FPG Sun Menifee 80 LLC Faithful Performance Bond TR36803 225121P?l
I I
t
re FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 664S9.1)
FOR: Streets and Drainage $_
Riv. Co. Flood Control $
Water System
Rec. Water
Sewer System
Total
Surety Westfield lnsurance Company
Address P O. Box 5001
Tract Map TR36803 (On SiteI
Other Proj. Ref IP21-014U SEWEB INLY
Bond No. 225121P
Premium $2,416
Principal FPG Sun Menifee 80 LLC
Address
City/State
Zip
Phone
$302 200.
WHEREAS, the City Council of the City of Menifee, State of California,FPG Sun Menifee 80
LLC (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 _TR36803 / lP21-014U SEWER ONLY. which agreement(s),
dated 6/30/2022 , is/are hereby referred to and made a part hereof; and,
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 principal and Westfield lnsurance Company, as surety, are
held and firmly bound unto the City of Menifee in the penal sum of Three hundred two
thousand and 0/100 Dollars. ($302.000.00) lavrrful 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(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.
$ Jo2.2oo.oo
City/State Westfield Center. OH
Zip 44251
Phone (330) BB7-0'101
FAITHFUL PERFORMANCE BOND
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..
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 reduced by 90% with the
remaining 10% held as security for the one-year maintenance period provided for in the
ag reement(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on June 30,2022.
NAME OF PRINCIPAL: FPG Sun Menifee 80 LLC
AUTHORTZED STGNATURE(S)
Name
Title:
Q-*CC-*\
3{P, >c,sfc'q
(rF coRPoRATtON, AFFIX SEAL)
NAME OF SURETY: Westfield lnsurance
AUTHORIZED SIGNATURE Karl Choltus
Its Attorney-in-Fa Title
(rF coRPoRATrON, AFF|X SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY-IN-FACT.
\.i , r\.
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.
By: