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Scott Road Partners, LLC Faithful Performance Bond PLN21-0216 CMS0344793Comm unity Development Department FAITHFUL PERFORMANCE BOND FOR LANDSCAPE AND IRRIGATION IMPROVEMENT AGREEIUENT CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) FOR LANDSCAPE: 1-Year of Maintenance TracUParcel Map No. Total Cost Estimate: t 2i!7$17.OO Project No.PLN2I.O216 - COMMERCE POINTE LANDSCAPE PLAN The followinq to be comDleled bv the Applicant: Surety: RLI lnsurance Company Principal: Scott Road Partners LLC Address. 801 S Figueroa St., Suite 900 Address: 24 Corporate Plaza, Suite .l 00 City/State: lqs f,6geles, CA City/State Newport Beach, CA Zip Code: 90017 Zip Code: 92660 Phone: (2'13) 787-2035 Phone: (949) 706-80Ss Bond No. CMSO344793 WIEREAS, the City of Menifee, State of Califomia, and,Scott Road Partners LLC (hereinafter desi gnaled as "principal") have entered into, or are about to enter into, the attached agreement(s) wfiereby principal agrees to install and maintain all landscape, including any additional landscape materials, related to on.site landscape and inigation located on the northwest comer of Ciccotti Street and Bailey Park Boulevard, APN 384-180-052 (as shown on Exhibit L or Plot Plan PLN21-0216), which sgreement(s) is/are hereby refened to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement(s) to fumish bond(s) for the faithful performance of said agreement(s); NOW THEREFORE, wethe principal and RLI lnsurance Company as surety, are held and firmly bound unto the City of Menifee in the penal sum of Two Hundred Thirtv Seven Thousand. Six Hundred Seventeen Dollars ($237.6'17l lawfu money of the United States, for the payment of which sum will and truly be made, we bind ourselves iointly and severally, firmly by these presents. , our heirs, successors, executors and administrators, As a part of the obligation sec red hereby and in addition to the face amount specitied lherefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City in successfulty enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 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 covenar s, condilions 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 respecls according to their true intent and meaning, and shall indemnify and save harmless the City of Menifee, its ofiicers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall remain in fullforce and efiect. -t 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 afiect 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 andcommencement of construction are not conditions precedent to surety's obligations hereunder and are hereby waived by surety. lN WTNESS WHEREOF, this instrument has been duly executed by the principal and surety above named,on August 11,2021 NAME OF pRlNClpAL: Scott Road Partners LLC, a Detaware limired liabitity compan FAITHFUL PERFORMANCE BOND FOR LANDSCAPE AND IRRIGATION IMPROVEUENT AGREEMENT By (rF coRPoRATrON, AFFTX SEAL) NAME OF SURETY: RLI lnsurance Co ny AUTHORIZED SIGNATURE: v AUTHORIZED SIGNATURE(S). By: JUPITER ADVISORS, LLC' A Califomia limited liability company 4W1/ Its mey-in-Fact Title Margareta T. Thorsen (rF coRPoRATION, AFFTX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEYIN.FACT. Name: Edmond F. St. Geme Title: Manager CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE q 1189 A notary public orotheromcercompletingtiis certificateverifiesonlythe identityofthe individual\r/ho signed the document to which this certificate is attached, and notthe vuthfulness, acauracy, or validity of that document. State of California County of Los Angeles ) o, A (.r\A before me, Sonia Vizcarrondo, Notary Public Herc lnsett Nome dnd fitle ofthe OffrcetDote personally appeared Margareta T. Thorsen None(s) of Signe4s) who proved to me on the basls of satisfactory evidence to be the person(s) whose name(s) is/ale subscribed to the within instrument and acknowledged to me that he/she/they executed the same in h,s/her/their authorized capaclty(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 certltr/ under PENALTY OF PER URY under the laws of the State of California that the foregoing paragraph is true and correct- WITNESS my hand and offcial seal. 3I Signature Ploce Notory Seol ond/or Stqmp Above Nototy Public OPTIONAL Completing this informolion cdn deter dlterotion of the document or ftoudulent reottachment ofthis form to on unintended document Desqription of Attached Document Title or Type of Document s DocumentDate: NumberofPages:- Signer(s) Other Than Named Above: capacity(ies) CIaimBd by Signer(s) signer's Name tr Corporate Officer - Title(s): o Partner - tr Limited tr General tr ,ndividual D Attorney in Fact u Trustee tr Guardiin of Conservator Signer's Name tr Corporate Officer - T'rtle(s): n Partner - B Limited tr General D lndjyidual tr Attorney io Fact o Trustee tr Guardian of Conservator B Other:D Other: 02017 National Notary Assoclalion Slgner is Representing: - Signer is Represenling: - POWER OF ATTORNEY RLI lnsurance Company Contractors Bonding and Insurance Company That RLI lnsurrnce company aDd/or ContrsctoN Bondlng and lnsurance Company, each an nlinois corporation, (separately andtogether, the "Compaoy") do hereby rnske, constihrte and appoiot; 9025 N. Lindbergh Dr. Peoria, IL 61615 Phone: 800.645-2402 Know All Men by These Presents: That this Power of Attomey is not valid or in effelt unless attached to the bond which it authorizes executcd, but may be detached by theapproving offi cer if desired, M T. Thorsen in the City of Pasadem , State full power and authority hereby coflfencd, to sign, bonds and underta-kings in an amoutrt not to exceed( $25.000.000.00 ) for aoy single obliSation. it6 truc and lawful Agent(s) and Attomey(s) in Fact, with ex@ute, acknowledge and dcliver for and on its behalf as Surety, in general, any and alt Twcntv Fivc Milli Dollaru of The acklowledgment and exesution ofsuch boud by the said Anomey itr Fact shatl be as binding upon the Compaoy as ifsuch bond had beenexecuted and acknowledged by the regularly elected officers ofthe Company. RLI Insurence Company and/or Cotrtrsctors Bonding rnd lnsurence Compsny, as applicable, have each further certified that thcfollowing is a true and exact mpy of a Resolution adopted by the Boud of Directors of lacl suci corporation, and is now in forpe, to-wit: "All bonds, policies, uodertakings. Powen of Attomey or other obligations of tbe corporation sha.ll be exerutcd in tbe corporate namc ofthe Compafly by the President, Secretary. any Assistant Secretary, Treasurcr, or any Vicc prcsideat, or by such orher officen as the Boardof Directors may authorize. The President any Vice President Secretary, any Assistaut Secretary, or dle Treasursr may appointAttomeys in Fact or Agents who shall havc authority to bonds. policies or undertakings in the name of the Compaoy. The corporatetssuc seal is not neccssa.ry for the validity of any bonds. policies, undertakings, Powers of Attomey or otho obligations of the corporatioD. The signature ofany such officer and the corpomtc seal may be printcd by facsimile." IN WITNESS WHEREOI', the RLI lnsursnce Company and/or Contrrctors Botrdlng tnd ltrsurance Company, as appticable. have caused these presents to be executed by its respc'ctive Vice President witb its corporate seal affixed tnis tg$ day ofMarch , 2021 .i#r,:,;,o%, lu; l*!ii:$:SHft? =? i SEAL.i j""2n, 6l a.# RLI ltrsurance Comprny Contractors Bondhg atrd llrsuratrcc Comp.ny Barton W. Davis Vice Presidenl Corporste Seo'rEtrry State oflllinois County of Peoria )I ss On this._ll8tL day of March , 2021 . before me, a Norary public, pesonally 8ppeared Barton W. Dayis . who being by mc duly swom, acknowledged that he signed the above Power of Attomey as dre lforesaidofficer of the RII lmursnce Compsny snd/or Contractilrs Bondlns aodlnsurooce CoDprn) and acknowledged said inshument to be $e voliinary act and deed ofsaid corpomtion. irrevocable; nnd ftnhcrmore, tlut ihc R€solution of the Company as set lbnh in the Power of Attomcy. is now in force. In reitinionv*hcreof, I hsve herEunto ser my hand ard the seal ol rhe RLiloilrrtrce CoEprDy and/or ConlrrctoB Bondlng rDd ltrruronceCtinpaly this.1111_ day of ^!cud , 2021 . CERTIFICATE I, thc undcrsigned officer of RLI ltriursme Compsny and,/orCoDtrrcton Botrditrg atrd Itrlurroc:e Comprtry, do hircby ccrtiry thBt th€ anschcd Power of Attomey is in fuIl t'orce and effeit and is C*,*..,"!C"* Notary ltrblic RIJ fnorance Compaoy Contrafiors BondiDg atrd lBuraDce CorDpany DcocHculSEA By Cathnine D. 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