HomeMy WebLinkAbout1977-11-01; City Council; 2207-7; NEW BOND AND AGREEMENT SUBSTITUTION UNIT NO 2 (CC&F) SOUTH OF PALOMAR AIRPORT ROAD & WEST OF CAMINO VIDA ROBLE1 * 4 CITY OF CARLSBAE ro /-, i 8
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PGEhDA RILL NO. Initial:
DATE : November I, 1977
DEPARTMENT :
Subject: New Bond and Agreement Substitution
CT 73-49, Unit No. 2 (CC & F)
Dept . Hd -2c:J
- c. Atky.-G
:> Eng i neeri ng. C. Mgr, i\
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South of Palomar Airport Road & West of Camino Vida Roble --
_. Statement of the Matter
Pa lomar Ai rport Business Park has iiot been able to complete pub1 ic improvemenl
required with this subdivision within the time limit specified in the improve-
ment agreement executed November 16, 1976. The Final Map of CT 73-49, Unit 2
was approved by Council on November 16, 1976.
Agreement and bond amounts have been increased to meet higher construction
costs. The time limit on the agreement has been extended to 18 months to
ai low Palomar Airport Business Park time to work out feasibi I ity problems.
Although the request was for one year, our standard forms provide for an 18 months time period on agreements.
Council approval is necessary to permit substitution of the attached new bond:
and agreement for existing bonds and agreement e
Exhi bits
Letter requesting extension
Location Map
Bonds and Agreement
Recommen dat ion
If City Council concurs, they should adopt a motion accepting the new bonds
and agreement and authorizing the City Clerk to release existing bonds and
ag reemen t .
Council action
11-1-77 Council accepted the new bonds and agreement and the Clerk
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authorized to release existing bonds and agreement.
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$ SSOdh3 0 ENGNEEQS, ARCHI 1) l &TS & PWNNERS
r ry i r~l:f;rw~ . vv
Job No. 6013
-7 $3 -@-I B q-?? &LfIt4$g E /
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CLty ob CwLenbad
1200 Elm SLteeA
Cah&bud, Cu. 92008
CITY (4& C,aRLSBA I ,y ktt-n: Cay Munugm c I\ k2*
Engineering DE7af3;?f% Ge.vl;temeiz:
OK behCLe6 06 uU~ &e&, PALO,!lAR ATEPORT BUSINESS PARK, U?Q l~~uRd like Ltc keque~jk a 1 yeah &he extenbion so& $he bubckvhiovl LmpkuvemenX agmwnerd doti PaLornah kihpoht kbinQnb Pwtiz, ii,u2 6 2.
The cwLen-t agtreem;n-t wE exphw o:? L'overnbQn 76, 1977, clnd due $0 nmzy hatfotzn, a huh MO~ bew pObbLb.!e ori ~ccnomLc&y (eaible Lo pftoceed ~Lth coiz!&tuOtiun ol; ,the public .imp?avetnem% at Xtizxn dde.
Some 06 the haotou me:
7. MukkeX demand (jok devc2upe.d u;zd hnp4oved Ruh in UYU% g 7 !ZOA bew
vQny aUive du&g 7977, howcveh, Xhe invejztohq c.6 avcLieubRes land hub nux mude devdc.pmevLt 06 uddi/tioncd inv~i~totiy 6euLbRe uW 2ec217;teq.
lnipobXuiL o 1; a A awt nior~atu/riwn !tu phc kLbiLed cu ~tifiufiLLc il u 6 aden and rna,dx,ting u$ exL~Xii:g Urd + 7 inveuAmy,
ClzangQn 06 car,poMe uwne~~kip, mulzagsmer.tt, und k~n~3~ucXtu~Lr~g .j$ development ~inancilzg ha^ cuubed cr nRov~dowiz 06 devc20pmer7;t nchedding.
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PALOMAR AIRPORT EUSlNESS ?ARK rnuvlageme& lzu auA'Jlzuhized and hhi!ed cui.l/t~~uDf;ci
,to enabte dQcSign ol; ,the l;itzd lux deuctopnle~;t Situding pLmh dux UiLt d 2
ko ptroceed and ,tltin wo,ith 4s c~~mei7;tey in p&og&eAb.
ko do Zhc. man gmdirzg in advunce 06 cai.zn&uotion oh public 6,9ie& and uXiLLtia, and x:lzae.dor~e Lt will nojk be poaaible 20 compleXe ;the pub&c .tjnpmvme& fieqlLirted by ;the agxeernelzk wiLkin Zize hmdvting ;time.
In viw 06 the above ~ac,.t~ and in colzcsidmadion 05 ,the criibcl,tanZLu-! ,i~~en&ne~lk made by PALOIMR 4ZRPORT BUSZNESS PARK in Zkin ptroject, we trQnpeot6uRRy
tuque& klznt you pa& a 1 yewt ;time ex;ten~ion beyond .the exinXing expi- ution date.
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Z;t LA 06 CUUAAC QcShsnLd
1.
ffewty L. Wokee
WILLDAN ASSOCIATES
fftw/ 6W Copy: Mh. B~nvLie G&~tre, PALOMAR AIRPORT BUSINESS PARK
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1650 HOTEL CiRCLE NORTH, SUITE 202 * SAN DIEGO, CALIF. 92108
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V’7Cpgglil7-Y MAP
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DATE OF AGREE?.?.ENT: .-~ NOVEMBER 10, 1977
NARE AND NUMBER OF smn:cvIsrox: Airport Business Park) CT 73-49 Unit FIo.2 (C.C.& F. Palon
\ NiWK OF SUSDIVIDER: .??nLox?xR AIRPORT I3USINESS PARK, A GESERAL pd
f 1 ESTLYATED TOTAIL COST OF :CP4PROVZXENTS : $393,260
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RESOLUTION OF APPROVAL NO. : 3272 ADOPTED : November 20!
IEPIPROVEF!ENT DRAIJINGS NO. : - I
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185-7
SURETY AfSD BOND EO.
This agreement is made and entered into by and between
CITY OF CARLSBAD, California, a Plunicipal Corporation of thi
State of California, hereinafter referred to as CITY; arid tl
isubdivider name6 on Line 3 of Page 1 hereof, hereinafter re. j to as SuBmvrmR,
I
J RECITALS :
WHEIiEAS I Subdivid-er has presented to City €or approval ’ recordation, a final subdivision map of a proposed subdivis
stated in Lines 2 and 3 of Page 1 hereof pursuant to prods 1 of the Subdivision Map Act of the State of California, and
I I compliance with the provisions of Title 20 of the Carlsbad
1 Nunicipal Code (hereinafter rezerred to as CODE) relating f
filinq, approval and recordation of subdivision maps; and
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WHEREAS, a tentative map of the suSdLvision has been t
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’ subject to the requirements and conditions contained in th
resol.u-tion listed on Line 7 of Page 1 hereof- Said resolut
on file in -the office of the City Clerk and is incorporated I
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1 by reference and made a part hereor; and
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WHEREAS, the Code provides that before the fical map
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shall enter into an agreement with City, secured by an approve
improvement security to insure the performance of the work pur
to the requirements of the Code, agreeing at its own expense t
install and complete, free of liens, all of the public inprovt
and land development work required in the subdivision within .
definite period of time prescribed by the Council; and
WI-IEIEAS, Subdivider, in consideration of the approval an
recordation of this map by the Council, desires to enter intc
agreement wherein it is provided that; Subdivider will install
complete at its own expense, all the public improvement work
required in connection with the proposed srrbdivision and wil’
deliver to City an improvement security as approved by the C
Attorney; and I
WHEREAS, complete plans and specifications for the cons
tion, installation and completion of the public improvement
have been prepared and approveci byf the’ City Engineer , as shc
the drawings listed on Line 8, of Page 1 hereof which have 2
filed in the office of the City Engineer and are incorporate
reference Iicrein and made a part hereof; arid
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WHEJUAS, it is necessary that certain monuments and st
as specified on the final map shall be installed within thi
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I. map resolution, and any amendments thereto and \
the provisions of the Code.
(b) Complete at its own expense, in accord with the
and specifications and to the satisfaction and i
of the City Engineer, all of the public improver
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and land development work required in and atljoir
the subdivision.
(c) Furnish the necessary materials therefor, in COI
formity with the plans and specifications on fi:
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in the office of the City Engineer.
Notify City Engineer in writing at least fifteen
days prior to the commencement of the work hereu
so that City Engineer shall be able to provide
services of inspection,
Complete the improvements under this contract 01
or before the time limit stated in Line 6 of Pat
hereof.
Install all monurnents required by law within th
days after the completion and acceptance of the
improvements by the City Engineer.
(d)
(e)
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(4) Install temporary street name signs if permanel
street name signs have not been installed.
2. If any of the public improvement and land developme:
rk contemplated by this agreement is to be constructed or
d on land not owned by Subdivi$-er, no construction or inst
all be commenced prior to the dedication and acceptance b)
appropriate easements,
3. The City Engineer or his duly authorized represent2
on request of Subdivider, shall inspect at Subdivider's e:
e improvements herein agree3 to be constructed and instal
bdivider, and if determined to be in accordance with appl
ty standards and the terms of this agreement, shall recom
e acceptance of such improvements by City. Subdivider sl-
all times maintain proper facilities, and provide safe E
r inspection by City, to 211 parts of the work, and to tE.
erein the work is in preparation.
I 4. Subdivider shall furnish to City good and sufficic
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security on forms approved by City, in the amount of 100% of
stimated cost of said improvements as stated on Line 4 of Pa(
ereof, to assure faithful performance of this agreement in
egards to said improvements, and in the additional amount of
f said amount for securing payment to contractor, his subcon
I\ ors and persons renting equipment or furnishing labor or mat
them for the improvements required to be constructed or
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stalled hereby, and in the additional amount of 258 of saic
ount to guarantee or warrantythe work done pursuant to this
reement for a period of one year following acceptance then
City against any defective work or labor done or defectivt
terials furnished. Subdivider shall furnish to City such
curity in the amount of 100% of the estimated cost of sett
bdivision monuments as stated on Line 5 of Page I, hereof
required by this agreement. The securities required by t
reement shall be filed with the City Clerk and when so fil
all be incorporated by reference herein.
5. Any changes, alterations or additions to the irnprov
ans and specifications or to the improvements, not exceedi
the original estimated cost of the improvement, which arp
tually agreed upon by City and Subdivider, shall not relic
3 e improvement security given for faithful performance of 1
I provement. In the event such chdnqes, alterations, or ad(
ceed 10% of the original estimated cost. of the improvemen
bdivider shall provide improvement security for faithful
rmance as required by Paragraph 4 of this agreement for 1
the total estimated cost of the improGement as changed,
amended, minus any completed partial releases thereof as
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by Paragraph 6 of this ayreement.
6. The securities required by this agreement shall be
el-eased as follows:
(1) Security given for faithful performance of any I
act or agreement shall be released upon the fina
completion and acceptance of the act or work, si
to the provisions of Subsection (2) hereof.
(2) The City Engineer may release a portion of the
security in conjmction with the acceptance of
performance of the act or work as it progresses
upon application therefor by the Subdivider; pr
however, that no such-release shall be €or an a
less than 25% of thc total improvement security
for faithful performance of the act or work an<
that the security shall- not be reduced to an ar
less than 50% of the total improvement securit:
given for faithful performance until Zinal com'
and acceptance of the act or work, In no eve'n
the City Engineer authorize a release of the i.
ment security which would reduce such security
an amount below that required to guarantee the
coinpletion of the act or work and any other ob
imposed by the Code, (the. Subdivision Map Act c
agreement .
Security given to secure payment to the contri
his suhcontractors and to persons furnishing
materials or equipnent shall, six months afte
completion and acceptance of the act or work,
(3)
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reduced to an amount equal to the amount of a1
therefor filed and of which notice has been gi
the legislative body plus an amount reasonably
mined by the City Engineer to be required to a
performance of any other obligations secured t
The balance of the security shall be released
settlement of all such claims and obligations
which the security was given.
(4) No security given for the guarantee or warran
work shall be released until the expiration o
period thereof arid until any claims filed dur
period have been settled.
7. Subdivider shall replace, or have replaced, or rep
have repaired, as the case may be, a11 pipes and monunents
the map which have been destroyed or damaged, and Subdivid
replace or have replaced, repair, or have repaired, as the
be, or pay to the owner, the entire cost of replacement or
of any and all property damaged or destroyed by reason of
done hereunder, whether such property be owned by the Unit
or any agency thereof, or the State of California, or any
political subdivision thereof, or by the City or by any pt
private corporation, or by any person whomsoever, or by a
nation of such owners. Any such m,epajr or replacement sh
the satisfaction, and subject to the approval, of the Cit
8. Subdivider shall, at Subdivider’s expeI’o;e, obtain
necessary permits and licenses for the construction of su
. improvements, give all necessary notices and pay all fees
taxes required by law.
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obligation twenty days after mailing written notice of defaul
Subdivider and to Subdivider's Surety, and agrees to pay the
cost of such performance by City.
The sums provided by the improvement security may be
by City for the completion of the public improvements within
subdivision in accordance with specifications contained herej
City may take over the work and prosecute the same t
completion, by contract or by any'other method City may deem
addsable, for the account and at the expense of Subdivider,
Subdivider's Surety shall be liable to City for any excess c
or damages occasioned City thereby; and, in such event, City
without liability for so doing, may take possession of, and
in completing the work, such Fiaterials, appliances, plant ar
property belonging to Subdivider as may be on the site of tl
and necessary therefor. 1 I obl-igation hereunder, Subdivider agrees to pay all costs ant
10. In the event that Subdivider fails to perform any
expenses incurred by City in securing performance of such
obligations, including costs of suit and reasonable attorne
fees.
11. Subdivider shall guarantee or warranty the work dc
' pursuant to this agreement for a period of one year after .'
acceptance of said work against any defective work or 1abo-
I I or defective materials furnished. If within said period ai
I structure or part of any structure furnished and/or instal
constructed, or caused to be installed or constructed by
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Subdivider, or any of the work done under this agreement, fa5
tc fulfill any of the requirements of this agreement or the r
and specifics-tions referred to herein, Subdivider shall withc
delay and without any cost to City, repair or replace or recc
struct zny defective or otherwise unsatisfactory part or parf
the work or structure. Should Subdivider fail to act prompt1
in accordance with this requirement, Subdivider hereby authoi
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City, at City's option, to perform the work twenty days aftei
mailing written notice of default to Subdivider and agrees tc
pay the cost of such work by City. Should the exigencies of
case require repairs or replaccments to be made before SubdiT
1 can be notified, City may, at its option, make the necessary
repairs or replacements or perform the necessary work and SUI
divider shall pay to City the cost of such repairs.
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12. Neither Subdivider n3r any of Subdivider's agents 01
contractors are or shall be considered to be agents of City
connection with the performance of Subdivider's obligations
this agreement.
13. Nothing contained in this agreement shall preclude
from expending monies pursuant to agreements concurrently or
previously executed between the parties, or from entering in
agreements with subdividers for the apportionment of costs o
water and sewer mains pursuant to the provisions of the Carl
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Municipal Code providing therefor, nor shall anything herein
stated commit City to any such apportionment.
14. Until such time as all improvements rccpired by thi
agreement are fully completed and accepted by City, Subdivid
will be responsible for the care, maintenance of and any dam
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to such improvements. Subdivider shall give good arid adeqt
warriincf to the traveling public of each and every dangerous
condit-ion existent in said improvements, and will protect t
traveling public from such defective or dangerous conditisr
The Subdivider hereby agrees to pay for such inspection of
improvements as may be required by the City Engineer of the
City.
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15. Upon acceptance of the work on behalf of City an(
recordation of the Notice of Conpletion, ownership of the
improvenents constructed pursuant to this agreement shall 7
City.
16. Acceptance of the work on hehalf of City shall be
I by the City Engineer upon authorization of the City Counci: 1 acceptance shall not constitute a waiver of defects by Cit;
17. 'Subdivider hereby binds itself, its executors, ac
trators and assigns, and agrees to indemnify and hold City
fron any losses, claims, demands, actions, or causes of ac. 1 any nature whatsoever, arising out of or in any 'way connec
the improvements agreed to be constructed and installed he
by Subdivider, including costs of suit and reasonable atto
fees for a period of one'year following the acceptance of
improvements by City.
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18. City shall not, nor sha1.l any officer or employe
of, be liable or responsible for any accident, loss or dam
happening or occurring to the work or improvements specif?
this agreement prior to the completion and acceptance of s
shall said City, nor any officer or employee thereof, be 1
any persons or property injured by reason of said work or
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ments, but all of said liabilities shall. be assumed by Subdi
19. Sale or other disposition of this property will nc
relieve Subdivider from the obligations set forth herein.
20. Time is of the essence of this agreement. Subdiv
shall commence substantial construction of the improvements
required by this agreement not later than nine months prior
the time for completion. Provided that in the event good C~
is shown therefor, the City Council may extend the tine for
commencement of construction or completion of the improveme
hereunder. Any such extension may be granted without notic
Subdivider's Surety and shall in no way affect the validity
this agreement or release the Surety or Sureties on any bon
given for the faithful performance of this agreement. Th'e
Council shall be the sole and final judge as to whether or
good cause has been shown to entitLe Subdivider to an exter
?.s a condition of such extensions the City Council may reqi
Subdivider to furnish new security guaranteeing performancc
the agreement as extended. in an increased amount as necessl
compensate for any increase in construction costs as deterI
by the City Engineer.
Failure of Subdivider to comply with the terms of thi:
agreement shall constitute consent to the filing by City o
Notice of violation against all thk ldts in the Subdivisio
IN WITNESS WHEREOF, this agreement is executed by the
of Carlsbad, acting by and through its City Manager, pursu
to Section 20.16.060 of the Carlshad Flunicipal Code author
such execution, and by Subdivider.
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-r DATED this 10th Gay of November _- ? 19 77
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% August 24, 1977 1
tia7:f: !.for1 ey
'5650 Fotel CircS-2 Xqrth, Stij'ic 202
SU3JECT: Subdi visJon Ipprovenent Acreerrent, Extension Qcquest
Dear Hank:
Tiif$ is s'n r,?f@mnce eo your letter dated July 20, 1977 requzstjnq extenslstt or' the Subdivision 1r.provexent Agreemnt.
fisz to inflationzry cost co~d.Iticns, il FIW set of aqreercents md DOE~S 45
required to replace the oricin31 d~~~ritlnts cn 4912 ujth the Cfty. Pimsb cot
cur'rent E:;!? construct1 on cost i ~dex.
The To1la:dng txtzrialr, arc enclosed for the 0:mers to execute:
3 )
4) t.tonurcentatim Bond ($3,5GO)
After the above doc~ments ar? executed, a'lcase R~WR,~O our offtce for
' acceptance and ffllng. Ne will then proceed to schedule the! subject - request
If you have any questions, please call Rene filrtnflr or me tit 729-1181 t exL 35
Very truly YOU=,
1 tril'tdan P$F3t30Cii?tf?S 2
San Dlega, Csllffornia :2io3
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C? 73-49 Unit 30. 2
that the lc$ ~~?c:r.~ast? us33 *,o update the orfqln2'l :r?O& X?OURt IS kas2d Qn fih2
Subdl si si on I ~prove~ent ilareement
2) FitfthfUl PePfomance Eond ($303,269) 3) Labor and f!c\eerials 8znd ($151,6333
eo the c'i ty Council for approval.
fW
Tfm Flanagan c9 ty Engt neer
c: Uern.fe G'ilmre, CCbF fJ n
7CF:l?6!4:rr;s /I
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CITY OF CARLSBA 3
STANDARD F'Ofill
SUBDIVISION
a
FAITHFUL PERFORMANCE BOND
NAME OF SUBDIVISION: CT 73-49 Unit Ys.2 (C.C.& F. Palomar Airport
NAME OF SUBDIVIDER: Palomar _______ Airport Business Park
NAME OF SURETY: Mission Insurance - Company
EFFECTIVE DATE: November 8, 1977
AMOUNT OF BOND: $ 303,260.00
BOND NUMBER: SUR 23285
PREPIIUIiI 2 .$ 5,458.00
WHEREAS, the City Council of the City of Carlsbad, Si
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California, and Palomar Airport Business Park
(hereinafter designated as "principal") have entered into
ment whereby principal agrees to install and complete cer
designated public improvements, which said agreement, datt
, 19 - , and identified as project CT 73-1
(C.C.& F. Palomar Airport Business Park)
is hereby referred to and made a part hereof; and
WHEREAS, Said principal is required under the terms (
agreement to furnish a bond for the faithful performance I
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agreement-
NOW, therefore, we, the principal and Mission InSUr
- Company
as surety, are held and firmly bound unto the City of Car
hereinafter called "City", in the penal sum of Three Hundre
Thousand Two Hundred Sixty and no/lO~--------------------------------
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($ 303,260.00 . ) lawful money of the dnited States, for
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ment of which sum well and truly to be made, we bind ourselve i
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our heirs, successors, executors and administrators, jointly
severally, firmly by these presents.
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The condition of this obligation is such that if the abc
bounded principal, his or its heir, executors, administrator
successors or assigns, shall in all things stand to and abid
and well and truly keep and perform the covenants, condition
provisions in the said agreement and any alteration thereof
as therein provided, on his or their part, to be kept arid PE
ed at the tine and in the manner therein specified, and in z
respects according to their true intent and meaning, and shc
indemnify and save harmless the City, its officers, agents i
enployees, as therein stipulated, th3n this obligation sfial
come null and void; otherwise it shall be and renain in ful
and effect,
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As a part of the obligation secured hereby and in addi
to the face amount specified therefor, there shall be inclu
costs and reasonable expenses and fees, including reasonabl
torney's fees, incurred by the City in successfully enforcj
such obligation, all to be taxed as costs and included in E
judgment rendered.
The surety hereby stipulates and agrees that no changc
sion of tine, alteration or addition to the terms of the a'
or to the work to be performed thcreunder or the specifica ~
25 accompanying the same shall in anywise a€fect its obligati
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this bond, and it does hereby waive notice of any such cha
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extension of time, alteration or addition to the terms of th
agreement or to the work or to the specifications.
In witness whereof, this instrument has been duly execu
by the pricipal and surety above named, on October .6 I 2 PALOMAR AIRPORT BUSINESS PARK, A GENERAL PARTNERSHIP
63
7 lifornia Corporation
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0 CITY OF CARLSBA
STAlJDAIiD FORPl
S U BD I VI S TON
LABOR AND FlllTERIALS BOND
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l?N.IE OF SUBDIVISION: CT 73-49 Unit No.2 (C.C.& F. Palomar Airport E
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NAPE OF SUBDIVIDER: Palomar Airport Business Park
NAME OF SURETY:
EFFECTIVE DATE: November 8, 1977
AMOUNT OF BOND: .$ 151,630.00
BOIJD NUNBERr SUR 23285
Mission Insurance Company
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PREbIIUMs .$ ~;lclg.ded in che pr&[.Luin lor Lhe per201
232S
'WHEREAS, the City Council of the City of Carlsbad, St;
California, and Palcm:~ Airpojlk 3asiness Park
(hereinafter des
as "principal") have entered into an agreement whereby pril
agrees to install and complete certain designated public ii
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ments,' which said agreement, dated r-
and identified as project CT 73-49 Unit f20.2 (C.C.& F. Palomar Ai
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is hereby referred to and made a part hereof; and
WHEREAS, Under the terrns of said agreement, principal
required before entering upon the performance of the work,
file a good and sufficient payment bond with the City of C'
to secure the claims to which reference is made in Title 1'
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Now, therefore, said principal and the undersigned as
porate surety, are held firmly bound unto the City of Carl:
and a11 contractors, subcontractors, laborers, materialmen
otl-,er persons employed in the performance of- the aforesaid
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the sum of One Hundred Fifty One Thousand Six Hundred Thirty------ dol
($ 151,630.00 ), for materials furnished or labor thereon c
41 any kind, or for amounts due under the Unemployment Insuranc
with respect to such work or labor, that said surety will p;
same in an amount not exceeding the amount hereinabove set j
and also in case suit is brought upon Ehis bond, will pay, 2
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addition to the face amount thereof, costs and reasonable e:
and fees, including reasonable attorney's fees, incurred by
in successfully enforcing such obligation, to be awarded an(
by the court, and to be taxed as costs and to be included ir
12 judgment therein rendered.
13 It is hereby expressly stipulated and agreed thaethis
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I shall inure to the benefit of any and all persons, cornpanie:
corporations entitled to file claims under Title 15 (commenc
with Section 3082) of Part 4 of Division 3 of the Civil Codc
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18, brought upon this bond.
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i agreement or the specificathons accompanying the same shall
any manner affect its obligations on this bond, and it does
by waive notice of any such change, extension, alteration o
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IN WITNESS WHEREOF, this instrument has been duly execu
by the principal and surety above named, on October 6 r
PALOMAR AIRPORT BUSINESS PARK, A GENERAL PARTNERSHIP
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1 a Name of Agen I? .: , iL
fr
_c__
-- Address
CT 73-49 11 e (5.C.a F. Palomar Air yhk;: - 2 f Sub d iv is ion 1 Bus i n E
Bond No, SUR 23286 Premium 63.00
SUBDIVISION PERFORMANCE BOND
FOR SETTING MONUMENTS IN THE CITY OF CARLSBAD
KNOW ALL ElEN BY THESE PRESENTS: That Palomar Airport j3us.i
Park
as PhINCIPAL, and
Mission Insurance Company 2601 Wilshire Blvd., Los Angeles
a corporation, organized and existing under the laws of the State of California , and authorized to act as Surety
in the State of California, as SURETY are held and firmly
bound unto the City of Carlsbad , State oE CaliEornia,
in the penal sun of
Three Thousand Five Hundred Forty and no/100---------------- I
DOLLARS ($ 3,540.00 ), €or the payment of which sum, well
and truly to be made, we-bind ourselves, our heirs, executors,
successors and assigns, jointly and severally, by these
presents.
The condition of the above obligation is such that the
said Principal intends to file with the Council of TheCity of
Carlsbad,-California, a final subdivision map of CT 73-49 Unit No.2
WHE,PEAS, the certificate of the Engineer or Surveyor on
said nap provides that the monuments will be set on or before a specified later date; and
(Sectjon 66496 of the Gevernment Code.)
requires said Principal to file a good and sufficient bond
guaranteeing payment of the cost of setting the monuments;
WHEREAS, the Subdivision Hap Act of the State of Californj
NOW, TIIEREF'ORC, if said Principal, within 30 days after
the setting of the said final monuments, furnishes written
notice thereof to the City Engineer of The City of
and pays the Engineer or Surveyor for setting said final
monuments, and presents evidence of such payment and receipt
thereof to the City Engineer, together with .Swrequest that thi
bond be released, then this obligation shall. cease and be
void; otherwise it shall remain in full force and effect.
_____ E& 7-w )y G /Br, 3.s,
Name (Typed or Printed)