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Forestar (USA) Real Estate Group, Inc. Faithful Performance Bond TR36852 SU1169975FAlTHFUL PERFORMANCE BOND FOR GRADING PROJECTS AND / OR EROSION CONTROL OR LANDSCAPE IMPROVEMENTS CIry OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) FOR GRADING: Grading/Drainage Erosion Control WQMP Tota I $727.OOO.00 Surety Arch lnsurance Companv 000.00 Parcel Map $ TR36852 357.000 00 Other Project No.$GP 20-o47 Bond No. SUl169975 Premium $2,181.00 $ $ $ Principal Address Forestar (USA)I Estate Grouo, lnc 2221 E Lamar Blvd, Suite 790 City/State cit NJ City/State Arlinoton. TX Zip code 073111 ztp 76006 Phone (201) 743-4000 WHEREAS, the City Council of the City of Menifee, State of California,and Forestar (USA) Real Estate Grouo. lnc (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 (Parcel Map) TR36852 , which agreement(s), date 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 Arch lnsurance Companv , as surety, are held and firmly bound unto the City of Menifee in the penal sum of Seven Hundred Twenty Seven Thousand and no/l00, Dollars ($ 727.000.00 ) 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 condrtion 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(s) 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 of Menifee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. =t NIFEEME Address Harborside 3. 210 Hudson Skeet, Suite 3OO Phone (817) 769-1867 9/8t15 FAITHFUL PERFORMANCE BOND FOR GRADING PROJECTSAND OR/EROSION CONTROL OR LANDSCAPE IMPROVEMENTS The surety hereby stipulates and agrees that no change, extension of time, alteration oraddition to the terms of the agreement(s) 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 to the terms of the agreement(s) or to the work or to the specifications. Surety further stipulates and agrees that the provisions of Section 2845 ot 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(s) is complete, the City of Menifee will accept the work and thereupon, the amount of the obligation of this bond is be released. lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, onApril 1,2021. NAME OF PRINCIPAL: Forestar (USA) Real Estate Group, tnc AUTHORTZED STGNATURE(S): By NAME OF SURETY: Arch lnsurance Comoanv AUTHORIZED SIGNATURE: Kathryn r, I E4D (lF coRPoRATtON, AFFTX SEAL) rney-in-Fact Title (rF coRPoRATrON, AFFTX SEAL) Name'. QAr',Du Title: CED ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT. 9t8t1,s MENIFEE r---.; NO'!'ARY A('KNOWt,EDGMENT OF SIIRE'I'Y: State ofConnecticut County of Hartford ss. On this the_lgl_day ot___AI!|_, 20 21 , before me, Bryan Caneschi , the undcrsi gncd offi cer, pcrsonally appearcd Kathrvn Prvor . known to me (or satisfactorily proven) to be the person whose name is subscribed as Attomey-ln-Factfor Arch lnsurance Companv _, and acknowledged that s/he executed the same as the act of his/her principal for the purposes therein containcd ln witness whereof I hereunto set my hand. Signature of Notary Public Date Commission Expires: November 30, 2025 Eryc.Llalcsshl Printed Name of Notary & rrxlfI,,:il7??,?;,,My uormi^ioo Erpjf€s llov 30, z0ei 9ZOZ-O]-ZO ttt rroca-teltatc I totlmr a trul. rMrYr0IetcBcg elquBct@ (ty:s pue) SUNIVNEIS .IVfS IVICIIIO ONV ONVH At/I SSSNIIM .I.3fUUOC ONV 3NUl. SI HdVUEVUVd ENIOE3UOI f HI IVHI SVXSI JO fIVIS 3HJ. 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