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31248 Evergreen-Avenue 48 and Washington, LLC - OBR & Released BondsOUTSTANDING BOND REPORT Name: Evergreen -Avenue 48 and Washington LLC (Walgreens) Parcel No. 31248 Date of Contract: May 20, 2004 Required Bond Amounts: On Site: Grading $ 38,410 performance/labor & materials Drainage $ 41,971 same Water $123,959 same Sewer $ 50,400 same Utilities $ 13,098 same Monumentation $ 1,650 performance only 10% Contingency $ 27,200 / $27,000 Prof. Fees Design 10% $ 29,920 / $29,730 Prof. Fees Const. 10% $ 29,920 / $29,730 No Plan Contg. 15% $ 44,880 / $44,600 Off Site: Street improvements $ 44,180 performance/labor & materials Peri. Landscaping $ 13,000 same Water $ 13,686 same 10% Contingency $ 7,090 same Prof. Fees. Design 10% $ 7,800 same Prof. Fees. Const. 10% $ 7,800 same No Plans Contg. 15% $ 11,690 same Dates of Bond Reductions: Outstanding Bonds and Bond Company: RLI Insurance Company Amount: Bond No. Date Cancelled/Released: $105,300 SSB377492 Released 2/22/08 $105,300 (L&M) same Released 5/21 /08 $403,900 SSB377493 Released 2/22/08 $403,900 (L&M) same Released 5/21 /08 NOTE: Replacement bonds in the amounts of $7,087 and $26,784 were on hold in the file per memo from P.W. on 12/7/05, but returned to developer with performance bonds on 2122108. N P.O. Box 1504 LA QUINTA, CALIFORNIA 92247-1504 78-495 CALLF TAMPICO (760) 7 7 7 - 7 0 0 0 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-71.01 May 21, 2008 Evergreen Devco, Inc. Roxanne Fields 2390 E. Camelback Rd, Suite 410 Phoenix, AZ 85016 Re: Tract Map 31248 (Walgreens) To Whom It May Concern: Per authorization from the Public Works Department, the City Clerk's Office hereby releases Labor & Materials Bond Nos. SSB377492 and SSB377493 in the amounts of $105,300 and $403,900 respectively. If you have any questions, please call me at (760) 777-7002. Sincerel , VERONICA J ONTECINO, City Clerk City of La Quinta, California cc: Tim Jonasson, Public Works Director/City Engineer RLI Insurance Co. File T40f 4 4Q" MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From: Ed Wimmer, Development Services Principal Engineer Via: Timothy R. Jonasson, Public Works Director / City Engineer Date: May 9, 2008 Re: Release of Labor & Materials Securities for Parcel Map No. 31248, Walgreens, On -Site and Off -Site Improvements Please release the following on -site and off -site Labor & Materials securities held in your files for the above referenced tract. The on -site and off -site improvements were accepted by City Council on February 5, 2008; therefore, the retention of the Labor & Materials 90-day period was completed on May 5, 2008. The security amounts and the address to the surety company are as follows: PARCEL No. 31248 Labor & Materials Bond No. Labor & Materials Amount SSB377492 $105,300 SSB377493 $403,900 Developer: Ms. Roxanne Fields Evergreen Devco, Inc. 2390 E. Camelback Rd, Suite 410 Phoenix, AZ 85016 Surety Company: RLI Insurance Company P.O. Box 3967 Pheoria, IL 61612-3967 cc: Project File I, Parcel Map No. 31248 Amy Yu, Assistant Engineer II TATracts_Parcel Maps_SP\30000-39999\31248\Internal Correspondence\Release of L&M memo PM 31248.doc P.O. Box 1504 LA QUINTA, CALIFORNIA 92247-1504 78-495 CALLF TAMPICO (760) 7 7 7 - 7 0 0 0 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 February 22, 2008 Evergreen Devco, Inc. Roxanne Fields 2390 E. Camelback Rd, Suite 410 Phoenix, AZ 85016 Re: Tract Map 31248 (Walgreens) To Whom It May Concern: Per authorization from the Public Works Department, the City Clerk's Office hereby releases Performance Bond Nos. SSB377492 and SSB377493 in the amounts of $105,300 and $403,900 respectively. Since no warranty is required, we are also returning the warranty bonds related to the above -mentioned bond numbers that have been on hold in the City Clerk's Office since December 7, 2005. If you have any questions, please call me at (760) 777-7002. :i:Sincerel , 61 VERONICA City of La I %NIONTECINO, City Clerk inta, California cc: Tim Jonasson, Public Works Director/City Engineer RLI Insurance Co. File a4l T40t 4 e(P QdAr4u MEMORANDUM To: Veronica J. Montecino, CMC, City Clerk From:Ed Wimmer, Development Services Principal Engineer V 'nQ- Via: QTimothy R. Jonasson, Public Works Director / City Engineer Date: February 20, 2008 Re: Release of Performance Securities for Parcel Map No. 31248, Walgreens, On -Site and Off -Site Improvements Please release the following on -site and off -site Performance securities held in your files for the above referenced tract. All obligations of the Subdivision Improvement Agreement for on -site and off -site improvements have been satisfied. The on -site and off -site improvements were accepted by City Council on February 5, 2008. The security amounts and the address to the surety company are as follows: PARCEL No. 31248 Performance Bond No. Performance Amount SSB377492 $105,300 SSB377493 $403,900 Developer: Ms. Roxanne Fields Evergreen Devco, Inc. 2390 E. Camelback Rd, Suite 410 Phoenix, AZ 85016 Surety Company: RLI Insurance Company P.O. Box 3967 Pheoria, IL 61612-3967 cc: Project File I, Parcel Map No. 31248 Amy Yu, Assistant Engineer II TATracts_Parcel Maps_SP\30000-39999\31248\Internal Correspondence\Release of Performance memo PM 31248.doc MEMORANDUM TO: June S. Greek, City Clerk kti8-K FROM: WTimothy R. Jonasson, Public Works Director / City Engineer DATE: December 7, 2005 RE: Hold Warranty Securities, Evergreen TM 31248 Attached are replacement bonds for Tract Map 31248, Evergreen. Please hold these in your file until they go before City Council for approval. Tract Map 31248 Bond Number Bond Amount SSB377492 $7,087.00 SSB377493 $26,784.00 Total $33,871 .00 Cc: Project File I, Tract No. 31248 TAPWDEPT\Tracts\3l24811ntemal CorrespondenceNemo Hold Securities.doc