20052-5 Laguna de la Paz 84e
CITY OF LA QU INTA
SUBDIVISION IMROVEMERr AGREEMENr
THIS AGREE MEW, made and entered into this. day of 119
by and between , hereinafter referred to as "SUE&V _Mr
and CITY OF L A Q U I N TA , mun
icipal nicipal corporation of the State of California, herein-
after referred to as "CITY".
WHEREAS, the Subdivider has prepared and filed a final subdivision map of Tract
No. 2 0 0 5 2- 5 in the C i ty o f L a Q u i n t a. County of Riverside, for appro-
val by City; and
WHEREAS, as a condition precedent to the approval of said map by City, Subdivi-
der is required to offer for dedication those parcels of land intended for streets,
highways and other public use, and also to construct and install or agree to constrict
and install certain improvements on said dedicated parcels; and
WHEREAS, Subdivider, by said map, has offered for dedication to City for public
use certain streets and easements shown on said map; and
WHEREAS, City desires to -.accept the streets and easements shown on said map for
public use, and certain other such improvements; and
WHEREAS, as a condition precedent to the acceptance of the dedication of such
streets and easements by City; Subdivider is required to enter into an agreement
with the City to construct certain improvements; and
WHEREAS, the total cost of such improvements has been estimated by.the City
Engineer to be approximately -0- Dollars; and
WHEREAS, Subdivider by said map has proposed to utilize certain parcels of land
for private streets, and also to construct and install or agree to construct and in-
stall certain improvements; and
WMtEAS, Subdivider by said map has not offered for dedication to the City for
public use the aforementioned private streets; and
WHEREAS, even though said private streets shall not be dedicated to City for
public use, City desires to insure that said streets are constructed to the same
standards and specifications required by City for public streets; and
WMEREA.S, the total cost of such�provements has been estimated by the City
Engineer to be approximately3 7 6, 6 8 4.5 0
Dollars,
NOW 71REFM, IT IS AGREED by and between the parties hereto as follows:
1. Subdivider, at his sole cost and expense, shall construct and install the
street, drainage, domestic water, sanitary sewer and other improvements required to
be constructed or agreed to be constructed as a condition precedent to the approval
of said final map and acceptance of such streets and easements, as shown on the "Im-
provement Plans for Tract No. 2 0 0 5 2 - 5 "; a copy of which is now on file in
the office of the City Engineer of the City and which is referred to and incorporated
herein as though set forth in full.
2. Subdivider shall furnish to City a, security satisfactory in form and substance
to City Attorney executed by a corporation authorized to transact surety business in
the State of California on forms approved by the City, one security to be in the sum
Of _0_ _ Dollars to assure the faithful performance of this Agree-
ment, and one security to be in the sum of -0- Dollars to assure payment
Of the cost of the labor and materials for the improvements required to be constructed
or installed hereby.
3. Before final approval of the street improvements, the Subdivider will place
survey monuments in accordance with the provisions of the State Subdivision Map Art
and the Subdivision Ordinance of the City of Rancho Mirage as shown on the Tract Map.
7ne Subdivider, after setting the monuments, shall furnish the City Engineer of
the C i ty o f L a Q u i n t a . , written notice of the setting of said monuments and written
proof of hwving paid the engineer or surveyor for the setting of said monuments, or
as pro;-l&--d for in the Subdivision Map Act.
Subdivision Improvement Agreement
Page. y
4. In accordance with the germs of said subdivision regulation aforesaid,
the Subdivider does hereby agree to furnish a security satisfactory in
fom and
substance to the City Attorney in the amount of $ 5 , 0 0 0.0 0 Dollars guarantee payment of the cost of setting monuments as stated in Item No. 3 of
this agreement.
5. The City Engineer or his duly.authorized representative, upon written
request of Subdivider, shall inspect the improvements herein agreed to be con-
structed and installed by Subdivider, and if determined to be in accordance with
the applicable City standards, shall recamiend the acceptance of such improvements
by the City.
6. Subdivider shall carplete such improvement plans including any corrections
and revisions thereto necessary to comply with the applicable City standard
as
de by the City Engineer, within thirty (30) days after approval of the
final map.
7. Subdivider shall guarantee such improvements for a period of one year
following the cptpletion by Subdivider, and acceptance by City, against any
defective work or labor done, or defective materials furnished, in the performance
of this Subdivision Improvement Agreement by Subdivider and shall repair or replace
any such defective work or materials discovered during said one year
o
per
8. Subdivider shall commence the construction and installation of such
improvements within ninety (90) days from the approval of such "Improvement
Ply
for Tract No. _ by the City Engineer, and shall coR�
construction and installations lations within eighteen (18) months from such date of
centnencement.
9. The labor and material security required herein at Item No. 2 shall be
retained to secure payment to the Contractor, his subcontractors, and to persons
renting equipment or furnishing labor or materials for six (6) months after com-
pletion and acceptance of the work provided at Item No. 1 herein by the City.
10. Fifteen percent (15%) of the performance security required by Item No. 2
herein shall be retained by the City for one (1) year to support the guarantee of
the improvements by the Subdivider as required by Item No. 7 herein.
11. Subdivider also agrees, at his sole cost and expense, to construct and
install -to the standards and specite
fications required by the City, the Streets as shown on the aforementioned Improvement Plans" for Tract No .2 0 0 5 2
-
-
12. Subdivider shall furnish to City a security satisfactory in form and
substance to the City Attorney executed by a corporation authorized to transact
surety business in the State of California on forms approved bytheCi y, faithful
security to be in the sum of $ 3 7 6 ne
Dollars e
performance of this Agreement with respect to said Private Streets, and one
security to be in the sum of $ 188.342.25 Dollars to assure payment of
the cost of labor and materials for the Private Streets required to be constructed
hereby.
13. The City Engineer or his duly authorized representative, upon written
request of Subdivider, shall inspect the Private Streets herein agreed to be
constructed by Subdivider, and determine if said Private Streets have been con-
structed in caiplianee with the standards and specifications required by City
for public streets.
14. Subdivider shall guarantee said Private Streetsfor a period ofa one year
following the completion by Subdivider, and approval by City Engineer, ag y
defective work or labor done, or defective materials furnished, in the performance
of this Subdivision Improvement Agreement by Subdivider and shall repair or replace
any such defective work or materials discovered during said one year period.
15. Subdivider shall mince the construction and installation of said
t plans"
Private Streets within ninety (90) days fran the approval f such "much construction
for Tract No. 2005 2 - 5 by the City Engineer, ands carQ
lete _ and installations within eighteen (18) months from such date of commencement; pro-
vided, however, that Subdivider shall have the option at its sole discretion to
extend the completion period described herein past the eighteen (18) months time
subdivision Improvement Agreement
Page 2
period to any future date said Subdivider may select. It is understood, however, that
as a condition precedent to extending the aforementioned ccmpletion period, Subdivider
shall furnish to City the securities described in Item No. 12 herein covering any
extended canpletion period selected by Subdivider pursuant to this paragraph. The
amount of said securities to be furnished to City pursuant to this paragraph shall
be sufficient to insure the performance of additional work to canplete, after taking
into account work already performed, the aforementioned Private Streets. Said
securities amount to insure completion shall be determined by City's engineer.
16. The labor -and material security required herein at Item No.*12 shall be
retained to secure payment to the contractor, his subcontractors, and to persons
renting equipment or furnishing labor or materials for six (6) months after completion
and approval of the work provided at Item No. 11 herein by the City Engineer.
17. Fifteen percent (15%) of the performance security required by Item No. 12
herein shall be retained by the City for one (1) year to support the guarantee of the
improvements by the Subdivider as required by Item No. 15 herein.
18. In the event that Subdivider fails to perform any obligation hereunder,
S,. rbdivider authorizes City to perform such obligation sixty (60) days after mailing
iw. .Len Notice of Default to Subdivider at the address given below, and agrees to
pay the entire cost of such performance by City.
19. In the event that Subdivider fails to perform any obligation hereunder,
Subdivider agrees to pay all costs and expenses incurred by City in securing per-
formance of such obligations, including costs of suit and reasonable attorney's
fees. in the event that Subdivider is unable to perform within the time limits herein
due to causes beyond his.control, such as strikes, acts of God, etc., all time -limits
will be extended by the same amount of time as caused by such delay.
20. Subdivider hereby binds itself, its executors, administrators and assigns,
and agrees to indemnify, defend and hold the City harmless from any losses, claims,
demands, actions or causes of action of any nature whatsoever, arising out of or in
any way connected with the improvements agreed to be constructed and installed
hereunder by the Subdivider, including costs of suit and reasonable attorney's fees.
IN WITNESS WfEFUDOF, the parties hereto have executed this Agreement as of the
day and year first above written.
CITY OF LA QUINTA
LAGUNA DE LA PAZ, LTD.
By: M. B. JOHNSON PROPERTIES,
GENERAL PARTNER
By:
A=T:
By:
:Amn Jenning-s, Deputy City Clerk
MERVIN B.
APP%NID � °�-� � ' !•k `-�"�_ Date
City Engineer
PRESIDENT
10 - z(o -?9
Iq t,
v I.
OUTSTANDING BOND REPORT
Name: Laguna De La Paz, Ltd.
Tract No. 20052-5
Date of Contract: 10/26/84
Required Bond Amounts:
$376,684.50 - Performance
$188,342.25 - Labor/Materials
$ 5,000.00 - Monuments
Dates of Bond Reductions:
Outstanding Bonds:
Amount:
Bond No.
Date Cancelled/Released:
$ 5,000.00
K02102493
Released 2/17/93
✓ $ 40,196.40
K02101762
Released 9/1/93
✓$ 20,098.20
K02101762
Released 9/1/93
✓$ 14,311.20
K02.101737
Released 9/1/93
,/$ 7,155.60
K02101737
Released 9/1/93
vl'$ 20,088.10
K02101701
Released 9/1/93
✓$ 40,176.10
K02101701
Released 9/1/93
,l$ 53,000.40
K02102596
Released 9/1/93
f$ 26,500.20
K02102596
Released 9/1/93
A 67,094.49
K02101117
Released 9/1/93
v/$134,188.98
K0210117
Released 9/1/93
,/$ 47,405.76
K02101129
Released 9/1/93
✓$ 94,811.52
K02101129
Released 9/1/93