*REVISED ORIGINAL
*EFFECTIVE DATE: JANUARY 22, 2025*
BOND NO.PB03010409024-M
PREMIUM INCLUDED IN PERFORMANCE BOND
GUARANTEE AND WARRANTY BOND
WHEREAS, OLSON URBAN-HUNTINGTON BEACH 4, LLC _ as
a Principal, and_PHILADELPHIA INDEMNITY INSURANCE COMPANY _ a corporation organized under the laws of the State of PENNSYLVANIA and duly authorized to do business in the State of California, as Surety, are held and firmly bound unto the City of Huntington Beach, California, as Obligee, in the penal sum of FORTY TWO THOUSAND FOUR HUNDRED FORTY SEVEN AND NO/100 ($42,447.00) DOLLARS, representing 10 percent of the contract price entered into between the Principal and Obligee, to which payment well and truly to be made we do bind ourselves, and each of our heirs, executors, administrators, successors and assigns jointly and severally.
WHEREAS, the said Principal entered into a contract with said Obligee, dated DECEMBER 20, 2022 _for work described as follows:
TRACT MAP NO.: 19157/TALBERT
WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee and warrant for the period of one year after completion of the work and acceptance thereof by the Obligee, against all defects in workmanship and materials during said one-year period.
WHEREAS, said work has been completed, and accepted by Obligee on NOW, THEREFORE, the Principal and Surety, jointly and severally shall indemnify the Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship, which become apparent during the period of one year from and after date of completion of work and acceptance thereof by Obligee.
In witness whereof, this instrument has been duly executed by the principal and surety above named, on JANUARY 24TH __ 20_25
OLSON URBAN-HUNTINGTON BEACH 4, LLC, as Principal
By. ***SEE ATTACHED SIGNATURE PAGE***
PHILADEUPHIA INDEMNITY INSURANSE COMPANY, AS SURETY
BY ARE HONEY FACT
THE Signature Block -
Olson Urban V - HUNTINGTON BEACH 4, LLC
OFFICIAL SIGNATURE BLOCK FORMAT:
LSON URBAN V - HUNTINGTON BEACH 4, LL
I Delaware limited liability compan
By: OLSON URBAN COMMUNITIES V, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN VENTURES V, LLC
a Delaware limited liability company
Sole Member
By: OLSON URBAN HOUSING, LLC
a Delaware limited liability company
Operating Member
By: IN TOWN LIVING, INC.
a Delaware corporation
Managing Member
By:
Name: Willian to ford
Title: Viesient
By: Mh MEn
тке мовме
Title: vil -Pesident
APPROVED AS TO FORM
By: Pe bon
-
fur MICHAEL J. VIGLIOTTA
CITY ATTORNEY
CITY OF HUNTINGTON BEACH
Q:Corporate|Legal Entities|Huntington Beach 4lFormation Documents ExCyl1 - Signature Block Olson Urban V (with OUC V) - Huntington Beach 4 DRAFT.docx
CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189
88888888883988080888898888088888983808388858388838883808888888380888088888383808388888088880808680808880808088808888888:8:8388808888808888080808388808888889 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 LOS ANGELES
JAN 2 2 2025
On before me, _ EDWARD C. SPECTOR, NOTARY PUBLIC
Date Here Insert Name and Title of the Officer
personally appeared SARAH CAMPBELL
Name(s) of Signers)
who proved to me on the basis of satisfactory evidence to be the person whose name(x) is/ax subscribed to the within instrument and acknowledged to me that X#she/Nex executed the same in Xx/her/*ex authorized capacity(ex), and that by Xx/her/*** signature(x) on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
EDWARD C. SPECTOR paragraph is true and correct.
Notary Public - California
Los Angeles County WITNESS my hand and official seal.
Commission / 2447241
My Comm. Expires May 16, 2027
TETECT
Signature
Place Notary Seal and/or Stamp Above Signature
- 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:
Document Date: Number of Pages: _
Signers) Other Than Named Above:
Capacity(ies) Claimed by Signers)
Signer's Name: Signer's Name:
• Corporate Officer - Title(s): • Corporate Officer - Title(s):
• Partner - • Limited • General • Partner - • Limited • General • Individual x Attorney in Fact • Individual • Attorney in Fact • Trustee • Guardian or Conservator • Trustee • Guardian or Conservator • Other: • Other:
Signer is Representing: Signer is Representing:
9858588585 8408083880683889588889895839688988886 38808088808988838388848888838:8888888838083898883888388888888838488888883888388888888888988838 ©2019 National Notary Association
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 ofOrange
On January 23, 2025 _before me, _ Valerie Weisel, Notary Public Date Here Insert Name and Title of the Officer
personally appeared William Holford and Mille McBride
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 signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) 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.
VALERIE WEISEL
Notary Public • California WITNESS my hand and official seal.
Orange County
Commission # 2362267
My Comm. Expires Jun 23, 2025 Valeie Weisel
Signature
Signature of Notary Public
Place Notary Seal Above
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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:
Document Date: _ Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
• Corporate Officer - Title(s): • Corporate Officer - Title(s):
• Partner - • Limited • General • Partner - • Limited • General • Individual • Attorney in Fact •Individual • Attorney in Fact • Trustee • Guardian or Conservator • Trustee • Guardian or Conservator • Other: • Other:
Signer Is Representing: Signer Is Representing: _
©2016 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907
PHILADELPHIA INDEMNITY INSURANCE COMPANY
One Bala Plaza, Suite 100
Bala Cynwyd, PA 19004-0950
Power of Attorney
KNOW ALL PERSONS BY THESE PRESENTS: That PHILADELPHIA INDEMNITY INSURANCE COMPANY (the Company), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint Jennifer Ochs, Charles R. Teter III, B. Aleman, Erin Brown, D.
This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of PHILADELPHIA INDEMNITY INSURANCE COMPANY on the 14 of November 2016 RESOLVED: That the Board of Directors hereby authorizes the President or any Vice President of the Company: (I) Appoint Attorney(s) in Fact and authorize the Altomeys) in Fact to execute on behalf of the Company bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and to attach the seal of the Company thereto; and (2) to remove, at any time, any such Attorney-in-Fact and revoke the authority given. And. be it
FURTHER
RESOLVED: hat the signatures of such officers and the seal of the Company may be affixed to al ich Power of Attorney or certificate relating thereto by facsimile, and any such Power, And my so cypouted nomenai ed by actini signatures and acid or shall natio which it is attached
IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS CORPORATE SEALTO BE AFFIXED BY ITS AUTHORIZED OFFICE THIS STH DAY OF OCTOBER 2024 1927
(Seal)
ohh Glomb. President & CEC
Philadelphia Indemnity Insurance Company
In this 5" day of October, 2024 before me came the individual who executed the preceding instrument, to me personally known, and being by me duly swor said tha le is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSURANCE COMPANY; that the seal affixed to said instrument is th Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed.
Notary Public:
Commonwealth of Pennsyivania - Notary Seal Vanessa Mckensee Vanessa Mckenzie. Notary Public
Delaware County
My commission expires November 3, 2028
Commission number 1366394
Member Pars yasa Associaton of Notaries
residing at: Linwood, PA
My commission expires: November 3, 2028
1, Edward Sayago, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certify that the foregoing resolution of the Board of Directors and the Power of Attomey issued pursuant thereto on the 5" day October 2024 are true and correct and are still in full force and effect. I do further certify that ohn Glomb, who executed the Power of Attorey as President, was on the date of execution of the attached Power of Attorney the duly elected President o
HILADELPHIA INDEMNITY INSURANCE COMPAN
In Testimony Whereof I have subscribed my name and affixed the facsimile seal of each Company this _ 24TH day of_JANUARY 2025 1927 Edward Sayago, Corporate Secretary
PHILADELPHIA INDEMNITY INSURANCE COMPANY