Pulte Home Company, LLC Faithful Performance TR366582 SU1176070FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE. STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Grading/Drainage
Erosion Control
WQMP
Total
$00050.1
457 000
24 000
l ractiParcel Map TR-36658-2
Bond No. SU I 176070
Premium $7 444.00
| .985.000
Surety Arch Insurance Company Principa I Pulte Home Con)Dany. LLC
[dd1ss5 Harborside 3,210 Hudson Sr., Suire 300 Address 27401 Los Altos, Suite 400
City/State Jersev Ciry. NJ City/State Mission Vieio
Zip zip 92691
Phone Phone
WHEREAS. the City of'Menifec. State of California.and Pulte Home Compan Y, LLC
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 princip al and Arch Insurance Contoan .as
s
$
$
,CA
suretv- are held anOne Mfll;on Nrn. Hundr.d d firmly bound unto the City of Menifee in the penal sum of
lawful money of the United States, for thet:r!hn F i\e Thousand and orr roo Dollars($1,985,000
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 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 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 ofthe obligation secured hereby and in addition to the lace amount specified therelbre,
there shall be included costs and reasonable expenses and fees. including reasonable attorney'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
code oz: t t-r t07
(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 (Tract/Parcel) TR-36658-2 . which agreement(s) is/are hereby ref'erred
to and made a part hereof: and.
FAITHFUL PERFORMANCE BONT)
The surety hereby stipulates and agrees that no change. extension of time, alteration or addition
to the tenns ofthis agreement or to the work to be performed there under or 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 ofSection 2845 ofthe Civil Code and commencement
ofconstruction are no1 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 of this 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 surety
above named, on September Sth , 2021
NAME OF PRINCIPAL: Pulte Home Company, LLC
AUTHORIZED SIGNATURE(S)
By:w
4ms; D. Bryce Langen
(IF CORPORATION. AFFIX SEAL)
NAME OF SURETY: Arch lnsurance CoPsnv-)
/(t,4 /(AI IHORIIED SICNATURE:
Peter S. Forker, Attomey In Fact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
9/t8/2009
Title: VP & Treasurer