32751 Citrus El Dorado, LLC - OBR & Released BondsOUTSTANDING BOND REPORT
Tract Number: 32751
Development: Citrus El Dorado, LLC
Developer/Owner: Craftsmen Homes, LLC
Bond Company: Western Insurance Company
P.O. Box 21030
Reno, NV 89515
Outstanding / Released Bonds:
Bond Type Bond No. Amount: Date Replaced or Released
Grading CWS70724 $123,240
Fugitive Dust
Control (PM 10) Cash Deposit $17,200
Performance CWS70754 $1,861,476
$674,087 rider Replaced w/ Rider 01/24/2008
Labor & Material CWS70754 $1,861,476
$1,849,596 rider
Replaced w/ Rider 05/03/2007
Released/Returned 06/07/2007
(not required yet)
C
June 7, 2007
Citrus El Dorado
Attn: Chief Executive Officer
1 157 N. Red Gum Street
Anaheim, CA. 92806
Re: Tract Map 32751
To Whom It May Concern:
Per authorization from the Public Works Department, the City Clerk's Office hereby is
returning Maintenance Bond CWS70954 in the amount of $186,147.60. The bond
was included with the performance and labor/materials bonds submitted with the
Subdivision Improvement Agreement but is not required until all improvements have
been completed.
If you have any questions, please call me at (760) 777-7002.
Sincer6Qu'
VEROgCalifornia
, City Clerk
City o
cc: Tim Jonasson, Public Works Director/City Engineer
Anthony Colarossi, Associate Engineer
Western Insurance Co.
File
P.O. BOX 1504 • LA QUINTA, CALIFORNIA 92247-1504
78-495 CALLE TAMPICO • LA QUINTA, CALIFORNIA 92253
(760) 777-7000 -FAX (760) 777-7101 4
SURETY RIDER
Tobeattachedtoand form apart ofBondNo. CWS70954
inthe amoturtof$1,861,476.00
1157 N. Red Gum Street, Anaheim, CA 92806
on behalf of Citrus El Dorado, LLC
as Principal and executedbyWESTERN INSURANCE COMPANY
as SSlety in favor of State of California
Effective Date of Bond: March 23, 2007
F,fRvdveDate ofChange: May 3, 2007
In consideration offlne natual agneernergs herein contained, the Principal and the Sivety
hereby consent to amend saidbondby cbmging the following:
Change Labor & Materials bond amount:
From: $1,861,476.00
To: $1,849,596.00
Nothing herein contained shall vary, alter or extend any provision or condition ofthis
bond except as hereon expressly stated_
Signed, Sealed & DatedtbiS 3rd day of May 2007
WESTERN INSURANCE COMPANY
SIR--ty
Caroline L. Brown, Attomey-in-Fact
BONDNO: CWS70954
PREM M INCLUDED
IN PERFORMANCE BOND.
LABOR AN D MATERIAL BOND
Tract #32751 - Subdivision improvements including grading, street, storm drain, dry utilities, and monumentation.
KNOW ALL MIN BY THESE PRESENTS:
That ,Citrus El Dorado, LLC _ _ _ as Principal, and
WESTERN INSURANCE COMPANY a corporation organized and doing business under and by virtue of the
Laws ot ffie State ofNevada and duly licm5ed to conduct a general surety business in the State of California ety as Sur
are held andfvmly o unto City of a Quinta as Obligee, in The surn,
of One Million Eight Hundred Sixty One Thousand Four Hundred Scventy Six and NO/100 {$ 1,861,476.00 ) for
which payment, well and truly to be made, we bind ourselves, our heirs executors and successors, jointly and severally
fimllybythese presents.
THE CONDITION OF THE OBLUATIONIS SUCH THAT:
Vd EREAS, the above named Principal. has entered into an agreement or agreements which are made a part of this bond,
withthe City of La Quinta as Obligee for the improvements in the subdivision
designated as (Tract Parcel) Map No. 32751 as required be the Government Code of
California.
NOW THEREFORE, the condition of this obligation is such, that if the above Principal fails to make payment to any
contractor, his subcontractors, or to persons renting equipment or fim ishing labor and materials to them for the
improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not
exceeding the sum specified in this bond
This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the
Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their
subcontractors and persons renting equipment or famishing labor or materials to them for the improvement Notice of
extension of time for completion is waived by the Surety.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name
of the said Surety is hereto affixed and attested by its duly authorized Attomey-in Fact at Las Vegas, NV
this 23rd dayof March 7p()7
"PRINCIPAL If
Citrus El Dora , LLC
BY:
°SURETY"
WESTERN INSURANCE COMPANY _
BY ( �G;t { A &-, — - -
Camline L. Brown, Attomey-in-Fact
4
PUBLIC WORKS/ENGINEERING DEPARTMENT
INTEROFFICE MEMORANDUM
TO: June Greek, City Clerk
FROM: Anthony Colarossi, Associate Engineer
VIA: A-11-nothy R. Jonasson, Public Works Director/City Engineer
SUBJECT: TM 32751, Craftsman Homes, PM10 Cash Deposit
DATE: May 1, 2006
The City Engineer is reviewing a Fugitive Dust Control Plan for the subject
project. The developer is submitting a Fugitive Dust Control Cash Deposit
with the City. This deposit encompasses 100% of the PM 10 security for TM
32751. Please find the following enclosed:
1. Copy of Cash Deposit Sheet for Fugitive Dust Control
Amount = $ 17,200.00
Finance Project No.: 06-030
If you have any questions, please contact me at extension 7089.
Thank You.
Craftsman Homes (Citrus) PM10 Cash.doc
CASH DEPOSIT STATUS SHEET*
Budget Account No. -
DIN:32751 Project Location: Citrus Country Club; Jefferson next to Watermark; TM 32751
Developer: CRAFTSMEN HOMES, LLC; 1157 N. RED GUM STREET; ANAHEIM, CA 92806; PHONE (714) 630-
7685.
®CASH SECURITY - DESCRIPTION OF OBLIGATION PROMPTING DEPOSIT
HDust control; ❑As -built plans; ❑Removal of temporary improvements
Other
❑CASH PAYMENT - DESCRIPTION OF OBLIGATION PROMPTING DEPOSIT
DATE
DEPOSIT
DEBIT
BALANCE
Amount
Receipt#
4/27/06
$17,200.00
$17,200.00
COMMENTS DEVELOPER DECIDED TO PAY ALL CASH INLIEU OF BOND TOO. PROJECT SIZE = 8.6 ACRES.
Craftsmen Homes LLB Wells Fargo Bank NA , C HECK NO. 15693
693
01,17N Ued Gum Sirc*l www.weltsfargo.com
Anabellns, CA 92SG3 824
7i!/fi3[�7G$5 _ -12204624 DATE rAMOLAT
PAY
EXACTLY SEVENTEEN THOUSAND TWO HUNDRED DOLLARS
TO THE
ORDER
OF City of La Quin(a
04/21/2006 *****'$17,200.00
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