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18-0220_TOLL WEST COAST LLC_Perf Bond No. 019062900_TR 16752 SUBDIVISION IMPROVEMENT AGREEMENT Bond No. 019062900 PERFORMANCE BOND KNOW ALL PERSONS BY THESE PRESENTS: THAT WHEREAS, the City of San Juan Capistrano, California ("City") and Toll West Coast LLC ("Principal"), have executed an agreement for work consisting of, but not limited to, the furnishing all labor, materials, tools, equipment, services, and incidentals for all grading, roads, paving, curbs and gutters, pathways, storm drains, sanitary sewers, utilities, drainage facilities, traffic controls, landscaping, street lights, and all other required facilities for Parcel/Tract Map No. 16752 ("Public Improvements"); WHEREAS, the Public Improvements to be performed by Principal are more particularly set forth in that certain Subdivision Improvement Agreement dated 20_, ("Improvement Agreement"); WHEREAS, the Improvement Agreement is hereby referred to and incorporated herein by reference; and WHEREAS, Principal is required by the Improvement Agreement to provide a good and sufficient bond for performance of the Improvement Agreement, and to guarantee and warranty the Public Improvements constructed thereunder. NOW, THEREFORE, Principal and Liberty Mutual Insurance Company ("Surety"), a corporation organized and existing under the laws of the State of Massachusetts, and duly authorized to transact business under the laws of the State of California, are held and firmly bound unto City in the sum of FORTY ONE THOUSAND ONE HUNDRED SIXTY SEVEN AND 60/100 DOLLARS ($41,167.60), said sum being not less than one hundred percent (100%) of the total cost of the Public Improvements as set forth in the Improvement Agreement, we bind ourselves, our heirs, executors and administrators, successors and assigns, jointly and severally, firmly by these presents. • THE CONDITION OF THIS OBLIGATION is such, that if 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, agreements, guarantees, and warranties in the Improvement Agreement and any alteration thereof made as therein provided, to be kept and performed at the time and in the manner therein specified and in all respects according to their intent and meaning, and to indemnify and save harmless City, its officers, employees, and agents, as stipulated in the Improvement Agreement, 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. Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Improvement Agreement, or to any plans, profiles, and specifications related thereto, or to the Public Improvements to be constructed 61147.02100\24632175.1 thereunder, shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition. This bond is executed and filed to comply with Section 66499, et seq., of the California Government Code as security for performance of the Improvement Agreement and security for the one-year guarantee and warranty of the Public Improvements. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 20 TH day of FEBRUARY, 2018. (Corporate Seal) TOLL WEST COAST LLC Principal By Title Ir/G. /kg,/ A#7 L (Corporate Seal) LIBERTY MUTUAL INSURANCE COMPANY Surety • By i�niei Pb , A or-- -in-Fact (Attach Attorney-in-Fact Certificate) Title Attorney-in-Fact The rate of premium on this bond is $3.75 per thousand. The total amount of premium charges is $ 154.00 (The above must be filled in by corporate attorney.) THIS IS A REQUIRED FORM Any claims under this bond may be addressed to: (Name and Address of Surety) Liberty Mutual Insurance Company 2200 Renaissance Blvd Suite 400 King of Prussia, PA 19406 (Name and Address of Agent or Corporation Service Company d/b/a CSC-Lawyers Representative for service of Incorporating Services process in California, if different 2710 Gateway Oaks Drive, Sacramento CA 95833 from above) (Telephone number of Surety 800-683-4769 and Agent or Representative for service of process in California) • 61147.02100\24632175.1 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of theindividual 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 ) On February 23, 2018 before me, Patty Kiloh, Notary Public • (insert name and title of the officer) personally appeared Peter.Kim who proved to me on the basis of satisfactory evidence to be the person(ewhose name( is/are subscribed to the within instrument and acknowledged to me that he/siat7tIley executed the same in his/hef/thhair authorized capacity(ise}, and that by his/her/the-signature(s) on the instrument the person(4, or the entity upon behalf of which the person. '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. iF; PAUYKILO1NotaryPublic-California 4 Orange County • ' Commission 4 2192864 My Comm,Expires Apr 21,2021 ■ Signature (Seal) — l Notary 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 PENNSYLVANIA COUNTY OF CHESTER On FEBRUARY 20, 2018, before me, Arlene Ostroff, Notary Public, personally appeared Daniel P. Dunigan, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by .his signature on the instrument the person, or the entity upon behalf of which the person 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. COMMONWEALTH Or PENNSYLVANIA WITNESS my hand official seal. NOTARIAL SEAL ARLENE OSTROFF,Notary Public , / Willistown Township,Chester County / My Commission Expires December 3,2020 C y ,at re of 11-t,.ry Public OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ Individual ❑ Corporate Officer • Title(s) Title or Type of Document ❑.Partner(s) o Limited ❑ General Number of Pages ❑ Attorney-In-Fact ❑ Trustee(s) ❑ Guardian/Conservator Date of Document ❑ Other: Signer is representing: Name Of Person(s)Or Entity(ies) Signer(s)Other Than Named Above NOTE: This acknowledgment is to be completed for the Attorney-in-Fact for Surety. 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LIBERTY MUTUAL INSURANCE COMPANY s.0 ` . FINANCIAL STATEMENT—DECEMBER 31,2016 SiJ�EY Assets Liabilities Cash and Bank Deposits 51,092,914,837 Unearned Prem"ipms._..._ 56,929,723,299 *Bonds—U.S Government.._.. 1,406,763970 Reserve for Claims and Claims Expense_....._._._ 17,233,877300 *Other Bonds 11.379.916.523 Funds Held Under Reinsurance Treaties 208,362,823 Reserve for Dividends to Policyholders 944,909 "Stocks 10,349,761,988 Additional Statutory Reserve 39,649,905 Real Estate 290,265,760 Reserve for Commissions,Taxes and Agents'Balances or Uncollected Premiums 4,709,977,463 Other Liabilities........_......__..._......._................ 3.061.117.958 Accrued Interest and Rents..." 112,757,395 Tom. . '—'—' .———---- ---S27,4 73,676,194 Special Surplus Funds...__........... 195,257,334 • Other Admitted Assets._ 14"659.523.751 Capital Stock 10,000,000. Paid in Surplus............................ 9,229,250;104 Unassigned Surplus 7,193,698,055 Total Admitted 44"001.R81.6R7 Surplus to Policyholders.__.__.__,___.__.__ 16.528.205,493 Total Liabilities and Surplus_.__.________ 544 001 RR1 6R7 ;hy ih�pi • * Bonds are stated at amortized or investment value;Stocks at Association Market Values. 45iy The foregoing financial information is taken from Liberty Mutual Insurance Company's financial statement filed with the state of Massachusetts Department of Insurance. I, TIM 1vlf(OLAJEWSKI,Assistant Secretary of Liberty Mutual Insurance Company,do hereby certify that the foregoing is a true,and correct statement of the Assets and Liabilities of said Corporation,as of December 31,2016,to the best of my knowledge and belief. IN WITNESS WHEREOF,I have hereunto set my hand and axed the seal of said Corporation at Seattle,Washington,this 237d day of March,2017. F • r rj Assistant Secretary • f • • • • • • .✓ . c1252I.M C/a 3/17