Golden Star Investment Properties, LLC Faithful Performance Bond Menifee Plaza 41411109FOR: Streets / Drainage $
Flood Control $
Water System $
Rec. Water $
Sewer System $Total $
Surety Platte River lnsurance Companv
Address 2121 N. California Blvd #300
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CAL!FORNIA
(Government Code Section 66499.1)
0.00
92,000.00
406,500.00
235,500.00 Project Menifee Plaza
0.00 Other Proj Ref. lP20-001 (1P12-006)
Bond No. 41411109
Premium $ 8,130.00
79.000.00
Principal
Address
Golden Star Investment Properties. LLC
4040 MacArthur Blvd-€urte 309
City/State Walnut Creek, CA City/State Newport Beach, CA
zip code 94596 zip 92660
Phone 925-262-2715 Phone (949\ 679-7733
WHEREAS, the City of Menifee, State of California, and Golden Star lnvestment Properties. LLC
(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 relating to lP20-001 (1P12-006) , which agreement(s) is/are hereby referred to and
made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the
faithful performance of said agreement(s);
NOW, THEREFORE, we the principal and Platte River Insurance Companv, as surety, are h6ld and
firmly bound unto the City of Menifee in the penal sum of Four Hundred Six Thousand Five
Hundred and no/100, Dollars, $406.500.00 lawful money of the United States, for the payment of
which sum will and truly be made, we bind ourselves, our heirs, successors, executors and
administrators, jointly 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 truly
keep and perform the covenants, conditions and provisions in the said agreement and any alteration
thereof made as therein provided, on his or their 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 shall
indemnify and save harmless the City of Menifee, its officers, agents and employees, as therein
stipulated, then this obligation shall become null and void; othenruise, it shall remain in full force and
effect.
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's
fees, incurred by the City in successfully enforcing such obligation, all to be taxed as costs and
included in any judgment rendered.
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FAITH FU L PE RFORMANCE BON D#41411109
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to
the terms of this agreement or to the work to be performed there under or the specifications
accompanying the same shall in anywise affect its obligation 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 and commencement of construction are
not conditions precedent to surety's obligations hereunder and are hereby waived by surety.
When the work covered by the agreement is complete, the City of Menifee will accept the work and
thereupon, the amount of the obligation of this bond is reduced by 90% with the remaining 10% held
as security for the one-year maintenance period provided for in the agreements(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principa! and surety above
named, on ltlarch 1Oth 2020
NATVE OF PRINCIPAL: Golden Star lnvestment Properties, LLC.
AUTHORTZED S r G NATU RE(S ):
By:
me frt I
Title,r€o
(tF coRPoRAT!ON, AFFIX SEAL)
NA]VIE OF SURETY:
AUTHORIZED SIGNATURE:
ina M. Noahr , lts Attorney-in-Fact Title
(lF coRPoRATION, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY.
IN.FACT.
KNOW ALL MEN BY THESE PRESENTS, That the PLATTE RMR INSURANCE COMPANY, a corporation of the State of Nebraska, having
its principal offices in the City of Middleton, Wisconsin, does make, oonstitute and appoint
A M. NOAHR; WILLIAM ALLEN KAERCHER-------------
its true and lawful Attomey(s)-in-fact, to make, execute, seal and deliver for and on its behalf, as surety, and as its act and deed, any and all bonds, undertakings
and contracts of suretyship, provided that no bond or undertaking or contract of suretyship executed under this authority shall exceed in amount the sum of
WRITTEN INSTRUMENTS IN AN AMOUNT NOT TO EXCEED$2O,OOO,OOO--AI I
PLATTE RIVER INSURANCE COMPANY
POWER OF ATTORNEY 4L411109
Stephen J. Sills
CEO & President
David J. Regele
Notary Public, Dane Co., WI
My Commission Is Permanent
is now in force.
20 ?D
GIs"No (J.
This Power ofAttomey is granted and is signed and sealed by facsimile under and by the authority ofthe following Resolution adopted by the Board ofDirectors of PLATTE RMR INSURANCE COMPANY at a meeting duly called and held on the 8th day of January, 2002.
"RESOLVED, that the President, Executive Vice President, Vice President, Secretary or Treasurer, acting individually or otherwise, be and they hereby
are granted the power and authorization to appoint by a Power ofAttorney for the purposes only ofexecuting and attesting bonds and undertakings, and
other writings obligatory in the nature thereof, one or more resident vice-presidents, assistant secretaries and attorney(s)-in-fact, each appointee to have
the powers and duties usual to such offices to the business of this company; the signature of such officers and seal of the Company may be affixed to any
such power of attorney or to any certificate relating thereto by facsimile, and any such power of attomey or certificate bearing such facsimile signatures
or facsimile seal shall be valid and binding upon the Company, and any such power so executed and certified by facsimile signatures and facsimile seal
shall be valid and binding upon the Company in the future with respect to any bond or undertaking or other writing obligatory in the nature thereof towhich it is attached. Any such appointment may be revoked, for cause, or without cause, by any of said officers, at any time."
In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and authority hereby given to the
Attomey-in-Fact includes any and all consents for the release of retained percentages and/or hnal estimates on engineering and construction contracts
required by the State of Florida Department of Transportation. It is fully understood that consenting to the State of Florida Department of Transportation
making payment ofthe final estimate to the Contractor and/or its assignee, shall not relieve this surety company ofany ofits obligations under its bond.
In connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given to the
Attorney-in-Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner - Department of
Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
IN WITNESS WHEREOF, the PLATTE RMR INSURANCE COMPANY has caused these presents to be signed by its officer undersigned and its
corporate seal to be hereto duly attested, this 3rd day of May, 201 7
Attest:
PLATTE RIVER INSURANCE COMPANY
Vice President. Treasurer & CFO
--hl1fl-,rl -itr hro$tunt
Suzanne M. Broadbent
Assistant Secretary
STATE OF WISCONSIN \couurvoroer.le- 1ss'
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On the 3rd day ofMay,2017 before me personally came Stephen J. Sills, to me known, who being by me duly sworn, did depose and say: that he resides
in the County of New York, State of New York; that he is President of PLATTE RMR INSURANCE COMPANY, the corporation described in and
which executed the above instrument; that he knows the seal ofthe said corporation; that the seal affixed to said instrument is such corporate seal; that it
was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by like order.
Q&ft.r<--z--
STATE OF WISCONSIN
COUNTY OF DANE )S.S.:
I, the undersigned, duly elected to the office stated below, now the incumbent in PLATTE RMR INSURANCE COMPANY, a Nebraska
Corporation, authorized to make this certificate, DO HEREBY CERTIFY that the foregoing attached Power of Attorney remains in full force and has
not been revoked; and furthermore, that the Resolution ofthe Board of'Directors.
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set forth in the Power of
day ofSigned and sealed at the City of Middleton, State of Wisconsin this
Antonio Celii
General Counsel, Vice President & Seccretary
THIS DOCUMENT IS NOT VALID UNLESS PRINTED ON OREEN SHADED BACKGROUND WITH A RED SERIAL NUMBER IN THE UPPER RIGHT HAND
CORNER. IFYOUHAVEANYQUESTIONSCONCERNINGTHEAUTHENTICIIYOFTHISDOCUMENTCALLSOO-415-4450. PR-PoA(Rev.t0-2017)
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ACKNOWLEDGMENT
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
COUNry OF ORANGE
On March 72,2020 before me,Davino K. Olsen Notary Public,
personally appeared Brion Woyy who 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 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
Itrlrl,true and correct.
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WITNESS my hand and official seal
A.t9tlr
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(seal)
Number of Pages:
OPTIONAL
Completing this information can deter alteration of the document
or fraudulent reattachment of this form to an unintended document.
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