KB Home Coastal, Inc. Material and Labor Bond 29835-2 024252535?.r^xl
FOR: Amenities
Lighting
Planting
lrrigation
Contingency
Total
319 000.00
MATERIAL AN D LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
E-7.)500 00 Tract Map 298
000.00
126 750 00 024252535
lncluded in Performance Bond
)
$
$
$
$
$
Bond No
Premium
254 500 00
1 527 750.00
Surety Libertv MutuaI lnsurance Comoanv
Address 175 Berkelev Street
City/State Boston. MAzrp ozTPhone 617-357-9500
36310 lnland Vallev Drive
Principal
Address
KB Home Coastal lnc
City/State Wildomar, CA
zip 92595Phone (951) 25B-4890
WHEREAS, the City Council of the City of Menifee, State of California, and KB Home coastat.
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 aboye dgsignated
public improvements relating to Tract 29835-2 , which agreement(s), dated S D o /Ct
is/are hereby referred to and made a part hereof; and,
WHEREAS, under the terms of said agreement(s), principal is required, before entering upon
the 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 undersrgned, 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 One Million Five Hundred Twenty Seven Thousand Seven Hundred Fifty and no/100
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 suit is 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; otherwise, it shall be and remain in full force and effect.
Other Prol Ref. lP18-0521
Dollars, ($ 1.527.750.00)
t0t26t20
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.
IN WITNESS WH
above named, on
EREOF, this instrument has been duly executed by the principal and surety
Mav 25th 2021
NAME OF PRINCIPAL: KB Home Coastat lnc
AUTHORTZED STGNATURE(S):
By
Na
Title:Vicc Prceidcnt, Forwrd Plaml'lg
(rF coRPoRATtON, AFFTX SEAL)
NAME OF SURETY: Libe M u ran Com an
AUTHORIZED SIGNATURE Brenda Won VP
ey-in-Fact Title
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN-FACT.
t0t26t20
(rF coRPoRATrON, AFFTX SEAL)
CALIFORN!A ALL.PURPOSE ACKNOWLEDGMENT
notary pub rc or other officer completins thIS certiflcate venfies on ly the den tity of the nd id ua
who S g ned the document,to rch th s certificate S attach ed and not the truthfu ness,accuracy
or a id of th d ocu m nt
State of California
County of Rive rside
On -Jtr before me,Shanno 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/a+e subscribedto the within instrument and acknowledged to me that he/sheAhey
executed the same in his/h€#their authorized capacity(ies), and that by
his/herlthe* 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 PENALry OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
sHAt{ti0l{ LUEBS
Notary Pubic - Crtrfonra
RNe6daCouI
Comn,ss'on , 22od3ad
Itly Coom Exgres A!9 10 2021
Shannon Luebs (SEAL)
.
A notary public or other officer completing this certificate verifies only the
identity of the individualwho signed the documentto which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Los Anseles
on MAY 2620?l 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/ar+su bscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
hi'slh e r/thei+ a ut h o ri ze d ca p a c ity{ies), a n d t h a t by his/h e r/thei+s i g n a t u re (s) o n
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)5 ignatu re
M.GONZALES
Nolary Publt( _ Cdlifornia
Loi Angele5 CountY
(ommittion I 2213628
M.Gonzales, N Pu b lic
(omm. Erpiles Ocl 5,2021
cALtFORNtA ALL-PURPOSE ACKNOWLEDGMENT CtVtL CODE 51189
Qk
SU RETY Cerllfcale No UEI!60
POWER OF ATTORNEY
XttOl/VN ALL PERSONS BYTHESE PRESENTS:That The Ohio C6ually lnslrance Conpany is a coDoration duly organized lnder lhe laws d the Stale of New Hanpshire, thal
Liberty Mufal lnsuance Company is a corporalion dut organized under the laws ol the State ol Massachusetls, and West American lrElrance Company is a corporatron dllly
Brenda
al ol lhe city oi state ol a each individually I lhere be more than one named. ts lrue and a$,ful attomey in-fact to
puBuance of hese presenb and shallbe as binding upon the Companies 6 il lhey have b€en duly sEned by the presidmt and atlesled by tie secretary ofthe Companies in their
own pIopet peasons
Libertv
Mutudl.
This Power ofAttorney limils the acts ofthose named hercin, and they have no autho tyto
bind the Company ercopt in lhe manner and lo lhe extont horein stated.
Liberty Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West Ameflcan lnsurance Company
lN WTNESS WHEREOF,lhis Power ol Attomey has been subscflbed by an aulhorized oticer or ofricialof the Companies and lhe coeorate seals of the Companies have been affixed
lhercto this 1sth day ot February, 2021.
Liberly l\,iutual lnsurance Company
The ohio Casralty lnsu[ance Company
West American lnsurance Cornpany
By
David l!1. Carey Assbtanl Secretary
STATE OF PENNSYLVANIA
COUNTY OF MONTGOMERY
SS
The ohio C6ualty Company, and West Americnn lnsurance Company and thal he. as su€h. being aulhonzed so to do e{ecute lhe foregoing insttument for the purposes therein
conlained by signing on beialf ol the corporalions by himself as a duly auhonzed offiaer
lN WTNESS WIIEREOF, I have hereunto subsc.ibed my name and affixed my notanalsealal Kmg ol Prussia, Pennsylvania, on tho day and year first above wntten
By
Member Pennsy'vEnE Ars.i.&n ol Nol.nd Teresa Paslella Notary Public
This Power of Altomey is made and exeruled pursuanl to and by autiority ol lhe following 8y]aws and Authorizations ofThe ohio Calually lnsurance Company, Liberly Mutual
lnsurance Company, and WestAmencan losurance Company which resolutions are norv in lulllorce and efJecl reading as lollows:
ARTICLE lV-0FFICERSi Section 12 Power of Altomey
President may p/escdbe shall appoint such altornEs-in{act as may be necessary to acl in behalf ol he Coeoration lo make, erecute, seal, acknowledge and deliver as surety
instrumenb shall be 6 binding as f signed by tlre President and attested to by the Secretar Any power or aulhority granted to any represenlative or atlomey,injact under the
provisrons of this adjch may be rcvoked at any tme by lhe Boa.d lhe Chairman. the Presrdenl o.by the olfcer or dlicec grantino such power or authority
ARTICLE Xlll . Erecution of ConlracG: Section 5. Surely Bonds and Undertakings
Any ofiicer d lhe Company authonzed for thal purpose in wrilrng by lhe chairman or he presidenl and subjecl lo such limitalions as lhe chaifnan or the president may prescribe
shall appoinl such attomeys-in-facl as may be necessary to act in behali ol the Cdnpany to make execute seal, acknowledge and deliver as surcly any and all underlakings,
the Company by lheirsignatlre and erecullon ot any such instrumenls and lo atldr thereto the sealolthe Company. When so e)(ecuted such instrumenh shallbe as binding
as { signed by the president and atlesled by the secretary
infact as may be necessary lo act on behall of the Company lo male, exocule. seal, acknowledqe and del&er as surety any and all undertakings, bonds, recognizancss and other
surely obligations.
Authodzatlon - By unanimous consenl of the Company's Board of orrecloG the Company consenls thal Iaasrmile o. mechanically reproduced signatu€ of any dsistanl secretary
ol the Company, wherever appeating upon a cedified copy ol any porer ol attomey issued by tie Company in co.lneclion wrh surety bonds shall be valid and binding upon he
Company wilh lie same force and effect as though manlally affixed
lReneeC.Llewellyn,theundersigned,AssistantSecretary,ofLibeny[,4utuallnsuranceCompany,TheOhioCdualtylnsuranceCompany,andWestAmencanlnsuranceCompany
do hereby certify thal this po$er ol altomey executed by said Companies is in lullforce and sffectand has not been revoked.
It{ TESTII{ONY WHEREOF,I have i€reunto sel my hand and amxed lhe seals of said Companies lhis 25th day ol May
Cmmonwih ol Pe.nsravani, . Noi.ry Sel
ToG6a Pasdl., itoBry Pubri.
Morgomay Courlly
My @omilslon qpE Mach 21 2025
Cdnmilsioi nunb€r 1 1260t14
D", /-filL
fu,*
1912 1919 199'tI
c)0)c-!!
96,oo)
Yrg6>
Eg^E
39
cioXocts
s.t, o.)bEtr-
o(sp>
oc
z6
,,; e(Do:Eq:.E
ai
)Y o)
o (<J)>i
^AI(.vI
96
-96<b
(r):f,}YONL cf)
€o'o l:
'o I\
:- a66-eLL O.
1912E 19 19
J
1991
\l'lS
E
MaBh Msurc9 poA LMIC OC1C WA|C Multi Co 022021
By
Renee C Llewellyn Assistanl Secretary
2021
,furp