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1993-0609_GLENFED DEV CORP._Staff Memo MEMORANDUM June 9, 1993 TO: Dawn Schanderl, Deputy City Clerk FROM: Sam Shoucair, Associate Civil Engineer SrS • SUBJECT: Glenfed Assignment to CCL Realty of Improvement Agreements, Tracts 12262 and 12423 The response to your attached memo regarding the subject bond exoneration is as follows: CCL has provided bonds through their builder, Newport National, to replace the Glenfed ones for Private Improvements only and does not have the obligation to provide additional sureties. Therefore, Glenfed bond No's. 6154410 and 6154413 that have been replaced with Newport National (for CCL Realty) bond No. 134671 and bond No. 13423, respectively, can now be released (City Council approved the transfer of assignment from Glenfed to CCL Realty on April 20, 1993). The Public Improvements are not the responsibilities of CCL Realty. They still belong to Glenfed and they should remain in full force. As to the insurance issue, yes, CCL Realty/Newport National has to provide insurance as required by the Improvement Agreement. I contacted Mark Knepper of Newport National at (619) 438-5885, extension 204 and was informed that he will send a new Certificate of Insurance as soon as possible. If you need further assistance, please let me know. SS:ssg cc: William M. Huber Ted Simon Cher yl/Johnson Fico Aguilera • r MEMORANDUM TO: Sam Shoucair, Associated Civil Engineer FROM: Dawn M. Schanderl , Deputy City Clerk Ce/7Ybf] DATE: June 8 , 1993 SUBJECT: Glenfed Assignment to CCL Realty of Improvement Agreements, Tracts 12262 & 12423 Per our conversation of yesterday, June 7 , 1993 , I need to know the answers to the following questions : 1 . Glenfed bonds (see attached lists) that are still active are they to be released? 2 . Is CCL Realty to provide bonding? 3 . Is CCL Realty to provide insurance as required per improvement agreements? Thank you for your cooperation. cc: William Huber, Director of Engineering & Building Theodore Simon, City Engineer Cheryl Johnson, City Clerk DEVELOPMENT BOND LIST DEVELOPER BOND NO. /TYPE AMOUNT REDUCED/RELEASED (Tract) (Amt/Date) Marbella Dev (cont) NA100654 F Perf Public Storm Drain 183 , 083 Reduced by CA $1, 000 9/5/89 12954 SDI Phase II Released by CA 9/24/91 NA100654 L&M Public Storm Drain 183 , 083 Reduced by CA $1 , 000 9/5/89 Phase II Released by CA 9/24/91 NA100657 Perf Private Storm Drain 193 , 143 Reduced by CA $2 , 500 9/5/89 Phase III Released by CA 9/24/91 Morocs, Kamal , 146636 Certificate of Deposit 18 , 088 Released to Marcos 1/13/93 per & Cvengros Building Official 10593 S 0957101783 Time Deposit Receipt 9 , 408 26668 Time Certificate of Deposit 29, 000 Lots 4 & 5 & Parcel 4 of PM172/18-20 Nasre, N SAS152164 Irrev Standby Credit 119, 125 Letter of Credit expired on 12/1/91. S Grading/Landscaping/ On-Site Imprv/ Request by Building Official to Property Restore 32101 Peppertree Bend close file out, dated 3/24/93 . FOR CC L FEALTY Newport National 134671 Time Certificate of Deposit 34 , 030 (GlenFed) assignment coming Communities Surface Asphalt, Sidewalk & Valve/ (CCL Realty) 12262 IMPRV Manhole Adjusting Newport National 134674 Time Certificate of Deposit 27 , 150 (GlenFed) assignment coming Communities Surface Asphalt, Sidewalk & Valve/ (CCL Realty) 12423 IMPRV Manhole Adjusting D=Development Agreement L&M=Labor & Material SDI=Subdivision Improvement Agreement F Perf=Faithful Performance S=Surety Agreement CA=Council Action 13 r l ey a-re. �c b._...tclfYS got CC L �ec.Q�'ors a44 �►a,�Jc V'cpI Qca GI en Qe onciz rh�q h[eeA In `(< -6Con�7 ' 9n next QQoL5 4- I 5 DEVELOPMENT BOND LIST DEVELOPER BOND NO. /TYPE AMOUNT REDUCED/RELEASED (Tract) (Amt/Date) Glenfed Dev 30072525 Monumentation 3 , 278 Released by CA 8/8/91 12828 IMPRV 30072523 F Perf Public Off-Site 264 , 434 Released by CA 8/8/91 30072523 L&M Impry Public Offsite 264 , 434 Released by CA 8/8/91 30072524 Perf Private On-Site Strs 149 , 028 Released by CA 8/8/91 mfed Dev 6174417 Monumentation 5, 348 Released by CA 2/19/91 12829 IMPRV 6154415 F. Perf Impry Public Strs 198 , 480 Released by CA 8/6/91 6154415 L&M Impry Public Strs 198, 480 Released by CA 8/6/91 6154416 Perf Impry Private Strs 144 , 175 Glenfed Dev 6154419 Perf Bond Private Streets 162 , 945 Released by CA 8/17/92 12830 IMPRV Glenfed Dev 30072529 Monumentation 978 Released by CA 2/19/91 12831 IMPRV 30072527 F Perf Impry Off-Site 110, 120 Released by CA 8/8/91 30072527 L&M Impry Off-Site Public 110, 120 Released by CA 8/8/91 30072528 Perf Impry On-Site Strs 170, 207 Released by CA 8/8/91 Glenfed Dev 6154411 Monumentation 4 , 888 Released by CA 8/6/91 12262 IMPRV 6154409 F Perf Off-Site Impry 215, 382 Reduced by CA $64 , 615 8/6/91rr 6154409 L&M Impry Off-Site 215, 382 Reduced by CA $64 , 615 8/6/91 6154410 Pert Impry Private Strs 102 , 270 Reduced by CA $34 , 030 7/16/91 . Glenfed Dev 6127141 Perf On/Off-Site Grading, 6, 173 , 400 Reduced to $200, 000 6/1/90 12262/12423 D Landscaping, Irrigation by Building Official D=Development Agreement L&M=Labor & Material SDI=Subdivision Improvement Agreement F Perf=Faithful Performance . S=Surety Agreement CA=Council Action 4 �E Cc 6c r c 5 c nom(<- fr CPwkc�Q .lp fr, ,k Ass;Jnm,-,,l-AJon 4A V9 KiNiEc 5-4 - 93 DEVELOPMENT BOND LIST DEVELOPER BOND NO./TYPE AMOUNT REDUCED/RELEASED (Tract) (Amt/Date) Glenfed Dev 6154414 Monumentation 2 , 990 Released by CA 8/6/91 12423 IMPRV 6154412 F Perf Public Strs 248 , 932 Reduced by CA to $74 , 680 8/6/91/-(o1��� 6154412 L&M Public Strs 248 , 932 Reduced by CA to $74 , 680 8/6/91 6154413 Perf Private Strs 81 , 547 Reduced by CA to $27 , 150 8/6/91 �u - uc /cY.tdlc.l; endale Fed 9777076 Statutory Perf Grading 193 , 000 Released by Building Official 1/2/92 10318 Lot E Glendale Fed Letter of Credit 25 , 000 10318 Traffic Street Light San Juan Creek Rd/La Novia Ave Glendale Fed Letter of Credit 350, 000 10318/10319 Grading Permit - F Perf LETTER AGREE Glendale Fed Letter of Credit 25, 000 10319 Traffic Street Light San Juan Creek Rd/La Novia Ave endale Fed F Perf Master Storm Drain 331 , 000 Released after lyr maint 9/2/87 0319 L&M Master Storm Drain 331, 000 Released by CA 9/2/86 Glenfed Dev B1830501 Perf Bond La Novia 20, 000 Released by CA 9/3/91 REIMBURS Ext, Erosion Control B1830502 Perf Bond La Novia 140, 000 Released by CA 9/3/91 Ext, Landscape Construction D=Development Agreement L&M=Labor & Material SDI=Subdivision Improvement Agreement F Perf=Faithful Performance S=Surety Agreement CA=Council Action 5 C�j(. 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