FAITHFUL PERFORMANCE BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Streets and Drainage $ ___ 4 ..... .4 ..... 0 ___ 7 ..... 0 ..... 00 ____ _ Tract Map 36658 Backbone Phase 2 Riv. Co. Flood Control $ -------
Water System $ __ 5_4_2 ..... ,5_0_0 __ _
Rec. Water $ ______ _
Sewer System $ __ 2=9"-'1'-'-,5"""'0 ..... 0 __ _
Total $ _____ 5....,,2 ___ 4 ...... 1 ....... 0 ___ 00 ____ _ Other Proj. Ref. ____ _
Bond No. 7901181745
Premium $ 19,654.00
Surety Nationwide Mutual lnsruance Company
Address One West Nationwide Blvd 1-14-301
City/State Columbus, OH
Principal Pulte Home Company, LLC
Address 27401 Los Altos, Suite 400
City/State Mission Viejo. CA
Zip code 43215-2220 Zip 92691
Phone (614) 249-7111 Phone 951-538-5835
WHEREAS, the City Council of the City of Menifee, State of California, and Pulte Home Company. 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 above designated public improvements relating to tract 36658 Backbone Phase 2, which agreement(s), dated _______ , is/are hereby referred to and made a part hereof; and,
WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the faithful performance of said agreement(s);
NOW, THEREFORE, we the principal and Nationwide Mutual Insurance Company , as surety, are held and firmly bound unto the City of Menifee in the penal sum of Five Million Two Hundred Forty-One Thousand and 00/100 Dollars, ($ 5,241,000.00) 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 agreement(s) 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.