Wellquest Menifee, LLC Faithful Performance Bond PP2017-042 9310533FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499. 1 )
FOR GRADING:
Precise Grading
Site Amenities
Landscape
Total
s 184.000.00 Parcel Map PPl0r7-042 GP r8-057
104 000.00 GP18-057
69,500.00 Bond No. 93 105-11
357.500.00 Premium !2.1,rJ.00
Surety Fid.Lry and Dcposrt compsny of Marylud Principal \\'cllquest Ilcr!lcc. [.L(
Address t:YY zunch $'r). 5rh lil(xY Address 185 South State St.. 12'h Floor
City/State \!h.,,'rnburt. ll City/State Salt Lake ( irY. Utah
zip zip li.l I I I
Phone xrt,nrs-r,uorr
WHEREAS, the City of Menifee, State of California, and,Wellqucst Menrli't. 1.1-('(hereinafter
desagnated 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 grading proiect, rslated to (GP)
PP2O17 -042 / GP18-057. which agreement(s) is/are hereby refened to and made a part hereof: and,
WHEREAS, said principal is required under the terms of said agreement(s) to fumish bond(s) for the
faithful performance of said agr6€ment(s);
NOW, THEREFORE, we the principal and Fid.lrrv and Dcportr comp.nv ol Ma'r-,l.nit , as surety, are
held and firmly bound unto the City of Menifee in the penal sum of Three Hund Fiftv Seven
Thousand Five Hundred and !el100,Dollars ($357,500.001 laMul mone y of the united slales, lor
the payment of which sum will and truly be made, we bind ourselves, our heirs, successors, executors
and administrators, joantly and severally, firmly by these presents.
The condition of this oblagation 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: otherwise, it shall remain in full force and effect.
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As a part of the obligation secured hereby and in addition to the face amount specified therefore, there
sha be included costs and reasonable expenses and fees, including reasonable attorney's lees,
incurred by the City in successfully enforclng such obligation, all to be taxed as costs and included in
any judgment rendered.
(;l'l 7 04llr l:arthlul l'crli)rnr rcc
Other Project No.
code lnrle0 Phone (951) 757-2571
FAITHFUL PERFORMANCE BOND
FOR GRAOING PROJECTS ANO OR/EROSION CONTROL
OR LANOSCAPE IMPROVEMENTS
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 Until the Califomia Regional Water Quality Control Board
issues a Notice of Termination.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named,On March:0 :i,t9
NAME OF PRINCIPAL: wellqucst Mcnilcc. I-l-('
AUTHORIZED SIGNATURE(S):
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ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
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[]rian M. Hodges. Vice President
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Who proved to me on the basis ol'satisfactory evidence to be the person(s) whose names(s) is/are
subscribcd to lhe within instrument and acknowledged to me that her'she/they executed the samc
in hiVhcr/their authorized capacitylies), and that bv his/her/thcir signature(s) on the instrument rhc
pcnions(s). or the entity upon behalfofwhich the person(s) acted. executed the instrumenl.
WIl-NtlSS my hand and oflicial seal.
JANET M. ELWELL
NOTARY PUBLICSign ltrrc STATE oF COLORADO
I NOTARY Ic 200940404
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MY COMMISSIO 1 2C2r
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