KB Home Coastal, Inc. Material and Labor Bond 29835-3 024247074$r'
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MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
38 500.00FOR: Streets
Drainage
Water System
Rec. Water
Sewer System
Total 938,500.00
Sufety _ LiOerty Mutuat lnsurance Company_
Address 175 Berkeley Street
City/State Boston.t\.,tA
Zip 02116
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$
$
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Project UnderwoodTractNo.29835-3
0.00 Other Proj. Ref.tP'19-003
0.00 Bond No. 024247074
0.00 Premium $ lncluded ln Performance Bond
0.00
Principal
Address PO Box 1958
KB Home Coastal lnc.,
WHEREAS, the City of Menifee, State of California, and KB Home Coastal lnc.. (hereinafter
designated as "principal") have entered into, or are about to enter into, the aftached agreement(s)
whereby principal agrees to install and complete the above designated public improvements relatingto lP19-003 , which agreement(s) is/are hereby referred to and made a part hereof; and,
WHEREAS, under the terms of said agreement, principal is required, before entering upon theperformance of the work, to file a good and sufficient payment bond with the City of Menifee to securethe claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of
Division 3 of the Civil Code of the State of California;
City/State Wildo r, CA
Zip 92595
951) 691-5300
said principal and the undersigned, as corporate surety, are held
all contractors, subcontractors, laborers, material persons and
rformance of said Civil Code in the sum of Nine Hundred
NOW, THEREFORE,
City of Menifee and
employed in the pe
firmly unto the
other persons
Thirtv Eiqht
Thousand Five Hundred and no/100 , Dollars, $ 938.500.00 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 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 andall persons, companies and corporations entitles to full claims under Title 15 (commencing with
Section 3082) of Parl 4 ot Division 3 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.
vr
Phone 213-346-5351 phone
MATERIAL AND LABOR BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to
the terms of this agreement 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 August 24th 2020
NAME OF PRINCIPAL: KB Home Coastal lnc.
AUTHORTZED STGNATU RE(S)
By:
Name:
Title:
(rF coRPoRAT|ON, AFFTX SEAL)
Liberty Mutual lnsurance Company
AUTHORIZED SIGNATURE
Its Atto in-Fact, Regi Title
(tF coRPoRAT|ON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-
IN-FACT.
NAME OF SURETY:
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE $1189
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 Anseles
on AUG} 42020 before me,B. Wong, Notarv Public,personally
appeared Regina Ransel who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s) is/a+e-subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
his/her/their 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 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)Signatu r
B ong, Notary Public
8. WOf{G
Notary Publlc . Calllornla
Lo! Anleler County
Commiision , 2260298
/i{y Comm. t)(plrer 0ct 24, 2022
e
z-\(;:.145i)w/
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.
State of California
County of Riverside
On September 1. 2020 before me, Shannon 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 subscribedto the within instrument and acknowledged to me that he/shelthey
executed the same in his/he#th€ir authorized capacity(ies), and that by
his/he#the+ 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 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.
SHANNON LUEES
Nolary Public - Calitonria
RNelside Coirnty
Commission * 20934r
My Corim. Expr.ei Aug 10. fl21
Shannon Luebs (SEAL)
1
LibertyMutuil.
This Por.t er of Attorney limits the acts ofthose namod herein, and they have no authority to
bind the Company excepl in the mannor and to the ertent horoin $tatod.
Certilicate No: 8202349-02401 7
SURETY
KNOWN ALL PERSOiIS gY THESE PRESET{TS: Thal The Olro Casualty lnsurance Company js a corporation duly oeanized under the taws of the Slate of Ne* H
Liberty lt4utual lnsurance Company i5 a corporation duly oEadzed underlhe laws of the State of l\,4assachusetb, and WestAmedcan lnsuran@ Compaoy is a conoralion
under the laws ofth€ State ol lndiana (herein colleclively called lhe 'Compan ies'), pursuantto and by authoflty herein sel forlh, do€s hereby name, constitute and appoint,
ampshire, that
duly oEanized
Tenzer V.
Cunnin8ham, Msnla Gonzales, My llua. Mechcllc Larkin. Kathy R. Mair. Joaquin Perez, Regina Rangel. Brenda Wong
allol lhe cjty of I-os Angeles each individually if lhere be riore lhan one named, its true and lawful atomey-in-fact lo make,
execule, seal, acknowledge and deliver forand on its behalf as surely and as its acl and deed, any and all undetukings, bonds, recognizances and other surety obligatons, in pulsuance
of lhese pr€6enls and shall be as binding upon t|e Compaoies as if thE have b€en duly signed by the pre6ident and afiested by lhe secr€hry ol lhe Compani6 in heir om poper
peEons.
WITIESS IVHEREOF, lhis Power ol Attomey has b€en subsc,ibed by an authorized offcer o. ofllcial ol the Cofpanies afd lhe @Dorate ssab of the Companies have been aflired
helEto thls l4th dayol October 2019
Liberty Mutual lnsucnce Company
The ohio Casualty lnsuBnce Company
We6l Amedcan lnsuEnce Company
By
David M. Carey, Assislant Secrolary
state of Califomia
SIaIo oI PENNSYLVANIA
County ol I,IONTGONIERY ss
On lhis l4th dayof October ,2019 before me pelsonally appearcd David lV. Carey, who ackno{ledged himsell to be lhe Assistanl Secretary of Liberty Mutuallnsurance
Company, The Ohio Casualty Company, and West Amedcaf lnsulance Compaoy, and that he, as such, being authoized so to do, execute the fore{oing instrument for the purposes
therein contained by signing on behafofthe corporatioos by himselfas a duly authorized otfic€r.
lN WTNESSWHEREoF, lhave hereunlo subscdb€d my name and affixed my notarialsealal KirE of Prussia, Pennsylvania, on the day and year lirst above written.
COMiIOiIWEALTH OF PENNSYLVANIA
Nor6h.rsst
T6EM Pastorla, Nol6ry Pubttc
Upp6r M6nonTtr,., Montgomery County
My Con,n&ion ExplEB M6ah 28,2021
/-tuLBy
eresa Pastella Notary Pub cr'r.6b€4 P.inBylvdn€ &3oc aton ot Norai.e
This Power of Attomey is made and executed pursuanl to and by authority of the following By-laws and Authorizalions of The ohio Casualty lnsurance Company, Liberty Mutual
lnsurance Company, and West Amedc€n lnsuEnce Companywhich resolutions are now in tullforce and etfect reading as followsi
ARTICLE lV - OFFICERS: Seclion 12. Po.ier of Atlomey.
power to bind the CorpoGtion by their signalu re and execut@ of any such instruments and to attach lheeto the seal ol he CorpoGuon When so executed, such instrumeob shall
be as binding as il signed by the President and attested to by the Secretary. Any power or aulhority granled to any reprsentalive or attomeyjn-lacl under the provisions of thisa cle may be revoked at any time by he Boad, fie Chairman, lhe President or by lhe ofllcer or oflicers granting such poder or authority.
ARTICLE Xlll- Erocutlon of Comracb: Seclion 5. Surety Bonds ard Undertakings.
shall appoiol sud attomeys-in]acl, as may be necessary to act i0 behaf of lhe Company to rnake, exeqrte, seal, acknov.ledge and deliver as surety any and all undenatirEs,
Company by their srgnature and erecution of any such inslrumenb and lo attach therclo the seal of the Company. When so exeqded such insbumenb shall be as binding as il
sllned by he president and attBted by he s€crehry.
obligalions.
Company, wherever appeadng upon a certfied copy of any @re. ot attomey issued by he Company in connection with surety bonds, shall be valid and bindi0g upon be Company flh
the same force and ellect as $owh manually affrxed.
has not b€en ravoked.
lN IESTlitOllY yVHEREOF, I have hereunro set my hand and amxed ihe seats of said Companies this day ot A U G 2 4 2020
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By
Renee nl rctary
w Liberty Nlutual lnsurance Company
The Ohio Casualty lnsurance Company
West American lnsurance Company
POWER OF ATTORNEY