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Toll Brothers - OBR & Relased BondsOUTSTANDING BOND REPORT Tract Number: 30834 Development: Stone Creek Ranch Developer/Owner: Toll Brothers (Formerly Madison Estates, LLC) Bond Company: Western Surety Company 100 Matsonford Rd. Suite 200 Radnor, PA 19087 Attn: Jamie Bowman Outstanding / Released Bonds: Bond Type Bond No. Amount: Date Replaced or Released Fugitive Dust Control 827906S $22,500 Released 08/24/2016 (PM 10) Labor & Material 827839S $827,367 Released 10/17/2016 On -Site Grading Labor & Material On -Site Streets & 827840S $795,722 Released 10/17/2016 Drainage Labor & Material On -Site Domestic 827841 S $454,209 Released 10/17/2016 Water Labor & Material On -Site Sewer & Dry 827842S $433,690 Released 10/17/2016 Utilities Labor & Material 827843S $21,080 Released 10/17/2016 On -Site Monumentation Performance 827835S $124,000 Released 08/07/2007 Labor & Material $124,000 Released 11/01/2007 Performance 827836S $171,556 Released 08/07/2007 Labor & Material $171,556 Released 11/01/2007 Performance 827837S $246,371 Released 08/07/2007 Labor & Material $246,371 Released 11/01/2007 Performance 827838S $64,876 Released 08/07/2007 Labor & Material $64,876 Released 11/01/2007 Fugitive Dust Control 58734842 $22,500 Released 04/18/2024 (PM 10) Performance 0415141 $74,682 Released 10/17/2016 Restoration Performance 58734841 $66,240 Released 04/18/2024 Wall Improvements WARRANTY BONDS HELD IN FILE SINCE 8/15/2005 WERE NOT USED AND RETURNED TO DEVELOPER 08/07/2007 W �dora CALIFORNIA - ---------------- ___ April 18, 2024 ------ Western Surety Company ATTN: Jamie Bowman 100 Matsonford Rd., Suite 200 Radnor, PA 19087 Attention: Greg Semrow RE: TM 36537-1 THE SIGNATURE — BOND RELEASE FOR OFF -SITE IMPROVEMENTS 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 bonds: Bond Number Bond Amount Bond Type 58734841 $66,240 Performance for Wall Improvements 58734842 $22,500 PM-10 Dust Control Copies of the bonds being released are enclosed for your reference. Toll Brothers, the developer, was also notified of the above bond release on 4/18/2024. Please do not hesitate to contact me should you have any questions. Sincerely, Laurie McGinley, Depu�ityerk Email: LMcginley(a_).LaQuintaCA.gov Tel: (760) 777 - 7123 ta �W CALIFORNIA April 18, 2024 Toll Brothers ATTN: Brandon Haskell 350 Commerce, Suite 200 Irvine, CA 92602 RE: TM 30834 STONE CREEK RANCH — BOND RELEASE Dear Mr. Haskell, Per authorization of the City of La Quinta Public Works Department, the City Clerk's Office has hereby released the following bonds and notified Western Surety Company on 4/18/2024. Bond Number Bond Amount Bond Type 58734841 $66,240 Performance for Wall Improvements 58734842 $22,500 PM-10 Dust Control The original paper bonds are enclosed. Please do not hesitate to contact me should you have any questions. Sincerely, Laurie McGinley, Deputy City Clerk Email: LMcginley(a-).LaQuintaCA.gov Tel: (760) 777 - 7123 ta a�W CALII OKVIA -- MEMORANDUM Date: April 18, 2024 To: Monika Radeva, City Clerk Via: Bryan McKinney, P.E., Public Works Director / City Engineer From: Amy Yu, Associate Engineer n Re: TM 30834, Stone Creek Ranch, Bond Release Please release the following performance bond and PM-10 bond held in your files for the above referenced tract. The bond amounts and the address to the developer and surety company are as follows: Tract Map No. 30834 Bond Description Bond No. Bond Amount Performance for Wall Improvements 58734841 $66,240 PM-10 Dust Control 58734842 $22,500 Developer: Brandon Haskell Toll Brothers 350 Commerce, Suite 200 Irvine, CA 92602 Surety Company: Western Surety Company 100 Matsonford Rd, Suite 200 Radnor, PA 19087 Attn: Jamie Bowman If you have any questions, please contact me at extension 7047. Thank You, FAITHFUL PERFORMANCE BOND Bond #58734842 (LQMC 6.16) Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize Toll Land XXII Limited Partnership , 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 Stone Creek Ranch, TM30834 ; and WHEREAS, all such construction and demolition activities must be performed in such manner as to conform with La Quinta Municipal Code, Chapter 6.16, entitled Fugitive Dust Control to reduce fugitive dust and corresponding PM10 emissions; and WHEREAS, said Principal is required to ensure that Fugitive Dust Control Permit # prepared specifically for the subject construction site, is financially secure by furnishing security for the faithful performance of the dust control activities required in the Fugitive Dust Mitigation Plan. NOW therefore, we the Principal and Western Surety Company, as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of Twenty-two thousand five hundred and 001100 Dollars ($22,500.00) 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 obligation secured hereby and in addition to the face amount specified therefore, 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 judgment 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 there under 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 Fugitive Dust Control Bond Fugitive Dust Control Permit # Page 2 of 2 In witness whereof, this instrument has been duly executed by the Principal and Surety above named, on APRIL 11, 2016. Toll Land XXII Limited Partnership BY: TOLL CA GP CORP. a] j'.1,— .T�' 5 c-� Principal 4 (Seal) ►^ Signature f rincipal Title of Signatory Western Surety Company Surety (Seal) ��- Siure of u ety — n� gan Attorney -in -Fact Title of Signatory 100 Matsonford Road Suite 200 Radnor, PA 19087 Address of Surety 610-964-5807 Phone # of Surety Jamie Bowman Contact Person for Surety CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT Civil Code § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfullness, accuracy or validity of that document. ♦♦eeeeoeeeeee*eeeeeeeeeeeeoeeoeee+eeeeeeoeoeee+ee�eeeeeeeeeeeeeeeee State of PENNSYLVANIA County of CHESTER On APRIL 11, 2016 before me, ARLENE OSTROFF , Notary Public Date Name and Title of Notary personally appeared DANIEL P. DUNIGAN Name and or Names of Signer(s) Who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my h nd officiatsl. f Signature Notary Pu rc ignature OPTIONAL COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL ARLENE OSTROFF, Notary Public Wddm Twp:, Chester County My Qvili nission Expires Decernber 3, 2016 Place Notary Public Seal Above Though the information below is not required by law, it may prove valuable to the 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 Number of Pages: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer — Title(s): ❑ Corporate Officer — Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Partner - ❑ Limited ❑ General ❑ Guardian or Conservator ❑ Guardian or Conservator 0 Attorney -in -Fact Toporfnur�n T�afr,�rnb ❑ Attomey-in-Fact ❑ Trustee ❑ Trustee ❑ Other. ElOther. Signer is representing Signer is representing WESTERN SURETY COMPANY eeeeeeoeeeeeeeeeeeseeeeeeeeeeeeeeeeeeeeeeeeoeeeeeeeeeeeeeeeeeoeeeee Western Surety Company POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY -IN -FACT Know All Men By These Presents, That WESTERN SURETY COMPANY, a South Dakota corporation, is a duly organized and existing corporation having its principal office in the City of Sioux Falls, and State of South Dakota, and that it does by virtue of the signature and seal herein affixed hereby make, constitute and appoint William F Simkiss, Richard J Decker, Daniel P Dunigan, Joseph W Kolok Jr, Brian C Block, James L Hahn, Individually of Paoli, PA, its true and lawful Attorney(s)-in-Fact with full power and authority hereby conferred to sign, seal and execute for and on its behalf bonds, undertakings and other obligatory instruments of similar nature - In Unlimited Amounts - and to bind it thereby as fully and to the same extent as if such instruments were signed by a duly authorized officer of the corporation and all the acts of said Attorney, pursuant to the authority hereby given, are hereby ratified and confirmed. This Power of Attorney is made and executed pursuant to and by authority of the By -Law printed on the reverse hereof, duly adopted, as indicated, by the shareholders of the corporation. In Witness Whereof, WESTERN SURETY COMPANY has caused these presents to be signed by its Vice President and its corporate seal to be hereto affixed on this 10th day of February, 2016. WESTERN SURETY COMPANY tiw,•'OQ.POggra aul T. Bruflat, Vice President State of South Dakota 1 JT County of Minnehaha SS On this 10th day of February, 2016, before me personally came Paul T. Bruflat, to me known, who, being by me duly sworn, did depose and say: that he resides in the City of Sioux Falls, State of South Dakota; that he is the Vice President of WESTERN SURETY COMPANY described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said corporation and that he signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said corporation. My commission expires June 23,2021 ------------ J. MOHR NOTARY PUaIIC� SOUTH OANOTA SEAL CERTIFICATE J. Mohr, Notary Public I, L. Nelson, Assistant Secretary of WESTERN SURETY COMPANY do hereby certify that the Power of Attorney hereinabove set forth is still in force, and further certify that the By -Law of the corporation printed on the reverse hereof is still in force. In testimony whereof I have hereunto subscribed my name and affixed the seal of the said corporation this 11TH day of APRIL , 2016 guRET}"'.,, WESTERN SURETY COMPANY _ w: POq • •; gh OQ' Are^'. v - S'• P t!•�TN OPMDa FF xxu.aw"' L. Nelson, Assistant Secretary Form F4280-7-2012 WES`i'ERN SURETY COMPANY Sioux Palls, South Dakota Statement of Net Admitted Assets and Liabilities December 31, 2015 ASSETS Bonds Contnton stocks Cash, cash equivalents, and short-term investments Investment income due and accrued Premiums and considerations Amounts recoverable from reinsurers Federal &: foreign income taxes recoverable Nei deferred tax asset Receivable from parent, subsidiaries, and affiliates Other assets Total Assets LIABILITIES AND SURPLUS Losses Loss adjustment expense Other expenses Taxes. License and Pecs Unearned premiums Advance premiums Ceded reinsurance premiums payable Provision f'or reinsurance Other liabilities Total Liabilities Surplus Account Common stock Gross paid in and contributed surplus Unassigned funds Surplus is regards policyholders ,rotal Liabilities and Capital S 4,000.000 280,071.837 1,039,266.469 S 1,694,282,606 24,218,356 25.339.975 20.596,996 27.577,388 9,329,459 3,597,963 16.095.068 1,645,324 1,016,832 S 1,923,699.967 S 21.4978.759 56.382,252 1,040.680 2.313,346 207.378.031 .5.566,599 1,844,830 691.280 10,175,884 S 500,361,661 $ 1,323,338,306 $ 1,823.699,967 I, Troy Wray, Assistant Vice President of Western Surety Corn pany hereby certify that ilic above is in accurate representation of the Financial statement of the Corn party dated December 31, 2015, as filed with the various Insurance Departments and is a true and correct statement of the condition of Western Surety Company as of that date. Western Surety Company B Assistant is - resident Subscribed and sworn to me this 21st day of March , 2016. My commission expires: YOLANDA JIMENEZ OFFICIAL SEAL a&litfy Public, State of Illinois ftl4y ommission Expires Q�1 Uptember 24, 2017 Not t y ubli<f CALIFORNIA ALL-PURPOSE CERTIFICATE OF ACKNOWLEDGMENT A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the docunient to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of iz!�'A personally appeared who proved to me on the basis of satisfactory evidence to be the person�4 whose name( is/aye subscribed to the within instrument and acknowledged to me that he/olw4hey executed the same in his/ham authorized capacitytjm,fi), and that by his><Iw-m4fTeir signatureXon the instrument the person, or the entity upon behalf of which the perso/) acted, executed the instrument. I certify under PENALTY OF PERJURY tinder the laws of the State of California that the foregoing paragraph is true and correct. LYNDSAY WELTY WITNF, S my hand a ofF al. COMM.#2143740 d NOTARY PUBLIC • CALIFORNIA RIVERSIDE COUNTY -• (Notary seal) Commission Expires March 15, 2020 Signature of Notaryc ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF TI IE ATTACHED DOCUMENT (Title or description of attached document) (Title or description of attached document continued) Number of Pages Document Date (Additional information) CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer (Title) ❑ Partner(s) ❑ Attorney -in -Fact ❑ Trustee(s) ❑ Other INSTRUCTIONS FOR COMPLETING THiS FORM Ant• acknowledgment completed in California roust contain verbiage exactly as appears above in the notary section or it separate acknoirledgnrent form must he properly completed and attached to that docunrew The on/p e_ccepnon is if a document is to be recorded onside of California in such instances, any alternative acknowledgment verbiage as mnv be printed air such a docunient so long as the verbiage does not require the noiai7, m c/o something that is illegal ji it notary irr California (i.e. certifying the authori.ed calwci(v of the signer). Please check the document carefully for proper notarial nvu'ding and attach dus form ijrequired • State and Countv information must be the State and County where the document signer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which must also be the same date the acknowledgment is completed. • The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • Print the name(s) of document signer(s) who personally appear at the time of notarization. • Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. ke/she/they; is hire ) or circling the correct forms. Failure to correctly indicate this information may lead to rejection of document recording. • The notary seal impression must be clear and photographically reproducible. impression must not cover text or lines. If seal impression smudges. re -seal if a sufficient area permits, otherwise complete a different acknowledgment form. • Signature of the notary public must match the signature on file with the office of the county clerk Additional information is not required but could help to ensure this acknowledgment is not misused or attached to a different document Indicate title or type of attached document, number of pages and date. Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officer, indicate the title (i.e. CEO, CFO, Secretary) • Securely attach this document to the signed document FAITHFUL PERFORMANCE BOND FOR WALL IMPROVEMENTS Bond #58734841 Tract Map No. 30834 WHEREAS, the City of La Quinta, California, a municipal corporation of the State of California, and Toll Land XXII Limited Partnership, hereinafter designated as "Principal" have agreed that principal shall complete all wall improvements for Tract 30834 identified on the Rough Grading & Drainage Plans for Tract 30834 referenced therein; and WHEREAS, said Principal is required to furnish a surety bond to faithfully perform and construct the wall improvements in accordance with the Rough Grading & Drainage Plans for Tract 38034, specifications, and permit requirements to the satisfaction of the City Engineer. NOW therefore, we the Principal and Western Surety Company, as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of Sixty-six thousand two hundred forty Dollars ($66,240.00) 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 Rough Grading & Drainage Plans for Tract 30834 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 obligation secured hereby and in addition to the face amount specified therefore, 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 judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the rough grading and drainage plans or to the work to be performed there under 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 rough grading and drainage plans or to the work, the specifications, or the conditions of approval of said plan. Page 1 of 2 Performance Bond Rough Grading & Drainage Plans for Tract 30834 Page 2 of 2 In witness whereof, this instrument has been duly executed by the Principal and Surety above named, on APRIL 11, 2016. Toll Land XXII Limited Partnership BY: TOLL CA GP CORP. ncll Principal (Seal) 3161VI Signature of ri cipal Title of Signatory Western Surety Company Surety (Seal) ��- u e of Su ety — ni iga n Attorney -in -Fact Title of Signatory 100 Matsonford Road Suite 200 Radnor PA 19087 Address of Surety 610-964-5807 Phone # of Surety Jamie Bowman Contact Person for Surety Page 2 of 2 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT Civil Code § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfullness, accuracy or validity of that document. 000000000000000000000+000000000000000000000000000000e00000000000000 state of PENNSYLVANIA County of CHESTER On APRIL 11, 2016 before me, ARLENE OSTROFF , Notary Public Date Name and Title of Notary personally appeared DANIEL P. DUNIGAN Name and or Names of Signers) Who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized GOMMoNVMALTH of PENNMVANu► capacity(ies), and that by his/her/their signature(s) on the NOTARIAL SEAL instrument the person(s), or the entity upon behalf of jARLENIE OSTROFF, Notary Public which the persons) acted, executed the instrument. win Twp., Chester County sion Expires December 3, 20f 6 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hafid)and official se Signature Notary Pub]' ignature Place Notary Public Seat Above OPTIONAL Though the information below is not required by law, it may prove valuable to the 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 Number of Pages: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer — Title(s): ❑ Corporate Officer — Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Partner - ❑ Limited ❑ General 7—jmb ❑ Guardian or Conservator T��tnun,b ❑ Guardian or Conservator'Top Cx7 Attorney -in -Fact ❑ Attomey-in-Fact ❑ Trustee ❑ Trustee ❑ Other. ❑ Other. Signer is representing Signer is representing WESTERN SURETY COMPANY oo+0000000000000000000000000000000000s00000000000000000000+0000000♦ Western Surety Company POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY -IN -FACT Know All Men By These Presents, That WESTERN SURETY COMPANY, a South Dakota corporation, is a duly organized and existing corporation having its principal office in the City of Sioux Falls, and State of South Dakota, and that it does by virtue of the signature and seal herein affixed hereby make, constitute and appoint William F Simkiss, Richard J Decker, Daniel P Dunigan, Joseph W Kolok Jr, Brian C Block, James L Hahn, Individually of Paoli, PA, its true and lawful Attorney(s)-in-Fact with full power and authority hereby conferred to sign, seal and execute for and on its behalf bonds, undertakings and other obligatory instruments of similar nature - In Unlimited Amounts - and to bind it thereby as fully and to the same extent as if such instruments were signed by a duly authorized officer of the corporation and all the acts of said Attorney, pursuant to the authority hereby given, are hereby ratified and confirmed. This Power of Attorney is made and executed pursuant to and by authority of the By -Law printed on the reverse hereof, duly adopted, as indicated, by the shareholders of the corporation. In Witness Whereof, WESTERN SURETY COMPANY has caused these presents to be signed by its Vice President and its corporate seal to be hereto affixed on this l0th day of February, 2016. ,S"suREry.,,, WESTERN SURETY COMPANY ......... �o j Q,P0#'q``.. =in140 Si40jNr� aul T. Bruflat, Vice President State of South Dakota I ss County of Minnehaha On this 10th day of February, 2016, before me personally came Paul T. Bruflat, to me known, who, being by me duly sworn, did depose and say: that he resides in the City of Sioux Falls, State of South Dakota; that he is the Vice President of WESTERN SURETY COMPANY described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said corporation and that he signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said corporation. My commission expires June 23, 2021 J. MOHR NOTARY PUBLIC (& �pJ SOUTHPU111 �j�jJ CERTIFICATE J-7Y)A-� Rif J. Mohr, Notary Public I, L. Nelson, Assistant Secretary of WESTERN SURETY COMPANY do hereby certify that the Power of Attorney hereinabove set forth is still in force, and further certify that the By -Law of the corporation printed on the reverse hereof is still in force. In testimony whereof I have hereunto subscribed my name and affixed the seal of the said corporation this 11TH day of APRI L 2016 WESTERN SURETY COMPANY �oQ?pPOA c��l" _Wi4 l^•D� .ir s'SEp'y L. Nelson, Assistant Secretary Form F4280-7-2012 WESTERN SURETY COMPANY Sioux Falls, South Dakota Statement of Nct Admitted Assets and Liabilities December 31, 2015 ASSETS Bonds Common stocks Cash, cash equivalents, and short-term investments invcstttent income due and accrued Premiums and considerations Amounts recoverable from reinsurers Federal & foreign income taxes recoverable Net deferred tux asset Receivable from parent, subsidiaries, and affiliates Other assets Total Assets LIABILITIES AND SURPLUS Losses Loss adjustment expense Other expenses Taxes, License and fees Unearned premiums Advance premiums Ceded reinsurance premiums payable Provision for reinsurance Other liabilities Total Liabilities Surplus Account: Common stock Gross paid in and contributed surplus Unassicned funds Surplus is regards policyholders 'total Liabilities and Capital =4,0(x).000 1,039,266.469 $ 1,694.282,606 2 4.218.356 25.339,975 20.596,996 27.577,388 9.329.459 3.597,963 16.095.068 1.6-45,324 1,016,832 S 1,823,699.967 $ ?14,978.759 56.382,252 1.0 40,680 2.3 f 3,346 207.378.0.11 5.566,599 1.844,830 691,280 10,175,894 S 500,361,661 $ 1.323.338,306 $ 1,823.699,967 1, Troy Wray, Assistant Vice President ol"Westcrn Surety Com piny hereby certify that the above is in accurate representation of the financial statement of the Company dated December 31, 2015, as filed with the various Insurance Departments and is a true and correct statement of the condition of Western Surety Company as of that date. Western surety Company B� Assistant is resident Subsct'ibed acid swoill to me this 21st day of March , 2016. My commission expires: VOLANDA JIMENEZ r OFFICIAL SEAL t F� Iflfy Public, State of Illinois y ammission Expires t3fY 06ptember 24, 2017 I Not try ublic ` CALIFORNIA ALL-PURPOSE CERTIFICATE OF ACKNOWLEDGMENT A Notary Public or other g9tcer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County Of S==e personally appeared who proved to me on the basis of satisfactory evidence to be the person whose name) is/areXibscribed to m the within instrument and acknowledged to me that he/ihe4wy executed the sae in is/Ictlrt*ir authorized capacity), and that by his/herMh+r signature(Kon the instrument the perso>), or the entity upon behalf of which the perso>Kacted, executed the instrument. 1 certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. LYNDSAY WELTY WIT ESZilly ha of - 1. COMM. #2143740 x NOTARY PUBLIC • CALIFORNIA X RIVERSIDE COUNTY (Notary Seal) Commission Expires March 15, 2020 Signature of Notary i' ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF Tt1E ATTACHED DOCUMENT (rule or description of attached document) (Title or description of attached document continued) Number of Pages Document Date (Additional information) CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer (Title) ❑ Partner(s) ❑ Attorney -in -Fact ❑ Trustee(s) ❑ Other INSTRUCTIONS FOR COMPLETING THiS FORM Any acknowleelgirtent completed in California most cornrtnr verbiage exoctty os appears abore ur the notary section or it separate acknrnrledgniew form mast be properly completed and attached to that (locionent The anti, exception is if a document is to be recorded outside of California. to such instances. an), alternative acknowledgment verbiage os mar be printed on Bitch ri dociunent so forrg as the re•rbiage does not require the notmy to do something that is illegal for a noiarr in C'alifornhi (i.e. c•eriif •ing the atnhori_ed capacity of the signer). Please check the document caret llr for proper notarial wording and attach this form it required • State and Countv information must be the State and Countv where the document signer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which must also he the same date the acknowledgment is completed. • The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • print the name(s) of document signer(s) who personally appear at the time of notarization. • Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. he/she/tHey,- is /are ) or circling the correct forms. Failure to correctly indicate this information may lead to rejection of document recording. • The notary seal impression must be clear and photographically reproducible. Impression must not cover text or lines. If seal impression smudges. re -seal if a sufficient area permits, otherwise complete a different acknowledgment form. • Signature of the notary public must match the signature on file with the office of the county clerk. Additional information is not required but could help to ensure this acknowledgment is not misused or attached to a different document Indicate title or type of attached document, number of pages and date Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officer, indicate the title (i.e. CEO, CFO, Secretary) • Securely attach this document to the signed document Toll BBrothers America's Luxury Home Buflder" September 21, 2010 Via e-mail & U.S mail Timothy R. Jonasson, P.E. Public Works Director/City Engineer PO Box 1504 La Quinta, Ca 92247-1504 Re: Stone Creek Ranch Western Boundary Wall Tract # 30834 RECEIVED SEP 2 4 2010 PUBLIC WORKS Dear Mr Jonasson: This letter is in regards to Stone Creek Ranch tract #30834. The property owner, currently Toll Brothers Inc., is responsible for the completion of the western boundary wall. This completion will gradually take place as future built homes on lots 4 through 9 near completion and apply for certificates of occupancy." Thank you and if you need any additional information please either call or e-mail. 760-564-9930 x101 office aianisch@tollbrothersinc.com Sincerely, Allen Janisch Senior Project Manager Toll Brothers Inc. Cc: . Tom Beaty Ed Wimmer Kevin Duermit af)-aliu JEFFERSON ST. LA QUINTA. CA 92211 160-564-9930 FAX 760-771-6813 •cam o� c OF TLC To: Susan Maysels, City Clerk From: Bryan McKinney, P.E., Principal Engineer Via: bqmothyR. Jonasson P.E. Design & Development Director/ City Engineer � - 9 p Y 9 Date: October 11, 2016 Subject: Release of Performance Security and Retain Separate Performance Security for TM 30834, Stone Creek Ranch Please release the following Performance security held in your file for the above referenced project. The performance security amount is as follows: Tract Map No. 30834 Performance Bond No. Performance Amount 0415141 $ 74, 682 Please retain the attached Performance security for wall improvements. The performance security amount is as follows: Tract Map No. 30834 Performance Bond No. Performance Amount 58734841 $66,240 Developer: Mr. Allen Janisch Toll Brothers 1299 Celadon Street Palm Springs, CA 92262 Surety Company: International Fidelity Insurance Company (041 5141) 2400 East Katella Ave, Ste 250 Anaheim, CA 92806 cc: Project File I, Tract Map No. 30834 Page 1 of 1 •c OF To: Susan Maysels, City Clerk From: gryan McKinney, P.E., Principal Engineer Via: T othy R. Jonasson, P.E., Design & Development Director/ City Engineer Date: October 11, 2016 Subject: Release of Performance Securities for TM 30834, Stone Creek Ranch Please release the following Performance securities held in your file for the above referenced project. The on -site improvements were accepted by City Council on October 4, 2016. The performance security amounts are as follows: Tract Map No. 30834 Performance Bond No. Performance Amount 827839S $827,367 827840S $795,722 827841 S $454,209 827842S $433,690 827843S $21,080 Developer: Mr. Tom Beaty 74478 Highway 1 1 1, Suite 371 Palm Desert, CA 92260 Surety Company: Developers Surety and Indemnity Company 17771 Cowan Avenue Suite 100 Irvine, CA 92614 cc: Project File I, Tract Map No. 30834 Page 1 of 1 October 17, 2016 Mr. Tom Beaty 74-478 Highway 111, Suite371 Palm Desert, CA 92260 Re: Tract 30834 Dear Mr. Beaty: Per authorization from the Public Works Department, the City Clerk's office hereby releases the following Bonds: PB No 0415141 in the amount of $ 74,682 PB No. 827839S in the amount of $827,367 PB No. 827840S in the amount of $795,722 PB No. 827841S in the amount of $454,209 PB No. 827842S in the amount of $433,690 PB No. 827843S in the amount of $ 21,080 If you have any questions, please call me at (760) 777-7103. Sincerely, Pam Nieto Deputy City Clerk c: Tim Jonasson, Design and Development Director Developers Surety and Indemnity Company File 78-495 Calle Tampico I La Quinta I California 92253 1 760.777.7000 1 www.La-Quinta.oM }� 0$FAITHFUL PERFORMANCE BOND (LOMC 14.16.180) BOND #0415141 Restoration Bond WHEREAS, the City of La Quinta, California, is prepared to e E achm t Permit # 5049 in accordance with the Lz Quinta Municipal Code, to T L� XXI LIMITED PARTNERSHIP A LIMITED PARTNERSHI7—MMD BY WHOIaT'PIM�g}Dw p��rtll improvements in the public right of way as identified in the permit, and further detailed on the improvement plans referenced therein; and WHEREAS, Said Principal is required to furnish a sur+:ty bond in accordance with La Quinta Municipal Code Section 14.16.180 to faithfully perform and construct the permitted improvements, or restore the right of way to its farmer condition In the event the proposed improvements are not completed in accordance with the approved plans, specifiraWns, and permit requirements to the satisfaction of the Public Works Director, or, if the work is abandoned (not completed as required), Principal shall Complete the improvements, or restore the right of way to its former condition, whichever is the less expensive alternative of these two aftematives to perform. NOW, therefore, we the Principal and INTERNATIONAL FIDELITY INSURANCE COMPANY as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of SEVENTY FOUR THOUSAND SIX HUNDRED EIGHTY TWO AND 00/100 - - - - - Dollars ($ 74, 682.00 ) lawful money of the United Staters, 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 H 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 narmtess 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 obligator secured hereby and in addition to the face amount specified therefor, there shall be included casts and reasonable expenses and fees, including reasonable attorney's fees, incurred by the Obligee in successfully enforcing such obligaton, all to be taxed es costs and included in any judgement rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the I erms 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 worts or to the specifications. Page 1 of 2 "— Restoration Bond Enc=chment Perrnit # 5049 Page 2 of 2 In witness whereof, this instrument has been duly executed by the Principal and Surety above named, on MARCH 24, 200 . TOLL LAND XII LIMITED PARTNERSHIP BY: TOLL CA GP CORP., GENERAL PARTNER Principal (Seal) Signal'—' u o Pr cipal ®t v'%, Si o .t itie of Signatory INTERNATIONAL FIDELITY INSURANCE COMPANY Surety� � (seal) S'4natura of StIrety DANIEL P. DUNIGAN, A 70RNE7IN-FACT Title 6-f Signatory 2570 BOULEVARD OF THE GENERALS, NORRISTOWN, PA 19043 Address of Surety 610-630-6004 hone # of Surety MATTHEW FRY Contact Person For Surety M2 TOTAL P.Oe CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No. &%7 State of PENNSYLVANIA County of CHESTER ARLENE OSTROFF On MARCH 24, 2006 before me, NOTARY PUBLIC DATE NAME, TITLE OF OFFICER - E.G., -JANE DOE, NOTARY PUBLIC - personally appeared DANIEL P. DUNIGAN NAMES) OF SIGNER(S) ® personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(n)xwhose name( ism subscribed to the within instrument and ac- knowledged to me that heXOuUtIm�X executed the same in his/W authorized capacity(), and that by his/h&o(kkgjR signature(s) on the instrument the personi , or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand d official seal. SIG�ll1Ti/HE OF NO ARY OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER ❑ INDIVIDUAL ❑ CORPORATE OFFICER TRLE(S) ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL © ATTORNEY -IN -FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR ❑ OTHER: DESCRIPTION OF ATTACHED DOCUMENT TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES DATE OF DOCUMENT SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTTTYQES) INTERNATIONAL FIDELITY INSURANCE COMPANY SIGNER(S) OTHER THAN NAMED ABOVE 01993 NATIONAL NOTARY ASSOCIATION - 8236 Remmet Ave_, P.O. Box 71 B4 • Canoga Park, CA 91309-7184 KNOW ALL MEN BY THESE PRESENTS - That: INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation organized and existing laws of the State of New Jersey, and having its principal office in the City of Newark, New Jersey, does hereby constitute and appoint JOSEPH KOLOK, BRIAN BLOCK, WILLIAM F. SIMKISS, RICHARD J. DECKER, DANIEL P. DUNIGAN, JOHN A. SIMKISS, III its true and lawful attorney(s)-in fact to execute, seal:and deliver for and on its behalf as surety,any and all bonds and undertakings, contracts of indemnity and other writings obligatory, in the nature.thereof; which are or may be allowed, required or permitted by law, statute, rule, regulation, contract or otherwise, and the execution of such instrument(s)ill pursuance of these presents, shall be as binding upon the said INTERNATIONAL FIDELITY INSURANCE COMPANY, as fully and amply, to all intents and pprposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorney is executed, and may be revoked, pursuant to and by authority of Article 3-Section 3, of the By -Laws adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President, Executive Vice: President, Secretary or Assistant Secretary, shall have power and authority (1) To appoint Attorneys -in -fact, and to authorize them to execute on behalf of the Company, and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and, (2) To remove, at any time, any suchattomey-in-fact and revoke the authority given. Further, this Power of Attorney issigned and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating thereto by facsimile, and any such power of, attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. IN TESTIMONY WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be �\ �0 G� signed and its corporate seal to be affixed by its authorized officer, this 31st day of August, A.D. 1998. aV� SEAL �"� INTERNATIONAL FIDELITY INSURANCE CO STATE OF NEW JERSEY County of Essex 00 d'�ltii �► �a Vice -Pr ident On this 31st day of August 1998, before me came the individual who executed the preceding instrument, to me personally known, and, being b,, me duly sworn, said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate Seal of said Company; that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. UIAIN TESTIMONY WHEREOF, I have hereunto set my hand affixed my Official Seal, at the City of Newark, New Jersey the day and year first above written. A NOTARY PUBLIC, OF NEW JERSEY CERTIFICATION My Commission Expires Nov. 21, 2005 1, the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do hereby certify that I have compared the foregoing copy of the Power of Attorney and affidavit, and the copy of the Section of the By -Laws of said Company as set forth in said Power of Attorney, with the ORIGINALS ON 1N THE HOME OFFICE OF SAID COMPANY, and that the same are correct transcripts thereof, and of the whole of the said originals, and that the said Power of Attorney has not been revoked and is now in full force and effect IN TESTIMONY WHEREOF, I have hereunto set my hand this 24TH day of MARCH, 2006 Assistant Secretary INTERNATIONAL FIDELITY INSURANCE COMPANY ONE NEWARK CENTER, 20TH FLOOR, NEWARK, NEW JERSEY 07102-5207 STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS AT DECEMBER 31, 2005 ASSETS Bonds (Amortized Value) ................................... $61,170,779 Common Stocks (Market Value) .............................. 6,494,860 Mortgage Loans on Real Estate ............................... 2,337,200 Cash & Bank Deposits ..................................... 29,053,332 Short Tenn Investments .................................... 1,893,445 Unpaid Premiums & Assumed Balances ........................ 3,587,653 Reinsurance Recoverable from Reinsurers ....................... 4%,427 Electronic Data Processing Equipment ......................... 118,379 Investment Income Due and Accrued .......................... 915,348 Net Deferred Tax Assets ................................... 2,500,000 Funds Held in Escrow Accounts .............................. 18,970,639 Collateral Funds Held Under Contract ......................... (18,970,639) Other Assets ............................................ 2,048,562 TOTAL ASSETS ................................. 110,615,985 LIABILITIES, SURPLUS & OTHER FUNDS Losses (Reported Losses Net as to Reinsurance Ceded and Incurred But Not Reported Losses) ............................ $14,463,029 Loss Adjustment Expenses .................................. 3,720,109 Contingent Commissions & Other Similar Charges ................ 2,303,181 Other Expenses (Excluding Taxes, Licenses and Fees) .............. 1,181,174 Taxes, Licenses & Fees (Excluding Federal Income Tax) .............. 834,587 Current Federal & Foreign Income Taxes ....................... 730,100 Unearned Premiums ...................................... 22,360,672 Ceded Reinsurance Premiums Payable ......................... 1,431,339 Amounts Withheld by Company for Account of Others ............. 174,018 Provisions for Reinsurance .................................. 12,996 Other Liabilities .......................................... 4,400 TOTAL LIABILITIES .......................... 47,215,635 Common Capital Stock .................................... $1,500,000 Gross Paid -in & Contributed Surplus .......................... 374,600 Surplus Note ............................................ 16,000,000 Unassigned Funds (Surplus) ................................ 45,525,750 Surplus as Regards Policyholders ................. 63,400 350 TOTAL LIABILITIES, SURPLUS & OTHER FUNDS .... 110,615,985 I, Francis L. Mitterhoff, President of INTERNATIONAL FIDELITY INSURANCE COMPANY, certify that the foregoing is a fair statement of Assets, Liabilities, Surplus and Other Funds of this Company, at the close of business, December 31, 2005, as reflected by its books and records and as reported in its statement on file with the Insurance Department of the State of New Jersey. TrlpfG IN TESTIMONY WHEREOF, I have set my hand and affixed the o� 5 seal of the Company, this 24w day of February 2006. INTERNATIONAL FIDELITY INSURANCE COMPANY CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California 'y «J;J e ss. County of ' On /''i I c {- Z 8, 7cG ! before me, `r-e 4/V,0+C a z ./✓o T a. /'a b if Date Name and Title of Officer (e.g., "Jane Doe, Notary P lic") personally appeared /r,-.cvl Name(s) of Signer(s) LEo AMUZ Z Commission # 1540913 61MV Notosy Pubic - CaiMorr>bLos Angeles CountV Comm. Expires Jon 2, 2W9 ❑ personally known to me ® proved to me on the basis of satisfactory evidence to be the person(l whose name(e Warms subscribed to the within instrument and acknowledged to me that he/sheAhtsy executed the same in his/herkheir authorized capacity(iP*, and that by his/hef/#heir signature(4 on the instrument the person(V, or the entity upon behalf of which the person(A) acted, executed the instrument. WITNESS my hangdAgggLofficial seal. Place Notary Seal Above Signature of Notary 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(s) Signer's Name: ❑ Individual ❑ Corporate Officer— Title(s): ❑ Partner — ❑ Limited ❑ General H. ❑ Attorney in Fact Top of thumb here ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Number of Pages: Signer's Name: ❑ Individual ❑ Corporate Officer — Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing RIGHT THUMBPRINT OF SIGNER . of thumb here ® 2004 National Notary Association - 9350 De Soto Ave., P.O. Box 2402 - Chatsworth, CA 91313-2402 Item No. 5907 Reorder: Call Toll -Free 1-800-876-6827' BOND: 827839S PREMIUM:$16,547.00 / 2 YEARS SUBDIVISION IMPROVEMENTS ON —SITE GRADING Tract Map No. 30834 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract No, prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated , 200_, and identified as Tract Map No. 30834 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City, ) in the penal sum of EIGHT HUNDRED TWENTY SEVEN THOUSAND ** DOLLARS ($ 827,3 7.00 ) 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. **THREE HUNDRED SIXTY SEVEN AND NO/100THS F201 - Performance Bond Pagel of 2 The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on MARCH 18 200 3 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY Principal (Seal) ature of Principal ///Z�W�2/72F le Title of Signatory DEVELOPERS SURETY AND INDEMNITY COMPANY Surety, (Seal) - Signature of Surety S. SMITH —BOWMAN, ATTORNEY —IN —FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH —BOWMAN Contact Person For Surety F201 - Performance Bond Page 2 of 2 BOND: 827840S PREMIUM: $15,914.00 / 2 YEARS SUBDIVISION IMPROVEMENTS ON -SITE STREETS AND DRAINAGE Tract Map No. 30834 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract No. prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated , 200_, and identified as Tract Map No. 30834 is hereby referred to and made a part hereof, and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as surety, are held and firmly bound unto the City of La Quinta hereinafter called ( Cittyy"), in the penal sum of SEVEN HUNDRES NINETY FIVE THOUSAND ** DOLLARS ($ 795,722.00 ) 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. **SEVEN HUNDRED TWENTY TWO AND NO/100THS F201 - Performance Bond Page 1 of 2 The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on MARCH 18 200 3 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY Princi al (Seal) nature of Principal Title of Signatory ' DEVELOPERS SURETY AND INDEMNITY COMPANY Surety (Seal) �'�,�liFj V l%►y.U�` \ Signature of Sure S. SMITH -BOWMAN, ATTORNEY -IN -FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH -BOWMAN Contact Person For Surety F201 - Performance Bond Page 2 of 2 BOND: 827841S PREMIUM: $9,084.00 / 2 YEARS SUBDIVISION IMPROVEMENTS ON -SITE DOMESTIC WATER Tract Map No. 30834 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract No. prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated , 200_, and identified as Tract Map No. 30834 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"),. in the penal sum of FOUR HUNDRED FIFTY FOUR THOUSAND TWO ** DOLLARS($ 454,209.00 )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. **HUNDRED NINE AND NO/100THS F201 - Performance Bond Page 1 of 2 The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on MARCH 18 200 3 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY Prin ' al (Seal) Signature of Principal Title of Signatory DEVELOPERS SURETY AND INDEMNITY COMPANY Surety - (Seal) Signature of ure S. SMITH -BOWMAN, ATTORNEY -IN -FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH -BOWMAN Contact Person For Surety F201 - Performance Bond Page 2 of 2 BOND: 827842S PREMIUM:$8,674.00 / 2 YEARS SUBDIVISION IMPROVEMENTS ON -SITE SANITARY 8819ER AND DRY UTILITIES Tract Map No. 30834 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 No. 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 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated , 200_, and identified as Tract Map No. 30834 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City') ,in the penal sum of FOUR HUNDRED THIRTY THREE THOUSAND SIX** DOLLARS ($433,690.d0 )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. **HUNDRED NINETY AND NO/10OTHS F201 - Performance Bond Page 1 of 2 The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on MARCH 18 , 200 3 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY Princi (Seal) ignature of Principal Title of Signatory DEVELOPERS SURETY AND INDEMNITY COMPANY Surety (Seal) (Z Signature of Sure S. SMITH -BOWMAN, ATTORNEY -IN -FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH -BOWMAN Contact Person For Surety F201 - Performance Bond Page 2 of 2 BOND: 827843S PREMIUM:$ 422.00 / 2 YEARS SUBDIVISION IMPROVEMENTS ON -SITE MONUMENTATION Tract Map No. 30834 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 No. 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 MADISON ESTATES, LLC., A CALIFORNIA LIMITED LIABILITY COMPANY hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 200_, and identified as Tract Map No. 30834 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"),. in the penal sum of TWENTY ONE THOUSAND EIGHTY. -_AND NO/ 100THS DOLLARS ($ 21, 080.00 ) 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 Page 1 of 2 The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on MARCH 18 2003 (Seal) MADISON ESTATES, LLC., DEVELOPERS SURETY AND INDEMNITY COMPANY Surety - r (Seal) Signature of Surety S. SMITH —BOWMAN, ATTORNEY —IN —FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH —BOWMAN Contact Person For Surety F201 - Performance Bond Page 2 of 2 a •cy f� o� E�3 - - _, � {jam• fs �y • I OF i To: Susan Maysels, City Clerk From: Bryan McKinney, Principal Engineer Via: Amothy R. Jonasson, P.E., Design & Development Director/ City Engineer Date: August 18, 2016 Subject: Replacement of Dust Control Bond for Tract Map 30834, Stone Creek Ranch Please replace the following dust control bond held in your file for the above referenced tract. Please release the following performance security: Tract Map No. 30834 Type of Bond Bond No. Performance Amount Dust Control 827906S $22,500 Please retain the following attached performance security: Tract Map No. 30834 Type of Bond Bond No. Performance Amount Dust Control 58734842 $22,500 Developer: Mr. Tom Beaty Madison Estates 74-478 Highway 111, Suite 371 Palm Desert, CA 92260 Surety Company: Developers Surety and Indemnity Company (827906S) 17771 Cowan, Suite 100 Irvine, CA 92614 Surety Company: Western Surety Company (58734842) 100 Matsonford Road Suite 200 Radnor, PA 19087 Attn: Jamie Bowman (610) 964-5807 cc: Project File I, Tract Map No. 30834 Page 1 of 1 I August 24, 2016 Mr. Tom Beaty Madison Estates 74-478 Highway 111, Suite371 Palm Desert, CA 92260 Re: Tract 30834 Dear Mr. Beaty: Per authorization from the Public Works Department, the City Clerk's office hereby releases Bond No. 827906S in the amount of $22,500. If you have any questions, please call me at (760) 777-7103. Sincerely, ji 4,L'-'bo Pam Nieto Deputy City Clerk c: Tim Jonasson, Design and Development Director Developers Surety and Indemnity Company File 78-495 Calle Tampico I La Quinta i California 92253 1 760.777.7000 1 www.La-Quinta.arg BOND NUMBER: 827906S PREMIUM: $450.00 / TWO YEAR TERM FAITHFUL PERFORMANCE BOND (LQMC 6.16) Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize MADISON ESTATES, LLC. , as Principal, to proceed with certain construction activities pursuant to one, or more permits issued by the City, for various infrastructure improvements and/or structures on, or associated with, privately -owned property generally known to the City and others as TRACT NO. 30834 ;and WHEREAS, all such construction and demolition activities must be performed in such manner as to conform with La Quinta Municipal Code, Chaper 6.16, entitled Fugitive Dust Control to reduce fugitive dust and corresponding PM10 emissions; and WHEREAS, said Principal is required by LQMC 6.16.050(A)(4) to ensure that Fugitive Dust Control Plan #3V q A- , prepared specifically for the subject construction site, is financially secure by furnishing security for the faithful performance of the dust control activitities required in the Fugitive Dust Mitigation Plan. NOW, therefore, we the Principal and DEVELOPERS SURETY AND INDEMNITY COMPANY as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of TWENTY TWO THOUSAND FIVE HUNDRED AND NO10O/THS Dollars ($ 22 , 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 Fugitive Dust Control Bond Fugitive Dust Control Plan #3794- Page 2 of 2 In witness whereof, this instrument has been duly executed by the Principal and Surety above named, on APRIL 28 ,2003. MADISON ESTATES, LLC. Princi¢ (Seal) Sijnaturl of Principal _1 mz_naetn n� 1��izT�ecL Title of Signatory DEVELOPERS SURETY AND INDEMNITY COMPANY Surety_ (Seal) Signature of Surety-' S. SMITH -BOWMAN, ATTORNEY -IN -FACT Title of Signatory 17780 FITCH, IRVINE, CA 92614 Address of Surety (800) 782-1546 Phone # of Surety SHELLEY SMITH -BOWMAN Contact Person For Surety F211 STATE OF CALIFORNIA COUNTY OF SAN DIEGO L 2 �. % LeJ ( L SS. before me, DANETTE JACOBS, NOTARY PUBLIC PERSONALLY APPEARED S. personally known to me (or proved to me on the basis of satisfactory evidence) to be the persain) whose names) ishtresubscribed to the within instrument and acknowledged to me that*M(sheh 7 executed the same in-frisHzerldwirrzuthorized capacityfteir,, and that by hiAer/tkeir- signature on the instrument the person, or the entity uponn behalf of which the person(N acted, executed the instrument. WITNESS my hand and official seal. Signature DANETTE JACOBS, NOTARY PUBLIC OPTIONAL DANETTE JACOBS Commission # 1351918 Z Notary Public - California San Diego County My Comm. E'ires Apr 16, 2006 This area.for Official Notarial Seal Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY IGNER DESC7111N OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL 0 ATTORNEY -IN -FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR 0 OTHER: ------------ SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) TITLE OF TYPE OF DOCUMENT NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE ID-1232 (REV. 5/01) ALL-PURPOSE ACKNOWLEDGEMENT THE GROUP DISCLOSURE RIDER Terrorism Risk Insurance Act of 2002 The Terrorism Risk Insurance Act of 2002 created a three-year program under which the Federal Government will share in the payment of covered losses caused by certain events of international terrorism. The Act requires that we notify you of certain components of the Act, and the effect, if any, the Act will have on the premium charged for this bond. Under this program, the Federal Government will cover 90% of the amount of covered losses caused by certified acts of terrorism, as defined by the Act. The coverage is available only when aggregate losses resulting from a certified act of terrorism exceed $5,000,000.00. Insurance carriers must also meet a variable deductible established by the Act. The Act also establishes a cap of $1,000,000,000.00 for which the Federal Government or an insurer can be responsible. Participation in the program is mandatory for specified lines of property and casualty insurance, including surety insurance. The Act does not, however, result in any change in coverage under the attached bond. No additional premium has been charged for the terrorism coverage required by the Act. Insco Insurance Services, Inc. Underwriting Manager for: Developers Surety and Indemnity Company ❑ Indemnity Company of California 17780 Fitch Irvine, CA 92614 (949) 263 3300 www.inscodico.com POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO BOX 19725, IRVINE, CA 92623 • (949) 263-3300 KNOW ALL MEN BY THESE PRESENTS, that except as expressly limited, DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA, do each severally, but not jointly, hereby make, constitute and appoint: ***STEVEN R. BONILLA, S. SMITH -BOWMAN, D. KOHL, JOINTLY OR SEVERALLY` - as the true and lawful Attorney(s)-in-Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporations as sureties, bonds, undertakings and contracts of suretyship giving and granting unto said Attomey(s)-in-Fact fill power and authority to do and to perform every act necessary, requisite or proper to be done in connection therewith as each of said corporations could do, but reserving to each of said corporations full power of substitution and revocation, and all of the acts of said Attomey(s)-in-Fact, pursuant to these presents, are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA, effective as of November I, 2000: RESOLVED, that the Chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby is, authorized to execute Powers of Attorney, qualifying the attorney(s) named in the Powers of Attorney to execute, on behalf of the corporations, bonds, undertakings and contracts of suretyship; and that the Secretary or any Assistant Secretary of the corporations be, and each of them hereby is, authorized to attest the execution of any such Power of Attorney; RESOLVED, FURTHER, that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond, undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF, DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective Executive Vice President and attested by their respective Secretary this 811i day of November, 2000. By: David H. Rhodes, Executive Vice President By: M0. Walter A. Crowell, Secretary STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) 0`� AND °PGOPPO�TO?'�S SEAL 1936 .0 /MPANY O� GOPPO T C9� w2 OCT.5 �� T LU 1967 Z ? a \ i,IFOP�\/ \ Tk On November 8, 2000, before me, Diane J. Kawata, personally appeared David H. Rhodes and Walter A. Crowell, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. Signature CERTIFICATE DIANE J. KAWATA COMM. #1167928 NOTARY PUBLIC-CALTORNIA E rn ORANGE COUNTY My Cantu Exp. Jan. 8, 20M w The undersigned, as Chief Operating Officer of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA, does hereby certify that the foregoing Power of Attorney remains in fill force and has not been revoked, and furthennorc, that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attomey, are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine, California, the 281H. day of APRIL 1 2003 By David G. Lane. Chief Operating Otlicer ID-1380 (11 00) P.O. Box 1504 LA QUIN'TA, CALIFORNIA 92247-1504 78-495 CALLS TAMPICO (760) 7 7 7 - 7 0 0 0 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 November 1, 2007 Stone Creek Ranch Steve Kleeman Dyson Development 437 S. Highway 101, Suite 220 Solana Beach, CA. 92075 Re: Tract Map 30834 To Whom It May Concern: Per authorization from the Public Works Department, the City Clerk's Office hereby releases the following bonds: Labor & Materials Bond 827835S in the amount of $124,000 Labor & Materials Bond 827836S in the amount of $171,556 Labor & Materials Bond 827837S in the amount of $246,371 Labor & Materials Bond 827838S in the amount of $64,876 If you have any questions, please call me at (760) 777-7002. i 01 ;:2ECINO, City Clerk City of La Quinta, California cc: Tim Jonasson, Public Works Director/City Engineer Developers Surety & Indemnity Company File W T-vy 4 4 Q" MEMORANDUM To: Veronica Montecino, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: F Timothy R. Jonasson, Public Works Director / City Engineer Date: October 30, 2007 Re: Release of Off -site Labor & Materials Security for Tract Map No. 30834, Stone Creek Ranch Please release the following Labor & Materials security held in your files for the above referenced tract. The off -site improvements were accepted by City Council on July 17, 2007; therefore, the retention of the Labor & Materials 90-day period was completed on October 17, 2007. The Labor & Materials security amount and the address to the developer and surety company are as follows: TRACT No. 30834 Bond No. Bond Amount 827835S $124,000 827836D $171,556 827837D $246,371 827838D $64,876 Developer: Steve Kleeman Dyson Development 437 So. Hwy 101, Suite 220 Solana Beach, CA 92075 Surety Company: Developers Surety and Indemnity Company P.O. Box 19725 Irvine, CA 92623 Cc: Project File I, Tract Map No. 30834 Amy Yu, Assistant Engineer II T:\Tracts\30000-39999\30834\Internal Correspond ence\Release of Offsite L & M Security memo TM 30834.doc P.O. Box 1504 LA QUINTA, CALIFORNIA 92247-1504 78-495 CALLE TAMPICO (760) 7 7 7 - 7 0 0 0 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 August 7, 2007 Madison Estates Steve Kleeman Dyson Development 437 S. Highway 101, Suite 220 Solana Beach, CA. 92075 Re: Tract Map 30834 To Whom It May Concern: Per authorization from the Public Works Department, the City Clerk's Office hereby releases the following bonds: Performance Bond 827835S in the amount of $124,000 Performance Bond 827836S in the amount of $171,556 Performance Bond 827837S in the amount of $246,371 Performance Bond 827838S in the amount of $64,876 Also enclosed and returned to you are bond riders that the City Clerk's Office has had "on hold" in our files since August 15, 2005. The bond riders were never applied to the performance bonds because no reductions were approved by the City Council. If you have any questions, please call me at (760) 777-7002. Sincerely ERONICA J. City of La Qui ta, cc: Tim Jonasson, Public Works Director/City Engineer Developers Surety & Indemnity Company File ce-itr 4 4 Qu&rfij MEMORANDUM To: Veronica Montecino, City Clerk From: immer, Development Services Principal �?' Via: �Cothy R. Jonasson, Public Works Director / City Engineer Date: July 30, 2007 Re: Release of Performance Securities for Stone Creek Ranch, Tract No. 30834, Off -site Improvements Please release the following performance securities held in your files for the above referenced tract. All work associated with the conditions of approval has been completed. Additionally, all obligations of the Subdivision Improvement Agreement have been satisfied. Furthermore, the off -site improvements were accepted by City Council on July 17, 2007. The amounts and the address to the surety company to which the securities are as follows: Tract No. 30834 Bond Number Performance Security 827835S $124 000 827836S $171, 556 827837S $246,371 827838S $64,876 Developer: Steve Kleeman Dyson Development 437 So. Hwy 101, Suite 220 Solana Beach, CA 92075 Surety Company: Developers Surety and Indemnity Company P.O. Box 19725 Irvine, CA 92623 Cc: Project File I, Tract No. 30834 Amy Yu, Assistant Engineer II T:\Tracts\30000-39999\30834\Internal Correspondence\TM 30834, Stone Creek, Release of Offsite Perf Memo.doc Tjif 4 4G2"Arw MEMORANDUM To: June S. Greek / City Clerk From: John Freeland / Senior Engineer Raoul Martinez / Assistant Engineer II Via: Timothy Jonasson / Public Works Director Re: Hold Warranties, Tract Map 30834 Date: August 15, 2005 Attached are replacement bonds for Tract Map 30834, Madison Estates. Please hold these in your file until they go before City Council for approval. Tract Map 30834 Bond Number Bond Amount 827835S $12,400.00 827836S $17,156.00 827837S $24,637.00 827838S $6,488.00 827839S $82,737.00 827840S $79,572.00 827841 S $45,420.00 827842S $43,369.00 827843S $2,108.00 s-%JL s..� Cc: Project File I, Tract Map 30834 Page 1 of 1 Phyllis Manley From: Daniel Valenzuela Sent: Wednesday, April 18, 2007 12:45 PM To: Phyllis Manley Subject: TM 30834 - Stonecreek Ranch Hi Phyllis, Could you please check your files regarding a bond reduction for this Tract? On April 15, 2005, we approved a reduction and unfortunately it seems that the developer never submitted new reduced bonds. I would like to respond to Mr. Allen Janisch, with Toll Brothers, regarding this matter. Thank you for your help, Daniel Valenzuela - Assistant Engineer I La Quinta Public Works Department 78-495 Calle Tampico, La Quinta, CA 92247 Direct: (760) 275-2789 Fax: (760) 777-7155 Email: dv.alenzuela@la-quinta.org Web: www.la-quinta.org vk, 4 is e`7 r^--• F� (� o l M CA.I,tf'�-� [LA a u.�TLc� �� N�c. 4/18/2007