HomeMy WebLinkAboutA3771 - SOUTHLAND GROUP RACQUET CLUB PROPERTIES GRADING AGR R 18983 The Southland Group
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AGREEMENT #3771
Res 18983, 2-19-97
GRADING AGREEMENT
by and between
CITY OF PALM SPRINGS
and
THE SOUTHLAND GROUP
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Grading Agreement
TABLE OF CONTENTS
1 . Construction Obligations.................................................... 1
1 .1 Grading Obligations.................................................. 1
1 .2 Other Obligations Referenced in Conditions of Tentative
MapApproval....................................................... .. 1
1 .3 Intent of Plans......................................................... 2
1 .4 Performance of Work................................................ 2
1 .5 Changes in the Work............................................. ... 2
1 .6 Defective Work..................................................... ... 2
1 .7 No Warranty by City................................................. 3
1 .8 Authority of the City Engineer.................................... 3
1 .9 Documents Available at the Site................................. 3
1 .10 Inspection................................................................ 3
1 .11 Compliance with Law................................................ 3
1 .12 Suspension of Work.................................................. 4
1 .13 Final Acceptance of Grading....................................... 4
2. Time for Performance.......................................................... 4
2.1 Commencement and Completion Dates......................... 4
2.2 Phasing Requirements................................................. 4
2.3 Force Majeure............................................................ 5
2.4 Continuous Work....................................................... 5
2.5 Reversion to Acreage.................................................. 5
2.6 Time of the Essence................................................... 5
3. Labor.................................................................................. 5
3.1 Labor Standards......................................................... 5
3.2 Nondiscrimination....................................................... 6
3.3 Licensed Contractors.................................................. 6
3.4 Workers' Compensation.............................................. 6
4. Security.............................................................................. 6
4.1 Required Security........................................................ 6
4.2 Form of Security Instruments........................................ 6
4.3 Subdivider's Liability.................................................... 8
4.4 Letters of Credit.......................................................... 8
4.5 Release of Security Instruments.................................... 9
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Grading Agreement
5. Cost of Construction and Provision of Inspection Service........... 9
5.1 Subdivider Responsible for All Related Costs of
Construction............................................................... 9
5.2 Payment to City for Cost of Related Inspection
and Engineering Services.............................................. 9
6. Default................................................................................. 10
6.1 Remedies Not Exclusive................................................ 10
6.2 City Right to Perform Work........................................... 10
6.3 Attorney's Fees and Costs............................................ 10
7. Indemnity............................................................................. 10
8 General Provisions................................................................. 11
8.1 Successors and Assigns................................................. 11
8.2 No Third Party Beneficiaries........................................... 11
8.3 Entire Agreement; Waivers and Amendments................... 11
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Grading Agreement
GRADING AGREEMENT
THIS GRADING AGREEMENT (this "Agreement") is entered into this l9lay of,
�)-lb IV&f4 1992, by and between the CITY OF PALM SPRINGS, a municipal
corporatioh of the State of California ("CITY"), and The Southland Group
("Subdivider").
RECITALS
A. Subdivider is the owner of, and has obtained approval of a subdivision
map for Tract No. 26364 in the City of Palm Springs, County of Riverside, State of
California (the "Property"). The map contains conditions of approval for the
development of the Property (the "Conditions").
B. Pursuant to the Conditions, Subdivider has delivered to City and City has
approved the grading plan(s) which grading is required to be done in order to
accommodate the development of the Property.
C. Subdivider's agreement to grade the Property pursuant to this
Agreement are a material consideration to City in permitting grading of the Property to
proceed.
COVENANTS
Based upon the foregoing Recitals which are incorporated herein by reference
and in consideration of City's approving the Grading Plan(s) for the Property and
permitting grading of the Property to proceed, Subdivider agrees to timely perform all
of its obligations as set forth herein.
1 . Grading Obligations.
1 .1 Grading. Subdivider agrees, at its sole cost and expense, to grade
the Property in accordance with the "Grading Plan(s)", as the same may be
supplemented and revised from time to time as set forth herein (said plans,
together with all related documents, are referred to herein as the "Plans"). The
estimated construction cost for the Grading is $69,071 .15.
1 .2 Other Obligations Referenced in Conditions of Tentative Map
Approval. In addition to the foregoing, Subdivider shall satisfy all of the
Conditions pertaining to the Grading of the Property. The conditions of approval
which have not been satisfied prior to the date of this Agreement are identified
on Exhibit "A" hereto.
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Grading Agreement
1 .3 Intent of Plans. The intent of the Plans referenced in Section 1 .1
is to prescribe a complete work of grading which Subdivider shall perform or
cause to be performed in a manner acceptable to the City Engineer (or his/her
designee) and in full compliance with all codes and the terms of this
Agreement. Subdivider shall complete a functional or operable improvement or
facility, even though the Plans may not specifically call out all items of work
required for the contractor to complete its tasks, incidental appurtenances,
materials, and the like. If any omissions are made or information necessary to
carry out the full intent and meaning of the Plans, Subdivider or its contractor
shall immediately notify its design engineer who will seek approval of the City
Engineer for furnishing of detailed instructions. In the event of any doubt or
question arising regarding the true meaning of any of the Plans, reference shall
be made to the City Engineer whose decision thereon shall be final.
Subdivider recognizes that the Plans consist of general drawings. All
authorized alterations affecting the requirements and information given on the
Plans shall be in writing and approved by the City Engineer. The Plans shall be
supplemented by such working or shop drawings as are necessary to
adequately control the work. Without the City Engineer's prior written approval,
no change shall be made by Subdivider or Subdivider's contractor to any plan,
specification, or working or shop drawing after it has been stamped as
approved.
1 .4 Performance of Work. Subdivider shall furnish or cause to be
furnished all materials, labor, tools, equipment, utilities, transportation, and
incidentals required to perform Subdivider's obligations under this Agreement.
1 .5 Changes in the Work. The City Engineer, without invalidating this
Agreement and without notification to any of the sureties or financial
institutions referenced in Paragraph 4, may order extra work or may make
changes by altering or deleting any portion of the Grading as specified herein or
as deemed necessary or desirable by the City Engineer as determined necessary
to accomplish the purposes of this Agreement and to protect the public health,
safety, or welfare. The City Engineer shall notify Subdivider or Subdivider's
contractor in writing (by Correction Notice) at the time a determination has
been made to require changes in the work. No field changes performed or
proposed by Subdivider or its contractor shall be binding on City unless
approved in writing by the City Engineer.
1 .6 Defective Work. Subdivider shall cause its contractor to repair,
reconstruct, replace, or otherwise make acceptable any work found by the City
Engineer to be defective. I 1
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1 .7 No Warranty by City. The Plans for the Grading have been
prepared by or on behalf of Subdivider or its consultants or contractors, and
City makes no representation or warranty, express or implied, to Subdivider or
to any other person regarding the adequacy of the Plans or related documents.
1 .8 Authority of the City Engineer. In addition to the authority granted
to the City Engineer elsewhere in this Agreement, the City Engineer shall have
the authority to decide all questions which may arise as to the quality and
acceptability of materials furnished and work performed, and all questions as to
the satisfactory and acceptable fulfillment of the terms of this Agreement by
Subdivider and Subdivider's contractor.
1 .9 Documents Available at the Site. Subdivider shall cause its
contractor to keep a copy of all approved Plans at the job site and shall give
access thereto to the City's inspectors and engineers at all times.
1 .10 Inspection. Subdivider shall have an authorized representative on
the job site at all times during which work is being done who has full authority
to act for Subdivider, or its design engineer, and Subdivider's contractor(s)
regarding the Grading. Subdivider shall cause its contractor to furnish the City
with every reasonable facility for ascertaining whether or not the Grading as
performed is in accordance with the requirements and intent of this Agreement,
including the Plans. If the City inspector requests it, the contractor at any time
before acceptance of the Grading shall remove or uncover such portions of the
finished work as may be directed which have not previously been inspected.
After examination, the contractor shall restore said portions of the work to the
standards required hereunder. Inspection or supervision by the City shall not be
considered as direct control of the individual workmen on the job site. City's
inspector shall have the authority to stop any and all work not in accordance
with the requirements contained or referenced in this Agreement.
The inspection of the work by City shall not relieve Subdivider or the
contractor of any obligations to fulfill this Agreement as herein provided, and
unsuitable materials or work may be rejected notwithstanding that such
materials or work may have been previously overlooked or accepted.
1 .11 Compliance With Law. In addition to the express provisions of
this Agreement and the Plans, Subdivider shall cause the Grading to be
completed in accordance with all other applicable federal, state, and local laws,
ordinances, rules and regulations.
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Grading Agreement
1 .12 Suspension of Work. City Engineer shall have authority to order
suspension of the work for failure of contractor to comply with law pursuant to
Section 1 .11 . In case of suspension of work for any cause whatever,
Subdivider and its contractor shall be responsible for all materials and shall store
them properly if necessary and shall provide suitable drainage and erect
temporary structures where necessary.
1 .13 Final Acceptance of Grading. After Subdivider's contractor has
completed all of the Grading, Subdivider shall then request a final inspection of
the work. It items are found by the inspector to be incomplete or not in
compliance with this Agreement or any of the requirements contained or
referenced herein, City will inform the contractor of such items. After the
contractor has completed these items, the procedure shall then be the same as
specified above for the contractor's initial request for final inspection. If items
are found by City's inspector to be incomplete or not in compliance after two
(2) "final" inspections, City may require the contractor, as a condition to
performing further field inspections, to submit in writing a detailed statement of
the work performed subsequent to the date of the previous inspection which
was found to be incomplete or not in compliance at that time.
No inspection or acceptance pertaining to specific parts of the Grading
shall be construed as final acceptance of any part until the overall final
acceptance by City is made. Final acceptance shall not constitute a waiver by
City of defective work subsequently discovered.
2. Time for Performance.
2.1 Commencement and Completion Dates. Subject to Section 2.2 and
2.3 below, Subdivider shall (ill commence with the Grading on or before thirty
(30) days following City's approval of the Plans ("Commencement Date"); and
(ii) complete or cause to be completed all of the Grading no later than six (6)
months after the Commencement Date.
2.2 Phasing Requirements. Notwithstanding the provisions of Section
2.1 , City reserves the right to control and regulate the phasing of completion of
specific Grading as required to comply with applicable City ordinances,
regulations, and rules relating to the timely provision of public services and
facilities. In addition to whatever other remedies City may have for Subdivider's
failure to satisfy such phasing requirements, as the same now exist or may be
amended from time to time. Subdivider acknowledges City's right to withhold
the issuance of further buiUng permits on the Property until such phasing
requirements are satisfies. Prior to issuance of building permits, Subdivider shall
provide satisfactory evidence that all applicable requirements that are a
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Grading Agreement
condition to issuance of building permits have been satisfied. Such
requirements may include the payment of fees.
2.3 Force Majeure. Notwithstanding the provisions of Section 2.1,
Subdivider's time for commencement and completion of the Grading shall be
extended for the period of any enforced delay caused due to circumstances
beyond the control and without the fault of Subdivider, including to the extent
applicable adverse weather conditions, flood, earthquakes, strikers, lockouts,
acts or failures to act of a public agency (including City), required changes to
the Scope of Work required by City, and similar causes; provided, however,
that the period of any enforced delay hereunder shall not include any period
longer than five (5) days prior to City's receipt of a written notice from
Subdivider or its Contractor detailing the grounds for Subdivider;'s claim to a
right to extend its time for performance hereunder. City Engineer shall evaluate
all claims to Force Majeure and his decision shall be final.
2.4 Continuous Work. After commencement of the Grading (or
separate portion thereof), Subdivider shall cause such work to be diligently
pursued to completion, and shall not abandon the work for a consecutive
period or more than thirty (30) days, events of Force Majeure excepted.
2.5 Reversion to Original Condition. In addition to whatever other rights
City may have due to Subdivider's failure to timely perform its obligations
hereunder, Subdivider recognizes that City reserves the right to revert the
Property to original condition subject to the limitations and requirements set
forth in California Government Code Sections 66499.11-66499.20-3/4. In this
regard, Subdivider agrees that if the Grading has not been completed on or
before the later of two (2) years from the date of this Agreement or within the
time allowed herein, whichever is the later, and if City thereafter initiates
proceedings to revert the Property to original condition, pursuant to
Government Code Section 66499.16 Subdivider hereby consents to reversion
and agrees that Grading made by or on behalf of Subdivider shall not be
considered in determining City's authority to revert the Property to original
condition.
2.6 Time of the Essence. Time is of the essence of Subdivider;s
performance of all of its obligations under this Agreement,
3. Labor.
3.1 Labor Standards. Subdivider shall be responsible for causing all
contractors and subcontractors performing any of the Grading to comply with
all applicable federal and state labor standards, including to the extent
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applicable the prevailing wage requirements promulgated by the Director of
Industrial Relations of the State of California Department of Labor.
3.2 Nondiscrimination. Subdivider agrees that no contractor or
subcontractor performing any of the Grading shall discriminate against any
employee or prospective employee with respect to such work in hiring,
promotion, seniority, or any other terms and conditions of employment on the
grounds of race, creed, color, national origin, ancestry, religion, sex, or marital
status.
3.3 Licensed Contractors. Subdivider shall cause all of the Grading to
be constructed by contractors and subcontractors with valid California
Contractors' licenses for the type of work being performed.
3.4 Worker's Compensation. Subdivider shall cause every contractor
and subcontractor performing any of the Grading to carry Workers'
Compensation Insurance as required by the Labor Code of the State of
California and shall cause each such contractor and subcontractor to submit to
City a Certificate of Insurance: verifying such coverage prior to such contractor
or subcontractor entering onto the job site.
4. Security.
4.1 Required Security.
(a) At the time Subdivider executes this Agreement, Subdivider
shall furnish to City the following bonds, letters of credit, instruments of
credit (assignment of deposit account) or other security acceptable to
City in its sole and absolute discretion and satisfying the requirements of
the applicable provisions of this Section 4 below (hereinafter "Security
Instruments"):
(i) A Security Instrument securing Subdivider's faithful
performance of all of the Grading ("Faithful Performance Security
Instrument"), in the amount of 25% of the estimated construction
costs listed in Section 1 .1 .
This Agreement shall not be effective for any purpose until such
Security Instruments are supplied to and approved by City in accordance
herewith.
4.2 Form of Security Instruments. All Security Instruments shall be in
the amounts required under Section 4.1 (a), as applicable, shall meet the
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following minimum requirements and otherwise shall be in a form provided by
City or otherwise approved by the City Attorney:
(a) Bonds. For Security Instruments provided in the form of
bonds, any such bond must be issued and executed by an insurance
company or bank authorized to transact surety business in the State of
California. Any insurance company acting as surety shall have a
minimum rating of A-IX, as rated by the current edition of Best's Key
Rating Guide published by A.M. Best's Company, Oldwick, New Jersey,
08858. Any bank acting as surety shall have a minimum rating of AA, as
rated by Moody's or Standard & Poor's.
(b) Letters of Credit. For Security Instruments which are letters
of credit, any letter of credit shall be an original separate unconditional,
Irrevocable, negotiable and transferable commercial letter of credit issued
by a financial institution with offices in the State of California acceptable
to City. Any such letter of credit shall specifically permit City to draw on
same by unilateral certification of the Director of Transportation of the
City that Subdivider is in default under its payment or performance
obligations hereunder or in the event Subdivider fails to deliver a
replacement letter of credit not less than thirty (30) days prior to the date
of expiration of any such letter of credit and shall further be subject to
the provisions of Section 4.4.
(c) Instrument of Credit. For Security Instruments which are
Instruments of Credit, any Instrument of Credit shall be an assignment of
deposit account assigning as security to City all of Subdivider's interest
in funds on deposit in one or more bank accounts with financial
institutions acceptable to City.
(d) General Requirements for all Security Instruments.
(i) Payments under any Security Instruments shall be
required to be made (and, with respect to bonds, litigation shall be
required to be instituted and maintained) in the City of Palm
Springs, State of California (and the Security Instrument shall so
provide).
(ii) Each Security Instrument shall have a minimum term of
one (1) year after the deadline for Subdivider's completing the
Grading, in accordance with Section 2.1 (other than Instruments
of Credit, which shall have no defined term or expiration date).
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(iii) Each Security Instrument shall provide that changes
may be made in the Grading pursuant to the terms of this
Agreement without notice to any issuer or surety and without
affecting the obligations under such Security Instrument.
4.3 Subdivider's Liability. While no action of Subdivider shall be
required in order for City to realize on its security under any Security
Instrument, Subdivider agrees to cooperate with City to facilitate City's
realization under any Security Instrument, and to take no action to prevent City
from such realization of any Security Instrument. Notwithstanding the giving of
any Security Instrument or the subsequent expiration of any Security
Instrument or any failure by any surety or financial institution to perform its
obligations with respect thereto, Subdivider shall be personally liable for
performance under this Agreement and for payment of the cost of the labor and
materials for the Grading improvements required to be done hereby and shall,
within ten (10) days after written demand therefor, deliver to City such
substitute security as City shall require satisfying the requirements in this
Section 4.
4.4 Letters of Credit.
(a) In the event a letter of credit is given pursuant to Section
4.2(b), City shall be entitled to draw on any such letter of credit if a
replacement letter of credit (expiring in not less than one (1) year, unless
City agrees to a lesser term in City's sole and absolute discretion) is not
delivered not less than thirty (30) days prior to the expiration of the
original letter of credit, such substitute letter of credit being in the same
amount and having the terms and conditions as the initial letter of credit
delivered hereunder, issued by a financial institution acceptable to City as
of the date of delivery of the replacement letter of credit.
(b) In the event of draw by the City on a letter of credit, the City
may elect, in its sole and absolute discretion, to apply any such funds
drawn to the obligations secured by such letter of credit or to hold such
funds in an account under the control of the City, with no interest
accruing thereon for the benefit of the Subdivider. If the City elects to
hold the funds in an account pursuant to the foregoing, City may
thereafter at any time elect instead to apply such funds as provided in
the foregoing. Subdivider agrees and hereby grants City a security
interest in such account to the extent required for City to realize on its
interests therein and agrees to execute and deliver to City any other
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documents requested by City in order to evidence the creation and
perfection of City's security interest in such account.
4.5 Release of Security Instruments.
(a) City shall release the Faithful Performance Security
Instrument when all of the following have occurred:
(i) Subdivider has made written request for release and
provided evidence of satisfaction of all other requirements in this
Section 4.5;
(ii) the Grading has been completed and approved to the
satisfaction of the City;
5. Cost of Grading and Provision of Inspection Service.
5.1 Subdivider Responsible for All Costs of Gradinnc . Subdivider shall
be responsible for payment of all costs incurred for construction and installation
of the Grading In the event Subdivider is entitled to reimbursement from City for
any of the Grading, such reimbursement shall be subject to a separate
Reimbursement Agreement to be entered into between Subdivider and City
prior to construction of the works.
5.2 Payment to City for Cost of Related Inspection and Engineering
Services. Subdivider shall compensate City for all of City's costs reasonably
incurred in having its authorized representative make the usual and customary
inspections of the Grading. In addition, Subdivider shall compensate City for all
design, plan check, evaluating any proposed or agreed-upon changes in the
work. The procedures for deposit and payment of such fees shall be as
established by the City Council. In no event shall Subdivider be entitled to
additional inspections or a final inspection and acceptance of any of the
Grading until all City fees and charges have been fully paid, including without
limitation, charges for applicable penalties and additional required inspections.
6. Default.
6.1 Remedies Not Exclusive. In any case where this Agreement
provides a specific remedy to City for a default by Subdivider hereunder, such
remedy shall be in addition to, and not exclusive of, City's right to pursue any
other administrative, legal, or equitable remedy to which it may by entitled.'
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Grading Agreement
6.2 CitV Right to Perform Work. In addition to whatever other rights
or rernedies it may have for Subdivider's default hereunder, in the event
Subdivider shall fail to timely perform any work required to be performed under
this Agreement and such failure shall continue for a period of twenty (20) days
after receipt of written notice of default from City, or thereafter Subdivider shall
fail to diligently and continuously pursue the cure of any such default to
completion, City shall have the right to enter into the Property and perform any
of the uncompleted work by force account or contract or both and thereupon
recover from Subdivider or any Security Instrument, or both, the full cost and
expense thereby incurred by City.
6.3 Attorney's Fees and Costs. In the event that Subdivider fails to
perform any obligation under this Agreement, 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. In the event of any
dispute arising out of Subdivider's performance of its obligations under this
Agreement or under any of the Security Instruments referenced herein, the
prevailing party in such action, in addition to any other relief which may be
granted, shall be entitled to recover its reasonable attorney's fees and costs.
Such attorney's fees and cost shall include fees and costs on any appeal, and
in addition a party entitled to attorney's fees and costs shall be entitled to all
other reasonable costs incurred in investigating such action, taking depositions
and discovery, retaining expert witnesses, and all other necessary and related
costs with respect to the litigation. All such fees and costs shall be deemed to
have accrued on commencement of the action and shall be enforceable
whether or not the action is prosecuted to judgement.
7. Indemnity. Subdivider agrees to indemnify, defend, and hold harmless City
and City's officers, employees, and agents from and against any and all claims,
liabilities, losses, damages, causes of action, and obligations arising out of
Subdivider's failure to perform the Grading in accordance with the requirements
contained or referenced in this Agreement. Said indemnity obligation shall apply to
personal injury, death, property damage, economic loss, and any other monetary
damage or penalty to which City may be subjected, including without limitation,
attorney's fees and costs and the costs of realizing on any Security Instrument
provided by Subdivider pursuant to the terms hereof. Such indemnity obligation shall
not extend to any loss resulting from City's sole negligence or wilful misconduct.
8. General Provisions.
8A Successors and Assigns. This Agreement shall be binding upon all
successors and assigns to Subdivider's right, title, and interest in and to the
Property and any portion thereof.
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Grading Agreement
8.2 No Third Party Beneficiaries. This Agreement is intended to
benefit only the parties hereto and their respective successors and assigns.
Neither City nor Subdivider intend to create any third party beneficiary rights in
this Agreement in any contractor, subcontractor, member of the general public,
or other person or entity.
8.3 Entire Agreement; Waivers and Amendments. This Agreement
integrates all of the terms and conditions mentioned herein, or incidental hereto,
and supersedes all negotiations and previous agreements between the parties
with respect to all or part of the subject matter hereof, except as may be
expressly provided herein. All waivers of the provisions of this Agreement must
be in writing and signed by an authorized representative of the party to be
charged, and all amendments hereto must be in writing and signed by the
appropriate representatives of both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Subdivision
Improvement Agreement as of the date first above written.
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Grading Agreement
/ / CITY OF S, CALIFORNIA
DATED: c( "I ( �7 7 By:
\ City Man'�9
\k "City"
ATTEST:
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C'ty-Clerk
APPROVED AS TO FORM:
a
City Attorne-y�
Dated: I— 3/-9 7 jriE c 07W6-Iq lO c_wzOU10
By —�
Its:
"Subdivider"
Address
J,,??RoVFD BY Tup CITY COUNCIL
V RES- Neap
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Grading Agreement 11 A i 6
EXHIBIT "A" 1
CONDITIONS OF TENTATIVE MAP APPROVAL APPLICABLE TO PROJECT
GRADING
43. Submit cut and fill quantities to City Engineer to determine if a Grading Plan is
required. If required, the Grading Plan shall be prepared by a Registered
Professional and submitted to the Engineering Division for plan check. Grading plan
shall be submitted to the Planning Department for comments prior to submittal to
the Engineering Division. The Grading Plan shall be approved by the City Engineer
prior to issuance of any grading or building permits.
Minimum submittal includes the following:
A. Copy of final Planning Department comments.
B. Copy of signed Conditions of Approval from Planning Department.
C. Copy of Site Plan stamped approved and signed by the Planning
Department.
D. Copy of Title Report prepared/updated within past 3 months.
E. Copy of Soils Report, IF required by these conditions.
F. Copy of Hydrology Study/Report, IF required by these conditions.
G. Copy of the General Construction Activity Stonn Water Permit from the
State Water Resources Control Board (Phone No. 916 657-0687) to the City
Engineer prior to issuance of the grading permit.
45. Developer shall obtain a General Construction Activity Storm Water Permit from
the State Water Resources Control Board (Phone No. (916)-657-0687) and provide
a copy of same, when executed, to the City Engineer prior to issuance of the
grading pen-nit.
46. In accordance with City of Palm Springs Municipal Code, Section 8.50.00, the
developer shall post with the City a cash bond of two thousand dollars ($2,000.00)
per acre for mitigation measures of erosion/blowsand relating to his property and
development.
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CITY 01- ow SPRINGS, CALIFORNIA
DEPARTMENT OF FINANCE , 7
(619)323.8229
TREASURER'S RECEIPT
DATE 1/31/97 AMOUNT 17,267.80
THE SOUTHLAND GROUP
RECEIVED FROM:
0 to w
H F
DISTRIBUTION � Lou
F-
IN PAYMENT OF -- ACCOUNT AMOUNT <uJ
J
GRADING SECURITY TR26364 562-241 17,267.80 en F
$ Un z 2
J
SECURITY WILL BE REFUNDED PER z 75 Q
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F �n-0
AGREEMENT g z
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5 wo
q o ai
i(�I JAN 3 1 1991 z z
TOTAL $ 17,267.80
RECEIVED BY: -