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HomeMy WebLinkAboutItem No. 17 - Final Tract Map 36567, South Shore II17)Final Tract Map 36567, South Shore II Approve Final Tract Map 36567 subject to the City Engineer’s acceptance as being true and correct;Authorize the City Clerk to sign the map and arrange for the recordation of Final Tract Map 36567; andAuthorize the City Manager to execute the lien agreement, in such final form approved by the City Attorney, for improvements and monumentation. Page 1 of 2 REPORT TO CITY COUNCIL To:Honorable Mayor and Members of the City Council From:Jason Simpson, City Manager Prepared by:Remon Habib, City Engineer Date:April 11, 2023 Subject:Final Tract Map 36567, South Shore II Recommendation 1. Approve Final Tract Map 36567 subject to the City Engineer’s acceptance as being true and correct; 2. Authorize the City Clerk to sign the map and arrange for the recordation of Final Tract Map 36567; and 3. Authorize the City Manager to execute the lien agreement, in such final form approved by the City Attorney, for improvements and monumentation. Background Final Tract Map 36567, South Shore II development is located northeast of Camino Del Norte and Main Street intersection and between future Elsinore Hills Road and La Strada. This project is directly adjacent to TTM 35337 Spyglass residential development. Final Tract Map 36567 consists of 67.71 gross acres. Included are 147 residential lots, seven (7) lettered lots for street and public utility purposes, two (2) lots for open space, one (1) lot for water quality basin, and one (1) lot for a public park with a lot size of 9,032 square feet. The single-family residential lot sizes range from 6,000 to 17,089 square feet with an average lot size of 7,560. Discussion Per the Subdivision Map Act Section 66474.1, the Final Tract Map 36567 has been reviewed and it has been determined it is in substantial conformance to the previously approved Tentative Tract Map No. 36567. All Conditions of Approval relative to the Final Tract Map approval have been satisfied. Final TM 36567 South Shore II Page 2 of 2 4 3 4 Fiscal Impact Public improvements are to be constructed by the developer and City has requested security to guarantee the completion of public improvements. The Lien Agreement will satisfy the security obligation contained in the Subdivision Improvement Agreement. Attachments Attachment 1 - Final Index Map Attachment 2 - Vicinity Map Attachment 3 - Agreement 98654 3 2 1 1110 1213141516171819202122 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48495051525354 55 56 57 58 59 60 61 62 63 64 65666768697071727374 75 76 78 79 80 81 82 83 84 8586878889909192 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109110111112113114115116117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 JU L I A S T R E E T SARA STREET SHINE COURT SANDRA COURT CAROLINA STREETREESE STREETVIA GARDA VIA GARDA 4 5 6 LOT "AA" OS(SEE SHEET 7) LOT "CC" WATER QUALITY BASIN(SEE SHEET 7)LOT "BB" OS(SEE SHEET 7)LOT "AA" OS(SEE SHEET 7) SHEET 3 OF 7 SHEETSIN THE CITY OF LAKE ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIATRACT NO. 36567 K & A ENGINEERING, INC. AUGUST, 2022 \A1;BEING A SUBDIVISION OF A PORTION OF THE NORTHWEST 1/4 OF FRACTIONAL SECTION 4, TOWNSHIP 6 SOUTH, RANGE 4 WEST, S.B.M., AS SHOWN BY UNITED STATES GOVERNMENT SURVEY APPROVED AUGUST 25, 1880. FOUND 2" I.P., NO TAG, UP 0.2', IN LIEU OF 2" I.P., W/TAG "L.S. 4230", PER R.S. 87/77-78, P.M.B. 116/100, AND P.M.B. 240/19-26. ACCEPTED AS THE WEST 1/4 CORNER OF SECTION 4. SET TAG "L.S. 9154". FOUND 2" I.P., NO TAG, FLUSH, PER P.M.B. 240/19-26, IN LIEU OF 2" I.P., W/TAG "L.S. 2602", FLUSH, PER R.S. 52/16, R.S. 56/11, R.S. 65/8, R.S. 72/42-43, P.M.B. 58/80, AND P.M.B. 116/100. ACCEPTED ASTHE NORTHWEST CORNER OF SECTION 4. SET TAG "L.S. 9154".FOUND 2" BRASS DISC, STAMPED "RIV. CO. SURV. T5S-R4W SECTIONS 32, 33, 4, 5, T6S-R4W 1984",UP 0.2', PER C.R. 84-140 AND R.S. 106/34-37, SET PER C.R. 84-140. NOT ACCEPTED. 1.14' S'LY AND 0.07' E'LY OF ACCEPTED NORTHWEST CORNER OF SECTION 4. FOUND 1" I.P., NO TAG, UP 0.1', PER P.M.B. 116/100. ACCEPTED AS THE NORTHWEST CORNER OF PARCEL 4 OF SAID MAP. SET TAG "L.S. 9154". FOUND 1" I.P., W/TAG "L.S. 4266", UP 0.3', PER R.S. 106/34-37, M.B. 251/45-50, AND M.B. 426/92-108. ACCEPTED AS THE NORTH 1/4 CORNER OF SECTION 4.FOUND 1" I.P., W/TAG "L.S. 3698", DN. 1.0', PER R.S. 84/15, R.S. 87/77-78, R.S. 125/42, AND M.B.426/92-108. ACCEPTED AS THE CENTER OF SECTION 4.FOUND 1" I.P., W/TAG "R.C.F.C.", FLUSH, IN LIEU OF 1" I.P., W/TAG "RIV. CO. SUR.", UP 0.1', PER R.S. 87/77-78. ACCEPTED AS THE NORTHEAST CORNER OF THE WEST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 4. FOUND 1" I.P., NO TAG, FLUSH, IN LIEU OF 1" I.P., W/TAG "RIV. CO. SUR.", UP 0.1'. ACCEPTED AS THE SOUTHEAST CORNER OF PROPERTY DESCRIBED IN INSTRUMENT NO. 27678, RECORDED MARCH 20, 1963, PER R.S. 87/77-78. SET TAG "L.S. 9154". FOUND 1" I.P., NO TAG, FLUSH, IN LIEU OF 1" I.P., W/TAG "RIV. CO. SUR.", UP 0.1'. ACCEPTED ASTHE SOUTHWEST CORNER OF PROPERTY DESCRIBED IN INSTRUMENT NO. 27678, RECORDEDMARCH 20, 1963, PER R.S. 87/77-78. SET TAG "L.S. 9154". FOUND 1" I.P., W/TAG "L.S. 4230", FLUSH, PER P.M.B. 116/100 AND R.S. 87/77-78. ACCEPTED AS THE SOUTHEAST CORNER OF PARCEL 3 OF P.M.B. 116/100. FOUND 1" I.P., NO TAG, FLUSH, IN LIEU OF 1" I.P., W/TAG "RIV. CO. SUR.", UP 0.1'. ACCEPTED AS THE NORTHWEST CORNER OF PROPERTY DESCRIBED IN INSTRUMENT NO. 27678, RECORDED MARCH 20, 1963, PER R.S. 87/77-78. SET TAG "L.S. 9154". FOUND 1" I.P., NO TAG, FLUSH, IN LIEU OF 1" I.P., W/TAG "RIV. CO. SUR.", UP 0.1'. ACCEPTED ASTHE NORTHEAST CORNER OF PROPERTY DESCRIBED IN INSTRUMENT NO. 27678, RECORDEDMARCH 20, 1963, PER R.S. 87/77-78. SET TAG "L.S. 9154". SEARCHED, NOTHING FOUND. ESTABLISHED AT MIDPOINT ALONG THE NORTH LINE OF SECTION 4, BETWEEN THE NORTHWEST CORNER OF SECTION 4 (POINT 2) AND THE NORTH 1/4 CORNER OF SECTION 4 (POINT 5). SET 1" I.P., W/TAG "L.S. 9154", FLUSH. SEARCHED, NOTHING FOUND. ESTABLISHED BY PROPORTION ALONG THE CENTER LINE OF SECTION 4, BETWEEN THE NORTH 1/4 CORNER OF SECTION 4 (POINT 5) AND THE CENTER OF SECTION 4 (POINT 6), PER GOVERNMENT PLAT APPROVED BY THE SURVEYOR GENERAL'S OFFICEIN SAN FRANCISCO, CALIFORNIA, ON AUGUST 25, 1880, AND ON FILE AT THE BUREAU OF LANDMANAGEMENT OFFICE. NOTHING SET. SEARCHED, NOTHING FOUND. ESTABLISHED BY PROPORTION ALONG A LINE BETWEEN THE MIDPOINT OF THE NORTH LINE OF SECTION 4 (POINT 13) AND THE NORTHEAST CORNER OF THE WEST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 4 (POINT 7), PER GOVERNMENT PLAT APPROVED BY THE SURVEYOR GENERAL'S OFFICE IN SAN FRANCISCO, CALIFORNIA, ON AUGUST 25, 1880, AND ON FILE AT THE BUREAU OF LAND MANAGEMENT OFFICE. SET 1" I.P., W/TAG "L.S. 9154", FLUSH.SEARCHED, NOTHING FOUND. ESTABLISHED BY RECORD DISTANCE ALONG THE SOUTH LINE OFTHE NORTHWEST 1/4 OF SECTION 4 FROM THE CENTER OF SECTION 4 (POINT 6), PER INSTRUMENT NO. 2006-951696, RECORDED DECEMBER 29, 2006. SET 1" I.P., W/TAG "L.S. 9154", FLUSH. SEARCHED, NOTHING FOUND. ESTABLISHED BY RECORD DATA, PER INSTRUMENT NO. 2006-951696, RECORDED DECEMBER 29, 2006. SET 1" I.P., W/TAG "L.S. 9154", FLUSH. SEARCHED, NOTHING FOUND. ESTABLISHED BY RECORD DISTANCE, PER INSTRUMENT NO. MONUMENT NOTES VICINITY MAP N.T.S. INDEX MAP 1"=200'TO CORONATO SAN DIEGORIVERSIDEMAIN ST.LAKE ELSINORE LAKESHOREDR. DRIVE \W0.8500;CENTRAL AVE.\W0.8500;CAMINO DEL NORTEINTERSTATE15 C A L IF ORNIA74 PROJECT SITE SEE SHEET 2 FOR BOUNDARY, BASIS OF BEARINGS, SURVEYOR'S NOTES, AND EASEMENT NOTES. NOTE: INDEX MAP EXHIBIT B VICINITY MAP Lien Agreement - Southshore II 040413 RED (002) Page 1 RECORDING REQUESTED BY: City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 Attention: City Clerk [Space above line for Recorder’s Use] CITY OF LAKE ELSINORE LIEN AGREEMENT (Final Tract Map No. 36567) THIS LIEN AGREEMENT (Final Tract Map No. 36567) (the “Agreement”), dated as of _____________, 2023, is made by and between the CITY OF LAKE ELSINORE, a municipal corporation (“City”) and SOUTH SHORE II, LLC, a California limited liability company (“Owner”). RECITALS A. Owner has submitted to the City for its approval, Tract No. 36567, a proposed subdivision of an existing 67.69 gross acre site into 147 parcels, located in the City of Lake Elsinore, County of Riverside, State of California (the “Project”). B. In connection with the Project, Owner has applied to the City and recorded pursuant to Government Code Section 66434, Final Tract Map No. 36567 (“Final Map”) for real property located within the City, a legal description of which is attached hereto as Exhibit “A” (“Property”). C. Conditions of approval associated with the Final Map require Owner to construct certain improvements that, upon completion, will be accepted by the City as public improvements (“Public Improvements”). A list of the Public Improvements and an estimate of the costs for the Public Improvements approved by the City Engineer is attached as Exhibit “B” and incorporated herein by this reference. D. Conditions of approval associated with the Final Map also require Owner to set monuments within the Property (“Monuments”) such that security is needed to ensure the setting of the Monuments and to guarantee payment to the engineer or surveyor. The estimate of the costs for the Monuments approved by the City Engineer is attached as Exhibit “C” and incorporated herein by this reference. E. As part of the construction of the Public Improvements, the City has requested security to guarantee the completion of the Public Improvements. F. Since Owner will not complete the Public Improvements prior to the approval by the City of the Final Map, Lake Elsinore Municipal Code section 16.40.10 requires Owner to enter into an agreement with the City for the completion of the Public Improvements and the provision of improvement security (“Subdivision Improvement Agreement”). Page 2 G. California Government Code Section 66499 and Lake Elsinore Municipal Code section 16.40.020 authorize the City and Owner to enter into this Lien Agreement in satisfaction of the security obligations contained in the Subdivision Improvement Agreement. H. Owner has provided a title insurance policy and current title report to the City from a title company approved by the City and issued within the 60 days prior to the execution of this Lien Agreement that documents that the Owner is the record owner of the Property and the Property is not subject to any mortgages, deeds of trust, or judgment liens, other than the grant deed recorded as Instrument No. 2013-0058230 on or about February 1, 2013 in the official records of the County Recorder for the County of Riverside, California. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: 1. Owner Performance and Obligations. a. Owner hereby grants to the City, in accordance with the terms and conditions of this Lien Agreement, a lien upon the Property as security for the following obligations of Owner (collectively, the “Obligations”): (1) (a) Construction of the Public Improvements specified in Exhibit “B” attached hereto, in the estimated cost of $4,102,340.22, provided however, that Owner’s obligation hereunder shall extend to the actual cost of the construction of the Public Improvements, notwithstanding that such costs may exceed the Design Engineer’s Calculation of Improvement Bonding Costs set forth in Exhibit “B” attached hereto; and (b) setting of Monuments specified in Exhibit “C” attached hereto, in the estimated cost of $153,000, provided however, that Owner’s obligation hereunder shall extend to the actual cost of setting the Monuments, notwithstanding that such costs may exceed the Monument Bond Computation set forth in Exhibit “C” attached hereto. The sum of the estimated cost of the Public Improvements ($4,102,340.22) and the estimated cost of setting the Monuments ($153,000) constitutes the Security Amount (that is, $4,252,340.22). (2) Payment of the balance of the fees or provision of the Public Improvements or services described in the California Subdivision Map Act and the City of Lake Elsinore Municipal Code (collectively, “Subdivision Code”), in the amount required in accordance with the Subdivision Code (collectively, “Fees”), as determined appropriate by the City Engineer; and (3) Penalty Fees in the amount of 1.5% per year, prorated, of the total Security Amount, from and after the expiration of the two-year deadline for completion of the Public Improvements and the actual completion and acceptance of the Public Improvements (“Penalty Fees”). By way of example, if all of the Public Improvements are not completed and accepted until four years and four months following approval of the Final Tract Map 36567, then a penalty equal to 3.5% (1.5% x 2.33 years late in completing the Public Improvements) will be owed to the City and secured by the lien on the Property. This Lien secures the Obligations and the remedies provided herein for breach of the Obligations. Page 3 b. For so long as title to the Property remains subject to this Lien Agreement, Owner shall not perform the following without approval from the City, which shall not be unreasonably withheld, conditioned or delayed: (1) commence work other than grading on any portion of the Public Improvements except as necessary to correct or prevent threats to the public health, safety, or general welfare with the consent of the City; or (2) sell or permit the sale of any lot shown on the Final Map. Notwithstanding the above, fee title to the entire Property encumbered by this Lien Agreement may be sold in the aggregate to a single purchaser, provided that the proposed purchaser, prior to assuming title to the property, provides such bonds or alternative security as may be required and authorized by the City and executes a new Subdivision Improvement Agreement with the City. For the avoidance of doubt, the City anticipates and expects that any subsequent owner of the Property will execute appropriate bonds to secure performance of the Public Improvement and other Obligations; the City does not anticipate entering into an additional lien agreement and Owner understands and acknowledges that the determination whether or not to enter into a lien agreement is within the sole discretion of the City. c. Prior to commencing the installation and/or construction of any portion of the Public Improvements required by the Subdivision Improvement Agreement, Owner shall deposit fees for inspection, tests, and other related purposes, and shall substitute other forms of security satisfactory to the City in place of this Lien Agreement. Grading of the Property shall not be considered construction of the Public Improvements for the purposes of this Lien Agreement and Owner is not required to substitute other forms of security in place of this Lien Agreement prior to commencing grading. d. Owner shall provide all substitute forms of security in the amounts and for the purposes set forth in the Subdivision Improvement Agreement, except that the amounts shall be calculated using the estimated cost of the Public Improvements, plus any other accrued Obligations, at the time of substitution, as ascertained by the City. e. Owner shall substitute acceptable security for this Lien Agreement and commence and complete construction of the Public Improvements required by the Subdivision Improvement Agreement within three (3) years following the date of recordation of the Final Map. At its sole discretion, the City may grant up to three extensions of time for one (1) year each. For each extension of time, Owner shall provide a title insurance policy and current title report from a title company approved by the City, and issued within 60 days prior to the request for an extension of time, that documents that Owner is the record owner of the real property to be divided as identified on the Final Map and the real property to be divided is not subject to any mortgages, deeds of trust, or judgment liens. If owner fails to complete and secure City acceptance of all Public Improvements within the two (2) year period specified in this paragraph, or any City-approved extension thereof, it shall be subject to the Penalty Fees. f. Owner shall pay the Fees related to the work required by the Subdivision Improvement Agreement for which the Fees are required, and the Penalty Fees, prior to issuance of any building permit or, if permitted by the City, prior to occupancy. g. Owner agrees that if suit is brought upon this Lien Agreement, all costs and reasonable expenses and fees incurred by the City in successfully enforcing Owner’s obligations shall be paid by Owner, including attorneys’ fees, and that, upon entry of judgment, all such costs, expenses and fees shall be taxed as costs and included in any judgment rendered. Page 4 h. Owner agrees to indemnify, and hold harmless, the City, its officers, employees, and agents from any liability whatsoever based or asserted upon: (i) any act or omission of Owner, its employees, and agents relating to or in any way connected with the accomplishment of work, obligations, or performance of service under this Lien Agreement; or (ii) the approval of this Lien Agreement. As part of the foregoing indemnity, Owner agrees to protect and defend at its own expense, including attorneys’ fees, the City, its officers, employees, and agents in any legal action based upon such alleged acts or omissions. 2. City’s Performance and Obligations a. Following (1) the City’s approval of the substitute forms of security submitted by Owner; (2) deposit by Owner of fees for inspections, tests, and other specific purposes; and (3) Owner’s payment or other performance of the Obligations encompassed by the Subdivision Improvement Agreement, performance of which are secured by this Lien Agreement, including without limitation payment of the Fees and the Penalty Fees, the City shall release the Property, from the provisions of this Lien Agreement, and shall execute any necessary release to enable Owner or its transferee to clear the record of title of the Property so released of the lien herein imposed. b. In no instances shall this Lien Agreement compel the City to construct the required Public Improvements. 3. Owner’s Representations and Warranties Owner represents and warrants that no lots within the Property have been sold, no construction permits (including but not limited to grading permits and building permits) have been issued and are active for all or part of the Property, and no construction of any of the Public Improvements has commenced./ 4. Effect of Lien Agreement a. From the date of recordation of this Lien Agreement, a lien shall attach to the Property which shall have the priority of a judgment lien in an amount necessary to discharge all obligations contained in the Subdivision Improvement Agreement and any associated Fees and Penalty Fees. Under no circumstances shall the City agree to subordinate the lien. b. Owner shall have the right to convey or sell fee title to the entire property, or a portion thereof, encumbered by this Lien Agreement, so long as the purchaser has provided alternative security acceptable to the City and agrees in writing to accept and be bound by the terms and provisions the applicable Subdivision Improvement Agreement, and to pay the Fees and the Penalty Fees (if not otherwise paid and satisfied by Owner). Any new lien agreement entered into by a purchaser of the Property must provide for completion of the Public Improvements by the same date as is specified herein. c. This Lien Agreement shall expire upon release of the Property by the City and full payment of the Fees and Penalty Fees, except that Owner’s obligation to commence the Public Improvements within two (2) years from the date of recordation of this Lien Agreement (or such date as may have been extended, as described in Section 1(e) above), shall not expire but shall remain in full force and effect until satisfactory completion of the Public Improvements in full compliance with the Subdivision Improvement Agreement. Page 5 d. Notwithstanding any provisions of the Subdivision Code to the contrary, so long as this Lien Agreement is utilized for security as described herein, the City is not obligated to accept offers of dedication for street or drainage purposes on the property. 5. Events of Default Upon the occurrence of any one of the following events, Owner shall be deemed in default hereunder a. Filing of any proceedings or action by or against Owner to declare Owner bankrupt or to appoint a receiver or trustee for Owner or to make an assignment for the benefit of creditors or to do anything else of a similar nature or purpose under any state or federal bankruptcy or insolvency laws, if such proceedings or actions are not discharged within sixty (60) days. b. Levy of any attachment or writ of execution against Owner and the Property whereby the Property is taken or occupied or attempted to be taken or occupied by someone other than Owner and such attachment or execution is not released within sixty (60) days. c. Sale of any lot shown on the Final Map prior to release of the lien created by this Lien Agreement, except as provided in Section 4(b) above. d. Request by Owner of issuance by the Department of Real Estate of the Final Subdivision Public Report for the Property without first completing the Public Improvements to the written satisfaction of the City. e. Breach by Owner of any other term or condition of this Lien Agreement or the Subdivision Improvement Agreement or Owner’s failure to fully and faithfully discharge its obligations hereunder within the time specified in Section 6 below. All References to Owner in this section shall be deemed to include Owner’s successors, assignees, and transferees. 6. City’s Remedies Upon the occurrence of any of the events described in Section 5, above, the City may declare a breach of this Lien Agreement if Owner does not cure such violation within 90 days after Owner’s receipt of written notice from the City (or, if not curable within 90 days, within such period of time as is reasonably necessary, but in no event more than 180 days, provided Owner diligently commences and pursues such cure and indemnifies the City for all related costs, of whatever kind) and the City may exercise any one or more of the following remedies: a. Pursue any or all if the remedies provided in the Subdivision Improvement Agreement; b. Enforce this lien by appropriate action in court or as provided by law and in the event of enforcement is by action in court, the Owner agrees that the amount of said lien shall include reasonable attorneys’ fees which shall be taxed as a cost in any suit for such enforcement; c. Estimate the cost of the work required to complete the Public Improvements, and all fees associated therewith, and foreclose said lien in said amount; Page 6 d. Initiate proceedings for reversion of the Property within the land division to acreage, at the expense of the Owner, in accordance with the provisions of the Subdivision Map Act; and/or e. Pursue any other remedy, legal or equitable, for the foreclosure of a lien. Owner, its heirs and assigns, shall pay reasonable attorneys’ fees to be taxed as cost in said proceedings. 7. General Provisions a. Recordation. This Lien Agreement shall be recorded by the City with the County Recorder immediately following execution of this Lien Agreement indexed by (1) all parties hereto, and (2) all parties having any record title interest in the subject real property, pursuant to Government Code Section 66436, acknowledge subordination of their interest of this Lien Agreement. b. Contingency. This Lien Agreement shall not take effect until it has been approved by the City Council of the City of Lake Elsinore. c. Entire Agreement. This Lien Agreement together with all exhibits and other agreements expressly referred to herein, constitutes the entire agreement between the parties with respect to the subject manner contained herein. All prior or contemporaneous agreements, understandings, representations, warranties, and statements, oral or written are superseded. d. Further Assurances. The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Lien Agreement and the intentions of the parties. e. Governing Law. This Lien Agreement shall be governed, interpreted, construed, and enforced in accordance with laws of the State of California. f. Headings. The captions and section headings used in this Lien Agreement are inserted for convenience of reference only and are not intended to define, limit, or effect construction or interpretation of any term or provision hereof. g. Modification, Waiver. No modification, waiver, amendment, or discharge of this Lien Agreement shall be valid unless the same is in writing and signed by all parties. h. No Other Inducement. The making, execution, and delivery of this Lien Agreement by the parties hereto have been induced by no representations, statements, warranties, or agreements other than those expressed herein. i. Severability. If any term, provision, covenant, or condition of this Lien Agreement is held to be invalid, void, or otherwise unenforceable, to any extent, by any court of competent jurisdiction, the remainder of this Lien Agreement shall not be effected thereby, and each term, provision, covenant, or condition of this Lien Agreement shall be valid and enforceable to the fullest extent permitted by law. [Signatures on next page] Page 7 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above. “CITY” CITY OF LAKE ELSINORE, a municipal corporation City Manager APPROVED AS TO FORM: City Attorney “OWNER” SOUTH SHORE II, LLC, a California limited liability company By: Printed Name: Title: Attachments: EXHIBIT A – PROPERTY LEGAL DESCRIPTION EXHIBIT B – PUBLIC IMPROVEMENTS AND ESTIMATED COSTS EXHIBIT C – MONUMENTS AND ESTIMATED COSTS STATE OF CALIFORNIA ) ) § County of ) On , before me, a Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are 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. ________________________________ Signature of Notary (Affix seal here) A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) ) § County of ) On , before me, a Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are 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. ________________________________ Signature of Notary (Affix seal here) A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. EXHIBIT “A” PROPERTY LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF LAKE ELSINORE, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: PARCEL A: APN 363-020-012 PARCEL 1 AND LETTER LOT A OF PARCEL MAP 13708, AS SHOWN BY MAP ON FILE IN BOOK 116, PAGE 100 OF PARCEL MAPS, RIVERSIDE COUNTY RECORDS. PARCEL B: APN 363-020-013 PARCEL 2 AND LETTER LOT C OF PARCEL MAP 13708, IN THE CITY OF LAKE ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, RECORDED IN BOOK 116, PAGE 100 OF PARCEL MAPS, RECORDS OF SAID COUNTY. PARCEL C: APN 363-020-014 PARCEL 3 AND LETTER LOT B OF PARCEL MAP 13708, AS PER PARCEL MAP RECORDED IN BOOK 116, PAGE 100 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL D: APN 363-020-015 PARCEL 4 TOGETHER WITH LOT D, INCLUSIVE, OF PARCEL MAP NO. 13708 ON FILE IN BOOK 116 PAGE 100 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL E: APN 363-020-018 THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF FRACTIONAL SECTION 4, TOWNSHIP 6 SOUTH, RANGE 4 WEST, SAN BERNARDINO BASE AND MERIDIAN, AS SHOWN BY UNITED STATES GOVERNMENT SURVEY APPROVED AUGUST 25, 1880; EXCEPTING THEREFROM, THE WEST 40 ACRES OF SAID NORTHWEST 1/4 THEREOF; ALSO EXCEPTING THEREFROM THE EAST 10 ACRES OF SAID SOUTH 1/2 OF THE NORTHWEST 1/4 THEREOF; ALSO EXCEPTING THEREFROM THAT PORTION DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE NORTHERLY LINE OF THE SOUTHWEST 1/4 OF SAID SECTION 4, DISTANT EASTERLY THEREON 487.02 FEET FROM THE NORTHWESTERLY CORNER OF THE EAST 1/2 OF THE WEST 1/2 OF SAID SOUTHWEST 1/4 OF SECTION 4; THENCE NORTH 1° 05' 25" WEST, 489.31 FEET; THENCE NORTH 89° 34' 40" WEST AND PARALLEL WITH SAID NORTHERLY LINE, 360.00 FEET; THENCE SOUTH 1° 05' 25" EAST, 489.31 FEET TO SAID NORTHERLY LINE; THENCE SOUTH 89° 34' 40" EAST, ALONG SAID NORTHERLY LINE 360.00 FEET TO THE POINT OF BEGINNING. ALSO EXCEPTING THEREFROM THAT PORTION AS SHOWN IN DEED RECORDED DECEMBER 29, 2006 AS INSTRUMENT NO. 2006-951696 OF OFFICIAL RECORDS. PARCEL F: APN 363-020-002 THE SOUTH 1/2 OF THAT PORTION OF LOT 4 IN THE NORTH 1/2 OF THE NORTHWEST 1/4 OF SECTION 4, TOWNSHIP 6 SOUTH, RANGE 4 WEST, SAN BERNARDINO BASE AND MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF THE WESTERLY 40 ACRES OF SAID NORTHWEST 1/4 SAID POINT ALSO BEING THE NORTHWESTERLY CORNER OF THE LAND DESCRIBED IN DEED TO STELMA CORPORATION, A CORPORATION, RECORDED APRIL 11, 1962 AS INSTRUMENT NO. 33083 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE SOUTHERLY ALONG THE WESTERLY LINE OF SAID LAND DEEDED TO STELMA CORPORATION TO THE SOUTHERLY LINE OF SAID LOT 4; THENCE EASTERLY ALONG SAID SOUTHERLY LINE OF LOT 4 TO THE SOUTHEASTERLY CORNER THEREOF; THENCE NORTHERLY ALONG THE EASTERLY LINE OF SAID LOT 4 TO THE NORTHERLY LINE OF SAID SECTION 4; THENCE WESTERLY ALONG THE NORTHERLY LINE OF SAID SECTION TO THE POINT OF BEGINNING. THE SOUTH 1/2 BEING MEASURED ALONG THE EASTERLY LINE OF THE ABOVE DESCRIBED PARCEL. PARCEL G: APN 363-020-003 THE NORTH 1/2 OF THAT PORTION OF LOT 4 IN THE NORTH 1/2 OF THE NORTHWEST 1/4 OF SECTION 4, TOWNSHIP 6 SOUTH, RANGE 4 WEST, SAN BERNARDINO BASE AND MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF THE WESTERLY 40 ACRES OF SAID NORTHWEST 1/4 SAID POINT ALSO BEING THE NORTHWESTERLY CORNER OF THE LAND DESCRIBED IN DEED TO STELMA CORPORATION, A CORPORATION, RECORDED APRIL 11, 1962 AS INSTRUMENT NO. 33083 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE SOUTHERLY ALONG THE WESTERLY LINE OF SAID LAND DEEDED TO STELMA CORPORATION TO THE SOUTHERLY LINE OF SAID LOT 4; THENCE EASTERLY ALONG SAID SOUTHERLY LINE OF LOT 4 TO THE SOUTHEASTERLY CORNER THEREOF; THENCE NORTHERLY ALONG THE EASTERLY LINE OF SAID LOT 4 TO THE NORTHERLY LINE OF SAID SECTION 4; THENCE WESTERLY ALONG THE NORTHERLY LINE OF SAID SECTION TO THE POINT OF BEGINNING. SAID NORTH 1/2 BEING MEASURED ALONG THE EASTERLY LINE OF THE ABOVE DESCRIBED PARCEL. APN: 363-020-002-6, 363-020-003-7, 363-020-012-5, 363-020-013-6, 363-020-014-7, 363-020015-8 and 363-020-018-1 EXHIBIT “B” PUBLIC IMPROVEMENTS AND ESTIMATED COSTS [To be inserted] PARCEL MAP OR TRACT MAP NO. 36567 DATE: 3/27/2023 IP: IMPROVEMENTS Street/Drainage $ 4,102,340.22 $ $ Flood Control $ 0.00 $ $ Water EVMWD $ 0.00 $ $ District Name Sewer EVMWD $ 0.00 $ $ District Name Total 4,102,340.22 $$ Warranty Retention (10%) $ Construction items and their quantities, as shown on the attached sheets, are accurate for the improvements required to construct the above project and the mathmatical extensions, using County's unit costs, are accurate for determining bonding costs. Street and Storm Drain Quantities are based on Engineered Plans. Sewer and Water quantities are based on engineered CAD drawings. Above amounts do do not include additional 20% for recordation prior to having signed plans (Ordinance460, Section 10.3E). 3/27/2023 Signature Date Xavier Pfister 71579 12/31/2023 Name Typed or printed RCE# Exp. Date Civil Engineer's Stamp 2,051,250.00 CITY OF LAKE ELSINORE CONSTRUCTION COST WORKSHEET DESIGN ENGINEER'S CALCULATION OF IMPROVEMENT BONDING COSTS 0.00 0.00 0.00 2,051,250.00 PP, CU, PU, MS OR VL NO. 4,102,500.00 0.00 0.00 0.00 4,102,500.00 410,250.00 FAITHFUL PERFORMANCE SECURITY (100% of Estimated Construction Costs) Construction Costs) SECURITY (**50% of Estimated MATERIAL & LABOR SOUTHSHORE II - TR36567 - COST ESTIMATE - 3-27-23.xls UNIT C.Y. $ 0.40 $ 0.00 C.Y. $ 1.10 $ 0.00 C.Y. $ 2.80 $ 0.00 L.F. $ 1.00 $ 140.00 S.F. $ 2.25 $ 630.00 S.Y. $ 2.00 $ 0.00 S.Y. $ 1.45 $ 0.00 L.F. $ 18.00 $ 0.00 L.F. $ 3.00 $ 0.00 EA. $ 250.00 $ 0.00 L.F. $ 7.50 $ 0.00 L.F. $ 10.00 $ 0.00 TON $ 90.00 $ 508,693.28 C.Y. $ 50.00 $ 220,263.89 TON $ 90.00 $ 376,020.00 C.Y. $ 50.00 $ 162,850.00 Ton $ 600.00 $ 0.00 S.F. $ 0.90 $ 0.00 L.F. $ 15.00 $ 190,125.00 L.F. $ 17.00 $ 0.00 L.F. $ 12.00 $ 0.00 L.F. $ 12.00 $ 0.00 L.F. $ 15.00 $ 0.00 L.F. $ 10.00 $ 0.00 L.F. $ 15.00 $ 0.00 S.F. $ 10.00 $ 24,700.00 S.F. $ 6.00 $ 446,160.00 S.F $ 4.00 $ 0.00 S.F. $ 8.00 $ 191,360.00 S.F. $ 6.00 $ 0.00 P.C.C. Drive Approach Type "C" Curb P.C.C. Cross Gutter and Spandrels P.C.C. Sidewalk Type "D" Curb 6" Agg Base Class II (237,885 S.F.) Asphalt Emulsion (Fog Seal/Paint Binder) (1 ton = 240 gals) apply at 0.05+0.03 = 0.08 gal/SY 4,178 4" Asphalt Concrete - OFFSITE (175,840 S.F.) ( 144 lbs/cu.ft) 3,257 6" Agg Base Class II - OFFSITE (175,840 S.F.) Remove Chain Link Fence Relocate Mailbox 4" Asphalt Concrete (237,885 S.F.) ( 144 lbs/cu.ft) 140 12,675 Curb and Gutter (Type A-6) 2. Projects without a Grading Plan Road area and side slopes to daylight Cut (c) = Fill (f) = 5,652 (b.) Excavate and Export Sawcut Exist. A.C. Pavement Cold Plane A.C. Pavement P.C.C. Dip Section Std. 307 Remove Barricade Type "D-1" Curb 4,405 $ 0.0020.00 Curb and Gutter (Type A-8) Remove A.C. Pavement (c.) Import and Fill If balance, provide (a.) only, either cut or fill If export, provide (a.)&(b.) a = fill, b = cut - fill If import, provide (a)&(c), a = cut, c = fill - cut (Unit costs for (a),(b), & (c) are 20% of actual costs to assure that work will be corrected to eliminate hazardous conditions.) ROADWAY EXCAVATION Remove Curb and Gutter Grinding A.C. , in place 280 (a.) Excavate and Fill 1. Projects with Grading Plan Area x 0.50' (hinge point to hinge point)C.Y. Remove A.C. Dike A.C. Dike (6")(incl. material & labor) $ 2,470 23,920 74,360 CITY OF LAKE ELSINORE IMPROVEMENT REQUIREMENT WORKSHEET COST STREET IMPROVEMENTS UNIT AMOUNT QUANTITY ITEM A.C. Dike (8")(incl. material & labor) D.G. Trail AC overlay (min. 0.10') (23448 SF) SOUTHSHORE II - TR36567 - COST ESTIMATE - 3-27-23.xls UNIT CITY OF LAKE ELSINORE IMPROVEMENT REQUIREMENT WORKSHEET COST STREET IMPROVEMENTS UNIT AMOUNT QUANTITY ITEM EA. $ 2,000.00 $ 20,000.00 C.Y. $ 400.00 $ 0.00 L.F. $ 100.00 $ 0.00 L.F. $ 50.00 $ 0.00 L.F. $ 10.00 $ 63,375.00 L.F. $ 80.00 $ 0.00 L.F. $ 12.00 $ 0.00 EA. $ 1,000.00 $ 0.00 EA. $ 10,000.00 $ 0.00 EA. $ 5,000.00 $ 185,000.00 EA. $ 2,500.00 $ 0.00 EA. $ 500.00 $ 10,000.00 EA. $ 500.00 $ 1,000.00 C.Y. $ 400.00 $ 0.00 EA. $ 800.00 $ 0.00 EA $ 2,000.00 $ 0.00 EA $ 2,000.00 $ 0.00 EA $ 2,000.00 $ 10,000.00 EA $ 500.00 $ 0.00 S.F. $ 6.50 $ 0.00 S.F. $ 6.50 $ 0.00 C.Y. $ 400.00 $ 0.00 C.Y. $ 200.00 $ 0.00 C.Y. $ 40.00 $ 1,680.00 C.Y. $ 45.00 $ 0.00 C.Y. $ 50.00 $ 0.00 C.Y. $ 55.00 $ 0.00 C.Y. $ 60.00 $ 0.00 C.Y. $ 67.00 $ 0.00 C.Y. $ 75.00 $ 0.00 C.Y. $ 80.00 $ 0.00 L.F. $ 40.00 6,240.00 L.F. $ 113.00 $ 39,550.00 L.F. $ 140.00 $ 19,180.00 L.F. $ 150.00 $ 333,750.00 L.F. $ 155.00 $ 161,975.00 L.F. $ 160.00 0.00 L.F. $ 165.00 0.00 L.F. $ 170.00 0.00 L.F. $ 175.00 0.00 L.F. $ 40.00 $ 0.00 L.F. $ 50.00 $ 0.00 L.F. $ 60.00 $ 0.00 L.F. $ 70.00 $ 0.00 L.F. $ 80.00 $ 0.00 L.F. $ 100.00 $ 0.00 Structural Reinforcement Concrete Utility Trench, one side (Edison, Telephone, Cable) (total length of Streets) Handicapped Access Ramp10 Metal Beam Guard Railing Pipe Gate Curb Outlet Drainage Structure Std 308 Chain Link Fence ( 6' ) Barricades Relocate Power Pole Street Lights (including conduit) Relocate Fence 37 6,338 Cut Off Wall ( Std 2' ) Interceptor Drain A. C. Overside Drain Concrete Bulkhead 20 Private Drainage Structure Std 310 5 R.C. Box Culvert Concrete Channel Terrace Drain & Down Drain Slope Anchors for Pipes Under Sidewalk Drain Std 309 Flat Outlet Drainage Structure Std 303 42 Rip Rap ( 1/4 Ton ) Methob B Grouted Rip Rap ( 1/4 Ton ) Method B Rip Rap ( 1/2 Ton ) Methob B Rip Rap ( 1 Ton ) Method B Rip Rap ( 2 Ton ) Method B 137 Grouted Rip Rap ( 1/2 Ton ) Method B Grouted Rip Rap ( 1 Ton ) Method B Grouted Rip Rap ( 2 Ton ) Method B 156 12" PVC 24" R.C. P. Or 28" x 20" RCPA 350 1045 48" R.C. P. Or 57" x 38" RCPA 60" R.C. P. Or 71" x 47" RCPA 18" R.C. P. Or 21" x 15" RCPA 2225 42" R.C. P. Or 49" x 33" RCPA 54" R.C. P. Or 64" x 43" RCPA 30" R.C. P. Or 35" x 24" RCPA 36" R.C. P. Or 42" x 29" RCPA 18" C.S.P. HDPE Or Equal 48" C.S.P. HDPE Or Equal 24" C.S.P. HDPE Or Equal 30" C.S.P. HDPE Or Equal 42" C.S.P. HDPE Or Equal 36" C.S.P. HDPE Or Equal 2 Concrete Collar SOUTHSHORE II - TR36567 - COST ESTIMATE - 3-27-23.xls UNIT CITY OF LAKE ELSINORE IMPROVEMENT REQUIREMENT WORKSHEET COST STREET IMPROVEMENTS UNIT AMOUNT QUANTITY ITEM L.F. $ 110.00 $ 0.00 L.F. $ 120.00 $ 0.00 EA. $ 2,200.00 $ 0.00 EA. $ 4,000.00 $ 0.00 EA. $ 7,800.00 $ 46,800.00 EA. $ 12,000.00 $ 36,000.00 EA. $ 15,000.00 $ 90,000.00 EA. $ 2,500.00 $ 0.00 EA. $ 2,500.00 $ 0.00 EA. $ 3,000.00 $ 0.00 EA. $ 3,000.00 $ 9,000.00 EA. $ 3,700.00 $ 0.00 EA. $ 12,500.00 $ 0.00 EA. $ 12,500.00 $ 0.00 EA. $ 2,700.00 $ 2,700.00 EA. $ 2,700.00 $ 24,300.00 EA. $ 3,300.00 $ 6,600.00 EA. $ 2,700.00 $ 0.00 EA. $ 5,000.00 $ 5,000.00 EA. $ 250.00 $ 0.00 EA. $ 600.00 $ 0.00 EA. $ 400.00 $ 3,200.00 EA. $ 7,500.00 $ 15,000.00 EA. $ 15,000.00 $ 15,000.00 LS $ 25,000.00 $ 25,000.00 $ 0.00 $ 0.00 $ 0.00 LS Signing and Striping $ 10,000.00 $ 10,000.00 S.F $ 2.50 $ 0.00 EA. $ 100.00 $ 0.00 EA. $ 150.00 $ 0.00 EA. $ 400.00 $ 0.00 EA. $ 150.00 0.00 EA. $ 150.00 $ 0.00 EA. $ 250.00 $ 0.00 EA. $ 400.00 $ 0.00 EA. $ 60.00 $ 0.00 EA. $ 40.00 $ 0.00 EA. $ 45.00 $ 0.00 EA. $ 3.75 $ 0.00 L.F. $ 0.38 $ 0.00 L.F. $ 10.00 $ 0.00 L.F. $ 0.50 $ 0.00 L.F. $ 1.40 $ 0.00 1 Adjust MH to Grade ( if no sewer plan ) Basin Improvements (pipes/access/forbay/sand) 2 Type IX Inlet 3 9 Transition Structure No. 2 Transition Structure No. 3 54" C.S.P. HDPE Or Equal 6 Catch Basin W=14' Catch Basin W=21' Catch Basin W=28' Street Name Sign Install Sign ( Strap and Saddle Bracket Method) Type X Inlet Junction Structure No. 1 Junction Structure No. 2 Catch Basin W=7' 60" C.S.P. HDPE Or Equal Catch Basin W=4' 3 Adjust Water Valve to Grade ( if no water plan ) 6 1 Manhole No. 3 Manhole No. 4 Junction Structure No. 7 Transition Structure No. 1 Wingwall/Headwall 1 2 Install Sign Mast Arm Hanger Method) Delineator ( Class 1 Type F) SIGNING, STRIPING AND SIGNALS 8 1 Manhole No. 1 Manhole No. 2 Remove, Sign, Salvage Relocate Roadside Sign Road Sign - One Post 4" Thermoplastic Traffic Stripe Road Sign - Two Post Object Marker - Modified Type "F" Delineator Pavement Marker, Reflective 8" Thermoplastic Traffic Stripe Paint Traffic Stripe (2 Coats ) Remove Barricade 1 Outlet Structure Remove Traffic Stripes and Paint Markings Street Name Sign Delineator ( Class 2 ) SOUTHSHORE II - TR36567 - COST ESTIMATE - 3-27-23.xls UNIT CITY OF LAKE ELSINORE IMPROVEMENT REQUIREMENT WORKSHEET COST STREET IMPROVEMENTS UNIT AMOUNT QUANTITY ITEM S. F. $ 2.25 $ 0.00 S.F. $ 4.00 $ 0.00 EA 150,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ S. F. $ 6.00 $ 0.00 S. F. $ 15.00 $ 0.00 EA $ 140.00 $ 20,580.00 S. F. $ 5.00 $ 0.00 C.Y. $ 27.00 $ 0.00 EA $ 10,000.00 $ 0.00 EA $ 10,000.00 $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 $ $ 0.00 A. $3,281,872.17 B. $ 820,468.04 C. $4,102,340.22 D. $ 820468.04 E.Streets/Drainage Total (C + D)$4922808.26 BOND AMOUNT FOR RECORDATION PRIOR TO HAVING SIGNED PLAND ( ORD.460, SEC. 10.3E) Subtotal 20% x C Streets/Drainage Total (A + B) Administrative Contingency (25% x A) NOTE: Use 25% for TR and PM Use 5% for PP, CU, PU, MS and VL Cases Landscape Fill Material Water Meter Maintenance Walk STD 113 LANDSCAPING Landscape and Irrigation Colored Stamped Concrete 147 Street Trees ( 15 Gallon ) Electric Meter Thermoplastic Channelizing Limit Line and Pavement Marking Thermoplastic Cross Walk and Pavement Marking Signal and Lighting SOUTHSHORE II - TR36567 - COST ESTIMATE - 3-27-23.xls EXHIBIT “C” MONUMENTS AND ESTIMATED COSTS [To be inserted] Riverside County Transportation Department, Survey Division Map Preparation Manual 8.0 Map Checking Procedures 17 Nov 2018 8.5 MONUMENT BOND COMPUTATION Map # __________________ Schedule _______ Map Checker _____________________ Schedule “A” through “H” Maps Drive Time Hours to Map Net Work Time Hours per Day Cost per Day 10-hour Day Cost per Monument 0.5 9 $2,500.00* $300 1.0 8 $342 1.5 7 $400 2.0 6 $478 Out-of-Town Monumentation Surveys 8 $** $415 Schedule “I” Maps Drive Time Hours to Map Net Work Time Hours per Day Cost per Day 10-hour Day Cost per Unit Monument 0.5 9 $2,500.00* $600 1.0 8 $685 1.5 7 $800 2.0 6 $960 Out-of-Town Monumentation Surveys 8 $** $830 Notes: * Based on a crew of one Registered Principal Engineering Technician and one Senior Engineering Technician. ** 10-hour workday, meals, and lodging for a 2-person crew per day in a 4-day, 40-hour work week. Total Monuments to be Bonded x Cost per Monument x 120% = Total Bond Amount _________________________ _______________ ________________ Monument Inspection Fee: $ ________________________________________ (deposit based) Date Monument Bond Computation submitted to Transportation Plan Check Review: _________