Surety Bond No. CIC1917616
FAITHFUL PERFORMANCE BOND
(CONSTRUCTION)
WHEREAS the City of Riverside, a municipal corporation of the State of California, and UTTAMPAR, INC. hereinafter referred
to as "Principal" • have entered into an agreement whereby Principal agrees to install and complete certain designated public improvements, which said agreement, dated June 25th • 2021, and identified as Agreement for Construction of Improvements for project designated as Parcel Map 33375, is hereby referred to and made a part hereof; and
WHEREAS, said Principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement; NOW, THEREFORE, we, the Principal and Capitol Indemnity Corporation .. a
corporation organized and doing business under and by virtue of the laws of the State of Wisconsin _ and duly licensed by the State of California for the purpose of making, guaranteeing or becoming sole surety upon bonds or undertakings required or authorized by the laws of the State of California, as Surety, are held and firmly bound unto the City of Riverside, in the
penal sum of Iwo Hundred Eighteen Thousand One Hundred Dollars ($218,100.00), Lawful money of the United states, for the payment of which sum well and truly to 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 is the above bounded principal, his, her or its heirs, executors, administrators, successors, or assigns, shall in all things stand to or abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his, her or their 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 Riverside, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect.
The Surety and Principal further agree that in the event the work and improvements are not completed within the time allowed by the said agreement or any extension or extensions thereof as may be granted by the City of Riverside, the City of Riverside may, at its option, and in addition to any FEELEN other remedies available by law, complete or arrange for completion of said work and improvements, and all costs and expenses therefor shall become a debt due and owing said City of Riverside, as set forth in said agreement. 311-57/CL 215B (Rev. 6/86) 1
As a part of the obligation security hereby and in addition to the face amount specified therefor, there shall be included costs and of Riverside in expenses and fees, including reasonable attorney's fees, incurred by the City costs and included in any judgment rendered. successfully enforcing such obligation, all to be taxed as The Surety and Principal further agree that this bond may be reduced to and continue, after completion and acceptance of the work and improvements in ten percent of the face amount of this bond or $300, whichever is greater, writing by the City of Riverside, for one year from the date of acceptance to guarantee said
defective materials furnished, in performance of the contract with the City improvements against any defective work or labor done, or of Riverside.
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 any way affect its obligations 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.
311-57/CL. 215B (Rev. 6/86)
2 IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named on October 29th
• 2021.
Principal
Surety
XBY Devdas- Maheshwar
1600 Aspen Commons
Address OF, Corporate su53562
Middleton, Wi
Dede City (Zip Code)
(800) 462-8135
Phone
Phillip Simons Sally
Producer (Bond Issuing (Agent)
8201 N. Hayden Rd
Address
• See Notarized Attuchment 85258
Scottsdale, AZ
City (Zip Code)
480 947 3556
Phone
Note:
Signature of Attorney-in-fact to be acknowledged before a Notary Public. Attach Power of Attorney.
Approved as to Form:
on BIL
Brandon S. Mercer
Deputy City Attorney
311-57/CL 215B (Rev. 6/86)
3 STATE OF Arizona
SS.
COUNTY OF Maricopa
On October 29, 2021 Kyle Niemtschk, Notary Public
- before me,
PERSONALLY APPEARED Phillip Simons
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)
OR THE STATE KYLE NIEMTSCHK
on the instrument the person(s), or the entity upon behalf Notary Public - Arizona of which the person(s) acted, executed the instrument. Maricopa County Commission # 552493
My Comm. Expires Sep 23, 2022
WITNESS my hand and official seal.
Signature -
This area for Official Notarial Seal •
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CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT • INDIVIDUAL
• CORPORATE OFFICER
TITLE OF TYPE OF DOCUMENT
TITLE(S)
LI PARTNER(S) • LIMITED
• GENERAL
D] ATTORNEY-IN-FACT NUMBER OF PAGES
• TRUSTEE(S)
• GUARDIAN/CONSERVATOR
•I OTHER:.
DATE OF DOCUMENT
SIGNER IS REPRESENTING:
JAME OF PERSON(S) OR ENTITY(IES) SIGNERS) OTHER THAN NAMED ABOVE Platte River Insurance Compan
ID-1 232 (REV. 3/01) ALL-PURPOSE ACKNOWLEDGEMENT
CAPITOL INDEMNITY CORPORATION CIC1917616
POWER OF ATTORNEY Bond Number
KNOW ALL MEN BY THESE PRESENTS, That the CAPITOL INDEMNITY CORPORATION, a corporation of the State of Wisconsin, having its principal offices in the City of Middleton, Wisconsin, does make, constitute and appoint - MICHAEL. D LAPRE; DEBORAH M MCGUCKIN; RYAN ROGERS; KEVIN P SHINE; JAREN MARX - - YVONNE WEATHERFORD; PHILLIP SIMONS; ERIN BROWN; COLLEEN E. WATSON; ARTYCE JOHNSON -- ts true and lawfil Attorneys)-in-fact, to make, execute, seal and deliver for and on its behalf, as surety, and as its act and deed, any and all bonds indertakings and contracts of suretyship, provided that no bond or undertaking or contract of suretyship executed under this authority shall exceed i amount the sum of
- ALL WRITTEN INSTRUMENTS IN AN AMOUNT NOT TO EXCEED: $2,000,000.00 - This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of CAPITOL INDEMNITY CORPORATION at a meeting duly called and held on the 15th day of May, 2002. "RESOLVED, that the President, Executive Vice President, Vice President, Secretary or Treasurer, acting individually or otherwise, be and they hereby are granted the power and authorization to appoint by a Power of Attorney for the purposes only of executing and attesting bonds and undertakings, and other writings obligatory in the nature thereof, one or more resident vice-presidents, assistant secretaries and attorneys)-in-fact, each appointee to have the powers and duties usual to such offices to the business of this company; the signature of such officers and seal of the Company may be affixed to any such power of attorney or to any certificate relating thereto by facsimile, and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company, and any such power so executed and certified by facsimile signatures and facsimile seal shall se valid and binding upon the Company in the future with respect to any bond or undertaking or other writing obligatory in the nature thereof to which it is attached. Any such appointment may be revoked, for cause, or without cause, by any of said officers, at any time." connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given to t torney-in-Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner - Department Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
IN WITNESS WHEREOF, the CAPITOL INDEMNITY CORPORATION has caused these presents to be signed by its officer undersigned and its corporate seal to be hereto affixed duly attested, this 1st day of January, 2020.
Attest: CAPITOL INDEMNITY CORPORATION
ITY CORPOR
Ryan J. Byrnes 2l7 Sund
Senior Vice President,
Chief Financial Officer and Treasurer SEAL John I. Sennott, Jr.
Chief Executive Officer and President
Suzanne n Broadbent
* HISCONSH*
Suzanne M. Broadbent
Assistant Secretary
STATE OF WISCONSIN
COUNTY OF DANE S.S.:
Dand 4. Repele
NOTARY
David J. Regele
Notary Public, Dane Co., WI
COUNTY OF DANE My Commission Is Permanent
Signed and sealed at the City of Middleton, State of Wisconsin this_ 29th October 21 - day of - , 20_
CORPORAL
SEAL
Andrew B. Diaz-Matos
Senior Vice President, General Counsel and Secretary
THIS DOCUMENT HAS BEEN GENERATED FOR A SPECIFIC BOND: IF YOU HAVE ANY QUESTIONS CONCERNING THE AUTHENTICITY OF THIS DOCUMENT CALL 800-475-4450. CIC-ePOA-M (Rev. 01-2020) 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 _ orange
on November 15th ,2021 before me, _ Melvin Lveas II, Notary public.
Date Here Insert Name and Title of the Officer
personally appeared Devdat D. Maheshwari.
Name(s) 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/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.
MELVIN LUCAS II WITNESS my hand and official seal.
Notary Public - California
Orange County
Commission # 2319120
My Comm. Expires Jan 16, 2024 Signature
Signature of Notary Public-
Place Notary Seal Above
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Description of Attached Document
Title or Type of Document: Faithful performance Bond Document Date: 11/15/2021 Number of Pages: 10f4 Signers) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: DeVdat v. Maheshwari 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:
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