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SDCo Escrow Disbursement Request 21 (2017-11-08)THE ROBERT GREEN C O M P A N Y November 13, 2017 Steve Howlett via email CITY OF LA QUINTA 78495 Calle Tampico La Quinta, CA 92253 SUBJECT: SILVERROCK GOLF COURSE REALIGNMENT PROJECT— Requests #21 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 Desert Harvest, Inc. for services performed during the SilverRock Golf Course Realignment Project. The city's operator, Landmark, assisted with many tasks during the construction cycle to ensure the re -opening of the golf course on schedule. SDC supported the engagement of outside labor to augment Landmark's efforts. SDC provided more than 1,100-man hours of labor to the job in the month leading up to the opening. It is SDC's intent to back -charge the GC for work within its scope that was performed by others to maintain the schedule. I have reviewed the application (attached with Disbursement Request form) 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: 4GmfVin Name: Jo Its: Project Execu e, on behalf of Robert S. Green, President cc: Robert S. Green Ed Boyd Sonya Murillo Attachments; SilverRock Development Company Escrow Disbursement Request #21 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: $390,546.18 Total amount requested for this disbursement: $5,016.60 Balance after this disbursement: $385,529.58 Disbursement instructions as follows: Form of payment: Check • Amount: $5,016.60 Payable to: Desert Harvest, Inc. Mail to: P.O. Box 878 • 1684 Ninth Street Coachella, CA 92236 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