Pulte Home Company, LLC Faithful Performance TR366585 SU1176067FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Covemment Code Section 66499.1)
FOR: Grading/Drainage
Erosion Control
WQMP
Total
!i 562 000
253 000
t.097.500
'l'ract/Parcel Map TR-366-s8-5
Bond No. sl ll t7606l$
$
$
Suretl,Arch Insurance Company Principa I Pulte Home Company, LLC
Address Harborside 3,210 Hudson St., Suire 300 Address 27401 Los Altos, Suite 400
City/State Jerscv Ciw. NJ (lity/State Mission Vieio, CA'l,ip code o7l I l-llo7 Zip 92691
Pho ne Phone
WHEREAS, the City of Menifee, State of California,and Pulte Home Contpan 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
improvemenls relating to (Tract/Parcel) TR-366s8-s . 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 principal and rc h lnsurance Com . as
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 in successfully enforcing such obligation, all to be taxed as costs and
included in any judgment rendered.
9,|8/2009
ME I.1IF F.E
282,500
Premium 94. 1 16
surety, are held and firmly bound unto the City of Menifee in the penal sum of
,-",,l..Y,::'::)l::?i:);" *"""d bottars ($r.oqr.soo.o6 tawful money of thLe United States, for the
payrnent 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
perfonred 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.
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition
to the lerms ofthis agreement or to the work to be perlormed 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 of Section 2845 of the 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 surety
above named,on September 8th 2021
NAME OF PRINCIPAL: pulre Home Companv, LLC
AUTHORIZED SIGNATURE(S):
By:
4ms; D. Bryce Langen
Title: VP & Treasurer
(IF CORPORATION. AFFIX SEAL)
NAME OF SURETY: Arch Insurance Conr
AUTHORiZED SIGNATURE
Peter S. Forker, Attorney In Fact
(tF coRPoRATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN-FACT.
9/18/2009
FAITHFUL PERFORMANCE BOND
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