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31116 OBR & Released BondsOUTSTANDING BOND REPORT Name: CP Development Tract No. 31116 Date of Contract: March 18, 2005 Required Bond Amounts: Grading $182,080 PM10 $ 69,900 Off -Site: Streets (Washington) $104,880 performance/labor & materials Sidewalk (Wash. & Miles) $ 71,570 same Landscaping (Parkway) $ 49,900 same Traffic Signal @ Washington & Seeley $125,000 same Standard 10% Contg. $ 35,140 same Prof. Fees Design $ 38,650 same Prof. Fees Const. $ 38,650 same No Plans Contg. $ 38,650 same On -Site: Rough Grading $ 63,120 same Water $176,780 same Sewer $138,1 10 same Streets $301,290 same Utilities $155,000 same Storm Drain $260,340 same Landscaping $165,920 same Monumentation $ 7,500 performance only Standard 10% Contg. $126,810 / $126,060 Prof. Fees Design $139,490 / $138,660 Prof. Fees Const. $139,490 / $138,660 No Plans Contg. $139,490 / $138,660 PM10 (dust control) $ 10,540 Outstanding Bonds and Bond Company: Travelers Casualty and Surety and Insurance Company of the West Amount: $182,080 $ 69,900 $502,440 (P) $377,830 (R) $ 35,135 (W) $502,440 (L&M) $1,813,340 (P) $ 791,279 (R) $ 126,056 (W) Bond No. 104351623 104351624 2137548 same 213754803 same 2137547 same 213754702 $1,802, 600 (L&M) same $ 7,540 6373465 $ 3,000 (cash deposit in Finance) Date Cancelled/Released: Released 5/5/10 Released 5/5/10 Replaced w/rider 1 1 /20/08 Released 1/10/2011 Replaced w/warranty 5/5/10 Released 5/5/2010 Released 4/18/201 1 Released 1 /10/1 1 Replaced w/rider 11 /20/08 Released 1/10/2011 Replaced w/warranty 5/5% Released 5/5/2010 Released 4/18/201 1 Released 1 /10/1 1 Released 5/5/10 Released by check 1 1 /6/09 Tit'y 4 Zfv Q91A& MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: imothy R. Jonasson, P.E., Public Works Director /City Engineer Date: April 6, 2011 Subject: Release of Warranty Securities for Parcel Map No. 31 1 16, Centre Pointe Please release the following warranty securities held in your files for the above referenced parcel. The improvements were accepted by City Council on March 16, 2010. The warranty amounts and the address to the developer and surety company are as follows: PARCEL No. 31116 Warranty Bond No. Warranty Amount 213754803 off -site $35,135 213754 02 on -site $126,056 Developer: Mr. Richard Oliphant CP Development La Quinta, LLC 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Surety Company: Insurance Company of the West 11455 El Camino Real San Diego, CA 92130-2045 Cc: Project File I, Parcel Map No. 31116 T:\Tracts_Parcel Maps_SP\30000-39999\31116\internal correspondence\Release of Warranty Security memo PM 31116.doc P.O. Box 1504 LA QUINTA, CA 92247-1504 78-495 CALLE TAMPICO LA QUINTA, CA 92247-1504 January 10, 2011 CP DEVELOPMENT LA QUINTA, LLC Richard Oliphant 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Re: Parcel Map 31116 Dear Mr. Oliphant: OFFICE OF THE CITY CLERK (760) 777-7103 FAX (760) 777-7107 Per authorization from the Public Works Department, the City Clerk's Office hereby releases Labor & Materials Bonds/Riders 2137548 and 2137547 in the respective amounts of $502,440 and $1,802,600. If you have any questions, please call me at (760) 777-7002. Sincerely, CA)JQkL41- PHYLLIS MANLEY, Deputy City Clerk City of La Quinta, California cc: Tim Jonasson, Public Works Director/City Engineer Insurance Company of the West File T4ht 4 4a Q941�t& MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed immer, Development Services Principal Engineer Via: Timothy R. Jonasson, P.E., Public Works Director/ City Engineer Date: January 3, 2011 Subject: Release of Labor & Materials Securities for Parcel Map No. 31116, Centre Pointe Please release the following Labor & Materials securities held in your files for the above referenced parcel. The off -site and on -site improvements were accepted by City Council on March 16, 2010. The Labor & Materials security amounts and the address to the developer and Surety Company are as follows: PARCEL No. 31116 Labor and Materials Bond No. Bond Amount 2137548 (off -site) $502,440 2137547 (on -site) $1 ,802,600 Developer: Mr. Richard Oliphant CP Development La Quinta, LLC 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Surety Company: Insurance Company of the West 11455 El Camino Real San Diego, CA 92130-2045 Cc: Project File I, Parcel Map No. 31116 Page 1 of 1 Tity/ 4 4a" P.O. Box 1504 LA QUINTA, CA 92247-1504 78-495 CALLE TAMPICO LA QUINTA, CA 92247-1504 May 5, 2010 CP DEVELOPMENT LA QUINTA, LLC Richard Oliphant 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Re: Parcel Map 31116 Dear Mr. Oliphant: OFFICE OF THE CITY CLERK (760) 777-7103 FAX (760) 777-7107 Per authorization from the Public Works Department, the City Clerk's Office has received warranty bonds in the amounts of $35,135 and $126,056 and hereby releases Performance Bonds/Riders 2137548 and 2137547 in the respective amounts of $377,830 and $791,279. If you have any questions, please call me at (760) 777-7002. Sincer y 1 0 VERONICAj. MONTECINO, City Clerk City of La Quinta, California cc: Tim Jonasson, Public Works Director/City Engineer Insurance Company of the West File Tiht 4 Zi� QuiK& MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: �ki m othy R. Jonasson, P.E., Public Works Director/ City Engineer Date: April 30, 2010 Re: Release of Performance Securities and Retain Warranty Securities for Parcel Map No. 31 1 16, Centre Pointe Please release the following Performance securities held in your files for the above referenced project. The off -site and on -site improvements were accepted by City Council on March 16, 2010. The security amounts and the address to the surety company are as follows: Parcel No. 31116 Type of Bond Bond No. Performance Amount Performance (off -site) 2137548 $377,830 Performance (on -site) 2137547 $791,279 Please retain the attached Warranty securities. Parcel No. 31116 Type of Bond Bond No. Warranty Amount Warranty (off -site) 213754803 $35,135 Warranty (on -site) 213754702 $126,056 Developer: Mr. Richard Oliphant CP Development La Quinta, LLC 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Surety Company: Insurance Company of the West 11455 El Camino Real San Diego, CA 92130-2045 cc: Project File I, Parcel Map No. 31116 Amy Yu, Assistant Engineer 11 T4hf 4 4axhrw P.O. Box 1504 LA QUINTA, CA 92247-1504 78-495 CALLE TAMPICO LA QUINTA, CA 92247-1504 May 5, 2010 CP DEVELOPMENT LA QUINTA, LLC Richard Oliphant 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Re: Parcel Map 31116 Dear Mr. Oliphant: OFFICE OF THE CITY CLERK (760) 777-7103 FAX (760) 777-7107 Per authorization from the Public Works Department, the City Clerk's Office hereby releases the following bonds: Performance Bond 6373465 in the amount of $7,540 (Dust Control) Performance Bond 104351624 in the amount of $69,900 (Dust Control) Performance Bond 104351623 in the amount of $182,080 (Grading) If you have any questions, please call me at (760) 777-7002 Sincere y VERONICA . MONTECINO, City Clerk City of La Quinta, California cc: Tim Jonasson, Public Works Director/City Engineer Safeco Insurance Company of America Travelers Causality & Surety Company of America File 164Q vtu.ntl - O jj. — yew 4199,o80 fi+ -0 n�a . T4ht 4 4wQ" MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: EEdd Wimmer, Development Services Principal Engineer Via: 6 Wnothy R. Jonasson, P.E., Public Works Director/ City Engineer Date: April 30, 2010 Re: Release of Grading and PM-10 Dust Control Securities Parcel Map No. 31 1 16, Centre Pointe Please release the following grading and PM-10 securities held in your files for the above referenced project. The off -site and on -site improvements were accepted by City Council on March 16, 2010. The security amounts and the address to the surety company are as follows: Parcel No. 31116 Type of Bond Bond No. Performance Amount Grading 104351623 $182,080 PM-10 104351624 $69,900 Developer: Mr. Richard Oliphant CP Development La Quinta, LLC 77-564 Country Club Drive, Suite 100 Palm Desert, CA 92211 Contractor: Turner Construction Company 1900 S. State College Blvd. Anaheim, CA 92806 Surety Company: Travelers Casualty and Surety Company of America One Tower Square Hartford, CT 06183 cc: Project File I, Parcel Map No. 31116 Amy Yu, Assistant Engineer 11 T4,ttt 4 4a Q" MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: AM othy R. Jonasson, P.E., Public Works Director/ City Engineer Date: April 30, 2010 Re: Release of PM-10 Dust Control Security Parcel Map No. 31 1 16, Desert Villas Please release the following PM-10 security held in your files for the above referenced project. The Desert Villas project is now Tract Map No. 36089 and the new developer of the Desert Villas, Dolphin La Quinta, LLC, has posted with the City a PM-10 dust control cash deposit in the amount of $10,520. The security amount and the address to the developer are as follows: Parcel No. 31116 Type of Bond Bond No. Performance Amount PM-10 6373465 $7,540 Developer: Lennar Homes 391 N. Main St, Suite 300 Corona, CA 92880 cc: Project File I, Parcel Map No. 31116 Amy Yu, Assistant Engineer 11 ri Tit(t 4 4 Qumz MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: �Atothy R. Jonasson, Public Works Director / City Engineer Date: May 3, 2010 Re: Release of PM-10 Dust Control Cash Deposit Parcel Map No. 31116, Desert Villas The PM-10 Dust Control cash deposit in the amount of $3,000 was released with a check issued by the Finance Department. A copy of the check is attached for your record. Cc: Project File I, Parcel Map No. 31116 Amy Yu, Assistant Engineer II CADocuments and Settings\ayu\Desktop\Cash Deposit Release Memo Lennar PM 31116.doc TwitXi� Qumm y oy . y� DEMAND 1 CHECK. REQUEST OF Qti . Return check to requestor Mail check Name / Title of person requesting check Department individual is associated with: `Tuhli«erLs Check payable to: Law dxa�s (Name) p (Vendor o.) (Address) Comna Check description and invoice number: rF V I (I as (Aht ors m Amount: $ '30p u Account Number: f — ODOD- ZZ S. % Zi OD Project Number: 0& "— DI I Receives( IOM-10 Ca54 delDc'J+ MPIO(CerH -��rQm 'GJo�lp�t`�v� �`frters Signature: .tip---- artent a 0 1-23( 0C) ( ate) APPROVED FOR PAYMENT (Finance Department Use Only) BY, BY: ACCOUNT NO. DESCRIPTION l,ity c�o�a �uinta CHECK NO. 85131 LENNAR HOMES 4006 DATE INVOICE ACCOUNT DESCRIPTION 10/30/09 PM31116 101-0000-228-10.00 06-011 DEV DEP Petrie. Of Prn -1 o (cpD5lf beSe-r+ Vi I IG.S ( Rz!,t pF Centrc 'PD i h-i,-- 11/10/2009 AMOUNT 3,000.00 DOCUMENT HAS A COLOREDBACKGROUND.ON 3� KNELLS FARGO BANK 851 V { 1 1f-24ds TOM 1 CHECK NO. P.O. BOX 1504 78-495 CALLE TAMPICO DATE AMOUNT LA QUINTA, CA 92247 11/10/2009 $*'***3, 000.00 CFkoF ° 1780) 777-7150 PAY mm, TO THE LENNAR HOMES ORDER 391 N. MAIN ST., STE 300 OF CORONA CA 92880 AUTHORIZED 51 ATU . M -�P- 6axAl-- AUTHOMIZEDYIGNATURE 3 II100008 5 L 3 LII' 1: L 2 1000 2481: L. L 5 9 213 2 t,8 211' CASH DEPOSIT STATUS SHEET* Budget Account No. 101-000-261- DIN:31116 Project Location: Desert Villas (Part of Centre Pointe) PM 31116 Developer: LENNAR HOMES, 40004 COOK STREET; PALM DESERT, CA 92211 ❑CASH SECURITY - DESCRIPTION OF OBLIGATION PROMPTING DEPOSIT I ®Dust control; ❑As -built plans; ❑Removal of temporary improvements I Other ❑CASH PAYMENT - DESCRIPTION OF OBLIGATION PROMPTING DEPOSIT DATE DEPOSIT DEBIT BALANCE Amount Receipt # 11/4/05 $3,000.00 $3,000.00 COMMENTS THIS IS MORE THAN 25%, SEE BOND FOR 7540. TOTAL OF -'5.27ACRES DISTURBED. Cash deposits placed in City administered trust accounts are typically received for two basic reasons: 1) CASH SECURITY- to provide a source of funds for the City to draw upon if the City incurs costs satisfying obligations of the developer, or 2) CASH PAYMENT- to provide a source of funding for improvements, property, or services to be acquired, or administered, by the City at the developer's expense. The City will release the fund balance when the developer's obligations that prompted the cash deposit are fully satisfied. The release function is initiated via the Request/Demand for Release of Cash Deposit (Form F058) F059 8/00 FINANCE Revenue Code CASH DEPOSIT STATUS SHEET* DIN:31116 Project Location: Desert Villas (Pz Developer: LENNAR HOMES, 40004 COOK S' ❑CASH SECURITY - DESCRIPTION O Dust control; ❑As -built plans; ❑Rt Other ❑CASH PAYMENT - DESCRIPTION OF DEPOSI" DATE I Amount 11/4105 1 $3,000.00 C11Y OF LA 11CIINTA *** CUSfONER RECEIPT Date: 11/08/05 01 Receipt no: 4781 Customer Location Name Amount 2173 2173 LENNAR HOMES PRDJ #0 AD A/R DEVELOPER DE -POSITS Trans number: i3000.00 43391 LENNAR/DEV DEP PROD #06-011 Tender detail CK UECK 3-18314 $3000.00 fetal tendered $3000.00 Total payment f3000.00 franc date: 11/08/05 Time: 9:47:18 *** 1 K4W YW FOR YOUR PAYMENT **t w,.�,aww�+.rororoaaa►roaaaar�.a+rawr�rwvaryw�.n.m PAYM9EMS RECEIVED AFTER 3 P.M. WILL BE POSFED TO THE NEXT DAY'S ACTIVITY 11-000-261- COMMENTS THIS IS MORE THAN 25%, SEE BOND FOR 7540. TOTAL OF—5.27ACRES DISTURBED. Cash deposits placed in City administered trust accounts are typically received for two basic reasons: 1) CASH SECURITY- to provide a source of funds for the City to draw upon if the City incurs costs satisfying obligations of the developer, or 2) CASH PAYMENT- to provide a source of funding for improvements, property, or services to be acquired, or administered, by the City at the developer's expense. The City will release the fund balance when the developer's obligations that prompted the cash deposit are fully satisfied. The release function is initiated via the Request/Demand for Release of Cash Deposit (Form F058) &t46 A a«3 F059 8100 Bond #2137548 Premium $7,795.00 SUBDIVISION IMPROVEMENTS Parcel Map No. 31116 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map No. 31116 , prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and CP DPVP 1 ni mc-nt. La Qn i nta LLc a ('-a1Jfqrnia LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated Marr•hl , 200ri. , and identified as Parcel Map No. �, , , , is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and Insurance Company of the West , as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum Of Five Hundred Sixty Thousand Four Hundred TenDOLLARS ($ 560 , 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 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 Bond #2137548 Premium included in Performance Bond SUBDIVISION IMPROVEMENTS Parcel Map No. 31116 LABOR AND MATERIAL BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map No. 31116 , 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 cP hereinafter designated as "the principal" have enteredinto an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, dated March 1, 200 5, and identified as Parcel Map No. 31116 , 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 ofFive Hundred Sixty Thousand Four Hundred Ten & no/10001-LARS ($ 560, 410.00**** ), 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 Bond # 2137547 Premium: $26,793.00 SUBDIVISION IMPROVEMENTS Parcel Map No. 31116 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: 3 11 , the City Council of the City of La Quinta has approved the final map for Parcel Map No. 3 16 , 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 CP Development La Quinta LLC a California 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 Ma rah i , 200� , and identified as Parcel Map No. ti , 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 Two Million Twenty Two Thousand Five Hundred Seventy DOLLARS ($2,220,570.00**** 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 Bond #2137547 Premium included in Performance Bond SUBDIVISION IMPROVEMENTS Parcel Map No. -1111 ,; LABOR AND MATERIAL BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map No. 31116 , 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 CP Development La Quinta LLC A California 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 Marr•h 1, 200L, and identified as Parcel Map No. 31116 , 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 Twn Mi 1 1 i an Tqn ahnnsand si x. •HunrlrPrl & No/100---DOLLARS ($ 2;, 010, 600.00** f, 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 FAITHFUL PERFORMANCE BOND (LQMC 6.16) Bond No. 104351624 Premium: $1,328.00 Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize Turner Construction Company 400 Exchange, Ste. 250, Irvine, CA 92602 , 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 and WN6 & 014ts&S c+ of tl4e_ a��F 5�crioN Iq j w s�►}� � 50 �.'KANG�"'%' S,A►5i, 'S •'i3.M. 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 # 04 0'� 3 , 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 Travelers Casualty and Surety Company of America as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal Sum of Sixty Nine Thousand Nine Hundred and No/100 Dollars ($69,900.00 ) 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 FAITHFUL PERFORMANCE BOND (LQMC 8.02.01 & CBC 3311) Bond No. 104351623 Premium: $3,460.00 Grading Bond WHEREAS, the City of La Quinta, California, is prepared to issue Encroachment Permit # in accordance with the La Quinta Municipal Code, and the California Building Code which is adopted by reference, to Turner Construction Company , as Principal, whereby Principal will be authorized to perform certain grading improvements identified in the permit, and as further detailed on the grading lans re fe enced therein, to privately -owned property generally known to the City d others as 3�; and BCtN6 X 01g1& P c$:,A� f�P.hoh) t11'k. 4 � S� d c�. r -M jP s 'SitkM 1 �� -7 CA`si'' S. a. Nt . 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 Travelers Casualty and Surety Company of America as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of One Hundred Eighty Two Thousand Eighty and No/100 Dollars ($182,080.00 ) 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 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 F210-1