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CC - Item 3F - Release of Bond Parcel Map 628100 0 ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: OLIVER CHI, INTERIM CITY MANAGER DATE: AUGUST 28, 2007 SUBJECT: RELEASE OF BOND- PARCEL MAP 62810 3209 BURTON AVENUE SUMMARY A Faithful Performance Bond and a Labor and Material Bond was required to guarantee construction of new driveways, curb and gutter, sidewalk, and sewer laterals, catch basin relocation, and installation of survey monuments for Parcel Map 62810. In lieu of bonds, a Cash Deposit was issued to the City in the amount of $60,000. Staff Recommendation Staff recommends that the City Council accept the public improvements and survey monuments and refund the Cash Deposit including interest. ANALYSIS In accordance with the Conditions of Approval for Tentative Parcel Map No. 62810 approved by the Rosemead Planning Commission on June 20, 2005, the subdivider is required to construct new driveways, curb and gutter, sidewalk, and sewer laterals, relocate catch basins, and install survey monuments subsequent to recordation of the parcel map. On April 4, 2006, the subdivider executed an Undertaking Agreement (Attachment A) to guarantee completion of the public improvements and installation of the survey monuments within two years. In lieu of providing a Faithful Performance Bond and Labor and Material Bond, the subdivider provided a Cash Deposit in the amount of $60,000. The City Engineer has inspected the public improvements and survey monuments and found them to be satisfactory. FINANCIAL REVIEW This item has been noticed through the regular agenda notification process. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. APPROVED FOR CITY COUNCIL AGENDA: O' • 1] City Council Meeting August 28, 2007 Page 2 of 2 Prepared by: 1 ' Ken Rukavina, P.E. City Engineer Submitted by: (tAAr11 5MIOLt 16~4 Brian Saeki Interim Community Development Director Attachment A: Undertaking Agreement & Cash Deposit Receipt • ~I r CF ROE EMi E' D UNDERTAKING AGREEMENT • THIS AGREEMENT made and entered this 5 day of APRE, , 2006, by and between the CITY OF ROSEMEAD. State of California, acting by and through its City Council, hereinafter referred to as "CITY" and -r c! 7,1(--T Tf~' (NAME) n rF T pUTP.N7'E CTa 91746 (ADDRESS) 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 62810 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: Driveways, curb and gutter, sidewalk, catch basin relocation, sewer laterals and survey monuments. Said work shall be done to the satisfaction of the City Engineer and shall not be deemed complete until approved and aQcepted 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 $40,000. • ~tCUI,iD. TI~~ C I i t~liall rloi nur small any ufiic,er or ernpiuyee Inereui, ue iiauie or responsible for any accident, loss, o, 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 Cash Deposit in an amount of Sixty Thousand Dollars (g,',60,000.00) to guarantee faithful performance of all the provisions of this agreement and for the payment • • of all pe suns perfunriing iabur and furnishirigs Uialenais in corrnectror with this agreerent. If the Cash Deposit. in the opinion of the CITY, becomes insufficient, CONTRACTOR agrees to renew said Cash Deposit within ten days of receiving notice that said Cash 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 Cite -ouncil, either at its own option, or upon request of the CONTRACTOR, and shall in no v,ay affect the validity of this contract or release the Surety of Sureties on any Bond attached hereto. • • llJ WITNESS THEREOF, the par-Lies 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. (Seal) PHI DUONG > Commission # 1421855 Notary Public - California Los,4noeles County ~~-tvty Comm. Expires Jun 3, 2007 Note: By f By SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC. (ATTACH APPROPRIATE ACKNOWLEDGEMENTS) By Mayor of the City of Rosemead Attested City Clerk of the City of Rosemed Llr~:` Ibi State of California ss. County of On before me, ae personally appeared PHI DUONG COMMisslon * 1421855 -m a Notary Public • California Las Angeles County MY Comm. Expires Jun 3, 2007 ,e E, personally known to me , - proved to me on the basis of satisfactory evidence to be the person(s) whose names; is/are subscribed fo 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. Vt1ITNESS. hand an official seal. S,9m1u,e ai 14 ry Pubhc OPTIONAL Tnouon me Intormatior De)ow is no! reouired by law it may prove valuable to persons relying on the document ano could prevent l,'ajouient removal and reatrachment of this form io another document. Description of Attached Document ~ l Title or Type of Document: _ f P - / A ages: Zl Number o 77 0 Document Date: ~-7 Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer 's Name: e Si gn r Individual lop o+ Inurnt here Corporate Officer - Title(s): _ Partner - C' Limited O General C Attorney-in-Fact C Trustee C Guardian or Conservator Oth er: O Signer Is Representing • PKAce, Gau ina•F,ee I.801,.g76.6927 G 1494 Nauni,X W taq r.S. 1,01-ari • 9356 U< 50w Ave . P ~ Eon -240: • Ghav5wonh f IA W%315.-,Ar • vvwv: n iUaWhiola~v.Mg 0 0 CU O CF) VJ r-I CNJ 0 N v~ O C3 , U ; Q ~ S ono:-~ eO.:t rI-g, C~ 1^ ~ 1 L a I I = s ,H - ~ r z r fl F J t c C7 3L An 49 o C L) CEO -sue LD I- 0 Ln O N Ir m .a in m O O O a r.Li LO O s a rv O ru H RECEIPT FOR P;-.YIv1ENT CITY OF ROSEMEAD 6638 EAST VALLEY BQULE\-~.Rp r F- r. vi77Q_l f.sr, CS Ct_iii: f..C`f, l-~. , v - . 626.569.2100 (M - TH 7:00 - 6:00 PIC Date:- ~OL Dept\By: For: ell r r TRAN DESCRIPTION I KAN CODE DESCRIPTION CODE 710 Building Permit Fees 10G Refundable Deposits 713 Strong Motion Fees 820 BuitdinglFieid RentallSupv 720 Public Works Permits 843 Class Registration 712 Occupancy Permits (Bldg) 844 Excursions 702 Site/Sign Plan Review Fees 621 Sr Lunch Prog (RCRC) 700 Occupancy Permits (Plan) 822 Sr Lunch Prog (GCC) 701 Wildlife Exemption Fee 123 Miscellaneous Revenues