Pulte Home Company, LLC Faithful Performance TR366586 SU1176066FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Govemment Code Section 66499.1)
FOR: Crad ing/Drainage
Erosion Control
WQMP
Toral
$ i99 000$ 242.000$ 2s:.ooo$ 8e4,ooo
Surety Arch Insurance Company
,\61d1955 Harborside .i, 210 Hudson St.. Suite 100
Principal Pulte Home Companv. LLC
Address 27401 Los Altos, Suite 400
City/Slate Jersev Cirv. NJ City-/Stare Mission Vieio,CA
Zip code oTi ll-l lo7 zip 92691
Phone Phone
WHEREAS, the City of Menif'ee, State of California, and Pulte Home Company, LLC
(hereinalier 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) rR-3665g-6 , 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 lurnish bond(s) for
the faithful perfbrmance of said agreement(s);
NOW. 'l'IIEREFORE. we the princip al and Arch lnsurance Comoan as
Er!hr
ty. are
Nlnery Four Thousand
held and firmsure
and 00r 100
ly bound unto the City
Dollars ($ sq+000.00
ol Menifee in the penal sum of
lawful money of the United States, for the
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 ofthis 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 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 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 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/r 8/2009
Tract/Parcel Map TR-36658-6
Bond No. SU I 176066
Premium {1 lsl no
FAI'IHFUL PERF0RMANCE BOND
The surety hereby stipulates and agrees that no change, extension of time. alteration or addition
to the terms ofthis agreement or to the work to be performed there under or the specifications
accompanying the sarne shall in anywise affect its obligation on this bond, and it does hereby
waive notice ofany such change. extension oftime. alteration or addition. Surety further
stipulates and agrees that the provisions ofSection 2845 ofthe Civil Code and commencement
ofconstruction are not condilions precedent to surety's obligations hereunder and are hereby
waived by surety.
When the work covered by the agreement is complete. the City ol 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 lhe 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 . 1021
NAME OF PRINCIPAL: Pulte Home ComDanv, LLC
AUTHORIZED SIGNATURE(S):tuBy:
Namc: D. Bryce Langcn
(IF CORPORATION. AFFIX SEAL)
NAME OF SURETY: Arch Insurance Company
Ai]THORIZED SICNA'IURE:
Peter S. Forker. Attorney ln Fact
(IF CORPORATION. AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SICNATURES OF'PRINCIPAL AND
ATTORNEY-IN.FACT.
9/18/2009
I
Title: VP & Treasurer
/C7.t l (^-_