FPG Sun Menifee 80 LLC Faithful Performance Bond TM36803 278954QFOR
Surety
Address
City/ State
Zip code
Phone
StreeVDrainage
Dom Wtr
Rec Wtr
Sewer
WQMP
Total
$
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
0.00 Parcel Map
Other Project No
Bond No.
Premium
$ 652 000 00 IP21-014U WATER
0.00 278954Q
$000 $5,216.00
$0.00$ 652 000.00
Principal FPG Sun Menifee 80 LLC
$
Westfield National
lnsurance Company
P.O. Box 5001
Westfield Center, OH
4425',1-5001
330-887-0't01
27777 Franklin Road, Suite 200
Southfield, Ml
48034
Address
City/State
zip
Phone (248) 598-2595
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 National lnsurance Company, as
surety, are held and firmly bound unto the City of Menifee in the penal sum of Six Hundred
Fiftv-Two Thousand and 0/100 Dollars 652 000.00 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(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.
M EN IFE E
TM36803 (ONSTTE)
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 - WATER ONLY, which agreement(s),
dated January 31,2023, is/are hereby referred to and made a part hereof; and,
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..
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 wlll 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
agreement(s).
lN WTNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on January 31st 2023
NAME OF PRINCIPAL: FPG Sun Meni BO LLC
AUTHORIZED SIGNATURE(S)
By:
Name:
Title:
,[[rLyt)a LLI
kwlhot tzrA Synavg
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Westfield National lnsuran Company
AUTHORIZED SIGNATURE.
A ey-in-Fact ie Kangas Title Attornsy-in-Fact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEYJN-FACT.