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2010-06 �- RESOLUTION NO. 2010-06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, APPROVING THE OFFER OF DEDICATION FOR 22195 McCLARREN STREET, GRAND TERRACE, CA. OWNER APPLICANT WHEREAS, the applicant, US Bank National Association, As Trustee for the holder of Bear Stearns Asset Backed Securities I Trust 2006-IM1, has provided an Irrevocable Offer and Dedication of right-of-way at 22195 McClarren Street in the City of Grand Terrace, CA for construction of curb, gutter, sidewalk and road improvements. WHEREAS, the submitted street dedication documents have been approved by the City Engineer. WHEREAS, a faithful Performance Bond has been submitted along with a Labor and Materials Bond as listed below: _ Performance Bond No. 781761 S Labor and Materials Bond No. 781861 S NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Grand Terrace that the City Council approved and accepted the faithful performance Bond and the Materials and Labor Bond for the street improvements. BE IT FURHTER RESOLVED that the Mayor be authorized to execute the approval for documents to be presented to the San Bernardino County Recorder's Office for recordation. APPROVED AND ADOPTED this 23rdday of March, 2010. e Maryetta frre' Mayor ATTEST: Brenda Mesa, City Clerk I,BRENDA MESA, CITY CLERK of the City of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 23`d day of March, 2010 by the following vote: AYES: Councilmembers Cortes and Stanckiewitz; Mayor Pro Tem Garcia and Mayor Ferre NOES: None ABSENT: None ABSTAIN: None City Clerk Approved as to form: --bA 44D j City Atto ey "CORRECTED ORIGINAL" 4W9 INSCO INSURANCE SERVICES, INC. IrL�CC�1C0 UnderwritingMenagerttir 3 Developers Surety and Indemnity Company Indemnity Company of California 17780 Fitch,Suite 200•Irvine,Caittomia M14•(949)263-3300 SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND BOND N0. 781761S PREMIUM INCLUDED IN PERFORMANCE BOND KNOW ALL.MEN BY THESE PRiESENTS: That we PMC Construction as Principal, and Indemnity Company of Califomia ,a corporation organized acid doing business under and by virtue of the laws of the State of C8111bMi4l and-duly licensed to conduct a general surety business in the State of Califbrnia as Surety,are held and firmly bound unto the City of Grand Terrace as Obligee,in the penal sum of "Twenty Thousand Three Hundred and 001100'' . ($20,3W.00-- DOLLARS.' for which payment;well and truly to be made,we bind ourselves,our heirs,executors and successors,jointly and severally,firmly by these presents. THE CONDITION OF THE OBLIGATION 1S SUCH THAT: Whereas,the above-named Principal,has entered into an agreement which is made a part of this bond,with the City of Grand Terrace ,State of California,as Obligee,for the designated public improvements in the subdivision Identified as Construct standard curb,gutter,concrete driveway approach and sidewalk per approved plans at 22195 McClarren ,as required by the Government Code of California. Whereas,under the terms of said agreement,principal is requited before entering upon the performance of the work,to file a good and .sufficient payment bond with the City of Grand Terrace to secure the claims to which reference is made in Title 15(commencing.with Section 3092)of Part 4 of-Division 3 of the Civil Code of the State of California. Now,therefore,-said principal and the undersigned,as surety,are held firmly bound unto the City of Grand Terrace and all contractors,subcontractors,laborers,materialmen and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Code of Civil Procedure for material furnished 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 penal sum hercinabove set forth,and also in case suit is brought upon this bond,will pay.in addition to the penal sum thereof,costs and reasonable expenses and fees,including reasonable attorney's fees,incurred by City of Grand Terrace in successfully enforcing such obligation,to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgement 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)of Part 4 of Division 3 of the Civil Code,so m to give right of action to them or their assigns in any suit brought upon this band. Should the condition of this bond be fully performed,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 time,alteration or addition to the terms of said agreement 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,alteration or addition. In witness whereof,this instrument has been duly executed by the principal and surety above named,on Marc1115,2010 PRINCIWn- on Spey Indemnity Company of California Pat car ��`c William Rapp { Attomey-in Fact 10-1099(GA)Subftslon tabor and Material 8ond1EV.1101) INSCO INSURANCE SERVICES, INC. Developers rroand indemnity Company o � o Indemnity Company of Californla 177M Fitch,Suite 200•Irvine,California 9=4•(949)2e3 DO PERFORMANCE BOND—PUBLIC WORK Bond No.781761S $W9.00 premium is for contract term and is subject to adjustment based on final Contract Price. KNOW ALL MEN BY THESE PRESENTS.That we, PMC CONSTRUCTION As Principal.and INDEMNITY COMPANY OF CALIFORNIA a corporation duly authorized under the laws of the State of- CALIFORNIA. to become surety on bonds and.undertakings,as Surety;are held and firmly bound unto CITY OF GRAND TERRACE As Obligee in the full and Just sum of TWENTY THOUSAND-THREE HUNDRED AND NO1100 Dollars,($20,300.00 j,lawful money of the United States of America,to be paid to the said Obligee,successors or assigns;for which payment,well and truly to be made,we bind ourselves,our heirs, executors, successors,administrators and assigns,jointly and severally,firmly by these presents. The Condition of the foregoing obligation Is such that:whereas the above bounden Principal has entered into a contract, dated MARCH 15TH,2010 2010 ,with the Obligee to do and perform the following work,to-wit: MR Construct standard curb,gutter,concrete driveway approach and sidewalk per approved plans 22195 McClarren as Is more specifically set forth in said contract,to which contract reference Is hereby made; Now therefore,if the said Principal shalt well and truly perform the work contracted to be performed under said contract in accordance with the plans and specifications,-then the above obligation to be void,otherwise to remain In full force and virtue. No right of action shall accrue under this bond to or for the use of any person other than the Obligee named herein. Sealed with our seals and dated this 15TH day of MARCH 2010 YEAR PMC CONSTRUCTION INDEMNITY COMPANY OF CALIFORNIA Principal 0A'MKkL6X r WILUUAM RAPP Attome&-Fact ID-12t9(CAS IREV.27Qt) WHEN RECORDED MAIL TO: City Clerk City of Grand Terrace 22795 Barton Road Grand Terrace, CA 92313 CP.Ok F ARfI\(F THM I TT`IF FOP Prrr)i?lFP'C TISF 2 .2 Z GRANT DEED m LZ APN 0275-242-17 '° B _ FOR A VALUABLE CONSIDERATION,receipt of which is hereby acknowledged, City of Grand 6 N Terrace, a Municipal Corporation. US Bank National Association, as Trustee for the holder of Bear Stearns Asset Backed A 0 � Securities I Trust 2006-IM1; GRANTS to the City of Grand Terrace, a Municipal c m Corporation for Public Streets and Public Utili Purposes: the real property in the City of N ' Grand Terrace, County of San Bernardi 'fornia as described per attached m Exhibit"A" A .•.•»•..FH,9� o�p?Aqy� 2G� $ Signature(s) of Grantor(s) �I�AY C, Sr>.`T/�, V)0 o L G p(j81.�G o�u�l C. . / 9/i Print Name and Title K Cpv Signature and Date DATED: 3 3 CITY OF GRAND TERRACE *ATTEST _,..e f Brenda Mesa, City Clerk Mayor, ity of Grand Terrace City of Grand Terrace } STATE OF CALIFORNIA ) SS. COUNTY OF SAN BERNARDINO } On before me. 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 and acknowledged to me that he/she/they executed the same in his/her/their 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 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 (This area for official notarial seal) MAIL TAX STATEMENT AS DIRECTED ABOVE ='EP, 13. 2009 1 ; 20JPM PREMIERE ASSET SERVS P10. 246 P. 2 MARYLAND FREDERICK COUNTY 1, Wit<<&,.,-(- a Notary Public for said County and State, do hereby certit, that Tammy Stine personally came before me this day and acknowledged that she is Assistant Secretaly of WELLS FARGO BAND,N.A, and acknowledged, on behalf of WELLS FARGO BANK,N. A.,the due execution of the foregoing instrument. Witness my hand and official seal,this 1 S`' day of Seat.2009 Notary Public My commission expires: WILLIAM F.HORMES III NOTARY PUBLIC FREDERICK COUNTY MARYLAND MY COMMISSION EXPIRES MARCH 25,2012 EXHIBIT"A" LEGAL DESCRIPTION REAL PROPERTY IN THE CITY OF GRAND TERRACE, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA,DESCRIBED AS FOLLOWS: THE NORTH 10.00 FEET OF LOT 4 OF G.M. CURTIS,TRACT 2966, IN THE CITY OF GRAND TERRACE, COUNTY OF SAN BERNARDINO, CALIFORNIA AS PER MAP RECORDED IN BOOK 40,PAGE(S)46, OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN: 0275-242-17 SEP. 12. 2009 1 ,23PM PREMIERE ASSET SERU NO. 246 F. i WELLS FARGO BANK,NATIONAL ASSOCIATION MORTGAGE BANKING COMMITTEE I OF THE BOARD OF DIRECTORS ACTION BY WRITTEN CONSENT September 1,2009 The sole member of Mortgage Banking Committee I of the Board of Directors of Wells Fargo Bank,National Association (the'Bank'),a national banking association,hereby consents to the adoption of the following resolutions: WHEREAS,in the normal course of business,employees of the Bank need to execute various documents in connection with closings for the sale of real property, contracts and addenda; and are required to present certification of their authorization authority; WHEREAS,these actions will be best and most efficiently accomplished by a confirmation of existing corporate officer authority to execute individual documents on behalf of the Bank, and the appointment of Designated Signers with authority to execute individual documents on behalf of the Bank. RESOLVED, SOceD a General f the officers. instruments as authorized under thofrGtepursant to the Sgnatuo Resolution f the Mortgage BankingCommitteeI onbeha of he Bank: Burkett,Melanie Vice President Brownley,Nancy Assistant Vice President Cline-Smythe,Desmond Vice President Loan Documentation Curtis,Ami Vice President Loan Documentation Greenup,Brent Vice President Loan Documentation Presley,Jennifer Vice President Loan Documentation Sharp,Jennifer Vice President Loan Documentation Smith,Mary C., Vice President Loan DOcumentaft! Wenk,Erick Vice President Loan Documentation Bruchey,Leah Assistant Secretary Moldovan,Cindy Assistant Secretary Shugarts,Bonita Assistant Secretary Stine,Tammy . Assistant Secretary Welter-Smith,Julie Assistant Secretary RESOLVED,that the following employees of the Bank are elected as Designated Signers for the Bank and authorized to execute any instrument relating to the origination, closing and servicing of Conventional, FHA-insured, or VA- guaranteed mortgages,including deeds and conveyances of real property acquired through foreclosure on behalf of the Bank: Beardsley,Charles Ryan Gaylor,Eileen Murphy,Daphne Compton,Lisa Gill,Janet Myers,Brenda Cosley,Regina Gilman,Gretchen Pelletier,Aysem Cover,Kim Govoni,Hollie Podleiszek,Chris Curley,Laura Hahn,Jennifer Schafer,Michelle Day,Brigitte Hiatt,Michael Schissler,Bev Delauter,Brenda Hormes,Bill Schriver,Kevin Dennis,Stacy Kendall,Donna Schultz,Michelle Denny,Nicole Keyser,Krisd Sherrill,Sheila Devlin,Shelley Kober,Marija Smith,Joe Dodson,Melinda Launder,Maria Stottlemyer,Shanon Dumbroski,Dawn Luaces,Gayle Sweeney,Jessica Edens,Stacy Masser,Pamela Taber,Amber Edleblute,Lindsey Mautz,Susan Toms,Jean Ferree,Lora McGargle,Kim Washburn,Jennifer Fitzgerald,Edith Mitts,Angie West,Donna Franklin,Diane Moore,Rob Wolfe,Theresa Frevert,Michael Moss,Mike RESOLVED,that each individual's authority as an Officer or Designated Signer of the Bank as aforesaid shall terminate automatically upon the termination of such individual from employment with the Bank. The above resolutions were adopted by the sole member of Mortgage Banking Committee I of the Board of Directors of Wells Fargo Bank,National Association and are effective as of the 18`day of September,2009. SECRETARY'S CERTIFICATION Assistant Secretary of Wells Fargo Bank, N.A., a national banking association,do hereby certify that the foregoing is a full,true and correct copy of the resolutions adopted by Mortgage Banking Committee I of the Board of Directors of Wells Fargo Bank, N.A., as of September 1, 2009; that said resolutions have not been amended or revoked and that the same are,on the date of this certification,in full force and effect. day of WITNESa>�r1 S �ND THE SEAL OF THE BANK,this (S } '.k _•!fir` '�.� �o •,�` �,Sj G.. .