KB Home Coastal, Inc. Faithful Performance Bond TP29835-2 024252537Community Development Department
FAITHFUL PERFORMANCE BOND
FOR
LANDSCAPE AND IRRIGATION IMPROVEMENT AGREEMENT
CITY OF MENIFEE. STATE OF CALIFORNIA
(Government Code Section 66499.1 )
FOR LANDSCAPE:
1-Year of Maintenance $ 5Zr{93.50
Bond No; 024252537
Premium: $2 342.00
TracUParcel Map No. 2SA3S-Z & -4
Total Cost Estimate: $ 390,359,97 Other Prolect No PLN20-O3{4 Rumor
Lane HOA Stope
(Poc7)
The followinq to be comoleted bv the AoolicantSurety: Liberty Mutual lnsurance Company Principal: KB Home coastat, tnc
Address: 175 Berkeley Street AddreSS: 36310 tntand Va ey Drive
City/State: Boston MA Cityistate yvitdomarcA
Zip Code: 02116 Zip Code: 92s95
Phone: 617-357-9599 Phone: 714-604-8889
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-
0314). The principal agrees to install and maintain all landscape and any additional landscape materi-
als, related to PLN20-0314 (TTM29835-2 & -4), 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 Libertv Mutual Insurance Companv as surety, are held and firmly
bound unto the City of Menifee in the penal sum of THREE HUNDRED NINETY THOUSAND THREE
RED FIFTY NINE LLA INTY SEVEN CENTS 390 35 .97 lawful money of the
United States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, suc-
cessors, 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 remarn 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.
FAITHFUL PERFORMANCE BOND
FOR
RECREATION FACILITIES, LANDSCAPE AND IRRIGATION
IMPROVEMENT AGREEMENT
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, andit 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.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on May 2sth 2021
AUTHORTZED STGNATU RE(S) :
By:
ame.
Title
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY al lnsurance Company
AUTHORIZED SIGNATURE Brenda Wong, VP
tS rney-in-Fact Title
(rF coRPoRATrON, AFFrX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
Scoil Hangeni/,ce presidont, ncrwrrg pLrilU
ibert
NAME OF PRINCIPAL: KB Home coastat, tnc.
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
A notary public or other ofticer completing this certificate verifies only the identity of the individual
who signed the document, to which this ce(ificate is attached, and not the kuthfulness, accuracy,
or validity of that document.
County of Riverside
On ->\at,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/are subscribedto the within instrument and acknowledged to me that he/shelth€y
executed the same in his/herltheir authorized capacity(ies), and that by
his/he#the+ 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 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.
SHANNON L!EBS
Noltry PirbiC - Cairtornra
R /ets,ce Couitt
Conn,ss,fi . 220!l,l I
My Comm ErOresAug 10 2l]2l
[LTV\,,
(SEAL)
a.
State of California
Shannon Luebs
Viq_
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 Angeles
on MAY 262021 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-s u 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/thei+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 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)Signature
M.Gonzales,ary Public
Fh,li,i" li').8wdz
M 60NZArt5
Nolary Pub[( - California
LolAng(lcs Cou ly
Commilsion | 2211628
My Comm. Expker 0( 5,2021
'fhr%r,-,-/.*
Libertv
Mutudl.
This PowerofAttorney limlts the acts ol those named herein, and they have no authority to
bind the Company excopl in the manner and to the oxtent herein stated.
Libe(y Mutual lnsurance Company
The Ohio Casualty lnsuranc€ Company
West American lnsurance Company
cerllficare No 8204866SU RETY
POWER OF ATTORNEY
KNOWN ALL PERSoNS BY THESE PRESENTST That The ohio Casualty lnsurance Company is a corporaton duly oqanized under the laws of the Stale ol New Hampshire, thal
allol the city slale ol a rnla each individually iflherc be more lhan one named, its true and laMulattomey-injact to
puBuance of those presenb and shallbe as binding upon lhe Companies 6 rflhey have b€en duly sioned by the president and attested by the secrotary of ihe Companies in their
own proper persons.
lN WTNESS WHEREoF,lhis Power of Attomey has been subscribed by an authonzed omcer orofiicialofthe Compaoies and lhe corporale seals ofthe Companies have been afrixed
heroto lhis 15th day o, February, 2021.
Liberty L,{utual lnsuEnce Company
The ohio Casualty lnsurance Company
West Ame can lnsu[ance Company
By
Da\/id M Carey Assrstanl Secretary
S1AIE OF PENNSYLVANIA
COUNTY OF MONTGOMERY
ss
The ohio Casualty Company, and West Ame can lnsurance Company and llrat he, as sLrch, being autlroized so to do, execute lhe lorcgoing insbument lor the purposes therein
containgd by signinq on behal{ of the corporations by himself as a duly auhonzed oflicer
lN WTNESS WHEREOF,I have hereunto subscribed my name and afllxed my notarialsealal King ofPrussia, Pennsylvania, on lhe day and yearfirsl above wrillen.
By
Memb.r P.mrylvEnE AscElM o, tioLn6.Teresa Paslella, Notary Public
This Power ot Atomey is made and execlled pursuanl to and by auhonty of lhe tollowing 8y]aws and Authorizations of The ohio Casualty lnsurance Company, Lib€ny i,{utual
lnsurance Company and West American Insurance Company which resolutions are now intulllorce and effecl rcading as follows:
ARTICLE lV - OFFICERS: Se.tion J2. Porver of Atomey
Any otlicer or olher ollicial of lhe Cotpo6lion aulhorized for that p!ryose rn wnling by the Chaiman or lhe Presldent and subject to such limilaton as lhe Chaiman or tie
shall have lull poNer to bind the C orporation by their s8nafure and execution ol any such instruments and lo athch thereto he seal ot he CorpoEton Wien so execuled sudl
prcvisions of this arlicle may be revoked al any bme by the Board the Chairman.lhe Presidenl or by lhe offcer or dticersgranlino such povrer or authority
ARTICLE Xlll. ErocuUon ofContracts: Sectron 5. Surely Bonds and Undertakings
shall appoint such atlomeys-in-fact, as may be necessary lo acl in behalf ol lh9 Company to make, execule seal, acknowledge and deliver as surcly any and all unde akings,
the Company by thef signaturc and exerution of any such instrumenls and io atl&h lherclo lhe sealof the Company. When so executed such inslrumenls shallbe as binding
as ifsigned by the presidentand altested by the secretary.
lnlacl as may be necessary to acl on behalf of the Company to make, execute, seal. acknowledge and deliver as surety any and all ufldertakings, bonds, recognizances and other
s!rety obligations
ol the Company, wherever appearing upon a cerhfied copy o, any power of atlorney issued by the Company in connection uh surety bonds, shall be valid and binding lpon tie
Company with thesameforce and effecl as Ihqigh manually affired
do hercby certify lhat his power of attorney executed by said Companies is rn lullforce and elfect and has not been revoked.
lN TESTlft{OtlY WHEREoF, i have hereunto setmy hand and affixed lhe seals ol sard Companies thrs 25th day ol ltlay
Commonwedllh ot P€.nsylwnia - Not ry S*l
Tema P€sldE, l{,olary PlblL
Mdlgomery Counry
M, Mmililon.xprB. M8rch 28, 2025
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