KB Home Coastal, Inc. Material and Labor Bond TR29835-4 024252534Fr^IG MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
FOR: Streets and Drainage $250.00 TracUParcel Map
Water System $ 360,250.00 Other Proj. Ref.
Underwood TR29835-4
tP19-041
Bond No. 0242s2534
Premium $lncluded in Performance Bond
Sewer System $Total $
334,500.00
684 000.001
Su rety Libertv Mutual lnsurance Comoanv Principal KB Home Coastal lnc
AddreSS '175 Berkeley Street Address 36310 lnlan Va llev Drive
City/State eoston Mln City/State Wildomar CA
Zi 021 16 Zip 92595Phone 617-357-9500 Phone (951) 691-5
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
designate pub lic improvements relating to TR298354 / lP19-041 , which agreement(s),
dated , is/are hereby referred to and made a part hereof; and,
WHEREAS, under the terms of said agreement(s), principal is required, before entering upon
the performance of the work, to file a good and sufficient payment bond with the City of
Menifee to secure the claims to which reference is made in Title 3 (commencing with Section
9000) of Part 6 of Division 4 of the Civil Code of the State of California;
NOW THEREFORE, said principal and the undersigned, as corporate surety, are firmly
bound unto the City of Menifee and all contractors, subcontractors, laborers, material
suppliers, and other persons employed in the performance of the agreement(s) and referred
to Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sumof One Million Six Hundred Eiqhtv Four Thousand and no/100 Dollars, ($
1.684.00.00)for materials furnished or labor thereon of any kind, or for amounts due under
the Unemployment lnsurance Act with respect to such work or labor, that said surety will pay
the same in an amount not exceeding the amount hereinabove set forth, and also in case suit
is brought upon this bond, will pay, in addition to the face amount thereof, costs and
reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of
Menifee in successfully enforcing such obligation, to be awarded and fixed by the court, and
to be taxed as costs and to be included in the judgment therein rendered.
It is hereby expressly stipulated and agreed upon that this bond shall inure to the benefit of
any and all persons, companies and corporations entitled to file claims under Title 3
(commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right
of action to them or their assigns in any suit brought upon this bond.
Should the condition of this bond be fully performed, then this obligation shall become null
and void; otherwise, it shall be and remain in full force and effect.
d
10126t20
MATERIAL AND LABOR 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 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.
Surety further stipulates and agrees that the provisions of Section 2845 ot the Civil Code are
not a condition precedent to surety's obligations hereunder and are hereby waived by surety.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, oI May 25th
NAME OF PRINCIPAL:
AUTHORTZED STGNATURE(S):
By
N ame
Title:vlce Presld€nt, Forurard Plaile
(IF CORPORATION, AFFIX SEAL)
Company
AUTHORIZED SIGNATURE:Brenda Wo
ney-in-Fact Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
NAME OF SURETY: Liberty
to/26t20
2021
KB Home Coastal, lnc.
CALIFORNIA 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.
State of California
County of Riverside
On 112tabl before me, Shannon Luebs, Notary Public,
personally appeared Scott Hansen, 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/shelth€y
executed the same in his/he#their authorized capacity(ies), and that by
his/he#th€+ 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 PENALry OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
SHANNON TUEBS
Nolary Public - Catrrorn,e
R've,!'re courar
Conmiss,oi r 220d3!4
My Comm ExpresAug 10 2O2l
S annon Luebs (SEAL)
,
L
State of California
County of Los Angeles
on MAY
'6202t
before me, M.Gonzales , Notarv Public, personally
appeared Brenda Wong 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/t$ey executed the same in
[*s/her/the+ authorized capacity{ies}, and that by h+s/her/thei+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.
(seal)Signature
' l^ - Aa 11
./ )/{ /</6h,,r.D,L{a
il.e""r"r"r, 6Jrtv Pruri.M.GONZALT5
Not.ry Pub|( - Calilohia
Los angeles Counly
Commirtion, 2213628
My Comm. Erpires Oat 5,2021
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE S1189
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.
LibertvMutuil"
Thi8 Power of A(omey lim s thoacts ofthoso named herein, and they have no authority to
bifld thg Company except in the mann€rand lothe ertont herein rtated.
Liberty Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West American lnsurance Company
POWER OF ATTORNEY
Cedrfrcate No: I202349-0 24017
SURETY
Kt{owtl ALL PERSoNS BY THESE PRESENTS: That The Ohio Casualty lnsuEnce Company is a corporation duly organized under he laws ol the State ol New Hampshire, that
under lhg laws of trg Stale of lndiana (h€rein colleclively called the "Co.npanies") pursuant to and by au&ority herein set forlh, does hercby name, constifule and appoint, Tenzcr V
Cunningham. Manha Gonzllcs. My llua, Mechelle Lnrkin. Kalhy R Mair..loaq urn l,crez. Rcarna RanBcl. Brcndd wong
Liberly l\4utual lnsurance Company
The ohio Casualty lnsurance Company
West American lnsurance Cornpany
By
David [4 Carey Assistant Secrciary
COMilloNWEAL'H OF PENNSYLVANIA
State ol PENNSYLVANIA ..
County ol MoNTGoMERY *
On his I 4th day of Ocrober 20 I 9 befo6 m€ p€rsonally appearsd David M. Carey. who ac*norledged hims€lf to b€ he Assislant So.rdary of Liborty Mutual lnsurance
Cornpany, ftrelhio CasualtTompann and West American lnsurance Company, and bat he, as sudr, being auhorized so to do, execute be brcgoing ansfument for lhe puD6€6
lherein conlain€d by signing on behalf of lhe mDom0ons by himself as 8 duly aulhofized officer
Itl wlIi{ESS WHEREOF, I haw herounlo subG.rib€d my name and afrred my notadal seal at King of Prussia, Peinsylvdnia. on $e day and year first above wdt€il.
By
'eresa Paslella Notary Pubkci..ra.r P.irY!v6 Arhdtr o{ Nrlnc
This Por€r of Attohey is made and sxedtod purcuant to and by authority of the following By'laws and Authorizalions of Tho Ohio Casually lnsurance Company, Liborty Mutual
lnsurance Company, and Wosl American lnsurance Co.npany shidr resolutons ar6 nor in full lorce and elfect reading as lollot/s:
ARTICLE lV- OFFICERST kion 12. Power of Attomey.
anicle may be revd€d at any tim6 by the Board, lhe Chairman, the Presid€nt or by tre oficer or omcels grcnling such po|er o( auhority.
ARTICLE Xlll- Execution ofContracts: Secton 5. Su[ety Bonds and tjndertakings
shall appoinl such attorneysrn-fact, as may be necessar to a61 in behall ol he Company to make, execute, seal, ackno,,ledge and deliver as surety any and all underlakings,
Company by lheir signafuG and erecuton ol afly suclt inslrumenls and to 8(Edr thereto lhe seal of he Company. When so gGculed sucll instuments shall be as binding as il
signed by $e president and altested by lhe secretary.
obligations.
the sams lorce and eM as lhorrgh manuallyaffrxed
has not bsen r6voked.
lN TESTIMONY WHEREOF, lhaye hereunlo set my hand and allixed lheseals ofsaid Companiesthis day of MAY 26
Not dal S.rl
T6@ P6l6[., Notary Pualic
Upt€r lllanonl*p., Motoorery Count,
Vy Cmmildon Expt.. M.rch 2S 2021
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LMS-12673 LMIC OC|C WA|C MurrrCo_062013
By
n, Assistant Secretary
of ft60 pr€sonb and shall be as binding upoi he Companjes as il hey have been duly sEned by he presrdent and aiGted by the secretary of he Companies in heir fl,n prcper
pors0ns.
ll{ WITNESS WHEREoF, lhis Power ot Attorney has been subs.ribed by an auhorized officer or offcial of he Cofpanie6 and the corporate s6als of lhe Co.npani€s have been affred
hereto this I 4th day of Ocrober 20 I 9
1991
2021