ATTACHMENT 6
SUBDIVISION AGREEMENT
(CFD Condition)
(Bonds as Security)
THIS AGREEMENT, made and entered into ________ ,
2023, between the City of Merced, a California Charter Municipal Corporation, hereinafter called "City," and Stonefield Home, Inc., a California Corporation, hereinafter called "Subdivider," relates to the installation of improvements within the Renaissance 154, Phase 1 Subdivision, a subdivision of real property within the corporate limits of "City.
II
RECITALS
A. The Planning Commission of City, on April 5, 2023, adopted Resolution No. 4108 approving the tentative map of the above mentioned subdivision.
B. Subdivider has submitted for approval the final map of said subdivision in full compliance with State Law and City subdivision ordinances. Final Map Application Number 5407 was submitted by the subdivider on June 30, 2023. A complete Final Map Application (including all bonds and insurance) was filed with the City on _________ , 20 C. Section 18.24.100 of the Merced Municipal Code requires certain improvements within said subdivision.
D. Improvement plans for said subdivision have been approved by the City.
E. The "Subdivision Map Act" and Section 18.24.150 of the Merced Municipal Code require certain security to guarantee the installation of said improvements.
F. Inspection fees required in accordance with Section 18.24.110 of the Merced Municipal Code have been paid.
1 X:\Agreements\Planning\Subdivision\Subdivision CFO & Bonds as Security-Stonefield Home Renaissance 154, Ph l.doc November 20
October 30
23 CA
LIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 validit y of that document.
State of California
C
ounty of _____________________)
O
n _____________________, ________, before me, ___________________________________, (insert name and title of the officer)
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 authoriz ed 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 th e foregoing paragraph is true and correct.
WI
TNESS my hand and official seal.
S
ignature ________________________________ (Seal)
CA
LIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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 validit y of that document.
State of California
C
ounty of _____________________)
O
n _____________________, ________, before me, ___________________________________, (insert name and title of the officer)
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 authoriz ed 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 th e foregoing paragraph is true and correct.
WI
TNESS my hand and official seal.
S
ignature ________________________________ (Seal)
METHOD 2
Engineer's Estimate Performance Bond
Labor & Materials
Bond Cash/Credit Security
$503,434.91 $503,434.91 $251,717.46 $604,121.89
One-Year Warranty Bond* $75,515.24
*shall be provided prior to a Notice of Completion being filed
EXHIBIT A
Renaissance 154 Ph 1
METHOD 1
The securities for this subdivsiion shall be according, or equivalent to, either Method 1 or Method 2 below.