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