HomeMy WebLinkAboutPayment 01-3 Olive Park II
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BAKERSFIELD
PUBLIC WORKS DEPARTMENT
MEMORANDUM
TO:
Sharon Traynor, Accounting Clerk II
FROM: ~
DATE:
Marian P. Shaw, Civil Engineer IV
December 21, 2004
SUBJECT: ASSESSMENT DISTRICT NO. 01-3 PAYMENT REQUEST
*******************************************************************
The City has received a written application request from the developer that the
improvements referenced on the attachment are complete and have been accepted by the
City. Documents included contracts, change orders, paid invoices and other documentation
establishing the actual amount paid by the developer, thus establishing the Acquisition
Price at actual cost. In Addition, the developer has provided the City a Mechanics lien free
endorsement as per the requirements of the Acquisition Agreement. Therefor, please find
attached the Application for Payment of improvements for Assessment District No. 03-2,
Olive Park II Area Acquisition Payment No.1 Processing.
Wilson and Associates was retained by the City Public Works Department to review those
applications for payment from bond proceeds for this Assessment District.
Completed Items as per Exhibit "A" of the Acquisition Agreement: (See attached
request). $417,420.25
Send $ 417,420.25 to:
Olive Park Land Company
P.O. Box 20247
Bakersfield, CA 93390
Attention: Michael Spickler
xc: Nelson Smith, Assistant Finance Director
Bob Sherfy, Deputy City Attorney
03-2reimb I.doc prepared Tuesday, December 21, 2004 4:39PM
Wilson & Associates
7600 North Ingram Avenue, Suite 202
Fresno, California 93711
(559) 436-6644
Fax: (559) 436-6646
November 16,2004
29638-A
John StinsonlMarian Shaw
Public Works Department
City of Bakersfield
1501 Truxtun Avenue
Bakersfield, CA 93301
Re: City of Bakersfield Assessment District No, 03-2 - Olive Park II Area
Acquisition Payment No.1 Processing
Dear John and Marian:
Wilson & Associates has finished our review process of the payment request for the approved
improvements completed in the Olive Park II Area of Assessment District No. 03-2 ("AD 03-2"),
based on the payment request date-stamped October 26, 2004, and the updated submittal dated
November 9, 2004 (collectively, the "Application"), submitted by Olive Park Land Company (the
"Applicant"). This letter and recommendation for payment pertain to all Olive Park II Area
improvements, classified as the "Old Farm Road - East Side (Tract No. 6117 Unit One Frontage)"
and the "Tract No. 6117 Unit One On-site Improvements" in the Application and in the Final
Engineer's Report for AD 03-2 ("Engineer's Report").
After reviewing said Application, we have come to the below-described conclusions and
recommendations regarding this Acquisition Payment No. 1 for said improvements in the Olive Park
II Area. Enclosed with this letter is a table entitled "Table I, Itemized Improvements and
Acquisition Costs Approved for Payment Nö. 1 in Olive Park II Area, City of Bakersfield
Assessment District No. 03-2" ("Table I") that presents a comparison of the cost of improvements
to be acquired as they were estimated and shown on Exhibit B, Table B-II-E of the AD 03-2
Engineer's Report (which is the acquisition amount funded by the AD 03-2 proceedings) to the
itemized amount paid by the Applicant for each item of work shown in the Application and
requested for payment by the Applicant. Table 1 also shows in its column entitled "Approved
Payment Per This Request" the amount for each item of work we recommend for payment to the
Applicant as the AD 03-2 Acquisition Price under Payment No.1 for the Olive Park II Area. Also
enclosed are copies of: (i) the Applicant's "Application and Certificate for Payment" form (date-
stamped October 26,2004) and the supporting table, (ii) the City issued Notice of Completion for
Tract No. 6117 Unit 1. (iii) the Applicant issued Notice of Completion for Tract No. 6117-1, and (iv)
the Chicago Title issued "Mechanic's Lien Guarantee" for Tract No. 6117 Phase I.
John StinsonlMarian Shaw
November 16, 2004
Page Two
The total Acquisition Price recommended for payment to the Applicant for acquisition of all of the
completed AD 03-2 Olive Park II Area improvements per said Application is $417,420.25, all as
itemized on the enclosed Table I and summarized below. The following is a recapitulation offunds
recommended for payment under this Payment No, 1:
Improvement Acquisition Item
A. Old Farm Road - East Side
(Tract No. 6117 Unit One Frontage)
a. Street Improvements
b, Subtotal Improvement Cost
c. Construction Contingency
d. Incidental Cost
e. Totals
B. Tract No. 6117 Unit One
On-site Improvements
a, Street Improvements
b. Storm Drain Improvements
c. Subtotal Improvement Cost
d. Construction Contingency
e. Incidental Cost
f Totals
AD 03-2
Approved
Amount
Amount
Requested
for Payment
Amount
Approved for
Payment No. I
$ 47.498.75 $ 523.460.74 $ 47.498.75
$ 47,498,75 $ 523,460.74 $ 47,498.75
$ 0.00 $ 0.00 $ 0.00
$ 0.00 $ 0.00 $ 0.00
$ 47,498.75 $ 523,460.74 $ 47,498.75
$ 203,586,50 $ incl. in A. a. $ 203,586.50
$ 166.335.00 $ 184.468.70 $ 166.335.00
$ 369,921.50 $ 184,468.70 $ 369,921.50
$ 0.00 $ 0.00 $ 0.00
$ 0.00 $ 0,00 $ 0.00
$ 369,921.50 $ 184,468.70 $ 369,921.50
C. Total Olive Park II Area Improvements $ 417,420.25 $ 707,929.44 $ 417,420.25
As also described in notes on Table 1, the above-summarized amounts are based on the following
findings:
1. Items labeled "I" in the Table I notes column are the items funded in the AD 03-2
Engineer's Report which were billed together with other items (on the same invoice) in this
Payment No. I request.
2. Items labeled "2" in the Table 1 notes column are the items approved for payment at this
time at a lesser amount than requested (up to the maximum amount available per AD 03-2
Engineer's Report for payment of all completed improvements in the Olive Park II Area).
John StinsonlMarian Shaw
November 16, 2004
Page Three
Based on the findings described above, and in accordance with the Application, it is the
recommendation of our analysis that $417,420.25 be paid and that a check for that amount be made
payable to Olive Park Land Company, as the payment pursuant to this Payment No. 1 request for all
completed Tract No. 6117 Unit One Improvements (off-site and on-site) in the Olive Park II Area
of AD 03-2.
Please call if you have any questions on the results of our analysis or the recommendations presented
herein for payment of the Acquisition Price.
Sincerely
~~~
Ed Wilson
Dejan Pavié
Wilson & Associates
Enclosures
cc: Bryan Batey/Michael Spickler
l'
TABLE 1
ITEMIZED IMPROVEMENTS AND ACQUISITION COSTS APPROVED FOR PAYMENT NO.1
IN
OLIVE PARK II AREA
CITY OF BAKERSFIELD ASSESSMENT DISTRICT NO. 03-2
DESCRIPTION
A. OLD FARM ROAD· EAST SIDE (Tract No. 6117 Frontage)
a,STREETIMPROVEMENTS
AC Paving
Aggregate Base
6" Curb & Gutter
MUlti-purpose Bike Trail
TOTAL STREET IMPROVEMENTS
b, SUBTOTAL IMPROVEMENT COST
c, CONSTRUCTION CONTINGENCY
d, SUBTOTAL IMPROVEMENT COST AND CONTINGENCY
e. INCIDENTAL COST
Design Engineering
Improvement Bonds
Construction Staking
Solis end Materials Testing and Report
Contractor SupelVision and OverheadlConstr, Administration;
Plan Check and Inspection Fees i
Construcllon Inspection Fees !
TOTAL INCIDENTAL COST
f. TOTAL OLD FARM ROAD - EAST SIDE (Tract No. 6117 Frontage)
IMPROVEMENTS, CONTINGENCY, AND INCIDENTALS
B. TRACT NO. 6117 UNIT ONE ON-SITE IMPROVEMENTS
a, STREET IMPROVEMENTS
AC Paving
Aggregate Base
6" Curb & Gutter
4" Concrete Sidewalk
4" Concrete Driveway Approach
6" Cross Gutter 12'
TOTAL STREET IMPROVEMENTS
b, STORM DRAIN IMPROVEMENTS
1001
659
1327
10616
TON 18.00 1 LS (Invoice #1) 285802,84 $285,802,74
CY 10,00 included above in Invoice #1
LF 5,25 1 LS (Invoice #2) 237658,00 $237,658.00
SF 1,50 included above In Invoice #2
$523,460.74
$523,460,74
$0,00
$523,460.74
$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 $0.00
$47,498.75 $523,460.74
TON 18,00 $59,778.00 included above In Invoice #1
CY 10,00 $26,240,00 Included above In Invoice #1
LF 5.25 $48,546.75 included above in Invoice #2
SF 1,50 $49,795,50 Included above In Invoice #2
SF 1.75 $14,726,25 Included above in Invoice #2
EA 1500.00 $4,500,00 included above in Invoice #2
$203,586,50 NIA
_L.
3321
2624
9247
33197
8415
3
18" Storm Drain Pipe 693 LF 12.00 $8,316,00 I 693 LF 26,90 $18,641,70
24" Storm DraIn Pipe 1043 LF 28,00 $29,204,00 1043 LF 35,00 $36,505.00
30" Storm Drain Pipe 518 LF 35,00 $18,130,00 518 LF 39,00 $20,202,00
Catch Basin (3.5' opening) 6 EA 2000.00 $12,000,00 6 EA 2500.00 $15,000.00
Manhole 5 EA 1800.00 $9,000.00 I 5 EA 1950.00 ,$9,750.00
Oullet Structure 1 EA 1000,00 $1,000.00 I 1 EA 2500,00 $2,500,00
Catch Basin (3,5' opening) at the Sump 1 EA 2000,00 $2,000,00 1 EA 2500,00 $2,500,00
30" Storm Drain Pipe at the Sump , 55 LF 35,00 $1,925,00 55 LF 39,00 $2,145,00
Sump Excavallon ! 18500 CY 2,00 $37,000,00 1 LS 47000,00 $47,000,00
6' Block Wall around the Sump (0-2' Ret.) 995 LF 48,00 $47,760.00 650 LF 46,50 $30,225,00
TOTAL STORM DRAIN IMPROVEMENTS
c. SUBTOTAL IMPROVEMENT COST
d, CONSTRUCTION CONTINGENCY
e, SUBTOTAL IMPROVEMENT COST AND CONTINGENCY
f. INCIDENTAL COST
Design Engineering r---
Improvement Bonds I
Construction Staking :
Salls and Materials Tesllng and Report· I
Contractor SupelVislon and OverheadlConstr, Admlnistrallon
Plan Check and Inspection Fees
Construction Inspection Fees .1-
TOTAL INCIDENTAL COST
g, TOTAL TRACT NO. 5626 ON-SITE
IMPROVEMENTS, CONTINGENCY, AND INCIDENTALS
C. TOTAL OLIVE PARK II AREA (TRACT NO. 6117 UNIT ONE) IMPROVEMENT COST
(Add Items A and B)
a, IMPROVEMENTS
b, CONTINGENCY
c, INCIDENTALS
TOTAL OLIVE PARK II AREA (TRACT NO. 6117 UNIT ONE) IMPROVEMENT COST
$166,335,00
$369,921.50
$0,00
$369,921,50
$0.0°1
$0,00
$0.00
$0.00
$0,00
$0,00
$0,00
$0,00
$369,921.50
$184,468,70
$184,468,70
$0.00
$184,468.70
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$184,468.70
$417,420.25
$0,00
$0,00
$417,420.25
$707,929,44
$0,00
$0,00
$707,929,44
D. RECAPITULATION
a, TOTAL APPROVED FOR PAYMENT PER FINAL ENGINEER'S REPORT
b, TOTAL APPROVED FOR PAYMENT NO, 1 (PER THIS REQUEST)
c, TOTAL FUNDS AVAILABLE FOR PAYMENT AT A LATER DATE
$417,420.25
$417,420,25
$0,00
$0,00
$0.00
$0.00
$0,00
$0,00
$0,00
$0,00
$0,00
$47,498.75
$59,778,00
$28,240,00
$48,546.75
$49,795,50
$14,726.25
$4,500,00
$203,586,50
$10,508,00
$36,505,00
$20,202,00
$15,000,00
$9,750,00
$2,500,00
$2,500,00
$2,145,00
$37,000,00
$30,225.00
$166,335,00
$369,921,50
$0,00
$369,921,50
$0,00
$0,00
$0,00
$0.00
$0,00
$0,00
$0,00
$0,00
$369,921,50
2
2
$417,420,25
$0.00
$0,00
$417,420.25
Notes:
1, Items funded in the Final Engineer's Report for AD 03-2 which were billed together with other items (on the same invoice),
2, Items approved for payment at this time at a lesser amount than requested (up to the maximum amount available per Final Engineer's Report for payment of all completed Improvements
In the Olive Park" Area),
29638-AWK4
11/1612004
TO: Olive Park Land Company
P.O. Box 20247
Bakersfield, CA 93390
PROJECT: AD 03 - 2 Process Date:9/0 1/04
Olive Park Subdivision
Street Improvements and Storm Drain
ATTENTION: Marian Shaw Contractor: Rosedale Construction Company
City of Bakersfield P.O. Box 20247 Iì/
1501 Truxtun Ave. Bakersfield, CA 93390 '/)!? ~
Bakersfield, CA 93301 ~ fJD' It !l~
Owner'. Application For Payment DC ¡:: II I!!ø~
re' , G 20
In accordance with the Acquisition Agreement No. 03-107a, application for~ A . '04
Payment is made for the foDowing items of work:
1. Street Improvements Tract 6117 "Olive Park" $523,460.74
2. Storm Water Improvements Tract 6117 "Olive Park" $184,468.70
Total Improvement Costs Tract 6117
$707,929.44
Total Cost as Approved in Final Engineers Report
$417,420.25
The above items of work are 100% complete.
The above amounts are the aetual costs for eaeh item of work as outlined in
the Engineer's Report Exhibit B Table B-n-F.
Engineer's Certificate For Payment
In accordance with the Contract Document, based upon
on-site observations and the date comprising the above
application, The Engineer certifies to the Owner that the
Work has progressed to the point indicated; that to the
best of his knowledge, information and belief; the quality
of the Work is in accordance with the Contract Documents;
and that the Contractor is entitled to payment of the
AMOUNT CERTIFIED.
(Attach explanation if amount certified diflèrs from the
amount applied for.)
By:
Ro E. Smith R! 35 3
This certificate is not negotiable. The AMOUNT CERTIFIED is payable only
to the Contractor named herein. Insurance, payment and acceptance of
payment are without prejudice to any rights of the Owner or Contractor under
this Contract.
Owner's Certification
Rosedale Construction Company hereby certifies that the materials or services shown
hereon were furnished to the City of Bakersfield: that no part has been paid; that the items
of this claim are just and legal; that there is due the undersigned the amount shown hereon.
Olive Park Land Company
P.O. Box 20247
Bakersfield, CA 93390
~(Q)(P)W
ACTUAL COST COMPARISON A. D. 03-2
DISCRIPTION QUANTITY COST ESTIMATE ACTUAL DIFFERENCE REF #
A. OLD FARM ROAD - EAST SIDE TRACT 6117 FRONTAGE
a.STREETIMPROVEMENTS
A.C.Paving 1001 TON 35 $18,018.00
Aggregate Base 659 CY 23 $6,590~OO:;f$285,802~Sjf 1
6" Curb and Gutter 1327 LF 7.5 ' $6;966.75>
Multi..purpose bike Trail 10616 SF 2.25 $15;924:00 $237,658:00 2
TOTAL STREET IMPROVEMENTS OFF SITE $47,498.75
B. TRACT 6117 UNIT 1 ON-SITE IMPROVEMENTS
a.STREETIMPROVEMENTS
A. C. Paving 3321 TON 18 '$59,n8.00'T
Aggregate Base 2624 CY 10 $26,240.00l
6" CUrb and Gutter 9247lF 5.25 '$48,546.75
4" Concrete Sidewalk 33197 SF 1.5 $49,795.50
6" Concrete Driveway Approach 8415 SF 1.75 $14,726.25
6" Cross Gutter 12' 3EA 1500 $4,500.00
TOTAL STREET IMPROVEMENTS $203,586.50 $523,460.74 $272,375.49
b. STORM DRAIN IMPROVEMENTS
18" Storm Drain Pipe 693lF 12 $8,316.00
24" Storm Drain Pipe 1043 LF 28 $29,204.00
30" Storm Drain Pipe 518 LF 35 $18,130.00
Catch Basin 3.5' Opening 6EA 2000 $12,000.00
Manhole 5EA 1800 $9,000.00
Standard OuUet Structure 1EA 1000 $1,000.00
Catch Basin (3.5' Opening at Sump 1 2000 $2,000.00
30" Storm Drain Pipe at Sump 55LF 35 $1,925.00 $107,243.70 $25,668.70 4
Sump excavation 18500CY 2 $37,000.00 $47,000.00 $10,000.00 5
6' Block Wall around Sump 2' Rat. 995 LF 48 $47,760.00 $30,225.00 ($16,n5.oo) 6
TOTAL STORM DRAIN IMPROVEMENTS $166,335.00 $184,468.70 $18,133.70
c. SUBTOTAL IMPROVEMENT COST $369,921.50 $707,929.44 $338,007.94
d. CONSTUCTION CONTINGENCY $0.00
f. INCEDENTAL COST $0.00
g. TOTAL TRACT NO. 6117 UNIT ONE ON SITE IMPROVEMENT~ $369,921.50 $707,929.44 $338,007.94
CONTINGENCY AND INCIDENTALS
C. TOTAL OLIVE PARK" AREA (TRACT NO. 6117 IMPROVEMENTS
(Add Items A and B)
a. IMPROVEMENTS
b. CONTINGENCY
c.INCIDENTAlS
$417,420.25 $707,929.44 $290,509.19
$0.00
$0.00
d. TOTAL OLIVE PARK II (TRACT NO. 6117 UNIT ONE
IMPROVEMENT COST
$417,420.25 $707,929.44 $290,509.19
(C@[?)W
JLEASE COMPLETE THIS INFORMATION
I '~OROING REQUESTED BY
I ~ 1 for the benefit of the
CITY OF BAKERSFIELD
James W. Fnch~ Assessor-Recorder
Kern County onlciall1ecortS8
Reconled allhe "'!luel' of
Public
DOC#: 0204117643
TELfORDT
6121/2004
1 :59 PM
WHEN RECORDED MAIL TO:
CITY OF BAKERSFIELD
. CITY CLERK
1501 TRUXTUN AVENUE
BAKERSFIELD. CA 93301
11111111111
FeIS
Tax..
Otha...
PAID
Pages: 1
0.00
0.00
0.00
SO.OO
8tlIt Types: 1
11110
NOTICE OF COMPLETION
AND
ACCEPTANCE OF WORK
(Work Within Public Right-of-Way)
NOTICE IS GIVEN that work was comp-Ieted on that certain ¡:>rQject known as TRACT 6117 UNIT 1Ö
for the undersigned agency on MAY 4,2004, located NORTH OF REINA ROAD AND EAST OF OL
FARM ROAD. and that said project was accepted by this agency on MAY 7, 2004. The undersigned
agency owns the following Interest in said property described aoove: right-of-way and pUblic improvements
within the right-ot-way. .
The Contractor/Developer on said project was OLIVE PARK LAND COMPANY, and contract
. Jer is City of Bakersfield Contract No. 03-229. Please' refer to said contract number on all
oo.lImunications relatinQ.. to said contract. The address of the undersigned agency is City Hall. 1501
Truxtun Avenue, BakersTaeld, California 93301. . ,
I declare under penalty of perjury. under the laws of the State of California, that the contents herein
are true and correct to the best of my knowledge.
Executed on May 7,2004, at Bakersfield, California.
~~re-ROJAS
Public Works Director
By
¡UPDAT\Construdion\NOC\2004\TR 6117-1.doc
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WHEN RECORDED MAIL TO:
Olive Park Land Co.
P.O. BOx 20247
BakerSfield, CA 93390
- ---.-.. ... a HUll). f\,).)c:s:sur-l1eCOraer
Kern County Oftlclall1ecords
Recorded allhe requesl 01
Tlcor Title
PATTI
7/30/2004
8:01 AM
DOC#:
0204178960
Stat Types: 1
£/7/ &;õÎ)S
'11'111'11'1~1'1111'lllllllll
Fees
Taxes
Others
PAID
Pages: 1
7.00
0.00
0.00
57.00
NOTICE IS HEREBY GIVEN THAT:
1. Th. und."I,ned i, OWNER or ',.nt of tho OWNER of tho inl""t or """ '''''d bolow in tho pro..rty her.ln,ft" d""ib'd
2. Th. FULL NAME 01 tho OWNER i, ClliJL _~
3. Th. FULL ADDRESS of tho OWNER i, P . O. DO" 2 9 217 B~kcr;;:U al d, C1. 9 J:l9 9
NOTICE OF COMPLETION
4. The NATURE OF THE INTEREST or ESTATE of the undersigned is: In fee.
(If Othef 'hen fee. strIke "'n fee" and inleq. for exemple. "puro;hoser under COntfeca of purO;h...... or ..,........)
5, Th. FULL NAMES 'nd FULL ADDRESSES 0' ALL PERSONS. if 'ny, WHO HOLO SUCH INTEREST or ESTATE w'th tho
undersigned as JOINTTENANTS or âs TENANTS IN COMMON are;
NAMES ADDRESSES
'. 6. Th. .full n'm" 'nd full 'dd",.., of tho P"d.",,,o,, in int"'$I of tho und'''i,n'd if tho pro..rty w", transf'rred ,ubnqu.n¡
to the'commencement of the work of improvement herein referred to:
NAMES ADDRESSES
7. A wo,k ofim",mn¡.nt on the P,o..rty h".in,'", d.",ribed w"' CDMP LETE 0 Ma y 1, , Q Q 4
) Th. wr~;~~::;::,,~~~~co~~~,~~ de;;I~~~; fOllov;;~~~ i ~;~ ;~~LoO;: o~::~;~~:: ::; ; ; ~~~~ :: .
9. Th. NAME OF THE ORIGINAL CONTRACTOR, iI 'ny, for 'uch work of fmpro"""nt I' J,J., k""¡l ,;~. ' 0
. ,
10. Th""m 'dd,,,, of "id prop.rty i, NE corner ef Old Farm -R<>Üd and Raina agacl :.: :
11, Th, P'opertY on which "id work 01 imp,o"m.n, w"' compl"ed f, in tho City 01 !mke< 6 fl..l d
Cou n'Y 0' -Kern . St", 0 f C, fi f o'n i,. and f, d",";bed "' follOWS'
Tract 6117-1, Bakersfield, CA
Date:
JUly 27, 2004
Portion of SEe 12 T29sR26e
S;gn"u" of ow",,, /) (J, ~
or agent of ownet?::{.;'-;:C71')?, . " ¡:1<'3
Verification tor INDIVIDUAL Owner )
I, tho under,i,ned, decf". und" P'nalty 01 ",;u'Y und" Ih. f,,,, of tho St". of C'lilom;, Ih" I '01 the Owner of Ih. "o""id
Int"". 0' """ in the P'Op"ty d"cribed in tho 'bo" notice; th" I h,,, rcad "id noti", Iha¡ , know 'nd und'""nd Ih. COn"n"
thereof, and that the facts st3ted therein are true and correct.
Dace ana Place
(Signatuf. of own.r n.m.d in pereg'aph 21
V"llicatlon 10' NON·fNOiVIOUAL Owner, f, Ih. und'"ign.d, deei're und" pen''''1 01 per;u'y und" Ih. I,w, 01 Ih. 51'" 01
Californl' Iha¡ I am tho '¡;;Iò~ lfðlM~ . . of th",o,"" ,,, in ",..t 0' """ in Ihe P'o""y d.... iboc
"PR . ER. MANAGER. AGENT. ETC."
'e 'bo" nOlice; th" f h,,, 'cad Ih. "'d noti.., Ih" I know 'nd und""'nd Ihe ,on'er." 'h".of, 'nd Ihe¡ Ih. I,cts '''''d Ih.rein
"'0, and correct.
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James a. Batey, pres
NO. 147160-1
LIABILITY $1 . 000 . 00
FEES
0.00
cmCAGO TITLE INSURANCE COMPANY
a corporation, herein c{llled the Company,
GUARANTEES
THE CITY OF BAKERSFIELD
herein called the Assured, against actual loss not exceeding the liability amount stated above which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in
Schedule A or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company's liability hereunder shall be limited to the amount of actual loss sustained by the Assured
because of reliance upon the assurance herein set forth, but in no event shall the Company's liability exceed
the liability amount set forth above.
Dared: NOVEMBER 2. 2004
CHICAGO TITLE INSURANCE COMPANY
By ~ ~ ~ o-u..:r'\J....A
Autl@1zed SigT/QlUre á
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guaran_
tee. If you wish additional liability, or assurances other than as contained herein, please contact the Company
for further information as to the availability and cost. '
)
/
(C(Q)[j2))f
Reorder Form No. 2626 (Repriatcd 1(100)
~
CLTA Gwuantce Fac:c Page (Rev. 6-8-71)
Order No.
Guarantee
\ Liabili ty
; Fee
147160-1
$1,000.00
$0.00
SCHEDULE A
Mechanic's Lien Guarantee
1 . NAME OF ASSURED:
THE CITY OF BAKERSFIELD
2. DATE OF GUARANTEE: 11/2/04
, at 7:30 a.m.
The assurances refer~ed·to on the face page hereof are:
That, according to those public records which impart constructive notice
of matters relating to the title to the land described herein, there are
no,.
Claims of statutory liens for labor or materials (other than such claims
¡for which a release appears in said records), or
Notices of the pendency of action to foreclose such liens,
recorded subsequent to 07/30/0~ , which purports to affect said
said land, other than those shown below under Exceptions.
The land referred to.in this guarantee is described as follows:
All of Tract No. 6117, Phase 1, in the City of Bakersfield, County of
Kern, State of California, as per Map recorded August 5, 2003 in Book
50, Page 60 of Maps, in the Office of the County Recorder of said
County.
eXCEPTIONS:
NONE
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