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KB Home Coastal, Inc. Faithful Performance Bond TP29835-2 024252538Community Development Department FAITHFUL PERFORMANCE BOND FOR LANDSCAPE AND IRRIGATION IMPROVEMENT AGREEMENT CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) FOR LANDSCAPE Bond No: 024252538 Premium: $1,535 00 1-Year of Maintenance $ 3l,a48.OO TracUParcel Map No. 29935-2 Total Cost Estimate: $ 255,g0g.76 Other Project No PLN20-0283 Antelope Road HOA Slope (POGI ) The following to be completed bv the ApplicantSurety: Liberty Mutual lnsurance Company Principal: KB Home coastat, tnc Address: 175 Berketey Street Address: 36310 tntand Valey Drive City/State:go.1on 144 City/State Wtdomar cA Zip Code: 92116 Zip Code: 92595 Phone: 617-357-9500 Phone: 7'14-604-8889 WHEREAS, said principal is requtred 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 Libertv Mutual lnsurance company as surety, are held and firmly bound unto the City of Menifee in the pe nal sum of TWO HUNDRED FIFTY-FIVE THOUSAND EIGHT HUNDRED EIG HT DOLLARS AND SEVENTY SIX CENTS {$255.808.76)lav'rful 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 provrsions 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 ofthe 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. WHEREAS, the city of Menifee, State of california, and, KB Homes coastal, lnc., a california corporation, (hereinafter designated as "principal") have entered into, or are about to enter into, the at- tached agreement(s) whereby principal agrees to install and maintain all landscape, including any ad-ditional landscape materials, related to HOA Maintained Slopes (as shown on Exhibit L or PLN20- 0283). The principal agrees to install and maintain all landscape and any additional landscape materi- als, related to PLN20-0283 (TTM29835-2), which agreement(s) is/are hereby referred to and made apart hereof; and, FAITHFUL PERFORMANCE BOND FOR RECREATION FACILITIES, LANDSCAPE AND IRRIGATION IMPROVEMENT AGREEMENT lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on May 25th 2021 By Scott HarEen Vlce Presid€nt, FoFilard plannlrETitle , (IF CORPORATION, AFFIX SEAL) NAME OF SURETY al I rance Company AUTHORIZED SIGNATURE Brenda Wong. VP o ey-in-Fact Title (IF CORPORATION, AFFIX SEAL) Lr 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. NAME OF PRINCIPAL: KB Home coastat Inc. AUTHORIZED SIGNATURE(S): ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY{N.FACT. CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifles only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or valid of that document State of California County of Riverside on Sbrrbr before me,Shannon Luebs, Notary Public, personally appeared Scott Hansen, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/a+e subscribedto the within instrument and acknowledged to me that he/shelthey executed the same in his/h€r+their authorized capaci$(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) 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. *l-J.L SHANNOIJIUEBS Nolary Public - Cal,toriL, RlYerldeCo!il] Co.nn,ssoi.22093{4 My Comm ErgresAug t0 2021\ Shannon Luebs (SEAL) WITNESS my hand and official seal. I CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189 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 Los Aneeles on ttAY 26202t before me, M.Gonzales , Notarv Public, personally appeared Brenda Wong who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/a+e-su bscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/theirsignature(s) on the instrument the person(s), 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. WITNESS my hand and official seal. (sea l)S ignatu re L ,(L'r-rr-tr,u- rrr.c*rrr6r, [ot.@, Ut i. lq,,.kr:i{" l,a ill\sv M.60NZAtt5 Notary Public- CdhJo,nia L0r Ang!kr County Commir3ion | 2211628 My Comm. Expne Oct 5,2021 Libertv Mutudl. SURETY Thi6 Powerof Attorney limits theact6 ot those named herein, and thoy have no authority to bind the Company except in the manner and b he exlont herein stated. Liberty Mutual lnsurance Company The Ohio Casualty lnsurance Company Wesl American lnsurance Company Brenda Won Cenifcale No 8204866 POWER OF ATTORNEY KNoIYN ALL PERSoNS BY THESE PRESENTSI That The ohio Casualty lnsurance Company is a corporalion duly organized lnder lhe tas6 oi the Stale of New Hanpshire that all ol the city of individually rr lhere be more than one named, ils lrue and lawful attomey-injact to male erecut€, seal acknowledge and deliver, foa and on ib beh puGuance ol these presenb and shall be as binding upon the C own paoper persons alf as surety and as ils act and deed any and all undertakings, bonds recognizances and other surety c,bl€atons in ompanies 6 iflhey have been duly srgned by the president and attesled by the secretary ofthe Companies in thell lN WITNESS WIIEREOF, this Pou/er ofAltomey has been subsc bed by an authofzed olficer or oflcialof the Companies and the corpo[ate seals ol the Companies have been affir€d hereto this 1sth day of February, 2021 Lrberty ll,lulual lnsurance Company The ohio Casualty lnsurance Company Wesl American lnsurance Company David M Carey. Assistanl Searetary lN WITNESS WHEREOF, I have hercunto slbscribed my name and a{fixed my notaiatseatat Xing of Prussia. Pennsylvania. on lhe day and year first above wrinen stale ol a each By Member. P.nnsyrvBn6 Asc'aron or Noianes Teresa Pastella. Nolary Pubhc This Power of Atomoy rs made and executed puEuant loand by aulhonty ol thelollowing By-laws and Aulhonzalions ofThe Ohio Casualty lnsurance Company, Liberty l\,4utual lnsurance Company, and Wesl Amencan lnsutance Company which r€solulions are now in fullforce and effect reading as followsl ARTICLE lV- oFFICERS: Section 12. Power of Attomey. Any officer or otlter oficial of the Corporation autionzed tor that pu.pose m witing by the Chairman or lhe President, and sublecl to such linitatron as the Chaiman or he instrmenb shallbe as binding as if sqned by the President and atesled to by the Secretar. Any pouer or autho.ity granted to any rpresentative or attomey-injacl under lhe provisions ol this adicle may be revoked al anytme by tie Board tie Chaiman, the Presdent orby the orllcer or dticeEgranting such power orauthority. ARTICLE Xlll, Ex6cution of Contract!: Seclion 5 Surely Bonds and lJndertakings Any oflicer d the Company authonzed for lhal purpose in wrilrng by the chairman or he presidenl, and subjectlo such limitalrons as lhechairman or lhe president may pr€scdbe, shall appoint such atlomeys-in{acl, as may be necessary to act i0 behalt ol lhe Company to make execule seal, acknowledge and deliver as surely any and ali undertakings, he Company by therr signaiurc and erecuUon ol any such instrumants and lo attd lhereto the sealof the Company. When so executed such ingrumenls shall be as binding as if signed by lhe presidenl and attested by lie secretary infacl as may be necessaty lo act on behall of the Company lo make, erecule. seal acknowledge and deliver as surety any and all underlakings, bonds, recognrzances and other surcty ob|gations. ol lhe Company, wherever appearing upofl a cedified copy ol any power ol altorney issLred by lhe Company in connection wilfr surety bonds, shall be valid and binding upon lhe Company wilh thesame force and efiecl asthough manually aflixed. I Renee C. Llewellyn, the undersigned, Assistant Secrelary, oI Liberty Mulual lnsurance Company. The ohio Casualty lnsurance Company, and Wesl American lnsurance Company do hereby certity thal hrs power ol altornE exec(ed by said Companies rs inlulllo.ce and eflect and has nol been revoked lN TESTIIIoNY WHEREOF, I have hereunlo set my hand and aff xed the seals of sard Cornpan es thrs 25lh day of lvlay CdnmMslr' o, Fenr6rtvo.i! - Notrry Sal T6rE6. Pad6rla, tlot5ry ftbli. MonEDmory Coht My mmisdon oeiroG M€.ch 28,2025 Conobsbn numbr 112604.{ D,", /-fi/L F,A+ 19'12I 191 9 .{l 1991 \rlst, , o)o)co;qp6,oo) l- rtr6> EE.E EE aio6q)'g si,t;ii' o6hEEo.:c ol!paoc z6 uiE(l)o +e EE (l) (dl:d<lo<2c(Jv- q6 96<5 6!!}YON :oP.Qo!= zlI _(E6_el! o- 1912E 1919 19912 \NS Ma6h MSuEry POA LMIC OCrC WAIC Muln Co 022021 By Renee C Llewellyn. Assistant Secretary 2021 w ,/rr9 STATE 0F PENNSYLVANIA ss COUNTY OF MONTGOMERY 0n lhis 1slh day ofFebrar,2021, before me pelsonally ap peared David i,l CarE who ackno,,tledged himsell to be lhe Assistant Sec.etary ol Liberty Mutuallnsurance Company, The ohio Casualty Company, and West American lnsurance Company, and lhal he, as such. being aulhorized so to do, erecute the foregoing inslrument for the purpooes thereih contained by signing on behall of the conorations by himsetl as a duty aulhorized ofiicer. By: