Pulte Home Company, LLC Faithful Performance TR366584 SU1176068I A$M FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Govemment Code Section 66499.1)
FOR: Grading/Drainage $
Erosion Control $WQMP $'Iotal $
48 r.000
457 000
4.061 .000
4.999.000
Tract/Parcel Map'tR-36658-4
Bond No. SUI I76068
Premium $ 18.746
S urety Arch Insurance Company Principa I Pulte Home Company, LLC
djd1s55 Harborside 3,210 Hudson St.. Suite 300 Address 27401 Los Altos, Suite 400
7.itr't zip 9269 t
Phone Phone
WHEREAS. the City of Menifee, State of California. and Pulte Home ComDan Y, LLC
(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-36658-4. 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 f'urnish bond(s) for
the faithful performance of said agreement(s);
NOW. THEREFORE. we the princip al and Arch Insurance Com as
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 thirrgs 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 hannless the City oiMenifee. 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 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
City/State iersev citv. NJ City/State Mission Viejo, CA
code oz:tr- oz
surety. are held.and firml1 bound unto the City of Menifee in the penal sum of
l:[yli:"Jiffi:'"T*"J,, ,., bollars ($+.qqq.ooo.ooi lawful money of the United States. for the
pay."rt of *hi"**um will and truly-be rnude. we bind ourselves, our heirs, successors,
executors and administrators, jointly and severally, firmly by these presents.
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 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 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 S ber Sth . 202l
NAME OF PRINCIPAL: Pulte Home Company, LLC
AUTHORIZED SIGNATURE(S):
By
(IF CORPORATION^ AFFIX SEAL)
NAME OF SURETY: Arch Insurance C*ry
/'t 1"AUTHORIZED SIGNATURE:L..--
Peter S. Forker, Attorney In Fact
OF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT-
9/18/2009
fu,,,,-
Name: D. Bryce Langen
Title: VP & Treasurer