Pulte Home Company, LLC Faithful Performance TR366581 SU1176071FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE. STATE OF CALIFORNIA
(Government Code Section 66499.1\
FOR: Grading/Drainage
Erosion Control
WQMP
Total
$ 726.000 Tract/Parcel Map TR-36658- I
Bond No.
Premium
I t7607 t$
s
$
4s9 0(x)
4.207.000
5
Surety Arch Insurance Company Principa I Pulte Home Company, LLC
{dd1s55 Harborside 3,2t0 Hudson St.. Suite 300 [dj1g5s 27401 Los Altos, Suite 400
City/State Jersev Cirv-NJ City/State Mission Viejo. CA
Zip code o73l t-ll07 Zip 92691
Phone Phone
WHEREAS. the City of Menifee, State of Califomia. and pulte Home Conrpany, LLC
(hereinalier designated as "principal") have entered into, or are about to enter into, the attached
agreement(s) whereby principal agrees to installand complete the above designated public
improvements relating to (Tract/Parcel) TR-36658- l , which agreement(s) is/are hereby referred
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 pertbrmance of said agreement(s);
NOW, THEREFORE. we the principal and Arch I nsurance Comoanv AS
suretv- are held and
Four Nirliron ltro Hun&cd
Seven l-ho"\xn.l rnn n0/100 Dollars ($4,207,000
of Menifee in the penal sum of
lawful money of the United States, for the
firmly bound unto the City
payment of which sum will and truly be made, we bind ourselves, our heirs, successors,
executors and administrators, jointly and severally. firmly by rhese presents.
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 covenants. conditions and provisions in the said agreement
and any alteration thereofmade 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 indenrnify 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 ofthe obligation secured hereby and in addition to the face amount specified therefore.
there shall be included costs and reasonable expenses and fees, including reasonable attomey,s
fees, incurred by the City in successfully enforcing such obligation. all to be taxed as costs and
included in any judgment rendered.
9/18/2009
=
1n.11
FAITHFUL PERFORMANCE 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 work to be perfolmed there under or the specifications
accompanying the same shall in anywise affect its obligation on this bond, and it does hereby
waive notice ofany such change, extension of time, alteration or addition. Surety further
stipulates and agrees that the provisions of Section 2845 ofthe Civil Code and commencement
ofconstruction are not conditions precedent to surety's obligations hereunder and are hereby
waived by surety.
When the work covered by the agreement is complete, the City of Menifee will accept the work
and thereupon. the amount ofthe obligation ofthis bond is reduced by 90% with the remaining
l0% held as security for the one-year maintenance period provided for in the agreements(s).
IN WITNESS WHEREOF. this instrument has been duly executed by the principal and surery
above named-on September 8th , 2021
NAME OF PRINCIPAL: Putte tlome Companv ,I,LC
Br':t
Name: D. Bry Langen
(IF CORPORATION, AFFlX SEAL)
NAME OF SURETY: Arclt Insurance Comp
AUTHORIZED SIGNATURE:A
Peter S. Forker, Attorney In Fact
(tF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN-FACT.
,it)/(t 4 L-
9^8t2009
t-. -
AUTHORIZ ED SIGNA'I'T-] RE(S):
Title: VP & Treasurer