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HomeMy WebLinkAboutCC 7 P.M. 88-179 03-18-91DATE: TO: FROM: J MARCH 11, 1991 WILLIAM A. HUSTON, CITY MANAGER CONSENT CALENDAR NO. 7 3-18-91 Inter - Com PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBJECT: ACCEPTANCE OF PUBLIC IMPROVEMENTS - PARCEL MAP NO. 88-179 RECOMMENDATION: That the Tustin City Council, at their meeting of March 18, 1991, accept all public improvements related to Parcel Map No. 88-179 and authorize the release of the following bonds: Faithful Performance No. 965948S ................ $30,000.00 Labor and Material No. 965948S .................. $15,000.00 Monumentation No. 965949S ....................... $ 11000.00 BACKGROUND: Parcel Map 88-179 is bounded by Seventeenth Street and Vandenberg Land and is generally located between Enderle Center Drive and Prospect Avenue. As a condition of approval of the Parcel Map, the developer was required to construct certain public improvements consisting of curb and gutter, sidewalk, street paving street lights and utility connections. Additionally, as part of this process the developer was required to post surety bonds to guarantee that the work would be completed. These bonds are summarized as follows: Faithful Performance No. 965948S ................ $30,000.00 Labor and Material No. 965948S .................. $15,000.00 Monumentation No. 965949S ....................... $ 11000.00 Subdivision Warranty No. 965948S ................ $ 3,000.00 DISCUSSION: All public improvements have been completed to the satisfaction of the Public Works Department/Engineering Division, and all monumentation has been placed per the requirements delineated on the Parcel Map. Staff recommends that the City Council accept all the public improvements related to Parcel Map No. 88-179 and authorize the release of the Faithful Performance, Labor and Material and Monumentation bonds related to said Parcel Map. The Subdivision Warrant Bond No. 965948S in the amount of $3, 000.00 must remain in effect for a period of one year after the City Council accepts the public improvements. Bob Ledendecker Je y Otteson Director of Public Works/ Associate Civil Engineer City Engineer BL:JO:ccg:jo88-179 0 City of Tustin March 29, 1991 James E. Collings Colco Ltd. 1520 Brookhollow, Suite 35 Santa Ana, CA 92705 Dear Mr. Collings: Office of the City Clerk Per City Council action on March 18, 1991, we are returning the following bond(s) to you: Faithful Performance - Labor and Materials - Monumentation - sincerely, &""f -),la" � t —' Beverley Whi Deputy City Clerk Encl VW/brl 9659485 - $30,000.00 965948S - $15,000.00 9659595 _ $ 1,000.00 300 Centennial Way • Tustin, California 92680 • (714) 544-8890 .. ,o,`Y • • �.n Sa City of Tustin March 19, 1991 James E. Collings Colon Ltd. 17320 Red Hill Avenue, Suite 190 Irvine, CA 92714 V' Dear Mr. Collings: Office of the City Clerk 1 Per City Council action on March 18, 1991, we are returning the following bond(s) to you: Faithful Performance - Labor and Materials - Monumentation - Sincerely, l Beverley WAe Deputy City Clerk Encl VW/brl 9659485 - $30,000.00 9659485 - $15,000.00 9659595 $ 1,000.00 300 Centennial Way • Tustin, California 92680 • (714) 544-8890 0 EXECUTED IN TRIPLICATt� FAITHFUL PERFORMANCE BOND Parcel Map No. 88-179 Bond Amount $30,000.00 Bond No. 9659485 Premium $600.00 WHEREAS, the City Council of the City of Tustin, State of California, and LTD. -PROSPECT a Limited Partnership (hereinafter designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement dated — A�— , 195; and identified as project PARCEL MAP NO. 88-179 is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and INDEMNITY COMPANY OF CALIFORNIA , as surety, are held and firmly bound unto the City of Tustin (hereinafter called "City"), in the penal sum of Thirty thousand dollars ($30,000.00) lawful money of the United States, for the payment of which sum well and truly to me made, we bind ourselves, our heirs, successors, i executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees incurred by City in successfully enfnrrinn �ti The surety hereb alter y stipulates and' ation or addition to agrees that thereunderor the terms Of -the the specifications obligations on this bond, extension of time • no change, agreement accompanying the extension of time, or to the work and same shall to be performed It does here Y waive In anywise alter notice o{ affect its vork ation or additi any such or to the specifi change cations, °q to the terms o{ the In witness whereof agreement or. this instrumentt0 the rrety above named on the 1`h day of has been duly Jul executed by the Principal and (SEAL)- 1988 (SEAL.) ..unr,1 p,,•,., 11o73d7e­3Redhill Av eIIeral Partner v Irvine enUe Suite 1g0 dress California 92714 uretynity Company of California BY: {a TO CONTENT: GMENT OF SURETY: 'ALIFORNIA ORANGE SS. Colco Ltd Principal r os p e c t By:. By/:ames E. Coll' Ings, 4?a K' Nichols Jr., Atto P 0. Box 3 may in 334Fact Adress m, California 92803 V he unders' gHe � a Notary pub JUL y 1 8 K• NICHOLS JR In an =b=the Attorney in Fa ,•+ r said to+ ip 0 Al PARTNERSHIP ACKNOWLEDGMENT; ACKNOWLEDGMENT OF CORPORATION ACTING AS A PARTNER STATE OF CALIFORNIA ) ss. COUNTY OF ) On , 19 , before me, the undersigned, a Notary Public in and for said State, personally appeared known to me to be the an known to me to be the of the corporation that executed the within instrument and known to me to be the persons who executed the within instrument on behalf of the corporation, said corporation being known to me to be one of the partners of the partnership that executed the same. WITNESS my hand and official seal. LIMITED PARTNERSHIP ACKNOWLEDGMENT NOTARY PUBLIC in and for said tate ,� . OFFICIAL SEAL STATE OF CALIFORNIA ) D.%NN MARIE BEEBE NOTARY PUBLIC - CALIFORNIA COLWry COUNTY OF ORANGE ) ss. •aa- "� �"EOFFICE "' „,__m, tlT Gammi.:;ien Exp. Sept 16, I988 On Jul 18 19 be ore me, a un 1111 ersigne , a otary Public in and for said State, persona ar y appeared James E. Collings known to me to be the General Partner of Colco Ltd. -Prospect , the limited partnership that executed the limited partnership executed within instrument, the same. knowledged to \ me thaLlsuch / WITNESS my hand and official seal. and torlsaid State MITED PARTNERSHIP; ACKNOWLEDGMENT OF CORPORATION ACTING AS STATE OF CALIFORNIA ) ss. COUNTY OF ) On , before me, the undersigned, a Notary Public in the aforesaid State, personally appeared known to me to be the and known to me to be the of the corporation that executed the within instrument, known to me to be the General Partner of , a limited partnership, and acknowledged to me that said corporation executed the within instrument, said persons known to me to be the persons who executed the within instrument on behalf of the corporation therein named, which in turn executed the within instrument on behalf of the limited partnership therein named pursuant to the bylaws or resolution of the Board of Directors of said corporation. WITNESS my hand and official seal. JOINT VENTURE ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF ) On NOTARY PUBLIC in and for said State POWER OF ATTORNEY OF M 026465 MNITY COMPANY OF CALIF IA � /EVELOPERSINSURANCE( IVANY P.O. BOX 3343, ANAHEIM, CALIF. 92803 • (714) 999-1471 NOTICE: 1. All power and authority herein granted shall In any event terminale on the 31st day of December, 1988. - "it' '.' ` 2, This Power of Attorney Is Vold If altered or If any portion Is erased. - - -r �-... 3. This Power of Attorney Is void unless the seal Is readable, the text Is in brown ink, the signatures are In blue Ink and this notice is in red Ink. ` l 4. This Power of Attorney should not be returned to the Afforney(s)-In-Fact, but should remain a permanent part of the obligee's records. KNOW ALL MEN BY THESE PRESENTS, that, except as expressly limited, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, do each severally, but not jointly, hereby make, constitute and appoint ***H.K.NICHOLS, JR., MARLENE A. BAKER, LEONARD W. MILLER, JOINTLY OR SEVERALLY*** the true and lawful Attorney(s)-in-Fact, to make, execute, deliver and acknowledge, for and on behalf of each of sold corporations as sureties, bonds, undertakings and contracts of suretyship In an amount not exceeding $1,500,000 In any single undertaking; giving and granting unto said Attorneys) -In -Fact full power and authority to do and to perform every act necessary, requisite or proper to be done In connection therewith as each of said corporations could do, but reserving to each of said corporations full power of substitution and revoca- tion; and all of the acts of said Attorneys) -In -Fact, pursuant to these presents, are hereby ratified and confirmed ... ... The authority and powers conferred by this Power of Attorney do not extend to any of the following bonds,undertakings or contracts of suretyship: Bank depository bonds, mortgage deficiency bonds, mortgage guarantee bonds, guarantees of Installment paper, note guarantee bonds, bonds on financial Institutions, lease bonds, Insurance company qualifying bonds. self -insurer's bonds, fidelity bonds or ball bonds. This Power of Attorney is granted and is signed by facsimile under and by authorityof the following resolutions adopted by the respective Boards of Directors of INDEM14ITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, effective as of September 24,1986: RESOLVED, that the Chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby Is, authorized to execute Powers of Attorney, qualifying the attorney(s) named In the Powers of Attorney to execute, on behalf of the corporation, bonds, undertakings and contracts of suretyship; and that the Secretary or any Assis- tant Secretary of the corporation be, and each of them hereby Is, authorized to attest the execution of any such Power of Attorney; RESOLVED, FURTHER, that the signatures of such officers maybe affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Powerof Attor- ney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so afflxed and in the future with respect to any bond, undertaking or contract of suretyship to which it Is attached. IN WITNESS WHEREOF, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY have severally caused these presents to be signed bytheir respec- tive Presidents and allested by their respective Secretaries this 20th day of October, 1986. INDEMNITY COMPANY OF CALIFORNIA By Jerome J.w eney, President ATTEST /fin By— Harry 8. Crowell, Secretary STATE OF CALIFORNIA) ) SS. COUNTY OF ORANGE ) DEVELOPERS INSURANCE COMPANY^^ `— By ,,P AMY Jerome J el3ney, President 5\NaUR� {etepPOR4jf n o P4aRFO RRteo ATTEST i +kIB1B1•� i w 1967 O �� D w n Nn�(Ir00.+\�? --t•i�/ ° �[/ro PP�i•� By Harry . Crowell, Secretary On December 15, 1987, before me, the undersigned, a Notary Public in and for said State, personally appeared Jerome J. Sweeney and Harry C. Crowell, personally known to me (or proved to me on the basis of satisfactory evidence) to bathe persons who executed the within Instrument as President end Secretaryon behalf of Indemnity Company of California and as President and Secretary on behalf of Developers Insurance Company, the corporations therein named, and acknowledged to me that the corporations executed k. WITNESS my hand and official seal. Signature [ Notary Public CERTIFICATE OFFICIAL SEAL j VIRGINIA M. LOUMAN »'j►'Y�'✓) NOTARY PUBLIC -CALIFORNIA ORANGE COUNTY My Commission Expires Mar. 13, 1989 The undersigned, as Executive Vice President of INDEMNITY COMPANY OF CALIFORNIA, and Executive Vice President of DEVELOPERS INSURANCE COMPANY, does hereby certify that the foregoing and attached Power of Attorney remains In full force and has not been revoked; and furthermore, that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth In the Power of Attorney, are In force as of the date of this Certificate. This Certificate Is executed in the City of Anaheim, California, this 18 day of July _ 198 B. INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY \NaUq BY C,Y"%'/ t, I[ y ` eOCT 4 = BY Thomas H. Tyre[44r., '° n 1881 ao Thomas H. Ty4l, Jr., J IB1B ; Executive Vice President'1i �[/roP+\ j? Executive Vice President ID 310 REV. 12/87 EXECUTED IN TRIPLICATE Pa, eap No. 88-179 Bona Aount 815.000.00 Bond No. 9659485 Premium incl. in Performance Bond LABOR AND MATERIALS BOND WHEREAS, the City Council of the City of Tustin, State of California, and COLCO ••0 m : (hereinafter designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement dated 419�d ; and identified as project Parcel Map 88-179 is hereby referred to and made a part hereof; and WHEREAS, Under the terms of said agreement, principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Tustin to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Code of the State of California. NOW, THEREFORE, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Tustin and all contractors, subcontractors, laborers, materialmen and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Civil Code in the sum of Fifteen thousand dollars ($15,000.00) for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including attorney's fees, incurred by the City of Tustin or any and all persons, companies and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Code of Civil Procedure, in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. T+ _____- . . Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, a+Iteration or addition to the terms of said agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named on the 18th day of July 19 Bg PRINCIPAL:Colco Ltd.-Prosoa t yflrit d N 1 nershi (SEAL) APPROgl�,;.: G. APPROVED AS TO CONTENT: ACKNOWLEDGMENT OF SURETY: STATE OF CALIFORNIA ) COUNTY OF ORANGE SS. By: ames E. Collings, Partner 17320 Redhill Avenue, Suite 190 1T�1-Lna- I'alifnrni 971/ Address SURETY•Indemn;t y Cmm�any �F r^�ao--ni By: By: 11. K. chols, Jr., Attorney in Fact P. 0. Box 3343 Anaheim, California 92803 ress ON JULY 18 19 88 , before me, the undate, personally ersigne a Notary Pub is in and for said t appeared H. K. NICHOLS, JR. known to me to be the Attorney in Fact of INDEMNITY COMPANv nc rAI TCnMnlT i PARTNERSHIP ACKNOWLEDGMENT; ACKNOWLEDGMENT OF CORPORATION ACTING AS A PARTNER STATE OF CALIFORNIA ss. COUNTY OF On , 19 , before me, the undersigned, a Notary Public in and for said State, personally appeared , known to me to be the an known to me to be the of the corporation that executea tne within instrument and known to me to be the persons who executed the within instrument on behalf of the corporation, said corporation being known to me to be one of the partners of the partnership that executed the same. WITNESS my hand and official seal. ED PARTNERSHIP ACKNOWLEDGMI STATE OF CALIFORNIA ) ss. COUNTY OF ORANGE NOTARY PUBLIC in and for said State OFFICIALEEAL DA"iYN MARIE BEEBE . NOTA,YPUBLIC-CALIFORNIA PRINCIPAL OFFICE IN ORANGE COUNTY My Commisien Exp. Sept 16, 198E On Jul 16 ; 19 BQ before me, the undersigned, a Notary Public in and for said State, persona ly appeared James E. Collings , known to me to be the General Partner of Colco Ltd. -Prospect the limited partnership that executed the within instrument, an ac owledged to Ine that such limited partnership executed the same. WITNESS my hand and official seal. orlsaid State IMITED PARTNERSHIP; ACKNOWLEDGMENT OF CORPORATION ACTING STATE OF CALIFORNIA ) ss. COUNTY OF ) On , before me, the undersigned, a Notary Public in the aforesaid State, personally appeared known to me to be the and , known to me to be the of the corporation that executed the within instrument, known to me to be the General Partner of a limited partnership, and acknowledged to me that said corporation executed the within instrument, said persons known to me to be the persons who executed the within instrument on behalf of the corporation therein named, which in turn executed the within instrument on behalf of the limited partnership therein named pursuant to the bylaws or resolution of the Board of Directors of said corporation. WITNESS my hand and official seal. NOTARY PUBLIC in and for said State .,JOINT VENTURE ACKNOWLEDGMENT ,STATE OF CALIFORNIA ) ss. COUNTY OF ) On 19_, before me, the undersigned, a Notary Public 0 EXECUTED IN TRIPLICATE Parcel.Map No. 88-179 Bond No. 965949S Amount 1,000.00 Premium $50.00 CITY OF TUSTIN MONUMENTATION BOND KNOWN ALL MEN BY THESE PRESENTS: That COLCO LTD. -PROSPECT a Limited Partnership as, and hereinafter referred to, collectively, as "Principal", and INDEMNITY COMPANY OF CALIFORNIA a corporation organized and existing under the laws of the State of CALIFORNIA and duly.authorized to transact surety business in the State of California, as, and hereinafter referred to as, "Surety", are held and firmly bound unto the City of Tustin, hereinafter referred to as the "CITY", in the sum of $1,000.00 , for the payment of which Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally, as follows: THE CONDITION OF THE ABOVE OBLIGATION IS THAT: WHEREAS, Principal is the owner of a tract of land in the City, which it is seeking to subdivide and within which it seeks to dedicate certain streets and easements to public use, and has filed with the City a final subdivision map for such tract of land designated as Parcel Map No.88-179 forapproval and acceptance of such streets and easements; and WHEREAS, as a condition precedent to the approval of said tract map and the acceptance of the dedication of such streets and easements, Principal is required to construct and install survey monuments or agree to construct and install such monuments and execute and deliver to the City a bond on a form approved by the City, securing the faithful performance of the Agreement of Principal to construct and install such monuments, pursuant to the provisions of Sections 11592 of the Business and Professions Code of the State of California; and WHEREAS, Principal, by that Monumentation Agreement, dated 19 a copy of which is attached hereto as Exhibit "B", has agreed to construct and install such monuments; and WHEREAS, Principal shall complete the construction and installation of such monuments on or before /JP— 19L; and WHEREAS, the construction and installation of such monuments shall be at the sole cost and expense of Principal; and NOW THEREFORE, if Principal shall faithfully perform all agreements contained in such Monumentation Agreement, then this obligation shall be null and void. PROVIDED, HOWEVER, if Principal shall not faithfully perform all agreements and obligations contained in such Monumentation Agreement, then this obligation shall remain in full force and effect. PROVIDED FURTHER, HOWEVER, that Surety hereby stipulates and agrees that no change, extension of time, alteration or modification of the Monumentation Agreement, or of the work to be performed thereunder shall in any way effect its obligation on this bond and it does hereby waive notice of any such change, extension of time. alteration or modification of the contract documents or of work to be peformed thereunder; and PROVIDED, FURTHER, that in .case suit is brought upon this bond, a reasonable attorneys' fee, to be fixed by the Court, shall be paid by Principal or Surety. (SEAL) PRJj IPAL: Colco Ltd^- �ct, a Limiter I\ Partnership es E. Collings; Partner ress of Principal: 17320 Redhill Avenue, Suite 190 -2- SURETY: Ll.—emnity Company of California By tt neyn Fact "l y' H. K. Nichols, Jr. (SEAL) Address of Surety: P. 0. Box 3343 Anaheim, California 92803 APPROVED T .FORM: lty Attorney APPROVED AS TO CONTENT: City Engineer ACKNOWLEDGMENT OF SURETY: STATE OF CALIFORNIA ) COUNTY OF ORANGE SS. ON JULY 18 19 88 before me, the undersigned a Notary Public in and for said tate, personally appeared H. K. NICHOLS, JR. known to me to be the Attorney in Fact of INDEMNITY COMPANY OF CALIFORNIA , Surety, and known to me to bete person whose name is subscribed to the within instrument and acknowledged to me that he executed the same on behalf of the said SUR M COMPANY WITNESS my hand and oTT'Icial seat. - - OFFICIAL SEAL D%;NN MAAR;E BEEBE NOTARY PUOUC - CALIFORNIA FRLNCWAL OFFICE M ORANGE COUNTY My Canmk:m UP. SePt 16. 1988 ary Public�,i'n and f%or said State. 0 0 PARTNERSHIP ACKNOWLEDGMENT; ACKNOWLEDGMENT OF CORPORATION ACTING AS A PARTNER STATE OF CALIFORNIA ) ss. COUNTY OF ) On , 19 , before me, the undersigned, a Notary Public in and for said State, personally appeared known to me to be the an known to me to be the of the corporation that executea the within instrument and known to me to be Me — persons who executed the within instrument on behalf of the corporation, said corporation being known to me to be one of the partners of the partnership that executed the same. WITNESS my hand and official seal. LIMITED PARTNERSHIP•ACKNOWLEDGI NOTARY PUBLIC in and for said tate OFFICIAL SEAL STATE OF CALIFORNIA ) DA'NN MARIE BEEBE NOTARY PUBLIC - CALIFORNIA COUNTY OFORANGE ) ss. `� PRINCIPAL OFFICE IN O R A N G E ) ORANGE COUNTY MY Commi=ion EXP. Sept 16, 1968 On Jul 18 , 19 Btu before me, the undersigned, a Notary Public in and for said State, persona ly appeared James E. Collings , known to me to be the General Partner of Colco Ltd. -Prospect the limited partnership that executed the within instrument, an ac nowledged to me that�uch limited partnership executed the same. 1 WITNESS my hand and official seal. INUIARY PUBLIC In and for salt t—ate LIMITED PARTNERSHIP; ACKNOWLEDGMENT OF CORPORATION ACTING AS GENERAL R NE OF LIMITED PARTNERNIF STATE OF CALIFORNIA ) ss. COUNTY OF ) On , before me, the undersigned, a Notary Public in the aforesaid State, personally appeared known to me to be the and known to me to be the of the corporation that executed the within instrument, known to me to be the General Partner of a limited partnership, and acknowledged to me that said corporation executed the within instrument, said persons known to me to be the persons who executed the within instrument on behalf of the corporation therein named, which in turn executed the within instrument on behalf of the limited partnership therein named pursuant to the bylaws or resolution of the Board of Directors of said corporation. WITNESS my hand and official seal. NOTARY PUBLICin and for said State JOINT VENTURE ACKNOWLEDGMENT STATE OF CALIFORNIA ) ) ss. COUNTY OF 1 On 19 before me POWER OF ATTORNEY OF N° 026466 EMNITY COMPANY OF CALI IA AWEVELOPERSINSURANCE 4NY \ O. BOX 3343, ANAHEIM, CALIF. 92803 • (714) 999-1471 NOTICE: 1. All power and authority herein granted shall in any event terminate on the 31st day of December, 1988. 2. This Power of Attorney Is void II altered or If any portion Is erased. " 3. This Power of Attorney is void unless the seal Is readable, the text is in brown ink, the signatures are In blue Ink and this notice is In red Ink. 4. This Power of Attorney should not be returned to the Attorneys) -In -Fact, but should remain a permanent part of the obligee's records. KNOW ALL MEN BY THESE PRESENTS, that, except as expressly limited, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, do each severally, but not Jointly, hereby make. constitute and appoint ***H.K.NICHOLS, JR., MARLENE A. BAKER, LEONARD W. MILLER, JOINTLY OR SEVERALLY*** the true and lawful Attorney(,) -in -Fact, to make, execute, deliver and acknowledge, for and on behalf of each of said corporations as sureties, bonds, undertakings and contracts of suretyship In an amount not exceeding $7,500,000 In any single undertaking; giving and granting unto said Attorney(s)-In-Fact full power and authority to do and to perform every act necessary, requisite or proper to be done In connection therewith as each of said corporations could do, but reserving to each of saitl corporations full power of substitution and revoca- tion; and all of the acts of said Attorneyls)-In-Fact, pursuant to these presents, are hereby ratified and confirmed. The authority and powers conferred by this Power of Attorney do not extend to any of the following bonds, undertakings or contracts of suretyship: Bank depository bonds, mortgage deficiency bonds, mortgage guarantee bonds, guarantees of Installment paper, note guarantee bonds, bonds on financial Institutions, lease bonds, Insurance company qualifying bonds, self -insurer's bonds, fidelity bonds or ball bonds. This Powerof Attorney Isgranted and Issigned byfacsimile under and byaulhorityof thefollowing resolutions adopted bythe respective Boardsof Directorsof INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, effective as of September 24,1986: RESOLVED, that the Chairman of the Board. the President and any Vice President of the corporation be, and that each of them hereby Is, authorized to execute Powers of Attorney, qualifying the attorneyls) named In the Powers of Attorney to execute, on behalf of the corporation, bonds. undertakings and contracts of suretyship; and that the Secretary or any Assis- tant Secretary of the corporation be, and each of them hereby Is, authorized to attest the execution of any such Power of Attorney; RESOLVED, FURTHER, that the signatures of such officers may be affixed to any such Powerof Attorney or to any certificate relating thereto by facsimile, and any such Powerof Attor- ney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond, undertaking or contractor suretyship to which It Is attached. IN W ITNESS W HEREOF, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY have severally caused these presents to be signed by their respec- tive Presidents and attested by their respective Secretaries this 20th day of October, 1986. INDEMNITY COMPANY OF CALIFORNIA By' ) Jerome J. Owpeney, President ATTEST Harry . Crowell, Secretary STATE OF CALIFORNIA) SS. COUNTYOFORANGE ) DEVELOPERS INSURANCE COMPANY By Jerome J.t9l ney, President pP AM Y l-/ \N S llq ♦o 4aPP eR4� c �P`'oPFOR4d'rp z OCT.0. w ATTEST w kAR. 21 p d o lee/ a � n 1879 v By T'jny Harry C. Crowell, Secretary On December 15, 1987, before me, the undersigned, a Notary Public In and for said State, personally appeared Jerome J. Sweeney and HarryC. Crowell, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons who executed the within Instrument as President and Secretary on behalf of Indemnity Company of California and as President and Secretary on behalf of Developers Insurance Company, the corporations therein named, and acknowledged to me that the corporations executed it. WITNESS my hand and official seal. Signature / Notary Public CERTIFICATE .' . OFFICIAL SEAL VIRGINIA M. LOUMAN R` NOTARY PUBLIC -CALIFORNIA 4" ORANGE COUNTY ' My Commission Expires Mar. 13, 1989 The undersigned, as Executive Vice President of INDEMNITY COMPANY OF CALIFORNIA, and Executive Vice President of DEVELOPERS INSURANCE COMPANY, does hereby certify thatthe foregoing and attached Powerof Attorney remains Intuit force and has not been revoked; and furthermore, that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney, are In force as of the date of this Certificate. This Certificate Is executed in the City of Anaheim, California, this 18 day of J U I y 196 8 INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY o,,P LNY° 9\N6bR, ` e4aPr OR/rbc+ Q � 4.P�00.POR4�'kc^ rfj y o w Y ✓� [ w +MAR. 27, �� p By � t��� : ocr.a B Thomas H. Tyrell r., d n 1961 do Thomas H. T II, Jr., leis n Executive Vice President si'[/voa+���? Executive Vice President ° TrOa+�YrP 10 310 REV. 12/87 c:A--(] Ci4-rks C&fy SUBDIVISION AGREEMEN� THIS AGREEMENT made this /J' day of 1988, by and between the CITY OF TUSTIN, CALIFORNIA, a municipal corporation, herein called "CITY" and COLCO LTD. -PROSPECT, a Limited Pbrtnership , herein called "Subdivider" WITNESSETH That in consideration of the City's approving the Final Map of Parcel Map 88-179 the Subdivider hereby agrees to comply with all requirements of Chapter 18 of Article V of the Tustin City Code and to furnish and install all sidewalks, curbs, grading, paving, street light poles, sewer mains with sewer laterals, domestic water system, trees and other improvements in said subdivision without any cost to the City, all in strict accordance with the Ordinances of said City, and with the Plans and Specifications to be approved by the Tustin City Engineer, and all work to be done to the satisfaction of the Tustin City Engineer. Subdivider shall furnish a bond, or bonds, to guarantee his faithful performance of this Agreement and payment for materials, equipment and labor used in doing said work. Subdivider agrees that said work shall be completed within one (1) year of the date hereof and guarantees and warrants that,for a period of one (1) year following completion and acceptance by the City that said improvements shall be free of any defective work or labor done or defective materials furnished. ATTEST: Y CLERK I CITY OF TUSTIN By: MAYOR SUBDIVIDER By: Colco Ltd. -Prospect, a Limi Palktnership ames E. C-ollings, General Partne CERTIFICATE OF ACKNOWLEDGMENT STATE OF CALIFORNIA COUNTY OF ORANGE ) On this 4 day of.�' 1988, before me the undersigned, a Notary Public in and for the C:9unty of Orange, State of California, personally appeared RONALD B. HOESTEREY, personally known to me to be the MAYOR of the CITY OF TUSTIN, and MARY E. WYNN, personally known to me to be CITY CLERK of the CITY OF TUSTIN, the municipal corporation that executed the within instrument, and acknowledged to me that said municipal corporation executed within instrument pursuant to a Resolution of the City Council of the CITY OF TUSTIN. IN WITNESS WHEREOF, I hereunto set my hand and official seal. L�r.C.clic- /LL 1 anet M. Hester Notary Public in and for said County and State �,. OFFICIAL SEAL JANET M HESTER r;�n< NOTARY PUBLIC - CALIFORNIA ORANGE COUNTY My comm. expires DEC 13, 1988 s LIMITED PARTNERSHIP ACKNOWLEDGMENT STATE OF CALIFORNIA County of Orange On July 25, 1988, before me, the undersigned, a Notary Public in and for said State, personally appeared James E. Collings, known to me to be the General Partner of Colco Ltd. -Prospect the limited partnership that executed the within instrument, and acknowledged to me that such limited partnership executed the same. T WITNESS my hand and official seal. 'NOTARY PUBLIC in and for said state OFFICIAL SEAL 8ILDA CRISTINA VOLUNTAD a- m NOTARY PUBLIC - CALIFORNIA ORANGE COUNTY My comm. expires AUG 4, 19R9I STATE OF CALIFORNIA ) ) ss. COUNTY OF ORANGE ) ACKNOWLEDGMENT B Y On , 19 , before me the undersigned, a Notary Public in and for said tate, personally appeared RICHARD B. EDGAR, known to me to be the MAYOR and MARY E. WYNN, known to me to be the CITY CLERK, of the CITY OF TUSTIN, the municipal corporation that executed the within instrument, and acknowledged to me that said municipal corporation executed the within instrument pursuant to a Resolution of the City Council of the CITY OF TUSTIN. WITNESS my hand and official seal. Notary Public in and for said State INDIVIDUAL ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF ) On , 19 , before me, the undersigned, a Notary Public in and for 7he State of Ca ifornia, personally appeared known to me to be the person whose name is subscribed tote within instrument and acknowledged to me that executed the same. WITNESS my hand and official seal. Notary Public in an for said State CORPORATE ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF On 19 , before me, the undersigned, a -Notary Public in and for said State, personal y appeared known to me to be the an ' known to me to be the of the corporation t at executed the within instrument, known to me to be the person who executed the within instrument on behalf of the corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its Board of Directors. WITNESS my hand and official seal. otary Public in and for said State PARTNERSHIP ACKNOWLEDGMENT STATE OF CALIFORNIA ) COUNTY OF) ss. Oran9p OnJulX 18 19 80 before me, a undersigned, a Notary Public in and for said State, persona appeared J 3 s E. Collings known to me to be one of the part s of t partnership that executed the within instrument, and acknowledged to me t uch parn.,rshiexecuted the same. WITNESS my hand and nffiri gaal Parcel Map No. 88-179 •All&ond Amount T3,000.00 nd No. 9659485 xpiration date Premium: NIL CITY OF TUSTIN SUBDIVISION WARRANTY BOND WHEREAS, The City Council of the City of Tustin, State of California, and (hereinafter designated as "principal") have entered into an agreement whereby principal agrees to install and co Tete certain designated public improvements, which said agreement dated 195 , and identified as project PARCEL P N0. 88-179 is hereby referred to and made a party hereof; and WHEREAS, said principal is required under the terms of said agreement to guarantee and warrant that said improvements shall be free of any defective work or labor done or defective materials furnished for a period of one (1) year after completion or acceptance by the City of Tustin (hereinafter called "Tustin"). NOW, THEREFORE, we, the principal, and INDEMNITY COMPANY OF CALIFORNIA as surety, are held and firmly bound unto Tustin in the penal sum of Three thousand dollars ($3,000.00) lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement regarding the guarantee and warranty of said improvements as aforementioned and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Tustin, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. ACKNOWLEDGMENT OF SURETY: g. STATE OF CALIFORNIA ) ) SS. COUNTY OF ORANGE ) ON JULY 18 1988 beforelne, the undersigned, a Notary Public in and for said State, personally appeared H. K. NICHOLS, JR. , known to me to be the Attorney in Fact of INDEMNITY COMPANY OF CALIFORNIA , Surety, and known to me to bete person whose name is subscribed to the within instrument and acknowledged to me that he executed the same on behalf of the said SUR M COMPANY WITNESS my hand and official seal. _ OFFICIAL SEAL DA'iVld MARIE BEEBE NOTA{Y PUBLIC - CALIFORNIA PRINCIPAL OFFICE IN ORANW COUIM /10�� / Mr CMIRI M EXP. Sept 16, 1988 Notary Public in and or said State. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In Witness Whereof, this instrument has been duly executed by the principal and surety above named,.on the 18 day of July , 19 88 PRINCIPAL:Colco Ltd. -Prospect, a Limited Partner ship (SEAL)By C ames E. Collings, Fla V#irc=g By- General Pa ner Address of Principal: 17320 Redhill Avenue, Suite 190 Irvine, California 92714 SURETY: Indemnity Company of California (SEAL) By: H. K. 'Nichon, Jr.Attorney in Fact Address of Surety: P. 0. Box 3343 Anaheim, California 92803 APPROVED AS TO FORM: CITY OF TUSTIN By: ATTORNEY APPROVED AS TO CONTENT: By: CITY EN INEER TS. 12 SN:sl 4/13/76 P ACKNOWLEDGMENT: ACKNOWLE STATE OF CALIFORNIA ) ss. COUNTY OF ) • )GMENT OF CORPORATION ACTING On , 19 , before me, the undersigned, a Notary Public in and for said State, personally appeared known to me to be the an known to me to be the of the corporation that executed tne within instrument and known to me to be Me — persons who executed the within instrument on behalf of the corporation, said corporation being known to me to be one of the partners of the partnership that executed the same. WITNESS my hand and official seal. LIMITED NOTARY PUBLIC in and for said tate STATE OF CALIFORNIA ) DA'NN MARIE BEEBE $ $ . ...�' NOTARY PUBLIC - CALIFORNIA COUNTY OF ORANGE y^ PRINCIPAL OFFICE IN ORANGE COUNTY OF Canmitson Exp. Sept. 16, 1968 OnJul 18 rsigned, a Notary Public in and for said State, persona ly appeared James E. Collings known to me to be the General Partner of Co1co Ltd. -Prospect the iimited partnership that executed the within instrument, nowledged to Ine/that such limited partnership executed the same. WITNESS my hand and official seal. LIMITED PART STATE OF CALIFORNIA COUNTY OF NOWLEDGMENT OF ss. PORATION ACTING AS n anal r.or s On , before me, the undersigned, a Notary Public in the aforesaid State, personally appeared known to me to be the and known to me to be the of the corporation that executed the within instrument, known to me to be the General Partner of 'a limited partnership, and acknowledged to me that said corporation executed the within instrument, said persons known to me to be the persons who executed the within instrument on behalf of the corporation therein named, which in turn executed the within instrument on behalf of the limited partnership therein named pursuant to the bylaws or resolution of the Board of Directors of said corporation. WITNESS my hand and official seal. NOTARY PUBLICin and for said State JOINT VENTURE ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF ) On 19 before me, the undersigned, a Notary Public in and for said State. oersonallv annaarprl _ ._ • MONUMENTATION • AGREEMENT This agreement made and entered into this /rP day of , 192', by and between COLCO LTD. -PROSPECT, a Limited Partnership hereinafter referred to as "Subdivider" and the City of Tustin, a municipal corporation, hereinafter referred to as "City". WHEREAS, Subdivider has prepared and offered to City for acceptance a final map of Parcel Map No. 88-179 ; and WHEREAS, Section 11592 Business and Professions Code requires that tract monuments be set by Subdivider before recordation of a final tract map or that Subdivider contract for and bond such obligations. NOW, THEREFORE, Subdivider hereby agrees to furnish and install all monuments for /w�uiilugr)gon or before /� 19 in accordance with fhe provisions of law, and furnishes a bond/cash in the sum of One thousand dollars ($1000.00) CITY OFF TUS(TJIINN By� L,4 MAYOR SUBDIVIDER Colco Ltd. -Prospect, a Limited nership By: orporation Acknowledge nt James E. Collings,�e General Partner EXHIBIT "B" r LIMITED PARTNERSHIP ACKNOWLEDGMENT STATE OF CALIFORNIA County of Orange On July 25, 1988, before me, the undersigned, a Notary Public in and for said State, personally appeared James E. Collings, known to me to be the General Partner of Colco Ltd. -Prospect the limited partnership that executed the within instrument, and acknowledged to me that such limited partnership executed the same. r`!�J ,lfV lvl I,VJ` WITNESS my hand and official seal. NOTARY PUBLIC in and for said state ,;,°,..... OFFIC7A'- SEAL HILDA CPN INA VOLUNiAD m NOTARY PUBLIC - CA.i ff OR NIq ORANGE CCUNTY MY comm. expires A INA :lily Elf illl0l9F:114R�11l"A9Dili 4ul9111 STATE OF CALIFORNIA COUNTY OF ORANGE ) On this / � day of1988, before me the undersigned, a Notary P,Iblic in and for the County4ofralneZge, State of California, personally appeared RONALD B. HOESTEREY, personally known to me to be the MAYOR of the CITY OF TUSTIN, the municipal corporation that executed the within instrument, and acknowl dged to me that said municipal corporation executed within instrument pursuant to a Resolution of the City Council of the CITY OF TUSTIN. IN WITNESS WHEREOF, I hereunto set my hand and official seal. J:�� 16(, Janet M. Hester Notary Public in and for said County and State OFFICIAL SEAL JANET M HEST ER m NOTARY PUBLIC - CALIFORNIA ORANGE COUNTY My comm. '.pins DEC 13, 1985 • ACKNOWLEDGMENT BY CIO STATE OF CALIFORNIA ) ss. COUNTY OF ORANGE ) On , 19 , before me the undersigned, a Notary Public in and for said tate, personally appeared RICHARD B. EDGAR, known to me to be the MAYOR and MARY E. WYNN, known to me to be the CITY CLERK, of the CITY OF TUSTIN, the municipal corporation that executed the within instrument, and acknowledged to me that said municipal corporation executed the within instrument pursuant to a Resolution of the City Council of the CITY OF TUSTIN. WITNESS my hand and official seal. Notary Public in and for said State INDIVIDUAL ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF ) On , 19 , before me, the undersigned, a Notary Public in and for the State of California, personally appeared known to me to be the person whose name is subscribed tote within instrument and acknowledged to me that executed the same. WITNESS my hand and official seal. Notary Public in and for said State CORPORATE ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF ) On 19 , before me, the undersigned, a Notary Public in and for saidtate, personally appeared known to me to be the an known to me to be the of Me corporation that executed the within instrument, known to me to be the person who executed the within instrument on behalf of the corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its Board of Directors. WITNESS my hand and official seal. Notary Public in and for said State PARTNERSHIP ACKNOWLEDGMENT STATE OF CALIFORNIA ) ss. COUNTY OF Orange ) On J 1 18 19 BQ beZpartner,&J�hat undersigned, a Notary Public in and for said State, persona appearedollings known to me to be one of the part s of executed the within instrument, and acknowledged to me t such part n ship a ecuted the same. /�