29586 Century Crowell CITY OF LA QUINTA
SUBDIVISION IMPROVEMENT AGREEMENT
Tract 29586
THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this
~..~; ~"//' day of ~'~.~P ~'~,'~ ~ ,".r" ,2000, by and between Duna
Fairways L L C, a California Limited Liability Co.,'by Century Crowell Communities L P, a California Limited
Partnership its managing member Century Homes Communities, a California Corporation its General Partner,
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. 29586 (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 "B", 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 secudty 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 pdor 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 secudty 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.
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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 govemment and having a financial quality rating of"A" or better and a commitment reliability
rating of "1:{-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.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 (0.5%) 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).
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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 wdtten 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
wdtten 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 secudty 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 secudty 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.
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6. Com~31etion 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 cleady 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 Ri.qht to Cure. If Subdivider fails to perform any obligation hereunder and such obligation has not
been performed within sixty (60) days after wdtten notice of default from City, then City may perform the obligation,
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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. Severabilitv. 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\LINDSEY\TRACTS\29586\S I Agreement.wpd Page 5 of 6
Exhibit A
SECURITY- TRACT 29586
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 secudty 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" secudty 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 Performance Labor & Materials
Grading (On-site) 33,000 33,000
Streets & Storm Drainage (On-site) 292,851 292,851
Domestic Water 130,700 130,700
Sanitary Sewer 34,660 34,660
Perimeter & Geo-grid Walls 452,720 452,720
Dry Utilities/Electrical 52,704 52,704
Monumentation 5,000 0
Construction Subtotal: $1,001,635 $1,001,635
Engineering & Plans (20% of Construction) 200,327
No-Plans Contingency (25% of Project) 300,490
Total: $1,502,452
IN WITNESS WHEREOF, the parties hereto have 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: Duna Fairways L L C
Century-Crowell Communities, a
California Limited Partnership
1535 South 'D' Street, Suite 200
San Bernardino, Ca. 92408
(909) 381-6007
~ _~ September 26, 2000
By: JJ,~ ~ ~- ~ Date
Title:~y' Weintraub Asst. Sect.
By:
Date
Title:
Reviewed and Approved: ~.,,-- ,--~r.. ,,~ ~
City_Engineer ~ Date
Approved as to Form: CMEorney[~A - ~[~ ~ ~
Date
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NOTICE OF SPECIAL MEETING OF THE BOARD OF DIRECTORS
OF CENTURY HOMES COMMUNITIES, A CALIFORNIA CORPORATION
On May 31, 2000, at 10:00 a.m., a Special Meeting of the Board of Directors of Century Homes Communities was held at
the Corporation's office at 1535 So. "D" Street, San Bernardino, California:
SIGNING AUTHORIZATION: RATIFICATION OF PRIOR ACTS
WHEREAS, the Corporation is the general partner of Century Crowell Communities, L.P., a
California limited partnership ("Century Crowell");
WHEREAS, Century. Crowell was formed for the purpose of acquiring land and developing same
with single family' homes;
WHEREAS, the Corporation has determined that it is in the best interests of Century Crowell that
ownership in each Century Crowell project ("Project") be vested in a limited liability, company or limited partnership
("Project Entity");
WHEREAS, primary responsibility for management of the Projects has been delegated to the
corporation's Project Managers, who are Kenny Felkel, Marry Butler, Ed Knight and Dave Cooper.
RESOLVED, that in connection with the development of-any Project, any Project ,.x,.!a_qager (or
GaN' Weintraub as Vice President or Assistant Secretary) is authorized to sign on behalf of the Corporation, as general
partner of Century Crowell, acting in its capacity as Manager or General Partner of any Project Entity, and as general
contractor to the Projects, any and all documents in connection with plan checks, permits, entitlements, and all other
documents relating to city, coun .ty, water district and other governmental agency actions respecting the Projects.
RESOLVED, that in connection with the development of any Project, Gary Weintraub, as Vice
President, or David J. Miller, as Assistant Secretary,, are authorized to sign on behalf of the Corporation, as General
Partner of Century Crowell, acting in its capacity as Manager or General Partner of any Project Entity, surety bonds, and
all documents relating to same, in connection with the Projects.
RESOLVED, that Joyce Montgomery or David J. Miller are authorized to sign on behalf of the
Corporation, as general partner of Century Crowell, acting in its capacity as Manager or General Partner of any Project
· Entity and as general contractor to the Projects, all documents as required for the issuance of the DRE Public Report for
the Projects.
RESOLVED, that copies of these Minutes may be provided to any person or public agency
requiring evidence of authorization. ALL SUCH PERSONS OR PUBLIC AGENCIES ARE HEREBY PUT ON
NOTICE THAT ALL AUTHORIZED SIGNATORIES HEREUNDER ARE SIGNING ONLY IN THE
CAPACITIES SET FORTH HEREIN AND ARE NOT INDIVIDUALLY OR PERSONALLY LIABLE FOR ANY
DEBTS OR OBLIGATIONS OF THE CORPORATION, CENTURY CROWELL OR ANY PROJECT ENTITY.
.Ali Directors were present and unanimously consented to the above.
DATE' May 31. 2000 A/~TEST:
J~Tn W. Pavelak, President '
Erncs O. incent, Assistant Sccretap,,
CALIFORNIA
ALL-PURPOSE ACKNOWLEDGEMENT
STATE OF CALIFORNIA )
) SS.
COUNTY OF SAN BERNARDINO
On this 26th day of September, 2000 before me, Doris A. Benoit, Notary Public,
personally appeared Gary Weintraub. Assistant Secretary for Duna Fairways. LLC.. a
California limited liability company. By: Century Crowell Communities. LP.. a
California limited partnership. R.y: Centurv Homes Communities. a California
Corl;)oration. Its: General Partner, personally known to me, to be the person whose
name is subscribed to the within instrument and acknowledged to me that he executed
the same in his authorized capacity, and that by his signature on the instrument the
person or the entity upon behalf of which the person acted, executed the instrument.
WITNESS my hand and opfficial seal.
Signature of Notary Public
~his area for Official Noaarial Seal
, {~ DORISA. BENOIT **
COMMISSION #1141764 -!-
NOTARY PUBLIC-CAMFORNIA
SAN BERNARDINO COUNTY
My Com~. i~sio~ Ex,itel JUNE 13. 2001
SUBDIVISION IMPROVEMENT AGREEMENT
(6 PAGES- DATED 9~26~00)
BOND NO.: BE0930032
INITIAL PREMIUM: $825.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Grading - On Site)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri and duly
licensed to conduct a general surety business in the State of California as Surety, are held and firmly
bound unto City of La Quinta, CA as Obligee, in the sum of Thirty Three Thousand and
no/100***($ 33,000.00***) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC . a California Gulf Insurance Company
limited liability company
BY: CENTURY CROWELL CO. UNITIES, LP, BY: c_.
a Cal i forni a 1 imi ted partnership David C. Banfer, Attorney-in-Fact
ITS: Hanagin§ Member 101 West Broadway Suite 700
BY: CENTURY HOLIES COIqMUNITIES, a SanDiego, CA 92101-8208
Cai i forni a corporati on
ITS' General Partner
BY: ry/W~ .~ra/,~~ ~
Ga ub, Vice President
1535~uth "D' Street, Ste.200
San Bernardino, CA 92408
BOND NO:BE0930032
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Grading - On Site)
KNOW ALL MEN BY THESE PRESENTS:
That we Duna Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Thirty Three Thousand and no/100 ($33,000.00)
Dollars, 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 City of La Quinta, CA, as Obligee for the improvements in the subdivision
designated as Duna Fairways - Tract 29586 as required be 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 sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a (;al ifornia GULF INSURANCE COMPANY
1 imited 1 iability company ~
By:(;ENTURY (;ROWELL CO. UNITIES, LP, BY: ~
a Cai ifornia 1 imited partnership David C. Banfer, Atto~'rney-in-Fact
ITS: Managing Member 101 West Broadway, Suite 700
BY: (;ENTURY HOHES (;01~IUNITIES, a San Diego, CA 92101-8208
(;al ifornia corporation
ITS: GENERAL PARTNER
BY- ',ragul~ Vice President
BOND NO.: BE0930033
INITIAL PREMIUM: $7,321.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Streets & Storm Drain - On Site)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Two Hundred Ninety Two Thousand
Eight Hundred Fifty One and no/100'**($292,851.00'**) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a California Gulf Insurance Company
l imi ted 1 i abi 1 i ty company
CENTURY CROWELL COMMUNITIES, LP, ~
~YCalifornia limited partnership BY: ~-~ _
ITS: Managing Member David C. Banfer, Attorney-in-Fact
BY: CENTURY HOMES COI~qUNIIIES, a 101 West Broadway Suite 700
California corporation SanDiego, CA 92101-8208
ITS: GENERAL PARTNER /
BY' ?~~~-
traub, Vice President
BOND NO:BE0930033
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Streets & Storm Drain- On Site)
KNOW ALL MEN BY THESE PRESENTS:
That we Duna Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Two Hundred Ninety Two Thousand Eight
Hundred Fifty One and no/100 ($292,851.00) Dollars, 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 City of La Quinta, CA, as Obligee for the improvements in the subdivision
designated as Duna Fairways - Tract 29586 as required be the Government Code of Cali£ornia.
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 sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cali forni a GULF INSURANCE COMPANY
1 imi ted l i abi l i ty company
BY: CENTURY CROWELL CO. UNITIES, LP, BY:
a California 1 imited partnership David C. Banfer,~kttorhey-in-Fact
ITS: Hana§ing Member 101 West Broadway, Suite 700
BY: CENTURY HOMES COI~UNITIES, a SanDiego, CA 92101-8208
Cml i forni a corporati on
ITS: GENERAL PARTNER
BY: ~ ~
G r~ub, Vice President
BOND NO.: BE0930034
INITIAL PREMIUM: $3,268.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Domestic Water)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of One Hundred Thirty Thousand
Seven Hundred and no/100'**($130,700.00'**) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cali fo rni a Gulf Insurance Company
1 imited 1 iability company
BY: CENTURY CROWELL COI~UNITIES, LP, BY: &
a Cai ifornia Iimited partnership David C. Banfer, Attorney-in-Fact
ITS' ~lanaging Member 101 West Broadway Suite 700
BY' CENTURY HOMES COI~UNITIES, a SanDiego, CA 92101-8208
Cali forni a corporati on
ITS' General Partner
Ga~'y~Wefntraub, Vice President
1536KSouth "0" Street, Ste.~?O0
San Bernardino, CA 92408
BOND NO:BE0930034
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Domestic Water)
KNOW ALL MEN BY THESE PRESENTS:
That we Duna Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of One Hundred Thirty Thousand Seven Hundred
and no/100 ($130,700.00) Dollars, 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 City of La Quinta, CA, as Obligee for the improvements in the subdivision
designated as Duna Fairways - Tract 29586 as required be 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 thc improvement required by said agreement or agreements, the Surety on this bond
will pay the same, in an amount not exceeding the sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a (;al ifornia GULF INSURANCE COMPANY
1 imi ted 1 i abi 1 i ty company ~y~
BY: CENTURY CROWELL COMMUNITIES, LP, BY: ~
a Cali fornia 1 imi ted partnership David C. Banfer, Attorney-in-Fact
ITS: Managing blember 101 West Broadway, Suite 700
BY: CENTURY HOMES C0b~UNITIES, a SanDiego, CA 92101-8208
Cali forni a corporati on
ITS: GENERAL PARTNER
BY ~ ~ ~~
n~raub, Vice President
BOND NO.: BE0930035
INITIAL PREMIUM: $867.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Sanitary Sewer)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Thirty Four Thousand Six Hundred
Sixty and no/100'**($34,660.00'**) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3Ta day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a California Gulf Insurance Company
limited l iability company
BY: CENTURY CROWELL COMMUNITIES, LP, BY: ~
a Cai ifornia 1 imited partnership David C. Banfer, Attorney-in-Fact
ITS' Managing Member 101 West Broadway Suite 700
BY: CENTURY HOMES C0~UNITIES, a SanDiego, CA 92101-8208
Cali forni a corporati on
ITS: General Partner
Gary~l~ei~r~ul~, V i ce Pres i dent
153§~th 'mD" Street, Ste.200
San Bernardino, CA 92408
BOND NO:BE0930035
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Sanitary Sewer)
KNOW ALL MEN BY THESE PRESENTS:
That we Duna Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Thirty Four Thousand Six Hundred Sixty and
no/100 ($34,660.00) Dollars, 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 City of La Quinta, CA, as Obligee for the improvements in the subdivision
designated as I)una Fairways - Tract 29586 as required be 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 sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
una Fairways, LLC , a Ca) ifornia GULF INSURANCE COMPANY
imited liability company ~
BY: CENTURY CROWELL COIqqUNITIES, LP, BY: c~-
a ca litornia 1 imited partnership David C. Banfer, Attorr~ey-in-Fact
ITS' Managing Member 101 West Broadway, Suite 700
BY: CENTURY HOMES C0I~UNITIES, a San Diego, CA 92101-8208
California corporation
ITS: GENERAL PARTNER
Ga r(raub, ie' President
BOND NO.: BE0930036
INITIAL PREMIUM: $11,318.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Perimeter & Geo-Grid Walls)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Four Hundred Fifty Two Thousand
Seven Hundred Twenty and no/100'**($452,720.00'**) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cai i forni a Gulf Insurance Company
limited liability company
BY: CENTURY CROWELL COMMUNITIES, LP, BY:
a Cali forni a 1 imi ted partnershl p David C. Banfer, Attomey-in-Fact
ITS' )4ana§i ng Member 101 West Broadway Suite 700
DY' CENTURY HOMES COI~UNITIES, a SanDiego, CA 92101-8208
California corporation
ITS: General Partner
San Bernardino, CA 92408
BOND NO:BE0930036
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Perimeter & G¢o-grid Walls)
KNOW ALL MEN BY THESE PRESENTS:
That we Duna Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Four Hundred Fifty Two Thousand Seven Hundred
Twenty and no/100 ($452,720.00) Dollars, 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 City of La Quinta, CA, as Obligee for the improvements in the subdivision
designated as Duna Fairways - Tract 29586 as required be 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 sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a California GULF INSURANCE COMPANY
1 imited l iabi! ity company
BY: CENTURY CROWELL COb~IUNITIES, LP, BY:
a California limited partnership David C. Banfer, Attorney-in-Fact
ITS: Managing Member 101 West Broadway, Suite ?00
BY: CENTURY H0btES C0~UNITIES, a San Diego, CA 92101-8208
Cal ifornia corporation
ITS- GENERAL PARTNER
BY' r~al~
Ga ub, Vice President
BOND NO.: BE0930037
INITIAL PREMIUM: $1,318.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Dry Utilities / Electrical)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Fifty Two Thousand Seven Hundred
Four and no/100'**($52,704.00'**) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a California Gulf Insurance Company
1 imited 1 iability company
BYf. FNTIIRY K. ROWFII £flI~IINITIF~, I P, BY:
a California 1 imited partnership David C. Banfer, Attorney-in-Fact
ITS: Managing Member ' 101 West Broadway Suite 700
'BY: CENTURY HOMES COMMUNITIES, a SanDiego, CA 92101-8208
California corporation
ITS: General Partner
Gar~ , Vice President
153~CJOuth "D' Street, Ste.200
San Bernardino, CA 92408
BOND NO:BE0930037
PREMIUM INCLUDED
IN PERFORMANCE BOND.
SUBDIVISION IMPROVEMENTS
LABOR AND MATERIAL BOND
(Dry Utilities / Electrical)
KNOW ALL MEN BY THESE PRESENTS:
That we l)uaa Fairways LLC, as Principal, and GULF INSURANCE COMPANY, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Fifty Two Thousand Seven Hundred Four and
no/100 ($52,704.00) Dollars, 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 City of La Quiata, CA, as Obligee for the improvements in the subdivision
designated as Duna Fairways - Tract 29586 as required be 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 sum 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 San Diego, CA, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cml i forni a GULF INSURANCE COMPANY
I imi ted 1 i abi 1 i ty company
BY: BY:
(;~NIURY IJiqdW~LL CO~MUNI'mIES, LP,
David C. Banfer, Attdrr~ey-in-Fact
a Cml ifornia 1 imited partnership 101 West Broadway, Suite 700
ITS' Managing Member San Diego, CA 92101-8208
BY' CENTURY HOMES COI~UNITIES, a
Ca1 i forni a corporati on
ITS- General Partner
BY: ry~nt/~
~a raub, Vice President
ITr3S South "0" Street, Ste.
San Bernardino, CA 92408
BOND NO.: BE0930038
INITIAL PREMIUM: $125.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Monumentation)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Five Thousand and no/100***
($5,000.00***) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3rd day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a {;al ifornia Gulf Insurance Company
1 imi ted 1 i abi 1 i ty company
BYCENTURY CROWELL COI~UNITIES, LP, BY: ~
a California 1 imited partnership David C. Banfer, AttomJy-in-Fact
ITS: Managing Meaber 101 West Broadway Suite 700
BY: CENTURY HOSES COI~UNITIES, a SanDiego, CA 92101-8208
Cal i forni a corporati on
ITS: General Partner
BY: , t~
1G}~.a~).b,S~ireceett',r~}}~g~
San Bernardino, CA 917408
BOND NO.: BE0930039
INITIAL PREMIUM: $5,008.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(Engineering & Plan - 20% of Construction)
MEN BY THESE PRESENTS:
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Two Hundred Thousand Three
Hundred Twenty Seven and no/100*** ($200,327.00***) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3ra day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cali forni a Gulf Insurance Company
l imi ted 1 i abi 1 i ty company
BY~ENTURY CROWELL COI~UNITIES, LP, BY:
a California limited partnership David C. Banfer, Attorney-in-Fact
ITS: Managing Member 101 West Broadway Suite 700
BY' CENTURY HOHES C01~UNITIES, a SanDiego, CA 92101-8208
Cai ifornia corporation
ITS: General P~rtner
GarJ W946trau , V' '
153L~gouth "D' Street, Ste.200
San Bernardino, CA 92408
BOND NO.: BE0930040
INITIAL PREMIUM: $7,512.00
SUBJECT TO RENEWAL
SUBDIVISION
PERFORMANCE BOND
(No-Plans Contingency - 25% of Project)
MEN BY THESE PRESENTS: ~
That we, Duna Fairways, LLC, as Principal, and, Gulf Insurance Company, a corporation
organized and doing business under and by virtue of the laws of the State of Missouri 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, CA as Obligee, in the sum of Three Hundred Thousand Four
Hundred Ninety and no/100*** ($300,490.00***) Dollars, 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, as a condition of the filing of the Duna Fairways - Tract
No. 29586, entered into an agreement or agreements with said Obligee to complete the
improvements specified in said agreement or agreements.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal shall well
and truly perform said agreement or agreements during the original term thereof or of any extension
of said term that may be granted by the Obligee with or without notice to the Surety, this obligation
shall be void, otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the
corporate seal and the name of the said Surety is hereto affixed and attested by its duly authorized
Attorney-in-Fact at San Diego, California, this 3ra day of October, 2000.
"PRINCIPAL" "SURETY"
Duna Fairways, LLC , a Cml ifornia Gulf Insurance Company
1 imi ted 1 i abi 1 i ty company ~
BY: CENTURY CROWELL CO. UNITIES. LP, BY: ~
a Cml i fornia 1 imi ted partnership David C. Banfer, Attorney-in-Fact
ITS' Managing I~ember 101 West Broadway Suite 700
BY' CENTURY HOMES C01~UNITIES, a SanDiego, CA 92101-8208
Cml i forni a corporati on
By'ITS' General~Partner~_~x.~ . ~/(~~~
GarJKWja4~raub. Vice President
15~)5~outh_"D" Street, Ste.200
Sa)f Bernardino. CA 92408
OUTSTANDING BOND REPORT
Name: Century Crowell Communities
Tract No. 29586
Date of Contract: September 26, 2000
Required Bond Amounts:
Grading $ 33,000 performance/labor
Streets/Drainage $ 292,851 same
Water $130,700 same
Sewer $ 34,660 same
Perimeter Walls $452,720 same
Dry Utilities $ 52,704 same
Monumentation $ 5,000 performance only
Engineering & Plans $200,327 performance only
No-Plans Contingency $300,490 performance only
Dates of Bond Reductions:
Outstanding Bonds:
Amount: Bond No. Date Cancelled/Released:
$ 33,000 BE0930032
$ 33,000 same
$292,851 BE0930033
$292,851 same .
30,700 BE0930034
30,700 same
34,660 BE0930035
34,660 same
$452,720 BE0930036
$452,720 same
52,704 BE0930037
52,704 same
$ 5,000 BE0930038
$200,327 BE0930039
$300,490 BE0930040