Cities Index.
Attachment C - Existing Securities

Victorville City Council
March 18, 2025

Document
Attachment C - Existing Securities
Meeting
March 18, 2025
Body
Victorville City Council
Original file
21.4 MB
Text extracted from the city's file for reading and search. Open the original on victorvilleca.primegov.com. That file is the official record.

Attachment C
Existing Securities

PUBLIC IMPROVEMENTS FAITHFUL PERFORMANCE BOND
(To Be Used With Subdivision Improvement Agreement or Construction/Excavation Permit) Tract Map No.: 16463 Bond No.: 800054871
Case No.: Premium: $15.885.00
WHEREAS, the City Council of the City of Victorville, County of San Bernardino, State of California, and D.R. Horton Los Angeles Holding Company, Inc. 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, dated _ and identified as Tract Map No. 16463
Water, Drainage, Sewer, Streets, LMAD, Monumentation
Improvements), is hereby referred to and made a part

WHEREAS,
furnish a bond for faithful perforan of said Agree the terms of said Agreement to NOW THEREFORE, we, the Principal and Atlantic Specialty 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 Five Million Five Hundred Seventy Three Thousand Seven Hundred Eighty Six and 89/100 dollars. ($ 5.573.786.89 _, 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 presents.

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 well and truly keep and perform the covenants, conditions, and sipulated, then this obigation shal become nul and void, otherise, it shal be and remain in full force and effect.

As part of the obligation secured hereby and in addition to the face amount necting reasonable attorey sees, Incred by oly in successie for suc bligation, all to be taxed as costs and included in any judgment rendere CCP:ccp
/shared/Development/Projects/SuretyRecovery/Forms/FPBond.Blank.030520 Case No.:

Bond No.: 800054871.
specifications.

IN WITNESS WHEREOF, this instrument has been duly executed by th Principal and Surety above named, on February 23, 202
D.R. Horton Los Angeles Holding Company, Inc. tlantic Specialty Insurance Compan Name of Principal (Applicant) lame of Surety Compar
By: wei Salh By: Tash With
By: Vicks Gullion, Assistant Secretary By: Noah William Pierce, Attorney-In-Fect By: By:.

Mailing Address:
2280 Wardlow Circle, Suite 100 - 605 Highway 169 North, Suite 800 Address of Principal Address of Surety Company
Corona, CA 92878 Plymouth, MN 55441
City, State Zip Code City, State Zip Code

ABOVE-SIGNATORIES MUST BE NOTARIZED
APPROVED AS TO FORM:

Risk Manager
PreDevelopment/Projects/SurelyRecovery/Forms/FPBond. Blank. 030520 STATE OF North Carolina
COUNTY OF Mecklenburg to wit:
1, Catherine Thompson, a Notary Public in and for the State and County aforesaid, do hereby certify that Noah William Pierce, whose name is signed to the foregoing bond this day personally, appeared before me in my said State and County aforesaid and acknowledged the same.

Given under my hand this_ 23 day of Februay ,20.22.

Cathune thompson
otary Pubtle
Moniest expires on the gilh day of Apil, 2022. MECKLENDO [intact
INSURANCE Power of Attorney
KNOW ALL MEN BY THESE PRESENTS, that ATLANTIC SPECIALTY INSURANCE COMPANY, a New York corporation with its principal office in Plymouth, Minnesota, does hereby constitute and appoint: Noah William Pierce, Jennifer B. Gullett, Caroline K. Lamarre Berton, each individually if there be more than one named, its true and lawful Attorney-in-Fact, to make, execute, seal and deliver, for and on its behalf as surety, any and all bonds, recognizances, contracts of indemnity, and all other writings obligatory in the nature thereof; provided that no bond or undertaking executed under this authority shall exceed in amount the sum of: unlimited and the esolved: That the President, any Senior Vice President or Vice-President (each an "Authorized Officer") may execute for and in behalf of the Company any ar I bonds, recognizances, contracts of indemnity, and all other writings obligatory in the nature thereof, and affix the seal of the Company thereto; and that th Authorized Officer may appoint and authorize an Attorney-in-Fact to execute on behalf of the Company any and all such instruments and to affix the Company seal thereto; and that the Authorized Officer may at any time remove any such Attorney-in Fact and revoke all power and authority given to any such Attorney-in- Fact.

Resolved: That the Attorney-in-Fact may be given full power and authority to execute for and in the name and on behalf of the Company any and all bonds, recognizances, contracts of indemnity, and all other writings obligatory in the nature thereof, and any such instrument executed by any such Attorney-in-Fact shall he as binding upon the Company as if signed and sealed by an Authorized Officer and, further, the Attorney-in-Fact is hereby authorized to verify any affidavit required to be attached to bands, recognizances, contracts of indemnity, and all other writings obligatory in the nature thereof.

This power of attorney is signed and sealed by facsimile under the authority of the following Resolution adopted by the Board of Directors of ATLANTIC SPECIALTY INSURANCE COMPANY on the twenty-fifth day of September, 2012:

Resolved: That the signature of an Authorized Officer, the signature of the Secretary or the Assistant Secretary, and the Company seal may be affixed by facsimile to any power of attorney or to any certificate relating thereto appointing an Attorney-in-Fact for purposes only of executing and sealing any bond, undertaking, recognizance or other written obligation in the nature thereof, and any such signature and seal where so used, being hereby adopted by the Company as the original signature of such officer and the original seal of the Company, to be valid and binding upon the Company with the same force and effect as though manually affixed.

IN WITNESS WHEREOF, ATLANTIC SPECIALTY INSURANCE COMPANY has caused these presents to be signed by an Authorized Officer and the seal of the Company to be affixed this twenty-seventh day of April, 2020.

By
STATE OF MINNESOTA NEW YORK Paul J. Brehm, Senior Vice President

HENNEPIN COUNTY
In this twenty-seventh day of April, 2020, before me personally came Paul J. Brehm, Senior Vice President of ATLANTIC SPECIALTY INSURANCE COMPANY, to n ersonally known to be the individual and officer described in and who executed the preceding instrument, and he acknowledged the execution of the same, and being by n duly sworn, that he is the said officer of the Company aforesaid, and that the seal affixed to the preceding instrument is the seal of said Company and that the said seal and the sirnature as such officer was duly affixed and subscribed to the said instrument by the authority and ar the direction of the Company.

ALISON DWAN NASH-TROUT

NOTARY PUBLIC - MINNESOTA
My Commission Expires
January 31, 2026 Notary Public
I, the undersigned, Secretary of ATLANTIC SPECIALTY INSURANCE COMPANY, a New York Corporation, do hereby certify that the foregoing power of attorney is in full force and has not been revoked, and the resolutions set forth above are now in force Signed and sealed. Dated_ 23rd -day of February 2022.

KaraBara
This Power of Attorney expires
January 31, 2025
Kara Barrow, Secretary
Please direct bond verifications to [email protected]

ACKNOWLEDGMENT
A notary public or other officer completing this
State of California Riverside
County of
On 2/25/2022 _ before me, Alyssa M. Bottinelli, Notary Public (insert name and title of the officer)
personally appeared Vicki Gullion
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

ALYSSA M. BOTTINELL
WITNESS my hand and official seal.

My Comm. Expires Feb 19, 2023
(Seal)

PUBLIC IMPROVEMENTS LABOR AND MATERIALS BOND
(To Be Used With Subdivision Improvement Agreement or Construction/Excavation Permit) Tract Map No.: 16463 Bond No.:_800054871
Case No.: Premium: Included on Performance Bond
WHEREAS, the City Council of the City of Victorville, County of San Bernardino, State of Carlornie prial nage eared cura Subdivision improvemente Agreement (hereinafter referred to as "agreement) whereby Principal agrees to install and complete certain designated public improvements, which said Agreement, dated _ and identtied as Tract Map No.16463 anc
Or Water, Drainage, Sewer, Streets, LMAD, Monumentatior Improvements), is hereby referred to and made a part hereof; and, WHEREAS, under the terms of said Agreement, Principal is required, before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Victorville to secure the claims to which reference is made in Title 3 (commencing with Section 9000) of Part 6 of Division 4, of the Civil Code of the State of NOW THEREFORE, said Principal and Atlantic Specialty Insurance Company , 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 County of San Bernardino, State of California, and all contractors, subcontractors, laborers, material suppliers, and other persons employed in the performance of the aforesaid Agreement and referred to in the aforesaid Code of Civil Procedure in the sum of Two Million Seven Hundred Sixty Nine Thousand Two Hundred Ten and 95/100 dollars, ($_ _$2,769,210.95), lawful money of the United States, for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, that said Surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, curred by City in successfully enforcing such obligation, to be awarded and fixed b he court, and to be taxed as costs and to be included in the judgment therein rendered Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise, it shall be and remain in full force and effect.

Public Improvements
Labor & Materials Bono
Tract Map No.: 16463
Bond No.: 800054871
IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on. February 23, 2022 D.R. Horton Los Angeles Holding Company, Inc.

Name of Principal (Applicant)
By: Vik Aalt By: Hash WittR
By: Vicki Gullies, Assistant Secretary By: Noah William Pierce, Attorney-In-Fact By: By:

Mailing Address:
2280 Wardlow Circle, Suite 100 S05 Highway 169 North, Suite 80 Address of Principal Address of Surety Company
Corona, CA 92878 Plymouth. MN 55441
City, State Zip Code City, State Zip Code

ABOVE-SIGNATORIES MUST BE NOTARIZED
APPROVED AS TO FORM:

Risk Manager City Attorney
CCP:ccp
/shared/Development/Projects/SuretyRecovery/Forms/L&MBond.Blank.030520 STATE OF North Carolina
COUNTY OF Mecklenburg to wit:
1, Catherine Thompson, a Notary Public in and for the State and County aforesaid, do hereby certify that Noah William Pierce, whose name is signed to the foregoing bond this day personally, appeared before me in my said Stale and County aforesaid and acknowledged the same.

Given under my hand this 23" day of February, 2022
Notary Spall
Cathune thompon
Notary-Public
MECKLENBUR®
My commission expires on the 9th day of April, 2022.
[intact
INSURANCE Power of Attorney
seal thereto; and that the Authorized Officer may at any time remove any such Attorney-in-Fact and revoke all power and authority given to any such Attorney-in- Fact.

Resolved: That the Attorney-in-Fact may be given full power and authority to execute for and in the name and on behalf of the Company any and all bonds ecognizances, contracts of indemnity, and all other writings obligatory in the nature thereof, and any such instrument executed by any such Attorney-in-Fact shal be as binding upon the Company as if signed and sealed by an Authorized Officer and, further, the Attorney-in-Fact is hereby authorized to verify any affidavit required to be attached to bonds, recognizances, contracts of indemnity, and all other writings obligatory in the nature thereof.

This power of attorney is signed and sealed by facsimile under the authority of the following Resolution adopted by the Board of Directors of ATLANTIC SPECIALTY INSURANCE COMPANY on the twenty-fifth day of September, 2012:

Resolver: That the signature of an Authorized Officer, the signature of the Secretary or the Assistant Secretary, and the Company seal may be affixed by facsimile to any power of attorney or to any certificate relating thereto appointing an Attorney-in-Fact for purposes only of executing and sealing any bond, undertaking, recognizance or other written obligation in the nature thereof, and any such signature and seal where so used, being hereby adopted hy the Company as the original signature of such officer and the original seal of the Company, to be valid and binding upon the Company with the same force and effect as though manually affixed.

IN WITNESS WHEREOF, ATLANTIC SPECIALTY INSURANCE COMPANY has caused these presents to be signed by an Authorized Officer and the seal of the Company to be affixed this twenty-seventh day of April, 2020.

CORPORATE
SEAL раперивт
1986 By
STATE OF MINNESOTA NEW YORK Paul J. Brehm, Senior Vice President

HENNEPIN COUNTY
On this twenty-seventh day of April, 2020, before me personally came Paul J. Brehm, Senior Vice President of ATLANTIC SPECIALTY INSURANCE COMPANY, to me personally known to be the individual and officer described in and who executed the preceding instrument, and he acknowledged the execution of the same, and being by me duly sworn, that he is the said officer of the Company aforesaid, and that the seal affixed to the preceding instrument is the seal of said Company and that the said seal and the signature as such officer was duly affixed and subscribed to the said instrument by the authority and at the direction of the Company.

ALISON DWAN NASH-TROUT

NOTARY PUBLIC - MINNESOTA
My Commission Expires
January 31, 2025 any stead Notary Public
he undersigned, Secretary of ATLANTIC SPECIALTY INSURANCE COMPANY, a New York Corporation, do hereby certify that the foregoing power of attorney is in e and has not been revoked, and the resolutions set forth above are now in fo Signed and scaled. Dated_23rd day of_Fobruary 2022.

Kaia2635ar
This Power of Attorney expires
January 31, 2025
Kara Barrow, Secretary
Please direct bond verifications to [email protected]

ACKNOWLEDGMENT
Sate of California 'Riversid
On 2/25/2022 _before me, Alyssa M. Bottinelli, Notary Public (insert name and title of the officer)
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.

Notary Pubtic - California
Riverside County
Commission * 2278107
My Comm. Expires Feb 19, 2023
(Seal)
well duell

LANDSCAPE MANAGEMENT ASSESSMENT DISTRICT

BOND FORMAT
Developer: DR HORTON - Project Name: Santolina
Tract: _ Square Footage 95,645
For Control Channel, Both Sides
Streets: Mojave Drive
Prepared by: Edward T. Oune _Date: 5-Apr-21

ITEM DESCRIPTION TOTALS
1 Irrigation Materials ($6.00 s/i) $ 573,870.00
2 Plant Materlals ($4.25 a/t) $ 406,491.25
3 Finish Grading ($0.50 s/i) $ 47,822.50
4 Soll Preparation ($1.50 s/f) $ 143,467.50
5 Standard S-09 Curbing ($26.25 Vf)
6 Draina (1 In 100' - 150' @ $400.00 each)
Subtotal $ 1,171,851.25
20% Plan Preparation fee $ 234,330.25
Contingency fee of 10% S 140,598.15
Grand total 31,540,579.85.

Falthful Performance (100%) $ 1,546,579.65
Labor & Materials (50%) $ 773,289.83
mical aneous Hometong Flood Control Channel are part of Tract 10109 ate improvemen.

TATSUTA

REGISTERED EDWARD OUNE
No. 73632
Exp. 12/31/22 #
Engineering Review: * STATE OF CIVIL
Approved
i by: Fredy A. Bonilla, PE
Date: 04/07/2021

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