Golden Star Investment Properties, LLC Faithful Performance Bond Menifee Plaza 41411107q#
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FA!THFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR GRADING:
Grading/Drainage
Erosion Control
WQMP
Total
12,000.00
$13,000.00$ 119.000.00$ 144,000.00
Surety Platte River lnsurance Companv
Address 2121 N. California Blvd. #300
Project Menifee Plaza
Other Project No.GP19-060
Bond No.41411107
Premium $2.880.00
Principal Golden Star lnvestment Properties. LLC
Address 4040 MacArthur Blvd, Suite 309
City/State Walnut Creek, CA City/State Newport Beach, CA
Zip code 94596 zip 92660
Phone 9252622715 Phone (9N)679-7733
WHEREAS, the City of Menifee, State of California, and Golden Star lnvestment Properties. LLC
(hereinafter designated as "principal") have entered into, or are about to enter into, the attached
agreement(s) whereby principal agrees to install and complete the above designated grading project,
related to GP19-060 which agreement(s) is/are hereby referred to and made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the
faithful performance of said agreement(s);
NOW, THEREFORE, we the principal and Platte River lnsurance Companv, as surety, are held and
firmly bound unto the City of Menifee in the penaI sum of One Hundred Fotty Four Thousand and
@L109, Dollars ($ 144.000.00 ) laMul 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 fullforce 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.
OF
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tEFllErEtil FAITH FU L PERFORMANCE BOND#4141107
FOR GRADING PROJECTS AND ORYEROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
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 Until the California Regional Water Quality Control Board
issues a Notice of Termination.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on l\Iarch 10th 2020.
NAIvIE OF PRINCIPAL: Golden Star lnvestment Properties, LLC.
AUTHORTZED Sr G NATU RE(S ):
By:
ame Btl ta"r
Title:aro
(tF coRPoRATtON, AFFTX SEAL)
NAIVIE OF SURETY:
AUTHORIZED SIGNATURE
ina M. Noahr, lts Attorney-in-Fact Title
(tF coRPoRATlON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
OF
KNOW ALL MEN BY THESE PRESENTS, That the PLATTE RMR INSURANCE COMPANY, a corporation of the State of Nebraska, having
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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 exe€uted under this authority shall exceed in amount the sum of
rh , p"*;;;;;;;";,;;;;;;#: H[]]:H:il"X:iii]]T".TiJ:ilH::::?i3]['13L1;;;;;;;";";., ",Directors of PLATTE RIVER 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 of Attomey for the purposes only of executing 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 companyi the signature of such officers and seal of the Company may be affixed to any
such power of attomey 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 to
which 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
Attorney-in-Fact includes any and all consents for the release of retained percentages and/or final 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 Depaftment of Transportation
making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety company of any of its obligations under its bond.
ln connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given to the
Attomey-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 thiry (30) days prior to the modification or revocation.
IN WITNESS WHEREOF, the PLATTE RwER INSURANCE COMPANY has caused these presents to be signed by its officer undersigned and its
duly this 3rd day of May, 2017
PLATTE RIVER INSURANCE COMPANY
Vice President. Treasurer & CFO
PLATTE RIVER INSURANCE COMPANY
POWER OF ATTORNEY 4L411107
Stephen J. Sills
CEO & President
David J. Regele
Notary Public, Dane Co., WI
My Commission Is Permanent
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Suzanne M. Broadbent
Assistant Secretary
STATE OF WTSCONSTN I s scoUNTYoFDANE l
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On the 3rd day of May,20l7 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 oI 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.
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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 HEREBYCStrTIFY that the foregoing attached Power of Attorney remains in full force and has
not been revokedl and furthermore, that the Resolution of tht Board of pirectogs, set forth in the Power of Attomey is now in force.
Signect and sealed at the City of Midclleton, State of wiscd-ns, *i, ---[ 0 fh d^y of YVliflA , 20 2D
0,,NsrND CJ^
Antonio Celii
General Counsel, Vice President & Seccretary
THIS DOCUMENT IS NOT VALID UNLESS PRINTED ON GREEN SiEPEP BACKGROUND WTIH A RED SERIAL NUMBER IN THE UPPER RIGHT HAND
CORNER. lF YOU HAVE ANY QUESTIONS CONCERNING THE AUTHENTICITY OF THIS DOCUMENT CALL 800-475-4450. PR-PoA (Rev. 10-2017)
SEAL
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Completing this information can deter alteration of the document
or fraudulent reattachment of this form to an unintended document.
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Signer is Representing
JJ
n Guardian of Conservator
Signer's Name
! Corporate Officer - Title(s):
E otner:
Signer is Representing
Description of Attached Document
Signer(s) Other Than Named Above
Capacity(ies) i
Signer's Name
Claimed by Signer(s), krun (Daru
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f] timiteo Partner fl ceneral Partner
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l-l Trustee
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E timiteo Partner E General Partner
I tnoiviouat ! Attorney in Fact
! Trustee E Guardian of Conservator
Title or Type of Document
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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
COUNTY OF ORANGE
On Morch L2,202O before me,Dovino K. Olsen Notary Public,
personally appeared 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
true and correct.
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WITNESS my hand and otficial seal
Signature
(seal)
Brian Wayy