CC - Item 4I - Release of Bond - Tract Map No. 82875 at 3133 Willard AvenueROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: BEN KIM, CITY MANAGER
DATE: JUNE 13, 2023
SUBJECT: RELEASE OF BOND — TRACT MAP NO. 82875 (3133 WILLARD
AVENUE)
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A Faithful Performance Bond and a Labor and Material Bond were included as Conditions of
Approval for Tract Map No. 82875 located at 3133 Willard Avenue to ensure the completion of
required public works improvements The public works improvements consisted of the construction
of a new driveway, sidewalk, curb ramps, curb and gutter, AC street pavement, and extension of
the sewer main. The developer provided the required bonds in the amount of $23,000 for each
bond. Since the work has been completed to the satisfaction of the Public Works Department, it is
recommended that the bonds be released to the developer.
ANALYSIS
In accordance with the Conditions of Approval for Tentative Tract Map No. 82875, approved by
the Rosemead Planning Commission, the developer was required to construct a new driveway,
sidewalk, curb ramps, curb and gutter, AC street pavement, and extension of the sewer main, prior
to recordation of the final tract map. Since the public works improvements were not constructed
prior to the recordation of the final map, the subdivider was required to execute an undertaking
agreement and provide a Faithful Performance and Labor and Materials Bond in an amount
approved by the City Engineer to ensure the completion of the public improvements.
On September 7, 2021, the developer executed an Undertaking Agreement (Attachment A) to
guarantee the completion of the public improvements at 3133 Willard Avenue. Olson Urban III —
Rosemead 1, LLC provided a Faithful Performance and Labor and Materials Bonds in the amount
of $23,000 for each bond. The required public works improvements have been completed to the
satisfaction of the Public Works Department. Therefore, the bonds may be released to the
developer.
AGENDA ITEM 4.I
City Council Meeting
June 13, 2023
Page 2 of 2
STAFF RECOMMENDATION
It is recommended that the City Council:
1. Accept the completed public improvements, and;
2. Authorize the release of the Faithful Performance and Labor and Material Bonds, in the
amount of $23,000 for each bond.
FISCAL IMPACT
None.
ENVIRONMENTAL REVIEW
The project is Class 1 Categorically Exempt pursuant to the California Environmental Quality Act
(CEQA).
STRATEGIC PLAN IMPACT
The project is consistent with the City of Rosemead's Strategic Plan Goal C - Infrastructure and
Facilities, which is to enhance streets, sidewalks, and public infrastructure; coordinate with
relevant utility agencies regarding safety and enhancements; and modernize facilities by expanding
the use of wireless network technology and renewable energy.
PUBLIC NOTICE PROCESS
The item has been noticed through the regular agenda notification process.
Prepared by:
Danielle Garcia
Public Works Fiscal and Project Manager
Submitted by:
a
Bahman Janka
Public Works -Engineering (Consultant)
Attachment A: Undertaking Agreement
Attachment B: Bond
Attachment C: Recorded Map
Attachment A
Undertaking Agreement
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL To
CITY OF ROSEMEAD )
8838 E. Valley Blvd. )
Rosemead, CA 91770 )
Attention: City Clerk )
(Space Above This Line for Recorder's Use Only)
Exempt from recording fee per Gov. Code § 27383.
CITY OF ROSEMEAD
SUBDIVISION IMPROVEMENT AGREEMENT
TRACT MAP No. 82875
THIS SUBDIVISION IMPROVEMENT AGREEMENT ("Agreement") is effective as
of leo dvnbo 7 , 2021, by and between the CITY OF ROSEMEAD, State of
California, acting y and through its City Council, hereinafter referred to as "CITY" and
OLSON URBAN III — ROSEMEAD 1, LLC, a Delaware limited liability company, with
offices located at 3010 Old Ranch Parkway, Suite 100, Seal Beach, CA 90740-2751,
hereinafter called the "SUBDIVIDER."
RECITALS:
A. The CITY approved Tentative Map 82875 located at 3133-3141 Willard
Avenue, on December 8, 2020 ("The Tentative Map"), subject to certain conditions of
approval, which conditions include construction of certain public improvements (the
"Improvements") as set forth in Exhibit A attached hereto and incorporated into this
Agreement.
B. The SUBDIVIDER has filed the Map with the City Engineer of the CITY (the
"City Engineer") for presentation to the City Council for its approval.
C. The SUBDIVIDER has not yet completed the required Improvements to
receive a final map and therefore must enter into an agreement with the CITY providing
for the future construction and installation of the Improvements, as required by
Government Code section 66462(a)(1).
D. CITY and SUBDIVER desire to enter into this Agreement providing for the
construction and installation of the Improvements.
1
AGREEMENT
NOW THEREFORE, in consideration of the faithful performance of the terms and
conditions set forth in this Agreement, the parties agree as follows:
1. Duty to Install Improvements. The SUBDIVIDER, for and in consideration of the
approval of the final map of that certain land division known as Tract Map 82875 hereby
agrees, at the SUBDIVIDER'S own cost and expense to furnish all labor, materials, and
equipment necessary to perform and complete, and within twenty-four (24) months from
the date of filing of said map, to perform and complete in a good and timely manner, the
Improvements set forth in Exhibit "A" to the satisfaction of the CITY. All required
Improvements have an estimated cost of construction of $23,000 as shown on Exhibit
.-B "
2. Duty to Maintain Improvements. CITY shall not be responsible or liable for the
maintenance or care of the Improvements until CITY formally approves and accepts
them in accordance with its policies and procedures. CITY shall exercise no control over
the Improvements until approved and accepted. Any use by any person of the
Improvements, or any portion thereof, shall be at the sole and exclusive risk of the
SUBDIVIDER at all times prior to CITY's acceptance of the Improvements. SUBDIVIDER
shall maintain all the Improvements in a state of good repair until they arecompleted by
SUBDIVIDER and approved and accepted by CITY. Maintenance shall include, but
shall not be limited to, repair of pavement, curbs, gutters, sidewalks, signals, parkways,
water mains, and sewers; maintaining all landscaping in a vigorous andthriving condition
reasonably acceptable to CITY; removal of debris from sewers andstorm drains; and
sweeping, repairing, and maintaining in good and safe condition all streets and street
improvements. It shall be SUBDIVIDER's responsibility to initiate all maintenance work,
but if it shall fail to do so, it shall promptly perform such maintenance work when notified
to do so by CITY. If SUBDIVIDER fails to properly prosecute its maintenance obligation,
CITY may do all work necessary for such maintenance and the cost thereof shall be the
responsibility of SUBDIVIDER and its surety under this Agreement. CITY shall not be
responsible or liable for any damages or injury of any nature in any way related to or
caused by the Improvements or their condition prior to acceptance. Notwithstanding the
above, SUBDIVIDER shall make available for publicuse any streets, curbs, gutters,
sidewalks or walkways, streetlights, street furniture, storm drain improvements, fire
hydrants, and any other facilities intended for general public use, which are installed,
altered or affected by the work, as soon as they can be safely placed in service.
3. Performance, Labor and Materials and Warranty Security: SUBDIVIDER shall,at
all times, guarantee its performance of this agreement by furnishing to CITY and
maintaining good and sufficient security as required by the State Subdivision Map Act on forms
approved by CITY for the purposes and in the amounts as follows:
a. To ensure a faithful performance of this agreement in regard to the improvements
in the amount of 100% of the estimated cost of construction for the improvements; and
b. To secure payment to any contractor, sub -contractor, persons renting equipment
or furnishing labor and materials for the improvement required to be constructed or
installed pursuant to this agreement in the additional amount of 100% of the estimated
cost of construction of the improvements; and
C. To guarantee or warranty the work done pursuant to this agreement for a
period of one (1) year following the acceptance thereof by CITY against any defective
work or labor done, or defective materials furnished in the amount of 20% of the
estimated cost of construction of the improvements; and
d. To warranty, the setting of required subdivision monuments within one (1) year
following recordation of the Final Map in the amount of 100% of the estimated cost of
setting subdivisions monuments s shown in Exhibit "B."
e. To guarantee the landscape maintenance of all landscape improvements for a
period of one (1) year following acceptance of thereof by the CITY.
The securities required by this agreement shall be kept on file with the City Clerk. The
terms of the security documents required by this agreement are hereby incorporated in
this agreement by reference and copies attached hereto.
The security which guarantees performance can be released upon acceptance of the
improvements by the CITY. The security which guarantees payment to contractors sub-
contractors and persons furnishing labor, materials or equipment can be released six
(6) months after acceptance of the improvements by the CITY, less the total of all
claims towhich the CITY has been given proper notice.
4. Non -Liability of CITY, Hold Harmless and Indemnity by SUBDIVIDER:
a. The CITY shall not nor shall any officer or employee thereof, be liable or
responsible for any accident, loss, or damage happening or occurring to the work
specified in this agreement prior to the completion and approval of same; nor shall
the CITY, nor any officer or employee thereof, be liable for any persons or property
injured by reason of the nature of said work, or by reason of the acts or omissions of
the SUBDIVIDER, his agents, or employees, in performances of said work. All of said
liabilities shall be assumed by the SUBDIVIDER. The SUBDIVIDER further agrees to
protect and hold harmless the CITY, its officers, and employees, in performance of
said work. All of said liabilities shall be assumed by the SUBDIVIDER.
b. SUBDIVIDER agrees to indemnify, defend and hold the CITY, its elective and
appointed boards, commissions, officers, agents, employees and consultants,
harmless from and against any and all claims, liabilities, losses, damages or injuries
of any kind (collectively, "Claims") arising out of SUBDIVIDERS, or SUBDIVIDER'S
contractors', subcontractors', agents' or employees', acts, omissions, or operations
under this Agreement, including, but not limited to, the performance of the work and
the use and operation of the Improvements prior acceptance by CITY, whether such
acts, omissions, or operations are by SUBDIVIDER or any of SUBDIVIDER'S
contractors, subcontractors, agents or employees. This indemnification includes,
without limitation, the payment of all penalties, fines, judgments, awards, decrees,
attorneys' fees, and related costs or expenses, and the reimbursement of CITY, its
elected officials, officers, employees, and/or agents for all legal expenses and costs
incurred by each of them.
The aforementioned indemnity will apply regardless of whether or not CITY has
prepared, supplied or approved plans and/or specifications for the Improvements and
regardless of whether any insurance required under this Agreement is applicable to
any Claims. The CITY does not and will not waive any of its rights under this indemnity
provision because of its acceptance of the bonds or insurance required under the
provisions of this Agreement. SUBDIVIDER'S obligation to indemnify CITY will
survive the expiration or termination of this Agreement. CITY.
5. Insurance. During the term of this Agreement, SUBDIVIDER shall maintain at
its cost and expense the following insurance coverage against Claims, including
Claims for injuries to persons or damages to property that may arise from or in
connection with the performance of the Work and the results of that Work by the
SUBDIVIDER, its contractors, agents, representatives, employees or subcontractors,
with insurers with an A.M. Best's rating of no less than A:VII unless otherwise accepted
by the CITY in writing:
a. Commercial General Liability (CGL). SUBDIVIDER shall provide or cause to
be provided Insurance Services Office Form CG 00 01 covering CGL on an "occurrence"
basis, including products and completed operations, property damage, bodily injury
and personal & advertising injury with limits no less than $5,000,000 per occurrence.
If a general aggregate limit applies, either the general aggregate limit shall apply
separately to the Project and Property or the general aggregate limit shall be twice
the required occurrence limit.
b. Automobile Liability Insurance. SUBDIVIDER shall provide or cause to be
provided ISO Form Number CA 00 01 covering any auto (Code 1), or if SUBDIVIDER
has no owned autos, hired (Code 8), and non -owned autos (Code 9), with limit no
less than $1,000,000 per accident for bodily injury and property damage.
C. Workers' Compensation Insurance. SUBDIVIDER shall provide, or cause to
be provided, workers' compensation insurance as required by law, and shall cause
its contractors and their subcontractors, agents and representatives to maintain
workers' compensation insurance as required by the State of California, with statutory
limits, and employer's liability insurance with limit of no less than $1,000,000 per
accident for bodilyinjury or disease. For services deemed public works, by signing
this agreement, SUBDIVIDER is certifying, pursuant to Section 1861 of the California
Labor Code, that: 1 am aware of the provisions of Section 3700 of the Labor Code
which require every employer to be insured against liability for workers' compensation
or to undertake self- insurance in accordance with the provisions of that Code, and I
4
will comply with such provisions before commencing the performance of the work of
this Agreement."
Contractor shall maintain Workers' Compensation Insurance (Statutory Limits) and
Employer's Liability Insurance (with limits of at least $1,000,000) for Contractor 's
employees in accordance with the laws of the State of California, Section 3700 of the
Labor Code In addition, Contractor shall require each subcontractor to similarly
maintain Workers' Compensation Insurance and Employer's Liability Insurance in
accordance with the laws of the State of California, Section 3700 for all of the
subcontractor's employees.
d. Other Insurance Provisions. The insurance policies are to contain, or be
endorsed to contain, the following provisions:
I. Additional Insured Status. The CITY, its officers, officials,
employees, and volunteers are to be covered as additional insureds on the CGL policy
with respect to liability arising out of work or operations performed by or on behalf of the
SUBDIVIDER including materials, parts, or equipment furnished in connection with such
work or operations. General liability coverage can be provided in the form of an
endorsement to the SUBDIVIDER's insurance (at least as broad as ISO Form CG 20 10
11 85 or if not available, through the addition of both CG 20 10 and CG 20 37 if a later
edition is used).
ii. Primary Coverage. For any Claims related to this Agreement, the
SUBDIVIDER's insurance coverage shall be primary insurance as respects the CITY, its
officers, officials, employees, and volunteers. Any insurance or self-insurance maintained
by the CITY, its officers, officials, employees, or volunteers shall be excess of the
SUBDIVIDER's insurance and shall not contribute with it.
iii. Notice of Cancellation. Each insurance policy required above shall
provide that coverage shall not be canceled, except with notice to the CITY.
iv. Waiver of Subrogation. SUBDIVIDER hereby grants to City a waiver
of any right to subrogation which any insurer of said SUBDIVIDER may acquire against
the CITY by virtue of the payment of any loss under such insurance. SUBDIVIDER agrees
to obtain any endorsement that may be necessary to affect this waiver of subrogation,
but this provision applies regardless of whether or not the CITY has received a waiver of
subrogation endorsement from the insurer.
V. Deductibles and Self -Insured Retentions. Any deductibles or self-
insured retentions must be declared to and approved by the CITY. The CITY may require
the SUBDIVIDER to purchase coverage with a lower deductible or retention or provide
proof of ability to pay losses and related investigations, claim administration, and defense
expenses within the retention.
vi. Certificate of Insurance and Endorsements. SUBDIVIDER shall
furnishthe CITY with original certificates and amendatory endorsements or copies of the
applicable policy language effecting coverage required by this Section. All certificates and
endorsements are to be received and approved by the CITY before the Work
commences. However, failure to obtain the required documents prior to the
commencement of the Work shall not waive the SUBDIVIDER's obligation to provide
them. The CITY reserves the right to require complete, certified copies of all required
insurance policies, including endorsements required by these specifications, at any time.
6. Property Rights. CITY shall grant to SUBDIVIDER the necessary licenses and
permits for the installation of said work within any portion of the public right of way to
permit completion of the Improvements.
7. Breach of Agreement. If the SUBDIVIDER neglects, refuses, or fails to prosecute
the work with such diligence as to ensure its completion within the time specified, or within
such extensions of said time as have been granted by the CITY, or if the SUBDIVIDER
violates or neglects, refuses, or fails to perform satisfactorily any of theprovisions of the
plans and specifications, he shall be in default of this agreement and notice in writing of
such default shall be served upon him and upon any Surety in connection with this
contract. The CITY shall have the power, on recommendation of the City Engineer, to
terminate all rights of the SUBDIVIDER or his Surety then existing or which thereafter
occur because of such default. The determination by the City Engineer of the question as
to whether any of the terms of the contract or specifications have been violated, or have
not been performed satisfactorily, shall be conclusive upon the SUBDIVIDER, his Surety,
and any and all other parties who may have any interest inthe contract or any portion
thereof. The foregoing provisions of this section shall be in addition to all other rights and
remedies available to the CITY under law.
8. Extension of time for Completion. It is further agreed by and between the parties
hereto, including the Surety or Sureties on any Bond attached to this contract, that in the
event it is deemed necessary to extend the time of completion of the work contemplated
to be done under this contract, said extension may be granted by the CITY, either at its
own option, or upon request of the SUBDIVIDER, and shall in no way affect the validity
of this contract or release the Surety of Sureties on any Bond attached hereto.
9. Final Drawings. Upon completion of the Improvement and prior to final acceptance
and approval, SUBDIVIDER shall deliver to CITY a set of "as -built" drawings. These
drawings shall be in a form acceptable to the City Engineer, shall be certified as being
"as -built" and shall reflect the IMPROVEMENTS as actually constructed, with any and all
changes incorporated therein. The drawings shall be signed and sealed as accurate by
the engineer of record.
10. Transfers: Assignments. SUBDIVIDER may assign its obligations under this
Agreement to successor owner(s) of the Property with the prior written consent of the
CITY. In connection with any such assignment, SUBDIVIDER and its assignee shall
execute and deliver to CITY a written assignment and assumption agreement in a form
acceptable to the City Attorney.
11. Binding Upon Heirs. Successors and Assigns. The terms, covenants and
conditions of this Agreement shall be binding upon all heirs, successors and assigns of
the parties hereto; provided, however, that this Agreement shall not be binding upon a
purchaser or transferee of any portion of the Property unless this Agreement has been
assigned pursuant to Section 10. If this Agreement has not been assigned or if the
assignment has not been consented to by CITY, it shall remain binding on SUBDIVIDER.
12. Headings. Section headings in this Agreement are for convenience only andare
not intended to be used in interpreting or construing the terms, covenants or conditions
contained in this Agreement.
13. Severability. If any provision of this Agreement is held, to any extent, invalid,the
remainder of this Agreement shall not be affected, except as necessarily required bythe
invalid provision, and shall remain in full force and effect.
14. Entire Agreement. The terms and conditions of this Agreement constitute the entire
agreement between CITY and SUBDIVIDER with respect to the matters addressed in this
Agreement. This Agreement may not be altered, amended or modified without the written
consent of both parties.
15. Governing Law: Venue. This Agreement shall be construed and enforced in
accordance with the laws of the State of California, without reference to choice of law
provisions. Any legal actions under this Agreement shall be brought only in the Superior
Court of the County of Los Angeles, State of California.
16. Authority. Each party executing this Agreement on behalf of a party represents and
warrants that such person is duly and validly authorized to do so on behalf of the entity it
purports to bind and if such party is a partnership, corporation or trustee, that such
partnership, corporation or trustee has full right and authority to enter into this Agreement
and perform all of its obligations hereunder.
17. Administration. The City Council designates the City Manager to administer and
oversee the performance of this Agreement. Except as otherwise required by law or by
CITY policy, all acts to be undertaken by the CITY in furtherance of this Agreement shall
be undertaken by the City Manager or his designee.
18. Runs with the Land: Recordation. This Agreement pertains to and shall run with
the Property. Upon execution, this Agreement shall be recorded in the Official Records of
Los Angeles County.
IN WITNESS THEREOF, the parties hereto for themselves, their heirs, executors,
administrators, successors, and assigns do hereby agree to the full performance of this
agreement and affix their names, titles, and seals this day as above indicated.
OLSON URBAN III — ROSEMEAD 1, LLC
a Delaware li it 0 liabilitAcompany
IN
Title: � I.•__.._ _
By:
Name: C INr-i s C9\,' i
Title: SVf Fi�\C,r�[e.
Note: SIGNATURES MUST BE
ACKNOWLEDGED EBUEA
NOTARY PUBLIC.
(ATTACH APPROPRIATE ACKNOWLEDGEMENTS)
By
Mayor of the P'ity of Rosemead
City Clerk of the City of Rosemead
EXHIBIT A
See Street Improvement Plan
For Tract Map No. 82875
City of Rosemead
Approved by City of Rosemead Public Works Department
on 3/19/2021
(Attached)
[The scope of work includes full replacement of curb and gutter across the
project frontage. It also includes a new driveway approach into
SUBDIVIDER's project and new sidewalk across the project frontage, as
more specifically shown on the attached
Approved Street Improvement Plan for Tract Map No. 828751
EXHIBIT B
COST ESTIMATE FOR ROAD IMPROVEMENTS
TRACT MAP NO. 82875
(Attached)
10
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
) ss
COUNTY OF ORANGE )
On September 1, 2021 before me, N. Steinkellner, Notary Public, personally appeared Scott Laurie & Chris
Campbell who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and official seal.
....JT� N. STEINREttNER
Notary Public • California
i 8Orange County
W, Commisslon N 2349954
My Comm. Expires Mar 3. 2025
(SEAL)
Notary Public
State of California
Attachment B
®PHILADELPHIA
INSURANCE COMPANIES
A Member of the Tbldo Marine Group
Subdivision Bond
Faithful Performance
SUBDIVISION BOND
KNOW ALL MEN BY THESE PRESENTS:
Bond No. PB03010408024
Premium $138.00 / Annually
That, Olson Urban III -Rosemead 1 LLCC as Principal, and Philadelphia
Indemnity Insurance Company, a corporation organized and existing under the laws of the State of Pennsylvania and
authorized to transact surety business in the State of California, as Surety are held and firmly bound unto City of Rosemead
in the sum of Twenty Three Thousand and no/100 T$23,000.00), for the payment whereof, well and truly to be made, said
Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally, firmly by
these presents.
THE CONDITION OF THE OBLIGATION IS SUCH THAT:
WHEREAS the above Named Principal has entered into an agreement, dated with the Ci of
Rosemead to do and perform the following work, to wit:
Tract Map No. 82875 Street Improvements
NOW, THEREFORE, if the above -bounden Principal shall well and truly perform the work referred to in such agreement,
then this obligation shall be void; otherwise to remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of
the said Surety is hereto affixed and attested by its duly authorized Attorney in Fact at Irvine, California this 1st day of
September, 2021.
Olson Urban III -Rosemead 1 LLC
(Principal) (Seal)
By: See attached signature page
Philadelphia Indemnity Insurance Company
(Surety) (Seal)
By:
Adriana Vale la, Atto ey-In-Fact
Philadelphia Consolidated HoldingCmp. • Philadelphia Indemnity Insurance Company • Philadelphialnsurance Company • Maguire Insurance Agency, Inc.
Signature Block -
Olson Urban III - Rosemead 1, LLC
OFFICIAL SIGNATURE BLOCK FORMAT:
OLSON URBAN III — ROSEMEAD 1, LLC
a Delaware limited liability company
By: OLSON URBAN COMMUNITIES III, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN VENTURES 111, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN HOUSING, LLC
a Delaware limited liability company
Operating Member
ffs
QAOrange County%Communities%Rosemead - Lumina Walk - Willard & GarveytAccounting\Bondsk1 - Signature Block
Olson Urban III (with OUC III)- Rosemead t.docx
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
) ss
COUNTY OF ORANGE )
On September 1, 2021 before me, N. Steinkellner, Notary Public, personally appeared Scott Laurie & Chris
Campbell who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and official seal.
010imy
r S7EINKELLNEaNotary PU
ang00tygrange CountyCommission Y 2719951 Notary Public
Comm. Expires afar J. 2025 State of California
(SEAL)
PHILADELPHIA INDEMNITY INSURANCE COMPANY
One Bale Plaza, Suite 100
Bala Cynwyd, PA 19004-0950
Power of Attorney
KNOW ALL PERSONS BY THESE PRESENTS: That PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Company), acorporation organized and
existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint DENNIS LANCER, TIMOTHY J. NOONAN, JENNIFER
OCHS AND ADRIANA VALENZUELA OF LOCKTON COMPANIFS INC., is true and lawful Attorney-in-fact with full authority to cxecute on its behalf
bonds, undertakings, recognizmices and otficr contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business and to bind the
Company thereby, in an amount not to exceed 550.000.000.
This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of
PHILADELPHIA INDEMNITY INSURANCE COMPANY on the 14o' of November, 2016.
RESOLVED: That the Board of Directors hereby auWorizes the President or any Vice President of the
Company: (1) Appoint Allomey(s) in Fact and authorize the Attomey(s) in Fact to execute
on behalf of the Company bonds and undertakings, contracts of indetnnily, and other
writings obligatory in the nature thereof and to attach the seal of the Company thereto; and
(2) to remove, at any time, anysuch Aaomey-in-Fact and revoke tate authority given. And,
be it
FURTHER
RESOLVED: That Ore signatures of such officers and the seal of the Company may be affixed to any
such Power of Attorney or cemificate relating thereto by facsimile, and any such Power of
Attorney so executed and certified by facsimile signatures and facsimile seal shall be valid
and binding upon the Company in the future with respect to any bond or undertaking to
which it is attached.
IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS
CORPORATE SEALTO BE AFFIXED BY ITS AUTHORIZED OFFICE THIS 5TH DAY OF MARCH, 2021.
'-
(Seal)
Iuh Glnmh. Presidwn C. CF.O YY `��
Philadelphia Indemnity Insurance Company
On this So' day of March, 2021 before me came the individual who executed the preceding instrument, to me personally known, and being by me duly sworn said that IT
is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; Orat the seal affixed to said instrument is the
Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed.
eommomiewth of Pe yhenb-Nelery!tsw
venesseMcsenrle. Noterypublic
MontaomeryCounry
My "mission expbesNmembe,3,2024
Commission numbs, 1366394
Memoir. pomuivs-.e As, eQmbn or Ngmn
Notary Public:
residing at: Bale Cynwyd, PA
Mycommissionexpites: November 3, 2024
1, Edward Sayago, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certify that the foregoing resolution of the Board of
Directors and the Power of Attorney issued pursuant (hereto on the 5a day March, 2021 are true and correct and are still in full force and effect. 1 do further certify that
John Glomb, who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of
PHILADELPHIA INDEMNITY INSURANCE COMPANY.
In Testimony Whereof I have subscribed my name and affixed the facsimile scall of each Company this'st dayof September 2021
�5
Edward Sayago, Corporate Secretary
PHILADELPHIA INDEMNITY INSURANCE COMPANY
CALIFORWIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL
CODE
A notary public or other officer completing this certificate verifies only the, identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of LOS ANGELES,, ���� )
On ',S�"bT `^before me, JENNIFER OCHS, NOTARY PUBLIC
Date Here Insert Name and Title of the Officer
personally appeared
ADRIANA VALENZUELA
Name(s) of Signers)
who proved to me on the basis of satisfactory evidence to be the personj) whose namek) is/rj(Q(
subscribed to the within instrument and acknowledged to me that {(she/ executed the same in
N8f/her/SQW authorized capacity0ft and that by ¢jtr(herAW signatureN on the instrument the personN,
or the entity upon behalf of which the personJt acted, executed the instrument.
JENNIFER OCHS
Notary Public • California
LOS Angeles County
Commission @ 2758213
*My Comm, Expires May 19, 2025 +
I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and official seal.
Signature ay".(/b/L�6�
(V SignatureVIF Notary Public
JENNIFER OCHS, NOTARY PUBLIC
Place Notary Seal Above
OPTIONAL
Though this section Is optional, completing this Information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document:
Number of Pages:
Document Date:
Signer(s) Other Than Named Above:
Capacity(les) Claimed by Signer(s)
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
02014 National Notary Association • www.NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907
PHILADELPHIA
INSURANCE COMPANIES
A Member ofthe lbldo Marine Croup
Subdivision Bond
Labor & Material
SUBDIVISION BOND
Bond No. PB03010408024
Premium included in Performance Bond
KNOW ALL MEN BY THESE PRESENTS: That Olson Urban III -Rosemead 1 LLC
. as Principal, and Philadelphia Indemnity Insurance Company, a corporation organized and existing
under the laws of the State of Pennsylvania and authorized to transact surety business in the State of California as
Surety are held and firmly bound unto City of Rosemead in the sum of Twenty Three Thousand and no/100 Dollars
($23.000.00), for the payment whereof, well and truly to be made, said Principal and Surety bind themselves, their heirs,
administrators, successors and assigns, jointly and severally, firmly by these presents.
The condition of the foregoing obligation is such that, whereas the above -bounden Principal has entered into a
contract, dated with the City of Rosemead to do and perform the following work, to wit:
Street Improvements Tract Map No. 82875
NOW, THEREFORE, if the above -bounden Principal shall pay all contractors, subcontractors, laborers, materialmen and
other persons employed in the performance of the aforesaid contract, then this obligation shall be void; otherwise to remain
in full force and effect.
SIGNED, SEALED, DATED: September 1, 2021.
Olson Urban III -Rosemead 1 LLC
(Principal) (Seal)
By: (see attached signature page)
Philadelphia Indemnity Insurance Company
(Surety) (Seal)
By:
Adriana Valenzuel ,A orney-In act
Philadelphia Consolidated Holding Comp. • Philadelphia Indemnity Insurance Company • Philadelphia Insurance Company • Maguire Insurance Agency, Ina
Signature Block -
Olson Urban III - Rosemead 1, LLC
OFFICIAL SIGNATURE BLOCK FORMAT:
OLSON URBAN III — ROSEMEAD 1, LLC
a Delaware limited liability company
By: OLSON URBAN COMMUNITIES III, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN VENTURES III, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN HOUSING, LLC
a Delaware limited liability company
Operating Member
By: IN TOWN LIVING, INC.
By: 1k U-.
Name: CV,ri s C�� otaelT
Title: SVP
QAOrange CountylCommunities\Rosemead - Lumina Walk - Willard & GarveylAccounting\Bonds\7 - Signature Block
Olson Urban III (with OUC III) - Rosemead 1.docx
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
) ss
COUNTY OF ORANGE )
On September I, 2021 before me, N. Steinkellner, Notary Public, personally appeared Scott Laurie & Chris
Campbell who proved to the on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph
is true and correct.
WITNESS my Band and official seal.
N. (ELLNER
Notary
ary Iubtic - [a0forma
Orange County _ Nota Public
Commission a 2349954 Notary
My Comm. Expires Mar 3, 2025 State of California
(SEAL)
PHILADELPHIA INDEMNITY INSURANCE COMPANY
One Bala Placa, Suite 100
Bala Cynwyd, PA 19004-0950
Power of Attomey
KNOW ALL PERSONS BY THESE PRESENTS: That PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Compsny), a corporation organized mid
existing under the laws of the Commonvival Ih of Pennsylvania, does hereby constitute and appoint DENNIS LANCER, TimomY J. NOONAN, JENNIFER
OCHS AND ADRIANA VALENZUELA OF LOCKTON COMPANIES INC., its true and lawful Atlonney-in-fact with full authority to execute on its behalf
bonds, undertakings, secogni2ances and oil= contracts of indemnity mid writings obligatory in die nature thereof, issued in the course of its business and to bind the
Company thereby, in an amount not to exceed $50.000,000.
This Power of Attorney is granted and is signed and seated by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of
PHILADELPHIA INDEMNITY INSURANCE COMPANY on the 10 of November, 2016.
RESOLVED: That the Board of Directors hereby authorizes the President of any Vice President of the
Company: (1) Appoint ARomcy(s) in Fact and authorize the Attomey(s) in Pact to execute
on behalf of the Company bonds and undertakings, cornmets of indemnity and other
writings obligatory in the nature thereof and to attach die seal of the Company thereto; and
(2)to remove, at any time, any such Attorney -in -Fact and revoke the authority given. And,
be it
FURTHER
RESOLVED; That the signatures of such officers and the seal of the Company may be affixed to any
such Power of Attorney or certificate relating Oimcto by facsimile, and any such Power of
Allomey so executed and certiRed by facsimile signatures and facsimile seal shall be valid
and binding upon die Company in the future with respect to any bond or undertaking to
which it is attached.
IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS
CORPORATE SEALTO BE AFFIXED BY ITS AUTHORIZED OFFICE THIS STH DAY OF MARCH, 2021.
(Seal)
Joh Olnn,b, Pmsidcnt A Cr0 Y `�
Philadelphia Indemnity Insurance Company
On this 5a day of March, 2021 before me came One individual who "muted the preceding instrument, to me personally known, and being by me duty swom said that fie
is the (herein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; that die seal axed to said instrument is the
Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed.
1, Edward Sayngo, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certify that the foregoing resolution of the Board of
Directors and the Power of Attorney issued pursuant thereto on the 54 day March, 2021 ere time and correct and me, still in full force and effect. I do further certify, that
John Glomb, who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of
PHILADELPHIA INDEMNITY INSURANCE COMPANY.
In Testimony Whereof) have subscribed my name and affixed the facsimile seal of each Company this 1st dayof September 2021
-. Edward Sayago, Corporate Secretary
I ii. PHILADELPHIA INDEMNITY INSURANCE COMPANY
Notary Public:
cal
CmimmwWtMorVmna.K0I0r
P,m1%ry
WnewmigontryUunly ualk
MonleomreANWery
MycoComm4nonnumb
rI366394202<
Commissbnnumberr36838e
nrmwr. vacmpve•n.essorLtan w Mate6er
residing at:
Bala Cynwyd, PA
My commission expires:
November 3, 2024
1, Edward Sayngo, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certify that the foregoing resolution of the Board of
Directors and the Power of Attorney issued pursuant thereto on the 54 day March, 2021 ere time and correct and me, still in full force and effect. I do further certify, that
John Glomb, who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of
PHILADELPHIA INDEMNITY INSURANCE COMPANY.
In Testimony Whereof) have subscribed my name and affixed the facsimile seal of each Company this 1st dayof September 2021
-. Edward Sayago, Corporate Secretary
I ii. PHILADELPHIA INDEMNITY INSURANCE COMPANY
a< �f r rf
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL .�
A notary public or other officer completing this certificate verifies only the, identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
Countty offLOS ANGELESn �' )
On S(0 Q,yyt}�D1Tw�"eefore me, JENNIFER OCHS, NOTARY PUBLIC
Date Here Insert Name and 7iNe of the Officer
personally appeared
ADRIANA VALENZUELA
Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the persona) whose namejq) WOW
subscribed to the within Instrument and acknowledged to me that )Wshe/Aw executed the same in
)Wher/10(ft authorized capacity(A, and that by Wherijftr signatureOO on the instrument the personoo,
or the entity upon behalf of which the personjo acted, executed the Instrument.
' JENNIFER OCHS
Notary Public • California
} - Los Angeles County I
Commission M 2358213
My Comm. Expires May 19, 2025
Place Notary Seal Above
I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph
Is true and correct.
WITNESS my hand and official seal.
Signature��� w�}�wDj 066yo
/�-
LSignatureNotary Public
JENNIFER OCHS, NOTARY PUBLIC
OPTIONAL
Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: Document Date:
Number of Pages: Signers) Other Than Named Above:
Capacity(fes) Claimed by Signer(s)
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney in Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney in Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
02014 National Notary Association • www.NationaiNotary.org • 1 -800 -US NOTARY (1-800-878-8827) Item #5907
Attachment C
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