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HomeMy WebLinkAboutT-5224 - Agreement/Covenant - 6/3/2005 (2) i T city Of lz PUBLIC WORKS DEPARTMENT 2600 Fresno Street Fresno, California 93721-3616 (559) 621-8650 P.W. File No. 10713 SUBDIVISION AGREEMENT FINAL MAP OF TRACT NO. 5224/UGM i Subdivision Agreement Tract No. 5224 Page 2 THIS AGREEMENT is made this S>N day of MA y 20 09, by and between the City of Fresno, a Municipal Corporation, hereinafter designated and called the "City,"and De Young Properties 5224 L.P., a California Limited Partnership, 2109 West Bullard Avenue, Suite 101, Fresno, California 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. 5224 (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 No.5224/UGM i f Subdivision Agreement Tract No. 5224 Page 3 dated April 21, 2004 issued by the City and any amendments thereto (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 one (1)year of the date of this agreement, except as noted below. b. The sidewalk and driveway approach construction for the interior lots of the subdivision shall be completed on or before two(2)years of the date of this agreement. C. The Street Trees required for each lot shall be planted upon occupancy of each lot. The Subdivider shall notify the Public Works Department - Construction Management Division of the planting schedules. All species of Street Trees to be planted in the subdivision shall be as approved by the City Engineer. 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 Subdivision Agreement Tract No. 5224 Page 4 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. The Issuance of building permits for any structure within the subdivision shall be subject to the provisions more particularly established in the Statement of Covenants Affecting Land Development Requiring Fire Protection Measures to be Provided and Maintained for Tract No. 5224, recorded as Document No. on Fresno County Records and incorporated into this agreement by this reference. (NOTE. The recording data for this Statement shall be added by the City Clerk) 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 Subdivision Agreement Tract No. 5224 Page 5 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. 84361) and any amendments thereto, (hereinafter referred to as "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. Set all landmarks, monuments and lot comers 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. Subdividers 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 serviced 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 Subdivision Agreement Tract No. 5224 Page 6 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 subdivision shall be fenced in accordance with Public Works Standards within seven (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. The Subdivider shall install the fencingtwalls, landscaping and irrigation system, in accordance with the approved improvement plans (i.e., Landscape and Irrigation Plans, Grading Plans), within the Landscape Easement area required in the Conditions of Approval and delineated on the Final Map. The Subdivider has elected to satisfy Subdivider's obligation to maintain the landscaping, irrigation system and wall within certain landscape easement area(including said Outlot D) by agreeing to annex the Subdivision into the City's Community Facilities District No. 2 (CFD-2) and agreeing to maintain such landscaping, irrigation system and wall pursuant to a covenant until the Subdivision is duly annexed into the CFD-2 and such CFD-2 is responsible for the maintenance thereafter. The Subdivider shall provide each prospective purchaser, a Notice of Special Tax in accordance with the provisions of Section 53341.5 of the California Government Code. The improvement plans for such landscaping, irrigation system and wall 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 except that improvement plans for landscape easement areas to be annexed and maintained by CFD-2 shall be as approved by the City Engineer. j. Perform and construct all work shown on the following construction plans and any amendments thereto: i. City Drawing Nos: 10-C-8865 through 10-C-8880, inclusive; 15-C-12440 through 15-C-12461,inclusive; 4-0-827 through 4-C-827A,inclusive. ii. Fresno Metropolitan Flood Control District Drawing Nos: EM-6-1 through EM-6-6, inclusive. Subdivision Agreement Tract No. 5224 Page 7 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 for 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 Final Map approval. The total fees and charges are more particularly itemized and made a part of this agreement in the attached Exhibit"B." 1. 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. Subdivision Agreement Tract No. 5224 Page 8 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. 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 Subdivision Agreement Tract No. 5224 Page 9 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 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 occur within 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 Subdivision Agreement Tract No. 5224 Page 10 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 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 Subdivision Agreement Tract No. 5224 Page 11 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 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 Subdivision Agreement Tract No. 5224 Page 12 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 or within 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. 5224 Page 13 The parties have executed this Agreement on the day and year first above written. CITY OF FRESNO, SUBDIVIDER a Municipal Corporation De Young Properties 5224 L.P., a California Limited Partnership DAVID D. HEALEY, Director Public Works Department By: Team 5 Properties, Inc., a California Corporation, as General Partner. Michael T. Kim, P.E., Assistant Director Jerry . De Y g, Pres' ent ATTEST: REBECCA E. KUSCR, CMC City Clerk - By, X �'S (Attach Notary Acknowledgment) uty _ APPROVED AS TO FORM: HILDA CANTO MONTOY City Attorney By: L&�; - Deputy ib+ak 0411-05 STATE OF CALIFORNIA, COUNTY OF Fresno } S.S. On April 15, 2005 , before me, Anna M. Renna a Notary Public in and for said County and State, personally appeared Jerry A. De Young personally known to me ( FOR NOTARY SEAL OR STAMP to be the persono) whose name is/afee subscribed to the within ihhstrument and acknowledged to me that he/sbsA#,ey executed the same in his/he~rANNA6. = NA M.RENNA �fP'M f authorized capacity('teej;and that by his/he iheif C- ,` Ci1�41~:S.#1433198 :0 signatureo) on the instrument the person(, or ' . ' NOTARY PURUC COUNTY ORNIA N �. . " ` FRESNO COUNTY the entity upon behalf of which the person(,dj h ;a..� My Cnmm.Exp.Aug.30,2007 acted, executed the instrument. WITNES my h nd and o fic I seal. Signature EXHIBIT A Subdivision Agreement for Tract 5224 A. APPROVED PUBLIC IMPROVEMENT CONSTRUCTION COST ESTIMATES Water System Construction Cost Estimate $283,688 Well Construction Cost Estimate $0 Sewer System Construction Cost Estimate $433,617 Street Construction Cost Estimate 1 $2,565,81411 Final Cost Estimate(for Inspection Fee purposes) $3,283,119 11 483 Landmarks, Monuments, Lot& Block Corners($50/ea) $24,150 Sub-Total (for bonding purposes) $3,307,269 Construction Contingency(10%) $330,727 TOTAL COST ESTIMATE* (for improvement securities purposes) $3,637,996 $3,638,000 *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 $3,456,000 credit 5%of amount shall be in cash or a Certificate of Deposit $182,000 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 $1,819,000 credit 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 $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 $15,700 Minimum amount $24,700 EXHIBIT A v4/28/00 Prepared By: Frank Date: 04/05/05 Print Date:04/05/05 9:56:43 AM Pagel of 1 EXHIBIT B Subdivision Agreement for T- 5224 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED A. MISCELLANEOUS FEES&CHARGES 1. INSPECTION FEE $3 283 119 Final Cost Estimate over$500K F-$1347900 88 ($20,793+4.1%of amount over$500K) Less Inspection Fees paid with Early Sewer/Water Construction Agreement 1 $37,304.001 Less Inspection Fees paid with Early Street Construction Agreement $0.00 Inspection Fee $97 596.88 $97,596.8-81 2. MONUMENT CHECK FEE 180 Lots and Outlots @ $30.00 per Lot $5 400.00 $5,400.00 (Min$200) 3. STREET SIGNS 20 Street Name Sign sets @ $173.00 per set $3 460.00 $3.460.001 16 Waming/Regulatory signs @ $77.00 sign $1 232.00 $1.232-00 4. STREET TREES -�City installed(15-gallon)Street Trees @ $129.00 per Tree na nal 206 Inspection Fee(when planted by subdivider) @ $30.00 per Tree $6 180.00 $6,180.00 Trees by Covenant(Resolution 98-129;2 trees/Lot fronting 50'streets) 5. STAMPED CONCRETE STREET PAVING MAINTENANCE For the continued maintenance& 0 replacement of Stamped Concrete Paving @ $20.00 per SF na na 6. STREET RIGHTS OF WAY ACQUISITION/CONSTRUCTION CHARGE per FMC 11-226(f)(6) Lum Sum Charge as established by Public Works Director na na 7. LANDSCAPE MAINTENANCE DISTRICT FEES(CFD-2) 177 Lots(anticipated maintenance cost) @ $1 273.05 per Lot $225 329.85 Lum Sum Other maintained features Incidental expenses: legal fees,publications,mailings, Lum Sum engineering,assessment district proceedings $3 500.00 Lum Sum Landscape area Field Inspection Fee-Parks @ $305.00 LS $305.00 Total $229134.85 $229134.85 $1 283.00 Estimated assessment per Lot(information only) 8. IRRIGATION PIPELINE(one-time maintenance fee) Lineal Feet @ $5.00 per LF na na 9. URBAN RESERVE 41 CORRIDOR NEXUS STUDY CONTRIBUTION Freeway 41/Friant Road/Hemdon Corridor 0.0000 Adjusted Gross Acres @ $250.00 per AG Ac $0.00 $0.00 TOTAL MISCELLANEOUS FEES&CHARGES $343,003.73 $343,003.73 EXHIBIT B v11/01/01 Printed 04/11/05 2:41:47 PM Page 1 of 4 EXHIBIT B Subdivision Agreement for T- 5224 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED B. IMPACT FEES CONSTRUCTION CREDITS&FEES TO BE DEFERRED 54.3589 Gross Acres 45.3006 Adjusted Gross Acres(AG Ac); excludes Area of Arterial&Collector Streets 177 Units(residential) R-1 Zoning u m Input"ugm"if within the Urban Growth Management Area or"no" 1. LOCAL DRAINAGE FEES EM FMFCD Drainage Area 54.3608 Acres per FMFCD @ $6 480 per Acre $352 258.00 Less estimated Construction Costs $132 200.00 Local Drainage Fee $220,058.00 $220 058.00 2. SEWER CONNECTION CHARGES (a)Lateral Sewer Charge Frontage: W.Barstow Avenue 138 000 SF Frontage:IN.Bryan Avenue 12 000 SF Total Square Feet 150 000 SF 150 000 SF; sub-total Lateral Sewer Charge @ $0.10 per SF $15 000.00 Less estimated Lateral Sewer Charge Credits Lateral Sewer Charge $15 000.00 $856.76 F $14 143.24 Fee Due for Lots under Early Issuance of Building Permits Agreement (b Oversize Sewer Charge 19 UGM Reimbursement Area Frontage: W.Barstow Avenue 185 620 SF Frontage: N.Bryan Avenue 95 500 SF Total Square Feet 11 281 120 SF 281 120 SF;sub-total Oversize Sewer Charge @ $0.05 per SF $14 056.00 Less estimated Oversize Credits $12 255.00 Less estimated Overdepth Credits $23 309.00 Oversize Sewer Charge $0.00 $0.00 ' Paid wl Credits (c Trunk Sewer Charge Grantland I Trunk Sewer Service Area 177 Units @ $419.00 per Unit $74 163.00 $74,163.001 (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 acity Enhancement Charge Grantland Trunk Sewer Service Area 177 Units @ $0.00 per Unit $0.00 $0.00 EXHIBIT B v11/01/01 Printed 04/11/05 2:41:47 PM Page 2 of 4 EXHIBIT B Subdivision Agreement for T- 5224 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED 3. WATER CONNECTION CHARGES (all Time&Material Charges("Wet-Tie") 2004 0928 Estimate Number 5005 Water Job Number Estimated Deposit(FMC 14-111-f) $31,300.001 $0.001(B3) (B3) Deposit paid with Early Construction Agreement onnection harges 53,130.00 (b1)Service 66 1-1/2"ters MetCe�s to existing services @ $455.00 each existing services @ $330.00 each $$2 730.00 $0.0053,122M $0.00 $$2 730.00 (b2)Landscape Service Connection Charges 5 2"Meters to existing services @ $530.00 each $2 650.00 $2,650.001 (c)Frontage Char e Frontage: W.Barstow Avenue 1 919 LF Frontage:IN.Bryan Avenue 1 212 LF Sub-Total Lineal Feet(full rate) 3,11 LF 3,131 LF; sub-total Frontage Charge(full rate) @ $6.50 per LF $20,351.50 Less estimated Frontage Charge Credits Frontage Charge $20 351.50 $1 162.38 ' $19 189.12 (d)Transmission Grid Main Charge B UGM Reimbursement Area 48.7948 Gross Acres(less Outlots A,B&C) @ $643.00 per Gr Acre $31 375.06 Less Estimated TGM Construction Credits $21 953.00 Transmission Grid Main Charge $9,422.0611 $537.93 " $8 884.13 (e)Transmission Grid Main Bond Debt Service Charge 48.7948 Gross Acres(less Outlots A,B&C) @ $243.00 per Gr Acre $11 857.14 Less Estimated TGM Bond Debt Service Charge Credits Transmission Grid Main Bond Debt Service Charge $11.857.14 $677.1:3]. $11 180.01 ( UGM Water Supply Fee 201s Supply Well Service Area 177 Living Units(residential) @ $407.00 per Unit $72 039.00 Less Estimated UGM Water Supply Fee Construction Credits UGM Water Supply Fee $72 039.00 $72 039.00 ( Well Head Treatment Fee 201 Well Head Treatment Service Area 177 Living Units(residential) @ $0.00 per Unit (h)Recharge Fee 201 Recharge Service Area 177 1 Living Units(residential) @ $0.00 per Unit (ij 1994 Bond Debt Service Fee 201 1994 Bond Debt Service Fee Service Area 177 Living Units(residential) @ $0.00 per Unit EXHIBIT B v11/01/01 Printed 04/11/05 2:41:48 PM Page 3 of 4 Tract No. 5224/UGM P.W. File No. 10713 SUBORDINATION The undersigned as holder of the beneficial interest in and under that certain Deed of Trust recorded on De ce v-bp*.r Zz , 20 o 4 , in the office of the Fresno County Recorder, as Document No. 20,04-o7-& S 8 of which the Deed of Trust in, by and between be You^a !?!o peri i e S i:2V L.P + a C4-e4L 'PArJ.r ey--slon , as Trustor, Chicano �: kl� �orr�aar,�_ , as Trustee and CaliCerr, A f3a��c T��.st� Q CoIiCorn;d 8a..K."!4 I'mr-owy-dJ;ah , Beneficiary, hereby expressly subordinates said Deed of Trust and its beneficial interest thereto to the foregoing Subdivision Agreement for the Final Map of Tract No. 5224. DATED: A j2ej i $ , 20o BENEFICIARY By:,zjj % i cl%owak A wd t rw Sr. Y.9. By: (Beneficiary to printftyype Name, Title and attach Notary Acknowledgment) STATE OF CALIFORNIA, COUNTY OF Fresno } S.S. On Aril 18, 2005 before me, Anna M. Renna a Notary Public in and for said County and State, personally appeared Richard Audino personally known to me ( , FOR NOTARY SEAL OR STAMP tire basis to be the personfif whose name(p) is/are ubscribed to the within instrument and acknowledged to me that he/sheAhey executed the same in his/he;Ahslr authorized capacity(iesj, and that by his/hm*heir signatureo) on the instrument the person(pl, orA �.a►K ANNA M.RENNA the entity upon behalf of which the person(al a = COMM.#1433198 eC NOTARY PUBLIC-CALIFORNIA acted, executed the instrument. FRESNO COUNTY My Comm.Exp.Aug.30,2007 WITN SS m ha d offi ' I seal Signatu Finance Control No. City of Fresno Security Deposit Form To: Finance Department -Accounting Division From: Elizabeth Ponce - Public Works Department CD Passbook Other Faithful Performance Bond Deposited At: Developer's Surety And Indemnity Company, P.O. Box 19725, Irvine, CA 92623 Certificate/Acct. No: 567647S Deposit Amount: $3,456,000.00 Maturity Date: Depositor: Name: Deyoung Properties 5224 LP Address: 2109 W. Bullard, Suite 101, Fresno, CA 93711 Street city/State Zip Job Address: T5224 Received : Elizabeth Pence Public Works Date: May 3, 2005 e B y Authorization to Release Signature Date Release To: Name: Address: Street city/State y* Zip be 33 T � 9 $�` '� ��*€g� �4.i+'�� .� Ra M '�'•r���`t ate � �` � 5��.t4 t� ��. ��•�•�`.$�• '�k o.�i'H � .>.�„�'E.�,M, .. $�' :_ 5hwx«i� �'K � � �a` �'. 3cF�,� # ` Ay`� �x;`�>' R {'"� ?y�4�aS, ����:`..�."3��,��R p"E r� � ^Y.,t h�''' dmf#ge .3"' r }*k.-sa`.0�'�E'r t E ��� �' -:1� z�,a'vp �a tf 3 �� � ry,'!G t a �k€ ,��`x 3"x,53 t d � �.�'� •�'` .. }� ',mak` � � �`'� s, r y e� � € ''• "'M r far ��� is_ � � "+�a x``�� {�.,.��:,�x ��. 'k€ � ,� .x }�'#i� i4 y� s� a 't'S� �• ,a� �� WIR Z}t ?�.?.a a ' ' � f r r � `a''a-r sxx# .. i.�, x a •Z k ��� ''i^xt€ €i { S 's � ���'��� �•p�'•����teP� �°'� x'��'� .�wx a��4�����, �� ,�€'x' •� Y� �" a,-� r���,� ���z�.��"'�a�a." xa. t ti �C L p v k s x l t �'x�'i" �_1 'a �`�,x•�,�d. r � ir,� -xa a r��r t'-fi. �•h r i i I Bond Number: 567647s Premium: $31 ,, 104.00 FAITHFUL PERFORMANCE BOND (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and DEYOUNG MPER IES 5224 LP (herein designated as"principal")have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated ted 20 n_, identified as project TRWr NQ 5224 is hereby referred to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and eeSURM ANDMMEMWM , as surety, are held and firmly bound unto the City of Fresno, (hereinafter called "City"), in the penal sum of TMM Mzr *CN FOUR HMMM FIFTY six THOUSAND--- dollars ($ 3 456 000.00 ) 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. L 1 Faithful Performance Bond (Subdivision Agreement) page 2 In witness whereof,this instrument has been duly executed by the principal and surety above named, on APRIL 14 , 20 OS 5224 LP By: By: Principal Address of Surety MVELaWS S'UREL'Y AND EMNM COMPANY P.O. BOAC 19725 By; IR IM, CA 92623 By: CYNTHIA , , A -IN-FACT Surety Acknowledgment by attorney-in-fact must be attached. Bond Form.wpd Revised 05/14/2001 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT State of CALIFORNIA County of FRESNO On APRIL 14,2005 before me, DONNA M.SMITH, NOTARY PUBLIC , Name and Title of Officer(e.g.,'Jane Doe,Notary Public') personally appeared CYNTHIA SAUCEDA Name(s)of Signer(s) ® 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 w.,-..-—- his/her/their authorized capacity(ies), and that by his/her/their DONNA M.SMITH signature(s) on the instrument the person(s), or the entity upon �- COMM. (11563385 behalf of which the person(s) acted,executed the instrument. NOTARY PUBLIC.CALIFORNIA FRESNO COUNTY Nb Cwmm.Expires Apr.19,2009 WITNESS my hand official eal. Signature of Notary Public -------OPnoNAL Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s)Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer ❑ Corporate Officer ❑ Titles(s): ❑ Title(s): ❑ Partner- Limited El General ❑ Partner-❑ Limited ❑ General ® Attorney-in-Fact ❑ Attorney-in-Fact ❑ Trustee ❑ Trustee ❑ Guardian or Conservator ❑ Guardian or Conservator E] Other: Top of Thumb here El Other: Top of Thumb here Signer Is Representing: Signer Is Representing: BD-1133 09/00 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT IN State of County of c�t��^ OnA940 5 before me, AA-e Date Name and Title of Officer(e.g.,"Jane Doe,Notary Public") personally appeared __Q,_ZA3_tt & — I IV V Name( of Signer(s) personally known to me–OR–❑proved to me on the basis of satisfactory evidence to be the person(} whose name(s) is/afe-subscribed to the within instrument and acknowledged to me that he/94e41:ey executed the same in his/haWthek authorized capacity(iee),and that by his/he#4Mir signature(e)on the instrument the person(a), �N– POE or the entity upon behalf of which the person(s) acted, Cowani D 01 executed the instrument. NNNY pwft-canwris Fr*M4p WITNESS my hand and official seal. My Comm.Expires Nov 8,2005 Signature of Notary Public OPTIONAL Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer ❑ Corporate Officer Title(s): Title(s): ❑ Partner—❑ Limited ❑ General ❑ Partner—❑ Limited ❑ General ❑ Attorney-in-Fact ❑ Attorney-in-Fact ❑ Trustee _ ❑ Trustee ❑ Guardian or Conservator •- ❑ Guardian or Conservator ❑ Other: Top of thumb here ❑ Other: Top of thumb here Signer Is Representing: Signer Is Representing: 0 1994 National Notary Association-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Prod.No.5907 Reorder:Call Toll-Free 1-800 878 6827 POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO BOX 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL MEN BY THESE PRESENTS,that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each,hereby make,constitute and appoint: ***Wayne Lamb, Mark E. Smith, Cynthia Sauceda, Donna M. Smith,jointly or severally*** as their true and lawful Attomey(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attomcy(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attomey(s)-in-Fact,pursuant to these presents,arc hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of November 1,2000: RESOLVED,that the Chairman of the Board,the President and any Vice President of the corporation be,and that each of them hereby is,authorized to execute Powers of Attorney,qualifying the attorney(s)named in the Powers of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective Executive Vice President and attested by their respective Secretary this I st day of February,2005. By. �.��.(.AND��'••,�. �MPANYp.� David H.Rhodes,Executive Vicc-Presidcnt �yJ�4�EtPORgrFgjy;,I PO .1 5 OCT. 5< = OCT.5 TO :wi 10 W 1967 X 1936 6= By. '0�7'•............../ P •'da o� �g41FOP�\P a2 Walter A.Crowell,Secretary , STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) —Aix On February 1,2005,before me,Nita G.Hiffineyer,personally appeared David H.Rhodes and Walter A.Crowell,personally known to me(or proved to me on the basis of satisfactory evidence)to be the persons whose names arc 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. NITA 0.HIFFMEYER COMM.M 154.3481 NOTARY PUBIJC CALIFORNIA ORANQE COUNTY Signature U Polyeomm.®tplr�Ian.10,2009 CERTIFICATE The undersigned,as Executive Vice-Presidcnt,of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked,and furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney,are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,thcl 4TH day of APRIL 2005 By C ` ' — David L.Kerrigan,Executive Vice-Presidcnt ID-1380(Rev.2/05) r Finance Control No. City of Fresno Security Deposit Form To: Finance Department-Accounting Division From: Elizabeth Ponce - Public Works Department CD Passbook Other Subdivider's Payment Bond Deposited At: Developer's Surety And Indemnity Company, P.O. Box 19725, Irvine, CA 92623 Certificate/Acct. No: 567647S Deposit Amount: $1,819,000.00 Maturity Date: Depositor: Name: Deyoung Properties 5224 LP Address: 2109 W. Bullard, Suite 101, Fresno, CA 93711 street City/State Zip Job Address: T5224 Received By: Elizabeo onw'�, Public Works Date: May 3, 2005 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip RRI �� sa t A 01"I �Aa , AiPl r Bond Number: 5676475 Premium: Included in perf bond SUBQIVIDER'S PAYMENT °BOND` (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and (hereinafternEM PROPER= S774 LP designated as"principal")have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated ted , 20 o identified as project TxAcr No 224 ' is hereby referred to and made a part hereof; and, WHEREAS, under the terms of said agreement, principal is required before entering upon the performance of the work, to egood e ence ssmalde nn Title 15 (commencing with t payment bond with the City of Fresno to secure the claims to which Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. NOW,THEREFORE, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Fresno and all contractors, subcontractors, laborers, material men and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Code of Civil Procedure in the sum of dollars CNE MILLICN EICHr HU DM NINEEEM THMSANm--- ($ 1,819,000.00 ), 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. f f Subdivider's payment Bond (Subdivision Agreement) Page 2 in witness whereof,this instrument has been duly executed by the principal and surety above 20 named, on npRTTJ 14 M_- DEW= pROPERIZES 5224 LP By. By: �E� Principal Address of Surety D�EVEGOPFRS SURMY AND IN1EMTiITY COMPANY P.O. BOAC 19725 IRVIIjE, CA 92623 By: By: CYNTHIA LDA AT UM-IN-FACT Surety Acknowledgment by attorney-in-fact must be attached. Bond Form.wPd Revised 05/14/2001 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT State of CALIFORNIA County of FRESNO On APRIL 14,2005 before me, DONNA M SMITH, NOTARY PUBLIC Name and Title of Officer(e.g.,'Jane Doe,Notary Public) personally appeared CYNTHIA SAUCEDA ' Name(s)of Signers) ® 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 DONNA M SM;TfN signature(s) on the instrument the person(s), or the entity upon COMM. #1563385 behalf of which the person(s) acted,executed the jnstrument. • NOTMf�SNO COUNTY-CALIFORNIA.. NN Comm.Expires APr. 19.2009 WITNESS my hand a d official seal. signature of Notary Public OPTIONAL Though the information below is not required by law,ft may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s)Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer ❑ Corporate Officer ❑ Titles(s): ❑ Title(s): ❑ Partner- Limited General ❑ Partner-❑ Limited ❑ General ® Attorney-in-Fact ❑ Attorney-in-Fact ❑ Trustee ❑ Trustee ❑ Guardian or Conservator ❑ Guardian or Conservator Top of Thumb here ❑ Other: Top of Thumb here ❑ Other: Signer Is Representing: Signer Is Representing: BD-1133 09/00 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of • _e✓ County of On / '� before me, Date Name and Title of Officer(e.g.,-Jane Dot,Notary Public') personally appeared-:qa� t6t N (s)of Signers) Personally known to me–OR–❑proved to me on the basis of satisfactory evidence to be the persons) whose name(s) is/efe-subscribed to the within instrument and acknowledged to me that hekAa4Mt executed the same in his/;e##ieW authorized capacity(ies),and that by IDEBRENDAC POE his/tae4hek signatures)on the instrument the person(s), �� or the entity upon behalf of which the person(a) acted, A r pupye. executed the instrument. Fn mw County ntu.Expires Nov 8,2005 WITNESS my hand and official seal. Signature of Notary Public OPTIONAL Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer ❑ Corporate Officer Title(s): Title(s): ❑ Partner—❑ Limited ❑ General ❑ Partner—❑ Limited ❑ General ❑ Attorney-in-Fact ❑ Attorney-in-Fact ❑ Trustee _ ❑ Trustee ❑ Guardian or Conservator ❑ Guardian or Conservator - - ❑ Other: Top of thumb here ❑ Other: Top of thumb here Signer Is Representing: Signer Is Representing: Reorder:Call Toll-Free 1-800-876-6827 ®1994 National Notary Association-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Prod.No.5907 POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO BOX 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL MEN BY THESE PRESENTS,that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each,hereby make,constitute and appoint: ***Wayne Lamb, Mark E. Smith, Cynthia Sauceda, Donna M. Smith,jointly or severally*** as their true and lawful Attomey(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attorcy(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attomey(s)-in-Fact,pursuant to these presents,arc hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of November 1,2000: RESOLVED,that the Chairman of the Board,the President and any Vice President of the corporation be,and that each of them hereby is,authorized to execute Powers of Attorney,qualifying the attorncy(s)named in the Powers of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective Executive Vice President and attested by their respective Secretary this 1 st day of February,2005. C i" By: �,•���'AND �A;O.,,� N,PANyO David H.Rhodes,Executive Vice-President Q� . GG PPOq �pP Or� e ? OCT. `:< z = OCT.5 us 10 c n e W 1967 mo� 1936 :o: o C,, IP 2 By: d Walter A.Crowell,Secretary %�`�70,./OW p..,*aa�.�� 2 </FO P STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) On February I,2005,before me,Nita G.Hiffmcyer,personally appeared David H.Rhodes and Walter A.Crowell,personally known to me(or proved to me on the basis of satisfactory evidence)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. LOANITA G.HIFFMEYER COMM. 1543481 NOTARYPUBLIU C CALIFORNIA Signature - 01 NTY My a#resJJaan 10,2009 CERTIFICATE The undersigned,as Executive Vice-President,of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked,and furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney,are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,the 1 4THday of APRIL 2005 B Y David L.Kerrigan,Executive Vice-President T ID-1380(Rev.2/05) 4G� Irlsc%ICO p � o DISCLOSURE RIDER Terrorism Risk Insurance Act of 2002 The Terrorism Risk Insurance Act of 2002 created a three-year program under which the Federal Government will share in the payment of covered losses caused by certain events of international terrorism. The Act requires that we notify you of certain components of the Act,and the effect,if any,the Act will have on the premium charged for this bond. Under this program, the Federal Government will cover 90% of the amount of covered losses caused by certified acts of terrorism,as defined by the Act. The coverage is available only when aggregate losses resulting from a certified act of terrorism exceed$5,000,000.00. Insurance carriers must also meet a variable deductible established by the Act. The Act also establishes a cap of$100 billion for which the Federal Government or an insurer can be responsible. Participation in the program is mandatory for specified lines of property and casualty insurance, including surety insurance. The Act does not, however, create coverage in excess of the amount of the bond,nor does it provide coverage for any losses that are otherwise excluded by the terms of the bond,or by operation of law. No additional premium has been charged for the terrorism coverage required by the Act. Developers Surety and Indemnity Company Indemnity Company of California 17780 Fitch,Suite 200 Irvine,CA 92614 (949)263 3300 www.inswDico.com ID-1498(Rev.6103)