KB Home Coastal, Inc. Material and Labor Bond TM30142-1 1145787FOR: Streets and Drainage
Water System
Sewer System
Surety gerkley Regional k)surance Conrpany
AddfeSS 505 N. Brand glvd., suite 1o4o
City/State Glenciale. cA
MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Govemment Code Section 66499.1 )
$TracUParcel Map 30142- 1
$Bond No.
Premium16E750.00
11457 87
lnctuded in the Faithful Pedormance Bond
Principal
Address 36310 lnland Valley Drive
KB HOlvlE Coastal lDsurance
Wldomar. CA
Zi 91203 92525
Phone ara-ssor+or Phone 951-6s1-5245
WHEREAS, the City of Menifee, State of California, and KB HOL4E Coadal lnc.
(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 (TracVParcel)Tr 30142-1 which agreement(s) is/are
hereby refened to and made a part hereof; and,
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 sixtv Eisht
Thousand Seven Hundred Fiftyanci No/100 DOllafS 168.750.00 ) for materials furnished or labor thereon 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 judgement 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 underTitle 15
(commencing with Section 3082) of Parl4 oI 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; otherwise, it shall be and remain in full force and effect.
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City/State
WHEREAS, under the terns 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;
MATERIAL AND LABOR 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 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. Surety further stipulates and agrees that the
provisions of Section 2845 of the Civil Code 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 Augusl 6
NAME OF PRINCIPAL: KBHoMEcoastar rnc
AUTHORIZED SIGNATURE(S):
By:
ame:t4tc4 Aec . FeeerqdN an,
Tltle: y'/ LA,et 1'AurAnb ?cA .g ,a,/ O-
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: BerkreyR Co ny
AUTHORIZED SIGNATURE:
ttorney-in-Fact Title
Brenda Wong. Attonrey-iFFact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINGIPAL AND
ATTORNEY.IN.FACT.
2010
CALI FORNIA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Riverside
On Auqust 10.2010 before me,R. Keller, Notary Public,Richard
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/shelthey executed the same in his/her/their authorized capacity(ies),
and that by his/he#the* 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 PENALIY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
///-1- t<_ /.t<__
Richard R. Keller (sEAL)
{7m. .#ff3}1',\5i., I
iffi Norove"or,.;c,1';o'nro I
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-
CAL! FORN IA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On August 6. 2010 before me, Tracy Aston, Notary Public, personally
appeared Brenda Won,q who proved to me on the basis of
satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in hie/her/their authorized
capacity(ies), and that by hie/her/their signature(e) 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.
Commts!ion # 1739959Nolory Pub c - Co tornlo
IRACY ASTON
Los Angeles
i/rcqrrn E4ie6
County
I\4cy I 5, 201 I
Tracy ton
No.7951
POWER OF ATTORNEY
BERKLEY REGIONAL INSURAIICE COMPANY
WILMINGTON. DELAWARE
NOTICE: The warning fbund elsewhere in this Power ofAttorney aft'ects the validity thereol Pleasc review carefully.
KNO\V ALL MEN I]\, THESE PRESEN.T.S. that BERKLEY REGIONAL INSURA.NCE COMPAN\. (tITc ..CompaITy.'), a
corporatioo duly organized and existing under the la\\'s oi the State of Delau'are, having its principal office in Urbandale, lowa,
has nradc. constitutcd and appointed, and does by these presents make, constitutc and appoint: Thomas S. ErtniSa\ Ashruf
Elmasry, Brenda llong, Marina B. Tryia, Edward C. Spector, Noenri Quiroz or Simone Gerhsrd of Aon Risk Insursnce
Services ,lest, Ina'. of Los Angeles, C.4 its true and larvful Attomey-in-Fact, to sign its name as surety only as delineated below
and to execute, seal, acknowledge and deliver any and all bonds and undertakings, with the exception of Financial Guaranty
Insurance, providing that no single obligation shall exceed Fifty Mi[ion and 00/100 Dollars ($50,000,000.00), to the same extent
as if such bonds had been duly executed and acknowledged by the regularly elected officers ofthe Company at its principal ofhce
ia their own proper persons.
This Power of Attorney shall be consaued and enforced in accordance with, and govemed by, the laws of the State of Delaware,
without giving effect to the principles of conflicts of laws thereof. This Power of Attomey is grant€d pursuant to the following
resolutions which were duly and validly adopted at a meeting ofthe Board ofDirectors of the Company held on August 21, 2000:
"R-ESOL!'XD, that the proper officers of the Conpany are hereby authorized to execute powers of attomey authorizing and
qualifying the anomey-in-fact named therein to €xecute bonds, undertakings, recogmzances, or other suretyship obligations
on behalf of the Company, and to affix the corporate seal of the Company to powers of attomey executed pusuant hereto;
and further
RESOLVED, that such power of attomey limits the acts of those named therein to the bonds, undertakings, recognizances,
or other suretyship obligations specifically named therein, and they have no authority to bind the Company except in the
manner and to the extent therein stated; and further
RESOLVED, that such power of attomey revokes all previous powers issued on behalf of th€ attomey-in-fact named; and
further
R-ESOLVED, that the signature of any authorized officer and the seal of the Company may be afhxed 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 rnay continue to use for the purposes herein stated the facsimile signature of any
person or persons who shall have been such o{ficer or officers sf the Corrpany, notwithstanding the fact that they may have
ceased to be such at the time when such instruments shall be issued."
IN WITNESS WHEREOF, the Company has
corporatc scal hereunto affixed this l1 day of
caused these!.", ,presents to be signed and attested by its appropriate officers and its
Attcst
(Seal)By
lra S. Lederman Robert P. Cole
Senior Vice President & Secretary Senior Vice President
WARNING: THIS POWER INVALID IF NOT PRINTED ON BLUE *BERI{LEY" SECURITY PAPER.
STATE OF CONNECTICUT )
COT'\TY OI' I'AIRTIELD
IIL'rkrir 1tc!ional Ilsrrr anc,-' C on4ran\,.
,20t0.
Be
By
,utry xrffilrsuqnce Companyf,"tr/dz
)
)
Sworn to before me. a Notary Public in the State ofconnecticut, this JJ dayof lJ.' ,.' t',r.2010. byRobertP. Cole andlra
S. Ledertnan who are swom to me to be the Senior Vice President, and the Senior Vice President and Secretary, respectively, of
fl/-."..- 4+t <-< .tn1t'/ijuit,4r" Notary Public, State ofconnecticut
CERTIFICATE
I, the undersigned, Assistant Secretary of BERKLEY R-EGIONAL INSURANCE COMPANY, DO HEREBY CERTIFY that the
foregoing is a true, correct and complete copy of the original Po$'er of Attomey; that said Power of Attomey has not been revoked
or rescinded and that the authority of the Attomey-in-Fact set forth therein, who executed the bond or undenaking to which this
Power of Attomey is attached, is in full forc€ and eflect as of this date.
Given under my hand and seal ofthe Company, this _ day of AUG - 6 2010
L.v-*r-.ra*(Seal)
Steven Coward
:'-
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