MENIFEE
SUBDIVISION MONUMENT BOND
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66496)
Tract Map No. 31456
Bond No. 30212974
Surety Premium $_1,080.00
Surety The Continental Insurance Company Principal_KB Home Cal Management Service LLC Address Address 36310 Inland Valley Drive, Suite 300
151 N. Franklin Street
City/State Chicago IL City/State Wildomar, CA
Zip 60606 Zip _ 92595
Phone 312-822-5000 Phone 951-691-5282
That, KB Home Cal Management Services LLC, subdivider, as principal, and The Conti- nental Insurance Company, a corporation, as surety, are hereby jointly and severally bound to pay to the City of Menifee the sum of One Hundred Eighty Thousand and 00/100, Dollars ($180,000.00).
The condition of this obligation is that, whereas the subdivider, as a condition of the filing of the final map of Tr. 31456, entered into an agreement with the City of Menifee to set Survey Monuments and Tie Points in said tract and furnish Tie Notes therefore and to pay the engi- neer or surveyor performing the work, in full, within 30 days after completion.
NOW, THEREFORE, if the subdivider shall well and truly perform said agreement during the original term thereof, or of any extension of said term that may be granted by the City of Menifee, with or without notice to the surety, 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.
The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or to the work to be performed thereunder 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 agreement 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.
SUBDIVISION MONUMENT BOND
IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on _ November 18th 2024
NAME OF PRINCIPAL: KB Home Cal Management Service LLC
AUTHORIZED SIGNATURE(S):
By:
Name: Scott Hansen
Title: VP Forward Planning
(IF CORPORATION, AFFIX SEAL)
NAME OF SURETY: The Continental Ipsurance.
AUTHORIZED SIGNATURE: Brenda Wong, Attorney-in-Fact
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
i notary public or other officer completing this certificate verifies only the identity of the individua ho signed the document, to which this certificate is attached, and not the truthfulness, accurac! or validity of that document.
State of California
County of Riverside
OnNOV 2 0 2024 _, before me, Desiree A. Perez, Notary Public, personally appeared Scott Hansen, 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.
WITNESS my hand and official seal.
DESIREE A. PEREZ
Notary Public - California
Riverside County
Commission = 2398856
DANG
Desiree A. Perez (SEAL)
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
CIVIL CODE §1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Los Angeles
On 11/18/2024 _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 he/she/they executed the same in his/her/their authorized capacityfies), 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.
WITNESS my hand and official seal.
(seal) Signature Mibmalio
M.Gonzales, Notary Public
M. GONZALES
Notary Pubiic - Carifornia
Los Angeles County
Commission # 2376493
My Comm. Expires Oct 5, 2025
POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY-IN-FACT company in Men By These Present Thy The Continend fate once Company a Pends way inse race somany and el dren ed and eir marantine.
Brenda Wong , Individually
Los Angeles California _ its true and lawful Attorney(s)-in-Fact with full power and authority hereby conferred to sign, seal and execute for and on its behalf bonds, undertakings and other obligatory instruments of similar nature - In Unlimited Amounts -
Surety Bond Number: 30212974
Principal: KB Home Cal Management Service LLC
Obligee: City of Menifee
nd to bind them thereby as fully and to the same extent as if such instruments were signed by a duly authorized officer of the insurance company and all the acts of sai ttornev, pursuant to the authority hereby given is hereby ratified and confirmed This Power of Attorey is made and executed pursuant to and by authority of the By-Laws and Resolutions, printed below, duly adopted, as indicated, by the Board of Directors of the insurance company.
In Witness Whereof, The Continental Insurance Company has caused these presents to be signed by its Vice President and its corporate seal to be hereto affixed on this 13th day of March, 2024.
The Continental Insurance Company
O taster
Larry Kasten Vice President
State of South Dakota, County of Minnehaha, ss:
On this 13th day of March, 2024, before me personally came Larry Kasten to me known, who, being by me duly sworn, did depose and say: that he resides in the City of Sioux Falls, State of South Dakota; that he is a Vice President of The Continental Insurance Company, a Pennsylvania insurance company, described in and which executed the above instrument; that he knows the seal of said insurance company; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said insurance company and that he signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said insurance company.
M. BENT
ATARY.PURL M. Bent
A SOUTH DAKOTA BEAL
My Commission Expires March 2, 2026 M. Bent Notary Public
CERTIFICATE
I, Paula Kolsrud, Assistant Secretary of The Continental Insurance Company, a Pennsylvania insurance company, do hereby certify that the Power of Attorney herein above set forth is still in force, and further certify that the By-Laws and Resolutions of the Board of Directors of the insurance company printed below are still in force. In testimony whereof I have hereunto subscribed my name and affixed the seal of the said insurance company this day of November The Continental Insurance Company
Gaula Kolarud
Paula Kolsrud Assistant Secretary
Authorizing By-Laws and Resolutions
ADOPTED BY THE BOARD OF DIRECTORS OF THE CONTINENTAL INSURANCE COMPANY:
This Power of Attorney is made and executed pursuant to and by authority of the following resolution duly adopted by the Board of Directors of the Company at a meeting held on May 10, 1995.
"RESOLVED: That any Senior or Group Vice President may authorize an officer to sign specific documents, agreements and instruments on behalf of the Company provided that the name of such authorized officer and a description of the documents, agreements or instruments that such officer may sign will be provided in writing by the Senior or Group Vice President to the Secretary of the Company prior to such execution becoming effective." This Power of Attorney is signed by Larry Kasten, Vice President, who has been authorized pursuant to the above resolution to execute power of attorneys on behalf of The Continental Insurance Company.
This Power of Attorney is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of the Company by unanimous written consent dated the 25th day of April, 2012:
"Whereas, the bylaws of the Company or specific resolution of the Board of Directors has authorized various officers (the "Authorized Officers") to execute various policies, bonds, undertakings and other obligatory instruments of like nature; and Whereas, from time to time, the signature of the Authorized Officers in addition to being provided in original, hard copy format, may be provided via facsimile or otherwise in an electronic format (collectively, "Electronic Signatures"); Now therefore be it resolved: that the Electronic Signature of any Authorized Officer shall be valid and binding on the Company."
This Power of Attorney may be signed by digital signature and sealed by a digital or otherwise electronic-formatted corporate seal under and by the authority of the following Resolution adopted by the Board of Directors of the Company by unanimous written consent dated the 27th day of April, 2022:
"RESOLVED: That it is in the best interest of the Company to periodically ratify and confirm any corporate documents signed by digital signatures and to ratify and confirm the use of a digital or otherwise electronic-formatted corporate seal, each to be considered the act and deed of the Company." Form F6850-2/2024