Sutter Mitland 03, LLC Faithful Performance TM36484 1001152573FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
0.00FOR: Grading/Electrical $
Hardscape
Amenities
Landscape
Contingency
Tota I
$
o
Zip code
Phone
90017
(800) 486-66
Tract Map
Other Proj
36484
Ref. lP20-0'19
$
Surety U.S. Specialtv lnsurance C moanv
Premium 372.00
Principal Sutter Mitland 03 LLC
Phone (7 4)200-'1609
0.00
0.00$ 77,500.00$ 15.500.00
000.00
Bond No. 1ool l52s73lTcso17zo44
o
o
Address 801 S Fiqueroa Street Suite 700 Address 3200 Park Center Drive #1000
City/State Los An eles CA City/State Costa Mesa CA
1
WHEREAS, the City Council of the City of Menifee, State of California,and Sutter Mitland
01. 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
112712021 , 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 Ninety Three
Thousand and no/100 , Dollars,93 000.00 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(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.
Zip 92626
&ElrrEt
I
FAITHFUL PERFORMANCE BOND
above named,on February 01,2021
NAME OF PRINCIPAL Sutter Mitland 01, LLC
AUTHORIZED SIGNATURE(S):
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 notite 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 amouniof the obligation of this bond is reduced by 90% with the
remaining 10% held as security for the on--year maintenance period provided for in the
ag reement(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
(
By:
Name
Title:DAVID E. BARTLETT
Vice President
(rF CORPORATION, AFFIX SEAL)
NAME OF SURETY:S.S ecial lns nce Co an
AUTHORIZED SIGNATURT
lie W Scull, lts Attorney-in-Fact Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
r
q 6
A notary public or other officer completing
this certificate verifies only the identity of
the individual who signed the document to
which this certiflcate is attached, and not the
truthfulness, accuracy, or validity of that
document.
STATE OF- CALIFORNIA
COUNTY OF Oranse
On ,202t,6e t
personally appeared dE .barlV
proved to me on the basis of satisfactory evidence to be the person(€) whose name(*) is/are-subscribed to
the within instrument and acknowledged to me that he/sHttrey/executed the same in his/Htheir
authorized capacity(ies) and that by his/herlttreir signature$) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the inslrument.
I certif, 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
, Notary Public,
who
z
{
MEAGAN KNECHT
coMM. * 2294992
ORANGE COUNTY
NOTARY PUBLIC{ALIFORNIA
MY COMMISSION EXPIRES
JUNE 29,2023
,
N c
SS.
ffi€,
)
)
)
()!l fuPtoN lo arnleu6rs)
lpas lpt]ulo pup pueq Iu Ssltt.t-ttrt
'tlerJol pue anj1 sr qde:Eered
Euro8atol aql leqt tnlrttauuol Jo atpls aqt jo smel aqt rapun UnfUld lo Al]VNld rapun ^Iual I
'lueurnrlsul
slrll palnlaxa 'pal)e (s)uosrad eql qrlq,\ jo l)eqaq uodn
^lllua
aql lo '(s)uoslad aql luauJnllsur aql
uo (s)arnteu6ts laqt/req/sul eq tpqt pue '(sal)^})pdpr pazuoqtne rrerll/req/slq u! aurps aqt patnlexe
Aaql/aqs/eq leql au ol paEpalmourl:e pup tuaulnllsut urqlL^ aql ol paqrJlsqns alp/sr (s)aulpu asoqM
(s)uosJed aql aq ot a)uepr^e fuot)ersrles lo srseq aqt uo au ol
pareedde
^llpuosrad
'l0qnd fuetou e-lqjlntSpuR-T5ldf au aro
pa^ord oq^
proJueH lo lJ_Nnolm5ii5EIIo5 lo l1y1s
uo
lnSnd AUVIoN lo lNlwl9ol]MoNylv ro 3l-v)Htlulf