34653 Lennar Homes of California, Inc.
OUTSTANDING BOND REPORT
Name:
lennar Homes of California (Quail Run)
Tract No.
34653
Date of Contract: NO SIA
Required Bond Amounts:
$43,598 ~ ~i~~ ~ff\~~-t.A
Bond Company: Safeco Insurance Co.
Outstanding Bonds:
Amount:
Bond No.
Date Cancelled/Released:
$43,598 (P)
$43,598 (L&M)
6413371
same
Bond No. 6413371
Premium: $262.00
SUBDIVISION IMPROVEMENTS
Parcel Map No. 34653
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map
No. 34653 , prior to installation of certain designated public improvements required by the
Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code
Section 66462)
WHEREAS, the City Council of the City of La Quinta, State of California, and
Lennar Homes of California Inc hereinafter designated as ("principal")
have entered Into an agreement whereby principal agrees to install and complete certain designated public
improvements, which said agreement, dated . 200 ,and identified as
Parcel Map No. 34653 , is hereby referred to ana made a part hereof; and
WHEREAS, said prinCipal is required under the terms of said agreement to furnish a bond for the
faithful performance of said agreement.
NOW, THEREFORE. we, the principal and Safeco Insurance Company of America ,
as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum
of Forty three thousand five hundred ninety eiqht and 00/100 DOLLARS ($ 4~ :'i9R (1(1 ) lawful
money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our
heirs, successors, executors and administrators, jointly and severally, firmly by these presents.
The condition of this obligation is such that If the above bounded principal, his or its heirs, executors,
administrators. 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 agreement and any alteration thereof made as
therein provided, on his or their part, to be kept and performed at the time and in the manner therein
specified, and in all respects according to their true Intent and meaning, and shall indemnify and save
harmless the City, its officers, agents and employees, as therein stipulated, then this obligation shall become
null and void; otherwise it shall be and remain In full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified therefor, there
shall be Included costs and reasonable expenses and fees, including reasonable attorney's fees, Incurred
by City in successfully enforcing such obligation, all to be taxed as costs and included in any Judgment
rendered.
F201 - Performance Bond
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Bond No. 6413371
Premium: Included in
Performance Bond
SUBDIVISION IMPROVEMENTS
Parcel Map No. 34653
LABOR AND MATERIAL BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map
No. 34653 , prior to instaflatlon of certain designated public improvements required by the
Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code
Section 66462)
WHEREAS, the City Council of the CIty of La Quinta, State of California, and
Lennar Homes of California Inc hereinafter designated as "the principal" have
entered into an agreement whereby the principal agrees to install and complete certain designated public
improvements, which agreement, dated ,200_, and identified as Parcel Map
No. 34653 , is hereby referred to and made a part hereof; and
WHEREAS, under the terms of the agreement, the principal is required before entering upon the
performance of the work, to file a good and sufficient payment bond with the City of La Quinta to secure the
claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the
Civil Code of the State of California.
NOW, THEREFORE, the principal and the undersigned as corporate surety, are held firmly bound
unto the City of La Qulnta and all contractors, subcontractors, laborers, materialmen, and other persons
employed in the performance of the agreement and referred to in Title 15 (commencing with Section 3082)
of Part 4 of Division 3 of the Civil Code in the sum of Forty three thow:;and five hundred ninety eight
and 00/100 DOLLARS ($ 43.598 00 ), for materials furnished or labor thereon of any kind, or for
amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will
pay the same In an amount not exceeding the amount hereinabove set forth, and also in case suit is brought
upon this bond, will pay, In addition to the face amount thereof, costs and reasonable expenses and fees,
including reasonable attorney's fees, Incurred by city in successfully enforcing this obligation, to be awarded
and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered.
It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all
persons, companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082)
of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns In any suit
brought upon this bond.
Should the condition of this bond be fully performed, then this obligation shall become null and void,
otherwise it shall be and remain in full force and effect.
F202 - Labor and Material Bond
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