KB Home Coastal, Inc. Material and Labor Bond 301412-1 0151416MATERIAL AND LABOR BOND
CIry OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
TracUParcel Map 30142-1 BackboneFOR: Streets and Drainage
Water System
Sewer System
Surety Berkley Regional ftrsurance Conlpany
AddfeSS 505 N. Brand Bvd., suite 1o4o
$
$oo
Bond No
Premium
0151416
lncluded in the Faithful Performance Bond
Principal
Address 36310 lnland Valley Drive
KB HOME Coastal lnsurarrce
City/State Glen.lale. cA City/State Wldomar CA
LI 91203 92525
Phone ere-ssor+o:Phone es1-69i-5245
WHEREAS, the City of Menjfee, State of California, and KB HOME Coastallnc.
(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
which agreement(s) isiare
hereby refened to and made a part hereof; and,
WHEREAS, underthe terns 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 perform ance of Said Civil COde in the Sum of Four Hundred Fortv
Four Thousand and No/100---- DOllafS 444.000.00 ) for materials furnished or labor thereon of
any kind, orfor amounts due underthe Unemployment lnsurance Act with respect to such
work or labor, that said surety will pay the same in an amount nol 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 judgement 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 underTitle 15
(commencing with Section 3082) of Part4 ot 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 obligation shall become null
and void: otherwise, it shall be and remain in full force and effect.
zip
public improvements relating to (TracVParcel) rr 30142-1 Backbone,
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 August 6 2! 10
NAME OF PRINCIPAL: KB HorvlE coastar rnc
AUTHORTZED STGNATURE(S):
By:
Name: 14 tcg Ae c . Fr?eeuANtrn .
lllle Vp LAND i- Fotct eRb Qcatonc-
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Berkley Resianall nce C
AUTHORIZED SIGNATURE:
Attorney-in-Fact Title
Brenda Viong. Altomey.irFFact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
AITORNEY.tN.FACT.
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
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(s) whose name(s) is/a+e
subscribed to the within instrument and acknowledged to me that
he/shelthey executed the same in his/herAheir authorized capacity(ies),
and that by his/heCthei+ signature(s) on the instrument the person(s), or
the entity upon behalf of which the person(s) acted, executed the
instru ment.
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.
FICHARD R. KELIE
Comriissloi # l7l9,1,. I
Nolqry Publlo - Colilornlq t
RrveBlde County f
WComm. !:olres Jcn 2l,2Ol lP
t/L- //4<--
Richard R. Keller (SEAL)
State of California
/rz'^-
CALI FORNIA ALL.PU RPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On August 6. 2010 before me, Tracy Aston, Notary Public, personally
appeared Brenda Wonq , 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/she/they executed the same in his/her/th€ir authorized
capacity(les), 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 officialseal.
IRACY AS ION
Commlsslon # 1739959Notory Pubflc - Cotitornto
Los Angeies County
I\i|ycfilfn. EX:ts [4or' I5,2Ot I
T racy Aston
No.7951
POWER OF ATTORNEY
BERKLEY REGION.{L INSURANCE CONIPANY
WILMINGTON, DELAWARE
NOTICET The rlaming tbund elsewhere in this Power of Attorney at'fects the validity thereol Please review carefully.
KN.OW ALL MEN BY THESE PRESENTS, thal BERKLEY RIGIONAL INSURANCE COMPANY (the '.Company,,), A
corporatiol'l duly organized and existing under the laws of the State of Delaware, having its principal office in Urbandale, Iowa.
has made, constituted and appointed, and does by these presents make, constitut€ and appoint: Thomas S. Branigan, Ashraf
Elmasry, Brenda ll/ong, Marina B. Tapia, Edwqrd C. Spector, Noemi Quiroz or Simone Gerhqrd of Aon Risk lrsurance
Services llest, Inc. of Los Angeles, C.4 its true and lawful Attomey-in-Fact, to sign its name as suety only as delineated below
and to execute, seal, acknowledge and deliver any and all bonds and undertakings, with the exception of Financial Guaranty
lnsurance, providing that no single obligation shall exceed Fifty Million and 00i100 Dollars ($50,000,000.00), to the same extent
as if such bonds had been duly executed and acknowledged by the regularly elected officers of the Company at its principal office
in their own proper persolrs.
This Power of Attomey shall be construed and enforced in accordance with, and govemed by, the laws of the State of Delaware,
without giving effect to the principles of conflicts of laws thereof. This Power of Attomey is ganted pursuant to the following
resolutions which were duly and validly adopted at a meeting ofthe Board of Directors ofthe Company held on August 21, 2000:
*RESOLI'ED, that the proper officers ofthe Company are hereby authorized to execute powers of attomey authorizing and
qualifying the attomey-in-fact named therein to execute bonds, undertakings, recognizances, or other suretyship obligations
on behalf of the Company, and to affix the corporate seal of the Company to powers of attomey executed pursuant hereto;
and further
RESOLVED, that such power of attomey limits the acts of those named therein to the bonds, undertakings, recognizances,
or other suretyship obligations specifically named therein, and they have no authority to bind the Company except in the
manner and to the extent therein stated; and further
RESOLVED, that such porver of attomey revokes all previolrs powers issued on behalf of the attomey-in-fact named; and
further
RESOLVED, that the signature of any authorized officer and the seal of the Company may be afhxed by 1'acsimile to any
power of attorney or certihcation thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or
other suretyship obligation of the Company; and such signature and seal when so used shall have the same force and effect as
though manually affixed. The Company may continue to use for the purposes herein stated the facsimile signature of any
person or persons who shall have been such officer or ofhcers of the Company, notwithstanding the fact that they rnay have
ceased to be such at the time when such instruments shall be issued."
IN WITNESS \\1{EREOF, the Company has
corporate seal hereunto afhxed this I j day of
caused these'I r'-,'", n
presents to be signed and attested by its appropriate officers and its
,2010
Aftest Belkle any
(Sea1)By By
Ira S Lederman Robert P. Cole
Senior Vice Presidert & Secretary Senior Vice President
WARNINC; THIS POWER INVAIID IF NOT PRJNTED ON BLU SECURITY PAPER.
STATE OF CONNECTICUT )
) ss:
COUNTY OF FAIRT'IELD )
Sworn to b€fore me, a Notary Public in the State ofCormecticut, th
S. Lederman who are swom to me to be the Senior Vice Presiden
Berkiey Regional Insurance Company. 4.,t t._: .,. , 1 .I r. l_.1-- l:iir ..:-,' rr- \,r'.
Notary Public, State ofConnecticut
CERTIFICATE
I, the undersigned, Assistant Secretary ofBERKLEY REGIONAL INSURANCE COMPANY, DO HEREBY CERTIFY that the
foregoing is a true, corr€ct and complete copy ofthe original power of Attorney; that said power of Attomey has not been revoked
or rescinded and that the authority of the Adorncy-in-Fact set forth therein, rvho executed the bond or
AUG
lndertaking to which this
Power of Attomey is attached, is in firll force and effect as of this date.6 201
day of
'W22*
i5 i7 46y66 'Lcr ''.. r,- .r,2010. by Roben P. Cole and lra
r. una rt. -S."io, Vi.. Fr.s7.nt and Secrerar). respectively. of
(\'v.;:"*,{-(Seal)
Given under my hand and seal ofthe Company, this
Steven Coward
-1-i-l',./L