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30147 One Eleven La QuintaCITY OF LA QUINTA SUBDIVISION IMPROVEMENT AGREEMENT Parcel Map 30147 THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this 12 -ti day of .�'e.�Gr 6ae- , 20 by and between One -Eleven La Quinta Center, hereinafter referred to as "Subdivider," and the City of La Quinta, a municipal corporation of the State of California, hereinafter referred to as "City." RFCITAI S- 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 Parcel Map 30147 (the "Tract") pursuant to the provisions of Section 66410, et sec. of the California Government Code (the "Subdivision Map Act"). B. Within one year of the recordation of the Map, the Subdivider is required set survey monuments as shown on the recorded map. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: Monumentation Security. A. Monumentation security shall conform with Section 66499 of the California Government Code and one of the following: 1) A cash deposit with City or a responsible escrow agent or trust company, at City's option. B. 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 the furnishing and installing the monuments. C. 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. D. Security shall be released in the following manner: 1) Performance security shall be released upon the final completion and acceptance or approval, by the City Council of the Improvements subject to the provisions of paragraph B. 2. Survey Monuments. The 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. 3. Release of Security. City shall retain and release securities in accordance with the provisions of Section 1 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. T:\PWDEPT\STAFF\Monz\PM 30147 SIA.wpd Page 1 of 3 4. 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. 5. 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. 6. 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. 7. 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. 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\Monz\PM 30147 SIA.wpd Page 2 of 3 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 O -Z— Thhomas P. Genovese, City Manager r Date ATTEST: 7ity Clerk SUBDIVIDER: One -Eleven La Quinta, LLC 46-753 Adams Street La Quinta, CA 92253 (760)771-3345 Attn: Michael Shovlin — � Date Title: �` ��,--t•-f `` �-' By: Date Title: Reviewed and Approved: it Engineerj Date Approved as to Form: i y A to ey Date T:\PWDEPT\STAFF\Monz\PM 30147 SIA.wpd Page 3 of 3 Exhibit A SECURITY - PARCEL MAP 30147 Except as otherwise provided herein, Subdivider shall furnish performance security prior to agendization of the Map for approval by the City Council. Monumentation security shall guarantee performance of or payment for the work and shall be utilized or released as specified in Chapter 4, Article 9 of the Subdivision Map Act. Improvement Description Performance Monumentation $3,000 Total: $3,000 ALL-PURPOSE ACKNOWLEDGEMENT State of California County of Riverside Oil September 05, 2002 )oArl:) personally appeared Michael SS. before me, Lisa M. Webb r�o'InRY) J. Shovlin SI(iKI[R)S) ,)(personally known to me - OR - LISA M. WEBB Comm, # 1224609 rn PIOTARY PUBLIC CALIFORNIA V' Riverside County Ny Comm. Expires June 15, 2003 proved to me on the basis of satisfactory e ' erice to be the persons) whos�me(s) is/are . scribed to the n instrument and acknowledg to m at he/she/they executed the same i s/her/their authorized capacity(] s), and at by his/her/their signatu - s(s) on the instru ent the person(s), or t entity upon behalf which the person(s) acted, executed the instrument. OPTIONAL INFORMATION The information below is not required by law. However, it could prevent fraudulent attachment of' this acknowl- edgement to an unauthorized document. CAPACITY CLAIMED BY SIGNER (PRINCIPAL) DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL CORPORATE OFFICER FFrLF(S) PARTNER(S) ATTORNEY IN -FACT TRUSTEE(S) GUARDIAN/CONSERVATOR ❑ OTHER: SIGNER IS REPRESENTING: NAM Of; PI:RSON(S) OR I:N"F JTY(II[S) Subdivision Improvement Agreement Parcel Map 30147 TITLE OR TYPE OF DOCUMENT Three NUMBER OF PAGES September 05, 2002 DATE OF DOCUMENT OTHF'R r RIGHT THUMBPRINT a OF E SIGNER o a 0 APA 5/99 VALLEY -SIERRA, 8(H)-362-3369 OUTSTANDING BOND REPORT Name: One Eleven La Quinta Center Parcel Map No. 30147 Date of Contract: September 17, 2002 Required Bond Amounts: Monumentation $3,000 Dates of Bond Reductions: Outstanding Bonds and Bond Company: None Amount: Bond No. Date Cancelled/Released: $3,000 Check #1379 (Deposited in Finance 9/26/02) ...+.. 1 1111CJ UCVCLUh'iWir-N1 1379 CITY OF LA QUINTA, DATE: 09/05/02 CHECK # 1379 REFERENCE: AMOUNT: 3000.00 17/ / 7/0�� 6 it i Cv--L'f�� LA QUINTA, CA 92253 PH. (760) 771-3345 Three Thousand & 00/100 Dollars CITY OF LA QUINTA P.O. BOX 1504 LA QUINTA, CA 92253 II'OO L 3? 9e 11: 3 2 2 2 ?0 4 9 51: DATE 09/05/02 90-7049-3222 1 .i / y 0 AIAOUNT $ ... 3,000.00 VOID AFTER 90 DAYS ?3nL00 SII' 94ilo RECEIPT City of La Quinta, 78-495 Calle Tampico, P. O. Box 1504, La Quinta CA 92253 DATE c} - 20 ` t� J RECEIVED FROM Jl c j J pya�� J- k- YiL_ ADDRESS DOLLARS $ FOR /1 i ACCOUNT HOW PAIDAMT. OF ACCOUNT CASH AMT. PAID CHECK ALANC -MONEY BY DUE ORDER