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HomeMy WebLinkAbout2009/07/14 Item 67/14/09, Item to ITEM TITLE: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING CHULA VISTA TRACT N0.92-02A, ROLLING HILLS RANCH, SUBAREA III, NEIGHBORHOOD I OB RESTATEMENT AND ASSIGNMENT AGREEMENT BY MCMILLIN ROLLING HILLS RANCH, LLC AND K. HOVNANIAN AT BELLA LAGO, LLC. SUBMITTED BY: DEPUTY CITY MANAGER/DEVELOPMENT SERVICES DIRECTO~' REVIEWED BY: CITY MANAGER 4/STHS VOTE: YES ^ NO SUMMARY On December 6, 2006, Hovnanian purchased Neighborhood 10 B from McMillin. Hovnanian is providing the City with replacement security to secure the construction of certain improvements required by the City as conditions of project approval. ENVIRONMENTAL REVIEW The Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378(b)(4) of the State CEQA Guidelines, because this action involves a governmental fiscal activity utilizing previously authorized funds, which will not result in a potentially significant physical impact on the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. RECOMMENDATION Council approves the Resolution. BOARDS/COMMISSION RECOMMENDATION Not applicable. DISCUSSION On September 13, 2005, McMillin entered into Subdivision Improvement Agreement ("SIA") for the Rolling Hills Ranch Neighborhood lOB, wherein it is provided that McMillin will install and 6-1 7/14/09, Item Page 2 of 2 complete at McMillin's own expense and at no cost to City the improvements required by City in connection with the project. On December 6, 2006, Hovnanian purchased the Property from McMillin. Hovnanian is providing the City with replacement bonds listed in Exhibit "A" to secure certain commitments made by McMillin to the City for the Property. Staff recommends approval of the Agreement. The City Attorney has reviewed and approved the proposed Agreement as to form. DECISION MAKER CONFLICT Staff has reviewed the property holdings of the City Council and has found no property holdings within 500 feet of the boundaries of the property, which is the subject of this action. FISCAL IMPACT There will be no direct fiscal impact to the City. Costs associated with the processing of this item will be borne by the developer. Exhibits: Prepared by: Rimn Thomas, Associate Engineer, Development Services Department J:\Engineer\AGENDA\CAS20097-14-09\Council Agenda Statement far McMillin.doc 6-2 RESOLUTION NO.2009- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING CHULA VISTA TRACT N0. 92-02A, ROLLING HILLS RANCH, SUBAREA III, NEIGHBORHOOD lOB RESTATEMENT AND ASSIGNMENT AGREEMENT BY MCMILLIN ROLLING HILLS RANCH, LLC AND K. HOVNANIAN AT BELLA LAGO, LLC WHEREAS, on September 13, 2005, McMillin entered into Subdivision Improvement Agreement ("SIA") for Rolling Hills Ranch Neighborhood 10 (the "Property"), which provided that McMillin would install and complete at McMillin's own expense and at no cost to City the improvements required by City in connection with the Project; and WHEREAS, on December 6, 2006, Hovnanian purchased the Property from McMillin and has agreed to replace the bonds required under the SIA; and WHEREAS, Hovnanian is willing to enter into the Restatement and Assignment Agreement by and Between the City of Chula Vista, McMillin Rolling Hills Ranch, LLC and K. Hovnanian at Bella Lago, LLC which provides that Hovnanian will replace the bonds previously posted by McMillin and will assume all of the duties and obligations of McMillin secured by the bonds pursuant to the SIA NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the Chula Vista Tract No. 92-092A, Rolling Hills Ranch, Subarea III, Restatement and Assignment Agreement by and Between the City of Chula Vista, McMillin Rolling Hills Ranch, LLC and K. Hovnanian at Bella Lago, LLC, relating to Neighborhood l OB. Presented by: Gary Halbert, P.E., AICP Deputy City Manager /Development Services Director 6-3 Approved as to form by: THE ATTACHED AGREEMENT HAS BEEN REVIEWED AND APPROVED AS TO FORM BY THE CITY ATTORNEY'S OFFICE AND WILL BE FORMALLY SIGNED UPON APPROVAL BY THE CITY COUNCIL Dated: Restatement and Assignment Agreement By and Between the City of Chula Vista, McMillin Rolling Hills Ranch, LLC And K. Hovnanian at Bella Lago, LLC 6-4 Recording Requested by and When Recorded Return to: City Clerk City of Chula Vista 276 Fourth Avenue Chula Vista, CA 91910 Above Space for Recorder's Use Only File #RH-2421 N-lOB RESTATEMENT AND ASSIGNbIENT AGREEMENT BY AND BETWEEN THE CITY OF CHULA VISTA, MCMILLIN ROLLING HILLS RANCH, LLC AND K HOVNANIAN AT BELLA LAGO, LLC THIS RESTATEMENT AND ASSIGNMEN'T' AGREEMENT ("Agreement") is made this day of 20~ by and between the CITY OF CHULA VISTA, A MTJNICIPAL CORPORATION ("City"), MCMII,LIN ROLLING HILLS RANCH, LLC, A DELAWARE LIMITED LIABILITY COMPANY ("McMillin") and K. HOVNANLSN AT BELLA LAGO, LLC, A CALIFORNIA LIMITED LIABILITY ("Hovnanian"), with reference to the facts set forth below, which recitals constitute a part of this Agreement. A. WHEREAS, this Agreement concerns and affects certain real property located in Chula Vista, California, more particularly described in Exhibit "A" attached hereto and incorporated herein ("Property"). The Property is part of a project commonly lmown as Rolling Hills Ranch Neighborhood l OB. For purposes of this Agreement the term "Project" shall mean "Property", and; B. WHEREAS, on September 13, 2005, McMillin entered into Subdivision Improvement Agreement ("SIA") for the Project, wherein it is provided that McMillin will install and complete at McMillin's own expense and at no cost to City the improvements required by City in connection with the Project, and; C. WHEREAS, on December 6, 2006, Hovnanian purchased said Property from McMillin. Furthermore, concurrent herewith Hovnanian is providing the City with replacement bonds for those bonds listed in Exhibit "B" to secure certain commitments made by McMillin pursuant thereto to the City for the Property, and; D. WHEREAS, Hovnanian is willing to enter into this Agreement wherein it is provided that Hovnanian will maintain, at Hovnanian's own expense and at no cost to City the improvements secured by the bonds listed in Exhibit "B". NOW THEREFORE BE TT RESOLVED that the parties agree as follows: 1. Assignment. McMillin hereby assigns and Hovnanian hereby accepts and agrees to such assignment of all duties, obligations, and provisions made by McMillin in the SIA that are secured by the bonds listed in Exhibit "B", all of which remain in full force and effect, including all indemnifications set DOC#36951 v2 _ 1 6-5 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood lOB forth therein. 2. Release. The bonds attached hereto as Exhibit "C" provided by Hovnanian shall replace those bonds posted by McMillin for the Project, as described in Exhibit "B", and the bonds posted by McMillin shall be released by the City as of the date this Agreement is recorded in the Official Records of the San Diego County Recorder's Office. 3. Agreement Applicable to Subsequent Owners. 3.a. Agreement is Binding Upon Successors. This Agreement shall be binding upon and inure to the benefit of the successors, assigns and interests of the parties as to any or all of the Property. 3.b. Agreement Runs with the Land. The burden of the covenants contained in this Agreement ("Burden") touches and concerns the Property and shall be binding upon, and run with, the ownership of the Property for which it burdens. The Burden is for the benefit of the Property and the City, its successors and assigns, including any successor in interest thereto. City is deemed the beneficiary of such covenants for and in its own right and for the purposes of protecting the interest of the community and other parties public or private, in whose Favor and for whose benefit of such covenants running with the land have been provided without regard to whether City has been, remained or are owners of any particular land or interest therein. If such covenants are breached, the City shall have the right to exercise all rights and remedies and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach to which it or any other beneficiaries of this Agreement and the covenants may be entitled. 4. Time of Performance. It is expressly understood and agreed that Hovnanian will cause all necessary materials to be famished and all improvements completed pursuant to the provisions of the SIA as described on Exhibit "B" hereto on or before the second anniversary date of this Agreement. 5. Indemnity. Hovnanian understands and agrees that City, as indemnitee, or any officer, agent, or employee thereof, shall not be liable for any injury to person or property occasioned by reason of the acts or omissions of Hovnanian, its agents, employees, successors, or assigns pursuant to their performance under the SIA. 6. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of California. 7. Effective Date. The terms and conditions of this Agreement shall be effective as of the date this Agreement is recorded in the Official Records of the San Diego County Recorder's Office. 8. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be original and all of which shall constitute one and the same document. 9. Recording. City shall cause this Agreement to be recorded in the Official Records of the San Diego County Recorder's Office within 30 days after this Agreement has been fully executed by the parties. 10. Miscellaneous Provisions. 10a. Notices. Unless otherwise provided in this Agreement or by law, any and all notices DOC#36951v2 _2_ 6_6 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood l OB required or permitted by this Agreement or by law to be served on or delivered to any party shall be in writing and shall be deemed duly served, delivered, and received when personally delivered to the party to whom it is directed, or in lieu thereof, when three (3) business days have elapsed following deposit in the U.S. mail, certified or registered mail, return receipt requested, first-class postage prepaid, addressed to the address indicated in this Agreement. A party may change such address for the purpose of this paragraph by giving written notice of such change to the other parties. CITY OF CHULA VISTA Department of Public Works/Engineering Division 276 Fourth Avenue Chula Vista, CA 91910 Atha: City Engineer McMILLIN ROLLING HII.LS RANCH, LLC 2750 Womble Road San Diego, CA 92106 Attn: Denny Cuccazese and Tom Tomlinson K. HOVNANL4N AT BELLA LAGO, LLC 800 N. Haven Ave., Suite 300 Ontario, CA 91764 Attn: Legal Department A party may change such address for the purpose of this paragraph by giving written notice of such change to the other parties in the manner provided in this paragraph. lOb. Captions. Captions in this Agreement are inserted for convenience of reference and do not define, describe or limit the scope or intent of this Agreement or any of its terms. lOc. Entire Agreement. This Agreement, together with any other written document referred to herein, embody the entire agreement and understanding between the parties regarding the subject matter hereof and any and all prior or contemporaneous oral or written representations, agreements, understandings, and/or statements shall be of no force and effect. This Agreement is not intended to supersede or amend any other agreement between the parties unless expressly noted. lOd. Recitals; Exlubits. Any recitals set forth above and any attached exhibits are incorporated by reference into this Agreement. 10e. Compliance with Laws. In the performance of its obligations under this Agreement, McMillin, Hovnanian and all their agents, and employees shall comply with any and all applicable federal, state, and local laws, regulations, ordinances, policies, permits, and approvals. lOf. Authority of Signatories. Each signatory and party hereto hereby warrants and represents to the other party that it has legal authority and capacity and direction from its principal to enter into this Agreement, and that all resolutions and/or other actions have been taken so as to enable said signatory to enter into this Agreement. lOg. Modification. This Agreement may not be modified, terminated, or rescinded, in ooca3e~s~~z _3_ 6-7 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood l OB whole or in part, except by written instrument duly executed and aclmowledged by the parties hereto, their successors, or assigns and duly recorded in the Official Records of the San Diego County Recorder's Office. l Oh. Severability. If any term, covenant or condition of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term, covenant, or condition to person or circtunstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term, covenant, or condition shall be valid and be enforced to the fullest extent permitted by law. 11. Preparation of Agreement. No inference, assumption or presumption shall be drawn from the fact that a party or its attorney prepazed and/or drafted this Ageement. It shall be conclusively presumed that both parties participated equally in the prepazation and/or drafting of this Agreement. Attachments: Exhibit"A"-Legal Descriptions Exhibit "B" -Descriptions of Bonds Exhibit "C" -Copies of Replacement Bonds DOC#36951 v2 _4_ 6-8 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood IOB FIIZST OF TWO SIGNATURE PAGES TO ASSIGNMENT AGREEMENT IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first hereinabove set forth. CITY OF CHULA VISTA City Manager Attest: Donna Norris, Interim City Clerk Approved as to form: Bart Miesfeld, City Attorney DOC#36951 v2 _5_ 6-9 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood lOB SECOND OF TWO SIGNATURE PAGES TO ASSIGNMENT AGREEMENT IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year fast hereinabove set forth. MCMILLIN ROLLING HILLS RANCH, LLC a Delawaze Limited Liability Company By: McMillin Management Services, LP a California limited partnership Its: Manager By: Corky McMillin Construction Services, Inc. a California corporation Its: General P ~~ Q Its: ,I/~a~cti P.reSlO~'•,A By:/~( 1.P~i Its: "~E ~~tDE~--~ i~ K. HOVNANIAN AT BELLA LAGO, LLC a California Limited Liability Company By: K. Hovnanian Companies of California, Inc. a California corpora$on By: _ Name: Its: DOC#36961v2 _(_ 6-10 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood l OB SECOND OF TWO SIGNATURE PAGES TO ASSIGNMENT AGREEMENT IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first hereinabove set forth MCMILLIN ROLLING HII,LS RANCH, LLC a Delaware Lirnited Liability Comparry By: McMillin Management Services, LP a California limited partrtership Its: Manager By: Corky McMillin Conslrudion Services, Inc. a California corporation Its: General Pattrier By: Its: By: Its: K. HOVNANIAN AT BELLA LAGO, LLC a California Limited Liability Company By: K. Hovnanian Com anies f California, Inc. a California core do By: Name: !' P Its: Di ' on Preside DOC#3695IvZ -(7- 6-11 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood I OB State of California County of ~`1 ~ LQ ~}1~ On ~CU,{ ~ ~, .~~ ,before me, ~n n YYl . , ,tom,-~P,,~,~~rc Notary Public, personally appeazed TCtn ~(' j (insert name an ti of e officer) 1 Qm OWISQYI -E- ~ I(JC, ~_P ~P .who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) Faze subscribed to the within instrument, and acknowledged to me that •ke/sfiefthey executed the same in his/her/their authorized capacity(ies), and that by •kis<ker/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERNRY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ANN M.fUTO ~~``-~~~ Commission #~ 1832730 Notary Publle •Califomia ~ San Diego County M Camm. Expires Jan 23, 2073 j Notary Public (seal) State of Califomia County of On before me, (insert name and title of the officer) Notary Public, personally appeazed who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/aze 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 the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Notary Public (seal) DOC#36951v2 -7- 6-12 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood lOB State of Califomia County of On ,before me, (insert name and title of the officer) Notary Public, personally appeared .who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/aze subscribed to the within instnument, and aclozowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/then signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Notary Public (seal) State of Califomia County of ~h ~tr/farrJi/la On J~ 700 ~7 ,before me, (~NfR ~~~ / ~~~ % / y"~~C (insert name and title o the officer) xieier~ i?~~"_,.~~^, personally appeazed - Jr/1~ ,~,(~ /~ ,who proved to me on the basis of satisfactory evidence to be the erson whose name subscribed to the within instrument, and aclmowledged to me that ~i /executed the same in t elr authorized capacityfies), and that by~/hen4heir signatures) on the instrument the person(,' or the entity upon behalf of which the personfs)'acted, executed the instnmment. I certify under PENALTY OF PERNRY under the laws of the State of California that the foregoing paragraph is true and correct. ]]]]~ww~..WW~~~~~~ WI SS d official seal. CATHIE ZHOU Commission of 1819083 Notary Puolic • Califarnla San 8ernarttino County '- Nhr Comm. Expires Oct 21, 2012 Notary Public (seal) DOCX36951v2 -~]- 6-13 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood l OB F.XFTTRTT "A" LEGAL DESCRIPTION OF NEIGHBORHOOD lOB PARCEL A: LOTS 1 THROUGH 16 OF CHULA VISTA TRACT NO. 92-02A, ROLLING HILLS SUBAREA III, NEIGHBORHOOD lOB, IN THE CITY OF CHULA VISTA, COUNTY OF SAN DIEGQ STATE OF CALIFORNLA, ACCORDING TO MAP THEREOF NO. 15116, FII.ED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, SEPTEMBER 19, 2005. PARCEL B: LOTS "K" AND "O" OF CHULA VISTA TRACT NO. 92-02A, ROLLING HILLS SUBAREA III "A" MAP, IN THE CITY OF CHULA VISTA, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 14756, FII,ED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, MARCH 24, 2004. DOC#36951 v2 _$_ 6-14 Restatement And Assignment Agreement Rolling Hills Ranch, Neighborhood lOB Exhibit "R" Agreement Existing McMillin Bonds Hovnanian Replacement Bonds Subdivision Improvement Agreement - Faithful Performance Faithful Performance Neighborhood lOB, dated September 13, $87,500.00 $87,500.00 2005. Recorded as document number #2169625 #~~~~ 2005-0808830 on September 19, 2005. City Resolution. Material and Labor Material and Labor $87,500.00 #2169625 $87,500.00 # S 0321 ~I y DOC#36951v2 _9_ 6-15 ~• ~XH6BI~' FileNo.: ~NZYZl Bond No.: 5032144 Premium:,Included in BOND FOR MATERIAL AND LABOR (T'o Be Used Prior To Approval of Subdivision Improvement Agreement) WHEREAS, the City Counci] of the City of Chula Vista, County of San Diego, State of California, and R: Hovnanian at Bella Lago, LLC (hereinafter "Principal") desire to enter into a Subdivision Improvement Agreement (hereinafter referred to as "Agreement") whereby Principal agrees to install and complete certain designated public improvements For• the project known as Subdivision Improvements -Nei hborhood 10B` •and (Lots 1- & 0 of Chula Vista Tract No. 92-02A, Map 15116 WHEREAS, Principal desires to commence construction of said public improvements prior tc approval of said Agreement by the City Council of the City of Chula Vista; and, WHEREAS, the City f Chula Vista County of San Diego, State of California, has issued tc Principal Conshvction Permit No. (hereinafter referred to as "Permit") for the,,,public improvement work as set forth in more detail on City of Chula Vista Drawing Nos. (~4(~~y.thi•ough Q t~O I ~l _ 0 6 ,regarding construction of said public improvements, which Permit is hereby refered to and made apart hereof; and, WHEREAS, under the terms of said Permit, Principal is required, before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Chula Vista to secure the claims to which reference is made in Thle 15 (commencing with Section 3082), Put 4, Division 3, of the Civil Code ~' the State of California and will be required to maintain such bond pursuaat to the Agreeement NOW THEREFORE, said Principal and Bond Safeguard Insurance Ca a~ po~ation of the State of Illinois • (hereinafter "Surety"), are held and firmly bound unto the City of Chula V>sta, a municipal corporation (hereinafter "City") in the County of San Diego, State of California, and all contractors, subcontractors, laborers, materialmen and other persons employed im the performance of the aforesaid Permit and referred to in the afare~ai~„ ,Cgdq of Civil Procedure in the sum of Eighty Seven Thousand Five Hundred 'all X7,500 nn ), lawful money of the United States, for materials famished 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 alsc in case suit is brought upon this bond, will pay, in addiflon tc the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred b7' City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be Taxed as costs and tc be included in the judgment therein rendered It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies and corporations entitled to file claims under Title 15 (commencing with Section 3082), Par[ 4, Division 3, of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. The condition of this obligation is such that if the above-bound 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 terms, covenants, conditions, and provisions of said Permit and the subsequent Agreement, which i9 incorporated herein 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, as to installation and complefiom of said public Improvements both prior to and subsequent to City approval of the Agreement and in all respects according to 6-16 their true intent and meaning, and shall indemnify and save hazmless 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. The Surety hereby stipulates and agrees that no change, extension of tlme, alteration or addition to the terms of the Permit or the Agreement or to the work to be 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 Permit or the Agreement or to the work or to the specifications. As 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, and including reasonable attorney's fees, incurred by CiTy in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. In addition to the acts bonded for pursuant to the Permit incorporated above and all terms, conditions and provisions of the Agreement, the fallowing acts and performances are additionally subject to the terms of this bond: 1N WITNESS WHEREOF, this insewnent has been duly executed by the Principal and Surety above named, on May 14 , Zp 09 Bond Safeguard Insurance Company R. Hovnanian at Bella Lago, LLC N Princi al (Applicant) Name o/f Surety Company '/ .j unis~L;'-Ce- !5~ Christine Marotta, Attorney-in-Fact B K n ni-n L'rm~'oira¢s ~% ~~~'n~Ezxl919 S. Highland Ave, Bldg A, Suite 300 ~ Address of Surety Company 5032144 Lombard, IL 60148 Bond/Policy No. City State Zip Code ABOVE-SIGNATORIES MUST BE NOTARIZED APPROVED AS TO FORM: City Attamey T:1Enginee>\LANDDEV1Fotms -Officiat\BandslBond Material & LeBor Prior to SIA.doc 6-17 AC&VOWLEDCMENTOFSURETY STATE OF ILLINOIS COUNTY OF COOK On ~~ ~ 4 2U~9 before me, a Notary Public in and for the above county, personally appeared Christine Mazotta to me personally Imown, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeguazd Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was sued, sealed, and executed in behalf of said corporation by authority of its Boazd of Directors, and further acloaowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and yeaz fast above written. OFFICIAL SEAL NICOLE KUBENA NOTARY PUBLIC, STATE OF ILLINOIS My Commission Expires 07/15/2012 (SEAL) ~~,~ Plll ~~~ Notary Public COOK. Caunty. ILLINOIS 6-18 POWER OF ATTORNEY BOND SAFEGUARD INSURANCE COMPANY ~®~ld Sa~~guard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEG~A RD INS~~ggANCE ~OMP,op~Y, n Illin#p~~~~~p~~t,j,~~y'l~h~,~~ principal office in Lombard, Illinois, does hereby constitute and appoint: Chrtstme Mazotta, ebra Koh~rnan ############################################################M############################## its true and lawful Attorney(s)-In-Fact to make, execute, seal and deliver for, and on its behalf as surety, any and all bands, undertakings or other writings obligatory in nature of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President of the Company is hereby authorized to appoint and empower any representative of the Company or other person or persons as Attorney-In-Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or other writings obligatory in nature of a bond not to exceed $1,000,000.00, One Million Dollars, which the Company might execute through its duly elected officers, and affix the seal of the Company thereto. Any said execution of such documents by an Attorney-In-Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company. Any Attorney-In-Fact, so appointed, may be removed for good cause and the authority so granted may be revoked as specified in the Power of Attorney. Resolved, that the signature of the President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, and the seal of the Company may he affixed by facsimile to any certificate of any such power and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certificate so executed and sealed shall, with respect to any bond or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. .~'oiasuq_ ~o 3 ^~ a ~ IWNpb ; IN3UHANCE [~A Lwnwn F e By ///~~(`:~ David E. Campbell President AO X7953 ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, the corporation described in and which executed the above instrument; that he executed said instrument on behalf of the corporation by authority of his office under the By-laws of said corporation. wlaureen K. Aye /I tary Public U CERTIFICATE "OFFICIAL SEAL" MAUREEN K AYE Notary Public, State of Illinois My Commission Expires 09/21/09 I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance Company, DO HEREBY CERTIFY that the original Power of Attorney of which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions as set forth are now in force. Signed and Sealed at Lombard, Illinois thi~1°'.~ ~ ~` 2~D'Day of ,so uuu a~ AN C IWNpa MSURANCE 9 mwwmn F e 6-19 20 Donald D. Buchanan Secretary STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO On ~t!''^~~; ~ , 200 ~% ,before me, Cathie Zhou, a Notary Public, personally appeazed Joseph M. Manisco, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. [Civil Code § 1189] CATHIE ZHOU Commission ! 1619063 ~~ Notary Pu01ic -California San Bernardino County AA Comm. E area Oct 21 012 + 6-20 v ~XY-19131 File No.:~y ~.~ BON73 ~`aR FAITHFUL PERFORMANCE BondNo.:5032144 (To Be UsedPlithRestatementofSubdivisionImprovementAgreement) Premium:$1.313.00/2 Years WHEREAS, th 11$ ~f Chul~~ista, County of San Diego, State of California, and R. Hovnanian at ~e ago, (hereinafter "Principal") have entered into a Restatement of a Subdivision Improvement Agreement (hereinafter refereed to as "Agreement") whereby Principal agrees to install and complete cet4ain designated public improvements, which said Agreement, dated , 20 ,and identified as project Subdivision Improvements -Neighborhood lOB (Lots 1-6, R&Q is hereby referred to apart hereof; and, o£ Chula Vista Tract No. 92-02A, Map 15116) WHEREAS, said Principal is required under the terms of said Agreement to furnish a bond for faithful performance of said Agreement. NOW THEREFORE, we, the Principal and Bond Safeguard Insurance Company a corporation of the State of Illinois ,(hereinafter "Surety"), are held and firmly bound unto the City of Chula Vista, a municipal corporation (hereinafter "City") in the County of San Diego, State of California, and to and for the benefit of any and all persons who may suffer damages by breach of the con~~iq~~0 hereof, in the penal sum of Eighty Seven Thousand Five Hundred and {{ , ($ 87.500.00 - )> 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-bound 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 hue intent and meaning, and shall indemnify and save harmless 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 part of the obligation secured hereby and in addition to the face amount specifed therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfiilly enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 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 to be performed thereunder 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 of time, alteration or addition to the terms of the Agreement or to the work or to the specifications. 6-21 In addition to the acts bonded for pursuant to the Agreement incorporated above, the following acts and performances are additionally subject to the terms of this bond: IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on May 14 , 2p 09 R. Hovnanian at Bella Lago, LLC Name Principal (Applicant) By ham. ~~P ~~ ' iCe~~~ ' vtrn .'n ar1~ ~ n~o,2nc.~ Bond Safeguard Insurance Company Name of Surety Company By ~~1,~~.~~ o~ Christine Marotta, Attorney-in-Fact By 1919 S. Highland Ave. Bldg A, Sdite 300 Address of Surety Company 5032144 Lombard, IL 60148 Bond/Policy No. City State Zip G'ode ABOVESIGNATORIES MUST BE NOTARIZED APPROVED AS TO FORM: City Attorney J1Enginee~iLANDDEV1Forms-Of5cial~HondslBond Faith Perf with SIA-Restatement.doc 6-22 AC%NOA'LEDGMENTOFSURETY STATE OF II,LINOIS COUNTY OF COOK ~{ 1 ~ 2009 On before me, a Notary Public in and for the above county, personally appeazed Christine Mazotta to me personally Imown, who, being by me duly sworn, did state that be/she is Attorney-in-Fact of Bond Safes azd Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Boazd of Directors, and further aclmowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and yeaz first above written. OFFICIAL SEAL NICOLE KUBENA NOTARY PUBLIC, STATE OF ILLINOIS My Commission Expires 07/15/2012 Notary Public (SEAL) COOK Counri ILLINOIS 6-23 POWER OP ATTORNEY AO 57952 ~~~~ ~C~~~~~L~~~ INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEG~ARD INSURANCE 0 Pp~yY n Illin~~s*C~~r~p,~~~t~o~i*v~i~f~~~ principal office in Lombard, Illinois, does hereby constitute and appoint: `~~tme Mazotta, ~ebra Kohlman r~t<rr*~+s~r~rrt<r*+*s*r-r*r*ra#*r~a*«~*t**+t<*sr*^~s+*t<****r*r++-r*.***r~~a*r*arr-e**ra+*+*r*+ its true and lawful Attorney(s)-In-Fact to make, execute, seal and deliver for, and on its behalf as surety, any and all honds, undertakings or other writings obligatory in nature of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President of the Company is hereby authorized to appoint and empower any representative oT the Company or other person or persons as Attorney-In-Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or other writings obligatory in nature of a bond not to exceed $1,000,000.00, One Million Dollars, which the Company might execute through its duly elected officers, and affix the seal of the Company thereto. Any said execution of such documents by an Attorney-In-Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company. Any Attorney-In-Fact, so appointed, may be removed for good cause and the authority so granted may be revoked as specified in the Power of Attorney. Resolved, that the signature of the President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certificate so executed and sealed shall, with respect to any band or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to 6e affixed this 7th day of November, 2001. oorti0'"s"' BOND SAFEGUARD INSURANCE COMPANY IN ~~ C IWNgS }ii CpANNY 2 ~~~,~~ BY ' David E. Campbell President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duty sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, the corporation described in and which executed the above instrument; that he executed said instrument on behalf of the corporation by authority of his office under the By-laws of said corporation. "OFFICIAL. SEAL" MA-I2EEA' K AYE aureen K. Aye Notary Public, State of -]inois otary Public My Commission Ezpires 09/ZI/09 CERTIFICATE I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance Company, DO HEREBY CERTIFY that the original Power of Attorney of which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions as Set forth are now in force. PRAT 1 ~ ?fl09 Signed and Sealed at Lombard, Illinois this Day of , 20 o~' t~~„ A" ~~ ~ ~ ii ~cw,~ `ir ~ Donald D. Buchanan Secretary "WARNING: Any person who knowingly and with intent to defraud ~l,y ~s~rrance company or other person, files an application for insurance ~- ..a.~........a ..~ .a..:....~~~~:..1 .......... .....r...i.,16, bten 1nln.mMln.. ... rnnne.al~. M. ~6u ... •........ .d w,lalmdinn Inlnema}inn MnnOminn anV }AEL STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO On <Ji-1~2t- c~ , 200 a7, before me, Cathie Zhou, a Notary Public, personally appeazed Joseph M. Manisco, who proved to me on the basis of safisfactory evidence to be the person whose name is subscribed to the within instrument and aclmowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrtment. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing pazagraph is true and correct. WITNESS my hand and official [Civil Code § 1189] CATHIE 2HOU "` Commi9sian # 1919067 .. ~ Natary Puoiic • Calitarnia San Bernardino County My Comm. Ex Tres Oct 21, 2012+ 6-25