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15-0421_Bond_LV Pacific Point_TTM 16752_SUR20000342RELEASED Signature City Clerk ,^ City of San Juan Capistrano, CA SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No: SUR20000342 KNOW ALL MEN BY THESE PRESENTS, that LV Pacific Point LLC (hereafter designated as "Principal"), and Ironshore Indemnity Inc.. as Surety (hereinafter called "Surety") agree to install and complete certain designated public improvements as conditioned by City Council Resolution No's.92-6-16-4 and 03-09-16- 06. WHEREAS, said Principal is required to furnish a bond pursuant to Municipal Code Section 9-5.101 and 9-5.109 et seq., for the faithful performance to guarantee certain work, more particularly described as follows: Street subdivision improvements within Tract 16752 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16752. NCW, THEREFCRE, we, the Principal and Surety are held firmly bound unto the City of San Juan Capistrano, (hereafter called "Cbligee") in the penal sum of Nine Hundred Eighty Six Thousand Nine Hundred Thirty Two and 00/100 Dollars, ($986,932) lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. NCW, THEREFCRE, the condition of this obligation is such that. If Principal shall promptly and faithfully perform said improvement obligations within the fully executed and recorded subdivision Improvement agreement, then the obligation shall be null and void; otherwise it shall remain in full force and effect. Page 1 of 3 BE IT FURTHER RESOLVED: 1. As a part of the obligation secured hereby, and in addition to the face amount specified, 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. 2. Said Principal, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the contract documents or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration, or modification of the contract documents or of work to be performed thereunder. IN WITNESS WHEREOF, this instrument has been duly executed by the Principal herein named on the 24th day of March , 2015, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representatives pursuant to authority of its governing body. PRINCIPAL: LV Pacific Point LLC A Delaware Limited Liability Company (NOTARIZATION AND SEAL) By: PAMI LLC, its Managing Member By: -<^Jh. Its: Jonas Stiklorius Authorized Signalory SURETY: (NOTARIZATION AND SEAL) Page 2 of 3 APPROVED AS TO FORM: Bv: ^(], Hans Van Ligten, City Attorney NOTE: Please attach Acknowledgement and Power of Attorney Page 3 of 3 POWER OF ATTORNEY Ironshore Indemnity Inc. Ill- 20000342 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: Chris Dobbs, Jalene Brown, and Tracy L. Carlile its true and lawful Attorney(s)-ln-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"'' 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 $7,500,000 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 y'^dayof August, 2013 IRONSHORE INDEMNITY INC. 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. JODV BEROEB NOTAJ Y PUBUC-STATE OF NEW Y< >RK NO. 0UE6222764 OuWmod In Now Yofk Counf f My CommlMion IXOIIM June 01, 2014 erger Nofiry 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 24th Day of March , 20 is Sacratary "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." SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No: SUR20000342 KNOW ALL MEN BY THESE PRESENTS, that LV Pacific Point LLC (hereafter designated as "Principal"), "), and Ironshore Indemnity Inc. , as Surety (hereinafter called "Surety") agree to install and complete certain designated public improvements as conditioned by City Council Resolution No's.92-6-16-4 and 03-09-16-06. WHEREAS, said Principal is required to furnish a bond pursuant to Municipal Code Section 9-5.101 and 9-5.109 et seq., for the faithful performance to guarantee certain work, more particularly described as follows: Street subdivision improvements within Tract 16752 as defined within Amendment #1 and Reinstatement of the Subdivision improvement Agreement for Tract 16752. NOW, THEREFCRE, we, the Principal and Surety are held firmly bound unto the City of San Juan Capistrano, (hereafter called "Cbligee") in the penal sum of Nine Hundred Eighty Six Thousand Nine Hundred Thirty Two and 00/100 Dollars, ($986,932.00) lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. NCW, THEREFCRE, the condition of this obligation is such that if the above bound 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 and provisions per City Council Resolution No's. 92-6-16-04 and 03-09-16- 06, 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 true intent and meaning, and shall indemnify and save harmless the City, its offers, agents and employees as therein stipulated, and, as necessary enter into a Subdivision Agreement, then this obligation shall become null and void; otherwise it shall be and rem? n in full force and effect. Page 1 of 3 BE IT FURTHER RESOLVED: 1. As a part of the obligation secured hereby, and In addition to the face amount specified therefore, 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. 2. Said Principal hereby stipulates and agrees that no change, extension of time, alteration, or modification of the terms of the agreement or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration or modification of the terms of the agreement or of the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the Principal herein named on the 24th day of March , 2015, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representatives pursuant to authority of its governing body. PRINCIPAL: LV Pacific Point LLC A Delaware Limited Liability Company (NC TARIZATION AND SEAL) By: PAMI LLC, its Managing Member By: Jonas Stiklorius Authorized Sienatorv Its: SURETY: (NOTARIZATION AND SEAL) Page 2 of 3 Hans Van LigmrrCi!y7\ttomey NOTE: Please see attached Acknowledgement and Power of Attorney Page 3 of 3 POWER OF ATTORNEY III- 20000342 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: Chris Dobbs, Jalene Brown, and Tracy L. Carlile its true and lawful Attorney(s)-ln-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"" 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 $7,500,000 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 7'" day of August, 2013 IRONSHORE INDEMNITY INC. DaftlelL. SussmSn Director * SEAL 1S19 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. JUDY BERGEB NOTAt Y PUBUC-STATE OF NEW YORK No. 01BE62227&4 Outelflod In Now Yoth County My CommlMion Ixplfo* June 01. 2014 Jufl^rger ' 0 Notary 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 24th Day of March , 20 15 , • , 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." Acknowledgement of Surety State of Tennessee County of Wilson On this, 24th day of March, 2015, located in and for said County and State, before me personally came Christopher L Dobbs, to me known, who, being by me duly sworn, did depose and say that he resides in Mt. Juliet, TN; that he is the Attorney in Fact dully appointed for Ironshore Indemnity Inc., the corporation described in and which executed the above instrument; and that he signed his name thereto by authority of the board of directors of said corporation to the Subdivision Faithful Performance, Labor & Material Bond for LV Pacific Point LLC. In Witness hereof, I here unto set my hand and official seal. Notary Public Jalene Brown County of Residence: Sumner My Commission Expires: May 25, 2016 SEAL: noHSHtwE imcMNiry inc nwWCUl STATIMENT SUMMAKr «»rtDie»»ntir3:.ani «5EE Bonis Broforrid stoGfcs Common Stocks MoftMc toons on roof ostolo: FUst Notts MoftNsBo toons on toot ostolo; Otttor ttion Brat lions Propofttos occuiilon by th« componv ProoofUos ImM for tho iiroiluclJon of Incomt Pfpponlpshobl lor solo Cosh, coshopolyolottu snp shon-uim Invostnionts Controcl hssns other kmstotlossats Rocolwoblos htr secttrhies SeooWes lendlnf relnvestoii cpllitirol osseB |i<|te|otewrlto.lnsfQr InweiSetl assets Sitbtptoh. cidt sitN lovtstoO ossets nMplinulessS..CIioile<lpn ktvestioonl tncpitit ihte ond occruod UncoNectedpretnlumsotidOitpts Jtolonceslntheceutsepfcslleotion OeM iiik oetnts* hilsttces 01 Aosissd Totspspecdve premiums Amounts rooovoroMo front tokrutrors Fundi hoM py or depodtod uttth rolnsurtd cempotllos OOior omounis rooitvoMP uttdor totnuraiioo controcti Ameunn tesefvotdo relodnt to imlnurod ploni Cumnt lodorsl otid lorelen incotno mo tocovoroPto ond Intorest thorot Hotdoforrodtoxosiot Guoroiity fundi lecohmWo or on doppslt Ftirnltuie ond odtdpmont, mdiolltie hooMi coro dillnry oneu Nol odhrstmonl In ossols ond UohNKloi duo to fMol|n enlsot^ rotts BocnlwoMis Item poront, Mihsldlofhts ond omUalos Hoollh tero ond pthor ompunti teeohahlo Acitoffott onltedni for edior llton Invostod ossoti lAUUUTM 0 ».9ao,nc 0 0 0 0 0 9 0 0 0 0 0 174jO].tS« 0 BSd.119 49.232.(70 0 0 30J«7,US 0 0 0 0 4,«is.(e< 0 0 0 ijBMte 0 4JM.1M 270,41t3<S Mtisuionto plyiMo on P4kl lpts4s ond lots 44)01111101114spoi>ios Loss od)iKtmo«t osponioi CommltdPiii poyolilt, tPiitln(onl tommfsdons ond oltior dmiloi thoijos Odtor osponies lostdudkK touL Nooniel onlioos) Toxoi, Ikensos ond lOos (oodudinf fodoral ond forolin intomo tosos) Cunm: hrprrti ond toni£n Income tisol NitdolorrodtoslblilNty Unoomodproffliumt Adsoncopmmkim elnolpltod) osl Coded rolhsuroncc prpmitin Funds hold try compony undir rolnsuronco treotlts Amounts wtthliold or rotolnod by compony tar octputtt of pihors Romlttoncos ond Itoms not oftacotod FTpyftlon tar rotmurone IM odjustmonti In ossots ond loblNltts duo to taroiin osthonio rs Droits putstondliic Boyobto to poront. subddlotlos ond ofTUlotcs DoHvothms PoyoWotarsocuttttos Poyobta for socuiltics l«ulli« UoMllty lor omounis hoM ttndor unltisurod pUns AdtiOfOtounltodnstorUblinics TPUlNibNItlosoiidudlnlprPUaodsoillsblWtas ProloctodcoNllolilWios Totol UsbflWps POOCVHOUtEliyS HtltPtUS AIBSB.BBB 0 Tajois 12554774 l.<25.7a5 4,417 0 2S,S«».120 44M75M D Mi4>4»4>M C4a}.15« 149,«X44t> 149,S<tJ6a 120540.117 mix. Sofrofottd Aocounis ond Pmloctod Ctd Aocputils lOTAU 270,4«,3«t nforspodoliurplusluids Ctmtmoncopltolstotk Prolorred topttolitocfc Aftretote orltodns tar ptinm Ihon ipodol surpliis Surplus Nous dross pold In ond c ntnbutod surplus Utiosslfnodfur isurptusi Surpkaosrcr . poBctmoldors (14JSB5S4I 120540.217 CEHnHCAII I coroty that the obove flnoticlat stptemcnts to the best of my knoutlodNP Oft 0 true ond ocoirote toBoctloii of the flunslsl condition of Iho Compony OS of Dosombor 91, lOU. f cpitlfy tftm the obove fitiandol stotanUBnfs ore CFO.VPOTTtosufet ALYSSATURKOVnZ Notary Public. State of New\M( No. 011116044514 Ouaimetf te Wsstchester Counte Comnteion &|]ir«8 July ia aoie STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) On the 1st day of April in the year 2015 before me, the undersigned, personally appeared Jonas Stiklorius, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person or entity upon behalf of which the individual acted, executed the instrument. Signature and^ffice of inoividual taking acknowledgment LISA A. PHELAN Notary Public, State of New York Qualifieo m New York County Reg No. 01PH6292618 Commission Expires November 4, 2017