HomeMy WebLinkAboutRelease Security - T36554-1 - Pearwood VenturesX-P
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: RELEASE SECURITY FOR TR 36554-1 (ENCORE — PHASE 1)
AND ACCEPT A MAINTENANCE BOND
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Pearwood Ventures, LLC
77682 Country Club Drive, Ste. A-3
Palm Desert, CA 92211
Suretec Insurance Company
Attention: Eric Lowey
151 Kalmus Drive, Ste. A201
Costa Mesa, CA 92626
BOND NUMBERS: 4392974 Faithful Performance & Labor & Materials
4392974M Maintenance Bond
BOND NUMBER: 4392974
DATE: June 11, 2015
CONTENTS: Faithful Performance & Labor & Materials Agreement and Bonds
Maintenance Bond
Vicinity Map
Recommendation
By Minute Motion, release security for TR 36554-1 (Encore — Phase 1) and
accept a maintenance bond.
Background
The subject property is located at Anastasia Streets and Shepherd Lane. Prior to permit
issuance, a Faithful Performance Bond of $472,272 and a Payment Bond for Labor and
Materials of $236,136 were submitted for the subdivision improvements.
All improvements related to the bonds have been completed. A Maintenance Bond in
the amount of $47,227 representing 10 percent of the Faithful Performance Bond has
been submitted and will be held for one year as required by the municipal code.
Staff Report
Release Security for TR 36554-1 (Encore — Phase 1) and Accept a Maintenance Bond
Page 2 of 2
June 11, 2015
Staff recommends that the City Council authorize the release of the faithful performance
and labor and materials deposits and accept the maintenance bond for one year.
Fiscal Analysis
There is no fiscal impact associated with this action.
Prepared By: Departrr
Bo Chen, P.E., City Engineer Mark Gr
Director
aul S. Gibson, Director of Finance
M. Wohlmuth, City Manager
vood, P.E.,
ublic Works
I I I Y Of PRIM OESERI
73-510 FRED WARING DRIVE
PALM DESERT, CALIFORN[A 92260-2578
TEL: 760 346-o61 i
Info®cityofpalmdesert.org
December 20, 2013
Mr. Mario Gonzalez
GHA Communities
30-875 Date Palm Drive
Cathedral City, California 92234
Dear Mr. Gonzalez:
Subject: Request for Approval of the Final Subdivision Mau of Tract No.
36554-1 and the Related Improvement Agreement
At its regular meeting of December 12, 2013, the Palm Desert City Council considered
the subject request and took the following action:
Waived further reading and adopted Resolution No. 201 -70, approving
the final subdivision map of Tract No. 36554-1 and the related
Improvement Agreement.
Enclosed for your records are fully executed copies of Resolution No. 2013-70 and the
related Subdivision Improvement Agreement. If you have any questions or require any
additional information, please do not hesitate to contact us
Sincerely,
Od
-7MM-V;�,ZooCITY CLERK
RDK:mgs
Enclosures (as noted)
cetenc: Mark Greenwood, P.E., Public Works Director
Pearwood Ventures LLC, 77-682 Country Club Drive, Suite A3, Palm Desert, CA
RESOLUTION NO.2013- 70
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM DESERT, CALIFORNIA. APPROVING THE FINAL
SUBDIVISION MAP OF TRACT NO. 36554-1 AND THE
RELATED IMPROVEMENT AGREEMENT
BE IT HEREBY RESOLVED by the City Council of Palm Desert, as follows:
1. The Final Subdivision Map of Tract 36554-1 of City of Palm Desert,
California, is hereby approved as the official subdivision map of said tract,
subject to conditions of the Tentative Map.
2. The Mayor and City Clerk are authorized to execute on behalf of the City a
Subdivision Improvement Agreement guaranteeing completion of the
public improvements required by law.
3. The City Engineer is authorized to receive the improvement security on
behalf of the City, as required by law, subject to the approval of the City
Attorney as to form.
4. The City Engineer is directed to process the Final Map for recording upon
receipt of the required improvement security and the payment of all fees.
PASSED, APPROVED, AND ADOPTED on this 12t' day of December 2013 by
the following vote, to wit:
AYES: BENSON, NUMM, SPIEGEL, and WEBER
NOES: Ron
ABSENT: TA=m
ABSTAIN: NONE
SUSAN MARIE WEBER, MAYOR PRO TEN
ATTEST:
HELLE 0. KLASS ,CITY CLER
CITY OF PALM DESERT, CALIFORNIA
SUBDIVISION IMPROVEMENT AGREEMENT
DATE OF AGREEMENT: November 22, 20 i3
NAME OF SUBDIVIDER: Pearwood Ventures LLC
(referred to as "SUBDIVIDER").
NAME OF SUBDIVISION: Encore Palm Desert No. of Lots: 16
(referred to as "SUBDIVISION").
TENTATIVE MAP RESOLUTION OF APPROVAL NO.: 2605 (TM No: 36554 )
(referred to as "Resolution of Approval")
IMPROVEMENT PLANS APPROVED ON: OC �oLx�y- Z S, Zo 13
(referred to as "Improvement Plans").
ESTIMATED TOTAL COST OF IMPROVEMENTS:$ 4 7 2, 2 -7 Z, O O
ESTIMATED TOTAL COST OF MONUMENTATION: 141 4 ao. 00
SURETY:
BOND NOS:4392974
SURETY: SureTec Insurance Company
-OR-
IRREVOCABLE STAND-BY LETTER OF CREDIT NO.
FINANCIAL INSTITUTION:
-OR-
CASH/CERTIFICATE OF DEPOSIT, AGREEMENT DATED:
FINANCIAL INSTITUTION:
This Agreement is made and entered into by and between the City of Palm Desert, a
municipal corporation of the State of California, hereinafter referred to as "CITY", and the
SUBDIVIDER.
RECITALS
Ll7�I;1,:1 Tj �lii]
A. SUBDIVIDER has presented to CITY for approval and recordation, a final
subdivision map of a proposed SUBDIVISION pursuant to provisions of the Subdivision
Map Act of the State of California and the CITY's ordinances and regulations relating to the
filing, approval and recordation of subdivision maps. The Subdivision Map Act and the
CITY's ordinances and regulations relating to the filing, approval and recordation of
subdivision maps are collectively referred to in this Agreement as the "Subdivision Laws".
B. A tentative map of the SUBDIVISION has been approved, subject to the
Subdivision Laws and to the requirements and conditions contained in the Resolution of
Approval. The Resolution of Approval is on file In the Office of the City Clerk and is
incorporated into this Agreement by reference.
C. The Subdivision Laws establish as a condition precedent to the approval of a
final map that SUBDIVIDER must have complied with the Resolution of Approval and must
have either (a) completed, in compliance with CITY standards, all of the improvements and
land development work required by the Subdivision Laws or the Resolution of Approval or
(b) have entered into a secured agreement with CITY to complete the improvements and
land development within a period of time specified by CITY.
D. In consideration of the approval of a final map for the SUBDIVISION by the
City Council, SUBDIVIDER desires to enter Into this Agreement, whereby SUBDIVIDER
promises to install and complete, at SUBDIVIDER's own expense, all the public
improvement work required by CITY in connection with the proposed SUBDIVISION.
SUBDIVIDER has secured this Agreement by improvement security required by the
Subdivision Laws and approved by the City Attorney.
WUMM1597 -2-
E. Complete Improvement Plans for the construction, installation, and
completion of the improvements have been prepared by SUBDIVIDER and approved by
the City Engineer. The Improvement Plans numbered as referenced previously in this
Agreement are on file in the Office of the City Engineer and are incorporated Into this
Agreement by this reference. All references in this Agreement to the Improvement Plans
shall include reference to any specifications for the improvements as approved by the City
Engineer.
F. An estimate of the cost for construction of the public improvements and
performing land development work in connection with the improvements according to the
Improvement Plans has been made and has been approved by the City Engineer. The
estimated amount is stated on Page 1 of this Agreement. The basis for the estimate is
attached as Exhibit "A" to this Agreement.
G. CITY has adopted standards for the construction and installation of
Improvements within the CITY. The Improvement Plans have been prepared in
conformance with CITY standards in effect on the date of the Resolution of Approval.
H. All public improvement monuments, street signs, and stakes as specified on
the final map are to be completed prior to final formal acceptance by the City Council.
Individual property monuments must be installed within one year from the formal final
Council acceptance of said SUBDIVISION.
I. SUBDIVIDER recognizes that by approval of the final map for SUBDIVISION,
CITY has conferred substantial rights upon SUBDIVIDER, including the right to sell, lease,
or finance lots within the SUBDIVISION. As a result, CITY will be damaged to the extent of
the cost of installation of the improvements by SUBDIVIDER's failure to perform its
obligations to commence construction of the improvements by the time established in this
Agreement. CITY shall be entitled to all remedies available to it pursuant to this
Agreement and law in the event of a default by SUBDIVIDER. It is specifically recognized
that the determination of whether a reversion to acreage or rescission of the SUBDIVISION
constitutes an adequate remedy for default by the SUBDIVIDER shall be within the sole
discretion of CITY.
NOW, THEREFORE, in consideration of the approval and recordation by the City
Council of the final map of the SUBDIVISION, SUBDIVIDER and CITY agree as follows:
(1) SUBDIVIDER's Obligation to Constnxt Improvements.
SUBDIVIDER shall:
(a) Comply with all the requirements of the Resolution of Approval, and
any amendments thereto, and with the provisions of the Subdivision Laws.
(b) Complete at SUBDIVIDER's own expense, all the public improvement
work required by the Resolution of Approval in conformance with approved Improvement
Plans within one year from date of execution of this Agreement; provided however, that the
improvements shall not be deemed to be completed until accepted by City Council as
provided in Section (17) herein.
(c) Furnish the necessary materials for completion of the public
Improvements In conformity with the Improvement Plans.
(d) Acquire, or pay the cost of acquisition by CITY, and dedicate all rights -
of -way, easements and other interests in real property for construction and Installation of
the public Improvements, free and clear of all liens and encumbrances. The
SUBDIVIDER's obligations with regard to acquisition by CITY of off -site rights -of -way,
easements and other interests in real property shall be subject to a separate agreement
between SUBDIVIDER and CITY. SUBDIVIDER shall also be responsible for obtaining
RhU%M u M"7 - 4 -
any public or private sanitary sewer, domestic water, drainage, and/or utility easements or
authorization to accommodate the SUBDIVISION.
(e) Commence construction of the improvements by the time established
In Section (22) of this Agreement and complete the improvements by the deadline stated in
Section (1 xb) above, unless a time extension is granted by the CITY as authorized in
Section (22).
(f) Install all SUBDIVISION public improvement monuments required by
law and prior to formal final acceptance of the public Improvements by CITY. Individual
property monuments shall be installed within one year of said acceptance.
(g) Install street name signs conforming to CITY standards. Permanent
street name signs shall be installed before acceptance of the improvements by CITY.
(2) Acauisition and Dedication of Easements or Rights-of-Way. If any of the
public improvement and land use development work contemplated by this Agreement is to
be constructed or installed on land not owned by CITY or SUBDIVIDER, no construction or
Installation shall be commenced before:
(a) " The offer of dedication to CITY of appropriate rights -of -way,
easements or other interests in real property, and appropriate authorization from the
property owner to allow construction or Installation of the improvements or work, or
(b) The dedication to, and acceptance by, CITY of appropriate rights -of -
way, easements or other interests in real property, as determined by the City Engineer, or
(c) The issuance by a court of competent jurisdiction pursuant to the State
Eminent Domain Law of an order of possession. SUBDIVIDER shall comply in all respects
with the order of possession.
Nothing in this Section (2) shall be construed as authorizing or granting an extension
of time to SUBDIVIDER.
(3) S curs SUBDIVIDER shall at all times guarantee SUBDIVIDER's
performance by furnishing to CITY, and maintaining, good and sufficient security as
required by the Subdivision Laws on forms approved by CITY for the purposes and In the
amounts as follows:
(a) to assure faithful performance of this Agreement In regard to said
Improvements in an amount of 100% of the estimated cost of the improvements; and
(b) to secure payment to any contractor, subcontractor, persons renting
equipment, or furnishing labor and materials for the improvements required to be
constructed and installed pursuant to this Agreement in the additional amount of 50% of
the estimated cost of the Improvements; and
(c) to guarantee or warranty the work done pursuant to this Agreement for
a period of one year following acceptance thereof by CITY against any defective work or
labor done or defective materials furnished in the additional amount of 10% of the
estimated cost of the improvements; and
0
(d) SUBDIVIDER shall also furnish to CITY good and sufficient security in
the amount of one hundred percent (100%) of the estimated cost of setting SUBDIVISION
monuments as stated previously in this Agreement in Section (1 xf) for a period of one year
plus thirty (30) days from formal acceptance by the City Council.
The securities required by this Agreement shall be kept on file with the City Clerk.
The terms of the security documents referenced on page 1 of this Agreement are
Incorporated into this Agreement by this reference. If any security is replaced by another
approved security, the replacement shall:1) comply with all the requirements for security in
this Agreement; 2) be provided to the City Engineer to be filed with the City Cleric and,
upon filing, 3) shall be deemed to have been made a part of and incorporated into this
Agreement. Upon provision of a replacement security with the City Engineer and filing of a
replacement security with the City Clerk, the former security may be released.
4• • • -=111=11 -1=
(a) Any changes, alterations or additions to the Improvement Plans not
exceeding ten percent (10%) of the original estimated cost of the improvements, which are
mutually agreed upon by CITY and SUBDIVIDER, shall not relieve the improvement
security given for faithful performance of this Agreement. In the event such changes,
alterations, or additions exceed 10% of the original estimated cost of the improvement,
SUBDIVIDER shall provide improvement security for faithful performance as required by
Section (3) of this Agreement for one hundred percent (100%) of the total estimated cost of
the improvements as changed, altered, or amended, minus any completed partial releases
allowed by Section (6) of this Agreement.
(b) The SUBDIVIDER shall construct the improvements In accordance
with CITY standards in effect at the time of adoption of the Resolution of Approval. CITY
reserves the right to modify the standards applicable to the SUBDIVISION and this
Agreement, when necessary to protect the public safety or welfare or comply with
applicable state or federal law or CITY zoning ordinances. If SUBDIVIDER requests and is
granted an extension of time for completion of the improvements, CITY may apply the
standards in effect at the time of the extension.
(5) Inspection. SUBDIVIDER shall at all times maintain properfacilities and safe
access for inspection of the public improvements by CITY inspectors and to the shops
wherein any work is in preparation. Upon completion of the work, SUBDIVIDER may
request a final inspection by the City Engineer, or the City Engineer's authorized
representative. If the City Engineer, or the designated representative, determines that the
work has been completed in accordance with this Agreement, then the City Engineer shall
certify the completion of the public improvements to the City Council. No Improvements
shall be finally accepted by the City Council unless all aspects of the work have been
Inspected and completed in accordance with the Improvement Plans. When applicable law
requires an Inspection to be made by City at a particular stage of the work of constructing
and Installing such improvements, CITY shall be given timely notice of SUBDIVIDER's
readiness for such inspection and SUBDIVIDER shall not proceed with additional work until
the inspection has been made and the work approved. SUBDIVIDER shall bear all costs of
inspection and certification. No Improvements shall be deemed completed until accepted
by the City Council pursuant to Section (17) herein.
(6) Release of Securities. The securities required by this Agreement shall be
released as following:
(a) Security given for faithful performance of any act, obligation, work or
agreement shall be released upon the final completion and acceptance of the act or work,
subject to the provisions of subsection (b) hereof.
(b) The City Engineer may release a portion of the security given for
faithful performance of improvement work as the improvement progresses upon application
thereof by the SUBDIVIDER; provided, however, that no such release shall be for an
amount less than twenty-five percent (25%) of the total improvement security given for
MeMM1597 -8 -
faithful performance of the Improvement work and that the security shall not be reduced to
an amount less,than fifty percent (50%) of the total improvement security given for faithful
performance until final completion and acceptance of the Improvement work. In no event
shall the City Engineer authorize a release of the improvement security which would reduce
such security to an amount below that required to guarantee the completion of the
improvement work and any other obligation imposed by this Agreement.
(c) Security given to secure payment to the contractor, his or her
subcontractors and to persons furnishing labor, materials or equipment shall, at six (6)
months after completion and acceptance of the work, be reduced to an amount equal to no
less than 125% of the total claimed by all claimants for whom liens have been filed and of
which notice has been given to the CITY, plus an amount reasonably determined by the
City Engineer to be required to assure the performance of any other obligations secured by
the Security. The balance of the security shall be released upon the settlement of all claims
and obligations for which the security was given.
(d) No security given for the guarantee or warranty of work shall be
released until the expiration of the warranty period and until any claims filed during the
warranty period have been settled. As provided in Section (10), the warranty period shall
not commence until formal final acceptance of all the work and improvements by the City
Council.
(e) CITY may retain from any security released, an amount sufficient to
cover costs and reasonable expenses and fees, including reasonable attomeys' tees.
(7) Iniury to Public Improvements, Public Property or Public Utilities Facilities.
SUBDIVIDER shall replace or repair or have replaced or repaired, as the case may be, all
public improvements, public utilities facilities and surveying or subdivision monuments
R&OUHIDMIS97 -9-
which are destroyed or damaged as a result of any work under this Agreement.
SUBDIVIDER shall bear the entire cost of replacement or repairs of any and all public or
public utility property damaged or destroyed by reason of any work done under this
Agreement, whether such property is owned by the United States or any agency thereof, or
the State of California, or any agency or political subdivision thereof, or by CITY or any
public or private utility corporation or by any combination of such owners. Any repair or
replacement shall be to the satisfaction, and subject to the approval, of the City Engineer.
(8) Permits. SUBDIVIDER shall, at SUBDIVIDER's expense, obtain all
necessary permits and licenses for the construction and installation of the improvements,
give all necessary notices and pay all fees and taxes required by law.
(9) Default of SUBDIVIDER.
(a) Default of SUBDIVIDER shall Include, but not be limited to,
Agreement;
improvements;
Improvements;
(1) SUBDIVIDER's failure to timely commence construction of this
(2) SUBDIVIDER's failure to timely complete construction of the
(3) SUBDIVIDER's failure to timely cure any defect in the
(4) SUBDIVIDER's failure to perform substantial construction workfor
a period of twenty (20) calendar days after commencement of the work;
(5) SUBDIVIDER's insolvency, appointment of a receiver, or the filing
of any petition in bankruptcy either voluntary or involuntary which SUBDIVIDER fails to
discharge within thirty (30) days;
RbWUBOMIN7 -10-
(6) the commencement of a foreclosure action against the
SUBDIVISION or a portion thereof, or any conveyance in lieu or in avoidance of
foreclosure; or
(7) SUBDIVIDER's failure to perform any other obligation under this
Agreement.
(b) CITY reserves to itself all remedies available to it at law or in equity for
breach of SUBDIVIDER's obligations under this Agreement. CITY shall have the right,
subject to this Section, to draw upon or utilize the appropriate security to mitigate CITY's
damages in event of default by SUBDIVIDER. The right of CITY to draw upon or utilize the
security is additional to and not in lieu of any other remedy available to CITY. It Is
specifically recognized that the estimated costs and security amounts may not reflect the
actual cost of construction or installation of the improvements and, therefore, CITY's
damages for SUBDIVIDER's default shall be measured by the cost" of completing the
required improvements. The sums provided by the improvement security may be used by
CITY for the completion of the public improvements in accordance with the improvement
plans and specifications contained herein.
In the event of SUBDIVIDER's default under this Agreement, SUBDIVIDER
authorizes CITY to perform such obligation twenty (20) days after mailing written notice of
default to SUBDIVIDER and to SUBDIVIDER's surety, and agrees to pay the entire cost of
such performance by CITY.
CITY may take over the work and prosecute the same to completion, by contract or
by any other method CITY may deem advisable, for the account and at the expense of
SUBDIVIDER, and SUBDIVIDER's surety shall be liable to CITY for any excess cost or
damages occasioned CITY thereby. In such event, CITY, without liability for so doing, may
MOUVO su97 -11-
take possession of, and utilize in completing the work, such materials, appliances, plants
and other property belonging to SUBDIVIDER as may be on the site of the work and
necessary for performance of the work.
(c) Failure of SUBDIVIDER to comply with the terms of this Agreement
shall constitute consent to the filing by CITY of notice of violation against all the lots in the
SUBDIVISION, or to rescind the approval or otherwise revert the SUBDIVISION to
acreage. The remedy provided by this subsection (c) Is in addition to and not in lieu of
other remedies available to CITY. SUBDIVIDER agrees that the choice of remedy or
remedies for SUBDIVIDER's breach shall be in the discretion of CITY.
(d) In the event that SUBDIVIDER fails to perform any obligation
hereunder, SUBDIVIDER agrees to pay all costs and expenses incurred by CITY in
securing performance of such obligations, including but not limited to fees and charges of
architects, engineers, attorneys, other professionals, and court costs.
(e) The failure of CITY to take an enforcement action with respect to a
default, or to declare a breach, shall not be construed as a waiver of that default or breach
or any subsequent default or breach of SUBDIVIDER.
(10) Warran . SUBDIVIDER shall guarantee or warranty the work done pursuant
to this Agreement for a period of one year after final formal acceptance of the
SUBDIVISION by the City Council against any defective work or labor done or defective
materials furnished. If within the warranty period any work or improvement or part of any
work or improvement done, furnished, installed, or constructed by SUBDIVIDER fails to
fulfill any of the requirements of this Agreement or the Improvement plans and
specifications referred to herein, SUBDIVIDER shall without delay and without any cost to
CITY, repair or replace or reconstruct any defective or otherwise unsatisfactory part or
RMPUR MM -12 -
parts of the work or structure. Should SUBDIVIDER fail to act promptly or in accordance
with this requirement, SUBDIVIDER hereby authorizes CITY, at CITY's option, to perform
the work twenty (20) days after mailing written notice of default to SUBDIVIDER and to
SUBDIVIDER's surety, and agrees to pay the cost of such work by CITY. Should CITY
determine that an urgency requires repairs or replacements to be made before
SUBDIVIDER can be notified, CITY may, in its sole discretion, make the necessary repairs
or replacement or perform the necessary work and SUBDIVIDER shall pay to CITY the
cost of such repairs.
(11) SUBDIVIDER Not Agent of ClTY. Neither SUBDIVIDER nor any of
SUBDIVIDER's agents, contractors or subcontractors are or shall be considered to be
agents of CITY in connection with the performance of SUBDIVIDER'S obligations under
this Agreement.
(12) Iniury to Work. Until such time as the improvements are accepted by CITY,
SUBDIVIDER shall be responsible for and bear the risk of loss to any of the improvements
constructed or installed. Until such time as all improvements required by this Agreement
are fully completed and accepted by CITY, SUBDIVIDER will be responsible for the care,
maintenance of, and any damage to such improvements. CITY shall not, nor shall any
officer or employee thereof, be liable or responsible for any accident, loss or damage,
regardless of cause, happening or occurring to the work or improvements specified in this
Agreement prior to the completion and acceptance of the work or improvements. All such
risks shall be the responsibility of and are hereby assumed by SUBDIVIDER.
(13) Environmental Warranty. Prior to the acceptance of any dedications or
Improvements by CITY, SUBDIVIDER shall certify and warrant that neither the property to
be dedicated nor SUBDIVIDER is in violation of any environmental law and neither the
RMPUW MI397 -13 -
property to be dedicated nor the SUBDIVIDER is subject to any existing, pending or
threatened investigation by any federal, state or local governmental authority under or in
connection with environmental law. Neither SUBDIVIDER nor any third party will use,
generate, manufacture, produce, or release, on, under, or about the property to be
dedicated, any hazardous substance except In compliance with all applicable
environmental laws. SUBDIVIDER has not caused or permitted the release of, and has no
knowledge of the release or presence of, any hazardous substance on the property to be
dedicated or the migration of any hazardous substance from or to any other property
adjacent to, or in the vicinity of, the property to be dedicated. SUBDIVIDER's prior and
present use of the property to be dedicated has not resulted in the release of any
hazardous substance on the property to be dedicated. SUBDIVIDER shall give prompt
written notice to CITY at the address set forth herein of.
(a) Any proceeding or investigation by any federal, state or local
governmental authority with respect to the presence of any hazardous substance on the
property to be dedicated or the migration thereof from or to any other property adjacent to,
or in the vicinity of, the property to be dedicated;
(b) Any claims made or threatened by any third party against CITY or the
property to be dedicated relating to any loss or injury resulting from any hazardous
substance; and,
(c) SUBDIVIDER's discovery of any occurrence or condition on any
property adjoining in the vicinity of the property to be dedicated that could cause the
property to be dedicated or any part thereof to be subject to any restrictions on its
ownership, occupancy, use for the purpose for which is it is intended, transferability or suit
under any environmental law.
RhOMM I "I -14 -
0 4) Other Aareements. Nothing contained in this Agreement shall preclude CITY
from expending monies pursuant to agreements concurrently or previously executed
between the parties, or from entering into agreements with other subdividers for the
apportionment of costs of water and sewer mains, or other improvements, pursuant to the
provisions of the CITY ordinances providing therefore, nor shall anything in this Agreement
commit CITY to any such apportionment.
(15) SUBDIVIDER'S Obligation to Warn Public During Construction. Until formal
final acceptance of the improvements, SUBDIVIDER shall give good and adequate warning
to the public of each and every dangerous condition existent in said improvements, and will
take all reasonable actions to protect the public from such dangerous condition.
(16) Vesting of Ownership. Upon formal final acceptance of the work by CITY and
recordation of the Resolution of Acceptance of Public Improvements, ownership of the
Improvements constructed pursuant to this Agreement shall vest in CITY.
(17) Final Acceptance of Work. Acceptance of the work on behalf of CITY shall
be made by the City Council upon recommendation of the City Engineer after final
completion and inspection of all improvements. The City Council shall act upon the
Engineer's recommendation within sixty (60) days from the date the City Engineer certifies
that the work has been finally completed, as provided in Section (6). Such acceptance
shall not constitute a waiver of defects by CITY.
(18) Indemnity/Hold Harmless. CITY or any officer or employee thereof shall not
be liable for any injury to persons or property occasioned by reason of the acts or
omissions of SUBDIVIDER, its agents, or employees, contractors and subcontractors in the
performance of this Agreement. SUBDIVIDER further agrees to protect, defend, indemnify
and hold harmless CITY, its officials, boards and commissions, and members thereof,
RNUUMM1597 -15-
agents and employees from any and all claims, demands, causes of action, liability or loss
of any sort, because of, or arising out of, acts or omissions of SUBDIVIDER, its agents,
employees, contractors and subcontractors in the performance of this Agreement, except
for such claims, demands, causes of action, liability, or loss arising out of the sole active
negligence of the CITY, Its officials, boards, commissions, the members thereof, agents,
and employees, including all claims, demands, causes of action, liability, or loss because
of, or arising out of, In whole or In part, the design or construction of the Improvements.
This indemnification and agreement to hold harmless shall extend to injuries to persons
and damages or taking of property resulting from the design or construction of said
SUBDIVISION, and the public improvements as provided herein, and in addition, to
adjacent property owners as a consequence of the diversion of waters from the design and
construction of public drainage systems, streets and other public Improvements.
Acceptance by CITY of the Improvements shall not constitute an assumption by CITY of
any responsibility for any damage or taking covered by this Section. CITY shall not be
responsible for the design or construction of the property to be dedicated or the
Improvements pursuant to the approved improvement plans or map, regardless of any
negligent action or inaction taken by CITY In approving the plans or map, unless the
particular improvement design was specifically required by CITY over written objection by
SUBDIVIDER submitted to the City Engineer before approval of the particular improvement
design, which objection indicated that the particular improvement design was dangerous or
defective and suggested an alternative safe and feasible design.
After acceptance of the improvements, the SUBDIVIDER shall remain
obligated to eliminate any defect in design or dangerous condition caused by the design or
construction defect; however, SUBDIVIDER shall not be responsible for routine
R&GKIM 597 -16 -
maintenance. Provisions of this Section shall remain in full force and effect for ten (10)
years following the acceptance by CITY of the improvements. It is the intent of this Section
that SUBDIVIDER shall be responsible for all liability for design and construction of the
improvements installed or work done pursuant to this Agreement and that CITY shall not
be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving,
reviewing, checking, or inspecting any work or constriction. The improvement security
shall not be required to cover the provisions of this Section.
SUBDIVIDER shall reimburse CITY for all costs and expenses (including but rat
limited to fees and charges of architects, engineers, attorneys, and other professionals,
and court costs) incurred by CITY in enforcing the provisions of this Section.
(19) Personal Nature of SUBDIVIDEKS Obikiations. All of SUBDIVIDER's
obligations under this agreement are and shall remain the personal obligations of
SUBDIVIDER notwithstanding a transfer of all or any part of the property within the
SUBDIVISION subject to this Agreement, and SUBDIVIDER shall not be entitled to assign
its obligations under this Agreement to any transferee of all or any part of the property
within the SUBDIVISION or to any other third party without the express written consent of
CITY.
(20) Sale or Disposition of SUBDIVISION. Seller or other SUBDIVIDER may
request a novation of this Agreement and a substitution of security. Upon approval of the
novation and substitution of securities, the SUBDIVIDER may request a release or
reduction of the securities required by this Agreement. Nothing in the novation shaA relieve
the SUBDIVIDER of the obligations under Section (18) for the work or improvement done
by SUBDIVIDER.
RMUMM1597 -1�-
(21) Time of the Essence. Time is of the essence in the performance of this
Agreement.
(22) Time for Commencement of Work; Time Extensions. SUBDIVIDER shall
commence substantial construction of the Improvements required by this Agreement not
later than six (6) months after the date of this Agreement. In the event good cause exists
as determined by the City Engineer, the time for commencement of construction or
completion of the Improvements hereunder may be extended for a period or periods not
exceeding a total of two (2) additional years. The extension shall be executed in writing by
the City Engineer. Any such extension may be granted without notice to SUBDIVIDER's
surety and shall not affect the validity of this Agreement or release the surety or sureties on
any security given for this Agreement. The City Engineer shall be the sole and final judge
as to whether or not good cause has been shown to entitle SUBDIVIDER to an extension.
Delay, other than delay in the commencement of work, resulting from an act of CITY, act of
God, or by storm or inclement weather, strikes, boycotts or similar political actions which
prevents the conducting of work, which SUBDIVIDER could not have reasonably foreseen
and, furthermore, were not caused by or contributed to by SUBDIVIDER, shall constitute
good cause for and extension of the time for completion. As a condition of such extension,
the City Engineer may require SUBDIVIDER to furnish new security guaranteeing
performance of this Agreement as extended In an increased amount as necessary to
compensate for any increase in construction costs as determined by the City Engineer.
(23) No Vesting of Rights. Performance by SUBDIVIDER of this Agreement shag
not be construed to vest SUBDIVIDER's rights with respect to any change in any zoning or
building law or ordinance.
RmpuanmiN7 -18-
(24) Notices. All notices required or provided for under this Agreement shall be in
writing and delivered in person or sent by mail, postage prepaid and addressed as
provided in this Section. Notice shall be effective on the date it is delivered in person, or, if
mailed, on the date of deposit in the United States mail. Notices shall be addressed as
follows unless a written change of address is filed with the City:
Notice to CITY: City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, California 92260
Attn: Public Works Director
Notice to SUBDIVIDER: Pearwood Ventures LLC
77682 Country Club Drive
Suite A3
Palm Desert, CA 92211
Notice to SURETY: SureTec Insurance Comany
do Pinnacle Surety
151 Kalmus Dr.; Suite A201
Costa Mesa, CA 92626
(25) Compliance With Laws. SUBDIVIDER, its agents, employees, contractors
and subcontractors shall comply with all federal, state and local laws in the performance of
the improvements and land development work required by this Agreement.
(26) Severability. The provisions of this Agreement are severable. If any portion
of this Agreement is held invalid by a court of competent jurisdiction, the remainder of the
agreement shall remain in full force and effect unless amended or modified by the mutual
consent of the parties.
(27) Captions. The captions of this Agreement are for convenience and reference
only and shall not define, explain, modify, limit, exemplify, or aid in the interpretation,
construction or meaning of any provisions of this Agreement.
MOUMMS97 -19 -
(28) Litigation or Arbitration. In the event that suit or arbitration is brought to
enforce the terms of this Agreement, the prevailing party shall be entitled to litigation costs
and reasonable attomeys' fees.
(29) Incorporation of Recitals. The recitals to this Agreement are hereby
incorporated Into In the terns of this Agreement.
(30) Entire Agreement. This Agreement constitutes the entire agreement of the
parties with respect to the subject matter. All modifications, amendments, or waivers of the
terms of this Agreement must be in writing and signed by the appropriate representatives
of the parties.
(31) interpretation. This Agreement shall be interpreted in accordance with the
laws of the State of California.
(32) Jurisdiction. Jurisdiction of all disputes over the terms of this Agreement
shall be in the County of Riverside, State of California.
RMPUB\DMI"7 - 2 0 -
IN WITNESS WHEREOF, this Agreement is executed by the parties as of the date
hereinabove first written; by CITY, by and through Its Mayor.
PEARWOOD VENTURES LLC
By: j4k
SUBI)NIMR$1.,,r•� CI,�;,., �,
SUBDIVIDER
(Proper Notarization of
SUBDIVIDER's signature is
required and shall be attached)
RhUVOMMM
CITY OF PALM DESERT
'-", �wx�
MAYOR
ATTEST:
APPRO\TD S TO FORM:
CITY ATTORNEY
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of Rivprf idP
On December 17, 2011before me, M. G. Sanchez, Notnry Public
BW_Han 1100 Name and Tft al Ya oftw
personally appeared Van G. Tanner ---------------------------
Namaia) of 80"e)
M. G. SANCHEZ
Commission f 1905339
• Notary Public - Callfornia
Riverside County
My Comm, Ex lees Oct 29.201
Plena W" sw m "
who proved to me on the basis of satisfactory
evidence to be the person(p) whose name(A) is/gfe
subscribed to the within instrument and acknowledged
to me that he/stje M99 executed the same in
hislh 0)eir authorized capacity(lpd), and that by
hi"r/tVeir signature() on the instrument the
persons), or the entity upon behalf of which the
personp) acted, executed the instrument.
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 offleiabseal.
Signature:
OPTIONAL I
Through the 10ftnatlon below is rwt required bylaw, It may prove vahm a to per s fwng on N
and could prevent fraudulent removal and reattachment of tins another abcumei
Description of Attached Document Subdivision Tmprovament Agreement
Title or Type of Document: Per:rwood Venturan, LLC -- TM 36554-1
Document Date: November 22, 2013
Signer(s) Other Than Named Above: _
Capeclty(Ies) Claimed by Signer(s)
Signer's Name: Van G. Tanner
❑ Corporate Officer — Tille(s):
❑ Individual
❑ PaMner — ❑ I kMted ❑ General Top o) twMo ►,ere
❑ Attorney In Fact
❑ Trustee
❑ Guardian or Conservator
bl Other. Mayor
Signer Is Representing:
City of Palm Desert
Number of Pages:
SIQWs Name:
❑ Corporate Officer — Title(s):
❑ Ind
❑ Partner —
❑ Attorney In f
❑ Trustee
❑ Guardian or
❑ Other.
Signer Is Representing:
❑ General I Top of euanb hwe
vATAN MMMM Hoary Aaaoaaaon • naoorwMWV.ary • i-Oaaue WTMr (140"764=7) Nam esw
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of V �I F,
On �• ,.lre me,
personally appeared
CIM cow # »a
who proved to me on the basis of satisfactory
evidence to be the persortwhose nameis/are—
subscribed to the within in merit and ad=wledged
to me that heAW%Ah" executed the same in
hisrheiAhew authorized capacdy41esfi"and that by
hisftwAheir signaturgW on the Instrument the
tfAMANTtfA itCHwEMCK
person! or the entity upon behalf of which the
tt �
Net�y
personWacted, executed the instrument
I�uNfe • CMKorttls
I12NfW118 County
gam• Doe 1. gall
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
Signature: _
Pkr Notry Sw Abow
OPTIONAL
Though the tnAwmadan below is not required by law, H may prove vai
and could prevent fraudulent removal and reattachment of
Description of Attached Document
Tide or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capecity(les) Claimed by Signer(s)
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Individual
❑ Partner — ❑ Urnited ❑ General 7"Ou-1,1b
❑ Attorney in Fact
❑ Trustee
O Guardian or Conservator
❑ Other:
Signer is Representing:
Of
wzdF retying on the document
to another document.
Number of Pages:
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Individual
❑ Partner — ❑ Limited O General Top a aaxnb hers
❑ Attorney in Fact
❑ Trustee
O Guardian or Conservator
O Other:
Signer Is Representing:
0 2010 NOWW MA" Arodolm • NoWnd aov.orp • 1-000-US NOTARY (/4W4764W) Ntm f5w
U
EXH1g1—„A"
kHIEI C
Engineer's Cost Estimate
C Q N • kb L T, N R
TRACT
NO.
36SU-1
42575 1110100W PL. =. M PONS OwrL CA 92221
Tel 760. 340.9e60 Fox 760.340.11M
Client:
Pearwood Ventures LLC
WO No.: 130301
Caldd: J.R.
Pa
1
Date:
10/25/13
Chk'd:
M.H.
I of.
1
DESCRIPTION
QUANTITY
UNIT
COST
SUBTOTAL
STREET IMPROVEMENTS
4" A.C. over 7" A.B. Class 2
33,766
S.F.
$4.00
$135,072.00
Cut A.C. Edge Pavement Overlay to Join 7 min.
8,481
S.F.
$2.00
$16,962.00
6" Curb and Gutter
1,176
L.F.
$18.00
$21.168.00
8" Curb and Gutter
275
L.F.
$22.00
$6.050.00
Constr. Driveway approach per CPD Std. 105 W=16'
16
EA.
$680.00
$10,880.00
Constr. PCC Cross Gutter
1,682
S.F.
$10.00
$16.820.00
6' Wide, 4" thick P.C.C. Sidewalk
7,400
S.F.
$4.00
$29,600.00
8' Wide, Meandering Sidewalk Per C.P.D. Std. No. 104
4,370
S.F.
$5.00
$21,850.00
Adjust Water Valve to Grade Per C.V.W.D. STDS.
2
EA
$300.00
$600.00
Adjust Manhole to Grade
2
EA
$500.00
$1,000.00
Stop Sign, Stop Bar and Legend
1
EA
$500.00
$500.00
Street Sign
1
EA
$300.00
$300.00
Construct Catch Basin/Drywel Per CPD Std. No. 111A
1
EA
$12,000.00
$12,000.0
Construct Gutter Depression Per Riv. Co. #311
1
EA
$2,500.00
$2,500.00
Construct Access Ramp Per Riv. Co. Std. 403 case A 8 ADA std.
2
EA
$1,500.00
$3,000.00
Install Blue F.H. Markers
2
EA
$25.00
$50.00
Instal W14-1 "Dead End" Sign Per. CPD Std. DWG. No. 203
1
EA
$300.00
$300.00
Install End of Street Sign W31 and N-2 Per CPD Std. No. 301
1
EA
$500.00
$500.00
Total
$279,152.00
STORM DRAIN IMPROVEMENTS AND MISC.
Install 8" ADS Storm Drain Pipe
14
L.F.
$38.00
$532.00
Construct Under Sidewalk Drain Per CPD Std. Dwg. No. 200
1
L.S.
$2,200.00
$2,200.00
Install 36" CMP Riser
2
L.S.
$2,500.00
$5.000.00
Install 24" RCP Storm Drain Pipe
17
L.F.
$68.00
$1,156.00
ConTsch 96" CMP Stormwater Retention System
1
L.S.
$70,000.00
$70,000.00
Landscaping
5,920
S.F.
$6.00
$35 520.00
Total
$114,408.00
SUB -TOTAL
$393,660.00
20% CONTINGENCY
$78712.00
TOTAL
$472,272.00
Public Utilities Bond Estimate Does not include some hems not related to street and utility placement
Does not include Bonds, M.S.W.D. Fees, Governmental Agency Fees.
*Grading does not inchrds pre -watering or soils testing.
"Soils report may uire over -excavation of street and pad sits* tMe cost Is not included.
130301 STREET .xis
CITY OF PALM DESERT
STANDARD FORM
SUBDIVISION
FAITHFUL PERFORMANCE BOND
NAME OF SUBDIVISIOWENCORE PALM DESERT
NAME OF SUBDMDER:PEARWOOD VENTURES LLC
NAME OF SURETY: SureTec Insurance Company
EFFECTIVE DATE: November 19, 2013
AMOUNT OF BOND:$472,272.00
BOND NUMBER: 4392974
PREMIUM: $9,945.00
KNOW ALL MEN BY THESE PRESENTS: That the person, firm,
corporation, entity, or otherwise, named on line 2 above, without regard to
gender and number, hereinafter referred to as PRINCIPAL, and the corporation
named on Line 3 above, a corporation authorized to do business in the State of
California and presently possessed of authority under Title 6 of the United States
Code to do business under Sections 6 to 13 thereof, in the aggregate amounts
hereof, hereinafter referred to as SURETY, are jointly and severally held and
firmly bound unto the City of Palm Desert, a municipal corporation of the State of
California, hereinafter referred to as CITY, in the sum mentioned on Line 6
above, for the faithful performance of that certain SUBDIVISION
IMPROVEMENT AGREEMENT between PRINCIPAL and CITY regarding the
subdivision named on Line 1 above, as required by the provision of the
Subdivision Map Act and CITY ordinances, resolutions, rules, and regulations, for
the payment of which sums well and truly to be made, PRINCIPAL and SURETY
hereby bind themselves, their heirs, administrators, executors, successors and
assigns, jointly and severally, firmly by these presents.
The condition of the foregoing obligation is such that if the said
PRINCIPAL shall faithfully perform the covenants, conditions, and agreements
contained in that certain SUBDIVISION IMPROVEMENT AGREEMENT between
PRINCIPAL and CITY regarding the subdivision named on LINE 1 of Page 1
hereof, which said agreement is by this reference incorporated herein, on its part
to be kept and performed, in a manner and form therein specified, and shall
furnish material in compliance with the specifications and perform all that certain
work and improvement in said CITY which is more particularly described in said
SUBDIVISION IMPROVEMENT AGREEMENT, then the obligation with respect
to the faithful performance is by this reference incorporated herein.
The said SURETY, for value received, hereby stipulates and agrees that
no change, extension of time, alteration or addition to the terms of the
SUBDIVISION IMPROVEMENT AGREEMENT or to the work to be performed
thereunder or the specifications accompanying the same shall In anywise affect
its obligations on this bond, and it does hereby waive notice of any such change,
extension of time, alteration or addition to the terms of the SUBDIVISION
IMPROVEMENT AGREEMENT, the work, the specifications or any feature or
item of performance thereunder. In the event it becomes necessary for CITY to
bring an action to enforce this bond, SURETY shall pay CITY's reasonable
attorney's fees and court costs in connection therewith.
IN WITNESS WHEREOF, PRINCIPAL and SURETY have executed this
instrument on the date mentioned on Line 4 of Page 1 hereof.
PEARWOOD VEN.TyRES LLC
BM - //JV .
PRlkdPii:'§ SIGNATURE
S6A CUA
PRINT NAME
TITLE &COMPANY NAME
PRINCIPAL'S SIGNATURE
PRINT NAME
TITLE & COMPANY NAME
LC
SureTec Insurance Company
SURETY'S SIGNATURE
Stephanie
(Notarial acknowledgement of execution by ALL PRINCIPALS and SURETY must be attached.)
ri�-. ,1. ,
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of
Orange
l On Ia2013 before me, Barbara Copeland. Notary Public
om
personally appeared nIe lion
who proved to me on the basis of satisfactory evidence to
be the persons) whose names) Is/an subecribed b the
within instrument and acknowledged to me that
-i+e d*ftey executed the same in 4ftf erAhek authorized
=,&BAIRBAR
D �)• and that byfiislherAbeir signethxe(sf on the
48Instrt ywd the persona), or the entity upon behalf of
nle = which the �so^(s* acted, exwAed the htskumert
, 2017 + I certify under PENALTY OF PERJURY under the laws
of the State of California that the bregdng paragraph is
true and correct.
WITNESS my and official seal
ph" "w sad amSignature PUNo
OPTIONAL
7bo&O ass, ibm agm batcw 1s not required by bwK At nW pnm ► AmW to persons m6ft an the document
and oouW p mWV /raualdwV removal and reaBact;cwtt or b* brm to anonwr domm t
Description of Attached Docunrsnt
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capu ty(les) Clsittned by Signers)
Signers Name: Stephanie Hoang
O tndividuel
❑ Corporals Ottber — Tide(s):
❑ Partner — ❑ Umited O General
N Attorney in Fad
❑ Trustee Top d e,u hen
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Signers Name:
❑ Individual
O Corporate Officer — Title(s):
❑ Partner — O Umited ❑ General
❑ Attorney In Fact
❑ Trustee a urine n.n.
❑ Guardian or Conservator
❑ Other•.
Signer Is Representing:
O W N01" mi.y r..owo�• wso o. sde ro eon tat•arr.ve� a et era:• �rNo�r�ao wM MM rradre d iiF$ 14aoweae�
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT crow 000e ! 1In
State of California
County of V s
On O' before me,ihWHem bu"NWM TW co ow Maw IF
personally appeared Old Lka,3 M
9"M LBAIMANMA SCHWENCK
CO MM88100.111WM
Notary PUMIC - CMIHornI8
Riwrsld. C" r
CWAL Iru Oa 14. 2015
who proved to me on the basis of satisfactory
evidence to be the personWwhose nameWistatre—
subscrlbed to the within instrument and admowledged
to me that hetshef tvW executed the same in
hislawAheir authorized capac' , and that by
his/herAheir signatur5aron the instrument the
person or the en upon behalf of which the
persorwacted, executed the Instrument.
I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my h n o ' ial seal.
Signature:
w.a NWAry apt Abo" OPTIONAL S!== PUW
77ough the dnforma&n below is not requhed by law, it may prove valuable to persona relying on the document
and could prevent fraudulent removal and reattachment of M form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above: _
Capacity(les) Claimed by Signer(s)
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Individual
❑ Partner — ❑ Limited ❑ General Top d &,ft hers
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Signer's Name:
❑ Corporate Officer — Title(s):
❑ Individual
❑ Partner — ❑ Limited ❑ General Top of imp here
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
=ice
0 2010 Nssona NoWy Anods"n - NM -WNaary.mg • 14WUS NOTARY (1.8004" Qs27) — — Rwn RMW
)U
FoA u: 510006
SureTec Insurance Company
LEWTED POWER OF ATTORNEY
Know All Mar by Thee Prom^ That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Haan Co
make, constitute and appoint �Y� Texas, does by these presents
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attorney -in -fleet, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognirances, rmdaWdngs or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for.
Frye Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fWly and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and.duly atteated by its Secretary, hereby ratifying and co all that the said Attorn
premises. Said appointment shall continue in force until tonlrtats confirming i and athoriFad may of in the
resolutions of the Board of Directors of the SureTec Insurance Company: la mode �� by authority °f the following
Be It Resolved that the President, any Vice -President; any Assistant Via -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with fuH power and authority to appoint any ant or mote suitable persons as Attorneys}in-Fact to represent and ad for and on
behalf of the Company subject to the following provisions:
Anoryln-Fact may be given fuH power and authority for and in the name of And of behalf of the Company, to execute, acknowledge and
deliver, coy and all bonds, ncognimaces, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attorney -in -Fact shall be binding upon the Company as if signet by the President and sealed and e$ected by the Corporate Secretary.
Be it Raxafvsd that the signature of any authorized officer and seal of the Company heretofore or hereafter a8bcei to my
power of attorney or
any ccrI fiate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signeWe or facsimile sad shall be valid
and binding upon the Company with respect to any bond or underttaking to which it is attached (Adopted at a neeating held on 10* ojApril,
1999.)
In if7&m H%e oaf,, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21 st day of March, A.D. 2013.
?S�PF SURETEC INSURANCE COMPANY
o
cut' X If By:
m John ox Jc: dent
State of Texas ss:
County of Hzrke
•
On this 21st day of March, A.D. 2013 before me personally ate John Knox Jr., to me known, who, being by me duly sworn. did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument; that he knows the seal of said Company; that the sod affixed to said instrument is such corporate seal: that it was so affixed by order of the
Board of DireLlors of said Company; and that he signed his name thereto by like order.
s.uc0MYN MuhnonAoo
Nab" Pubic
stab of Teas
My Comm. EX;L s/lenot? JacqVielyn Maldousdo, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COWANY, do hereby certify that the above and foregoing is a true and corrxt copy
of a Power of Attorney, executed by said Company, which is still in fWl form and of eect; and f athermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in Rill form and effect.
Given under my hand and the seal of said Company at Houston, Texas this �- I day of NOVdn b A.D.
lire i Beaty, Assistant kecretary
My Instrument issued In excess of the penalty elated above Is totally void and without any validity.
For vsrMeatlon of the authority of this power you may call (7131812.0800 any business day between 8:00 on and 5:00 pm CST.
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COMPANY PROFILE
Company Information
Old Company Names
Agent For Service
NANCY FLORES
CIO CT CORPORATION SYSTEM
818 WEST SEVENTH STREET
LOS ANGELES CA 90017
Reference Information
SUR1FT1EC INSURANCE COMPANY
1330 POST OAK BLVD., SUITE 1100
HOUSTON, TX 77056
Effective Date
NAIC *:
10916
California Company ID s:
4914-8
Date Authorized in California:
10/24/2005
License Status:
UNLIMirED-NORMAL
Company Type:
Property & Casualty
State of Domicile:
TEXAS
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NAIC Group Ust
NAIC Group *: 4779 JK Grp
Lines Of Business
The company is authorized to transact business within these lines of Insurance.
For an explanation of any of these terms, please refer to the glossary.
SURETY
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m 2008 California Department of Insurance
https:Hinteractive.web. insurance.ca.gov/companyprofile/companyprofile?event=company... 11 /27/2013
CITY OF PALM DESERT
STANDARD FORM
SUBDIVISION
PAYMENT BOND
(LABOR & MATERIALS)
NAME OF SUBDIVISION: ENCORE PALM DESERT
NAME OF SUBDIVIDER: PEARWOOD VENTURES LLC
NAME OF SURETY: SureTec Insurance Company
EFFECTIVE DATE: November 19, 2013
AMOUNT OF BOND: $236,136.00
BOND NUMBER: 4392974
PREMIUM: $9,945.00
KNOW ALL MEN BY THESE PRESENTS: That the person, firm,
corporation, entity or otherwise, named on Line 2 of Page 1 hereof without regard
to gender and number, hereinafter referred to as PRINCIPAL; and the
corporation named on Line 3 of Page 1 hereof, a corporation authorized to do
business in the State of California and presently possessed of authority under
Title 6 of the United States Code to do business under Section 6 to 13 thereof in
the aggregate amounts hereof, hereinafter referred to as SURETY; are jointly
and severely held and firmly bound unto and all materialmen, persons,
companies or corporations furnishing materials, provisions, provender or other
supplies used, in, upon, for or about the performance of the work contracted to
be executed or performed under the terms of that certain SUBDIVISION
IMPROVEMENT AGREEMENT hereinafter mentioned and all persons,
companies or corporations renting or hiring teams or implements, or machinery,
for contributing to said work to be done, all persons who performed work or labor
upon the same, and all persons who supply both work and materials, and whose
claim has not been paid by PRINCIPAL in the just and full sum mentioned on
Line 5 of Page 1 hereof for the payment whereof, well and truly to be made, said
PRINCIPAL and SURETY bind themselves, their heirs, administrators,
successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THE OBLIGATION is such that whereas the above -
bounden PRINCIPAL has entered into a SUBDIVISION IMPROVEMENT
AGREEMENT with the City of Palm Desert, a municipal corporation of the State
of California, hereinafter referred to as CITY, for the construction of public
improvements in the subdivision named on Line 1 of Page 1 hereof, which said
SUBDIVISION IMPROVEMENT AGREEMENT is by this reference incorporated
herein:
NOW, THEREFORE, if the above -bounden PRINCIPAL, contractor,
person, company or corporation, or his or its subcontractor or subcontractors,
fails to pay for any materials, provisions, provender, or the supplies, or teams
used In, upon, for, or about the performance of the work contracted to be done,
or for any work or labor done thereon of any kind, or for amounts due under the
Unemployment Insurance Act with respect to such work for labor, SURETY on
this bond will pay the same, in an amount not exceeding the sum specified in this
bond, and also, in case suit is brought on this bond, a reasonable attorney's fee
which shall be awarded by the court to the prevailing party in said suit, said
attorney's fee to be taxed as costs in said suit and to be included in the judgment
therein rendered.
This bond is executed and filed to comply with the provisions of the
Subdivision Map Act; and all CITY ordinances, resolutions, rules and regulations
supplemental thereto; and all amendments thereto; and shall Inure to the benefit
of any and all materialmen, persons, companies or corporations entitled to file
claims under and by virtue of the provisions thereof.
IN WITNESS WHEREOF, PRINCIPAL AND SURETY have executed this
instrument the date mentioned on Line 4 of Page 1 hereof.
PEARWOOD VENTURES LLC
By:
TORE PRINCIPAL'S SIGNATURE
J ICE'+ li4 l �
PRINT NAME PRINT NAME
d 1,6 -C w ux
TITLE WCOMPANY NAME TITLE & COMPANY NAME
SureTec Insurance Company
SURETY'S NAME
Stephanie
(Notarial acknowledgement of execution by ALL PRINCIPALS and SURETY must be attached.)
Aw
Ca"ROR
A��R�sE AC1C111p�
stare of Cati>ornW
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County d Oran
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personty appearw Barham
person( jmyw� basis of
BARBARA COPELANOshwiftno�� �+nlentnons�
Commission #� 20c6348 = ""�` f to �
zamg
Notary Public -California � )� arid
ChB VFterYpa that
Orange county p�,,�, her ,�,,��Ortzsd
Comm. Expires4119.2017 ~ Which the Persp�(' 0) aa�.Or P� a(be�> of
t certify under PENAVY OF �urttent,
Ori, and �Caftrnis that t�Vl�y under
Paragraph is
wmvEss my hpV �•►�a,,,�„�,,. and °Ifiaal seal.
�+► m. �„�„� signature
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Doc"'nent Oate:
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Nred Above: Nun*w of pages:
Cap"Oft) cytnw by
Sorwr,h Name.
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�p Partner to t Urniteda $): �01cw a:
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der ❑ Truatft
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CALIFORNIA ALL-PURPOSE ACKNOWLEDQMENT
State of Califofl2la
County of L�Tiil-�(�
On fore me. SIM&
DW �--M . __
personally appeared
WYIL CODE • 11"
who proved to me on the basis of satisfactory
evidence to be the person whose nameWiswif
subscribed to the within instfument and acknowledged
to me that he/she" executed the same in
hisiberNmir-authorized capacityy 4, and that by
hisraerAMeir signatureW on the instrument the
rA SAAtAMM SCWMMK persor4. or the entity upon behalf of which the
a ote *w "* 1910M personkg) acted, executed the instrument.
t>W1 Pubk - Ca llonda
RMnida co"
Calm" On 16, 2015 1 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 official seal.
Signature:
Pop NoWy S" Above Notry Pubic
oMONAL
Though the h7lb matim below Is not required by law, it may prove va1uab persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document
Description of Attached Document
Tide or Type of Document:
Document Date:
Signer(s) Other Than Named Above: _
Capacity(les) Claimed by Signer(s)
Signer's Name:
O Corporate Officer — Titie(s):
❑ Individual
❑ Partner — ❑ Limited ❑ General Top of Its tare
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Signer's Name:
❑ Corporate Officer — Titie(s):
❑ Individual
❑ Partner — ❑ Limited ❑ General Top a thw b he"m
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
0 2010 Mabnd MM" AwdWon • N. wWMo*y rp • t 4WW NOTMY (14W47"LM "M
MAINTENANCE BOND
BOND NO.: 4392974M
Premium included in Performance Bond
KNOW ALL MEN BY THESE PRESENTS:
THAT we, Pearwood Ventures LLC , as Principal,
and SureTee Insurance Company a corporation organized and doing business under
and by virtue of the laws of the State of Texas and duly licensed to conduct surety
business in the State of California, as Surety, are held and firmly bound unto
City of Palm Desert
as Obligee, in the sum of forty seven thousand two hundred twenty seven & 00/100
($ 47,227.00 ) Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors
and successors, jointly and severally firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH THAT:
WHEREAS, the above named Principal entered into an agreement or agreements with said Obligee to:
The Final Subdivision Map of Tract No. 36554-1 and the Related Improvement
WHEREAS, said agreement provided that Principal shall guarantee replacement and repair of improvements as described
therein for a period of one year following final acceptance of said improvements;
NOW, THEREFORE, if the above Principal shall indemnify the Obligee for all loss that Obligee may sustain by reason
of any defective materials or workmanship which become apparent during the period of one year from and after acceptance
of the said improvements by Obligee, then this obligation shall be void; otherwise to remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name
of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact
this 19th
day of May 2015
YEAR
Pearwood Vent res SureTqc4nsurance Company
Principal
BY:
ep a oang, Attorney -in -Fact
'CALIFORNIA• • •D
Cd;cC< CNs�.a�<!cC<�<.a<.a..a<��C�<!c�Y.cC<!cC<!�<�< .•�<!�<C.C<.:C<! �< CLa< < <!.�<C.�<! �<!.C.C<!LC«cC< < < <.cC<!�<!.�<..�< �<!sC<�< <.
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California )
County of &Vr eLsj oeJ __ )
On ,01 � before me, �c �7'k2V
ate Here Insert Name and Title of the Officer
personally appeared :Sn4aA;r_ �ffe�ih
NameKof Signer,'
who proved to me on the basis of satisfactory evidence to be the person,(9f whose nameX Warms
subscribed to the within instrument and acknowledged to me that he45�hb/they executed the same in
his/De6tll r authorized capacity(jesj, and that by his/.he6tWr signatureKon the instrument the personfs)!
or the entity upon behalf of which the person,Wacted, executed the instrument.
LORI J. CABOT
Commission ! 20.06473
= Notary Public - California i
flirersi0e County '
My Comm. Expires Oct 17 201 a
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 official seal.
Signature
Si ature of Notary Public
Place Notary Seal Above
OPTIONAL
Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: %2��-�,�f �a.�.,�_ Document Date: hi9.3a/S
Number of Pages: Signer(s) Other Than Named Above:
Capacity(j"TClaimed by Signer�sJ�
Signer's Name: Ste„—,
I Corporate Officer — Title(s): 4- Y on�a-,.,�
Partner — LI Limited El General
Individual 7-'Attorney in Fact
Trustee _ _ Guardian or Conservator
i -1 Other:
Signer Is Representing:
T
Signer's Name:
- Corporate Officer — Title(s):
Partner — 71 Limited :J General
Individual Attorney in Fact
Trustee L Guardian or Conservator
Other:
Signer Is Representing:
4C.=.!G�rii,�ei.vi•: i4�!tiG�.'✓ ✓4�✓,.C=!G'✓G'uG�:'aiv:'ei.<'✓GCti.•iiaG'�iG�G'eiG�:�.G ✓GC. 'e��iG��!s'uG'u4�.�G.� .�G.•'G. s, .
02 ionalNotary• •www.NationalNotary.org1-800-US NOTARY i • • • i
I
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached and not the truthfulness, accuracy, or validity of that document.
State of Califomia
Countv of Orange )
On 0l l1 1 (� before me, V. Copeland Notary Public,
personally appeared Stephanie Hoang
Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s-) is/ar-e subscribed to the
within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
V. COPELAND
Commission # 2046542
Notary Public - California i
i Orange County
My Comm. Expires Oct 24, 2017
Place Notary Seal Above
I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
WITNES y and and officials 1.
Signature:
S' lure ofNotary Public
---------- -- -- OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could present fraudulent and reattachment of this form to another document.
Description of Attached Document
Type or Title of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Stephanie Hoang
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
® Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Number of Pages:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
Rev. 1-15
PoA#: 510006
�nreTee Insurance Company
LEMT'ED POWER OF ATTORNEY
Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Hams County, Texas, does by these presents
make, constitute and appoint
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attorney -in -fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attomey-in-Fact may do in the
premises. Said appointment shall continue in force until 10/31/2015 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attorneys) -in -Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attorney -in -Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved; that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 2e of April,
1999.)
In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21 st day of March, A.D. 2013.
yvpANC` SURETEC INSURANCE COMPANY
ur q ''t By.
w 1 w ' John o= Jr: resident
R� C i
State o. Texas ss: ' Y
CC.Luty of Hp_ris 1
sue.»
On ilris 21st day of March, A.D. 2013 before me personally came John Knox Jr., to me known, who, being by me duly sworn, did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument that he knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company; and that he signed his name thereto by like order.
JACQUELYN MALDONADO
Notary Public
State of Texas
My Comm. Exp. 5118/2017 Jacq elyn Maldonado, Notary Public
My commission expires May 18, 2017
I, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect. I , f_
K/* (�
Given under my hand and the seal of said Company at Houston, Texas this I�-1'` day of ,�, V , A.D.
. Breift Beaty, Assistant Secretary
Any instrument issued In excess of the penalty stated above is totally void and without any validity.
For verification of the authority of this power you may call (713) 812-0800 any business day between 8:00 am and 5:00 pm CST.
may' 2� -► y M
/`�� `ENCOREAIM .
Circulation Network
4D City Boundary
LI City Boundary
— Streets
❑ Parcels (4/7014)
' 1: 1,980 0]
Notes
MAINTENANCE BOND
BOND NO.: 4392974M
Premium included in Performance Bond
KNOW ALL MEN BY THESE PRESENTS:
THAT we, Pearwood Ventures LLC , as Principal,
and SureTec Insurance Company a corporation organized and doing business under
and by virtue of the laws of the State of Texas and duly licensed to conduct surety
business in the State of California, as Surety, are held and firmly bound unto
City of Palm Desert
as Obligee, in the sum of forty seven thousand two hundred twenty seven & 00/100
($ 47,227.00 ) Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors
and successors, jointly and severally firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH THAT:
WHEREAS, the above named Principal entered into an agreement or agreements with said Obligee to:
The Final Subdivision Map of Tract No. 36554-1 and the Related Improvement
WHEREAS, said agreement provided that Principal shall guarantee replacement and repair of improvements as described
therein for a period of one year following final acceptance of said improvements;
NOW, THEREFORE, if the above Principal shall indemnity the Obligee for all loss that Obligee may sustain by reason
of any defective materials or workmanship which become apparent during the period of one year from and after acceptance
of the said improvements by Obligee, then this obligation shall be void; otherwise to remain in full force and effect.
IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name
of the said Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact
this 19th day of _May 2015
YEAR
Pearwood Vent res SureTec4nsurance Company
— Principal -
,
t
BY:
Nam ., Sher f�� ep a oang, nnomcy-in-Pact
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL •.
•!z�...-�t.z.. i; �< : •.a\•.•t\..aC .T.. • . /; •�..s\..a\•.zt.s�t.. :..\t..�•�.•�..:�. \..:�:�t/; •�.: .!•.\:!\:!..\:. :\:�.�•!:�•.:\..•.\... • c\. cam..
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California )
County of��tlG�2SroCJ )
On before me, &c
ate Here Insert Name and Title of the Officer
personally appeared Sngd_Ar �ffe[-ih
NameKof Signer
who proved to me on the basis of satisfactory evidence to be the personle whose nameX is/ar-e
subscribed to the within instrument and acknowledged to me that he/�/tt;leY executed the same in
his/fjef/th3ef"r authorized capacity(4, and that by his/0ef/tJaetr signatureKon the instrument the person*,,
or the entity upon behalf of which the personXacted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph
is true and correct.
LORI J. CABOT WITNESS my hand and official seal.
Commission * 2006473
Notary Public - California Z
Riverside County 9
Comm. M Oct 17 2018 + Signature
Si6hature of Notary Public
Place Notary Seal Above
OPTIONAL
Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: a�,,Lf.,,ti,,•�,�,,�__. Document Date: �'.i�r'•ao/S
Number of Pages: _... Signer(s) Other Than Named Above:
Capacity(iaSf Claimed by Signers)'
Signer's Name: _ ,a)_
Corporate Officer — Title(s):ayu�u�r�_. _
Partner — Limited General
Individual Attorney in Fact
Trustee Guardian or Conservator
Other:
Signer Is Representing:
Signer's Name: _
Corporate Officer — Title(s):
Partner — Limited General
Individual Attorney in Fact
Trustee Guardian or Conservator
Other:
Signer Is Representing:
02014 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached and not the truthfulness, accuracy, or validity of that document.
State of California
County of Orange / )
On l J before me, V. Copeland Notary Public,
personally appeared
Stephanie Hoang
Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s-) is/are subscribed to the
within instrument and acknowledged to me that he/she/they- executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signaturc(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
V. COPELAfi
ND
Commission # 2046542
< =: Notary Public - California i
30
i Orange County
My Comm. Expires Oct 24, 2017
Place Notary Seal Above
I certify umder PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS-rrf-Rand and official seal.
Signature: t%
OP77ONA/_
Though the inforniation below is not required by law. it may prove valuable to persons relying on the document
and could present fraudulent and reattachment of this form to another document.
Description of Attached Document
Type or Title of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Stephanie Hoang
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
® Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Number of Pages:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
❑ Individual
❑ Corporate Officer — Title(s):
❑ Partner: ❑Limited ❑ General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing: Signer Is Representing:
Rev. 1-15
Pon a: 510006
�nY eTec Insurance Company
LIMITED POWER OF ATTORNEY
Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents
make, constitute and appoint
Eric Lowey, Mark Richardson, Stephanie Hoang, Shawn Blume
its true and lawful Attomey-in-fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and.duly attested by its Secretary, hereby ratifying and confirming all that the said Attomey-in-Fact may do in the
premises. Said appointment shall continue in force until 10/31/2015 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 2e of April,
1999)
In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21st day of March, A.D. 2013.
SUFAN ,
SURETEC INSURANCE COMPANY
tuU! X q 't0 By:
sl w 5 % John of Jr: resident
Suite % Te%as ss: 7� ,'.r
CCU -It) of Hs:ris �' .
On dris ilst dap of Marcb, A.D. 2013 before me personally came John Knox Jr., to me known, who, being by me duly sworn, did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument; that he knows the seal of said Company-, that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company-, and that he signed his name thereto by like order.
JACQUELYN MALDONADO
Notary Public
State of Texas
My Comm. Exp. 5/18/2017 JacqXiellyn Maldonado, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect. I , rLAM_ n�,
Given under my hand and the seal of said Company at Houston, Texas this l •r t\ day of _ v 4'� , A.D.
. Bredt Beaty, Assistant Secretary
Any Instrument issued in excess of the penalty stated above is totally void and without any validity.
For verification of the authority of this power you may call (713) 812-0800 any business day between 8:00 am and 5:00 pm CST.