VSK Investments, LLC Faithful Performance PM37145 4449551FOR: Streets and Drainage
Riv. Co. Flood Control
Water System
Rec. Water
Sewer System
Total
S u rety Markel lnsurance Comoanv
Address 3131 Camino del Rio N.#1450
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
131,500.00 Parcel Map 37145
Other Proj, Ref
Bond No.4449551
Premiu m $ 3130
'13'l 500.00
$
$
$
$
c
$
Principal
Address
VSK lnvestments. LLC
4'1805 Albrae Street
City/State City/State Freemont,
Zip code 92108 Zip 94538
Phone (6'19)4100 Phone 650-799-2 o
WHEREAS, the City Council of the City of Menifee, State of California, and VSK
lnvestmqnts, 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 desi nated public improvements relating to Parcel Map 37145, which agreement(s),
dated
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 Y319!-.1!"UEI9tgrryyas surety, are held and
firmly bound unto the City of Menifee in the penal sum of One Hundred Thirtv One
ousand Five Hund d Dollars, ($ 13'!,5!0.0!l) 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, hls 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(s) 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 of Menifee in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
San Dieoo, CA
is/are hereby referred to and made a part hereof; and,
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition to the terms of the agreement(s) 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 to the
terms of the agreement(s) or to the work or to the specifications..
Sure$ further stipulates and agrees that the provisions of Section 2845 of the Civil Code and
commencement of construclion are not conditions precedent to surety's obligations hereunder
and are hereby waived by surety.
FAITHFUL PERFORMANCE BOND
When the work covered by the agreement(s) is complete, the City of Menifee will accept the
work and thereupon, the amount of the obligation of this bond is reduced by 90% with the
remaining 10olo held as security for the one-year maintenance period provided for in the
agreement(s).
lN WTNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on December 1 2021
NAME OF PRINCIPAL: VSK lnvestments. LLC
AUTHORTZED STGNATURE(S):
By:
Na'l'itle: /Vltfibac.
(rF coRPoRATrON, AFFrX SEAL)
NAME OF SURETY: Markel lnsurance Compan
AUTHORIZED SIGNATURE:
Attorney-h-Fact Title Spencer Flake
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAI.- AND
ATTORNEY-IN.FACT,
a.raq qurnql lo d01
ulNers l0
lNrUdSvtnurHetu
6uuuasojdaU sr ]au6rS
:iaqlo !
role^rasuoc.ro uerpJenc E
a3lsn.l1 !
lcel ur lauJollv f]
te]aua9 Ll palrur'l f] rauped fl(s)alg- rarg6 aleJoooC D
tenpr^rput fl
atue11 s,rau6rg
6u[uasaJdo! sr]ouOrS
)eqrc !
JolEruasuoC.ro uerpJene E
ealsnrl Epej ur
^eu.rouv
fl
te]eue9 E pelrrrt E reuped fl(s)ap1- raorgo alerodroc !
lenpr^rpul fl
aueN s,JauOrS
(s)rou6rS
^q
paulplO (sa!)i$rcedeC
a^oqv paueN uEqt raqlo (s)Jau0rS
sa6ed lo raquinN sleo lueuncoo
:luauncoo Jo edll to alltl
lusurnroo paqseuv lo uolldlJ3sao
uaunrop )aqloue ol wJo] aql lo luewqc?ueeJ pue p^owa pappn4l Ne^dd pqo, pue
Nawnaop aql uo 6u[pJ suo ad ol alqerye^ atdd iew I '/,,'el Aq pe,nbeJ lou st
^olaq
uoneu)olut aq1 qbnoql
IVNO|-J.'dO
a U
eJnteuOrS
lerorlo pue pueq Iu ssau1r1i1
a^oqv tees fuBtoN a.et.{
an4 sr qderoered ourooarol aqt leql eru.roltec ,f3i'"t%1:
lo s/r\El oql Japun unlu]d lo A-L]vN]d .lapun
^ltua3
|
'luauJnjlsur aql paln9ax6 'polce
(s)uosJad aql LlJrrl^1lo lteqaq uodn
^lrlua
aq1 lo '(s)uosjad
aql luaurnrlsur aql uo (s)aJnleuors raqy.raq/srq,(q yeql pue
'(sar)^lr3edec pozuoqlne reqyraq/srq ur autes aql polnoaxe
,{aqyaqsTaq leqy atu ol pa6palmoul3e pue }ueurnrlsur utq}tm6ql ol pequcsqns a)elsr (s)auEu asoq/y\ (s)uosrad aql aq
ol acuapr^a fuoloelsles lo srseq aql uo ou] o] pa^oJd oq^
ezoe 901tnt s3uldxt t{l{oclyi
oooMutHS NtAS
f, AtNnOJ fgNvUO
E vrNsoj ]v3 . c tsnd ruvroN(/) gaez6zz# fi[JoC -D
oraq qurnql to dol
uSNets lo
INIUdSWNHIlHEIU
(s)r3u6rs ,o (
alell ra3 g pereadde l(lleuosrad
5leO
tz0ztrotzL
teas pr3uo eql uo sreedde lrse /lpaxe lrBpN ]o aureN uesul
'crlqnd fueloN pooriuaqs tLul aut elolaq
t aDuerg 1o,!unog
vlNuolnvc Jo f.Lvl.s
luaLrncop 1eq11o,{lrprle^ ro 'IseJncce 'ssaulnlqlnjl aql lou puB 'paqceue st alecurusf, srrll Llgtrl/v1 ol lueunrop
aq1 paubrs oq/r\ lenpr^rpur aql lo
^l[uapt
aq1 r{1uo sarluarr eye3tlrUao srql 6uualdLr.roc tacrl;o taq}o .]o 3tlqnd fue}ou V
lN31 lCOf rMONyCV SSOdUnd-ttV Vt NUOIt-'tVC
uo
CALI FORNIA ACKNOWLEDGMENT
A notary public or other officer completing this ceffficate verifies only the identity ofthe individualwho signed the document
to which this certaficate is attached, and not the truthfulness, accuracy, or validlty of that document.
County of Alameda
On 1210712021 before me,Ashwin Ash ika Prasad(Notarv Public)
Date Here lnsed Name and Title of the Officer
Suneleep Gqyalpersonally appeared
\
I
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 instrumenl the pe.son(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.
AsHWJN lsHlx PlASlDNoL.y Pubtc . c.htoi.nr.
111122E
Jan lE,2025
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.Ala.ned. C
Colnmisrion ,
Comm. Erpir.5
Signature
Place Notary Seal and/or Stamp Above Signature of Notary Public
OPTIONAL
TitleorTypeof Document
Document Date:Number of Pages_
Signe(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signeis Name Signeis Name! Corporate Officer - Title(s)! Corporale Officer - Title(s)
D Partner- ! Limited E General! lndividual ! Attorney in Fact! Trustee ! Guardian or Conservator! Other:
! Partner- n Limited ! General! lndividual ! Attorney in Fact! Trustee I Guardian or Conservator! Other:
Signer is Representing Signer is Representing
O2019 National Notary Associalion
crvrL coDE s 1 189
State of California
Name(s) of Signe(s)
Conpleting this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
POA# 510123
JOINT LIMITED POWER OF ATTORNEY
XNOW ALL M€N BY IHESE PRESENTSi Tha! Surelec lnsur.n.e Comprny. a Corporation duly orSrniled.nd exirrint und€. the laws ofthe 51are of TeI.sind havj^B irj
p.incipaloffice in the County of Hari!, TcEe.nd Markellneurance Comp.ny (th. 'Comp.n y" ), . co.po.ation duly o.tanired and €risring !nder th€ liws of rh. rtate
ol rllinoi!, and havjng its principaladministrative office in Glen Allen, Vitinia, doEs byrhere pres€nts mak., conltirute and.ppoint:
Charles L. Flake, David L Culbertson Spencer Flake, Healher Willis
Their true and lawful agen(r) and altorney(r'ln'fact, each in their separate capaciry if more than one is named above, to make, execute, reat.nd detiver for and on
theirown behalf, individuallyas a surety orjointlv,.s co'suretres, and as their act and deed any and allbonds and other !ndenakint in s!retyship provided. howeve.,
th.tthepeneltumofanyoneruchlnrtrumenterecutedhereundershaltnotexceedthesumof;
rN wlTNES5 wHEREOF, Markel rnsurance Company and SureT€c lnsu.ance Company have caused their olflcial seal to be he.eunto affixed a.d these pr€sent! to be
5ign.d by then dulyauthorized officer! on th€ mrh dayof ury
5ureTec hsura.ce Comp.nv
BV:8y
Michaet C. (en$ig, President Rutto, Se.ior Vice President
Ten Million and 00/100 Dollars {$10,000,000.00)
This Power ofAttorney k Sranted aod ir si8ned .nd real.d unde. and by the autho.iry of th€ followin8 Rerolutions .dopted by rhe 8o:rd ot oire.&l' of SurcT.c
lnsurance Company and Marlel lnru.ance Company:
'RESOLVED, That the President, Senio. Vic. Pr€sidEnt, Vice Prerident, Arrlrt.ntVic€ Pr€sld€nt, Secretary, Treasurer and e.ch of$em her€byir authorized to execute
powers of attorney, and 5uch authority can be erecuted by use of facsimile sl8n.tur., whlch hay be attested or aclnowledS.d by.ny officer o. atromey, ofthe
company, qualifoin8 the atto.ney or aliorneys n.hed in the given power of.trorney, to ex€cute in behalfof, and acknowledge ff th..ct and deed otthe surelec
lnsurance Company and Markellnsurance Compaiy, ai the case maybe, allbond unden.tln8s o6d ront..(ts ol ruretyship,.nd to.ffix the corpo.at€ sealth€reto."
On thit ?5lh day of M.v mro A. O., belore me,. Notarv Publicofthe Commonweilth ofVirgini., in and for the County ot Henrico, duly commissioned and
qualifi!d, (ame THE AEOVE OFFICrRS OFIIiE COMPANIES, to me pe6onally lnown to be the hdividualr.nd offrc€.5 dercribed ln, who crccuted the precedirS
instrument, and they actnowledted the.x.cution oframe,.nd bei.g by me duly sworn, ditpor€d and eaid that they arethe officer! ofthe said companies aforesaid,
and th.l the teah affixed to the p.oceedi.S lnnrument.r€ the Co.porate 5!.lr ol r.ld Companis!, andth€ saad Co.por.r. S.ak and lhlir rignaturer at orfacerr were
durv sftixed and subscribed to thE raid lhnrume.t by the authority and di.€.tion of lh€ 5.id.ompanie3, and th.t Resolutionr adopted by the Bo.rd ofDirecto6 of
..situ,ta.
:yi SEAL ii=
7"**m''S
;:ff fi :,":,::,",:'..-.::,;ffi _."",";pd;qE14,,r"_-
i - i corrAr ssrou I !
" tA'. \utrrBER j S :': Z-1. zouJsoe ,;S :-'z?oi.. ."1€r'
we. th. unde,sirned officers of sureTec tnsur.nre c.^r,"r,^o "",,i:r,r7!?l<i
'fi'Ot)oi*l,or *n'r,
ro.egoinB it a fulr, kse.nd.o.refl copy r. lrillin fullro.c!.nd.fecr.nd hir..4,l$,1I ort'd.
Commonweakh of VirSiria
County ol Henrico SSr
lNwlTNEsswHtREoF,weheveh.reuntorelourh..ds,end.ffixedtheseakolsaidCompanier.ontte 1St aav
day and yea.fi6t above written
that th€ oriSlnalPOWER OF AITORNTY ofwhich the
oonna Donav.nr, Notary Public
My commirsioo etpires 1/31/2023
of December
5!
MBr
Ma.tel lnsurance Compa.y
8y
r-)ri
Richard R. Grinnan, Vice President.
:9\_, --__-.-
Any lnstrum.ni su.d in exce3sollh. p.nalty st.l.d.bov. is tota y vord and wnhout.nvva dilY 5l0123
Forv.nlE.i on ot th.authortY olihE Pow.ryo! mav c.ll(713)312 0300 on.^Y bli n.ss d.Y b.lw..^ 8:3OAM andS:00 PM C5I
r-"-'