Pardee Homes Faithful Performance Bond TM32277-1 929644871FOR: Streets and Drainage $.Flood Control $
Dom Water System $
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
?)572 500.00 TracVParcel Map 32277-1
0.00 Bond No. 929644871
26 000.00 Premium $ 20.680.00
Rec. Water System $24 000 00
Sewer System $047,500 .001
Total $ 5,170,000.00
Surety The Continental ln SUrance Companv Principal Pardee HomesAddress'1455 Frazee Rd #300 Address 1250 Corona P inte, Suite 660City/State an Dieoo. CA City/State Corona CASZip 92108 zip 92879Phone949-252-4400 Phone 951-428-4435
WHEREAS, the City of Menifee, State of California, and pardee Homes(hereinafter designated as "principar") have entered into, oiare abouti6GiiilG, tneattached agreement(s) whereby principal agrees to install and complete the above designatedpublic improvements relating to Tract 32277-1, which agreement(s) is/are hereby referred toand 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 rhe continental lnsurance companv , assurety, are held and firmly bound unto the city of Menifee in the penal surn of Eve_ltrlillignQne Hundred seventv Thousand and no/100, Douars, $ s.i7o,odo.00 , lawtul mJneyi?lrreUnited States, for the payment of which sum will and truly be rnade, we bind ourselves, ourheirs, successors, executors and administrators, joinfly and severally, firmly by thesepresents.
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, andwell 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; otheruyise, 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 anyjudgment rendered.
9l8r l5
M EN IFEE
FAITHFUL PERFORMANCE 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 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 theremaining 10% held as security for the one-year maintenance period provided for in the
agreements(s).
IN WITNESS WH
above named, on
EREOF, this instrument has been duly executed by the principal and surety
January 26 2017
NAME OF PRINCIPAL: Pardee Homes
AUTHORTZED STGNATURE(S):
By
Na me v\6m rs
Titf e: W fon rn<,r n i+1 frvclo7'.*-qf
(rF coRPoRATtON, AFFTX SEAL)
NAME OF SURETY:Contine il ce Com an
AUTHORIZED SIGNATUR nrn l\4onroe Attorne -ln-Fa
Title
(rF coRPoRATrON, AFFTX SEAL)
ATTACH NOTARIAL CKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
irt
9/8/t5
MENIFEE
tt-"-z--
Its Attorney-in-Fact
ALL. PURPOSE
CERTIFICATE OF ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only theidentity of the individual who signed the document to which this certilicateis attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Oranqe )
on JAN262017 before me, Brianne Davis, Notary public
I certify under PENALTY oF PERJURY under the laws of the state of california that
the foregoing paragraph is true and correct
E
IAmorvrt
ConmLloe t{o. 2ot7r5:lronrY rufJc4alrs{aohE CqrarYlt cm ari.flt t. rr7
Notary Public Signsture (Notary Public Seal)
)
personally appeared Janina Monroe
who proved to me on '
nameg) isffi subscribed to the within instrumenl and acknowledged to me that
he/she/ttEy executed the same in hi6/her/their authorized capacity(jt*rX and that by
hisdhe,bcir signature(oi on the instrument the person(d, or the entity upon behalf of
which the person(el acted, executed the instrument.
WTNESS my hand and official seal.I
ADDITIONAL OPTIONAL INFORMATION
DE IP]ION OF THE ATTACHED DOCU NT
(TiUe or des.riptio.r
INumber of eages 2 Documenl Date I 2U It
INSTRUCTIONS FOR COMPLETING THIS FORM
Thit fona conphd \,'th cur.nt Cauom& tbtut.t ftprdihg hotot.1,\ ordug ohd.
tf n..d.d. thould bc coitpl.ted a a ach.d to the docnm.nt tc*notN .d9ni ftonoth.t ttct.t ata) bc cohql.t.d lor docunt tus be ihg t nr ro rhar srorc so long ai rheto, ding do.r not ruquirc th. Calilomio notaty to .t iolar Coliloruo notory lat .
Statc .nd County mform.tron mln bc $e Slrlc .nd Counw whcre lhe d(rumm
s,8nds I ncnonally rppcarld beforc lnc norary F,blr for scLowhdgrncnr
Drl. ot notarizaiion mu$ bc th€ da{c thll the si8ncr(s) pcrs(,l'lty spp.arcd whichmu$ also be lhc simc ilitc th. rckDoyladgooll is completed.
Th. rcl!ry public ,nun prinr his or hcr namc as il afpcars wjrhin bis or her
commission follow€d by a comrna lrld (hcn your tnb (oorary public).
Pint thc na'ne(s) of documc si8rcrts) *ho p.rsonalty spDc.r ar lhe tim€ of
. lDdicrl. thc c6rc.( lhtular or pluEl fonrs by crossing olT inco'I.d forms (i...
h.r'sh../th.'r is /.r. ) or circlinS lh. corrcd forms Failure b corrcctty indicak thisinforD.tion may lcsd to rc.icclion ofdocumcnt rc.ording.. llc noury sc.l imF.ssioo musr b. clcar and pho.ographrcalty lEplducibt .
lmpr.ssion mun nor covcr lcxl or lincs. lf !e.l irnpr€ssion 3mud8es. rc-s.at if a
sumcicnt arr{ p€nni!s, othcrwis€ complcr! . diff.r.nl acknowtcdgmcnr fonn.. SiSn!tur€ ofrhc nolarJ public mu$ malch thc siFlurn on fit eilh rhc omcc of
,, Addrrional infornarion is not 'lquircd but could hctp io cnsu'c rhis6cl oidlcdgmcnr is nor misus.d or rtached ro a diffcrEnr docume r.+ lndicalc drlc or t,?c ol'attachcd do.ultrcnt, numbcr ofJ)ages aDd dslc.+ lndicat lhc crpa.ty claiscd by the si8n r. lf tle cl&imed cspociry is a
corporatc offrc.r. indi(lL lh. rirlc (ic. CEO. CFO, Sccrct ry).. S.{urcly ntrrch rhis docunc b ih. signcd documefl wrth a sraphrtr15 V,rrsic'r v,(/^ Noiar).jlasg( r tofi, tOt) el J-<,bt,.
CAPACITY CLAIMED BY THE SIGNERtr lndividual (s)0 Corporate Ofiicer
(TitEr
Partner(s)
Attomey-in-Fact
Trustee(s)
Other
tr
E
tr
D
WA4v, rropi-)
POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY-IN-FACT
Know All Men By These Preserts,That The Continental Insurarce Company, a Pennsylvania insurance company, is a duly organized and existinginsurance company having its principal oflice in the City ofchicago, and State oflllinois, and that it does by virnreof ihe signature and seal hereinallxed hereby make, constitute and appoint
Janina Monroe, Tom Mc Call, Ptul Boucher, Individually
ofLos Angeles, CA, its tsue and lawful Attomey(s)-in-Fact with full power and authority hereby conferred to sign, seal and execute for and on its behalfbonds, undertakings and other obligatory instruments of similar nature
- In Unlirnited Amounts -
and to bind them thereby as fully and to the same extent as if such instsuments were signed by a duly authorized officer ofthe insurance company and allthe acts ofsaid Attomey, pursuant to the authority hereby given is hereby ratified and confirmed.
This Power of Attomey is made and executed prrrsuant to and by authority ofthe By-Law and Resolutions, printed on the reverse hereof, dulyadopted as indicated, by the Board of Directon ofthe insurance company.
Io Wlttress Whereof, The Continental Insurance Company has caused these presents to be signed by its Vice President and its corporate seal to beherao affixed on this l5th day ofJuly, 2016.
The Continental Insurance Company
Paul Vice President
State ofSouth Dakota, County ofMinnehaha, ss:
On this l5th day ofJuly,20l6, before me personally came PaulT. Bruflat to me knom, who, being by me duly swom, did depose and say: thathe
resides in the City ofSioux Falls, State ofSouth Dakota; that he is a Vice Presjdent ofTho Continental Insurance Compary, a Penniylvalia insurarce
company, described in and which executed the above instrument; that he knows the seal ofsaid insurance company; that the seal affiied to the said
instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said insurance compary and that he
signed his name thereto pursuant to like au6ority, ard acknowledges same to be the act and deed ofsaid insurance company.
My Commission Expires June 23, 2021 J. Mohr Notary Public
CERTIFICATE
The Continental Insurance Company
g?e)
J, MOHR
Form F6850-4/2012
i2ro'.')
tNs
D, Bult Assistant Secretary
I, D. Bult, Assistant Secretary ofThe Continental Insurance Company, a Pennsylvania insurance company, do hereby certiry that the Power of
Attomey herein above set forth is still in force, and further ceftiry that the By-Law and Resolution ofthe Board of Directors of the insuftmce company
printed on the reverse hereof is still in force. In testimony whereof I have hereunto subscribed my name and affixed the seal of the said insurancecompanyrhis_o"r.r J*fi 26 ?0ll
O
Authorizing Resolutions
ADOPTED BY THE BOARD OF DIRECTORS OF THE CONTINENTAL INSURANCE COMPANY
This Power of Attomey is made and executed pursuant to afld by authority ofthe following By-Law duly adopted by the Board of Di.ectols of
the Company at a meeting h€ld on May 10, 1995.
,.RISOLVED: That any Group Vice President may authorize an officer to sign specific documents, agreements and instruments on behalf
ofthe Company provided that ahe name of such authorized officer and a description ofthe documonts, agreements or instruments that such
officer may sign will be provided in writing by the Croup Vice President to the Secretary ofthe Company prior to such execution
becoming effective."
This Power of Attomey is signed by Paul T. Bruflat, Vice President, who has been authorized pursuant to the above resolution to execution power of
attomeys on behalf ofThe Continental Insurance Company
This Power of Attomey is signed and sealed by flacsimile undet and by the authority ofthe following Resolution adopted by the Board of Directors of
rhe Company by unanimous wrinen consent dated the 25ti day of April, 2012:
"Whereas, the bylaws ofthe Company or specific resolution ofthe Board of Directors has authorized various officsrs (the "Authorized
Officers") to execute various policies, bonds, undenakings and other obligatory instruments oflike nature; and
Whereas, from time to time, the signature ofthe Authorized Ofticers in addition to being provided in original, hard copy format, may be
provided via facsimile or otherwise in an electronic format (collectively, "Electronic Signatures"); Now thereforc be it resolved: that the
Electronic Signature ofany Authorized Ofiicer shall be valid and binding on the Company."
CALIFORI'IIA ALL.PURPOSE ACK]IOWLEOG ENT CIVIL CODE S 1189
', :C{:caare:ai
A notary public or other officer completing this certiricate verifies only the identity ot the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
Stale of California
County ot
On January 30,20'17 before me,Ana E. Chavez Perez, Notary Public
Date
personally appeared
Name(s) of Signe4s)
ANA E. CHAVEZ PEREZ
NOTABY PUBLIC. CALIFORNIA
coMMtsstoN # 21077(2
RIVERSIDE COUNTY
My Comm. Exp. April 10, 20le
I certify under PENALTY OF PERJURY under the laws
of the State o, California that the loregoing paragraph
is true and correct.
WITNESS my hand and official seal-
sisnalure /
Place Notary Seal Above
Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type ol Document
Document Date:Number of Pages:
Signe(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name Signer's Name! Corporate Otficer - Title(s):tr Corporate Officer - Title(s):
Here lnseft Name and Title of the Officer
Jeff Chambers
a
E Partner - ! Limited D General
n lndividual E Attorney in Fact
D Trustee n Guardian or Conservator
! Partner - ! Limited ! General
tr lndividual tr Attorney in Fact
n Trustee tr Guardian or Conservator
D Other:! Other:
02015 National Notary Association ' www.NationalNolary.org . 1-800-US NOTARY 0 -800-876-6824 ltem #5907
Riverside
who proved to me on the basis of satisfactory evidence to be the person6) whose nameh) is/ttfi
subscribed to the within instrument and acknowledgsd to me that he,oh€dhry executed the same in
hislbor{that authorized capacity(ir'r), and that by hisrl€ !frofr signature(r) on the instrument the person($,
or the entity upon behalf of which the person(6) acted, executed the instrument.
OPTIONAL
Signer ls Representing:Signer ls Representing:
@