Pulte Home Company, LLC Faithful Performance Bond TM36658 7901181745FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Streets and Drainage $4 407 000 Tract Map 36658 Backbone Phase 2
Bond No. 7901181745
Premium $19,654.00
Riv. Co. Flood Control $_Other Proj. Ref
Water System
Rec. Water
Sewer System
Total
542 500$
$
$
$E
291 500
241 000
Surety Nationwide Mutual lnsurance Companv
Address One West Nationwide Blvd, 1-14-301
Principal Pulte Home Companv. LLC
Address 27401 Los Altos, Suite 400
City/State Columbus. Ohio City/State Mission Vieio, CA
zip code 43215-2220 Zip 92691
Phone (614) 249-7111 Phone 951-538-5835
WHEREAS, the City Council of the City of Menifee, State of California,and Pulte Home
Companv. 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 tract 36658 Backbone Phase 2, which
agreement(s)'dated-,is/areherebyreferredtoandmadeaparthereof;
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 Nationwide Mutual lnsurance Companv, as
surety, are held and firmly bound unto the City of Menifee in the penal sum of Five Million
Two Hundred Forty-One Thousand and 00/100 Dollars 5 241 000.00 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.
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 the Mav 2nd
NAME OF PRINCIPAL: Pulte Home PANV, LLC
AUTHORTZED STGNATURE(S)
By
Name: Gregory S. Rives
Title: Assistant Treasurer
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Nationwide Mutu ce Compa
AUTHORIZED SIGNATURE:+C
Peter S Forker, Attorney-in-Fact
(tF coRPoRA-ilON, AFF|X SEA.L)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEYJN.FACT.
FAITHFUL PERFORMANCE BOND
2024
s,,
,.J
executed this 2 2024
,)ulte Home Company, LLC
day o{
PRINCIPAL
BY
Notary Attached
. Rives, Assistant Treasurer
ACKNOWLEDGEMENT BY PRINCIPAL
srATE OF GEORGTA)
/ ss.
couNTY oF coBB)
This record was acknowledged before me on May 2, 2024, appeared
Gregory S. Rives, Pulte Home Company, LLC, who provided to me on
the basis of satisfactory evidence to be the person who appeared before
me and is personally known to me.
T JESSICA MASX
1 )---Not.ry public . Srate ;f G
Cobb Co!nrv
A,ly Cornmission Expires ieb
S I g n atlrf6-t-Mtdry P u b I i c
I, JESS/CA MASK
Notary Public State of Georgia
My Commission Expires: February 21 , 2026
eorgia
21, 2026
WITNESS my hand official seal.
ACKNOWLEDGMENT BY SURETY
STATE OF IIIinoiS I.,ICounty of Cook
On lhis Cntl da1 of 2024 , before me personally
appeared Peter S. Forker . known to. me to be the Attorney-inJract of
. thc corporation
that executed the within insrument, and acknowledged to me that such corporation executed the same.
lN WITNESS WLIEREOF, I have hereunto set my hand and affixed my official seal, at my office in the aforesaid County, the day and
year in this certificate fiISt above written.
Notary lic in the
County of
OFFICIALSEAI
NICHOLAS S JOSLYN
NOTARY PUBLIC, STATE OF ILLINOIS
l\.lY coMMlssloN EXPIRES 03/03/27
s-0230/GE 10/99
Nationwide Mutual lnsurance Companv
XDP
KNOW ALL MEN BY THESE PRESENTS THAT:
Nationwide fulutual lnsurance Cofipany, an Ohio corporation
h€r6inafter refered lo severally as the "Company'and collectively as "the Companies'does hereby make, constitute and appoint:
OSCAR F RINCON: PETER S FORKER: REBECCA M JOHLIEi
each in their individual capacity, its true and lawful attomey-injact, with full powerand authority to sign, seal. and executg on its behalf any and all bonds and
undortakings. and other obligatory instruments of similar nature, in penalties not oxceeding th6 sum of
LINLIMITED
and to bind the Company thereby, as frrlly and to the same extent as if such instruments were signed by the duly authorized oflicers of the Company; and all acts
ofsaid Attomey pursuanl lo the authority qiven are hereby ratified and confirmed.
This power of altomey is made and executed pursuant to and by aulhority of the following resolution duly adopted by the board of direclors of the Company:
"RESOLVED, that the president, or any vice prcsident be. and each hereby is, authorized and empowered to appoint attomeys-in-fact of lhe Company,
and to authorize them to execute and deliver on betlalf of the Company any and all bonds, forms, applications. memorandums. undertakings,
recognizances, kansfers, conlracls of indemnity, policies, cantracts guaranteeing the fidelity of persons holding positions of public or private trusl, and other
writings oblioatory in nature that the business of the Company may requirs; and to modity or revoko, with or without cause, any such appoinlment o.
authority; provided, however, that the authority granted hereby shall in no way limit the authority ofother duly aulhorized agents to sign and counte6ign any
of said docuftents on behalf of the Company."
'RESOLVED FURTHER, lhat such attomeys-in-Iact shall have full power and authority to execute and deliver any and all such documents and to bind the
Company subjecl to the terms and limitations ofthe power of attomey issued to them, and to afiix the sealof the Company thereto; provided, however, that
said seal shall not be necessary for the validity of any such documents.'
This power of attorney is signed and sealed under and by the following bylaws duly adopled by the board of directors of the Company.
Execution of lnskuments. Any vice president, any assistant secretary or any assislant treasurer shall have the power and authority to sign or attest all
a-Frotoa-ocumeaGllnatruments, contracts, or other papers in connection with the operaton of the business of tho company in addition to the chairman of
the board, the chief executlve officer, president, treasurer or secrelary; provided, however, the signaturo of any ol them may be printed, engraved, or
stamped on any approved document, contract, instrument, or other papers of the Company.
lN WITNESS WHEREOF, tho Company has caused this instrument to be sealed and duly attested by the signature of its officer the 20th day of A!gust, 2021
Anlonio C. Albanese, Vice President of Nationwide l\,4ulual lnsurance Company
ACKNOWLEDGMENT
STATE OF NEW YORK COUNry OF NEW YORK: ss
On this 20th day of August, 2021, before me came the above-named ofiicer for the Company
aforesaid, to me peGonally known to be th6 officer described in and who executed the preceding
instrument, and he acknowledged tho exocution of the same. and being by me duly
swom, deposes and says, that he is the officer of lhe Company aforesaid. that the seal affixed
hereto is the corporate sealof said Company, and tho said corporate seal and his signature were
duly affixed and subscribed to said instrument by lhe authority and direction ofsaid Company.
Slspha.ie Robirc M.4rlhu.
Noiary f,ublic State or N4 Yo.l
Na O?IIC6270117
Ouaffied in N.w Yoft County
Commisdo Exo res Ocrob6r 19 202.{
hdk_
CERTIFICATE
l, Laura B. Guy, Assistant Secretary of the Company, do hereby certify that the foregoing rs a full, true and correct copy of the original power of attorney issued
by the Company; that the resolulion included therein is a lrue and corect transcript from the minutes of lhe meetings of the boards of direclors and lhe same has
nol been revoked or amended in any manner; that said Antonio C. Albanese was on the date of the execution of lhe foregoing poxer of allorney the duly elected
offcer of the Company, and the corporate seal and his signature as officer were duly affixed and subscribed to the said instrufi ant by tho authority of said board
of directors; and the foregoing power of attorney is still in full force and effecl-
IN WTNESS WHERl\".v hereunto subscribect my name as Assistant Secretary, and affixed the corporate seQl of said Company this J,YJ day of
dr.+r B.cn,v
rr,$*'*\rEBs-'
BDJ 1(08-21)00
EOF, I haveooH
AsiistQnt Secretary
Power of Attomey
I