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Maintenance Bond

San Leandro City Council
February 7, 2022

Document
Maintenance Bond
Meeting
February 7, 2022
Body
San Leandro City Council
Original file
422 KB
Text extracted from the city's file for reading and search. Open the original on legistar1.granicus.com. That file is the official record.

MAINTENANCE BOND
BOND NO. 4399952-M
PREMIUM Included in Cost of
Performance Bond
KNOW ALL MEN BY THESE PRESENTS:

That, SLTC, LLC
as Principal and SureTec Insurance Company , a corporation organized and existing under the laws of the State of Texas and authorized to transact business in the State of California _ (hereinafter called "Surely"), as Surety, aro held and firmly bound unto City of San Leandro
as Obligee, hereinafter called Obligee, in the amount of Seventy Nine Thousand Four Hundred Forty Two and Dollars (S.79,442.00 ), for the payment of which, well and truly to bo made, we bind oursolves, our heirs, administrators, exceutors, successors and assigns, jointly and severally, firmly by these presents.

Whereas, the above bounden Principal has entered into a certnin written contract with the above named Obligee, providing for construction of certain subdivision improvements in APN 75-47-7, 75-47-2, 75-47-3-2 and 75-41-2-1 WHEREAS, said work has been or will be completed by Principal.

NOW, THBREFORE, if said Principal shail promptly replaco and repair any work proven to be defective because of faulty workmanship and/or material within a perlod of one (L) year from date of ecceptance of the work by the Obligee, then this obligation to bo void; Otherwise to remain in full force and effect.

Signed, Scaled and Dated this 5th day of January 2022

LIC, LLS
Principal (Seal)
By:

Sure Tec Insurance Company
(Surely) (Seal)
By:

Ronso hung Atorney in Pact

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
JAN 0 5 2022
On before me,_ Thy Vu, Notary Public
(insert name and title of the officer)
personally appeared Renato FReyes
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/theif 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.

THY VU
WITNESS my hand and official seal. Notary Public - California Orange County
Commission = 2335336
My Comm. Expires Oct 13, 2024 /
Signature paph (Seal)
POA #: 510013-Walnut Creek
SureTec Insurance Company

LIMITED POWER OF ATTORNEY
Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents make, constitute and appoint
Stephanie Worden, Heather Pate, Renato F. Reyes
its true and lawful Attorney-in-fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the conditions of contracts and consents of surety for, providing the bond penalty does not exceed Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney-in-Fact may do in the premises. Said appointment is made under and by authority of the following resolutions of the Board of Directors of the SureTec Insurance Company:

Be it Resolved, that the President, any Vice-President, any Assistant Vice-President, any Secretary or any Assistant Secretary shall be and is hereby vested with full power and authority to appoint any one or more suitable persons as Attorney(s)-in-Fact to represent and act for and on behalf of the Company subject to the following provisions:

Attorney-in-Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such Attorney-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary Be it Resolved, that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 20* of April, 1999)
In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal to be hereto affixed this - day of - A.D. *

SURETEC INSURANCE COMPANY
By:

MPANY Michael C. Keimig, President
State of Texas
County of Harris
On this day of A.D. a before me personally came Michael C. Keimig, to me known, who, being by me duly sworn, did depose and say, that he resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above instrument; that he knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said Company; and that he signed his name thereto by like order.

TANYA SNEED
Notary Public, State of Texas
Comm. Expires 03-30-2023
Notary ID 128571231 Tanya Sneed, Notary Public
My commission expires March 30, 2023
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set out in the Power of Attorney are in fill force and effect.

JAN 0 5 2022
Given under my hand and the seal of said Company at Houston, Texas this → A.D M. Brent Beaty, ssistant Secretar
Any instrument issued in excess of the penalty stated above is totally void and without any validity.

For verification of the authority of this power you may call (713) 812-0800 any business day between 8:30 am and 5:00 pm CST.

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