D.R. Horton Los Angeles Holding Company, Inc. Faithful Performance Bond TR37400 SU1170036FOR: Streets and Drainage
Water System
Rec. Water System
Sewer System
Tota I
Surety Arch lnsurancg Clmpany
AddfeSS Hadeorside 3 210 Hudson Street Suite 3OO
City
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
$1 790 500.00 Tract Map TR 37400$wn Other Proj. Ref rP20-0165Dl
Bond No
Pre mium
su1170036
$4,924 00
PfinCipal D R Horton Los Anoeles Hotdinq Comoanv, tnc
Address 2280 Wardlow Cir #'100
/State Jersev Citv.NJ City/State Corona CA
zip code 07311 zip 92880
Phone (201) 743-4ooo Phone (951) 739-5469
WHEREAS, the City Council of the City of Menifee, State of California.and D. R. Horton Los
Anqeles Holdinq Companv. 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 above designated public improvements relating to TR 37400 /rP20-0165Dl
RCFC Line A-8 and A-10 which agreement(s), dated , is/are hereby
referred to and made a part hereof, and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s)
for the faithful performance of said agreement(s);
NOW THEREFORE, we the principal and Arch lnsurance company , as surety, are held and
firmly bound unto the City of Menifee in the penal sum of One Million Seven Hundred
Ninety Thousand Five Hundred and no/100 , Dollars, (790 500.00 lavvful money of theI
United States, for the payment of which sum will and truly be made, we bind ourselves, our
heirs, successors, executors and administrators, jointly and severally, firmly by these
presents.
The condition of this obligation is such that if the above bonded principal, his or rts heirs,
executors, administrators, successors or assigns, shall in all things stand to and abide by, and
well and truly keep and perform the covenants, conditions and provisions rn the said
agreement(s) 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 respects
according to their true intent and meaning, and shall indemnify and save harmless the City of
Menifee, its officers, agents and employees, as therein stipulated, then this obligation shall
become null and void; otherwise, it shall remain in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified
therefore, there shall be included costs and reasonable expenses and fees, including
reasonable attorney's fees, incurred by the City of Menifee in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
tENlFEl
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$_1Je0,590.00_
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FAITHFUL PERFORMANCE 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 work to be performed there under or the
specrfications 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 to the
terms of the agreement(s) or to the work or to the speciflcations..
Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and
commencement of construction are not conditions precedent to surety's obligations hereunder
and are hereby waived by surety.
\Nhen the work covered by the agreement(s) is complete, the City of Menifee will accept the
work and thereupon, the amount of the obligation of this bond is reduced by 90% with the
remaining 10% held as security for the one-year maintenance period provided for in the
agreement(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on June 24 2021
NAME OF PRINCIPAL. D. R. Horton Los Angeles Holding company, lnc
AUTHORIZED SIGNATURE(S)
Nam
Title:
Z.'.ra-aAa7
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Arch lnsurance Company
AUTHORIZED SIGNATURE
Its Attorney-in-Fact Noah william Pierce Title
(IF CORPORATION. AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEOGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY]N-FACT.
CALIFORNIA NOTARY ACKNOWLEDGEMENT
(rNDlvtDUAL)
A notary public or olher 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, accu , or validity of that document
State of California
County Of R,versde
On 6t29t2121 before me,Oesrrae Dawn Savana Notary Pubhc (insert name and title of
, who proved to me on thelhe offlcer), personally appeafgcl Jennder L O'Leary
basis of satisfactory evidence to be the person(x) whose name(t) is/a:e subscribed to the within
instrument and acknowledged to me that k/she/lln1t executed the same in hto{her^boir
authorized capacity(,6ee, and that by ffiher/tnixsignature(g on the instrument the person(ga,
or the entity upon behalf of which the person(gi 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
Signature (Seal) i
DESltlE D^v/N SAVARTA
Xotary Publi.' Californra
RiYerside County
CornmiliDn r 2l5a56l
Iy Comrn. Erprres Apl !6.2015
Copyright @ 20'1 8 NotaryAcknowledgement.com. All Rights Reserved
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STATE OF North Carolina
COUNTY OF Mecklenburq to wit.
l, Catherine Thomoson, a Notary Public in and for the State and County aforesaid, do hereby certify
that Noah William Pierce, whose name is signed to the foregoing bond this day personally,
appeared before me in my said State and County aforesaid and acknowledged the same.
Given under my hand this J{Iday of 1un.202'l
Notary Public
on the gth day of Aoril, 2022
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