Lennar Homes of California, Inc. Faithful Performance Bond TR37179 381458SCommunity Development Department
F A I T H F U L P E R F O R M A N C E B O N D
FOR
COMMON AREA LANDSCAPE AND IRRIGATION IMPROVEMENT AGREEMENT
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR LANDSCAPE:
1-Year Maintenance $ 38,316.00 Tract/Parcel Map TR 37179_________
Other Project No. PP2017-332
Total $ 898,114.00 Bond No. 381458S
Premium: $ 2,694.00 The Village (DA4) Menifee Town Center
Surety Developers Surety and Indemnity Company Principal _Lennar Homes of California, Inc.
Address 17771 Cowan, Suite 100 Address _980 Montecito Drive, Suite 302
City/State Irvine, CA City/State _Corona, CA _________________
Zip code 92614 Zip _92879___________________________
Phone (800) 782-1546
WHEREAS, the City of Menifee, State of California, and, _Lennar Homes of California, Inc.__
(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 common area
landscape materials and installation, related to (Tract/Parcel) TR 37179, 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 _Lennar Homes of California, Inc., as surety, are held and
firmly bound unto the City of Menifee in the penal sum of Eight hundred ninety eight thousand one
hundred fourteen and 00/100,Dollars ($898,114.00)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 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.
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.