Cities Index.
Performance Bond

San Leandro City Council
February 7, 2022

Document
Performance Bond
Meeting
February 7, 2022
Body
San Leandro City Council
Original file
180 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.

FIRST TERM PREMIUM FULLY EARNED
Bond Number : 4399952
Premium: $14,916.00

SUBDIVISION BOND

FAITHFUL PERFORMANCE
KNOW ALL MEN BY THESE PRESENTS: That, SLTC, LLC
as Principal, and the SureTec Insurance Company _ a
corporation organized and existing under the laws of the State of Texas _ and authorized to transact surety business in the State of California as Surety, are held and firmly bound unto City of San Leandro as Obligee, in the
sum of Seven Hundred Ninety Four Thousand Four Hundred Twenty and 00/100 DOLLARS ($794,420.00 _, for which the payment whereof, well and truly to be made, said Principal and Surety bind themselves, their heirs, administrators, successors, and assigns, jointly and severally, firmly by these presents.

THE Condition of the foregoing obligation is such that, whereas the above bounden Principal has entered into a contract/agreement, dated_ Tune 16, 7014 with the Obligee to do and perform the following work; to wit: Martinez Improvements
Tech Campus project at 1333 Martinez Street, San Leandro, CA 94577 NOW, THEREFORE, if the above bounden Principal shall well and truly perform the work contracted to be performed under said contract, then this obligation shall be void; otherwise to remain in full force and effect.

SIGNED, SEALED, DATED: February 12, 2015
SureTec Insurance Company
SLTC, LLC (Surety)
. (Principal)
By: By:
fellablle
SUNNY TONG, WANAGER Julia Pitta, Attorney In Fact
Surety Phone No. 925-934-8500
POA #: 510013-Walnut Creek
SureTee 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
David Harris, Stephanie Worden, Heather Pate, Julia Pitta 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:

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 shall continue in force until 10/31/2016 .. and 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 Attorneys)-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 20ü 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 21st day of March, A.D. 2013.

SURETEC INSURANCE COMPANY

SAGURANGE
By:

John Kaox Jr. President
State of Texas
County of Harris
*
On this 21st day of March, A.D. 2013 before me personally came John Knox Jr., 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.

JACQUELYN MALDONADO
Notary Public
State of Texas
SLATE OF T9RD My Comm. Exp. 5/18/2017 Jacquelyn Maldonado, Notary Public My commission expires May 18, 2017
I, 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 full force and effect.

Given under my hand. and the seal of said Company at Houston, Texas this 12th day of Februar 2015A.D.

MAHA
M. Brent Beaty, Assistant Secretary
Any instrument issued in excess of the penalty stated above is totally void and without any validity.

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

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 Contra Costa
On 2/12/2015 before me; Meghan R. O Bra, Notary Public
(insert name and title of the officer)
personally appeared Julia Pitta
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.

MEGHAN R. 0 BRA
WITNESS my hand and official seal. Commission # 2090276 Hotary Pullle - California
Contra Costa County
My Comm. Expires Nov 16, 2018
Signature ug K. OB (Seal)

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