2018.2 SR Dev Co/Stop Pmt by Urban Habitat - Partial ReleaseRECEIVED
AUG 31'0 2018
PARTIAL RELEASE OF STOP PAYMENT NOTICE — PUBLIC WORKS
Civil Code §§ 8100, et seq., and 9350, et seq. CITY OF LA QUINTA
CITY CLERIC DEPARTMENT
To Public Entity: Owner/Reputed Owner: Construa'ion Lender, if any
Name: City of La Quinta
Address: 78-495 Calle Tampico
La Quinta, CA 92253
Name: SilvorRock Devefonment Comoanv
Address: 3551 Fortuna Ranch Rd
Encin€as, CA 92024
Name:
Address:
THE UNDERSIGNED, Urban Habitat Environmental Landscapes (use correct legal name),
HEREBY PARTIALLY RELEASES AND ACKNOWLEDGES PARTIAL SATISFACTION OF THE STOP PAYMENT NOTICE DATED
March 2 , 2018 (date),
WHICH WAS AT THAT TIME IN THE AMOUNT OF $ 663.678.57 AGAINST City of La Quinta
AS THE OWNER OF THE WORK OF IMPROVEMENT OR THE PUBLIC ENTITY, OR (IF APPLICABLE) AGAINST
Contractor:
AS DIRECT CONTRACTOR FOR THE WORK OF IMPROVEMENT LOCATED AT THE FOLLOWING ADDRESS OR SITE OTHERWISE
DESCRIBED SUFFICIENTLY FOR IDENTIFICATION:
Address: 79-179 Ahmanson Lane, La Quinta, CA 92253
Description: 5ilverRock Golf Course
THIS PARTIAL REDUCTION I RELEASE HEREBY REDUCES THE STOP PAYMENT NOTICE DESCRIBED ABOVE BY THE SUM OF:
$ 406,438.57
AFTER CONSIDERATION OF THIS PARTIAL REDUCTION / RELEASE OF STOP PAYMENT NOTICE, THERE SHALL REMAIN WITHHELD:
$ 257,240.00
Dated: August 30. 2018 Name of aimant: Urban Habitat Environmental Landscapes
Firm Name
By: _
Signature of Claiman or Authorized Agent
ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA f
COUNTY OF RIVERSIDE }
TERESA ANG111.0 On f + � �' ?V 18' befQ a me,�� ,5Q 0 I O , a Notary Public, personally
a COMM. #2156814 z appears .,�• e'_I.il+r31]., who proved to me on the basis of satisfactory evidence to be
Notary Public • California o the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that
Riverside County i he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on
z9MY COMM. Expires Ame 16, 2M P the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is
true and correct
WITNESS my hand and official se
Signature �. k L�i� 1
UH Stop Notice
detail outline for partial release
Original Stop Notice (March 2 2018) 663,678.57$
Settlement Agreement amount (July 24, 2018)500,240.00$
Net reduction 163,438.57$
SDC funds held in escrow that requires City authorization 195,098.55$
SDC funds from other source 47,901.45$
Total of 1 st payment 243,000.00$
Total of 1st payment 243,000.00$
Total of 2nd payment 257,240.00$
Settlement Agreement amount 500,240.00$
Net reduction as result of settlement agreement 163,438.57$
Total of 1 st payment 243,000.00$
Reduction in Stop Notice 406,438.57$
Original Stop Notice (March 2 2018) 663,678.57$
Reduction in Stop Notice 406,438.57$
Balance (remaining amount of Stop Notice after partial release)257,240.00$
8/30/18