FPG Sun Menifee 80 LLC Faithful Performance Bond TR36803 225122JF+^ilItrI
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FOR: Streets and Drainage $
Riv. Co. Flood Control $
Water System
Rec. Water
Sewer System
Total
Surety Westfield National lnsurance Companv
Address PO. Box 5001
Tract Map TR36803 (Corson Ave.)
Other Proj. Ref. lP21-013U
Bond No. 225122J
500.00
500.00
Premium $500.00
62 500.00
Principal FPG Sun Menifee 80 LLC
$
$
$
$
61 500.00
Address 27271 Las Rambl . Suite 100
City/State Westfield Cente OH City/State Mission Vieio. CA
zi 4425',t-5001 Zip 92691
WHEREAS, the City Council of the City of Menifee, State of California, FPG Sun Menifee Q0
LLG, (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 / lP21-013U, which agreement(s), dated .Oetqber
251h,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 National lnsurance Companv, as
surety, are held and firmly bound unto the City of Menifee in the penal sum of Six-Two
Thgllseol!'Five Hundred and 0/100 Oollars. (62 500.00 laMul 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; othenvise, 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 attorneyb fees, incurred by the City of Menifee in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
Phone 330-887-0101 Phone 949-748-67'14
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 of 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 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
agreement(s).
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on November 7th 2022.
NAME OF PRINCIPAL: FPG Sun Menifee 80 LLG
AUTHORTZED STGNATURE(S):
By:
UJi e-*aCs-.-\
Title:Ss(\e.-:..\q1*1*a\-\
(IF CORPORATION, AFFIX SEAL)
NAME OF SUREW:N om a
AUTHORIZED SIGNATURE:
Its Attomey-in-Fact 'fitle
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL ANI)
ATTORNEYJN.FAGT.
FAITHFUL PERFORMANCE BOND