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32879 Lennar Homes - OBR & Released BondsOUTSTANDING BOND REPORT Tract Number: 32879 Development: Griffin Ranch Developer/Owner: Lennar Homes of California, Inc. Bond Company: Liberty Mutual Insurance Company 790 The City Drive, Suite 200 Orange, CA 92868 Attn: Jim Hume Outstanding / Released Bonds: Bond Type Bond No. Amount: Date Replaced or Released Performance 024053952 024053954 024053953 $1,043,708 $774,568 $4,972,995 $1,781,362 rider Released 12/23/2025 (now part of TM 38083) Released 01/23/2026 Replaced w/ rider 11/08/2019 Labor & Material 024053954 $774,568 Warranty 024053954-M $48,715 RELEASED BOND REPORT Tract Number: 32879 Development: Griffin Ranch Developer/Owner: McComic-Griffin, LLC Bond Company: Insurance Company of the West 11455 El Camino Real San Diego, CA 92130 Attn: Norman Robonovitz Released Bonds: Bond Type Bond No. Amount: Date Replaced or Released Grading 2167269 $303,410 Released 02/24/2014 Fugitive Dust Control (PM 10) 2159414 2167260 $259,500 $40,500 Released 02/24/2014 Released 02/24/2014 Performance 2173193 2173194 2173195 2173196 2173197 2173198 $1,783,475 $633,851 rider $153,065 $98,679 rider $679,028 $223,033 rider $6,388,760 $4,118,604 rider $3,308,903 $1,348,411 rider $919,908 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 2173199 2173201 2173200 $374,872 rider $3,578,938 $2,024,293 rider $342.413 $112,468 rider $56,925 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Reduced w/rider on 07/23/08 Released 02/24/2014 Released 02/24/2014 Labor & Material 2173193 2173194 2173195 2173196 2173197 2173198 2173199 2103201 $1,783,475 $153,065 $679,028 $6,388,760 $3,308,903 $919,908 $3,578,938 $3,424,125 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Released 02/24/2014 Cash Securities CD #2070003763 CD #2070003863 $86,506.26 $13,504.67 Closed - Check to Finance Closed - Check to Finance ta Qa�tra CALIFORNIA Date: January 21, 2026 To: Monika Radeva, City Clerk Via: Bryan McKinney, P.E., Public Works Director / City Engineer From: Amy Yu, Associate Engineer lk� - Re: TM 32879, Griffin Ranch, Bond Release and Retain Warranty Bond Please release the following bonds held in your files for the above referenced tract. The performance bond is to be released now and the labor & materials bond is to be released on April 20, 2026 (90 days after City Council acceptance of the improvements). The off -site improvements were accepted by City Council on January 20, 2025. The bond amounts and the address to the developer and surety company are as follows: Tract Map No. 32879 Bond Description Bond No. Bond Amount Performance 024053954 $774,568 Labor & Materials 024053954 $774,568 Please retain the attached Warranty Bond for the above referenced project for off -site improvements. Warranty Bond Number Warranty Security 024053954-M $48,715 Developer: Jennifer Johnson Lennar Homes 980 Montecito Dr. #302 Corona, CA 92879 Surety Company: Liberty Mutual Insurance Company 790 The City Drive, Suite 200 Orange, CA 92868 Attn: Jim Hume If you have any questions, please contact me at extension 7047. Thank You. City of La Quinta CITY COUNCIL MEETING: January 20, 2026 STAFF REPORT AGENDA TITLE: ACCEPT OFF-SITE IMPROVEMENTS ASSOCIATED WITH THE GRIFFIN RANCH RESIDENTIAL DEVELOPMENT, TRACT MAP NO. 32879, LOCATED AT THE SOUTHEAST CORNER OF AVENUE 54 AND MADISON STREET RECOMMENDATION Accept the off-site improvements associated with Tract Map No. 32879, Griffin Ranch; authorize staff to release performance securities; and direct staff to release the labor and materials security 90 days after City Council acceptance of the improvements. EXECUTIVE SUMMARY •Griffin Ranch is a residential development project located at the southeast corner of Avenue 54 and Madison Street (Attachment 1). •Lennar Homes of California, Inc. (Developer) has requested release of the performance, labor and materials securities. •Staff has verified satisfactory completion of the off-site improvements and staff recommends acceptance, and release of the performance, labor and materials securities. FISCAL IMPACT – None. BACKGROUND/ANALYSIS All off-site improvements required by Tract Map No. 32879 have been completed. The improvements include pavement, curb and gutter, signing and striping, storm drain, driveways, sidewalk, multi-use trail, water, sewer, dry utilities, and landscaping. The Developer has submitted an in-lieu cash payment of $107,500 towards the future traffic signal at the Avenue 54 and Madison Street intersection. Staff inspected the off-site improvements and verified they meet City-approved plans and standards. CONSENT CALENDAR ITEM NO. 9 57 ALTERNATIVES Accepting improvements is a ministerial action necessary for the release of the improvement securities. Since the improvements have been inspected and meet City standards, staff does not recommend an alternative action. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map 58 V I C I N I T Y M A P 127726&$/( TM 32879 GRIFFIN RANCH ATTACHMENT 1 59 January 23, 2026 Jennifer Johnson Lennar Homes 980 Montecito Dr., Suite 302 Corona, CA 92879 RE: TRACT MAP 32879 GRIFFIN RANCH – RELEASE OF BOND To Whom it May Concern: Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office has hereby released the following bond and notified Liberty Mutual Insurance Company on 01/23/2026. Bond Number Bond Amount Bond Type 024053954 $774,568 Performance The original paper bond is enclosed. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777-7162 January 23, 2026 Liberty Mutual Insurance Company 790 The City Drive, Suite 200 Orange, CA 92868 Attn: Jim Hume RE: TRACT MAP 32879 GRIFFIN RANCH – RELEASE OF BOND To Whom it May Concern: Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office hereby releases the following bond: Bond Number Bond Amount Bond Type 024053954 $774,568 Performance A copy of the bond being released is enclosed for your reference. Lennar Homes, the developer, was also notified of the above bond release on 01/23/2026. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777 - 7162 Executed in Duplicate SUBDIVISION IMPROVEMENTS Tract Map No. 32879 Griffin Ranch PERFORMANCE BOND Bond No. 024053954 Premium: $3,486.00 per annum KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , priorto installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and Lennar Homes of California, Inc. hereinafter designated as ("principal') have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 and identified as Tract Map No. 32879 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Liberty Mutual Insurance Company NOW, THEREFORE, we, the principal and _, as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City), in the penal sum of Seven Hundred Seventy Four Thousand, Five Hundred Sixty Eight & 001100 DOLLARS ($ 774,568.00) 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 therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorneys fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment 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. ACKNOWLEDGEMENT STATE OF CALIFORNIA COUNTY OF RIVERSIDE On January 17, 2013, before me, Sherry Alworth, a Notary Public for the State of California, personally appeared Jeffrey T. Clemens, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, 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 d and o cial seal. Signature (Seal) My Commission expires October 23, 2015 SHERRY ALWORTH Commission # 1957861 i z ? : Notary Public - California Z °','~.a„tea Orange County ft D My Comm. Expires Oc128, _ CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Orange On JAN 17 2014 DATE before me, Kathy R. Mair, Notary Public jName of Notary Public and Title "Notary Public "I personally appeared Mechelle Larkin ------------------------------------- , (Name(s) of Signer(s)I who proved to me on the basis of satisfactory evidence to be the person(,) whose nameW is/aye subscribed to the within instrument and acknowledged to me that he/she/" executed the same in 4s/her/the4 authorized capacityoe-s), and that by 4s/her/t#e+r 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. s —^— KATHY R. MAIR WITNESS my hand and official seal. KA Commission # 2021597 z (Votary Public California Z ) Z' Orange County/ 1 My Comm. Expires May 22, 2017 Signature of Notary ublic lX (Seal) --------------------------------------- OPTIONAL -------------------------------------------- Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer Signer's Name: Mechelle Larkin Individual Corporate Officer — Title(s): Partner — ❑ Limited ❑ General Attorney -in -Fact Trustee Guardian or Conservator Other: Signer Is Representing: Number of Pages: THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. 5156556 This Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No. American Fire and Casualty Company Liberty Mutual Insurance Company The Ohio Casualty Insurance Company Peerless Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS: That American Fire & Casualty Company and The Ohio Casualty Insurance Company are corporations duly organized under the laws of the State of Ohio, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, that Peerless Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana (herein collectively called the "Companies"), pursuant to and by authority herein set forth, does hereby name, constitute and appoint, CESAR F. JAVIER, JEFFREY STRASSNER, NATALIE K. TROFIMOFF, TENZER V. CUNNINGHAM, PATRICIA S. TALAVERA, BRENDA WONG, ALL OF THE CITY OF LOS ANGELES, STATE OF CALIFORNIA, IRENE LAU, KATHY R. MAIR, MECHELLELARKIN.................................................•-'---------...........................................---------'-------'---'-'---................-•--"---'---'---------------------------------------------------------------------------------------------------------------------- all of the city of NEWPORT BEACH , state of CALIFORNIA each individually if there be more than one named, its true and lawful attorney -in -fact to make, execute, seal, acknowledge and deliver, for and on its behalf as surety and as its act and deed, any and all undertakings, bonds, recognizances and other surety obligations, in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF, this PowerofAttorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 81h day of February , 2012 HS?;Asu �;'.I ... ^fir. v =z•i �,cr."'v it tF t rt � _"�'% Wf '/ C�^ (/,.' u•^'un,r �,�,i.f;x.f. ;aiiii STATE OF WASHINGTON ss COUNTY OF KING American Fire and Casualty Company The Ohio Casualty Insurance Company Liberty Mutual Insurance Company Peerless Insurance Company West American Insurance Company By: Gregory W. Davenport, Assistant Secretary On this 8th day of February , 2012 , before me personally appeared Gregory W. Davenport, who acknowledged himself to be the Assistant Secretary of American Fire and Casualty Company, Liberty Mutual Insurance Company, The Ohio Casualty Company, Peerless Insurance Company and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes therein contained by signing on behalf of the corporations by himself as a duly authorized officer. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seal at Seattle, Washington, on the day and year first above written. By: KID Riley, Nota Public This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of American Fire and Casualty Company, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, West American Insurance Company and Peerless Insurance Company, which resolutions are now in full force and effect reading as follows: ARTICLE IV - OFFICERS - Section 12. Power of Attorney. Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President, and subject to such limitation as the Chairman or the President may prescribe, shall appoint such attorneys -in -fact, as may be necessary to act in behalf of the Corporation to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Such attorneys -in -fact, subject to the limitations set forth in their respective powers of attorney, shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so executed, such instruments shall be as binding as if signed by the President and attested to by the Secretary. Any power or authority granted to any representative or attorney -in -fact under the provisions of this article may be revoked at any time by the Board, the Chairman, the President or by the officer or officers granting such power or authority. ARTICLE XIII - Execution of Contracts - SECTION 5. Surety Bonds and Undertakings. Any officer of the Company authorized for that purpose in writing by the chairman or the president, and subject to such limitations as the chairman or the president may prescribe, shall appoint such attorneys -in -fact, as may be necessary to act in behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Such attorneys -in -fact subject to the limitations set forth in their respective powers of attorney, shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so executed such instruments shall be as binding as if signed by the president and attested by the secretary. Certificate of Designation - The President of the Company, acting pursuant to the Bylaws of the Company, authorizes Gregory W. Davenport, Assistant Secretary to appoint such attorney -in -fact as may be necessary to act on behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Authorization - By unanimous consent of the Company's Board of Directors, the Company consents that facsimile or mechanically reproduced signature of any assistant secretary or other officer of the Company, wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds, shall be valid and biding upon the Company with the same force and effect as though manually affixed. I, David M. Carey, the undersigned, Assistant Secretary, of American Fire and Casualty Company, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, West American Insurance Company and Peerless Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full above and foregoing is a true and correct copy of the Power of Attorney executed by said Companies, which is in full force and effect and has not been revoked. J Q N 17 2014 IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seals of said Companies this day of , 20 #•%w F. 3fkT ED _ z Y• 1 �' �?: David M. Carey, Assistant Secretary T lC N In d in C M C O v� >'LU m C o CL Q M O'q d C 3M of L N O t O O C `a 3 >� d� wC4 M C; 00 Oo v� N er— POA-AFCC, LMIC, OCIC, PIC & WAIC LMS-12873_012012 ACKNOWLEDGEMENT STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) On January 17, 2013, before me, Sherry Alworth, a Notary Public for the State of California, personally appeared Jeffrey T. Clemens, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, 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. Signature My Commission expires October 23, 2015 (Seal) SHERRY ALWORTH Commission # 1957861 ¢� '°'=1.'•;JI" Z :M1•_:. p�..i�q N otary Public California z �G; I s Orange County My Comm. Expires Oct 23. 2015 MEMORANDUM Date: December 22, 2025 To: Monika Radeva, City Clerk Via: Bryan McKinney, P.E., Public Works Director / City Engineer From: Amy Yu, Associate Engineer Re: TM 32879, Griffin Ranch Estates Lots, Bond Release for On-Site Improvements Please release the following bond held in your files for the above referenced tract for the Estates Lots. The Estates Lots are now part of TM 38083 and TM 38083 has a separate SIA with bonds posted. The bond amount and the address to the developer and surety company are as follows: Bond Description Bond No.Bond Amount Performance 024053952 $1,043,708 Tract Map No. 32879 Developer: Jennifer Johnson Lennar Homes 980 Montecito Dr., Suite 300 Corona, CA 92879 Surety Company: Liberty Mutual Insurance Company 790 The City Drive, Suite 200 Orange, CA 92868 Attn: Jim Hume If you have any questions, please contact me at extension 7047. Thank You. December 26, 2025 Jennifer Johnson Lennar Homes 980 Montecito Dr. # 302 Corona, CA 92879 RE: TRACT MAP 32879 GRIFFIN RANCH – RELEASE OF BOND To Whom it May Concern: Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office has hereby released the following bonds and notified Liberty Mutual Insurance Company on 12/26/2025. Bond Number Bond Amount Bond Type 024053952 $1,043,708 Performance The original paper bond is enclosed. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777-7162 December 26, 2025 Liberty Mutual Insurance Company 790 The City Drive, Suite 200 Orange, CA 92868 Attn: Jim Hume RE: TRACT MAP 32879 GRIFFIN RANCH – RELEASE OF BOND To Whom it May Concern: Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office hereby releases the following bond: Bond Number Bond Amount Bond Type 024053952 $1,043,708 Performance A copy of the bond being released is enclosed for your reference. Lennar Homes, the developer, was also notified of the above bonds release on 12/26/2025. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777 - 7162 Executed in Duplicate Bond No. 024053952 Premium: $4,697.00 per annum SUBDIVISION IMPROVEMENTS Tract Map No. 32879 Griffin Ranch — 20 Estate Lots PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map forTract Map No. 32879 , 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 Lennar Homes of California. Inc, 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 Tract Map No. 32879 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. Liberty Mutual NOW, THEREFORE, we, the principal and Insurance Companyas surety, are held and firmly bound unto the City of La Quinta hereinafter called {"City'), in the penal sum of One Million, Forty Three Thousand, Seven Hundred and Eight & 00/100 DOLLARS ($1.043.708.00) 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 therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorneys fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment 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 shelf 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 January 1`/ 20 14 (Seal) (Seal) Lennar Homes of California, Inc. , a California corporation Princip Sign—aWre of frintlipal — Jeffrey T. Clemens Vice President Liberty Mutual Inssjurrance� Company Surety i< Signature of Surety Mechelle Larkin, Attorney -in -Fact Title of Signatory Liberty Mutual Insurance Company 790 The City Drive Suite 200 Orange, CA 92868 Address of Surety 714-634-5723 Phone # of Surety Jim Hume Contact Person For Surety CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Orange On JAN 171014 before me, Kathy R. Mair, Notary Public DATE [Name of Notary Public and Title "Notary Public"] personally appeared Mechelle Larkin ------------------------------------- [Name(s) of Signer(s)] who proved to me on the basis of satisfactory evidence to be the persons) whose names) is/are subscribed to the within instrument and acknowledged to me that he/she/" executed the same in kris/her/their authorized capacity#es), and that by #is/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the personal 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. KATHY R. MAIR Commission # 2021597 i '-u Notary Public - California i z Orange County My Comm. Expires May 22, 2017 — (Seal) WITNESS my hand and official seal. crn pppp��n Signature of N ary Public ------------------------------------------ --- OPTIONAL ------------------------------------------ Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer Signer's Name: Mechelle Larkin ❑ Individual ❑ Corporate Officer —Title(s): ❑ Partner— ❑ Limited ❑ General ® Attorney -in -Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Number of Pages: ACKNOWLEDGEMENT STATE OF CALIFORNIA COUNTY OF RIVERSIDE On January 17, 2013, before me, Sherry Alworth, a Notary Public for the State of California, personally appeared Jeffrey T. Clemens, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, 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. WITNESSAmyandjanofficial seal. Signature (Seal) My Commission expires October 23, 2015 SHERRY ALWORTH Commission # 1957861 Notary Public - California Orange County My Comm. Expires Oct 23. 20151 T4t4t 4 P Q" MEMORANDUM To: Susan Maysels, City Clerk From: Ed Wimmer, P.E., Development Services Principal Engineer 1 z7p Via: �I mothy R. Jonasson, P.E., Public Works Director/ City Engineer Date: February 20, 2014 Subject: Release of Securities for Tract Map No. 32879, Griffin Ranch Please release the following Performance and Labor & Materials securities held in your files for the above referenced tract. On November 19, 2013, City Council directed staff to release the original securities associated with the original on -site and offsite SIAs upon receipt of the new securities with the new Replacement SIAs. The security amounts and the address to the developer and Surety Company are as follows: TRACT No. 32879 Bond No. Performance Bond Amount Labor & Materials Bond Amount 21731 93 ✓ $ 633,851 (reduced) / $1,783,475 21731 94 $ 98,676 (reduced) V $153,065 21 T 31 95 ,/ $ 223,033 (reduced) ,/ $679,028 ,/ 21731 96 $ 4,118,604 (reduced) ✓ $6,388,760 •✓ 21731 97 $ 1,348,411 (reduced) $3,308,903 21731 98 $ 374,872 (reduced) $919,908 21731 99 $ 2,024,293 (reduced) $3,578,939 217 32 01 ,/ $ 112,468 (reduced) $3,424,125 V 217 32 00 ,/, $56, 925- 216 72 60 $40,500 2159414 $259,500- 216 72 69 ✓ $303,410 Developer: Mr. Chris McComic McComic-Griffin, LLC 11770 Treeview PI San Diego, CA 92131 Page 1 of 2 Surety Company: Insurance Company of the West 11455 El Camino Real San Diego, CA 92130 Cc: Project File I, Tract Map No. 32879 Page 2 of 2 T4'yl 4 1XP4a&rw MEMORANDUM TO: Susan Maysels, City Clerk FROM: Amy Yu, Assistant Civil Engineer Aa' VIA: d Wimmer, P.E., Development Services Principal Enginee imothy R. Jonasson, P.E., Public Works Director/City En Ineer DATE: May 16, 2014 RE: PM 10 Cash Securities for Tract Map 32879, Griffin Ranch Please update your file to show CD#2070003763 and CD#2070003863 have been closed. These two CDs are replaced with checks from California Bank and Trust in the amounts of $86,506.26 and $13,504.67 and were sent to the Finance Department. If you have any questions, please contact Ed Wimmer at extension 7088. Thank You. T:\Tracts_Parcel Maps_SP\30000-39999\32879, Griffin Ranch\internal correspondence\5-16-2014 PM10 Cash Deposit memo to City Clerk.doc Cis 6e'jQ'v3 AUTOMATICALLY RENEWABLE , M 3 ? C B CALIFORNIA BANK TRUST TRUST ISSUED AT SAN DIEGO 207 OFFICE SAN DIEGO CA DATE JUNE 6TH, 2005 GRIFFIN RANCH LLC (CITY OR TOWN) 2070003863(STATE) (CUSTOMER NAME) (CUSTOMER NUMBER) EIGHTY SIN THOUSAND FIVE HUNDRED 00/100 DOLLARS $ 86,5OO.00 HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK &TRUST PAYABLE TO CITY OF LA QUINTA OR ORDER UPON MATURITY AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATE, PROPERLY ENDORSED, AT THE ABOVE OFFICE, THE MATURITY OF THIS CERTIFICATE WILL BE =1 2 /03 / 05YaXXX_ AFTER DATE, AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS UNLESS: (A) AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY, THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY, OR (B) UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED MATURITY DATE, THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT. SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF " • 6S % PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY, AS ABOVE PROVIDED. AND SUCH INTEREST WILL BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK. THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTH IZE kSlI a AUTOMATICALLY RENEWABLE SAN DIEGO 207 ISSUED AT C B CALIFORNIA BANK TRUST TRUST OFFICE SAN DIEGO CA MCCOMIC GRIFFIN LLC (CUSTOMER NAME) THIRTEEN THOUSAND FIVE HUNDRED 00/100 (CITY OR TOWN) 2070003763 JUNE 6TH, 2005 DATE (STATE) (CUSTOMER NUMBER) DOLLARS $ 13,500.00 - HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK & TRUST PAYABLE TO CITY OF LA QUINTA OR ORDER UPON MATURITY AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATE, PROPERLY ENDORSED, AT THE ABOVE OFFICE. THE MATURITY OF THIS CERTIFICATE WILL BE XN_ xXX12/ X, 3/057,X iAFTER DATE. AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS UNLESS: (A) AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY, THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY, OR (8) UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED MATURITY DATE, THIS CERTIFICATE IS PRESENTED AND SURRENDEF�D (�Zj Fj1 PAYMENT. , SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF % PER ANNUM 1' FROM DATE HEREOF UNTIL ULTIMATE MATURITY, AS ABOVE PROVIDED, AND SUCH INTEREST WILL BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK. (, THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTHORIZED GNATU I.C.W. GROUP NINSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3193 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 1,783,475.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $1,783,475.00 TO $633,851.00 This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: KATHY V ERSLICE Attorney -In -Fact GN-ICW 179 (&/00) BOND NO. 217 31 93 PREMIUM $21,402.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public 9 improvements, which said agreement, dated January 16 , 2006 , and identified as Tract Map No. 32879 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of ONE MILLION SEVEN HUNDRED EIGHTY THREE THOUSAND FOUR HUNDRED SEVENTY FIVE DOLLARS ($1, 783,475.00 ) 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. Page 1 of 2 F201 - Performance Bond BOND NO. 217 31 93 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January , 2006, and identified as Tract Map No. 32879 , is hereby referred to d made a part hereof; and an 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 ONE MILLION SEVEN HUNDRED EIGHTY THREE THOUSAND FOUR HUNDRED SEVENTY FIVEDOLLARS ($ 1,783,475.00 ), 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. Page 1 of 2 F202 - Labor and Material Bond I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3194 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 153,065.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $153,065.00 TO $98,676.00 This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: KAT�VERSLICE Attorney -In -Fact 0 S�5'.�,Z- GN-ICW 179 (9/00) BOND NO. 217 31 94 PREMIUM $1,837.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 ,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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 Janus 16, 2006 , and identified as Tract Map No. 32879 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of ONE HUNDRED FIFTY THREE THOUSAND SIXTY FIVE DOLLARS ($153,065.00 ) 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. Page 1 of 2 F201 - Performance Bond BOND NO. 217 31 94 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCC OMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 ONE HUNDRED FIFTY THREE THOUSAND SIXTY FIVE DOLLARS ($153,065.00 ), 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. F202- Labor and Material Bond Page 1 of 2 I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3195 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 679,028.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $679,028.00 TO $223,033.00 This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: KA HY DERSLICE Attorney -In -Fact 0 55 ! �Q 5we'- U JCI GN4CW 179 (9/00) BOND NO. 217 31 95 PREMIUM $8,148.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public which said agreement, dated January 16 , 2006 and identified as improvements, g is here refe o and made a part hereof, and Tract Map No. 32879 by 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"): in the penal sum v of SIX HUNDRED SEVENTY NINE THOUSAND TWENTY EIGHT Sum WeII DOLLARS truly Ro be made, bind ourselves, our awful money of the United States, for the payment of which 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 o greed ent at the tdany �ime and intion thetman�er made as therein provided, on his or their part, to be kept and pert 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. F201 - Performance Bond BOND NO. 217 31 95 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 slim of SIX HUNDRED SEVENTY NINE THOUSAND TWENTY EIGHT DOLLARS ($679,028.00 ), 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. F202 - Labor and Material Bond Page 1 of 2 I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3196 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 6,388,760.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $6,388,760.00 TO $4,118,604.00. This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: �- KA Y V ERSLICE Attorney -In -Fact GN4CW 179(8/00) BOND NO. 217 31 96 PREMIUM $64,999.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 2006 , and identified as Tract Map No. 32879 , 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of SIX MILLION THREE HUNDRED EIGHTY EIGHT THOUSAND SEVEN HUNDRED SIXTY DOLLARS ($6,3 88,760.00 ) 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. F201 - Performance Bond BOND NO. 217 31 96 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 /I of Division 3 of the Civil Code in the sum of SIX MILLION THREE HUNDRED EIGHTY EIGHT THOUSAND SEVEN HUNDRED SIXTY `t DOLLARS ($6,388,760.00 ), 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. F202 - Labor and Material Bond I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3197 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 3,308,903.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $3,308,903.00 TO $1,348,411.00. This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: z4n� KATIfY VA.20bERSLICE Attorney -In -Fact wc r +-WC-w GN-ICW 179 (8/00) BOND NO. 217 31 97 PREMIUM $37,280.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, 9 which said agreement, dated January 16, 2006 , and identified as _--.-- Tract Map No. 32879 , 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of THREE MILLION THREE HUNDRED EIGHT THOUSAND NINE HUNDRED THREE DOLLARS ($3,308,903.00 ) 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. F201 - Performance Bond BOND NO. 217 31 97 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 1 2006, and identified as Tract Map No. 32879 , 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 MILLION THREE HUNDRED EIGHT THOUSAND NINE HUNDRED THREE DOLLARS ($3,308,903.00 ), 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. 1) " 5 : V--e_ F202 - Labor and Material Bond I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3198 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 919,908.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $919,908.00 TO $374,872.00. This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By.?GGL KA;rAY V ERSLICE Attorney -In -Fact GN-1CW 179 (9/00) BOND NO. 217 31 98 PREMIUM $11,039.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16, 2006 , and identified as Tract Map No. 32879 , 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of NINE HUNDRED NINETEEN THOUSAND NINE HUNDRED EIGHT DOLLARS ($919,908.00 ) 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. F201 - Performance Bond U �, \ � BOND NO. 217 31 98 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 NINE HUNDRED NINETEEN THOUSAND NINE HUNDRED EIGHT DOLLARS ($919,908.00 ), 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. F202 - Labor and Material Bond I.C.W. GROUP ❑INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY ❑INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 3199 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 3,578,938.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $3,578,938.00 TO $2,024,293.00. This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By: KA114Y V ERSLICE Attorney -In -Fact C- GN-1CW 179 (a/00) BOND NO. 217 31 99 PREMIUM $39,710.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006 , and identified as referred to and made a part hereof; and Tract Map No. 32879 is hereby 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"): in the penal sum Of THREE MILLION FIVE HUNDRED SEVENTY EIGHT THOUSAND NINE HUNDRED THIRTY EIGHT DOLLARS ($3,578,938.00 ) 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. F201 - Performance Bond BOND NO. 217 31 99 PREMIUM INCLUDED IN PERFORMANCE BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 MILLION FIVE HUNDRED SEVENTY EIGHT THOUSAND NINE HUNDRED THIRTY EIGHT DOLLARS ($3,578,938.00 ), 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. 9 "— $ t �� F202- Labor and Material Bond ^A 5C G �� I.C.W. GROUP ®INSURANCE COMPANY OF THE WEST ❑EXPLORER INSURANCE COMPANY []INDEPENDENCE CASUALTY AND SURETY COMPANY 11455 El Camino Real, San Diego, CA 92130-2045 P.O. Box 85563, San Diego, CA 92186-5563 (858) 350-2400 FAX (858) 350-2707 www.icwgroup.com RIDER To be attached to and form part of Bond No. 217 32 01 Principal GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, LLC Amount $ 342,413.00 In Favor of THE CITY OF LA QUINTA It is agreed that : THE PERFORMANCE BOND PENALTY IS BEING REDUCED FROM $342,413.00 TO $112,468.00. This Rider is effective May 28, 2008 INSURANCE COMPANY OF THE WEST By:�.L� KAT Y V ERSLICE Attorney -In -Fact Vim" SiA--,z (7 fc,al GN-ICW 179 (8/00) BOND NO. 217 32 01 PREMIUM INCLUDED IN LABOR AND MATERIAL BOND SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 6 , 2006 , and identified Tract Map No. 32879 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of THREE HUNDRED FORTY TWO THOUSAND FOUR HUNDRED THIRTEEN DOLLARS ($342,413.00 ) 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 ormred at the timeaneement and any lterad intthetman�erntheeein as therein provided, on his or their part, to be kept and pert 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. F201 - Performance Bond BOND NO. 217 32 01 PREMIUM $38,317.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 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 Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006, and identified as Tract Map No. 32879 , 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 MILLION FOUR HUNDRED TWENTY FOUR THOUSAND ONE lil NDRED TWENTY FIVE DOLLARS ($3,424,125.00 ), 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. F202 - Labor and Material Bond BOND NO. 217 32 00 PREMIUM $683.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32879 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32879 , 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 GRIFFIN RANCH, LLC & MCCOMIC-GRIFFIN, 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 January 16 , 2006 , and identified as Tract Map No. 32879 , 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 INSURANCE COMPANY OF THE WEST as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of FIFTY SIX THOUSAND NINE HUNDRED TWENTY FIVE DOLLARS ($56,925.00 ) 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. F201 - Performance Bond Bond Number 216 72 69 Premium $ 6,568 FAITHFUL PERFORMANCE BOND (LQMC 8.02.01 & CBC 3311) Grading Bond WHEREAS, the City of La Quinta, California, is prepared to issue Encroachment Permit # q4 ZS in accordance with the La Quinta Municipal Code, and the California Building Code which is adopted by reference, to Grif f in Ranch LLC & McComic Grif f in LLC , as Principal, whereby Principal will be authorized to perform certain grading improvements identified in the permit, and as further detailed on the grading plans referenced therein, to privately -owned property generally known to the City and others as Grif f in Ranch ; and WHEREAS, Said Principal is required under the terms of the permit to furnish a bond for the faithful performance of the grading work in accordance with the approved plans, specifications, and permit requirements; or, if the work is abandoned (not completed as required), Principal shall correct or eliminate any hazardous conditions that may exist. NOW, therefore, we the Principal and Insurance Company Of The West as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum ofThree Hundred Three Thousand Four Hundred Ten Dollars & 00/100 Dollars ($303 , 410.00 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 bonded 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 permit 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 Obligee, 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 obligaton 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 the Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgement rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the permit or to the work to be performed thereunder or the specifications accompanying the same shall in anywise 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 permit or to the work or to the specifications. Page 1 of 2 F210 BOND NUMBER: 215 94 14 FAITHFUL PERFORMANCE BOND PREMIUM: $5,690.00 (LQMC 6.16) Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize Griffin Ranch, LLC , as Principal, to proceed with certain construction activities pursuant to one, or more permits issued by the City, for various infrastructure improvements and/or structures on, or associated with, privately -owned propertygenerallyknown to the City and others as Tract 32879 �? 3 �� r c } ' a WHEREAS, all such construction and demolition activities must be performed in such manner as to conform with La Quinta Municipal Code, Chaper 6.16, entitled Fugitive Dust Control to reduce fugitive dust and corresponding PM10 emissions, and WHEREAS, said Principal is required by LQMC 6.16.050(A)(4) to ensure that Fugitive Dust Control Plan # , prepared specifically for the subject construction site, is financially secure by furnishing security for the faithful performance of the dust control activitities required in the Fugitive Dust Mitigation Plan. NOW, therefore, we the Principal and Insurance Company of the West as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of Two hundred fiftv nine thousand five hundred and no/100ths Dollars ($ 259,500.00) 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 bonded to anddPrincipal, abidehis by,randheirs, well a d truly keep administrators, successors or assigns, shall in all things stand and perform the covenants, conditions and provisions in the said ad d t ontrol rmedl an at the time aand any lndr ration thereof made as therein provided, on his or their part, to be keptp erfothe manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the Obligee, 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 obligaton secured hereby and in addition to the faca mount specified therefor, there incurred be included costs and reason cable expenses and fees, including by the Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgement rendered. The surety hereby stipulates and agrees that no change, extension der time, alteration it specificationsatioraddition to the terms of the dust control plan or to th\eIs °rk to affectits hon this bond, and does hereby waive accompanying the same shall in any notice of any such change, extension of time, alteration or addition to the terms of the dust control plan or to the work, the specifications, or the conditions of approval of said plan. Page 1 of 2 F211 BOND NUMBER: 216 72 60 PREMIUM: $1,013.00 FAITHFUL PERFORMANCE BOND (LQMC 6.16) Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize McComic-Griffin, LLC , as Principal, to proceed with certain construction activities pursuant to one, or more permits issued by the City, for various infrastructure improvements and/or structures on, or associated with, privately -owned property generally known to the City and others as Tract 32879 Z-7 -C.Gyr-) ; and WHEREAS, all such construction and demolition activities must be performed in such manner as to conform with La Quinta Municipal Code, Chaper 6.16, entitled Fugitive Dust Control to reduce fugitive dust and corresponding PM10 emissions; and WHEREAS, said Principal is required by LQMC 6.16.050(A)(4) to ensure that Fugitive Dust Control Plan # © S O33 , prepared specifically for the subject construction site, is financially secure by furnishing security for the faithful performance of the dust control activitities required in the Fugitive Dust Mitigation Plan. NOW, therefore, we the Principal and Insurance Company of the West as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of Forty thousand five hundred and no/100ths Dollars ($ 40,500.00 ) 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 bonded 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 dust control plan 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 Obligee, 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 obligaton 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 the Obligee in successfully enforcing such obligation, all to be taxed as costs and included in any judgement rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the dust control plan or to the work to be performed thereunder or the specifications accompanying the same shall in anywise 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 dust control plan or to the work, the specifications, or the conditions of approval of said plan. Page 1 of 2 F211