21-0701_ADAM, JIM_Release of Bond32400 PASEO ADELANTO
SAN JUAN CAPISTRANO, CA 92675
(949) 4931171
(949) 493.1053 FAx
n n msan/aanrapus 0 anu.l,rt
July 1, 2021
SureTec Insurance Company
3131 Camino Del Rio North, Suite 1450
San Diego, CA 92108
MEMBERS OF THE CITY COUNCIL
TROY BOURNE
SERGIO FARIAS
HOWARD HART
DEREK REEVE
JOHN TAYLOR
Re: Release of Bond — Abdu Adam — B17-0075 Hidden Creek Estates Development — Tract
17842, 29847 Hidden Creek
Dear Sir or Madam:
This letter is to inform you that the following bond issued to Abdu Adam for
B17-0075 Hidden Creek Estates Development, Tract 17842, 29847 Hidden Creek, is officially
released as of June 21, 2021.
BOND NO. PURPOSE ORIGINAL AMOUNT
3381725 Grading Surety Agreement Performance Bond $ 46,252.80
The City of San Juan Capistrano hereby fully and forever releases and discharges SureTec
Insurance Company 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.
Sincerely,
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
0 Pr, iJ tl on 100% re,,G paper
qYl
D ORIGINAL
RELEASED BOND NO. ang172s
Date: Ja`' INITIAL PREMIUM: $1,156.00
SlynaWre: SUBJECT TO RENEWAL
City t krk
City of San) Plan A
GRADING SURETY AGREEMENT
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS the City of San Juan Capistrano ("City") and
Abdu Adam ("Principal"), have executed an agreement for
work consisting of, but not limited to, the furnishing of all labor, materials, tools, equipment,
services, and incidentals for all grading and installation of related improvements for Tract Map
Nos. 17842, B17-0075 ("the Work");
WHEREAS, the Work to be performed by Principal is more particularly set forth in
that certain Grading Surety Agreement dated February 15th , 2017 ("Agreement"), which
Agreement is incorporated herein by this reference; and
WHEREAS, Principal is required by the Agreement to provide a good and sufficient
bond for performance of the Agreement, and to guarantee and warranty the Work performed
thereunder.
NOW, THEREFORE, Principal and SureTec Insurance Company as surety
("Surety"), a corporation organized and existing under the laws of the State of Texas , 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 Six Thousand Two Hundred Fifty Two dollars Eighty cents
($46,252.80), for which amount well and truly to be made, we bind ourselves, our heirs, executors,
administrators, successors or 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, warranties and
provisions in the Agreement and any alteration thereof made as therein provided, on his or their part,
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 shall indemnify and save harmless City, its officers,
employees, and agents, as therein stipulated in the 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 Agreement, or to any plans, profiles, and
specifications related thereto, or to the Work to be performed thereunder, shall in any way affect its
Grading Surety Agreement, Permit #B17-0075 Page 9 of 11
61147.02100\24873741.2
poA a: 510096
SureTec Insurance Company
LIMITED POWER OF ATTORNEY
Snow All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and
existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents
make, constitute and appoint
Steven A. Swartz, Kelly Specht
its true and lawful Attorney-in-fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge
and deliver any and all bonds, recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the
conditions of contracts and consents of surety for:
Five Million and 00/100 Dollars ($5,000,000.00)
and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate
seal of the Company and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney -in -Fact may do in the
premises. Said appointment shall continue in force until 5/18/2017 and is made under and by authority of the following
resolutions of the Board of Directors of the SureTec Insurance Company:
Be it Resolved, that the President, any Vice -President, any Assistant Vice -President, any Secretary or any Assistant Secretary shall be and is
hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on
behalf of the Company subject to the following provisions:
Attorney -in -Fact may be given full power and authority for and in the name of and of behalf of the Company, to execute, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity and other conditional or obligatory undertakings and any and all
notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such
Attorney -in -Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary.
Be it Resolved that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or
any certificate relating thereto by facsimile, and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid
and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 20`s of April,
1999.)
In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal
to be hereto affixed this 21st day of March, A.D. 2013.
SURETEC INSURANCE COMPANY
SOPANCCF
�4///e�.�X 9,xNO y,
�W)�Y}g E John I ox Js' resident
State of Texas ss: o w-''�t)
County of Harris ... ia'
,m* 0
On this 21st day of March, A.D. 2013 before me personally came John Knox Jr., to me known, who, being by me duly swom, did depose and say, that he
resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY, the company described in and which executed the above
instrument; that he knows the seal of said Company; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the
Board of Directors of said Company; and that he signed his name thereto by like order.
JACOUELYN MALDONADO
Notary Public
state of Texas
°fia,rt" My Comm. Exp, 5/18/2817 JacqYielyn Maldonado, Notary Public
My commission expires May 18, 2017
1, M. Brent Beaty, Assistant Secretary of SURETEC INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy
of a Power of Attorney, executed by said Company, which is still in full force and effect; and furthermore, the resolutions of the Board of Directors, set
out in the Power of Attorney are in full force and effect. 7/j/ f'J.
Given unYJ
der my hand and the seal of said Company at Houston, Texas this 4�' day of �� U A.D.
8 Z&—Zr
M. Brerft Beaty, Assistant Secretary
Any Instrument Issued In excess of the penalty stated above is totally void and without any validity.
For verification of the authority of this power you may call (713) 812-0800 any business day between 8:00 am and 5:00 pm CST.
California All -Purpose Certificate of
ent
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
S.S.
On February 22. 2017 before me, Cassandra Fisher Notary Public
personally appeared Steven A. Swartz
who proved to me on the basis of satisfactory evidence to be the person(s) whose name($)
is/axe subscribed to the within instrument and acknowledged to me that he/skelthtey executed
the same in his/heir authorized capacity(ies), and that by his/heir signature(q) on the
instrument the person(s), or the entity upon behalf of which the person(s) 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—y'hanndd and official seal.
�—
OPTIONAL INFORMATION
m,ar----_--
CASSANDRA FISHER
Commission #211"21I 2121476
z ,-m Notary Public - California zz
z '' Orange County
M Comm. Ex Tres Jul 30, 2019
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Description of Attached Document
The preceding Certificate of Acknowledgment is attached to a
document titled/for the purpose of Bond #:3381725
containing 2 pages, and dated February 22, 2017
The signer(s) capacity or authority is/are as:
❑ Individual(s)
® Attomey-in-fact
❑ Corporate Officers)
MIMI
GuardianiConservator
Partner - Limited/General
Trustee(s)
Other:
•r ..-.�. r.-u�� r ,ua
Method of Sioner Identification
Proved to me on the basis of satisfactory evidence:
❑ form(s) of identification ❑ credible witness(es)
Notarial event is detailed in notary journal on:
Page#_ Entry#_
❑ Additional Signer ❑ Signer(s)Thumbprints(s)
FE-
ttch. ,. al v:•w: in?Aoi :;>Slorc com
obligations on this bond, and it does hereby waive notice of any such change, extension -of time,
alteration, or addition to the terms of the Agreement, or to the Work or to the specifications.
IN WITNESS WHEREOF, the seal, if any, and signature of the Principal is hereto
affixed, and the corporate seal and the name of the Surety is hereto affixed and attested by its duly
authorized Attorney -in -Fact at San Clemente. CA this 22nd day of February
2017 .
Abdu Adam Suretee Inst
Principal Surety
By: By:
Presiden Attomey-in-Fact
�'✓ D y /-I Steven A. Swartz
(print name) (print name)
NOTE: APPROPRIATE NOTARIAL ACKNOWLEDGMENTS OF EXECUTION BY
PRINCIPAL AND SURETY, AND A COPY OF THE POWER OF
ATTORNEY TO LOCAL REPRESENTATIVES OF THE SURETY MUST BE
ATTACHED TO THIS BOND.
Grading Surety Agreement, Permit #B17-0075 Page 10 of 11
61147.02100\24835741.2