CITY OF
FAITHFUL PERFORMANCE BOND
MENIFEE CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Streets and Drainage $ 99,500 Tract Map 35625
Riv. Co. Flood Control $ 0 Other Proj. Ref._IP22-009
Water System $ Bond No. 1195568
Rec. Water $ Premium $ 1,530.00
Sewer System $
Total $ 99,500
Surety Arch Insurance Company. Principal DMSD Cajun Properties, LLC -
Address _3 Parkway, Suite 15600 Address 41760 Ivy Street, Suite 201 City/State Philadelphia, PA City/State Murrieta, CA
Zip code — _19102 Zip 92562
Phone 201-743-4000 Phone 951-780-1085
WHEREAS, the City Council of the City of Menifee, State of California, and DMSD Cajun Properties, LLC (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreements) whereby principal agrees to install and complete the above designated public improvements relating to Parcel Map 35625 / IP22-009, which agreements), dated
and,
WHEREAS, said principal is required under the terms of said agreements) to furnish bond(s) for the faithful performance of said agreements);
NOW, THEREFORE, we the principal and Arch Insurance Company, as surety, are held and firmly bound unto the City of Menifee in the penal sum of Ninety Nine Thousand Five Hundred and no/100, Dollars, ($99,500) lawful money of the United States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents.
The condition of this obligation is such that if the above bonded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreements) and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Menifee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall remain in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of Menifee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered.
FAITHFUL PERFORMANCE BOND
CITY OF
MENIFEE
The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreements) or to the work to be performed there under or the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreements) or to the work or to the specifications..
Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and commencement of construction are not conditions precedent to surety's obligations hereunder and are hereby waived by surety.
When the work covered by the agreements) is complete, the City of Menifee will accept the work and thereupon, the amount of the obligation of this bond is reduced by 90% with the remaining 10% held as security for the one-year maintenance period provided for in the agreements).
IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on November 9th — _2023.
NAME OF PRINCIPAL: DMSD Cajun Properties, LLC
AUTHORIZED SIGNATURE(S):
By:
Name: Dawood Beshay
Title: Managing Member
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY:
AUTHORIZED SIGNATURE:
Bonnie S. Robbins
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT.
10176
This Power of Attorney limits the acts of those named herein, and they have no authority to hind the Company except in the manner and to the extent herein stated.
Not valid for Note, Loan, Letter of Credit, Currency Rate, Interest Rute or Residential Value Guarantees.
POWER OF ATTORNEY
Know All Persons By These Presents:
That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City.
New Jersey (hercinatter referred to as the "Company", does hereby appoint:
Barry R. Page, Bonnie S. Robbins, Brenna P. Tuecelli, Charles P. Boornazian, Rose Vittiglio and William Strong of Longwoud, FL (EACH) its true and lawful Attorneyts)in-Fact. to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety. and as its act and deed Any and all bonds, undertakings, recognizances and other surcty obligations, in the penal sum not exceeding One Hundred Fifty Million Dollars (S150.000,000.00) This authority does not permit the same obligation to be split into two or more bonds In order to bring each such bond within the dollar limit of authority as set forth herein.
The exccution of such bonds. undertakings. recognizances and other surety obligations in pursuance of these presents shall be as binding upon the said Company as fully and amply to all intents and purposes. as if the same had been duly executed and acknowledged by its regularly elected officers at its principal administrative office in Jersey City. New Jersey.
This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on August 31. 2022. true and accurate copies of which are hercinafter set forth and are hereby certiled to by the undersigned Secretary as being in full force and effect:
"VOTED. That the Chairman of the Board. the President. or the Executive Vice President, or any Senior Vice President, of the Surery Business Division, or their appointees designated in writing and tiled with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys-in-fact, and to authorize them subject to the limitations set forth in their respective powers of attorney. to execute on behalf of the Company, and attach the seal of the Company thereto. bonds, undertakings. recognizances and other surely obligations obligatory in the nature thereof. and any such officers of the Company may appoint agents for This Power of Attorncy is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on August 31, 2022:
VOTED, That the signature of the Chairman of the Board. the President, or the Executive Vice President. or any Senior Vice President. of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on August 31. 2022, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. In Testimony Whereof. the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this g day of June. 2023
"surance
Attested and Certified Arch Insurance Company
CAPURATE
A.8
Arch SEAL
1977
Regan • Shulman. Secretary Stephen C. Ruschak, Executive Vice President
STATE OF PENNSYLVANIA SS
COUNTY OF PHILADELPHIA SS Missouri
1. Michele Tripodi. a Notary Public, do hereby certify that Regan A. Shulman and Stephen C. Ruschak personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed. sealed with the corporate seal and delivered the said insirument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth.
Commonsusatia ol oury seal
MICHELE 1 y polle
He Com My 31, 2025
Com ee 1568622 My commission expires 07-31/2025
CERTIFICATION
I, Regan A. Shulman, Secretary of the Arch insurance Company, do hereby certity that the attached Power of Attorney dated June 8, 2023 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate: and I do further certify that the said Stephen C. Ruschak, who executed the Power of Attorney as Exccutive Vice President, was on the date of execution of he attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Compar N TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this 9th day of Novembe 2023.
Rog 4.94
Regan A. Shulman. Secretary
This Power of Attorney limits the acts of those named therein to the bonds and underlakings specifically named thercin and they have no authority to hind the Compan except in the manner and to the extent herein stated
LEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRES rch Insurance - Surety Divisic
Shadearis, PAS 15102 CORPORATE
SEAL
1971
To verity the authenticity of this Power of tomer, please contact Arch maurance company or surety [email protected] Please refer to the above named Attorney-in-fact and the details of the band to which the power is attached.
AICPOA040120 Printed in U.S.A.
Certificate of Acknowledgement.
State of Florida
. Seminole
LIDU 9,2023 Damaris Martinez
• before
(nctary;
(daté
Bonnie S. Robbins
personally appeared, (signers)
personally known to me
-- OR
proved to me on the basis of satisfactory evidence to be the person (s) whose name (s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity (ies), and that by his/her/their signature(s) on the instrument the person (s) the entity upon behalf of which the persons acted, executed the WITNESS my hand and official seal
amous alie
December 3, 2026
My Commission Expires:
DAMARIS MARTINEZ
NOTARY PUBLIC
(seal)
STATE OF FLORIDA
NO. HH318261
MY COMMISSION EXPIRES DEG. 09, 201
CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
county or Riverside
on NOV 14. 2023 Olivia Solis, Notary Public
_ before me, _
Date Here Insert Name and Title of the Officer
personally appeared Dawood Beshay
Namels of Signer(s
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
OLIVIA SOLIS
Notary Public - California WITNESS my hand and official seal.
Riverside County
Commission # 2393622
My Comm. Expires Feb 10, 2026
Shr 8a.
Signature
Place Notary Seal and/or Stamp Above Signature of Notary Public - OPTIONAL
Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document:
Document Date: Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signers)
Signer's Name: Signer's Name:
• Corporate Officer - Title(s): • Corporate Officer - Title(s):
• Partner - • Limited • General • Partner - D Limited • General • Individual • Attorney in Fact • Individual • Attorney in Fact • Trustee • Guardian or Conservator • Trustee • Guardian or Conservator • Other: • Other:
Signer is Representing: Signer is Representing: _
0:8885233089808330888088848888888@088838388989808880:N898:0888580883:80NE00081098083088898803389030888883880488833898893032331818888838988 ©2019 National Notary Association
MENIFEE MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
FOR: Streets and Drainage $ 49,750 Tract/Parcel Map 35625 Water System $ Bond No 1195568
Sewer System $ 0 Premium $ 1,350.00
Total $ 49,750
Surety Arch Insurance Company Principal DMSD Cajun Properties, LLO Address _3 Parkway, Suite 1500 Address _ 41/60 Ivy Street, Suite 201 City/State Philadelphia, PA City/State — Murrieta, CA
Zip. 19102 Zip 92562
Phone 201-743-4000 Phone 951-780-1085
WHEREAS, the City Council of the City of Menifee, State of California, and DMSD Cajun Properties, LLC, (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreements) whereby principal agrees to install and complete the above designated public improvements relating to IP22-009 _ Which agreements), dated insert date(s), is/are hereby referred to and made a part hereof; and, WHEREAS, under the terms of said agreements), principal is required, before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Menifee to secure the claims to which reference is made in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code of the State of California; NOW, THEREFORE, said principal and the undersigned, as corporate surety, are firmly bound unto the City of Menifee and all contractors, subcontractors, laborers, material suppliers, and other persons employed in the performance of the agreements) and referred to Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sum of Forty Nine Thousand Seven Hundred Fifty and no/100 _ Dollars, ($ 49,750) for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of Menifee in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered.
It is hereby expressly stipulated and agreed upon that this bond shall inure to the benefit of any and all persons, companies and corporations entitled to file claims under Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond.
Should the condition of this bond be fully performed, then this obligation shall become null and void; otherwise, it shall be and remain in full force and effect. 10/26/20
MATERIAL AND LABOR BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreements) or to the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition.
Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code are not a condition precedent to surety's obligations hereunder and are hereby waived by surety.
IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on — November 9th
NAME OF PRINCIPAL: DMSD Cajun Properties, LLC
AUTHORIZED SIGNATURE(S):
By:
Name: Dawood Beshay
Title: Managing Member
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: Arch Insurance Company
AUTHORIZED SIGNATURE:
Its Attorney-in-Fact Title
Bonnie S. Robbins
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT.
10/26/20
Certificate of Acknowledgement
Florida
State o E
County ef Seminole
1 DU. 9, 202 Damaris Martinez.
betcre me,
(notary;
date
Bonnie S. Robbins
personally appeared,
(signers)
personally known to me
-- OR
proved to me on the basis of satisfactory evidence to be the person (s) whose name (s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature (s) on the instrument the person(s) the entity upon behalf of which the person (s) acted, executed the instrument Camaris Horte
December 3, 2026
My Commission Expires:
DAMARIS MARTINEZ
NOTARY PUBLIC
(seal)
STATE OF FLORIDA
NO. HH318261
MY COMMISSION EXPIRES DEG. 09, 201
•
CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Riverside
on NOV 14,2023 DIiVia SOliS, Notary Public
before me,.
Date Here Insert Name and Title of the Officer
personally appeared Dawood Beshay
Namelf of Signers
who proved to me on the basis of satisfactory evidence to be the person(s whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/tyer/their authorized capacity(ief), and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the
OLIVIA SOLIS
Notary Public • California laws of the State of California that the foregoing Riverside County paragraph is true and correct.
Commission# 2393622
My Comm. Expires Feb 10, 2026 WITNESS my hand and official seal. some Sir star.
Place Notary Seal and/or Stamp Above Signature of Notary Public
OPTIONAL
Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document:
Document Date: Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
• Corporate Officer - Title(s): . • Corporate Officer - Title(s):
• Partner - • Limited • General • Partner - • Limited • General • Individual • Attorney in Fact • Individual • Attorney in Fact • Trustee • Guardian or Conservator • Trustee • Guardian or Conservator • Other: • Other:
Signer is Representing: Signer is Representing:
©2019 National Notary Association
10176
This Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated.
Not valid for Note, Loan, Letter of Credit, Currency Rate, Interest Rate or Residential Value Guarantees.
POWER OF ATTORNEY
Know All Persons By These Presents:
That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City.
New Jerscy (hereina fier referred to as the "Company") does hereby appoint:
Barry R. Page, Bonnie S. Robbins, Brenna P. Tuccelli, Charles P. Boornazian, Rose Vittiglio and William Strong of Longwood, FL (EACH) its true and lawfui Attorneys)in-Fact. to make. execute, seal. and deliver from the date of issuance of this power for and on its behalfas surety. and as its act and deed:
Any and all bonds, undertakings, recognizances and other surety obligations. in the penal sum not exceeding Onc Hundred Fitty Million Dollars (S150,000,000.00).
This authority does not permit the same obligation to be spit into two or more bonds In order to bring each such bond within the dollar limit of authority as set forth ly and amply to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal administrati e execution of such bonds. undertakings, recognizances and other surety obigations in pursuance of these presents shall be as binding upon the said Company office in Jersey Cily. New Jersey.
his Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on August 31. 2022. true and curate copies of which are hereinatter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect VOTED. That the Chairman of the Board. the President. or the Executive Vice President. or any Senior Vice President. of the Surely Business Division. or thei ppointees designated in writing and filed with the Secrctary, or the Secretary shall have the power and authority to appoint agents and anorncys-in-fact, and te thorize them subject to the limitations set forth in their respective powers of allomey. to execute on behalf of the Company, and attach the seal of the Compa reto, bonds, undertakings, recognizances and other surety obligations obligatory in the nature thereof, and any such officers of the Company may appoint agents acceptance of process."
This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on August 31, 2022:
VOTED. That the signature of the Chairman of the Board, the President. or the Executive Vice President. or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secrelary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on August 31. 2022, and any such power so executed. sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. In Testimony Whereof. the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 8th day of June. 2023
nc
Attested and Certified Inster
Arch Insurance Company
CORPORATE
SEAL
1971
Regan? Shulman. Secretary Stephen C. Ruschak, Executive Vice President
STATE OF PENNSYLVANIA SS
COUNTY OF PHILADELPHIA SS Misssari
I, Michele Tripodi, a Notary Public, do hereby certify that Regan A. Shulman and Stephen C. Ruschak personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument. appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed. sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth.
malla of
cary Sear
My 31, 2025 Michel
11168622 My commission expires 07/31/2025
CERTIFICATION
1, Regan A. Shulman, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated June 8, 2023 on hehalf of the personts) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate: and I do further certify that the said Stephen C. Ruschak, who executed the Power of Attorney as Executive Vice President. was on the date of execution of he attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company N TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this 9th day of November Regan A. Shulman. Secretary
This Power of Attorncy limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated
PLEASE SEND ALL. CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS:
Arch Insurance - Surety Division
3 Parkway, Suite 1500
Philadelphia, PA 19102
To very the authenticity of this power tormey, lease entet Arch insurance Compony ar sure Authentirchisurance.com Please refer to the above named Attorney-in-fact and the details of the bond to which the power is attached.
AICPOA040120 Printed in U.S.A.