Pinehurst, LLC Faithful Performance Bond TR28789-2 759680Sr
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FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
28789-2
759680S
FOR: Streets and Drainage
Water System
Sewer System
$
$
286,000.0 Tract Map
Bond No.
Premium
0
Surety Developers surety And Indeunity
AddreSS Company P 0 Box 19725
$ 4 , s76.00
Princrpal Pinehurst LLC
Address 1000 Dove Street Suite 100
$
City/State rrwine - cA City/State Newport Beach, CA
Zip code 92623 Zip 92660
Phsng 1-800-782-1546 Phone (949) 660-8988
WHEREAS, the City of Menifee, State of California,and Pinehurst. LLG (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 TR 28789-2 , 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 [evelopers Surety And Indeurnityt:^mn.n17 ,as
surety, are held and firmly bound unto the City of ivleiifee in the penal sum of Two Hundred
Eiqhtv Six Thousand and no/100 , Dollars, $ 286,000.00 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.
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.
Executed in triplica t e
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.
Executed in t rlp licate
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 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 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).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named,on October 6 20t6
NAME OF PRINCIPAL:Pinehurst LLC
AUTHORTZED STGNATURE(S):
By: Pacific Communities Builder, lnc., its Manager
By:
Name: Ne hungTitle: Pre ent
(rF coRPoRATtON, AFFrX SEAL)
NAME OF SURETY: Developers Surety And IndexnnLty Company
AUTHORIZED SIGNATURE:
Its Attorney-in-Fact Morag A. Corey Title At t orney-in-Fac r
(rF coRPoRATtON, AFFTX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN-FACT.
lr --."f -G-.
ctvtL coDE s 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificale is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Orange
On September 26, 2016 before me,Araceli Esqu ivel,Notary Public
Here lnseri Name and Title of the Officer
Nelson Chung
who proved to me on the basis of satisfactory evidence to be the qersgnl\ whose name\ is/are
subscribed to the within instrument and acknowledged to me that he/shelthey executed the same in
hislherltHr authorized capacityfics! and that by his/he+l+hei+ signatureN on the instrument the personls),
or the entity upon behalf of which the person|g acted, executed the instrument.
nPartner - D Limited E General
D lndividual ! Attornev !:, iact
n Trustee ! Gr r:, oian or Conservator
I certify under PENALry OF PERJURY under the laws
of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and official sealz
ARACELI ESOUIVEL
Commission # 2096669
Nolary Public - Calitornia
0range County
zz
t\,1 Comm. E ires Jan 11,2019
Signature
Signature of Notary Public
Place Notary Seal Above
OPTIONAL
ikough this section is optional, completing this information can deter alteration of the document jr
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: _Documenr late:
Number of Pages: _ Signer(:) Other Than Named Above
Capacity(ies) Claimed by Signer(s)
Signer's Name:Siqner's Name:
E Corporate Officer - Title(s)tr Corl:3rate Officer - Title(s)
tr Other: _tr Other:
Signer ls Flepresenting:
02014 National Notary Association . www.NationalNotary.org .'1-800-US NOTARY (1-800-876-6827) ltem #5907
CALIFORI{IA ALL.PURPOSE ACKNOWLEDGMEI{T
Date
personally appeared
)
)
Name(s) of Signe4s)
!Partner - I Limited ! General
n lndividual a .Attorney in Fact
E Trustee ! Guard;3n or Conservator
Signer ls F.presenting:
@
KNoWALL BY IHESE PRESENTS thal except as exprsssly limilod. DEVELoPERS SURETY AND INDEMNITY COIVPANY and INDEI4NlTY Co|',4PANY OF CALIFORNIA, do each
hereby make consblute and appoint
"*Eric Englund, Deanna Wersch, Lisa Mc Clellan, Matt Skelton, Sean Flinn, Blaine D. Williamson, Morag A. Corey, jointly or
sev€rally*"'
presents, are hereby ratified and conlimed
ANo INDEMNITY ColtlPANY and INDEMNIIY COMPANY OF CALIFORNTq, efHive as ofJanuary lst, 2008.
RESOLVED, hat a combination ol any lwo o, lie Charman ol the Board, the President Executve McePresidenl, Senor Vice-President or any Vice Presdgnt of lhe
lo atlest lhe exedtion ofany such Power ofAtlomey
POWER OF ATTORNEY FOR
DEV€LOPERS SURETY AND INOEMNITY COMPANY
INDEMNITY COMPANY OF CALIFORNIA
P0 Box 19725. lRVlNE. CA 92623 (949) 263 3300
RESoLVED, FURTHER, that lhe signatures of such oflic€G may be aflixed to any s!ch Powor olAnorney or to any certilicate relatrng thereto by facsimile, and any such
or contract ofsuretyship towhich it is attachod.
lN WITN ESS WHEREoF DEVELoPERS SUREIY AND lNDEi,4NlTY Colt4PAN Y and lN DEMN ITY CoMPANY 0F CALIFORNIA have sevemlly caused Lhese presenls to be signed by
lherr respective oflicers and attested by their respeclive Secrctary orAssislant Se.retary this 18th day ofApnl 2016
By
8y
Daniel Young Senior Vice-P.esident
l'lark Lansdon t/ice Presrdent
r967
A notary public or other ofiicer completing this certifcate verifies only the identity of the individualwho signed the
document to which this certificate ;s aftached, and not the truthfulness, accuracy, or validity of that document.
Stale of Calfornia
County of orange
O'r Aorl 20r6 belore me.Lucrle Raymond, Notary Publc
ith li*1 Nm. *d lllb ol h. ofi@.
Danrel Younq and l\rark Lansdonpersonally appeared
ruclLLt RAt 0r0
Commisrioo , 20tl0a5
ol.ry Public - Cdlromi.
0raner County
Comm oct I mr8
Place Notary SealAbove
This Certfic€te is executed in he City of lMne, Cali,ornia his
lmb) ol S(F.(3)
who proved to me on he basis of satishctory evidence to be he p€rsm{s) whose nameis} is/are subscribsd
to lhe witrin insflment and acknorvledged lo me hal hdshelthey exeorted dre same in hithe/hei authorized
capacity(i6), and hat by higtefllheir si9natur6{s) on he instument lhe p€rson(s), or lhe enltly lpon behatf of
vrhidr he persoi(sladed, exool€d lhg instumeol.
lcertrfy under PENALTY 0F PERJURY under lhe laws of the State of Califomia hal the lorogoing parag€ph is
hue and corecl
WITNESS my hand and oflicialseal
Srgnalure
tu
CERTIFICATE
d Notary Public
The undersigned, as Secretary orAssistant Secrctary ofDEVELoPERS SURETYAND INDEI\4NlTY CoIVPANY or INDEMNITY COMPANY 0F CALIFoRNIA, does hereby
sa d corporations set forlh in the Power of Attorney are in lorce as of the date of lhis Certrficate
By Ctdg p-;S*,a_ocT 5
r967
Carsie J
l0-1380 (Rev 04/16)
f]"t**.rrw
Sh day of O.tob€r 2016
1936
,#"r-bl&i'-= ocr v \-1iHi !o la\o)- te3G 7j!aY,Xso-Sy
STATE OF OREGON
COUNW OF CLACKAI\,4AS l
10-6-16 before me,LISA ANN McCLELLAN
(here insert name of notary)
personally appeared MORAG A, COREY
(name(s) ot Signe4s))
personally known to me (or proved to me on the basis ol satisfactory evidence) to be the person(s) whose name(s) is/A(e
subscribed to the within instrument and acknowledged to me that h//shert$y execuled he same in t/sherlty'et authoized
capacityls). ana tnat Oy dsnerttlqi signature(fl on the instrument the person(rl, or the entfty upon behalf of which the
person() actea. executed lhe instrument.
WITNESS my hand and ofticial seal
Signature /lott^-(SEAL)
OFFICIAT SEA.
USA ANN ttc CLEL!Ar!
NOTARY PUBLIC - Of,EGO:;
coMMlssloN No 47401a
[rY COMMISSION EXPIBES DECEMBER 1r ].rr'
This area fLtt Olliciul NLttoritl Scol
-OPTIONAL-
Though the data below is not required by law. it may prove valuable to persons relying on the document and could
prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
E tt'totvtounr
E coRpoRlre orrtcen
TITLE OF TYPE OF DOCUIVENT
TITLE(S)
E pnnrnrn(s)E r-ttr.ltreo
E oerueRnl
E nrroRnry-n-rncr
E rnusreels;
E cunRotnvcor'TsERVAToR
E o+reR:
NU[,4BER OF PAGES
DATE OF DOCUMENT
SIGNER IS REPRESENTING:
NAME OF PEf]SON(S) OR ENTIIY(IES)
Developers Surety And lndemnity Company
SIGNER(S) OTHEH THAN NAMED ABOVE
lD 1232 (REV 5,09)ALL.PUBPOSE ACKNOWLEDGEMENT
I