Loading...
Philadelphia Indemnity Insurance Company Faithful Performance Bond Philadelphia Indemnity Insurance CompanyE'-: j Community Development Department FAITHFUL PERFORMANCE BOND FOR BUILDING AGREEMENT FOR UNRECORDED TRACT CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) Tract Map: TR37067 Bond No.: PB03010405625 Other: Camden Place Model Homes (2018-128) Bond Amount: $50,000.0 Premium $200.00 Principal: RSI Communities- California LLC Surety: Philadelphia Indemnity Insurance Company Address: 680 Newport Center Drive 3rd Floor Address: 251 S Lake Avenue t 36 City/State: Newport Beach CA City/State: Pasadena CA Zip: 92660 Zip: 91101 Phone: 949-554-2837 Phone: 626-639-1322 WHEREAS, the City of Menifee, State of California, and, RSI Communities - California LLC (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreement(s) whereby principal agrees to pursue diligently and complete Final Map Recordation, related to (Tract/Parcel) 37067 , 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 furnish bond(s) for the faithful performance of said agreement(s); NOW, THEREFORE, we the principal and Philadelphia Indemnity Insurance Company , as surety, are held and firmly bound unto the City of Menifee in the penal sum of Fifty Thousand Dollars and No Cents ($50,000.00) 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 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 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. j ENIFE FAITHFUL PERFORMANCE BOND FOR BUILDING AGREEMENT FOR UNRECORDED TRACT 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 of Section 2845 of the Civil Code and commencement of construction are not conditions precedent to surety's obligations hereunder and are hereby waived by surety. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on November 14 NAME OF PRINCIPAL: RSI Communities - California LLC AUTHORIZED SIGNATURE(S): NAME OF SURETY: Ph AUTHORIZED SIGNATURE: 2018 Kame:�Pk-t4-i C1- waLVL , Title: [�iVl cM . Pw h/kf (IF CORPORATION, AFFIX SEAL) Inde Janif a Monroe, Attorney -In -Fact (IF CORPORATION, AFFIX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY -IN -FACT. ALL- PURPOSE CER` MCA TC OF ACKHMAIL EEDDGG`v�iENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Orange On NOV .14 2'D18 before me, Gina L Garner, Notary Public (Here insert name and U e o e o icer) personally appeared Janina Monroe who proved to me on the basis of satisfactory evidence to be the personw whose name(e) is/v3A subscribed to the within instrument and acknowledged to me that Wshe/tjW executed the same in kis/her/tkDeiT authorized capacity exX and that by JdWher/twk signature(* on the instrument the person*, or the entity upon behalf of which the personM acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. GINA L. GARNER WITNESS my hand and official seal. _ "otaryPubl"-calitornia Z < may'. _ Orange County v z _ Z r_ Commission # 2198045 My Comm. Expires May 18 2021 Notary Public Signature (Notary Public Seal) ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF THE ATTACHED DOCUMENT (Title or description of attached document) (Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer (Title) ❑ Partner(s) 0 Attomey-in-Fact ❑ Trustee(s) ❑ Other 2015 Version vmAv.NolaryClasses.com 800-873-9865 INSTRUCTIONS FOR COMPLETING THIS FORM This farm complies with cio•re» t California statutes regarding notary warding and, ifneeded, should be completed and attached to the document. Acknohredgents ff-arn other states may be completed for docrrnrents being sent to that state so long as the hording does not require the California notary to violate California notary lair. • State and County information must be the State and County where the document signer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which must also be the same date the acknowledgment is completed. • The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • Print the name(s) of document signer(s) who personally appear at the time of notarization. • Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. 13e/she/they,— is /ere ) or circling the correct forms. Failure to correctly indicate this information may lead to rejection of document recording. • "nhe notary seal impression must be clear and photo eraphically reproducible. Impression must not cover text or lines. If seal impression smudges, re -seal if a sufficient area permits, otherwise complete a different acknowledgment form. • Signature of the notary public must match the signature on file with the office of the county clerk. Additional information is not required but could help to ensure this acknowledgment is not misused or attached to a different document. Indicate title or type of attached document, number of pages and date. Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officer, indicate the title (i.e. CEO, CFO, Secretary). • Securely attach this document to the signed document with a staple. 7843 PHILADELPHIA INDEMNITY INSURANCE COMPANY One Bala Plaza, Suite 100 Bala Cynwyd, PA 19004-0950 Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS: That PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Company), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint JANINA MONROE, THOMAS G. MCCALL, TIMOTHY J. NOONAN, MICHELLE HAASE AND MARTHA BARRERAS OF LOCKTON COMPANIES, LLC its true and lawful Attomey-in-fact with full authority to execute on its behalf bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business and to bind the Company thereby, in an amount not to exceed S25,000,000.00. This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of PHILADELPHIA INDEMNITY INSURANCE COMPANY on the 14'' of November, 2016. RESOLVED: That the Board of Directors hereby authorizes the President or any Vice President of the Company: (1) Appoint Attorney(s) in Fact and authorize the Attorney(s) in Fact to execute on behalf of the Company bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and to attach the seal of the Company thereto; and (2) to remove, at any time, any such Attorney -in -Fact and revoke the authority given. And, be it FURTHER RESOLVED: That the signatures of such officers and the seal of the Company may be affixed to any such Power of Attorney or certificate relating thereto by facsimile, and any such Power of Attorney so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS CORPORATE SEALTO BE AFFDCED BY ITS AUTHORIZED OFFICE THIS 27Tu DAY OF OCTOBER, 2017. ::., r 1927 = ..` (Seal) Robert D. O'Leary Jr., President & CEO Philadelphia Indemnity Insurance Company On this 27 s day of October, 2017, before me came the individual who executed the preceding instrument, to me personally known, and being by me duly sworn said that he is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed. COMMONWEALTH OF PENNSYLVAN NOTARIALSEAL Morgan Knapp. Notary Pu6Gc NoPublic: LPt em MenonTnP_Monlgom cc,M' AhCommisabn EapOat SePL25.2021 �EYt .1e�gnwaN.byOgttpK01 residing at: (Notary Seal) My commission expires: Bala Cynwyd, PA September 25, 2021 I, Edward Sayago, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certify that the foregoing resolution of the Board of Directors and the Power of Attorney issued pursuant thereto on the 27 h day of October, 2017 are true and correct and are still in full force and effect. I do further certify that Robert D. O'Leary Jr., who executed the Power of Attorney as President, was on the date of execution of the attached Power of Attorney the duly elected President of PHILADELPHIA INDEMNITY INSURANCE COMPANY. N O V 14 2018 In Testimony Whereof I have subscribed my name and affixed the facsimile seal of each Company this day of Edward Sayago, Corporate Secretary PHILADELPHIA INDEMNITY INSURANCE COMPANY ,20 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On ►V�V(1VYLYI I� before me, �VIC1�i/I 1��/i J(1�1 a Notary Public, personally appeared C who proved 4 me on the basis of satisfactory evidence to be the personV) whose name(4) is/are subscribed to the within instrument and acknowledged to me that he/&4&/th-ey executed the same in his/Jte the authorized capacity(ies), and that by his/I,o-weir signature(.0 on the instrument the perso5(4), or the entity upon behalf of which the personas) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. BRIANNA LEIGH SALENE Notary public - California Orange County Commission # 2232704 My Comm. Expires Mar t, 2022 Signature of Notary (Affix seal here)