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HomeMy WebLinkAboutT-5010 - Agreement/Covenant - 3/2/2005 (2) 5 v City Of CImEm-d+\■ PUBLIC WORKS DEPARTMENT 2600 Fresno Street Fresno, California 93721-3616 (559) 621-8650 P.W. File No. 10534 SUBDIVISION AGREEMENT FOR TRACT NO. 5010 A PLANNED UNIT DEVELOPMENT ;5 Subdivision Agreement Tract No. 5010 Page 2 THIS AGREEMENT is made this 2��'day of ,2004, by and between the City of Fresno, a Municipal Corporation, hereinafter designated and called the"City,"and COPPER RIDGE ESTATES,LLC,a California Limited Liability Company,466 West Fallbrook Avenue Suite 110, Fresno, CA 93711, hereinafter designated and called the "Subdivider,"without regard for number or Gender. RECITALS A. The Subdivider has presented to the City a certain final map of a proposed subdivision of land owned by the Subdivider and located within the corporate limits of the City known and described as Tract No. 5010 (hereinafter referred to as the "Final Map" and incorporated into this agreement by this reference) and has requested the City to accept the dedications delineated and shown on the Final Map for the use and purposes specified thereon, and to otherwise approve the Final Map in order that the same may be recorded, as required by law. B. The City requires, as a condition precedent to the acceptance and approval of the Final Map, the dedication of such streets, highways and public places and easements as are delineated and shown on the Final Map, and deems the same as necessary for the public use, and also requires that any and all streets delineated and shown on the Final Map shall be improved by the construction and the installation of the improvements hereinafter specified. C. Section 12-1014 of the Municipal Code of the City of Fresno requires the Subdivider to enter into this Agreement with the City whereby Subdivider agrees to do, perform and complete the work and matters required as Conditions of Approval for Vesting Tentative Map Subdivision Agreement Tract No. 5010 Page 3 No. 5010 dated April 17, 2003, issued by the City and any amendments thereto and Conditional Use Permit Application No. 03-160 dated November 17, 2003 (hereinafter referred to as "Conditions of Approval" and incorporated into this agreement by this reference), hereinafter set forth in detail, within the time hereinafter mentioned, in consideration of the acceptance of the offers of dedication by the City of Fresno. D. The Subdivider desires to construct the improvements and develop the subdivision. E. The Subdivider hereby warrants that any and all parties having record title interest in the Final Map which may ripen into a fee have subordinated to this instrument and that all such instruments of subordination, if any, are attached hereto and made a part of this instrument. AGREEMENT In consideration of the acceptance of the offers of dedication of the streets, highways, public ways, easements and facilities as shown and delineated on the Final Map, and in consideration of finding of substantial compliance with said tentative map, it is mutually agreed and understood by and between the Subdivider and the City, and the Subdivider and the City do hereby mutually agree as follows: 1. The Subdivision is subject to the following: a. The work and improvements shall be performed hereinafter specified on or before May 31, 2007, except as noted in (b), (c), and (d) listed below. b. The Sidewalk and driveway approach construction for the interior lots of the subdivision shall be completed on or before May 31, 2009, (The developer may submit a written request to the Public Works Director for an extension of time to complete the construction of the sidewalk and driveway approaches). C. The Street Trees required for each lot shall be planted upon occupancy of each lot. The Subdivider shall notify the City Parks, Recreation and Community Services Department-Parks Division of the planting schedules. All species of Street Trees to be planted in the subdivision shall be as Subdivision Agreement Tract No. 5010 Page 4 approved by the Parks Division. The responsibility to provide and plant, or to inspect the required Street Tree planting, shall be in accordance with the Street Trees fees paid in EXHIBIT"B,"attached hereto and made a part of this Agreement. d. The Issuance of building permits for any structure within the subdivision shall conform to the requirements of the prevailing Uniform Fire Code (UFC). The Subdivider's attention is particularly called to Part III, Article 9 of UFC relating to Fire Department access and water supply. No building permit shall be issued until all Fire Department access and fire fighting water supply requirements have been met. No occupancy permit shall be issued until all Fire Department requirements for occupancy have been met. The issuance of any occupancy permits by the City for dwellings located within said subdivision shall not be construed in any manner to constitute an acceptance and approval of any or all of the streets and improvements in the subdivision. e. No certificates of occupancy will be issued nor any human occupancy allowed for any building on any lot of the subdivision until permanent sanitary sewer and water service is determined to exist by the Director of Public Utilities Department. f. When a delay occurs due to unforeseen causes beyond the control and without the fault or negligence of the Subdivider, the time of completion may be extended for a period justified by the effect of such delay on the completion of the work. The Subdivider shall file a written request for a time extension with the Director of Public Works prior to the above noted date, who shall ascertain the facts and determine the extent of justifiable delays, if any. Extension of time for completion of improvements(including street trees planting) may be granted by the Public Works Director with an extension fee from the current Master Fee Schedule based upon the initial estimated total improvement cost. The Director of Public Works shall give the Subdivider written notice of his determination in writing, which shall be final and conclusive. 2. The work and improvements, more specifically shown on the referenced plans and made a part hereof, shall be done in accordance with the construction standards contained in the 2002 Edition of the City of Fresno Standard Specifications and Drawings(City Council Resolution No. 70-36 and Resolution No. 84-361) and any amendments thereto, (hereinafter referred to as Subdivision Agreement Tract No. 5010 Page 5 "Public Works Standards") at the sole cost and expense of the Subdivider including all costs of engineering, inspection and testing. 3. The work and improvements are as follows: a. Construct all landmarks, monuments and lot corners required to locate land divisions shown on the Final Map. Pursuant to Section 66497 of the State Subdivision Map Act, prior to the City's final acceptance of the subdivision and release of securities, the Subdivider shall submit evidence to the City of Fresno of payment and receipt thereof by the Subdivider's engineer or surveyor for the final setting of all monuments required in the subdivision. b. All utility systems shall be installed underground. Subdivider's attention is directed to the installation of street lights in accordance with Resolution No. 78-522 or any amendments or modifications which may be adopted by Council prior to the actual installation of the lights. The Subdivider shall construct a complete underground street light system as approved by the City Engineer prior to final acceptance of the subdivision. Height, type, spacing, etc. of standards and luminaires shall be in accordance with Resolution Nos. 78-522 and 88-229 or any amendments or modifications which may be adopted by Council prior to the actual installation of the lights and shall be approved by the City Engineer. C. Water main extensions and services shall be provided in accordance with applicable provisions of Chapter 14, Article 1 of the Fresno Municipal Code and all applicable charges shall apply. d. Sanitary sewer extensions and services shall be provided in accordance with applicable provisions of.Chapter 9, Article 5 of the Fresno Municipal Code and all applicable charges shall apply. e. Lot drainage shall be in accordance with Section 13-120.3315 of the Fresno Municipal Code. f. All "Dead-End" Streets created by this subdivision shall be barricaded in accordance with Public Works Standards within seven (7) days from the time said streets are surfaced, or as directed by the City Engineer. g. Any temporary storm water retention basins constructed or enlarged to serve this tract shall be fenced in accordance with Public Works Standards within seven Subdivision Agreement Tract No. 5010 Page 6 (7)days from the time said basins become operational, or as directed by the City Engineer. h. Wet-Ties shall be in accordance Sections 14-107 and 14-111 of the Fresno Municipal Code. The amounts identified below as "Wet-Tie Charges" are estimates only and serve as a deposit to cover the actual cost of construction. Should the actual construction cost be less than the deposit, the Subdivider shall be refunded the excess. Should the actual construction cost be greater than the deposit, the Subdivider shall be billed by the City of Fresno for the difference and shall be directly responsible for payment. i. As a condition of Tentative Tract Map No. 5010 approval the Subdivider is required to install landscaping and an irrigation system into any landscape areas of Outlot "A" required for this subdivision. A Private Homeowners Association has been formed to provide for continued care and maintenance of the required landscaping and proposed walls/gates. The Subdivider shall install the fencing/walls, landscaping and irrigation system, in accordance with the approved improvement plans (i.e., Landscape and Irrigation Plans, Grading Plans),within the Private Landscape Areas of Outlot"A"required in the Conditions of Approval and delineated on the Final Map. The improvement plans for such landscaping and irrigation system shall be prepared by a licensed Landscape Architect, certified irrigation designer or other persons with landscaping and irrigation design expertise acceptable to the Planning and Development Director. j. Perform and construct all work shown on the following construction plans and any amendments thereto i. City Drawing Nos: [10-C-8328 through 10-C-8335 with Water Job No. 4912 (8 sheets) inclusive, 15-C-11806 through 15-C-11819 (14 sheets) inclusive, Street Lighting Plan Drawing No. 4-C-797 (1 sheet)], unless specifically omitted herein. ii. Fresno Metropolitan Flood Control District Drawing Nos: DE-05-1 through DE-05-4 (4 sheets) inclusive, unless specifically omitted herein. Install and complete all other street improvements required by Section 12-1012 of the Fresno Municipal Code in accordance with the Public Works Standards and the construction plans. k. Prior to approval of the Final Map by the City, the Subdivider shall pay to the City and /or execute a covenant to defer certain impact fees due which are eligible to be deferred by relevant FMC provisions, the total fees and charges due as a condition of Subdivision Agreement Tract No. 5010 Page 7 Final Map approval. The total fees and charges are more particularly itemized and made a part of this agreement in the attached Exhibit"B." I. In connection with assigning figures set forth in Exhibits"A"and"B,"the City has made its best faith efforts at predicting the amounts to be credited as reimbursements for improvements that will benefit other properties. Because the subject improvements have not been completed at the time of execution of this agreement, the actual cost of construction is not yet known. Some degree of reasonable estimation is incorporated into the calculations. Subdivider agrees that these figures represent City's best estimates only and that they are subject to fluctuation following calculation of actual construction costs after improvement completion and acceptance. It is further subject to Subdivider's submission and City review of a financial accounting which sets forth those actual costs, and the application, by City, of all relevant Fresno Municipal Code provisions which relate to the Subdivider's payment of fees and reimbursement thereto. This would include any pertinent provisions contained within City's Master Fee Schedule which would also apply to the payment of fees or reimbursements . 4. It is agreed that the City shall inspect all work. All of the work and improvements and materials shall be done, performed and installed in strict accordance with the approved construction plans for said work on file with the City Engineer and the Public Works Standards, which said construction plans and Public Works Standards are hereby referred to and adopted and made a part of this Agreement. In case there are not any Public Works Standards for any of said work, it is agreed that the same shall be done and performed in accordance with the standards and specifications of the State of California, Division of Highways. All of said work and improvements and materials shall be done, performed and installed under the inspection of and to the satisfaction of the City Engineer. 5. Prior to the approval by the Fresno City Council of the Final Map, the Subdivider shall furnish to the City the following improvement securities in the amounts more particularly itemized in Exhibit A. Bonds shall be by one or more duly authorized corporate sureties licenced to do business in California subject to the approval of the City and on forms furnished by the City. Subdivision Agreement Tract No. 5010 Page 8 a. PERFORMANCE SECURITY. Total amount to equal to 100% of the Final Cost Estimated to be conditioned upon the faithful performance of this Agreement. i. 95% of the final Cost Estimate shall be in the form of a bond or irrevocable instrument of credit; and ii. 5% of the final Cost Estimate shall be in cash or a certificate of deposit. b. PAYMENT SECURITY. Total amount to equal to 50% of the Final Cost Estimated to secure payment to all contractors and subcontractors performing work on said improvements and all persons furnishing labor, materials or equipment to them for said improvements. Payment Security shall be in the form of a bond or irrevocable instrument of credit. C. Any and all other improvement security as required by Section 12-1016 of the Fresno Municipal Code. 6. On acceptance of the required work by the City Engineer, a warranty security shall be furnished to or retained by the City, in the minimum amount identified in said Exhibit A, for guarantee and warranty of the work for a period of one(1) year following acceptance against any defective work or labor done or defective materials furnished. In accordance with Section 12-1016 of the Fresno Municipal Code, said warranty security shall be in the form of cash or a Certificate of Deposit. The warranty security shall be returned to the Subdivider, less any amount required to be used for fulfillment of the warranty one (1) year after final acceptance of the subdivision improvement. 7. This Agreement shall in no way be construed as a grant by the City of any rights to the Subdivider to trespass upon land rightfully in the possession of, or owned by, another, whether such land be privately or publicly owned. 8. The City shall not be liable to the Subdivider or to any other person, firm or Subdivision Agreement Tract No. 5010 Page 9 corporation whatsoever, for any injury or damage that may result to any person or property by or from any cause whatsoever in, on or about the subdivision of said land covered by this Agreement,or any part thereof. The Subdivider hereby releases and agrees to indemnify,defend, and save the City harmless from and against any and all injuries to and deaths of persons, and all claims, demands, costs, loss, damage and liability, howsoever same may be caused, resulting directly or indirectly from the performance of any or all work to be done in and upon the street rights-of-way in said subdivision and upon the premises adjacent thereto pursuant to this Agreement, and also from all injuries to and deaths of persons, and all claims, demands, costs, loss, damage and liability, howsoever same may be caused, either directly or indirectly made or suffered by the Subdivider, the Subdivider's agents, employees and subcontractors, while engaged in the performance of said work. The Subdivider further agrees that the use for any purpose and by any person of any and all of the streets and improvements hereinbefore specified, shall be at the sole and exclusive risk of the Subdivider at all times prior to final acceptance by the City of the completed street and other improvements thereon and therein. . 9. The Subdivider shall remedy any defective work or labor or any defective materials and pay for any damage to other work resulting therefrom which shall occurwithin a period of one (1) year from the date of acceptance of the work. 10. The Subdivider and his subcontractors shall pay for any materials, provisions, and other supplies used in, upon,for, or about the performance of the work contracted to be done, and for any work or labor thereon of any kind, and for amounts due under the Unemployment Insurance Act of the State of California, with respect to such work or labor, and shall file with the City pursuant to Section 3800 of the Labor Code, a Certificate of Workers' Compensation and shall maintain a valid policy of Workers' Compensation Insurance for the duration of the period Subdivision Agreement Tract No. 5010 Page 10 of construction. 11. Initial soils compaction testing for public utility improvement work within the right-of-way shall be ordered by and paid for by the City of Fresno. Public utility improvements shall include street surface improvements, sanitary and storm sewers, City water facilities and irrigation lines. All other compaction testing for private utility installations shall be paid for by the Subdivider or his agent. Compaction testing performed for determination of compliance with Public Works Standards shall at all times remain under the control and direction of the City Engineer who shall determine locations and depths to be tested. Any compaction tests failing to meet the City's requirements shall be reordered by the City and paid for by the Subdivider or his agent. Billing for the private utility tests and any required retesting due to failures shall be made directly to the Subdivider or his agent. 12. The Subdivider shall comply with Street, Plumbing, Building, Electrical, Zoning Codes and any other codes of the City of Fresno. 13. It shall be the responsibility of the Subdivider to coordinate all work done by his contractors and subcontractors, such as scheduling the sequence of operations and the determination of liability if one operation delays another. In no case shall representatives of the City of Fresno be placed in the position of making decisions that are the responsibility of the Subdivider. It shall further be the responsibility of the Subdivider to give the City Engineer written notice not less than two (2) working days in advance of the actual date on which work is to be started. Failure on the part of the Subdivider to notify the City Engineer may cause delay for which the Subdivider shall be solely responsible. 14. Whenever the Subdivider varies the period during which work is carried on each day, he shall give due notice to the City Engineer so that proper inspection may be provided. If Subdivision Agreement Tract No. 5010 Page 11 Subdivider fails to duly notify City as herein required, any work done in the absence of the Engineer will be subject to rejection. The inspection of the work shall not relieve the Subdivider of any of his obligations to fulfill the Agreement as prescribed. Defective work shall be made good, and unsuitable materials may be rejected, notwithstanding the fact that such defective work and unsuitable materials have been previously overlooked by the Engineer or Inspector and accepted. 15. . Any damage.to the sewer system, concrete work or street paving that occurs after installation shall be made good to the satisfaction of the City Engineer by the Subdivider before release of bond, or final acceptance of completed work. 16. Adequate dust control shall be maintained by the Subdivider on all streets within and without the subdivision on which work is required to be done under this Agreement from the time work is first commenced in the subdivision until the paving of the streets is completed. "Adequate dust control" as used herein shall mean the sprinkling of the streets with water or the laying of an approved dust palliative thereon with sufficient frequency to prevent the scattering of dust by wind or the activity of vehicles and equipment onto any street area or private property adjacent to the subdivision. Whenever in the opinion of the City Engineer adequate dust control is not being maintained on any street or streets as required by this paragraph, the City Engineer shall give notice to the Subdivider to comply with the provisions of this paragraph forthwith. Such notice may be personally served upon the Subdivider or, if the Subdivider is not an individual, upon any person who has signed this Agreement on behalf of the Subdivider or, at the election of the City Engineer, such notice may be mailed to the Subdivider at his address on file with the City Engineer. If,within twenty-four(24) hours after such personal service of such notice orwithin Subdivision Agreement Tract No. 5010 Page 12 forty-eight (48) hours after the mailing thereof as herein provided, the Subdivider shall not have commenced to maintain adequate dust control or shall at any time thereafter fail to maintain adequate dust control, the City Engineer may, without further notice of any kind, cause any such street or streets to be sprinkled or oiled, as he may deem advisable to eliminate the scattering of dust, by equipment and personnel of City or by contract as the City Engineer shall determine, and the Subdivider agrees to pay to City forthwith, upon receipt of billing therefor, the entire cost to City of such sprinkling or treated. When the surfacing on any existing street is disturbed, this surfacing shall be replaced with temporary or permanent surfacing within fourteen (14) calendar days, and the roadway shall be maintained in a safe and passable condition at all times between the commencement and final completion, and adequate dust control shall be maintained during these operations. 17. Concrete curbs and gutters, the sanitary sewer system and house connections, together with water mains, gas mains, and their respective service connections, shall be completed in the streets and alleys before starting the street and alley surfacing. 18. Time is of the essence of this Agreement, and the same shall bind and inure to the benefit of the parties hereto, their successors and assigns. 19. No assignment of this Agreement or of any duty or obligation of performance hereunder shall be made in whole or in part by the Subdivider without the written consent of City. /// Subdivision Agreement Tract No. 5010 Page 13 The parties have executed this Agreement on the day and year first above written. CITY OF FRESNO, SUBDIVIDER a Municipal Corporation COPPER RIDGE ESTATE, LLC PUBLIC WORKS DEPARTMENT a California Limited Liability Company By: By: 14-r. S-1- V 6 a M96onald, President Michael T. Kirn, P.E., 6irector ATTEST:, REBECCA E. KLISCH, CMC CITY CLERK (Attach Notary Acknowledgment) By: Deputy C Sj o 10,4 APPROVED AS TO FORM: HILDA CANTO MONTOY City Attorney By: Deputy FORM Subdivision Agreement v10-03-03 Louisr 5-11-04 STATE OF CALIFORNIA COUNTY OF FRESNO On �� before me, Darlene Lemons, Notary Public, personally appeared personally known to me ❑proved to me on the basis of satisfactory evidence to be the person(s)whose name(s) is/are subscribed to the within instrument and acknowledge to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s)on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. DfiRLENE LEIViMONSI V 71 COMM.#1310646 0 NOTARY PUBLIC-CALIFORNIA o ' - FRESNO COUNTY Dar ene Lemons My Comm.Expires June 2c� 5 20055! Title or Type of Document: dl Date of Document: EXHIBIT A Subdivision Agreement for Tract 5010 A. APPROVED PUBLIC IMPROVEMENT CONSTRUCTION COST ESTIMATES Water System Construction Cost Estimate $198,865 Well Construction Cost Estimate $0 Sewer System Construction Cost Estimate $105,158 Street Construction Cost Estimate $500,239 Final Cost Estimate(for Inspection Fee purposes) $804,262 292 Landmarks, Monuments, Lot& Block Corners ($50/ea) $14,600 Sub-Total (for bonding purposes) $818,862 Construction Contingency(10%) $81,886 TOTAL COST ESTIMATE* (for improvement securities purposes) $900,748 $901,000 *All amounts rounded to nearest$1000 B. IMPROVEMENT SECURITY REQUIREMENTS (due with subdivision agreement) Performance Security (100%of Total Cost Estimate) 95% of amount shall be in the form of a bond by duly authorized corporate sureties or irrevocable letter of credit $856,000 5% of amount shall be in cash or a Certificate of Deposit $45,000 Payment Security (50%of Total Cost Estimate) 100% of amount shall be in the form of a bond by duly authorized corporate sureties or irrevocable letter of credit $450,500 Faithful Performance Security to Guarantee Completion of Plans Street Plans $0 Utility Plans(Sewer.Water, Storm Water) $0 Street Light Plans $0 Landscaping/Irrigation/Walls $0 100% of amount shall be in cash or a Certificate of Deposit 1 $0 C. WARRANTY SECURITY REQUIREMENT*(due as condition of acceptance of the work) 5% of first$50,000 of the Total Cost Estimate $3,000 3% of next$50,000 $2,000 1% of next$400,000 $4,000 0.5% of amount over$500,000 $2,000 Minimum amount $11,000 EXHIBIT A v4/28/00 Prepared By: Frank Date: 05/11/04 Print Date:05/11/04 10:21:58 AM Page 1 of 1 EXHIBIT B Subdivision Agreement for T- 5010 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED A. MISCELLANEOUS FEES&CHARGES 1. INSPECTION FEE $0 Final Cost Estimate<$10K na (11.52%;$600 minimum fee) $0 Final Cost Estimate>$1 OK<$500K na ($4836+3.25%of amount over$1 OK) $804,262 Final Cost Estimate over$500K $33,267.74 ($20,793+4.1%of amount over$500K) Less Inspection Fees paid with Early Sewer/Water Construction Agreement $15,612.00 Less Inspection Fees paid with Early Street Construction Agreement Inspection Fee $17,655.74 $17,655.74 2. MONUMENT CHECK FEE 95 Lots and Outlots @ $30.00 per Lot $2,850.00 $2,850.00 (Min$200) 3. STREET SIGNS Street Name Sign sets @ $173.00 per set $173.00 $173.00 ®Warning/Regulatory signs @ $77.00 sign $308.00 $308.00 4. STREET TREES 38 Inspection Fee(when planted by subdivider) @ $30.00 per Tree $1 140.001 $1,140.00 5. STREET RIGHTS OF WAY ACQUISITION/CONSTRUCTION CHARGE per FMC 11-226(f)(6) Lum Sum Charge as established by Public Works Director na na 6. LANDSCAPE MAINTENANCE DISTRICT FEES(CFD-2) 95 Lots(anticipated maintenance cost) @ $0.00 per Lot na 7. IRRIGATION PIPELINE(one-time maintenance fee) Lineal Feet @ $5.00 per LF na na 8. URBAN RESERVE 41 CORRIDOR NEXUS STUDY CONTRIBUTION Freeway 41/Friant Road/Herndon Corridor 35.6042 Adjusted Gross Acres @ $250.00 per AG Ac $8,901.05 $8,901.05 TOTAL MISCELLANEOUS FEES&CHARGES $31,332.79 $31,332.79 EXHIBIT B v11/01/01 Printed 05/11/04 4:08:58 PM Page 1 of 4 EXHIBIT B Subdivision Agreement for T- 5010 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED B. IMPACT FEES,CONSTRUCTION CREDITS&FEES TO BE DEFERRED 40.8231 Gross Acres 35.6042 Adjusted Gross Acres(AG Ac); excludes Area of Arterial&Collector Streets 95 Units(residential) R-1 Zoning u m Input"ugm"if within the Urban Growth Management Area or"no" 1. LOCAL DRAINAGE FEES Local Drainage Fee $0.00 $0.00 (B1) (61)All or portion of fee obligation satisfied pursuant to FMFCD agreement. 2. SEWER CONNECTION CHARGES (a)Lateral Sewer Charge SF; sub-total Lateral Sewer Charge @ $0.10 per SF Lateral Sewer Charge $0.00 $0.00 Fee Due for Lots under Early Issuance of Building Permits Agreement (b)Oversize Sewer Charge 43 UGM Reimbursement Area Frontage: N.Cedar Avenue 113 140 SF Frontage: E.Copper Avenue 125,375 SF Total Square Feet 238,515 SF 238,515 SF;sub-total Oversize Sewer Charge @ $0.05 per SF $11,925.75 Less estimated Oversize Credits $0.00 Less estimated Overdepth Credits Oversize Sewer Charge $11 925.75 ------$-J-,8--4-97.491- $10,076.26 (c Trunk Sewer Charge Herndon Trunk Sewer Service Area 95 Units @ $496.00 per Unit $47,120.00 $47,120.00 (d)Wastewater Facilities Charge Fee to be paid at the rate in effect at time of issuance of building permit.The fee rate currently in effect is$2,119 per Unit(FMC 9-503-b) (e Sewer Ca achy Enhancement Charge Herndon Trunk Sewer Service Area 95 Units @ $874.00 per Unit $83,030.00 $83,030.00 ( Copper Avenue Sewer Lift Station Benefit Service Area Charge ��` 95 Units @ $650.00 per Unit $61,750.00 $10,400.00 $51,350.00 ( Fowler TTrrunnkk Sewer Interim Fee Surety L_ 0 Units @ $1,000.00 per Unit na nal EXHIBIT B v11/01/01 Printed 05/11/04 4:09:00 PM Page 2 of 4 EXHIBIT B Subdivision Agreement for T- 5010 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED 3. WATER CONNECTION CHARGES (a)Time&Material Charges("Wet-Tie") 2003 0210 1 Estimate Number 4912 1 Water Job Number Estimated Deposit(FMC 14-111-f) $9,600.00 $0.00 (B3) (63) Deposit paid with Early Construction Agreement (b1)Service Connection Charges 39 1"Meters to existing services @ $320.00 each $12,480.00 $0.00 ' $12,480.00 40 1-1/2",Meters to existing services @ F $470.00 each $18,800,001 $0.00 ' $18,800.00 (b2)Landscape Service Connection Charges 112"Meters to existing services @ $620.00 each $620.00 $620.00 (c)Frontage Charge 0 1 LF; sub-total Frontage Charge(full rate) @ $6.50 per LF na (d)Transmission Grid Main Charge A I UGM Reimbursement Area 40.8231 Gross Acres @ $560.00 per Gr Acre $22 860.94 Less Estimated TGM Construction Credits $35,931.00 Transmission Grid Main Charge $0.00 $0.00 ' Paid w/Credits (e)Transmission Grid Main Bond Debt Service Charge 40.82311 Gross Acres @ $243.00 per Gr Acre $9,920.01 Less Estimated TGM Bond Debt Service Charge Credits Transmission Grid Main Bond Debt Service Charge $9, 20.011 $1,537.:62:]* $8,382.39 ( UGM Water Supply Fee 101 s Supply Well Service Area 95 Living Units(residential) @ $397.00 per Unit F $37,715.00 Less Estimated UGM Water Supply Fee Construction Credits UGM Water Supply Fee $37,715.00 $37,715.00 ( Well Head Treatment Fee 101 Well Head Treatment Service Area 95 Living Units(residential) @ $0.00 per Unit (h)Recharge Fee 101 Recharge Service Area 951 Living Units(residential) @ $0.00 per Unit (i)1994 Bond Debt Service Fee 101 1994 Bond Debt Service Fee Service Area 95 Living Units(residential) @ $895.00 per Unit $85 025.00 Less Estimated 1994 Bond Debt Service Fee Construction Credits 1994 Bond Debt Service Fee $85,025.00 1 $14,320.00 $70,705.00 EXHIBIT B 01/01/01 Printed 05/11/04 4:09:00 PM Page 3 of 4 EXHIBIT B Subdivision Agreement for T- 5010 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED 4. URBAN GROWTH MANAGEMENT(UGM)FEES&CONSTRUCTION CREDITS (a)UGM FIRE STATION FEE 21 Fire Station Service Area 40.8231 Gross Acres @ $1,388.00 per Gr Acre $56,662.46 $8,782.89 ` $47,879.57 (b UGM NEIGHBORHOOD PARK FEE 7 Neighborhood Park Service Area 40.8231 Gross Acres @ $1 690.00 per Gr Acre $68,991.04 $10,693.801- (c) 10,693.80 •(c)UGM MAJOR STREET CHARGE F Major Street Zone 35.6042 Adjusted Gross Acres @ $2,500.00 per AG Ac $89,010.50 Less Estimated Major Street Charge Construction Credits $0.00 Major Street Charge $89,010.50 $13,797.00 ' $75,213.50 (d)UGM MAJOR STREET BRIDGE CHARGE F Major Street Bridge Zone 35.6042 Adjusted Gross Acres @ $50.00 per AG Ac $1,780.21 Less Estimated Major Street Bridge Charge Construction Credits Major Street Bridge Charge $1,780.21 $275.:96:]. $1,504.25 (e)UGM TRAFFIC SIGNAL CHARGE 35.6042 Adjusted Gross Acres @ $860.00 per AG Ac $30,619.61 Less Estimated Traffic Signal Charge Construction Credits Traffic Signal Charge 11 $30,619.61 $4,746.41 $25,873.20 ( UGM GRADE SEPARATION CHARGE Grade Separation Service Area 35.6042 1 Adjusted Gross Acres @ $0.00 per AG Ac na ( UGM TRUNK SEWER FEE Trunk Sewer Service Area 35.6042 Adjusted Gross Acres @ $0.00 per AG Ac na (h OVERLAY SEWER SERVICE AREA Millbrook Overlay Service Area 35.6042 Adjusted Gross Acres @ $0.00 per AG Ac na 5. POLICE SUBSTATION FEE Informational Only This Fee Due With Issuance of Building Permits Northeast Fresno Service Area 95 Residential Living Units @ $85.00 per Unit Total Impact Fees&Charges $625,049.58 $234,888.17 $380,561.41 Note: EXTENSION total includes net results of construction credits SUMMARY TOTAL(A) MISCELLANEOUS FEES&CHARGES $31,332.79 TOTAL(B) IMPACT FEES&CHARGES $234,888.171 1 $380,561.41 TOTAL SUBDIVISION FEES and CHARGES DUE WITH AGREEMENT cash $266,220.96 EXHIBIT B v11/01/01 Printed 05/11/04 4:09:00 PM Page 4 of 4 Account Number: 1340012833 Security Amount: $45,000.00 W. ASSI.GNMENT:.::.:.;: ... (Subdivision Agreement) SECURITY FOR: Copperridge Estates, 1,1.0 hereinafter called ASSIGNOR, whose principal place of business is 466 W. Fallbrook #110 Fresno, CA 93711 Street city State Zip Code do (does) hereby assign, and set over to the City of Fresno of the State of California, all right, title, and interest of whatever nature, of assignor, in,and to the insured account of assignor in the California Bank & Trust , evidenced by Certificate of Dep-in the amount of $ 45,000.00 number1340012833 which is to be delivered to the City of Fresno herewith. Assignor agrees that this assignment carries with it the right in the insurance of the:account.by the Federal Deposit Insurance Corporation, and includes and gives the right to the City of Fresno to redeem, collect, and withdraw the full amount as indicated above.at any time WITHOUT NOTICE TO ASSIGNOR. This assignment is given as security for liability for Performance Security Tract 5010 City of Fresno including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. Assignor hereby notifies the above-named Bank of this assignment. Dated this 13th day of May , 20 04 ANNa Title of Assignor RECEIPT FOR :N'OTI.CE:OF :A'S:SIGN.MENT° Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records the City's interest in the account as shown by the above assignment and have retained a copy of this sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. Dated this 13th day of May , 20 04 California Bank & Trust 7060 N Fresno St Fresno, CA Bank Name Branch Location City State N eSUh f o�f��} icb�x� Cie%��—i�,."�/�• W AUTOMATICALLY RENEWABLE •~- C B CALIFORNIAIBANK U TRusT TRUST LL I-• U ISSUED AT Fresno Main OFFICE Frpsnn CA DATE 5-13-04 W (CITY OR TOWN) (STATE) W u **Copperridge Estates, LLC/City of Fresno** 1340012833 UO (CUSTOMER NAME) (CUSTOMER NUMBER) } w **Forty Five Thousand Dollars and no cents************* DOLLARS $*45,000.00** a c 7) HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK 8 TRUST PAYABLE TO OR ORDER UPON MATURITY = Q W AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATE,PROPERLY ENDORSED,AT THE ABOVE OFFICE. O THE MATURITY OF THIS CERTIFICATE WILL BE 6-12-04 AFTER DATE,AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS Z UNLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY,THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY, OR (B) UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED Q MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT. SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF .8 5 %PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY,AS ABOVE PROVIDED,AND SUCH INTEREST WILL BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK. THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTHORIZED SIGNATURE Dated this day of 20 By Authorized Officer or Employee Telephone Number For any question concerning this assignment transaction, please call upon the office of the appropriate officer shown herein. PAYMENT. OF FUNDS AND RELEASE OF ASSIGNMENT . The City of Fresno hereby requests payment to be made to the City of Fresno in the amount of $ from withdrawal of funds in that amount from the Deposit Account identified in the above Assignment. Upon payment of such amount to the City, the City authorizes to release to Assignor all. funds in the Deposit Account in excess of $ and relinquishes all further right, title and interest of whatever nature in the Deposit Account. Dated 20 By Authorized Officer or Employee BJW:bjw Assignment Form.wpd (Updated 05/14/2001) �j AUTOMATICALLY RENEWABLE CALIFORNIA BANK_ U Teusr TRUST LJ. E— U ISSUED AT Fresno Main OFFICE Frpsnn rA DATE 5-13-04 _ (CITY OR TOWN) (STATE) W u **Copperridge Estates, LLC/City of Fresno** 1340012833 O (CUSTOMER NAME) (CUSTOMER NUMBER) fY H **Forty Five Thousand Dollars and no cents************* DOLLARS $*45,000.00** a c co a HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK 8 TRUST PAYABLE TO OR ORDER UPON MATURITY = QU) AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATE,PROPERLY ENDORSED,AT THE ABOVE OFFICE. a/� O THE MATURITY OF THIS CERTIFICATE WILL BE 6-19-04 AFTER DATE,AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS . Z UNLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY,THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY, OR (B) UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED Q MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT. - �' SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF .85 %PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY,AS ABOVE PROVIDED,AND SUCH INTEREST WILL BE r PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK. THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTHORIZED SIGNATURE Dated this day of 20 By Authorized Officer or Employee Telephone Number For any question concerning this assignment transaction, please call upon the office of the appropriate officer shown herein. PAYMENT :OF FUNDS AND RELEASE O:F ASSIGN.M.ENT......11111 The City of Fresno hereby requests payment to be made to the City of Fresno in the amount of $ from withdrawal of funds in that amount from the Deposit Account identified in the above Assignment. Upon payment of such amount to the City, the City authorizes to release to Assignor all. funds in the Deposit Account in excess of $. and relinquishes all further right, title and interest of whatever nature in the Deposit Account. Dated 20 By Authorized Officer or Employee BJW:bjw Assignment Form.wpd (Updated 05/14/2001) Account Number: 1340012833 Security Amount:$45,000.00 ASSIGNMENT:.:. ,:. . .. (Subdivision Agreement) SECURITY FOR: Copperridge Estates, LLC hereinafter called ASSIGNOR, whose principal place of business is 466 W. Fallbrook 4110 Fresno, CA 93711 Street. City State Zip Code do (does) hereby assign, and set over to the City of Fresno of the State of California, all right, title, and interest of whatever nature, of assignor, in and to the insured account of _ assignor in the California Bank & Trust , evidenced by Certificate of Dep-in the amount of $ 45,000.00 number1340012833 which is to be delivered to the City of Fresno herewith. Assignor agrees that this assignment carries with it the right in the insurance of the.account by the.Federal Deposit Insurance Corporation, and includes and gives the right to the City of Fresno to redeem, collect, and withdraw the full amount as indicated above.at any time WITHOUT NOTICE TO ASSIGNOR. This assignment is given as security for liability for Performance Security Tract 5010 City of Fresno including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. Assignor hereby notifies the above-named Bank of this assignment. Dated this 13th day of May 20 04 Name 8, Title of Assignor RECEIPT -FOR NOTICE:;OFA SIGNIVI ° Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records the City's interest in the account as shown by the above assignment and have. retained a copy of this sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. Dated this 13th day of May 120 04 California Bank & Trust 7060 N Fresno St Fresno, CA Bank Name Branch Location City State By _- N e of is Bond Number: 2126706 Premium:Included in the Perfo ance Bond ..........:::....:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: SUSDIVIDEW: S PAYMENT. BOND (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and _Copper Ridge Estates, LLC', A Califomia Limi t d Liability ron pane (hereinafter designated as"principal")have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 . , and identified as project Tract X65010 , is hereby 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 Fresno 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 Fresno and all contractors, subcontractors, laborers, material men and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Code of Civil Procedure in the sum of. Four Hundrpd Fi f ty Thousand Five Himdred and dollars ($ 450.500.00** J, , for materials furnished or labor thereon of any kind, or for amounts due 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 herein above set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable attorney's fees, incurred by 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.judgement 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 it does hereby waive notice of any such change, extension, alteration or addition. Subdivider's Payment Bond (Subdivision Agreement) Page 2 In witness whereof, this instrument has been duly executed by the principal and surety above named, on May 13 20 04 Copper Ri4ge Estates, LLC, A Caja' is Limited LiW:tility Com any By �t By: Principal Address of Surety 191 W. Shaw #109 Insurance Company of the Vest Fresno, CA 93704 By: . Roberta Voss Attorney-in-Fact By: Surety Acknowledgment by attorney-in-fact must be attached. Bond Form.wpd Revised 05/14/2001 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Fresno On ( L7 before me, Lyn Genito,Notary Public, personally appeared Roberta Voss, ® personally known to me -OR- ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within. instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s) acted,executed the instrument. LY N GENITO WITNESS my hand and official seal. COMM. #1390820 } " " NOTARY PUBLIC-CALIFORNIA FRESNO COUNTY �Al KOPNMy Comm.Expires Jan.16,2007 , S natur notary !F, a'_ OPTIQNAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ❑ ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-iCw 24(7/00) No. 0002608 ICW GROUP Power of Attorney Insurance Company of the West The Explorer Insurance Company Independence Casualty and Surety Company KNOW ALL MEN BY THESE PRESENTS: That Insurance Company of the West,a Corporation duly organized under the laws of the State of California,The Explorer Insurance Company,a Corporation duly organized under the laws of the State of Arizona,and Independence Casualty and Surety Company,a Corporation duly organized under the laws of the State of Texas,(collectively referred to as the"Companies"),do hereby appoint MATT DEFENDIS,LYN GENITO,STEPHEN E.HIGHLEY,JUSTIN SMIT,ROBERTA VOSS their true and lawful Attomey(s)-in-Fact with authority to date,execute,sign,seal,and deliver on behalf of the Companies,fidelity and surety bonds,undertakings, . and other similar contracts of suretyship,and any related documents. In witness whereof,the Companies have caused these presents to be executed by its duly authorized officers this l6th day of January,2001. 4��ovvurro�r %NSUj? 9v 4A INSURANCE COMPANY OF THE WEST �e<?`a�opPOMrFa�� o��opPOR�r�y� pct p G� THE EXPLORER INSURANCE COMPANY SEAL z r y INDEPENDENCE CASUALTY AND SURETY ecx�.+etr f ►y e0 c a a on COMPANY cetrrmntts x/11 *Nd °�oM � tri John H.Craig,Assistant Secretary John L.Hannum,Executive Vice President State of California } County of San Diego ss. On December 5,2003,before me,Mary Cobb,Notary Public,personally appeared John L.Hannum and John H.Craig,personally known to me to be the persons whose names are subscribed to the within instrument,and acknowledged to me that they executed the same in their authorized capacities,and that by their signatures on the instrument,the entity upon behalf of which the persons acted,executed the instrument. Witness my hand and official seal. M M .#1321341 COBB COItiiM. n U NOtARYPUkIC-CALiFOMIA W �► "m SA81 DIEGO COUNTY V Myy Comm ssron Expires ,. SE.>�TEMBER20;:20D5 Mary Cobb,Notary Public RESOLUTIONS This Power of Attorney is granted and is signed,sealed and notarized with facsimile signatures and seals tinder authority of the following resolutions adopted by the respective Boards of Directors of each of the Companies: "RESOLVED: That the President, an Executive or Senior Vice President of the Company,together with the Secretary or any Assistant Secretary,are hereby authorized to execute Powers of Attorney appointing the person(s)named as Attomey(s)-in-Fact to date,execute,sign, seal,and deliver on behalf of the Company,fidelity and surety bonds,undertakings,and other similar contracts of suretyship,and any related documents. RESOLVED FURTHER: That the signatures of the officers making the appointment,and the signature of any officer certifying the validity and current status of the appointment,may be facsimile representations of those signatures;and the signature and seal of any notary,and the seal of the Company,may be facsimile representations of those signatures and seals,and such facsimile representations shall have the same force and effect as if manually affixed. The facsimile representations referred to herein may be affixed by stamping, printing,typing, or photocopying." CERTIFICATE I,the undersigned,Assistant Secretary of Insurance Company of the West,The Explorer Insurance Company,and Independence Casualty and Surety Company,do hereby certify that the foregoing Power of Attorney is in full force and effect,and has not been revoked,and that the above resolutions were duly adopted by the respective Boards of Directors of the Companies,and are now in full force. IN WITNESS WHEREOF,I have set my hand this 13th day of Play 2004 John H.Craig,Assistant Secretary To verify the authenticity of this Power of Attorney you may cal 1-800-877-1111 and ask for the Surety Division. Please refer to the Power of Attorney Number, the above named individual(s)and details of the bond to which the power is attached. For information or filing claims,please contact Surety Claims,ICW Group, 11455 EI Camino Real,San Diego,CA 92130-2045 or call(858)350-2400. r� TERRORISM COVERAGE DISCLOSURE The Terrorism Risk Insurance Act of 2002 (the "Act") establishes a program under which the Federal Government will share in the payment of covered losses caused by certain acts of international terrorism. We are providing you with this notice to inform you of the key features of the Act, and to let you know what effect, if any, the Act will have on the premium. Under the Act, insurers are required to provide coverage for certain losses caused by international acts of terrorism as defined in the Act. The Act further provides that the Federal Government will pay a share of such losses. Specifically, the Federal Government will pay 90% of the amount of covered losses caused by certain acts of terrorism that is in excess of the statutorily established deductible for that year. The Act also caps the amount of terrorism-related losses for which the Federal Government or an insurer can be responsible at $100,000,000,000.00, provided that the insurer has met its deductible. Please note that passage of the Act does not result in any change in coverage under the attached policy or bond (or the policy or bond being quoted). Please also note that no separate additional premium charge has been made for the terrorism coverage required by the Act. The premium charge that is allocable to such coverage is inseparable from and imbedded in the overall premium. Bond Number: 21267o6 Premium: $15,840.00 : THFUL PERFORMANCE BOND (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and Copper Ridge Estates, LLC, A California Limited Liability Coripany (herein designated as"principal")have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 , and identified as project Tract No*. 5010 is hereby referred to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and Insurance Company of the 4dest , as surety, are held and firmly bound unto the City of Fresno, (hereinafter called "City"), in the penal Sum of Eip-ht Hundred Fifty Six Thousand and N01100************************* dollars ($ 856,000.00*** ***********) lawful money of the United States, for the payment of which sum well and truly 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 it's heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgement 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 anyway 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. Faithful Performance Bond (Subdivision Agreement) Page 2 In witness whereof,this instrument has been duly executed by the principal and surety above named, on May 13 , 2004 Copper Ridge Estates, LLC, a Ca o is Limited Liability Company By: Principal Address of Surety Insurance Company of the West 191 W Shaw 4109 By: L/w, R erta Voss Attorney-in-Tact Frenso, CA 93704 By: Surety Acknowledgment by attorney-in-fact must be attached. Bond Form.wpd Revised 05/14/2001 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Fresno On , 3 before me, Lyn Genito,Notary Public, personally appeared Roberta Voss, ® personally known to me -OR- ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s) acted,executed the instrument. LYN GENITO m COMM.#1390820 ; WITNESS m hand and official seal. NOTARY PUBLIC-CALIFORNIA y FRESNO COUNTY IRN My Comm.Expires Jan.16,2007 LL� n Si ature of ota 01 t :OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ❑ ATTORNEY-IN-FACT ❑ TRUSTEE(S) . ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICw 24(7/00) No. 0002608 ICW GROUP Power of Attorney Innsurance Company of the West The Explorer Insurance Company Independence Casualty and Surety Company KNOW ALL MEN BY THESE PRESENTS: That Insurance Company of the West,a Corporation duly organized under the laws of the State of California,The Explorer Insurance Company,a Corporation duly organized under the laws of the State of Arizona,and Independence Casualty and Surety Company,a Corporation duly organized under the laws of the State of Texas,(collectively referred to as the"Companies"),do hereby appoint MATT DEFENDIS,LYN GENITO,STEPHEN E.HIGHLEY,JUSTIN SMIT,ROBERTA VOSS their true and lawful Attomey(s)-in-Fact with authority to date,execute,sign,seal,and deliver on behalf of the Companies,fidelity and surety bonds,undertakings, and other similar contracts of suretyship,and any related documents. hi witness whereof,the Companies have caused these presents to be executed by its duly authorized officers this 16th day of January,2001. 4Ep0µPAMYQ�r �NSUgq c3gJpX37Y AAo�, INSURANCE COMPANY OF THE WEST Qs� pppq�r y� e'4�oe°0q+r yo w p G� THE EXPLORER INSURANCE COMPANY \aco Ea T a SEAL n 02 N K INDEPENDENCE CASUALTY AND SURETY 4+uecx j,j0% s9� ,om 0 2 Si COMPANY roan t �A(IiORN\A VA, ,*Nd John H.Craig,Assistant Secretary John L.Hannum,Executive Vice President State of California l j County of San Diego SS. On December 5,2003,before me,Mary Cobb,Notary Public,personally appeared John L.Hannum and John H.Craig,personally known to me to be the persons whose names are subscribed to the within instrument,and acknowledged to me that they executed the same in their authorized capacities,and that by their signatures on the instrument,the entity upon behalf of which the persons acted,executed the instrument. Witness my hand and official seal. MARY COBB Comm.#1321341 U NOTARY PUBLIC-CALIFORNIA N (� SAN OIEGO.COUNTY V. r My CommissionExplres SEPTEMBER 20,2005 Mary Cobb,Notary Public RESOLUTIONS This Power of Attorney is granted and is signed,sealed and notarized with facsimile signatures and seals under authority of the following resolutions adopted by the respective Boards of Directors of each of the Companies: "RESOLVED: That the President, an Executive or Senior Vice President of the Company,together with the Secretary or any Assistant Secretary,are hereby authorized to execute Powers of Attorney appointing the person(s)named as Attorneys)-in-Fact to date,execute,sign, seal,and deliver on behalf of the Company,fidelity and surety bonds,undertakings,and other similar contracts of suretyship,and any related documents. RESOLVED FURTHER: That the signatures of the officers making the appointment,and the signature of any officer certifying the validity and current status of the appointment,may be facsimile representations of those signatures;and the signature and seal of any notary,and the seal of the Company,may be facsimile representations of those signatures and seals,and such facsimile representations shall have the same force and effect as if manually affixed. The facsimile representations referred to herein may be affixed by stamping,printing,typing,or photocopying." CERTIFICATE I,the undersigned,Assistant Secretary of Insurance Company of the West,The Explorer Insurance Company,and Independence Casualty and Surety Company,do hereby certify that the foregoing Power of Attorney is in full force and effect,and has not been revoked,and that the above resolutions were duly adopted by the respective Boards of Directors of the Companies,and are now in full force. IN WITNESS WHEREOF,I have set my hand this 13th day of Ilay 2004 John H.Craig,Assistant Secretary To verify the authenticity of this Power of Attorney you may call 1-800-877-11 11 and ask for the Surety Division. Please refer to the Power of Attorney Number, the above named individual(s)and details of the bond to which the power is attached. For information or filing claims,please contact Surety Claims,ICW Group, 11455 EI Camino Real,San Diego,CA 92130-2045 or call(858)350-2400. TERRORISM COVERAGE DISCLOSURE The Terrorism Risk Insurance Act of 2002 (the "Act") establishes a program under which the Federal Government will share in the payment of covered losses caused by certain acts of international terrorism. We are providing you with this notice to inform you of the key features of the Act, and to let you know what effect, if any, the Act will have on the premium. Under the Act, insurers are required to provide coverage for certain losses caused by international acts of terrorism as defined in the Act. The Act further provides that the Federal Government will pay a share of such losses. Specifically, the Federal Government will pay 90% of the amount of covered losses caused by certain acts of terrorism that is in excess of the statutorily established deductible for that year. The Act also caps the amount of terrorism-related losses for which the Federal Government or an insurer can be responsible at $100,000,000,000.00, provided that the insurer has met its deductible. Please note that passage of the Act does not result in any change in coverage under the attached policy or bond (or the policy or bond being quoted). Please also note that no separate additional premium charge has been made for the terrorism coverage required by the Act. The premium charge that is allocable to such coverage is inseparable from and imbedded in the overall premium.