Sutter Mitland 03, LLC Faithful Performance TM36484 1001152586IF*I
ffi
FOR: Grading/Electrical
Hardscape
Amen ities
Landscape
Contingency
Total
FAITHFUL PERFORMANCE BOND
CIry OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
000 36484
Ref. lP20-021
'1 001 1 52586 / TCSo'1 720s5
Premium S S25 000
$Tract Map
Other Proj
Bond No.
$
$
$
$
u
0.00
0.00
JJ 500.00
b 500.00
40 000 00
Surety U.S. Specialtv lnsurance Companv Principa I Sutter Mitland 03 LLC
Address 801 S. Fiquero aSt
City/State Los Anoeles City/State Costa Mesa.CA
Zip code 90017 Zip 92626
Phone 10-649-0990 (7 4)200-16091
WHEREAS, the City Council of the City of Menifee, State of California,and Sutter Mitland
03. 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 improvements relating to Tract 36484 , which agreement(s), dated
2112121 , 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 U.S. Specialty lnsurance Company, as surety,
are held and firmly bound unto the City of Menifee in the penal sum of Forty Thousand and
no/100, Dollars, ($ 40.000.00) laMul 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 kuly 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 Clty 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.
Address 3200 Park Center Drive #1000
Phone
FAITHFUL PERFORMANCE BOND
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..
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.
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 10% held as security for the one-year maintenance period provided for in the
agreement(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on February 18th , 2021
NAME OF PRINCIPAL: Sutter Mitland 01 LLC
AUTHORTZED STGNATURE(S):
By:
'AVID E, BARTLETT,ricc presideht
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: U,S. S ecial ln rance Com an
Scull, lts Attorney-in-Fact
(rF coRPoRATION, AFF|X SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
O)e6
Name:
Title:
AUTHORIZED SIGNATURE:
A notary public or other officer completing
this certilicate 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
COUNI'Y ()F Oranse
on sAa^z,h L 202t,
)
)
)
bcfore rne.
\a,vi o\
Knecht Notary Public,
personally appeared who
proved to me on the basis of satisfactory evidence to be the person(s)-whose name(rfis/are-subscribed to
the within instrument and acknowledged to me that he/s@€xecuted the same in his/he#their
authorized capacity(i,eslarrd that by his/he#their signature(s) on the instrument the person(*), or the entity
upon behalfofwhich the person(slacted, executed the instrument.
I ce(ify under PENALTY OF PERJURY under the laws of the State of Califomia that the foregoing
paragraph is true and correct.
2
{
MEAGAN KNECHT
coMM. r 2294992
ORANGE COUNIY
NOTARY PUBLIC{ALIFOR ,,OT N PU lc
MY COMMISSION EXPIBES
JU NE 29.2023
ss.
WITNESS my hand and ol'ficial seal.
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