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21-0708_RD OLSON CONSTRUCTION, INC._Bond Release Letter32400 PASEO AOELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 493-1171 (949) 493-1053 FAX „ i, 1, t,ntiu'Iih 11 nstranaag July 8, 2021 Chubb Surety Attn: Karen Brandt, Underwriting Services Specialist 1 436 Walnut Street, WA10H Philadelphia, PA 19106-3703 MEMBERS OF THE CITY COUNCIL TROY BOURNE SERGIO FARIAS HOWARD HART DEREK REEVE JOHN TAYLOR Re Release of Bond — R.D Olsen Construction Inc. — B17-1134 Precise Grading Prosect 31692 EI Camino Real I10ZT-M8=•7�EN[i This letter is to inform you that the following bond issued to R.D Olsen Construction, Inc. c/o South Coast Investors Il, LLC for B17-1134 Precise Grading Project 31692 EI Camino Real, is officially released as of June 28, 2021. BOND NO. PURPOSE REDUCED AMOUNT 8239-47-07 Grading Surety Agreement Performance Bond $ 110,124.00 The City of San Juan Capistrano hereby fully and forever releases and discharges Chubb Surety from any and all liability under the abovementioned bond number. The original — released — documents are enclosed. If you have any questions, please do not hesitate to call me at (949) 443-6310. Sincerelly, C Christy Jakl, CMC Assistant City Clerk Enclosures as noted cc: Thomas Toman, Public Works Director Jeremy Hohnbaum, Senior Civil Engineer Development Services Building File San Juan Capistrano: Preserving the Past to Enhance the Future Pnnted on 100% r"ded paper Increase/Decrease Rider RIDER to be attached to and form a part of Bond No. 8239-47-07 wherein Snmty O + 908.903.3435 2028 Haut Mill Road, PO Box 16:0 F , 908.903.3656 whitehouse Station, NJ 0SE189-I650 Federal Insurance company RELEASED Date: Ji-KrI .yi ,atm 1 Signature: City Clerk Cky of San Juan pistre , CA FEDERAL INSURANCE C0h113ANY is named as Surety, on behalf of R.D. Olson Construction, Inc. do South Coast Investors II, LLC as Principal, in favor of City of San Juan Capistrano as Obligee, in the sum of $1,101,246.00 dated March 7, 2018 , effective March 7, 2018 IT IS HEREBY UNDERSTOOD AND AGREED that effective the 2nd day of. November, 2020 the penalty of this bond is decreased from One Milion One Hundred One Thousand Two Hundred Forty Six Dollars and 00/100s _ ( $1,101,246.00 ) to One Hundred Ten Thousand One hundred Twenty Four Dollars and 00/100s $110,124.00 ) as to losses occurring after said eff&,nve date. Provided, however, that the liability of the Principal and Surety hereon shall not be Cnmtllathre or in any event. exceed the revised bond amount referred to herein. The attached bond shall be subject to all its agreements, limititinns and conditions except as herein expressly modified. Signed, sealed and dated this 2nd If bond amount is being DECREASL•D*nbelow ------ & returna. copy with orighcd signature to the Surety: ACCF.PTRD: BY (Signature of ObI gee) Name: Tide: ram 15 M-('MnD�A;V) day of November, 2020. R.D. Olsoa.Qonsh action, Inc,do South Coast Investors II, LLC By (Seal) Name: Tide: Federal Insurance Company By *lame: Matthew . oats (Seal) Atmniey-ln-Pati 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 Orange ) On NOV 0 2 1020 before me, Date personally appeared Matthew J. Coats Adelaide C. Hunter, Notary Public Here Insert Name and Title of the Officer Name(s) of Signer(s) 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 capacity(ies), and that by his/herAheir signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. ADELAIDE C. HU& EF Votary Public - CalfforNc z Orange County z " ' Commission O 2168004 My Comm. Ex ires Oct 19, 2020 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. Signature lT. it W< Signature of Notary Public "The notary commission extended pursuant to Executive Order N-63.20." Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Number of Pages: Document Date: Signer(s) Other Than Named Above: Capacity(es) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Signer's Name: ❑ Corporate Officer — Title(s): r Partner — ❑ Limited ❑ General Individual E) Attorney in Fact C Trustee ❑ Guardian or Conservator C Other: Signer Is Representing: 02014 National Notary Association • www.NationalNotary.org • 1 -800 -US NOI-ARY (1-800-876-6827) Item #5907 CHIJBB' Power of Attorney Federal Insurance Company I Vigilant Insurance Company I Pacific Indemn ity Company Know All by These Presenia That FEDERAL INSURANCE. COMPANY,. an Indiana corporation, VIGILANT INSURANCE COMPANY, a New York corporation; and PACIFIC INDEMNITY COMPANY, a Wisconsin corporation do each hereby cansimute and appoint Linda D. Coats, Matthew J. Coats and Summer Reyes of Laguna Hills; California-------------"---------------------------------------------------------------------'------------ each as their true and lawful Attorney -in -Fact toexecute under such designation in their namesand to affix their corporate seals to and deliver for and on their behalf as surety thereon or otherwise, bonds andundertakings and other wrrongs obligatory in the nature thereof (other than bail bonds) given or executed in the course of business, and any 'imtmnemsamendingorahering thesame, and consentsto the modification oraltemdon of any instrument refereed to hnsaidbonds orobligations. la Witnem Whereof said FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY and PACIFIC INDEMNTIT COMPANYhave each executed and attested these presentsandaffixedtheircorporatesals onthisW8 day ofAupM2019. p[A➢ use l^sl. N9 JBL PL ftrvmSecretary Stephen M. Haney. Vice President _ST&1 QFNGWdERSEY__ o CountyfHumerdon_,.. ,tv On this 25°.day 9fAvgtaL.2019, before me, a Notary Public of New Jersey, Personally erre Dawn M. Chloms, to me known to be Assswtt Secretaryof FEDERAL INSURANCE _COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY, the companies which executed the foregoing Power of Attorney, and the said Dawn M Chloros, being by me duly, sworn diddepose and say that she is Assistant Secretary of FEDERAL INSURANCE COMPANY,VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY and knows the corporate seals thereat ftitthe seals affixed to the foregoing Power of Attorney are such corporate seas and were thereto affixed by authority ofmid Companies and that she signed said Power of Amameyas Assistant Secretary ofsaid Companies by like authority, and that she's acquainted with Stephen M. Haney, =it knows liun to be Vice President ofsaid Companies; and that the signature of Stephen M. Haney; subscribed to said Power of Amomey is in the genuine handwrmng of Stephen M..Haney; and was thereto subscribed by authority ofsaid Compantes and in deponent's presence. CERTIFICATION Resolutio sadoptedby the Boards ofDirecors of FEDERAL INSURANCE COMPANY; VIGILANT INSURANCECOMPANY, and PACIFIC INDEhWITY COMPANY on August 30, 2016: 'RESOLVED. tlatthefolb imauftAmftmmlatemtheee dmforaMonbeh*cdo eC®pmry,ofbDni,undffuUr,reuosimdues,mmaasandoftrwdnmmnuN=m of the Conpan, entered into tndmodnarymurseofbleinecv(eacha `Writ enlbmmtuuem ): in Each of the Oiatrmaa the President and the Vice Hesidmts of dh QampaovIshmbv authorized toexemmarq WriaaiCommitmer¢ farandonbelnlfofthe0ompvlyuMu the seal of it. Company or otherwise. (2) Eandulyappomtedn[cmayinfalt of the comport, Is heebyauthomed in execute arty Written Commitment for and on behalf ofIle Compury.!uder thesal of the company or MWMIsetotheen=dt SurhaaiMnt Ud"IZOdbythe IpanlofpoivaSProHddfdrinsuchpeSon'Sixin nappamomeruassudrattoniey-mfaa. o) Ealy of de Clahnan, the President and the Mr. Pre iferb of Ile Conpmysllaeby aud=i d.foandou belaHdthe Company mappohli wdd g any person flue attorney "a of the Company aim full rover ad authadrymecemm te,'.for acon behdfofthe Ormpmry, coda the sal dr the l)aoAmY oroBrratsesuch Warrioaaminarra Nue Oampanyasmaybe spedfid In sochwrinenappammna . which spe]Bmnanmaybebygaieal type or dassof Written Conardtments or byspecifioMnof one ormore Particular Woman (4) Each of the. Cairmmuthe. Preddmt and the Vire Presidents of the Company G hevbyaudlorhd, Ra and on behalfofde company, to dekgme in writing to any oma officer N rte ComPORYtle mmmWoexemte, for and ombetWf of Ile Q ni ann ude, the Cmmpam+s seal or tiler 1w. such Wrimm Commitments ofdie (bmparryasa sspeadfid insich wrmendelegadm,which spetlaratiin may te.byge-reral typeor dassof_Written 2mmimhets.ta bysPaJ&'arimn rforemmore pkiiadir Wrften Commtnnans _ _ _ CM 71m signature darq oRcer orother person executing anyWNtten Commtuamt or appointment o delegation pursuant to ddsResolution; and tM seal of The Company, may be affixed by famandleo,suchWdrenQxroa ra morwrtrtenappointmentordelegadm. FURTHER RESOLVED. that the foregoing Resolutim shall ry be deemed in beanexdhdw ssemanofthe powers and adhomy folfifIem emplaw .0odiorpersummact far ad on behalf of thre Company, and such Brolutbnrltall net band or odx�wlse affect the exercise ofanysudhpowao audwdtyodevAseVaddlyganted or wsd" L Dawn M. Chloio *Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY(the'Companies') do hereby certify that' .._ - (0 theforegomg Resolmionsadopnedby the Board olOireaols ofthe Companies are cone, carrettandin frill force and etfem �.(ih7 theforegoing PouerofAnomeystme.cmrwdinfullforceandeffem Grvsnundermyharfdardsealsofsaid CompaniesatWhhehotse Smtionryl.this 2nd day of November, 2020. a Dawn M. Chtarm Assistant Socretary IN THE EVENT' YOU W ISH TO VERIFY TH E AUrH ENTICr1Y OF THIS RONDO R NOTNY IB OF ANY OTHER MATTER PLEASE ODNfAC' US AT: Tele lSOM9033493 - lex(908)903.36R eariall: anety6drabbotiam FEO•V[G>PL(inv 08-18) Notarial heal INETARYME11UOOFNEWJERSEY G7kq No:-Corlyrllstio CERTIFICATION Resolutio sadoptedby the Boards ofDirecors of FEDERAL INSURANCE COMPANY; VIGILANT INSURANCECOMPANY, and PACIFIC INDEhWITY COMPANY on August 30, 2016: 'RESOLVED. tlatthefolb imauftAmftmmlatemtheee dmforaMonbeh*cdo eC®pmry,ofbDni,undffuUr,reuosimdues,mmaasandoftrwdnmmnuN=m of the Conpan, entered into tndmodnarymurseofbleinecv(eacha `Writ enlbmmtuuem ): in Each of the Oiatrmaa the President and the Vice Hesidmts of dh QampaovIshmbv authorized toexemmarq WriaaiCommitmer¢ farandonbelnlfofthe0ompvlyuMu the seal of it. Company or otherwise. (2) Eandulyappomtedn[cmayinfalt of the comport, Is heebyauthomed in execute arty Written Commitment for and on behalf ofIle Compury.!uder thesal of the company or MWMIsetotheen=dt SurhaaiMnt Ud"IZOdbythe IpanlofpoivaSProHddfdrinsuchpeSon'Sixin nappamomeruassudrattoniey-mfaa. o) Ealy of de Clahnan, the President and the Mr. Pre iferb of Ile Conpmysllaeby aud=i d.foandou belaHdthe Company mappohli wdd g any person flue attorney "a of the Company aim full rover ad authadrymecemm te,'.for acon behdfofthe Ormpmry, coda the sal dr the l)aoAmY oroBrratsesuch Warrioaaminarra Nue Oampanyasmaybe spedfid In sochwrinenappammna . which spe]Bmnanmaybebygaieal type or dassof Written Conardtments or byspecifioMnof one ormore Particular Woman (4) Each of the. Cairmmuthe. Preddmt and the Vire Presidents of the Company G hevbyaudlorhd, Ra and on behalfofde company, to dekgme in writing to any oma officer N rte ComPORYtle mmmWoexemte, for and ombetWf of Ile Q ni ann ude, the Cmmpam+s seal or tiler 1w. such Wrimm Commitments ofdie (bmparryasa sspeadfid insich wrmendelegadm,which spetlaratiin may te.byge-reral typeor dassof_Written 2mmimhets.ta bysPaJ&'arimn rforemmore pkiiadir Wrften Commtnnans _ _ _ CM 71m signature darq oRcer orother person executing anyWNtten Commtuamt or appointment o delegation pursuant to ddsResolution; and tM seal of The Company, may be affixed by famandleo,suchWdrenQxroa ra morwrtrtenappointmentordelegadm. FURTHER RESOLVED. that the foregoing Resolutim shall ry be deemed in beanexdhdw ssemanofthe powers and adhomy folfifIem emplaw .0odiorpersummact far ad on behalf of thre Company, and such Brolutbnrltall net band or odx�wlse affect the exercise ofanysudhpowao audwdtyodevAseVaddlyganted or wsd" L Dawn M. Chloio *Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY(the'Companies') do hereby certify that' .._ - (0 theforegomg Resolmionsadopnedby the Board olOireaols ofthe Companies are cone, carrettandin frill force and etfem �.(ih7 theforegoing PouerofAnomeystme.cmrwdinfullforceandeffem Grvsnundermyharfdardsealsofsaid CompaniesatWhhehotse Smtionryl.this 2nd day of November, 2020. a Dawn M. Chtarm Assistant Socretary IN THE EVENT' YOU W ISH TO VERIFY TH E AUrH ENTICr1Y OF THIS RONDO R NOTNY IB OF ANY OTHER MATTER PLEASE ODNfAC' US AT: Tele lSOM9033493 - lex(908)903.36R eariall: anety6drabbotiam FEO•V[G>PL(inv 08-18)