Surety Bond No. K40570044
Premium: $7,640.00
FAITHFUL PERFORMANCE BOND
(Construction Permits - Public Works No. GP-2021-21081) KNOW ALL MEN BY THESE PRESENTS that we, Beazer Homes Holdings, LIC a Delaware limited liability company, as Principal, and the Federal Insurance Company - whose place of business is 555 S. Flower Street, Suite 300, Los Angeles, CA 90071 corporation organized and doing business under and by virtue of the laws of the State of Indiana _ 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 onto the CITY OF RIVERSIDE, CALIFORNIA, in the just and full sum of One Million Two Hundred Seventy Three Thousand Three Hundred and 00/100 dollars ($1,273, 300.00) lawful money of the United States of America, for the payment of which, well and truly to be made, we hereby bind ourselves, and our and each of our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS THAT;
WHEREAS, the Principal has applied for a construction permit for Construction of Street Improvements identified by Public Works Nos. GP-2021-21081 for the Residential Development project located in Tract Map 37626, in accordance with City of Riverside ordinances and regulations and subject to completion of certain work and improvements, all as set forth in the copy of contract hereto attached; and,
WHEREAS, the Principal has executed a contract herewith, a copy of which agreement is hereunto attached for the purpose of identification only, whereby the Principal promises the City of Riverside to perform the work and make the improvements therein mentioned within the time and in the manner provided by said contract.
NOW, THEREFORE, if the Principal shall proceed with and complete the said work and improvements in accordance with the provisions of said contract and all applicable ordinances, regulations or policies of the City of Riverside regulating the improvement of lands, then this obligation shall be null and void, otherwise to remain in full force and effect.
The Surety herein and hereby expressly consents to any extension or extensions of time to complete the work and improvements as may be granted to the Principal by the City of Riverside, and hereby expressly waives notice of the granting of any said extension or extensions, and hereby expressly consents to the waiver of the defenses of statutes of limitation, laches and estoppel in the event said extension or extensions are granted.
The Surety and Principal further agree that in the event the work and improvements are not completed within the time allowed by the said contract, 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 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 contract.
The Surety and Principal further agree that the penal amount of this bond will remain in effect and continue after completion and acceptance of the work and improvements by the City of Riverside for one year from the date of acceptance to guarantee said improvements against any defective work or labor done, or defective materials furnished, in performance of the contract with the City of Riverside.
The Surety, by executing this Faithful Performance Bond, warrants and alleges that it has read the said contract or by signing this bond shall be deemed to have read said contract and knows the contents and all provisions therein contained, and shall be bound by each and every term, condition and provision contained therein.
IN WITNESS WHEREOF, said Principal and said Surety have caused this Performance Bond to be duly executed this _ day of 2022.
Beazer Homes Holdings, LLC a Delaware Federal Insurance Company Principal limited liability company Surety
ChCo
By. By.
Tracy Aston,
Attorney-in-fact
Christopher P. Courtney
It's Authorized Signatory - West Region 555 S. Flower Street, Suite 300 Address of Corporate Surety
310 Commerce, #150
Irvine, CA 92602 Los Angeles, CA 90071
City (Zip Code)
213-612-5704
Phone
By- Aon Risk Insurance Services West, Inc.
Producer (Bond Issuing Agent)
707 Wilshire Blvd., Suite 2600
Address
Los Angeles, CA 90017
City (Zip Code)
213-630-3200
Phone
Note: Signature of Attorney-in-fact to be acknowledged before a Notary Public. Attach Power of Attorney.
Approved as to Form:
By:
Anthony L. Beaumon
Deputy City Attorney
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 March 24,2022 before me, Jessica J. Nicholas, Notary Public Date Here Insert Name and Title of the Officer
personally appeared christopner cowaner
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 personts), 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.
JESSICA J. NICHOLAS WITNESS my hand and official seal.
Notary Public - California
Orange County
Commission # 2359402
My Comm. Exaires May 29, 2025 essican nicho
Signature
Signature of Notary Public
Place Notary Seal Above
- OPTIONAL
Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Docurrype of Document: Surety Bond # K40570044
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:
©2015 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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
MAR 1 7 2022
On before me, Meghan Hanes, Notary Public - personally appeared Tracy Aston who proved to me on the basis of satisfactory evidence to be the person(e) 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 capacityies), and that by his/her/their signature(e) 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.
MEGHAN HANES WITNESS my hand and official seal.
COM. #2280722
Notary Public - California
Los Angeles County
My Comm. Expires Mar. 12, 2023} Uphan lanes
Signature
Signature of Notary Public
CHUBB
Power of Attorney
Federal Insurance Company | Vigilant Insurance Company | Pacific Indemnity Company Westchester Fire Insurance Company | ACE American Insurance Company Know All by These Presents, that FEDERAL INSURANCE COMPANY, an Indiana corporation, VIGILANT INSURANCE COMPANY, a New York corporation, PACIFIC INDEMNITY COMPANY, a Wisconsin corporation, WESTCHESTER FIRE INSURANCE COMPANY and ACE AMERICAN INSURANCE COMPANY corporations of the Commonwealth of Pennsylvania, do each hereby constitute and appoint Rosa E. Rivas of Irvine, California; Tracy Aston, Samantha Fazzini and Meghan Hanes of Los Angeles, California; Eric Allen, Celeste Austria, Donnalyn Revis, Catherine A. Rueter and William F. Ward of San Francisco, California- each as their true and lawful Attorney-in-Fact to execute under such designation in their names and to affix their corporate seals to and deliver for and on their behalf as surety thereon or otherwise, bonds and undertakings and other writings obligatory in the nature thereof (other than bail bonds) given or executed in the course of business, and any instruments amending or altering the same, and consents to the modification or alteration of any instrument referred to in said bonds or obligations.
In Witness Whereof, said FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, PACIFIC INDEMNITY COMPANY, WESTCHESTER FIRE INSURANCE COMPANY and ACE AMERICAN INSURANCE COMPANY have each executed and attested these presents and affixed their corporate seals on this 3rd day of February, 2022.
Atomfte
Dawn M. Chloros, Assistant Secretary Stephen M. Haney, Vice President
STATE OF NEW JERSEY
County of Hunterdon
On this 3rd day of February, 2022 before me, a Notary Public of New Jersey, personally came Dawn M. Chloros and Stephen M. Haney, to me known to be Assistant Secretary and Vice President, respectively, of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, PACIFIC INDEMNITY COMPANY, WESTCHESTER FIRE INSURANCE COMPANY and ACE AMERICAN INSURANCE COMPANY, the companies which executed the foregoing Power of Attorney, and the said Dawn M. Chloros and Stephen M. Haney, being by me duly sworn, severally and each for herself and himself did depose and say that they are Assistant Secretary and Vice President, respectively, of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, PACIFIC INDEMNITY COMPANY, WESTCHESTER FIRE INSURANCE COMPANY and ACE AMERICAN INSURANCE COMPANY and know the corporate seals thereof, that the seals affixed to the foregoing Power of Attorney are such corporate seals and were thereto affixed by authority of said Companies; and that their signatures as such officers were duly affixed and subscribed by like authority.
Notarial Seal
KATHERINE J. ADELAAR
NOTARY PUBLIC OF NEW JERSEY
No. 2316685 Rich flo
Commission Expires July 16, 2024 Notary Public
Resolutions adopted by the Boards of Directors of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY on August 30, 2016; WESTCHESTER FIRE INSURANCE COMPANY on December 11, 2006; and ACE AMERICAN INSURANCE COMPANY on March 20, 2009:
"RESOLVED, that the following authorizations relate to the execution, for and on behalf of the Company, of bonds, undertakings, recognizances, contracts and other written commitments of the Company entered into in the ordinary course of business (each a "Written Commitment"):
(1) Each of the Chairman, the President and the Vice Presidents of the Company is hereby authorized to execute any Written Commitment for and on behalf of the Company, under the seal of the Company or otherwise.
(2) Each duly appointed attorney-in-fact of the Company is hereby authorized to execute any Written Commitment for and on behalf of the Company, under the seal of the Company or otherwise, to the extent that such action is authorized by the grant of powers provided for in such person's written appointment as such attorney-in-fact. (3) Each of the Chairman, the President and the Vice Presidents of the Company is hereby authorized, for and on behalf of the Company, to appoint in writing any person the attorney-in- fact of the Company with full power and authority to execute, for and on behalf of the Company, under the seal of the Company or otherwise, such Written Commitments of the Company as may be specified in such written appointment, which specification may be by general type or class of Written Commitments or by specification of one or more particular Written Commitments.
(4) ch of the Chairman, the President and the Vice Presidents of the Company is hereby authorized, for and on behalf of the Company, to delegate in writing to any other officer of t mpany the authority to execute, for and on behalf of the Company, under the Company's seal or otherwise, such Written Commitments of the Company as are specified in such writt delegation, which specification may be by general type or class of Written Commitments or by specification of one or more particular Written Commitments. (5) The signature of any officer or other person executing any Written Commitment or appointment or delegation pursuant to this Resolution, and the seal of the Company, may be affixed by facsimile on such Written Commitment or written appointment or delegation.
CuRry, SuRe shat the forein ferdion shall net he denied to be as elusive statement of the powers and a rarty of vices, employes and other persons to act for and on behalf of the 1, Dawn M. Chloros, Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, PACIFIC INDEMNITY COMPANY, WESTCHESTER FIRE INSURANCE COMPANY and ACE AMERICAN INSURANCE COMPANY (the "Companies") do hereby certify that (i) the foregoing Resolutions adopted by the Board of Directors of the Companies are true, correct and in full force and effect, the foregoing Power of Attorney is true, correct and in full force and effect.
Given under my hand and seals of said Companies at Whitehouse Station, N], this MAR 172022
Dawn M. Chloros, Assistant Secretary
IN THE EVENT YOU WISH TO VERIFY THE AUTHENTICITY OF THIS BOND OR NOTIFY US OF ANY OTHER MATTER, PLEASE CONTACT US AT:
Telephone (908) 903-3493 Fax (908) 903-3656 e-mail: [email protected] Combined: FED-VIG-PI-WFIC-AAIC (rev. 11-19)