KB Home Coastal, Inc. Faithful Performance Bond 29835-2 024251051Community Development Department
FAITHFUL PERFORMANCE BOND
FOR
MODEL HOME COMPLEX
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
TracVParcel Map 29835-2
FOR LANDSCAPE:
'1-Year Maintenance $ NiA
Total $23 500 00
Surety Liberty [.4utual lnsurance Companv
Address 175 Berkley Street
City/State
Other Proiect No. PP PLN21-0027
Bond No 024251051
Principal
Address
KB Home Coastal, lnc
36310 lnland Valley Drive
City/State Wildomar, CA
Zip code
Phone
o2117 Zip 92595
617-357-9500
WHEREAS, 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 Model Home
Complex project, related to (TracvParcel) 29835-2 (PLN21-0027), 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 Libertv Mutual lnsurance companv , as surety, are
held and firmly bound unto the City of Menifee in the penal sum of Twenty-three Thousand Five
Hundred Dollars and o Cents I$23.500.00) lawf ul money of the United States, for the payment of
which sum will and truly be made, we bind ourselves, our heirs, successors, executors and administra-
tors, 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 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 voidl otherwise, it shall remain in full force and effect.
As a part ofthe 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 obligatron, all to be taxed as costs and included in
any judgment rendered.
Boston MA
FA!THFUL PERFORMANCE BOND
FOR
MODEL HOME AGREEMENT
The su rety hereby stipulates and agrees that no change, extension of time, alteratlon 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 WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on March 4th 2021
NAME OF pRlNClpAL: KB Home coastal, lnc.
AUTHORTZED STGNATURE(S):
By:
me
Title:
Scott Hansen
VP, Forward Planning
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY:Li
AUTHORIZED SIGNATURE:
rney-in-Fact Brenda ong Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
lnsurance Company
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 ^ t -l315l2t 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/a+e subscribed
to the within instrument and acknowledged to me that he/shelthey
executed the same in his/he#thei+ authorized capacity(ies), and that by
his/he#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.
SHANNON LUEBS
Notary Pubk - Catrfarnra
Rre6ide Countu
CoDtliss0n , 220d344
My Coftm ExprresAug 10 2O2t
)/Ytr,**'1 ,\
Shannon Luebs (SEAL)
ffiffi...1r:*\w
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 Los Angeles
On .rrn n,l 10?t before me, R.Rangel, Notarv Public, personally
appeareBn^ Hi"ii. wone 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/thei+ authorized capacity(ies), and that by his/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
. Rang Notary Public
co R. RAI{GEt
MM. #22494052
od2
Notary Public. Calilornia ,
Los Angelss Cou
Comm. E iros Au ,2022
o
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189
LibertvMutuil
This PowerofAttoroey limiti th6 acts olthose named herein, and they have no authodfy to
bindthe Company ercept in the manner and to the ertenl herein stated.
Liberty Mutual lnsurance Company
The Ohio Casualty lnsurance Company
West American lnsurance Company
POWER OF ATTORNEY
Cerlrfi cale No 8202349-02401 7
SURETY
KNoWN ALL PERSoNS BY THESE PRESENTS: That The ohro CasLralty lnsurance Company is a corporalron duly organrzod under lhe laws of lhe State of New llampshire, liat
Cunnrnghlm. Manha Conzales, My Hua. Mechellc l.arlin. K,rlh! R M.rrr Joaquin Pere7. Rcgrna Ran8cl. Ilrcnda wong
alloflhe cily of slale of ( LrlLli)rnr each individually f there be more lhan one named, its L,!e and lawful attorney- n-facl to rnake,
of lhes€ prosanls and shall bo as binding upon the Companies as il hey have boen duly sir,lned by lhe president and altested by tho socrelar of lie Companies in heir o$/n proper
persons.
lN IYITNESS IVHEREoF, his Power ol Attorney has been subscribed by an authorized olficer or official of the Companies and lhe corporate seals of lhe Cornpanies have b€en affxed
lhereto this I 4$ day ol Octobcr 20 I 9
Uber9 Mufual lnsurance Co.npany
The Otio Casualv lnsurance Coanpany
Wesl Amedcan lnsurance Conpany
By:
David M. Carey, Assistant Secrctary
Slate of PENNSYLVANIA
County oIM0NTG0MERY SS
0n this l41h d6v of October , 2019 before me p€rsonally appoared David l\,4. Carey who ackno,Jledggd himself to be he Assistant Sacretary of Liberly [4utual lnsuranc8
Companyjhe ohio Casualt!, CornpaD,, and West Amencan lnsurance Company, and that he, as such, being authoriz€d so lo do, execute lhe forEoing inskumenl for the purposes
thorein conlained by signing on b€halfofthe corporalions by hims€lf as a duly aulhorized offic€r
INWTNESS WHEREoF, lhave hereunlo subscribed my name and arfxed my notanalsealal Kinq ol Prussia, Psnnsylvania on the day and year lilst above written.
COMIIONWEAITH OF P€I.IT.ISYIVANIA
eresa Paslolla Notary PublicMmbPmdYlv.ndAill*fuolNdffi
lnsurance Company, and Wesl American lnsurance Company vrtlich rcsolutrons are now rn fullto.@ and ellect reading as follows:
ARTICLE lV-oFFICERS: Section 12. Poser of Atlorney
anicb may be rgvoked alanylime bythe 8oad, the Chairman, the Pr€sidenl orby the olficer or offrcels q ranting such power or auhodty
ARTICLE Xill- Erocution ofContEcts: Se.lion 5 Surcty Eonds and LJndsdakings.
shall appoint sudt attorneysinlact, as may be ne@ssary to acl in behall of he Company to make, execule, ssal. aclnoiledge and deliver as surety any and all undsllakings,
Company by lheir signabre and ereculion ol any sudr instruments and to attach thereto he seal of lhe Company \,lhen so erecutgd such inshuments shall be as binding as il
soned by lhe prcsid€*rt and atesled by the secretary.
obligations.
the samg lorce and effsct as though manually aflixed.
l, Renee C Llswellyn, lh6 und€Eigned, Assistanl Seclotary The ohio Casualfy lnsurance Company,
h€rcby c€rli, thst h€ original power of altorney of which the foregoing is a full tru€ and co(ect copy of
has not bgen revoksd.
lN TESTIMoNY WHEREOF I have herelnlo sel my hand and affrxed lheseals olsaid Companiesthis
tttor.riat sdt
Td.aa P6rdl., tloigry Public
l.)p9.. rr.mTrD., Moloo.€.v cdnlY
My comB.is ErpaD irard 2s.2o2 r
/rrh
Liberty l!,4utual lnsurance Company, and west Americ€n lnsurance Company do
lhe Po er ol Attom€y oxecut€d by sad Coinpanres. s n fulllorco and sffect and
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