18-0111_PACIFIC POINT DEVELOPMENT PARNTERS, LLC_Reduced Bond SUR21000008_TR15609Decrease PENALTY RIDER
BOND AMOUNT 546,050.00 BOND NO. SUR21000008 PREMIUM 5345.00
To be attached and form a part of Bond No. SUR21000008 dated the 19th day of May, 2015,
executed by Ironshore Indemnity, Inas surety, on behalf of Pacific Point Development Partners,
LLC as current principal of record, and in favor of City of San Juan Capistrano, as Obligee, and
in the amount of Forty Six Thousand Fifty Dollars and 00/100 ($46,050.00).
In consideration of the agreed premium charged for this bond, it is understood and agreed that
Ironshore Indemnity Inc. hereby consents that effective from the 20th day of December, 2017, said
bond shall be amended as follows:
THE BOND PENALTY SHALL BE Decreased:
FROM: Forty Six Thousand Fifty Dollars and 00/1.00 ($46,050.00)
TO: Eighteen Thousand Fou r 1-1 ri n(I red Twenty Dollars and 00/100 ($18,420.00)
The Decrease of said bond penalty shall be effective as of the 20th day of December, 2017, and
does hereby agree that the continuity of protection under said bond subject to changes in penalty
shall not be impaired hereby, provided that the aggregate liability of the above mentioned bond
shall not exceed the amount of liability assumed by it at the time the act and/or acts of default were
committed and in no event shall such liability be cumulative.
Signed, sealed and dated this 11th day of January, 2018.
BY:
PRINCIPAL
Ironshore Indemnity Inc_
---�� SURETY
Donna M. Planeta, AT1rOPNEY-1N-FACT
c/o Willis of Florida, Inc.
4211 W. Boy Scout Blvd., Ste. 1000
Tampa, FL 33607
Inquiries: (813) 281-2096
POWER OF
III- SUR21000008
Ironshore Indemnity Inc.
KNOW ALL MEN BY THESE PRESENTS, that IRONSHOREIN DEMNITY INC., a Minnesota Corporation, with its principal office in New York, NY does
hereby constitute and appoint: Stacy Rivera, Jennifer M. Garten, Donna M. Planeta, Joshua Sanford, Nicole Ann Clark, Aimee R. Perondine, Aiza Lopez,
Keri Ann Smith, Brian Peters, Danielle D. Johnson, Stephani A. Trudeau, Adam Martin, Ashley Sinclair, Michelle Anne McMahon its true and lawful
Attomey(s)-in-fact to make, execute, seal and deliver for, and on its behalf as surety, any and all bonds, undertakings or other writings obligatory in
nature of a bond.
This authority is made under and by the authority of a resolution which was passed by the Board of Directors of IRONSHORE INDEMNITY INC. on the
22nd day of April, 2013 as follows:
Resolved, that the Director of the Company is hereby authorized to appoint and empower any representative of the company or other person or
persons as Attorney -In -Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or other writings obligatory
in nature of a bond not to exceed $10,000,000 dollars, which the Company might execute through its duly elected officers, and affix the seal of the
Company thereto. Any said execution of such documents by an Attorney -In -Fact shall be as binding upon the Company as if they had been duly
executed and acknowledged by the regularly elected officers of the Company. Any Attorney -In -Fact, so appointed, may be removed for good cause and
the authority so granted may be revoked as specified in the Power of Attorney.
Resolved, that the signature of the Director and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the
signature of the Secretary, and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or
certificate bearing such facsimile signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certificate
so executed and sealed shall, with respect to any bond of undertaking to which it is attached, continue to be valid and binding on the Company.
IN WITNESS THEREOF, IRONSHORE INDEMNITY INC. has caused this instrument to be signed by its Director, and its Corporate Seal to be affixed this
7th day of August, 2013
IRONSHORE INDEMNITY INC.
ens J
ey'
Dana L. SUSAM
Director
ACKNOWLEDGEMENT
On this 7th Day of August, 2013, before me, personally came Daniel L. Sussman to me known, who being duly sworn, did depose and say that he is the
Director of Ironshore Indemnity, Inc. , the corporation described in and which executed the above instrument; that he executed said instrument on
behalf of the corporation by authority of his office under the By-laws of said corporation.
P1dYTAYLOR
Notary Publio- State ofTen a a-"
Davidson County
'' ;, �•° My Commission Expires 07-0619
BY 11
fvriy ayfor
IJcta Public
CERTIFICATE
I, the undersigned, Secretary of IRONSHORE INDEMNITY INC., a Minnesota Company, DO HEREBY CERTIFY that the original Power of Attorney of
which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions as set forth are now in force.
Signed and Sealed at thisi eP Day of 5d Auc,ryl _, 20] g
ae�u.&, Z
f�fs
Paul S. GI dano i
Secretary
"WARNING: Any person who knowingly and with intent to defraud any insurance company or other person, files and application for insurance or statement of claim
containing any materially false information, or conceals for the purpose of misleading information concerning any fact material thereto, commits a fraudulent
insurance act, which is a crime and subjects such person to criminal and civil penalties."