Showprop Menifee, LLC/ Showprop Pico Rivera, LLC Faithful Performance Bond TR36299-1 0770132GilIEE
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FAITHFUL 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:
Precise Grading
Erosion Control
WQMP
Total
$
$
197 000.
67,500.00
Tract 36299-1 , Lots 13-15
Other Project No GP18-02 P
Bond No.
Premium
0770132
756,500.00 $14,163.00 for 2 years
Surety Harco National lnsurance Co.Principal Showprop Menifee LLC/Showoroo
Address 2999 Oak Roa . Suite 820 Pico Rivera LLC
City Walnut Creek, CA Address 2275 W. 190th Street
zip 94597 C Torrance CA
Phone 925-256-8760 zip 90504
Phone (310) 560-1270
WHEREAS, the City of Menifee, State of California, and Showprop Menifee LLC/Showprop Pico
Rivera LLC (hereinafter designated as "principal") have entered into, or are about to enter into, the
attached agreement(s) whereby principal agrees to install and complete the above designated grading
project, related to (Tract) TR 36299-1. lots l3-'15 / GP18-028P , which agreement(s) is/are hereby
referred to and made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the
faithful performance of said agreement(s);
NOW THEREFORE, we the principal and Harco National lnsurance Companv.
as surety, are held and firmly bound unto the City of Menifee in the penaI sum of Seven Hundred
Seventv Six Thousand Five Hundred and no/l00, Dollars ($ 776.500.00 ) lawful money of the United
States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, sucressors,
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.
512 000.00
$
oe.
/
\#
E FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION 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 November 18 2019
NAME OF PRINCIPAL: Showprop Menifee LLC / Showprop Pico Rivera LLC
AUTHORIZED SIGNATU RE(S):
By
Name:
Title:
c1*'0'J
rtNtV 2/L
(tF coRPoRATtON, AFFTX SEAL)
NAME OF SURETY:m n
AUTHORIZED SlGNATURE:-th- tr+
Porter, lts Attorney-in-Fact Title
(tF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN-FACT.
O3.
A notary.public or other officer cornpleting this certificate
veffies only the identity of the indMdual who signed the
document to whicfr this cerffiete is attached, and not the
truthfulness, accur?lcy, or wlidity of that document
State of Callfornla
County of tos Ange]-es
On LJa,tenrk R t q Jst9 befiore me,
personalty appeztred
who proved-to me
K ,\)
on the of satisfactory evidence to be
subscribed to the and to me that
3 I Notary Public,
whose r)
ln
@?rerflfreiror the entity
and that by on the instrument the r),
upon wtrich the @t s) acted, executed insffirment
I certif, under PENALTY OF PERJURY under the laws of the State of Calificmia that the foregoing
paragraph is true and mnecl
WITNESS
(Seal)
Signature
zzzz
R. FONTES
Notary Public - California
Los Angeles County
Commission * 2217566
My Comm. Expires Nov 5, 2021
R. FONTES
Notary Public - California
Los Angeles Countv
Commission *ZZDSOO
zz
My Comm. Expires Nov s, 2021
Ncry AdamnEtlgment - General
SSCORPD1863.&c/ Upd# 1a.1o.12
HinErt 123A.14 @ 09:16Arrrl by CF
oqrcT-Ft ry-o21 80.05564*1 2i420ee7
POWER OF ATTORNEY
HARCO NATIONAL INSURANCE COMPANY
INTERNATIONAL FIDELITY INSURANCE COMPANY
Member companies of IAT lnsurance Group, Headquartered: 702 Oberlin Road, Raleigh, North Carolina 27605
KNOW ALL IrEt{ BY THESE PRESE TS: That HARCO NATIOIAL IISURA CE COiIPANY, a corporation organized and existing under the laws of
the Slate of lllinois, and II{TERNATIOi{AL FIDELITY INSURA CE COITPANY, a corporalion organized and existing under the la!,!6 ofthe State of New
Jersey, and having their principal offces located respec{ively ln the citles of Rolllng MeadowE, lllinois and Newark, New Jersey, do hereby conslitute and
appoint
IVAN M. MAROEVICH, JR., RACHEL A. PORTER, WLLIAM R. GRINDELL, VALERIE D. WLLIAMSCOLE, PAUL
F. PERLITE
San Francisco, CA
lheir true and lawful attomey(s)-in-fact to execute, seal and deli\/er lor and on its behalt as surety, any and all bonds and underlakings, contracls of
indemnity and othea wdtings obligatory in he nature thereot whlch are or may be allor,\red, required or permitted by law, statute, rule, regulation, contracl
or olherwise, and the exeqlion of such insbumenl(s) in puEuance of th€se presents, shall be as binding upon tle said HARCO NAnONAL
INSURANCE COI[IPANY and INTERNATIONAL FIDELITY INSURANCE COITPA Y, as tully and amply, to all intents and pu.poses, as il lhe sarne had
been duly e,\eq{ed and acknowledged by lheir regularly elecled offcers at lheir principal oflices.
This Power ofAttorney is executed, and may be revoked, pursuanl lo and by authority oflhe By-La\,!,s of HARCO ATIONAL I SURANCE COt$PAilY
aM INTERI,IATIONAL FIDELITY INSURAI{CE COTTPA Yand is granted urder and by aulhority ofthe follorving resolution adopted bythe Board of
Directo6 ol INTERNATIONAL FIDELITY INSURAIICE COI$PANY at a meeting duly held on the 13th day o, December, 2018 and by the goard of
Directoc ot HARCO AnONAL INSURANCE COiIPANY at a meeting held on lhe 13th day of Oecember, 2018.
"RESOLVED, that ('l) he Chief Executive Officer, President, Execulive Vice President, Senior Vice President, Vice President, ff Secretary of the
Corporation shall have the power to appoint, and to revoke the appointments ol Attomeys-in-Fact or agents wilh power and authority as defined or limited
in their respective pov,€rs of attorney, and to execute on behalf of the Corporation and affx the Corporation's seal thereto, bonds, undertakings,
recognizances, contrac{s of indemnity and other witten obligations in lhe nature thereof or related thereto; and (2) arry such Officers of the Corporation
may appoint and revoke lhe appointments of joint-control custodians, agents for acceptance oI proc€ss, and Attomeysin-fact with aulhority to exeqie
waivers and consenls on behalt of the Corporation: and (3) the signature of any such Orficer of the Corporation and the Corporation's seal may be affixed
by facsimile to any po!,t er of attorney or certification given for the execution of any bond, undertakirE, recognizance, contract of indemnity or other written
obligation in the nature thereof o. related thereto, such signature and seals when so used whether heretofore or hereaner, being hereby adopbd by the
Corporation as the original signature of such officer and the original seal ot the Corporation, to be valid and binding upon lhe Corpo.ation with the same
force and etfect as though manually atfixed."
IN WITNESS WHEREOF, HARCO NATIONAL INSURANCE COMPANY and INTERNATIONAL
FIDELITY INSURANCE COMPANY have each executed and attested these presents
on this 31st day of December, 2018
Bond # 0770132
STATE OF NEW JERSEY
County of Essex
STATE OF ILLINOIS
County of Cook ..-'::":$i*';if'1.6
: Ii SEAL igI
"'::#il-:ti$
"'.r...]...,.tt'
apman
Executive Vice President, Harco National lnsurance Company
and lnternational Fidelity lnsurance Company
On this 31st day of December,2018 , before me came the individualrvho executed the preceding instrument, to me personally knolvn, and,
being by me duly swom, said he is the therein described and authorized officer of HARCO NAnONAL INSURANCE COtIPANY and
II{TERNATIOiIAL FIDELITY IiISURANCE COMPA Y; thal the seals alfixed to said instrument are the Corporate Seals oI said Companies; that the
said Corporate Seals and his 8ignature were duly affixed by order o, the Boards of Di.ecto.s of said Companies.
lN TESTIMONY WHEREOF, I have hereunto set my hand affixed my Official Seal, at the City of Newark,
New Jersey the day and year first above written..*::'l';,*
:- o:-r'9 +orAor B-'..2-:: i= -.e E:
=i :.. . ouBgo ^ ,.' -:'r3|,p,,fii:s <]t, iluA
Shirelle A. Outley a Notary Pu New Jersey
My Commission Expires April4,2023
CERTIFICATION
l, the under8igned fficer o, HARCO NATIONAL INSURAIICE COIIPANY and INTERI{ATIONAL FlDELlw INSURAiICE CO PAIIY do hereby cerlify
that I have compared tt|e foregoing copy of the Power of Attomey and affdavit, and the copy of the Sec{ions of the By-Laws of said Companies a8 set
forlh in said Power of Attorney, with the originals on file in the horne ollice ol said companies, and that the same are coned transcripls thereol and of the
whole of the said originals, and lhat the said Po\,ver of Atlornoy has not been revoked and is now in full fo.ce and efiecl.
lN TESTIMONY WHEREOF, I have hereunto set my hand on this day, November 18, 2019
SEAt
r904
IY
+
A00436
lrene Martins, Assistant Secretary
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 -San Francisco )
On November 18,2 019 before me,Dara Touch, Notary Public
(insert name and title of the officer)
personally appea red Rachel Porter I
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) islare
subscribed to the within instrument and acknowledged to me that helshelthey executed the same in
his/hs#their authorized capacity(res| and that byJ4s76"r/their signature(s) on the instrument the
person(+l 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.
OARA
WITNESS my hand and official seal.Notary Public - Crlifornia
San Francisco County
Commission * 2159426
Comm Jul 9, 2020
Signature (Seal)