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SDCo Escrow Disbursement Request 19 & 20 (2017-11-08)THE ROBERT GREEN C O M P A N Y November 8, 2017 Steve Howlett CITY OF LA QUINTA 78495 Calle Tampico La Quinta, CA 92253 via email SUBJECT: SILVERROCK GOLF COURSE REALIGNMENT PROJECT— Requests #19 & #20 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 per the attached requests. This request is to directly compensate two parties for services performed during the SilverRock Golf Course Realignment Project: (1) RSC Creations (Request #19) — payment of balance due for monument signage for realigned golf course — materials delivered and installed by Landmark; and (2) Casa Verde Golf (Request #20) — payment to CVG for golf construction oversight. I believe this will be CVG's final invoice. I have reviewed the applications (attached with Disbursement Request forms) and concur that the work for which these applications are 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: John in 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 #19 November 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: $405,703.68 Total amount requested for this disbursement: $6,000.00 Balance after this disbursement: $399,703.68 Disbursement instructions as follows: • Form of payment: Check • Amount: $6,000.00 Payable to: RSC Creations Mail to: RSC Creations 422 NW 13th Ave, #721 Portland, OR 97209 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: 11/10/2017 Developer Designated Representative PAYMENT APPROVED: Steve Howlett, Facilities Director, City of La Quinta All signs delivered and installed by Landmark Golf - OK to pay - JG 11/08/2017 RSC Creations 422 NW 13`h Ave #721 Portland, OR 97209 September 26, 2017 Silver Rock Development Co. 3551 Fortuna Ranch Road. Encinitas, CA 92024 Attn: Robert Green INVOICE E-128-1 Sixteen stone signs. $9,150.00 (Nine thousand one hundred and fifty dollars) Freight. Deposit Ck# 1139 Amount due upon dlivery. Sincerely, Randall S. Carlson RSC Creations $1,425.00 $4,575.00 $6,000.00 SilverRock Development Company Escrow Disbursement Request #20 November 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: $399,703.68 Total amount requested for this disbursement: $9,157.50 Balance after this disbursement: $390,546.18 Disbursement instructions as follows: • Form of payment: Check • Amount: $9,157.50 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: 11/10/2017 Developer Designated Representative PAYMENT APPROVED: Steve Howlett, Facilities Director, City of La Quinta OK to Pay - JG 11/08/2017 APPLICATION AND CERTIFICATION FOR PAYMENT DOCUMENT032015 PAGEONLOF 1 PAGES TO OWNER: SilverRock Development Company,LLC PROJECT: SilverRock Resort APPLICATION NO: 10 Distribution to: c/o The Robert Green Company 79179 Ahmanson Ln APPLICATION DATE 11l02l17 % [11VNF:R 3551 Fortuna Ranch Road Lu Quinta, CA 92253 PERIOD TO: I Il03/17 ARCHITECT Encinitas, CA 92024 PAYMENT DUE: 11/13/17 CONTRACTOR Contact: Mc John Gamlin FROM CONS ULTA NT: Case Verde Gelfand Landscaping LLC VIA ARCHITECT: 7025 E Greenway Pkwy N550 Scottsdale, AZ 85254 PROJECT NOS: CONTRACT FUR: Golf Cwlsen "$Br mcnl - Comok"t IMONTHLY FXT FNM0N OF SERVIC`B • MO? MI 31 CONI7JACI DATE A09ntt 17. Vl7 CONSULTANT'S APPLICATION FOR PAYMENT The undersigned Consultant certifies that to the best of the Consulum" knowledge, Application is made for payment, as shown below, in connection with the Cunhacl. Information and belief the Work covered by this Application for Payment has been Commumion Shcet, Document G703, is attached. completed in accordance with the Contract Documents, that all amounts have been paid by the Consultant for Work for -which p—ous Centficate, for Payment were issued and payments received from the Owner, and that currant paymentshown herein is now due I. ORIGINALCONTRACTSCM S 18.313.00 l 2. Net change by Change Orders $ 0t CONSULTANT: Casa Vcrde Gulf and Landscaping LLC 3. CONTRACT SUM TO DATE (Line I x 2) $ 18 ,313.IA1 4, TOTAL COMPLETED & STORED TO S 18,315.00 By: — `�� Dare: November 2, 2017 DATE (Column G on G703) 51 RETAINAGE: U %of Completed Work S 0 Zi ,31uumn D + E on G7U3) b 0%of Stored Matenal $ 0 o umn F on G703) Total Retainage (Lines 5a + 5b or Total In Column 1 of G703) S 0,00 6, TOTAL EARNED LESS RETAINAGE 18,313.00 (Line 4 Leas Line 5 Total) 7 LESS PREVIOUS CERTIFICATES FOR PAYMENT (Line 6 from prior Cenificate) $ 9,157,50 & CURRENT PAYMENT DUE $ Y,157SU 9 BALANCE TO FINISH, INCLUDING RETAINAGE UMU (Line 3 less Line 6) t �.116ALaa: U-JEA �141M,lw t• "Mk rum SILW Iju%s Ifotal aupmved Chanee Orders in urevious Payment Applications: $0. 0 $0.00 ITdW apptmaid ChaxeOtden for thH period' $U.70 $U.00 TOTALS $000 S000 NET CHANGES by Chance Order So oo soon CONT 114U AT I ON S BEET o I... R -�c k Development Company, LLC APPLICATION NO. 10 PROJECT NO: A a c u WORK ITEM SCHEDULED FROM NO. WORK VALUE PREVIOUS APPLICATION (D + E) i i Motwaahon a Lou pp `� 4,090,00 S 2. 5+00 2 Lanelruc(lon Manmj36n1 S 9.0W.00 S 24500.00 1 j 3 tansuro a Finish Work CanRuleAlfon 5 8.625.00 3 4.312,50 5 SUB -TOTAL 3 18,315.00 S 9.157.50 5 Page I of 1 APPLICATION DATE: 11/02M7 PERIOD TO: 11/08M 7 F. F Ci H 1 WdRX MATERIALS TOTAL COMPLETED PRESENTLY COMPLETED % BALANCE THIS PERIOD STORED AND STORED TO FINISH TO DATE INot In D or E) (D+E+F) (C-O) $,345.00 S 3 4bw.0U 100.00% i - f $,500A0 5 S 5:000-OD 100.0011; 5 4.312.50 5 - 5 0.825.00 I11=1 S 0,IV.50 3 5 15.315.06 100.OU%l35 - )