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2015 36791 ACM La Quinta IV-B, LLC - SIA On-Site & Off-SiteCity of La Quinto CITY COUNCIL MEETING: August 2, 2016 STAFF REPORT AGENDA TITLE: ACCEPT OFF -SITE AND ON -SITE IMPROVEMENTS ASSOCIATED WITH THE LA QUINTA SQUARE COMMERCIAL DEVELOPMENT (PARCEL MAP NO. 36791) LOCATED AT THE SOUTHWEST CORNER OF HIGHWAY 111 AND SIMON DRIVE RECOMMENDATION Accept the on and off -site improvements associated with Parcel Map No. 36791, La Quinta Square; authorize staff to release the performance security; and direct staff to release the labor and materials security 90 days after City Council acceptance of the improvements. EXECUTIVE SUMMARY • The La Quinta Square commercial project is located on the southwest corner of Highway 111 and Simon Drive (Attachment 1). • ACM La Quinta IV-B, LLC (Developer) has completed all obligations of the Subdivision Improvement Agreement and has requested release of the performance, and labor and materials securities. • Staff has verified satisfactory completion of these improvements and recommends acceptance of the on and off -site improvements. FISCAL IMPACT The City will maintain the signing and striping of a right turn lane into this commercial project on Highway 111 after the one-year warranty period. Signing and striping maintenance is estimated to be $150 annually, which will be incorporated in the Facilities Department operating budget. BACKGROUND/ANALYSIS The Developer of the La Quinta Square has completed all on and off -site improvements required by Parcel Map No. 36791. The improvements include pavement; curb and gutter; curb ramps; sidewalk; signing and striping; storm drain; catch basins; water and sewer improvements; landscaping; and survey monumentation. Staff inspected the improvements and verified they meet City -approved plans and standards. ALTERNATIVES Acceptance of these improvements is a ministerial action necessary for the release of the improvement securities. Since the improvements have been inspected and meet City standards, staff does not recommend an alternative action. Prepared by: Bryan McKinney, P.E., Principal Engineer Approved by: Timothy R. Jonasson, P.E., Design and Development Director/City Engineer Attachment: 1. Vicinity Map 117 ATTACHMENT 1 PARCEL MAP NO. 36791 LA QUINTA SQUARE HIGHWAY I i 1 SIMON DRIVE PROJECT SITE VICINITY MAP NOT TO SCALE 119 SUBDIVISION IMPROVEMENT AGREEMENT PARCEL MAP NO. 36791 OFF -SITE AND ON -SITE IMPROVEMENTS THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this day of by and between ACM La Quinta IV-B, LLC, a Delaware limited liability company, hereinafter referred to as "Subdivider," and the City of La Quinta, a municipal corporation of the State of California, hereinafter referred to as RECITAL& ASubdivider has prepared and submitted to City for final approval and reicordation a final map or Tract map (the "Map") of a unit of land in the City of La Quinta, County of Riverside, which unit of land is known as Parcel Map No. 36791 (the "Tract") pursuant to the provisions of Section 66410, et seq. of the California Government Code (the "Subdivision Map Act"). The Subdivision Map Act and City ordinances and regulations relating to the filing, approval and recordation of subdivision maps are sometimes collectively referred to in this Agreement as the "Subdivision Laws." B. A tentative map of the Tract has been approved subject to the Subdivision Laws and to the requirements and conditions contained in Planning Commission Resolution No. 2014-034 (the "Resolution of Approval"). The Resolution of Approval is on file in the office of the City Clerk and is incorporated into this Agreement by reference. C. Prior to approval of the Map, Subdivider is required to install or agree to install certain public and private improvements (the "Improvements"). D. The Improvements have not been installed and accepted at this time. E. It is therefore necessary that Subdivider and City enter into an agreement for the installation of the Improvements as provided in Section 66462 of the Subdivision Map Act. In consideration of approval of a final map for the Tract by the City Council, Subdivder desires to enter into this Agreement, whereby Subdivider promises to install and complete, at Subdivider's own expense, all the public improvement work required by City in connection with the proposed Tract. Subdivider has secured this Agreement by improvement security required by the Subdivision Laws and approved by the City. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: Improvement Plans. Prior to submittal of the Map for approval by the City Council, Subdivider shall furnish complete original improvement plans for the construction, installation and completion of the Improvements meeting the requirements of the City Engineer. The Improvement Plans for the Tract shall be maintained on file in the office of the City Engineer and shall be incorporated into this Agreement by reference. All references in this Agreement to the Improvement Plans shall include reference to any specifications for the Improvements as approved by the City Engineer. 2. Improvements. Subdivider shall construct the Improvements required to be constructed on the Improvement Plans or agreed to be constructed under the Resolution of Approval and this Agreement as more specifically described in Exhibit "A." attached hereto and expressly made a part hereof by this reference, and shall bear the full cost thereof. The methods, standards, specifications, sequence, and scheduling of construction shall be as approved by the City Engineer. 0 a @see a —0 0 MY Ow 0 of 0 -0- =111 Iwo "Wil'i "ANAW, 11W go 1 of As part of the obligation secured by each of the performance security, payment security and warranty security, and in addition to the face amount of each such security, each such security shall include and assure the payment of costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing the obligations thereby secured. B. improvement security shall conform With Section 66499 of the California Government Code and may be one or more of the following: 2) Surety bonds, of the form specified in subsection 66499.2 of the California Government Code, issued by a surety or sureties listed in the U.S. Department of Treasury Circular 570 (latest version). 3) Certificates of deposit, in City's name, from one or more financial institutions subject to regulation by the state or federal government and having a financial quality rating of "A" or better and a commitment reliability rating of "R-2" or better on the Investment Data Exchange (of the Los Angeles County Treasurer's office). 4) Irrevocable letters of credit, in a form acceptable to and approved by the City Attorney, issued by one or more financial institutions meeting the requirements of Paragraph (3), pledging that the funds necessary to carry out the completion of the Improvements are on deposit, guaranteed for payment, and constitute a trust fund which is not subject to levy or attachment by any creditor of the depositor until released by City. Letters of credit shall guarantee that all or any portion of the funds available pursuant to the letters of credit will be paid upon the written demand of City and that such written demand need not present documentation of any type as a condition of payment, including proof of loss. The duration of any such letter of credit shall be for a period of not less than one year from the execution of the agreement with which it is provided and shall state, on its face, that the letter of credit will be automatically renewed until such time that City authorizes its expiration or until sixty (60) days after City receives notice from the financial institution of intent to allow expiration of the letter of credit. 5) A lien upon the subdivided property, if City finds that it would not be in the public interest tt require the installation of the Improvements sooner than two (2) years after recordation of tN,! final map or Tract map for which the Improvements are required. The lien shall provide ? collateral value of three (3) times the estimated cost of the Improvements and shall includz the power of sale of the real property, all buildings and improvements thereon, or that may ba erected upon or made thereto, together with all hereditaments and appurtenances thereuntit belonging, or in any wise appertaining, and the reservations, remainders, rents, issues, and profits thereof. The collateral value of the property shall be established at Subdivider's expense through an appraisal approved by City. 6) An instrument of credit from an agency of the state, federal or local government, when any agency of the state, federal, or local government provides at least twenty percent (20%) of the financing for the Improvements. M 7) When Subdivider is a non-profit organization, security may be negotiable bonds, of the kind approved for securing deposits of public moneys with City or in favor of City, as specified in Section 16430 of the California Government Code, deposited, at City's option, with City or a responsible escrow agent or trust company. C. All securities shall be furnished in accordance with the provisions of Exhibit A. The amount of the performance security shall equal one hundred percent (100%) of the estimated cost of constructing the Improvements, including payment of plan check and permit fees, as estimated by the City Engineer or a duly authorized representative of the City Engineer. The amount of Payment security shall equal the amount of the amount of performance security, except as otherwise set forth in Exhibit A, and shall be furnished as a separate security. Warranty security shall equal Ten Percent (10%) of the amount of performance security except as otherwise set forth in Exhibit A. The securities required by this Agreement shall be kept on file with the City Clerk. The terms of the security documents specified in this Agreement are incorporated into this Agreement by this reference. If any security is replaced by another approved security, the replacement shall be filed with the City Clerk and, upon filing, shall be deemed to have been made a part of and incorporated into this Agreement. Upon filing of a replacement security with the City Clerk, the former security may be released. The City Engineer shall approve replacement of security. D. At the time of submittal of security, Subdivider shall pay to City administrative fees applicable to the form of security provided. Administrative fees shall apply to the subdivision (final map, Tract map or waiver of Tract map) rather than to individual security instruments. The fees shall be paid separately for each different form and/or source (surety or financial institution) of security initially submitted and for substitution of securities but shall not be required for submittal of warranty security if the warranty security is of the same form and from the same source as the performance security it replaces. Administrative fees for security shall be as follows: 1) For certificates of deposit, bonds and letters of credit as described in Paragraphs 2), 3) and 4) of SECTION 3.B., which require the establishment of evidence of the reliability of the surety or financial institution, the administrative fee shall be One Hundred Fifty Dollars 00). 2) For liens on real property as described in Paragraph 5) of SECTION 3.B,, for which City will prepare lien agreements and subordination agreements, administer valuation of the real property and administer the agreements over the life of the lien, all of which require legal assistance and financial advice, Subdivider shall pay to City an administration fee of One Half of One Percent (0.5%) of the estimated cost of the improvements secured but not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Do00000)� E. Participatory Improvements, if any, are identified in Exhibit A. Security for Participatory Improvements shall remain in place Until the Participatory Improvements are constructed and actual costs are known and paid by Subdivider, or until Subdivider pays to City the estimated cost of the Participatory Improvements, and shall guarantee the reimbursement by Subdivider of Subdivider's share of the cost of the Participatory Improvements. Payment security and warranty security shall not be required for Participatory Improvements. Upon written demand from City, Subdivider shall deposit cash with City in lieu of or in replacement of security guaranteeing Participatory Improvements. If Subdivider fails to deposit said cash within 30 days of the date of the written demand from City, City may present a written demand to Subdivider's Surety for payment of said cash and Subdivider's Surety shall pay to City the lesser of: 1) the amount demanded, or 2) the amount of the security. Security shall not expire, be reduced or become wholly or partially invalid for any reason, including non-payment of premiums, modifications of this Agreement and/or expiration of the time for performance stated in this Agreement. HMMM��� M GA M N - ZlIVINIFAILOALS L7-'Igj MI r-libbigi pis lkyj Lord m I a ILO a-*] M4 H 6w 1 WrAllizill 4 of 9 6.2 Inspection. Subdivider shall at all times maintain proper facilities and safe access for inspection of the public improvements by City and to the shops wherein any work is in preparation. Upon completion of the work, the Subdivider may request a final inspection by the City Engineer or the City Engineer's authorized representative. If the City Engineer or the designated representative determines that the work has been completed in accordance with this Agreement, then the City Engineer shall certify the completion of the public improvements to the City Council. No improvements shall be finally accepted unless all aspects of the work have been inspected and determined to have been completed in accordance with the Improvement Plans and City standards and accepted by the City as described in Paragraph 10 of this Agreement. Subdivider shall bear all costs of plan check, inspection and certification. 7. Force Ma"eure. In the event that Subdivider is unable to perform within the time limits herein due to strikes, act of God, or other events beyond Subdivider's control, the time limits for obligations affected by such events will be extended by the period of such events. 8. Time Extension. Subdivider may make application in writing to the City Council for an extension of time for completion of the Improvements. The City Council, in its sole and absolute discretion, may approve or deny the request or conditionally approve the extension with additions or revisions to the terms and conditions of this Agreement. As a condition of the time extension, Subdivider shall furnish securities, similar in form and substance to those required in SECTION 3 hereinabove, to cover the period of extension. The value of the securities shall be sufficient to ensure the performance of and payment for Improvements that remain incomplete at the time of the extension, and to provide warranty security on completed Improvements. 9. Survey Monuments. Before final approval of street improvements, Subdivider shall place survey monuments in accordance with the provisions of Sections 66495, et sec. of the Subdivision Map Act and of the La Quinta Municipal Code. Subdivider shall provide the City Engineer written proof that the monuments have been set, evidence of payment and receipt thereof by the engineer or surveyor setting the monuments, and intersection monument tie -outs for monuments set in public streets. 104 Final Acceptance of Improvements. At the completion of construction and prior to acceptance of the Improvements by City, Subdivider shall submit a request for final approval by City� The request shall be accompanied by any required certifications from Subdivider's engineers or surveyors, approval letters from other agencies having jurisdiction over and approval authority for improvements required by this Agreement or the Conditions of Approval, and any required construction quality documentation not previously submitted. 11. In*ury to Improvements. Until such time as the Improvements are accepted by City in accordance with Paragraph 10, Subdivider shall be responsible for and bear the risk of loss to any of the improvements constructed or installed. Until such time as all Improvements required by this Agreement are fully completed and accepted by City, Subdivider will be responsible for the care, maintenance of, and any damage to such improvements. City shall not. nor shall any officer or employee thereof, be liable or responsible for any accident, loss or damage, regardless of cause, happening or occurring to the work or improvements specified in this Agreement prior to the completion and acceptance of the work or improvements. All such risks shall be the responsibility of and are hereby assumed by Subdivider. M b. Acceptance by City of the Improvements shall not constitute an assumption by City of any responsibility for any damage or taking covered by this paragraph. City shall not be responsible for the design or construction of the subdivision or the improvements pursuant to the approved Improvement Plans or map, regardless of any negligent action or inaction taken by City in approving the plans or map, unless the particular improvement design was specifically required by City over written objection by Subdivider submitted to the City Engineer before approval of the particular improvement design, which objection indicated that the particular improvement design was dangerous or defective and suggested an alternative safe and feasible design. Except as may be provided above, City shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. Nothing contained in this paragraph is intended to or shall be deemed to limit or waive any protections or immunities afforded by law to City or a-iiv a -id all of its j;i�iolj, &pQ4 gents ("Indemnified Parties"), by virtue o c vis a rovall ind 1 anorded Dy Uovernment remain obligated to eliminate any defect in design or dangerous condition caused by the design or construction defect; however, Subdivider shall not be responsible for routine maintenance. Provisions of this paragraph shall remain in full force and effect for ten (10) years following the acceptance by City of the Improvements. It is the intent of this paragraph that Subdivider shall be responsible for all liability for design and construction of the Improvements installed or work done pursuant to this Agreement and that city shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. The Improvement Security shall not be required to cover the provisions of this paragraph. 18. No Modification of Conditions. This Agreement shall in no respect act to modify or amend any provision of the Conditions of Approval. In the event that any requirement or condition of this Agreement is inconsistent with or fails to include one or more provisions of the Conditions of Approval, which document(s) is (are) incorporated herein by reference, the provisions in the Conditions of Approval shall remain in effect and shall control. 19. Severability. In the event that a court of competent jurisdiction determines that any provision or provisions of this Agreement are unenforceable, all provisions not so held shall remain in full force and effect. 20. Subdivider No Agent of City. Neither Subdivider nor any of Subdivider's agents, employees, or contractors are or shall be considered to be agents of City in connection With the performance of Subdivider's obligations under this Agreement. A. All notices pursuant to this Agreement shall be in writing and shall be personally delivered or sent by registered or certified mail, return receipt requested, to the parties at their respective addresses indicated hereon. Notices personally delivered shall be effective upon delivery. Notices mailed as provided herein and sent postage prepaid shall be effective upon the date of delivery or refusal indicated on the return receipt. Either party may change its address for notices hereunder by notice to the other given in the manner provided in this subparagraph. B. The terms, conditions, covenants, and agreements set forth herein shall apply to and bind the heirs, executors, administrators, assigns, and successors of the parties hereto. C� Neither party to this Agreement relies upon any warranty or representation not contained in this Agreement. D. This Agreement shall be governed by and interpreted with respect to the laws of the State of California. E. In the event of any dispute between the parties with respect to this Agreement, the prevang party shall be entitled to prompt payment of its reasonable attorneys'fees from the non -prevailing party. 11M F. Any failure or delay by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies provided for hereunder. G. Time is of the essence in the performance of each and every provision of this Agreement H. The Recitals to this Agreement are hereby incorporated into and expressly made a part of the terms of this Agreement. 1. This Agreement constitutes the entire agreement of the parties with respect to the subject matter. All modifications, amendments, or waivers of the terms of this Agreement must be in writing and signed by the appropriate representatives of the parties. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written _i• CITY: City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 760/777-7075 Digitally signed by Frank I, 1p,-,,l DN: serial Number= I n615nh0I 202cvmj, -US, st-Califorma, I=La Quinta, O=Frank J. Speyacek, —Frank J. Spovacok Date 2015.08.26 14 02 14 -07'00' Frank J. Spevacek, City Manager Date ATTEST: DlgiWly signed by City of Le Quirte DIN: 1telNmnbe16f.hzhdhsrZ93t1C-US, st=California, Ia Quiri O=City of a Quinta, cn-City of La Qumta Date 2015.08 26 14:1536 07'00' Susan Maysels, City Clerk ACM La Quinta IV-B, LLC, a Delaware limited liability company 1800 Avenue of the Stars, Suite 105 Los Angeles, CA 900 7 By: Kevin Daley Dat Title Manalaina Member By: Date Title: Reviewed and Approved: othy R. Jon so .., City Engineer Date I William H. lhrke, City Attorney Date 8 of 9 ExhlbitA SECURITY — PARCEL MAP NO. 36791 Ia • F:' i =i ■. i ' i;-- f:; ice: i `i ii i -., ... •;. shall be made in writing to the City Engineer. Labor improvement i iPerformancei ii a Materials ON -SITE -IMPROVEMENTS Demolition $ 10,000 -' Site Improvements 15,61 Grading 12,015 Erosion Control 60,470 Drainage and Storm Drain 252,67 Domestic Water 4,36 Sanitary Sewer $ 12,43 Dry Utilities $ 132,260 ` Landscaping 121,16 onumentation 5,20 OFF -SITE IMPROVEMENTS Striping at Hwy 111 Access $ 2,500 $ 2,500 Totals 909,389 2,500 Standard 10% Contingency 90,93 250 Total Construction Cost 1,000,328 $ 2,750 Professional Fees, Design 10% 100,033 275 Professional Fees, Const 10% 100,033 275 Bond Amount 1,200,3943,300 M CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1169 A notary public or other officer completing this certificate verifies only the identity of the individual who sign d the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document, State of California County of �s &X S \D On. before me, v� Date Here Insert Name and Title of the Officer personally appeared a(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(%) whose name(p) is/av subscribed to the within instrument and acknowledged to me that he/s4e/they executed the same in his/4r/thEkir authorized capacity(iqs), and that by his/her/their signature(s) on the instrument the person(ii), or the entity upon behalf of which the person(*) 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 seal. IN WARD COMM.195783 1 .S A"L A 1A Signaturc'�� "Signaturelof AtiPublic Place Notary Seal Above — OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Title or Type of Document: ,, ------- ----- Document Date: Number of Pages: — Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: El Corporate Officer — Title(s), 0 Partner — El Limited 0 General El Individual El Attorney in Fact El Trustee 0 Guardian or Conservator El Other: Signer's Name- t� Corporate Officer — Title(s): El Partner — 111 Limited El General EJ Individual El Attorney in Fact El Trustee El Guardian or Conservator El Other: npr Iq Rpnrpsentino. 6S; (02014 National Notary Association - www. National Notary.org - 1 -800-US NOTARY (1 -800-876-6827) Item #590 Bond No. PB00224600002 Premium: $30,010.00 SUBDIVISION IMPROVEMENTS Parcel Map No. 36791 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map No. 36791 , prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and ACM La Quinta IV-B LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 , and identified as Parcel Map No. 36791 Off -Site and On -Site Improvements is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and Philadelphia Indemnity Insurance Company as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of One million two hundred thousand, three hundred ninety four and 00/100 DOLLARS ($ 1,200,394.00 ) 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 ortheir part, to be kept and performed at the time and in the mannertherein 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 therefore, there shall be included costs and reasonable expenses and fees, including reasonable attomey's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in anyjudgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed hereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on July 13 , 2015 . (Seal) (Seal) ACM La Quinta IV B C Principal Signature Principa Title of Signatory Philadelphia Indemnity Insurance Company Surety '� CAd�amtd�U Signature of Surety Michael Castaneda Attorney -in -Fact Title of Signatory 251 S. Lake Ave., Suite 360 Pasadena, CA 91101 Address of Surety 626-639-1322 Phone # of Surety Mike Cundiff Contact Person For Surety 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 County of Los Angeles On 07/14/2015 before me, Vincent Gregory Nevills, A Notary Public (insert name and title of the officer) personally appeared Kevin Staley who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the i nstrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. VINCENT GREGORY NEVILLS WITNESS my hand and official seal. :. Commission # 2039948 IL a=m: Notary Public - California z Los Angeles County M Comm. Ex ires Aug31, 2017 Signature (Seal) 55 PHILADELPHIA INDEMNITY INSURANCE COMPANY One Bala Plaza, Suite 100 Bala Cynwyd, PA 19004 Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS: that PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Company), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint: Lourdes Lando, Mark Rossokopf and Michael Castaneda of BB&T Insurance Services of CA. Its true and lawful Attomey(s) in fact with full authority to execute on its behalf bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business and to bind the Company thereby, in an amount not to exceed $25,000,000.00 This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of PHILADELPHIA INDEMNITY INSURANCE COMPANY at a meeting duly called the 1' day of July, 2011. RESOLVED: That the Board of Directors hereby authorizes the President or any Vice President of the Company to: (1) Appoint Attomey(s) in Fact and authorize the Attomey(s) in Fact to execute on behalf of the Company bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and to attach the seal of the Company thereto; and (2) to remove, at any time, any such Attorney -in -Fact and revoke the authority given. And, be it FURTHER RESOLVED: That the signatures of such officers and the seal of the Company may be affixed to any such Power of Attorney or certificate relating thereto by facsimile, and any such Power of Attorney so executed and certified by facsimile signatures and facsimile seal shall be valid and biding upon the Company in the future with the respect to any bond or undertaking to which it is attached. IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS CORPORATE SEALTO BE AFFDC D BY ITS AUTHORIZED OFFICE THIS 7TH DAY OF FEBRUARY 2013. a`'4 .'�sazg Gz (Seal) Robert D. O'Leary Jr., President & CEO Philadelphia Indemnity Insurance Company On this Tb day of February 2013, before me came the individual who executed the preceding instrument, to me personally known, and being by me duly sworn said that he is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed. com WEAL.THOFFESIId9Yt-�rAMIA WrAR1AL SEAL• DANIELLEPORATk NotaryyCou bUA' Iuv ammwT .Mo om 2016 0a�glpp 1�9 Notary Public: residing at: Bala Cynwyd. PA (Notary Seal) My commission expires: March 22, 2016 I, Craig P. Keller, Executive Vice President, Chief Financial Officer and Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do herby certify that the foregoing resolution of the Board of Directors and this Power of Attorney issued pursuant thereto are true and correct and are still in full force and effect. I do further certify that Robert D. O'Leary Jr., who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of PHILADELPHIA INDEMNITY INSURANCE COMPANY, , In Testimony Whereof I have subscribed my name and affixed the facsimile seal of each Company this l Sf 1 day of "- 20,LK_. Tf . ti�� , Craig P. Keller, Executive Vice President, Chief Financial Officero .Se-66tary _ - '�Y' PHILADELPHIA INDEMNITY INSURANCE COMPANY _ J - .p2927roon' California All -Purpose Certificate of 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 County Of Orange On July 13, 2015 before me, Marilyn Bagby, Notary Public , Name of Notary Public, Title personally appeared Michael Castaneda Name of Signer (1) Name of Signer (2) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on 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 seal. Signature of Notary Public OPTIONAL INFORMATION MARILYN BAGBY 0 COMM. #2106019 z X Notary Public - California o z o Orange County M Comm. Ex fires A r. 6, 2o19J et Although the information in this section is not required by law, it could prevent fraudulent removal and reattachment of this acknowledgment to an unauthorized document and may prove useful to persons relying on the attached document. Description of Attached Document The preceding Certificate of Acknowledgment is attached to a document titled/for the purpose of containing pages, and dated The signer(s) capacity or authority is/are as: ❑ Individual(s) ❑ Attorney -in -fact ❑ Corporate Officer(s) ❑ Guardian/Conservator ❑ Partner-Limited/General ❑ Trustee(s) ❑ Other: representing: -1 itle(s) Name(s)ef Pers n(s) Entity(,es) Signer m Represenung Method of Signer Identification Proved to me on the basis of satisfactory evidence: ❑ form(s) of identification ❑ credible witness(es) Notarial event is detailed in notary journal on: Page # Entry # Notary contact: Other ❑ Additional Signer ❑ Signer(s) Thumbprints(s) @ 2009-2015 Notary Learning Center - All Rights Reserved You can purchase copies of this form from our web site at vnvw.The NotarysStore.com Bond No. PB00224600002 Premium: Included SUBDIVISION IMPROVEMENTS Parcel Map No. 36791 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. _ 36791 , 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 ACM La Quinta IV-B LLC 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 , 20 , and identified as Parcel Map No. 36791 * , 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 Quinta 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 Three thousand three hundred and 00/100 DOLLARS ($ 3,300.00 ), for materials furnished or labor thereon of any kind, orfor 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 underTitle 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. *Off -Site and On -Site Improvements The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on June 13 , 20 15 . ACM La Qui to I -B LLC Principal (Seal), Sign Miirin6pal Title of Signatory Philadelphia Indemnity Insurance Company Surety (Seal) Signature Surety Michael c Attorney -in -Fact Title of Signatory 251 S. Lake Ave., Suite 360 Pasadena, CA 91101 Address of Surety 626-639-1322 Phone # of Surety Mike Cundiff Contact Person For Surety 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 County of Los Angeles On 07/14/2015 before me, Vincent Gregory Nevills, A Notary Public (insert name and title of the officer) personally appeared Kevin Staley who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the i nstrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. VINCENT GREGORY NEVILLS WITNESS my hand and official seal. commission # 203994B z Notary Public - California n Los Angeles County My Comm. Ex fires Au 31, 2017 Signatu (Seal) 58 PHILADELPHIA INDEMNITY INSURANCE COMPANY One Bala Plaza, Suite 100 Bala Cynwyd, PA 19004 Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS: that PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Company), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint: Lourdes Lands, Mark Rossokoof and Michael Castaneda of BB&T Insurance Services of CA. Its true and lawful Attomey(s) in fact with full authority to execute on its behalf bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business and to bind the Company thereby, in an amount not to exceed $25,000,000.00 This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of PHILADELPHIA INDEMNITY INSURANCE COMPANY at a meeting duly called the 1" day of July, 2011. RESOLVED: That the Board of Directors hereby authorizes the President or any Vice President of the Company to: (1) Appoint Attomey(s) in Fact and authorize the Attomey(s) in Fact to execute on behalf of the Company bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and to attach the seal of the Company thereto; and (2) to remove, at any time, any such Attomey-in-Fact and revoke the authority given. And, be it FURTHER RESOLVED: That the signatures of such officers and the seal of the Company may be affixed to any such Power of Attorney or certificate relating thereto by facsimile, and any such Power of Attorney so executed and certified by facsimile signatures and facsimile seal shall be valid and biding upon the Company in the future with the respect to any bond or undertaking to which it is attached. IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS CORPORATE SEALTO BE AFFDC D BY ITS AUTHORIZED OFFICE THIS 7Ta DAY OF FEBRUARY 2013. `��„1 �rrwrrrh. (Seal) »» nrr *�IWO r; elr-4--�o Robert D. O'Leary Jr., President & CEO Philadelphia Indemnity Insurance Company On this Th day of February 2013, before me came the individual who executed the preceding instrument, to me personally known, and being by me duly sworn said that he is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed. COM MMMALM OFPENN9YLMM"M NOTARIALBUt•- DANIRLE PORATH, Notary Pul fc LowefMeriooTw .Mo omevCC County my Caram�sion 1�6 Notary Public: residing at: (Notary Seal) My commission expires: b44A& §.__ Bala Cynwyd, PA March 22 2016 I, Craig P. Keller, Executive Vice President, Chief Financial Officer and Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do herby certify that the foregoing resolution of the Board of Directors and this Power of Attorney issued pursuant thereto are true and correct and are still in full force and effect. I do further certify that Robert D. O'Leary Jr., who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of PHILADELPHIA INDEMNITY INSURANCE COMPANY, In Testimony Whereof 1 have subscribed my name and affixed the facsimile seal of each Company this 13 % day of JU14 Aay�`itrY a' "•'ftG'`•., Craig P. Keller, Executive Vice Presiden Chief Financial Oggcr-&, g t, Secretazy-, � y PHILADELPHIA INDEMNITY INSURANCE COMPANY . �;'.......... ..... California All -Purpose Certificate of 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 County of Orange On July 13, 2015 personally appeared before me, Marilyn Bagby, Notary Public , Name of Notary Public, Title Michael Castaneda Name of Signer (1) Name of Sionen (2) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on 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 seal. Signatufe of Nota)y Publir, OPTIONAL INFORMATION J SMARILYN BAY COMM. #2106019 z z GBNotary Public - California o Orange County MX Comm. Expires Apr. 6, 2019 eai Although the information in this section is not required by law, it could prevent fraudulent removal and reattachment of this acknowledgment to an unauthorized document and may prove useful to persons relying on the attached document. Description of Attached Document The preceding Certificate of Acknowledgment is attached to a document titled/for the purpose of containing pages, and dated The signer(s) capacity or authority is/are as: ❑ Individual(s) ❑ Attorney -in -fact ❑ Corporate Officer(s) ■ 1 1 Guardian/Conservator Partner- Limited/General Trustee(s) Other: representing: f.i,1e(s) Nameis)of Pefsonks) `cnpt: t( l9,gner is Representuig Method of Signer Identification Proved to me on the basis of satisfactory evidence: ❑ form(s) of identification ❑ credible witnesses) Notarial event is detailed in notary journal on: Page # Entry # Notary contact: Other ❑ Additional Signer ❑ Signer(s) Thumbprints(s) (0 2009-2015 Notary Learning Center - All Rights Reserved You can purchase copies of this form from our web site at vnvw.TheNotarysStore.com TO: Frank Spevacek, City Manager FROM: Timothy R. Jonasson, P.E., Public Works Director/ City Engineer Bryan McKinney, P.E., Development Services Principal Engineer?��--11�� IATE: August 25, 2014 RE: Subdivision Improvement Agreement for La QUinta Square Parcel Map No. 36791 Attached for your signature is the Subdivision Improvement Agreement with ACM La Quinta IV-B, LLC for the offsite and onsite improvements of Parcel Map No. 36791. Please sign the attached agreement and return it to the City Clerk for processing and distribution. Requesting department shall check and attach the items below as appropriate: Contract payments will be charged to account number: A Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s) is attached with — no reportable interests in LQ or reportable interests A Conflict of Interest Form 700 Statement of Economic Interests is not required because this Consultant does not meet the definition in FPPC regulation 18701 (2). Authority to execute this agreement is based upon: -X- Approved by the City Council on July_21, 2015 — City Manager's signature authority provided under Resolution No. 2005-095 Public Works projects for $30,000 or less. — City Manager's signature authority provided under Resolution No. 2005-096 Service agreements for $30,000 or less. — City Manager's signature authority provided under Contract Change Order Policy Contracts under $100,000 = 10% max, contracts over $100,000 = $25,000 max The following required documents are attached to the agreement: — Insurance certificates as required by the agreement (initialed by Risk Manager on date/ -X- Performance bonds and Labor & Materials bonds as required by the agreement (originals) X City of La Quinta Business License (copy or note number & expiration date here 763079 exp 813112016 Ott o,� NI'l