KB Home Coastal, Inc. Faithful Performance Bond 30142-1 1145785n copy
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE. STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Streets and Drainage
Water System
Sewer System
Surety gcrtlc, Rcar(r[l lnst,anaa CdrparY/
AddfgSS 505 H B'DM Btvd . sure ro4o
TracUParcel Map
Bond No. r rr5re5
Prernium s.r r cf,a o!.
PrinciPal r'8 H'''t'rE ' 'dtrar rft
Addfgss .\6llo rnla'l ,.rr.) trr.
$
$
$
City/State City/State
Zip code er:03 zip
Phone 81&ssc!1403 Phone ssr.ssr-g:rs
WHEREAS, the City of Menifee, $ate of California,and KB HOME ao.*allnc
(hereinafter designatod as "principal") have entered into, or are about to entor into, th€
attached agreement(s) whereby principal agrees to install and complete the above designated
public improvernents relating to (Tract/Parcel) T' 1'rr't:'r which agreement(s) is,/are
hereby refened to and made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s)
for the faithful performance of said agreement(s);
NOW, THEREFORE, we the principa I and g..ll.r R e gl :,irl l,\r(r.rcr r-,-{rrprn.,,as
surety, are held and firmly bound unto the City of Menifee in the penal sum of c,'! H'ron r*6 HLnd.d
Th,)us.M Fr\,! Hondcd ad Nor'loo.- Dollafs ($r 200.$0 o0 lavrrful 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, iointly and severally, frrmly by these presents.
The condition of this obligation is such that if lhe above bonded principal, his or its hetrs,
executors, administrators, successors or assigns, shall in all things stand to and abide by, and
well and truly keep and perlorm lhe covenants, conditions and provisions in the said
agreemont 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 lherein 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 amounl specified
therefore, there shall be included costs and reasonable expenses and fees, including
reasonable attornoy's fe€s, incunsd by the City in succsssfully enforcing such obligBtion, all
to be taxed as costs and includsd 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 acmmpanying the same shall in anyr,rnse afiect 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 civ code and
commencement of construclion are not conditions preced€nt to surety's obligations hereundsr
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 arnount of the obligation of this bond is reduced by 900,6 with the
remaining 10olo held as security for the one-year maintenance period providod for in the
agreements(s).
lN WITNESS WHEREOF, this instrument has been duty
abOve named, On tu€r't 5
executed by the principal and surety
NAME OF PRINCIPAL: FB H.ME.o.israrM
AUTHORIZED STGNATURE(S)
By:
. trl.- *.1p, Je .t a,l l2b Pcaltrtr b
(rF coRPoRAT|ON, AFFTX SEAL)
NAME OF SURETY:B6.l{a, R.9o.El lngranac Cirrp&/
AUTHORIZED SIGNATURE u
Attorney-in-Fact Title
€r.r:1.),!.rtg in.mrr-ll>Fa.l
(tF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL ANO
ATTORNEY.INfACT.
Name: otc/t le-
lille: VP La,t'/b F
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of Riverside
On Auqust 10,2010 before me, Richard R Keller. Notary Public,
personally appeared Michael H. Freeman, Jr , who proved to me on the
basis of satisfactory evidence to be the person(6) whose name(6) is/a+e
subscribed to the within inslrument and acknowledged to me that
he/ehelthey executed the same in his/Fer/their authorized capacity(i€s).
and that by his/he#ttrcr+ signature(s) on the instrument the person(6). 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 offioal seal
lkt-l/L
Richard R Keller rSEAi
CAL!FORNIA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On Auqust 6. 2010 before me Tracv Aston , Notary Public, personally
appeared Brenda Wonq, who proved to me on the basis of
satisfactory evidence to be the person(e) whose name(e) is/a+e
subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in hie/her/their authorized
capacity(ies), and that by hie/her/thei+ signature(e) on the instrument
the person(e), or the enUty upon behalf of which the person(e) 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.
t.)'Y;:=
,:fu///k4
Tracy Aston
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.r tl rrr r:'rr'eutt. scal, aeknoxlcdgc Jnd dclr\cr ln) and.ll bonrlr,lnd undcnlktn!\. Nlth thr c\acpllorr (rt l:tnJn(l,rl (;urrJnt\
lns Lrr.rnec. pror rdtng thlll no srnSlc oblrgalron shall encced t ltl) llilllon rnd 00, 100 Dollers (t50.000,tX)0.00). to rhc scnr c\tcnl
.ts tl suuh bonds h,rtl bccn duly ctccutcd and lclnou lcdgcd b) lhc rcSularly clcctcd otliccrs ol-rhc (irmpanv ar ils princrpal ollicc
rn thcll o\n propcr pcriorLJ.
Itrs Porc. of Anomcy shall bc corumrcd .nd cnforccd in eccortlancr wrth. .r govcmcd by. thc la*s of thc Sta(c of Dcl.wrrc,lvltholl gtvmg cflocl to the prartclplcs of co[fllcts of h*s thcrcoli Thrs Powcr of A omcy r! grantcd pursuanl to thc followrng
rcsoluttons $hich $crc duly 8nd i aldly adoptad al ! rrrctirg of thc Boerd of Drrcctors ol rhc ( onrpgn;- hcld on Augurt 21, 2000
"RlsOLlTD. tlut thc propcr omccrs of tlrc Conprny rrc hcrcby ruthorurd to cxccut. powcrs of anomcy ruthonzrng rnd
qu!llfying th. attomcy-in-fact nrrrd thcrcin io crccutr bonds. undcnalings. rccognlrnrccs, or othcr surctyship oblgatlons
on bcMlf of lhc ('ornpEny, Bnd to lflix thc corporrtc scal of th€ ('ompany to po*crs of suomcy erecutcd pursualt hcrctoi
and llnhcr
RfSOt.vED. thal such powct of sttomc) luuti dlc .cts of thosc namcd th.rcrn ru thc bonds. undcrbhngs. rccognuanccs.
or othcr surcrvshtp ohllgatlons ripcsrlically nanrd thcrcrn. and th!.) harc no aurho t\ rrr brntl thc (irmpin) crccpl tn th.
numner and to tha exlcnt thcrcin ststad: and tunhcr
R!:SOI.\'ED. thlt luch po*cr of alorn!.) rcrokc5 all prcvtouJ po\ cr5 rssur.rl on bch,rlt ol lhc rrromcl-rn-lirt nanrd. and
,Lnhcr
RJSOI-\'ED. thtt $r stg,nalurc ol dny ruthonzcd ofiiccr and rhc scal trf tirc ( orry1Jn) nu) b< lllixcd b1 tacsrnulc to xlrpouct of rnomcy or ccrtrfrcrtron thcrof ruthorurng tlr crccuhon and dclNcr; of anr boorj, urdcnalrng. rccugruzitn€ct or
othcr lurct)shp obllganon ofthe Co[pany: and such sigmtur( aod scrl *hcn rrr usctl shall harc rht ramc forcc and c0-ect as
lhot gh manuallr aflircd. lhc C'orpan] mnv controuc lo u5. tbr thc ptrrpuxs hcrcrn ltalcd th. fJcsrmrh signarurc of an]-
pcllon or Pclsou! $ho shall hlvc bccn such olliccr or oflicrrs ofthc (i)[S,irn\. nor$rh\tlndrng thc lact thal thc) may hi.t\ c
ccascd lo br'such at thc Inr whcn strh rnstrurncnB shall bc $iu.d "
l\ \\lI\I-SS \\'HERt:Ot. thc (irnpany has eluscrl thcsc prc$cnls to bc srgncd and atlcstcd bl rtr q)Frr)pnlrc ()t'liccr\ !n(l rt\
corporrlc icirl hcrcunlo IlIjred thrs
Altcst: _1 llcrllcl Rc/a(el lnrtrr.tnr. r' ( r'rrpanr
,,' {,ay'()
Jr\ ol lrl lr)
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lra S. l-cdcrnun Robcn P. ('olc
S..nior vicr'Prcsrdcnt & Sccrr.rary Scnror vrcc Prcrrrlcnt
11 AR\ I \(i: tHls PO\\'ER l:\l Al-lD I t' :iOT PRJITf,D o\ Bl.t E -BURKLEI - sE('t rU f t PAPER.
sl ATf, or ( oN:if,('Tt('r'T )
) is:( ol Ytl ol' tAtR}'tf,l_D )
Suortttohclirrc nr.a \orar)'Public in the Starcof( onnecticul. thrr i? dorot ' ' :{I0 hvRobent, (olcandlra
S l.crlcrnun Nhtr arc sqom to nrc lo bc tha Srnlor \'ric Prcsrdenl arrd th( Scnlor \ rec l'rcrrdcnt Jod SL.crctJr). ac\pc(lricl!. ollk rIl.'\ Rcg()nJl lnsuralcr Conrplny.
' '-t -,. \otrr\ Puhlr!. SlJrc ol ('ofln{alllut
cf R I Il-l( A't t
l. thc unJtrstgncd, Assrstirnt Sccrctary of BERKLEY RECIONAI lNStrt(A\( L (1)\lP.\\\'. I)() llLRl ll\'([R'll]rY rhat fic
lbresoln8 rs a lnrc. corrccl and conplctc copy of fta origrnrl Po*c. ol Attornc): rhrr iard Po$er ol r\nomcy has not bccn rcvokcd
or rcsctulcd and that tltc autholly ot'thc Anonky.in-Frct set fonh thcrcin. \Aho crc(ulcd thc bond or undcnakrng to whrch thts
'"*.'"',il':il'i;:"1!*,1:"T}ll:T:;"*#T;1:j*'0"t,.,, AUG - 6 2010
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