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HomeMy WebLinkAboutMINUTES - 05162006 - C.6 TO: BOARD OF SUPERVISORS Contra '- __: C FROM: MAURICE M. SHIU, PUBLIC WORKS DIRECTOR Costa DATE: May 16, 2006 County SUBJECT: Approving the Road Improvement Agreement for Windemere Regional Trail,RA 04-01178(cross- reference Subdivision 05-08957), San Ramon (Dougherty Valley) area. (District III) SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION(S): ADOPT Resolution No. 2006/ZAA for RA 04-01178 (cross-reference Subdivision 05-08957), approving the Road Improvement Agreement(Windemere Regional Trail)for project being developed by Windemere BLC Land Company, LLC, San Ramon(Dougherty Valley) area. (District III) FISCAL IMPACT: None BACKGROUND/REASON(S) FOR RECOMMENDATION(S): RA 04-01178 has been reviewed and processed by Public Works Staff and meets all applicable conditions of approval regarding road mprovements. CONSEQUENCES OF NEGATIVE ACTION: The Road Improvement Agreement will not be approved. Continued on Attachment:1,,-' SIGNATURE: �� ✓P ECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURES ' ACTION OF A ON Q APPROVED AS RECOMMENDED OTHER VOA OF SUPERVISORS I UNANIMOUS(ABSENT e P7 I hereby certify that this is a true and correct AYES: NOES: copy of an action taken and entered on the ABSENT: ABSTAIN: minutes of the Board of Supervisors on the date shown. Originator: Public Works(ES) Contact: Teri Rie(313-2363) Z:\GrpData\EngSvc\BO\2006\05-16\RA 04-01178 BO-15(DV).doc n w� TR:cmm ATTESTED: (P a cc: Public Works- A.Bell,Construction Current Planning,Community Development JOHN CULLEN,&rk of the Board of T—March 16,2008 Windemere BLC Land Company,LLC Supervisors and County Administrator 6121 Bollinger Canyon Rd.,Suite#500 San Ramon,CA 94583 Attention:Brian Olin Fidelity and Deposit Company of Maryland 801 N.Brand Blvd.,Penthouse Suite Glendale,CA 91203 By , Deputy Attention:Jeri Apodaca THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on May 16, 2006,by the following vote: AYES: Uilkema, Pieplio,DeSaulnier, Glover and Gioia NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. 2006/ SUBJECT: Approving the Road Improvement Agreement for Windemere Regional Trail,RA 04- 01178(cross-reference Subdivision 05-08957),San Ramon(Dougherty Valley)area. (District III) The following document was presented for Board approval for Windemere Regional Trail, road acceptance file RA 04-01178 (cross-reference Subdivision 05-08957)property located in the San Ramon(Dougherty Valley) area, Supervisorial District III. A Road Improvement Agreement with Windemere BLC Land Company, LLC, principal, whereby said principal agrees to complete all improvements, as required in said road improvement agreement, within one year(s) from the date of said agreement. Improvements generally consist of Road Improvements. Said document was accompanied by security to guarantee the completion of road improvements, as required by Title 9 of the County Ordinance Code, as follows: Originator: Public Works(ES) I hereby certify that this is a true and correct copy of an action Contact: Teri Ric(313-2363) G:\EngSvc\BO\2006\05.16\RA 04-01178 BO-15(DV).doc taken and entered on the minutes of the Board of Supervisors TR:cmm cc: Public Works- A.Bell,Construction on the date shown. Current Planning,Community Development T—March 16,2008 �� Windemere /�, BLC Land Company,LLC ATTESTED: �"7 6121 Bollinger Canyon Rd.,Suite#500 San Ramon,CA 94583 JOHN CULLEN, Cl • of the Board of Supervisors and Attention:Brian Olin Fidelity and Deposit Company of Maryland County Administrator 801 N.Brand Blvd.,Penthouse Suite Glendale,CA 91203 Attention:Jeri Apodaca By ,Deputy RESOLUTION NO.2006/ olid 7 RESOL UTION NO. 2006/o CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Contra Costa On July 12, 2005 before me, Karen L. Keenan,Notary Public, personally appeared Don Larson& Paul J. Menaker, personally known to me to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. KAREN L KEENAN _ Commission# 1378827 Notary Pub#C -Califomla _ S gnature of N ary Public Contro Costa County f1Ay Comm.Eg*w 00 7,2006 W. � PMER ERMIT' � ►U1TOR C©NR h E ` S Fi tOTH):,�TREA�SURER x # MARTINEZ;§CAUFRORNIA3 f / fi � „r� _ %s •y RECEI�fD�FROM� ��� F k f 4 dna "1 1 Nl Z;4TIONIfl i RBA,.,. . t (For.Cash CdlectiornProceduresisee County-!Administrator s Bulkti n T05.), DESCRIPTION FUND/tORGL TASK OPTION ACTIVITY AMOUNT Iry 67 '. f /rt� 107 75v Q D. _i . � : 06 V . F " k y r 9:'r r , ,dam/8.t1'-f "��i ': T 'n t,.+ '^'"t�� � f� L r r gal -� ✓ : fi'r : . .A: ��, ly:.i i'1 ��t..,t n..'. y; RI': � " .: •Yt�" f f � ���hjYj '4f(_ - 74// - ff '•«+�'. ^.1j}^ } .Y. �.:�� .+s �.R e i4.efi.? k f71 t F i/ f`7.� it- f :5 : •.£/ --.} !!�;_l XPL'ANATION :TOTAL $' ' p�I ri 7 f,,� " >�� �; t' f! 'f f� DEPOSIT A /9 i f Deposit consists of the.followirig items COIN and CURRENCY $ CHECKS,MO:ETC. $ / r BANK AUDITOR GONTROUER USE 'ONIY DEPPOO IT ra aqs ` F DP NUMBER DATE aASSiGNED , , he arnoiint of money described akivre is#or` Treasurer s neipt of.nbove amount is appri3v8d. Receipt of aboven� of is.hereby deposit into the Coun#y Tmlgsury acknow // s }} h t i a 1nf .,u'".:. � �1!' �r 4 �' 9,. Date f':7,�-/ ide' ( d f��- ,� 1•' ed EXT 7 > ` ' Si9ne SignT ;a { x deputy CoUrit"y Auditor Deputy County,Tregsurer 14REV.(7 93) r, 1✓' Y�f-Q t { r ' )��T DEPOSMVERMIT t r�i�; �FFICE,OF COUNTY%AUDITOR CONTROLLER' Ate f RIA TOTHE�TRE'SURER: ` ; � ti NMYARTlNEZ CALIFO N RECEIVED f fC(fff Oi2GANIZATION NUMBER f` t (For Cash Collection Procedures see County Administrator's Bulletin 105.) DESCRIPTION FUND/ORG. ACT TASK OPTION ACTIVITY AMOUNT tt •j` frl`,r $ __� `i:�/'• i... t` ( ly.( £ ' r t. I Cif�j:4�.`) ! F r> f �G.-' !�:.,A•ff-...? [...% ,�.. 41 1�t" It r1 ' �!t, .J-J ./ "L` C,. �• `,r, LA t f� J+t f t":`p i'JJ`` .i „p! 17 1 rJ 1f r'J•.a, 1 -'✓1 �P fi.' {. 1</.4/1 1✓ `--N"151:'7 Ill--J_ P Ali, 1`�),.. f J1 ^�"' Imo. '.l r,.. i )i X t.i �.✓tln/r.X ^ `l' f I t~� }, la, fI c_� d^ { 11 _ 1 r i. ) f r_ / 3 �t 4', }�cam` (�} t.: t C'J J �/ 7 (.•^, C t � ) l��`r " ' �,. .� _� 7 aF 1 t;a b f 'l � S- t r 11.i-:..��* f r-✓'..... 7 I / I. J • � I XPLANATION: i TOTAL' $ I DEPOSIT l Deposit consists of the following items COIN and CURRENCY $ CHECKS,MA,ETC. $ )� 4 BANK DEPOSITS _ $ FOR AUDITOR-CONTROLLER USE ONLY 1 DEPOSIT -> V,.). PERMIT DP �1 a1 Jo > NUMBER / —F _ �t DATE ASSIGNED 9 112 / The amount of-money described above is for Treasurer's receipt of above amount is approved. Receipt of above amount is hereby deposit into the County Treasury. acknowledged. f Signed• Date �r'/ ./t. a r ` Signed: Signed: Title' EXT v t '-1 Deputy County Auditor Deputy County Treasurer 34 REV.(7-93) ,•^r t. .., 819800-0800: G1189846, $1,500.00, DG 04-00049, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189848, $3,500.00, M 04-00049, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189850, $5,300.00, PA 05-0024, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189852, $53,200.00, RA 04-01171, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 (819800-0800. 61189853, $1,000.00, RA 04-01178, Cash Bond, Windemere LC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA4583 819800-0800: G1189855, $4,200.00, PA 05-00023, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189857, $23,000.00,RA04-01175, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189859, $3,300.00,DG04-00050, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189861, $43,300.00,PA03-00015, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0682-9752 / 139200: G1189425, $309,493.55, Sub 8331, COA'S 80, 86,87,88,105,106, 107, Danville Tassajara Ptrs, LLC, 6121 Bollinger Canyon Rd, Suite 500, San Ramon, CA 94583 0682-9752 / 139200: G1189426, $6,500.00, Sub 8331, COA #118A, Construction of bus stop shelter , Danville Tassajara Ptrs, LLC, 6121 Bollinger Canyon Rd, Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189817, $150,000.00, RA 04-01175, Road Acceptance Inspection, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189825, $100,000.00, Sub 05-08925, Subdivision Improvement Inspection Fee, , Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189831, $96,700.00, Sub 05-08924, Major Subdivision Improvement Inspection, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189836, $100,000.00, Sub 05-08926, , Major Subdivision Improvement Inspection, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189839, $13,600.00, Sub 08926, Landscape Improvement Inspection, , Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189841, $11,300.00, Sub 05-08925, Landscape Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189843, $11,700.00, Sub 05-8924, Landscape Improvement Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189845, $29,400.00, DG 04-00048, Drainage Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189847, $10,300.00, DG 04-00049, Drainage Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189849, $19,300.00, DG 04-00049, Landscape Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189851, $27,500.00, PA 05-0024, Landscape Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: 61189854, $5,900.00, RA 04-01178, Road Acceptance Inspection, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189856, $22,300.00, PA 05-00023, Landscape Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189858, $107,200.00, RA 04-01175, Landscape Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189860, $18,500.00, DG 04-00050, Drainage Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 0649-9665 / 112300: G1189862, $90,000.00, PA 03-00015, , Landscape Inspection .Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189815, $102,800.00, RA 04-01175, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189822, $30,500.00, Sub 05-08925, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189828, $20,700.00, Sub 05-08924, Cash Bond, Windemere BLC Land. Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189833, $27,900.00, Sub 05-08926, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189838, $2,300.00, Sub 05-08926, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: 61189840, $1,700.00, Sub 05-08925, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189842, $1,800.00, Sub 05-08924, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 819800-0800: G1189844, $5,800.00, I)G 04-00048, Cash Bond, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583 EXECUTED IN DUPLICATE Bond No.: 08821654 Development: _RA 04-01'178 (cross-ref SLTT3 8957) Premium:$627.00 IMPROVEMENT SECURITY BOND FOR ROAD IMPROVEMENT AGREEMENT (Performance, Guarantee,and Payment) (California Government Code §§ 66499 - 66499.10) 1. RECITAL OF ROAD IMPROVEMENT AGREEMENT; The Developer(Principal) has executed an agreement (Road Improvement Agreement) with. the County to install and pay for street, drainage and other improvements on, or along RA 04-01178 (cross-ref SUB,89S7) to complete said work within the time specified for completion in the Road.Improvement Agreement, all in accordance with State and local laws and rulings. 2. OBLIGATION: Windexnere 131:C band Company, LLC ,as Principal and Fidelity and Deposit Company of Maryland a corporation organized under the laws of the State of Maryland and authorized to transact surety business in California, as Surety, hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns to the County of Contra Costa, Califomia to pay as follows: A. Performance: Sixty Six Thousand and 00/100 Dollars($ 66,000.00 )for itself or any city assignee under the above County Road Improvement Agreement, plus B. Payment: Thirty Three Thousand Five ldundred and 00/100 Dollars($ 33,500:00 )w secure The claims to which reference is made in Title 15 §§ et seq. of the Civil Cods of the State of California. 3. CONDITION: A. The Condition of this obligation as to Section(2.A.)above is such that if the above bonded Principal, or principal's heirs, executors,administrators, successors or assigns,shall in all things stand to and abide by and well and truly keep and perfonn the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided on it or its part, to be kept and performed at the time and in the manner therein specified and in all respects according to their true intent and meaning and.shali indemnify and save harmless the County of Contra Costa or city assignee,its officers,agents and employees,as therein stipulated,then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. WINDEMERE BLC LAND COMPANY,LLC.,a California limited liability company By: LEN-OBS WINDEMERE,LLC.,a Delaware limited liability company,its Managing Member By: LENNAR HOMES OF CALIFORNIA,INC.,a California Corporation,its Managing Member B . Lawrence H.Thompson, ice President By: Dee Baker,Assistant Secretary CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT State of California County of Orange On July 14, 2005 before me, Dina Prints, Notary Public, personally appeared Lawrence H. Thompson and Dee Baker, personally known to me to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacity, and that by their signatures on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. Witness my hand and official seal. DINA PRINTY / Commission# 1453610 Notary y P ublic-California ' Orange County — My Comm.Expires Nov 28,2007 OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER SIGNER IS REPRESENTING: Lawrence H. Thompson —Vice President Lennar Homes of California, Inc. Dee Baker- Assistant. Secretary Lennar Homes of California, Inc. DESCRIPTON OF ATTACHED DOCUMENT Type of Document: Surety Bond No. 08821654 Number of Pages: Three (3) Date of Document: July 13, 2005 Signers (other than those named above):Jeri Apodaca CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of California County of Orange On July 13 2005 before me, Rosa Estela Rivas,Notary Public DATE NAME,TITLE OF OFFICER-E.G.,"JANE DOE,NOTARY PUBLIC" personally appeared Jeri Apodaca NAME(S)OF SIGNER(S) ' ® personally known to me-OR- ❑ 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 ®� ROSA ESTELARIVAS"-°-�-�- behalf of which the person(s) acted, executed the instrument.�— r r c., COMM.IT 1441 bu I NOTARY PUBLIC CALIFORNIA p ORIANGE COUNTY N WITNESS my hand and official seal. 9� My comm.expires Oct.28,2007 t SIGNATURE OF NOTARY OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. - CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) LIMITED GENERAL ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR NUMBER OF PAGES ❑ OTHER: SIGNER IS REPRESENTING: DATE OF DOCUMENT NAME OF PERSON(S)OR ENTITY(IES) SIGNER(S)OTHER THAN NAMED ABOVE S-4067/GEEF 2/98 0 1993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Power of Attorney FIDELITY AND DEPOSIT COMPANY OF MARYLAND KNOW ALL MEN BY THESE PRESENTS:That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,a corporation of the State of Maryland,by PAUL C.ROGERS,Vice President,and T.E.SMITH,Assistant Secretary,in pursuance of authority granted by Article Vl,Section 2,of the By-Laws of said Company,w set forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof d s nate,constitute and appoint Jeri APODACA,of Irvine,California, its true and lawful age ac ke,execute,seal and deliver,for,and on its behalf as surety,and as its act and deed- s ,and the execution of such bonds or undertakings in pursuance of these Dr o in any,as fully and amply,to all intents and purposes,as if they had beenc ac wd gularly elected officers of the Company at its office in Baltimore,Md.,inAwpers n� e�Jattomey revokes that issued on behalf of Jeri APODACA,dated 7 nv( The said Assistantc o t the extract set forth on the reverse side hereof is a true copy of Article VI, Section 2,of the By- o any,and is now in force. IN WITNESS W OF, the said Vice-President and Assistant Secretary have hereunto subscribed their names and affixed the Corporate Seal of the.said FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this 14th day of April, A.D.2003. ATTEST: FIDELITY AND DEPOSIT COMPANY OF MARYLAND 'gyp OfPOs�� fa o G 1� �i itiwr•AJ"7�./ W Y T.E. Smith Assistant Secretary Paul C Rogers Vice President State of Maryland l ss: City of Baltimore f On this 14th day of April, A.D. 2003, before the subscriber, a Notary Public of the State of Maryland, duly commissioned and qualified, came PAUL C. ROGERS, Vice President,.and T. E., SMITH, Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers described in and who executed the preceding instrument, and they each acknowledged the execution of the same, and being by me duly sworn,severally and each for himself deposeth and saith,that they are the said officers of the Company aforesaid, and that the seal affixed to the preceding instrument is the Corporate Seal of said Company, and that the said Corporate Seal and their signatures as such officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal the day and year first above written. 8000W' � 9 V Sandra Lynn Mooney Notary Public My Commission Expires: January 1,2004 POA-F 012-5025J ZURICH THIS IMPORTANT DISCLOSURE NOTICE IS PART OF YOUR BOND Fidelity and Deposit Company of Maryland, Colonial American Casualty and Surety Company, Zurich American Insurance Company, and American Guarantee and Liability Insurance Company are malting the following informational disclosures in compliance with The Terrorism Risk Insurance Act of 2002. No action is required on your part. Disclosure of Terrorism Premium The premium charge for risk of loss resulting from acts of terrorism(as defined in the Act)under this bond is $_waived_. This amount is reflected in the total premium for this bond. Disclosure of Availability of Coverage for Terrorism Losses As required by the Terrorism Risk Insurance Act of 2002,we have made available to you coverage for losses resulting_ from acts of terrorism(as defined in the Act)with terms, amounts, and lirnitations that do not differ materially as those for losses arising from events other than acts of terrorism. Disclosure of Federal Share of Insurance Comnanv's Terrorism Losses The Terrorism Risk Insurance Act of 2002 establishes a mechanism by which the United States government will share in insurance company losses resulting from acts of terrorism(as defined in the Act)after a insurance company has paid losses in excess of an annual aggregate deductible. For 2002, the insurance company deductible is I%of direct earned ;i premium in the prior year; for 2003, 7% of direct earned premium in the prior year; for 2004, 10%of direct earned premium in the prior year; and for 2005, 15%of direct earned premium in the prior year. The federal share of an insurance company's losses above its deductible is 90%. In the event the United States government participates in losses,the United States government may direct insurance companies to collect a terrorism surcharge from policyholders. The Act does not currently provide for insurance industry or United States government participation in terrorism losses that exceed$100 billion in any one calendar year. Definition of Act of Terrorism The Terrorism Risk Insurance Act defines "act of terrorism"as any act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States-. 1. to be an act of terrorism; 2. to be a violent act or an act that is dangerous to human life,property or infrastructure; 3. to have resulted in damage within the United States, or outside of the United States in the case of an air carrier (as defined in section 40102 of title 49,United 17 States Code)or a United States flag vessel (or a vessel based principally in the United States, on which United States income tax is paid and whose insurance coverage is subject to regulation in the United States),or the premises of a United States mission; and 4. to have been committed by an individual or individuals acting on behalf of any foreign person or foreign interest as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. But,no act shall be certified by the Secretary as an act of terrorism if the act is conunitted as part of the course of a war declared by Congress (except for workers' compensation)or property and casualty insurance losses resulting from the act, in the aggregate, do not exceed$5,000,000. These disclosures are informational only and do not modify your bond or affect your rights under the bond. Copyright Zurich American Insurance Company 2003