HomeMy WebLinkAbout02025 - BANK OF AMERICA SUBDIVISION TRACT 10527 Cindy Berardi
From: Carol Templeton
Sent: Thursday, September 30, 2010 5:32 PM
To: Cindy Berardi
Subject: RE:A2025 Bank of America SIA
Cindy,
I would assume that this can be closed out. We have no bond decrease letters stored in the
computer and all of the files are stored in archives (which cost$30 to get out of archive). I have
never heard of any problems associated with this project, so I would say close it out.
Have a good weekend.
Carol Templeton, Engineering Associate
City of Palm Springs Engineering Division
Direct (760) 323-8253 Ext. 8741
Fax (760) 322-8360 or 322-8325
Please note new email address:
Carol.templeton@paimspringsea.gov
http://www.gcode.us/codes/palmsprings/view.php
NOTE THAT CITY HALL OFFICE HOURS ARE MONDAY THROUGH
THURSDAY 8 AM TO 6 PM. THE PUBLIC ENGINEERING COUNTER IS
CLOSED MONDAY THROUGH THURSDAY 11 AM TO 2 PM.
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From: Cindy Berardi
Sent: Thursday, September 30, 2010 3:31 PM
To: Carol Templeton
Subject: A2025 Bank of America SIA
Can the attached be closed out?
<< File: A2025 Bank of America SIA.pdf»
Cindy F)crarJi
Lot #3
Tract 10527
Bank of America NT & SA - Sub-
div Impr Agr for Tract 10527,
CITY OF PALM SPRINGS LOT #3
SUBDIVISION IMPROVEMENT AGREEMENT AGREEMENT #2025 (Original)
signed by CM 1-18-84
This Subdivision Improvement Agreement ( "Agreement" ) is
made and entered into this day of 1983, by
and between Bank of America National Trust and Savings
Association ( "Bank" ) and the City of Palm Springs, County of
Riverside, State of California ( "City") .
RECITALS
WHEREAS, Canyon Heights Associates ( "Subdivider" ) prepared
and filed a Final Subdivision Map of Tract 10527 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, subdivider and City entered that certain
Subdivision Improvement Agreement (the "Original Agreement" )
dated March 8, 1979; and
WHEREAS, Subdivider constructed certain improvements
required by the Original Agreement; and
WHEREAS, on April 11, 1983, Bank acquired from the
subdivider title to four of the five dwelling units and all
site improvements, one ( 1) swimming pool, one ( 1) tennis court,
one (1) club house and landscaping located on Lot 1 of Tract
10527 ( "Lot 1" ) , and title to thirty-one (31) of the forty-five
(45) dwelling units located on Lot 2 of Tract 10527 ( "Lot 2" )
and all improvements located on Lot 3 of Tract 10527 ( "Lot 3" ) ;
and
Lot #3
WHEREAS, Bank is a national trust and savings association
not regularly engaged in the business of real property
construction and sales; and
WHEREAS, Bank desires to complete all buildings,
improvements, tennis courts and landscaping required by the
Original Agreement to be built on Lots 1 and 2 and to sell Lot
3 prior to completion of all buildings and other improvements
required by the Original Agreement to be constructed thereon;
and
WHEREAS, City desires to accept all buildings, improvements,
tennis courts and landscaping on Lots 1 and 2 and to ensure the
completion of all buildings and other improvements required by
the Original Agreement to be constructed on Lot 3 ; and
WHEREAS, the total cost of such improvements to be
constructed on Lot 3 has been estimated by the City of Engineer
to be approximately $124, 905;
NOW, THEREFORE, IT IS AGREED by and between Bank and City
as follows:
1. Commencing on or before the 180th day following the
date of this Agreement, Bank, at its sole cost and expense,
shall complete the construction and installation of the street,
drainage, domestic water, sanitary sewer and other improvements
required to be constructed on Lot 3 as a condition precedent to
the acceptance by the City of the streets and easements shown
2
0 Lot #3
on that certain "Improvement Plan for Tract 10527" , a copy of
which is on file in the office of the City Engineer (the
"Improvement Plan" ) . The Improvement Plan has been modified by
drawings titled "Tennis Courts and Parking Area" dated July 11,
1983, prepared by Ervin Engineering, accepted by City, and
attached hereto as Exhibit "A" . The Improvement Plan and
Exhibit A are incorporated herein by reference. The work
described in this Paragraph 1 shall be referred to hereafter as
the "Work" . Subject to the provisions of Paragraph 9, Bank
agrees to complete the Work on or before the date which is 365
days after the date of this Agreement.
2 . Upon completion by Bank of the Work to the reasonable
satisfaction of the City, City agrees to accept the Work and
release and exonorate all existing bonds securing the
performance thereof, including but not limited to any bonds
provided pursuant to the Original Agreement. Such release and
exonoration is expressly conditioned upon compliance by Bank
with the terms of Paragraph 3 .
3 . Upon acceptance of the Work, Bank 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 ( 1) bond in the sum of $124, 905 . 00 to
assure completion of the buildings and other improvements
required by the Original Agreement to be constructed on Lot 3,
and one ( 1) bond in the sum of $62, 450. 00 to assure payment of
3
a • Lot #3
the cost of labor and material therefor. Such bonds shall
remain in force for a period of one (1) year following the date
of acceptance of the buildings and other improvements on Lot 3,
to ensure against defects in workmanship or materials for one
(1) year after the date of acceptance.
4. The bonds referred to in Paragraph 3 hereof shall be
released and exonorated if Bank' s successor in interest in Lot
3 provides to City security for the performance of Bank' s
obligations pursuant to Paragraph 3 in a form reasonably
acceptable to City.
5. The City Engineer or his duly authorized representative,
upon written request of Bank or its successor in interest in
Lot 3, shall inspect the improvements herein agreed to be
constructed and installed, and, if determined to be in
accordance with the applicable City standards, shall recommend
the acceptance of such improvements by the City.
6. In the event that Bank fails to perform any of its
obligations hereunder prior to exoneration of the bonds
described in Paragraph 3, Bank agrees to pay all costs and
expenses incurred by City in securing or obtaining performance
of such obligations, including costs of suit and reasonable
attorneys' fees.
7. In the event that Bank fails to perform any of its
obligations hereunder, Bank authorizes City to perform such
obligation sixty (60) days after mailing written notice of
4
0 Lot #3
default to Bank at the address given below, provided Bank has
not, within such time period, commenced to cure such default.
Bank agrees to pay the entire cost of any such performance by
City.
8. Bank binds itself, its executors, administrators and
assigns, and agrees to indemnify, defend, and hold 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 constructed and installed by
Bank, including costs of suit and reasonable attorneys' fees.
9. Notwithstanding anything in Paragraph 1 to the contrary,
Bank shall not be obligated to complete the work within 365 days
from the date of this Agreement if it is unable to do so because
of any act of God, fire, flood, earthquake, strike, lockout,
war, civil disturbance or other cause beyond Bank' s control.
IN WITNESS WHEREOF, Bank and City have executed this
Agreement as of the date and year first above written.
Bank of America National Trust City of Palm Springs, California
and Savings Association Post Office Box 1786
CRE Subdivision Task Force #3361 Palm Springs, CA 92262
" Post Office Box 37000
San Francisco, California 94137
By % By,"
'- ' Ui�16111 ri:' hl +ca
Title �r > ,��r- f' Title Ul-Y MAR.k;EaR
By
Title
CORPORATE ACKNOWLEDGMENT
State of California
_.—
San Francisco
County of S'
On [his0?7 —`y ay of_�/_ :G >---.--- , in the year _1483 before one__1..Oretta-.-HCC17H-ndeZ._.___ ,
a Notary Public to and for the-_AlawAia-__._- County, personally appeared. John
fj personally known to me proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as Asst. Vice President
on behalf of the Corporation herein named and acknowledged to me that the Corporation executed it.
(SEAL)
ty h- and official seal
OFFICIAL SEAL C�
^ t IORETTA HERNANDCZ
, ,t NOTARY PUM"C•CALIF•ORMA C,,:V
^ A!A)AL`PA COUNTYAlameda°" My Comm, ex res APR Pubh + and for the_..___.—__—__ -..-- County and State.
19 .86_
P 169x 1e-82lne� I
0 0 Lot #3
EXECUTED IN 5- COUNTERPARTS
CITY OF PALM SPRINGS Bond N 448
FAITHFUL PERFORMANCE BOND Premiuum : $465 465 ,00/2 Yrs .
WHEREAS, the City Council of the City of Palm Springs,
State of California, and Bank of America National Trust and
Savings Association (hereinafter designated as "principal" )
have entered into an agreement whereby principal agrees to
install and complete certain designated public improvements,
which said agreement, dated IF , 19�, and identified
as project Tract 10527 Lot 3V is hqfeby 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.
SAFECO INSURANCE COMPANY
NOW, THEREFORE, we, the principal and OF AMERICA ,
as surety, are held, firmly bound unto the City of Palm Springs
hereinafter called ( "City" ) , in the penal sum of One Hundred
Twenty-four Thousand, Nine Hundred Five Dollars ($124, 905 . 00)
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 of Palm Springs, 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 the City in successfully enforcing
such obligation, all to be taxed as costs and included in any
judgment rendered.
The surety hereby stipulates and agrees that no change,
extension of time, alteration or addition to the terms of the
agreement or to the work to be performed thereunder or the
specifications accompanying the same shall in anywise affect
its obligations on this bond, and it does hereby waive notice
of any such change, extension of time, alteration or addition
to the terms of the agreement or to the work or to the
specifications.
IN WITNESS WHEREOF, this instrument has been duly executed
by the principal and surety above named, on OCTOBER 27 , 19 8.3
BANK OF AMERICA NT&SA
J/7 SAFECO INSURANCE COMPANY OF AMERICA
/0 Principal Surety
r
Atto ney-in-Fact
June L . Baioni
�447 Montgomery St . , San
Francisco , CA 94104
EXECUTED IN 5 COUNTERPARTS • Lot #3
CITY OF PALM SPRINGS Bond No . 4482590
LABOR AND MATERIALS BOND ( Premium is included in
Performance Bond )
WHEREAS, the City Council of the City of Palm Springs,
State of California, and Bank of America National Trust and
Savings Association (hereinafter designated as "principal" )
have entered into an agreement whereby principal agrees to
install and complete certain designated public improvements,
which said agreement, dated e , 19_�q, and identified
as project Tract 10527 Lot 3, is he by referred to and made a
part hereof; and
WHEREAS, under the terms of said agreement, principal is
required before entering upon the performance of the work, to
file a good and sufficient payment bond with the City of Palm
Springs 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, said principal and the undersigned as
corporate surety, are held firmly bound unto the City of Palm
Springs and all contractors, subcontractors, laborers,
materialmen and other persons employed in the performance of
the aforesaid agreement and referred to in the aforesaid Civil
Code in the sum of Sixty-two Thousand, Four Hundred Fifty
Dollars ($62,450. 00) , for materials furnished or labor thereon
of any kind, or for amounts due under the Unemployment
Insurance Act with respect to such work or labor, that said
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 the City in successfully enforcing
such 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.
The surety hereby stipulates and agrees that no change,
extension of time, alteration or addition to the terms of said
agreement or the specifications accompanying the same shall in
any manner affect its obligations on this bond, and its does
hereby waive notice of any such change, extension, alteration
or addition.
IN WITNESS wurprnv
1983 ,before me
State of California SS, On this the 27th day of October
County of San Francisco
the undersigned Notary public, personally appeared
June L. Baioni
d personally known to me evidence
❑ proved to me on the basis of satisfactory
to be the person(s) who executed the within instrument as Attorney-
in-Fact of the corporation therein named, and acknowledged to me
that the corporation executed it. WITNESS my hand and official
seal.
—
�G�' >n
Notary s Signature _
® POWER OF SAFECO INSURANCE COMPANY OF AMERICA
ATTORNEY GENERAL INSURANCE COMPANY OF AMERICA
HOME OFFICE: SAFECO PLAZA
SAFECD SEATTLE, WASHINGTON 98185
No 6099
KNOW ALL BY THESE PRESENTS:
That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each
a Washington corporation, does each hereby appoint
---------------JUNE L. BAIONI; MARGO GALEANO, San Francisco, California-------------
itstrue and lawful attorney(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings
and other documents of a similar character issued in the course of its business, and to bind the respective company thereby.
IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY
OF AMERICA have each executed and attested these presents
this Znd day of August 19 83
CERTIFICATE
Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA:
"Article V, Section 13. —FIDELITY AND SURETY BONDS . . . the President, any Vice President, the Secretary, and any
Assistant Vice President appointed for that purpose by the officer in charge of surety operations, shall each have authority
to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the
company fidelity and surety bonds and other documents of similar character issued by the company in the course of its
business... On any instrument making or evidencing such appointment,the signatures may be affixed by facsimile.On any
instrument conferring such authority or on any bond or undertaking of the company,the seal,or a facsimile thereof, may be
impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the
validity of any such instrument or undertaking."
Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970.
"On any certificate executed by the Secretary or an assistant secretary of the Company setting out,
(i) The provisions of Article V, Section 13 of the By-Laws, and
(ii) A copy of the power-of-attorney appointment, executed pursuant thereto, and
(iii) Certifying that said power-of-attorney appointment is in full force and effect,
the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof."
I, W.D. Hammersla, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE
COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of
Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and correct,and that both the
By-Laws, the Resolution and the Power of Attorney are still In full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation
this 27th day of October 19RI.
S-974 R9 9/81 PRINTED IN U SA
Lot #3
EXECUTED IN -5 COUNTERPARTS
BOND FOR FAITHFUL PERFORMANCE OF MONUMENTATION
(Subdivision Agreement) Bond No . 4482591
Premium ; $113 .0012 -Years
KNOW ALL MEN BY THESE PRESENTS:
That We, Bank of America National Trust and Savings
Association as Principal, and ¢AFFrn INS13R11NCE PANY GO
c o y rrrn rr—a-�I C A
as Surety, are held and firmly bound unto the CITY OF PALM
SPRINGS, STATE OF CALIFORNIA, in the sum of Thirty-one
Thousand, Seven Hundred Forty Dollars ($31, 740. 00) , lawful
money of the United States of America, for the payment of which
sum, well and truly to be made, we bind ourselves, our heirs,
executors and successors, jointly and severally, firmly by
these presents.
The condition of the foregoing obligation is such that
whereas said Principal has, or is about to enter into the
annexed agreement with the City of Palm Springs pursuant to the
provisions of the Subdivision Map Act of the State of
California and the Subdivision Ordinance of said City, for the
setting of survey monuments in accordance with the provision of
Sections 11566 and 11592 of the Subdivision Map Act and Article
963 of the Subdivision Ordinance of the City of Palm Springs
and as shown on the Tract Map, and
WHEREAS the Principal, after setting the monuments, agrees
to furnish the City Engineer of the City of Palm Springs
written notice of the setting of said monuments and written
proofs of having paid the Engineer or Surveyor for the setting
of said monuments, all in accordance with the requirements of
City' s Subdivision Ordinance .
NOW THEREFORE, if the said Principal shall well and truly
do and perform all the covenants and obligations of said
agreement on its part to be done and performed at the times and
in the manner specified therein, and shall make full payments
to all contractors, their subcontractors and to persons renting
equipment or furnishing labor or materials to them for the
improvement in the prosecution of the work provided for in said
agreement, then the above obligations shall be void and of no
effect; otherwise, it shall be and remain in full force and
effect.
And the said Surety, for value received, hereby stipulates
and agrees that no change, extension of time, alteration or
addition to the terms of the agreement or to the work or
improvements to be performed thereunder or to the plans or
specifications attached to said agreement shall in anywise
affect its obligations on this bond, and it does hereby waive
notice of any such change, extension of time, alteration or
additions to the terms of the agreement or to the work or
improvements or to the plans or specifications.
State of California SS, On this the ?7t-h day of October 19 83 before me
County of San Francisco the undersigned Notary Public, personally appeared
June L. Baioni
Ef personally known to me
❑ proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as Attorney-
- in-Fact of the corporation therein named, and acknowledged to me
that the corporation executed it. WITNESS my hand and official
seal.
Notary's Signature
® POWER OF SAFECO INSURANCE COMPANY OF AMERICA
ATTORNEY GENERAL INSURANCE COMPANY OF AMERICA
HOME OFFICE: SAFECO PLAZA
SAFECO SEATTLE, WASHINGTON 98185
No. 6099
KNOW ALL BY THESE PRESENTS:
That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each
a Washington corporation, does each hereby appoint
---------------JUNE L. BAIONI; MARGO GALEANO, San Francisco, California-------------
itstrue and lawful attorney(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings
and other documents of a similar character issued in the course of its business,and to bind the respective company thereby.
IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY
OF AMERICA have each executed and attested these presents
this Znd day of August 19 83 .
CERTIFICATE
Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA:
"Article V, Section 13. —FIDELITY AND SURETY BONDS . . . the President, any Vice President, the Secretary, and any
Assistant Vice President appointed for that purpose by the officer in charge of surety operations, shall each have authority
to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the
company fidelity and surety bonds and other documents of similar character issued by the company in the course of its
business...On any instrument making or evidencing such appointment,the signatures may be affixed by facsimile.On any
instrument conferring such authority or on any bond or undertaking of the company,the seal,or a facsimile thereof,may be
impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the
validity of any such instrument or undertaking."
Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970.
"On any certificate executed by the Secretary or an assistant secretary of the Company setting out,
(i) The provisions of Article V, Section 13 of the By-Laws, and
(ii) A copy of the power-of-attorney appointment, executed pursuant thereto, and
(iii) Certifying that said power-of-attorney appointment is in full force and effect,
the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof."
I, W.D. Hammersla, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE
COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of
Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and correct,and that both the
By-Laws, the Resolution and the Power of Attorney are still in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation
this 27th day of October 19 R1
5-974 R9 9/81 PRINTED IN U 5 A
MEMORANDUM
Date: April 17, 1997
To: Trisha Sanders, Assistant Clerk "`=
From: David J. Barakian, City Engineer,
Su bject: Release of Bonds for TR 10527
Staff inspected the above site on April 17, 1997 and found that the
streets have not been constructed on Lot 3 to date. Desert Water
Agency was also contacted and they conformed that the water mains
have not been installed to date.
For the above reasons, the bonds can not be released. At such time
as the remaining improvements have been constructed and approved,
the City will review the release of the remaining bonds .
/ OF PALxj sp
N Ci.ty of Palm Springs
C`. A1, 1 PORN [ A
C9t/fORt��P
P.O. Box 1786, Palm Springs , California 92263 (714) 323-8253
DEPARTMENT OF COMMUNITY DEVELOPMENT - ENGINEERING DIVISION
.NOTICE OF ACCEPTANCE
FOR [JPUBLIC AND/OR 0 PRIVATE IMPROVEMENTS
TO: BANK OF AMERICA N.T. & S.A. ACCEPTANCE DATE: August 15, 1988
Box 6408 0 PROJECT: Tract 10527
Orange, CA 92613-6408 CANYON HEIGHTS
Agreement No. 1488 -
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 Approac es 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 Ea . Survey Monuments Ea.
The City accepts all buildings, improvements, tennis courts and landscaping on
Lots 1 & 2
Location : 2901 So. Palm Canyon
C.P.S. Drawing No s .---XA Permit No. N/A
Contractor(s) actually doing work_ N/A
Notify your bonding corgpany/bank to release the following bands:
No. 4482580 in the amount of $ 118,865.00 Performance
No. 4482580 in the amount of $ ,43 0 abor & Materials
No. in the amount of $ Monuments
No. 4482580-A in the amount of $ 69,755.00 Maintenance Security
Construction bond in the amount of for.,
Engineer_Ervin Engineering BondMEngineering
Safeco Ins. Co. of America
etain the followiny b all work has .been approved
or 124.9? n5.0� P rfo62,450 (Labor and Material )
740 00 (Survey Monume City is also holding thi_p they mount of $k5; er e-original greement #1488
C c s �i -, App /rvr_ctor 6ert l-� eFbhh r
Approved by---- av L�9 , gineering Manager
Jo M'ngio
Di . of Community Dement
Distribution : Original to Addressee; Copies to City Clerk, Engineering File,
Chief P.W. Inspector, Building, General Operations
Index No. 8820
*dated 3-8-79, until all monuments have.; been accepted by the ,City.
MEMORANDUM
DATE : February 17, 1984
TO : Engineering -
FROM : City Clerk
SUBJECT : Tract 10527
Please confirm whether the bond for monumentation submitted with the
original agreement with Canyon Heights Associates has been exonerated,
and where that is documented. It appears there may, at least technically,
be two bonds for monumentation for this tract - one for BoA, its #4482591
(Safeco) and the other for Canyon, its #9SM551591 (American Motorists Ins.
Co. )
JUDITH SUMICH
City Clerk
CITY OF PALM SPRINGS