32683-3 Washington 111, LTD - OBR & Released Bonds NOT CLOSED?OUTSTANDING BOND REPORT
Tract Number: 32683-3
Development: Washington Park
Developer/Owner: Washington 111, LTD
Bond Company: Insurance Company of the West,
17852 E. 17th Street, Suite 111
Tustin, CA
Attn: Judy Williams
Outstanding / Released Bonds:
Bond Type Bond No. Amount: Date Replaced or Released
Grading
Fugitive Dust
Control (PM 10)
Performance 1840648
1840649
$327,780
$105,880
Replaced w/ warranty 12/26/2006
Labor & Material 1840648
1840649
$313,430
$105,880
Released 12/4/2006
Warranty 1840648 $19,650 Released 12/21/2007
P.O. Box 1504
LA QUINTA, CALIFORNIA 92247-1504
78-495 CALLE TAMPICO (760) 777-7000
LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101
December 21, 2007
Bill Sanchez
Washington 1 1 1, LTD
80-618 Declaration Avenue
Indio, CA. 92201
Re: Tract Map 32683-3
To Whom It May Concern:
Per authorization from the Public Works Department, the City Clerk's Office hereby
releases Warranty Bond 1840648 in the amount of $19,650.
If you have any questions, please call me at (760) 777-7002.
Sincerely,
n
VERONICA J.fi4ONTECINO, City Clerk
City of La Quinta, California
cc: Tim Jonasson, Public Works Director/City Engineer
Insurance Company of the West
File
Twyl 4 4 agmaj
MEMORANDUM
To: Veronica J. Montecino, CMC, City Clerk
From; Ed Wimmer, Development Services Principal Engineer I`
Via: #tothy R. Jonasson, Public Works Director / City Engineer
ineer
Date: December 17, 2007
Re: Release of Warranty Securities for Parcel Map No. 32683-3,
Washington Park Retail Center, On -Site Improvements
Please release the following warranty securities held in your files for the above
referenced parcel. The improvements were accepted by City Council on December
5, 2006.
The warranty amounts and the address to the developer and Surety Company are
as follow:
Parcel Map No. 32683-3
Warranty Bond No. Warranty Amount
1840648 1 $19,650
Developer: Mr. Bill Sanchez
Washington 1 1 1, LTD.
80-618 Declaration Avenue
Indio, CA 92201
Surety Company: Insurance Company of the West
1 1-455 El Camino Real
San Diego, CA 92130-2045
cc: Project File I, Parcel Map No. 32683-3
Amy Yu, Assistant Engineer II
T:\Tracts_Parcel Maps_SP\30000-39999\32683 (1-3)\32683-3\internal correspondence\Release of Warranty Security onsite memo
PM 32683-3.doc
M
P.O. Box 1504
LA QUINTA, CALIFORNIA 92247-1504
78-495 CALLE TAMPICO
LA QUINTA, CALIFORNIA 92253
December 26, 2006
Bill Sanchez
Washington 1 1 1, LTD
80-618 Declaration Avenue
Indio, CA. 92201
Re: Tract Map 32683-3
To Whom It May Concern:
(760) 7 7 7 - 7 0 0 0
FAX (760) 777-7101
Per authorization from the Public Works Department, the City Clerk's Office has
received a warranty bond in the amount of $19,650, and hereby releases Performance
Bond No. 1840648 in the amount of $327,780.
If you have any questions, please call me at (760) 777-7002.
Sincerely
VERONICA=MON ECINO, City Clerk
City of La Quinta, California
cc: Tim Jonasson, Public Works Director/City Engineer
Insurance Company of the West
File
♦f
■
T4tyl 4 4a"
MEMORANDUM
To: Veronica Montecino, City Clerk
From: Ed Wimmer, Development Services Principal Engineer Y__01
Via: 014othy R. Jonasson, Public Works Director / City Engineer
Date: December 13, 2006
Re: Release of Performance Security for Parcel Map No. 32683-3,
Washington Park Retail Center, On -site Improvements
Please release the following on -site Performance security held in your files for the
above referenced parcel. All on -site work associated with the conditions of
approval has been completed. Additionally, all obligations of the Subdivision
Improvement Agreement have been satisfied. The on -site improvements were
accepted by City Council on December 5, 2006.
The warranty amount and the address to the surety company are as follows:
PARCEL No. 32683-3
Warranty Bond No.
Warranty Amount
Performance
Security
1840648
$19.650
$327,780
Developer: Mr. Bill Sanchez
Washington 1 1 1, LTD.
80-618 Declaration Avenue
Indio, CA 92201
Surety Company: Insurance Company of the West
1 1-455 El Camino Real
San Diego, CA 92130-2045
Cc: Project File I, Parcel Map No. 32683-3
T:\Tracts\30000-39999\32683 (1-3)\32683-3\internal correspondence\PM 32683-3, Washington Paris Ret Ctr, Release of on -site
Performance memo.doc
Bond #184-06-48
Premium $7,056
SUBDIVISION IMPROVEMENTS
Parcel Map No. 32683-3
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map
No. 32683-3 prior to installation of certain designated public improvements required by the
Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code
Section 66462)
WHEREAS, the City Council of the City of La Quinta, State of California, and
Washington III, Ltd. hereinafter designated as ("principal")
have entered into an agreement whereby principal agrees to install and complete certain designated public
improvements, which said agreement, dated 5 / 11 , 200L , and identified as
Parcel Map No. 32683-3 , is hereby referred to and made a part hereof; and
WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the
faithful performance of said agreement.
NOW, THEREFORE, we, the principal and Insurance Company of the West
as of surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum
DOLLARS ($ 327,780 ) 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 Twenty -Seven Thousand Seven Hundred Eighty
F201 - Performance Bond Page 1 of 2
Titif 4 4 UMW
P.O. Box 1504
LA QUINTA, CALIFORNIA 92247-1504
78-495 CALLS TAMPICO (760) 7 7 7 - 7 0 0 0
LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101
December 4, 2006
Bill Sanchez
Washington 1 1 1, LTD
80-618 Declaration Avenue
Indio, CA. 92201
Re: Tract Map 32683-3
To Whom It May Concern:
Per authorization from the Public Works Department, the City Clerk's Office hereby
releases Labor & Materials Bond No. 1840648 in the amount of $313,430.
If you have any questions, please call me at (760) 777-7002.
Sincerely,
VERONICA J. NTECINO, City Clerk
City of La Quinta, California
cc: Tim Jonasson, Public Works Director/City Engineer
Insurance Company of the West
File
Twyl 4 44gArw
MEMORANDUM
To: Veronica Montecino, City Clerk
From: Ed Wimmer, Development Services Principal Engineer PI-1
Via: #Lothy R. Jonasson, Public Works Director / City Engineer
Date: November 29, 2006
Re: Release of Labor and Material Security
On -site Improvements, Washington Park Retail Center,
Parcel Map No. 32683-3
Please release the on -site Labor and Material security held in your files for the
above referenced parcel.
The Labor and Material amount and the address to the surety company are as
follows:
PARCEL No. 32683-3
Labor & Material
Bond Number Security
1840648 $313,430
Developer: Mr. Bill Sanchez
Washington 1 1 1, LTD
80-618 Declaration Avenue
Indio, CA 92201
Surety Company: Insurance Company of the West
1 1-455 El Camino Real
San Diego, CA 92130-2045
Cc: Project File I, Parcel Map No. 32683-3
T:\Tracts\30000-39999\32683 (1-3)\32683-3\internal correspondence\TM 32683-3, Washington Park Ret Ctr, Release of on -site L &
M memo.doc
Bond #184-06-48
Premium: Included
SUBDIVISION IMPROVEMENTS
Parcel Map No. 32683-3
LABOR AND MATERIAL BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT, the City Council of the City of La Quinta has approved the final map for Parcel Map
No. 32683-3 , prior to installation of certain designated public improvements required by the
Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code
Section 66462)
WHEREAS, the City Council of the City of La Quinta, State of California, and
Washington III, Ltd. hereinafter designated as "the principal" have
entered into an agreement whereby the principal agrees to install and complete certain designated public
improvements, which agreement, dated 5 11 , 2005, and identified as Parcel Map
No. 32683-3 , is hereby referred to and made a part hereof; and
WHEREAS, under the terms of the agreement, the principal is required before entering upon the
performance of the work, to file a good and sufficient payment bond with the City of La Quinta to secure the
claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the
Civil Code of the State of California.
NOW, THEREFORE, the principal and the undersigned as corporate surety, are held firmly bound
unto the City of La Quinta and all contractors, subcontractors, laborers, materialmen, and other persons
employed in the performance of the agreement and referred to in Title 15 (commencing with Section 3082)
of Part 4 of Division 3 of the Civil Code in the sum of Three Hundred Thirteen Thousand Four
Hundred Thirty DOLLARS ($ 313,430 ), 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