REQUISITION NO.

1
1.
The City of Indio (the "City") hereby requests Union Bank of California,
N.A., as fiscal agent (the "Fiscal Agent") pursuant to that certain Fiscal Agent Agreement, dated
asof September 1, 2005 (the "Fiscal ha
Agreement") between the City and the Fiscal Agent,
s issued its City of Indio .CFD No. 2004-3 Community
under the terms of which the City has
Facilities District Bonds, Series 2005, to pay from the moneys in the Construction Fund
established pursuant to the Fiscal Agent Agreement, the amounts'. shown on Schedule I attached
hereto to the parties indicated in Schedule I.
2.
The payees, the purposes for which the costs have been incurred, and the
amount of the disburSernents requested are itemized on Schedule I hereto.
3.
Each obligation mentioned in Schedule I hereto: has been properly incurred
and is a proper charge against the Construction Fund. None :of the items. for which payment is
requested has been reimbursed previously-.from the Construction Fund.
Dated: February 4, 2008

CITY OF INDIO

Susan Mahoney,- Management

Se e4S.Directer

45387131.1.

SCHEDULE 1. TO REQUISITION

Purpose: City of Indio Developer Fees

In the Amount of $1,097,426.71

Sun Cal Companies
74-130 Country club Drive, Suite 101
Palm Desert, CA 92260
Contact:
Shannon Ward
(760) 601-3405
Sward@suneal.com

Wire Transfer Instructions'

For: Indio Land Ventures, LLC.

2392 Morse Avenue
Irvine, CA 92614
Bank: California Bank & Trust
Irvine Branch
1900 Main Street
Irvine, CA 92614
ABA: 121002042
Acct : 3090137351

45387131.1

N0. 1

City of Indio
C.F.D. 2004-3
Reimbursement # 1
Attachment No. 1
Summary of Public Facilities and Discrete Components to be acquired as part of payment request No. 1

Facilities / Professional Services

Disbursement Requested

Actual Costs

Ref. No.
1

Sewer Tr 32341-1 CFD

154,240.00

136,656.00

Sewer Tr 32341-1 CO#1 Remove Stub

8,187.10

7,368.39

Sewer Main on Ave 44 CFD

526,840.28

449,859.20

Sewer Tr 32462-1 CFD

604,317.35

503,543.12

Totals

1,293,584.73

1,097,426.71

City of Indio CFD 2004-3

Improvement Area No. 2
Improvements Funded from Special Tax Bonds
PROGRESS BILLING #
Date: 10/04/07
Total
CFD Budget
A

Capital Costs Reimbursable to Developer

Site Preparation

Grading

$355,268.00
$68,576.00

Surface iMprovments

Landscaping

$591,956.00
$1,508,875.00

Previous
Current
Adjustments Adjustments.
(260,268.00)
.14,477.00

990,850.21
(790,879.00)

Storm Drainage

$133,800.00

726,389.00

Traffic Control

$610,411.00

(610,411.00)

Water

$1,186,300.00

64,490.00

Sewer

$814,222.00

Engineering

10

Soils Engineering

479,362.73

Previous
Billings

Current
Billing

Balance to
Complete

95,000.00

100%

95,000.00

95,000.00

0,00

0.00

83,053.00

100%

83,053.00

83,053.00

0.00

0.00

1,582,806.21

100%

1,582,806.21

1,582,806.21

0.00

0.00

278,154.25

100%

278,154.25

278,154.25

0.00

0.00

860,189.00

89%

764,810.20

764,8t@r28

0.00

95,378.80

0.00

0%

0.00

0.00

0.00

1,250,790.00

88%

1,100,466.00

0.00

150,324.00

1,293,584.73

85%

1,097,426.71
426,418.19
101,511.46

17100,456.06

1,097,426.71

196,158.02

426,418.19

0.00

1,185,257.18

(251,224.63)

1,611,675.37

26%

$150,000.00

6,944.50

156,944.50

65%

101,511.46

0.00

55,433.04

35,000.00

0%

0.00

0.00

35,000.00

72,833.54

0%

0.00

0.00

72,833.54

$35,000.00

Blueprints

12

Reparis for Inspection

$141,897.00

13

Dry Utilities

$263,471.00

(69,063.46)
----I
244,280.13

Cont lgency

$503,437.00

(65,584.75)

$8,226,113.00

0.00

Total Construction

Total
Earned

Complete

$1,862,900.00

11

14

(439,841.75)

Revised
Costs

507,751.13

100%

507,751.13

507,751.13

0.00

0.00

398,331.27

14%

57,628.00

57,628.00

0.00

340,703.27

0.00 8,226,113.00

74%

6,095,025.15

4-.40-77548144

1,097,426.71

27191-768.7-8.6_

$4,997,598.44

$1,097,426.71

$426,076.22

(39,520.98)

Shortfall - to be Reimbursed to SunCal from Phase 2 ($1,705,011,63)

Net Available for SunCal Reimbursement

LLC T

CITY OF INDI

INDIO LAND NT

P.E.
Jim L.
Public W. s Director

Bruce Elieft
Authorized Representative of Owner

Susan Mahone
Finance Direct

yv

$6,521,101.37
LA 0

Date

\i'Amir Modal- i
Principal Civilnginer
L
Public Wo s I spector

VALLEY SANITARY DISTRICT

,..
Rex Sharp
General Manager

Date