Forestar (USA) Real Estate Group, Inc. Faithful Performance Bond PM13757 US00109946SU21AFA!THFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE ]MPROVEMENTS
CIry OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR GRADING:
Grading/Drainage
Erosion Control
WQMP
Tota I
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$
$
62 500.00 Parcel Map $ APN 364-070-034. PM13757
102,000.00 Other Project No.$GP21-O35
Bond No. US00109946SU21A
Premium $535.0014500.00
Surety XL Soecialtv lnsurance Companv
Address 70 Seaview Avenue
City/State: Arlinqton. TX
zip code 06902 Zip 76006
Phone (203) 964-5200 Phone: (817) 769-1 867
WHEREAS, the City Council of the City of Menifee, State of California, and Forestar (USA) Real
Estate Group, lnc.(hereinafter designated as "principal") have entered into, or are about lo enter into,
the attached agreement(s) whereby principal agrees to install and complete the above designated
grading project, related to (Parcel Map)APN 364-070-034. PM 13757 Borrow Site for TR36852
which agreement(s), dated , 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 XL Specialtv lnsurance Companv, as surety, are held
and firmly bound unto the City of Menifee in the penal sum of One Hundred Sixtv Four Thousand
Five Hundred and no/100, Dollars ($164,500.00 ) lav'dul 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 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 rn 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.
9/8/15
City/State Stamford, CT
Principal: Forestar (USA) Real Estate Group. lnc.
Address: 2221 E. Lamar Blvd Suite 790
?t^Sf,i .FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION CONTROL
OR LANOSCAPE IMPROVEMENTS
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition 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 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(s) is complete, the Clty 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, on May 26,2021 .
NAME OF PRINCIPAL: Forestar (USA)Real Estate Group. lnc
AUTHORTZED STGNATURE(S):
By:
N Jo..--.r:E). Atla{te
NAME OF SURETY: XL Soecialtv lnsuran ce Comoanv
dJ^i-(-+ F'n-^.io-1 o4fi cer-
(tF coRPoRATrON, AFFIX SEAL)
t/*at-AUTHORIZED SIGNATURE:
Noah William Pierce, lts Attorney-in-Fact
(rF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATU RES OF PRINCIPAL AhID
ATTORNEY.IN.FACT.
9/8/15
STATE OF North Carolina
COUNTY OF Mecklenburo to wit:
l, Catherine Thomoson, a Notary Public in and for the State and County aforesaid, do hereby certify
that Noah William Pierce, whose name is signed to the foregoing bond this day personally,
appeared before me in my said State and County aforesaid and acknowledged the same.
Given under my hand this 1Cl day of /lav 2021
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