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27031-1 George Marzicola 92CITY OF LA QUINTA SUBDIVISION IMPROVEMENT AGREEMENT THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this 5'E-'6 day of D7 P,C_V-e,-).61e,- , 19 , by and between E. George Marzicola as Trustee of Emidio I Trust; E. George Marzicola as Trustee of Verdi I Trust; E. George Marzicola as Trustee of Valentino I Trust; James J. Caron and Marguerite D. Caron, Trustee of the Caron Family Trust of November 2, 1987; Thomas L. Ferro and Leona G. Ferro, Husband and Wife as Joint Tenants; Margaret M. Grande; Jamie L. Davidson as Trustee of the Edward A. Melikian Living Trust; Jamie L. Davidson as Trustee of the Ralph Melikian Testamentary Trust; Raymond Melikian; Normart Family Trust; and Donald W. Bauman and Kay M. Bauman, Trustees of the Donald W. Bauman and Kay M. Bauman Family Trust U/D/T dated September 27, 1991, 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 (the "Tract Map") of a tract of land in the City of La Quinta, County of Riverside, which tract is known as Tract No. 27031-1 (the "Tract") pursuant to the provisions of Section 66410, et sec. of the California Government Code (the "Subdivision Map Act"). B. Subdivider has offered for dedication certain rights of way and easements within the Tract and has prepared plans and specifications for improvements associated with the Tract (the "Improvement Plans"). C. Prior to approval of the Tract Map, Subdivider is required to install or agree to install certain public and private improvements. D. The requisite improvements have not been installed and accepted at this time. E. 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. Revision of Plans. Subdivider shall, within thirty (30) days of City Council approval of the Tract Map, complete final corrections and revisions to the improvement plans and submit for approval original 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 and described in the List of Improvements attached hereto as Exhibit "A" and incorporated herein (the "Improvements"), 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. As a condition of City Council approval of the Tract Map, Subdivider shall have furnished performance and payment securities to City as a guarantee of the completion of the Improvements, as set forth in Government Code Section 66499 et sec. One class of security to be provided by Subdivider, hereinafter referred to as "performance security," shall assure the faithful performance of this Agreement including payment of associated 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 "guarantee 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. B. Subject to the approval of the City Engineer, security may be furnished in the form of (1) a deposit of cash or negotiable bonds, of the kind approved for securing deposits of public moneys with City or in favor of City, with a responsible escrow agent or trust company, (2) bonds satisfactory in form and substance to the City Attorney and executed by a corporation authorized to transact surety business in the State of California, (3) 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 to be completed, or from one or more financial institutions subject to regulation by the state or federal government and pledging that the funds necessary to carry out the completion of the Improvements are on deposit and guaranteed for payment, or a letter of credit issued by such a financial institution, and/or (4) a lien upon the Tract, created by contract between City and Subdivider, if City finds that it would not be in the public interest to require the installation of the Improvements sooner that two (2) years after the recordation of the Tract Map. The duration of any such bond or letter of credit shall be for a period of not less than one year from the execution of the Agreement or such longer period for completion of the Improvements, whichever is greater; further provided that the Subdivision Improvement Agreement - Tract 27031-1 Page 1 of 4 specifications, and as provided herein, the City Engineer shall recommend approval of private improvements and acceptance of public improvements by City. 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" or "As -Constructed," 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 resubmitted to the City Engineer. 12. Improvement Guarantee. 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 66499.7 of the Subdivision Map Act and 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, 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 hereinunder, 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 Tentative Tract Map Conditions of Approval for the Tract. In the event that any requirement or condition of this Agreement is inconsistent with provisions of the Tentative Tract Map Conditions of Approval for the Tract, which document is incorporated herein by reference, the provisions in the Tentative Tract Map Conditions of Approval shall prevail. 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 below their respective signatures. 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. Subdivision Improvement Agreement - Tract 27031-1 Page 3 of 4 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. CITY OF LA QUINTA: Tom Genovese Acting City Manager AT T S ty Clerk SU VIDER: ` , �� ADDRESS: By: By. J,Amie L. Davidson, Trustee of the e I is estamentary Trust Title: Administrative Representati� 1 GeorgeE. a Ico a, rustee o m1 1 rust Title: Admini rativRepresentative For Subdivider: 4344 W. Shaw Ave. Suite 100 Fresno, CA 93711 P.O. Box 2002 Palm Desert, CA 92281 t' • • r On this day of 19 , before me, the undersigned, a Notary Public for the State of California, did personally appear: and as , as , representing who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed hereinabove. Seal of Notary Signature of Notary Print Name Reviewed and Approved: ZL? 493 City E inee Date Subdivision Improvement Agreement - Tract 27031-1 Page 4 of 4 4 SENT BY!Kareu TeleeepiAr 7020 ; 1-14-92 :14:41,4M ; 5645617-4 19096837311--801:!! 2 Exhibit A (Rev. 1) List of Improvements, Reimbursements and Security Amounts Subdivider shall furnish required performance security and labor and materials security prior to recordation of the final map. Reimbursement amounts shall be paid the applicable party prior to issuance of a Certificate of Occupancy for any building constructed on Tract 27031-1. If payments are to be made to parties other than City, Subdivider shall furnish evidence of those payments prior to issuance of a Certificate of Occupancy. As elements of the work are completed, Subdivider may request a maximum of three partial releases of performance security. Requested releases 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. improvement Description Share of Traffic Signals at Washington/Hwy 111 Share of Traffic Signals at 47th. and Washington Share of Traffic Signals at Simon/Hwy 111 Street Improvements to North Side of Avenue 47 Total Reimbursements: Amollat. Party to he„ Rwtul sad $25,000 City of La Quinta 22,250 City of La Ouiinta 29,500 La Ouinta Redevelopment Agency 88.993 A, G. Spanos Construction $165,743 la3orQvement Drmcftio0 Performance Labor & Materiel$ Grading & Erosion Control 240,098 t 120,049 ✓ Water Transmission - 64,071 - 32,036 Sanitary Sewer - 16,170v 8,085,v Underground Electric Lines 336,525w' - 168,262✓ On -site Streets, Sidewalks and Appurtenances — 218,128' 109,084 ✓ Off -site Streets, Sidewalks and Appurtenances - 220,185 - 110,092 Drainage teach Field 2,625 1,313 4-1 Landscaping, Irrigation & Walla - 705,810 ,- 352,905 Survey Monumentation Total Security: $1,806,612 $901,806 Approval of Revision 1 to Exhibit A: Jamie L. Davidson E. George Marzicola -- 1 The city holds a previous grading performance bond in the amount of $64,527.33 which was required for issuance of a grading permit for this project. That bond satisfies a portion of the subdivision grading performance security rand';r&eNaM 4 wM wJ A 4 V t C `!A 0'11 ! . . .. .1• . . .... . . . . . - . _ . . To ' d osa I f1HQ Noinois of 0 I NUIN0 63HOld I H W08J ZZ : LT 266Z-VT-Ndt' ►TTORNEY-1 LEDGMENT State of California On this the 9th day of December 1992 ' + SS. before me, the undersigned Notary Public, personally appeared County of Riverside E . George Marz icola (name of attorney in fact), p personally known to me [j proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument as attorney OFFIC:^ for Subdivider in fact �f (name of D E B B person not appearing before Notary), the principal, and acknowledged to me 1 • NOTARY ,NIA f31 r that he (he/she) subscribed the principal's name thereto and My Comr., _ z, his (his/her) own name as attorney in fact. OFFICIAL Sz_ WITNESS my hand and official seal. DEBBIE THUIC.. ( e MY PUBLIC -CAL;D NVE WDE COUNTY Notary's Signature ted below is OPTIONAL, it could prevent fraudulent attachment of this certificate to another document. THIS CERTIACATE Titleloryp:e of Document MUST BE ATTACHED Number of Pages Date of Document TO THE DOCUMENT DESCRIBED AT RIGHT: Signer(s) Other Than Named Above a NATIONAL NOTARY ASSOCIATION • 8236 Parfet Ave. • P.O. Box 7184 • Canoga Park, CA 91304-7184 r It STATE OF CALIFORNIA ) ) SS. COUNTY OF RIVERSIDE ) On December 9, 1992, before me, the undersigned, a Notary Public in and for said State, personally appeared E. George Marzicola, Trustee of the Emidio I Trust as Administrative Representative, personally known to me (or proved to me on the basis of satisfactory evidence) 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 official seal. MWaME THUESON Notary Public in and for said State MI/ �10 • CALM�OIrwA QMMV V M► cam. �� �► R t� ►TTORNlY-1_N-FACT ACKNOWLEDGMENT State of California SS. County of Riverside Gow JL+'tICIaT. SE.- �ED=THUEV J �OT�rPLIM - CAUFC. E COUNTY JW May 2, 1 c. 1 p_ OFFICIAL SEAL t DEBBIE THUESON �� • NOTARY PUf le - CAUFORNIA MUMM December 92 On this the 9 th day of 19 before me, the undersigned Notary Public, personally appeared Jamie L. Davidson (name of attorney in fact), p personally known to me proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument as attorney in fact oy. for Subdivider (name of person not appearing before Notary), the principal, and acknowledged to me that he (he/she) subscribed the principal's name thereto and his (his/her) own name as attorney in fact. WITNESS my hand and official seal. AIVERSIOE , v� My Comm. EMM'« MW 2.1905 Notary's Signature ATTENTION NOTARY: Although the information requested below is OPTIONAL, it could prevent fraudulent attachment of this certificate to another document. Title or Type of Document THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED AT RIGHT: Number of Pages Signer(s) Other Than Named Above Date of Document p NATIONAL NOTARY ASSOCIATION - 8M6 Re=*t Ave. -P.O. Box 7184 - Canoga Perk, CA 91304-71 ; It STATE OF CALIFORNIA ) SS. COUNTY OF RIVERSIDE ) On December 9, 19921 before me, the undersigned, a Notary Public in and for said State, personally` appeared Jamie L. Davidson, Trustee of the Ralph Melikian Testamentary Trust as Administrative Representative, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged 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 official seal. MbMA MEBTi AM Notary Public in and for said State PWM WIN 1 Lill F, 00 OUTSTANDING BOND REPORT Name: George Marzicola (other Trust parties also involved) Tract No. 27031-1 Date of Contract: December 15, 1992 Required Bond Amounts: $1,806,612 - $ 901,806 Performance Labor & Materials Dates of Bond Reductions: Bond No. 59 SB 100789255 BCA 59 SB 100789252 BCA 59 SB 100789253 BCA 59 SB 100789254 BCA 59 SB 100789256 BCA 59 SB 100788251 BCA Check dated 12/18/92 9264311 Released 1 /9/95