Jefferson Menifee, LLC Faithful Performance Bond PP2015-164 8000117113*
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FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
FOR: Grading
Drainage
SWQMP
Erosion Control
Total
$ 3,500.00
$ 267,500.00
Parcel Map
Other Project No.
Bond No.
Prem ium
PLOT PLAN 2015.164
$ 113,750.00
$ 23,250.00
$ 408,000.00
Atlantic Specialty lnsurance Company
6os H-CF*d 16, N,sC-&oo
Plymouth, l\4N
55441
952-A52-2431
GP21-066
800011 711
$ 5,100.00
Jefferson Menifee, LLCffi
San Diego, CA
92130
(858)771-9119
Surety
Address
City/ State
Zip code
Phone
Principal
Address
City/State
Zip
Phone
WHEREAS, the City Council of the City of Menifee, State of California' and Jefferson Menifee . LLC
(hereinafter designated as "principal") have entered into, or are about to enler into,the attached
agreement(s) whereby principal agrees to install and complete the above designated grading project,
related to Del Oro North,Parcel A, Plot Plan 2015-164, which agreement(s), dated August 11,
2022, islare hereby referred to and made a part hereof; and,
WHEREAS, said pdncipal 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 Atlantic Soecialtv nsurance Comoan
, as surety, are
Eiqht Thousan
held and firmly bound u
d and no/100. Dollars
nto the City of lvlenifee in
($ 408,000.00 ) lawful mo
the penal sum of @@9!491
ney 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, executors,
administrators, successors or assigns, shall in all things stand lo and abide by, and well and truly keep
and perform the covenants, conditions and provisions in the said agreement(s) 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.
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 of Menifee in successfully enforcing such obligation, all to be taxed as costs and
included in any judgment rendered.
08/09/2022
E FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition to the terms of the agreement(s) or to the work to be performed there under or the
specifications accompanying the same shall in anylvise affect its obligation on this bond, and
it does hereby waive notice of any such change, extension of time, alteration or addition to the
terms of the agreement(s) or to the work or to the specifications.
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(s) is complete, the City of Menifee will accept the
work and thereupon, the amount of the obligation of this bond is be released.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on 17th , Auqust.2022.
NAME OF PRINCIPAL: Jefferson Menifee. LLC
AUTHORIZED SIGNATURE(S):
By
NAME OF SURETY: Atlantic S cta ln n Com n
AUTHORIZED SIGNATURE
Its Attorney-in-Fact Debbie Lindstrom Title Attorney-in-Fact
(rF coRPoRATrON, AFF|X SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
08109t2022
Name:
Title:
IIry
E
FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition to the terms of the agreement(s) 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 to the
terms of the agreement(s) or to the work or to the specifications.
Surety further stipulates and agrees that the provisions of Section 2845 ol 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(s) is complete, the City of Menifee will accept the
work and thereupon, the amount of the obligation of this bond is be released'
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on 17h , Auqust,2022.
NAME OF PRINCIPAL: Jefferson Menifee LLC
AUTHORIZED SIGNATURE(S):
By:t,il
Name:
Title:
NAME OF SURETY: A lnsurance m
AUTHORIZED SIGNATURE:
ItsAttorney-in-Fact Debbie Lindstrom TitleAttorney-in'Fact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY{N.FACT.
01109t2022