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29963 Coral Mountain CourtCITY OF LA QUINTA SUBDIVISION IMPROVEMENT AGREEMENT TRACT NO. 29963 ON -SITE IMPROVEMENTS THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreeme C) is made and entered into this 4t-- day of 3 20 Q by and between Bruce R. Baumann, Janiffer A. B umann, and Baumann Family Trust, 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 las 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. 29963 (the "Tract") pursuant to the provisions of Section 66410, et sec. of the California Government Code (the "Subdivision Map Act"). +r B. Prior to ap Droval of (he Map, Subdivider is, required to install or agree to install certain public and. private imp ovements (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, THERE ORE, it is agreed by and between the parties hereto as follows: 1. Improvement Plans. Prior to submittal of the Map for approval by the City Council, Subdivider shall furnish original improvement plans meeting the requirements of the City Engineer. 2. Improvements. Subdivider shall construct the public and private street, drainage, utility, landscaping, and other improvements required to be constructed or agreed to be constructed under this Agreement as listed in Exhibit "A", and shall bear the full cost thereof. The methods, standards, specifications, sequence, and scheduling of construction shall be as approved by the City Engineer. 3. Improvemelnt Security. A. One cl ss of security to be provided by Subdivider, hereinafter referred to as "performance securi ," shall assure the faithful performance of this Agreement including construction of the Improv ments, payment of Subdivider's fair share of Improvements which have been or.will be constr cted 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 Improv ments for a period of one year following the completion and acceptance of the Improv ments. Subdivider shall furnish performance and payment security prior to and as a conditi n of City Council approval of the Map. Subdivider shall provide warranty security after Improv ments are complete and accepted by the City Council and prior to or concurrently with the fin I release of performance security. Warranty security shall not be required for Monu entation or Participatory Improvements. However, the City may utilize Monumentation Securit for performance of or payment for the work in accordance with the Subdivision Map Act. As pa 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 ir clude and assure the payment of costs and reasonable expenses and fees, including reason able attorney's fees, incurred by City in successfully enforcing the obligations thereby 29963 ONSITE j Page 1 of 7 B. Improv ment security shall conform with Section 66499 of the California Government Code and one or ore of the following: ' 1) A c�sh deposit with City or a responsible escrow agent or trust company, at City's option. 2) Su ety 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 (lat st version). 3) Ce ificates of deposit, in City's name, from one or more financial institutions subject to reg ilation by the state or federal government and having a financial quality rating of "A" or bet er and a commitment reliability rating of "R-2" or better on the Investment Data Exchange (of he Los Angeles County Treasurer's office). 4) IrrE vocable letters of credit, issued by one or more financial institutions meeting the req irements of Paragraph (3), pledging that the funds necessary to carry out the completion of he Improvements are on deposit, guaranteed for payment, and constitute a trust fund wh ch is not subject to levy or attachment by any creditor of the depositor until released by Cit f. 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 ne d 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 froin 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 exF iration or until sixty (60) days after City receives notice from the financial institution of intc nt to allow expiration of the letter of credit. 5) A I en upon the subdivided property, if City finds that it would not be in the public interest to re . uire 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 col ateral 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 pr fits 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 Sec,tion 16430 of the California Government Code, deposited, at City's option, with City or a re ponsible escrow agent or trust company. C. All securities shall be furnished in accordance with the provisions of Exhibit A. The amount of the perforniance 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 Ci Engineer or a duly authorized representative of the City Engineer. The amount of Payme t security shall equal the amount of the amount of performance security, except as otherw se set forth in Exhibit A, and shall be furnished as a separate security. Warranty security shall a ual Ten Percent (10%) of the amount of performance security except as otherwise set forth in Exhibit A. D. At the ime of submittal of security, Subdivider shall pay to City administrative fees applicable to the fo of security provided. Administrative fees shall apply to the subdivision (final map, parcel map o waiver of parcel map) rather than to individual security instruments. The fees shall be paid s parately 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 29963 ONSITE I Page 2 of 7 warranty security if the warranty security is of the same form and from the same source as the perfomiance 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) Fo liens on real property as described in Paragraph 5) of SECTION 3.6., for which City will pr pare lien agreements and subordination agreements, administer valuation of the real pr perty and administer the agreements over the life of the lien, all of which require legal as istance 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 Fiv Hundred Dollars ($500.00) nor more than Five Thousand Dollars ($5,000.00). 3) Fo� 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 Subdiv der's share of the cost of the Participatory Improvements. Payment security and warranty secud shall not be required for Participatory Improvements. Upon written demand from City, Subdivider shall deposit cash with City in lieu of or in replace ment of security guaranteeing Participatory Improvements. If Subdivider fails to deposit said cash within 30 days of the date of the written demand from City, City may present a written deman to Subdivider's Surety for payment of said cash and Subdivider's Surety shall pay to City the les er of: 1) the amount demanded, or 2) the amount of the security. F. Securit shall not expire, be reduced or become wholly or partially invalid for any reason, includi g 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) . Pe ormance security shall be released upon the final completion and acceptance or ap roval, by the City Council of the Improvements subject to the provisions of paragraph B. 2) Th City Engineer may authorize partial reduction of performance security as work pr resses, upon application by Subdivider. However, no such reduction shall be for an am unt less than Ten Percent (10%) of the total performance security provided for the faithful pe ormance of the act or work. In no event shall security be reduced below that required to gu rantee the completion of the act or work or obligation secured, plus Ten Percent (10%). Th City Engineer shall not allow more than two partial reductions of security furnished for an improvement agreement. 3) M'divider's icipatory Improvement security shall be released upon payment by Subdivider of 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 Ma 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 29963 ONSITE I Page 3 of 7 irity shall be retained until the outstanding requests are satisfied or until Subdivider has e other arrangements satisfactory to the City Engineer. 4. Permits Required. Prior to commencing any phase of work, Subdivider shall obtain all permits required 'fo that phase of work and pay all required fees. Work performed under a permit or permits shall comp y with all provisions of the required permits. 5. Off -site Im rovements. When the construction of one or more of the Improvements requires or necessita s the acquisition of real property not owned by Subdivider or City, Subdivider shall use its best effo purchase such real property at a reasonable price. In the event that Subdivider is unsuccess ul, despite its best efforts, to acquire such real property at a reasonable price, Subdivider may reque t 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 a reement shall provide that Subdivider advance to City One Hundred Fifty Percent (150%) of the appr ised fair market value of the real property. Any unexpended portion of said advance shall be refunde to Subdivider. Any additional funds required for acquisition of the real property shall be paid by Su divider to City upon the conveyance of said real property to Subdivider. In no event shall the failure f Subdivider or City to acquire such real property excuse, waive, or otherwise terminate Subdivider' obligation to construct the applicable improvement pursuant to this Agreement or the Conditions f Approval. 6. Completion of Im rovements. 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 Impro ements within the specified. time periods shall constitute cause for City, in its sole discretion e nd when it deems necessary, to declare Subdivider in default of this agreement, to revise improvernerit security requirements as necessary to ensure completion of the improvements, and/or to require odifications in the standards or sequencing of the Improvements in response to changes in standard or conditions affecting or affected by the Improvements. Said failure shall not otherwise affect the v lidity of this agreement or Subdivider's obligations hereunder. 7. Force MaN ure. 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 ev nts 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 condit on of the time extension, Subdivider shall furnish securities, similar in form and substance to those re juired 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 Improvemeots. 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 monurr ents have been set, evidence of payment and receipt thereof by the engineer or surveyor setting the onuments, and intersection monument tie -outs for monuments set in public streets. 10. Final Acce tance of Improvements. At the completion of.construction and prior to acceptance of the Improveme is by City,. Subdivider shall submit a request for final approval by City. The request shall be accom anied by any required certifications from Subdivider's engineers or surveyors, approval letters fron, 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 previou ly submitted. 29963 ONSITE I Page 4 of 7 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 reco mend acceptance of the Improvements by the City Council. 11. Revisions o 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 depic t the actual Improvements constructed. When necessary revisions have been made, each separates eet of the plans shall be clearly marked with the words "As -Built," "As -Constructed," or "Record Drawing," the marking shall be stamped by an engineer or surveyor, as appropriate for the improveme its thereon, who is licensed to practice in California, and the plans shall be resubmitted to the City Engineer. 12. Im rovement Warrantv. 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 defecti te 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. Cily Right t Cure. If Subdivider fails to perform any obligation hereunder and such obligation has not been perfo med within sixty (60) days after written notice of default from City, then City may perform the obligati n, 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 9f 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, clai s, demands, actions, or causes of action of any nature whatsoever, arising out of or in any way onnected with Subdivider's performance herein under, including costs of suit and reasonable attorneys' fees. 16. No,Modific tion of Conditions. This Agreement shall in no respect act to modify or amend any provision cf 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. Severabilit . In the event that any provision or provisions of this Agreement are held unenforceable, all Drovisio s not so held shall remain in full force and effect. 18. A. All noti es pursuant to this Agreement shall be in writing and shall be personally delivered or sent by reg stered or certified mail, return receipt requested, to the parties at their respective addres es indicated hereon. Notices personally delivered shall be effective upon delivery. Notice mailed as provided herein and sent postage prepaid shall be effective upon the date of delive or refusal indicated on the return receipt. Either party may change its address for notices hereun er by notice to the other given in the manner provided in this subparagraph. B. The te2ecutors, s, conditions, covenants, and agreements set forth herein shall apply to and bind the heirs, administrators, assigns, and successors of the parties hereto. 29963 ONSITE I Page 5 of 7 C. Neither party to this Agreement relies upon any warranty or representation not contained in this Agreement. D. This A reement shall be governed by and interpreted with respect to the laws of the State of Califor ia. E. In the vent of any dispute between the parties with respect to this Agreement, the prevailing party s iall be entitled to prompt payment of its reasonable attorneys' fees from the non -prevailing party. F. Any fai ure or delay. by either party in asserting any of its rights and remedies as to any default shall n t operate as a waiver of any default or of any such rights or remedies provided for hereun Jer. IN WITNESS HEREOF, 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 Qui ta, CA 92253 7 0/77 -7075 2/ =/ C" a Thomas P. Ge ovese, City Manager ATTEST: City 61s ­- SUBDIVIDER: By: By: By: Bruce R. IBaumann Date Ace R. Baumann, Trustee (Baumann Family Trust) uraann, Reviewed and , pproved: ♦ w 9 ty Enginej U Approved as to Fort* City Attorney (Baumann Family Trust) Date Date Bruce R. Baumann Janiffer A. Baumann Baumann Family Trust 44-239 Monterey Avenue Palm Desert, CA 92260 Date 6C/y//0 3 Date -7L361o_ Date e/ le) 3 Date 29963 ONSITE I Page 6 of 7 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California ss. County of e on- ` ?jQ before me, QK Date Name and Title of Officer (e.g., "Jane Doe, Notary Public'") personally appeared �C S1 Ce � • � Name(s) of Signer(s) Y.personally known to me ❑ proved to me on the basis of satisfactory evidence PAMELA J. W MW ER Commission # 1240166 Z Notvy Public- Calffornia z Fiverside County My Corrm Dies Oct 30, 2003 to be the person whose name) is/4K subscribed to the within instrument and acknowledged to me that he/ Ny executed the same in his/13-AAK authori ed capacity(' , and that by his/r�itl signature on the instrument the personftj, or the entity upon behalf of which the personkj acted, executed the instrument. VNESS my hand and official seal. Signat4e Notary Public OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: ` ' Document Date: �03 Number of Pages: -- Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer Signer's Name: ❑ Individual ❑ Corporate Officer — ❑ Partner — ❑ Limitec ❑ Attorney -in -Fact Title(s): ❑ General ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representi RIGHT THUMBPRINT OF SIGNER 01999 National Notary Association - 9350 De Soto Ave., P.O. Box 2402 - Chatsworth, CA 91313-2402 • www.nationalnotary.org Prod. No. 5907 Reorder. Call Toll -Free 1-800-876-6827 1 C. CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of CALIFORNIA County of SAN DIEGO _ On U.. '�' before me, Date i r personally appeared (AINO JACRLYNN HAVIGHURST, NOTARY PUBLIC Name and Title of Officer (e.g.. "Jane Doe. Notary Public") of Signer(s) ❑ personally known to me — OR proved to me on the basis of satisfactory evidence to be the person whose name(j) is/afe subscribed to the within instrument and acknowledged to me that- a/she%#Izey executed the same in I49/her/tkoif authorized capacity(iles), and that by jiws/her/their signature(s) on the instrument the person(p), or the entity upon behalf of which the person() acted, JACKLYNN HAVIG,HURST W executed the instrument. comm. *1376647 VW)TAW KMJC4 m $24,� �,�WITNESS my hand and official seal. Ar Signatu of Notary Pub1' OPTIONAL ^` it may prove valuable to persons relying on the document and could prevent Though the information below is not required by law,? fraudulent removal and reattachment of this form to another document. 1^ Description of Attached Document Title or Type of Document:` v ��► ° r`vv``�" l; Document Date: � ! �'��' Number of Pages: c Signer(s) Other Than Named Above: .. Capacity(ies) Claimed by Signer(s) Signer's Name: El El Individual Corporate Officer Title(s): Partner — ❑ Limited ❑ General Attorney -in -Fact Trustee Guardian or Conservator Other: Signer Is Representing RIGHT THUMBPRINT OF SIGNER Signer's Name: Eli J U Individual Corporate Officer Title(s): Partner — ❑ Limited ❑ General Attorney -in -Fact Trustee Guardian or Conservator Other: Signer Is Representing: RIGHT THUMBPRINT OF SIGNER •• of 0 1995 National Notary Association - 8236 Remmet Ave., P.O. Box 7184 - Canoga Park, CA 91309.7184 Prod. No. 5907 Reorder: Call Toll -Free 1-800.876-68 Exhibit A SECURITY — TRACT NO 29963 ON -SITE IMPROVEMENTS Improvements designated as "Participatory" have been or will be constructed by others. Security for Participatory Improvements shall remain in place indefinitely until called upon or released by City. monumentation security shall guarantee performance of or payment for the work and shall be utilized or released as sp cified in Chapter. 4, Article 9 of the Subdivision Map Act. As elements of the work are completed, Subdivider may request a maximum of two partial releases of performance ecurity. Partial releases shall be for not less than ten percent (10%) of the total performance s curity 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 & matey als security shall remain in place until 90 days after all required tract improvements are complete and ccepted by the City Council. Improvement bescription Performance Labor & Materials Grading Street & Storm Drainage Improvements Domestic I Sanitary S Monument Dry Utilities (Eli Subtotal of Im Professional FE Subtotal of Im Contingencies Standard Conti Grand Total (E , Construction (10%) rvements with applicable incy (10%) d Amount) $ 113,009.75 $ 41, 838.50 $ 22,480.00 $ 18,447.25 $ 2,000.00 $ 26, 598.00 $ 224,373.60 $ 22,437.35 $ 246,810.85 $ 24,681.08 $ 271,491.93 $ 113,009.75 $ 41, 838.50 $ 22,480.00 $ 18,447.25 $ 2,000.00 $ . 26, 598.00 $ 224,373.60 $ 22,437.35 $ 246,810.86 $ 24, 681.08 $ 271,491.93 29963 ONSITE I Page 7 of 7 OUTSTANDING BOND REPORT Name: 29963 Tract No. Bruce & Janiffer Baumann (Baumann Family Trust) Date of Contract: July 30, 2003 Required Bond Amounts: Grading Streets/Drainage Water Sewer Monumentation Dry Utilities Prof. Fees Construction Stand. Contingency Dates of Bond Reductions: $113,009.75 performance/labor materials $ 41,838.50 same $ 22,480.00 same $ 18,447.25 same $ 2,000.00 same $ 26,598.00 same $ 22,437.35 same $ 24,681.08 same Outstanding Bonds and Bond Company: Developers Surety & Indemnity Co. Amount: $271,492 $271,492 Bond No. Date Cancelled/Released: 828218S same $ 7,500 (PM 10) 828217S 07;1012003 1 S . 45 FAX 7607777155 La WINTA PJD WKS @ 093;40e SUBDIVISION IMPROVEMENTS Tact Map No. .29963 PERFORMANCE BONO BONDiNUMBER: 828218S PREMIUM: $63,516.00/2 YR TERM �NOW ALL MGN BY THESE PRESENTS: THAT the City Coundi of the City Q(La Cwinta has approved the linos MAP Poe t'f k>ia No. 29963 prior to i ntelw6an of car; air dt►bignated public improvements requb*d 6y the GQndi bras Approval 1w the subject map, 'n acoordanee with um Cali(Ornta Mill) Act (Govammem Coft Seclon t1fir462) yyF1 f EitS ow city Cou�n_ciJ or the C�'qr W !�to, slaw of California, and BRUCE R BAUMANN 9 JANIFFER A B �, BAUMANN FAMILY �`KUST hereinafter designated its ("prIndpW') ve Ontered into s-t afreerneM wSweby grin asrsas to tat and complete certsin designated p j:)W imp�ements, wni �y apreet-net detail 7 11 1*003 . and identified as Tract Mop No. Syb . is hereby »tarred to snd 6w* a part hmwji: and WHOREAG, acid wine -pal is required under the tsrms of said agmement to (urnisrt a Mond fcv the ftithM perlwmanco of said agreernent. NOW THMEFORE." the prindpW and DEVELOPERS SURETY AND INDEMNITY .COMPANY ow wvra r, are held ona Arndt' bOund urt a the City tea utnta era a r t;' �'Cityr), in • Penal stun of. TWO H RED SEVENTY ONE THOUSAND** DOLLARS ($ 271. 492.00 _)bVVI.4 moray ura" Stems, tot ft paonwt sum Wand truly to be made, vm bind Otuselves, our l art. auccew s, executors end adrrirr'strowts, jo'n;ly and severally. ttrMly by these prO`enta, i **FOUR HUNDRED NINETY TWO The condlion d tl%Js ob!9allon is such MI if ttte Obwe batcrdod prtnc�p0.. his ar its heirs, n.�oruw�, adrnWskretors, successors or assigrs, shots In s.l **W tilsnd to and abide by. end wen and uWy kD ap and perform the covenants, cortdipons aid proviso in the said a8rar rnant and any altereflo) thwsQt M41" as therein provided, on his or their P&M :o be kept and Warnwd at the tarty and in the mwner thanOn dpeci! ed. and in all resDecxs accard�g to their mw intent and ream. and shall indemnity and save twmltes the Cdy. its oSxn ra, Egaand amployeet, as inowein v1pulated. tree, this obigatial shalt become null and w'd: etherwtss tt shelf be and ramain in NN fame and a wt. As a port of the obigatico seew*d hereby and in adiMion to the face 2rnount specoied 1hei efor, fire shot be included asb and reasonable rrxpensts and tees, including reasonablo attameV$ f0wl, incurred by City in successF•Ny OMorur►g :uGh vbtigaUen, all to be tax" as caste and included in any 16d2rnr'nt rendered, Ful -% tmrtcs tMnM PaOp 1 2 r at/16/2003 !15'06 FAX 7007777155 BOND HUNDRED NINETY LA QUINT` PUB OKS SUBDIVISION IMPROVEMENTS Tract Map No. 29963 4boo sioo6 LABOR AND MATERIAL BOND NUMBER: 828218S PREMIUM: INCLUDED WITH PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS; THAT, the City coour" or the Ctiy of La Qulrrte has approved the fins! map for Tract Nap Nc. 29963 . prior W initaNadon or Colvin designated public Improvements roquisaed by the Cor+dstaor 4 d Approve! o�c trie sub jW mep, in accordance with the California Map Art ((3ovemmW. Code Section NA67) WHEREAS, me City Ctxmcil of the City at L& QuWa. State of Caliramia, and BRUCE R BAUMANN., JANIFFER A BAUMANN, BAUMANN FAMILY TRUST lWalneRer destgFtated is'tho pdnciDa.'` have britKad inA an agreement wn:riby iha p at og�in" and complete Wain deoignated public irnprowlewmc, whICIN a t. 4atee 7 , 200. end identlF a a Tract Mop No. 29 63 , it hto and Made a part hc•eo+; and I WHEREAS, under the terms of the ■groement, the principal is roauirea before enfermy Vpon the performance of 2% work, to file a good and ustnaent payment bond rrlth the City of La Quints to secure thi claims w which (efore-Am is rru de, in TRIO 15 (cbrnmencl:rg wsh Section 30$2) of Pan 4 of Division 3 01 the '1 Coda of the Stole of Cal&rnis. NOW, THRIWORE, the principal VW the vatdersrigned ai sorporate stm:ty, am bald frM(y hound wpta tno City of Le QUTAU ins all cotttraMM subcontractoors, laborers, rnetenalmvi end other pe eam s+ttgcyed In the perfor once of the agreement and referrec to in Title 15 (emmencing with Section 3082) c PaA 4 of Diyli;m 3 of the Civil Code in Me aim of TWO =RED SEVENTY ONE THOUSAND FOUR TWO DOLLARS (s 271.492.00 1, for e►t d Cr labor thereon of any 10nd. or for ants Clue undkr he Unarnplayrnent Ina ame Act wild reepecl to ibis work or labor, Met eta surety will pay the earn in an arnourtt net axcsedir►9 the amount hershubm# sat forth. and also ir. rase suit is breugm upon this bons!. *0 pay, in addition to the Lace amount tfooW. aasW and reasonable expenses and fens. in reasonable attomey' a fees, inaLrned by CNV in sjeeess" snforcing has obl 0a6on. to be tswsaroad old fted by the court, and to be taxed n costs and to be Included in the judgment therein rendered. It is %reby expressly slbulsted and rgrood that this bond she!! aturc to the benefit of any and aft parsons, wmpv4t. and acrporalion, "ded to hie claims under Tice 15 (c ommendriV valli Section 302) of Port 4 a* Dlvi$ion 3 of the C.W Code, so as to g ve a right of action to them or their aasVgns in any suit brought upon Wt bond. Should 1M1 eondj%oA of this bona be fu4y ped(omx4. then tnla oC119ation shall become nUF 3W void, z0 wise h shall be and rernsin in full force and offoot. FT, Low MC MWIN %ft Page 1 Of 2 i BOND NUMBER: 828217S I i FAITHFUL, PERFORMANCE BOND (LQMC 6.16) PREMIUM: $180.00/2 YR TERM Fugitive Dust Control Bond WHEREAS. the City of La Quinta. California, is prepared to authorize BRUCE R BAUMANN, BAUMANN, BAUMANN FAMILY TRUST . as Principal. to proceed with certain construction activities pursuant to one, or more permits issued by the City, for various infrastructure improvements and/or structures on. or associated with, privately -owned property generally known to the City and others 95 TRACT 29963 .. ; and JANIFFER A WHEREAS, all such construction and demolltlon activities must be parformod in such manner as to conform with Le Quinta Municipal Code, Chaper 6.16, entitled Fugitive DU9f COnlrol to reduco fugitive dust and corresponding PM10 emissions; and WHEREAS, sold Principal is required by LQMC 6.16.050(A)(4) to ensuro that Fugitive Dugt Control Plan e , prepared spocifically for the subject construction site, Is financially secure by furnishing securky for the faithful performance of the dust control activitities required In the Fugitive Dust Mitigation Plan. `! NOW, therefore, we the PrInelp..-II and DEVELOPERS SURETY AND I COMPANY as Surety are held and bound unto the City of Le Quints. as Obligee. in the penal sum of SEVEN fA6USAND F� HUNDRED of which sum well and truly Dollars (i , 500.00 ) laves money of the United States, for the payment to be made, we bind ourselvoc, our heirs, successors. executors and administrators, jointly and sovorally, firmly by th�se presents. The condition of this obligation Is such that if the above bonded Principal, his or its heirs. executors. administratim, successors or assigns, shall in all things stand to and Abide by, and well and truly keep and perform the covenants, conditions and provisions in the said dust control plan and any alteration thereof made as therein provided. on his or their part, to be kept and performed at the lime and In the mennar thgroin specified, and in all respects according to their truo intent and meeninp, and shell indemnify and save harmless the Obligee, its officers, agents and employees. as therein stipulated, then this obppat�m shall become null and void; otherwise, it shalt be and remain In full form and offoct. As a part of this obligaton cncured hereby and in addition to the face amount specified therefor, thorn ees, In shall be inducted costs site ressonabie oxponsos and rees. including tad asreanab/ co-sts. tt included m�� by the Obligee in successfully entorcinp such obitgetlon, all judgement rendered. The surety hereby stipulates and agrees that no chngeextension hernder oof o.thleoration of ndsrtlon to the terms of the dust control plan or to the work to be performed accompanying tho same shall in anywise affect its obligation on this bond, and K does hereby waive notice of any such change, oxtonsion of time, alteration or addition to the terms of the dust control plan or to the work, the specirwa Ions, or the conditions of approval of said plan. Page 1 of 2 nst