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CC - Item 4E - Parcel Map 64210E M P 5 p 9 ~CORNORATED 1090 ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: ANDREW C. LAZZARETTO, CITY MANAGE DATE: MAY 29, 2007 SUBJECT: RELEASE OF BOND - PARCEL MAP 64210 9213 MARSHALL STREET SUMMARY A Faithful Performance Bond and a guarantee construction of new curb and for Parcel Map 64210. In lieu of bonds, the amount of $10,500. Staff Recommendation Labor and Material Bond were required to gutter, sidewalk, driveway, and sewer laterals Certificate of Deposit was issued to the City in Staff recommends that the City Council accept the public improvements and release the Certificate of Deposit. ANALYSIS In accordance with the Conditional Use Permit on December 5, 2005. sidewalk, driveway, an On June 13, 2006, the Conditions of Approval for Tentative Parcel Map No. 64210 and No. 05-1025 approved by the Rosemead Planning Commission the subdivider is required to construct new curb and gutter, 1 sewer laterals subsequent to recordation of the parcel map. subdivider executed an Undertaking Agreement (Attachment A) to guarantee completion of the public improvements within two years. In lieu of providing a Faithful Performance Bond and Labor and Material Bond, the subdivider provided a Certificate of Deposit in the amount of $10,500. The City Engineer has inspected the improvements and found them to be satisfactory. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Su~bmwitteed by: h~ `'v Ken Rukavina, P.E. City Engineer Attachment A: Undertaking Agreement & Certificate of Deposit APPROVED FOR CITY COUNCIL AGENDA: • • CITY OF ROSEMEAD UNDERTAKING AGREEMENT THIS AGREEMENT made and entered this JL day of a 2006, by and between the CITY OF ROSEMEAD, State of California, acting y and through its City Council, hereinafter referred to as "CITY"sand l ~i (NAME) (ADDRESS) d eky,ea j% CA 917 7 0 hereinafter called the "CONTRACTOR." WITNESSETH: FIRST: The CONTRACTOR, for and in consideration of the approval of the final map of that certain land division known as Parcel Map 64210 hereby agrees, at the CONTRACTOR'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 following work, to wit: Construct curb and gutter, driveway, sidewalk and sewer laterals. Said work shall be done to the satisfaction of the City Engineer and shall not be deemed complete until approved and accepted as completed by the City Council of the CITY. The estimated cost to do all work and furnish all materials necessary to complete the work is $7,000. • • SECOND: 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 CONTRACTOR, his agents, or employees, in performances of said work. All of said liabilities shall be assumed by the CONTRACTOR. The CONTRACTOR 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 CONTRACTOR. The CONTRACTOR further agrees to protect and hold harmless the CITY, its officers, and employees, from any and all claims, demands, causes of action, liability, or loss of any sort because of, or arising out of, the acts or omissions of the CONTRACTOR, his agents, and employees, in the performance of this agreement, or arising out of the use of any patent or patented article, in the performance of said agreement. THIRD: The CONTRACTOR hereby grants to the CITY, the Surety upon any Bond, and to the agents, employees, and CONTRACTOR or either of them, the irrevocable permission to enter upon the lands of the subject land division for the purpose of completing the work. This permission shall terminate in the event that the CONTRACTOR or the Surety has completed the work within the time specified or any extension thereof granted by the City Council. FOURTH: It is further agreed that the CONTRACTOR shall have the control of the ground reserved for the installation of said work, and the streets in which they are to be placed, as is necessary to allow him to carry out this agreement. FIFTH: Contemporaneously with the execution of this Agreement, CONTRACTOR shall file with the CITY a Time. Certificate of Deposit in an amount of Ten Thousand Five Hundred Dollars ($10,500) to guarantee faithful performance of all the provisions of this agreement and for the payment of all persons performing labor and furnishings materials in connection with this agreement. If the -Time Certificate of Deposit, in the opinion of the CITY, becomes insufficient, CONTRACTOR agrees to renew said Time Certificate of Deposit within ten days of receiving notice that Time Certificate of Deposit is insufficient. SIXTH: If the CONTRACTOR 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 Council, or if the CONTRACTOR violates or neglects, refuses, or fails to perform satisfactorily any of the provisions 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 Council shall have the power, on recommendation of the City Engineer, to terminate all rights of the CONTRACTOR 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 CONTRACTOR, his Surety, and any and all other parties who may have any interest in the 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. SEVENTH: In case suit is brought upon this contract, the CONTRACTOR hereby agrees to pay to the CITY a reasonable attorney's fee to be fixed by the Court. EIGHTH: 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 Council, either at its own option, or upon request of the CONTRACTOR, and shall in no way affect the validity of this contract or release the Surety of Sureties on any Bond attached hereto. 0 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. ✓ b M NATALIF D. DURIYOU tomy Commisson; 1584834 Notary Public - Colifornid Los Angeles County Comm. Expires Jun 4, 2009 (Seal) By M C V l i By i Note: SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC. (ATTACH APPROPRIATE ACKNOWLEDGEMENTS) By Mayor oft ity of Rosem Attested a-Ab City Clerk of the City of Rosemed C 7 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California ss. County of Zt-4 On 2?z,a before me, - 0 , D le Name and Title of Officer (e. g., Vane Doe. Notary PUNIC') personally appeared „ (V/jrw Name(s) of Sgner(s) This Certificat s Attached To. - t~~/yl Document - Dated: 3 -/?-y Signer-s Same As Above NATALIE D. DURNOU Commission#'1584834 Notary Public • California y. , Los Angeles County My Comm. Expires Jun 4, 2009 droved to me on the basis of satisfactory evidence to be the person(s) whose name(s) l~are subscribed to the within instrument and acknowledged to me that he/16e'/they executed the same in his/&e itheir authorized capacity(ies), and that by his/ leis/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Place Notary Seal Above l Signature of Notary Public OPTIONAL Though the informatior) below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment or this form to another document. . Description of Attached Document Title or Type of Document: Document Date: Number of Pages Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer Signer's Name: ❑ Individual Top of thumb here ❑ Corporate Officer-Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: 0 1999 Nalvlnal Noury Aaso0W14n • 9350 pie Soto Ave. Pe. Bo. 2402 • CNBlawonn. CA 9101] 2402 - ell, naeonamotary or9 P,m. No 5Np (lewder Cas Tol F,ee I.W,87611027 Bank of America -1,0~ BANKING CENTER ~~O ~~/6P 4~ ~NSgF. -761 CUSTOMER NAME N O i'✓ ~GI R hUa WNUINU YU1tYUJG1 UNLT //J PLEDGED TO / v ` Investment CD Receipt 00 ~ DATE . 1 6 r INTEREST RATE ANNUAL PERCENTAGE YIELD S AMOUNT ACCOUNT TERM -r X ,-V MATURITY DATE yg- a 00Y ACCOUNT # 1 D'7 d / C - d f'd`./S The written information wF grve 'Y is part of your agreement with us and tells you the current terms of this account This time deposit reinvests automatically for the same account term upon maturity or on the effective date of a deposit or withdrawal made during the grace period. (The grace period begins on the maturity date and is two business days for terms of 29 days or less; five calendar days for terms of 30 days through 89 days; seven calendar days for terms of 90 days or more.) We determine the interest rate for the reinvested deposit on the date your funds are reinvested. For information about early withdrawal penalties, please see the deposit agreement A personal time deposit is not transferable. 05.16-2576B 05-2002 NOT NEGOTIABLE a~.yo.a Pee. nmk ofA c,NA. • Mem FDIC