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CC - Item 3E - Release of Bond Parcel Map 60795ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: ANDREW C. LAZZARETTO, CITY MANAGE DATE: SEPTEMBER 26, 2006 SUBJECT: RELEASE OF BOND - PARCEL MAP 60795 8828 RAMONA BOULEVARD SUMMARY A Faithful Performance Bond and a Labor and Material Bond was required to guarantee installation of survey monuments for Parcel Map 60795. In lieu of bonds, a Cash Deposit was issued to the City in the amount of $7,000. Staff Recommendation Staff recommends that the City Council accept the survey monuments and refund the Cash Deposit including interest. ANALYSIS In accordance with the Conditions of Approval for Tentative Parcel Map No. 60795 approved by the Rosemead Planning Commission on February 2, 2004, the subdivider is required to install survey monuments subsequent to recordation of the parcel map. On December 12, 2004, the subdivider executed an Undertaking Agreement (Attachment A) to guarantee 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 $7,000. The City Surveyor has inspected the survey monuments and found them to be installed satisfactorily. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Submitted by: 41 & • Ken Rukavina, P.E. City Engineer Attachment A: Undertaking Agreement, Cash Deposit Receipt & Location Map APPROVED FOR CITY COUNCIL AGENDA: • • CITY OF ROSEMEAD UNDERTAKING AGREEMENT THIS AGREEMENT made and entered this 8 day of 'DidAA6E/~- , 2004, by and between the CITY OF ROSEMEAD, State of California, acting by and through its City Council, hereinafter referred to as "CITY" and 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 60795 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: Installation of survey monuments. 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 $4,700. • • 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 Cash Deposit in an amount of Seven Thousand Dollars ($7,000) to guarantee faithful performance of all the provisions of this agreement and for the payment of • 0 all persons performing labor and furnishings materials in connection with this agreement. 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 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 taw. SEVENTH: In case suit is brought upon this contract, the CONTRACTOR hereby agrees to pay to the CITY a reasonable attomey'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. • i 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. By By (Seal) Note: SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC. (ATTACH APPROPRIATE ACKNOWLEDGEMENTS) By C:. Mayor of e City of Rosemead Attested City Iff le oft a City of Rosemed 0 CALIFORNIA ALL-PURPOSE ACKNOrIti'LEDGME14T 0 State of California faJ County of n On Dale personally appeared . ss. before met- A Nike and Tlth of Ojkar (e.g..'Jane Doe, Notary Publ1 ❑ personally known to me roved to me on the basis of satisfactory v(dence ^t.4NCY VALDERRAMA Commission # 1378733 Z $ " f r==;'- Notory Public California Z Los Angeles County y~ r4yComRl.ExpaesOctJJ.2006 r to be the person~l whose name isles subscribed to the within instru ent and acknowledged to me that he4s04eltitey executed the same in his/tar a authorized capacity), and that by his/fir signatureVon the instrument the person(W or the entity upon behalf of which the person( acted, executed the instrument. WITNESS my hand a d official Veal. Signature of Notary Public OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages:_ Signer(s) Other Than Named Above: Capacity(ies Signer's Name: ) Individual /0( Corporate ❑ Partner - [I ❑ Attomey-in ❑ Trustee ❑ Guardian or ❑ Other. Signer Is sentina: u ) Claimgd by Signer , Top of Thumb here Officer - Title(s): Limited ❑ General Fact Conservator 0 1999 National Notary A59oGlation • 9350 De Salo Ave., P.O. Box 2402 • ChalbwoM. CA 91313-24C? - -natronalnowry.org Prod. No. 5907 neoroar man iarr•ree i~ cro i • •r M O V) O Or) 00 00 O ct' 0 Z cc ~L E Q Q MY W • t! w .."y t W Q Y. rr r u r r r r r ~'au d a, FH0`0 ~e:,,_ DOOZ'£ BbLLf-61-SO r C%- O L!1 O N rm .a Ln r„ O O O .-a ru rri O Lrl OT 1..1 03 CO O J •r RECEIPT FOR PAYMENT ~x i CITY OF ROSEMEAD • 4] ROSEMEAD, CALIFORNIA. .r Name: /;~Y Address: r - - Departments By. fry i¢•p Date:' - c•, 7 71 For: 7, /i dl ~fra +;~0 Qd cQ~ - C~2-301.3 S i + { h v. ' . . 4 v This Receipt must be Machine Validated - TRAM. CODE DESCRIPTION ACCT.CODE 1000 Building Permit Fees 4710-3224 ' 9040 Admn.- Other. Revenue (Mist`) (Copy) 4110.3985 1010 Bldg.-Public Works Permits _ 4720-3255 9910 Refundable Deposits ' 81.2300 1520 Bk%VOccupancy Permit Fees 4710-3256 1525 Strong Motion Fees 4710-3813. 4020 Class Registration 4840-3943-P51501 V.d x • ; 4000 Adult Sports Fee x 4840-3942-P51401 ?7_. ? 4030 Excursions 4840-3944-P51601 4010 Building Field Rental , 4820-3514-P51001 9000 Business license - 4130-3035 1511 Plan-Occupancy Permits 4700.3256 ;t 9 0 C/I;ry, lo/ l,"',4XCXZ W.4PNo• 607' g828 EAMOA'A ,BL vo. N A