Pardee Homes Faithful Performance Bond TM32277-2 929644872FOR: Streets and Drainage $*Flood Control $
Dom Water System $
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
2,'136.5 00.00 TracVParcel Map 32277-2
0 0 Bond No. 929644872
584.500 .00 Premium $ 14 802.00
IIFRFA9, said principal is required under the terms of said agreement(s) to furnish bond(s)for the faithful performance of said agreement(s);
Rec. Water System $8.500.00
Sewer System
Total
$ 971 000.00$ 3,700,500.00
Surety The Continental lnsu rance Co m Principa I Pardee HomesAddress 1455 Frazee Rd #300 Address 1250 Corona Pointe, Suite 660City/State S n Dieqo ,CA CitylState Co na. CAZips2108Zip92879Phone949-252-4400 Phone 951-428-4435
WHEREAS, the City of Menifee, State of California, and pardee Hom ES_ (hereinafter designated as ,,principal ')have entered into, or are about to enter into, theattached agreement(s) whereby principal agrees to install and complete the above designatedpublic improvements relating to fract32277-2, which agreement(s) is/are hereby referred toand made a part hereof; and,
NOW, THEREFORE, we the principal and The Contine ntal lns urance Com NVas surety, are held and firmly bound unto the City of Menifee in the penal sum of ThreeMllion S ven Hun dred Th usand Five Hundred and no/1 , Dollars, $ 3.700.500.00. lawfulmoney of the United States, for the payment of which sum will and truly be made, we bindourselves, our heirs,successors, executors and administrators, joinfly and severally, firmly bythese 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 siand io and abide by, andwell and truly keep and perform the covenants, conditions -and provisions in the saidagreement and any alteration thereof made as therein provided, on his or their part, to be keptand performed at the time and in the manner therein specified, and in att respects accordingto their true intent and meaning, and shall indemnify and save harmless tfre bity of Menifee]its officers, agents and employees, as therein stipulated, then this obligation shalibecome nulland void; otheruise, it shall remain in full force and effect.
As a _
part of the obligation secured hereby and in addition to the face amount specifiedtherefore, there shall be included costs and reasonable expenses and fees, includingreasonable attorney's fees, incurred by the City in successfully enforcing such obligation, ai1to be taxed as costs and included in any judgment rendered.
918 5
I
FAITHFUL PERFORMANCE BOND
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 g0% with the
remaining 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 27 2017
NAME OF PRINCIPAL:Pardee Homes
AUTHORTZED STGNATURE(S):
By:
Nam
Title:
e:OAc|mbe.rgtrilt l
RP6
topwrnltfCod\rnq Da.a
(rF co RATION, AFFIX SEAL)
NAME OF SURETY: The Con nental urance Com n
AUTHORIZED SIG URE Monroe Attorne -ln-Fa
rn n-Fact Title
(tF coRPoRAT|ON, AFFrX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINC]PAL AND
ATTORNEY.IN.FACT.
9t8/t5
MEN I FEE
\#
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.
ALL- PURPOSE
GERTIFICATE OF ACKNOWLEDGMENT
A notery public or other ofticer completing this certificale verifies only the
identity of the individual who sign€d the document Io wttich this certificateis attached, and not the truthfulness, accuracy, or validity of that document.
County of Oranoe )
on JAN272017 before me, Brianne Davis, Notary Public
Janina Monroepersonally appeared
who proved to me on the basis of satisfactory evidence to be the person(g) whose
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
IrxoAYr!
Con r$.hr tao. 201715:l
TIAIY ,lJluc€lttoit ra
^r6c
ootx?Y
liC6rll. E r..l,if,l,2Or7
Notary Public Signature (Notary Public Seal)
)
name$) ishtq subscribed to the within instrument and acknowledg€d to me that
he/she/hoy execuled the same in hi6/her/thoir authorized capacity(ie*| and that byiablherifnir signaturepi on the instrument the personfrg, or the entity upon behalf of
which the person(€l acted, executed the instrument.
E
ADDITIONAL OPTIONAL INFORMATION
RIPTION OF THE ATTACHED
(Ti0c or dessiption cotnued)
Number of Pages Documenl Date 1
INSTRUCTIONS FOR COMPLETING THIS FORM
Ths/on" conplict tnh cutr.nt Caryornio stalut.s ftgording hota,).\ordng and,ifk..d.d, thould b. co pl.tcd and atto.h.d to th. doc|,ncnt. tc*hoh.dg.nit lrofioiEr stat.t n,oy b. .onpl.t.d /ot docut t irs b.ing s. t to that stat. to lot8 at th.
\rotdiag do.s dot rcqfi.. thc Calilornio notary to iolate Calilomo hotary lav.
. St.tc.nd County rnfomrauon musl bc Oe Sui€ and Counly wher€ the d(rrmefl
rjSn€r(s) t .'sonrlly lppc.rtd beforc fi. norrry Frblic for rclnowtcdg'n61.. Dfi. of nolariza.im mllsl b. th€ ddc rhlr lhc signo(s) p.'smrly rpp.ar.d r{hich
musl slso bc lhc srin. d6rc lt. .cknowlcdSncnr is complcted.. Ttc not!ry public mun print his or h.r nrme as ir slpelrs wirhin his or her
commitsion followcd by s cohm6 .rd ficn your tirlc (oo&ry public).. Prinr thc nam.{s) of docurncd sigr.r(d who personrlty lppcjr ar e rimc of
. lDdic.tc lhc cqrcct si!|Sular or plurll fo.rDs by cro$ing olT hcorreq forms (i.c_
iCsh./th6:r- is /rr. ) or .irclng lh. cotrlct fonns. Fsilurc lo cor€clty indicarc rhis
informltion t$ay l..d to r.jcction ofdo.0mcnr rccordiog.. llc noury s€sl urpr6sion mu$ bc clclr and phorografrhicrlly rcptodu.ibtc.
LEprcssjon mu$ nol covcl text or lincs. lf ical irnprcssion smudg6. rc-scal if aruffici'ni !r!a FrI|its, othcnris compktc . dirTdtnt rcknowlcd8lncol fonn.. Signltur. of lbc noirry fl$lic musr match thc signrorc on filc wi(ll thc offcc ofGccountyclc.
+ Addifionrl informadon is nol r€quircd bul could hclp to cnsurc this
,clrowlcdgmcnl is not misus.d or lnached to ! diffcrc docuneil.+ lndicat€ lnl. or t)Dc of lnachcd do.unar, numbcr of Dsgcs and d!ic,+ lndicatc lhc calnciry clatDd by $c sign6. lf tbe cliim.d crpacity ir s
coDoral. offic.r. indi.5r. rh. rid. (i... CEO. CFO, S.crcl!ry).. S€curcly ltlrch Ors docurn nr ro rhc sryn d document \uth . stspl.2015 Version v,^r/w Nola0alass.s .onr 801, 87:1.96b5
(Title)D Partne(s)E Attomey-in-Fact
tr Trustee(s)
n other
-
State of California
I certify under PENALTY oF PERJURY under the laws of the state of california that
6t
CAPACIW CLAIMED BY THE SIGNEREl lndividual (s)tr Corporate Officer
POWER OF ATTORNEY APPOINTING INDIVIDUAI ATTORNEY-IN-FACT
Know All Men By These Presenls,That The Continental lnsurance Company, a Pennsylvania insurance company, is a duly organized and existing
insurance company having its principal office in the City ofChicago, and State oflllinois, and thar ir does by vinue ofthe signature and seal herein
atixed hereby make, constitute and appoint
Janina Monroe, Tom Mc Call, Paul Boucher, Individually
oflos Angeles, CA, its true and lawful Attomey(s)-in-Fact with full power and authoriry hereby conferred to sign, seal and exerute for and on its behalf
bonds, undertakings and other obligatory instruments of similar nature
- In Unlimited Amounts -
and to bind thern thereby as fully and to the same extent as ifsuch instruments were signed by a duly authorized offic€r of the insurance company and all
the acts ofsaid Attomey, pursuant to the authority hereby given is hereby ratified and confirmed.
This Power of Attomey is made and executcd pursuant to aod by authority ofthe By-Law and Resolutions, printed on the reverse hereof, duly
adopted, as indicated, by the Board of DirectoN of the insurance compaoy.
Itr Wltness Whereot The Continental Insurance Company has caused these presents to be signed by its Vice President and its corporate sgal to be
hereto affixed on this 5th day ofDecembo,2016.
The Continental lnsurance Company
.:B
Paul Bnl Vice President
State of South Dakota, County of Minnehaia, ss:
On this 5th day of December, 2016, before me personally came Paul T. Bruflat to me known, who, being by me duly swom, did depose and say:
that he resides in the City of Sioux Falls, State of South Dakota; that he is a Vice President ofThe Continental lnsr.rrance Company, a Pennsylvania
insurance company, described in and which executed the above instrument: that he knows the seal ofsaid insumnce company; that the seal affixed to the
said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Boad ofDirectors ofsaid insurance company and that he
signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed ofsaid insurance company.
My Commission Expires June 23, 2021 L Mohr Notarv Public
CERTIFICATE
I, D. Bult, Assistant Secretary ofThe Continental Insumnce Company, a Pennsylvania insumnce company, do hereby certiry that rhe Power of
Attomey herein above set forth is still in force, and further certiry that the By-Law and Resolution ofthe Board of Dire€tors ofthe insumnce company
:;;,S;"JL" .""o." n*""tt.;j}iI-::_::!l,AmZIUEe hereunto subscribed mv name and affixed the sear of thc said insurance
The Continental Insurance Company
2Z
iB O
ugt)
J, MOHR
Form F6850-4/2012
D. Bult Assistant Secretarv
Authorizin g Resolutions
ADOPTED BY THE BOARD OF DIRECTORS OF THE CONTINENTAL INSURANCE COMPANY
This Power of Attomey is made and executed pumuant to and by authority of the following By-Law duly adopted by the Board of Direcors of
the Company at a meeting held on May 10, 1995.
,'RESOLVED: That any Group Vice President may authorize an ollicer to sign specific documents, aSreements and instruments on behalf
ofthe Company provided that the name ofsuch authorized officer and a description of th€ documents, agreements or insmlments that such
officer may sign will be provided in writing by the Group 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 beerl authorized pursuant to the above resolution to execution pow€r of
attomeys on behalf ofThe Continental Insurance Company.
This Power of Attomey is signed and sealed by facsimile under and by the authorify ofthe following Resolution adopted by the Board of Directors of
the Company by unanimous w,rinen consent dated the 25th day of April. 2012:
"Whereas, the bylaws of the Company or specific resolution of the Board of Dirertors has authorized various officers (the "Authorized
OfIicers") to execute various policies, bonds, undertakings and other obligatory instruments oflike nature; and
Whereas, from time to time, the signature ofthe Authorized Officers in addition to being provided in original, hard copy format, may be
provided via facsimile or otherwise in an electronic format (collectively, "Electsonic Sig.atures"); Now therefore be it resolved: that the
Electronic Signature ofany Authorized Officer shall be valid and binding on the Company."
CALIFORI{IA ALL-PURPOSE ACKI{OWLEDGi|E T CtVtL CODE S 1189
\r,-^4:raFrY\i_a?\di(\,-<zi!:a<k .fa {..r.:c{
State ol California
County of Riverside
On January 30, 2017 before me,Ana E. Chavez Perez, Notary Public
Date
personally appeared
Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to b6 the personh) whose name(t) is/ffg
subscribed lo the within instrument and acknowledged to me that helehslhry executed the same in
hislbodlrrok authorized capacity(iqr), and that by hisrradxt&a,I signatureh) on the instrument the person($,
or the entity upon behall of which the person(5) acted, executed the instrument.
I certify under PENALry OF PERJURY under the laws
of the State of California that the foregoing paragraph
is true and correct.
Here lnsert Name and Title of the Officer
Jeff Chambers
ANA E. CHAVEZ PEREZNOTARY PUALIC. CALIFORNIAcoMMlSstoN # 2107702RIVEFSIDE COUNTY
My Comm. Exp. Apil i9.2019
WITNESS my hand and official seal.
Signature
Place Notary Seal Above
OPTIONAL
Though this sectlon ls optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintendod document-
Description of Attached Document
Title or Type o, Document
Document Date:Number of Pages:
Signer(s) other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:Signer's Name! Corporate Officer - Title(s):! Corporate Officer - Title(s):
!Partner- tr Limited E General
D lndividual ! Attorney in Fact
E Trustee ! Guardian or Conservator
Signer ls Representing:Signer ls Representing:
02015 National Notary Association ' www.NationalNotary.org . 1-800-US NOTABY (1-800-876-6824 ltsm #5907
A notary public or other olticor completing this certificate verifies only the identity of the individual who signed the
document to which this certilicate is attached, and not the truthfulness, accuracy, or validity ofthat document,
,A/hvvZru/<-" signiture'ot Ndtatyfuotic
! Partner - ! Limited ! General
tr lndividual tr Attorney in Fact
E Trustee tr Guardian or Conservatorf Other:
-
! Other: