Attachment C
Existing Securities
**Replaces Bond issued on 8/5/2020
PUBLIC IMPROVEMENTS FAITHFUL PERFORMANCE BOND
(To Be Used With Subdivision Improvement Agreement or Construction/Excavation Permit) Tract Map No.: 15896-1 Bond No.: 0232147
Case No.: ER00 20-00048 Premium: $2,887.00
WHEREAS, the City Council of the City of Victorville, County of San Bernardino, State of California, and KB Home Coastal, Inc.
(hereinafter "Principal") have entered into a Subdivision Improvement Agreement (hereinafter referred to as "Agreement") whereby Principal agrees to install and complete certain designated public improvements, which said Agreement, datec _, 20 , and identified as Tract Map No._ 15896-1 _ and
Case No. for Whispering Creek
Improvements), 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 faithful performance of said Agreement.
NOW THEREFORE, we, the Principal and Berkley Insurance Company _ a corporation of the State of , doing business under
and by virtue of the laws of the State of California and duly licensed to conduct a general surety business in the State of California, as surety, (hereinafter "Surety"), are held and firmly bound unto the City of Victorville, a municipal corporation (hereinafter "City"), in the penal sum of Four Hundred Eighty One Thousand One Hundred Twenty Seven and 00/100 481,127.00 ), 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 The condition of this obligation is such that if the above bounded Principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and 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 or their part, 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 City, 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.
As part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered.
CCP:ccp
/shared/Development/Projects/SuretyRecovery/Forms/FPBond.Blank.030520 Public improvements
Faithful Performance Bond
Tract Map No.: 15896-1
Case No.: EROW20 - 00048
Bond No.: 0232147
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 anywise 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.
IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on _ December 7 , 2021 KB Home Coastal, Inc. Berkley Insurance Company
Name of Principal (Applicant) {Surety Company
By: la
By: ScOT HANSEN By: Brenda Wong, Attorney-in-Fact
By: By:
Mailing Address:
36310 Inland Valley Drive 475 Steamboat Rd Suite 1
Address of Principal Address of Surety Company
Wildomar, CA 92595 Greenwich, CT 06830
City, State Zip Code City, State Zip Code
ABOVE-SIGNATORIES MUST BE NOTARIZED
APPROVED AS TO FORM:
Risk Manager City Attorney
CCP:ccp
Ishared/Development/Projects/SuretyRecovery/Forms/FPBond.Blank.030520
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, State of California
County of Riverside
on 2C, 1, 2001 before me, Shannon Luebs, Notary Public, personally appeared Scott Hansen, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(6) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/theif authorized capacity(ies), and that by his/her/their signature(6) 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.
WITNESS my hand and official seal.
SHANNON LUEBS
Notary Public - California
Riverside County
Commission # 2365760
My Comm. Expires Aug 10, 2025
Shannizuets
shannon Lueb: (SEAL)
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 Los Angeles
DEC 07 2021
On before me, _M.Gonzales, Notary Public, personally
appeared Brenda Wong 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 capacityfies), 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.
WITNESS max hand and official seal.
M. GONZALES
Notary Public - Callfornia
Los Angeres County
Commission # 2376493
My Correr. Exarnes Oct 9, 2025
(seal) Signature _
.Gonzales, Notary Publi
Please verify the authenticity of the instrument attached to this power by:
Toll-Free Telephone: (866) 768-3534; or
Electronic Mail: [email protected]
Any written notices, inquiries, claims or demands to the Surety on the bond attached to this power should be directed to:
Berkley Surety Group
412 Mount Kemble Ave.
Suite 310N
Morristown, NJ 07960
Attention: Surety Claims Department
Or
Email: [email protected]
Please include with all communications the bond number and the name of the principal on the bond. Where a claim is being asserted, please set forth generally the basis of the claim. In the case of a payment or performance bond please also identify the project to which the bond pertains.
Berkley Surety Group is an operating unit of W. R. Berkley Corporation that underwrites surety business on behalf of Berkley Insurance Company and Berkley Regional Insurance Company
No. BI-7850k-el
POWER OF ATTORNEY
BERKLEY INSURANCE COMPANY
WILMINGTON, DELAWARE
KNOW ALL MEN BY THESE PRESENTS, that BERKLEY INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Delaware, having its principal office in Greenwich, CT, has made, constituted and appointed, and does by these presents make, constitute and appoint: Tenzer V. Cunningham; Brenda Wong; Martha Gonzales; Joaquin Perez; Regina Rangel; or Sokha Evans of Marsh (S4, Inc. of Los Angeles, CA its true and lawful Attorney- in-Fact, to sign its name as surety only as delineated below and to execute, seal, acknewledge and deliver any and all bonds and undertakings, with the exception of Financial Guararty Insurance, providing that ne single obligation shall exceed Fifty Million and 00/100 L.S. Dollars (L.S.S50,000,000.00), to the same extent as if such bonds had been duly executed and acknowiedged by This Power of Attorney shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware, without giving effect to the principles of conflicts of laws thereof. This Power of Attorney is granted pursuant to the following resolutions which were duly and validly adopted at a meeting of the Board of Directors of the Company held on January 25, 2010:
RESOLVED, that, with respect to the Surety business written by Berkley Surety, the Chairman of the Board, Chief Executive Officer, President or any Vice President of the Company, in conjunction with the Secretary or any Assistant Secretary are hereby authorized to execute powers of attorney authorizing and qualifying the attorney-in-fact named therein to execute bonds, undertakings, recognizances, or other suretyship obligations on behalf of the Company, and to affix the corporate seal of the Company to powers of attorney executed pursuant hereto; and said officers may remove any such attorney-in-fact and revoke any power of attorney previously granted; and further RESOLVED, that such power of attorney limits the acts of those named therein to the bonds, undertakings, recognizances, or other suretyship obligations specifically named therein, and they have no authority to bind the Company except in the manner and to the extent therein stated; and further
RESOLVED, that such power of attorney revokes all previous powers issued on behalf of the attorney-in-fact named; and RESOLVED, that the signature of any authorized officer and the seal of the Company may be affixed by facsimile to any power of attorney or certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligation of the Company; and such signature and seal when so used shall have the same force and effect as though manually affixed. The Company may continue to use for the purposes herein stated the facsimile signature of any person or persons who shall have been such officer or officers of the Company, notwithstanding the fact that they may have ceased to be such at the time when such instruments shall be issued.
IN WITNESS WHEREOF, tha Company has caused those presents to be signed and attested by its appropriate officers and its corporate seal hereunto affixod this 22nd day of
Attest: Berkley Insurance Company
ARANCE
CONFANT By By
SEAL
IraS, Lederman
Executive Vice Prosident & Secretary Vice President
STATE OF CONNECTICUT)
) as:
COUNTY OF FAIRFIELD )
Sworn to before me, 2 Notary Public in the State of Connecticut, this 22nd day of and lettiny . Mate who are secan to anu to beer ye Vice Fraident Socretary, and dig Sorior Vice Predicat respectively, of Berkley Insurance Company: MARIAC RUMPSAKEN NOTARY PURI C Lein Cl
CONNECTICUT
HEY COMMISSION EXPIRES
APHIL 30, 2024
CERTIFICATE
I, the undersigned, Assistaut Socretary of BERKLEY INSURANCE COMPANY, DO HEREBY CERTIFY that the foregoing is a tras, correct and compicto copy of the original Power of Atomey, that seid Power of Atomey has not bear revoked or rescinded ANNe ached, is in fill force and effect se of this date.
S/sitiven under may hand and seai of the Company, this. day of SFAL
DELANIE Vincent P. Forte