KB Home Coastal, Inc. Material and Labor Bond 30142-1 1145786NIF
MATERIAL AND LABOR BOND
CITY OF IV1ENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
FOR: Streets and Drainage
Water System
Sewer System
B8ckbone Slreet Plan - 3 Trattic Srlnals
gad{ley Ragional lnsurnnc4 Con}panv
J
$
$
1115786
Inabdad rn thc Feilhld Pedormance Eond
TracUParcel lvlap
Bond No
Premium
3014:-1 eaclbon.
Surety
City
Principal
Address 353l0 lnl.nd Vafiey Driv.
KB H(JhlE Coaslal lnsurrnce
AddfeSS 505I Brand etrd surtr lc,4o
/Slate cl.ndale ca City/State
zip rl-zip 9:515
Phone sra-ssc-r,lo:Phone s5i-6?1-5245
WHEREAS, the City of Menifee, State of California, and KB Hr)l\.4E Cc'adal lnc
attached agreement(s) whereby principal agrees to install and complete the above designated
public improvements relating to (TracUParcel) rr 3or4:-r eacrton:, which agreement(S) is/are
hereby refened to and made a part hereof; and,
WHEREAS, under the terns of said agreement, principal is required, before entering upon lheperformance 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 3092)
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 performance of said Civil Code in the sum of r\ro Hlh(rred sevenry
(hereinafter designated as "principal") have entered into, or are about to enter into, the
r!,-.tu11l1M - _Doilars () for malerials furnished or labor thereon of
any kind, or for amounts due under lhe 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
lhe face amount thereof, cosls and reasonable expenses and fees, including reasonable
attorney's fees, incurred by the Cily in successfully enforcing such obligation, to be awarded
and fixed by the court, and to be taxed as cosls 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 under Title 15
(commencing with Section 3082) of Part 4 of 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.
$ :70 ooo oo
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 afiect its obligation on this bond, and it does hereby waive notice of any such
change, extension of time, alteration or addilion. Surely further stipulates and agrees that the
provisions of Section 2M5 of the Civil Code are not a mndition precedent lo surety's
obligations hereunder and are hereby waived by surety.
IN WITNESS WH
above named, on
EREOF, this instrurnent has been duly executed by the princapal and surely
Augui 6 ri, r,:,
NAME OF PRINCIPAL: KB HoME coasrarrrr
AUTHORIZED STGNATURE(S):
By:
Name: /x l c rJ iec ,.( .ee.rAt tIe-.Iitle: vp Ly',!> 't- FDrzu A lb PLa ar r, (.-
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Berkhy Rceonor Conp6ny
AUTHORIZED SIGNATURE:
ey-in-Fact Title
gaorda !Vmg. AIlo.nc!.FF
lnnlIu
(tF coRPoRATtON, AFFTX SEAL)
ATTAGH NOTARiAL ACKNOWLEDGMENT OF SIGNATURES OF PRTNCIPAL AND
ATTORNEY{N-FACT.
\
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Riverside
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 ofiicial seal.
trrunD &. xttltP
Co.nmb.b:l , lrl9laC
{cto,,, p\rb6c - C.Itornro iPnerrllo Ccr,lly
Wco.Irn. E Fre tJo^2t.2Ct I
2Z-t_ 14_ /*.L_
Richard R. Keller (SEAL)
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(e) whose name(e) is/are
subscribed to the within instrument and acknowledged to me that
he/ehelthey executed the same in his/herlltreir authorized capacity(ie6),
and that by his/ho#the* signature(s) on the instrument the person(e), orthe entity upon behalf of which the person(e) acted, executed the
instrument.
1
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On Auqust6.2010 before me, Tracy Aston, Notary Publlc, personally
appeared Brenda Wong, who proved to me on the basis of
satisfactory evidence to be the person(e) whose name(s) is/a+e
subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized
capacity(ies), and that by hie/her/thei+ signature(e) 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.
.,(Tr IRACY ASroNt:-. i$\ Co.mtrrlon , LJ99SNotory PuDr,c . CoIro.nIot AnEotot CountyIttycqrm 6ge.i,tqy tO. m
oE
Tracy Aston
&lqbi
\o. 7951Po\\IROtjr\ItoRNt,\'
BERKLEY RI:(;IO\-{L I\SI R.\N('I] CO\IPA\I\\'ll lll\( i IO\. t)lrt ,\\\'r\Rt:
\Oll( l:: lhc $0rnrng li)und clse\rhcre InthisPoucrol ,^\nomcl- atli,cls thc \alt(lrlyIhcreof l,l(,a\C rrllcN carclully
K\o\\' ,\t I \ll,\ l1\ llll:sl Pltl:sl.\ls. rhJl Itl:RKt t:\ t{t,(it()\.\t l\st RA\(1. (1)\ ,,\\\ (rhc '( onrpdny ). I
Irirs nuLlc. (()nstrlr.ltc,l arrd apporntcil. ;rnd docs by thcsc prcscnts nukc, constltul. rnd app.irnt thornat S. Btorrigah, Ashtdll')lnos4', llruula ,lo,tg, ,llarino B. l'apio, Edtonl C- Spector, ,\:oami Quiroz or si,none Gerhod of ..lon Risk lasuronceSerric'r's ll cst, lnc. o! l.os ,lngele\ C.4 its true and la${irl Anomey-in-l-act. to sign its n:rrne rs suretl, onlv as delineated belowan(l () .\ccule. scal. ackno$ltdgc and dchvrr anj and all bonds and undcnakintss. nrrh thc cxceptron JI-l.inancial Cuarantylnsurancc. pror iding that no srngle obligation shall excced Fifty Million .nd 00/100 Dollrrs ($50,00i,.000.00). ro thc same cxrenr
as if such bonds had been duly cxccutcd and acknou'ledgcd by the regularly clecred oflcers of the Company ;t ils principal office
rn their o$n propcr persons.
'fhrs Power of Attomey shall be consmred and enforccd in accordance with, and govemed by, the laws of the State of Delawzre,wrthout giving effect to the principles of cooflics of laws thercof. This Power of Anomcy is granted pusuant to the foltowingresolulions which were duly and validly adopted at a meeting ofthe Board of Directors ofthe Conpany held on August 21,2000:
*Rf,SOLvED, that the propcr oflicers of the Conpany are hereby authorized to executc powen ofanomey authorizing andqualifying thc atlomey-in-fact namcd thcrcin to exccute bonds, undcnakings, recognizances. or orher surciyship obligaltions
on behalf of the Company, and to afiir the corporatc s€al of the Conpany to powcrs of anomcy cxecutcd pursuant hereto;
and funher
R-ESOLI'ED, lhat such power of afiomcy limits the acts of those named thcrein ro thc bonds, undenakings, recognizances,or other surctyship obliga(ions specificatly named therein. and they havc no authority ro bind thc Compiny excipt in rhc
manncr and to thc cxtcnt thercin stated: and funher
RESOL\'III). lhal such Powcr of anomcy rcvokcs all prer ious powcn issued on behalf of thc anomcy-in-fact named: ardfunher
R-ESOLVED, lhat the signaturc of rny authorized oflicer and the scal of the Company rru) be affixed by facsimile to aoy
power of anomey or certification thercof aulhorizing thc cxecution and delivery of any bond, undertaking, rccognizance, or
olhcr surct)ship obligation ofthe Cornpany: and such signature and serl r+hen so used shall have the samc forcc and elfcct asthough manuallv affixcd. l'hc Company may continue to usc for thc purposes hercin stated thc facsimile signatue ofanypcrsoll or pdrsons who shall have bccn such oll-tcer or omcers of the Company. norwithstanding the fafi thal thcy may have
ceased lo bc such al the timc whcn such instruments shallbe issued."
IN U lINESS WHEREOI. rhe Co[pany has causcd lhese presents
(orporrrc:,cal hcrcunto allixcd rhrs I da) ol : . " -2
to b€ sign€d and ancstcd by its appropriate ollicers and its
010.
llcrkle CompanyAltcst
lj)
./
(S.all
lra S. Lcdcrman Robcn P. Colc
Scnior Vrcc l,resident & Sccrcrary Senior Vice President
1[ ARltllNC: 'l HlS POWER |NI'ALID l['r"Ol PL,NTED O.\- BLUf, .BERKLEY" Sr:CURlTy pApER
STATtI OF CON),iECT|CtlT )
) ss:('ot N'rY ol- I'A|RF|ELD )
S\ orn to belbrc nlc. a Notar)'Public in rhc Stare ofconnccticut. rhis i? d"yof a . '. 7 . 20 lO. by Robert p. Cole and lraS I cdcrtnan \rho JI( sur)m to mc lo bc lhe Senror \ rcc Prerrdent. *.1 rh. S"nroiTrcc Pr.ir,r'l6ut un.l Secrcury. respcctirely. ofll,:rkl" ) RegroDal lnsurancc Company
Ilv J
Notarv Public. Slatc of Connecticut
CERTINCATE
l. the undersigned, Assistanl S€cretary of BERKLEY REGIONAL INSURANCE COMPA:!-Y, DO HEREBY CERTIFY rhat thc
lbregoing is a true, correct and cornpletc copy ofrhe original Powcr ofAttorney: that said Power of Attomey hrs not becn revoked
or rescindcd atd that the au6ortly of the Anomey-rn-Fact set fonh therein. who exccuted the bood or undenaking to which this
Power of Attomey is attached, is in full force atrd cffcfl as of this date.
crven undcr my hand anJ scal ofthe Cornpany. this _ day of -_._ AUG - 6 2010
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