Agenda — Indio City Council, August 16, 2023 (part 2 of 8)

AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 113 of 959 Holdings Report
City of Indio - Consolidated Bond Proceeds - Account #10978 CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
9128285J5 US Treasury Note

3.000% Due 10/31/2025
250,000.00 08/18/2022

3.23%
248,281.25
248,281.25

96.18 4.75%
240,449.25
1,263.59

0.27%
(7,832.00)
Aaa / AA+
AAA

2.34 2.21
TOTAL US Treasury 60,850,000.00 3.26%
60,101,000.01
60,101,000.01 5.32%
59,455,332.15
378,841.51

66.90%
(645,667.86)
Aaa / AA+
AAA

0.83 0.79
TOTAL PORTFOLIO 90,568,026.35 3.61%
89,798,458.36
89,798,458.36 5.18%
89,023,048.50
414,783.87
100.00%
(775,409.86)
Aaa / AA+
AAA

0.63 0.60
TOTAL MARKET VALUE PLUS ACCRUALS 89,437,832.37
As of June 30, 2023
52

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 114 of 959 SECTION |
Section 5 |
Transactions
53

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 115 of 959 Transaction Ledger
City of Indio - Account #10043
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/13/2023 3137F4D41 1,000,000.00 FHLMC K074 A2

3.6% Due: 01/25/2028

98.145 4.44% 981,445.31 1,200.00 982,645.31 0.00
Purchase 04/18/2023 3137FBU79 1,465,000.00 FHLMC K069 A2

3.187% Due: 09/25/2027

96.406 4.47% 1,412,351.56 2,204.78 1,414,556.34 0.00
Purchase 05/02/2023 880591EZ1 1,300,000.00 Tennessee Valley Authority Note

3.875% Due: 03/15/2028
100.301 3.81% 1,303,913.00 4,477.78 1,308,390.78 0.00
Purchase 05/08/2023 91282CHA2 1,000,000.00 US Treasury Note

3.5% Due: 04/30/2028
100.348 3.42% 1,003,476.56 760.87 1,004,237.43 0.00
Purchase 05/31/2023 91282CHA2 550,000.00 US Treasury Note

3.5% Due: 04/30/2028

98.199 3.91% 540,095.70 1,621.60 541,717.30 0.00
Purchase 06/08/2023 3133EPME2 1,000,000.00 FFCB Note

3.875% Due: 06/08/2028

99.604 3.96% 996,040.00 0.00 996,040.00 0.00
Purchase 06/20/2023 91282CHE4 2,000,000.00 US Treasury Note

3.625% Due: 05/31/2028

98.348 4.00% 1,966,953.13 3,961.75 1,970,914.88 0.00
Purchase 06/30/2023 74340XCG4 675,000.00 Prologis LP Callable Note Cont 5/15/2028

4.875% Due: 06/15/2028

99.403 5.01% 670,970.25 182.81 671,153.06 0.00
Subtotal 8,990,000.00 8,875,245.51 14,409.59 8,889,655.10 0.00 TOTAL ACQUISITIONS 8,990,000.00 8,875,245.51 14,409.59 8,889,655.10 0.00

DISPOSITIONS
Sale 04/11/2023 3135G06H1 300,000.00 FNMA Note

0.25% Due: 11/27/2023

97.105 4.99% 291,315.00 279.17 291,594.17 -8,343.00
Sale 04/11/2023 912828B66 30,000.00 US Treasury Note

2.75% Due: 02/15/2024

98.371 4.73% 29,511.33 125.35 29,636.68 -1,413.60
Sale 04/14/2023 3130ASHK8 1,450,000.00 FHLB Note

3.125% Due: 06/14/2024

98.337 4.60% 1,425,886.50 15,104.17 1,440,990.67 -15,123.50 Sale 05/02/2023 3130ASHK8 550,000.00 FHLB Note

3.125% Due: 06/14/2024

98.202 4.79% 540,112.65 6,588.54 546,701.19 -6,477.35
March 31, 2023 through June 30, 2023
As of June 30, 2023
54

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 116 of 959 Transaction Ledger
City of Indio - Account #10043
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Sale 05/08/2023 3130A0XE5 1,000,000.00 FHLB Note

3.25% Due: 03/08/2024

98.684 4.88% 986,840.00 5,416.67 992,256.67 -19,434.00
Sale 05/08/2023 912828B66 10,000.00 US Treasury Note

2.75% Due: 02/15/2024

98.430 4.84% 9,842.97 62.29 9,905.26 -465.34
Sale 06/08/2023 3130A0XE5 1,000,000.00 FHLB Note

3.25% Due: 03/08/2024

98.487 5.33% 984,870.00 8,125.00 992,995.00 -21,404.00
Sale 06/16/2023 3130AB3H7 800,000.00 FHLB Note

2.375% Due: 03/08/2024

97.856 5.41% 782,848.00 5,172.22 788,020.22 -28,644.00
Sale 06/16/2023 912828X70 700,000.00 US Treasury Note 2% Due: 04/30/2024

97.199 5.33% 680,394.53 1,788.04 682,182.57 -22,066.41
Sale 06/16/2023 91282CBR1 200,000.00 US Treasury Note

0.25% Due: 03/15/2024

96.332 5.32% 192,664.06 126.36 192,790.42 -6,851.57
Sale 06/20/2023 3135G0V75 75,000.00 FNMA Note

1.75% Due: 07/02/2024

96.413 5.36% 72,309.75 612.50 72,922.25 -1,935.00
Subtotal 6,115,000.00 5,996,594.79 43,400.31 6,039,995.10 -132,157.77 TOTAL DISPOSITIONS 6,115,000.00 5,996,594.79 43,400.31 6,039,995.10 -132,157.77 March 31, 2023 through June 30, 2023
As of June 30, 2023
55

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 117 of 959 Transaction Ledger
City of Indio LAIF Account - Account #10067
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/15/2023 90LAIF$00 486,917.50 Local Agency Investment Fund State Pool 1.000 2.88% 486,917.50 0.00 486,917.50 0.00 Subtotal 486,917.50 486,917.50 0.00 486,917.50 0.00
Security
Contribution
06/27/2023 90LAIF$00 18,000,000.00 Local Agency Investment Fund State Pool 1.000 18,000,000.00 0.00 18,000,000.00 0.00 Subtotal 18,000,000.00 18,000,000.00 0.00 18,000,000.00 0.00 TOTAL ACQUISITIONS 18,486,917.50 18,486,917.50 0.00 18,486,917.50 0.00

DISPOSITIONS
Security
Withdrawal
04/21/2023 90LAIF$00 3,000,000.00 Local Agency Investment Fund State Pool 1.000 3,000,000.00 0.00 3,000,000.00 0.00 Subtotal 3,000,000.00 3,000,000.00 0.00 3,000,000.00 0.00 TOTAL DISPOSITIONS 3,000,000.00 3,000,000.00 0.00 3,000,000.00 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
56

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 118 of 959 Transaction Ledger
City of Indio - 2022 Lease Revenue Bonds City Hall - Account #10975 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/03/2023 31846V203 40,743.70 First American Govt Obligation Fund Class Y 1.000 4.32% 40,743.70 0.00 40,743.70 0.00 Purchase 04/30/2023 31846V203 5,000,000.00 First American Govt Obligation Fund Class Y 1.000 4.42% 5,000,000.00 0.00 5,000,000.00 0.00 Purchase 04/30/2023 31846V203 192,875.00 First American Govt Obligation Fund Class Y 1.000 4.42% 192,875.00 0.00 192,875.00 0.00 Purchase 05/01/2023 31846V203 60,080.06 First American Govt Obligation Fund Class Y 1.000 4.42% 60,080.06 0.00 60,080.06 0.00 Purchase 05/31/2023 31846V203 170,625.00 First American Govt Obligation Fund Class Y 1.000 4.66% 170,625.00 0.00 170,625.00 0.00 Purchase 05/31/2023 31846V203 4,300,000.00 First American Govt Obligation Fund Class Y 1.000 4.66% 4,300,000.00 0.00 4,300,000.00 0.00 Purchase 06/01/2023 31846V203 86,528.47 First American Govt Obligation Fund Class Y 1.000 4.66% 86,528.47 0.00 86,528.47 0.00 Purchase 06/14/2023 31846V203 78,125.00 First American Govt Obligation Fund Class Y 1.000 4.66% 78,125.00 0.00 78,125.00 0.00 Purchase 06/30/2023 31846V203 92,062.50 First American Govt Obligation Fund Class Y 1.000 4.70% 92,062.50 0.00 92,062.50 0.00 Purchase 06/30/2023 31846V203 3,600,000.00 First American Govt Obligation Fund Class Y 1.000 4.70% 3,600,000.00 0.00 3,600,000.00 0.00 Subtotal 13,621,039.73 13,621,039.73 0.00 13,621,039.73 0.00 TOTAL ACQUISITIONS 13,621,039.73 13,621,039.73 0.00 13,621,039.73 0.00

DISPOSITIONS
Maturity 04/30/2023 9128284L1 5,000,000.00 US Treasury Note

2.75% Due: 04/30/2023
100.000 5,000,000.00 0.00 5,000,000.00 11,914.06
March 31, 2023 through June 30, 2023
As of June 30, 2023
57

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 119 of 959 Transaction Ledger
City of Indio - 2022 Lease Revenue Bonds City Hall - Account #10975 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Maturity 05/31/2023 9128284S6 4,300,000.00 US Treasury Note

2.75% Due: 05/31/2023
100.000 4,300,000.00 0.00 4,300,000.00 12,429.69
Maturity 06/30/2023 9128284U1 3,600,000.00 US Treasury Note

2.625% Due: 06/30/2023
100.000 3,600,000.00 0.00 3,600,000.00 14,765.62
Subtotal 12,900,000.00 12,900,000.00 0.00 12,900,000.00 39,109.37 Security
Withdrawal
06/22/2023 31846V203 10,000,000.00 First American Govt Obligation Fund Class Y 1.000 10,000,000.00 0.00 10,000,000.00 0.00 Subtotal 10,000,000.00 10,000,000.00 0.00 10,000,000.00 0.00 TOTAL DISPOSITIONS 22,900,000.00 22,900,000.00 0.00 22,900,000.00 39,109.37 Other Transactions
Interest 04/30/2023 9128283D0 2,500,000.00 US Treasury Note

2.25% Due: 10/31/2024

0.000 28,125.00 0.00 28,125.00 0.00
Interest 04/30/2023 9128284L1 5,000,000.00 US Treasury Note

2.75% Due: 04/30/2023

0.000 68,750.00 0.00 68,750.00 0.00
Interest 04/30/2023 9128285K2 3,200,000.00 US Treasury Note

2.875% Due: 10/31/2023

0.000 46,000.00 0.00 46,000.00 0.00
Interest 04/30/2023 91282CEK3 4,000,000.00 US Treasury Note

2.5% Due: 04/30/2024

0.000 50,000.00 0.00 50,000.00 0.00
Interest 05/31/2023 9128283J7 1,500,000.00 US Treasury Note

2.125% Due: 11/30/2024

0.000 15,937.50 0.00 15,937.50 0.00
Interest 05/31/2023 9128284S6 4,300,000.00 US Treasury Note

2.75% Due: 05/31/2023

0.000 59,125.00 0.00 59,125.00 0.00
Interest 05/31/2023 9128285P1 2,300,000.00 US Treasury Note

2.875% Due: 11/30/2023

0.000 33,062.50 0.00 33,062.50 0.00
Interest 05/31/2023 91282CER8 5,000,000.00 US Treasury Note

2.5% Due: 05/31/2024

0.000 62,500.00 0.00 62,500.00 0.00
March 31, 2023 through June 30, 2023
As of June 30, 2023
58

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 120 of 959 Transaction Ledger
City of Indio - 2022 Lease Revenue Bonds City Hall - Account #10975 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Interest 06/14/2023 3130ASHK8 5,000,000.00 FHLB Note

3.125% Due: 06/14/2024

0.000 78,125.00 0.00 78,125.00 0.00
Interest 06/30/2023 9128283P3 1,300,000.00 US Treasury Note

2.25% Due: 12/31/2024

0.000 14,625.00 0.00 14,625.00 0.00
Interest 06/30/2023 9128284U1 3,600,000.00 US Treasury Note

2.625% Due: 06/30/2023

0.000 47,250.00 0.00 47,250.00 0.00
Interest 06/30/2023 9128285U0 2,300,000.00 US Treasury Note

2.625% Due: 12/31/2023

0.000 30,187.50 0.00 30,187.50 0.00
Subtotal 40,000,000.00 533,687.50 0.00 533,687.50 0.00
Dividend 04/03/2023 31846V203 16,634,297.73 First American Govt Obligation Fund Class Y 0.000 40,743.70 0.00 40,743.70 0.00 Dividend 05/01/2023 31846V203 21,867,916.43 First American Govt Obligation Fund Class Y 0.000 60,080.06 0.00 60,080.06 0.00 Dividend 06/01/2023 31846V203 26,398,621.49 First American Govt Obligation Fund Class Y 0.000 86,528.47 0.00 86,528.47 0.00 Subtotal 64,900,835.65 187,352.23 0.00 187,352.23 0.00
TOTAL Other Transactions 104,900,835.65 721,039.73 0.00 721,039.73 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
59

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 121 of 959 Transaction Ledger
City of Indio - Debt Service Reserve - Account #10976
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/03/2023 31846V203 4,778.16 First American Govt Obligation Fund Class Y 1.000 4.32% 4,778.16 0.00 4,778.16 0.00 Purchase 05/01/2023 31846V203 4,898.84 First American Govt Obligation Fund Class Y 1.000 4.42% 4,898.84 0.00 4,898.84 0.00 Purchase 06/01/2023 31846V203 5,349.42 First American Govt Obligation Fund Class Y 1.000 4.66% 5,349.42 0.00 5,349.42 0.00 Subtotal 15,026.42 15,026.42 0.00 15,026.42 0.00
TOTAL ACQUISITIONS 15,026.42 15,026.42 0.00 15,026.42 0.00 Other Transactions
Dividend 04/03/2023 31846V203 1,355,025.46 First American Govt Obligation Fund Class Y 0.000 4,778.16 0.00 4,778.16 0.00 Dividend 05/01/2023 31846V203 1,359,803.62 First American Govt Obligation Fund Class Y 0.000 4,898.84 0.00 4,898.84 0.00 Dividend 06/01/2023 31846V203 1,364,702.46 First American Govt Obligation Fund Class Y 0.000 5,349.42 0.00 5,349.42 0.00 Subtotal 4,079,531.54 15,026.42 0.00 15,026.42 0.00
TOTAL Other Transactions 4,079,531.54 15,026.42 0.00 15,026.42 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
60

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 122 of 959 Transaction Ledger
City of Indio - Capitalized Interest Fund - Account #10977 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/03/2023 31846V203 707.16 First American Govt Obligation Fund Class Y 1.000 4.32% 707.16 0.00 707.16 0.00 Purchase 04/30/2023 31846V203 1,500,000.00 First American Govt Obligation Fund Class Y 1.000 4.42% 1,500,000.00 0.00 1,500,000.00 0.00 Purchase 04/30/2023 31846V203 103,125.00 First American Govt Obligation Fund Class Y 1.000 4.42% 103,125.00 0.00 103,125.00 0.00 Purchase 05/01/2023 31846V203 725.07 First American Govt Obligation Fund Class Y 1.000 4.42% 725.07 0.00 725.07 0.00 Purchase 06/01/2023 31846V203 1,142.65 First American Govt Obligation Fund Class Y 1.000 4.66% 1,142.65 0.00 1,142.65 0.00 Subtotal 1,605,699.88 1,605,699.88 0.00 1,605,699.88 0.00 TOTAL ACQUISITIONS 1,605,699.88 1,605,699.88 0.00 1,605,699.88 0.00

DISPOSITIONS
Maturity 04/30/2023 9128284L1 1,500,000.00 US Treasury Note

2.75% Due: 04/30/2023
100.000 1,500,000.00 0.00 1,500,000.00 3,691.41
Subtotal 1,500,000.00 1,500,000.00 0.00 1,500,000.00 3,691.41 Security
Withdrawal
05/01/2023 31846V203 1,513,617.43 First American Govt Obligation Fund Class Y 1.000 1,513,617.43 0.00 1,513,617.43 0.00 Subtotal 1,513,617.43 1,513,617.43 0.00 1,513,617.43 0.00 TOTAL DISPOSITIONS 3,013,617.43 3,013,617.43 0.00 3,013,617.43 3,691.41 March 31, 2023 through June 30, 2023
As of June 30, 2023
61

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 123 of 959 Transaction Ledger
City of Indio - Capitalized Interest Fund - Account #10977 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Other Transactions
Interest 04/30/2023 9128283D0 1,500,000.00 US Treasury Note

2.25% Due: 10/31/2024

0.000 16,875.00 0.00 16,875.00 0.00
Interest 04/30/2023 9128284L1 1,500,000.00 US Treasury Note

2.75% Due: 04/30/2023

0.000 20,625.00 0.00 20,625.00 0.00
Interest 04/30/2023 9128284M9 1,500,000.00 US Treasury Note

2.875% Due: 04/30/2025

0.000 21,562.50 0.00 21,562.50 0.00
Interest 04/30/2023 9128285J5 250,000.00 US Treasury Note 3% Due: 10/31/2025

0.000 3,750.00 0.00 3,750.00 0.00
Interest 04/30/2023 9128285K2 1,500,000.00 US Treasury Note

2.875% Due: 10/31/2023

0.000 21,562.50 0.00 21,562.50 0.00
Interest 04/30/2023 91282CEK3 1,500,000.00 US Treasury Note

2.5% Due: 04/30/2024

0.000 18,750.00 0.00 18,750.00 0.00
Subtotal 7,750,000.00 103,125.00 0.00 103,125.00 0.00
Dividend 04/03/2023 31846V203 200,554.56 First American Govt Obligation Fund Class Y 0.000 707.16 0.00 707.16 0.00 Dividend 05/01/2023 31846V203 1,804,386.72 First American Govt Obligation Fund Class Y 0.000 725.07 0.00 725.07 0.00 Dividend 06/01/2023 31846V203 291,494.36 First American Govt Obligation Fund Class Y 0.000 1,142.65 0.00 1,142.65 0.00 Subtotal 2,296,435.64 2,574.88 0.00 2,574.88 0.00
TOTAL Other Transactions 10,046,435.64 105,699.88 0.00 105,699.88 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
62

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 124 of 959 Transaction Ledger
City of Indio - Consolidated Bond Proceeds - Account #10978 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/03/2023 31846V203 40,743.70 First American Govt Obligation Fund Class Y 1.000 4.32% 40,743.70 0.00 40,743.70 0.00 Purchase 04/03/2023 31846V203 4,778.16 First American Govt Obligation Fund Class Y 1.000 4.32% 4,778.16 0.00 4,778.16 0.00 Purchase 04/03/2023 31846V203 707.16 First American Govt Obligation Fund Class Y 1.000 4.32% 707.16 0.00 707.16 0.00 Purchase 04/30/2023 31846V203 5,000,000.00 First American Govt Obligation Fund Class Y 1.000 4.42% 5,000,000.00 0.00 5,000,000.00 0.00 Purchase 04/30/2023 31846V203 1,500,000.00 First American Govt Obligation Fund Class Y 1.000 4.42% 1,500,000.00 0.00 1,500,000.00 0.00 Purchase 04/30/2023 31846V203 192,875.00 First American Govt Obligation Fund Class Y 1.000 4.42% 192,875.00 0.00 192,875.00 0.00 Purchase 04/30/2023 31846V203 103,125.00 First American Govt Obligation Fund Class Y 1.000 4.42% 103,125.00 0.00 103,125.00 0.00 Purchase 05/01/2023 31846V203 60,080.06 First American Govt Obligation Fund Class Y 1.000 4.42% 60,080.06 0.00 60,080.06 0.00 Purchase 05/01/2023 31846V203 4,898.84 First American Govt Obligation Fund Class Y 1.000 4.42% 4,898.84 0.00 4,898.84 0.00 Purchase 05/01/2023 31846V203 725.07 First American Govt Obligation Fund Class Y 1.000 4.42% 725.07 0.00 725.07 0.00 Purchase 05/31/2023 31846V203 170,625.00 First American Govt Obligation Fund Class Y 1.000 4.66% 170,625.00 0.00 170,625.00 0.00 Purchase 05/31/2023 31846V203 4,300,000.00 First American Govt Obligation Fund Class Y 1.000 4.66% 4,300,000.00 0.00 4,300,000.00 0.00 Purchase 06/01/2023 31846V203 86,528.47 First American Govt Obligation Fund Class Y 1.000 4.66% 86,528.47 0.00 86,528.47 0.00 Purchase 06/01/2023 31846V203 5,349.42 First American Govt Obligation Fund Class Y 1.000 4.66% 5,349.42 0.00 5,349.42 0.00 Purchase 06/01/2023 31846V203 1,142.65 First American Govt Obligation Fund Class Y 1.000 4.66% 1,142.65 0.00 1,142.65 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
63

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 125 of 959 Transaction Ledger
City of Indio - Consolidated Bond Proceeds - Account #10978 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Purchase 06/14/2023 31846V203 78,125.00 First American Govt Obligation Fund Class Y 1.000 4.66% 78,125.00 0.00 78,125.00 0.00 Purchase 06/30/2023 31846V203 92,062.50 First American Govt Obligation Fund Class Y 1.000 4.70% 92,062.50 0.00 92,062.50 0.00 Purchase 06/30/2023 31846V203 3,600,000.00 First American Govt Obligation Fund Class Y 1.000 4.70% 3,600,000.00 0.00 3,600,000.00 0.00 Subtotal 15,241,766.03 15,241,766.03 0.00 15,241,766.03 0.00 TOTAL ACQUISITIONS 15,241,766.03 15,241,766.03 0.00 15,241,766.03 0.00

DISPOSITIONS
Maturity 04/30/2023 9128284L1 1,500,000.00 US Treasury Note

2.75% Due: 04/30/2023
100.000 1,500,000.00 0.00 1,500,000.00 3,691.41
Maturity 04/30/2023 9128284L1 5,000,000.00 US Treasury Note

2.75% Due: 04/30/2023
100.000 5,000,000.00 0.00 5,000,000.00 11,914.06
Maturity 05/31/2023 9128284S6 4,300,000.00 US Treasury Note

2.75% Due: 05/31/2023
100.000 4,300,000.00 0.00 4,300,000.00 12,429.69
Maturity 06/30/2023 9128284U1 3,600,000.00 US Treasury Note

2.625% Due: 06/30/2023
100.000 3,600,000.00 0.00 3,600,000.00 14,765.62
Subtotal 14,400,000.00 14,400,000.00 0.00 14,400,000.00 42,800.78 Security
Withdrawal
05/01/2023 31846V203 1,513,617.43 First American Govt Obligation Fund Class Y 1.000 1,513,617.43 0.00 1,513,617.43 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
64

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 126 of 959 Transaction Ledger
City of Indio - Consolidated Bond Proceeds - Account #10978 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Security
Withdrawal
06/22/2023 31846V203 10,000,000.00 First American Govt Obligation Fund Class Y 1.000 10,000,000.00 0.00 10,000,000.00 0.00 Subtotal 11,513,617.43 11,513,617.43 0.00 11,513,617.43 0.00 TOTAL DISPOSITIONS 25,913,617.43 25,913,617.43 0.00 25,913,617.43 42,800.78 Other Transactions
Interest 04/30/2023 9128283D0 1,500,000.00 US Treasury Note

2.25% Due: 10/31/2024

0.000 16,875.00 0.00 16,875.00 0.00
Interest 04/30/2023 9128283D0 2,500,000.00 US Treasury Note

2.25% Due: 10/31/2024

0.000 28,125.00 0.00 28,125.00 0.00
Interest 04/30/2023 9128284L1 5,000,000.00 US Treasury Note

2.75% Due: 04/30/2023

0.000 68,750.00 0.00 68,750.00 0.00
Interest 04/30/2023 9128284L1 1,500,000.00 US Treasury Note

2.75% Due: 04/30/2023

0.000 20,625.00 0.00 20,625.00 0.00
Interest 04/30/2023 9128284M9 1,500,000.00 US Treasury Note

2.875% Due: 04/30/2025

0.000 21,562.50 0.00 21,562.50 0.00
Interest 04/30/2023 9128285J5 250,000.00 US Treasury Note 3% Due: 10/31/2025

0.000 3,750.00 0.00 3,750.00 0.00
Interest 04/30/2023 9128285K2 1,500,000.00 US Treasury Note

2.875% Due: 10/31/2023

0.000 21,562.50 0.00 21,562.50 0.00
Interest 04/30/2023 9128285K2 3,200,000.00 US Treasury Note

2.875% Due: 10/31/2023

0.000 46,000.00 0.00 46,000.00 0.00
Interest 04/30/2023 91282CEK3 4,000,000.00 US Treasury Note

2.5% Due: 04/30/2024

0.000 50,000.00 0.00 50,000.00 0.00
Interest 04/30/2023 91282CEK3 1,500,000.00 US Treasury Note

2.5% Due: 04/30/2024

0.000 18,750.00 0.00 18,750.00 0.00
Interest 05/31/2023 9128283J7 1,500,000.00 US Treasury Note

2.125% Due: 11/30/2024

0.000 15,937.50 0.00 15,937.50 0.00
March 31, 2023 through June 30, 2023
As of June 30, 2023
65

Page 68 of 72 ends

AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 127 of 959 Transaction Ledger
City of Indio - Consolidated Bond Proceeds - Account #10978 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Interest 05/31/2023 9128284S6 4,300,000.00 US Treasury Note

2.75% Due: 05/31/2023

0.000 59,125.00 0.00 59,125.00 0.00
Interest 05/31/2023 9128285P1 2,300,000.00 US Treasury Note

2.875% Due: 11/30/2023

0.000 33,062.50 0.00 33,062.50 0.00
Interest 05/31/2023 91282CER8 5,000,000.00 US Treasury Note

2.5% Due: 05/31/2024

0.000 62,500.00 0.00 62,500.00 0.00
Interest 06/14/2023 3130ASHK8 5,000,000.00 FHLB Note

3.125% Due: 06/14/2024

0.000 78,125.00 0.00 78,125.00 0.00
Interest 06/30/2023 9128283P3 1,300,000.00 US Treasury Note

2.25% Due: 12/31/2024

0.000 14,625.00 0.00 14,625.00 0.00
Interest 06/30/2023 9128284U1 3,600,000.00 US Treasury Note

2.625% Due: 06/30/2023

0.000 47,250.00 0.00 47,250.00 0.00
Interest 06/30/2023 9128285U0 2,300,000.00 US Treasury Note

2.625% Due: 12/31/2023

0.000 30,187.50 0.00 30,187.50 0.00
Subtotal 47,750,000.00 636,812.50 0.00 636,812.50 0.00
Dividend 04/03/2023 31846V203 1,355,025.46 First American Govt Obligation Fund Class Y 0.000 4,778.16 0.00 4,778.16 0.00 Dividend 04/03/2023 31846V203 200,554.56 First American Govt Obligation Fund Class Y 0.000 707.16 0.00 707.16 0.00 Dividend 04/03/2023 31846V203 16,634,297.73 First American Govt Obligation Fund Class Y 0.000 40,743.70 0.00 40,743.70 0.00 Dividend 05/01/2023 31846V203 1,359,803.62 First American Govt Obligation Fund Class Y 0.000 4,898.84 0.00 4,898.84 0.00 Dividend 05/01/2023 31846V203 21,867,916.43 First American Govt Obligation Fund Class Y 0.000 60,080.06 0.00 60,080.06 0.00 Dividend 05/01/2023 31846V203 1,804,386.72 First American Govt Obligation Fund Class Y 0.000 725.07 0.00 725.07 0.00 Dividend 06/01/2023 31846V203 291,494.36 First American Govt Obligation Fund Class Y 0.000 1,142.65 0.00 1,142.65 0.00 Dividend 06/01/2023 31846V203 26,398,621.49 First American Govt Obligation Fund Class Y 0.000 86,528.47 0.00 86,528.47 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
66

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 128 of 959 Transaction Ledger
City of Indio - Consolidated Bond Proceeds - Account #10978 Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Dividend 06/01/2023 31846V203 1,364,702.46 First American Govt Obligation Fund Class Y 0.000 5,349.42 0.00 5,349.42 0.00 Subtotal 71,276,802.83 204,953.53 0.00 204,953.53 0.00
TOTAL Other Transactions 119,026,802.83 841,766.03 0.00 841,766.03 0.00 March 31, 2023 through June 30, 2023
As of June 30, 2023
67

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 129 of 959 Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

As of June 30, 2023
68

Page 71 of 72 ends

AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 130 of 959 Benchmark Disclosures
ICE BofA 1-5 Yr US Treasury & Agency Index*
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

ICE BofA 1-3 Yr US Treasury Index The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market.

Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance.

As of June 30, 2023
69

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AGENDA ITEM #8.4
Report of investments for the quarter ending June 30, 2023 (Rob Rockwell...Page 131 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: IWA Warrants from 07.06.23 thru 08.01.23

ATTACHMENTS:

IWA Warrants Period 07.06.23 thru 08.01.23

APPROVAL(S):

Reymundo Trejo, P.E., IWA General Manager Approved - 03 Aug 2023

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager... Page 132 of 959 .___m_mm__m_“u__E:___E_m_=._n__m_.__:==:._
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CHECKNUMBER179511795117952179531795417955179561795617957179581795817959179591796017960179611796217962179621796317963179631796417965179651796617967179671796717968179691797017971179721797217973179741797417975 CHECKDATE07/06/202307/06/202307/06/202307/06/202307/06/202307/06/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/2023 VENDORNUMBER735373536902690269026902696969697009706070607080708078017801248760076007600603603603823569146914575690769076907707169477010710277927792393203208197 IW AWarrantRegister-Period07/06/23through08/01/23
VENDORNAMEHERNANDEZ,CHWSW ANHERNANDEZ,CHWSW ANFOXSTONEFOXSTONEFOXSTONEICKOWICZ,TERRYAMAZONCAPITALSERVICESAMAZONCAPITALSERVICESAMERICANW ATERWORKSASSOCIATIONATWORKFRANCHISEINCATWORKFRANCHISEINCBDCARNAHANIW ANAGEMENTSERVKESINCBDCARNAHANMANAGEMENTSERVICESINCBELLBURNETT&ASSOCBELLBURNETT81ASSOCBMNKSINCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCDWGOVERNMENTCDWGOVERNMENTCDWGOVERNMENTCISCOCUSTOMENGINEERINGLLCCLA-V ALCLA-V ALCOACHELLAV ALLEYW ATERC()RE8Lh?A|NLPCCJRE&.hAAINLPC()RE8Lh?AINLPCORONAENVIRONMENTALCONSULTINGLLCCVSTRATEGESDANGELOCO.DATUMPININC.DESERTHOSEANDSUPPLYDESERTHOSEANDSUPPLYDESERTELECTRICSUPPLYDESERTREDI-MIXDESERTREDI-MIXM.O.DION&SONS,INC.

Page1of5
ORG8106713810671281081081081081067158106715810671181067148106714810810671181081067118106714855810671681281067158106715810671581067128106712810671281067118106713810671381067128106712810671181067138106712810671281067128106712810671381067138106712 OBJECT524028524028210060210060210060210060531060531033531066521064521064103045521064103045521064521016521064521064554002531060531060555005555005523015523015521088531054531054531054521064540027531054521064531054531054531054531054531054554002 FULLACCOUNT810-00-00-6713-000-524028-810-00-00-6712-000-524028-810-00-00-0000-000-210060-810-00-00-0000-000-210060-810-00-00-0000-000-210060-810-00-00-0000-000-210060-810-00-00-6715-000-531060-810-00-00-6715-000-531033-810-00-00-6711-000-531066-810-00-00-6714-000-521064-810-00-00—6714—000-521064-810-00-00-0000-000-103045-810-00-00-6711-000-521064-810-00-00-0000-000-103045-810-00-00-6711-000-521064-810-00-00-6714-000-521016-855-00-00-0000-000-521064-810-00-00-6716-000-521064-812-00-00-0000-000-554002-810-00-00-6715-00O-531060-810-00-00-6715-000-531060-810-00-00-6715-000-555005<810-00-00-6712-000-555005-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6711-000-521088-810—00—00-6713-000-531054-810-00-00-6713-000-531054-810-00-00-6712-000-531054-810-00-00-6712-000-521064-810-00-00-6711-000-540027-810-00-00-6713—000-531054-810-00-00-6712-000-521064-810-00-00-6712-000-531054-810-00-00-6712-000-531054-810-00-00-6712-000-531054-810-00-00-6713-000-531054-810-00-00-6713-000-531054-810-00-00-6712-000-554002- AMOUNTs129.505129.505637.5653,547.9351,138.185170.04529.34s125.8954,660.00$948.48$1,185.6051,615.00$1,615.00$1,250.0051,250.0052,018.62511,475.0034,425.0053,075.00528.31$289.255361.8551,722.0855,315.9655,592.29$138,027.365548.765570.9452,457.37$12,740.0054,166.65S5,075.04$1,660.0051,074.34$763.68$ 48.49s173.75$580.74515,967.28

Page 2 of 6 ends

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager...Page 133 of 959 E_E__m_"u_._E::_m__.25..

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CHECKNUMBER179761797717978179781797917980179801798017980179801798017980179801798017980179801798017980179801798017980179801798017981179821798217983179841798417984179841798417984179841798417984179841798417984 CHECKDAJE07/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/2023 VENDORNUMBER69714470292292702570587058705870587058705870587058705870587058705870587058705870587058705870147329732956101101101101101101101101101101101101 IW AWarrantRegister-Period07/06/23through08/01/23
VENDORNAMEEDW ARDBALDERASEXCELLANDSCAPE,INC.FERGUSONENTERPRISES,LLC.#1350FERGUSONENTERPRISES,LLC.#1350GARYVVOODSHASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HASAJNC.HERMANLOPEZHF&HCONSULTANTS,LLCHF&HCONSULTANTS,LLCHIGHTECHIRRIGATIONHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICES Page2of5
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—000-524028-810-00-00-6712-000—523015-810-00-00-6712-000-531054-810-00-00-6712-000-531054-810-00-00-6713-000-524028-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712—000—531009-810-00-00-6712-O00-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-O0-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-O0-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000-531009-810-00-00-6713-000-524028-321-00-00-0000-000-554002-321-00-00-0000-000-554002-810-00-00-6712-000-531054-810-00-00-6712-000-531054-810-00-00-6712-000-531054-810-00-00-6713-000-531054-810-00-00-6712-000-531054-810-00-00-6711-000—531033-810-00-00-6713-000-531054-810-00-00-6711-000-531033-810-00-00-6712-000-531054-810-00-00-6712-000-531060-810-00-00-6712-000-531060-810-00-00—0000-000-103045-810-00-00-6712-000-531054- AMOUNT
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Page 3 of 6 ends

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager...Page 134 of 959 'n|'_ .. F?il-1-
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CHECKNUMBER179841798417984179841798517986179871798717987179871798717987179871798717987179871798717987179871798717987179871798717987179871798717987179871798717988179891798917989179891798917989179891798917989 CHECKDATE07/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/2023 IW AWarrantRegister-Period07/06/23through08/01/23
VENDORNUMBERVENDORNAME ORGOBJECTFULLACCOUNTAMOUNT101 HOMEDEPOTCREDITSERVICES8106712531054810-00-00-6712-000-531054-S176.51101 HOMEDEPOTCREDITSERVICES8106712531060810-00-00-6712-000-531060-S132.10101 HOMEDEPOTCREDITSERVICES8106712531054810-00-00-6712-000-531054-S88.26101 HOMEDEPOTCREDITSERVICES8106712531060810-00-00-6712-000-531060—$ 39.087625 HUNTERPRESTON 8106713524028810-00-00-6713-000—524028-S379.507625 HUNTERPRESTON 8106713524028810-00-00-6713-000-524028-S352.00403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S165.25403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S35.84403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S19.75403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-67l2-000-523012-S7,732.71403 IMPERIALIRRIGATIONDISTRICT8106712523012810—00~00-6712—000-523012-S801.70403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S5,659.06403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S12.34403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712—000—523012-S27,958.81403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712—000—523012-S4,813.65403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S18,898.54403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-00O-523012-S3,840.63403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S4,127.75403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S10,986.75403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S2,341.21403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S841.80403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S15,516.89403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S4,414.87403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S6,265.20403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S20,844.58403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S6,871.35403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S35,551.57403 IMPERIALIRRIGATIONDISTRICT8106712523012810-00-00-6712-000-523012-S6,163.13403 IMPERIALIRRIGATIONDISTRICT8106712523012810-O0-00-6712-000-523012-S1,671.268211 INDIANPALMSCOMMUNITYASSOCIATION8106713531060810-00-00-6713-O00-531060-S300.002125 INFOSEND,INC. 8106714524022810-00-00-6714-000-524022-S548.402125 INFOSEND,INC. 8106714524022810-00-00-6714-000-524022-S752.832125 INFOSEND,INC. 8106714524020810-00-00-6714-000-524020-S3,605.782125 INFOSEND,INC. 8106714524022810-00-00-6714-000-524022-S3,157.502125 INFOSEND,INC. 8106714524020810-00-00-6714-000-524020-S7,419.932125 INFOSEND,INC. 8106714524022810-00-00-6714-000-524022-S1,501.342125 INFOSEND,INC. 8106714524022810-00-00-6714-000-524022-S359.032125 INFOSEND,INC. 8106714524020810-00-00-6714-000-524020-S1,304.602125 INFOSEND,INC. 8106714524020810-00-00-6714-000-524020-S7,275.47 Page3of5

Page 4 of 6 ends

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager...Page 135 of 959 FE_:___.a.__=.__E__u.._..__..___=
-I rtlutlfh -I fl rllrllr Irli
_.__=__:_.m____=...5:__._.2. “___mEmEmIE_
E.21.:..n..=:.=_.m:E_:__:.=_m.__E_:_._:E:_m.__y_:__._._.__:.._.:.._._E____§?_%__m__?Mmmw_=._._=_..._._.___.___E:_._1...._._._..:.._.L=.hw__E=EE__E_E_E__E_E_= “_".__=._m_____=._._._:5.=.:=___=3=.="_-3.

CHECKNUMBER179901799117992179931799417994179941799417994179941799417995179961799717998179981799918000180011800218003180041800518006180071800818009180101801118011180111801218013180141801418014180151801618017 CHECKDATE07/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/2023 VENDORNUMBER334969226987732469826982698269826982698269826952695259526952695269526952695269526952695269526952695269526952695279347934793457816940691269126912489769576946 IW AWarrantRegister-Period07/06/23through08/01/23
VENDORNAMEINNOV AHVEDOCUMENTSOLUWONSJORGEAY ALALEGENDPUMP&WELLSERVICEINCMARIPOSALANDSCAPES,INCMCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.DONDIEGOCARMONA,DONNAWEISSERIKLARAOCAMPOGABRIELESQUIBIASGABRIELESQUIBIASJAMESRAYCOLUNSJOSHUAMACIASJULIAVILLALONKEVINMEREDITHLAWRENCEDA VIDROBERTSLAWRENCEJAYFREEDMANMARYHILLIERDA VIDSONMICHAELJOHNNICHOLSWCHARDJRRZOHCHARDJOHNKERSUUSSABINOHUERTASEONGMINJlODPBUSINESSSOLUTIONS,LLCODPBUSINESSSOLUTIONS,LLCODPBUSINESSSOLUTIONS,LLCPAULASSOGATESPETTYCASHIERJVV APITNEYBOWESPITNEYBOWESPITNEYBOWESPRUDENUALOVERALLSUPHJRENELEONRODOLFOGONZALEZ Page4of5
ORG81067158106713810671281067128106712810671281067128106712810671281067128106712810671181067118106711810671181067118106711810671181067118106711810671181067118106711810671181067118106711810671181067118106711810671181067118106711810671181067148108106715810671381067128106713 OBJECT524024524028523015523015523015523015523015523015523015523015523015521032521032521032521032521032521032521032521032521032521032521032521032521032521032521032521032521032531033531033531033524022540015524020103045524024531057524028524028 FULLACCOUNT810-00-00-6715-000-524024-810-00-00-6713-000-524028-810-00-00-6712-O00—523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810—00—00-6711-O00-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-000-521032-810-00-00-6711-O00-521032-810-00-00-6711-O00-521032-810-00-00-6711-000-521032-810-00-00-6711-000-531033-810-00-00-6711-000-531033-810-00-00-6711-000-531033-810-00-00-6711-000-524022-810-00-00-6711-000-540015-810—00—00—6714-000-524020-810-00-00-0000-000-103045-810-00-00-6715-000-524024-810-00-00-6713-000-531057-810-00-00-6712-000-524028-810-00-00-6713-000-524028- AMOUNT26.71310.5014,944.005,153.091,203.82989.827,718.27498.92333.92250.441,146.981,678.00600.002,796.0037.62904.00150.002,958.002,212.00122.882,002.00622.00394.00924.00104.278,454.002,626.00131.571,095.4026.0964.55361.85164.7522.805.70146.29582.82310.50310.50 mmmmm(nus.-Lnmmmmmmmmmmmmmmmmmmmmmmmwmmmmmmm

Page 5 of 6 ends

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager...Page 136 of 959 CHECKNUMBER180181801818019180191802018020180201802018021180211802218022180231802418025180251802518026 CHECKDATE07/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/202307/19/2023 VENDORIVUBHBER7676708470847878787841541521322132701370207037703770374129 IW AWarrantRegister-Period07/06/23through08/01/23
VENDORNAMESMITHPIPE&SUPPLYSMITHPIPE&SUPPLYTHEPITNEYBOWESRESERVEACCOUNTTHEPITNEYBOWESRESERVEACCOUNTTOPSNBARRICADESTOPSNBARRICADESTOPSNBARRICADESTOPSNBARRICADESUNDERGROUNDSERVKEALERTUNDERGROUNDSERWCEALERTVERIZONWIRELESSVERIZONWIRELESSWCTORCARDENASWESTERNW ATERWORKSSUPPLYCO.,INCWHITECAPWHITECAPWHITECAPXPRESSGRAPHKS Page5of5
ORG81067138106713810810671481067138106713810671381067138106713810671381067158106712810671381067138106713810671381067138106711 OBJECT531060531054103045524020531060524024531054524024521068521068524006524006524028531054531057531054531060524022 Approvedby:

FULLACCOUNT810-00-00-6713-000-531060-810-00-00-6713-000-531054-810—00-00—0000-000-103045-810-00-00-6714-000-524020-810-00-00-6713-000-531060-810-00-00-6713-000-524024-810-00-00-6713-000-531054-810-00-00-6713-000-524024-810-00-00—6713—O00-521068-810-00-00-6713-000-521068-810-00-00-6715-000-524006-810-O0-00-6712-000-524006-810-O0-00-6713—000-524028-810-00-00-6713-0O0-531054-810-00-00-6713-000-531057-810-00-00-6713-000-531054-810-00-00-6713-000-531060-810-00-00-6711-000-524022-Total ReymundoTrejoGeneralManager
AMOUNTSSS$$5SSSSSS$$5$S5
604.4319.49100.00400.00859.13825.00725.00336.85284.7571.561,574.13325.60379.503,297.3094.58(31.52)309.01330.48 $546,946.38
8/2/2023

Page 6 of 6 ends

AGENDA ITEM #8.5
IWA Warrants from 07.06.23 thru 08.01.23 (Rey Trejo, IWA General Manager...Page 137 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Conservation Program Update and Recommendation for Revisions to the Turf Removal Rebate Program

RECOMMENDATION:

Approve the proposed revisions to the turf rebate program (Program) as follows: (1) artificial turf will no longer be a reimbursable expense under the Program; (2) residential customers that plant one new native tree for every 250 square feet (SF) of turf removed will get $3 per SF; and (3) residential customers that do not plant a native tree as part of the turf removal project will get the current $2 per SF.

SUMMARY:

Currently, IWA offers $2 per SF to residential (up to a maximum of 10,000 SF) and commercial customers (up to 30,000 SF) for turf removed. City, school and government customers currently get $3 per SF (up to $150,000 per SF). Due to awarded grant program g uidelines and inflation staff is recommending changes to the turf rebate program as follows: (1) artificial turf will no longer be a reimbursable expense; (2) residential customers that plant one (1) new native tree for every 250 SF of turf removed will get $3 per SF; and (3) residential customers that do not plant a native tree as part of their turf removal project will receive the current $2 per SF.

BACKGROUND INFORMATION:

Staff reviewed the existing turf rebate program given awarded grant funding guid elines. IWA was awarded grant funding totaling over $900,000 from three (3) programs, via cost reimbursement to support conservation efforts, including turf removal. However, a majority of the grant funding does not allow for artificial turf. Given the grant award guidelines, staff recommends excluding artificial turf from the turf removal program. It is anticipated that the proposed change to exclude artificial turf as an eligible rebate expense will encourage the installation of more native plants and trees.

Furthermore, staff recommends installing a native tree for every 250 sq. ft. of turf removed. Staff took into consideration the average yard size, tree canopy measurements, depth and growth of native tree root systems. Resources identifying desert friendly plants and trees are available to assist customers with their turf removal projects. Increasing the rebate amount will further support customer efforts with their projects.

AGENDA ITEM #8.6
Conservation Program Update and Recommendation for Revisions to the Turf... Page 138 of 959

Proposed Program Rollout:

If the City Council/Board approves the proposed program changes, the revised program guidelines will go into effect on September 1, 2023. This will provide time to update the application forms and program outreach materials. Customers that submit turf rebate applications during August 17 -31, 2023, will be notified about the upcoming program changes, and give customers the opportunity to consider revising their project scope based on the new guidelines.

Turf removal rebate applications received up until August 31, 2023, that have received a pre - inspection, clearance letter, and/or a post -inspection, including artificial turf installation, will be processed at the current rebate program amounts. If the customer has not done any work and would like to rescind their application, they may do s o and submit an updated application on or after September 1, 2023.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$425,000 In current year budget: Yes
Current FY General
Fund Impact:
$0 Budget adjustment: No
Next FY Financial
Impact:
$0 Strategic Objective: Community
Beautification
Source of funds: IWA Conservation Program Fund-Org-Object Reference:
8106711-521032

Additional Financial Details:

The approved FY 23 -24 IWA annual budget for the conservation rebate program is $425,000.

Additionally, IWA will submit eligible expenses for reimbursement funding via the Prop 1 Round 2 and Urban Community Drought Relief grants.

APPROVAL(S):

Reymundo Trejo, P.E., IWA General Manager Approved - 07 Aug 2023 Steven Graham, City Attorney Approved - 07 Aug 2023
Rob Rockwell, Asst. City Manager & Dir. Of Finance Approved - 07 Aug 2023 Bryan H. Montgomery, City Manager Approved - 07 Aug 2023

Page 2 of 2 ends

AGENDA ITEM #8.6
Conservation Program Update and Recommendation for Revisions to the Turf... Page 139 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Purchase from Ferguson Waterworks, Core & Main, Dangelo Company, United Waterworks, Inc. and Western Waterworks for as -needed waterworks parts and supplies for a combined not-to-exceed amount of $360,000 in accordance with the approved budget for Fiscal Year 2023 -2024

RECOMMENDATION:

Approve purchases fro m Ferguson Waterworks, Core & Main, Dangelo Company, United Waterworks, Inc., and Western Waterworks for as -needed waterworks parts and supplies for a combined not-to-exceed amount of $360,000 in accordance with the approved budget for Fiscal Year 2023-2024

SUMMARY:

In order to maintain proper operation, maintenance, and regulatory compliance of the water distribution system, IWA requests to purchase repair parts and supplies on as -needed basis. Based on the excellent service provided by the current vendors, competiti ve pricing, comprehensive inventory, and timely availability of products, staff recommends that the City Council/IWA Board approve purchases for a combined not -to-exceed amount of $360,000 for as -needed waterworks parts and supplies in Fiscal Year 2023 -2024. Staff will obtain price quotes from each vendor prior to making purchases exceeding $5,000.

BACKGROUND INFORMATION:

Historically, IWA has requested approval of purchases for as -needed waterworks parts and supplies from the vendors listed below:

Vendor Location
Core & Main Indio, CA
Dangelo Company La Habra, CA
United Waterworks, Inc. Perris, CA
Western Water Works Chino Hills, CA
Ferguson Waterworks Indio, CA

AGENDA ITEM #8.7
Purchase from Ferguson Waterworks, Core & Main, Dangelo Company, United ... Page 140 of 959 In addition to offering competitive prices and timely supply, the aforementioned vendors carry inventories that meet IWA standards and specifications. In an effort to streamline the purchasing process and to efficiently process invoices, IWA is again requesting approval of purchases from these vendors for FY2023-2024 for as-needed waterworks parts and supplies. This authorization will give staff the ability to continue a timely and cost-effective procurement ensuring we are receiving the best price.

Parts and supplies purchased from these vendors include meter boxes and lids, valves, pipes, fittings, fire hydrants, joint restraints, clamps and couplings, and service brass just to mention a few.

Purchases are only made when needed and from the vendor that provides the best price.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$360,000 In current year budget: Yes
Current FY General
Fund Impact:
$0 Budget adjustment: No
Next FY Financial
Impact:
$0 Strategic Objective:

Source of funds: Water Distribution and Water
Production Fund-Org-Object
Reference:

Various Accounts

Additional Financial Details:

Funds are budgeted in various line items in the Water Distribution and Water Production accounts for the purchase of waterworks parts and supplies for FY 2023-2024.

APPROVAL(S):

Page 2 of 2 ends

AGENDA ITEM #8.7
Purchase from Ferguson Waterworks, Core & Main, Dangelo Company, United ... Page 141 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Authorize the full release of the performance and payment bond and accept the Bill of Sale and Maintenance bond in the amount of $47,794.00 from Terra Lago, Indio, LLC, for the K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-8

RECOMMENDATION:

That the City Council / Indio Water Authority Board: 1) exonerate the performance and payment bonds (Original No. SU34375, Bond Change Rider No. 612406846, $477,948.50) from Terra Lago Indio LLC for water improvements within Tract 32341 -8, 2) and accept the Bill of Sale and Maintenance bond (No. 612418016, $47,794.00) to be released on August 19, 2024 after the one-year warranty period.

SUMMARY:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-8 is a single-family subdivision located northwest of the intersection of Avenue 44 and Terra Lago Parkway. Onsite water improvements for Tract No. 32341-8 Terra Lago are complete. All required submittals to the Indio Water Authority (IWA) are complete per the approved plans and water agreement. The developer, Terra Lago Indio LLC, is requesting the release of the performance and payment bond. The Developer submitted a Bill of Sale and a Maintenance bond.

BACKGROUND INFORMATION:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-8 is a single-family subdivision located northwest of the intersection of Avenue 44 and Terra Lago Parkway. On July 18, 2018 the IWA approved a water improvement bond with Terra Lago, Indio, LLC totaling $477,948.50 for the required water improvements within Tract 32341 -8. The water improvements are completed to IWA’s satisfaction. the requesting is LLC) Indio, bondholder (Terra improvement water The Lago, exoneration of the original bond (Original No. SU34375, Bond Change Rider No. 612406846) and its replacement with a Maintenance bond (Bond No. 612418016). The Maintenance bond is set to expire following the completion of the one -year warranty period. The Maintenance bond guarantees the developer will fix defective work or material should an issue arise during the warranty period.

The water improvements constructed and being transferred by the Bill of Sale include 816 linear feet of 12-inch ductile iron pipeline, 1,546 linear feet of 8-inch ductile iron pipeline, eight (8) fire hydrants, forty-seven (47) 1 -inch service connections and (47) ¾ -inch water meters. The improvements will serve forty-seven (47) single-family residential lots within Tract. No. 32341-8.

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 142 of 959 Staff water the accept City and Council Indio Water Authority the that recommends Board improvements, exonerate the original payment and performance bonds, and allow full exoneration of the Maintenance bond on August 16, 2024 after the one -year warranty period has elapsed. With the acceptance of the Bill of Sale, the completed water improvements within Tract Map No. 32341 -8 will be conveyed to the IWA and recorded by the County of Riverside Recorder’s Office.

FINANCIAL SUMMARY:

Current FY Financial
Impact:

N/A In current year budget: N/A
Current FY General
Fund Impact:

N/A Budget adjustment: N/A
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: N/A Fund-Org-Object
Reference:

N/A

Additional Financial Details:

There is no cost or fiscal impact associated with this action.

ATTACHMENTS:

Attachment 1 - Maintenance Bond Tract No. 32341-8
Attachment 2- Bill of Sale Tract No. 32341-8
Attachment 3 - Original Payment and Performance Bond and Bond Rider Tr No. 32341-8

APPROVAL(S):

Page 2 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 143 of 959 TerraLgoIndioLLC.1260CoronaPointeCourt
»UniAtedStatesFireInsuranceComnanx hDriveSu 606

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June2|,2024
June21.2024
By: (342Jaxéaoxéz,Wm?/42/aéoé
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UNITEDSTATESFIREINSURANCECOMPANY
MAINTENANCEBONDBone‘:No.6‘2‘“'“6KNOWALLMENBYTPIESEPRESENTS,ThatWe,Suite301CnrnnaCA97879 anofficeat1SouthSurety,areheldand?rmlybounduntolmiinWaterAnthnritv100CivicCenterMall_Indio_CA92203asObligee,inthepenalsumofFortv-SevenThousandSevenHundredNinetv-Fourand00/100($ DollarslawfulmoneyoftheUnitedStatesofAmericathePrincipalandSuretybindthemselves,theirheirs,executors,administrators,successorsandassigns,jointlyandseverally?rmlybythesepresents.SIGNED,SEALEDANDDATEDthisg?dayofJune2023.WHEREASthePrincipalhascompletedTractNo17341-8WaterImnrovementsandwhereas,theObligeerequiresamaintenanceguaranteefortheperiodexpiringNOWTHEREFORE,THECONDITIONOFTHISOBLIGATIONISSUCH,thatifthePrincipalathisowncostandexpensereplacesorrepairsanyoftheabovedescribedworks,whichshallbecomedefectivebecauseofeithermaterialorworkmanshipnotmeetingrequirementsofthespeci?cationsunderwhichtheworkwasdoneduringtheperiodthrough,thenthisobligationshallbenullandvoid,otherwisetoremainin?illforceandeffect.

TerraLagoIndio.LLC
Witness
itnessGerhard D tto1ney—in-Fact
asPrincipal,and avingWagkgtitsT2180,ChicagglL_60_ as
Principal
Surety

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AGENDA ITEM #8.8
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CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyofLosAngelesOnJUN282023hememe,SarahE.Campbell,NotaryPublicDate HereInsertNameandTitleoftheO?icerPersonallyappearedD‘Garcia Name(s)of5igner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(x)whosenamelst)is/xmsubscribedtothewithininstrumentandacknowledgedtomethatbut/she/idxexexecutedthesamein)bix/her/xbanicrauthorizedcapacitylimxl,andthatbyhis¢her/tdxabrsignature(x)ontheinstrumenttheperson(>s),ortheentityuponbehalfofwhichthepersonlx)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSSARAHE.CAMPBELLNotaryPublic—CaliforniaLosAngelesCountyCommissionff2329262SignatureComm.ExpiresJun27,2024 NotaryPublic PlaceNotarySealAboveOPTIONAL------------------------------------------------------------------ Thoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages Signer(s)OtherThanNamedAboveCapacity(ies)ClaimedbySigner(s)Signer'sName Signer'sNameCorporateOfficer—Title(s)CorporateOfficer—Title(s)[3PartnerLimitedGeneralBPartnerLimitedGeneralIndividualAttorneyinFact UIndividualE]AttorneyinFactETrusteeDGuardianorConservatorTrusteeGuardianorConservatorOther OtherSignerlsRepresentingSignerlsRepresenting

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aullienLicily Auumey,please
M4@457
Surctvlnauiriesf?zmlI|a2mun.cnm
POWEROFATTORNEYUNITEDSTATESFIREINSURANCECOMPANYPRINCIPALOFFICE-MORRISTOWN,NEWJERSEYKNOWALLMENBYTHESEPRESENTS:ThatUnitedStatesFireInsuranceCompany,acorporationdulyorganizedandexistingunderthelawsofthestateofDelaware,hasmade,constitutedandappointed,anddoesherebymake,constituteandappoint:JaninaMonroe;JenniferOchs;SarahCampbell;MarthaBarreras;MichelleHaas;CharlesR.TeterIII;TimothyNoonan;KDWapato;MarinaTapia;EdwardC.Spector;D.Garcia;EthanSpector;B.Aleman;SimoneGerhard;ErinBrown;RachelA.Mulleneach,itstrueandlaw?ilAttorney(s)—In—Fact,with?illpowerandauthorityherebyconferredinitsname,placeandstead,toexecute,acknowledgeanddeliver:Anyandallbondsandundertakingsofsuretyandotherdocumentsthattheordinarycourseofsuretybusinessmayrequire,andtobindUnitedStatesFireInsuranceCompanytherebyasfullyandtothesameextentasifsuchbondsorundertakingshadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersofUnitedStatesFireInsuranceCompanyatitsprincipaloffice,inamountsorpenalties:OneHundredTwentyFiveMillionEightHundredThousandDollars($125,800,000)ThisPowerofAttorneylimitstheactofthosenamedthereintothebondsandundertakingsspeci?callynamedtherein,andtheyhavenoauthoritytobindUnitedStatesFireInsuranceCompanyexceptinthemannerandtotheextentthereinstated.ThisPowerofAttorneyrevokesallpreviousPowersofAttonieyissuedonbehalfoftheAttorneys-In-Factnamedabove.ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy—LawsofUnitedStatesFireInsuranceCompanyasnowinfullforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:ArticleIV ,ExecutionofInstruments-ExceptastheBoardofDirectorsmayauthorizebyresolution,theChairmanoftheBoard,President,anyVice-President,anyAssistantVicePresident,theSecretary,oranyAssistantSecretaryshallhavepoweronbehalfoftheCorporation:(a)toexecute,affixthecorporatesealmanuallyorbyfacsimileto,acknowledge,verifyanddeliveranycontracts,obligations,instrumentsanddocumentswhatsoeverinconnectionwithitsbusinessincluding,withoutlimitingtheforegoing,anybonds,guarantees,undertakings,recognizances,powersofattorneyorrevocationsofanypowersofattorney,stipulations,policiesofinsurance,deeds,leases,mortgages,releases,satisfactionsandagencyagreements;(b)toappoint,inwriting,oneormorepersonsforanyorallofthepurposesmentionedintheprecedingparagraph(a),includingaffixingthesealoftheCorporation.ArticleIII,Of?cers,Section3.11,FacsimileSignatures.Thesignatureofanyof?cerauthorizedbytheCorporationtosignanybonds,guarantees,tmdertakings,reoognizances,stipulations,powersofattorneyorrevocationsofanypowersofattorneyandpoliciesofinsuranceissuedbytheCorporationmaybeprinted,facsimile,lithographedorotherwiseproduced.Inaddition,ifandasauthorizedbytheBoardofDirectors,dividendwarrantsorchecks,orothernumerousinstrumentssimilartooneanotherinform,maybesignedbythefacsimilesignatureorsignatures,lithographedorotherwiseproduced,ofsuchof?cerorofficersoftheCorporationasfromtimetotimemaybeauthorizedtosignsuchinstrumentsonbehalfoftheCorporation.TheCorporationmaycontinuetouseforthepurposeshereinstatedthefacsimilesignatureofanypersonorpersonswhoshallhavebeensuchofficerorofficersoftheCorporation,notwithstandingthefactthathemayhaveceasedtobesuchatthetimewhensuchinstrumentsshallbeissued.WWITNESSWHEREOF,UnitedStatesFireInsuranceCompanyhascausedthese.presentstobesignedandattestedbyitsappropriateofficeranditscorporatesealhereuntoaffixedthis28thdayofSeptember,2021.UNITEDSTATESFIREINSURANCECOMPANY CMatthewE.Lubin,PresidentStateofNewJersey}CountyofMorris}Onthis28thdayofSeptember,2021,beforeme,aNotarypublicoftheStateofNewJersey,cametheabovenamedof?cerofUnitedStatesFireInsuranceCompany,tomepersonallyknowntobetheindividualandofficerdescribedherein,andacknowledgedthatheexecutedtheforegoinginstrumentandaffixedthesealofUnitedStatesFireInsuranceCompanytheretobytheauthorityofhisof?ce. -/l’Vly(M4o/I4£)'éUm«9/MelissaH.D’Alessio(NotaryPublic)1,theundersignedofficerofUnitedSmtesFireInsuranceCompany,aDelawarecorporation,doherebycertifythattheoriginalPowerofAttorneyofwhichtheforegoingisa?ill,trueandcorrectcopyisstillinforceandeffectandhasnotbeenrevoked.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthecorporatesealofUnitedStatesFireInsuranceCompanyontheday°f 2° JUN282023UNITEDSTATESFIREINSURANCECOMPANY MichaelC.Fay,SeniorVicePresident

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Anotarypublicorotherof?cercompletingthiscerti?cateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached.andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniacountyofRiversideon befgreme_AmvR.Williams.NotaryPublicHereInsertNameandTitleoftheOfficerpersona?yappearedsteVeSCherbarthName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenameis)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltlaeyexecutedthesameinhis/herltheirauthorizedcapacity(ies),andthatbyhis/herltheirsignature(e)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoing. s .N°t:r’::,Ebl::'}E'_:l?¢°,mparagraphIStrueandcorrect.RiversideCountyE _CommissionI:2301191WITNESSmyhandandofficialseal.MyComm.ExpiresAug12.2023 SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocuTitleorTypeofDocument:DocumentDate: NumberofPages:Signer(s)OtherThanNamedAbove:Capaclty(ies)ClaimedbySigner(s)Signer'sName: Signer'sName:ElCorporateOf?cer— Title(s):ElCorporateOf?cer— Title(s):DPartner—ElLimitedElGeneral[3Partner—ElLimitedInGeneralElindividualDAttorneyinFactElindividualI:AttorneyinFactElTrusteeElGuardianorConservatorI:ITrusteeElGuardianorConservatorElOther: ElOther:SignerisRepresenting:SignerlsRepresenting:
©2019NationalNotaryAssociation
men é/J1///?/5’

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GENERALPURPOSERIDER
TobeattachedtoandformpartofBondNumber612418016effectiveJune212023issuedbytheUntedStatesFireInsuranceCompanyintheamountofForty-SevenThousandSevenHundredNinety-Fourand00/100Dollars$7,794.00)onbehalfTerraL_agoIndia,LLCasPrincipal,andinfavorofIndiowalermayasObligee:

NOWTherefore,itisagreedthattheMaintenanceExpirationhasbeenamended:

FROM:MaintenaceguaranteeexpirationJune21,2024
T0: MaintenanceguaranteeexpirationAugust19,2025
Itisfurtherunderstoodandagreedthatallothertermsandconditionsofthisbondshallremainunchangedandinfullforceandeffect.

Thisrideristobeeffectivethellidayof@202_3.

Signed,sealedanddatedthis@dayofJ_ul_y,20$.

UnitedStatesFireInsuranceComan SurelyK
MD.arcia,Attomey-in-Fact

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Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.

StateofCalifornia )comm,ofLosAngeles )7 .JUL22023beforeme’SarahE.Campbell,NotaryPublicDate HereInsertNameandTitleoftheOf?cerPersonallyappearedD‘Garcia On
Name(s)of5igner(s)
whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(x)whosenamelxlis/Inxsubscribedtothewithininstrumentandacknowledgedtomethathe/she/tdxexexecutedthesameinbix/her/xheirauthorizedcapacity(iao<),andthatbyhjsiher/ttxxirsignature(x)ontheinstrumenttheperson(x),ortheentityuponbehalfofwhichtheperson(Is)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsofthe SARAHE.CAMPBELLNutawPublic~CaliforniaLosAngelesCounty2Commissionit2329262MyComm.ExpiresJun17,2024 PlaceNotarySealAbove
55iE.::l:iii6‘DZ‘S2»'7
Thoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages Signer(s)OtherThanNamedAboveCapacitylies)ClaimedbySigner(s)Signer'sName Signer'sNameDCorporateOfficer—Title(s)DCorporateOfficer—Title(s)DPartnerDLimitedDGeneralI]PartnerDLimitedDGeneralUIndividualDAttorneyinFact UIndividualDAttorneyinFactDTrusteeDGuardianorConservator|:|TrusteeDGuardianorConservatorDOther DOtherSignerisRepresenting SignerIsRepresenting

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POWEROFATTORNEYUNITEDSTATESFIREINSURANCECOMPANYPRINCIPALOFFICE-MORRISTOWN,NEWJERSEY KNOWALLMENBYTHESEPRESENTS:ThatUnitedStatesFireInsuranceCompany,acorporationdulyorganizedandexistingunderthelawsofthestateofDelaware,hasmade,constitutedandappointed,anddoesherebymake,constituteandappoint:JaninaMonroe;DennisLanger;JenniferOchs;AdrianaValenzuela;SarahCampbell;MarthaBarreras;MichelleHaas;CharlesR.TeterIll;TimothyNoonnn;IG)Wapnto;MarinaTnpia;EdwardC.Spector;D.Garcia;EthanSpector;B.Aleman;SimoneGerhard;ErinBrowneach,itstrueandlawfulAttomey(s)-In-I-‘act,with?illpowerandauthorityherebyconferredinitsname,placeandstead,toexecute,acknowledgeanddeliver:Anyandallbondsandundertakingsofsuretyandotherdocumentsthattheordinarycourseofsuretybusinessmayrequire,andtobindUnitedStatesFireInsuranceCompanytherebyasfullyandtothesameextentasifsuchbondsorundertakingshadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersofUnitedStatesFireInsuranceCompanyatitsprincipaloffice,inamountsorpenalties:OneHundredTwentyFiveMillionEightHundredThousandDollars($125,800,000) ThisPowerofAttorneylimitstheactofthosenamedthereintothebondsandundertakingsspeci?callynamedtherein,andtheyhavenoauthoritytobindUnitedStatesFireInsuranceCompanyexceptinthemannerandtotheextentthereinstated.

ThisPowerofAttomeyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttomeys-In-FactnamedaboveandexpiresonJanuary3],2023.

ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowinfullforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:

ArticleIV ,ExecutionofInstruments- ExceptastheBoardofDirectorsmayauthorizebyresolution,theChairmanoftheBoard,President,anyVice-President,anyAssistantVicePresident,theSecretary,oranyAssistantSecretaryshallhavepoweronbehalfoftheCorporation:
(attoexecute,affixthecorporatesealmanuallyorbyfacsimileto,acknowledge.verifyanddeliveranycontracts,obligations,instrumentsanddocumentswhatsoeverinconnectionwithitsbusinessincluding,withoutlimitingtheforegoing,anybonds,guarantees,undertakings,recognizances,powersofattorneyorrevocationsofanypowersofattorney,stipulations,policiesofinsurance,deeds,leases,mortgages,releases.satisfactionsandagencyagreements:(b)toappoint,inwriting.oneormorepersonsforanyorallofthepurposesmentionedintheprecedingparagraph(at,includingaf?xingthesealoftheCorporation.

ArticleIII,Officers,Section3.11,FacsimileSignatures.ThesignatureofanyofficerauthorizedbytheCorporationtosignanybonds,guarantees,undertakings,recognizances,stipulations.powersofattorneyorrevocationsofanypowersofattorneyandpoliciesofinsuranceissuedbytheCorporationmaybeprinted,facsimile,lithographedorotherwiseproduced.Inaddition.ifandasauthorizedbytheBoardofDirectors,dividendwarrantsorchecks,orothernumerousinstrumentssimilartooneanotherinform,maybesignedbythefacsimilesignatureorsignatures,lithographedorotherwiseproduced,ofsuchofficerorofficersoftheCorporationasfromtimetotimemaybeauthorizedtosignsuchinstrumentsonbehalfoftheCorporation.TheCorporationmaycontinuetouseforthepurposeshereinstatedthefacsimilesignatureofanypersonorpersonswhoshallhavebeensuchofficeroro?icersoftheCorporation,notwithstandingthefactthathemayhaveceasedtobesuchatthetimewhensuchinstrumentsshallbeissued.

INWITNESSWHEREOF.UnitedStatesFireInsuranceCompanyhascausedthesepresentstobesignedandattestedbyitsappropriateofficeranditscorporatesealhereuntoa?ixedthis28thdayofSeptember,2021.UNITEDSTATESFIREINSURANCECOMPANY "\“%i\*MatthewE.Lubin,PresidentStateorNewJersey}CountyofMorrisl Onthis28thdayofSeptember,2021.beforeme.aNotarypublicoftheStateofNewJersey,cametheabovenamedof?cerofUnitedStatesFireInsuranceCompany,tomepersonallyknowntobetheindividualandofficerdescribedherein,andacknowledgedthatheexecutedtheforegoinginstrumentandaffixedthesealofUnitedStatesFireInsuranceCompanytheretobytheauthorityofhiso?ice. /l’Vl¢.l.w:«“ii0iéucmasvMelissaH.D‘Alessio(NotaryPublic)I,theundersignedofficerofUnitedStatesFireInsuranceCompany,aDelawarecorporation,doherebycertifythattheoriginalPowerofAttorneyofwhichtheforegoingisafull,trueandcorrectcopyisstillinforceandeffectandhasnotbeenrevoked.

INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthecorporatesealofUnitedStatesFireInsuranceCompanyonthe dayof 20 JU7L22023 UNITEDsumsFIREINSURANCECOMPANY ‘Forveri?cationoftheauthenticityofthePowerofAttomcvpleasecontactPatTaberat860-956~34Z4oremail:SureInuiriesmamtamu.com

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UTHORITY ,
Saidpropertyisdescribedasfollows:TerraLagoT32341-8WaterImprovements uthorityOurResponsibility.RecordingRequestedBy:IndioWaterAuthorityWhenRecordedReturnToSabdiSanchez,CMCCityClerkAdministratorCityofIndio100CivicCenterMallIndio,California92201 (SpaceAbovethisLineforRecorder’sUse)GrantordeclaresthatthisBillofSaleisexemptfromRecordingFeespursuanttoCaliforniaGovernmentCodeSection6103.BillofSaleforWaterSystemsFacilitiesForgoodandvaluableconsideration,receiptofwhichisherebyacknowledged,theundersigneddoesherebytransferandconveytotheINDIOW ATERA aCaliforniaJointPowersAgencyorganizedundertheJointExerciseofPowersAct(commencingwithSection6500oftheCaliforniaGovernmentCode),anditssuccessorsandassigns,allright,title,andinterestinandtothewaterinstallation,includingpipelines,valves,serviceconnections,?rehydrants,meters,andotherappurtenancestosaidwaterinstallation,constructed,installed,andlocatedinthepropertydescribedbelowandfurtherwarrantsthatthesameisfreeandclearofanyencumbrances. (PleaseattachdetailedlegaldescriptionofpropertyandwaterfacilitiesbeingtransferredasExhibitA) Executedthis//?pdayofEékiéé,20CompanyorCorporation
Name:Ylliuze/"""¢Z:£
By:SteveScherbarth,AreaPresident(2[J1[JCorporateOf?cer/AuthorizedSignatory7Date Allsignaturesmustbenotarized

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_ _
Sinature
°§."S?;Z"nT§n5°°"?§"Z/?uirja,
mberofPages:

CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia }countyofRiversideon beforeme,AmvR.Williams.NotaryPublicDate HereInsertNameandTitleoftheOf?cerpersona?yappeafedSteveName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobethepersonls)whosenameis)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/her/theirauthorizedcapacity(ies),andthatbyhis/taerltheirsignature(s-)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthe: Nm‘,;‘:&”‘:'}:';};::rnialawsoftheStateofCaliforniathattheforegoing§ Riversidecounty2‘paragraphistrueandcorrect.Commission4?2301191MyComm.ExpiresAug12,1023WITNESSmyhandandofficialseal SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.Description 2‘ KTitleorType / /"DocumentDateSigner(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer'sName: Signer’sName:ElCorporateOf?cer— Tit|e(s):ElCorporateOfficer— Tit|e(s):ElPartner—ElLimitedElGeneralIIPartner—[3LimitedElGeneralElIndividualIIIAttorneyinFactElIndividualElAttorneyinFactElTrusteeElGuardianorConservatorElTrusteeElGuardianorConservatorElOther: ElOther:SignerisRepresenting:SignerisRepresenting:
©2019NationalNotaryAssociation
Nu

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INDIOW ATERAUTHORITY
05/23/2021.
343 05/23/2021
$77948.50 TerraLagoIndioLLC
BONDNU

ASPENAMERICANINSURANCECOMPANY
/2_ ,, I «Q//’/z/MM’§E5TTSADOWSKY ,SVP

UNITEDSTATESFIREINSURANCECOMPANY
,//./1,E/
'
-//tbfisui/IrSCOTTSADOWSKY ,SVP
CRUM8:.FOR
AspenAmericanInsuranceCompanyUnitedStatesFireInsuranceCompanyBONDCHANGERIDERAsofJuly15,2020,UnitedStatesFireInsuranceCompanyhasassumedthesuretyliabilityofAspenAmericanInsuranceCompany.TobeattachedtoandformpartofBondNumberSU75effectiveissuedbytheAspenAmericanInsuranceCompanyintheamountof onbehalf asPrincipal,andinfavorof asObligeezNOW,THEREFORE,itisagreedthatthe MBERhasbeenCHANGED:FROM:SU34375TO:612406846NOW,THEREFORE,itisagreedthattheSURETYCOMPANYhasbeenCHANGEDFROM:AspenAmericanInsuranceCompanyTO:UnitedStatesFireInsuranceCompany Itisfurtherunderstoodandagreedthatallothertermsandconditionsofthisbondshallremainunchangedandinfullforceandeffect.

Thisrideristobeeffective05/23/2021iSigned,sealedanddated ,Surety
,Surety

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CRUM8:FORSTASPEN
CLAIMSCONTACTINFORMATION:UnitedStatesFireInsuranceCompany305MadisonAvenue' Morristown,NJ07960Emailcrumandforsterno|@cfins.comPhonenumber1-800-690-5520 UNITESSTATESFIREINSURANCECOMPANYTreasuryUNDERWRITINGLIMITATION:$125,885,000AMBestRating:AXIIIS&PRating:A- ForinquiriesregardingthisRider,pleasecontactLauriArnettat(281)602-5380oremail

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FourHundredSeventySevenThousandNineHundredFortyEightand50/100 EXECUTEDINDUPLICATEterAuthorityYourWater.OurResponsibility.

BondNo.SU34375PERFORMANCEBONDKNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:Tract32341-8WaterSystemImprovements WHEREAS,PrincipalisrequiredunderthetermsoftheContractto?leagoodandsuf?cientperformancebondwiththePublicAgencyforthefaithfulperformanceoftheContract.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany,175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyinthepenalsumofDollars($477948.50)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,shallinallthingsstandtoandabideby,andwellandtrulykeepandperformalltheundertakings,terms,covenants,conditionsandprovisionsintheContractandanyalterationthereofmadeasthereinprovided,onthePrincipal'sparttobekeptandperformed,allwithinthetimeandinthemannerthereinspeci?ed,andinallrespectsaccordingtotheirtrueintentandmeaning,andshallindemnifyandholdharmlessthePublicAgency,itsof?cers,agents,employees,andothersasthereinprovided,thenthisobligationshallbecomenullandvoid;otherwise,itshallbeandremaininfullforceandeffect.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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400ExchangeSuite200
terAuthorityYourWater.OurResponsibility.

FURTHER,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.TheCityistheprincipalbene?ciaryofthisbondandhasallrightsofapartyhereto.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:May23,2018“Principal” “Surety”TerraLagoIndio.LLC 175CapitalBlvdmsyiIrvine,CA92602 RnclcvHillCT By: , By:JDUChristineMarotta,ItsAttomey-in-FactBy: By:Its Its (Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney—in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscerti?cateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyof ORANGE\ JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)On beforeme, personallyappearedwhoprovedtomeonthebasisofsatisfactoryencetobetheperson(s)whosename(B)is/a-Lesubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her/th‘eirauthorizedcapacity(tss),andthatbyhis/her/theirsignaturets.)ontheinstrumentthepersonfs),ortheentityuponbehalfofwhichtheperson©‘acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect. J.TRUDEAUWITNESSmyhandandofficialseal "°‘°'vP~b'ic-CaliforniaWCO14553Comm.ExpiresOct14.2021 Signature (Seal)

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AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 158 of 959 0,, MAY232013,beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedCl'_1[isti1_1eMarottatomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttomey-in-FactofAspenAmericanInsuranceCompany,acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaffixedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbyhervoluntarilyexecuted.

ILLINOIS
ACKNOWLEDGMENT0FSURETY

STATEOFILLINOISCOUNTYOFCOOK
INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaffixedmyof?cialsealthedayandyearfirstabovewritten.

Notary(SEAL) COOK

Page 18 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 159 of 959 STATEOFCONNECTICUTSS.ROCKYHILLCOUNTYOFHARTFORD
/é/Va6’-//aéaz.
an?!{atL0**’3Z"z
’(('gg'ZI'x(u‘0u/F
ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalof?cesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?nned.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandetfect;VOTED:AllExecutiveO?icersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveO?cersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Theforegoingauthorityforcertainclassesofo?cersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttorneytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingaswellastorevokeanysuchPowerofAttorney,isherebygrantedspeci?callytothefollowingindividualo?icersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttomeyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereof,andanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catebearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaf?xedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompany ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thatthesea]a?xedtothesaidinstrumentissuchcorporateseal;andthathejsheexecutedthesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof.

NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttomeyremainsinfullforceandhasnotbeenrevoked;andfurthermore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremainin?tllforceandeffect. dayofM23GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,this By: Name:ScottSadowsky,SeniorVicePresidentForveri?cationoftheauthenticityofthePowerofAttorneyyoumaycall(860)760-7728foremail:[email protected]§ruau:-,wear:3:7—°\f‘§’:\C“

Page 19 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 160 of 959 Id'W5:42,,a
SeventySevenThousandNineHundredForwEizhland50/100
EXECUTEDINDUPLICATEterAuthorityYourWater.OurResponsibility.

BondNo.SU34375PAYMENTBOND(LABORANDMATERIALS)KNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndieWaterAuthority(“PublicAgency”),hasawardedtoTerraLago,Indio,LLC;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:Tract32341-8WaterSystemImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractandtheCaliforniaCivilCodeto?leagoodandsuf?cientpaymentbondwiththePublicAgencytosecurethepaymentofclaimsoflaborers,mechanics,materialpersons,andotherpersonsasprovidedbylaw.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompanyO\IameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyandallsubcontractors,laborers,materialpersons,andotherpersonsemployedintheperformanceoftheContractinthepenalsumofFourHundredDollars($477948.50)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,Webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,orsubcontractorsshallfailtopayanyofthepersonsnamedinSection3181oftheCaliforniaCivilCode,oranyamountsdueundertheUnemploymentInsuranceCodewithrespecttoworkorlaborperformedundertheContract,orforanyamountsrequiredtobededucted,withheld,andpaidovertotheEmploymentDevelopmentDepartmentfromthewagesofemployeesofthePrincipalandsubcontractorspursuanttoSection13020oftheUnemploymentInsuranceCode,withrespecttoworkorlaborperformedundertheContract,theSuretywillpayforthesameinanamountnotexceedingthePenalSumspeci?edinthisbond;otherwise,thisobligationshallbecomenullandvoid.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

Page 20 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 161 of 959 |nd'oWterA(<#))Ynurwakr.

TerraLagoIndie,LLC AsenAmericanInsuranceComan
C/weGlzmzzéls‘
uthorityOurResponsibility.

Thisbondshallinuretothebene?tofanyofthepersonsnamedinSection3181oftheCaliforniaCivilCodesoastogivearightofactiontosuchpersonsortheirassignsinanysuitbroughtuponthebond.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.Further,theSurety,forValuereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,addition,ormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:May23,2018“Principal” “Surety” 400Exchange.Suite 175CapitalBlvd..Suite100Irvine.CA92602 RockyHill.CT06067 By: By:ChristineMarotta,ItsAttomey-in-FactBy: By:Its Its (Seal) (Seal)
Note:Thisbandmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

Page 21 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 162 of 959 omngecoumyCommissionI221455!MyComm.b(piles0<l14,2D2l

ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvaliditvofthatdocument.StateofCaliforniaCountyof ORANGE) JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)On beforeme, personallyappearedwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson('s-)whosename(3)is/aresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her=£th‘eirauthorizedcapacity-(-ies),andthatbyhis/her/theirsignatureéa)ontheinstrumenttheperson(9),ortheentityuponbehalfofwhichtheperson(s)-acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal ~o,a,y’§,E';},’c[’_Eé;’“fornlaSignature (Seal) uooonm-mu)

Page 22 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 163 of 959 On MAY23 beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedQhfstineMarottatomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttomey-in-FactofAsanAmericanInsuranceComan acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaffixedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationby,h_ervoluntarilyexecuted.

QOOK ILLINOIS

ACKNOWLEDGMENTOFSURETY

STATEOFILLINOISCOUNTYOFCOOK
INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaffixedmyofficialsealthedayandyearfirstabovewritten.

Notary(SEAL) Countv.

Page 23 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 164 of 959 STATEOFCONNECTICUTss.ROCKYHILL ,f ,{uR0w\T?COUNTYOFHARTFORD /é?/w47%;»/L.

ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfrillyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?rmed.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveO?cersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveOt?cersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Theforegoingauthorityforcertainclassesofof?cersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttorneytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttorney,isherebygrantedspeci?callytothefollowingindividualo?icersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheO?icersidentifiedbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereof,andanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaf?xedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompany ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulyswom,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thattheseala?ixedtothesaidinstrumentissuchcorporateseal;andthathe/sheexecutedthesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herof?ceundertheaboveResolutionsthereof.

NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttorneyremainsinfullforceandhasnotbeenrevoked;andfurthennore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceandeffect. dayof 23GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,this By: Name:ScottSadowsky,SeniorVicePresidentForveri?cationoftheauthenticityofthePowerofAttomeyyoumaycall(860)760-7728foremail:[email protected]

Page 24 of 24 ends

AGENDA ITEM #8.8
Authorize the full release of the performance and payment bond and accep... Page 165 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Authorize the full release of the performance and payment bond and accept the Bill of Sale and Maintenance bond in the amount of $35,628.00 from Terra Lago Indio, LLC for the K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-9

RECOMMENDATION:

That the City Council / Indio Water Authority Board: 1) exonerate the performance and payment bonds (Original No. SU34376, $356,282.50) from Terra Lago Indio LLC for water improvements within Tract 32341-9, 2) and accept the Bill of Sale and Maintenance bond (No. 612418013, $35,628.00) to be released on August 19, 2024 after the one-year warranty period.

SUMMARY:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-9 is a single-family subdivision located northeast of the intersection of Avenue 44 and Terra Lago Parkway. Onsite water improvements for Tract No. 32341-9 Terra Lago are complete. All required submittals to the Indio Water Authority (IWA) are complete per the approved plans and water agreement. The developer, Terra Lago Indio LLC, is requesting the release of the performance and payment bonds. The Developer submitted a Bill of Sale and a Maintenance bond.

BACKGROUND INFORMATION:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-9 is a single-family subdivision located northeast of the intersection of Avenue 44 and Terra Lago Parkway. On July 18, 2018 the IWA approved a water improvement bond with Terra Lago Indio LLC totaling $356,282.50 for the required water improvements within Tract 32341 -9. The water improvements are completed to IWA’s satisfaction. the is LLC) Indio, Lago, requesting bondholder improvement water The (Terra exoneration of the original bond (Bond No. SU34376) and its replacement with a Maintenance bond (Bond No. 612418013). The Maintenance bond is set to expire following the completion of the one - year warranty period. The Maintenance bond guarantees the developer will fix defective work or material should an issue arise during the warranty period.

The water improvements constructed and being transferred by the Bill of Sale include 1,070 linear feet of 12-inch ductile iron pipeline, 601 linear feet of 8-inch ductile iron pipeline, four (4) fire hydrants, forty-three 1 (43) -service and connections, inch forty -¾ (43) three - meters. water inch The improvements will serve forty-three (43) single-family residential lots in Tract No. 32341-9.

AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 166 of 959 Staff recommends that the Indio Wa ter Authority Board and City Council accept the water improvements, exonerate the original performance bonds, and allow full exoneration of the Maintenance Bond on August 16, 2024 after the one -year warranty period has elapsed. With the acceptance of the Bill of Sale, the completed water improvements within Tract Map No. 32341 -9 will be conveyed to the IWA and recorded by the County of Riverside Recorder’s Office

FINANCIAL SUMMARY:

Current FY Financial
Impact:

N/A In current year budget: N/A
Current FY General
Fund Impact:

N/A Budget adjustment: N/A
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: N/A Fund-Org-Object
Reference:

N/A

Additional Financial Details:

There is no cost or fiscal impact associated with this action.

ATTACHMENTS:

Attachment 1 - Maintenance Bond Tract No. 32341-9
Attachment 2 - Bill of Sale Tract No. 32341-9
Attachment 3 - Performance and Payment Bond Tract No. 32341-9

APPROVAL(S):

Page 2 of 22 ends

AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 167 of 959 TerraLggoIndio,LLC,1260CoronaPointsCourt
UnitedStatesFireInsuranceComnanv hWackerDriveSuite2180Chicago.IL60606 aIndioWaterAuthoritv100CivicCenterMallIndio.CA92203 35628.00
TractNo.32341-9WaterSvstemImgov
June2I,2024
June212024
TerraLa0IndiaLLC
By:<*~
' Lu.~.«$»Z4?z/r.5aAaL‘zmcsm.,Zai?aa/aé4f
UnitedStatesFirInsuranceCornan
i .Garcia,Attorney-in
UNITEDSTATESFIREDISURANCECOlV[PANY
MAINTENANCEBONDBondNo.612418013KNOWALLMENBYTHESEPRESENTS,ThatWe,Suite301.Corona.CA92879asPrincipal,and avinganofficeat1SouthsSurety,areheldand?rmlybounduntoasObligee,inthepenalsumofThirtv-FiveThousandSixHundredTwentv-Eightand00/100($ DollarslawfulmoneyoftheUnitedStatesofAmericathePrincipalandSuretybindthemselves,theirheirs,executors,administrators,successorsandassigns,jointlyandseverally?nnlybythesepresents.SIGNED,SEALEDANDDATEDthisMdayof?ne2023.WHEREASthePrincipalhascompletedandwhereas,theObligeerequiresamaintenanceguaranteefortheperiodexpiringNOWTHEREFORE,THECONDITIONOFTHISOBLIGATIONISSUCH,thatifthePrincipalathisowncostandexpensereplacesorrepairsanyoftheabovedescribedworks,whichshallbecomedefectivebecauseofeithermaterialorworkmanshipnotmeetingrequirementsofthespeci?cationsunderwhichtheworkwasdoneduringtheperiodthrough,thenthisobligationshallbenullandV oid,otherwisetoremaininfullforceandeffect.

Witness
Gerhard D
fQ1‘_1’161‘ltS,
Principal
Surety

Page 3 of 22 ends

AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 168 of 959 UN252023
)
)
EElElEl
CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.stateofCaliforniaCountyofLosAngelesonJ SarahE.Campbell,NotaryPublicbeforeme,Date HereInsertNameandTitleoftheOfficerPersonallyappearedD‘Garcia Name(s)of$igner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(x)whosename(s<)is/amsubscribedtothewithininstrumentandacknowledgedtomethathe/she/tclxaxexecutedthesameinybix/her/xlueierauthorizedcapacity()'els<),andthatbylu)'s¢her/ildxexilrsignature(x)ontheinstrumenttheperson(>s),ortheentityuponbehalfofwhichtheperson(X)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSn IsealSARAHE.cAMl>l3tLL_NotaryPublic-CaliforniaLosAngelesCounty _Commission#2329262SignatureC°‘“"“'ExpiresJun27’2024 NotaryPublic PlaceNotarySealAboveOPTIONAL------------------------------------------------------------------ Thoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages Signer(s)OtherThanNamedAboveCapacity(ies)ClaimedbySigner(s)Signer'sName Signer'sNameECorporateOfficer—Title(s)DCorporateOfficer—Tit|e(s)EPartnerE]LimitedGeneralPartnerLimitedGeneral[:3individualE]AttorneyinFact IndividualDAttorneyinFactE]TrusteeGuardianorConservatorTrusteeEGuardianorConservatorOther OtherSignerlsRepresentingSignerlsRepresenting

Page 4 of 22 ends

AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 169 of 959 ConIn|nbnII01
aulherlliciry Attorney,please
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/M44457
Surctvlnquiries?amvnmszrnuncom
POWEROFATTORNEYUNITEDSTATESFIREINSURANCECOMPANYPRINCIPALOFFICE-MORRISTOWN,NEWJERSEYKNOWALLMENBYTHESEPRESENTS:ThatUnitedStatesFireInsuranceCompany,acorporationdulyorganizedandexistingunderthelawsofthestateofDelaware,hasmade,constitutedandappointed,anddoesherebyma.ke,constituteandappoint:JaninaMonroe;JenniferOchs;SarahCampbell;MarthaBarreras;MichelleHaas;CharlesR.TeterIII;TimothyNoonan;KDWapato;MarinaTapia;EdwardC.Spector;D.Garcia;EthanSpector;B.Aleman;SimoneGerhard;ErinBrown;RachelA.Mulleneach,itstrueandlaw?1lAttorney(s)—In—Fact,withfullpowerandauthorityherebyconferredinitsname,placeandstead,toexecute,acknowledgeanddeliver:Anyandallbondsandundertakingsofsuretyandotherdocumentsthattheordinarycourseofsuretybusinessmayrequire,andtobindUnitedStatesFireInsuranceCompanytherebyasfullyandtothesameextentasifsuchbondsorundertakingshadbeendulyexecutedandacknowledgedbytheregularlyelectedof?cersofUnitedStatesFireInsuranceCompanyatitsprincipaloffice,inamountsorpenalties:OneHundredTwentyFiveMillionEightHundredThousandDollars($125,800,000)ThisPowerofAttorneylimitstheactofthosenamedthereintothebondsandundertakingsspeci?callynamedtherein,andtheyhavenoauthoritytobindUnitedStatesFireInsuranceCompanyexceptinthemannerandtotheextentthereinstated.ThisPowerofAttorneyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttorneys-In-Factnamedabove.ThisPowerofAtton1eyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowin?tllforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:ArticleIV ,ExecutionofInstruments-ExceptastheBoardofDirectorsmayauthorizebyresolution,theChairmanoftheBoard,President,anyVice-President,anyAssistantVicePresident,theSecretary,oranyAssistantSecretaryshallhavepoweronbehalfoftheCorporation:(a)toexecute,affixthecorporatesealmanuallyorbyfacsimileto,acknowledge,verifyanddeliveranycontracts,obligations,instrumentsanddocumentswhatsoeverinconnectionwithitsbusinessincluding,withoutlimitingtheforegoing,anybonds,guarantees,undertakings,recognizances,powersofattorneyorrevocationsofanypowersofattorney,stipulations,policiesofinsurance,deeds,leases,mortgages,releases,satisfactionsandagencyagreements;(b)toappoint,inwriting,oneormorepersonsforanyorallofthepurposesmentionedintheprecedingparagraph(a),includingaf?xingthesealoftheCorporation.ArticleIII,Of?cers,Section3.11,FacsimileSignatures.Thesignatureofanyof?cerauthorizedbytheCorporationtosignanybonds,guarantees,undertakings,reoognizances,stipulations,powersofattorneyorrevocationsofanypowersofattorneyandpoliciesofinsuranceissuedbytheCorporationmaybeprinted,facsimile,lithographedorotherwiseproduced.Inaddition,ifandasauthorizedbytheBoardofDirectors,dividendwarrantsorchecks,orothernumerousinstrumentssimilartooneanotherinform,maybesignedbythefacsimilesignatureorsignatures,lithographedorotherwiseproduced,ofsuchof?cerorofficersoftheCorporationasfromtimetotimemaybeauthorizedtosignsuchinstrumentsonbehalfoftheCorporation.TheCorporationmaycontinuetouseforthepurposeshereinstatedthefacsimilesignatureofanypersonorpersonswhoshallhavebeensuchof?cerorofficersoftheCorporation,notwithstandingthefactthathemayhaveceasedtobesuchatthetimewhensuchinstrumentsshallbeissued.he‘inns-tiand9-,=._-.....-..- U)
5-gtdbu'_gannrnnl-lam94:951_-nd._ _,- ..rr-.,r.....-.- _...WVVITNESSWHEREOFUnitedStatesFireInsurance(‘nmnanvl1._.scaused._..-es:p-esentstitscorporateseall-re-1'e‘u‘r-'It‘o'affixedthis28thdayofSeptembé:-£()3‘I.

H T

UNITEDSTATESFIREINSURANCECOMPANY
CiMatthewE.Lubin,PresidentStateofNewJersey}CountyofMorris}Onthis28thdayofSeptember,2021,beforeme,aNotarypublicoftheStateofNewJersey,cametheabovenamedof?cerofUnitedStatesFireInsuranceCompany,tomepersonallyknowntobetheindividua.landof?cerdescribedherein,andacknowledgedthatheexecutedtheforegoinginstrumentandaffixedthesealofUnitedStatesFireInsuranceCompanytheretobytheauthorityofhisoffice.MELISSA!-LD'ALE88|ONOTARYPUBIJCOFNEVLHEYW /rn,xm«.440‘é1aw«isvMelissaH.D’Alessio(NotaryPublic)1,theundersignedofficerofUnitedStatesFireInsuranceCompany,aDelawarecorporation,doherebycertifythattheoriginalPowerofAttorneyofwhichtheforegoingisafull,trueandcorrectcopyisstillinforceandeffectandhasnotbeenrevoked.INWITNESSWHEREOF,Ihavehereuntosetmyhandanda?ixedthecorporatesealofUnitedStatesFireInsuranceCompanyonthedayof 20 28 UNITEDSTATESFIREINSURANCECOMPANY MichaelC.Fay,SeniorVicePresident*Forveri?cationofthe oftheof contact

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 170 of 959 AmyR.Williams,NotawPublic
ignature
Documeg:14E:

CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniacountyofRiversideOn beforeme,HereInsertNameand77tleoftheOfficerpersona?yappearedSteveName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenamels)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/her/theirauthorizedcapaclty(ies),andthatbyhis/herltheirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted.executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthemyR,wn_uAM5lawsoftheStateofCaliforniathattheforegoingNOWVPublic-Californiaparagraphistrueandcorrect.RiversideCountyc°m""55'°"#230119‘WITNESSmyhandandofficialseal.MyComm.ExpiresAug12,2023 SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinfonnationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedTitleorTypeofDocument:DocumentDate: NumberofPages:Signer(s)OtherThanNamedAbove:Capaclty(ies)ClaimedbySigner(s)Signer'sName: Signer'sName:ElCorporateOf?cer— Title(s):I:ICorporateOfficer— Title(s):ElPartner—ElLimitedDGeneralElPartner—ElLimitedElGeneralElIndividualElAttorneyinFactElIndividualElAttorneyinFactElTrusteeinGuardianorConservatorElTrusteeElGuardianorConservatorDOther: ElOther:SignerisRepresenting:SignerisRepresenting:
©2019NationalNotaryAssociation
Date

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 171 of 959 UnitedStatesFireInsuranceCompany

GENERALPURPOSERIDER
TobeattachedtoandformpartofBondNumber612418013effectiveJune212023issuedbytheUntedStatesFireInsuranceCompanyintheamountofThi-FiveThousandSixHundredTwe-EihtandW100Doilars($35.628.00)onbehalfTerraLagoIndie.LLCasPrincipal.andinfavorofindieWaterix asObligee:

NOWTherefore,itisagreedthattheMaintenanceExpirationhasbeenamended:

Thisrideristobeeffectivethe27ida}'01%ZOE.

Signed.sealedanddatedthisIiidayof?y,20E.

UnitedStatesFireInsuranceComan
D.Garcia,Attomey-in-Fact

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 172 of 959 CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.

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AGENDA ITEM #8.9
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ThisPowerofAttomeyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttomeys-In-FactnamedaboveandexpiresonJanuary3],2023.

ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowinfullforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 174 of 959 lndioWaterAuthority<< >) VuurWzmr.OurRaaponxlbillxy.

INDIOW ATERAUTHORITY
Scherbarth, J/
RecordingRequestedBy:IndioWaterAuthorityWhenRecordedReturnTo:SabdiSanchez,CMCCityClerkAdministratorCityofIndio100CivicCenterMallIndio,California92201 (SpaceAbovethisLineforRecorder’sUse)GrantordeclaresthatthisBillofSaleisexemptfromRecordingFeespursuanttoCaliforniaGovernmentCodeSection6103.BillofSaleforWaterSystemsFacilitiesForgoodandvaluableconsideration,receiptofwhichisherebyacknowledged,theundersigneddoesherebytransferandconveytothe ,aCaliforniaJointPowersAgencyorganizedundertheJointExerciseofPowersAct(commencingwithSection6500oftheCaliforniaGovernmentCode),anditssuccessorsandassigns,allright,title,andinterestmandtothewaterinstallation,includingpipelines,Valves,serviceconnections,?rehydrants,meters,andotherappurtenancestosaidwaterinstallation,constructed,installed,andlocatedinthepropertydescribedbelowandfurtherwarrantsthatthesameisfreeandclearofanyencumbrances.

Name:

BySteveAreaPresidentCorporateOf?cer/AuthorizedSignatoryDate Allsignaturesmustbenotarized
Saidpropertyisdescribedasfollows:(PleaseattachdetailedlegaldescriptionofpropertyandwaterfacilitiesbeingtransferredasExhibitA)94ExecutedthisA}/dayofW(,20CompanyorCorporation TerraLagoT32341-9WaterImprovements

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 175 of 959 IndioWaterAuthorityBillofSaleforWaterSystemFacilities"EXHIBITA” INTHECITYOFINJIO,COUNTYOFRIVERSIDE,STATEOFCALIFORNIA.TRACTNO.32341-9SIMASEIVISIWU’APGTTIW13''LOT'CC'(I7 TRACTMAPPD.32341-1WFI|£INmm414.FA86 95.IINIILUSIVE.AM)APIRTIINOFLOT‘H’G-'TRACTM).32341-7(NFILEINKKK458.PA11 14.IMJLUSIVE,G’MAPSINTl-EWFIGG’Ti-EOGNTYG-'CU.N'|'Y .AN)ElmLOCATEDINsectionT.55..R.8E..S.B.Il.

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 176 of 959 tachedocumen
ignature
curnené2Z 2 E
CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia }countyofRiversideOnl-//M’/ZL)//)5beforeme,AmvR.WilliamsNotarvPublicDate HereInsertNameandTitleoftheOf?cerpersonanyappearedSteveScherbarthName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenameés)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/herltheirauthorizedcapacity?es),andthatbyhis/herlt-heirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichthepersonés)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingmy,1.w"_um5 paragraphistrueandcorrect.- NotaryPublic-California,3: RiversideCounty WITNESSmyhandandofficialseal.Commission#2301191MyComm.ExpiresAug12,2023 SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAt DoTitleorTypeofD t: ’fDocumentDate: ? NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName: Signer’sName:ElCorporateOf?cer— Title(s):ElCorporateOfficer— Title(s):ElPartner—ElLimitedDGeneral[IPartner—ElLimitedDGeneralElindividual[IAttorneyinFactElIndividual|:AttorneyinFactElTrusteeElGuardianorConservatorElTrusteeElGuardianorConservatorElOther: ElOther:SignerisRepresenting:SignerisRepresenting ©2019NationalNotaryAssociation
zzi

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 177 of 959 ThreeHundredFi?ySixThousandTwoHundredEightyTwoand50/100 EXECUTEDINDUPLICATEterAuthorityYourWater:OurResponsibility.

BondNo.SU34376PERFORMANCEBONDKNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:Tract32341-9WaterSystemImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractto?leagoodandsuf?cientperformancebondwiththePublicAgencyforthefaithfulperformanceoftheContract.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany,175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyinthepenalsumofDollars($356282.50)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,shallinallthingsstandtoandabideby,andwellandtrulykeepandperformalltheundertakings,terms,covenants,conditionsandprovisionsintheContractandanyalterationthereofmadeasthereinprovided,onthePrincipal'sparttobekeptandperformed,allwithinthetimeandinthemannerthereinspeci?ed,andinallrespectsaccordingtotheirtrueintentandmeaning,andshallindemnifyandholdharmlessthePublicAgency,itsof?cers,agents,employees,andothersasthereinprovided,thenthisobligationshallbecomenullandvoid;otherwise,itshallbeandremaininfullforceandeffect.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 178 of 959 Id‘w2.3»3
TerraLegoIndia,LLC AsenAmericanInsuranceComan
... _,,te 175CaitalBlvd.Suite100
RockHillCT06067
£/k g?é2;Zxg/5)_(I/</C"Z§éItsi
terAuthorityYourwater.OurResponsibility.

FURTHER,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.TheCityistheprincipalbene?ciaryofthisbondandhasallrightsofapartyhereto.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:May23,2018“Principal” “Surety” 400Exchange.Sui200Irvine.CA92602
By‘ ]\)?)z%l¢1.!(Cl/By‘ChristineMarotta,ItsAttorney-in-FactBy: By:Its Its (Seal) (Seal)
Note:Thisbandmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.9
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ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvaliditvofthatdocument.StateofCaliforniaCountyof ORANGE) JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)On beforeme, personallyappeared U-TA’?-Dwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(-3»)whosename('s)isTaresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her/theirauthorizedcapacity(fes),andthatbyhis/he:/theirsignature(3)ontheinstrumenttheperson'(‘s},ortheentityuponbehalfofwhichtheperson(§7~acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal
Signature (Seal)

UDUCNASUODOD
J.TRUDEAUNotaryPublic-CaliforniaWCo 14553Comm.ExpiresOct

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 180 of 959 On MAY23 ,beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedChristneMarogtgtomepersonallyknown,who,bemgbymedulysworn,didstatethathe/she1sAttorney-in-FactofAsanAmericanInsuranceComan acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaffixedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbyEvoluntarilyexecuted.

COOKCountv, INOIS

STATEOFILLINOISCOUNTYOFCOOK
yearfirstabovewritten.
(SEAL)

ACKNOWLEDGMENTOFSURETY
Notary
.ILI

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 181 of 959 STATEOFCONNECTICUTSS.ROCKY)-[I'LL ’{COUNTYOFHARTFORD
/Wam“.

ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttorney(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?rmed.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveOfficersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompanysnameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveO?icersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:TheforegoingauthorityforcertainclassesofofficersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttomeytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttorney,isherebygrantedspeci?callytothefollowingindividualof?cersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybeaffixedbyfacsimiletoanyPowerofAttomeyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereofandanyandallconsentsincidentthereto,andanysuchPowerofAttomeyorcerti?catebearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompany ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thatthesealaffixedtothesaidinstrumentissuchcorporateseal;andthathdsheexecutedthesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herof?ceundertheaboveResolutionsthereof.

NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttorneyremainsinfullforceandhasnotbeenrevoked;andfurthermore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceandeffect. dayof 23GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,this By: Name:ScottSadowsky,SeniorVicePresidentForveri?cationoftheauthenticityofthePowerofAttorneyyoumaycall(860)760-7728foremail:[email protected] INN0 IBBHYZ

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 182 of 959 Fi?ySixThousandTwoHundredEightyTwoand50/100
EXECUTEDINDUPLICATEterAuthorityYourWater.OurResponsibility.

BondNo.SU34376PAYMENTBOND(LABORANDMATERIALS)KNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLago,Indio,LLC;400Exchange,Suite200,Irvine,CA92602O\IameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:Tract32341-9WaterSystemImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractandtheCaliforniaCivilCodeto?leagoodandsuf?cientpaymentbondwiththePublicAgencytosecurethepaymentofclaimsoflaborers,mechanics,materialpersons,andotherpersonsasprovidedbylaw.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyandallsubcontractors,laborers,materialpersons,andotherpersonsemployedintheperformanceoftheContractinthepenalsumofThreeHundredDollars($356282.50)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,orsubcontractorsshallfailtopayanyofthepersonsnamedinSection3181oftheCaliforniaCivilCode,oranyamountsdueundertheUnemploymentInsuranceCodewithrespecttoworkorlaborperformedundertheContract,orforanyamountsrequiredtobededucted,withheld,andpaidovertotheEmploymentDevelopmentDepartmentfromthewagesofemployeesofthePrincipalandsubcontractorspursuanttoSection13020oftheUnemploymentInsuranceCode,withrespecttoworkorlaborperformedundertheContract,theSuretywillpayforthesameinanamountnotexceedingthePenalSumspeci?edinthisbond;otherwise,thisobligationshallbecomenullandvoid.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 183 of 959 Id‘w(32,,3
AsanAmericanInsuranceComan
175CaitalBlvd.Suitel0ORockHillCT06067
terAuthorityYourWater.OurResponsibility.

Thisbondshallinuretothebene?tofanyofthepersonsnamedinSection3181oftheCaliforniaCivilCodesoastogivearightofactiontosuchpersonsortheirassignsinanysuitbroughtuponthebond.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.Further,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,addition,ormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:May23,2018“Principal” “Surety”TerraLagoIndio.LLC 400Exchange.Suite200Irvine.CA92602
By: ,1:?By:‘K ChristineMarotta,ItsAttomey—in-FactBy: By:Its Its (Seal) (Seal)
Note:Thisbandmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney—in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 184 of 959

ACKNOWLEDGMENT
08 Anotarypublicorotherof?cercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyof ORANGEl JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)On beforeme, personallyappearedwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson'('s)whosename(i)is/aresubscribedtothewithininstrumentandacknowledgedtomethathe/sl-reltheyexecutedthesameinhis/he~r1th‘eirauthorizedcapacity(les),andthatbyhis/her/theirsignature(s;.ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichthepersona;acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal.

Signature (Seal)
J.TRUDEAUNotaryPublic-CaliforniaOrangeCountyCommissionat2214553MyComm.ExpiresOct14,202

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 185 of 959 0,, MAY232018,beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedChgis?geMarottstomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttorney-in—I-‘actofAsenAmericanInsuranceComan acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaffixedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbyEvoluntarilyexecuted.

M119-/\ea~/
, , ILLINOIS

ACKNOWLEDGMENTOFSURETY

STATEOFILLINOISCOUNTYOFCOOK
INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaffixedmyof?cialsealthedayandyearfirstabovewritten.

Notary(SEAL) COOKCountv.

Page 21 of 22 ends

AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 186 of 959 STATEOFCONNECTICUTss.ROCKYI-1'l'LL ,{COUNTYOFHARTFORD
//&'5£/‘??7¢éM_
ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandconfirmed.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveO?ioersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveOfficersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Theforegoingauthorityforcertainclassesofo?icersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttorneytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttorney,isherebygrantedspeci?callytothefollowingindividualo?icersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybeaf?xedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereofandanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaf?xedthis28thdayofFebruary,2014. AspenAmericanhrsuranceCompany ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thatthesealaffixedtothesaidinstmmentissuchcorporateseal;andthathe/sheexecutedthesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof.

NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttorneyremainsinfullforceandhasnotbeenrevoked;andfurthermore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremainin?liiforceandeffect. 23GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,thisdayof By: Name:ScottSadowsky,SeniorVicePresidentForverificationoftheauthenticityofthePowerofAttorneyyoumaycall(860)760-7728foremail:Patricia,[email protected]

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AGENDA ITEM #8.9
Authorize the full release of the performance and payment bond and accep... Page 187 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Authorize the full release of the performance and payment bond and accept the Bill of Sale and Maintenance bond in the amount of $20,322.00 from Terra Lago, Indio, LLC, for the K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-11

RECOMMENDATION:

That the City Council / Indio Water Authority Board: 1) exonerate the performance and payment bonds (Original No. SU34401, Bond Change Rider No. 612406871, $203,228.45) from Terra Lago Indio LLC for water improvements within Tract 32341-11, 2) and accept the Bill of Sale and Maintenance bond (No. 612418014, $20,322.00) to be released on August 19, 2024 after the one-year warranty period.

SUMMARY:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-11 is a single-family subdivision located northeast of the intersection of Avenue 44 and Terra Lago Parkway. Onsite water improvements for Tract No. 32341 -11 Terra Lago are complete. All required su bmittals to the Indio Water Authority (IWA) are complete per the approved plans and water agreement. The developer, Terra Lago Indio LLC, is requesting the release of the performance and payment bond. The Developer submitted a Bill of Sale and a Maintenance bond.

BACKGROUND INFORMATION:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-11 is a single-family subdivision located northeast of the intersection of Avenue 44 and Terra Lago Parkway. On February 6, 2019 the IWA approved a water improvement bond with Terra Lago, Indio, LLC totaling $203,228.45 for the required water improvements within Tract 32341 -11. The water improvements are completed to IWA’s satisfaction. the requesting is LLC) Indio, bondholder (Terra improvement water The Lago, exoneration of the original bond (Original No. SU34401, Bond Change Rider No. 612406871) and its replacement with a Maintenance bond (Bond No. 612418014). The Maintenance bond is set to expire following the completion of the one -year warranty period. The Maint enance bond guarantees the developer will fix defective work or material should an issue arise during the warranty period.

The water improvements constructed and being transferred by the Bill of Sale include 980 linear feet of 8-inch ductile iron pipeli ne, two (2) fire hydrants, thirty (30) 1 -inch service connections, and thirty (30) ¾-inch water meters. The improvements will serve thirty (30) single -family residential lots within Tract No. 32341-11.

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 188 of 959 Staff recommends that the Indio Water Authority Boar d and City Council accept the water improvements, exonerate the original performance bonds, and allow full exoneration of the Maintenance Bond on August 16, 2024 after the one -year warranty period has elapsed. With the acceptance of the Bill of Sale, the completed water improvements within Tract Map No. 32341-11 will be conveyed to the IWA and recorded by the County of Riverside Recorder’s Office.

FINANCIAL SUMMARY:

Current FY Financial
Impact:

N/A In current year budget: N/A
Current FY General
Fund Impact:

N/A Budget adjustment: N/A
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: N/A Fund-Org-Object
Reference:

Additional Financial Details:

There is no cost or fiscal impact associated with this action.

ATTACHMENTS:

Attachment 1 - Maintenance Bond Tract No. 32341-11
Attachment 2 - Bill of Sale Tract No. 32341-11
Attachment 3 - Bond Change Rider and Original Bonds- Tract 32341-11

APPROVAL(S):

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 189 of 959 UnitedStatesFireInsuranceCompany

GENERALPURPOSERIDER
TobeattachedtoandformpartofBondNumber612418014effectiveJune212023issuedbytheUntedStatesFireInsuranceCompanyintheamountofTwentyThousandThreeHundredTwenty-Twoand(W100Dollars(§20,322.00[onbehalfTerraLyehniio,LLCasPrincipal,andinfavorofIndiaWaterAuthoriyasObligee:

NOWTherefore.itisagreedthattheMaintenanceExpirationhasbeenamended:

FROM:MaintenaceguaranteeexpirationJune21,2024
T0: MaintenanceguaranteeexpirationAugust19,2025
Itis?lrtherunderstoodandagreedthatallothertermsandconditionsofthisbondshallremainunchangedandinfullforceandeffect.

Thisrideristobeeffectivethe27ida_vof?n202_3.

Signed,sealedanddatedthis27¢dayofE.ZOE.

UnitedStatesFirensuraneeComgany
??Lea,D.ia,Attomey—in-Fact
Surety

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 190 of 959 CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.

Page 4 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 191 of 959

ThisPowerofAttomeyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttomeys-In-FactnamedaboveandexpiresonJanuary3],2023.

ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowinfullforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:

Page 5 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 192 of 959 TerraLgoIndio.LLC.1260CaronaPointcCourt
UnitedS
lndioWaterAuthoritv100CivicCenterMall.India‘CA92203
20,322.00)
Tmct.32341-llWaterlmvrov
June21.2024
June21.2024
TerraLgInd0,
By:§'\LAz~$t444/¢“V
V
4»c/IL,é’/.4c?mZv<7‘
Un?edStates..ireInsuranceCemnazw
Witness
UNITEDSTATESFIREH\lSURANCECOMPANY
MAINTENANCEBONDBondNo.612413014KNOWALLMENBYTHESEPRESENTS,ThatWe,Suite301-Corona.CA92879asPrincipal,andtatesFireInsuranceCompanyhavinganof?ceat1SouthWackerDriveSuite2180.Chicago.IL60606 asSurety,areheldand?rmlybounduntoasObligee,inthepenalsumofTwentvThousandThreeHundredTwentv—Twoand00/100($ DollarslawfulmoneyoftheUnitedStatesofAmericathePrincipalandSuretybindthemselves,theirheirs,executors,administrators,successorsandassigns,jointlyandseverally?rmlybythesepresents.SIGNED,SEALEDANDDATEDthisEdayofJune2023.WHEREASthePrincipalhascompletedandwhereas,theObligeerequiresamaintenanceguaranteefortheperiodexpiringNOWTHEREFORE,THECONDITIONOFTHISOBLIGATIONISSUCH,thatifthePrincipalathisowncostandexpensereplacesorrepairsanyoftheabovedescribedworks,whichshallbecomedefectivebecauseofeithermaterialorworkmanshipnotmeetingrequirementsofthespeci?cationsunderwhichtheworkwasdoneduringtheperiodthrough,thenthisobligationshallbenullandvoid,otherwisetoremaininfullforceandeffect.

Witness
By WSimoneGerhard D Attomey—in-Fact
No cmcnts
Q L_L__C_Principal
Surety

Page 6 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 193 of 959 SARAHE.CAMVEELLNotaryPubhc- CaliforniaLosAngelesCnuntyECummnsionfr‘2119261MyComm.ExpiresJun27,7.014 """"""""""""""" ‘:"—'"—'*‘—'-------—- OPTIONAL-~—--———-————..............____.___ CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.stateofCaliforniafLosAngelesCounty0onJUN282023beforeme’SarahE.Campbell,NotaryPublicDate HereInsertNameandTitleoftheOfficerPersonallyappearedD‘Garcia Name(s)of$igner(s) whoprovedtomeonthebasisofsatisfactoryevidencetobethepersonlx)whosename(x)is/antxsubscribedtothewithininstrumentandacknowledgedtomethatlam/she/tdxxxexecutedthesamein)biX/her/theirauthorizedcapacity()'m<),andthatbylu's¢her/tdxeriarsignature(x)ontheinstrumenttheperson(>s),ortheentityuponbehalfofwhichtheperson(X)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueanclcorrect.WITNESSm Iseal SignatureNotaryPublic
PlaceNotarySealAboveThoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages Signer(s)OtherThanNamedAboveCapacity(ies)ClaimedbySigner(s)Signer'sName Signer'sNameE]CorporateOfficer—Tit|e(s)E]CorporateOfflcer—Tltle(s)DPartnerLimitedGeneralBPartnerLimitedGeneralBIndividualDAttorneyinFact Individual,'AttorneyinFactDTrusteeDGuardianorConservatorDTrusteeGuardianorConservatorOther [:1OtherSignerlsRepresentingSignerlsRepresenting

Page 7 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 194 of 959 MELISSAH.D'A|£B3DHOTARVHJKICOFIIEWEEYOomliodoulWINK0u%%IU!% /‘M4£427
aulhenlicity Altomey,please [email protected] POWEROFATTORNEYUNITEDSTATESFIREINSURANCECOMPANYPRINCIPALOFFICE-MORRISTOWN,NEWJERSEYKNOWALLMENBYTHESEPRESENTS:ThatUnitedStatesFireInsuranceCompany,acorporationdulyorganizedandexistingunderthelawsofthestateofDelaware,hasmade,constitutedandappointed,anddoesherebymake,constituteandappoint:JaninaMonroe;JenniferOchs;SarahCampbell;MarthaBarreras;MichelleHaas;CharlesR.TeterIII;TimothyNoonan;KDWapato;MarinaTapia;EdwardC.Spector;D.Garcia;EthanSpector;B.Aleman;SimoneGerhard;ErinBrown;RachelA.Mulleneach,itstrueandlawfulAttorney(s)-In-Fact,withfullpowerandauthorityherebyconferredinitsname,placeandstead,toexecute,acknowledgeanddeliver:Anyandallbondsandundertakingsofsuretyandotherdocumentsthattheordinarycourseofsuretybusinessmayrequire,andtobindUnitedStatesFireInsuranceCompanytherebyasfullyandtothesameextentasifsuchbondsorundertakingshadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersofUnitedStatesFireInsuranceCompanyatitsprincipaloffice,inamountsorpenalties:OneHundredTwentyFiveMillionEightHundredThousandDollars($125,800,000)ThisPowerofAttorneylimitstheactofthosenamedthereinto?iebondsandundertakingsspeci?callynamedtherein,andtheyhavenoauthoritytobindUnitedStatesFireInsuranceCompanyexceptinthemannerandtotheextentthereinstated.ThisPowerofAttorneyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttomeys—In—Factnamedabove.ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowinfLl.i1forceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:ArticleIV ,ExecutionofInstruments—ExceptastheBoardofDirectorsmayauthorizebyresolution,theChairmanoftheBoard,President,anyVice-President,anyAssistantVicePresident,theSecretary,oranyAssistantSecretaryshallhavepoweronbehalfoftheCorporation:(a)toexecute,a?fixthecorporatesealmanuallyorbyfacsimileto,acknowledge,verifyanddeliveranycontracts,obligations,instrumentsanddocumentswhatsoeverinconnectionwithitsbusinessincluding,withoutlimitingtheforegoing,anybonds,guarantees,undertakings,recognizances,powersofattorneyorrevocationsofanypowersofattorney,stipulations,policiesofinsurance,deeds,leases,mortgages,releases,satisfactionsandagencyagreements;(b)toappoint,inwriting,oneormorepersonsforanyorallofthepurposesmentionedintheprecedingparagraph(a),includingaffixingthesealoftheCorporation.ArticleIII,Of?cers,Section311,FacsimileSignatures.Thesignatureofanyof?cerauthorizedbytheCorporationtosignanybonds,guarantees,undertakings,recognizances,stipulations,powersofattorneyorrevocationsofmypowersofattorneyandpoliciesofinsuranceissuedbytheCorporationmaybeprinted,facsimile,lithographedorotherwiseproduced.Inaddition,ifandasauthorizedbytheBoardofDirectors,dividendwarrantsorchecks,orothernumerousinstrumentssimilartooneanotherinform,maybesignedbythefacsimilesignatureorsignatures,lithographedorotherwiseproduced,ofsuchof?cerorofficersoftheCorporationasfromtimetotimemaybeauthorizedtosignsuchinstrumentsonbehalfoftheCorporation.TheCorporationmaycontinuetouseforthepurposeshereinstatedthefacsimilesignatureofanypersonorpersonswhoshallhavebeensuchofficerorofficersoftheCorporation,notwithstandingthefactthathemayhaveceasedtobesuchatthetimewhensuchinstrumentsshallbeissued.IN‘JVITNESSWHEREOF,UnitedStatesFireInsuranceCompanyhascaused?iesepresentstobesignedandattestedbyitsappropriateofficeranditscorporatesealhereuntoaffixedthis28thdayofSeptember,2021.UNITEDSTATESFIREINSURANCECOMPANY (1MatthewE.Lubin,PresidentStateofNewJersey}CountyofMorris}Onthis28thdayofSeptember,2021,beforeme,aNotarypublicoftheStateofNewJersey,cametheabovenamedofficerofUnitedStatesFireInsuranceCompany,tomepersonallyknowntobetheindividualandof?cerdescribedherein,andacknowledgedthatheexecutedtheforegoinginstrumentandaffixedthesealofUnitedStatesFireInsuranceCompanytheretobytheauthorityofhisof?ce.

W 0'41‘/.VJ—IASVMelissaH.D’Alessio(NotaryPublic)1,theundersignedofficerofUnitedStatesFireInsuranceCompany,aDelawarecorporation,doherebycertifythattheoriginalPowerofAttorneyofwhichtheforegoingisa?ill,trueandcorrectcopyisstillinforceandeffectandhasnotbeenrevoked.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthecorporatesealofUnitedStatesFireInsuranceCompanyonthedayof 20JUN282023UNITEDSTATESFIREINSURANCECOMPANY MichaelC.Fay,SeniorVicePresident*Forveri?cationofthe ofthePowerof contact

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 195 of 959 CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia }CountyofRiVerSideon beforeme_AmvR.Williams.NotaryPublicHereInsertNameandTitleoftheO?icerpefsona?yappearedSteVeSCherbarthName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenamels)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/herltheirauthorizedcapacity(ies).andthatbyhis/herftheirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingAMYR.WILLMMS,- NotaryPublic-CaliforniaZ paragraph'5trueandCorrect-§ RiversideCountyECommissionll2301191WITNESSmyhandandof?cialseal.MyComm.ExpiresAug12,2023 SignaturePlaceNotarySealand/orStampAbove natureofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedTitleorTypeofDocument:DocumentDate: NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer'sName: Signer'sName:ElCorporateOf?cer— Tit|e(s):I:ICorporateOf?cer— T'rt|e(s):[3Partner—ElLimitedElGeneralElPartner—E1LimitedDGeneralE1IndividualE]AttorneyinFactElIndividualElAttorneyinFactElTrusteeDGuardianorConservatorElTrusteeElGuardianorConservatorDOther: DOther:SignerisRepresenting:SignerisRepresenting:
©2019NationalNotaryAssociation

Page 9 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 196 of 959 |nd'oWaterAuthorit«J.» YYourwamr.OurRexpnnslbllily.

INDIOW ATERAUTHORITY
Scherbarth, (re 9;’ Date
RecordingRequestedBy:IndioWaterAuthorityWhenRecordedReturnTo:SabdiSanchez,CMCCityClerkAdministratorCityofIndio100CivicCenterMallIndio,California92201 (SpaceAbovethisLineforRecorder’sUse)GrantordeclaresthatthisBillofSaleisexemptfromRecordingFeespursuanttoCaliforniaGovernmentCodeSection6103.BillofSaleforWaterSystemsFacilitiesForgoodandvaluableconsideration,receiptofwhichisherebyacknowledged,theundersigneddoesherebytransferandconveytothe ,aCaliforniaJointPowersAgencyorganizedundertheJointExerciseofPowersAct(commencingwithSection6500oftheCaliforniaGovernmentCode),anditssuccessorsandassigns,allright,title,andinterestinandtothewaterinstallation,includingpipelines,valves,serviceconnections,?rehydrants,meters,andotherappurtenancestosaidwaterinstallation,constructed,installed,andlocatedinthepropertydescribedbelowandfurtherwarrantsthatthesameisfreeandclearofanyencumbrances.

ExecutedthisjdayofbéV'(/(206;}CompanyorCorporation
Name:

By:SteveAreaPresidentCorporateOf?cer/AuthorizedSignatory Allsignaturesmustbenotarized
Saidpropertyisdescribedasfollows:(PleaseattachdetailedlegaldescriptionpropertyandwaterbeingasExhibitA)TerraLagoT32341-11WaterImprovements

Page 10 of 35 ends

AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 197 of 959 IndioWaterAuthorityBillofSaleforWaterSystemFacilities’’EXHIBITA" INTHECITYOFII0,COUNTYOFRIVERSIDE,STATEOFCALIFORNIA.TRACTNow}32341-11EH3AIVISIGW(FAPMTIGIU-'LOT TRACTUMPM).32.341-1(NFILEIN414.FA86 95.IPCLUSIVE.G-'IMPSINTIEU-TICE(I-'TIECGNTYETU-'RIVECSIECGNTY .CALIFIRNIA.AM)ElmLW ATEDINSECTIIN17.T.5S..R.8 S.B.M.

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 198 of 959 [J R.WilliamsNotarvPub?c& Amy
-
mva.wvLLw4s
L» ; noxarywublipcalivnvniaRiversideCountyCommissiunI1301191Comm.ExpiresAugI2,2911 mm
S nature
‘::::;::"::n"29"?/I/r‘//4%
CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy.orvalidityofthatdocument.StateofCaliforniaCountyofRIVerSIdeOn beforeme,Date HereInsertNameandTitleoftheOfficerpefsona?yappearedSteveSCherbarthName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosename(-s)is/aresubscribedtothewithininstrumentandacknowledgedtomethatheisheitheyexecutedthesameinhis/l'+erit»heirauthorizedcapacity(ies-),andthatbyhis/herit-heirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(-5)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSmyhandandofficialseal.

SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionDocTitleorTypet: f’//DocumentDate a NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName: Signer’sName:IIICorporateOfficer— Title(s):CICorporateOfficer— Title(s):ElPartner—ElLimited[IGeneralElPartner—ElLimited[1GeneralE1IndividualElAttorneyinFactElindividualElAttorneyinFact[:1TrusteeElGuardianorConservatorElTrusteeElGuardianorConservatorDOther: ElOther:SignerisRepresenting:SignerisRepresenting:
©2019NationalNotaryAssociation

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[email protected]
liloS
December20,2021
IndioWaterAuthority83-101Avenue45Indio,CA92201Re:BondTransitionRiderToWhomItMayConcern: ,EnclosedisaBondChangeRiderinsupportofthetransitionofthereferencedbondfromAspenAmericanInsuranceCompanytoUnitedStatesFireInsuranceCompany(A.M.BestRating:AXII,U.S.TreasuryUnderwritingLimitation$125,885,000).USFICispartoftheFairfaxFinancialGroup.Itisalsoagreedandunderstoodallothertermsandconditionsofthebondshallremainunchangedandinfullforceandeffect.Ifyouhaveanyquestionsorrequireadditionalinformation,pleasedonothesitatetocontactmedirectly.Thankyouforyourassistance.

ConniVanHornAssociateUnderwriterPh:630-921-0355
1SWackerDrive}Suite2180IChicago,IL60606AMYNTAGROUF’/SURETYSOLUTIONSCOM

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§203228.45 TerraLagoIndioLLCaDelawarelimited
liabilitycompany INDIOW ATERAUTHORITY
BONDNU

SURETYCOM
01/09/2022
01/09/2022,

ASPENAMERICANINSURANCECOMPANY
, _,V / I. ,/’7[T/».>£'zmJ‘(¥‘sj"“VcoTTSADOWSKYZSP

UNITEDSTATESFIREINSURANCECOMPANY
/’)“.‘(:é"'(,L'V/’/{:2/‘§CO'|‘|'SADOWSKY ,§VP,
CRUM8:FORSTAspenAmericanInsuranceCompanyUnitedStatesFireInsuranceCompanyBONDCHANGERIDERAsofJuly15,2020,UnitedStatesFireInsuranceCompanyhasassumedthesuretyliabilityofAspenAmericanInsuranceCompany.TobeattachedtoandformpartofBondNumberSU34401effectiveissuedbytheAspenAmericanInsuranceCompanyintheamountof onbehalfasPrincipal,andinfavorof asObligeezNOW,THEREFORE,itisagreedthatthe MBERhasbeenCHANGED:FROM:SU34401TO:612406871NOW,THEREFORE,itisagreedthatthe PANYhasbeenCHANGEDFROM:AspenAmericanInsuranceCompanyTO:UnitedStatesFireInsuranceCompanyItisfurtherunderstoodandagreedthatallothertermsandconditionsofthisbondshallremainunchangedandinfullforceandeffect.

ThisrideristobeeffectiveSigned,sealedanddated
,Surety
Surety

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[email protected]
CRUM8:FORS
CLAIMSCONTACTINFORMATION:UnitedStatesFireInsuranceCompany305MadisonAvenueMorristown,NJ07960EmailPhonenumber1-800-690-5520 UNITESSTATESFIREINSURANCECOMPANYTreasuryUNDERWRITINGLIMITATION:$125,885,000AMBestRating:AXIIIS&PRating:A- ForinquiriesregardingthisRider,pleasecontactLauriArnettat(281)602-5380oremail

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Company;
TwoHundredThreeThousand
TwoHundredTwangEightand45/100

EXECUTEDINDUPLICATE
uthorityOurResponsibility.

BondNo.SU34401PERFORMANCEBONDKNOWALLPERSONSBYTHESEPRESENTSthat:/ WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago-Tract32341-11;WaterImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractto?leagoodandsuf?cientperformancebondwiththePublicAgencyforthefaithfulperformanceoftheContract.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsurance175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyinthepenalsumofDollars($203228.45)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,shallinallthingsstandtoandabideby,andwellandtrulykeepandperformalltheundertakings,terms,covenants,conditionsandprovisionsintheContractandanyalterationthereofmadeasthereinprovided,onthePrincipal'sparttobekeptandperformed,allwithinthetimeandinthemannerthereinspeci?ed,andinallrespectsaccordingtotheirtrueintentandmeaning,andshallindemnifyandholdharmlessthePublicAgency,itsof?cers,agents,employees,andothersasthereinprovided,thenthisobligationshallbecomenullandvoid;otherwise,itshallbeandremaininfullforceandeffect.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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TerraLagoIndioLLC,aDelaware
>,, , company
IrvineCA 2
AanAmericanInsuranceComan
7 Suite...
on6:) ”%

EXECUTEDINDUPLICATE
Authorityaler.OurResponsibility
FURTHER,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.TheCityistheprincipalbene?ciaryofthisbondandhasallrightsofapartyhereto.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:January9”‘,2019“Principal” “Surety” limitedliabilitv400Exchange.SuiteK? 175CapitalBlvd..100RockvHill.CT06067 By: By:Its ChristineMarotta,ItsAttomey-in-Fact
By: By:Its Its
(Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscertificateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvaliditvofthatdocument.StateofCaliforniaCountyof ORANGElbeforeme,JTRUDEAU,NotaryPublic(insertnameandtitleoftheof?cer)personallyappearedwhoprovedtomeonthebasisofsatisfactoryevidencetobethepersons)whosenamefs)ismresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhislher/theirauthorizedcapacity(bs),andthatbyhis/her/theirsignature(~s)_ontheinstrumenttheperson(§')7ortheentityuponbehalfofwhichtheperson('s7~acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal.

Signature (Seal)
On\\3a,V\\/mum,ggnU
LTRUDEAUNotaryPublic-Califor

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ACKNOWLEDGMENT0FSURETY

STATEOFILLINOISCOUNTYOFWILL
On beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedtomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttorney-in-Factof acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaf?xedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbyEvoluntarilyexecuted.INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaf?xedmyof?cialsealthedayandyearfirstabovewritten.RICHARDV ALENTEOFFICIALSEAL .1.NotaryPublic,StateofIllinoisMyCommissionExpiresNotarypublicJune2021(SEAL) WILLCountv.ILLINOIS

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gmory reeognimn
VOTED:Thefolegoingunlhvriryforcertainofo?cezsofdaeCompanyIppainlAlwmcys-in-F301byvinu:of:owe:ofmmmeytosignandm|honrecognizanoes,Indothervvritinyobligatoryaimnfabond,recogniznn,oroondilionulunderuking,aswe“IslrevokemysuchPowerofmlomey, (37?(kl,4/»
mpmaw axmuad
ENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohiman;ThomasPiussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?rmed.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveO?icersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobliinthenatureofabond,ce,orconditionalundertaking,andanyofsaidExecutiveOfficersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.classes to P ds,inthen cc 0 isherebygrantedspeci?callytothefollowingindividualot?cersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandscaledbyfacsimile(mechanicalorprinted)underandbyauthority01‘thefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidentifiedbytitleorspeci?callynamedabovemaybea?ixedbyfacsitniletoanyPowerofAttomeyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereofandanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompanySTATEOFCONNECTICUTSS.ROCKYHILLCOUNTYOFHARTFORD ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulyswom,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thattheseala?ixedtothesaidinstrumentissuchc seal;andthathe/shethesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof.AZ}NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI.theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttorneyremainsinfullforceandhasnotbeenrevoked;andfurthennore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceandeffect.GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,thisdayofJ0 By: Name:ScottSadowsky,SeniorVicePresidentForverificationoftheauthenticityofthePowerofAttomeyyoumaycall(860)760-7728foremail:Pal'[email protected] unorm‘3t‘UcLlt:rseqrz‘K
2019

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ThreeThousandTwoHundredTwangEightand45/I00

EXECUTEDINDUPLICATE
uthorityOurResponsibility.

BondNo.SU3440lAYMENTBOND(LABORANDMATERIALS)KNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndieWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago-Tract32341-11;WaterImprovements WHEREAS,PrincipalisrequiredunderthetermsoftheContractandtheCaliforniaCivilCodeto?leagoodandsufficientpaymentbondwiththePublicAgencytosecurethepaymentofclaimsoflaborers,mechanics,materialpersons,andotherpersonsasprovidedbylaw.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany;175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldandfirmlybounduntothePublicAgencyandallsubcontractors,laborers,materialpersons,andotherpersonsemployedintheperformanceoftheContractinthepenalsumofTwoHundredDollars($203,228.45)(the‘‘PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,fmnlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,orsubcontractorsshallfailtopayanyofthepersonsnamedinSection3181oftheCaliforniaCivilCode,oranyamountsdueundertheUnemploymentInsuranceCodewithrespecttoworkorlaborperformedundertheContract,orforanyamountsrequiredtobededucted,withheld,andpaidovertotheEmploymentDevelopmentDepartmentfromthewagesofemployeesofthePrincipalandsubcontractorspursuanttoSection13020oftheUnemploymentInsuranceCode,withrespecttoworkorlaborperformedundertheContract,theSuretywillpayforthesameinanamountnotexceedingthePenalSumspeci?edinthisbond;otherwise,thisobligationshallbecomenullandvoid.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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AGENDA ITEM #8.10
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By:(/éfdtzz/:7)

EXECUTEDINDUPLICATE
terAuthorityYourWater.OurResponsibility.

Thisbondshallinuretothebene?tofanyofthepersonsnamedinSection3181oftheCaliforniaCivilCodesoastogivearightofactiontosuchpersonsortheirassignsinanysuitbroughtuponthebond.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.Further,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,addition,ormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:January9”‘,2019“Principal” “Surety” liabilitv
175CapitalBlvd..Suite100RockvHill.CT
By:Its ChristineMarotta,ltsAttomey-in-Fact
By: By:Its lts
(Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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W00
hiilherltheircapa . _
person(s).-oupongmzypzrzge
OrangeCuunlyComrmssinn:2214553Cnmm.EXyilESO(lM1021
x?g

ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscertificateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvaliditvofthatdocument.StateofCaliforniaCountyof ORANGE) on beforemeJTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)personallyappearedwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosename(~s)is/aresubscribedtothewithininstrumentandacknowledgedtomethat‘he/she/theyexecutedthesameinauthorizedci andthate signatuonthei entthertheentityb fwhichth n ed,exetheinst.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal.

Signature (Seal)
C‘/LHZASLLHUS
J.TRUDEAUNotaryPubllc—California

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ACKNOWLEDGMENTOFSURETY

STATEOFILLINOISCOUNTYOFWILL
On beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedtomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttomey-in-Factof acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaf?xedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbylgvoluntarilyexecuted.INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaffixedmyof?cialsealthedayandyear?rstabovewritten.RICHARDV ALENTEOFFICIALSEAL L.NotaryPublic.StateofIllinoisMyCommissionExpiresNotaryPublicJune2021(SEAL) WILLCountv.ILLINOIS

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fbregoin
mix’M'°<"§
/é?/9//}:é&L..

JAN092019
ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?nned.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,201],whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveOfficersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasimer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,,orconditionalundertaking,andanyofsaidExecutiveO?icetsatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Thegauthorityforcertainclassesofo?icersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttorneytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttomey,isherebygrantedspeci?callytothefollowingindividualoi?cersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGilien,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityoi‘thefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichReolutionisnewinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereof,andanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompanySTATEOFCONNECTICUTSS.ROCKYI-IlLLCOUNTYOFHARTFORD ScottSadowsky,SeniorVicePresidentOnthis28'“dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericaninsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thattheseala?ixedtothesaidinstrumentissuchcorporateseal;andthathe/shethesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof.

NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttomeyremainsinfullforceandhasnotbeenrevoked;andfurthennore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceandeffect.GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,thisdayof , By: Name:ScottSadowsky,SeniorVicePresidentForveri?cationoftheauthenticityofthePowerofAttomeyyoumaycall(860)760-7728foremail:[email protected]

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TwoHundredThreeThousandTwoHundredTwangEightand45/100

EXECUTEDINDUPLICATE
terAuthorityYourWa:er.OurResponsibility.

BondNo.SU34401PERFORMANCEBONDKNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;400Exchange,Suite200,Irvine,CA92602O\IameandaddressofContractor)(“Principal”),acontract(the‘‘Contract’’),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago-Tract32341-11;WaterImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractto?leagoodandsuf?cientperformancebondwiththePublicAgencyforthefaith?llperformanceoftheContract.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany;175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyinthepenalsumofDollars($203228.45)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,shallinallthingsstandtoandabideby,andwellandtrulykeepandperformalltheundertakings,terms,covenants,conditionsandprovisionsintheContractandanyalterationthereofmadeasthereinprovided,onthePrincipal'sparttobekeptandperformed,allwithinthetimeandinthemannerthereinspeci?ed,andinallrespectsaccordingtotheirtrueintentandmeaning,andshallindemnifyandholdharmlessthePublicAgency,itsof?cers,agents,employees,andothersasthereinprovided,thenthisobligationshallbecomenullandvoid;otherwise,itshallbeandremaininfullforceandeffect.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 213 of 959 Id’W‘i‘.B."‘
Ten‘aIagoIndiaLDCaDelawam AspenAmericanInsuranceComgany 400Exchange§uite200
IrvineCA92602

EXECUTEDINDUPLICATE
terAuthorityYourWater.OurResponsibility.

FURTHER,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.TheCityistheprincipalbene?ciaryofthisbondandhasallrightsofapartyhereto.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:January9”‘,2019“Principal” “Surety” limitedliabilitvcompany_
175CapitalBlvd..Suite100Ro,c,k_v.Hi11CT06067
By: By:Its ChristineMarotta,ItsAttomey-in-Fact
By: By:Its Its
(Seal) (Seal)
Note.‘Thisbandmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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AGENDA ITEM #8.10
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ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyof ORANGE) on beforeme,JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)personallyappearedwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson'(~s)whosenamets)is/aresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her/theirauthorizedcapacity(ies),andthatbyTris/her/theirsignature§a)_ontheinstrumenttheperson(s)-,ortheentityuponbehalfofwhichtheperson®).acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal.

Signature '(Seal)
(‘A-\’E,{SCOUS
J.TRUDEAUNotaryPubiic—CaliforniaOrangeCountyCommission#2214553MyComm.BipiresOct14,

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AGENDA ITEM #8.10
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ACKNOWLEDGMENT0FSURETY

STATEOFILLINOISCOUNTYOFWILL
On 09 beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedtomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttorney-in—Factof acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaf?xedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationbyEvoluntarilyexecuted.INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaffixedmyof?cialsealthedayandyear?rstabovewritten.RICHARDV ALENTEOFFICIALSEALNotaryPublic.StateofIllinoisMyCommissionExpiresNotaryPublicJune05,2021(SEAL) WILLCountv.ILLINOIS

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AGENDA ITEM #8.10
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@971‘dew’/:7
Idows
mpanme
/W72,4.»/_T.

ASPENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandconfirmed.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveOfficersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehaifoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveO?icersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Theforegoingauthorityforcertainclassesofof?cersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttomeytosignandsewbonds,ces,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttomey;isherebyspeci?callytothefollowingindividualo?icersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereofandanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompanySTATEorCONNECTICUTss.ROCKYHILL ,f4COUNTYOFHARTFORD ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottS kytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thatthesealaf?xedtothesaidinstrumentissuchseal;andthathe/sheexecutedthesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof.Lg.NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttomeyremainsinmi]forceandhasnotbeenrevoked;andfur-thennore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceandeffect. 09GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,thisdayof By: Name:ScottSadowsky,SeniorVicePresidentForveri?cationoftheauthenticityofthePowerofAttorneyyoumaycall(860)760-7728foremail:[email protected]

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 217 of 959 ThreeThousandTwoHundredTwengEightand45/100

EXECUTEDINDUPLICATE
terAuthorityYourWa:er.OurResponsiblllty.

BondN0.SU34401PAYMENTBOND(LABORANDMATERIALS)KNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;400Exchange,Suite200,Irvine,CA92602(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago-Tract3234]-l1;WaterImprovements WHEREAS,PrincipalisrequiredunderthetermsoftheContractandtheCaliforniaCivilCodeto?leagoodandsufficientpaymentbondwiththePublicAgencytosecurethepaymentofclaimsoflaborers,mechanics,materialpersons,andotherpersonsasprovidedbylaw.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany;175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldandfirmlybounduntothePublicAgencyandallsubcontractors,laborers,materialpersons,andotherpersonsemployedintheperformanceoftheContractinthepenalsumofTwoHundredDollars($203228.45)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,firmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,orsubcontractorsshallfailtopayanyofthepersonsnamedinSection3181oftheCaliforniaCivilCode,oranyamountsdueundertheUnemploymentInsuranceCodewithrespecttoworkorlaborperformedundertheContract,orforanyamountsrequiredtobededucted,withheld,andpaidovertotheEmploymentDevelopmentDepartmentfromthewagesofemployeesofthePrincipalandsubcontractorspursuanttoSection13020oftheUnemploymentInsuranceCode,withrespecttoworkorlaborperformedundertheContract,theSuretywillpayforthesameinanamountnotexceedingthePenalSumspeci?edinthisbond;otherwise,thisobligationshallbecomenullandvoid.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 218 of 959 TermLagoIndioLLCaDelawarelimited AsgenAmericanInsuranceComgany 200 lvd.SuiteIrvineCA9602
2 _ //9/52/’

EXECUTEDINDUPLICATE
terAuthorityYourWater.OurResponsibility.

Thisbondshallinuretothebene?tofanyofthepersonsnamedinSection3181oftheCaliforniaCivilCodesoastogivearightofactiontosuchpersonsortheirassignsinanysuitbroughtuponthebond.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.Further,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodificationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespecificationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,addition,ormodificationtothetermsoftheContractortotheworkortothespecificationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:January9”‘,2019“Principal” “Surety” liabilitvcomnanv
400Exchange.Suite 175CapitalB 100RockvHill.CT06067
By: ByIts ChristineMarotta,ItsAttomey-in-FactBy: ByIts Its (Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 Appendix

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AGENDA ITEM #8.10
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ACKNOWLEDGMENT
Anotarypublicorotherof?cercompletingthiscertificateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyof ORANGE\ on émqbeforeme’JTRUDEAU,NotaryPublic(insertnameandtitleoftheofficer)personallyappeared C0LUM5whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(~s)whosenames)is/ar-esubscribedtothewithininstrumentandacknowledgedtomethathis/she/theyexecutedthesameinhis/her/theirauthorizedcapacity(l'w),andthatbyhislher/theirsignature'(‘s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(§)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.

WITNESSmyhandandofficialseal.

Signature (Seal)

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AGENDA ITEM #8.10
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ACKNOWLEDGMENTOFSURETY

STATEOFILLINOISCOUNTYOFWILL
beforeme,aNotaryPublicinandfortheabovecounty,personallyappearedtomepersonallyknown,who,beingbymedulysworn,didstatethathe/sheisAttomey-in-Factof acorporationorganizedandexistingunderthelawsoftheStateofTexasthatthesealaf?xedtotheforegoinginstrumentisthecorporatesealofthesaidcorporation,thattheinstrumentwassigned,sealed,andexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andfurtheracknowledgedthesaidinstrumentandtheexecutionthereoftobethevoluntaryactanddeedofsaidcorporationby13.;voluntarilyexecuted.INWITNESSWHEREOF,Ihavehereuntosubscribedbynameandaf?xedmyof?cialsealthedayandyear?rstabovewritten.RICHARDV ALENTEOFFICIALSEAL .1.NotaryPublic.StateofIllinoisMyCommissionExpiresNotarypublicJune2021(SEAL) WILLCountv.ILLINOIS JAN0920

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AGENDA ITEM #8.10
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M9014'7'
/2§‘>\\
A‘.-5F'ENAspenAmericanInsuranceCompany175CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmericanInsuranceCompany,acorporationdulyorganizedunderthelawsoftheStateofTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinatterthe"Company")doesherebymake,constituteandappoint:ChristineMarotta;DebraKohlman;ThomasPlussofLocktonCompaniesitstrueandlawfulAttomey(s)-in-Fact,withfullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftheCompany,atanyplacewithintheUnitedStates,thefollowinginstrument(s)byhis/hersolesignatureandact:anyandallbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfullyandtothesameextentasifthesameweresignedbythedulyauthorizedofficersoftheCompany.AllactsofsaidAttomey(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcon?nned.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofDirectorsofsaidCompanyeffectiveonApril7,2011,whichResolutionsarenowinfullforceandeffect;VOTED:AllExecutiveO?icersoftheCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttomeys-in-FacttoactforandonbehalfoftheCompanytosignwiththeCompany'snameandsealwiththeCompany'sseal,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidExecutiveOfficersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.VOTED:Theforegoingauthorityforcertainclassesofo?icersoftheCompanytoappointAttomeys-in-FactbyvirtueofaPowerofAttorneytosignandsealbonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerofAttorney,isherebygrantedspeci?callytothefollowingindividualo?icersofAspenSpecialtyInsuranceManagement,Inc.:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,MathewRaino,VicePresident,KevinGillen,SeniorVicePresidentandRyanField,AssistantVicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirectorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfullforceandeffect:VOTED:ThatthesignatureofanyoftheOfficersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobiinthenaturethereof;andanyandallconsentsincidentthereto,andanysuchPowerofAttorneyorcerti?catebearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.INWITNESSWHEREOF,AspenAmericanInsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthis28thdayofFebruary,2014. AspenAmericanInsuranceCompanySTATEorCONNECTICUTss.ROCKYHILL ,{4COUNTYOFHARTFORD ScottSadowsky,SeniorVicePresidentOnthis28"‘dayofFebruary,2014beforemepersonallycameScottSadowskytomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisSeniorVicePresident,ofAspenAmericanInsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinslnrment;thathe/sheknowsthesealofsaidcorporation;thatthesealaffixedtothesaidinstrumentissuchseal;andthathe/shethesaidinstrumentonbehalfoftheCompanybyauthorityofhis/herof?ceundertheaboveResolutionsthereof.2.K-NotaryPublicMycommissionexpires:5/31/2016CERTIFICATEI,theundersigned,ScottSadowskyofAspenAmericanInsuranceCompany,astockcorporationoftheStateofTexas,doherebycertifythattheforegoingPowerofAttomeyremainsinfullforceandhasnotbeenrevoked;andfurthemrore,thattheResolutionsoftheBoardsofDirectors,assetforthabove,arenowandremaininfullforceande?'ect.GivenundermyhandandsealofsaidCompany,inRockyHill,Connecticut,thisdayof By: Name:ScottSadowsky,SeniorVicePresidentForverificationoftheauthenticityofthePowerofAttomeyyoumaycall(860)760-7728foremail:[email protected] Mortar5t’lJl!Lltteam:we‘'5| 9

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AGENDA ITEM #8.10
Authorize the full release of the performance and payment bond and accep... Page 222 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Authorize the full release of the performance and payment bond and accept the Bill of Sale and Maintenance bond in the amount of $39,777.00 from Terra Lago, Indio, LLC, for the K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-12

RECOMMENDATION:

That the City Council / Indio Water Authority Board: 1) exonerate the performance and payment bonds (Original No. SU34442, $397,722.60) from Terra Lago Indio LLC for water improvements within Tract 32341-12, 2) and accept the Bill of Sale and Maintenance bond (No. 612418015, $39,777.00) to be released on August 19, 2024 after the one-year warranty period.

SUMMARY:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-12 is a single-family subdivision located northwest of the intersection of Avenue 44 and Terra Lago Parkway. Onsite water improvements for Tract No. 32341 -12 Terra Lago are complete. All required su bmittals to the Indio Water Authority (IWA) are complete per the approved plans and water agreement. The developer, Terra Lago Indio LLC, is requesting the release of the performance and payment bond. The Developer submitted a Bill of Sale and a Maintenance bond.

BACKGROUND INFORMATION:

K. Hovnanian’s Four Seasons at Terra Lago Tract No. 32341-12 is a single-family subdivision located northwest of the intersection of Avenue 44 and Terra Lago Parkway. On April 7, 2021 the IWA approved a water improvement bond with Terra Lago, Indio, LLC totaling $397,722.60 for the required water improvements within Tract 32341 -12. The water improvements are completed to IWA’s satisfaction. the requesting is LLC) Indio, bondholder (Terra improvement water The Lago, exoneration of the original bond (Bond No. SU34442) and its replacement with a Maintenance bond (Bond No. 612418015). The Maintenance bond is set to expire following the completion of the one - year warranty period. The Maintenance bond guarantees the developer wil l fix defective work or material should an issue arise during the warranty period.

The water improvements constructed and being transferred by the Bill of Sale include 1,733 linear feet of 8-inch ductile iron pipeline, five (5) fire hydrants, fifty-two (52) 1-inch service connections, and fifty-two (52) ¾-inch water meters. The improvements will serve fifty-two single-family residential lots within Tract No. 32341-12.

AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 223 of 959 Staff recommends that the Indio Water Authority Board and City Council accept the wat er improvements, exonerate the original performance bonds, and allow full exoneration of the Maintenance Bond on August 16, 2024 after the one -year warranty period has elapsed. With the acceptance of the Bill of Sale, the completed water improvements within Tract Map No. 32341-12 will be conveyed to the IWA and recorded by the County of Riverside Recorder’s Office.

FINANCIAL SUMMARY:

Current FY Financial
Impact:

N/A In current year budget: N/A
Current FY General
Fund Impact:

N/A Budget adjustment: N/A
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: N/A Fund-Org-Object
Reference:

N/A

Additional Financial Details:

There is no cost or fiscal impact associated with this action

ATTACHMENTS:

Attachment 1- Maintenance Bond T32341-12
Attachment 2 - Bill of Sale T32341-12
Attachment 3 - Terra Lago Tract No. 32341-12 Original Bonds

APPROVAL(S):

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 224 of 959 UnitedStatesFireInsuranceCompany

GENERALPURPOSERIDER
TobeattachedtoandformpartofBondNumber612418015e?ectiveJune212023issuedbytheUntedStatesFireInsuranceCompanyintheamountofThigy-NineThousandSevenHundredSeventy-SevenandOM00Dollars($777.00)onbehalfTerraL_agoIndia,LLCasPrincipal,andinfavoroflndioWaterAuthorityasObligee:

NOWTherefore,itisagreedthattheMaintenanceExpirationhasbeenamended:

FROM:MaintenaceguaranteeexpirationJune21,2024
T0: MaintenanceguaranteeexpirationAugust19.2025
Itis?irtherunderstoodandagreedthatallothertermsandconditionsofthisbondshallremainunchangedandinfullforceandeffect.

Thisrideristobec?itctivctheg7t_hda_\'ofg 202;.

Signed,sealedanddatedthis_2_7t_hdayof£1,20;
UnitedStatesFireInsuranceComan
D.Garcia,Attorney-in-Fact

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AGENDA ITEM #8.11
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Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.

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AGENDA ITEM #8.11
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ThisPowerofAttomeyrevokesallpreviousPowersofAttorneyissuedonbehalfoftheAttomeys-In-FactnamedaboveandexpiresonJanuary3],2023.

ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy-LawsofUnitedStatesFireInsuranceCompanyasnowinfullforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 227 of 959 TerraléagoIndio.LLC.1260CoronaPointeCourt
, havingWackerDriveSuite Chicago.IL60606 as
Thirzv-NineThousand39777.00
June21.2024.

June21.2024
TerraLa0IndiaLLC

UNITEDSTATESFIREINSURANCECOMPANY
MAINTENANCEBONDBondNo.3‘t24‘r'"”t5KNOWALLMENBYTHESEPRESENTS,ThatWe,Suite301.Corona.CA92879asPrincipal,andUnitedStatesFireInsuranceComnanvanof?ceat1South2180 Surety,areheldand?rmlybounduntoIndioWaterAuthority.100CivicCenterMall,Indio,CA92203asObligiee,inthepenalsumof SevenHundredSeventv-Sevenand00/100($ DollarslawfulmoneyoftheUnitedStatesofAmericathePrincipalandSuretybindthemselves,theirheirs,executors,administrators,successorsandassigns,jointlyandseverally?rmlybythesepresents.SIGNED,SEALEDANDDATEDthisMdayof?ne2023.WHEREASthePrincipalhascompletedTractNo.32341-l2WaterImprovementsandwhereas,theObligeerequiresamaintenanceguaranteefortheperiodexpiringNOWTHEREFORE,THECONDITIONOFTHISOBLIGATIONISSUCH,thatifthePrincipalathisowncostandexpensereplacesorrepairsanyoftheabovedescribedworks,whichshallbecomedefectivebecauseofeithermaterialorworkmanshipnotmeetingrequirementsofthespeci?cationsunderwhichtheworkwasdoneduringtheperiodthrough,thenthisobligationshallbenullandvoid,otherwisetoremaininfullforceandeffect.

Principal
Witness
ByWitnessSimoneGerhard D.Garcia,Attomey-in-Fact
./w,61Z
Surety

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AGENDA ITEM #8.11
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~~~~~~~~~~~~~~~~~~~~~~~ «~—«—— 0PTIONAl.------—--~—-~---—~——----~----------------»——-—-——————» EIEIEIEIEIEl
CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.stateofCaliforniafLosAngelesCounty0on 22023beforeme’SarahE.Campbell,NotaryPublicDate HereInsertNameandTitleoftheOfficerPersonallyappearedD‘Garcia Name(s)of5igner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(x)whosename(s<)is/amxsubscribedtothewithininstrumentandacknowledgedtomethatbu:/she/tdxaxexecutedthesameinybix/her/xlsuexrauthorizedcapacity()'m<),andthatbylnisfher/t&xai>rsignature(x)ontheinstrumenttheperson(>s),ortheentityuponbehalfofwhichtheperson(l£)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.SARAHECAMPBELLWlTN555 ‘SealNotaryPublic-California2LosAngelesCountyECommissionll2329262SignatureComm.ExpiresJun27,2024 'NotaryPublic
PlaceNotarySealAboveThoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages Signerls)OtherThanNamedAboveCapacity(ies)ClaimedbySigner(s)Signer'sName Signer'sNameDCorporateOfficer—Tit|e(s)DCorporateOfficer—Title(s)PartnerLimitedGeneralPartnerLimitedGeneralIndividualAttorneyinFact IndividualAttorneyinFactDTrusteeGuardianorConservatorBTrusteeGuardianorConservatorDOther DOtherSignerlsRepresentingSignerlsRepresenting

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 229 of 959 authenticity Auomey,please Su
M4wt?
reLnuiries?ammeon.cam
POWEROFATTORNEYUNITEDSTATESFIREINSURANCECOMPANYPRINCIPALOFFICE-MORRISTOWN,NEWJERSEYKNOWALLMENBYTHESEPRESENTS:ThatUnitedStatesFireInsuranceCompany,acorporationdulyorganizedandexistingunderthelawsofthestateofDelaware,hasmade,constitutedandappointed,anddoesherebymake,constituteandappoint:JaninaMonroe;JenniferOchs;SarahCampbell;MarthaBarreras;MichelleHaas;CharlesR.TeterIII;TimothyNoonan;IO)Wapato;MarinaTapia;EdwardC.Spector;D.Garcia;EthanSpector;B.Aleman;SimoneGerhard;ErinBrown;RachelA.Mulleneach,itstrueandlawfulAttorney(s)—In—I-‘act,withfullpowerandauthorityherebyconferredinitsname,placeandstead,toexecute,acknowledgeanddeliver:Anyandallbondsandundertakingsofsuretyandotherdocumentsthattheordinarycourseofsuretybusinessmayrequire,andtobindUnitedStatesFireInsuranceCompanytherebyasfullyandtothesameextentasif$1011bondsorundertakingshadbeendulyexecutedandaclcnowledgedbytheregularlyelectedof?cersofUnitedStatesFireInsuranceCompanyatitsprincipaloffice,inamountsorpenalties:OneHundredTwentyFiveMillionEightHundredThousandDollars($125,800,000)ThisPowerofAttorneylimitstheactofthosenamedthereintothebondsandundertakingsspeci?callynamedtherein,andtheyhavenoauthoritytobindUnitedStatesFireInsuranceCompanyexceptinthemannerandtotheextentthereinstated.ThisPowerofAttorneyrevokesallpreviousPowersofAttomeyissuedonbehalfoftheAttomeys-In-Factnamedabove.ThisPowerofAttorneyisgrantedpursuanttoArticleIVoftheBy—LawsofUnitedStatesFireInsuranceCompanyasnowin?illforceandeffect,andconsistentwithArticleIIIthereof,whichArticlesprovide,inpertinentpart:ArticleIV ,ExecutionofInstruments-ExceptastheBoardofDirectorsmayauthorizebyresolution,theChairmanoftheBoard,President,anyVice-President,anyAssistantVicePresident,theSecretary,oranyAssistantSecretaryshallhavepoweronbehalfoftheCorporation:(a)toexecute,affixthecorporatesealmanuallyorbyfacsimileto,acknowledge,verifyanddeliveranycontracts,obligations,instrumentsanddocumentswhatsoeverinconnectionwithitsbusinessincluding,withoutlimitingtheforegoing,anybonds,guarantees,undertakings,recognizances,powersofattorneyorrevocationsofanypowersofattorney,stipulations,policiesofinsurance,deeds,leases,mortgages,releases,satisfactionsandagencyagreements;(b)toappoint,inwriting,oneormorepersonsforanyorallofthepurposesmentionedintheprecedingparagraph(a),includingaffixingthesealoftheCorporation.ArticleIII,Officers,Section3.11,FacsimileSignatures.Thesignatureofanyof?cerauthorizedbytheCorporationtosignanybonds,guarantees,undertakings,reeogrizanees,stipulations,powersofattorneyorrevocationsofanypowersof‘attorneyandpoliciesof issuedbytheCorporationmaybeprinted,facsimile,lithographedorotherwiseproduced.Inaddition,ifandasauthorizedbytheBoardofDirectors,dividendwarrantsorchecks,orothernumerousinstrumentssimilartooneanotherinform,maybesignedbythefacsimilesignatureorsignatures,lithographedorotherwiseproduced,ofsucho?icerorof?cersoftlieCorporationasfromtimetotimemaybeauthorizedtosignsuchinstrumentsonbehalfoftheCorporation.TheCorporationmaycontinuetouseforthepurposeshereinstatedthefacsimilesignatureofanypersonorpersonswhoshallhavebeensuchofficerorofficersoftheCorporation,notwithstandingthefactthathemayhaveceasedtobesuchatthetimewhensuchinstrumentsshallbeissued.E‘FITNESSWHEREOF,UnitedStatesFireInsuranceCompanyhascausedthesepresentstobesigned.andattestedbyitsappropriateofficeranditscorporatesealhereuntoaffixedthis28thdayofSeptember,2021.UNITEDSTATESFIREINSURANCECOMPANY andMatthewE.Lubin,PresidentStateofNewJersey}CountyofMorris}Onthis28thdayofSeptember,2021,beforeme,aNotarypublicoftheStateofNewJersey,cametheabovenamedofficerofUnitedStatesFireInsuranceCompany,tomepersonallyknowntobetheindividualandof?cerdescribedherein,andacknowledgedthatheexecutedtheforegoinginstrumentandaffixedthesealofUnitedStatesFireInsuranceCompanytheretobytheauthorityofhisoffice.

Gommlulon /ynacwm/?oxdmméyMelissaH.D’Alessio(NotaryPublic)1,theundersignedofficerofUnitedStatesFireInsuranceCompany,aDelawarecorporation,doherebycertifythattheoriginalPowerofAttorneyofwhichtheforegoingisa?ill,trueandcorrectcopyisstillinforceandeffectandhasnotbeenrevoked.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthecorporatesealofUnitedStatesFireInsuranceCompanyontheday°f 2°JUN282023UNITEDSTATESFIREINSURANCECOMPANY MichaelC.Fay,SeniorVicePresident*Forveri?cationofthe oftheof contact

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 230 of 959 “"7oa’:é
AmyR.WilliamsNotarv”ub|ic
SIgner'sName:
um
gignature
?g/?‘égoz?///(
CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyofRiVer5ideOn beforeme,HereInsertNameandTitleoftheO?icerpersona?yappeafedSteVeSCherbarthName(s)ofSigner(s) whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenamels)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/herltheirauthorizedcapacitylie-5).andthatbyhis/herltheirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingAMYR.WILLIAMSparagraphistrueandcorrect.._ NotaryPublic-California5 RiversideCounty WITNESSmyhandandof?cialseal.Commissionll2301191MyComm.ExpiresAug12,2023 SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument:DocumentDate: NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(les)ClaimedbySigner(s)Signer'sName:ElCorporateOf?cer-Title(s):ElCorporateOf?cer— Title(s):ClPartner—ElLimitedElGeneral:1Partner—DLimitedElGeneralElIndividualElAttorneyinFactinindividualElAttorneyinFactElTrusteeI:GuardianorConservatorElTrusteeinGuardianorConservatorDOther: ElOther:SignerisRepresenting:SignerisRepresenting:
©2019NationalNotaryAssociation
.9//)5

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 231 of 959 |nd'oWaterAutrit«J.» YYeur\Narer.Our nslbilky.

INDIOW ATERAUTHORITY
9g‘-49%;
hoRapeRecordingRequestedByIndioWaterAuthorityWhenRecordedReturnTo:SabdiSanchez,CMCCityClerkAdministratorCityofIndio100CivicCenterMallIndio,California92201 (SpaceAbovethisLineforRecorder’sUse)GrantordeclaresthatthisBillofSaleisexemptfromRecordingFeespursuanttoCaliforniaGovernmentCodeSection6103.BillofSaleforWaterSystemsFacilitiesForgoodandvaluableconsideration,receiptofwhichisherebyacknowledged,theundersigneddoesherebytransferandconveytothe ,aCaliforniaJointPowersAgencyorganizedundertheJointExerciseofPowersAct(commencingwithSection6500oftheCaliforniaGovernmentCode),anditssuccessorsandassigns,allright,title,andinterestinandtothewaterinstallation,includingpipelines,valves,serviceconnections,?rehydrants,meters,andotherappurtenancestosaidwaterinstallation,constructed,installed,andlocatedinthepropertydescribedbelowandfurtherwarrantsthatthesameisfreeandclearofanyencumbrances.

Name: C
By:SteveScherbarth,AreaPresident/1]AJ-7.33CorporateOf?cer/AuthorizedSignatory'DateAllsignaturesmustbenotarized Saidpropertyisdescribedasfollows:(PleaseattachdetailedlegaldescriptionofpropertyandwaterfacilitiesbeingtransferredasExhibitA)2‘Executedthisi5dayof ,20CompanyorCorporation TerraLagoT32341-12WaterImprovements

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AGENDA ITEM #8.11
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IndioWaterAuthorityBillofSaleforWaterSystemFacilities"EXHIBITA” INTl-ECITYOFII0,COLNTYOFRIVERSIDE.STATEOFCALIFORNIA.2ENGASEIVISIWWAPGTIM(FLOTQG7 TRACTll).32341-104FILEIN414.ME8 95.IMLUSIVE.WINTl-EGFIGEll-'TIE U-'RIVEIBIEAN)E106LW ATEDINSECTIOIT.5 R.BS.B.|l.

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AGENDA ITEM #8.11
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)“5/5//,1 Zé?gg?a?c
CALIFORNIAACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia }countyofRiversideonO60beforeme,AmvR.Williams.NotaryPublicDate HereInsertNameandTitleoftheOfficerpersonanyappearedSteveScherbarthName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosenamefs)is/aresubscribedtothewithininstrumentandacknowledgedtomethathelsheltheyexecutedthesameinhis/herltheirauthorizedcapacityliesl,andthatbyhis/herltheirsignature(s-)ontheinstrumenttheperson(s-),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.

IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingAMYR.WILLIAMS .Notarypublic_CaliforniaparagraphIStrueandcorrect.RiversideCountyCommissionll2301191WITNESSmyhandandofficialseal.MyComm.ExpiresAug12,2023 SignaturePlaceNotarySealand/orStampAbove ofNotaryPublicOPTIONALCompletingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumeTitleorTypeofDocument:/ DocumentDate: mberofPagesSigner(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName: Signer’sName:1:1CorporateOf?cer— Title(s): ElCorporateOfficer— Title(s):1:1Partner—1:1LimitedIIIGeneralElPartner—13Limited[:1GeneralElIndividualElAttorneyinFactElIndividualElAttorneyinFact1:1TrusteeElGuardianorConservatorElTrustee1:1GuardianorConservator:1Other: [:1Other:SignerisRepresenting:SignerisRepresenting ©2019NationalNotaryAssociation

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 234 of 959 Ind'6waterA«¢)) YourWuev,
ThreeHundredNinelySevenThousandSavenHundredTwentyTwoand60/100

EXECUTEDINDUPLICATE
uthorityOurResponsibility.

BondNo.SU34442PERFORMANCEBONDKNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndioWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;1260CoronaPointeCourt,Corona,CA92879(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago—Tract32341-12;WaterImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractto?leagoodandsufficientperformancebondwiththePublicAgencyforthefaithfulperformanceoftheContract.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsuranceCompany;175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyinthepenalsumofDollars($397,722.60)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,Webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,firmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,shallinallthingsstandtoandabideby,andwellandtrulykeepandperformalltheundertakings,terms,covenants,conditionsandprovisionsintheContractandanyalterationthereofmadeasthereinprovided,onthePrincipal'sparttobekeptandperformed,allwithinthetimeandinthemannerthereinspeci?ed,andinallrespectsaccordingtotheirtrueintentandmeaning,andshallindemnifyandholdharmlessthePublicAgency,itsofficers,agents,employees,andothersasthereinprovided,thenthisobligationshallbecomenullandV oid;otherwise,itshallbeandremaininfullforceandeffect.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 235 of 959 Ind?)WéterA‘(k)’‘1ourW:I.eI.

TennLagoIndioLLCaDelaware AspenAmericanInsuranccCompanylimitedliabilitycompany 175CagiialElvd.,Suite100
___ ___ 9 ___ __ 06067
uthorityOurResponsibility,
FURTHER,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.TheCityistheprincipalbene?ciaryofthisbondandhasallrightsofapartyhereto.INVVITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaf?xedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:February18”’.2021“Principal” “Surety” 1260CoronaPointeCourtCorona.CA9287 RnckvHill.CT
By: By{TEVGS§,ue,,_3A(L.rESAL54VfcéPkg‘;'\of“r AdrianaVBy ByIts Its (Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.11
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Frcsidcnl
‘gnllurytvlknc2atE
ASPENAspenAmericanInsuranceCompanyI75CapitalBoulevard,RockyHill,CT06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRESENTS,THATAspenAmcricanslnsurnnceCompany,acorporationdulyorganizedunderthelawsoftheStateol'Texas,andhavingitsprincipaloflicesinRockyHill,Connecticut,(licreiiiaftcrthe"Company")doesherebymake,constituteandappoint:PaulBouclter;DennisLanger;JaninaMonroe;MnrtliaBaii'ci‘as;'l‘ii1intliyNnonan;Janinal\'lom-oc;Miclicllcl-laase;andAdriana\-'alen1.uelaofLoclrlonInsurancetlrolters,LLCitstrueandlawfulAttorney(s)—in-liact,\vithtiillpowerandauthorityherebyconl'crredtosign,executeandacknowledgeonbehalioftlieCompany,atanyplacewithintheUnitedStates,thefoliowingin5trument(s)byhis/hersolcsignatureandact:anyandallbonds,rccognizanccs,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidenttltemto,andtobindtheCompanytherebyasFullyandtothesameextentasifthesameweresignedbythedulyauthorizedo?icersofthcCompanyAllactsofsaidAttorncy(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyratifiedandcontirnied.ThisappointmentismadeunderandbyauthorityofthefollowingResolutionsofthcBoardofDirectorsofsaidCompanyeffectiveonApril7,201l,whichResolutionsarenowinlullTomeandelT'ccl;VOTED:AllExecutiveO?icersofthcCompany(includingthePresident,anyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurcr,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttmncysiikliacttoactForandonbchalt'ol'theCompanytosignwiththeCompanysnameandsealwiththeCompany'sscat,bonds,recognizances,andotherwritingsobligatoryinthenatureofabond,recognimnce,orconditionalundertaking,andanyofmidExecutiveOiliccrsatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher.\’()'IEl);theforegoingauthoritylbrcertainclassesololiicersol'theCompanytoappointAttomeys—in—FaclbyvirtueofaPowerofAttomeytosignandsealbonds,recognizances,midotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,aswellastorevokeanysuchPowerol'Altomey,isherebygrantedspeciticallytothefollowingindividualofficersol‘/\spenSpecialtylnsuianceManagerncnl,lnc:MichaelToppi,ExecutiveVicePresident,ScottSadowsky,SeniorVicePresident,KevinW.Gillan,SeniorVicePresident,MathewRaina,SeniorVicePresident,RyanField,SeniorVicePresident;TimothyP.Grif?n,VicePresident,KeithFlanncry,VicePresident,Mary13..Duroslio,VicePresident,l".i'anltCninpiglia,VicePresident,RayPliilippon,AssistantVicePresidentandLucasLomax,VicePresident.ThisPowerol’Attoi'ncymaybesignedandscaledbyIncsimilc(mechanicalorprinted)underandbyauthorityofthi:followiiigResolutionvotedbythe‘Boardsoi'DircctorsofAspenAmericanInsuranceCompany,whichResolutionisnowinfull]forceandeffect:VOTED;Thatthesignatureof"anyoftheOilicersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbyfacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethercol;andanyandallconsentsincidentthereto,andanysuchPoiuerofAttorneyorcerti?catebearingsuchfacsiinitesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybondorundertakingsoexecuted.JNWITNESSWHEREOF,AspenAmericaninsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthisl5thdayol‘.lanuary,2020. AspenAmericaninsuranceCompanySTATEOFCONNECTJCUTSSROCKYHILLCOUNTYOFHARTFORD LucasLomax,ViccOnthisl5"'dayoi"January,2020befoiemepersonallycameLucas.‘Lonnn\tomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisVicePresident,ofAspenAmericaninsuranceCompany,theCompanydescribedinandwhichexecutedtheaboveinstrument;thathdsheknowsthesealofsaidcorporation;thatthesealaltixcdtothesaidinstrumentissuchcorporateseal;andthathe/sheexecutedthesaidinstrumentonbehall'ol‘theCompanybyauthorityofhis/herof?ceundertheaboveResolutionsthereof. l.AURlARNEITMyNotarytD#132093451ExpiresJ232023Mycommissionexpires:July23,2023 my'CERT]FlCATE1,LucasLomaxtheundersigned,VicePresident,ofAspenAmericaninsuranceCompany,astockcorporationoftheStateol"l‘cxas,doherebycenifythattheloregoingPowerof‘AttorneyremainsinfullForceandhasnotbeenrevoked;andFurthcnnorc,thattheResolutionsoitheBoardsofDirectors,assetForthabove,arenowandremainin[hitforceandeft'ect_GivenundermyhandandsealolsaidCompany,inRockyHill,Connecticut,this15Tt—tdayofFEBRUARY,2021 Name:LucasLomax,VicePresident
*Forverificationoftheauthenticityol'thePmx-erol”/tttorneyyoumaycall(860)760-7728oremail:Patricia,'l'abcr@aspen—insnrancecom

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 237 of 959 can?ofLOSANGELES
On ‘?u .
personal)bs(she/maysignaturemtheInstrument
RHONDALARSONNotaryPubxic-CaliforniaLosAngelesCountyCommission:2319798Mycomm.ExplresJun27.1024 CALFORNIAALL-PURPOSEAGKNOWLEDGENT CIVILCODE§1189
Anotarypublicorotherofficercompletingthiscerti?cateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia))beforeme_RHONDALARSON,NOTARYPUBLICDate HereInsertNameandTitleoftheOfficerpersonallyappearedADRIANAV ALENZUELAName(s)ofSigner(s)whoprovedtomeonthebasisofsatisfactoryevidencetobethe whosenameto)is/a(9(subscribedtothewithininstrumentandacknowledgedtomethat executedthesameinprmher/t)(é(rauthorizedcapacityoex,andthatby)(i)!lher/tlqxron thepersonaio,ortheentityuponbehalfofwhichtheperson?)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsofthe thattheforegoingparagraphistrue§ seal.SignatureofNotaryPublicRHONDANOTARYPUBLIC PlaceNotarySealAboveOPTIONALThoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument: DocumentDate:NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer'sName: Signer'sName:3CorporateOfficer— Title(s): , CorporateOf?cer— Title(s):Partner— LimitedCGeneral T
Partner— LimitedIIGeneralindividual[IAttorneyinFact
'
individualElAttorneyinFact:1Trustee1:1GuardianorConservatorETrusteeE2GuardianorConservatorOther: _ Other:SignerlsRepresenting:SignerlsRepresenting:
©2014NationalNotaryAssociation~www.NationalNotary.org-1-800-USNOTARY(1-800-876-6827)Item#5907

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AGENDA ITEM #8.11
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V
iHer:InseZNameitleI f?cer
whoprovedtomeonthebasisofsatisfactoryevidencetobethepersontskwhosenameis/ece._subscribedtothewithininstrumentandacknowledgedtomethathe/eheult-heyexecutedthesaeinhislher/theirauthorizedcapacity?es),andthatbyhis/her/thei1'~signature‘(3)\ontheinstrumenttheperson(s)\ortheentityuponbehalfofwhichthepersonlbjgcted,executedtheinstrument.

DWILDERNotaryPublic~ CaiilormaOrangeCuunlv3CommissionI1351432Mycomm,ExoiresJan15.1025 CALIFORNIAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCountyofOn beforeme, andofpersonallyappeared Name(s)ofSigner(s) IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSmyhandandofficialseal.SignaturetureofNotaryPublic PlaceNotarySealAboveOPTIONALThoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument: DocumentDateNumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName: Signer’sName:CorporateOfficer— Title(s) CorporateOfficer— Title(s)Partner— LimitedGeneralPartner— LimitedGeneralIndividualAttorneyinFact individualAttorneyinFactTrusteeGuardianorConsen/atorTrusteeGuardianorConservatorOther: Other:SignerlsRepresenting:SignerlsRepresenting ©2014NationalNotaryAssociation-www.NationalNotary.org-1-800-USNOTARY(1-800-876-6827)item#5907 :2:

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AGENDA ITEM #8.11
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Company;
NinelvSevenThousandSevenHundredTwentyTwoand60/100

EXECUTEDINDUPLICATE
uthorityOurResponsibility.

BondN0.SU34442PAYMENTBOND(LABORANDMATERIALS)KNOWALLPERSONSBYTHESEPRESENTSthat:WHEREAStheIndieWaterAuthority(“PublicAgency”),hasawardedtoTerraLagoIndio,LLC,aDelawarelimitedliabilitycompany;1260CoronaPointeCourt,Corona,CA92879(NameandaddressofContractor)(“Principal”),acontract(the“Contract”),whichisincorporatedhereinbythisreference,fortheworkdescribedasfollows:K.Hovnanian’sFourSeasonsatTerraLago—Tract32341-12;WaterImprovementsWHEREAS,PrincipalisrequiredunderthetermsoftheContractandtheCaliforniaCivilCodeto?leagoodandsuf?cientpaymentbondwiththePublicAgencytosecurethepaymentofclaimsoflaborers,mechanics,materialpersons,andotherpersonsasprovidedbylaw.NOW,THEREFORE,we,theundersignedPrincipal,andAspenAmericanInsurance175CapitalBlvd.,Suite100,RockyHill,CT06067(NameandaddressofSurety)(“Surety”)adulyadmittedsuretyinsurerunderthelawsoftheStateofCalifornia,asSurety,areheldand?rmlybounduntothePublicAgencyandallsubcontractors,laborers,materialpersons,andotherpersonsemployedintheperformanceoftheContractinthepenalsumofThreeHundredDollars($397,722.60)(the“PenalSum”),thisamountbeingnotlessthanonehundredpercent(100%)ofthetotalContractprice,inlawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhichsumwellandtrulytobemade,webindourselves,ourheirs,executors,administrators,successors,andassigns,jointlyandseverally,?rmlybythesepresents.THECONDITIONOFTHISOBLIGATIONISSUCHTHAT,iftheherebyboundedPrincipal,his,heroritsheirs,executors,administrators,successorsorassigns,orsubcontractorsshallfailtopayanyofthepersonsnamedinSection3181oftheCaliforniaCivilCode,oranyamountsdueundertheUnemploymentInsuranceCodewithrespecttoworkorlaborperformedundertheContract,orforanyamountsrequiredtobededucted,withheld,andpaidovertotheEmploymentDevelopmentDepartment?'omthewagesofemployeesofthePrincipalandsubcontractorspursuanttoSection13020oftheUnemploymentInsuranceCode,withrespecttoworkorlaborperformedundertheContract,theSuretywillpayforthesameinanamountnotexceedingthePenalSumspeci?edinthisbond;otherwise,thisobligationshallbecomenullandvoid.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 240 of 959 ( ) vumwmr,Icl"w’Agl+O)ater
Febma18"‘2021
TermLaguIndiaLLCADelawarelimited AsgcnAmericanInsuranceComgnny [75CapitalBlvd‘Suite100RockyHillCT06067
uthorityOurResponsibility.

Thisbondshallinuretothebene?tofanyofthepersonsnamedinSection3181oftheCaliforniaCivilCodesoastogivearightofactiontosuchpersonsortheirassignsinanysuitbroughtuponthebond.Incasesuitisbroughtuponthisbond,Suretyfurtheragreestopay,inadditiontothePenalSum,allcostsandreasonableexpensesandfees,includingreasonableattorneys’fees,incurredbythePublicAgencyinsuccessfullyenforcingsuchobligation,alltobetaxedascostsandincludedinanyjudgmentrendered.Further,theSurety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,additionormodi?cationtothetermsoftheContract,oroftheworktobeperformedthereunder,orthespeci?cationsforthesame,shallinanywayaffectitsobligationsunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,addition,ormodificationtothetermsoftheContractortotheworkortothespeci?cationsthereunder.SuretyherebywaivestheprovisionsofCaliforniaCivilCode2845and2849.INWITNESSWHEREOF,two(2)identicalcounterpartsofthisinstrument,eachofwhichshallforallpurposesbedeemedanoriginalhereof,havebeendulyexecutedbyPrincipalandSurety,onthedatesetforthbelow,thenameofeachcorporatepartybeingheretoaffixedandthesepresentsdulysignedbyitsundersignedrepresentative(s)pursuanttoauthorityofitsgoverningbody.Dated:“Principal” “Surety” liabilitycompany
1260CoronaPointeCourtFnrnnnFA075170
By: By:$;uék?'1LT¥Its??Le’g?.:3E.”7- AdrianaValenzuela,Fact By: By:Its Its
(Seal) (Seal)
Note:Thisbondmustbeexecutedinduplicateanddated,allsignaturesmustbenotarized,andevidenceoftheauthorityofanypersonsigningasattorney-in-factmustbeattached.

DevelopmentServicesProceduralGuidelines,UpdatedJanuary2016 AppendixD

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AGENDA ITEM #8.11
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1) ,‘g, I, ,-/ma...»
WASPENAspenAmericanInsuranceCompanyI75CapitalBottlevard,RockyHill,Cf06067 POWEROFATTORNEYKNOWALLPERSONSBYTHESEPRIESENTS,THATAspenAtncricantlttsltrnnceCotnp'.tn_v,acorporationrlnlyorganizedunderthelawsoftheStateotTexas,andhavingitsprincipalofficesinRockyHill,Connecticut,(hereinafterthe"Company")doesherebymake,constituteandappoint:Paulliouchcr;DcttttisLnngcr;JaninaMonroe,’MarthaBatt'ct't1s;'l‘imnth_vNoonan;JaninaMonroe;MicltcllcHnasc;andAdriana\~’:tlenztIt:laofLoclttonInsuranceBrokers,LLCitstrueandlawfulAttorney(s)—in-J-‘act,withl'ullpowerandauthorityherebyconferredtosign,executeandacknowledgeonbehalfoftlieCompany,atanyplacewithintheUnitedStates,thefollowinginstrun1cnt(s)byhis/hcrsolcsignatureandact:anyandallbonds,rccognizanccs,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertakingandanyandallconsentsincidentthereto,andtobindtheCompanytherebyasfutlyandtothesarrtuextentasifthesameweresignedb_ythedulyauthorizedofficersofthcCompanyAllactsofsaidAttorney(s)-in-Factdonepursuanttotheauthorityhereingivenareherebyrati?edandcontirmed.ThisappointinentismadeunderandbyauthorityofthefollowingResolutionsoftheBoardofl)irectorsofsaidCompanyeffectiveonApril7,20]l,whichResolutionsarenowinfullforceandeffect;VO'I'IfD:AllExecutiveOflicersoftheCompany(includingthePresident,airyExecutive,SeniororAssistantVicePresident,anyVicePresident,anyTreasurer,AssistantTreasurer,orSecretaryorAssistantSecretary)mayappointAttorneys-in»,FacttoactforandonbeltalfoftheCompanytosignwiththeCotnpan)/snameandsealwiththeCompany'sseal,bonds,recognizances,andothernritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofmidExecutiveOflicersatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher\"O'l'l*lt):TheforegoingauthorityforcertainclassesofollieersoftheCompanytoappointAltorneys—in~FactbyvirtueofaPowerof/tttorneytosignandsealbonds,rccogttrzatices,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,as“ellastorevokeanysuchPowerofAttomey,isherebygrantedspecificallytothefollowingindividualofficersofAspenSpccialtylnsutanceManagement,lnc.:MichaelToppi,ExecutiveVicePresident,ScottS5t(l0WSlt)',SeniorVicePresident,KevinW.Gillan,SeniorVicePresident,tvtnthewRaina,SeniorVicePrcsidcrit,RynttField,SeniorVicePresident;TimothyP.Griflin,VicePresident,KeithFlanncry,VicePresident,MaryE,Duroslto,VicePresident,li_vnnkCampigtirt,VicePresident,RayPhilippon,AssistantVicePresidentandLucasLomnx,VicePresident.ThisPowerofAttorneymaybesignedandsealedbyfacsimile(mechanicalorprinted)underandbyauthorityofthefollowingResolutionvotedbytheBoardsofDirc-ctorsofAspcnAmeticnnhistlranceConipnny,whithResolutionisnowinfullfolccandeffect:VOTED:ThatthesignatureofanyoftheO?icersidenti?edbytitleorspeci?callynamedabovemaybea?ixedbylacsimiletoanyPowerofAttorneyforpurposesonlyofexecutingandattestingbondsandundertaking’midotherwritingsobligatoryinthenaturethereof,andanyandallconsentsincidentthereto,andanysuchPowerof/tttorneyorcerti?catehearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompany.Anysuchpowersoexecutedandcerti?edbysuchfacsimilesignatureand/orfacsimilesealshallbevalidandbindingupontheCompanywithrespecttoanybortdorundertakingsoexecuted,JNWITNESSWHEREOF,AspenAmericaninsuranceCompanyhascausedthisinstrumenttobesignedanditscorporatesealtobeheretoaffixedthisl5thdayofianuary,2020. AspenAmericanInsuranceCompanySTATEOFCONNECTICUTSSROCKYHILLCOUNTYOFHARTFORD LucasLomax,ViccOnthisl5"‘dayofJanuary,2020beforemepersonallycameLucas‘l.untn.\tomeknown,whobeingbymedulysworn,diddeposeandsay;thathe/sheisVicePresident,ofAspenAmericaninsuranceCompany,theCornpanydescribedinandwhichexecutedtheaboveinstrument;thathe/sheknowsthesealofsaidcorporation;thatthesealaitixcdtothesaidinstmmerttissuchcorporateseal;andthathe/she€\’6€ltlE‘(lthesaidinstrumentonbehalloftheCompanybyauthorityofhis/herofficeundertheaboveResolutionsthereof. LAURIARNETTMyNotaryID#132098451Mycommissionexpires:July23,2023 lJuly23'2023CERTJFJCATE1,LucasLoma.\'theundersigned,VicePresident,ofAspenAinericanInsuranceCompany,astockcotpomtionoftheStateol"l’¢;2tm;,doherebycertifythattheforegoingPowerofAttorneyremainsinfullforceandhasnotbeenrevoked;andt'urtln:nnore,thattheResolutionsoftheBoardsofDirectors,assetForthabove,arenowandremaininfullForceandeffect,GivenundermyhandandsealolsaidCompany,inRockyHill,Connecticut,ll)iS1§It;tclayofFEBRUARY,2021 Name:LucasLomax,VicePresitlcnt
‘ForverificationoftheauthenticityolthePowerol‘/lttorneyyoumaycall(860)760-7728oremail:Patricia’l‘aber@aspen»insuraneecotn

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AGENDA ITEM #8.11
Authorize the full release of the performance and payment bond and accep... Page 242 of 959 I I MNTx'xmmw:Lmmmmmmmmvmmwmmmmm.r mwamwmmxmmammm
CgumyofLOSANGELES
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apersonlns1rumentacknowledgedtomethatp9(sha/megpacityaeq.ha!by)G¥lhar/u?rsignalurem IcertifyunderPENALTY
SinatureofNotaryPublicHONDAARSON.NOTARYPUBLI
wmxmuwmm<mmu.mw&vw«m;mm mvmmswrmz<mmx/mwx
CALFORMAALL-PURPOSEAGKNOWLEDGE CIVILCODE§1189
Anotarypublicorotherofficercompletingthiscerti?cateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornia))beforeme,RHONDALARSON,NOTARYPUBLICDate HereInsertNameandTitleoftheOf?cerpersonallyappearedADRIANAV ALENZUELAName(s)ofSigner(s) whoprovedtomeonthebasisofsatisfactoryevidencetobeth whosenamegs)is/a(9(subscribedtothewithinand executedthesameinM?her/t)(e(rauthorizedca andt ontheinstrumentthepersonm,ortheentityuponbehalfofwhichtheperson?)acted,executedtheinstrument.OFPERJURYunderthelawsthattheforegoingparagraphistrueRHONDALARSON seal.5 N°W'YPublicCalifornia2‘ Col-$1/tngelesCountyman.4-‘2329998.Comm.ExpiresJun27,2024SgnatureR C PlaceNotarySealAboveOPTIONALThoughthissectionisoptional,completingthisinfonnationcandeteralterationofthedocumentor?audulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDate:NumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName: Signer’sName:ElCorporateOf?cer— Trt|e(s): _ CorporateOf?cer— Title(s):Partner— LimitedGeneral —
Partner— ClLimitedElGeneralIndividualElAttorneyinFact
‘
IndividualI:AttorneyinFactTrusteeClGuardianorConservator3TrusteeEGuardianorConservatorOther: Other:SignerlsRepresenting:SignerlsRepresenting:
@2014NationalNotaryAssociation-www.NationalNotary.org-1-800-USNOTARY(1-800-876-6827)Item#5907

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AGENDA ITEM #8.11
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CALFORMAALL-PURPOSEACKNOWLEDGMENTCIVILCODE§1189
Anotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCalifornCountyofOn beforeme,Date InsertandtheOfficerpersonallyappeared Name(s)ofSigner(s) IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSmyandofficialseal.D.WILDERNotarcy)Public-California " c0m,,:{::§:nC§’48ZSignatureComm.ExpiresJan15.2025 SignaOfNotaryPublic NNAI
PlaceNotarySealAboveOPTIONALThoughthissectionisoptional,completingthisinformationcandeteralterationofthedocumentorfraudulentreattachmentofthisformtoanunintendeddocument.DescriptionofAttachedDocumentTitleorTypeofDocument DocumentDateNumberofPages:Signer(s)OtherThanNamedAbove:Capacity(ies)ClaimedbySigner(s)Signer’sName Signer’sNameCorporateOfficer— Title(s) CorporateOfficer— Title(s) , Partner— LimitedGeneralPartner— LimitedGeneralIndividualAttorneyinFact IndividualAttorneyinFactTrusteeGuardianorConservatorTrusteeGuardianorConservatorOther: Other:SignerlsRepresentingSignerisRepresenting:
©2014NationalNotaryAssociation-www.NationalNotary.org-1-800-USNOTARY(1-800-876-6827)Item#5907

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AGENDA ITEM #8.11
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City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Andrew Ansoorian, Dir. Of Human Resources & Risk Management Subject: Agreement for Special Legal Counsel Services with the law firm of Liebert Cassidy Whitmore.

RECOMMENDATION:

Approve the Special Counsel legal services agreement with the law firm of Liebert Cassidy Whitmore in an amount not to exceed $300,000 each fiscal year.

SUMMARY:

BACKGROUND INFORMATION:

Liebert Cassidy Whitmore provides the City with special legal services pertaining to labor and employment matters, including representation in negotiations and in administrative and court proceedings, as requested by the City of Indio or required by law. The firm is requesting approximately a 2.4% increase effective July 1, 2023, to bring them in line with their other clients.

The last rate increase occurred in 2022. The newly proposed rates are reflected in Attachment 1 to the Agreement for Special Services. Liebert Cassidy Whitmore has provided employment legal services to the City of Indio for more than 25 years. This relationship will allow for continued seamless collaboration on current open and future legal matters. jjjj

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$300,000 In current year budget: Yes
Current FY General
Fund Impact:
$300,000 Budget adjustment: No
Next FY Financial
Impact:
$300,000 Strategic Objective: Financial &
Environmental
Sustainability
Source of funds: HR Purchase Services: Legal Fund-Org-Object Reference:
1011122-521056

AGENDA ITEM #8.12
Agreement for Special Legal Counsel Services with the law firm of Lieber... Page 245 of 959 Additional Financial Details:

Service cost will not exceed $300,000 per fiscal year. The cost of this agreement is incorporated into the adopted fiscal year 23/24 budget.

ATTACHMENTS:

RevisedLCWAgreement07.19.23

APPROVAL(S):

Jillian Martins, Assistant City Attorney Approved - 25 Jul 2023 Bryan H. Montgomery, City Manager Approved - 26 Jul 2023

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AGREEMENT FOR SPECIAL SERVICES
This Agreement is entered into between the law firm of LIEBERT CASSIDY WHITMORE, A Professional Corporation (“Attorney”), and the CITY OF INDIO, A Municipal Corporation (“City”) as of July 1, 2023.

1. Term
This Agreement is effective July 1, 2023 (“Effective Date”) and is ongoing until terminated by the parties. This agreement shall be terminable by either party upon thirty (30) days written notice.

2. Attorney’s Services
Attorney agrees to provide City with representational and legal services pertaining to employment relations matters, including representation in negotiations and in administrative and court proceedings, as requested by City.

3. Fees, Costs, Expenses
City agrees to pay Attorney the sums billed monthly for time spent by Attorney in providing the services, including reasonable travel time, not to exceed Three Hundred Thousand Dollars ($300,000.00) each fiscal year during the term of this Agreement pursuant to the hourly rates set forth in the Public Agency Fee Schedule attached to this Agreement.

The current range of hourly rates for Attorney time is from Two Hundred and Thirty to Four Hundred and Fifteen Dollars ($260.00 - $425.00), Two Hundred Sixty Dollars ($270.00) for Labor Relations/Human Resources Consultant time, and from One Hundred Forty-Five to One Hundred and Eighty- Five Dollars ($145.00 - $185.00) for time of paraprofessional and litigation support staff. All time is billed in minimum units of one-tenth of an hour.

Notwithstanding, no separate charge shall be made by Attorney for secretarial or word processing services.

City agrees to reimburse Attorney for necessary costs and expenses incurred by Attorney on behalf of City. Attorney bills photocopying charges at Fifteen Cents ($0.15) per page and facsimile charges at Fifty Cents ($0.50) per page as set forth in the Public Agency Fee Schedule attached to this Agreement.

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Payment by City against monthly billings is due upon receipt of statements, and is considered delinquent if payment is not received within thirty (30) days of the date of the invoice.

4. Insurance Coverage.

A. Attorney shall maintain at all times during the term of this Agreement policies of insurance with at least the minimum coverage specified below:

1. General Liability insurance with a combined single limit of not less than One Million Dollars ($1,000,000).

2. Workers’ compensation coverage in compliance with
California law.

3. Professional errors and omissions coverage with a minimum limit of liability of Two Million Dollars ($2,000,000) in the aggregate, providing coverage for damages or losses suffered as a result of wrongful errors or omissions or neglect by Attorney that arises out of the professional services rendered by Attorney under this Agreement. Such insurance may be subject to reasonable terms, limitations and conditions and a self-insured retention or deductible to be borne entirely by Attorney.

4. Any additional insurance required by the State of California.

B. Prerequisites. All insurance coverage required by this Agreement shall (1) provide a minimum thirty (30) days written notice of modification or cancellation; (2) be maintained in full force and effect throughout the term of this Agreement; and (3) the general liability policy shall name the City as an additional insured.

C. The insurance requirements in this Section 4 are not intended as a limitation on insurance coverage, nor a waiver of any coverage normally provided by any insurance policy issued to Attorney. Specific reference to a given coverage feature is for purposes of clarification only and is not intended by any party to be all inclusive, or to the exclusion of other coverage, or a waiver of any type.

5. Indemnification.

Attorney shall defend, indemnify and hold the City, its officials, officers, employees, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of any wrongful or negligent errors, omissions or inaction of Attorney, its officials, officers, employees, agents, Attorneys, and contractors arising out of

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performance of Attorney’s services as provided in this Agreement. This Section 5 shall survive the expiration or termination of this Agreement.

6. Conflicts of Interest.

Attorney agrees not to accept any employment during the term of this Agreement by any other person, firm or corporation which employment may create a conflict of interest with the interests of City.

7. Arbitration of Professional Liability or Other Claims.

Disputes. If a dispute between City and Attorney arises over fees charged for services, the controversy will be submitted to binding arbitration in accordance with the rules of the California State Bar Fee Arbitration Program, set forth in California Business and Professions Code, sections 6200 through 6206.

The arbitrator or arbitration panel shall have the authority to award to the prevailing party attorneys’ fees, costs and interest incurred. Any arbitration award may be served by mail upon either side and personal service shall not be required.

If a dispute arises between City and Attorney over any other aspect of the attorney-client relationship, including, without limitation, a claim for breach of professional duty, that dispute will also be resolved by arbitration. It is understood that any dispute as to any alleged breach of professional duty (that is, as to whether any legal services rendered under this agreement were allegedly unnecessary, unauthorized, omitted entirely, or were improperly, negligently or incompetently rendered) will be determined by submission to arbitration as provided by California law, and not by a lawsuit or resort to court process except as California law provides for judicial review of arbitration proceedings. Both parties to this agreement, by entering into it, are giving up their constitutional right to have any such dispute decided in a court of law before a jury, and instead are accepting the use of arbitration.

8. File Retention.

After our services conclude, Attorney will, upon City’s request, deliver the file for the matter to City, along with any funds or property of City’s in our possession. If City requests the file for the matter, Attorney will retain a copy of the file at the City’s expense. If City does not request the file for this matter, we will retain it for a period of seven (7) years after this matter is closed. If City does not request delivery of the file for this matter before the end of the seven (7) year period, we will have no further obligation to retain the file and may, at our discretion, destroy it without further notice to City. At any point during the seven (7) year period, City may request delivery of the file.

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9. Assignment.

This Agreement is not assignable by Attorney without the written consent of City.

10. Independent Contractor.

It is understood and agreed that Attorney, while engaged in performing the terms of this Agreement, is an independent contractor and not an employee of City.

11. Authority.

The signators to this Agreement represent that they hold the positions set forth below their signatures, and that they are authorized to execute this Agreement on behalf of their respective parties and to bind their respective parties hereto.

12. Entire Agreement.

This Agreement represents the entire and integrated Agreement between City and Attorney and supersedes any and all prior negotiations, representations or agreement, either written or oral. This Agreement may be amended only by written instrument signed by both City and Attorney.

13. Time of Performance; Efficiency of Services; Cooperation.

The services of Attorney shall be performed expeditiously in light of the purposes of this Agreement. Attorney shall follow all procedures as established by the City consistent with its duties. Attorney shall work cooperatively with appropriate City staff and keep them informed on all matters of importance as they arise.

14. Non-Discrimination.

In the performance of this Agreement, Attorney shall comply with all applicable provisions of the California Fair Employment and Housing Act (California Government Code Sections 12900 et seq.) and the applicable equal employment provisions of the Civil Rights Act of 1964 (42 U.S.C. 2203 - 217), whichever is more restrictive.

15. Waiver.

No delay or omission to exercise any right, power or remedy accruing to City under this Agreement shall impair any right, power or remedy of City, nor shall it be construed as a waiver of, or consent to, any breach or default. No

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waiver of any breach, any failure of a condition, or any right or remedy under this Agreement: (1) shall be deemed effective unless it is in writing and signed by City; (2) shall be deemed to be a waiver of, or consent to, any other breach, failure of a condition, or right or remedy; or (3) shall be deemed to constitute a continuing waiver unless the writing expressly so states.

16. Governing Law and Interpretation.

This Agreement shall be construed and enforced in accordance with the laws of the State of California, without regard to conflict of law principles. The section captions and headings in this Agreement have been inserted for convenience only, and shall not be considered or referred to in resolving questions of interpretation or construction.

17. Attorney Fees.

In any litigation, arbitration or other proceeding by which one party either seeks to enforce its rights under this Agreement (whether in contract, tort or both) or seeks a declaration of any rights or obligations under this Agreement, the prevailing party shall be awarded reasonable attorney fees, together with costs and expenses, to resolve the dispute and to enforce the final judgment.

18. Severability.

If any portion or all of this Agreement is held to be unenforceable for any reason, the remainder of that provision and the remainder of the Agreement shall remain in full force and effect.

19. Notices.

All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose:

To Attorney:

Liebert Cassidy Whitmore
6033 West Century Boulevard
Los Angeles, California 90045
To City:
100 Civil Center Mall
Indio, CA 92201
Attn: City Manager
Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid

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and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred regardless of the method of service.

20. Previous Agreements.

This Agreement supersedes any previous agreements entered into by the parties as of the Effective Date.

CITY OF INDIO:
_____________________________
Bryan Montgomery
City Manager
ATTEST:
____________________________

CYNTHIA HERNANDEZ
City Clerk
APPROVED AS TO FORM:
____________________________

STEVEN GRAHAM
City Attorney

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LIEBERT CASSIDY WHITMORE,
A Professional Corporation
Name:

Title:

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I. PUBLIC AGENCY FEE SCHEDULE
Hourly Rates (As of Agreement Effective Date)
Partners $425.00
Senior Counsel $355.00
Associates $260.00 - $335.00
Labor Relations/Human Resources
Consultant
Paralegals
Paraprofessionals & Litigation Support
$270.00
$145.00
$
$75.00 - $150.00
E-Discovery Specialists
Law Clerks
$145.00
$145.00 - $185.00
II. COST SCHEDULE

1. Photocopies $0.15 per copy

2. Facsimile Transmittal $0.50 per page

Page 10 of 10 ends

AGENDA ITEM #8.12
Agreement for Special Legal Counsel Services with the law firm of Lieber... Page 254 of 959 City of Indio
City Council
August 16, 2023

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Scott Trujillo, Deputy City Manager
Subject: Addendum No. 2 to LandMark Consultants, Inc. for Construction Testing and Inspection Services at the Public Safety Campus project in the not-to-exceed amount of $93,500.

RECOMMENDATION:

Approve Addendum No. 2 to LandMark Consultants, Inc. for Construct ion Testing and Inspection Services at the Public Safety Campus project for $85,000 plus a 10% contingency not exceeding $93,500 and authorize the City Manager to execute the contract.

SUMMARY:

In April 2022, the City entered into a contract with LandMark Consultants, Inc. to provide construction testing services for the Public Safety Campus. The contract amount was based on preconstruction estimates. However, after considering the contractor's schedule and the actual site conditions, it has become evident that an addendum is necessary to ensure the successful completion of the project within the designated timeline. The following scope of work for inspections remains as follows: CMU walls, parking lots for phases 2 and 3, foundations and steel for canopies, foundations and steel for PV structures, various utility trench backfill, and driveway approaches. It is worth noting that LandMark is a local company operating in the Coachella Valley.

BACKGROUND INFORMATION:

LandMark Consultants, Inc. is a reputable consulting firm specializing in Soils and Materials Engineering, Fault and Seismic Studies, and Construction Materials Testing. As a small engineering firm in the geosciences, they have established offices and laboratories in Palm Desert and El Centro, CA. LandMark Consultants, Inc. is proud to be a 100% MBE (American Indian Cherokee Nation) owned firm, certified by the State of California's Department of Transportation (CALTRANS).

Their facilities hold certifications from the State of California DSA and CALTRANS and are accredited by the American Association of State Highway and Transportation Officials (AASHTO). For the Public Safety Campus project, LandMark Consultants, Inc. is expected to undertake various tasks, including Geotechnical of The Record - Pre Construction Consulting, Rough Grading Observation & Testing, Compaction Testing, Concrete and Masonry Inspection, Nailing Inspection, Field Welding & HSB Inspection, and Ultrasonic Inspection.

It is important to acknowledge that LandMark has been an exceptional partner throughout the Public Safety Campus (PSC) project. They have consistently provided invaluable expertise and have been highly responsive to this large project's demanding schedule and requirements. The PSC consists of AGENDA ITEM #8.13
Addendum No. 2 to LandMark Consultants, Inc. for Construction Testing an... Page 255 of 959 a new Police Dispatch Center, Fire Station Headquarters, and a Public Safety Services Building that will house both fire and police personnel and significant site work.

Their professional services will be paid at the prevailing wage fee schedule at a budget of $85,000 with an additional 10% contingency for a not -to-exceed amount of $93,500. Upon approval of Addendum No. 2, the contact with Landmark Consultants will total $377,242.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$93,500 In current year budget: Yes
Current FY General
Fund Impact:
$0 Budget adjustment: No
Next FY Financial
Impact:
$0 Strategic Objective: Public Safety
Source of funds: 2022 Lease Revenue Bond
Proceeds Fund-Org-Object
Reference:
331-553005

ALTERNATIVES:

Modify the addendum to LandMark Consultants, Inc.

ATTACHMENTS:

Attachment 1: PSA LandMark Consultants
Attachment 2: Landmark Addendum No.1
Attachment 3: Landmark Addendum No.2
Attachment 4: Second Amendment to PSA

APPROVAL(S):

Rob Rockwell, Asst. City Manager & Dir. Of Finance Approved - 07 Aug 2023 Steven Graham, City Attorney Approved - 07 Aug 2023
Bryan H. Montgomery, City Manager Approved - 08 Aug 2023

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AGENDA ITEM #8.13
Addendum No. 2 to LandMark Consultants, Inc. for Construction Testing an... Page 256 of 959 ScogeofServices.

CompliancewithLaws

PROFESSIONALSERVICESAGREEMENT
THISAGREEMENTismadeandenteredintoasof20thdayofApril,2022("EffectiveDate")byandbetweentheCityoflndio,amunicipalcorporation("City”)andLandMarkConsultants,Inc.("Consultant").RECITALSA.CitydesirestoobtaincertainprofessionalservicesasdescribedinthisAgreement.B.Consultantrepresentsthatitisqualifiedbyvirtueofexperience,training,educationandexpertisetoprovidetheservicesrequiredbytheCity.NOW,THEREFORE,inconsiderationofthemutualpromisescontainedherein,thepartiesagreeasfollows:1.TermofAgreement.ThisAgreementshallcommenceontheEffectiveDateandshallremainandcontinueineffectuntiltheServicesarecompletedunlesssoonerterminatedasprovidedinSection14.2.Consultant’sServices.A. ConsultantshallperformtheservicesdescribedintheScopeofServices("Services")attachedasExhibitA.TotheextentthatExhibitAisaproposalfromConsultant,suchproposalisincorporatedonlyforthedescriptionofthescopeofservicesandnoothertermsandconditionsfromsuchproposalshallapplytothisAgreementunlessspecificallyagreedtobytheCityinwriting.B.StandardofPerformance.ConsultantshallatalltimesfaithfullyandcompetentlyperformtheServicesinaccordanceinamannersatisfactorytotheCityandconsistentwiththeskillandstandardofcaregenerallyexercisedbylikeprofessionalsundersimilarcircumstances.C.TimeofPerformance.ConsultantshallcommencetheServicesuponreceiptofawrittennoticetoproceedfromCityandshallperformallServicesinconformancewiththetimelinesetforthinExhibitAorasotheniviseestablishedbythePartiesinwriting.D.Personnel.Consultanthas,orshallsecureatitsownexpense,allpersonnelrequiredtoperformtheServicesrequiredunderthisAgreement.AlloftheServicesshallbeperformedbyConsultantorunderitssupervisions,andallpersonnelengagedintheworkshallbequalifiedtoperformsuchServices.E. .ConsultantshallkeepitselfinformedofStateandFederallawsandregulationswhichinanymanneraffecttheperformanceofitsServicesunderthisAgreement.Consultantshallatcomplywithallapplicablefederal,stateandlocallaws,ordinance,codesandregulations.TheCityshallnotbeliableatlaworinequityoccasionedbyfailureofConsultanttocomplywiththisprovision.F.PermitsandLicenses.ConsultantshallobtainandmaintainduringtheAgreementtermallnecessarylicenses,permitsandcertificatesrequiredbylawfortheperformanceoftheServicesunderthisAgreement,includingabusinesslicense.1

Page 3 of 35 ends

Indio City CouncilAugust 16, 2023

Indio City Council
August 16, 2023