Watt Communities at Mosaic, LLC Faithful Performance Bond TM28206-1 K08908783FAITHFUL PERFORMANCE BONO
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1 )
FOR: Streets and Drainage
Water System
Sewer System
32 TracUParcel Map 2sao6.l
Bond No. Knaao^$209,500 .00 :1
$251..00 Prem ium s 26,660.00
Surety Westchester Fire lnsurance Company Prlncipal:
Address:
att Communit at SAI LLCAddreSS 701 Pike Street. Suite #1625 2716 Ocean Park Blvd., Suite 2025City/State Seattle City/State:nta lvlonica
zip s9(s 98101 zip 90405
Phone 206-276-5144 Phon6 (310) 3'14-2460
WHEREAS, the City of Menifee, State of California, and Watt Communities at Mosaic,LLC (hereinafter designated as "principal'') have entered into, or are about toenter lnto, the attached agreement(s) whereby
above designated public improvements relating
principal agrees to install and complete lhe
agreement(s) is/are hereby referred to and made a part hereol; and,
NOW, THEREFORE, we the principa I and Westchester Fire lnsurance Compan
to Tract #28206-1 , which
yvHERFlsl said prlncipal is required under the terms of said agreement(s) to {urntsh bond(s)
for the faithful performance of said agreement(s);
money of the United States, for the payment
ourselves, our heirs, successors, executors an
these presents.
AS
Dollars,$1,333,000.00' Iawful
of which sum will and truly be made, we bind
d administrators, jointly and severatly, firmly by
v
surety, are held and firmly bound unto the City of Menlfee in the penal sum of One MlllionThrea Hundred Thirtv-Three and no/1
The condition of this obligation is such that il lhe above bonded principal, his or its heirs,executors, administrators, successors or assigns, shall in all things stand io and abide by, anc.lwell and truly keep and perform the covenants, conditions and provlsions ln the saidagreement and any alteratlon thereof made as therein provided, on his orthelr part, to be keptand pertormed al the time and in the manner therein specified, and in all respects accodingto their true inlent and meaning, and shall indemnify and save harmtess the city of Menifoe,its officers, agents and employees, as therein stipulated, then thls obtigation shalibecome nulland void; otherwise, it shall remain in full force and offect.
As a part of the obligation secured hereby and in addition to the face amount specifiedtherefore, there shall be included costs and reasonable expenses and ,ees, includingreasonable attorney's fees, incurred by the city in successfully enforcing such obligation, allto be taxed as costs and inctuded in any judqrnent rendered.
CA
The surety hereby stipulates and agrees that no change, extenslon of me, alteration or
addition to lhe 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, extsnsion of time, alteration or addition.
surety further stipulates and agrees that the provisions of section 2845 of the clvil code and
commencement of construction are not conditions precedent to surety's obligations hBreunder
and are hereby waived by surety.
When the work covered by the agreement is complete, the City of Menilee will accept lhe
work and thereupon, the amouni of the obligation of this bond ls reduced by S0% 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
above named, on Auoust 20
executed by the principal and, 2013
surety
NAIME OF pRINCIpAL: Watt Communities at Mosaic, LLC
AUTHORIZED SIGNATURE(S):
By:
Name: nqx Fran V-
Tllle: Vic. Prcs t4.r+
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY:
AUTHORIZED SIGNATURE:
ester Fire lnsu nce Company
s Attorney-in-F ct Title
Natalie K. Trotimoff
(tF coRPoRATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN.FACT.
FAITHFUL PERFORMANCE BOND
CALIFORNIA ALL.PURPOSE ACK}IOWLEDGMENT crvtlcoDESttae
State of California
County ot a)
on -\).po 1t t before me,/14/ oat
-
;ALl /)-'a t1r 4c t <
personally appeared lt tl y Fe'a rs A-
l'rURlEL it. PA0Ull{
Commlrsioo # 19,15307
llot!ry Publlc . Calltornla
Lor AngEles Coudy
Comm. Expkes Jul24 , 2015
Placo Narsry S.al Abovo
who proved to me on the basis ol satislactory
evjdence to b6 the person{d) who6e name(+ is/at€
subscribed to the within inslrumsnt and acknowledgedto me that trel$OlAUy exocuted the same inh!s1Br4!o* authorized capaciry(Jt6), and thar byhis/Urltiltit signalure(s[ on thi+ instrument thiperson(fl, or the entity upon behalf ot which the'personRactod, exscuted the instrument.
I certify under PENALTY OF PEBJUFY under thelaws of the State ot Calitomia that the foregoingparagraph s true and correct.
WITNESS my hand and otficial seat
Signature:h
Sl!.alul. or N.tiaiy PlhtcAPTrcNAL
Though tho i ormation berow is nor rcqui..,cr by raw, rt nay p@ve varuable ro pe'ons rcryrng on tha documentand @uld prcwnt fd,udute,nt removitand oattaihnent ot iijo a'anouetdo.t!m6nt.Descriptlon of Attached Documenl
Title or Typ€ of Documenll
Document Date:Number ol Pages
Capacity(ies) Clatmed by Signer(s)
Signe(s) Other Than Named Abov6
Signer's Name
tr Corporate Otficer - Ti[e(s)
D lndividual
D Partner * tr LimitBd D Genoral
O Attoney in Fact
tr Trustee
D Gsardian or Congervator
tr Other:
Signer ls Reprgsenting: .-
Sioneis Name
I , Corporate Oificer - Tiflo(s)
ll lndividual
O Partner .- tr Limited E Gonsral
El Attorney in Fact
tr Truslee
O Guardian or Conservator
tr Other:
Signor ls Repr€senting: _ ,
E|GHTrrurrrffiffioFs,$tEn,TOFSICNEB
nioHl'Ifl
@ 20I O Na olrat Not!ry Asdcl.tion . Na{or,ltNoLry .ore ' r.800'LrS NOrAqy (1 600-876.6827)
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State of Ca lifornia
County of Los Anseles
On AUG 2 0 Z0r3 before me, B. Wone, Notarv public. personally
appeared Nata lie K. Trofimof'f who proved to me on the basis of
Ios Angslrt Coillly
satisfactory evidence to be the person(s) whose name{s) is/ar+su bscribed to the
within instrument and acknowledged to me that he/she/t$ey executed the same
in hislher/the* authorized capacity{ies}, and that by his/her/t}ei+signature(s) on
the instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument.
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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.
(seal)Signature
B. Wong, Nota ry Public
E tl0tic
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! rHE BACK oF THIS DocuMENT UgTsvaBrous sEcuBtTy FEATuRES E THATwtLL pAorEcr acatNsrcopy colJNTEFFEtr aND ALTEBATIoN. !
WESl'CIIISTT'R III Ii Ii INSUIt..TNCIi COi\IPANY
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