HomeMy WebLinkAbout01628 - FALCON LAKE PROPERTIES CONSTRUCTION SUBDIV IMPR TRACT 1379203 PAL,t�
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N City of Palm Springs
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P.O. Box 1786, Palm Springs, California 92263 (714) 323-8253
DEPARTMENT OF COMMUNITY DEVELOPMENT - ENGINEERING DIVISION
RE C E IV 1* ' NOTICE OF ACCEPTANCE
P 131986
f ITY O FRK FOR x-] PUBLIC AND/OR 0 PRIVATE IMPROVEMENTS
TO: Falcon Lakes Properties ACCEPTANCE DATE: September 17, 1986
34567 Cathedral Canyon Drive PROJECT: Tract 13792-3
Palm Springs, California 92264 Cathedral Canyon Country Club
This is to inform you that the following improvements have been inspected and
found acceptable to the City:
PUBLIC IMPROVEMENTS PRIVATE IMPROVEMENTS
Curbing L.F. Curbing L. F.
Street Paving —S.F. Street Paving S.F.
Sidewalks S.F. Sidewalks S.F.
Driveway Approaches S .F. Driveway Approaches S.F.
Bike Paths S. F. Bike Paths S.F.
Sewer Mains _ L.F. Sewer Mains L. F.
Sewer Laterals L.F. Sewer Laterals L.F.
Sewer Manholes Ea. Sewer Manholes Ea .
Storm Drains L. F. Storm Drains L.F.
Survey Monuments 44 Ea. Survey Monuments Ea.
Location : Calle Loreto
C.P.S. Drawing No s . Tract 13792-3 Permit No.
Contractor(s) actually doing work Sanborn/Webb Inc.
Notify your bonding company/bank to release the following bonds :
No. _ in the amount of $ Performance
No. in the amount of $ Labor & Materials
No. Instrument of Credit in the amount of $ 9,000 Monuments
No. _ in the amount of $ Maintenance Security
Construction bond in the amount of for
Engineer Sanborn/Webb Inc. Bond Co./Bank United California Bank
Comments Spp attached 1 .t r_from_Sanb_Q-rnLWebb Inc. , dated September 14, 1984
Submitted by Approved by
. 1 a ' s e urvey Party Chief Robert L. Mohler
Approved by Engineering Manager
Jo angione
Di V, of Community De lopment
Distribution: Original to Addressee; Copies to City Clerk, Engineering File,
Chief P.W. Inspector, Building, General Operations , Sanborn/Webb Inc.
Index No. 8629
i
September 14 , 1984
Mr. Bob Mohler
City of Palm Springs A? E is E i V rE U
P. 0. Box 1786
Palm Springs, Ca. 92263 S �� `
Re: Tract No. 13792-3 CITY CLERK
Cathedral Canyon Country Club
Dear Bob:
Enclosed is the Certificate of Correction prepared by this office
to correct discrepancies on Tract Map No. 13792-3; Please have the City
Engineer sign the Certificate and then send on to the County Recorder's
office for recordation.
Also enclosed are copies of the tie notes prepared by us (3 sheets)
for City Engineering Department to check the monuments set. Please con-
sider this letter to certify that all monuments for Tract No. 13792-3 have
been set and that we have been paid in full for work performed on said
Tract.
Ile request that the monument bonds be released for this Tract. If
you have any questions, please do not hesitate to contact me.
Sincerely,
SANBORN WE B, INC.
J Son i
i e President
JS;jl
Encl .
600 E Tahquitz-Mc Callum Way•Palm Springs.CA 92262 Telephone (619)325-2245
PALAi
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N City of Palm Springs
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P.O. Box 1786, Palm Springs, California 92263 (714) 323-8253
DEPARTMENT OF COMMUNITY DEVELOPMENT - ENGINEERING DIVISION
.NOTICE OF ACCEPTANCE
FOR ❑ PUBLIC AND/OR ® PRIVATE IMPROVEMENTS
TO: Falcon Lakes Properties ACCEPTANCE DATE: September 4 1984
34567 Cathedral Canyon Drive PROJECT: TR 13792-3
Palm Springs, California 92264 Cathedral Canyon Country Club
This is to inform you that the following improvements have been inspected and
found acceptable to the City:
PUBLIC IMPROVEMENTS PRIVATE IMPROVEMENTS
Curbing L.F. Curbing 5659 L.F.
Street Paving S.F. Street Paving 77090 S.F.
Sidewalks S.F. Sidewalks S.F.
Driveway Approaches EA. Driveway Approaches 42 EA.
Bike Paths S.F. Bike Paths S .F.
Sewer Mains L.F. Sewer Mains L.F.
Sewer Laterals L.F. Sewer Laterals L.F.
Sewer Manholes Ea. Sewer Manholes Ea.
Storm Drains L.F. Storm Drains L.F.
Survey Monuments Ea. Survey Monuments Ea.
Location: Calle Loreto
C.P.S. Drawing No s . 2568 Permit No. 8234
Contractor(s) actually doing work Massey Sand & Rock
Franci, Markley
Notify your bonding company/bank to release the following bonds :
No. Instrument of Credit in the amount of $ 234,000.00 Performance
No. Instrument of Credit in the amount of $ 117,000.00 Labor & Materials
No. in the amount of $ Monuments
No. Instrument of Credit in the amount of $ 35 ,000.00 Maintenance Security
Construction bond in the amount of for
Engineer Band Co./Bank Uni ed California Bank
Comments
* May he released one year after date of acceptance a—
Submitted by u,__ Approved by
Chief P lic ns e for Robert L. Mohler
Approved by Assistant City Engineer
J n A. Mangione
Di of Community Avelopment
Distribution: Original to Addressee; Copies to City_ Clerk, Engineering File,
Chief P.W. Inspector, Building, General Operations
Index No. 8430
'Oalcon Lake Properties - Con-
CITY OF PALM SPRINGS struction Subdiv Impr - Tract
13792-3
SUBDIVISION IMPROVEMENT AGREEMENT AGREEMENT #1628 (original)
8-7-80
THIS AGREEMENT, made and entered into this ) day of
by and between Falcon Lake Properties , a limited partnership
hereinafter collectively referred to as "Subdivider" and CfTY OF PALM SPRINGS , a
municipal corporation of the State of California, hereinafter referred to as "CITY" ;
WITNESSETH:
WHEREAS , Subdivider has prepared and filed a final subdivision map of Tract
No. 13792-3 in the City of Palm Springs , County of Riverside, for approval
by City; and
WHEREAS, as a condition precedent to the approval of said map by City, Sub-
divider is required to offer for dedication those parcels of land intended for
streets , highways and other public use, and also to construct and install or agree to
construct and install certain improvements; and
WHEREAS, Subdivider, by said map, has offered for dedication to City for public
use the streets and easements shown on said map; and
WHEREAS, City desires to accept the streets and easements shown on said map for
public use, and certain other such improvements; and
WHEREAS, as a condition precedent to the acceptance of the dedication of such
streets and easements by City, Subdivider is required to enter into an agreement with
the City to construct certain improvements ; and
WHEREAS , the total cost of such improvements has been estimated by the City
Engineer to be approximately $ 234,000.00 -------------------------;
NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows :
1 . Subdivider, at his sole cost and expense, shall construct and install the
street, drainage, domestic water, sanitary sewer and other improvements required to
be constructed or agreed to be constructed as a condition precedent to the
approval of said final map and acceptance of such streets and easements , as shown
on the "Improvement Plans for Tract No. 13792-3 " a copy of which is now on file
in the office of the City Engineer of the City and which is referred to and
.ncorporated herein as though set forth in full .
2. Subdivider shall furnish to City good and sufficient bonds executed by a
corporation authorized to transact surety business in the State of California on
forms approved by City, one bond in the sum of $234 OOO.DO ------ - to assure the
faithful performance of this Agreement, and one bond in the sum of) 117,000.00
to assure payment of the cost of the labor and materials for the improvements
required to be constructed or installed hereby.
Both of said bonds shall be deemed exonerated upon acceptance by the City of
the improvements , and the furnishing of a maintenance bond in the amount of
$ 35,00o.o0 --------- Said maintenance bond shall remain in effect for a period of
one year from date of acceptance of the improvements.
3. Before final approval of street improvements , the subdivider will place
survey monuments in accordance with the provisions of the State Subdivision Map
Act and the Subdivision Ordinance of the City of Palm Springs as shown on the Tract
Map.
The subdivider, after setting the monuments , shall furnish the City Engineer
Df the City of Palm Springs , written notice of the setting said monuments and
written proof of having paid the engineer or surveyor for the setting of said
monuments, or as provided for in the Subdivision Map Act.
Subdivision Improvement Agreement
Page 2
4. In accordance with the terms of said subdivision regulation aforesaid ,
the subdivider does hereby agree to furnish a good and sufficient bond in the
amount of 9,000.00 —_to guarantee payment of the cost of setting monuments
as stated in Item No. 3 of this agreement.
5. The City Engineer or his duly authorized representative, upon written
request of Subdivider, shall inspect the improvements herein agreed to he con-
structed and installed by Subdivider, and , if determined to be in accordance
with the applicable City standards, shall recommend the acceptance of such
improvements by the City.
6. Subdivider shall complete such improvement plans including any correc-
tions and revisions thereto necessary to comply with the applicable City
standards as determined by the City Engineer, within thirty (30) days after
approval of the final map.
7. Subdivider shall perform any changes or alterations in the construc-
tion and installation of such improvements required by City, provided that all
such changes or alterations do not exceed 10 percent of the original total
estimated cost of such improvements.
8. Subdivider shall guarantee such improvements for a period of one
year following the completion by Subdivider, and acceptance by City, against
any defective work or labor done, or defective materials furnished, in the
performance of this Subdivision Improvement Agreement by Subdivider and shall
repair or replace any such defective work or materials discovered during said
one year period.
9. Subdivider shall commence the construction and installation of Vouch
improvements within thirty (30) days from the approval of such "Improvement
Plans for Tract No. 13792-3 " by the City Engineer, and shall complete
such construction and installations within nine (9) months from such date of
commencement,
r
10. In the event that Subdivider fails to perform any obligation hereunder ,
Subdivider authorizes City to perform such obligation twenty '(20) days alter
mailing written Notice of Default to Subdivider at the address given below,
and agrees to pay the entire cost of such performance by City.
11 . In the event that Subdivider fails to perform any obligation hereunder,
Subdivider agrees to pay all costs and expenses incurred by City in securing
performance of such obligations, including costs of suit and reasonable attorney' s
fees.
12. Subdivider hereby hinds itself, its executors, rdministrators and
assigns, and agrees to indemnify, defend, and hold the City harmless from any
losses , claims, demands, actions or causes of action of any nature whatsoever,
arising out of or in any way connected with the improvements agreed to be
constructed and installed hereunder by the Subdivider, including costs of suit ,
and reasonable attorney' s fees.
Subdivision Improvement Agreement
Page 3
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.
SUBDIVIDER:
FALCON LAKE PROPERTfE, A Limited Partnership
By: FALCON LAKrEN,/T'l: RISESINC.
The General PaBy:
James J. Rothschild, Jr. Tice, President
By:
James Sim<lr�, Secretary
34567 Cathedral Canyon Drive
Address
Palm Springs, CA 92264
ATTEST: CITY OF PA0 SPRINGS, CALIFORNIA
deputy City Clerk City auger
REVIEWED & APPROVED t,Uyl ul
J `
ENG. EF' 5
8/76
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE ) Ss
On June 10 1980 )
personally appeared James'before me the undersi ned
J. Rothschil d J a Notary Public in and for said Slate,
known to me to be the Vice , r
known Co me to be the President,and James Si mk i n '
of Falcon Lake E �� Secretary
executed the within inatrum, In ., the Corporation that
the persons who executed the within ,own t m to 6,
half of said corporation, said corporation being known
to me to be the General Partner of Falcon Lake Proper-
ties, the partnership that executed the within instru, --,---
ment, and acknowledged to me that such corporahon '
executed the same as such partner and that such part- 4, "."y'rS�� PE
MAY
nership executed the same 'c>
NOTARY PUBLIC CALIfORNIA
WITNESS my hand and official seal �F. !'+
Principal Office in Rluersitle County �
(� My Commission Expires Sept. is,1981
Signature 7—: �_e_.�
-_ (This area for official notarial seal)
IN T H :
CURVE O.aTii L/N6 Da7-4
CHORD BRG. CHORD A R G T BEARING O/ST•
1 N09.43' LONE 48.83 9.09' 13' 306.00 4B.89 24.50 1 N 12'47 28 E 60.00 TRACT
2 N 09.43' 18'E 49.73 9.09' 13' -274.00 46.33 21.93 2 N L N 37'42'W 56.75 BEING A P O R
3 N09.43' L8•E 43.73 9.09' 13" 274.00 43.77 21.93 3 N10.30133•W 43.10
4 N62.19'37'E 37.17 96'03'25' '25.00 41.91 27.79 4 NL6.56' 02'E 56.75
5 922-02-47-E 29.63 72'4P 21' 25.00 31.72 18.39 5 N33.06'42•W 67.16 Tp W N S H I 1
6 N 60.24'47-W 26.46 4'02' 39' 375.00 26.47 13.24 6 N 11.37'42NW 56.75
7 N71.03' 51'W H2.53 17.15'29' 375.00 112.95 56.91 7 N16.56' 02-E 56.75
8 N69.02'31'W 138.62 21•i8'Q8' 375.00 L39.42 70.53 6 N22.05' 30-E 12.94
9 N69.02' 31'W L28.64 21.1& OB' 346.00 129.98 65.45 9 NLON 16' 25NE 27.00 \I\� r �� F, \I r_
LO N32.55' 52'W 36.43 93'31'27' 25.00 40.81 26.59 10 N10'LO' 25'E 27.00 --�� 1 l�)1\1!
11 N74•40- 06-W 70.41 10'02'54' 402.00 70.50 35.34 11 NO2.391 LONE 25.00
12 SOS-14' 31'W 69.93 11•LO'42' 359.00 70.04 35.13 12 NO2.39' LO'E 60.00
13 Sao-14. 31'W 73.05 11.10'42' 375.00 73.16 36.70 13 NO2.39' LONE 60.00
14 SOO'W 3L'W 76.16 11-W 42' 391.00 76.28 38.26 14 NO2.39110'E 25.00
15 SLS'19'25'E 28.98 27.5/' 10' 60.00 29.27 14.93 15 N14.17' 54'E 73.30
16 N11.19'25•W 28.98 27.57' LO' 60.00 29.27 14.93 16 N14.17' 54'E 30.63
17 N16'37'45'E 2B.90 27.57' 10' 60.00 29.27 14.93 17 N14.17'54•E 13.67
18 N16.37'45'E 28.98 27.57' LON 60.00 29.27 14.93 18 N84.51' 19'W(R) 32.00
19 N 11.19'25-W 28.98 27.57' 10' 60.00 29.27 14.93 19 N 31-36' 33'E1R) 54.00
20 S11.19'25-E 20.9B 27.57' LO• 60.00 29.27 14.93 20 N65'53'26'E 13.00
21 S16.37'45'W 28.98 27'57' 10' 60.00 29.27 14.93
22 N M 37'45'E 28.95 27'57' 10' 60.00 29.27 14.93
23 S08'14' 31'W 100.32 11'LO'42' 515.00 LOO.48 50.40
24 S16'37'45'W 28.90 27•57' LON 60.00 29.27 14.93
25 Si6.37'45•W 20.98 27.57' LON 60.00 29.27 14.23
26 N11•L9'25'W 28,9B 27.57' LON 60.00 29.27 14.93
27 Nil•19' 25'W 28.98 27.57' ION 60.00 29.27 14.93
28 NL6'37'45'E 28.98 27-57' SON 60.00 29.27 14.93
29 N16.37'45"E 28.98 27-57' LON 60.00 29.27 14.93
30 N11.19'25'W 28.98 27'57' !ON 60.00 29.27 14.93
31 S11.19'25'E 28.98 27.57110' 60.00 29.27 L4.93
32 S09.13'42'E 02.35 23.45-44' 200.00 82.95 42.08
33 S09'13'42'E 88.94 23'45'44' 2L6.00 89.58 45.44
34 SO9.13'42'E 95.53 23.45'44' 232.00 96.22 48.81
35 S39.49' 24-E 16.04 37.25-41' 25.00 16.33 8.47
36 N11.43' 58'E 27.12 65'41'03' 25.00 28.66 16.14
37 1V5704'08"E 34f.Z5 'W'?4193' 25 Oa 37.79 e3.51
30 M83'01'07"E 53.47 P9.306K'44" 43.00 012.47 34.13
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CITY OF PALM SPRINGS `
MAP
NO .
13792 - 3
* ION OF WEST ONE - HALF SECTION 28 ,
4 SOUTH , RANGE 5EAST , S.B. B. & M.
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- -- -- ---- ----- -- - - SURVEYORS NOTES
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�lJ
INSTRUMENT OF CREDIT
Faithful Performance
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government hereby
pledges that moneys to the extent of Two Hundred Thirty Four Thousand ----
-------------------------------- Dollars ($234,000.00 ) and on deposit
by Falcon Lake Properties , a limited partnership hereinafter referred
to as Improver, for the purpose of securing Improver's performance of all
the terms and conditions of that certain Agreement for Completion of Improve-
ment Work dated � � c;,;�:P I E i5'� by and between Improver and the
City of Palm Springs , a Municipal Corporation, an executed copy of which is
hereto attached and incorporated herein by reference and that said funds are
trust funds for the sole purpose of guaranteeing the payment thereof to the
City of Palm Springs or such portion thereof as said City may request for the
completion of the improvements set forth in said Agreement in event of default
by Improver.
The undersigned agrees that upon receipt of written notice of default
by Improver in Improver's performance of the terms and conditions of said
Agreement, signed by the Director of Community Development of said City, the
undersigned shall immediately pay said funds or such amount thereof as shall
be set forth in said notice, to the City of Palm Springs .
The undersigned further agrees that it shall hold said funds on
deposit as trust funds for the uses and purposes herein set forth or such amount
as may remain, until such time as it receives written notice signed by the
Director of Community Development of said City to the effect that said Agreement
has been fully performed and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to
the Instrument of Credit bearing the same date guaranteeing payment of labor
and materials under said Improvement Agreement by improver.
By execution and delivery of this Instrument to the City of Palm Springs,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth .
1 of 2 pages
By execution and delivery of this Instrument to the City of Palm Springs ,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set f rth
Dated at California, this day
of 19
By, L �
The undersigned, being the Improver referred to in the foregoing
Instrument of Credit, hereby agrees to all the terms and conditions therein
set forth and releases the financial institution executing said Instrument of
Credit from all liability except as therein specifically set forth .
Dated at %/asp+ w a California, this Zg�`� day
of 9 19 �®
Approved:
Z
, "�Fl f r T) )y_
Director of community Devjlopment
City of Palm Springs a
STATE OF CALIFORNIA
COUNTY OF Riverside ss.
On this 12th day of June
19 8r , before me, the undersigned, a Notary Public
in and for said State, personally appeared Scott W. Rl�lerbroek
Assistant Vice President , known to me to be the
Of UNITED CALIFORNIA BANK , the corporation that executed the
within instrument and known to me to be the person who executed the within instrument on behalf of the corpora-
tion therein named and acknowledged to me that such corporation executed the some, and acknowledged to me that
such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors.
WITNESS
/7/i and and officia seal.
SIGNATURES L-4' � *a�.�.�s 411 1.1uw
IGIPSiA_
NAME TYPEDSEAL Y
OR PRINTED Beverly Ann Smith
� . ?NIJ SMITHi
Notary PvbLc in and for sold State
':-r d
v1 � L ,..:f iN
LY _�
is-ns ive� S ihy CJBNP.irr'jdrl L 2"), Z30� A
INSTRUMENT OF CREDIT
jCabor an a erta
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government, hereby
pledges that moneys to the extent of One Hundred Seventeen Thousand ---------
------------------------------- Dollars ($117,000 ) are on deposit by Falcon
Lake Properties , a limited partnership , hereinafter referred to as Improver,
for the purpose of securing payment to the engineer, contractor, his sub-
contractors and to persons renting equipment or furnishing labor or materials
to them for the improvement provided for in that certain Agreement for
Completion of Improvement Work dated (its, _ , lr� " by and between
a
Improver and the City of Palm Springs, a Municipal Corporation, an executed copy
of which is hereto attached and incorporated herein by reference and that said
funds are trust funds for the sole purpose of guaranteeing the payment thereof
to the City of Palm Springs or such portion thereof as said City may request for
payment to the engineer, contractor, his subcontractors and to persons renting
equipment or furnishing labor or materials to them in construction of the improve-
ments set forth in said Agreement in event of default by Improver.
The undersigned agrees that upon receipt of written notice of default by
Imrpover in Improver's payment or payments as above set forth , signed by the
Director of Community Development of said City, the undersigned shall immediately
pay said funds or such amount thereof as shall be set forth in said notice, to
the City of Palm Springs .
The undersigned further agrees that it shall hold said funds on deposit
as trust funds for the uses and purposes herein set forth or such amount as may
remain, until such time as it receives written notice signed by the Director of
Community Development of said City to the effect that all said payments have been
made and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to the
Instrument of Credit bearing the same date securing the faithful performance of
said Agreement for Completion of Improvement Work by Improver.
1 of 2 pages
By execution and delivery of this Instrument to the City of Palm Springs ,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth. A
t
Dated at r ��yy _ California, this day
By
+ The undersigned, being the Improver referred to in the foregoing
Instrument of Credit, hereby agrees to all the terms and conditions therein
set forth and releases the financial institution executing said Instrument of
Credit from all liability except as therein specifically set forth .
Dated at ��- S California, this /1` day
r of 19 88
Approved:
a
r Y14/Yuri ° Yajl1y o 'A ' i1 3
Dir ctor of Community Development
Cit of Palm Springs
STATE OF CALIFORNIA 1
COUNTY OFi Riverside J} ss.
On this 12th day of June
in and for said State, personally appeared Scott W. Ellerbroek
19 0 before me, the undersigned, a Notary Public
Assistant Vice, president , known to me to be the
within instrument and known to me to Of be the personTED who executtedrIA the wiitthin instrument ona
abehalf of the executed
cor
lion therein named and ackn pora-
owledged to me that such corporation executed the same,
such corporation executed the within instrument pursuant to its by-laws or a resolution of its board and acknowledged directors to me that
of
WITNESS my nd and offe eal.
All
a ex t i,•.a .SIGNATURE_
NAME—TYPED SEAL e L� -
Beverl ='T Cf Ld /fJ:J L "
OR PRINTED -" ``s °" SMIT,g n Smith `,\ r: N07A,, yU;L;z. .^.n p 4
as p' aR1r,ic �,, - uruv;a
Notary Public m and for said Srale `''F�'I0E IN !
dMY R V `.g DC COON
is-nv u>a` �'*44a�aa�• ion 'xPires 111;Y 20, .10II0 j
•Fo.00sa�a,atiu�aa�i
INSTRUMENT OF CREDIT
(Survey Monument Security)
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government hereby
pledges that moneys to the extent of Nine Thousand-----------------------
m
_______________________________ Dollars ($ g,000.00 ) and on deposit
by Falcon Lake Properties , a limited partnership , hereinafter referred
to as Imrpover, for the purpose of securing payment of Engineer or Surveyor for
setting survey monuments in accordance with the terms and conditions of that
certain Agreement for Completion of Monumentation Work dated
by and between Improver and the City of Palm Springs, a Municipal Corporation,
an executed copy of which is hereto attached and incorporated herein by reference
and that said funds are trust funds for the sole purpose of guaranteeing the payment
thereof to the City of Palm Springs or such portion thereof as said City may request
for the completion of the Monumentation set forth in said Agreement in event of
default by Improver.
The undersigned agrees that upon receipt of written notice of default
by Improver in Improver's monumentation of the terms and conditions of said
Agreement, signed by the Director of Community Development of said City, the
undersigned shall immediately pay said funds or such amount thereof as shall be
set forth in said notice, to the City of Palm Springs.
The undersigned further agrees that it shall hold said funds on deposit
as trust funds for the uses and purposes herein set forth or such amount as may
remain, until such time as it receives written notice signed by the Director of
Community Development of said City to the effect that said Agreement has been
fully performed and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to the
Instrument of Credit bearing the same date guaranteeing payment, faithful per-
formance of labor and materials under said Improvment Agreement by Improver.
By execution and delivery of this Instrument to the City of Palm Springs,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth.
1 of 2 pages
Dated at vn / ✓ California , this / __day
of
BY_A/ �� `
The undersigned , being the Improver referred to in the foregoing Instrument
of Credit, hereby agrees to all the terms and conditions therein set forth and
releases the financial institution executing said Instrument of Credit from all
liability except as therein specifically set forth
Dated at ln' - �.yit� California, this �P� day
of 19
Approved:
Dir,'ctor of Community Delelopment
Cit, of Palm Springs
STATE OF CALIFORNIA
COUNTY OF Riverside ss.
On this 12th day of June gU
19_ , before me, the undersigned, a Notary Public
in and for said State, personally appeared Scott W. Eli erbroek
Assistant Vice President , known to me to be the
Of UNITED CALIFORNIA BANK , the corporation [hat executed the
within instrument and known to me to be the person who executed the within instrument on behalf of the corpora-
tion therein named and acknowledged to me that such corporation executed the same, and acknowledged to me that
such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors.
WITNESS my and and official se q/�
SIGNATURE �r// +@•@lOp4@w@•a@@ooP n,n.,c,.Y@@@P@,.
// `llJ1JJ tijih��.�. ♦ OFFICIAL SEAL @
(/ /•=s' SEAL • ="'�'t�3T9? C'_VERL.Y AfV[V SMITH
NAME—TYPED @ `� ecsu'rl" IVDu�,r;l LY A @
OR PRINTED. Beverly Ann Smith �' G`-"s`r �y/ Ca LIFORNIq
�^itilrSi PRINCIPAL OFFICE I Notary Public,nand for said Slate N♦ R14E^5'DE COUNTY •
♦ My Coalmission Expires Jul n
ic.n9 1113L �wwww w,yww@o.,�:,wlava , Y 20, 1,,80 @
.W..:.s.oww@♦a
INSTRUMENT OF CREDIT
(Maintenance of Improvement Security)
The undersigned, being a financial institution which is subject to regu-
lation by the State of California or, by the Federal Government hereby pledges
that moneys to the extent of Thirty Five Thousand ---------------------------
Dollars ($ 35,000 ) .and on deposit by Falcon Lake Properties, a limited partnership
hereinafter referred to as Improver, for the purpose of securing payment for
the maintenance of all improvements in accordance with the terms and conditions
of -that certain Agreement for Completion of Improvement Work dated ( c �¢
v
by and between Improver and the City of Palm Springs , a Municipal
Corporation, an executed copy of which is hereto attached and incorporated
herein by reference and that said funds are trust funds for the sole purpose of
guaranteeing the payment thereof to the City of Palm Springs or such portion
thereof as said City may request for the maintenance of said improvements set
forth in said Agreement in event of default by Improver.
The undersigned agrees that upon receipt of written notice of default by
Improver in Improver's maintenance of improvements in accordance with the terms
and conditions of said Agreement, signed by the Director of Community Develop-
ment of said City, the undersigned shall immediately pay said funds or such
amount thereof as shall be set forth in said notice, to the City of Palm Springs.
The undersigned further agrees that it shall hold said funds on deposit
as trust funds for the uses and purposes herein set forth or such amount as
may remain, until such time as it receives written notice signed by the
Director of Community Development of said City to the effect that said Agree-
ment has been fully performed and authorizing the release of said funds to the
depositor.
This Instrument of Credit is executed and delivered in addition to the
Instruments of Credit bearing the same date guaranteeing payment, faithful
performance of labor and materials , monumentation under said Improvement Agree-
ment by Improver.
By execution and delivery of this Instrument to the City of Palm Springs ,
the undersigned is relieved of any and all liability to Improver except as
herein specifically set forth.
i of 2 pages
Dated at ✓l2 ,��yi�ryf, California, this --day
of / 2�L�. 19By
,
The undersigned, being the Improver referred to in the foregoing Instru-
ment of Credit, hereby agrees to all the terms and conditions therein set forth
and releases the financial institution executing said Instrument of Credit from
all liability except as therein specifically set forth.
Dated at "I�w- California, this 1eq day
r'
of 1990
Approved:
���"� as�I
Dir:ctor of Community e,'elopment
Cite of Palm Springs
STATE OF CALIFORNIA
COUNTY OF Riverside ss.
On this 12th day of June
in and for said State, personal) a 1980 before me, the undersigned,
Assistant Vic=ntpeared Scott W. El�erbroek g own to me Notary public
— of UNITED CALIFORNIA BANK , the corporation that executed the
be the
xec
within instrument and known to me to be the person d the within
tion therein named and acknowledged to me that such orporat ont executed the sas d me, and acknowle on behalf of the corpora-
such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors.d to me that
andge
WITNESS mynd and official s
SIGNATURE—
NAME— / � � / ••♦6n
NTYPED SEAL •
OR PRwreo Beverly Ann Smith • T,, r._, °;F;aa
„ .'I" _JEAIN �F,L
• AfyPd SMITFI A
Nohary Pu6hc in and for smd • �� ' r Noi'ARr
$laha ;'UUL�C A
Vl R,lens ?,'Aar ° PRINCIPAL p CA,
♦ M R:vE,-s� IF iN