Pulte Home Company, LLC Faithful Performance TR366583 SU1176069FOR: Grading/Drainage $
Erosion Control $wQN,fP sTotal $
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
t69 000 Tract/Parcel Map TR-36658-3
457 000 Bond No. SUI 176069
Premium $2379.00
Suretl Arch Insurance Companl PrincipaI Pulte Home ComDany. LLC
{dd1g55 Hart}oside 3,210 Hudson St, Suite 300 Address 2?401 Los Altos, Suite 400
Citv/State City/State Mission Vieio, CA
zip code 07311-1107 7.ip 9269 |
Phonc Phone
WHEREAS, IhE CitY of Menifee, State of California, and Pulte Home Conpany. LLC
(hereinafter designated as "principal") have entered into, or are about to enter into, the attached
aBreement(s) whereby principal agrees to install and complete the above designated public
improvements relating to (Tract/Parcel) _ Tk16658-3 . which agreement(s) is/are hereby referred
to and made a part hereof; and,
NOW, THEREFORE, we the principal and lch Insurauce Com AS
5
surelv. are held and firmlv bound
Fi'cpudrd and'00/i0o DollaIS
unto the City
$e:q 500.00
of Menifee in the penal sum of
Iawful money ofthe United States, for the
payment of u,hich sum will and truly be made, we bind ourselves, our heirs, successors,
executors and administrators, jointly and severally, firm11, by these presents.
The condition of this obligation is such that if the above bonded principal, his or its heirs,
executors, administrators, successors or assigns, shall in all things stand to and abide by, and
well and truly keep and perform the covenants, conditions and provisions in the said agreement
and any alteration thereof made as therein provided, on his or their part, to be kept and
performed at the time and in the manner therein specified, and in all respects according to their
true intent and meaning, and shall indemni$'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 aftorney's
fees, incurred by the City in successfully enforcing such obligation, all to be taxed as costs and
included in any judgment rendered,
9/1812009
WHEREAS, said principal is required under the terms of said agreement(s) to fumish bond(s) ibr
the faithful performance of said agreement(s);
Jersey Clity. NJ
I I
Fl.:lEllTfi.l9' j{6 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 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
ofl construction are not conditions precedent to surety's obiigations 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).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named.on SeDternber 8th )nl r
NAME OF PRINCIPAL: Pulte Home Company LLC
AUTHOzuZED SIGNATURE(S):
By:Ar^Ll
Name: D. Bryce Langen
Title: VP & Treasurer
(IF CORPORATION. AFPIX SEAL)
NAME OF SUREI'Y: Arch Insurance Company
,7,./l /L^AUTHORIZED SIGNAl'URE
Peter S. Forker, Attomey ln Fact
(tF coRPoRATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
9i l8/2009