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
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