Lennar Homes of California, Inc. Faithful Performance TM28791 SU1166730FOR: Streets and Drainage
Riv. Co. Flood Control
Water System
Rec. Water
Sewer System
Total
CitylState Jcrscy City, NJ
Quartz Load
28791
su l r 66730
$ lo,7ot.oo/annum
Lennar Homes of California lnc
980 Montecito Dr Suite 206
City/State Corona CA
zip 92879Phone (95r)sr7-155,r
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
$906 000.00 Tract Map
Bond No.
Premium
1$ 868 500.00
387 000.00
41 500.00
364 000.00
567 000.00
$
$
$
$
Zip code
Phone
07311
(l(,I ) 743-4000
WHEREAS, the City of Menifee, State of California, and Lennar Home of California 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 TR 28791 , 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 3rtd \r,.]r Ir'rLrrLrre ( ,,ru,rrrrr, as surety, are held and firmly
bound unto the City of Menifee in the pe nal sum of Three Million Five Hundred Sixty Seven
Thousand and no/100 Dollars, $ 3,567.000.00 laMul money of the United States, for the pay-
ment 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 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; otheruise, it shall remain in full force and effect.
SUr€t! Arch Inslrance Cortpeny Principal
Add[€sS Ilarborsidc 3.210 tludson Strcct. Suilc.300 AddreSS
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.
FAITHFUL PERFORMANCE 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 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.
When the work covered by the agreement 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
agreements(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on Novcrnbcr 3 2020
NAME OF PRINCIPAL:Lcnnar Homes ot'Califomia, lnc.. a Califomia corporation
AUTHORIZED SIGNATURE(S):
By:
l.rj it larn So.crrst eN
e A,,l{norrzeJ A3e ^+
NAME OF SURETY Arch lnsurarrcc Co
AUTHORIZED SIGNATURE:My llur
Its rn Fact Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
(IF CORPORATION, AFFIX SEAL)
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.
State of California
County of Oranqe
on NOV032020 before me,Kathy R. Mair, Notary Publio
DATE IName of Notary Public and Tltle Notary Public'l
personally appeared Mv Hua
IName(s) of Signe(s)]
who proved to me on the basis of satisfactory evidence to be the person(e) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/thei+ authorized capacity(es), 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.
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.
sis Notary Public
Place Notary Seal Above
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
Capacity(ies) Claimed by Signer(s)
Signer's Name Mv Hua Signer's Name
E Corporate officer - Title(s)I Corporate Officer - Title(s)
E Partner- ! Limiteo E General
n lndividual I Attorney-in-Fact
Partner -
lnd ivid u al
Trustee
Other:
! Limitea E General
E Attorney-in-Fact
L l lrustee n Guardian or Conservator fl Guardian or Conservator
E other:
Signer ls Representing:Signer is Representing:
(ATHY R, MAIR
Notary Public - Calilornia
orange County
Commission # 2193966
Comr,1 22.2021
Signe(s) Other Than Named Above:
)
)
California All-Purpose
Certificate of Acknowledgment
ctvtt coDE 1189
A notary public or other officer completing this certificate verifies only the
identity ofthe individual who signed the documenl to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document. n
State of California )
County of Riverside )
On November 5,2020 before me, Beth Bruley, Notary Public,
personally appeared William Sacriste,
who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acklowledged to me that he executed the same in his authorized capacity, and that
by his signature on the instrument the person, or the entity upon behalfofwhich the person acted, executed
the instrument.
I certifo under PENALTY OF PERJURY under the laws ofthe
State of California that the foregoing paragraph is true and correct
WITNESS my hand and official seal.EETH 8RULEY
Notiry PLrbllc' C.lllornl.
RiYerslde County
Commiltlon, ?247151
,i{y Comm. ErPlr.t.Jul 24, 2022
(Seal)
@
Signature
Arc 0000280025
THIS POWER OF ATTORNEY IS NOf VAL'D U/VTESS
'T 'S
PR'AITED ON BLUE BACKGROUND.
This Power of Attorney limits the acts of those named herein, and they have no aulhority to bind the Company except in the
manner and to the extent herein stated. Not valid for Note, Loan, Letter of Credlt, Currency Raae, lnterest Ralo ot Residenlial
Value Guarantees.
POWER OF ATTORNEY
Know All Persons By These Presents:
That the Arch lnsurance Company, a corporation organizod and existing under the laws of the State of Missouri, having its principal
administrative office in Jersey Cily, New Jersey (hereinafter referred to as the "Company") does hereby appoint:
Kathy R. Mair, Mechelle Larkin and l',4y Hua of lrvine, CA (EACH)
ils true and lawful Attorney(s)in-Facl, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as
surety, and as its acl and deed:
Any and all bonds, undertakings, recognizanc€s and olher surety obligations, in the penal sum not exceoding
Njlgllr_UMg! Dollars ($90.000.000.00).
This authority does not permit the same obligation to be split into two or more bonds ln order to bring each such bond within the dollar
limit of authority as set forth herein.
The execution of such bonds, undertakings, recognizances and other surety obligations in pursuance of these presenls shall be as
binding upon the said Company as fully and amply to all inlents and purposes, as if the same had been duly executed and
acknowledged by its regularly elected officers at its principal adminisirative office in Jersey City. New Jersey.
This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of th€ Board of Directors of the Company
on September 15, 201 1, true and accurate copies of which are hereinafter set fonh and are hereby cerlified to by the undersigned
Secretary as being in full force and effect:
'VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety
Businsss Division, or their appointeos designated in writing and filed with the Secrelary, or the Secretary shall have lhe power and
authority to appoint agents and attorneys-in-fact, and to authorize them subject to the limitations set forth in their rospective powers of
attorney, to execute on behalf of the Company, and attach the seal of the Company thereto, bonds, undertakings, recognizances 6nd
other surety obligations obligatory in the nature thereof, and any such officers of the Company may appoint agents for acceplanc€ of
process."
This Power of Attorney is signed, sealed and certifled by facsimile under and by authority of the following resolution adopted by the
unanimous consent of the Board of Direclorc of the Company on September 15, 201 1:
VOTED, That the signature of the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President,
of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the
Secretary, the seal of the Company, and csrtifications by the Secretary, may be aflixed by facsimile on any power of attomey or bond
executed pursuant to the resolution adopted by the Board of Directors on September '15, 2011, and any such power so exacuted,
sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the
Company.
00r\410013 00 03 03 Page 1 ol 2 Printed in lJ.S.A.
Atc 000028002s
ln Testimony Whereof, the Company has caused this instrument to be signed and its corporale seal to be affixed by their authorized
ofiicers, this 4l day of June, 2019.
Arch lnsurance Company
Patrick K. Nails, Secretary
STATE OF PENNSYLVANIA SS
David M atein. Execulive Vlce Presidenl
COUNTY OF PHILADELPHIA SS
l. Michele Tripodi, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me lo be the
same persons .whose names are respectively as Secretary and Executive Vice President of the Arch lnsurance Company, a
Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing inslrumenl, appeared before me
this day in perspn and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and
delivered the said instrument as th6 frce and voluntary act of said corporation and as their own free and voluntary acts for the uses and
purposes therein set forth col/tLoLwElr.rr.i oF PEjllrlttLvr.r
)toTArrAL ttll
rEllEU ttroCr, Xor.., AalE(lty ol ,nard.tDhlr, mr, Co,rV
ry 6.r irlal frPl.r J'iy lt. l@!
h!.+--
t-
Miche
My co
Tri , Notary Publ
ion expires 07/31 2021
CERT'FICATION
l, Patrick K. Nails, Secretary of the Arch lnsurance Company, do hereby certify that the attached Power of Attorney daled J!!e 4, 2019
on behall of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date
thereof and is in full force and effect on the date of this certificate: and I do further certify thal the said David M. Finkelstein, who
executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly
elecled Executive Vice President of the Arch lnsurance Company.
lN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch lnsurance Company on
this _day or ilov 0 3 Z0Z0
20
Patrick K. Nails, Secretary
This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have
no authority to bind the Company except in the manner and to the extent herein stated.
PLEASE SENO ALL CLAIM INOUIRIES RELATING TO THIS BOND TO THE FOLLOWING AODRESS:
rta
r9n
llrrord
anc€
"ALlrn
Itrorrl
e€
00tv10013 00 03 03 hge2of2
u
Printed in u.s.A
Attested and Certified
tl4
0.
Arch lnsurance - Surety Division
3 Parkway, Suite 1500
Philadelphia, PA 19'102