HomeMy WebLinkAboutPP 07-15 - Release Scrty - Segovia of Palm Desert, LLC CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
REQUEST: Release Performance Security for Segovia of Palm Desert, LLC (PP
07-15)
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
APPLICANT: Segovia of Palm Desert, LLC
220 Concourse Blvd.
Santa Rosa, CA 95403
Bond Number: 105177922
Travelers Casualty and Security Company of America
Century Square, Suite 1650
1501 Fourth Avenue
Seattle, Washington 98101
DATE: August 27, 2009
CONTENTS: Performance Bond
Labor& Materials Bond
Vicinity Map
Recommendation:
By Minute Motion, release perFormance security for Segovia of Palm
Desert, LLC (PP 07-15).
Discussion:
In 2008 Segovia of Palm Desert, LLC submitted performance security in the total
amount of $151,268 for rough grading of a senior living facility located at the corner of
Monterey Avenue and Country Club Drive. Rough grading is now complete, and staff
has inspected the rough grading and found it to be acceptable. We are waiving the one-
year maintenance bond because Public Works is holding a performance bond for
precise grading and off-site improvements to be constructed.
Staff Report
Release Performance Security for Segovia of Palm Desert, LLC (PP 07-15)
Page 2 of 2
August 27, 2009
Therefore, staff recommends that Council authorize the City Clerk to release the
performance security for Segovia of Palm Desert, LLC (PP 07-15) in the total amount of
$151,268.
Submitted By: Departmen H d:
1 �{��{./
T�/ \
�
Christina Canales Mark Gree wood, P.E.
Assistant Engineer Director of Public Works
Approval:
�v- - �
Paul S. Gibson J n M. Wohlmuth
Finance Director ity Manager
CiTY COU�VCILACTION
AP['ROVED ✓ n��'��D
RrCi;IVED O'THI;l2 �
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Original on File with City Clcrk s Uftice
� - 1 -
CITY DF PALM DESERT
STANDARDFORM
FAITHFUL PERFORMANCE BOND
NAME OF DEVELOPMENT: Segovia
NAME OF DEVELOPER: segovia of Palm Deseze LLC
NAME OF SURETY: Travelers Casualty and Surety Comp�ny of America
EFFECTIVE DATE: actober 22, 2008
AMOUNT OF BOND: �1oo,s�5.ao
BOND NUMBER: 1fl5177922
PREMIUM: �2,52i.00
KN�W ALL MEN BY THESE PRESENTS: That the person, firm,
corporation, entity, or otherwise, nam�d on Line 2 above, without regard to
gender and number, hereinafter referred �o as PRINCIPAL, and the corporation
named on Line 3 above, a corporation authorized to do business in the State of
Califarnia and present[y 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 severafly held and
firmly bound unto the City of Palm Deser�, a municipaf corporation of the Stafie of
California, hereinafter referred to as CfTY, in the sum mentioned on Line 5
above, for the faithfuf performance of that certain IMPROVEMENT AGREEMENT
between PRINC[PAL and C1TY regarding the subdivision named on Line 1
abave, as required by the provisions of the Subdivision Map Act and CiTY
ordin�ncss, resolutions, rules, and regulations, far the payment af which sums
' -2 -
welf 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 CONDITl4N of the foregoing obEigation is such that if the said
PRINCIPAL shall faithfully pertorm the covenants, condition�, and agreements
contained in that cerkain IMPROVEMENT AGREEMENT between PRINCIPAL
and CITY regarding the development r�amed on Line 1 of Page 1 hereaf, which
said agreement is by this reference incarporated herein, on its part to be kept
and performed, in a manner and form therein specified, and shall furnish material
in campliance with the specifications and perForm a[I that certain work and
improvement in said CITY which is more particularly described in said
IMPROVEMENT AGREEMENT, then the abligation with respect to the faithful
performance of said IMPROVEMENT AGREEMENT shall be voicE, otherwise ta
remain in full force and effect.
The said SURETY, for value received, hereby stipulates and agrees that
no change, extension of time, a[teration or addition to the terms of the
IMPROVEMENT AGREEMENT or to the work to be perFormed thefeunder or the
specifications accompanying the same shali in anywise affect i#s obligations an
this bond, and it does hereby waive notice of any such change, extension of time,
alteration or addition to the terms of the 1MPROVEMENT AGREEMENT, the
work, the specificatians or any feature or item of performance thereunder. In the
event it becomes necessary for CITY to bring an action to enforce this bond,
' - 3 -
SURETY shali pay CITY'S reasonable attorney's fees and court costs in
connection therew'sth.
1N WITNESS WHEREOF, PRINCIPAL and SURETY have executed this
insfrument on the date mentioned an Line 4 of Page '( hereof.
/
PRINCIPAL Segovia f Palm Aesert LLC
�� `'" `rt' �f' C.7 G//u �r�
PRINCIPAL
Travelers Casualty and Surety Company of America
SURETY
{�l •� � , �-�'�t���-�
SURET Attorney-in-Fact
(Notarial acknowledgment of execution by ALL PRINCIPALS and SURETY must
be attached.)
ACKNOWLEDGMEfVT BY SURETY
STATE 4F Washington
ss.
County of Pierce
On this 22nd day of October , /Z008 ,before me personalfy
appeared A. Noreen Jacobsen ,known to,me to be the Attorney-in-Fact of
Travelers Casualty and Surety Company of America
,the corporation
that executed the within instrument,and acknow[edged to me that such corporation executed the same.
1N WIT'NESS WHEREOF,I have hereunto set my hand and affixed my official sea[,at my office in the aforesaid County,the day and
year in this certificate first above written.
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' "s� � Nota lic in the State of ashington
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• WARNING:THIS POWER OFATTORNEY[S INVAIID WITHOUTTME RED BORDER
•r` POWER OF ATTORNEY
TRAVELER5.1 Farmington CasuaEty Company v St.Paul Guardian Insarance Compam�
Fidetity and Gaaranty Insurance Company St.Pau!�7ercury Tnsurance Company
Fidefity and Guar3nty Insurance Underwriters,Inc. T�avelers Casuatty and Surety Company
Seaboard Surefy Company 1Yave[ers Casualty and Surety Company of America
St.Paul Fire and Nlarine Insurance Company United States Fidelity and GuaranEy Company
Attorrtey-Tn Fact No. 220481 Certiticate No. ����� ` "�O
T{NOW ALL 1bIEN BY THESE PRESENTS:Tha[Seaboard Surery Company is a corporation duly organized under the laws of the State of I�'ew York,that 5t.Paul
Pire and Marine Insurance Company,St.Paul Guardian Insurance Company and St.Paul Mercury[nsurance Company are corporations duly organized under the laws
of the State of Minnesota,that Fannin�ton Casualty Comp�u,y,Tnvelers Casualry and Surety Company,and Travelers CasualEy and Surety Company of America are
corporations duly organized under the laws of the State of Connecticut,that United States Fideliry and Guaranty Co�1pa�y is a corporation duly or�anized under the
laws of the State of Maryland,that Fidelity and Guaranty[nsu�•ance Company is a carporation dufy organized under tric laws of the State of Iowa,and that Pidelity and
Guaranry Insurance Undenvritets,Inc.is a corporation duly orbanized under the laws of the State of Wisconsin(herein collectively called the"Companies"),and that
tfie Companies do hereby make,constitnte and appoint
Eric Zimmerman,Karen Swanson,Brent E.Heilesen,Anne E.Strieby,James B,Binder,Peter J.Comfort,Jennifer L.Snyder,Lisa Kerstetter,Julie R.
McGee,Peggy A.Firth,A.Nareen Jacobsen,Tamarie Ellingsen,S#eve Marinkovich,and Angela Singleton
of the City of TaComa ,State of Washillgt011 ,their true and lawful Attorney(s)-in-Fact,
each in their separate capacity if more than one is named above,to sign,execute,seai and acknowledge any and all bonds,recognizances,conditional undertakings and
other writings obfegatory in the nature thereof on behalf of the Companies in theit b¢siness ot,guaranteeing ti�e fideliry of persons,guaranteeinp the perFormance of
contracts and executing or guaranteeing bonds and uncterfakinps reGuired or permitFed'in any'actions or proceedin;s allowed by law.
` 29th
IN WITN�S yVm�eEOF,the Comp��i��have caused this instrument to he signed and their corporate seals to be hereto affixed,this
pie
day of ,
Farmington Casualty Conipany ; St.Paul Guardian Insurance Company
Eidelity a��d Guacanty Insurance Company`., ' St.Paul Nlercury Insurance Company
Fidelity and Gaaranty InsarAnce Underwrifers,Inc. 'IYavelers Casuulfy and Surety Company
Seaboard Surety Cotnpany Travelers Casualty and Surety Companv of America
St.Paul Fire and Marine Insurance Company UniEed States Fidelity and Guaranty Company
GASUq� �SY 5�ry F�ac 6 �N i S //t+����„ �sr axo up 1Y
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A£N �S.AN !y'-«.:�ria 6t F� � �J Ali��
State of Connecticut By:
City o1'Haitford ss. Gcorg V 'fhompson, enior ice Presideni
29th Sepiember 2008
On this the day of ,before me personaily appeared George W.Tliompson,wlio acknowledged himself
to be the Senior Vice President o1'Fannington Casualty Cornpany, Fidelity a❑d Guaranty lnsurance Company, Fidelity and Guaranry Insurance Undenvriters,]nc.,
Seaboard Surery Company, St. Paul Fire and Marine Insurance Company, 5t. Pau] Guardinn Insurance Company. St. Paul Mercury Insurance Company,Travelers
Casualty and Surery Company,Travelers C�sualry and Surery Company of America,aizd United States Fidelity and Guaranry Company,and that he,as such, being
authorized so to do,executed the foregoing instrument for the purposes therein contained by signing on behalf of tlie corporations by liimse[f as a duly authorized officer.
G•Y�'
In Witness Whereot',I hereunto set my hand and official seal. ���1� �W K/" � • �.!
My Commission expires the 30th day of June,20>>. n p�t,4 ik biaric C.Tctreault.No�ary Pu61ic
,� �s �
58440-5-07 Printed in U.S.A. �
CALIFORN[A A�L-PURPOSE ACKNOWLEDGMENT
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State ofi California
County of �'1--G�
p� ��f d3, o7ad� before me, �'1 � � � �`�,
�ate Here Insert Name and Title oi the Otticer
personaliy appeared Ui/i /�%/'��-- � /.���Slgner� J _
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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(i�}, and thaf by his/her/their signature(s) on the
instrument the person(�}, or the entity upon behalf af
which#he person(� acted, executed the instrument.
RAIiCY�.NALL �
o CQMM. �161468t A 1 certify under PENALTY OF PERJURY under the laws
� Notar�Pu61ic-California o
� -- Sonoma Camty , of the State of California that the#oregoing paragraph is
Cw�.Ex ires Oct.t6,2009,�,� true and correct.
WITNESS my han and off' ial seaE.
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Signature
Place Nofary Seal Above gnature of Notary Pu61ic
OPTIONAL
Though the information below is not required by law,it may prove valuable to persons relying on the document
and could prevent fraudulent remova!and reattachment of thrs form to another document.
Description of Attached �ocument
Title orType of Documen�.� d�"i`'�/x4��t--✓7�y�C�D✓�x.. �'".ri�Y�'�������5`�'►"sae�G.aL��Gx•C
Document Date: �G�� �-2, ���� ____Number of Pages: *�
Signer(s)Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
O Individual O Individual
❑ Carporate Officer—Title(s): O Corporate Officer--Title{s):
O Partner—� l.imited ❑General ❑Partner—❑ Limited L�Genera[
❑ Attorney in Fact � �' ❑Attorney in Fact • • �"
❑ TI'UStB@ Top of thumb here �TfUSt2e jop of thumb here
❑ Guardian or Conservator ❑Guardian or Conservator
❑ Other: ❑Other:
Signer Is Representing: Signer Is Representing:
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� - 1 -
CITY OF PALM DESERT
STANDARDFORM
PAYMENT BON�
(LABOR & MATERIALS)
NAME OF PROJECT: Segovia
NAME OF DEVELOPER: Segovia of Palm aesert LLC �
NAME OF SURETY: Travelers Casua].ty and Surety Company of America
EFFECTIVE DATE: Qctober 22, 2008 �
AMOUNT OF BOND: �5a,�2s.oa
BOND NUMBER: 1OS177923
PREMlUM: �i,2�1.ao
KNOW ALL MEN BY THESE PRESENTS: That the person, firm,
corp�ratian, entity, or otherwise, named on Line 2 of Page 9 hereof without
regard to gender and number, hereinafter ref�rred to as PRINCIPAL; and the
corporation named on Line 3 of Page 1 hereof, a corporatian authorized ta do
business in the S�ate of California and presently possess�d of authority under
Title 6 of the United States Code to do business under Section 6 ta 13 thereof in
the aggrega#e amounts hereof, hereinafter referred to as SURETY; are jointly
and severely held and firmly baund unto and all materialmen, persons,
companies or corporations furnishing materials, provisions, provender or other
supplies used, in, upon, for or about the performance ot the work contracted to
be executed or performed under. the terms of that certain IMPROVEMENT
AGREEMENT hereinafter mentioned and all persons, companies or corporations
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• -2-
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 a!I
persons who supply bath 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 PRINCjPAL and SURETY
bind themselves, their heirs, administratars, successors and assigns, jointly and
severafly, firmly by these presents.
THE CONDITION O� THE OBLIGATION is such that whereas the abave-
bounden PRINCIPAL has entered into an IMPROVEMENT AGREEMENT with
the City of Palm Desert, a municipal corporation of the State of California,
hereinafter referred to as CITY, for the construction af public improvements in the
project named on Line 1 of Page 1 hereof, which said IMPROVEMENT
AGREEMENT is by�his reference incarporated herein:
N�W, THEREFORE, if the above-bouncten PRINCfPAL, contractor,
person, company or corporation, ar his or its subcontractor, or subcantractars,
fails ta pay for any materials, provisions, provender, or the suppfies, ar teams
used in, upon, for, or about the performance of the wark cantracted to be done,
or for any work o� 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
C:1Documents and SettingslanjlLocal SettingslTemporary Intemet Files\Content.0utlookl3WRBTEPRI[.abor Materials$ond
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�� - 3 -
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 all
applicable CfTY ordinances, resoiutions, rules and regulations supplemental
thereto; and all amendments thereto; and shall inure to the benefiit af any and all
materialmen, persons, companies or carporations entitled to file claims under
and by virEue of the provisions thereof.
IN WITNESS WHEREOF, PRINCIPAL AND SURETY have executed this
instru ent the date mentioned on Line 4 of Page 1 hereof.
PR1NC1 AL Segoeia of Palrn Desert T LC
� /
��1 ,�vy f� �� / ��.,r
PRINCIPAL
Travelers Casualty and 5urety Company of America
SURETY
i
.� 7 �.t?��1--
SURETIr Attorney-' - act
(Notarial acknawledgement of execution by ALL PRINCIPALS and SURETY
must be attached.)
APPROVED AS TO F4RM:
DAV1D J. ERWIN, CITY ATTORNEY
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ACKNOWLEDGMENT SY SURETY
STATE OF Washington
ss.
County of Pierce
On this 22nd day of OCtober , f2008 ,before me personally
appeared A. Noreen Jacobsen ,known to,me to be the Attorney-in-Fact of
Travelers Casualty and Surery Company of America
,the corporation
that executed the within instrument,and acknowledged to me that such corporatian executed the sar►�e.
IN WITNESS WHEREOF,I have hereunto set my hand and affixed my official seal,at my office in the aforesaid Gounty,the day and
year in this certi�cate first above written.
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CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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OnQG1� 07� o2U4�' before me, � � � D � ,
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�ate Here Insert Name nd die af the Officer
personally appeared / � ��t f-jn- � L�`-�.��G��
Name(s)of Signer(s) � •
who proved to me an the basis of satisfactory evidence to
�e the person{� whose name(s) is/are subscribed to the
wifhin instrument and acknowledged to me that
�/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature{sa on the
insirument the person(�s), ar the entity upon behalf of
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which the person�s) acted, executed the instrument.
NANCY l.HAl! �
COMM. #16t468� z I certify under P�NAL7Y OF PERJURY under the laws
�° Natary Public-Califoraia o pf the State of California that the fore ain ara ra h is
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(k�u�.Ex ires Od.t8,2009� true and correct.
WlTNESS my han nd o 'cial seal.
Signature
Ptace Notary Seal Above ' nature of Notary Public
OPTIONAL
Though the information below is not required by Jaw,it mey prove valuable to persons reJying on ihe document
and could prevent fraudulent remova!and reattachment of this form to another document.
�escription of Attached Document
Title orType of Document:(.����irt�r"i�7�.Gt�'c��.n- �4��s�s��'�K/��v�''`�u'�'�%
Dacument Date: �C_,� a/ 0�1. o�d0� Number of Pages: �
Signer(s) Other 7han Named Above:
Capacity{ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
O Individual � lndividual
O Corporate Officer—Title(s): �Corporate Officer—Title(s):
❑ Partner—❑ Limited � General ❑Partner—C7 Limited ❑General
❑ Attorney in Fact . • ' O Attorney in Fact � '
❑ Trustee Top of thumb here �Trustee Top of thumb here
❑ Guardian or Conservator ❑Guardian or Conservator
0 Other: �Other:
Signer ls Representing: Signer Is Representing:
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WARNING:THIS POWER OF ATTORNEY IS INVALID W17HOUT THE RED eOR�ER
POWER OF ATTORNEY
TRAVELERS.! Farmington Casualty Company St.Paul Gaardian Insurance Company
Fidelity and Guaranty Insurance Compan}� St.Paul Mercury Insuronce Company
r9delity and Guaranfy Insarance Underwriters,Inc. 'fravelers Casualty and Surety Company
Seabaard Surety Company TYavelers Casualty and Surety Company of America
St.Paul Fire and i�Iarine Insurance Company United States Fidelity and Guaranty Company
Attorney-In Fact No. 22�48� Certi6cate No.0<%r�`j t �=�y
KYOW ALI.,ME►V BY THESB PRESENTS:That Seaboard Surety Company is a corporation duly organized under the laws of the State oF New York,tha[St.Paul
Fire and Marine Insurance Company,St.Pau!Guardian Insurance Co�npany and St.Paul Mercury Insurance Compnny are corporations duly or�anized under the Iaws
of the State of Minnesota,tliat Farmington Casualty Company,Travelers Casualty and 5urety Company,and Travelers Casualty and Surety Company of America are
corporations duly organized under the laws of U�e State of Connecticut,that United Stutes Fidelicy and Guaranty Co��pany is a eorporation duly organi2ed under the
laws of the Sta[e of Maryland,tBat Fidelity and Guaranry Insurance Company is a corporation duly organized under tlie laws of the State of Iowa,and that Fideliry and
Guaranty Insurance Underwriters,Inc.is a corporation duly organized under the laws of the 3tate of Wiseonsin(herein eolleetively called the"Companies"),und that
the Companies do hereby make,constitute and appoini
Eric Zimmerman,Karen Swanson,Brent E.Heilesen,Anne E.Strieby,James B.Binder,PeterJ.Comfort,Jennifer L.Snyder,Lisa Kerstetter,Julie R.
McGee,Peggy A.Firth,A.Noreen Jacobsen,Tamarie Ellingsen,Steve Marinkovich,and Angela Singleton
of the City of TaCOtTta ,State of W�iSllitteton ,their true and lawful Attomey(s)-in-Fact,
each in their separate capacify if more than one is nameJ above,to sign,execute,seal and acknowledoe any and all bonds,reco�itizances,conditional�ndertakinos and
other writings obligatory in the nature thereof on behalf of the Companies in their business of auaranteeing the fidelity of persons,guaranteeino die perPormance of
contracts and executing or guaranteeino bonds and undertakings required or permitfed in anyactions or proceedings aflowed by law.
IN WITNE5S WHEREOF,the Companies have caused this instruinent•to be signed und their corporate seals[o be hereto affixed,this 29th
day of September 2008
Farmington Cusualty Compapy , St.Paul Guardian Insurunce Company
Fidelity and Guaranty Insurance Gompany-,:.: Sf.Paul Mercury Insarance Companv
Fidelity and Guaranty Insurance'Underwrifers,lnc. Travelers Casualty and 5urety Company
3eaboard Surety Company Travelers Casualty and Surety Company aCAnterica
St.Paul Fire and Marine Insurance Comryany IInited States I'idelity and Guaraoty Compan}•
�,.s�, �+n su�r,. FIRE 6 �µ �N: �,�s�'w.,� .�*r.wa �, �zr
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State of Connecticut By:
City of Hartford ss. Georg Thompson, enior ice Presidem
On this the 29th day of September 2fl�8,beFore me personally appeared George W.Thompson,who lcknowled;ed I�imself
to be the Senior Vice President of Farmington Casualiy Company, F'idelity and Guaranty Insurance Company,�idelity and Guaranry I3isunnce Undenvriters,Inc.,
Seaboard Surety Company,5t. Paul Fire and Marine Insurance Company,St. Paul Guardian Insuranee Company, 3t.Paul Mercury Insurance Company,Travelers
Casualty and S�rety Company,Travelers Casuatry and Surery Co�npany of America,and United States Fidelity and Guaranty Coinpany,and that he,as such,bein�
authorized so to do,executed the foreaoing instrument for the purposes therein contained by signing on behaff of the corporations by himse3f�s n duly authorized oFficer.
�G.TET�
In Witness Wliereof,I hereunto set my hand and offcial seal. �A �W�/" � ' �
My Commission expires the 30th day oF June,20l(. �/D���G * Marie C,TevcaulL No�ary Public
�'N C�'�� .
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58440-5-07 Printed in U.S.A_
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