KB Home Coastal, Inc. Material and Labor Bond TP29835-2 EACX4003619FOR: Streets
Drainage
Water System
Rec. Water
Sewer System
Total
$
$
$
$
$
$
766 500.00 Project Underwood Tract No.29835-2. -3
JOb 000.001 Other Proj. Ref.
Bond No.
tP18-051
'1,402.000.00 EA x4003619
334 250.00 Premium $ lncluded in Performance Bond1
690 250.00
5,559,000.00
Address 4 Manhattanville Road
Principal KB Home Coastal lnc..Address 36310 lnland Valley Drive
City/State Purchase. New York CityiState Wildomar CA
Zip code 10577 zip 92595
Phone 9'14-468-8000 Phone (951) 691-5300
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 public improvements relating
to lP18-051 , which agreement(s) is/are hereby referred to and made a part hereof; and,
WHEREAS, under the terms of said agreement, 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 15 (commencing with Section 3082) of Part 4 of
Division 3 of the Civil Code of the State of California;
NOW THEREFORE, said principal and the undersigned, as corporate surety, are held firmly unto the
City of Menifee and all contractors, subcontractors, laborers, material persons and other persons
employed in the performance of said Civil Code in the sum of Five Million Five Hundred Fiftv Nine
Thousand and no/100 , Dollars, $ 5.559,000.00 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 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 entitles to full claims under Title 15 (commencing with
Section 3082) of Parl 4 ol Division 3 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 obligationshall become null and void;
otherwise, it shall be and remain in full force and effect.
MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
Surety Endurance Assurance Corporation
MATERIAL AND LABOR BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to
the terms of this agreement 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 of 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, on Auqust 21st , 2020
NAME OF PRINCIPAL: KB Home Coastal lnc
AUTHORIZED SIGNATURE(S):
ttBy
Name: S,o;T l.la,',sp4
Title: vf, io".-.^cl. p\,^^i,lS
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: ENd la ce co oration
AUTHORIZED SIGNATUR
ts ttorney-in-Fact Brenda Wong, VP fitle
(IF CORPORATION, AFFIX SEAI.)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-
IN-FACT.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
A notary public or other otficer completjng this certificate verilles 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 Auq ust 24, 2020 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/sheAhey
executed the same in his/heCtheir authorized capacity(ies), and that by
his/he#their signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.
I certifo 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.
SHANNOX I.UEBS
ibbry Public - Cdilomla
Rlt€lld! County
CoomR3Dn . 22m341
L.{y Comm. ErrDs Alg 10. 2021
(SEAL)
),,**^1
Shannon Luebs
ffi
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 AUG 212020 before me, R.Rangel, Notarv Public, personally
appe ared 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/they executed the same in
his/her/their 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
R.Range ,NO Public
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T,IC ELt2249405
i.Calilornia
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CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189
ENDURANCE ASSURANCE CORPORATION
i1657
POWER OF ATTORNEY
,(1roW alt ttlat fu tfrz* er.rrt rhal ENOURANCE ASSURANCE CORPORATIOiI, a Oelavrae corpola[on (rhe 'Coryoraton'). wilh olfces d 4 ManhatlaNill€ Road 3d
Floor. Pul!h6e, NY 1052. h6 made, consliuled and appomred and by lies€ presenrs, does make, consrrtule and appor Mechelle Larkin, Kathy R. lt4air, l!!y Hua,
Brenda Wong, Tenzer V. Cunningham, Martha Gonzales, Joaquin Perez, Jeffrey Strassner ib rue and raw{urAflomey(s) mjacr, and e*h ol iheo b hale lulr
und€daklno so made, €x€culed and de ivered shall obligate lhe Corporation tor any ponion ol lhe penal sum lhereol in ercess ol ttre sum ot TEN Ml LLION Dollars
($10,000,000.00)
Janlrary9
(colporate Serl)
u"de, its corpo ate sealallegted by iE Corpo€te Secreraf
and by authoily ol cerlain resolutions adopted by lho Board olDlr8clolsol lho Coeoralion by unanimous wrinen mnsenlon the glh ol Januery 2014,
^""' 'Y{o,,;-'o-€A)fu9 " ff..rrr6.Ab;,--
lhe head ng enlled'Cenilicalel
by lacsimile under and by aulhorily of the following reso ulion adopted by the Board ol D reclors of lhe Corporation by unanimous rr lten
osoiulion has nol since been revoked, amended or repealed:
allo.neypursuanttocerlainresolulionsadopledbytheBoadolDreclo6ollheCoDoratonbyunanmouswiflenconsentonJanuaryg2014
and lhe seal oi lhe Coporalion may be aflired b any suah po! rr ol allorrEy or any cerl hae relating lhereto by lacslmr q and any such
lacsimile slgnalure or sealshal be valid and binding uponthe Co$oration m lhe lulure wi$ Gspecl lo any bond orundenakng to which il
i6 caused these presenls ro be duly sEned and ils coeoraE seal to be her€unlo affued and a{eqed fis 25lh day of JtjNE ol 2019 at
ENDU RANCE ASSURANCE CORPORATION
uid€cigdod fus compdid the lol€gdrE cop, t|ereo{ rd$ the oi0inal po$er ol albrney and lhal h6 seno is a tue and corecl copy ol lhe onginal poror ol alomey and ol he
baen l€vot€d. am€nded or modfied
'RESowED. ha e&h of he irniviju* mmed belor as auhorized lo ll|.ake, exooile. s6d and dolivsr lor and on bendl ol the ColDoaton ary and all bon&, un&dekiQ6 or
odbatons in suFly or ccsml wh ollErsl
CHRISTOPHER DONELAN, SHARON L SIMS. I\AARIANNE L WILEERT
named above is aulhoded b appoinl allomeys-in-lacl lol lhr p.,rpose ol making ex€cuUng, s€alitq and deliveinq bonds Lrrderlakngs oI
iid on behall ol the Co0oralion '
lhe above resolutjons are kue and coffecl copies ot lhe resolut ons as so recorded and ol lhe who e lhercol
set my haid and afxed lhe coQorale seal lh s 21st dayoi Auousl .202q
C)^*'4
CHRISTOPHER DONELAN. PRES DENT
A.Y r.Prodlcton! i. sld
Piinry Su.ty Cbh! Sabmi$lon ll,.lytdddiig@Mpo ind M
SeV CLi6e HoUn. t77-670.7575
Mailino lddres: Sutsty Ch s D.pdn.nt, s.Epo hiahalihtl 1221Avru016.&ni6*,l8$aloa,N Ydl. NY Im20
MARIANNE L WILBERT. SENIORVICE PRESIDET.IT SHARON L, SIMS, SENIOR VICE PRESIDENT
STATE OI NEW YORI( ss: MANHATTAN
COUNIf OF NEW YORK
On lhe 25lh {ay olJUIE, ol 2019 belorc me personally cam SHARON L. SIMS SENIoRVICE PRESID€NTbnE known mo being b} me duly swon, did depose andsElhal(s)ho
rEs&s h SEoJQS PJrA'iMS. XEW JERSEY mar(s)he rs a SENIoR VICE PRESIDENT ol EN0IJMNCE ASSURANCE CORPORATIoN,lhe Corporation des.ibed in end which
xSeJE'AlFPt
h0'!ni $at (s)he sisned his (hei nam€ rhe'"ro bv like ord€r
tJ**?=**-Nolar d S03l)
SIAIE OF NEWYOR(
COUNIY OF NEl,! YOR(
CHRISIOPHER DONELAN
N cholas James Eenenati. Nolary Pubic MyCommssion Expires 126/m19ss:MANHATTAN CERTIFICATEi
$e PRESIDENI oI ENDURANCE ASSURANCE CoRPoMI|oN, a Delawae Corcoraton (fie 'Corcoralion'), tErebv cenilv: