Forestar (USA) Real Estate Group, Inc. Material and Labor Bond TR36852 80042854:lt-R^MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
FOR: Streets and Drainage $711 250 0
Water System $
Sewer System $
250.00
250.00
Surety Atlantic Soecialtv lnsurance Comoanv
Address 605 Hio
City/State Plvmouth. MN
above designated publ
dated
hwav 169 North.uite 800
/State: Arlinqton. TX
Zip code 55441 76006
Phone (952) 852-2431
WHEREAS, the City Council of the City of Menifee, State of California, and Forestar (USA)
Real Estate Grou p, 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
City
zip:
ic improvements relating to TR 36852 / lP20-024, which agreement(s),, is/are hereby referred to and made a part hereof; and,
wHEREAS, under the terms of said agreement(s), principal is required, before entering uponthe performance of the work, to file a good and sufficient payment bond with the city of
Menifee to secure the claims to which reference is made in Title 3 (commencing with Section
9000) of Part 6 of Division 4 of the Civil Code of the State of California;
NOW, THEREFORE, said principal and the undersigned, as corporate surety, are firmly
bound unto the City of Menifee and all contractors, subcontractors, laborers, material
suppliers, and other persons employed in the performance of the agreement(s) and referred
to Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sumof Seven Hundred Fourteen Thousand Seven H undred Fiftv and 00/100 Dollars
714 750.00 for materials furnished or labor thereon of any kind, or for amounts due under
the Unemployment lnsurance Act with respect to such work or labor, that said surety will pay
the same in an amount not exceeding the amount hereinabove set forth, and also in case suitis brought upon this bond, will pay, in addition to the face amount thereof, costs and
reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of
Menifee in successfully enforcing such obligation, to be awarded and fixed by the court, and
to be taxed as costs and to be included in the judgment therein rendered.
It is hereby expressly stipulated and agreed upon that this bond shall inure to the benefit of
any and all persons, companies and corporations entitled to file claims under Title 3
(commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right
of action to them or their assigns in any suit brought upon this bond.
Should the condition of this bond be fully performed, then this obligation shall become null
and void; othenarise, it shall be and remain in full force and effect.
TracVParcel Map TR 36852/1P20-024
Bond No. 800042854
Premium lncluded on Performance Bond
Principal: Forestar (USA) Real Estate Group. Inc.
Address: 2221 E. Lamar Blvd Suite 790
Phone: (817) 769-1867
MATERIAL AND LABOR BOND
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 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 are
not a condition 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 6,2021.
NAME OF PRINCIPAL: Foresta r(USA) Real Estate G rouo, lnc.
AUTHORTZED STGNATURE(S):
By
Name:c.-^ i4-l cr-\of-
Title: Cc,3
(lF coRPoRATtON, AFFTX SEAL)
NAME OF SURETY: Atlantic S ecra Itv lnsurance Comoanvo
z1AUTHORIZED SIGNATURE:
Noah William Pierce, Attorney-ln-Fact
(rF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
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STATE OF North Carolina
COUNTY OF Mecklenburo to wit
l, Catherine Thompson, a Notary Public in and for the State and County aforesaad, do hereby certify
that Noah Wlliam Pierce, whose name is signed to the foregoing bond thas day personally,
appeared before me in my said State and County aforesaid and acknowledged the same.
Given under my hand this 611 day ot . 2021 ./
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