Woodside 05S, LP Faithful Performance TM36788 1163832FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
CITY OF IUENIFEE, STATE OF CALIFORNIA
(Government Code Section 6649S.1)
FOR GRADING:
Rough Grading
Erosion Control
WQMP
Total
Surety Lexon lnsurance Companv
Address 12890 Lebanon Road
Tract 36788
0.00 Other Project No GP18-029
0.00 Bond No. 1163832
$
$
$
$
383 000.00
383,000.00 Premium $ I99 2 .00
Principal
Address
Woodside 05S, LP
1 1 870 Pierce St Suite #250
City/State Mt. Juliet. TN City/State Riverside, CA
Zip code 37122 zip 92505
Phone 800-962-5212 Phone (951)710-1900
WHEREAS, the City of Menifee, State of California,and Woodside 05S, LP
(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 (Tract) TR 36788 / GPlS-029, 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 , as
surety, are held and firmly bound unto the City of Menifee in the penal sum of Three Hundred Eiohtv
Three Thousand and no/1 00.Dollars ($ 383,000.00 ) 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; otherwise, 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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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 Aprrl 3.2019
NAME OF PRINCIPAL: Woodside 05S LP
AUTHORIZED SIGNATU RE(S)
By:
t-E LName:
Title:
C *attr o rl€A
h.tJrll*r J*-* rn1
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Lexon lnsuran ce Comoanv
AUTHORIZED SIGNATURE
Melissa Schmidt Its Attorney-in-Fact -Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEYJN-FACT.
9/8/r5
FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
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POWER OF ATTORNEY Bond #:1'163832
Pnncipal:Woodside 05S, LP
Obilgo6: City of MenifeeLexon lnsurance Company
KNOW ALL MEN BY THESE PRESEMIS, that LEXON INSURANCE COMPANY, a Texas Corporation, with ib statutory home office in
Austjn, Texas, does heteby constitute and appoint: Melissa Schmidt lts true and lawtul Attomey-ln-Facl to make, execute, seal and
deliver for, and on ils behalf as surety, any end all bonds, undertakings or other Mitings obligatory in naturo of a bond.
This authority is made under and by the authority of a resolution Mrich was passed by the Board of Directors of LEXON INSURANCE
COMPANY on the 'lst day o, July, 2003 as tollors:
Resolved, that the President of the Company is hecby authorized to appoint and empower any repr€sentativs of the Company or olh6r
person or persons as Attomey-ln-Fac1 b oxccute on behalf ol hc Company any bonds, undertakings, policios, contracts of indemnity or olher
Mitings obligatory in natur€ of a bond not to exceed $5,000,000 dollars, which he Company mlght execute thtough its duly elecl€d ofricers,
and affix the seal of the Company thereto. Any said execution of such documents by an Attomey-ln-Faci shall be as binding upon he
Company as if hey had been duly 6xBcut6d and acknowledged by th€ rogularly 6l6c16d officaB of $s Company. Any Attomey-ln-Fac1, 80
appointed, may be removed for good cause and lh6 authority so grdnted may be revoked as specified in ths Power of Attomey.
Resolved, hat the signature of th6 President and the seal of tho Company may be afrxod by facsimile on any power of attomsy
granted, and he signature ot the Assistiant Secretary, and the seal of th6 Company may be affixed by facsimilo to any certjfcats of any such
power and 6ny such power or certilicale bearing such facsimile signaturs ond seal shall be valid and binding on the Company. Any such
power so executed and sealed and certillcato so executed and sealed shall, with respecl to any bond of undertaking to which il is attached,
continue to be valid and binding on ths Company.
lN WITNESS THEREOF, LEXON INSURANCE COMPANY has caused this instrument to bo signed by its President, and its Corporato
Seal to bs affixed this 22nd day of June, 2018.
LEXON INSURANCE COMPANY
ACKNOWLEDGEMENT
On thls 22nd day of June, 2018, before me, personally came Brian Beggs to me known, who bo duly swom, did depose and say hat ho
is th6 Presid€nl of LEXON INSURANCE COMPANY, the corporation described in and which ex€cutod th6 abov6 instrument; Ulat ho execuled
said instrument on behalf of lhe corporation by authority of his office under the By-laws of said corporation
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r..H;Si
AMY TAYLOR
ildary PUUIe Stala ol T6am666o
Daviioi Cotrnty
lry Co.rrnkElon EqilE8 0ru&19
,, fu
Brian Beggs
President
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BY
Amy
Public
CERTIFICATE
l, the undersigned, tusistant Socr€tary of LEXON INSURANCE COMPANY, A T€xas lnsuranco Company, DO HEREBY CERTIFY
that the original Power of Attomey of wlrich lhe foEoing is a fue and conecl copy, is in fullforce and efrect and has not been revoked and he
resolutions as set forlh are now in force.
Signed and Seal at ilounl Juliet, Tennessee 16;s 3rd 93ye1 April .2919.
BY
tuidrewSmith
Assistant Secretary
"WARNING: &ry prrson who knowlngly rnd wlth lntsnt to dofaud lny lnsuranca company or other ps]!on, flle! rnd sppllcaton lor lnEursnco ol
clalm conlalnlng .ny mabrlally fabe lnfo.matlon, or conceal! for lhG purpolo ol mlslesding, lnfomstlon concsmlng lny fact materlal lhoroto,
commlts r fraudulent lnsuranca sct ryhlch l! r cdme end Subject3 luch poBon to crimlnal and clyll pensltler."
SEAL
SEAL
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT Civil Code S 1189
A notary public or other officer completing this certificate verifies only the identity ofthe individual who signed the
document to which this certificate is attached, and not the truthfullness, accuracy or validity of that document.
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State of lL
County of DuPage
ril 3 2019 before me,
)
personally appeared
Nrms and or N.mo. ol Si9n€(s)
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(ios), and that by his/her/their signature(s) on tho
instrument the person(s), or th6 €ntity upon behalf of
which the p€rson(s) acted, executed the instrument.
I certify under P
t he State of
and correct.
ENAL
IL
TY OF PERJURY under the laws of
that tho forogolng paragraph is true
Witness my ha nd official seal
:,1 1.
Signatu NI
se M. Pisciotto PLce Notey Firulc s€d Abov€
OPTIONAL
Though the infomdtion bolow is not Nqulred by law, lt mdy prwe valudble to the o€,/sons Elying d7 the d@ument aN cou@ prevent fnudulent removal
and Eattochtrent ol lhis fom to anolhet documeDt
Description of Attached Document
Title or Type of Document
re- -u0
Document Date
Signer's Name:
D
Number of Pages:
E lndividual
tr
E lndividual
Corporate Officer -
Partner - E Limited tr General
(s)Title
E Guardian or Conservator
E Attomey-in-Fact
E Trustee
E other:
Title(s):trtrGeneralE Guardian or Conservator
E Attorney-in-Fact
E Trustee
E other:
Signer is representing
Lexon lnsurance Company
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A|GBT T}IUMBPNll\ll
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BIGhITHUMEPNINT
OF SlGNER
On Tariese M. Pisciofto Notarv Public
N.rD .nd ltrbll Not ry
Melissa Schmidt
Corporate Officer -
Partner - E Limiteo
Signer is representing
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