KB Home Coastal, Inc. Material and Labor Bond 29835-2 024252536FOR: Landscape
lrrigation
Constructio
Contingency
Total
MATERIAL AND LABOR BONO
CITY OF IMENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
$ 56.500.00 Tract Map 29835-2
B9 750 00 Other Proj Ref lP18-0581
164 250 00
ot 000 00
$
$
$$ 372 500 00
Su re Libertv Mutual lnsurance Comoanv Prrncipal KB Home Coastal lnc
Address 175 Berkelev Street Address 36310 Inland Valley DriveCity/State Boston, MA City/State Wildomar CA
Zip code
Phone
02116 Zip 92595
617-357-9500 Phone (951) 258-4890
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 comple
public improvements relating to Tract 29835-2 , which agreement(s),
te the above
dated S'l)
nated
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 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 Three Hundred Seventy Two Thousand Five Hundred and no/100 Dollars, ($
372.500.00) 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 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.
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.
10t2620
Bond No. 024252536
Premium lncluded in Performance Bond
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.
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 obligatlons hereunder and are hereby waived by surety.
lN WITNESS WHEREOF, this instrument has be
above named, on Mav 25th ,
en duly executed by the principal and surety
2021
NAME OF PRINCIPAL: KB Home Coastat lnc
AUTHORIZED STGNATURE(S):
By:
NAME OF SURETY: Libe
Scott Hangon
Vic€ Pr6idcnt, ForvrC Plftnhg
(rF coRPoRATrON, AFFrX SEAL)
nce Com
N
Title:
n
Brend on VP
ney-in-Fact Title
(tF coRPoRAT|ON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF STGNATURES OF PRINCIPAL AND
ATTORNEY.IN-FACT.
10t26t20
AUTHORIZED SIGNATURE.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document, to which this certificate is attached, and not the truthfulness, accuracy,
or validity of that document.
On slau 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/are subscribed
to the within instrument and acknowledged to me that he/sh€lthey
executed the same in his/he#their authorized capacity(ires), and that by
his/h€#their 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.
SNANIIOI]tUEBS
llolary Publc - Catton,a
R,ve6deCounty
CommEsof 4 22093r4
My Comn EroiresAug 10 2021
Shannon Luebs (SEAL)
State of California
County of Riverside
-]
^ \9)t It
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE S1189
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Los An e les
On tulaY ,?n?1 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/a+e-su bscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
his/her/the+ authorized capacity(ies), and that by his/her/thei+signature(s) on
the instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instru ment.
WITNESS my hand and official seal.
(sea l)Signature /)n /9,*r./-l--,..n^il;;, N"@ Prb[.
,td"Shx
4-.s 1,( ;.Jqp
M GONZAtT5
NotrryPublit C.rlif6fira
Lor Angelr! County
Commisrion | 2213628
My Comm, Erpkcs 0.t 5,2021
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct.
Libertv
Mutudl.
This PowerofAttornoy limits theacts o, thore namod herein, afld they have no authority to
bind the Company ercept In the manner and to he extent horein slated.
Liberty Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West American lnsurance Company
By
Liberty Mulual lnsurance Company
The ohro Casualty lnsurance Company
Wesl American lnsurance Company
cedilcale No 8204866
SU RETY
POWER OF ATTORNEY
KNoWN ALL PERSoNS BYTHESE PRESENTS: Thal The ohio Casualty Insurance Company is a corporation duly organized under the lav,s ofthe State of New Hanpshre, lhat
Liberty I'lutual lnsuranco Company is a corporatroi duly organized under the laws ol lhe Slale of tlassachusetts. and West Ame can lnsurance Company is a corporation duly
Brenda
allof the city of nia each indNidually il there be more than one named its true and laMul altomey-injacl to
puBuance of lh6se ples€nb and shall be as binding upon the Companies as if they have b6en duly signed by lhe presid€nl and allested by lhe secrelary ol lhe Companies in their
own proper pelsons.
lN wlTt{ESS WHEREOF, this Power of Anorn€y has been subscribed by an authorized omcer or oflicialo[ the Comlanies and the coro[ate seals of the Companies have been affixed
hereto this 1sth day of February, 2021
David i,{ Carey. Assrstant Searelary
STATE OF PENNSYLVANIA
COUNTY OF MONTGOMERY
SS
0n this 15th day ol February, 2021. belore me personally appeared oavid M Carey, who acknorledged himsefl to be he Assistant Secretary of Liberty Mutuallnsurance Company,
The ohio CGUalty Cornpany, and Wesl Ameriaan lnsurance Company. and thal he as such, being alhonzed so to do, erecute the loregoing inslrument for the puDces therein
conhined by signing on behalf of lhe corporalions by himself 6 a duly auhodzed omcer.
lN WTNESS WHEREOF, I have hereunto subscribed my name and allired my notanalsealat King of Prussia. Pennsylvaia, on the day and year first above wdtten.
By
Teresa Paslella Notary PublicM.mb., P..n!y'v.nc Alsduon ol Nol.na
Cmrcn6th or Pdnsrwib - iLlry Solldl. Pa6ldl. l$r.ry tubL
Uoooonery Couriy[t conf,66to.1 .rpilt6 tLrcn 20. 2025
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1912:1919 1991,
Ma6h Msu.ely Poa LMtcocta wA( Mulr co 022021
By
Renee C Llewellyn, Assislant Secrclary
Io
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This Pox/eI of Atomey is mad€ and executed pu6uanl to and by au&onty ol lhe lollof,ing B!-lars and Authonzatims ol The ohio Casualty hsurance Coanpany. Liberly Mutral
lnsurance Company, and West American lnsuEnce Company which rEolutions arc now in tull force and elfecl reading as loilorrs:
ARTICLE lV - OFFICERS: Section 12. Poder ol Aiomey.
Any dricer or other oiicial of he Corpo{aton auhonzed lor thal purpose in wfilin! by be Chainndl or he P.e9dent. and subject to such lhilalion as he Chaiman or $e
Prcsidenl may prescribe. shallappdnl such atlomEs-injacl. as mal be necessary b ad in behafl ol he Corporalion lo make, erecute, seal, acknorviedge ad deliver 6 surety
any and all undeftakings, bonds, recognizances and other surety obligatons. Such altomeys-inj&t. sublect to dre limmtons sd fodh in ther rspeclive pow€ls of domey,
shall have full porer to bind the Co.poratjon by their signatre ald oxecution ol any such instruments and Io atbch lhe.eto lhe sealof lhe Corporatioo. When so ex€qited, such
povisjons ol this artcle may be rsvoked al any tme by he Board. he Chaiman, the Presidenl orby the offcer or ofriceB granling such power orauthodty.
ARTICLE Xlll. Ex.cullon ofContoch: Seclion 5 Surety Eonds and Undertakings
shallappoint such atlomeys-inJacl, as may be necessa.y loacl in behal, ol lho Ccrnpany to make, execule, seal, acknowledge and deliver as surely any and all undertakings,
the Company by their si0nature and execution of an, such instrumenls and to attach lherclo lhe sealoltie Company. When so executed such indrumenb shallbe as binding
as if signed by the president and attested by the secrelary
infacl as may be necessary to acl on behall ol he Company to make, execute, seal, aclnowledge and delrver as surety any and all undertakngs, bonds, aecognizances and other
surety obligations
of the Company, whe.ever appearing upon a cefffied copy ot any powe, ol attomey issued by the Corhpany in connection witr surcty bonds shall be valid and binding upon the
Company with the same force and effect as though manually affixed
l, Renee C Llewellyn, the undersrgned, Assistant Secretary, ol tibedy Mutuallnsu6nce Company, The Ohio C6ualty lnsuEnce Company, and WestAmencan lnsurance Company
do hereby cgdify lhat his power of attomgy execuled by said Companies is in full lorce and elfecl and has not been revoked.
lN TESTIMOi{Y W}IEREOF, I have hergunto setmy hand and allixed lhe seals of said Companies this
-4!L
day ol lrlay 2021
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