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KB Home Coastal, Inc. Faithful Performance Bond TM29835 30152615FOR: Landscape lrrigation Construction Contingency Total FAITHFUL PERFORMANCE BOND CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) 138 000.00 Tract Map 29835 199 500.00 Other Proj. Ref tP19-0641 too 000.00 Bond No. Premium 301526 15 100 500.00 $ 3,624.00/annum 604 000.00 $ $ o $ $ Surety inental lns Com n Principal KB Home Coastal lnc Address 151 N. Franklin Street Address 36310 lnland Vallev Drive City/State Chicaqo, lL City/State Wildomar CA Zip code 60606 zip 92595 Phone $1D 822-5000 Phone (951) 258-4890 WHEREAS, the City Council of the City of Menifee, State of California, and KB Home Coastal lnc.(hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreement(s) whereby principal agrees to install and complete the above designated public improvements relating to Tract 29835 POCl'l , which agreement(s), dated , is/are hereby referred to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the faithful performance of said agreement(s); NOW THEREFORE, we the principal and The Gontinental lnsurance Company, as surety, are held and firmly bound unto the City of Menifee in the penal sum of Six Hundred Four Thousand and no/100, Dollars, ($ 604.000.00) 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; othenarise, 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. \# Itt 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 ot 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 June 22,2022. NAME OF PRINCIPAL: KB Home Coastal lnc AUTHORIZED SIGNATURE(S):1 By f,lT":Wrrc t\ V) r \\,a ^s"t'" D\wclr,r-. C,.r-vro-d Pknn ^\ (IF CORPORATION, AFFIX SEAL) T n n ntal lnsur ce Com AUTHORIZED SIGNATURE: My Hua. lts Title (tF RPORATION, AFFIX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEYJN-FACT. NAME OF SURETY: CAL!FORNIA ALL-PURPOSE ACKNOWLEDGMENT 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. On June 23, 2022 before me, A. Oakman, Notary Public, personally appeared Vernell Williams, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) isia+e 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/herAheir 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. WITNESS my hand and official seal 7 A. ol&trlt {otrry Publk - C.litornh Riv.Rld. County Commir,lo.r , 2,lO3l19 Ay Comm. E4,lr6l ay 1, 2026 (SEAL) , A. Oakman I\ State of California County of Riverside i CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the documeni to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document State of California County of On Oranqe JUil 2 Z mn before me,Kathv R. Mair,Notary Public DATE personally appeared lName of Nolary Publc and Title "Notary Pub ic l Mv Hua lName{s) ol Signe(s)l who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/a+e subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/ttrei+ authorized capacity(ies), and that by hls/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. WITNESS mY hand and official seal. r^THY R. {AIR/,.R.\ .r"'.^ p,otrc - crr,tornta '''W;" :rliill'l,:i lih:1,, \ Si re of Notary Public OPTIONAL Though this section is optional, completing this information can deter alteration of the document or- fraudulent reattachment of this form to an unintended document' Description of Attached Document Title or Type of Document: Document Date Number of Pages Signe(s) Other Than Named Above Capacity(ies) Claimed by Signer(s) Signer's Name My Hua Signer's Name trtrntrtr Corporate Partner - lndividual Trustee Other: Officer - Title(s)E Corporate Officer - Title(s)tr! Limiteo ! General X Attorney-in-Fact n Guardian or Conservator Partner - lndividual Trustee Other: I Limiteo General Attorney-in-Fact Guardian or Conservator Signer ls Representing: ) ) { Place Notary Seal Above Signer is Representing: PO\\ ER ()t.' .\',t t'()RNE\' ,\PP()tr.,1 t\(; I\t)tYIDt',AL ,\',t 1 0RN I.t\'-tN-t.'.\C l Know All Men By These Presents, That The Continental lnsumnce Company, a Pennsylvania insumnce company, is a duly organized and exisling insurancc company having its principal ollcc in thc Ciry of Chicago. and State of lllinois, and that t does by vinue of the signature and seal herein aflircd hcrcby makc. con\litute and appoint Kathy R I\{air, Nlechelle Larkil, My Hua, Individualll" of lnine. CA, its true and lawful Attorncy(s)-in-Fact with full powcr and authority hereby contbrred to sign. scal and cxccutc for and on its bchalfbonds. undcrtakings and other obligatory instrumcnts of similar nature - ln Unlimited Amounts - and to bind thcnr thcreby as tully ancl tr) thc samc cxtcnt as ifsuch instrunlcnls wcrc signed by a duly authorizcd otlicer ofthe insurancc conrpany and all thc acts ofs0id Athrney. pursuant to thc authority hereby given is hcrchy rLrtified ancl conflnncd. This Powcr of Attomey is madc and cxccuted pursuant to and by authority of the By-Law and Resolutions, printcd on the reversc hcrcot, duly adoptcd. rs indicated, by the Board of Dircck)rs ofthe insurancc company. The Continental Insurance Company Paul Brutlat ice President Stale ()f South Dakota, County of Minnchaha. ss: On this 9th day ofJune,2021. bcfore me personally came PaulT. Bruilat lo me known. who. being by me duly swom. did dcposc and say: thot he residcs in thc City ofSioux Falls, State ofSouth Dakota: that he is a Vice President ofThe Continental Insurance Company, a Pennsylvania insurancc company, described in and which executcd thc above instrument; thal hc knows the scal ofsaid insurance company; that the seal allixed to the said instrumenl is such corporate seal; that it was so affixed pursuant to authority givcn by lhe Board of Directors ofsaid insurance company and that he signcd his name thercto pursuant to likc authority. and acknowledgcs same to bc thc act and deed ofsaid insurance company. ia:o ,, ;Gye M. BENT My Commission Expires March 2. 2026 M. Bent Notary Public cER l ll tc,\'ru l. D. Johnson. Assistant Sccrctary ofThc Continental Insurance Conrpuny, a Pcnnsylvania insurancc company. do hcrcby cenify that the Powcr oI Atk)mcy hcrcin above set forth is still in ti)rcc. and further cenity that thc By-Law and Resolution of thc Board of Directors of thc insurance company printcd on thc rcveNe hercofis still in tirrcc. In testimony whereof I have hcrcunto subscribed my narne and af'hxcd thc scal ofthesaid insurancc company this o"r.t JUll Z ? l0l? Thc Continental lnsurance Company D..lolrnson Assistant Secretarv Fornr F6850-.1'ltl I l !o:o Go to www.cnasuretv.com > Owner / Obligee Services > validate Bond Coverage, if you want to verify bond authenticity, lrl Witness Whereof, The Continental Insurance Company has causcd these presents to bc signed by its Vice President and its corporatq sc-al to bc hcrcto atlixetl on this 9th day ofJune, 2021. Authorizing By'-Larvs and Resolutions ADOPTED BY THE BOARD OT DIRECTORS OF THE CONTINENTAL INSURANCE COMPANY This Power of Attomcy is nrade and cxecutcd pursuant to and by authority of the fbllowing By-Law duly adoptcd by the Board of Dircctors of the Cornpany at a meetinS held on May 10, 1995. "RESOLVED: That any Croup Vicc President may authori.lc 0n olliccr to sign specilic documcnts, agrcerncnts and instrunrcnts on bchalf of the Company provided that thc nanrc ofsuch authorizcd otllccr ond a description ofthe docunrcnts. agreements or instrumcnts that such oflicer nray sign will bc providcd in writing by the Group Vicc Prcsidcnt to the Sccretary ofthe Cornpany prior to such exccution becorning eff'cctivc. This Powcr of Attomey is signed by Paul T. Bruflal, V ice Presidcnt, who has been authorized pursuant to thc above resolutio.r to cxccution powcr of attomeys on bchalfofThe Continental Insurancc Company. This Powcr of Attomey is signcd and sealed by t'acsimilc under and by thc authority ofthe following Resolution adopted by the Board of Directors of the Cotnpany by unanimous written conscnt dated the 25ih day of April, 2012. "Whercas,thebylawsoftheCunpanyorspecificresolutionofthcBoardofDirectorshasauthorizcdvariousolllccrs(the'Authorized Officers") to execute various policies, bonds, undenakings and othcr obligatory instruments of likc naturel and Whcrcas, fiom time to time, the signature ofthe Authorized Oflicers, in addition to being provided in original, hard copy format, may bc provided via facsimile or otherwise in an clectronic tbrmat (collectively, "Eloctronic Signatures"), Now thcrcfore be it resolved: that the Eleri:tronic Signature ofany Authorizcd Oilicer shall be valid and binding on the Company."