KB Home Coastal, Inc. Material and Labor Bond TP29835-3 024247074FOR: Streets
Drainage
Water System
Rec. Water
Total $ 938,500.00
Surety _ Liberty Mutual lnsurance Company_
Address 175 Berkeley Street
MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CAL]FORNIA
(Government Code Section 66499.1)
$938..00 Project Unde Tract No.
Other Proj. Ref tP19-003
Bond No. 024247074
0.00 Pfemium $ lncluded ln Performance Bond
Sewer System $ 0.00
-3
Principal
Address PO Box 1 958
KB Home Coastal lnc.,
City/State Boston.MA City/State Wildomar, CA
02116 Zip 92595
Phone 213-346-5351 Phone (951) 691-5300
WHEREAS, the City of Menifee, State of California, and KB Home Goastal Inc.. (hereinafter
designated as "principal") have entered into, or are about to enter into, the attached agreement(s)
whereby principal agrees to install and complete the above designated public improvements relatingto lP19-003 , which agreement(s) is/are hereby referred to and made a part hereof; and,
WHEREAS, under the terms of said agreement, principal is required, before entering upon the
performance of the work, to file a good and sufficient payment bond with the City of Menifee to securethe claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of
Division 3 of the Civil Code of the State of California;
NOW THEREFORE, said principal and the undersigned, as corporate surety, are held firmly unto the
City of Menifee and all contractors, subcontractors, laborers, material persons and other persons
employed in the performance of said Civil Code in the sum of Nine Hund Thirtv Eioht
Thousand Five Hundred and no/100 , Dollars, $ 938.500.00 for materials furnished or labor thereon
of any kind, or for amounts due under the Unemployment lnsurance Act with respect to such work or
labor, that said surety will pay the same in an amount not exceeding the amount hereinabove set
forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof,
costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City 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 judgment therein rendered.
It is hereby expressly stipulated and agreed upon that this bond shall inure to the benefit of any andall persons, companies and corporations entitles to full claims under Title 15 (commencing with
Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their
assigns in any suit brought upon this bond.
Should the condition of this bond be fully performed, then this obligation shall become null and void;
otherwise, it shall be and remain in fullforce and effect.
s 000
$
MATERIAL AND LABOR BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to
the terms of this agreement or to the specifications accompanying the same shall in anywise affect itsobligation on this bond, and it does hereby waive notice of any such change, extension of time,alteration or addition. Surety further stipulates and agrees that the provisions of Section 2845 of the
Civil Code are not a condition precedent to surety's obligations hereunder and are hereby waived by
surety.
IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above
named, on st 24th 2020
NAME OF PRINCIpAL: KB Home Coastat tnc.
AUTHORIZED StcNATU RE(S)
Na e:
Title:
(tF coRPoRATtON, AFFTX SEAL)
NAME OF SURETY: Liberty Mutual lnsurance Company
AUTHORIZED SIGNATURE
Its n-Fact,Title
(lF coRPoRATlON, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY.
IN.FACT.
By
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189
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 validity of that document.
State of California
County of Los Angeles
on AUG 2 4?020 before me,B. Won Notarv Public,persona lly
appeared Resina Ran gel who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s) is/ar+subscribed to the within
instrument and acknowledged to me that he/she/t@ executed the same in
his/her/thei+ authorized capacity{+es}, and that by his/her/thei+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
the foregoing paragraph is true and correct.
WITNESS my hand and official seal
(seal)Signatu
B ong, Notary Public
B. WONG
Notary Public . California
Los Angeles County
Commission # 2260798
My Comm. Expires Oct ?4,7022
z
CALIFORNIA ALL.PURPOSE ACKNOWLEDGM ENT
A notary public or other officer comp eting this certificate verifies on Iy the identity of the indivirdual
who srgned th e docume nt,to wh ich this certificate is attached and not the truth fulNESS accuracy
or of that document.
State of California
County of Riverside
On September 1, 2020 before me, Shannon Luebs, Notary Public,
personally appeared Scott Hansen, who proved to me on the basis of
satisfactory evidence to be the person(s) whose name(s) is/are subscribedto the within instrument and acknowledged to me that he/shelthey
executed the same in his/he#their authorized capacity(i€s), and that by
his/he#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 the foregoing paragraph is true and correct.
SHANNON LUEBS
Notary Public - California
Rive,side County
Commission # 2209341
My Comm. Expires Aug 10, 202'1
Shannon Luebs (SEAL)
z2
WITNESS my hand and official seal.
This Power of Attorney limits the acts of those named herein, and they have no authority to
bind the Company except in the manner and to the extent herein stated.
Liberty Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West American lnsurance Company
POWER OF ATTORNEY
KNOWN ALL PERSONS BY THESE pRESENTS: Thar The Ohio Casualty lnsurance company is a corporation duly organized under the laws of the State of New Hampshire, thatLibertyMutual lnsurance Company is a corporation duly under the laws of the State of Massachusetts, and West American lnsurance is a corporation duly organizedunderthe laws of the State of lndiana (herein
organized
called the
Company
collectively "Companies"),pursuant lo and by authority herein set forth, does hereby name,constitute and appoint, Tenzer V.Cunningham, Martha Gonzales, My Hu4 Mechelle Larkin, Kathy R Mair., Joaquin Perez, Regina Rangcl, Brenda
Libertv
MutudI"Certif icate No: 820 2349 -0240 17
SURETY
Wong
all of the
execute,
of these
pers0ns.
thereto this l4th day of October 2}lg
Liberty Mutual lnsurance Company
The 0hio Casualty lnsurance Company
West American lnsurance Company
By:
David M, Carey, Assistant Secretary
State of PENNSYLVANIA
CountyofMONTGOMERY ss
On this l4rh day of Ocrober 2019 before me
Compan[The Onio CasuattyTornpanl,, ard- West American
personally appeared David M. CarE, who acknowledged himself to be the Assistant Secretary of Liberty Mutual lnsurance
lnsurance Company and that he, as such, being authorized so to do, execute the foregoing instrument for the purposescontained by signing on behalf of the corporations by himself as a duly authorized ofiicer
l1'l WTNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seal at King of Prussia, Pennsylvania, on the day and year first above written.
OF
/*fr1/,
This Power of Attomey is made and executed puBuant to and by authority of the following ByJaws and Authorizations of The Ohio Casualty lnsurance Company, Libefi Mutuallnsurance Company' and West Amencan lnsurance Company which resolutions are now in fulllorce and effect reading as follows:
ARTICLE lV-OFFICERS: Section 12. powerof Attorney.
may prescribe, shall appoint such attomeys-in-facl, as may be necessar to act in behalf of the Corporation to make, executl, seal, acknowledge and deliver as surety any and all
be as binding as if signed by the President and attested to by the Secretary. Any power or authority granted to any representative or attomey-in1acl under the provisions of thisarticle may be revoked at any time by the Board, the Chairman, the President or by the officer or officeri granting suih power or authority.
ARTICLE xlll - Execution of contracts: section 5. surety Bonds and Undertakings.
shall appoint such attomeys-in-fact, as may be necessary to act in behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings,
Company by lheir signature and execution of any such instruments and to attach thereto the seal of the Company. When so executed such instruments shall be as binding as ilsigned by the president and attested by the secretary,
fact as may be necessary to act on behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other suretyobligalions.
company, wherever appearing upon a certified copy of any power of aftomey issued by th! company in connection with surety bonds, shall be valid and binding upon the company withthe same force and effect as though manually affixed.
l, Renee C. Llewellyn, the undersigned, Assistant Secretar, The ohio Casualty lnsurance Company, Liberty Mutual lnsurance Company, and West American lnsurance company do
has not been revoked.
By
Pennsylv6nia A$ociation oI Notaries
Pastella, Notary
lN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seals of said Companies this day of
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Notarial Seal
Teresa Paslella, Nolary Public
Upper M€rion Twp., Montgomery County
My Commission Expires March 28,202.1
1912 1919 1991
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By:
AUG 2 42020
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by the president and attested by the secretary of the Companies in their own proper