LC Paving and Sealing, Inc. Material and Labor Bond CIP21-09 CMGP00005171Bond No.: CMGP0000517.1
Premium lncluded ln The Performance Bond
Executed in Three (3) Originals
PAYMENT BOND
(Bond for Labor and Material)
KNOWALL MEN BY THESE PRESENTS: THAT
WHEREAS, the City of e ifee, in the County of Riverside, State of California, byminute action passed has awarded to LC Paving & Sealing, Inc.hereinafter designated ast e rincipal," a contract for construction of the Murrieta Roadand sun city Blvd. Traffic signal lmprovement project, clp 21-09 project together withappurtenances thereto, and
WHEREAS, said Principal is required to furnish a bond in connection with saidcontract providing that if said principal, or any of his or its subcontractors shall fail to pay forany materials, provisions, provender, or olher supplies or equipment used in, upon, or aboutthe performance of the work contracted to be done, or for any work or labor done lhereon ofany kind, the surety of this bond will pay the same to the extent hereinafter set forlh;
Now, THEREFoRE, we LC Paving & sealing, lnc. as principal, and Argonaut lnsurancecompany, as surety, are held and firmly bound unto the city of Menifeel hereinafter calledthe city, in the penal sum of one hundred percent (100%) of the amount Eight HundredNineteen Thousand Four Hundred Sixty Nine and 59/100 Dollars (gg19,469.SS;, tawtulmoney of the united states of America, for the payment of which sum well and truly to bemade, we bind ourselves, our heirs, executors, administrators, successors, jointly and
severally, firmly by these presents.
THE coNDlrloN oF THts oBLtGATtoN ts sucH THAT if said principat, his or its
heirs, executors, administrators, successors, or assigns, shall fail to pay for any materials,provisions, provender, rented or hired teams, implements, or machinery, or otheisupplies orequipment of any kind used, in, upon, for or about the performance of the work contiacted to
be done, including, but not limited to, that part of water, gas, power, light, heat, oil, gasoline,
or telephone service directly applicable to the contract, or for any work or labor thlreon of
any kind, or for any amounts due under the california Unemployment lnsurance code with
respect to such work or labor, or for any amounts required to be deducted, withheld, and paid
over to the Employment Development Departmenl from the wages of employees of said
Principal and subcontractors pursuant to Section 13020 of the california Unemployment
lnsurance Code with respect to such work and labor, and provided that any person, so
furnishing said supplies or equipment contributing to said work to be done, or any person
who performs work or labor upon the same, or any person who supplies both work and
supplies or equipment therefore shall have complied with the provisions of Chapter 7 of Title
15 of Part 4 of Division 3 of the california civil code, as amended, or any successor thereto,
then said Surety shall pay the same in or to an amount not exceeding the amount
hereinabove set forth and also shall pay in case suit is brought upon this bond, such
reasonable attorney's fees as shall be fixed by the court.
The bond sharr inure to the benefit of any and a[ persons, companies, andcorporations named in california civil code section 31g1, as amended, or any successorthereto, so as to give a right of action to them or their assigns in any suii broug'ht upon thisbond.
FURTHER, the said surety, for value received, hereby stipulates and agrees that nochange, extension of time, alteration, or modifications of ths contract Documjnts or of thework to be performed thereunder shall in any way affect its obligations on this bond and itdoes hereby waive notice of such change, extension of time, alteration, or modification of theContract Documents or of work to be performed thereunder.
_ Notices, papers and other documents required by chapter 2 of rifle ,14 of patt z oicode of civil Procedure, or by any other law, regulation, or requirement of the contract maybe served upon Principal at this address: 620 Alpine way, Escondido, cA 92029 and uponsurety atthis address: c/o cMGlA, 20335 Ventura Blvd., Ste 426, woodland Hills, cA 91364
lN wlrNESS wHEREOF, three (3) identical counterparts of this instrument, each ofwhich shall for all purposes be deemed an original thereof, have been duly executed by thePrincipal and Surety herein named, under penalty of perjury, on the 4th day of January ,2022, the name and corporate seal of each corporate party being hereto afiixed and thesepresents duly signed by its undersigned representative pursuant to authority of its governing
body.
By
LC Paving & Sealing, lnc.
620 Alpine Way
Escondido. CA 92029
Principal
Argonaut lnsurance Company
c/o CMGIA
20335 Ventura Blvd., Ste. 426
oodland Hil 91364
Su rety
By
ear,acta
2
ACKNOWLEDGMENT
State of California
County of San Diego
On before me,Marisa Haas, Notary Public
(insert name and title of the officer)
personally appeared Jose A. Salinas
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the
person(s), or the entity upon behalf of which the person(s) 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.
WTNESS my hand and official seal TARISAANN HAAS
Notary Pubii(. Caiitornr.
San Diego Colrnw
Conmisrion : 23C4519
MyCoftm. trprrer 5e! lr :C2_i
Signature (Seal)
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
valid of that document
)
Bond No.: CMGP00005l7l Premium: $11,695.00
Argonaut Insurance Company
Deliveries Only: 225 W. Washington,24th Floor
Chicago, IL 60606
United States Postal Service: P.O. Box 469011, San Antonio, TX78246
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: Thar rhe Argonaut Insurance Conrpary. a Corpomtion duly organized and exisring under lhe laws oflhe Slale
oflllinois and having ils principal offi€e in lhe County ofCook, Illinois does hereby nonrinate, constitute and appoinl:
Cabriella Cradv. Shilo Lee Losino. Slephanie [{opc Shear. Elizabeth Santos. Slacc! Carcia- Matthcw Dionisio
Thet true and lawful agenl(s) ard attomey(s)-in-fact, each in their separate capacity ifmore than one is narDed abovq tq make, execute, seal and deliver for
and on ils behalfas surety, a.nd as ils acl and deed any and all bonds, coDtracts, agreements of indemnity aod other undenalings in suretyship provided,
however, that the p€nal sum ofany one such instrumenl execuled hereunder shall not exceed lhe sum of:
s15.000.000.00
This Power ofAnomey is granred and is signed and scaled under and by lhe auriority oflhe folL^ving Resolulion adopled by the Board ofDirectors of
Argonaul lnsunnce Company:
"RESOLVED, That the President, Senior Vice Prcsidenl, Vice President. Assistanl Vicc hesi(knr. Secretary. Treasurer and cach ol'them hereby is
aulhorized to exccute powers ofattorney, and such authority can be executed by use of facaimile signature, which may be ancsled or acknowledged by any
officer or attomey, ofthe Company, qualifying thc atlomey or attorneys nanred in the givcn power ofattomey. to execulc in bchallol and acknowledgc as
the acl and decd ofthe Argonaul Insurance Conrpany, all bond undeflakings and contracls ofsurctyship, and to affix the corporatc seal thereto."
lN WITNESS WHEREOF. Argonaul lnsurarce Company has caused its oflicral seal lo be hereunto affixed and these prcscnls 1l) be signed by ils duly
authorized officer on lhe Ist day ofJune, 2021
STATE OF TEXAS
COTJNTY OF TIARRIS SS:
.:i:i#,.q,
iflse,6r;!!
"t'..'ta^oa".-'ta'"'",,;;:::,:,...""
Ar8onaut Insuraoce Company
by
Joshua C. Betz , Senior Vice President
On this I st day ofJune, 2021 A.D., bcfoE me, aNotary Public ofthe Slate of Texas. in and lbr the County of Harris, duly commission€d and qualified,
came THE ABOVE OFFICER OF THE COMPANY,lo nre personally k own lo be lhc individual and officer described in. and who executed the preceding
insrumenl, and he acknowledged thc execulion ofsanre, and being by me duly swom. deposed and said lhat he is the oflcer ofthe said Company aforesaid,
and that the seal alfixed to the prcceding instrumenl is the Corpomte Seal of said Company. and lhe said Corporate Seal and his signature as officer werc
duly aflixed and subscribed to the said inslrumenl by the authority and direclion ofthe said corporatioo, and lhal Resoluion adopled by the Board of
Directors ofsaid Company, Gferred lo in lhe preceding instrumenl is no$ in tbrcc.
IN TESTTMONY WHEREOF, I have hereunto set my hand, and amxed my Omcial Seal al lhc County ofHarris. thc day and ycar llrst above wrilten
Z@
-rrdr-,,.r-r*.*rur,ra
I, the undersigned Offic€r ofthe Argonaur lnsunnce Company, Illinois Corporation, do hereby certiry that the oriSinal POWER Of ATTORNEY ofwhich
the forcgoing is a full, true and corrcct copy is slill in full force and effecl and has not been revoked.
lN WITNESS WHEREoF, I have hereunto sel my hand. and affrxed the Sealofsaid Company, on lhe 4th dayof Je4uqIy .2,022
James Bluzard . vice Presidenl-surety
<AT'HLEEN M MEEKSNOIAFIY PLIBLICST TE OF TE)(A-S
MY COMM E)(P O7,/15/2S
NOiA FrY rD 557to2-a
Lzt
4*n
IF YOTJ TIAVE QUESTIONS ON ATITHIINTICITY OTTHIS DOCUMf,NT CALL (833) 820.9I37.
caLtFoRNlA aLL-PURPOSE ACKI{OWLEDG ENT CtvtL coDE s 1189
v'r-Y,;....\.2.{{r{+t.{.-.'-.{+t<.:.....=.^....t.?.--l.^.....\.-...^.{,.....^.+.!^...\.'-.-..{.Y'{
A notary public or other otficer completing this cedificale 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 Los Angeles 1
On before me,Lucas Patterson, Notary Public
Date
personally appeared
Here lnsed Name and Title of the Officer
Stephanie Hope Shear
Name(s) of Signe4s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that helshe/they executed the same inhis/her/their authorized capacity(ies), and that by hiyher/their signature(s) on the instrument the person(s),
or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PEHJURY under the laws
of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and offici
Signature
Signature of blic
OPTIONAL
Description of Attached Document
Title or Type of Document:Docu
Number of Pages: _ Signe(s) Other Than Named Ab
Capacity(ies) Claimed by Signer(s)
Signer's Name:gner's Name:
n Corporate Officer - Title(s):! Corporate Officer - Title(s)
E Partner - ! Limited nGener
S
tr lndividual
E Trustee
! Atto
an or Conservator
!Padner- n Limited ! General- lndividual E Attorney in Factf Trustee ! Guardian or Conservator
tr Other:
Signer ls
f Other:
tng Signer ls Representing
02014 National Notary Association . www.NationalNotary.org . 1-800-US NOTARY 0-80G87ffi827) ltem #5907
JAN 04 2022
Place Notary Seal Above
Though this section is optional, completing this information can deter alteration of the
fraudulent reattachment of this form to an unintended document.