18-0220_TOLL WEST COAST LLC_Perf Bond No. 019062902_TR 15609 I
SUBDIVISION IMPROVEMENT AGREEMENT Bond No. 019062902
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. 15609 ("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 ONE HUNDRED EIGHTY THOUSAND SIX HUNDRED TWENTY
ONE AND 60/100 DOLLARS ($180,621.60), 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 VIC LP
(Corporate Seal) LIBERTY MUTUAL INSURANCE
COMPANY
Surety
By :;;;�e
aniel P. i n, or -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 $ 677.00
(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 19405
(Name and Address of Agent or Corporation Service Company d/b/a CSC-Lawyers
Representative for service of Incorporating
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)
61147.021 00\24632175.1
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 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(e}whose name(e) War&
subscribed to the within instrument and acknowledged to me that he/spm/t4ey executed the same in
his/fes'/their authorized capacity(ierv), and that by his/fze1thatr signatureWon the instrument the
person(; or the entity upon behalf of which the person(a)-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. PATTY KILOH
NotaryPublic—California Z
Orange County 3:
Commission#2192864
My Comm.Expires Apr 21,2021
Signature (Seal)
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 OF PENNSYLVANIA WITNESS my hand and fficial seal.
NOTARIAL SEAL
ARLENE OSTROFF,Notary Public-
willistown Township,Chester County _
My Commission Expires December 3.2020
is
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) p Limited
❑ General Number of Pages
❑ Attorney-In-Fact
❑ Trustee(s)
p 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. The Power-of
Attorney to local representatives of the bonding company must also be attached.
61147.02100\24632175.1
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LIBERTY MUTUAL INSURANCE COMPANY
f � FLWANCLi:L STATEMENT—DECEMBER 31,2016
Assets Liabilities
Cash and Bank Deposits........................................ 51,Q92,914,837 Unearned Premium s.............._...............................56,929,723,2.99
*Bonds—U.SGovernment..................................... 1,406.763970 Reserve for Claims and Claims Expense............... 17,233,877300
*Other Bonds............................................................ 11379-916.523 Funds Held Under Reinsurance Treaties..............__ 208362,823
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 Premium ........... 4,709.977,463 Other Liabilities........_..................................... 3.061.117.958
Accrued Interest and Rents.................--------------._._. 112,757,395 Total—----- __.527,473,676;194
.
Other Admitted Assets.-........................................... 14.659.523.751 Special Surplus Funds..........._... 595,257,33410,000,000
Capital Stock...:..........................
Paid in Surplus............................ 9,229;250;104
Unassigned Surplus..................... 7,193,698,055
Total Admitted Assets_—_.____—_._.__..._.X44-001-RR1.6R7 Surp)us to Policybo)dens...-.__._.-.,.-_...._- 16528.205,493
Total Liabilities and Surplus_.-.--___-_--:544.001_RRLFR7
Jh.N.�ilp�`r
Bonds are stated at amortized or investment value;Stocks at Association Market Values.
The foregoing financial information is taken from Liberty Mutual Insurance Company's financial
s�y statement filed with the state of Massachusetts Department of Insurance.
t
I. TDv4 lygKOLAJEWSKI,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 affixed the seal of said Corporation at Seattle,Washington,this 23'd day of
March,2017.
�r
Assistant Secretary
c1252LMICJs 3117