KB Home Coastal, Inc. Faithful Performance Bond TP29835-3 024247074FOR: Streets
Drainage
Water System
Rec. Water
Sewer System
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
$1.,000.00 Project Und
0.00 Other Proj Ref. lP19-003
0.00 Bond No 024247074$ 0.00 Premium $11,262.00
$0.00
Tract No.2 -3
KBH ome Coastal lnc..
36310 lnland Drive
Wi ar. CA
92595
(95 1) 691-5300
WHEREAS, the City of Menifee, State of California, and KB Home Coastat lnc.. (hereinafterdesignatedas..principal',)haveenteredinto,orareaboutgreement(s)
whereby principal agrees to install and complete the above designated public improvemJnts relatingto lP19-003 , which agreement(s) is/are hereby referred to and made a part hereof; and,
I/VHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for thefaithful performance of said agreement(s);
NOW, THEREFORE, we the principal and Liberty Mutual lnsurance Company ,as surety,are held and firmly bound unto the City of Menifee in the penal sum of One Million Eiqht HundredSeventvn Thousand and no/100.Dollars, $1.877.000.00 lavuful money of the United States, forthe payment of which sum will and truly be made, we bind ourselves, our heirs, successo IS,executors and administrators, joinfly and severally, firmly by these presents
The condition of this obligation is such that if the above bonded principal, his or its heirs, executors,administrators, successors or assigns, shall in all things stand to and abide by, and well and trulykeep and perform the covenants, conditions and provisions in the said agreement and any alterationthereof made as therein provided, on his or their part, to be kept and performed at the time and in themanner therein specified, and in all respects according to their true intent and meaning, and shallindemnify and save harmless the City of Menifee, its officers, agents and employee.] 6 thereinstipulated, then this obligation shall become null and void; otherwiJe, it shall remain in full force andeffect.
As a part of the obligation secured hereby and in addition to the face amount specified therefore,there shall be included costs and reasonable expenses and fees, including reasonable attorney,sfees, incurred by the City in successfully enforcing such obligation, all to -be taxed as costs andincluded in any judgment rendered.
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City/State Boston. MA City/State
Zip code 02116 zip
Phone 213-346-5351 Phone
FA!THFUL PERFORMANCE BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition tothe terms of this agreement or to the work to be performed there under or the specificationsaccompanying the same shall in anpruise affect its obligation on this bond, and it does hereby waivenotice of any such change, extenslon of time, alteration or addition. Suiety further-stipulates andagrees that the provisions of Section 2845 of the Civil Code and commencement of construction arenot conditions precedent to surety's obligations hereunder and are hereby waived by surety.
When the work covered by the agreemenl is complete, the City of Menifee will accept the work andthereupon, the amount of the obligation of this bond is reduced-by g0% with the 1."riinlnt 10% heldas security for the one-year maintenance period provided for in the agreements(s). !
lN WITNESS WHEREOF, this instrument has been dnamed,On Auqust 24th
luly executed by the principat and surety above
2020
NAME OF PRINCIPAL: KB Home Coastal tnc
AUTHORTZED SIcNATU RE(S):
By:
Title
(tF coRPoRATlON, AFFTX SEAL)
NAME OF SURETY:Liberty Mutual rance Company
AUTHORIZED SIGNATURE
Its Attorney-i -F , Regina Rang
(tF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY.
IN.FACT.
e:
frr
I
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVTL CODE s118e
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, accura cy, or validity of that document
State of California
County of Los Ane les
on AUG 2 4?AZA before me,B .Wo , Notarv Public.personally
appe ared Regina Rangel who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s) is/a+-esubscribed to the within
instrument and acknowledged to me that he/she/ther,r executed the same in
his/her/the+r authorized capacity{i€s}, 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. WONG
Notary Public - Callfornla
Los Angeles County
Commission fl ?"260798
My Comm. Expires Oct ?.4,202?
B ong,Notary Public
Z2
7
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies on ly the identity of the individu awhosignedthedocument,to which th certificate is attached and not the truthful NESS accuracyoforthatdocument.
State of California
County of Riverside
annon Luebs
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/her/their authorized capacity(+es), and that byhis/he#their signature(s) on the instrument the person(s), or the entiti
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.
ffi SHANNON LUEBS
Notary Public - Catifomia
RiveciCe County
Commission , 209341
My Comm. Exprres Aug 10. 2021
(SEAL)
This Porrver 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: That The Ohio Casualty lnsurance Company is a corporation duly organized under the laws of the
State of Massachusetts, and West American lnsurance Company
State of New Hampshire, that
a corporation duly organized under the laws of the rs a corporation duly organized
(herein collectively called the "Companies"),pursuant to and by authority herein set forth, does hereby name,constitute and appoint,Tenzer VCunninsharn.Martha Gonzales. My Hua.Mechclle Larkin. K R. Mair. Joaouin Perez. Resina Brenda Wong
Iibertv
Mutudl Certif icate No: 8202349-02401 7
Libefi Mutual
under the laws
SURETY
lnsurance Company is
of the State of lndiana
all of the city ol Los Angeles state of California each individually if there be more than one named, its true and lawful attomey-in-fact to make,execute, seal, acknowledge and deliver, for and on its behalfas surety and as its act and deed, any and all undertakings, bonds, recognizances and other surety obligations, in punsuance
of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper
persons.
lN WITNESS WHEREOF, this Power of Attorney has been subscribed by an authorized ofiicer or official of the Companies and the corporate seals of the Companies have been aflixedthereto this 14th day of October , 2019
Libefi Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West Amencan lnsurance Company
By
David M. Carey, Assistant
State of PENNSYLVANIA
CountyofMONTGOMERY ss
Onthis ljlth -dayof Oclober , lQ]9-beforemepersonallyappearedDavidM.Carey,whoacknowledgedhimselftobetheAssistantSecretaryof LibertyMutual lnsurance
Company, The Ohio Casualty Company, and Vvest American lnsurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes
therein contained by signing on behalf of the corporalions by himself as a duly authorized officer.
lN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seal at King of Prussia, Pennsylvania, on the day and year lirst above written.
COMMONWEALTH
By:/-fi1/,
[4embel Pennsylvania Associalion of Notaries
Pastella, Notary Public
This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty lnsurance Company, Liberty Mutuallnsurance Company, and West American lnsurance Company which resolutions are now in full force and effect reading as follows:
ARTICLE lV-OFFICERS: Section 12. Powerof Aftorney.
Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President, and subject to such limitation as the Chairman or the
may prescribe, shall appoint such attorneys-in-fact, as may be necessary to act in behalf of the Corporation to make, execute, seal, acknowledge and deliver as surety any and all
undertakings, bonds, recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations sel forth in their respective powers of attorney, shall have full
power to bind the Corporation by their signature and execution of any such instruments and t0 attach thereto the seal of the Corporation. When so executed, such instrumenb shall
be as binding as if signed by the President and attested to by the Secretary. Any power or authority granted to any representative or attorney-injact under the provisions of thisarticle may be revoked at any time by the Board, the Chajrman, the President or by the ofiicer or officers granting such 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 their 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 if
signed 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, recogntances and other surety
obligations.
Company, wherever appearing upon a certified copy of any power of attomey issued by the Company in connection with surety bonds, shall be v;[d and binding upon the Company with
the same force and effect as though manually afiixed.
l, Renee C Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty lnsurance Company, Liberty Mutual lnsurance Company, and West American lnsurance Company do
has not been revoked.
It'l TESTIMONY WHEREOF, I have heieuntc aet my hand and aflixed the seats of said Companies this Oav ot AU G 2 4 ?029
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NotErial Seal
Teresa Pastella, Notary Public
Upper Msrion Twp., Montgomery County
My Commission Expires March 28,2021
19i2 1919 1991
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