KB Home Coastal, Inc. Faithful Performance Bond TM30142-1 1145790FAITHFUL PERFORMANCE BOND
CIry OF IIENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
Berkley Regional lnsurance Company
Address 505 N. Brand Blvd.. suite 1o4o
TracUParcel Map
Bond No. 1r457so
Premium $5.47E.00
PrinciPal KB HoME coastallnc'
AddfgSS 36310lnland velley Drive
$c
$
30142- 1
313.000.00
City/Slate Glendale. cA City/State l 4ldomar CA
zip code e1203 zip
Phone 818-ssG14o3 Phone gsr-osr-s:qs
WHEREAS, the City of Menifee, State of California,and KB HOME Coastal lnc
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 principaI and Berkley Regional lnsurance Conrpany AS
su rety, are held and firmly bound unto the City of Menifee in the penal surn of tnree Hundred rhideen
Thoirsand andNo/100---------- DOllafS ($ :rg.ooo.oo ) 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.
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 ortheir pad, 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 specifid
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.
FOR: Streets and Drainage
Water System
Sewer System
Surety
(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 (TracUParcel) Ij01j11-, which agreement(s) is/are
hereby referred to and made a part hereof; and,
FA!THFUL PERFORMANCE BOND
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 90o/o with the
remaining 10% held as security for the one-year maintenance period provided for in the
agreements(s).
above named, on August 6
NAME OF pRINCIpAL: KB HoME coaearrnc.
AUTHORIZED SIGNATURE(S):
By:
Title:
e: mt cH Ae.- k ,yp LA D +to eefi AD I Tlt '
Alzt PLA lt c-
(tF coRPORAT|ON, AFFTX SEAL)
NAME OF SURETY:egional ln rance Company
AUTHORIZED SIGNATURE:
ttorney-in-Fact Title
Brenda Wong. Atlomey-irFFacl
(rF coRPoRATrON, AFFrX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF S]GNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
s
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.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
2010
CALI FORNIA ALL.PURPOSE ACKNOWLEDGM ENT
State of California
County of Riverside
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(s) whose name(s) is/a+e
subscribed to the within instrument and acknowledged to me that
he/sh€lth€y executed the same in his/h€+Aheir authorized capacity(ies)'
and that by his/he#thei+ signature(s) on the instrument the person(s), or
the entity upon behalf of which the person(s) acted, executed the
instru ment.
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.
2t1- w-/h^--
Richard R. Keller (SEAL)
RICTTARD R. KEI-LER
Commlselon # I 7l9l
Nolory Publlc - Colllornlo
;1
nNe,sido Caunly
Comm. Explros Jon 21, 201 I
!.
I
CAL! FORN IA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On Auqust 6, 2010 before me , Tracy Aston, Notary Public, personally
appeared Brenda Wonq, who proved to me on the basis of
satisfactory evidence to be the person(e) whose name(s) is/are
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 his/her/their signature(s) 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 officialseal.
TRACY ASTON
Commtsrton # 1739959Nolory Pub c - ColirornloIos Angetes
^4y
Carrn E{}i,es t
County
Ioy 15,201 I Tracy Aston
ru4b
rr-o. 7951
POWER OF ATTORNEY
BERIOEY RIGIONAL INSTIRANCf, COMPA"\Y
WILMINCTON, DELAWARE
NOTICLI: I'he uaming fbund elsewhere in this Po\\,er of Attorney affects the validity thereoi Please reviev carefully.
K\O\\: ALL NIE-r- BY THESE PRESENTS. drar BERKLEY REG[Or.'-AL NSURANCE COMPAT-Y (the "Company"), a
coryoration duly organized and existing under the larvs of thc State of Delau'are, having its principal office in Urbandale, lowa,
Iras n'radc, constituted and appointed, and does by thes!- preseuts make, constitute and appoint: Thomos S. Branigan, Ashraf
Elnasry,, Branda ll/ong, Marina B. Topia, Edward C. Spector, Noemi Quiro| or Simone Gerhard of Aon Risk Insurance
Services West, Inc. of Los Angeles, Cl its true and lawful Attomey-in-Fact, to sign its name as surcty only as delineated below
and to execute, seal, acklowledge and deliver any and all bonds and undertakings, with the exception of Financial Guaranty
Insurance, providing that no single obligation shall exceed Fifty MiUion and 00i100 Dollars ($50,000,000.00), to the same extent
as if such bonds had been duly executed and acknowledged by the regularty elected officers ofthe Company at its principal office
in their own proper persons.
This Power of Attomey shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware,
without giving effect to the principles of conllicts of laws thereof. This Power of Attomey is ganted pwsuant to the following
resolutions which were duly and validly adopted at a meeting of the Board of Directors ofthe Company held on August 21, 2000:
"R-ESOLVED, that the proper oflicers of the Company are hereby authorized to execute powers of attomey authorizing and
qualifying the attomey-in-fact named therein to execute bonds, undertakings, recognizances, or other suretyship obligations
on behalf of the Company, and to alfix the corporate seal of the Company to powers of attomey executed pursuant hereto;
and further
RESOLVED, that such power of attomey limits the acts of those named therein to the bonds, undertakings, recognizances.
or other suretyship obligatioN specihcally named therein, and they have no authority to bind the Company except in the
manner and to the extent therein stated; and further
R-ESOLVED, that such power of attorney reyokes all previous powers issued on behalf of the attorney-in-fact named; and
fu her
R-ESOLVED, that the signature of any authorized officer and the seal of the Company may be affixed by facsimile to any
power of attomey or certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or
other suretyship obligation ofthe Company; and such signature and seal when so used shall have the same force and effect as
though manually affixed. The Company may continue to use for the purposes herein stated the facsimile signatue of ary
person or pemons who shall haye been such officer or olficers of the Company, notwithstanding the l'act that they may have
ceased to be such at the time when such insnuments shall be issued."
lN- WITNESS WHEREOF, the Company has caused these presents to be signed and attested by its appropriate of-ficers and its
corporatc seal hereunto affixed this 11 day . 2010
Attest
ot\
u mpany
Ira S. Lederman Robert P. Cole
Senior Vice President & Secretary Senior Vice President
WARNINC: THIS POWER INVALID IF NOT PRINTED ON BLU CURITY PAPER.
STATE OF CONNECTICUT )
(Seal)By
Berkley Regional Insurance Company. 6 , 11
,v(
vYcr)\lMir
couNTY oF FATRFTELD i*t
Sworll to beflore me. a Norary Pub]ic in the State ofConnecticut. thi5 J ? day 61 .-fcr r- ur -y,2010. by Roben P. Cote and Ira
S. Lederman who are swom to me to be the Senior Vice President, ana tte Senio, Vi.. F .rlt*t and Secretary, respectively, of
Z--a.-.-. /l-.t 4,t c t<
Notary Public, State of Connecticut
CERTIFICATE
I, the undersigned, Assistant Secretary of BERKLEY REGIONAL INSURANCE COMPA\Y, DO HEREBY CERTIFY that the
foregoing is a true, correct and complete copy ofthc original Power of Attomey; that said Power of Attomey has not been revoked
or rescinded and that the authority of the Attorrrcy-in-Fact set fofib therein, who executed the bond or undertaking to which this
Powcr ofAttorney is attached, is in full force ard effect as of this date.
Given under my hand and seal ofthe eornpany, this _ day of AUG - 6 2010
(1a; t-^r<-(Seal)
Sleven Coward
.c
-c
?1
tsy
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