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23-0807_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond Release Letter (SUR21000012 & SUR1000016)30448 Rancho Viejo Road, Suite 110 San Juan Capistrano, CA 92675 (949) 493-1171 (949)493-1053 Fax www.SanJuanCapistrano.org August 7, 2023 Sompo International I Surety Attn: Cody Green, AFSB 12890 Lebanon Road Mount Juliet, TN 37122-2870 Re: Release of Bonds — Pacific Point Development Partners, LLC To whom it may concern: MEMBERS OF THE CITY COUNCIL: Troy Bourne John Campbell Sergio Farias Howard Hart John Taylor This letter is to inform you that the following bonds issued to Pacific Point Development Partners, LLC for subdivision improvements with Tracts 15609 and 16752 are officially released as of August 7, 2023: BOND NO, PURPOSE BOND AMOUNT SUR21000012 Water Subdivision Improvements Tract 15609 SUR21000016 Water Subdivision Improvements Tract 16752 $ 24,266.00 $ 41,167.60 The City of San Juan Capistrano hereby fully and forever releases and discharges Ironshore Indemnity, Inc. from any and all liability under the abovementioned bond numbers. Enclosed please find the released bonds. If you have any questions, please do not hesitate to call me at (949) 443-6310. Sincerely, \C,J Christy Jakl, CMC Assistant City Clerk Enclosures as noted cc: Thomas Toman, Public Works Director Jeremy Hohnbaum, Senior Civil Engineer Justin Inducil, Engineering Technician RELEASED#raC Date: C� uI Signature: City Clerk City of San a api Decrease PENALTY RIDER BOND AMOUNT $60.665.00 BOND NO. SUR21000012 PREMIUM $455.00 To be attached and form a part of Bond No. SUR21000012 dated the 19th day of MAY, 2015, executed by lronshore Indemnity Inc. as surety, on behalf of Pacific Point Development Partners, LLC as current principal of record, and in favor of City of San Juan Canistrano, as Obligee, and in the amount of Sixty Thousand Six Hundred Sixty Five Dollars and 00/100 (560,665.001. In consideration of the agreed premium charged for this bond, it is understood and agreed that lronshore Indemnity Inc. hereby consents that effective from the 20th day of December, 2qL7, said bond shall be amended as follows: THE BOND PENALTY SHALL BE Decreased: FROM: Sixty Thousand Six Hundred Sixty Five Dollars and 00/100 ($60,665.00) TO: Twenty Four Thousand Two Hundred Sixty Six Dollars and 00/100 ($24,266.00) The Decrease of said bond penalty shall be effective as of the 20th day of December, 2017, and docs 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. rl Signed, sealed and dated this 11th day of January 1018. ., lronshore Indemnity Inc. p SURETY BY: V JCS-.-_'CY � _)— Donna M. Planets, ATTORNEY-IN-FACT clo Willis of Florida, Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 Inquiries: (813)281-2095 Senate Bill 1050, amends Sections 1189 and 1195 of the Civil Code and Section 8202 of the Govemmeni Code, relating to notaries public. The below physical format of the new disclosure notice is an example, for purposes of illustration. A notary public or other officer coinpleting 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 ofCalifo ti County of � Lim On liQ before me, t-tc (here insert name and h le of fficer), personally appeared who proved to me on the basis of satisfdctory'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/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 1 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 LL"(Seal) W. LEWIS Cafnmission # 2088325 I'm Notary Public - California i Orange County s My Comm. Expires Oct 31. 2018 ACKNOWLEDGEMENT OF SURETY STATE OF Connecticut COUNTY OF Hartford On this 11th day of January, 2018, before me personally came Donna M. Planeta, to me known, who, by me duly sworn, did depose and say that he/she is the attorney-in-fact of the Ironshore Indemnity Inc. that he knows the seal of the corporation; that the seal affixed to the said instrument is such company seal; that it was so affixed by order of the Board of Directors of said company and that he/she signed his/her name thereto by like order. 1 AIMEE PE,RONDINE / NOTARY PUBUC-CT 174145 MY cOMMISSION EXPIRES MAY 31,9-022 Notary Public, Aimee Perondine III. SUR21000012 fronshore Indemnity Inc. KNOW ALL MEN BY THESE PRESENTS, that IRONSHORE INDEMNITY 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, Alza Lopez, Keri Ann Smith, Brian Peters, Danielle D. Johnson, Stephan! A. Trudeau, Adam Martin, Ashley Sinclair, Michelle Anne McMahon its true and lawful Attorneys) -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 22" a 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 tht 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 df the Company may be affixed by facsimile an 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 71h day of August, 2013 IRONSHORE INDEMNITY INC. ti By: " Dane LSuss n Director ACKNOWLEDGEMENT On this 7" 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. w••w„ 6.+�rv�•.4 AYYTAYIna !•� � � � xobry9uWlw Slab oRmnaava{ �r�"r: +�,,.TF 0{W9son Cnwry Yyeommlaelon liplru W-0619 By Amy aylor Not PUDX 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 resolutlons as setforth are now In force. Signed and Sealed atthis fiv' Dayof aK81n IN� 20J� i � Paul S. GI nano 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." REL ASEW, Date: Signature: City Clerk City of San 1u istrano, CPO Decrease PENALTY RIDER BOND AMOUNT $102919.00 BOND NO. SUR21000016 PREMIUM73 72.00 To be attached and form a part of Bond No. SUR21000016 dated the 19th day of May, 2015, executed by Ironshore Indemnity Inc. as 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 One Hundred Two Thousand Nine Hundred Nineteen Dollars and 00/100 ($102.919.001. 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: One Hundred Two Thousand Nine Hundred Nineteen Dollars and 00/100 ($102.919.001 TO: Forty One Thousand One Hundred Sixty Seven Dollars and 60/100 ($41.167.601 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 bund shall no/ 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 Ja�rv, 2018. Ironshore Indemnity Inc. SURETY BY: \y Jai-�!� c I.,����� Donau M. Plaseta, ATTORNEY.IN-FACT Go Willis of Florida, Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 Inquiries: (813) 281-2095 ACKNOWLEDGEMENT OF SURETY STATE OF Connecticut COUNTY OF Hartford On this 11th day of January, 2018, before me personally came Donna M. Planeta, to me known, who, by me duly sworn, did depose and say that he/she is the attomey-in-fact of the Ironshore Indemnity Inc. that he knows the seal of the corporation; that the seal affixed to the said instrument is such company seal; that it was so affixed by order of the Board of Directors of said company and that he/she signed his/her name thereto by like order. AIMEE PERONDINE I( NOTARY PUBLIC - CT 174145 MY COMMISSION EXPIRES MAY 31, 2022 Notary Public, Aimee Perondine III_ SUR21000016 Ironshore Indemnity Inc. KNOW ALL MEN BY THESE PRESENTS, that IRONSHORE INDEMNITY 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 Attorney(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 ofa 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. ��w7( eeu nu %. ell By: Dan aL. Susm n Director ACKNOWLEDGEMENT On this 7th Day of August, 2013, before me, personally came Daniel L. Sussman to me known, who being duly sworn, dill 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. /� t anranba xoluy Peglo- Blel[ Blrenoaarae '�"' Bmidwn Caunry ..Q,�p..f� NyermMwlon [nalrw Bl-06-iB BY Amy aylor Nat 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 this IIDayof bf 20 I Paul S. GI dano 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;'