HomeMy WebLinkAboutT-5260 - Agreement/Covenant - 3/8/2005 City of
PUBLIC WORKS DEPARTMENT
2600 Fresno Street
Fresno, California 93721-3616
(559) 621-8650
P.W. File No. 10649
SUBDIVISION AGREEMENT FOR TRACT NO. 5260,
PHASE 3 OF VESTING TENTATIVE MAP NO. 4903/UGM
2 •
Subdivision Agreement
Tract No. 5260
Page 2
THIS AGREEMENT is made this 1�1 ` day of Au4A-�-- ,2004,
by and between the City of Fresno, a Municipal Corporation, hereinafter designated and called
the "City," and COPPER / MAPLE NO. 2, INC., a California Corporation, 1175 West Shaw
Avenue, 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. 5260 (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.4906/UGM
i•
Subdivision Agreement
Tract No. 5260
Page 3
dated December 5,2001 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 August 31, 2006, 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 August 31, 2008, (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
r
Subdivision Agreement
Tract No. 5260
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 and/or the "Statement of Covenants Affecting Land
Development to Plant and Maintain Front Yard Trees for Tract No. 5260,"
per Resolution No. 98-129 requirements for 50 and 54-foot local street
patterns.
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 Subdividers 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
Subdivision Agreement
Tract No. 5260
Page 5
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
"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 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. 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
Subdivision Agreement
Tract No. 5260
Page 6
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
(7)days from the time said basins become operational,oras 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 fencing/walls, 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 and irrigation systems within certain landscape easement area by agreeing
to annex the Subdivision into the City's Community Facilities District No. 2 (CFD-2) and
agreeing to maintain such landscaping and irrigation systems 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 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 :
a. City Drawing Nos:[10-C-8598 through 10C-8605with WaterJob No.
4967 (8 sheets) inclusive, 15-C-11821 through 15-C-11829 (9 sheets) inclusive,
Drawing No. 4-C-782 (1 sheets) inclusive], unless specifically omitted herein.
b. Fresno Metropolitan Flood Control District Drawing Nos: [DE-10-1
through DE-10-4] inclusive, unless specifically omitted herein.
Subdivision Agreement
Tract No. 5260
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/or execute 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."
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.
,I' Y
Subdivision Agreement
Tract No. 5260
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.
Subdivision Agreement
Tract No. 5260
Page 9
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
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
dv
Subdivision Agreement
Tract No. 5260
Page 10
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
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
a__--
Subdivision Agreement
Tract No. 5260
Page 11
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
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,
Subdivision Agreement
Tract No. 5260
Page 12
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 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. 5260
Page 13
The parties have executed this Agreement on the day and year first above written.
CITY OF FRESNO, SUBDIVIDER
a Municipal Corporation
COPPER/MAPLE NO.2, INC.
PUBLIC WORKS DEPARTMENT a California Corporation
By: �9 <��
Michael T. Kim, Pt., Director By:
Robert A. McCaffrey, President
ATTEST:
REBECCA E. KLISCH, CMC
CITY CLERK By:
;1'6�avid Clabattari, Chief Operating Officer
By •
Deputy (Fr4o 04 J
(Attach Notary Acknowledgment)
APPROVED AS TO FORM:
HILDA CANTO MONTOY
City Attorney
By:
De ty
FORM Subdivision Agreement v10-03-03
LR JUNE 19,2004
STATE OF CALIFORNIA )
SS.
COUNTY OF FRESNO )
On July 17, 2004, before me, the undersigned, a Notary Public for the State
of California, personally appeared,Robert A. McCaffrey and David Ciabattari,
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
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s)
or the entity(ies) on behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Notary Public 1�4e
L.S. My Commission E fres: a uy 21, 2007
MICHELE L. HOGAN
CommlWon# 1395535
Notary K bk - CcOornl0
Fresno County
Comm.E)VkwJon21,2007
EXHIBIT A Subdivision Agreement for Tract 5260
A. APPROVED PUBLIC IMPROVEMENT CONSTRUCTION COST ESTIMATES
Water System Construction Cost Estimate $162,049
Well Construction Cost Estimate $0
Sewer System Construction Cost Estimate $127,646
Street Construction Cost Estimate $1,021,016
Final Cost Estimate(for Inspection Fee purposes) $1,310,71111
192 Landmarks, Monuments, Lot& Block Corners($50/ea) $9,600
Sub-Total (for bonding purposes) $1,320,311
Construction Contingency(10%) $132,031_
TOTAL COST ESTIMATE*
(for improvement securities purposes) $1,452,342 $1,452,000
*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 $1,379,000
5%of amount shall be in cash or a Certificate of Deposit 1 $73,000
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 $726,000
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 $4,800
Minimum amount $13,800
EXHIBIT A v4/28/00 Prepared By: Frank Date: 06/30/04 Print Date:06/30/04 9:44:36 AM Page 1�of 1/
�Lf�
EXHIBIT B Subdivision Agreement for T- 5260
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>$10K<$500K na
($4836+3.25%of amount over$1 OK)
$1 310 711 Final Cost Estimate over$500K $54 032.15
($20,793+4.1%of amount over$500K)
Less Inspection Fees paid with Early
Sewer/Water Construction Agreement $22 264.00
Less Inspection Fees paid with Early Street
Construction Agreement
Inspection Fee $31,7f) .1 $31 768.15
2. MONUMENT CHECK FEE
60 Lots and Outlots @ $30.00 per Lot 1,800.00 $1,800.00
(Min$200)
3. STREET SIGNS
10 Street Name Sign sets @ $173.00 per set $1 730.00 $1 730.00
07 Waming/Regulatory signs @ $77.00 sign $539.00 $539.00
4.STREET TREES
13 City installed(15-gallon)Street Trees @ $129.00 per Tree $1 677.00 $1,677.001
OInspection Fee(when planted by subdivider) @ $30.00 per Tree na nal
120 Trees by Covenant(Resolution 98-129;2 trees/Lot fronting 50'streets)
S. STREET RIGHTS OF WAY ACQUISITION/CONSTRUCTION CHARGE per FMC 11-226(f)(8
Lum Sum Charge as established by Public Works Director na nal
6. LANDSCAPE MAINTENANCE DISTRICT FEES(CFD-2)
60 Lots(anticipated maintenance cost) @ $252.89 per Lot $15,173.40
Lum Sum Other maintained features $3 020.00
FLots(Incidental expenses:legal fees, per Lot
publications,mailings,engineering, ($1,500
60 assessment district proceedings @ $0.00 min) $2 300.00
Lum Sum Landscape area Field Inspection Fee-Parks @ $305.00 LS $305.00
Total $20 798.40 $20,798.40
$512.32 Estimated assessment per Lot(information only)
7. IRRIGATION PIPELINE(one-time maintenance fee)
OLineal Feet @ $5.00 per LF na nal
a. URBAN RESERVE 41 CORRIDOR NEXUS STUDY CONTRIBUTION
Freeway 41/Friant Road/Hemdon Corridor
24.3327 Adjusted Gross Acres @ $250.00 per AG Ac $8 083.18 $6,083.18
TOTAL MISCELLANEOUS FEES 8 CHARGES $64,395.73 $64,395.73
EXHIBIT 8 v11/01/01 Printed 07/16/04 11:23:25 AM Page 1 of 4
EXHIBIT B Subdivision Agreement for T- 5260
NETAMOUNT AMOUNT
EXTENSION DUE DEFERRED
B. IMPACT FEES,CONSTRUCTION CREDITS&FEES TO BE DEFERRED
24.3327 Gross Acres
22.3885 Adjusted Gross Acres(AG Ac); excludes Area of Arterial$Collector Streets
60 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 $0.001 $0.00 (B1)
(B1)All or portion of fee obligation satisfied pursuant to FMFCD agreement.
2. SEWER CONNECTION CHARGES
(a)Lateral Sewer Charge
0 SF; sub-total Lateral Sewer Charge @ $0.10 per SF $0.00 $0.00
Fee Due for Lots under Early Issuance of Building Permits Agreement
(b)Oversize Sewer Charge
43 1 UGM Reimbursement Area
Frontage: I E.Copper Avenue 95 157 SF
Total Square Feet I 95,157ISF
95 157 SF;sub-total Oversize Sewer Charge @ $0.05 per SF $4 757.85
Less estimated Oversize Credits F 1 708.00
Less estimated Overdepth Credits $8 199.00
Oversize Sewer Charge 0-70-01 JPaid w/Credits Paid w/Credits
(c)Trunk Sewer Charge
Hemdon Trunk Sewer Service Area
60 Units @ $496.00 per Unit 29 60.00 $29,760.00
(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 Capacity Enhancement Charge
Hemdon I Trunk Sewer Service Area
601 Units @ $874.00 per Unit 52 440.001 $52,440.00
Copper Avenue Sewer Lift Station Benefit Service Area Charge
(
601 Units @ 1 $650.00 per Unit ria
( Fowler Trunk Sewer Interim Fee Surety
lUnits @ $1000.00 per Unit ria
3. WATER CONNECTION CHARGES
(a)Time&Material Charges("Wet-Tie")
1200402 1
0040211 Estimate Number
4967 Water Job Number
Estimated Deposit(FMC 14-111-f) 1 $13,000-701 1 $0.00 (B3)
(B3) Deposit paid with Early Construction Agreement
(b1)Service Connection Charges
33 1"Meters to existing services @ $320.00 each $10,560001 $0.00 1 $10,560.00
27 1-1/2"Meters to existing services @ $470.00 each 12 6 0.0 $0.00 $12 690.00
EXHIBIT B v11101/01 Printed 07/16/04 11:23:25 AM Page 2 of 4
V '
EXHIBIT B Subdivision Agreement for T- 5260
NET AMOUNT AMOUNT
EXTENSION DUE DEFERRED
(b2)Landscape Service Connection Charges
1 2"Meters to existing services @ $620.00 each 620.00 $620.00
(c)Frontage Charge
0 LF; sub-total Frontage Charge(full rate) @ $6.50 per LF na
(d)Transmission Grid Main Charge
A UGM Reimbursement Area
24.3327 Gross Acres @ $560.00 per Gr Acre $13 626.31
Less Estimated TGM Construction Credits $48 863.00
Transmission Grid Main Charge $0.001 Paid w/Credits Paid w/Credits
(e)Transmission Grid Main Bond Debt Service Charge
24.3327 Gross Acres @ $243.00 per Gr Acre $5 912.85
Less Estimated TGM Bond Debt Service Charge Credits
Transmission Grid Main Bond Debt Service Charge $5,912.851 1 $0.E0:1 $5 912.85
( UGM Water Supply Fee
101s Supply Well Service Area
60 Living Units(residential) @ $397.00 per Unit $23 820.00
Less Estimated UGM Water Supply Fee Construction Credits
UGM Water Supply Fee 23 8 0.00 $23,820.00
( Well Head Treatment Fee
101 Well Head Treatment Service Area
601 Living Units(residential) @ $0.00 per Unit $0.00 $0.00
(h)Recharge Fee
1611 Recharge Service Area
60 1 Living Units(residential) @ 0.00 per Unit $0.00 $0.00
(i)1994 Bond Debt Service Fee
101 1994 Bond Debt Service Fee Service Area
60 Living Units(residential) @ $895.00 per Unit $53 700.00 $0.00
Less Estimated 1994 Bond Debt Service Fee Construction Credits
1994 Bond Debt Service Fee 3,70_M. $0.00 $53,700.00
4. URBAN GROWTH MANAGEMENT(UGM)FEES&CONSTRUCTION CREDITS
(a UG�STATION FEE
21 Fire Station Service Area
24.3327 Gross Acres @ $1,388.00 per Gr Acre $33,773.79 $0.00 $33,773.79
(b)UGM NEIGHBORHOOD PARK FEE
7 Neighborhood Park Service Area
24.3327 Gross Acres @ $1 890.00 per Gr Acre $41,122.26 $0.00 $41,122.261
(c UGM MAJOR STREET CHARGE
F Major Street Zone
22.3885 Adjusted Gross Acres @ $2 500.00 per AG Ac $55 971.25
Less Estimated Major Street Charge Construction Credits $182 803.00
Major Street Charge 0.00 $0,00 Paid w/Credits
EXHIBIT B v11/01/01 Printed 07/18/04 11:23:25 AM Page 3 of 44
V
EXHIBIT B Subdivision Agreement for T- 5260
NET AMOUNT AMOUNT
EXTENSION DUE DEFERRED
(d UG�R STREET BRIDGE CHARGE
F Major Street Bridge Zone
22.3885 Adjusted Gross Acres @ $50.00 per AG Ac $1 119.43
Less Estimated Major Street Bridge Charge Construction Credits
Major Street Bridge Charge1 119.43 1 $0.00 $1,119.43
(e)UGM TRAFFIC SIGNAL CHARGE
22.3885 Adjusted Gross Acres @ $860.00 per AG Ac $19 254.11
Less Estimated Traffic Signal Charge Construction Credits
Traffic Signal Charge $19,254.111 1 $0.00 $19,254.11
( UGE SEPARATION CHARGE
Grade Separation Service Area
22.3885 Adjusted Gross Acres @ $0.00 per AG Ac na
( UGM TRUNK SEWER FEE
Trunk Sewer Service Area
22.3885 Adjusted Gross Acres @ $0.00 per AG Ac na
(h OVERLAY EWER SERVICE AREA
Millbrook Overlay Service Area
22.3885 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
80 Residential Living Units @ $85.00 per Unit
Total Impact Fees&Charges $297,772.44 $106,640.00 $178,132.441
Note: EXTENSION total includes net results of construction credits
SUMMARY
TOTAL(A) MISCELLANEOUS FEES&CHARGES 1 $64,395.73
TOTAL(B) IMPACT FEES&CHARGES $106,640.00 $178,132.44
TOTAL SUBDIVISION FEES and CHARGES DUE WITH AGREEMENT cash $171,035.731
EXHIBIT B 01/01/01 Pnnted 07/16/04 11:23:25 AM Page 4 of 4
C----
Bond Number: 566751S
Premium: included in perf bon
USDNI (DEWS PAYMENT BOND.. :
(Subdivision Agreement)
WHEREAS, the City Council of the City of Fresno, State of California, and
COPPER/MAPLE NO. 2, INC. (hereinafter
designated as"principal")have entered into an agreement whereby principal agrees to install
and complete certain designated public improvements, which said agreement, dated
, 2004 and
identified as project TRACT No. 5260 ,
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
SEVEN HUNDRED TPlEWY SIX THOUSAND--- dollars
($726,000.00 ), 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.
` 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 JULY 9 , 2004
COPPER/MAPLE NO. 2, INC.
By:- �-�—
By:
Principal
Address of Surety
P.O. BOX 19725DEVELOP AND TY COMPANY
IRVINE, CA 92623 By: A5el--
- 1
By:._ WAW��/AYMENEY+IN
Surety Acknowledgment by attorney-in-fact must be attached.
Bond Form.wpd
Revised 05/14/2001
STATE OF CALIFORNIA )
SS.
COUNTY OF FRESNO )
On July 17, 2004, before me, the undersigned, a Notary Public for the State
of California, personally appeared, Robert A. McCaffrey and David Ciabattari,
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
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s)
or the entity(ies) on behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Notary Public
L.S. My Commission E fres: anuar 21 2 0
MICHELE L. HOGAN
Commission# 1395535
Notary PubNc - California
Fresno County
My Comm.Expires Jan 21,2007
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
State of CALIFORNIA
County of FRESNO
On JULY 9,2004 before me, CYNTHIA SAUCEDA, NOTARY PUBLIC ,
Name and Title of Officer(e.g.,'Jane Doe,Notary Public')
personally appeared WAYNE LAMB
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
"`'•f CYNTHIA SAUCEDA his/her/their authorized capacity(ies), and that by his/her/their
'J COMM.#1474102 to signature(s) on the instrument the person(s), or the entity upon
rn -
NOTARY PUBLIC-CALIFORNIA y behalf of which the person(s) acted, executed the instrument.
,� �• FRESNO COUNTY a►
My Comm.Exp.March 2,2008
7NAuua(EISS my band and I ial seal.
ignature 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
❑ Titles(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:
EID-1133 09/00
I
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 TIIESE 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 Attorney(s)-in-Fact,to make,execute,deliver and acknowledge.fix and on behalf of said corporations,as sureties,bonds,undertakings
and contracts of suretyship giving and granting unto said Altorney(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•hilt reserving to each of said corporations full power of Substitution and revoC Ilion,and
all of the acts of said Attorney(s)-in-Fact,pursuant to these presents.are 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:
R ESOLV ED,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
CxecUle Powers of Attorney,qualifying the attorney(s)named in the Powers of Attorney to CxeeUIC,on behalf of the Corporations,bonds,Undertakings and contracts
of suretyship;and that the Secretary or any Assistant Secretary of the Corporations he,and each of them hereby is,authorized to attest the execution of any Such
Power of Attorney;
RESOLVED, FURTIIER,that the signatures Of Such OftiCCrS may be affixed to any Such Power ofAttorncy Or to any Certificate relating thereto by
fICSimilC,and any Such POwer of Attorney or Certificate hearing such facsimile SignefturS shall he Villid 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 October,2003.
By: .���� AND.j�;O, ?ANY
M
David H.Rhodes.Executive Vice-President O P R
G
?yJQ ORglFF�,y ti GO PO ATF 9`
OCT. OCT.5
:UJ 10 Enc W 1967
By: ��; 19 36 P
a �� 2
Walter A.Crowell.Secretary q • /0W p d 2 ��/FOP d
..r•........,••••
STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
On October I,2003,before me,Diane J. Kawata,personally appeared David H. Rhodes and Walter A.Crowell,personally known to me(or proved to
nu on the basis of satisfactory evidence)to he the persons whose names are SUhscrihcd to the within instrument and acknowledged to me that they executed the
same in their authorized Capacities,and that by their Signahu•CS on the instrument the entity upon behalf of which the persons acted,executed the instrument.
WITNESS lily hand and official seal. �� --—DIANE J.
G },�u' COMM.N 1334746
Notary Public - California
^Jl 3: ORANGE COUNTY
SIgllallll'e
My Comm.Expires JAN.8,2006
CERTIFICATE
The undersigned.as Senior Vice-President,Underwriting of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY
OF CALIFORNIA,does hereby certify that the foregoing Power ofAltorney 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,thc9TH day of JULY 2004
By
Wesley W.Cowling enior Vice-President,Underwri I c
I D-1390(Rev. 10/03)
Insc(b1co
C9 o p
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
$1,000,000,000.00 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
Irvine,CA 92614
(949)263 3300
www.inscodico.com
Bond Number: 5 6 6 7 51 s
Premium: $12,411 for a two
year term subiect to renews
C. CID
(Subdivision Agreement)
WHEREAS, the City Council of the City of Fresno, State of California, and
COPPER/MAPLE NO. 2, INC. (herein
designated as"principal")have entered into an agreement whereby principal agrees to install
and complete certain designated public improvements, which said agreement, dated
2%L_, and
identified as project TRACT NO. 5260
is hereby referred to and made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement to furnish a
bond for the faithful performance of said agreement.
NOW, THEREFORE, we, the principal and ��PERS SURM Arm zNDEMITY , as
surety, are held and firmly bound unto the City of Fresno, (hereinafter called "City"), in the
penal sum of ONE MILLION THREE HUNDRED SEVENTY NINE THOUSAND---
dollars ($ 1 ,379,000.00 ) 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'
Faithful Performance Bond
(Subdivision Agreement)
Page 2
In witness whereof,this instrument has been duly executed by the principal and surety above
named, on JULY 9
COPPER/MAPLE NO. 2, INC.
By:
By:
Principal
Address of Surety DEVELOP ITY COMPANY
P.O. BOX 19725 -�/�uw z A
By: ca
IRVINE, CA 92623 A , -FACT
By:
Surety Acknowledgment by attorney-in-fact must be attached.
Bond Form.wpd
Revised 05/14/2001
or
STATE OF CALIFORNIA )
SS.
COUNTY OF FRESNO )
On July 17, 2004, before me, the undersigned, a Notary Public for the State
of California, personally appeared, Robert A. McCaffrey and David Ciabattari,
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
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s)
or the entity(ies) on behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Notary Public
L.S. My Commission Aires: anuary 21, 2607
MICHELE L. HOGAN
Commisslon# 1395535
Notary Public - CaNfomlo
Fresno County
My Comm.Eoes Jan 21.2007
1
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
State of CALIFORNIA
County of FRESNO
On JULY 9,2004 before me, CYNTHIA SAUCEDA, NOTARY PUBLIC ,
Name and Title of Officer(e.g.,'Jane Doe,Notary Public')
personally appeared WAYNE LAMB
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
CYNTHIA SAUCEDA his/her/their authorized capacity(ies), and that by his/her/their
COMM.#1474102 M signature(s) on the instrument the person(s), or the entity upon
s NOTARYPUBLIC-CALIFORNIA to behalf of which the person(s) acted,executed the instrument.
FRESNO COUNTY
MY gemm:Eitp:Mirth 212008
mmoffi
u otary Pub is
------- 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
❑ Titles(s): ❑ Title(s):
❑ Partner-El Limited El General ❑ Partner-❑ Limited ❑ General
® Attorney-in-Fact ❑ Attorney-in-Fact
❑ TrusteeElTrustee
❑ Guardian or Conservator -- ❑ Guardian or Conservator
❑ Other: Top of Thumb here ❑ Other: Top of Thumb here
Signer Is Representing: Signer Is Representing:
L
09/00
POWER OF ATTORNEY FOR
DEVELOPERS SURETY AND INDEMNITY COMPANY
INDEMNITY COMPANY OF CALIFORNIA
PO BOX 19725.IRVINE.CA 91-623 1949)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 Attorneys)-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 Altorney(s)-in-Fact full power anti authority to do and to perform every-.let necessary,requisite or proper
to he done in connection therewith as each of said corporations could do.but reserving 10 each of said corporations full power of substitution and revocation,and
all of the acts of said Attorneys)-in-Fact,pursuant to these presents.are 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 or 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 orally Assistant Secretary of the corporations be.and each of thein hereby is,authorized to attest the execution of any such
Power of Attorney;
RESOLVED. FU RTI IER.that the signatures of such officers may he affixed to any Such Power ofAttorncy or to any certificate relating thereto by
facsimile.and any Such Power of Attorney or certificate bearing Such facsimile signatures shall he 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 Ist day of October,2003.
By: ,••�.��AND
David H.Rhodes,Executive Vice-President14 O F' O e
R q �+
yJQ`OS?0Rgr•..�iy tiG Ft7
'Cc OCT. F OCT.5 T
y 10 en W 1967 a
By;
1936
Walter A.Crowell.Secretary '•7�'•. /OW P 'fid�r /FOP
STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
On October I,2003,before file,Diane.I.Kawata,personally appeared David H. Rhodes and Walter A.Crowell,personally known to file(or proved to
fine on the basis of satisfactory evidence)to be the persons whose names are subscribed to the within instrument and acknowledged to file 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. Y� DIANE J.KAWATA
G COMM.K 1334746 t
� .. Notary Public - California
��� - ORANGE COUNTY �
Signature L My Comm.Expires JAN.8,2006 +
CERTIFICATE
The undersigned,as Senior Vice-President.Underwriting 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 ofsaid corporations set forth in the Power of Attorney,are in force as orthe date of this Certificate.
This Certificate is executed in the City of Irvine,California,the 9TH clay of JLTL.V 9004
By t� —
Wesley W.Cowling enior Vice-President,Underwri r g
ID-I380(Rev, 10/03)
1
insab.
/ j .�0
(9 ��
IDIP
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
$1,000,000,000.00 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
Irvine,CA 92614
(949)263 3300
www.inscodico.com