SRP III LLC Faithful Performance Bond PLN22-0053 CNS0348746FOR LANDSCAPE:
1-Year Maintenance
Total
Community Development Department
FAITHFUL PERFORMANCE BOND
FOR
LANDSCAPE IMPROVEMENT AGREEMENT
CIry OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
$ 1.725.471.00
Surety:RLl I nsurance Company
Address: 9025 N Lindbergh Drive
City/State: Peoria lL
Zip code: 61615
Phone: (2'13)787-2035
TracuParcel Map _
Other Project No. _
Bond No. CMSO348746
WHEREAS, the City of Menifee, State of California, and, SRP lll 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 landscape projec{, related to (PLN22-0053),
which agreement(s) 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 RLI lnsurance Company, as surety, are held and firmly
bound unto the City of Menifee in the penal sum of one million seven undred twentv five
thousand four hundred seventv one , l$'1.725.471.001 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 lhe 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 and any alteralion thereof
made as therein provided, on his or their part, to be kept and performed at the time and in the manner
therein specitied, and in all respects according to their true intent and meaning, and shall indemnify
and save harmless the City of Menifee, its ofiicers, agents and employees, as therein stipulated, then
this obligation shall become null and void; otheruise, it shall remain in full force and efiecl.
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 in successfully enforcing such obligation, all to be taxed as costs and included in
any judgment rendered.
$ 1s6.861.00
Principal: SRP lll LLC
Address: 24 Corporate Plaza Dr. Ste 100
City/State: Newport Beach, CA
Zip: 92660
FAITHFUL PERFORMANCE BOND
FOR
LANDSCAPE IMPROVEMENT AGREEMENT
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition to the terms of this agreement 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.
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.
lN WTNESS \ /I-IEREOF, this instrument has been duly executed by the principal and surety
above named, on June 17,2022.
AUTHORIZED SIGNATURE(S)
NAME OF PRINCIPAL: SRP lll LLC
a Delaware limited liability company
By: Scott Road Partners, LLC
a Delaware limited liability company
By: Jupiter B-lll LLC,
a Delaware limited liability company
Its Member
Its Manager
By:
Edmond F. St. Geme
Manager
NAME OF SURETY: RLI lnsurance Compa
areta T. Thorsen,Attorney-in-Facta
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIALACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
l-i
By: Jupiter Advisors, LLC
a California limited liability company
6t
Lrt
AUTHORIZED SIGNATURE:
CALIFOiNIA AIL.PUNPO3E ACXNOWLEDGM!'{T CIVIL CODE 5 1189
A notarypublic or other officer completing tiis certificate verlffes onlythe ldentlty of the individualwho signed the document
to vrhich this certific8le is attached, and notthe tfuuttulness, Eccuracy, orvalidlty ofthat document.
State of Californla
Sacramenlo
On L(n ZZ before me, Sandra R. Black, Notary Public
Here lnsen Ndme ond Title of the OfrcerDote
personally appeared I\,,largarela T. Thorsen
Nome(s) of Signe4s)
)
who proved lo me on the basls of satlsfactory evldcnce to be the parson(s) whose name(s) is/are subscrlbedto the wnhln lnstrument and scknowledged to me lhrt he/she^hey erecuted the same ln htst/her^helr
authorized capaclMles), and that by hiyherthrlr slgnaturc(s) on thc Instrument the person(s), or the entty
upon behatf of which the person{s) acted, executed the lnstrument
t
I certify under PENALW OF PERJURY under the
laws of the State of California that the foregoing
paragraph ls true and correct
hand and
Slgnature
Ploce Notory Seol ondlot Stomp Above of Notory Publtc
OPTIONAL
CompletinE this informotion con deter tor
frdudulent reotttochment of this form to on
D.scrlptlon of Attach.d Docum.nt
Title or Type of Document:
DocumentDate: Number ofPlges: _
Signer(s) Other Than Named Above
Capaclty(lesl Claimed by Signer(s)
Signel.s Name
o Corporate Officer - Title(s):o Corporate Officer - Title(s):
tr Partner - tr Limited El Generaltr lndividual tr Attorney tn Fact
tr Trustee E Guardlan of ConseMator
tr Other:
Slgner is Representlng
tr Partner - tr Limited E Generdl
tr lndlvldual El Attorney h Flct
tr Trustea tr Gu8rdian of Conservator
tr Other:
of the
02017 Natlonal Notary Association
Slgner is Represanting:
County of
Comm
Slgner's Name:
POWER OF ATTORNEY
RLI Insurance Company
Contractors Bonding and Insurance Company
9025 N. Lindbsrgh Dr. Peoria, IL 61615
Phone: 80G645-2402
Ihow All Men by Thae Praen*:
That this Power of Attomey is not valid or in effect udess attached to tbe bond whicb ir authorizes execute4 but may be detached by the
approving offi cer if desired.
That RLI Insurance Company and/or Contractors Bonding and ltrsursnce Company, each an lllinois corporation, (separatcly and
together, the "Company") do hereby make, constitute and appoiut:
Marcarela T- ThoFen
in the City of _PjseIlgrg_. State of Califonria its true and lawful Agent(s) and Attomey(s) in F'act, with
full power and authority hereby confcmd, to sign, execute. acknowledge and deliver for and on its behatf as Surety, in generdl, any and all
bonds and uodertakings in an amouDt not to exceed
L_125.000.000.0!L_) for any single obligation.
Twcntv l\{ illion Dollars
The acknowledgment and execution of such bond by the said Anomey in Fact sball be as binding upon the Company as ifsuch bond had been
executed and acknowledged by the regulady elecled ofrcers ofthe Compaoy.
RLI lnsurrnce Company and/or Contrsctors Bonding rnd Insurence Company, as applicable. have each further certified that thc
foltowing is a truc and exact copy ofa Resotution adopted by the Board of DirectoB ofeach such corporation, and is now in force. to-wit:
"All bonds, policics, undertakings, Powers of Attomey or other obligations of thc corporation shall
tbe Company by the President. Secraary, any Assistant Secretary, Treasurer, or any Vice Presideot,
of DirectoE may authorize. The Presidert, ary Vice President, Secretary, atry Assistant SecrEtary, or thc Treasurer may appoint
Attomeys in !'act or Agents who sball have authority to issue bonds, policies or undertakings in the name ofthe Company. The corporate
seal is not oecessary for the validity of any bonds, poticies, undertakings, Powers of Attomey or other obligations of the corporation. Thc
signature ofany such officer aDd the corporate seal may be prirted by facsimile."
be executed in tbe corporate name of
or by such other ofticers as the Board
tN WITNESS WIIEREOF, the RLI tnsursnce Company and/or Cotrtractors Bonding aud lnsursnce Company, as applicable, have
caused these presents to be cxecuted by its respectivc Vice President with its corporate scal afflxed this lSth day of
March 2021 RLI InsuEDce CompiDy
Contrsctors Bondlng !trd ltrsurarc€ Compony
s},ffifiiai i SEAL.J S
2;*"'J
/ u.d'By:
Vice President
Corporate Secrctary
On this l Srh day of Marcb 2021 . betbre me, a Notary Public,
personally appearcd Barton w. Davis , who being by me duly swonl
acknowledged ttnt he signed the above Power of Anorney as the aforesaid
ofiicer of the RLI ltrrur.nce Company andlor Contractors Bondlng rtrd
Itrsuro[ce Compony and acknowledged said instrumenl to be the voluotary
I, the undersigned officer of RLI ln3urotrcc Compatry and/or
Coltractors Bondiog and ltriurr[cc Comptry, do hereby ceniff
thar the attached Power of Atlomey is in full force and ef[ect and is
irevocable; and furthennore, that the Resolution of the Company as
set fbrth in the Power of Attomey, is now in force. In testimony
whereoe I have hereuoto set my hand and the seal of the Rl-I
ItrturaDce Comp.Dy and/or Contractors Botrditrg strd losurrnce
Bsrton W. Davis
CERTIFICA'I'E
Ccmoanv this tar dav
RLI ltrrur.trce Comptny
Co[a]rctors Boodltrg rnd lnsursnce CompaDy
State oflllinois
)SS
County of Peoria
act and deed of said corporation.
C*,*.,"\0*t
Nottry fitblic
CA
dofrrcutaE,f
By
By
Jeffiey
D
Am58Dl9
.;#.r,h%'
'ii:$:irt
Catherine D. Glover
CALIFORNIA ACKNOWTEDGI,IENT CIVIL CODE g 1189
A notary public or other officer completing this certificate verifies only the identity of the individualwho signed the document
to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of
on Ju Lu 5. a0la before me,Ael hdt'' ootle Here lnsen Nome ond of the O
personally appeared edvnorU F. St 6ervr€
Nome(s) of Signe4s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed
to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.
,
ELTZAEETH r. @rr0^
Not ry Publi( . C.lilorni.
orlnge CountY
Commi$ion , 2360185
I certify under PENALW OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and official seal.
ry Colnm. Epire! Jun 7, 2015
Signature
Ploce Notory Seol ond/or Stomp Above 'noture of Notory Public
OPTIONAL
Completing this informotion con deter olterotion of the document or
froudulent reottochment of this form to on 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)
Signeis Name:Signer's Name:
o Corporate Officer - Title(s)tr Corporate Officer - Title(s):
D Partner - tr Limited E General
E lndividual tr Attorney in Fact
El Trustee tr Guardian or Conservator
tr Partner - tr Limited Et General
tr lndividual tr Attorney in Fact
tr Trustee tr Guardian or Conservator
tr Other:tr Other:
Signer is Representing Slgner is Representing:
02019 National Notary Association
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