Pinehurst, LLC Faithful Performance Bond TM28789-1 75864PFAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
FOR: Streets and Drainage $
Water System $
Sewer System $
453 500 00 Tract Map
Bond No.
Premium
28789-1
$
Surety Principal Pinehurst LLC
Address
City/State City/State Newporl Beach,CA
Zip code
Phone
zip 92660
Phone 1949,1 660&988
WHEREAS, the City of Menifee, State of California, and Pinehurst. LLC (hereinafler
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 28789-1 , which agreement(s) is/are hereby referred lo and
made a parl hereof; and,
NOW. THEREFORE, we the principal and ,AS
surety, are held and firmly bound unto the City of Menifee in the penal sum of Four Hundred
Fifty Three Thousand Five Hundred and no/100 , Dollars, 3 453.500.00 lawful money of the
United States, for the payment of which sum will and truly be made. we bind ourselves, our
heirs, successors, execulors and administrators, jointly and severally, firmly by lhese
presenls.
The condilion of this obligation is such that if the above bonded principal, his or its herrs,
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 lhereof made as therein provided, on his or their part, to be kepl
and performed at the time and in the manner theroin specified, and in all respects according
to their lrue intent and meaning, and shall indemnify and save harmless the City of Menifee,
its officers, agents and employees, as lherern stipulated, then this obligation shall become null
and void; otherwise, it shall remain rn full force and etfect.
As a part ol the obligation secured hereby and in addition to the face amount specified
therefore, there shall be included cosls 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 judgmenl rendered.
Address 1000 Dove Street. Suite 100
WHEREAS, said principal is required under the lerms of said agreement(s) to furnish bond(s)
lor the faithful performance of said agreement(s);
FAITHFUL PERFORMANCE BOND
When the work covered by the agreemenl is complete, the Cily of Menifee will accept the
work and thereupon, the amounl of the obligation of this bond is reduced by 90o/o wilh lhe
remaining 10olo 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 surely
NAME OF PRINCIPAL: Pinehurst LLC
By. Pacific Communities Builder, lnc., ils Manager
Name:
Title:
elson Chung
President
(IF CORPORATION, AFFIX SEAL)
NAMEOFSURETY: I- -: r : : i I 1''i
AUTHORIZED SIGNATURE
Its Aftomey-in-Fact ''': '': Tille" '" "
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
The surety hereby stipulates and agrees thal no change, extension of time, alleration or
addition lo the terms of this agreement or to the v\rorft to be performed there under or the
specifications accompanying the same shall in an) ^/ise 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 thal the provisions of Section 2845 ot the Civil Code and
commencement of construction are not conditions precedenl to surety's obligations hereunder
and are hereby waived by surety.
above named, on
AUTHORIZED SIGNATURE(S):
By:t,
A notary public or oth€r officer completing th6 c€rl,fEate verfies onty the dentity ol th€ indavdual who signsd the
document to which thrs corlificat€ is allach€d, and not the truthlulness, accuracy, or validity of lhat documonl.
State ol California
County of Orange
On June 15 2016 Rebecca Ngar, Notary Pubhc
Oate
personally appeared Nelsgn rQtrglg
Name(s) ol Stgne4s)
who proved to me on lhe basis of satisfactory evidence to be lhe personl\ whose nameftq rVare
subscribed to the within instrument and acknowledged to mo that hey's#+li€y' executed the same rn
his,/Ht#r authorizod capacitylbcl and that by hiyh€#lh€ir signatureN on the instrument the personN,
or the entity upon behalf of which the personl$ acted. execu'led the instrument.
I certity under PENALTY OF PERJURY under the laws
of the State of Calilomia that the foregoing paragraph
is true and @rrect.
WITNESS my hand and otficial sealR'8ECC^ M XGAI. i-.\ comftrrnh I 2056290
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Signature
of Notary Public
Place Notary Seal Above
OPTIONAL
Though this section is oplional, completng this inlormatrcn can deter alleraton ol the document or
lmudulent reattachment ol this lorm to an unintended document.
Description ot Attached Oocument
Title or Type ol Document: Faithtul Performance BoI! Document Date: June 10 2016
Number of Pages: 2 Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Siigner(s)
Signer's Name: Nelson Chung
[x] Corporate Officef - Titl€(s): P'!d..r a p.otc c(,'tdln,oe!
t I Partner - D Limited D Genoral 8',6.' kt uanase'
Ll lndividual n Attom€y in Fact or Pi"r'r$ lrc
n Trust66 U Guardian or Cons€rvator
t l Other:
(
9lgna
Sgner's Name:
J Corporate Otlicer - Title(s):
n Parlnff - fJ Limiled Ll General
I I lndividual E Attorney in Fact
D Trustee t lGuardian or Conservalor
Ll Other:
Signer ls Representing: Owner
02014 National Notary Assocralion . www.NatronalNotary.org ' 1-80O-US NOTAHY i I -800'876'6827) ltem c5907
caLlFoRt{ta aLL-PURPOSE ACKNOWLEDGMENT clvlL coOE s 1189
before me.
Here lnseft Name and Title of the Officer
Signer ls Representing:
'HrL'i oLdt,. 1-u'l\ll!lt a.d apIr:] rl
."Enc Engtund, Oeanna Wersch, Lisa Mc Clellan, MaU Skelton, Sean FInn. Blarne D Wrlllamson. Morag A. Corey, jointly or
severally"'
esenb ar€ heteDy ralted and co6fnrEd
I r,r C rliDE Llti rT r r:{ll.tpAl{Y and ltioE uNlT} C olIPANv OF CALIFORNIa ellett,ve at ol J anuary isl 2006
l.r atlesl lhe etE(ulrlxr i,any such Pcrer ol Altomey
POWER OF AlTORNEY FOR
DEVELOPERS SURETY AND INOEI'/INITY COMPANY
INOEIINITY COMPANY OF CALIFORNIA
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A otary pubtrc or other olfrc€r complslrng thrs cert rcat{i vcntes only ll,c rderrtLly ol lhe rndrvrdual who srqne(j lhc
dodrnenl lo whrch lhrs cerlrtcale rs altached and not lh.: lrulhlulrres\ a( (.{rr.l.:
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SIAIE OF OREGON
lCOUNTY OF CLACKAMAS
On 6- 10-'6 . belorc me. Lisa Ann Mcclellan
(here insen name ol notaty)
personally appeared l\.,lorag A Corey
(namels) ol Sene4s))
persona y known lo me (or proved lo me on the bas/s ol satslaclory evdence) to be the person(s) whose nane(s) tgate
subscnbed to lhe wthin nstrumenl and acl<nowledged lo me thal he/she/lhey execuled lhe same n h|sller/lher aulhonzed
capacly|es)'andlhatbyhishel/lhsqnalure(s)onthenslrumenllheperson$LollheentiyUponbehallolv'/hlchlhe
person(s) acted, executed the nslrumenl
WIINESS tny had and olhctal seal.
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-OPTIONAL-
Though the data below is nol required by law. ( may prove valuable lo persons relyrng on lhe docurnent and could
prevenl lraudulent reatlachment ol lhrs lorm.
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
Ilrr.rotvroulr
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TITLE OF IYPE OF DOCUMENT
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DATE OF DOCUMENT
SIGNER IS REPBESENTING
Deve ers Surel And lndemnity Company
SIGNER(S) OTHEB THAN NAMED ABOVE
I .. tlt L ALL.PURPOSE ACKNOWLEDGEMENT