RECORDING REQUESTED BY:
City of Merced, A California
charter municipal corporation
WHEN RECORDED MAIL TO:
City of Merced
City Clerk
678 West 18
th Street
Merced, California 95340
Exempt Recording Per Gov’t
Code Section 6103
(Above for Recorder’s Use Only)
DOCUMENT TITLE
SUBDIVISION AGREEMENT WITH CONTINUING COVENANTS
(CFD CONDITION)
A SUBDIVISION AGREEMENT BETWEEN THE CITY OF MERCED
AND REDONDO AND CARDELLA LLC, A CALIFORNIA LIMITED
LIABILTY COMPANY, FOR ROYAL WOOD ESTATES,
PHASE 1 SUBDIVISION
TO BE RECORDED CONCURRENTLY WITH THE FINAL MAP
FILED THIS ____ DAY OF ___________ 2025, AT _________ _.M.
IN BOOK _________ OF OFFICIAL PLATS, AT PAGES ________,
MERCED COUNTY RECORDS
Attachment 7
METHOD 2
Engineer's Estimate Performance Bond
Labor & Materials
Bond Cash/Credit Security
$1,200,347.00 $1,200,347.00 $600,173.50 $1,440,416.40
One-Year Warranty Bond* $180,052.05
*shall be provided prior to a Notice of Completion being filed
EXHIBIT A
The Royal Woods Estates Phase 1
METHOD 1
The securities for this subdivsiion shall be according, or equivalent to, either Method 1 or Method 2 below.