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D.R. Horton Los Angeles Holding Company, Inc. Bond Reduction Letter TM30507 016072569MENIFEE New. Better. Best. August 25, 2020 Western Pacific Housing/DR Horton 2280 Wardlow Circle, #100 Corona, CA 92880 RE: Western Pacific Housing/DR Horton, City of Menifee, TM 30507 Bond Reduction, Bond No. 016072569 Faithful Performance Bond No. 016072569 - $289,500 Material and Labor Bond No. 016072569 - $144,750 Enclosed is a copy of the Faithful Performance Bond and the original Material and Labor Bond. Please let me know if you have any questions. Sincerely, ,72 677 Aimando G Vrlla Crlv M.ro tc{ r p anie Roseen Deputy City Clerk Brll Zrmmerm.ln Matt Lresemeyer G.eg Augusl Lesa A Sobek De.ln Dernei rc Merrl're CA 9. F.tx 951 679 3843 cityofme.lilee.us On July 1, 2020 the Menifee City Council approved the 90o/o bond reduction for the Faithful Performance Bond and release of the Material and Labor Bond listed below: Jtly 20,2020 Sarah Manwaring City CIerk City of Menifee MENIFEE 29844 Haun Road Menrfee, CA 92586 951 672 6777 Fax 951-679 3843 cityofmenite€. us Clty of Menlfuc City Cleri( AUC 20 2020 Subject: 90% Bond Reduction forTract 30507 Recelved Dear Sarah: 1. Ori inal Bond Amounts Im rovement Please let me know ifyou have any questions Sincerely, nathan Smith, P.E. Bill Zimmerman Dean Deines COLrrrCrlmernbet Armando G. Villa Crtv Mdndoer Security Faithful Performance Labor & Material Streets and Drainage 076072569 $ 208,500 $ 1o4,2so Sewer 076072569 $ 50,000 $ 25,000 Water 076072569 $ 31,000 $ 1s,s00 Total $ 289,500 $ 744,750 Improvement Security Faithful Performance Streets and Drainage 0t6072s69 $ 20,8s0 N/A Sewer 01.6072569 $ 5,000 N/A$ 3,100$ 28,950 N/A Total N/A M.tt Liesemeyer Mayor Pro Tern Greg August Lesa A. Sobek New. Better. Best. On fuly 1, 2020, the City of Menifee City Council approved the 900/o Bond Reduction ofthe Improvement Bonds for Tract 30507. 2. Reduced Bond Amounts: Director of Public Works and Engineering / City Engineer Labor & Material Water 076072569 \# . F,;,fIE FAITHFUL PERFORMANCE BOND CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1 ) FOR: Streets and Drainage g Water System $ Sewer System $Total $ 50,000.00 208 500.00 Tract Map 30507 Bond No. 016072569 Premium $869.0031000 00 289 500 00 Address 2055 Suqarloaf Circle Address 2280 Wardlow Circle. #100 City/State Duluth City/State Corona CA Zip code 30097 Zip 92880 Phone 888 557 -0524 Phone (951) 739-546 0 WHEREAS, the City of lVlenifee, State of California,and Western Pacific Housinq. lnc. a Delaware Corporation dba D.R. Horton, America's Builder (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 public improvements relating to Tract No. 30507 , 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 Liberty Mutual lnsurance Company, as surety, are held and firmly bound unto the City of Menifee in the penal sum of Two Hundred Eiqhtv Nine Thousand Five Hundred and no/100 , Dollars, $ 289.500.00 laMul 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, execulors, 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 specifled, 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. 9i8't5 Surety Ltbertv Mutual lnsurance Companv Principal Western Pacific Housinq, lnc. a Delaware Corporation dba D.R. Horton. America's Builder 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 accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive not,ce 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 for the one-year maintenance period provided for in the agreements(s). lLr-ILur AUTHORTZED STGNATURE(S): Name Title: (IF CORPORATION, AFFIX SEAL) NAME OF SURETY Libertv Mutual Insurance Company AUTHORIZED SIGNATURE 4. *^-*, It's rney-in-Fact Title Margaret A. Ginem (rF coRPoRATtoN, AFFTX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND c.,o Willis ol Florida, lnc 42 l l W. 8oy Scout thrd , Slr. '1 000 Tamp8, FL 33607 lnquiri$: (813) 281 -2095 q8, 15 ATTORNEY.IN.FACT. lN wlrNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on December 7. 2016 NAME oF PRINCIPAL. western Pacific Housinq, lnc. a Delaware corooration dba D.R. Horton, America's Builder By: Senate Bill 1050. amends Sections ll89 and ll95 of rhe Civil Code zrrd Section 8202 of the Govemmer:t Code. relating ro notaries public. The belou' phl.sical formar of rhe neu' disclosure notice is an example. for purposes of illuslralion. A notary public or otlrer officer cornpleting this cerlificate verifies only the identity of dre individual rvho signcd the document to which this certificate is attached, and nol the trudrfulness. accurac). or validit-r, of that document. o" D[rfiblr ,z ,2 C [la 6.1o.. ,...n eufrPtrrz I Pvb insen nanre and title ofofficer), personally t )cre , t'ho proved to rne on the basis of satisfactory er idence to bc the personfrJ whosc nanrdq) is/& subscribcd to the u ithin instrument and acknowled.ged to me that Nfstrclttre) exe.cuted rhc sarne in h\!her/r\ir arrthorized capaciry(hr). and that b1 hlslher4fioir signatur{r.1 on the ir)strunrcnt the person\). or tl[ entity upon behalfofwhich the persoiQ) acted, cxecuted lhe instrumenr. \ I ceni! under PENALTY OF PERIURY under the laws of the State of Califomia that the foregoing paragraph is true and corrcct WI'fNESS S igna ture m)dando cial seal (Seal) AI'GEtYN GUI ITRREZ Commi!3ion , 206010{ llotrry Pullic - Cd olni, niYaltid, County Comm llls M.r 0,2018 I I State of Califbmia cornry nrKtWAr{[( _ ACKNOWLEDGEMENT BY SURETY STATE OF FLORIDA COUNTY OF HILLSBOROUGH SS On this 7th day of December, 2015 before me, personally came Margaret A. Ginem, who is personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within lnstrument as Attorney-in-Fact on behalf of Libe{ Mutual lnsurance Company, and acknowledged to me that he/she executed the within instrument on behalf of said surety company and was duly authorized to do. ln witness whereof, I have signed and affixed my official seal on the date in this certificate first above written Signature fu"^,*-1"1,+ Gloria Robb -..;r{t{., '#iij?,fl-.nn" GTORIA ROBB Crrimlsslcn, FF 19{062 Erores Jaruary 28, 2]!19 &d€ thlq ir rluh&l-16.1019 l'his ureu.fir Ofit'iul Notariul Seul ) THIS POWER OF ATTORNEY IS OT VALIO U}iLESS IT IS PRINTED OI{ RED BACKGROUND.Itlr Por$rr ot Atlom.y lkrdta thr .cL ol thoaa nah.d h.rin. .nd th.y hav. no .uthority lo btnd t l. conwl.|ty.rc.rt in fi. ;nnG.nd to tha orLnt hr.in .t.d. Gnrn.are No 115647 furErican File and Casualty Company Liberty [IutJd lnsuraice Company The Orc Casualty lnsurance Conpany Wesl Ameflcan lnsurance Company KNOWN ALL PERSONS BY TIESE PRESENTS: Tlar Ariencen Fr.e POWER OF ATTORNEY E Ca$alty Company and Tho Oio Ca6uatty tnsurance Company are corpo.rtrms duty oe6n[ed urdd the tav6 ollho Slats ol Nga HdrEshrre. thal Lrberly ifutuat lngrrars Company B a coapddion duly orgdli2ed under h€ tarl o{ tha Stde of l,talsadrussns, dd lt€st futuric&i ln&ranco Comganrs a comoratlm duly o.g8nizod under tho la|6 of he Statr ol Indrana (h€ran coll€drely callsd lhe 'Companles'). pursuart lo afld by a.Iho.ny horein s6t forth. doos h€aoby nam€ consl(uleand apponl.Anott Cardrnalei Branctv L.Baich; Oavid H. Carr: Eileen C Hoarc,: Marqarct A r9r2 ss o(,(, o Gf CD (D i 6 t o o o E allollhoc vol lahoa dele ot FL oed indivdudly il h€ro b€ more than one named, it! Irue aod lcsful ,(omoy.jn-fact to mako e$cul6 seal, &knowledgeand dehvs lor and m jls behalf as suroty end as its aat ed d6€d. any ald Cl und€rtatrngs. bonds, recognsancss and ohd surgly obhatimi, in pursusnca of thsse prgsonts and shallte as brndnq upon lhe Cofipanies as il fDy haw been duly jgned by lho prEidonl end ailested by Ihe set'dary of the Crmp,lies in lheir om plopor porsons lN WITNESS WHEREOF. hls Power of Allom€y has b€6ar sd6gh€d by ao erlofitsd oiic€r or otfaiel of tE Coarpaoes and flo roooralo s€ds ot [te Coipar es h€ve beeo afircd2015lhoreto ths 1ah day ol &neri:a Fire ad Casualty Company The ohio Casualty lns{ranc€ Company Libe{ty Mdud lmurance Company losur ce Company By STATE OF PENNSYLVANIA COUNTY OF MONTGOMERY Davd M C 0n this -l!!!- day ol Mav , :?9.]!- bsk,€ me po.s.nally +p.8Gd Oayd M. C6roy, who alnof,ledg€d hrmsef ro be the Asststant s€cr€lary o, Arnerican FrIs and execule lhe loregoing rnslrumenl lor ths pu.poses herein co0taiocd by 3llnru oo b€haf ol ho co.poratons by hmsef as a duly auttlorized ofrcer. lN WTNESS WHEREoF. I have hereunlo subs.nbed and allixed my nolanal seal at Plymouth Meetrng. Pennsytvanie. on tne day and year lirsl above wriflen COI'MONWEALTH OF PETilSYIVANIA o goo o o c) Iil! 9 d oc qtt,,t!,l c ?li l2 q, q, o By' T6re3e Pasi.lla. Notary Public i/t nb.. P@8viv.nc A.rdle o{ rJrEm: lhis PotN6r of Allomey is msdo and 6x€ol€d purcJent lo Cornpany. Lb€rly irutual lnsuranco Corn!6ny ard V\hC auotority ol Sle t loNing By-lrrB and Auhorlzalirs otArn€riran Fi.g a.d C83uaiy Comp6ny, Tho Oho Ca!!6lty hslrance AnEican ln9.Jrdlc6 Csnp y *hich lelobtols a€ now in fuI bcs a.d €frd roadng as ldtot{s dE provi$orB ol thb artrle may be rcvoled at 8ny linr by tro Board. tle OlamEn. fu Prosded ( by h6 ofic.r s omc€rs grartrE sudt po{er or auho.ig. ereculed sudr inshumenB shall be 4 bindiog ,! if rignod by tlo p.s.lr*n rd dhdod by h. s6.nl.'y. obligatirxr3. tho sanE lo.ce ald erlod as fiol4h manuafiy afirod. Corp'll€s, l! rn full lo.c€ ,ld oi€d rd ha! no( b6dl lad(€d. lll TEST|IOflY USIEREOF. I have heralnto set my hand snd afirod he soals ol lad ComparUes ,16 Grogory W Davcngorl. ArsisLerll S€crolary ttot rd S..tT.r.l. Pr.r.!. |bl.., Pldr PlFroqth fup . irc,rEo.E, C@.ty My Cdnrnit|.6 Erpi .! U.r.t! 26 mr7 D',", /-fr//. lklrJilJ,)nlG ac=ol!-{JF asc o o]oe .9. o Eo o E coo oF o(vr{ o EooIot oo. o.0o oa@(! @o I E 0) '6 -o E r 912 $day ot Ay: 35 ol 500 I I I I LMS,r2873_122013 \# ?r,^ , {TIET MATERIAL AND LABOR BOND CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 664S9.1) FOR: Streets and Drainage $4 2 000 Tract Map 30705 Bond No. 016072569 Premium $ lncluded in the P rformance Bond 1 Water System Sewer System Total $ 25.000.00$ 15.500.00 Surety Mutual lnsurance Com an Address 2055 Suqarloaf Circle Address 2280 Wardlow Circle #100 City/State Dul GA City/State Corona, CA Zip 30097 Zip 92880Phone (951) 739-5460 WHEREAS, the City of Menifee, State of California, and Western Pacific Housino. lnc. a Co ration dba D n America's Build (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 public improvements relating to Tract No.3o5o7 , which agreement(s) is/are hereby referred to and made a part hereof; and, WHEREAS, under the terms 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 performance of said Civil Code in the sum of one Hundred Forty Four Thousand Seven Hundred Fi and no/100 ,Dollars, $ 144.750.00 for materials furnished or labor lhereon of any kind, or for amounts due under the Unemployment lnsurance Act with respect to such work or labor, that said surety will pay the same in an amount not 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 judgment 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; othenwise, it shall be and remain in full force and effect. 9/8/t5 $ 144.750.00 Principal Western Pacific Housinq. lnc a Delaware CorDoration dba D.R Horton, America's Builder Phone (888) 557-0524 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 Gode 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 December l, 2016. AUTHORIZED SIGNATURE(S) By w lluwiName Title: A)a. UUrct "^ (IF CORPORATION, AFFIX SEAL) NAME OF SURETY: Liberty Mutual lnsurance Comoanv AUTHORIZED SIGNATURE "a 4 It's A iney-in-Fact Title 9/8/ t5 MATERIAL AND LABOR BOND NAME OF PRINCIPAL: Western Pacific Housino. lnc. a Delaware Corporation dba D.R. Horton. America's Builder Margaret A. Ginem (IF CORPORATION. AFFIX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT. c./o willis of Florids' lnc. 4211 W. 8oY Scout BM , St . 1000 Tamps' FL 33607 lnquines: (t'13) 2E1'2095 Senate Bitl 1050, amends Sections ll89 and 1195 0f the civil Code and Section 8202 0f the Govemment Code, relating lo notaries public. The below physical format of the new disclosure notice is an example. for purposes of illustration. A notary public or other officer completing this certificate verifies only the identiry of*re individual u'ho signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. ( )rr )0 beftrre me-,herrer lt t(((here ho rc subscribcd to ll] crs I certify under PENALTY OF PERJURY under the laws of the State of California that the forcSoing paragraph is true and correct hand and o ial seal (Seal) AIIGELYII GUIITNR€Z Commir3aoo , 20[tr101 tlota,y Pubtic - CJfrnia Rarrrtid! County Cornm. t i,l|r 20r8 tVt'.r\h"i, on\, or the Stare of California . . co,nty of Ri\Pt(r4lz insert nanre and title officer). personally provcd to rne on thc basis of satisfactory evidencc to be the rvithin rvhosc executed the authorized the instru[rent thc cnl ity upon the instrunlent. WTfNESS S ACKNOWLEDGEMENT BY SURETY STATE OF FLORIDA COUNTY OF HILLSBOROUGH )SS On this 7h day of December, 2016 before me, personally came Margaret A. Ginem, who is personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within lnstrument as Attorney-in-Fact on behalf of Liberty Mutual lnsurance Company, and acknowledged to me that he/she executed the within instrument on behalf of said surety company and was duly authorized to do. ln witness whereof, I have signed and affixed my official seal on the date in this certificate first above written. sig nature b,@*;b4,1,- Gloria Robb GTORIA ROBE Commission FF 194062 Erpir6s J€nuary 28, 2019 sdtd.i nh 16r r$ L.lfu @i!.rfi, 'this areu jr O/fitiul Noturiul Seul \ oo G olt(, IJ o G ap o)l!o oo oc q, (ll o o oo(! EDto E a, G o, o (, '6 a .cI oF Gg o F o o G E (,i o.Gooqt o G q)oI 3 o o N@ NE tr @oooI THIS POWER OF ATTORNEY IS NOT VAUD UNLESS IT IS PRINTED ON RED BACKGROUNO. Thlr Pow.r ot Ano.ray llmltt th. .ct! ol tlro.r nalnaal ha..ln, lnd tlr.y hay. no .ulhodty to blnd lh. Comprny cxcaB in lhr lh.nn.r and to tha anant har.in tt t d.c. 6c.l8 No. ]3>q!q Afilerican Firc and Casudty Company Libedy Mutual lnsurance Compaoy The Ohio Casualty lnsuranca Company Wesl Anerican lnsurance Company POWER OF ATTORNEY aod appoot, allol lhe city ol state of _.lE!_ esdr iodivrdusll, il tharc bo mors 0la ofl6 nanEd, its lru6 End l3l ful altomey.iftlacl to m*e. 6r6cut€, s€al, aclno$,i€dga be as binding upql lh6 Cofipalio! I il hay havo b@o dut egn€d by ha prerihnl dtd attoat€d by h€ s€arEtary of lho Co.rpati€8 io hon oan Eopd porson3. lN WITNESS WHEREoF, fris Po.?or ol Aftmoy has been sub8{rib€d by an aulhonzad ofllcar or olficjal ol tn8 Companos and he coporate seals ol tr6 companies have b€6n afxed lhereto thrs lslh dav ol 2016 American Fire and Casualty Company The ohio Casualty lnsurance Company Liberty Mutual lns{raoce Company lnsurance Company By: STATE OF PENNSYI.VANIA COUNTY OF MONTGOMERY oaYid Mss On 0!B -l9l!- day or -41!- b6ro6 me p6rloardy appoa€d oavid M Caay, rho arrEiedgod hnEalt lo ba lh€ fudste* Serdery of A.IErb r Fte dd .xeo.,te tE ldegal.$ inslrunEnl foa tro Brpoa6 tE 6n co.rtflil4d bt $ging o.t bohaf of [l. coeo.alirn3 by hifildt as I fuly atrfrcttzed offcer. lN WTIIESS WHEREOF. I have heleunlo subscib€d end amred my noLrial aad al Plyrnoulh MEtiig, P€onsyvania, oi the day add year fit,llt above wnnen. COI'MONIVEAITH OF PENNSYLVA''IIA D,", /rfr//.tlol.rLl S.alT.6.. Pd., tloL., hrl. PtrElrt T., . Mdreoirr Caniy My C6 ..,dl Errn l,lf,lh 24.2017 By: Te..6a P6sl€lla, Nolary Public This Por,€r ol A(!.ney 6 md€ and oraorlod Frrloanl lo ru0lonly ol flc irlo,rilrg By-law! rd Aulho.izslioo! ol Arnorican Fil! aod Ca$6Iy Codpdry, Th€ Ohio Casudhy lnsur*lco Coftp$y. Libdty htual ln3u.elc. Cqrp']y, rd Wb6t Arsic llllua 6 CoiDaaly nikfi lllolrliori! ! no{ in tuI fultc aad o{hd leednlg aa loloi,si UE provisions of tris a.lijo may b€ lalrokld at lny tm€ by lho Board. tt€ Cnaifisn. tle fusdeil d t 0le officat d ofiad! gtl,nUng s.d1 pouer or a'rho.ity. exei€d $r.h imlrum€ils.rrd b. es Urding.s il rilFod by h. Ftidrn ard dl6l6d by tE sdrtrr. fad aB may b6 ne6!6{y lo -1 cr boldf of lho Crnpaary lo m*a. araia. 3081, d(norirdgr rd dalivr aE ilnt, any *d dl un&aling8, bod!, rccognizan os md oher 9rr6ly obligatidl! tE sdra lorcs aid 6[ocl a! tB]gh rn ,8{y afirod. Compe .o, i9 in full lxro id 6lbd dd ha. noa b66.r rrrokod ll{ IEsIfl(xY wttEREOf. I ha,e her8unb set my hdd .nd afir€d tE s.ds of lsu Conpanct t is -4 Oay of fu^hL,"-!!- Grsgory w Dav€nporl, Assaslanl S€cr6lary l9r 2: r 906 1912 LMS t2873 122013 Bv, 34 ol 500 oo