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HomeMy WebLinkAboutCT 04-09; Real Estate Collateral Management Company; 2005-1001320; Hold Harmless Agreement/ReleaseDUC# 2005-1 001 320 RECORDING REQUESTED BY WHEN RECORDED MAILTO: City Clerk CITY OF CARLSBAD 1200 Carlsbad Village Dr. Carlsbad, CA. 92008 SPACE ABOVE THIS LINE FOR RECORDER’S USE I 1ll1111111111lll1111111111 Ill11 11111 lllll111111111111111111ll111111ll NOV 18,2005 9:15 AM OFFICIAL RECORDS SAN DIEGO COUNTY RECORDER’S OFFICE GREGORY J. SMITH, COUNTY RECORDER FEES: 0.00 PAGES: 4 I111111 Ill11 11111 11111 Ill1 Ill11 11111 1111 Ill11 Ill11 Ill11 Ill11 Ill11 1111 All 1111 ASSESSOR’S PARCEL NO.(S): 21 3-1 11 -05, 21 3-1 12-09, 21 3-1 12-23, 21 3-1 12-25, 21 3-1 12-30 PROJECT NO. & NAME: CT 04-09 La Costa Greens Neighborhood 1.17 HOLD HARMLESS AGREEMENT GEOLOGICAL FA1 LU RE In consideration of the City’s approval of a grading plan (DWG 429-2A) and improvement plans (DWG 429-2) for development to occur on property described as attached Exhibit “A’ more particularly described as (APN No.(s) 21 3-1 1 1-05, 21 3-1 12-09, 23, 25, 30), and other good and valuable consideration, receipt of which is hereby acknowledged, I/(We) Real Estate Collateral Management Company, a Delaware corporation, the owner(s) 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 loss resulting from or caused by any geological failure is assumed by and shall be borne by the owner. 1 H:/Developmeni Servcies/Masters/Bonds B AgreementdHold Harmless Agi Geological Failure Rev. 12/06/98 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 APPROVED AS TO FORM: RONALD R. BALL City Attorney PROPERTY OWNERS Real Estate Collateral Management Company, a Delaware corporation (dgn here) Fred R. Schimel. Vice President (print name and title) Date: yd{y 13, 2OOc By: (sign here) (print name and title) Date: (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 I H:/Development SeNaes/Masters/Bonds & AgreementsIHold Harmless Agt Geological Failure Rev. 12/08/98 On [y /3,abFbefore me, h id& &IP~ flhhry p 1 (Date) (Ndme, Title of Officer) personally appeared 6- %t/LfrC (Name[s] of Signer[s]) f personally known to me -OR - n (proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) idare subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal OFFICIAL SEAL DIANA C MORENQ NOTARY PUBLIC, STATE OF ILLINOIS (This area for official notary seal) Title or Type of Document Date of Document Signer(s) other than named above No. of Pages 3 HYDevelopmenI SeNcies/MasterslBonds & AgreernentdHold Harmless Agt Geological Failure Rev. 12/08/98 EXHIBIT “A’ LEGAL DESCRIPTION LA COSTA VILLAGE 1.1 7 (CT 99-03) BEING A SUBDIVISION OF LOTS 17, 39, 41 AND 49 OF THE CITY OF GREENS IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP NO. 14543 FILED IN THE OFFICE OF THE SAN DIEGO COUNTY RECORDER ON FEBRUARY 12,2003. CARLSBAD TRACT CT 99-03, VILLAGES OF LA COSTA - LA COSTA CT 04-09 La Costa Greens 1.17