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HomeMy WebLinkAboutCT 02-23; Real Estate Collateral Management Co; 2004-0740740; Hold Harmless Agreement/ReleaseDOC # 2004-0740740 RECORDING REQUESTED BY WHEN RECORDED MAIL TO: City Clerk CITY OF CARLSBAD 1200 Carlsbad Village Dr. Carlsbad, CA. 92008 I1ll11111111 IIIII 1111111111111111111111111 11111 11111 11111 1111111111111 AUG 05,2004 8:47 AM OFFICIAL RECORDS SAN DIEGO COUNTY RECORDER'S OFFICE GREGORY J SMITH, COUNTY RECORDER PAGES: FEES: 0. 00 3 1 IUlll Hlll Ill11 Ullllllll1111 Ylll lllll Ill1 lllll Ill11 1111 Ill11 MI11 HI1 111 SPACE ABOVE THIS LINE FOR RECORDER'S USE ASSESSOR'S PARCEL NO. 213-1 11-02 213-1 11-03 213-1 1 1-06 21 3-1 1 1 -07 CT 02-23 PROJECT NO. & NAME: La Costa Greens Neighborhood 1.08 HOLD HARMLESS AGREEMENT GEOLOGICAL FAILURE In consideration of the City's approval of a grading plan (DWG 406-6A) and improvement plans (DWG 406-6) for development to occur on property described as Lots 8 and 19 of CT 99-03, per map No. 14543, filed in the Office of the County Recorder of San Diego County, February 12, 2003, more particularly described as (APN Nos. 21 3-1 1 1-02, 03, 06, and 07), and other good and valuable consideration, receipt of which is hereby acknowledged, I/(We) Real Estate Collateral Management Company, a Delaware corporation, the owner(@ of said property promise to indemnify and to hold the City of Carlsbad, its officers, agents and employees harmless from liability for injuries to any persons, or damage to or taking of any property including public property, directly or indirectly caused by the geological failure of any nature, type or cause or any subsequent damage that may occur on or adjacent to this subdivision due to its construction, operation or maintenance. Approval of the plans or permits, or inspection of any work done pursuant to those plans or permits by the City shall not constitute an assumption by the City of any responsibility for any damage or taking referenced in this agreement. City shall not be responsible in any manner whatsoever for the design, compaction, construction or maintenance of the slopes, cuts, fills or improvements made or done pursuant to the approved plans, nor shall any officer or employee thereof be liable or responsible for any accident, loss or damage happening or occurring during the construction work or improvements as specified in this agreement. The entire risk of any 1 +/Development Servcies/Masters/Bonds 8 AgreemenWHold Harmless Agt Geological Failure Rev. 12/06/98 loss resulting from or caused by any geological failure is assumed by and shall be borne by the owner. It is agreed that the above owners will maintain all slopes and landscaping in a manner to insure slope stability to the satisfaction of the City Engineer. The owners agree to repair any damage to public improvements caused by any geological failure referred to in this agreement to the satisfaction of the City Engineer. The owners agree to repair or stabilize any slope which the City Engineer determines may fail and cause damage to public improvements. It is further agreed that this agreement shall be binding on all heirs, successors or assigns having an interest in all or any part of the property described herein. IN WITNESS WHEREOF, the undersigned has executed this instrument this J* dayof $& a24 I2&. PROPERTY OWNERS Real Estate Collateral Management Company, a Delaware corporation By: ‘(sign here) Fred R. SchimeWice President (print name and title) Date: fidkct4 as; 2- By: (sign here) (print name and title) Date: APPROVED AS TO FORM: RONALD R. BALL Citv Attornev By: (Proper notarial acknowledgment of execution by SUBDIVIDER must be attached) (Chairman, president or vice-president and secretary, assistant secretary, CFO or assistant treasurer must sign for corporations. Otherwise, the corporation must attach a resolution certified by the secretary or assistant secretary under corporate seal empowering the officer(s) signing to bind the corporation.) 2 H:IDevelopmnt Selvcies/Maslers/Bonds 8 Agreemnls/Hold Harmless AQI Geological Failure Rev. 12/08/96 State of California 1 1 County of San Diego 1 Onmvch aK2ooL1 before me, YY]IL)flt / e Polh. hi ofuvy ?lA.bllL, (Date) (Name, Title of Officer) (Name[s] of Signer[s]) personally appeared FY td Sthr YVlt I I t?l$ersonally known to me -OR - (proved to me on the basis of satisfactory evidence) to be the persow whose name(+ is/are- subscribed to the within instrument and acknowledged to me that he/- executed the same in hidm authorized capacity(+ and that by hid- signature(+ on the instrument the personw, or entity upon behalf of which the personfsf acted, executed the instrument. WITNESS my hand and official seal /-- :,j Signature of Notary MICHELE POLIT0 Commission # 1332338 Notary Pub:ic - California Snn Dioglo County f i 2 z (This area for official notary seal) No. of Pages Far IMYC 3 Date of Document 31 2SlW Signer(s) other than named above 3 H:/Development Servcies/Masters/Bonds & Agmementshlold Harmless Agi Geological Failure Rev. 12/08/98