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.
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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.
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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;'