2022 - 31876 Mayer Villa Capri - Release Bonds 2022-12-20ta Quiara
CALIFORNIA-
December 15, 2022
Mr. Robert L Mayer III
Mayer Villa Capri, LP
8951 Research Drive
Irvine, CA 92618
RE: Termination of Subdivision Improvement Agreement for Parcel Map No. 31876
Dear Mr. Mayer,
Pursuant to your request, enclosed please find Performance Bond No. 838762S in
the amount of $2,062,370 and Labor & Material Bond No. 838762S in the amount
of $2,062,370 which served as securities under that certain Subdivision
Improvement Agreement with the City of La Quinta. Please be advised, and you are
hereby on notice, that the permit and entitlement to which this amount served as
security for completion of off -site improvements are no longer valid. Specifically,
Tentative Parcel Map No. 31876, Tentative Parcel Map No. 35088, Site Development
Permit 2006-875, and Conditional Use Permit 2007-105 are no longer valid, and no
person or entity, including any successor in interest with any interest in the property,
may claim any right of development or use under this permit/entitlement.
Thank you for your cooperation. This notification will be part of the record for the
above -referenced permit/entitlement.
Sincerely,
Jon McMillen
City Manager
THE
MAYER,
CORPORATION
December 7, 2022
City of La Quinta
78 495 Calle Tampico
La Quinta, CA 92253
Re: Mayer Villa Capri
Conditional Use Permit 2007-105
Site Development Permit 2006-875
Tenant Parcel Map 35088
Sub -Division Bond #8387625
To Whom It May Concern,
By submission of this letter I, Robert L Mayer III, request the City of La Quinta to release the bond
requirement for the above -mentioned Sub -Division Bond back to the date of 3/17/2019 as the bond was
no longer required.
Sincordly,
Rob LMa►rIII
The Mayer Corporation
8951 Research Drive . Irvine, CA 92618-4237
tel 949.759.8091 . fax 949.988.7176
BOND NO.: 838762S
PREMIUM : INCLUDED IN PERFORMANCE
SUBDIVISION IMPROVEMENTS
Parcel Map No.
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. 31876 , 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
MAYER VILLA CAPRI L.P. 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 , 200 , and identified as Parcel Map
No. 31876 , 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 Part4 of Division 3 of the Civil Code in the sum of`1V MILLION SIXTY TWO THOUSAND 7FIRFE FUNDRED
SEVENTY AND NO/ 1 00 DOLLARS ($ 2 __ n6?',17n _ nn ), for materials furnished or labor thereon of any kind, or for
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 under Title 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. I
F202 - Labor and Material Bond Page 1 of 2
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,
onOCTOBER 25„2004.
MAYER VILLA CAPRI, L.P.
Principal
(Seal)
SigMture of Principal
DEVELOPERS SURETY AND INDEMNITY COMPANY
Surety
CINDY L. RIDLEY, ATTORNEY IN FACT
Title of Signatory
17780 FITCH, SUITE 200
IRVINE, CA 92614
(949)263-3300
F202 - Labor and Material Bond Page 2 of 2
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
SS.
On OCT 2 5 2004 , before me, DEBRA K. BELL, NOTARY PUBLIC
PERSONALLY APPEARED
CINDY L. RIDLEY
personally known to me (or 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 acknowl-
edged 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.
WITNESS my hand and official seal.
Signature J
j ,C__lL
OPTIONAL
w DEBRA K. BELL
CDmmission # 1430084
Notary Public - California
LOS ANGELES County
I My Comm EXPRS JUL 30, 2007
This area for Official Notarial Seal
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER
❑ INDIVIDUAL
❑ CORPORATE OFFICER
TITLE(S)
❑ PARTNER(S) ❑ LIMITED
❑ GENERAL
Ek ATTORNEY -IN -FACT
❑ TRUSTEE(S)
❑ GUARDIAN/CONSERVATOR
❑ OTHER:
SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES)
DESCRIPTION OF ATTACHED DOCUMENT
TITLE OR TYPE OF DOCUMENT
NUMBER OF PAGES
DATE OF DOCUMENT
SIGNER(S) OTHER THAN NAMED ABOVE
ID-081 Rev.6/94 ALL-PURPOSE ACKNOWLEDGEMENT
POWER OF ATTORNEY FOR
DEVELOPERS SURETY AND INDEMNITY COMPANY
INDEMNITY COMPANY OF CALIFORNIA
PO BOX 19725. IRVINE, CA 92623 (949) 263-3300
KNOW ALL MEN BY TIIESE PRESENTS, that except as expressly limited. DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY
COMPANY OF CALIFORNIA, do each, hereby make, constitute and appoint:
***Cindy L. Ridley, Cheryl Caiger, W.W. Jelks,Cassie J. Berrisford, Christopher J. Rizzotti, Debra Bell, Janet
L. Shaw, Scot Drake, jointly or severally***
aS their true and lawful Attorney(s)-in-Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporationS, as sureties, bonds, undertakings
and contracts of suretyship giving and granting unto said Attorney(s)-in-Fact full power and authority to do and to perform every act necessary, requisite or Proper
to be done in connection therewith as each of said corporations could do, but reserving to each of said corporations full power ot'Substitution and revocation, and
all of the acts of said Attorney(s)-in-Fact, pursuant to these presents, are hereby ratified and confirmed.
This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of
DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA. effective as of November I, 2000:
RESOLVED, that the Chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby is, authorized to
execute Powers ofAttorncy, qualifying the attorncy(s) named in the Powers of Attorney to execute, on behalf of the corporations, bonds, undertakings and contracts
Of Suretyship; and that the Secretary or any Assistant Secretary of the corporations be, and each of them hereby is, authorized to attest the execution of any such
Power of Attorney;
RESOLVED. FURTI IER, that the SiUnatures Of Such officers may be affixed to any such Power ofAttorncy or to any certificate relating thereto by
firesimile, and any Such Power ofAttorncy or certificate bearing Such facsimile si-natm-CS Shall be valid and binding upon the corporation when so affixed and in
the future with respect to any bond, undertaking or contract of suretyship to which it is attached -
IN WITNESS WHEREOF, DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused
these presents to be Signed by their respective Executive Vice President and attested by their respective Secretary this I st day of October, 2003.
By: `,� ANDr PANY-
David H. Rhodes, Executive Vice -President
By; U- zt7oo
Walter A. Crowell, Secretary
STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
�QpRp p q N�c•;
P 0,q
�GOq
OCT. 5
'a5 10 =n5
ups 1967
a 1936
g
•����i''•!dWP..•��a'
' lrF0�e
On October I, 2003. before me, Diane.). Kawata, personally appeared David H. Rhodes and Walter A. Crowell, personally known to me (or Proved to
me on the basis of satisfactory evidence) to be the Persons whose names are subscribed to the within instrument and acknowledged to me that they cxccutcd the
same in their authorized capacities, and that by their signathu'cS on the instrument the entity upon behalf of which the persons acted, cxccutcd the instrument.
WITNESS my hand and official seal. 52;} DIANEJ KAWATA
(,;,..*My
COMM # 1334746Notary Public - California
ORANGE COUNTYSignatUre Comm. Expires JAN, 6, 2006 A
CERTIFICATE
The undersigned, as Scnior Vice -President. Underwriting of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY
OF CALIFORNIA, does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked, and Furthermore, that the provisions
of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney, are in force as of the date of this Certificate.
This Certificate is executed in the City of Irvine, California. the day of OCT 2 5 2004
By
Wesley W. Cowling. enior Vice -President, Under% TI-,-
I D-1380 ( Rev. 10/03 )
4GaR -
inscribrgo���y
c dMD
DISCLOSURE RIDER
Terrorism Risk Insurance Act of 2002
The Terrorism Risk insurance Act of 2002 created a three-year program under which the
Federal Government will share in the payment of covered losses caused by certain events of
international terrorism. The Act requires that we notify you of certain components of the Act, and
the effect, if any, the Act will have on the premium charged for this bond.
.- Under this program, the. Federal Government will cover 90% of the amount of covered
losses caused by certified acts of terrorism, as defined by the Act. The coverage is available only
when aggregate losses resulting from a certified act -of terrorism exceed $5,000,000.00. Insurance
carriers must also meet a variable deductible established by the Act. The Act also establishes a
cap of $1,000,000,000.00 for which the Federal Government or an insurer can be responsible.
Participation in the program is mandatory for specified lines of property and casualty•
insurance, including surety insurance. The Act does not, however, create covetage in excess of
the amount of the bond, nor does it provide coverage for -any losses that are otherwise excluded
by the terms of the bond, or by operation of law.
No additional premium has been charged for the terrorism coverage required by the Act.
Developers Surety and Indemnity Company
Indemnity.Company of California
17780 Fitch, Suite 200
Irvine, CA 92614
(949) 963 3300
www:in000D[oo.com
ID-1498 (Rev. 4/03)
BOND NO.: 838762S
PREMIUM : $37,133.00/TWO YEAR
TERM
SUBDIVISION IMPROVEMENTS
Parcel Map No. 31 a-7 (,
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map
No. 31876 , prior to installation of certain designated public improvements required by the
Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code
Section 66462)
WHEREAS, the City Council of the City of La Quinta, State of California, and
MAYER VILLA CAPRI , L.P., hereinafter designated as ("principal")
have entered into an agreement whereby principal agrees to install and complete certain designated public
improvements, which said agreement, dated , 200 , and identified as
Parcel Map No. 31876 , is hereby referred to and made a part hereof; and
WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the
faithful performance of said agreement.
NOW, THEREFORE, we, the principal and DEVELOPERS SURETY
0 surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum
TWO MILLION STXTX TWO 0 1S nm DOLLARS ($ 2,062,370.00 ) 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 or their part, to be kept and performed at the time and in the manner therein
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 therefor, there
shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred
by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment
rendered.
**TWO MILLION SIXTY TWO THOUSAND THREE HUNDRED SEVENTY AND NO/100
F201 - Performance Bond Page 1 of 2
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 thereunder 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,
onp TOB .R 2 ,,200V;L•
MAYER VILLA CAPRI L.P.
Principal
(Seal) 64 �W, wi, "W- 0
Signature of Principal
(Seal)
Title -of Signatory
DEVELOPERS SURETY AND INDEMNITY COMPANY
re of
CINDY L. RIDLEY, ATTORNEY IN FACT
Title of Signatory
17780 FITCH, SUITE 200
IRVINE, CA 92614
Address of Surety
949 263-3300
Phone # of Surety
CINDY RTDT.FY (819) 552-6125
Contact Person For Surety
F201 - Performance Bond Page 2 of 2
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On OCT 2 5 2004
PERSONALLY APPEARED
SS.
,before me, DEBRA K. BELL, NOTARY PUBLIC
CINDY L. RIDLEY
personally known to me (or 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 acknowl-
edged 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.
WITNESS my hand and official seal.
Signature
OPTIONAL
,• ❑EBRA K. BELL_
Comm)SS)on # 14300$4 P"
J Notary Public - California
LOS ANGELES County
My Comm Expns JUL 30, 2007 s
This area for Official Notarial Seal
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER
❑ INDIVIDUAL
❑ CORPORATE OFFICER
TITLE(S)
❑ PARTNER(S) ❑ LIMITED
❑ GENERAL
D ATTORNEY -IN -FACT
❑ TRUSTEE(S)
❑ GUARDIAN/CONSERVATOR
❑ OTHER:
SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES)
DESCRIPTION OF ATTACHED DOCUMENT
TITLE OR TYPE OF DOCUMENT
NUMBER OF PAGES
DATE OF DOCUMENT
SIGNER(S) OTHER THAN NAMED ABOVE
ID-081 r4ev.6/94 ALL-PURPOSE ACKNOWLEDGEMENT
POWER OF ATTORNEY FOR
DEVELOPERS SURETY AND INDEMNITY COMPANY
INDEMNITY COMPANY OF CALIFORNIA
PO BOX 19725. IRVINE, CA 92623 (949) 263-3300
KNOW ALL MEN BY THESE PRESENTS, that except as expressly limited, DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY
COMPANY OF CALIFORNIA, do each, hereby make, constitute and appoint:
***Cindy L. Ridley, Cheryl Caiger, W.W. Jelks,Cassie J. Berrisford, Christopher J. Rizzotti, Debra Bell, Janet
L. Shaw, Scot Drake, jointly or severally***
as their true and lawful Attorney(s)-in-Fact, to make, execute. deliver and acknowledge, for and on behaIrof said corporations, a SUreties, bonds, undertakings
and contracts of suretyship giving and granting unto said Attorney(s)-in-Fact full pocvCr and authority to do and to perform every act necessaiy, requisite or proper
to be clone in connection therewith as each of said corporations could do, but reserving to cacti of said corporations full power of Substitution and revocation, and
all of the acts of said Attorncy(s)-in-Fact, pursuant to these prCSCnts, arc hereby ratified and confirmed.
This Power of Attorney is granted and is signed by facsimile Under and by authority of the following resolutionS adopted by the respective Board of Directors of
DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA. effective as or November I, 2000:
RESOLVED, that the Chairman of the Board, the President and any Vice President orthe corporation be, and that cash of them hereby is, authorized to
exccutc Powers of Attorney, qualifying the attorney(s) named in the Powers of Attorney to execute, on behalf of the corporations, bonds, undertakings and contracts
Of suretyship; and that the Secretary or any Assistant Secretary of the corporations be, and each of them hereby is, authorized to attest the execution of any Stich
Power of Attorney;
RESOLVED. FURTI IER, that the signatwes of such officers may be affixed to any Such Power of Attorney onto any certificate relating thereto by
facsimile, and any Such Power of Attorney or certificate bearing such facsimile signehirCS shall be valid and binding upon the corporation when So affixed and in
the future with respect to any bond, undertaking or contact of suretyship to which it is attached.
IN WITNESS WHEREOF, DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have Severally caused
these presents to be signed by their respective Executive Vice President and attested by their respective Secretary this I st day of October, 2003.
By �,.0". AND ..n9�Nq
David H. Rhodes, Executive Vice -President
:tee OCT.
'_4 10 cn-
By: ��j':, 1 9 3 6
Walter A. 0'owel1. Secretary ., 1 A
STATE OF CALIFORNIA )
)SS,
COUNTY OF ORANGE )
On October I, 2003. before me, Diane.1. Kawata, Personally appeared David H. Rhodes and Walter A. Crowell, personally known to me (or proved to
me on the basis of satisfactoiy evidence) to be the persons whose names arc Subscribed to the within instl'umcnt and acknowledged to me that they cxccutcd the
same in their authorized capacities, and that by their Signatures on the instrument the entity Upon behalfofwhich the persons acted, cxccutcd the instrument,
WITNESS n1Y hand and official Seal.
•
O
DIANE J. KAWATA
COMM. # 1334746 �
!iQ
Notary Public - CaliforniaO
n-1 �
ORANGE COUNTY _
Sigilatrire 'r°Fi"
My Comm. Expires JAN 6, 2006
CERTIFICATE
The undersi_ned, as Senior Vicc-President. Underwriting of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY
OF CALIFORNIA, does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked, and furthermore, that the provisions
of the resolutionS of the respective Boards of Directors of said corporations set forth in the Power of Attorney, are in force as of the date of this Certificate.
This C'crtitirltc is cxccutcd in the City of h•vinc, California, the clay of OCT 2 5 2004
By
Wesley W. Cowl ing.L&nior Vice -President. Underwri ii
11
ID-1380 (Rev. 10/03)
4aa
AMP
DISCLOSURE RIDER
Terrorism Risk Insurance Act of 2002
The Terrorism Risk Insurance Act of 2002 created a three-year program under which the
Federal Government will share in .the payment of covered losses caused by certain events of
international terrorism. The Act requires that we notify you of certain components of the Act, and
the effect, if any, the Act will have on the premium charged for this bond
- Under this program, the- Federal Government will cover 90% of the amount of covered
losses caused by certified acts of terrorism, as defined by the Act. The coverage is available only
when aggregate losses resulting from a certified act -of terrorism exceed $5,000,000.00. Insurance
carriers must also meet a variable deductible established by the Act. The Act also establishes a
cap of $1,000,000,000.00 for which the Federal Government or an insurer can be responsible.
Participation in the program is mandatory for specified lines of property and casualty -
insurance, including surety insurance. The Act does not, however, create coverage in excess of
the amount of the bond, nor does it provide coverage for'any losses that are otherwise excluded
by the terms of the bond, or by operation of law.
No additional premium has been charged for the terrorism coverage required by the Act.
Developers Surety and Indemnity Company
Indemnity. Company of Callfornla
17780 Fitch, Suite 200
Irvine, CA 92614
(949) 263 3300
wwwiln000Dloo.com
ID-1498 (Rev. 4/03)
Liberty Mutual.
SURETY
Attn: CITY OF LA QUINTA
RE: Change Surety Company
Principal: Mayer Villa Capri
Surety Bond Number: 838762S
Bond Amount: $2,062,370.00
Original Surety: Developers Surety & Indemnity Company
New Surety: The Ohio Casualty Insurance Company
Change Surety Company
Assumption of Liability Rider
• Effective,11/1/2019 the original surety on the above referenced surety bond, Developers Surety &
Indemnity Company is replaced with The Ohio Casualty Insurance Company.
• On the effective date, The Ohio Casualty Insurance Company assumes all obligations of the original surety
from the date of issuance of the Surety Bond and all obligations of Developers Surety & Indemnity Company
under the Bond are extinguished. '
• Obligee's signature on this Rider confirms its consent to this substitution and release of the original surety
on the effective date.
• All notices, including claims, should be sent to:
Liberty Mutual Surety
P.O. Box 34526
Seattle, WA 98154
Attention: LMS Claims
With the exception of the substitution of Surety Company pursuant to this Rider, all terms and conditions of
the Surety Bond remain in full force and effect. This Assumption of Liability Rider shall not, in any respect,
vary, waive, alter or extend the terms, conditions and obligations of the Bond.
Signed and dated this 15Y day of November, 2019.
NEW SURETY: The Ohio Casualty Insurance Company
By: v
Renee Llewellyn, Assistant Secretary
OBLIGEE:
By:
MONIKA RADEVA, City Clerk
City of La Quinta, California
92019 Liberty Mutual Insurance
SL-7601 B 10/19 1 oz - #10 - J000000 - 25 - 50
Liberty mutual
SURETY
November 1, 2019
1 oz - #10 - Jo00oo0 - 25 - 49
CITY OF LA QUINTA
78 495 CALLE TAMPICO
LA QUINTA CA 92253
Dear Obligee:
Liberty Mutual Surety
2200 Renaissance Boulevard, Suite 400
King of Prussia, PA 19406
RECEIVED
DEC 4 2019
On May 31, 2019 Liberty Mutual Insurance Company ("Liberty") acquired the U.S. surety operations of AmTrust
Financial Services which includes Developers Surety & Indemnity Company, CorePointe Insurance Company,
Indemnity Company of California and Wesco Insurance Company. Liberty is now liable for the above referenced
surety obligation.
To memorialize and clarify the liability of Liberty for the referenced obligation, we have enclosed an Assumption
of Liability Rider ("Rider"). Depending on the obligation, the surety on the Rider is Liberty or Ohio Casualty
Insurance Company ("OCIC"). Liberty is an admitted surety in good standing with a U.S. Treasury Listing of
$1,289,139,000. OCIC is an admitted surety in good standing with a U.S. Treasury Listing of $175,415,000.
As noted on the Rider, upon the effective date the assuming surety will be the surety as if the new surety
originally issued the bond. In recognition of this assumption, we asl< that you sign the enclosed Rider and
electronically return a copy to:
If you have any questions or concerns regarding this process, please contact:
Lucille Raymond (LuL&.RavmondCa�lihertymutLial corn / (949) 263-3371) or
Christina Thorpe ( / (610) 832-8431).
Thank you for your cooperation -
Sincerely,
Liberty Mutual Surety
Enclosure - Rider
02019 Liberty Mutual Insurance
SL-7601 A 10/19 1 oz - #10 - J000000 - 25 - 49
Monika Radeva
From: Monika Radeva
Sent: Sunday, December 8, 2019 1:50 PM
To: AmtrustRider@LibertyMutual.com; Debra.BelI@LibertyMutual.com
Cc: Monika Radeva; Nichole Romane
Subject: City of La Quinta - Liberty Mutual Assumption of Liability Riders - Signed
Attachments: Mayer Villa Capri - Bond # 838762S; $2,062,370.pdf; RJT Homes - Bond # 871469S;
$33,210.pdf, Salammbo, LLC - Bond # 381292S; $42,000.pdf; Desert Cheyenne Inc -
Bond # 819533S; $1,327,805.pdf; Desert Cheyenne Inc - Bond # 819472S; $62,809.pdf;
WSA LP - Bond # 894464S; 213,281.pdf, WSA LP - Bond # 894465S; $15,150.pdf; WSA
LP - Bond # 894466S; $266,847.pdf; WSA LP - Bond # 894467S; $294,777.pdf
Good afternoon,
Attached are the signed Assumption of Liability Riders received by the City of La Quinta
for the following entities:
■ Mayer Villa Capri - Bond # 838762S for $2,062,370
• RJT Homes - Bond # 871469S for $33,210
■ Salammbo, LLC - Bond # 381292S for $42,000
• Desert Cheyenne Inc - Bond # 819533S for $1,327,805
• Desert Cheyenne Inc - Bond # 819472S for $62,809
■ Washington Street Apartments LP - Bond # 894464S for $213,281
• Washington Street Apartments LP - Bond # 894465S for $15,150
• Washington Street Apartments LP - Bond # 894466S for $266,847
• Washington Street Apartments LP - Bond # 894467S for $294,777
Please let me know if you need anything else on my part.
Thank you.
ta Quiea
CALIFOK N'l,a
Monika Radeva, CMC I City Clerk
City of La Quinta
78495 Calle Tampico, La Quinta, CA 92253
Tel: (760) 777-7035
Email: MRadeva@LaQuintaCA,gov
www.La uintaCA.aov.
www. PlayI n LoQui nto. co m
I