MATERIAL AND LABOR BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.2)
FOR: Streets and Drainage $ 3,031,750
Flood Control $ 661.750
TracUParcel Map TM31456
Water System $ 231,750 Bond No. 800020758
Sewer System $ 590 250
Surety Atlantic Specialtv lnsurance Companv Principal RCFC lnvestmen LCL Address 605 Hiqhwav 169 N. S
City/State Plvmouth, MN
zip code 55441
Phone 952-852-2431
above design
agreement(s),
uite 800 Address c/o Finqal Fahrnev & Clark
5120 Campus Drive, Su ite 200
City/State
zip
Phone
92660
Newport B .cA
-235-2700
WHEREAS, the City Council of the City of Menifee, State of California, and RCFC lnvestments,LLC, (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreement(s) whereby principal agrees to install and complete the ated public i ents relating to TM31456 , which
hereof;dated 6/? is/are hereby referred to and made a part and,
WHEREAS, under the terms of said agreement(s), 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 agreement(s) and referred to Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sum of Four Million Five Hundred Fifteen Thousand Five Hundred and 00/100 Dollars ($4.515.500.00t for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment lnsurance 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. 10t26120
Premium $lncluded ln Performance Bond
MATERIAL AND LABOR BOND
The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement(s) or to the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition.
Surety further stipulates and agrees that the provisions of Section 2845 ol the Civil Code are not a condition precedent to surety's obligations hereunder and are hereby waived by surety.
NAME OF PRINCIPAL: RCFC lnvestments LLC
AUTHORTZED STGNATURE(S)
Name: Gordon D. Youde
Title: Manager
(rF coRPoRATrON, AFF|X SEAL)
NAME OF SURETY: lantic surance C
AUTHORIZED SIGNATUR Brenda Won VP
rney-in-F Titie
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT.
lvu\'/
t0/26t20
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on Mav25.2022
By:
callFoRl{la ALL-PURPOSE ACK!|OWLEDGUE T CIVIL CODE S 1189 .ncgrc<-.<taoca<_J(i.)a.:4.{r.al]al;ar.f.._cfi '
A notary public or other otficer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity ol that document.
State of California
County of Orange
On May 26,2022 before me, Celeste Y. Staggs, Notary Public Date
personally appeared
Name(s) of Signe(s)
who proved to me on the basis ot satisfactory evidence to be the person(4 whose name(*) islare subscribed to the within instrument and acknowledged to me that he/shdthcy executed the same in his/hBrlth€ir authorized capacity(ifo), and that by his/her/their signature($ on the instrument the person(8), or the entity upon behall 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.
WITNESS my hand and official seal.
Here lnsed Name and Titl6 of the Officer
Gordon D. Youde "
I,
@*#l]lii:[,r,i;,. erfr
,-7
Signature
Signature of Notary Public
Place Notary Seal Above
OPTIONAL
Though this section is optional, completing this information can deter alteration ot the document or fraudulent reattachment of this lorm to an unintended document.
Doscription o, Attached Document
Title or Type of Document:
Document Date:
Signe(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name Gordon D. Youde Signer's Name:
! Corporate Otficer - Title(s): E Corporate Officer - Title(s):
E Partner - ! Limited tr General !Partner - ! Limited n General tr lndividual ! Attomey in Fact
n Trustee n Guardian or Conservator
E Attorney in Fact
n Guardian or Conservator
n lndividual
! Trustee
! Other: n Other:
Signer ls Representing: Signer ls Representing:
Manage r ofRCFC Investments, LLC
Number o, Pages:
-
O2Ol5 National Notary Association ' www.NationalNotary.org ' 1-800-US NOTARY (1 -800-876-6827) ltem #5907 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Los Angeles
t'lAY 2 5 2022
before me, M.Gonzales , Notary Public, personally
appeared Brenda Wong 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 h€/she/they executed the same in his/her/the* authorized capacity{ies}, and that by his/her/thei+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.
WITNESS my hand and official seal.
(seal) ,UZ"*^l ^-M;;;[, Notar{ Pubtic
:
Ili. GONzALES
Nolary P!b,i< - C.,ifohja
Los Angere! CoLntt
Colnmission: 2176.91
Ny Com . ExDares oct 5. 2025
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189
On
Signature
E"turt] Power of Attorney
This po*er ofattorney is signed and sealed by facsimile under the authority of thc lollowing Rcsolution adopted by the Boad of Direclors of ATLANTIC SPECIALTY INSURANCE CoMPANY on the twenty-fifth day of september, 2012:
Resolved: That the signarure of an Authorized Officer, rhe signature of the Secrctary orthe Assjsknl Secretary, and lhe Company seal may be affixed by facsimile to any powerofattomey or to any c€rrificare relating thereto appointing an A(omey-in-Fact for purposes only of exe€uting and sealing any bond, undenaldn& r€cognizance or other wdtten oblig ion in the naore thereof, and any such sigratue and seal where so used, being hereby adopt€d by lhe Company as the original signarure ofsuch officer and the original seal of the Company, to be valid and binding upon lhe Company wilh th€ sam€ force and effect as lhough manually affixed.
IN WITNESS WHEREOF, ATLANTIC SPECIALTY INSURANCE COMPANY has caused these pr€sents to be signed by an Authorized Officer and the seal of the Company to be affixed this rweoty-seventh day of Apnl, 2020.
ts_v
STATE OF MINNESOTA
HENNEPIN COUNTY
a"* .,.oa+ paulJ. Brehm. Senior Vice Presidenl
Or lhis t\denty-seventh day of April, 2020, before me personalty came Paul J. Brehm, Senior Vice President of ATLANTIC SPECIALTY INSURANCE COMPANY, lo me personally known to be the individual and officer described in and who executed the pr€ceding instrumenl, and he acknowledged the execulion of the same, and being by me duly swom, that he is rhe said oflicer of rhe Company aforesaid, and that the seal affixed to the preceding instrumenl is (he seal of said Company and lhal the said seal and the sign.ture as such officer was duly affixed and subsc.ibed to th€ said instrument by the authority and al lhe dirEction of lhe Company. /t*t/,t/t
Notary Public
I, the undersiSned, Secrerary of ATLANTIC SPECIALTY INSURANCE COMPANY, a New York Corporation, do hereby cenify lhat the foreSoing power of attomey is in full force and has not been revoked, and the resolutions sel forth above are now in force. sisnEdandseared. Dated day.f UAY 15.2022
This Power of Attomey expires
January 31, 2025 Kara Barrow, Secretary
Pi.ase dlrect bond verificalions to surctyrDintn.iin\uranct.(unr ALTSoN ollAN flAsH.lioul
IIOTARY P{'8LIC . MilIESOIA
EIc lot3omml plrustrly
2026J 3anul
KNOW ALL MEN BY THESFI PRESENTS, thar ATLANTIC S PECIALTY INSU RANCE COI\4PANY, a New York corporation whh irs principal office in Plymolih, Minnesota, does hereby consritute and appoinr: Tenzer V. Cunningham, Brenda Won& Martha Gonzales, Joaquin Perez, My Hua, Mechelle Larkin, Kathy R.
Mair, Sokha K. Evam, each individually if ther€ be more than one named, its true and lawful Atromey-in-Fact, to mak€, execute, seal and deliver, for and on its behalf as authority shall exceed in amount the sum of: unlimited and the execution of such bonds, recognizances, contracts of indemnity, and all olher writings obligator in rhe nature lhe.eof in pursuance of these presents, shall be as biDdjng upon said Company as if lhey had been fully signed by an authoriz€d officer oflhe Company and s€aled with the Company seal. This Power of Attomey is made and ex€cuted by authority of the {ollowing r€solutions adopted by the Board of Directors of ATLANTIC SPECIAI-TY INSURANCE COMPANY on the twenty-fifth day of September, 2012:
Resolved: That the President, any Senior Vice Presidenr or Vice-President (each an "Authorized Officer") may execure for and in behalf of $e Company any and all bonds, reco8nizances, contracb of indemnity, and all other wdtings obligatory in the nature thereof, and affix the seal of lhe Comp.ny rhereto; and lhat the Authorized Officer may appoint and authorize an Attorn€y-in-Fac( lo execDle on behaLf of the Company any and all such instruments and to affix the Company seal thereto; and thal the Authorized Of[icer may al any time removc any such A(omey-in-Fad and revoke all power and aulhority given to any such Altorney-in- Facr.
Resolved: That rh€ Attomey-in-Facl may be given tull power and authoriry to ex€cute ,or a nd in the name and on beha lf of the Compa ny any and all bonds, recognizanc€s, contracts of indemnity, and all other wdtings obligatory in the nature thereof, and any such inslrument cxeculed by any such Attomey-in-Fact shall be as binding upon the Company as if signed and sealed by an Authorized Officer and, funher, the Attorney-in-Fact is hereby authorized to verify any affidavil requircd to be attached to bonds. recognizances, conrracB of indemnity, and all other writings obligatory in lhe nature thereoi. /fl,,rf,r/"*
1986