SDCo Escrow Disbursement Request 07 (2017-08-08)T1ir_
ROBERT GREEN
C O M P A N Y
August 8, 2017
Steve Howlett
CITY OF LA QUINTA
78495 Calle Tampico
La Quinta, CA 92253
via email
SUBJECT: SILVERROCK GOLF COURSE REALIGNMENT PROJECT— Request #7 for Escrow Disbursement
Dear Mr. Howlett,
As required by PSDA Amendment #2 and the attendant "Golf Course Realignment Funds Disbursement
Agreement" executed on May 10, 2017, SilverRock Development Company, LLC respectfully requests a
disbursement from escrowed proceeds in the amount of $10,002.50.
This request is for Casa Verde Golf and Landscape LLC to be paid directly from escrowed funds for project
oversight services during the period of July 16 - 31, 2017.
1 have reviewed the application and concur that the work for which this application is made is complete.
Please contact me with any questions, and thank you for your kind consideration.
Sincerely,
SilverRock Development Company, LLC
A Delaware Limited Liability company
By: RGC La Quinta LLC
A Delaware Limited Liability company
Its Managing member
By: The Robert Green Company
A California Corporation
Its Managing member
By:
Name: Jon amlin
Its: Project Executive, on behalf of Robert S. Green, President
CC: Robert S. Green
Ed Boyd
Sonya Murillo
Attachments;
SilverRock Development Company
Escrow Disbursement Request #7
August 8, 2017
The undersigned, on behalf of SilverRock Development Company, LLC hereby
requests a disbursement in the amount, and on the date, set forth, pursuant to Golf
Course Realignment Funds Disbursement Agreement ("Agreement") dated May 18,
2017 between City of La Quinta ("City") and SilverRock Development Company, LLC
("Developer").
Total balance of available funds for disbursement: $1,495,234.57
Total amount requested for this disbursement: $10,002.50
Balance after this disbursement: $1,485,251.87
Disbursement instructions as follows:
Form of payment: Check
• Amount: $10,002.50
• Payable to: Casa Verde Golf and Landscaping LLC
• Mail to: 7025 E Greenway Pkwy #550, Scottsdale, AZ 85254
Developer hereby represents and warrants to City that:
1. The requested disbursement shall be applied to pay costs in accordance with
the itemized payment request attached.
2. All costs shown in prior Disbursement Requests are authorized in the
Agreement, Developer has received valid conditional or unconditional lien
releases or waivers from all contractors, subcontractors and materialmen
with respect to all payments made for work and materials if the work or
materials could give rise to a mechanic's or a materialmen's lien against the
Property, and Developer has no knowledge of any mechanic's lien claims
against the property.
3. The attached payment request is an accurate and complete statement of all
amounts previously paid or now due and all amounts expected to be incurred
in connection with the completion of the work.
4. All representations and warranties in the Agreement and the other
agreements and/ or documents executed by Developer with respect to the
Project are true and correct as of the date of this request as if made on as of
the date of this request.
No default by Developer remains uncured, and no event has occurred which, with
the giving of notice or the passage of time or both, would constitute a default by
Developer.
Date: 61q117
Developer
Designated Representative
PAYMENT APPROVED:
Steve Howlett, Facilities Director, City of La Quinta
APPROVED FOR PAYMENT
JG - 8/08/2017
1 APPLICATION AND CERTIFICATION FOR PAYMENT
j TO OWNER SDaerRoek Development Compsdyr LLC PROJECT-SffmPodt Bound
clo YTe Ruben Groan Caaopany 79179 Ahmmcon Ln
1551 Feneno Rnoch Road La Quints, CA 92253
Sncinitu, CA 92024
Comas: Mr. John Oamlln
FROM CONSULTANT.'C—Vad.CoVmdLvndtaptgLLC VIA ARCHITECT'
7025 E Onenway Pkwy 0550
Scomddo. AZ 95254
y CONTRALTFOR: OolfCoam RedlRnment- Consultant
CONSULTANT'S APPLICATION FOR PAYMENT
ApplWuoa le nude for p.ymmt. as shown below, in eomecdoo wM dm Contma
Cond—don SbaK Do.=" 0703, is auehed.
i
i I. ORIOINALCONfRACISUM
S
76.010.00
i 2. Netd=pbyCbange O+dms
s
3. CONTRACT SUM TO DATE ([Jae 1 s2)
4. TOTALOOMPIFIEDRSTOREDTO
a
I11W1'1t111
DATE (Colo m G m O/03)
5. RFTAINAOE
a. ofCAvLplctd W.A S
O¢
0
WF D+1 oa G70))
b. 0%ofStomd MataW S
0
(Ngan Foo GM)
Toml Raalosm (ll=Sa+Sb or
Total to Coloran I of Of03)
S
0.00
6. TOTAL EARNED LESS RBTAINAOS
S
000) .0.50
(floe 4I.= line 5 Tatd)
7. LESS PREVIOUS CERTIFICATES FOR
PAYMMTCURRETTPAAYYMPM'DUE 6fiampdarCertlllam)
}qqQ�pt�+
i &
S
Ay
9. BALANCE TO FINISH, INCLUDING RETAINAGE
S
Itf,GaL'lU
(Um 31— Line 6)
' LL•�riA�.l{l�la ll/%{1]�FJ�I'p]a1UMMII%i
AIMMIuMb
d.*XA.JNJtr1
i roal aa7lmtQ�loueq
eem[A Alll, ntC
iV.OB
5(1.6o-
r et appto RZa Ra m s
VCoan lee l
I
WAG
$0.09
TOTALS
$0.00
S0.00
NHT CHANGES by Ohmae Order
SROD
50-00
DOCUMENT032015
eaOE ONEt7F +� J�
APPLICATION NO:
3
Disutbedon lo:
APPLICATION DATE
07/27/17
X
OWNER
PERIOD TO:
07128117
ARCJlrMCTB:
PAYN=ff DU
OSI07/17
CONTRACTOR
PROJECT NOS:
I
CONTRACT DATF June M- 3011
I
The uodaoptd Cmwlmm andllu dua to the ben of the Conmlanys lomwladge,
ufermedm and bdmf din work covered by dds Application for Prymmt hat been
cooplamd In wmdaoa with the Ctamera DwumenaN dsa W ammm beve boor pod by .3
Lb. Camnlmd fw Wak fwwbU Wovloa CmtfkLtm for Peymad Mae 4w.d and
payments walved from dm Owner, and ma sorest payment sboaw basin is new der.
CONSULTANT: �s�a.�../7 Can Verde Golf and La>dxVft LLC
By: — e Dam: JdY27.2017
I
: HLET
S tiv r, rRo h Demdopmaot Company, LLC
APPLICATION NO.
3
APPLICATION DATE
PROJECT NO:
P ERI O D TO:
1
` A B
C:
U
WORM
E F
WORK MATERIALS
G
50TAL
ITEM
SCHEDULED
FROM
COMPLETED PRESENTLY
COMPLETED
NO. WORK
VALUE
PREVIOUS
APPLICATION
THIS PERIOD STORED
ANDSTORED
TO DATE
fD+
(...116,E)
fD+
� n!ogj�Iznaon a pa�,�
2 �y ns,russ��4p r gyp,+ +nnt
Fcr+kp 6�n"afi Wo�onou{ens]ws
s e.+ o,
5 rB, yg$
i' ' , 'f=KLt
�S aSrw
r. �50 �
�
I � io12�
y�� s
N- A
�i'ODo.oD 3
°� _
` -•50
SDO-TUTAL S $
r.00b.00 5
iG,."I",
Pas-) I ar 1
OTWI17
a7 2WI7
F]
1
%
BALANCE
TO FINISH
7s.QOU
ii
tgq�pq�r
S
�a,naa.sa,