Cities Index.
Bond Rider

Riverside City Council
January 6, 2026

Document
Bond Rider
Meeting
January 6, 2026
Body
Riverside City Council
Original file
2.0 MB
Text extracted from the city's file for reading and search. Open the original on riversideca.legistar1.com. That file is the official record.

BOND NO. SURU2210008327
RIDER
To be attached to and form a part of Bond No. SURU2210008327 executed by WEST COAST ARBORISTS, INC. _ as Principal
and by ASCOT INSURANCE COMPANY as Surety,
in favor of CITY OF RIVERSIDE
and effective as of July 1, 2025
In consideration of the mutual agreements herein contained the Principal and the Surety hereby consent to changing Bond Amount
FROM: Ninety-Nine Thousand Five Hundred Dollars and No/100 - -($99,500.00 ) TO: Four Million Four Hundred Eighty-Two Thousand Seven Hundred Ninety-Six Dollars and No/100--$4,482,796.00) Nothing herein contained shall vary, alter or extend any provision or condition of this bond except as herein expressly stated. This rider is effective on the 30th _day of September • 2025/ Signed and sealed this 3rd day of November -, 2025 -•

WEST COAST ARBORISTS, INC
Principal
BY:_
Patrick Mahoney, President

ASCOT INSURANCE COMPANY
Surety
Ros E. Riva
BY: -
Rosa E. Rivas Attorney-in-Fact

APPROVED AS TO FORM
BY:

Deputy City Attorney
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 notary public or other officer completing this certificate verifies only the identity of the individual who signed th ocument to which this certificate is attached, and not the truthfulness, accuracy, or validity of that documer State of California
County of _ Orange
On_ November 4, 2025 before me, _ Sarah Madrid, Notary Public Date Here Insert Name and Title of the Officer
personally appeared Patrick Mahoney
Name(s) of Signers)
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.
jaugh Media
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.

Dee optione of Attached Document Rider
Title or Type of Document: _
Document Date: Number of Pages:

Signer(s) Other Than Named Above: _
Capacity(ies) Claimed by Signer(s)
Signer's Name: Patrick Mahoney Signer's Name:

X Corporate Officer - Title(s):_ President • 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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©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 Orange
On 11/03k025 before me,. Tracy Aston, Notary Public, personally appeared Rosa E. Rivas who proved to me on the basis of satisfactory evidence to be the person(a) 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/theit 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

TRACY ASTON
Notary Public - California the State of California that the foregoing paragraph is true INA Los Angeles County and correct.

Commission # 2444688
My Comm, Expires May 15, 2027
WITNESS my hand and official seal.

Signature
Signature of Notary Public
Ascot Surety & Casualty Company
Ascot Insurance Company
1020 Highland Colony Parkway, Suite 700
Ridgeland, MS 39157
asco
Power of Attorney
KNOW ALL MEN BY THE PRESENTS:

That Ascot Surety & Casualty Company and Ascot Insurance Company, each a corporation organized and existing under the laws of the State of Colorado (the "Companies"), do hereby constitute and appoint:

Tracy Aston, Rosa E. Rivas, Samantha Russell, Meghan Curry, Mary L. Yohnke and Vanessa Fong of Los Angeles, CA (city, state) and each its true and lawful Attorneys)-in-Fact, with full authority to sign, execute, seal, acknowledge and deliver for, and on its behalf, and as its act and deed any place within the United States, or, if the following line is filled in, only within the area and up to the amount therein designated, any and all bonds, undertakings, recognizances, and other contracts of indemnity or writings obligatory in the nature thereof, issued in the course of its surety business, and to bond the Companies as follows:

Any such obligations in the United States not to exceed $100,000,000.00.

The Companies hereby ratify and confirm all and whatsoever said Attorney(s)-in-fact may lawfully do in the premises by virtue of these presents. These appointments are made under and by authority Resolutions adopted by the Board of Directors of the Companies, which resolutions are still in effect:

RESOLVED, that any of the Chief Executive Office, the Chief Operating Officer or the Chief Underwriting Officer, acting in conjunction with the head of the surety business line for the Corporation (each an Authorized Individual" and, collectively, the Authorized Individuals"), are authorized to jointly appoint one or more attorneys-in-fact to represent and act for and on behalf of the Corporation in the transaction of the Corporation's surety business to execute (under the common seal of the Corporation if appropriate) bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature RESOLVED, that in conjunction with the Corporation's transaction of surety business the signatures and attestations of the Authorized Individuals and the seal of the Corporation be affixed to any such Power of Attorney or to any certificate relating thereto (electronic or otherwise) by facsimile and any such Power of Attorney or certificate bearing such facsimile signatures or facsimile seals (electronic or otherwise) shall be valid and bonding upon the Corporation when so affixed with respect to any bond, undertaking, recognizance or tother contract of indemnity or writing obligatory in the nature thereof; RESOLVED, that in connection with the Corporation's transaction of surety business, the facsimile electronic or mechanically reproduced signature of any Authorized Individual, whether made heretofore or hereafter, whenever appearing upon a copy of any Power of Attorney of the Corporation, with signatures affixed as next above noted, shall be valid and binding upon the Corporation with the same force and effect as though manually affixed.

IN WITNESS WHEREOF, the Companies have caused these presents with the respective corporate seals and to be executed by the individuals named below who are duly authorized and empowered to execute the Power of Attorney on the Companies' behalf, this 13'h day of March 2025.

ASCOT SURETY & CASUALTY COMPANY

ASCOT INSURANCE COMPANY
" SEALI " SEAL)
2021 1968
- 2-0.0098 •COLORATE
tara forth
Matthew Conrad Kramer (Chief Executive Officer) Tara North (Executive Vice President, Surety)

STATE OF CONNECTICUT
COUNTY OF FAIRFIELD ) ss.

On this 13" day of March 2025, before me came the above named Chief Executive Officer of each Ascot Surety & Casualty Company and Ascot Insurance Company and the head of the surety business line for each of Ascot Surety & Casualty Company and Ascot Insurance Company, to me personally known to be the individuals described herein, and acknowledged that the seals affixed to the preceding instrument and the corporate seals of each Ascot Surety & Casualty Company and Ascot Insurance Company, and that the said corporate seals and signatures were duly affixed and subscribed to said instrument by the authority and direction of said Companies.

KSENIA E. GUSEVA Ksenic E. Grusel

NOTARY PUBLIC
STATE OF CONNECTICUT Notary Public Ksenia E Guseva
My Commission Expires June 30, 2029 My commission expires on June 30, 2029 1, the undersigned Secretary of the Company, do hereby certify that the foregoing excepts of the Resolution adopted by the Board of Directors of the Companies, and the Power of Attorney issued pursuant thereto, are true and correct, and further certify that both the Resolution and the Power of Attorney are still in full force and effect.

This Certificate may be signed by facsimile under and by the authority of the following resolution of the Board of Directors of the Companies.

RESOLVED, that in connection with the Corporation's transaction of surety business the signatures and attestations of the Authorized Individuals and the seal of the Corporation be affixed to any such Power of Attorney or to any certificate relating thereto (electronic or otherwise) by facsimile and any such Power of Attorney of certificate bearing such facsimile signatures or facsimile seal (electronic or otherwise) shall be valid and binding upon the Corporation when so affixed with respect to any bond, undertaking, recognizances or other contract of indemnity or writing obligatory in the nature thereof; 3rd _day of November. 2025
IN WITNESS WHEREOF; I have hereunto set my hand and affixed the seal of the Companies, this -

ASCOT SURETY & CASUALTY COMPANY

ASCOT INSURANCE COMPANY
One bell
John Gill, Secretary
All Claims Notices should be sent to Ascot Group, 1020 Highland Colony Parkway, Suite 700, Ridgeland, MS 39157: Attention Surety Claims [email protected]

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