2020/02/26 Pulte Home Company, LLC Model Home Complex Agreement for Tract Map No. 31822-2 Hacienda and MajesticM E N I F E E 29844 Braun Road I Menifee, CA 92586
951-672.6777 ; Fax 951.679-3843
New. Better. Best. eityafinenifee.us
Model Home Complex Agreement for
Tract Map No. 31822-2 "Hacienda and Majestic"
This agreement ("Agreement") is made this ZG day of 'FMWR-. 2020, by and between the
City of Menifee ("City") and Pulte Homes Corporation, a California Corporation, ("Developer")
(collectively the "Parties") in exchange for good and valuable consideration receipt of which is
hereby acknowledged.
City agrees to issue Building Permits for a model home complex and associated facilities (the
"Model Home Complex") as set forth on Exhibit L to this Agreement, on property located as Lots 2-7,
within Tract No. 31822-2 (the "Tract" or "Tract Map") upon completion of the terms and conditions
set forth in this Agreement. The Tract is presently zoned Audie Murphy Ranch Specific Plan No.
209, Planning Area 6 (Medium Density Residential). The Property's land use designation under the
General Plan is Audie Murphy Ranch Specific Plan No. 209, Planning Area 6 (Medium Density
Residential). Such zoning and General Plan designation allows the construction and sale of
individual single-family dwellings, one per recorded lot, with City approval and recordation of a Tract
Map as provided under the State of California Subdivision Map Act. Developer has requested
approval to construct four (4) model homes and associated facilities within the Model Home
Complex for the display of home product types and the sale of homes ("Sales Office") in the Tract.
Because the Model Home Complex will contain dwellings that possess atypical features from those
of a standard home, such as office accommodations, storefront windows instead of garage door,
trap fencing, grass in lieu of a finished driveway, the City agrees to allow construction and operation
of such atypical features under this Agreement, for a period not to exceed three (3) years unless,
extended in writing as provided herein and subject to the requirements and stipulations set forth in
this Agreement.
It is understood and agreed that all physical public infrastructure improvements required for the safe
ingress and egress to the Model Home Complex from existing, improved and accepted public rights -
of -way shall be in place to the satisfaction of the City's Engineering Department, regardless of
whether such improvements have been finally approved and accepted by the City prior to opening
the Model Home Complex to the public. Developer shall ensure the physical safety of
customers/clients that may visit the Model Home Complex approved under this Agreement. While
phasing of development shall be allowed, each phase must be approved by the City and constructed
in such a manner as to ensure the safety of customers/clients, as well as new home owners and all
construction shall be in compliance with all state and federal regulations, including without limitation,
compliance with the Americans with Disabilities Act.
Developer agrees to remove, amend, modify or reconstruct, or cause the removal, amendment,
modification or reconstruction of the individual dwellings within the Model Home Complex to the level
and degree necessary to ensure that such structures are clearly identifiable as a typical home within
the surrounding neighborhood of the dwelling units upon full occupancy (less the model homes), but
in no case more than sixty (60) days from the close of escrow of the final (production) dwelling sold
by Developer within Tract No. 31822-2, unless otherwise agreed to in writing by the City. At a
minimum, Developer shall remove any trap fencing, all signage or other displays, attraction or
directional devices used to direct individuals to the Model Home Complex, remove any parking
surface utilized as a parking lot for the Model Home Complex, remove, modify, or reconstruct the
sales office to a standard garage, infill any access ways within or through block walls or fences to
Model Home Complex Agreement for Tract No. TR31822-2 (Hacienda and Majestic)
the Model Home Complex, remove any landscaping/associated irrigation, install City required
driveway surfaces where needed, and remove all other ancillary items atypical of a single-family
residential dwelling.
The above -noted removal, amendment, modification or reconstruction of the individual dwellings
within the Model Home Complex shall be completed within sixty (60) days from the close of escrow
of the final dwelling (less the model homes) within the approved Tract, or by the close of escrow of
any dwelling within the Model Home Complex, whichever comes first, unless otherwise mutually
agreed in writing by and between the City and Developer. In no case, however, shall the
modifications agreed to under this Agreement remain in place beyond three (3) years from the date
of this Agreement, unless otherwise extended by mutual agreement of the Parties in writing.
The location of the dwellings subject to this Model Home Complex Agreement is lot specific and the
approvals granted herein shall not be transferable between lots. This limitation, however, does not
preclude the City and property owner from amending this Agreement, in writing, to establish
alternative location(s) for the Model Home Complex, or individual dwellings within a Model Home
Complex.
A surety, in a form acceptable to the City Manager of the City of Menifee, is herewith provided in a
sum as detailed below for the express purpose of the removal/modifications/reconstruction of the
Model Home Complex as detailed below, shall be provided prior to and as an integral part of
entering into this Agreement. Developer shall notify City of completion of any
removal/modification/reconstruction undertaken pursuant to the terms of this Agreement and City
shall inspect and review the Model Home Complex within thirty (30) days of receipt of such
notification. If the City determines and is satisfied that Developer has removed, amended, modified
or reconstructed, or caused the removal, amendment, modification or reconstruction of the individual
dwellings within the Model Home Complex to the level and degree necessary to ensure that such
structures are clearly identifiable as typical homes within the surrounding neighborhood of the
dwelling units, any surety, cash deposit or release of bonds in the possession of the City directly
associated with the individual dwellings within the Model Home Complex following such removal,
amendment, modification or reconstruction shall be returned to the undersigned within thirty (30)
days of the written notification by the property owner or his/her representative of the completion of
such work.
If the property owner, or a representative, or agent thereof, fails to remove, amend, modify or
reconstruct, or cause the removal, amendment, modification or reconstruction of the individual
dwellings within the Model Home Complex to the satisfaction of the City, the undersigned authorizes
the City, its employees, representatives or agents, to enter the property, physically remove, amend,
modify or reconstruct, the dwellings within the Model Home Complex to a level and degree
necessary to ensure compliance with the terms of this Agreement. Any and all costs incurred by the
City, including any fees from agencies other than the City, including attorney fees, for said removal,
amendment, modification or reconstruction shall be deducted from the surety noted above and
written notice thereof provided to the property owner. Any costs incurred by the City in excess of the
surety established herein and on file with the City shall be reimbursed to the City within thirty (30)
days of the written notification to the property owner of the completion of such work. Neither a
Certificate of Occupancy nor Final Inspection shall be issued or conducted upon the dwellings
subject to this Model Home Complex Agreement until such reimbursement has been provided to the
City. Any excess surety, cash deposit or release of bonds still in the position of the City following
any removal, amendment, modification or reconstruction of the above noted dwellings shall be
returned to the undersigned within thirty (30) days of the completion of such work.
Page 2 of 4
Model Home Complex Agreement for Tract No. TR31822-2 (Hacienda and Majestic)
No Certificate of Occupancy or Final Inspection shall be requested or granted for any individual
dwelling subject to this Model Home Complex Agreement prior to the conversion of the dwellings
within the Model Home Complex until such time as the dwellings are removed, amended, modified
or reconstructed, as identified herein. A temporary Certificate of Occupancy may be issued to allow
the furnishing, preparation of work for display, display and use as office space of the Model Homes
to potential buyers.
The Developer shall indemnify, protect, defend and hold harmless, the City and any agency or
instrumentality thereof, and/or any of its officers, employees and agents from any and all claims,
actions, demands and liabilities arising or alleged to arise as the result of the applicant's
performance or failure to perform under this agreement, or from any proceedings against or brought
against the City, or any agency or instrumentality thereof, or any of their officers, employees and
agents, to attack, set aside, void, annul, or seek monetary damages resulting from an action by the
City, or any agency or instrumentality thereof, advisory agency, appeal board or legislative body
including actions approved by the voters of the City, concerning this agreement.
In compliance with the above, the Developer shall reimburse the City, its agents, officers or
employees for any judgment, court costs and attorney's fees which the City, its agents, officers or
employees may be required to pay as a result of such action. The City may, in its sole discretion,
participate at its own expense in the defense of any such action, but such participation shall not
relieve the undersigned of its obligations under this requirement.
This agreement is in reference to the lots and dwellings constructed thereon, listed below within
Tract No. 31822-2:
Lot 2 — Plan H3 "Craftsman"
Lot 3 — Plan H2 "Spanish"
Lot 4 — Temporary Parking Lot
Lot 5 — Temporary Parking Lot
Lot 6 — Plan M1 "Spanish"
Lot 7 — Plan M3 "Prairie"
Itemized list of removal, amendment, modification or reconstruction required by this Agreement and
associated anticipated costs for surety purposes:
1. Removal of Sales Office(s) and Restroom; $15,000.00
2. Removal of parking lot, concrete walk, landscape and irrigation; $10,000.00
3. Removal of all model home signage; $500.00
4. Removal of remaining ancillary items of Model Home Complex (trap fencing, curbs, etc); $2,500.00
Total: 28 000.00
This Agreement represents the full and entire agreement of the parties and shall be effective as of
the date first set forth above.
Page 3 of 4
Model Home Complex Agreement for Tract No. TR31822-2 (Hacienda and Majestic)
Pulte Homes Corporation, a California
("Developer")
9
Dated: By -
(Signat or President or other Category 1 Officer)
Dated:
By
SOHAIL 80KHAR1
PULTE HOME COMPAW LLC
(Print Name) Planning & Entitlements
(Title)
(Signature for Secretary or other Category 2 Officer)
(Print Name)
(Title)
CITY OF MENIFEE
("City")
0&446N,-;�7
Dated: By
Cheryl Kftoow
Comm urW Development Director
Approved as to Form:
Jeffrey T. Melching
City Attorney
Page 4 of 4
�Community Development Department
FAITHFUL PERFORMANCE BOND
FOR
MODEL HOME COMPLEX
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
TRACT/PARCEL MAP: TR 31822-2
BOND NO 30091725
OTHER PROJECT NO: PP PLN19-0075
PROJECT NAME: HACIENDA AND MAJESTIC BOND NO:
BOND AMOUNT:
SuretyThe Continental Insurance q2M ny Principal: Pulte Home Company, LLC
Address: 801Warrenville Rd.. Ste 700 Address: 27401 Los Altos Suite 400
Ci /StatelZi : Lisle iL 60532 Cit /State/ Zip Mission Viejo CA 92691
Phone: 630-719-6342 Phone: 94.9-330-8521
WHEREAS, the City of Menifee, State of California, and,
(hereinafter designated as "principal") have entered into, or are about to enter into, the attached Model
Home Complex agreement whereby principal agrees to remove and refurbish the above designated
plot plan, related to (Tract/Parcel) TR 31822-2 , 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 The Continental Insurance Ca=Rany, as surety, are
held and firmly bound unto the City of Menifee in the penal sum of Twenty -Eight -Thousand Dollars
and No Cents [$28,000.00� lawful 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 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 in successfully enforcing such obligation, all to be taxed as costs and included in
any judgment rendered.
NiP
FAITHFUL PERFORMANCE BOND
FOR
MODEL HOME 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, 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.
IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on Februar 13 2020
NAME OF PRINCIPAL: Pulte _Home Company, LLC
AUTHORIZED SIGNATURE(S):
By:
rile: regory S . Rives
Itie' Assistant Treasurer
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: The Continental Insurance Company
AUTHORIZED SIGNATURE:
Attorney -in -Fact Jean Marusak Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY -IN -FACT.
POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY -IN -FACT
Xnow All Men By These Presents, That The Continental Insurance Company, a Pennsylvania insurance company, is a duly organized and existing
insurance company having its principal office in the City of Chicago, and State of Illinois, and that it does by virtue of the signature and seal herein
affixed hereby make, constitute and appoint
D. Bryce Langen, James Zeumer, James Ossowski, Brien O'Meara, Kelly Yoakam, Kim Hill, Ross Irwin, Jean Marusak,
Ellen Padesky Maturen, Gregory S. Rives, Individually
of Bloomfield Hills, MI, its true and lawful Attorney(s)-in-Fact with full power and authority hereby conferred to sign, seal and execute for and on its
behalf bonds, undertakings and other obligatory instruments of similar nature
- In an amount not to exceed Eight Million and no/100 Dollars ($8,000,000.00) -
and to bind them thereby as fully and to the same extent as if such instruments were signed by a duly authorized officer of the insurance company and all
the acts of said Attorney, pursuant to the authority hereby given is hereby ratified and confirmed.
This Power of Attorney is made and executed pursuant to and by authority of the By -Law and Resolutions, printed on the reverse hereof, duly
adopted, as indicated, by the Board of Directors of the insurance company.
In Witness Whereof, The Continental Insurance Company has caused these presents to be signed by its Vice President and its corporate seal to be
hereto affixed on this 7th day of August, 2019.
The Continental Insurance Company
Paul F Brt tat Vice President
State of South Dakota, County of Minnehaha, ss:
On this 7th day of August, 2019, before me personally came Paul T. Bruflat to me known, who, being by me duly sworn, did depose and say: that
he resides in the City of Sioux Falls, State of South Dakota; that he is a Vice President of The Continental Insurance Company, a Pennsylvania insurance
company, described in and which executed the above instrument; that he knows the seal of said insurance company; that the seal affixed to the said
instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said insurance company and that he
signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said insurance company.
J. MOHR
�eiorv�r r�
stwniaa�cnu�
My Commission Expires June 23, 2021 J. Mohr Notary Public
CERTIFICATE
I, D. Johnson, Assistant Secretary of The Continental Insurance Company, a Pennsylvania insurance company, do hereby certify that the Power of
Attorney herein above set forth is still in force, and further certify that the By -Law and Resolution of the Board of Directors of the insurance company
printed on the reverse hereof is still in forc ° In testimony whereof I have hereunto subscribed my name and affixed the seal of the said insurance
company this / .3''t day of r omt !j 2020
IN S& .•• The Continental Insurance Company
:p3 r
•••�'•�"'•' D. Johnson Assistant Secretary
Form F6850-4/2012
Go to www.cnasurety.com > Owner / Obligee Services > Validate Bond Coverage, if you want to verify bond authenticity.
ACKNOWLEDGEMENT BY SURETY
STATE OF GEORGIA)
) SS.
COUNTY OF FUL TON)
This record was acknowledged before me on February 13, 2020,
Jean Marusak, as Attorney -in -Fact of The Continental Insurance
Company, who provided to me on the basis of satisfactory
evidence to be the person who appeared before me and is
personally known to me.
WITNESS my hand and official seal.
SHIRLEY E HUTCHINS
Notary Public - State d Georgia
Fulton County
t.ly Commission Expires Mar 18, 2022
1
ignature o Notary Public
Shirley E. Hutchins
Notary Public State of Georgia
My Commission Expires: March 18, 2022
ACKNOWLEDGEMENT BY PRINCIPAL
STATE OF GEORG/A)
) SS.
COUNTY OF FUL TON)
This record was acknowledged before me on February 13, 2020,
appeared Gregory S. Rives, Assistant Treasurer of Pulte Home Company,
LLC, provided to me on the basis of satisfactory evidence to be the
person who appeared before me and is personally known to me.
WITNESS my hand official seal.
r-• •Public
Shirley E. Hutchins
Notary Public State of Georgia
My Commission Expires: March 18, 2022
SHIRLEY E HUTCHINS
Notary Public - Stale of Georgia
Fulton County
E
Commission Expires Mar 18, 2022
CERTIFIED COPY OF RESOLUTIONS
OF THE BOARD OF MANAGERS OF
PULTE HOME COMPANY, LLC
I, KellyMarie M. Conlon, hereby certify, that I am a duly elected and acting Assistant Secretary of Pulte Home Company,
LLC, a limited liability company authorized and existing under the laws of the State of Michigan (the "Company"); that below is
a true copy of the resolutions adopted by unanimous written consent by the Board of Managers of the Company on January 2,
2017, in accordance with the provisions of the Business Corporation Act of 1972 of the State of Michigan; and that such
resolutions have not been rescinded or modified, and do not contravene any provisions of the Articles of Incorporation or
Bylaws of said Company:
WHEREAS, Sohail Bokhari is Director of Land Planning and Entitlement in the West Area in the Southern California
Division; and,
WHEREAS, the current Signing Power Resolutions as approved on January 1, 2017 ("Signing Power Resolutions"),
do not grant signatory authority under Section I. General Development to the title of Director of Land Planning and Entitlement;
and,
Bokhari. WHEREAS, the West Area would like to grant signatory authority for Section I. General Development to Sohail
THEREFORE, RESOLVED, effective January 2, 2017, Sohail Bokhari in his capacity as Director of Land Planning
and Entitlement is hereby granted the signatory authority as defined in Section I. General Development as delineated in
the current Signing Power Resolutions attached hereto as Exhibit A; and,
FURTHER RESOLVED, that any actions heretofore taken by the aforementioned person in his respective capacity
as such are hereby approved, ratified, and confirmed in all respects.
IN WITNESS WHEREOF, I have hereto set my hand this 25t' day of April, 2017.
KellyMarie M. Conlon, Assistant Secretary
STATE OF GEORGIA )
}
COUNTY OF FULTON )
On April 25, 2017, before me, Elizabeth Ann Williams, a Notary Public in and for said State, personally appeared KellyMarie
M. Conlon, personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to
me that she executed the same in her authorized capacity, and that by her signature on the instrument the entity upon behalf
of which the person acted, executed the instrument.
WITNESS my hand and official seal.
(seal) ELIZANWAU MIILLIAMS
GoofyNOW Pd*
no M I MIA
My commission expires: November 11, 2018 MyCtrrnreISI IRMru Nov 11, 2018
EXHIBIT A
PULTE HOME COMPANY, LLC
SIGNING POWER RESOLUTIONS
A. DEFINITIONS.
As used in these resolutions:
"signingi2ower" means the power and authority to execute and deliver an agreement, instrument
or other document.
"General Signing Power" means signing power relating to the ordinary course of business of
PULTE HOME COMPANY, LLC (the "Company") generally, without restriction to a particular Division
or project, both in the Company's own capacity and in any instances where it is the managing partner or
managing member of a joint venture (the "Partnership").
"Division Specific Signing Power" means signing power relating only to the ordinary course of
business of a Division over which the officer, manager, or employee in question has management
responsibility, both in the Company's own capacity and as managing partner or managing member of the
Partnership.
B. PURPOSE.
The purpose of these resolutions is to establish the signing power of certain employees of the
Company, both in the Company's own capacity and as managing partner or managing member of the
Partnership. Copies of these resolutions may be delivered to title companies and other parties who
require evidence of the signing power of an employee. No employee of the Company may subdelegate
his or her signing power except as expressly provided in these resolutions by use of the words: "Other
title(s) or person(s) designated in writing by ......
C. RESOLUTIONS.
RESOLVED, that the following officers, managers, or employees of the Company shall have the
General Signing Power or the Division Specific Signing Power, as indicated in the charts below:
EXHIBIT A
Development of )Real Pr Jterty
1. General Development. Applications, tentative and final subdivision plats and maps,
development agreements, land development agreements, amenity contractor agreements
and all other documents that are relevant or incident to the development of real property
in which the Company or the Partnership has any interest, other than documents
contemplated in part VI below:
General Signing Power
Division Specific
Signing Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Area VP Land
Executive Vice President
Division President
Senior Vice President
Division VP/Director Finance
Vice President
Division VP/Director of Land
Development/Acquisition
House Construction Agreements. Contractor agreements, construction agreements,
contracts, purchase orders, pricing schedules, scopes of work and all other documents
that are relevant or incident to the construction of residential homes and amenities thereto
in which the Company or the Partnership has any interest, other than documents
contemplated in the paragraph immediately above this one:
General Signing Power
Division Specific
SigningSigWqg Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
Area VP Construction Operations
President
Executive Vice President
Area Purchasing Director
Senior Vice President
Division President
Vice President
Division VP/Director Finance
Division VP/Director of
Construction Operations
Division Purchasing
Director/Manager
Page 2 of 7
EXHIBIT A
Storm Water Mane ement
Il. Notices of intent, notices of termination, storm water pollution prevention plans, reports,
certifications or other documentation that is relevant or incident to storm water
management and erosion control in the development of real property and/or construction
of homes in which the Company or the Partnership has any interest.
General Signing Power
Division Specific
Signing Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Area VP Land
Executive Vice President
Division President
Senior Vice President
Division VP/Director Finance
Vice President
Division VP/Director of Land
Development/Acquisition
Division Storm Water Compliance
Representative
Sale and Closing of Residential Homes or Lots
III. Contracts for the sale of residential homes or lots to consumers (not to another business).
General Signing Power
Division Specific
Signing Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Division President
Executive Vice President
Division VP/Director Finance
Senior Vice President
Division Controller
Vice President
Division VP of Sales
General Sales Manager
Closing/Homebuyer Coordinator
Any of the following employees of
either Pulte Mortgage LLC: Vice
President, Branch Manager and
Assistant Secretary
Page 3 of 7
EXHIBIT A
Any of the following employees of
either Sun City Title Agency, Inc.
or PGP Title, Inc. or PGP Title of
Florida, Inc.: Vice President,
Escrow Manager, Escrow
Supervisor, Director -Closing
Services, and Title Officer
Other title(s) or person(s)
designated in writing by either the
Area President or Area VP Finance
IV. Deeds of conveyance and all other documents that are relevant or incident to the sale and
closing of residential homes or lots to consumers (not to another business), including any
mortgage -related documents, such as buydown agreements or other relevant documents.
Genera! Signing Power
Division Specific
Si ning Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Division President
Executive Vice President
Division VP/Director Finance
Senior Vice President
Division Controller
Vice President
Division VP of Sales
General Sales Manager
Closing/Homebuyer Coordinator
Any of the following employees of
either Pulte Mortgage LLC: Vice
President and Branch Manager
Any of the following employees of
either Sun City Title Agency, Inc.
or PGP Title, Inc. or PGP Title of
Florida, Inc.: Vice President,
Escrow Manager, Escrow
Supervisor, Director -Closing
Services, and Title Officer
Other title(s) or person(s)
designated in writing by either the
Area President or Area VP Finance
Page 4of7
EXHIBIT A
Closing of the Purchase and. Sale of Real Property
V. Contracts, deeds and all other closing documents for the purchase or sale of real property
(other than the sale and closing of residential homes or lots to consumers).
Genera! Signing Power
Division SpecificSi
Wing Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Area VP Land
Executive Vice President
Division President
Senior Vice President
Division VP/Director of Finance
and General Counsel
Other title(s) or
Division VP of Land
person(s) designated in
Development/Acquisition
writing by resolution(s)
of the Board of Directors
Real Proper Financing and Land Banlcin 'Transactions
VI. Documents related to any of the following real property financings and land banking
transactions:
a. Traditional Financing. Loan agreements, security agreements, promissory notes, deeds of
trust and all other documents that are relevant or incident to the financing of the purchase
and/or development of real property.
b. Special Taxing District Financing. Loan agreements, security agreements, promissory
notes, deeds of trust and all other documents under which the Company or the
Partnership is a party that are relevant or incident to a Special Taxing District Financing
(defined below), other than documents contemplated in Guarantees and Environmental
Indemnities.
"Special Taxing District Financing" means a financing through the issuance of bonds by
a community development district, community facilities district, municipal utility district,
county or municipal improvement district, tax incremental district or other similar special
purpose unit of local government.
c. Guarantees and Environmental Indemnities. Guarantees of payment or performance of
the obligations of another entity (whether in the form of a payment guaranty, indemnity
or other document), maintenance or remargining guarantees and environmental
indemnities in connection with development financing.
Page 5 of 7
EXHIBIT A
d. Land Banking Transactions. Assignments of contracts to purchase real property, options
to purchase real property, development agreements and other documents evidencing
arrangements with an intermediary, such as a land banker, to purchase or develop real
property.
I
General Signing Power Division Specific
,Sin ►r i►r ,, Power
Chief Financial Officer of
the publicly traded ultimate
Treasurer of the publicly
traded ultimate parent
Licenses
VII. Documents necessary to obtain licenses and department of real estate public reports or
similar documents in California and other states (such as, without limitation, Arizona and
Nevada).
General Signing Power
Division Specific
Signing Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Area VP Land
Executive Vice President
Division President
Senior Vice President
Division VP/Director of Finance
Vice President
Division VP/Director Sales
Division VP of Construction
O erations
Area VP/Division VP/Director Land
Acquisition/Development
Page 6 of 7
EXHIBIT A
CC&1s
VIII. Restrictive covenants, conditions, restrictions, easements and other similar rights or
restrictions, commonly known as CC&Rs, affecting real property or improvements on
real property, and documents relating to CC&Rs, such as the organizational documents
for the related homeowners' or property owners' association.
General Signing Power
Division Specific
Si nin« Power
Chairman of the Board
Area President
Chief Executive Officer
Area VP Finance
President
Area VP Land
Executive Vice PresidentlAcquisition/Developrnent
Division President
Senior Vice President
Division VP/Director
Finance
Vice President
Division VP/Director Land
RESOLVED FURTHER, that all lawful acts specifically described in the immediately preceding
resolution, undertaken prior to the adoption of these resolutions, in the Company's own capacity or as
managing partner or managing member of the Partnership, are hereby ratified, confirmed and adopted by
the Company.
RESOLVED FURTHER, that any Signing Power Resolutions or Powers of Attorney and Grants
of Agency previously issued or adopted by the Company are hereby terminated, revoked and superseded
in their entirety by these resolutions.
Effective as of January 1, 2017.
Page 7 of 7