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CC - Item 2E - Release of Bond Parcel Map 60159E u 1k, ROSEMEAD CITY COUNCIL Aff `**r*_ STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: ANDREW C. LAZZARETTO, CITY MANAGER DATE: OCTOBER 24, 2006 SUBJECT: RELEASE OF BOND - PARCEL MAP 60159 4623 EARLE AVENUE SUMMARY A Faithful Performance Bond and a Labor and Material Bond was required to guarantee construction of public improvements for Parcel Map 60159. In lieu of bonds, a Cash Deposit was issued to the City in the amount of $10,650. Staff Recommendation Staff recommends that the City Council accept the public improvements and refund the Cash Deposit including interest. ANALYSIS In accordance with the Conditions of Approval for Tentative Parcel Map No. 60159 approved by the Rosemead Planning Commission on January 19, 2004, the subdivider was required to construct a sewer lateral, driveway, and parkway drain subsequent to recordation of the parcel map. On November 9, 2004, the subdivider executed an Undertaking Agreement (Attachment A) to guarantee construction of the public improvements 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 $10,650. The City Engineer has inspected the public improvements and found them to be satisfactory. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Submitted b Ken Rukavina, P.E. City Engineer Attachment A: Undertaking Agreement & Cash Deposit Receipt APPROVED FOR CITY COUNCIL AGENDA'. 0 0 Attachment A CITY OF ROSEMEAD UNDERTAKING AGREEMENT THIS AGREEMENT made and entered this 22nd day of September 2004, by and between the CITY OF ROSEMEAD, State of California, acting by and through its City Council, hereinafter referred to as "CITY" and XUE ZHANG 1495 Bedford Road, San Marino, CA 91108 (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 60159 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: Construction of driveway, sewer lateral and parkway drain. 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 $7,100. • 0 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 Ten Thousand Six Hundred Fifty Dollars ($10,650) 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 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 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. 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. Subscribed and sworn to before me this 22nd day of September, 2004 at Los Angeles, State of California. My commission expires on Dec 9, 2007. 6 1A ~ ° Minzhi Zho Notary Public for the State of California, County of Los Angeles (Seal) Note: By By WNZHI ZHOU 'A Comm. # 1455645 V! ' NOTARY PUBLIC CALIFORNIA Los Angeles County My Comm. Ezpues Dec.9, 2007 SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC. (ATTACH APPROPRIATE ACKNOWLEDGEMENTS) By Ic r~ Mayor of a City of Rosemead Attested City Clerk o the City of Rosemed 0 0 Cl~ 90-4229/IM Afi2 93 A Date > PAY to the D) / ORDER of l~ 1~ ~C~ FYI 11 1 $ yoLA e51 rn1f_i DOLLARS ' o=... k } = EVtKYRuST Bo' n k 200S . Garfield. r. i Alhambra, CA 91801,1 , MEMOD Z l4 f is L 2 2 24 2 2961:009 3-00 20 L08 0 ll' . 0 RECEIPT FOR PAYMENT CITY OF ROSEMEAD ROSEMEAD, CALIFORNIA ue Z4 Name: Address: Department: By: Date: ~v t r o0 For: ~ p~, ~ Mean. OOOOF/r- 027soo y jU J 6-s-0. 00 7~ . Asa This Receipt must be Machine Validated ACCT CODE TRAM-CODE DESCRIPTION 4710-3224 1000 Building Permit Fees - Other Revenue (Misc.) (Copy) Admn 4110-3985 9040 1010 . Bldg.-Public Works Permits 4720-3255 9910 Refundable Deposits 81.2300 1520 Bldg-Occupancy Permit Fees 4710-3256 1525 Strong Motion Fees 4710.3813 4020 Class Registration 4840-3943-P51501 4000 Adult Sports Fee 4840-3942-P51401 4030 Excursions 4840-3944-P51601 4010 Building Field Rental 4820-3514-P51001 nse Li 4130-3035 9000 1511 ce Business Plan-Occupancy Perm !s 4700-3256