency (25% of Project) Total: Performance Labor & Materials 127,800 127,800 76,400 76,400 96,550 96,550 60,150 60,150 75,000 75,000 102,060- 10,000 $547,960 109,592 .a 164,388 $821,940 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California ss. County of On (01 { Q D , before me, , Date Name nd Title of Officer (e.g., "J a Doe, Note lic") personally appeared , Name(s) of Signer(s) ❑ personally known to me Y_� proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. ESS my hand and official seal. Q -=k SA,�. Place Notary Seal Above Signature of No ry Public OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document , , , Title or Type of Document: G L"_� � � 1.4 1, - ` U Document Date: 1 �(.3 Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer Signer's Name: ❑ Individual ❑ Corporate Officer — ❑ Partner — ❑ Limiter ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Cons A Other: Signer Is Representing: © 1997 National Notary Association • 9350 De Soto Ave., P.O. Box 2402 • Chatsworth, CA 91313-2402 Prod. No. 5907 Reorder: Call Toll -Free 1-800-876-6827 Frontier Pacific Insurance Company BOND NO: SD00089017 INITIAL PREMIUM: $ 1534.00 _ SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Street Improvements KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto County Of La Ouinta , Obligee, in the sum of One Hundred Twenty SevenThousand Eight Hundred Dollars. ($ 127.8001, for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Its: General Partner / Gar W6intraub, Assistant Secretary 5 South "D" Street, Ste.200 San Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 BY: W. Broadway, Suite 700 Diego, CA.92101 Fact FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089017 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Street Improvements KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general 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 Hundred Twenty SevenThousand Eight Hundred Dollars, ($127.800.00),for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the County of La Quinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 71h day of July, 2000. PRINCIPAL Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BYeh"D�" GaryinAssistant Secretary 1535treet, Ste.200 San Bernardino_ CA 92408 SURETY Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089016 INITIAL PREMIUM: $917.00 _ SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Rough Grading KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto County Of La Quinta, Obligee, in the sum of Seventy-six Thousand Four Hundred Dollars, ($76.400.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: A 6"esc - Gar Wei t aub, Assistant Secretary 15 uth "D" Street, Ste.200 San ernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 &. 5-andlfn, Attorney -in -Fact W. Broadway, Suite 700 Diego, CA.92101 FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089016 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Rough Grading KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto COY of La Quinta as Obligee, in the sum of Seventy Six Thousand Four Hundred Dollars. ($76.400.00��for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the County of La Quinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 7`" day of July, 2000. PRINCIPAL SURETY Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: "A / L5'/South"D" ntraub, Assistant Secretary Street, Ste.200 San Bernardino, CA 92408 Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089019 INITIAL PREMIUM: $ 1159.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Water Improvements KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto Coun Of La Ouinta , Obligee, in the sum of Ninety Six Thousand Five Hundred Fifty Dollars. ($96.550.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof, and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner r Weintraub, Assistant Secretary 1535 South "D" Street, Ste.200 San Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 . Broadway, Suite 700 ieeo. CA.92101 FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089019 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Water Improvements KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES, LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto City of La Ouinta as Obligee, in the sum of Ninety Six Thousand Five Hundred Fifty Dollars,( $96.550.00). for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the County of La Quinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 71h day of July, 2000. PRINCIPAL SURETY Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: Ga W raub, Assistant Secretary 35 outh "D" Street, Ste.200 S Bernardino, CA 92408 Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089018 INITIAL PREMIUM: $722.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Sanitary Sewer KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific Insurance Companya 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, are held and firmly bound unto County Of La Ouinta , Obligee, in the sum of Sixty Thousand One Hundred Fifty Dollars. ($60.150.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Its: General Partner BY: ry ntraub, Assistant Secri 15 South "D" Street, Ste.200 n Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 W. Broadway, Suite 700 Diego, CA.92101 FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089018 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Sanitary Sewer KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES, LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto City of La Ouinta as Obligee, in the sum of.Sixty Thousand One Hundred Fif , Dollars. ($60.150.0&for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the Coun , of La Quinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 71h day of July, 2000. PRINCIPAL SURETY Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: Gar We' aub, Assistant Secretary 1 5 out "D" Street, Ste.200 S Bernardino, CA 92408 Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089020 INITIAL PREMIUM: $900.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Electrical KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP , as Principal, and, Frontier Pacific 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, are held and firmly bound unto County Of La Quinta , Obligee, in the sum of Seventy Five Thousand Dollars. 675.000.001, for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: -"A Gary e' aub, Assistant Secretary 153 uth "D" Street, Ste.200 San Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 i andlin, Attorney-% W. Broadway, Suite 700 n Diego, CA. 92101 FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089020 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Electrical KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto City of La Quint a as Obligee, in the sum of Seventy , Five Thousand Dollars. ($75,000.00). for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the County of La Ouinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 71h day of July, 2000. PRINCIPAL SURETY Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: Gary Weieardino Assistant Secretary 1535 S utreet, Ste.200 San 6 CA 92408 Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089021 INITIAL PREMIUM: $1225.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Perimeter & Basin Landscaping KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto Count Of f La Ouinta , Obligee, in the sum of One Hundred Two Thousand Sixty Dollars. (S102.060,00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: "Oe4 4--� Ga raub, Assistant Secretary 3 South "D" Street, Ste.200 San Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 FRONTIER PACIFIC INSURANCE COMPANY BOND NO#: SD00089021 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Perimeter & Basin Landscaping KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and FRONTIER PACIFIC INSURANCE COMPANY, a corporation organized and doing business under and by virtue of the lawn of the State of California and duly licensed to conduct a general surety business in the State of California as Surety, are held and firmly bound unto City of La Ouinta as Obligee, in the sum of One Hundred Two Thousand Sixty Dollars. (S 102,060.00). for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, has entered into an agreement or agreements which are made a part of this bond, with the County of La Ouinta, as Obligee for the improvements in the subdivision designated as (Tract/Parcel) Map No.29563, as required by the Government Code of California. NOW THEREFORE, the condition of this obligation is such, that if the above principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sun specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at Pico Rivera, California, this 7th day of July, 2000. PRINCIPAL Century Crowell Communities, LP a Calif. Limited Partnership Its Managing Member By: Century Homes Communities, Inc. Its: General Partner BY: Gary We'/ardino Assistant Secretary 1535 S uStreet, Ste.200 San B � r 92408 SURETY Frontier Pacific Insurance Company 101 West Broadway, Suite 700 San Diego, California, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00092805 INITIAL PREMIUM: $120.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Monumentation KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto County Of La Ouinta , Obligee, in the sum of Ten Thousand DollarsS$10.000.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof, and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Its: General Partner Ga,6 Werht'raub, Assistant Secretary 35 outh "D" Street, Ste.200 Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 L. Sandlin, Attorney -in 1 W. Broadway, Suite 700 San Diego, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00089022 INITIAL PREMIUM: $1315.00 _ SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Engineering & Plans KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto County O, f La Quinta , Obligee, in the sum of One Hundred Nine Thousand Five Hundred Ninety Two Dollars. ($109.592.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner Gary Wein a Assistant Secretary 1535 Sot D" Street, Ste.200 San BeWardi no, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 C W. Broadway, Suite 700 n Diego, CA. 92101 Frontier Pacific Insurance Company BOND NO: SD00092804 INITIAL PREMIUM: $1968.00 SUBJECT TO RENEWAL SUBDIVISION IMPROVEMENTS PERFORMANCE BOND No -Plans Contingena KNOW ALL MEN BY THESE PRESENTS: That we, CENTURY CROWELL COMMUNITIES. LP, as Principal, and, Frontier Pacific 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, are held and firmly bound unto County Of La Ouinta , Obligee, in the sum of One Hundred Sixty Four Thousand Dollars. ($164.000.00), for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors and administrators, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the Obligee and Principal have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which agreement, identified as Tract #229563, is hereby referred to and made a part hereof; and Whereas, said Principal is required under the terms of said agreement to furnish a bond for the Faithful Performance of said agreement. NOW THEREFORE, the condition of this obligation is such, that if the above bounded principal, his or its heirs, executors, administrators, successor or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless obligee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the penal sum specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or by the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on the bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named on July 7, 2000. PRINCIPAL Century Crowell Communities, LP A Calif. Limited Partnership, It's Managing Member By: Century Homes Communities, Inc. Its: General Partner Gar e' au , ssistant Secretary 1 3 outh "D" Street, Ste.200 San Bernardino, CA 92408 SURETY Frontier Pacific Insurance Company 101 W. Broadway, Suite 700 San Diego, CA. 92101 BY, yL. Sandlin, Attoh�y-in W. Broadway, Suite 700 Diego, CA.92101 NON-NEGOTIABLE • NOT TRANSFERRABLE CERTIFICATE OF DEPOSIT VIX" k TOKAI BANK OF CALIFOM A MEMBER FDIC ®MULTIPLE SINGLE September 27 2001 MATURITY ❑ MATURITY ,— MATURITY DATE 025 - 096255 Branch Inland Empire BRANCH Ontario CALIFORNIA September 27, xK 2000 THIS CERTIFIES THAT """""""""""Aliso II EWTLY IN TOKAI BANK OF CALIFORNIA HAS/HAVE DEPOSITED 7,6 5 Nols 0 Ids DOLLARS $ PAYABLE TO .............�'he Clty of La QUllta:......,..,...<::.....:...:....,.af„......,,..:........... UPON SURRENDER OF THIS CERTIFICATE, PROPERLY ENDORSED, AT THE ISSUING BRANCH. This certificate is issued for a period of 1 year . If multiple maturity it will automatically renew for a similar period of time at the then current interest rates, unless presented for redemption within 10 days after the maturity date. If single maturity, no interest will be paid after the maturity date. The Bank reserves the right to redeem this certificate during any renewal period upon 14 days prior written notice. The interest rate on this certificate is 2.00 % per annum, based on a 36 day year. INTEREST IS: PAY INTEREST: BY: ❑ SIMPLE ❑ EVERY DAYS ❑ REINVEST (CAPITALIZE) AT MATURITY ® COMPOUNDED DAILY ❑ EVERY MONTHS ❑ CHECK TO DEPOSITOR(S) 001_538969 ❑ COMPOUNDED QUARTERLY LEI AT MATURITY CREDIT CHECKING ACCOUNT ❑ CREDIT SAVINGS ACCOUNT ❑ ADDITIONAL INSTRUCTIONS ❑ HOLD AS COLLATERAL ❑ HOLD IN SAFEKEEPING SIGNATURE OF PURCHASER ,ry SIGNATURE OF PURCHASER AUTHORIZED SIGNATURE I/WE UNDERSTAND THERE MAY BE A SUBSTANTIAL PENALTY FOR EARLY WITHDRAWAL PLEASE READ AND UNDERSTAND THE FOLLOWING RULES ON TIME CERTIFICATES OF DEPOSIT 1. AS A TIME CERTIFICATE DEPOSITOR, YOU HAVE AGREED TO KEEP YOUR FUNDS ON DEPOSIT FOR AT LEAST THE PERIOD OF TIME STATED ON THE TIME CERTIFICATE OF DEPOSIT. 2. IN THE EVENT A CERTIFICATE IS REDEEMED PRIOR TO ITS MATURITY DATE (i.e., BEFORE THE PERIOD OF TIME STATED ON THE CERTIFICATE AS THE TERM OF DEPOSIT HAS ELAPSED) AN EARLY WITHDRAWAL PENALTY SHALL BE ASSESSED AT THE NOMINAL (SIMPLE INTEREST) RATE. THESE PENALTIES DO NOT APPLY FOR WITHDRAWALS FOLLOWING THE DEATH OF ANY DEPOSITOR OR THE DECLARATION OF INCOMPETENCY OF ANY DEPOSITOR BY A COURT. 3. IF THE CERTIFICATE HAS AN ORIGINAL MATURITY OF UP TO ONE YEAR, THE EARLY WITHDRAWAL PENALTY WILL BE THE LOSS OF THE EQUIVALENT OF 30 DAYS INTEREST, WHETHER OR NOT THE INTEREST IS EARNED ON THE AMOUNT WITHDRAWN. 4. IF THE CERTIFICATE HAS AN ORIGINAL MATURITY OF OVER ONE YEAR, THE EARLY WITHDRAWAL PENALTY WILL BE THE LOSS OF THE EQUIVALENT OF THREE MONTHS INTEREST, WHETHER OR NOT THE INTEREST IS EARNED, ON THE AMOUNT WITHDRAWN. 5. FOR 7-31 DAY CERTIFICATES, THE EARLY WITHDRAWAL PENALTY WILL BE THE LOSS OF AN AMOUNT EQUAL TO THE GREATER OF (A) ALL INTEREST EARNED ON THE AMOUNT WITHDRAWN FROM THE MOST RECENT DATE OF DEPOSIT OR DATE OF RENEWAL OR (B) SEVEN (7) DAYSINTEREST. SIGNATURE OF PURCHASER DATE SIGNATURE OF PURCHASER DATE OUTSTANDING BOND REPORT Name: Aliso II Tract No. 29563 Date of Contract: July 18, 2000 Required Bond Amounts: Streets/Drainage $127,800 performance/labor Grading $ 76,400 same Water $ 96,550 same Sewer $ 60,150 same Electrical $ 75,000 same Perimeter/Basin Landscaping $102,060 same Monumentation $ 10,000 performance only Engineering/Plans $109,592 same No -Plans Contingency $164,388 (bond amt. is $164,000) Dates of Bond Reductions: Outstanding Bonds: Amount: Bond No. Date Cancelled/Released: $127,800 SD00089017 $127,800 same $ 76,400 SD00089016 $ 76,400 same $ 96,550 SD00089019 $ 96,550 same $ 60,150 SD00089018 $ 60,150 same $ 75,000 SD00089020 $ 75,000 same $102,060 SD00089021 $102,060 same $ 10,000 SD00092805 $109,592 SD00089022 $164,000 SD00092804 $ 7,650 (PM 10) CD#096255 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAx) www.insurance.ca.gov December 21, 2001 iiiiiiiiiiiiiiiiiiiiiillielililI 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089021 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry Levine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP • Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION He LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAX) www.insurance.ca.gov December 21, 2001 8 7 """"""SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089022 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry LeVine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP 9 Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAX) www.insurance.ca.gov December 21, 2001 Ililiiiiliiiililililiilllllilill 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00092804 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry LeVine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP 9 Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 op SAN FRANCISCO, CA 94126-0894 _ N_ (415) 676-5067 ®z (415) 676-5007 (FAX) d m www.insurance.ca.gov �NI OP �yS December 21, 2001 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089018 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry Levine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP 9 Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAx) www.insurance.ca.gov December 21, 2001 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089020 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry Levine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP 9 Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE � oP �Ao P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 ®_ (415) 676-5007 (FAx) d m www.insurance.ca.gov �;, December 21, 2001 liiiiiiiiiiiiiiiiiiiiillillililI 8 7 """"""SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089019 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry LeVine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP • Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAX) www.insurance.ca.gov December 21, 2001 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Corwell Communities Bond number: SD00089016 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry Levine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP 9 Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FMNCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAx) www.insurance.ca.gov December 21, 2001 8 7 ************SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities Bond number: SD00089017 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry LeVine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP • Producer Licensing (800) 967-9331 STATE OF CALIFORNIA Harry W. Low, Insurance Commissioner DEPARTMENT OF INSURANCE CONSERVATION & LIQUIDATION OFFICE P. O. Box 26894 SAN FRANCISCO, CA 94126-0894 (415) 676-5067 (415) 676-5007 (FAx) www.insurance.ca.gov December 21, 2001 iiiiiiiiiiiiiiiiiiiiiilillitillI 8 7 """"""SINGLE -PIECE County Of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Re: Frontier Pacific Insurance Company Bond Cancellation Information for Obligees Bond Principal name: Century Crowell Communities, Lp Bond number: SD00092805 The California Insurance Commissioner as the Conservator of Frontier Pacific Insurance Company (hereafter referred to as the "Company") recently applied to the San Diego County Superior Court for an Order of Liquidation for the Company. The Commissioner's application was granted on November 30, 2001. The Commissioner is now responsible for conducting an orderly liquidation and winding —up the insurance business of the Company pursuant to the Liquidation Order and the California Insurance Code. PLEASE TAKE NOTICE THAT, pursuant to the Liquidation Order of the Court, all insurance policies and surety bonds (excluding bail bonds) issued by the Company have been cancelled effective thirty (30) days following the issuance of the Liquidation Order, unless the bond expired before, pursuant to its terms. All liability on the part of the Company under the above bond will terminate at 12:01 a.m. on December 30, 2001, unless the bond has previously expired or been terminated under the specific terms of the bond. We have reason to believe you were an obligee on certain bonds issued through the Company. You may now want to contact the bond principal and ascertain the name of its new surety. Thank you for your attention and assistance in this matter. Sincerely, Harry Levine Special Deputy Insurance Commissioner Conservation & Liquidation Office Consumer Hotline (800) 927-HELP • Producer Licensing (800) 967-9331