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HomeMy WebLinkAbout2011/01/18 Item 4CITY COUNCIL AGENDA STATEMENT ~~~ CITY OF CHULA VISTA 1/18/2011, Item_ ITEM TITLE: SUBMITTED BY REVIEWED BY: SUMMARY RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT FOR CHULA VISTA TRACT NO. 03-03, BELLA LAGO, WITH K. HOVNANIAN AT BELLA LAGO, LLC, AND BELLA LAGO, LLC. ASSISTANT CITY MANAGE EVELOPMENT SERVICES DIRECTOR , CITY MANAGER 4/STHS VOTE: YES ^ NO The Bella Lago Subdivision is located east of Rolling Hills Ranch and consists of 139 estate lots. The proposed second amendment is to provide the developer additional time for the completion of the project and to substitute the security for the improvements. ENVIRONMENTAL REVIEW The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it consists of a governmental administrative action that will not result in direct or indirect physical changes in the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. RECOMMENDATION Council approves the Resolutions. BOARDS/COMMISSION RECOMMENDATION Not applicable. DISCUSSION The original subdivision improvement agreement was approved by Council with Resolution 2006- 108 on April 11, 2006. On July 14, 2009 Council approved an amendment to the original agreement, which extended the term of the Subdivision Improvement Agreement for a period of two years to complete the partially improved project. Tonight's action further extends the timeframe for the construction of the public improvements to October of 2013. Project Phasing 4-1 1/18/2011, Item ~- Page 2 of 2 The City approved a 3 Phased Plan for the improvements of the Bella Lago subdivision at the request of the developer. The improvements for Phase 1 are complete. The developer has submitted security for the remaining two phases with this second amendment of the Subdivision Improvement Agreement. DECISION MAKER CONFLICT Staff has reviewed the property holdings of the City Council and has found no property holdings within 500 feet of the boundaries of the property, which is the subject of this action. CURRENT YEAR FISCAL IMPACT There is no direct fiscal impact to the City. Costs associated with the processing of this item will be borne by the developer. ON GOING FISCAL IMPACT There is no direct fiscal impact to the City. Costs associated with the processing of this item will be borne by the developer. Prepm~ed by: Rima Thomas, Associate Engineer, Development Services Department J:AEngineerAAGENDAACAS2011A0l-18-1IACOUNCIL AGENDA STATEMENT FOR BELLA LAGO 201 I wvised.doc 4-2 RESOLUTION NO.2011- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT FOR CHULA VISTA TRACT NO. 03-03, BELLA LAGO, WITH K. HOVNANIAN AT BELLA LAGO, LLC, AND BELLA LAGO, LLC WHEREAS, the City Council of the City of Chula Vista approved a Subdivision Improvement Agreement ("SIA") for Bella Lago, (CVT 03-03) with Resolution 2006-108 on April 11, 2006; and WHEREAS, the City Council of the City of Chula Vista approved an amendment to the Subdivision Improvement Agreement for Bella Lago ("Amendment"), (CVT 03-03) with Resolution 2009-162 on July 14, 2009; and WHEREAS, the SIA and the associated security was for the purpose of insuring the installation of improvements and/or land development work as required by the Title 18 of the Chula Vista Municipal Code for the subdivision pursuant to the Subdivision Map Act; and WHEREAS, the SIA required the Developer to complete all Improvement Work, as defined in the SIA, on or before the second anniversary date of Council approval of the SIA; and WHEREAS, the Amendment approved an extension of the SIA for an additional two years to complete the partially improved project; and WHEREAS, the Developer has installed improvements for Phase 1 of the project, but has not completed all of the Improvement Work; and WHEREAS, the Developer has provided the City Of Chula Vista with bonds for the remaining two phases of the project and has executed a Second Amendment to the SIA to extend the term an additional two years to October of 2013. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the Second Amendment to the SIA between the City of Chula Vista and K. Hovnanian at Bella Lago, LLC and Bella Lago, LLC, a copy of which shall be kept on file in the office of the City Clerk. Presented by Gary Halbert, P.E., AICP ~' Director of Development Services -~?l~ity to form by 4-3 THE ATTACHED AGREEMENT HAS BEEN REVIEWED AND APPROVED AS TO FORM BY THE CITY ATTORNEY'S OFFICE AND WILL BE FORMALLY SIGNED UPON APPROVAL BY THE CITY COUNCIL Dated: 7 f - SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT BETWEEN THE CITY OF CHULA VISTA, K. HOVNANIAN AT BELLA LAGO, LLC, AND BELLA LAGO LLC 4-4 Recording Requested by: CITY CLERK When Recorded, Mail to: CITY OF CHULA VISTA 276 Fourth Avenue Chula Vista, CA 91910 No transfer tax is due as this is a conveyance to a public agency of less than a fee interest for which no cash consideration has been paid or received. Declarant SECOND AMENDIVIENT TO SUBDIVISION IMPROVEMENT AGREEMENT THIS "SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT" (the "Second Amendment"), is made and entered into this day of 2010, by and between THE CITY OF CHULA VISTA, a municipal corporation, hereinafter called "City, K. HOVNANIAN AT BELLA LAGO, LLC, a Califomia Limited Liability Company, ("K. Hovnanian") and BELLA LAGO LLC, a Califomia Limited Liability Company, ("Bella Lago") (K. Hovnanian and Bella Lago may be referred to collectively in this Second Amendment as, "Subdivider"). This Second Amendment shall amend the `'Subdivision Improvement Agreement" ("SIA"), recorded on May 10, 2006 as Document No. 2006-03 3 1 343, and the "Amendment to Subdivision Improvement Agreement" ("SIA Amendment"), recorded on July 30, 2009 as Document No. 2009-0425028, both recorded in the Office of the County Recorder of the County of San Diego, State of Califomia, by and between the City, K. Hovnanian and Bella Lago (collectively, the "Parties"), with respect to the subdivision of land known as "Bella Lago." The SIA and SIA Amendment shall collectively be referred to herein as the SIA. This Second Amendment is entered into with reference to the following Recitals, which Recitals constitute a part of this Second Amendment: RECITALS: WHEREAS, the City Council of the City of Chula Vista approved a Tentative Map for the subdivision of land known as Bella Lago, (CVT 03-03) with Resolution 2003-143; and, WHEREAS, the City Council of the City of Chula Vista approved a Final Subdivision Map and a Subdivision Improvement Agreement for Bella Lago, (CVT 03-03) with Resolution 2006-108 on April 11, 2006; and, WHEREAS, the Bella Lago SIA and the associated security was for the purpose of insuring the installation of improvements and/or land development work as required by the Title 18 of the Chula Vista Municipal Code for the subdivision pursuant to the Subdivision Map -1- 4-5 Act; and WHEREAS, the SIA required Subdivider to complete all Improvement Work, as defined in the SIA, on or before the second anniversary date of Council approval of the SIA; and, WHEREAS, the City Council approved an amendment to the original SIA on July 14, 2009, extending the time permitted to complete the Improvement Work (referred to in the SIA as the "Completion Date") to June 1, 2011; and, WHEREAS, Subdivider has installed some improvements for the Bella Lago subdivision, but has not completed all of the Improvement Work, and has requested that the Completion Date be extended for a period of two years to allow the Subdivider to complete the Improvement Work; and, WHEREAS, on September 1, 2010 the City approved a Phasing Plan for the improvements of the Bella Lago subdivision at the request of the Subdivider. The project was split into three units. The improvements for Unit 1 will be as built and the approved Phasing Plan will apply to all remaining Improvement Work in Unit 2 and Unit 3 that have not yet been constricted; and, WHEREAS, the City is desirous of extending the Completion Date as long as the Subdivider agrees that all Improvement. Work will be completed to the City's satisfaction by October 22, 2013; and, WHEREAS, complete plans and specifications for the construction, installation and completion of said Improvement Work have been prepared and submitted to the City Engineer, as shown on Drawing Sets 10-026 for Bella Lago Improvements Unit 2 ("Bella Lago Unit 2"), and 10-027 for Bella Lago Improvements Unit 3 ("Bella Lago Unit 3"), inclusive on file in the office of the City Engineer; and WHEREAS, an estimate of the cost of constructing said improvements according to said plans and specifications has been submitted and approved by the City in the amount of SEVEN HUNDRED SIXTY-MINE THOUSAND NINE HUNDRED DOLLARS AND NO CENTS ($769,900.00) for Bella Lago Unit 2, and THREE HUNDRED SEVENTY- ONE THOUSAND THREE HUNDRED DOLLARS AND NO CENTS ($371,300.00) for Bella Lago Unit 3; and WHEREAS, Subdivider previously furnished and delivered to the City the following bonds: (i) Original Bond for Faithful Performance; (ii) Original Bond for Material and Labor; and (iii) Survey Monument Installation Bond, attached as Exhibit A to the SIA, (collectively, the "Bonds"); and WHEREAS, the Parties intend that upon the City's receipt of satisfactory replacement bonds and execution of this Second Amendment by all Parties, ±he Original Bond for Faithful Performance and the Original Bond for Material and Labor in the amount of $4,095,342.00 shall be released by the City and returned to Subdivider. The Survey Monument -2- 4-6 Installation Bond is to remain in full farce and effect and, by its terms, is not altered by this Second Amendment. NOW, THEREFORE, THE CITY, BELLA LAGO AND K. HOViVANIAN MUTUALLY UNDERSTAND AND AGREE AS FOLLOWS: 1. EXTENSION OF TIME TO COMPLETE IMPROVEMENT WORK. Numbered pazagraph 3 of the SIA is amended to read as follows: " 3. It is expressly understood and agreed that Subdivider will cause all necessary materials to be furnished and all Improvement Work required under the provisions of this contract to be done on or before October 22, 2013 (the "Completion Date"). The City Council may extend the Completion Date for a maximum of two additional years, if the City Council determines that extending the time to complete the Improvement Work will not be detrimental to the public welfare." 2. Subdivider shall furnish and deliver to the City, simultaneously with the Subdivider's execution of this Second Amendment, approved improvement securities from a sufficient surety, whose sufficiency has been approved by the City, in the stun of SEVEN HUNDRED SIXTY- NINE THOUSAND NINE HUNDRED DOLLARS AND NO CENTS ($769,900.00) for Be11a Lago Unit 2, and THREE HUNDRED SEVENTY-ONE THOUSAND THREE HUNDRED DOLLARS AND NO CENTS ($371,300.00) for Bella Lago Unit 3, which securities shall (i) secure the payment of material and labor in connection with the installation of the improvements shown on Drawing Sets 10-026 for Bella Lago Unit 2, and 10-027 for Bella Lago Unit 3, respectively, and (ii) guazantee the faithful performance of this Second Amendment by Subdivider and are attached hereto, marked Exhibit "A" and made a part hereof. 3. ALL OTHER PROVISIONS OF SIA REMAIN IN EFFECT. EXCept aS SpeClfically pTOVlded lri this Second Amendment, the SIA and the Bonds remain in full force and effect. 4. GENERAL PROVISIONS 4.1 Incorporation of Recitals. The Recitals of fact preceding this Second Amendment are true and correct and are incorporated into this Second Amendment, in their entirety, by this reference. 4? Recordation. The City may record this Second Amendment in the Office of the County Recorder of San Diego County, California. 4.3 Notices Demands and Communications Between the Parties. 4.3.1 Notices. Any and all notices submitted by any Party to any other Party pursuant to or as required by this Second Amendment shall be proper, if in writing and transmitted to the address of the Party set forth in Section 4.3.2 by one or more of the following methods: (a) messenger for immediate personal delivery; (b) a nationally recognized overnight (one business day) delivery service (i.e., Federal Express, United Parcel Service, etc.); or (c) registered or certified United States mail, postage prepaid, return receipt requested. Such notices -3- 4-7 maybe sent in the same manner to such other addresses as either Party may designate, from time to time, by notice. Any notice shall be deemed to be received by the addressee, regardless of whether or when any return receipt is received by the sender or the date set forth on such rehirn receipt, on the day that it is delivered by personal delivery, on the date of delivery by a nationally recognized overnight courier service (or when delivery has been attempted twice, as evidenced by the written report of the courier service) or four (4) calendar days after it is deposited with the United States Postal Service for delivery, as provided in this Section 4.3. Rejection, other refusal to accept, the inability to deliver a notice because of a changed address of which no notice was given, or other action by a person to whom notice is sent, shall be deemed receipt of the notice by such person. Delivery of a notice to any courtesy copy recipient shall not be a prerequisite to the validity or effectiveness of any Notice. 4.3.2 Addresses. The following are the authorized addresses for the submission of notices to the Parties, as of the Effective Date: To the City: City Manager City of Chula Vista 276 Fourth Avenue Chula Vista, CA 91910 To the Bella Lago: Attn: Tim Wilson Bella Lago, LLC 5566 Valerio Trail San Diego, CA 92130 Telecopier No.: 858-259-8962 To K. Hovnanian: Attn: Chief Legal Officer 1500 S. Haven Ave., Suite 100 Ontario, CA 91761 Telecopier No.: 909-390-7285 Phone: 909-937-3270 4.4 Interpretation. No inference in favor of or against any Party shall be drawn from the fact that such Party has drafted any part of this Second Amendment. The Parties have all participated substantially in the negotiation, drafting, and revision of this Second Amendment, with advice from legal and other counsel and advisers of their own selection. 4.5 Governing Law. The laws of the State of Califomia shall govern the interpretation and enforcement of this Second Amendment, without application of conflicts of laws principles. The Parties acknowledge and agree that this Second Amendment is entered into, is to be fidly performed in and relates to real property located in the City of Chula Vista, County of San Diego, State of Califomia. All legal actions arising from this Second Amendment shall be filed in the Superior Court of the State in and for the County or in the United States District Court with jurisdiction in the County. -4- 4-8 4.6 Binding on Successors and Assigns. This Second Amendment shall be binding upon and inure to the benefit of the Parties and their respective legal representatives, successors and assigns. 4.7 No Other Representations or Warranties. Except as expressly set forth in this Second Amendment, no Party makes any representation or warranty material to this Second Amendment to any other Party. 4.8 Execution in Counterparts. This Second Amendment may be executed in multiple counterpart originals, each of which shall be deemed to be an original, but all of which together shall constitute one and the same document. 4.9 Capacity of Parties. Each signatory and party to this Agreement warrants and represents to the other parties that it has legal authority and capacity and direction from its principal to enter into this Agreement, and that all necessary resolutions or other actions have been taken so as to enable it to enter into this Second Amendment [Signatures blocks appear on the next page.) -5- 4-9 SIGNATURE PAGE ONE OF TWO SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT BELLA LAGO, UNITS 2 & 3 (CVT 03-03) N WITNESS WHEREOF, the parties hereto have caused this agreement to be executed the day and year first hereinabove set forth. THE CITY OF CHULA VISTA Cheryl Cox Mayor ATTEST: Dolma Norris City Clerk Approved as to form by: Glen R. Googins City Attorney -6- 4-~0 SIGNATURE PAGE TWO OF TWO SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT BELLA LAGO, UNITS 2 & 3 (CVT 03-03) DEVELOPERS/OWNERS: K Hovnanian at Bella Lago, LLC, a California limited liability company By: IC. Hovnanian Companies of California, Inc., a Califor~/nia/~J~corporation By: C/` Chad Fuller; Group Chief Legal Officer Bella Lago, LLC, a California limited liability company By: Bellagio Capital, Inc., a California corporation By: Timothy Wilson, President (_Attach Notary Aclrnowledgments) -7- 4-11 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of Califo//rnia County of J4Yt ISPrY1ArZ~~+"~~ On 'Sa'lon `~ z-Ot~ .before me, l.ctf~tz Zl~~, No-fei~tl ~i.r b)ic , ate Here Insert Name antl Title of he Offser personally appeared C~kG~ ~~t'e>~ Name(s) of Signags) who proved to me on the basis of satisfactory evidence to be the person( whose name(~)subscribed to the within instrument and acknowledged to me that t 7e Heftfiep executed the same in is erfH~eir-authorized capacity(jes~, and that by~taer{1berc signature(~i(on the ~~~,,~~~rrrrrrrrr~rw~~~rrr~~~~r~.~.~+ instrument the person}' or the entity upon behalf of ' GpTHIE ZNOU ~ which the personfa~acted, executed the instrument. Commission M 18191M3 ~ ~ Notary Public • Crallfbrnie San Bernerdlno County ~ I certify under PENALTY OF PERJURY under the laws My Comm. Expires Oct 21, 2012 of the State of California that the foregoing paragraph is true and correct. WITNESS a 'cial seal. Signatu Placa Notary Seal Above Signa ore of Notary Public OPTIONAL ~- Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document: 172C~'7d Avxandt-Ke,~t' ~ Sr_w~jdtVlSitM =~raYem¢vr~' !T•1/.p.¢rnU'r~ Signer(s) Above: Capacity(ies) Claimed by Signer's Name: ^ Individual C Corporate Officer Title(s): ^ Partner-^ Limited ^ General _ ^ Attorney in Fact ' Top of thumb here ^ Trustee ^ Guardian or Con ator ^ Other: Representing: ^ Partner- ^Attorney in ^ Trustee ~ ^ Guardian or Conservator ^ Other: Signer Is Representing: Top of thumb m2oW Nalional Notary Association-9350 De Soto AVa.,P.O.BOx 2402•Chafsxrorth. CA 91 31 3-2 4 02•www.NanOnalNOtary.Orq Item k59W PeoNec Call Toll-Free 1800-B]6-fi82] Number of Pages: Officer -Title(s): _ Limited ^ General 4-12 SIGNATURE PAGE TWO OF TWO SECOND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT BELLA LAGO, UNITS 2 & 3 (CVT 03-03) DEVELOPERS/OWNERS: K. Hovnanian at Bella Lago, LLC, a California limited liability company By: K. Hovnanian Companies of California, Inc., a California corporation By: Chad Fuller, Authorized Agent Bella Lago, LLC, a California limited liability company By: Bellagio Capital, Inc., a California oration By: ~ ' Timothy i son, Pr ident SEE ATTACHI4SENT FOR OFc?C? ~, AzOTP R7?fi~'!O*I (Attach Notary Acknowledgments) -7- 4-13 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of San Diego On a8 sec aoio before me, Kenneth C. Shook, Notary Public, personally appeared ~.U i ~ 5a1n who proved to me on the basis of satisfactory evidence to be the person(~I whose name Is are subscribed t the within instrument and acknowledged to me that he she/they executed the same in is er/their authorized capacity(i~, and that b her/their signature~on the instrument the person, or the entity upon behalf of which the person(yf 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 my hand and official seal. Signature .. OFFICIAL SEAL KENNETH C. SHOOK NOTARY PUBLIGCALIFORNIA~ ~ SAN DIEGO COUNTY MY COMM. EXP. PE8.14, 2013 OPTIONAL This infomwtion not require-~dyb~y~L,aw., b~nu/t may preuentfraudulent remooal and Title/Type of Document `~~`f!` ~C~ Document Date ~~Za' (~ Number of Pages CAPACITY(IES) CLAIMED BY SIGNER(S) Signer s Name ^ Individual ^ Corporate Officer Title(s) ^ Partner ^ Limited ^ General ^ Attorney In Fact ^ Trustee ^ Guazdian or Conservator Right Thumbprint Of Signer ^ Other Signer Is Representing to another document Signei s Name ^ Individual ^ Corporate OfficerTitle(s) ^ Partner ^ Limited ^ General ^ Attorney In Fact ^ Trustee ^ Guardian or Conservator ^ Other Signer [s Representing Right Thumbprint Of Signer 4-14 ~XHI~~T' -""• (To Be Used Prior to Approval of Subdivision Improvement Agreement) rile Nv.: BE0021 BE002G Bond No.: 5037662 Premium: $11 549 00 WHEREAS, the City CotmciI of the CityofChula Vista, County of San Diego, State of CaL•'fomia, and K. Hovnanian @ Bella Lago, LLC (hereinafter"Principal")desire to enter rata a SubdivisionImpro~•ementAgreement(hereinttterrefer*edtaas"Agreement")whEreby Principal agrees to install and eamplete certain designated public improvements for the project known as Unit 2 Improvements Tr. 03-03 Bella Lago (Chula Vista) ;and T,t/"HEREAS, Principal desires to commence canstn:ctivn of said public irnprovemznts prior tv approval of said Agreement by the City Council of the City of Chula Vista; and, WHEREAS, the City of Chula Vista, County of San Diego, State of Califvmia, has issued to Principal Construction Permit No. 03-03 (hereinafter refcn'ed to as "Permit") for the public improvement work as set fvrth in more detail. on City of Chula Vista Dratxiing Nas. J,~0.2~ -n ~ througia ~f~f,25 - ~~ , regarding constnretion of said public improvements, which Permiris hereby raferred to and made a part hereof; and; W1~IEREAS, said Principat is required under the terms of. said Permit to fiunish a bond for faithful performance of said Permit and vrill be required Co maintain such bond pursuant to the Agreement. IvOW Ti7'BREFORE, tvz, the Pri.neipal and Bond Safeguard Insurance Company _ a corporation of the State cf Illinois , (hereinafter "Seuet}~'), are held and firmly bound unto the City of Chula ZTista, a municipal corporation (hereinafter "city') in the County of San Diego, State of California, and to and forthe benefit of. any and all persons who maysuffer damages bybreach of the conditions hereof, inthepenal stem of Seven Hundred Sixty Nine Thousand Nine Hundred Dollars and 00/100 dollars, (~ 769,900.00 ), lawful money of theUnited 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, fit-rnly by these presents. The condition of this obligation is such that if the above-bound Principal, his or its heirs, e:zecurors, administrators, successor or assigns, shall in all things stand to and abide by; and well and truly h.eep and perfeisu the terms, covenants, conditions, and provisions of said Perrr~it and the subsequent Agreement, which is incorporated herein and any alteratio?z thereofmade as therein prodded, on his or their part, to be kept and performed at the time and in the manner therein specified, as to installation and completion of said public Improvements both prior to azd subsequent to City approval ofthe Agreement and in all respects according to their true intent and meaning, and shall indemnity and save harmless City, its officers, agents and employees, as therein stipulated, then this obli gation 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 iv tYte face amount specified theral'or, there shall he included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, ail to he taxed as costs and included in any judgment rendered. The Suretyhereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Perrztit or the Agreement or to the t orlc to be performed thereunder yr the epecilications accompanying the same shall in anywise affect its obligations vn this bond, and it does herebywaive notice of any such change, extension of time, alteration or addition to the terms vfthe Permit or the Agreement erto the 4-15 work or to the specifications. In addition to the acts bonded for pursuant to the Permit incorporated above and all terms, conditions and provisions of the Agreement, the following acts and performances are additionally subject to the terms of this bond: IN WITNESS WHEREOF, this instrument has been duly executed bythe Principal and Surety above named, on June 21 2010 , K. Hovnanian @ Bella Lago, LLC Name of P ~ncipal (Applicant) r`~) p r $y ~\ ~3 7rn~ 1~. 1w~~on".,..C~-•~o~;c3 c~-Ge~~.~cn.~. one. ~~~. z4~~~~~- 5037662 Sond/Policy No. Bond Safeguard Insurance Company Name o/f~Surety Company By ~~-Y(.Cc _ Christine Marotta Attorney-in-Fact 900 S Frontage Road Suite 250 Address of Surety Company Woodrldga , IL 60517 IL 500117 City State Zip Code Surety Phone No. 630-495-9380 MUST BE NOTARIZED APPROVED AS TO 7:\Engineer\L.SI4DDEV\Focros-Official\Bonds\Bond Faith Perf prior to SIA.DOC 4-16 ACKNOWLEDGMENT OF SURETY STATE OF ILLINOIS COUNTY OF COOK On JUN 2 1 2010 ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally known, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeeuard Insurance Company a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Boazd of Directors, and further acknowledged the said instmmenYand the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL NICOLE KUBENA NOTAF.N PUBLIC. STATE OF ILLINOIS My Commission Expires 07/15/2012 Notary Public (SEAL) COOK Countv ILLINOIS 4-17 POWER OF ATTORNEY AO 68339 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEGUARD INSURANCE COMPANY, an Illinois Corporation with its principal office in Lombard, Illinois, does hereby constitute and appoint: Christine Marotta, Debra Kohlman ***************** 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 of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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 $1,000,000.00, One Million 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. of eo INSU BOND SAFEGUARD INSURANCE COMPANY 4~ Y_ "~ WNgS ; I INSUNMILE >>9 //~/J C~ CLMF.WY 2 ~/~l I.~~~ r L BY David E. Campbell President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. "OFFICIAL SEAL" MAIR2EEN K. AYE Notary Public, State of Illinois My Commission Expires 09/21/13 CERTIFICATE w aureen K. Aye otary Public I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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. JUN 2 1 2010 Signed and Sealed at Lombard, Illinois this Day of , 20 _qp INSV/~~ yo R, q 5N ' A /~~~~~~ 99 Donald D. Buchanan O ICCMAWY Secretary "WARNING: Any person who knowingly and with intent to defraud~ny jn~urance company or other person, files an application for insurance or statement of claim containing any materially false information, Zro als 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." ast STATE OF CALIFORNIA COUNTY OF SAN BERNARDNO On ~~1°`e" ~ C7 , 20/U ,before me, Cathie Zhou, a Notary Public, personally appeared Walter G. Miller, Jr., who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person 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 my hand and offici [Civil Code §1189] ~~ 4-19 CATHIE INOU Commission a 1819083 NoUry Pubtic - CelMornN Sen 8ernerdino County Comm. Ex fires Oct 21, 2012 File No.: BE0021 BE002G BondNo.; 5037662 Premlllm:premur, Included'in Performance Bond BOND FOi2 MATEY2BAL AND LABOR (To Be Used Prior To Approval o£ Subdivision Improvement Agreement} WHEREAS, the Ci+.y Council of the City of Chula Vista, County of San Diego, State of Califomia, and K. Hovnanian @ Bella Lago, LLC (hereinafter "Principal") desire to enter into a Subdivision Irnprovemert Agreement (hereinafter referred to as "Agreement") whereby Principal agrees to install and complete certain designated public improvements for the project known as Unit 2 Improvements Tr. 03-03 Bella Lago (Chula Vista) ~ and WHEREAS, Principal desires to commence construction of said public improvements prior to appro~~al of said Agreement by the City Council of the City of Chula Vista; and, WHEREAS, the City of Chuia Vista, County of San Diego, State of Califomia, has issued to Principal Construction Permit No. 03-03 (hereinafter .referred to as "Permit") for the public improvement work as set forth in more detail on City of Chula Vista Drawing Nos. j through 2S `I ,regarding construction of said public improvements, which Permit is hereby referred to and made apart hereof; and, WHEREAS, under the terms of said Pemrit, PrincipaLis required, before entering upon the performance Df the work, to file a good and sufficient payment bond with the City of Chula Vista to secure the claims tc which reference is made in Title 15 (commencing with Section 3082), Par[ 4, Division 3, of the Civil' Code of the State of Califomia and will be required to maintain such bond pursuant to the Agreeement, NOW THEREFORE, said Principal and Bond Safeguard Insurance Company a corporation of the State of Illinois ,(hereinafter "Surety'), are held and firmly bound unto the City of Chula Vista, a municipal corporation (hereinafter"City") in the County of San Diego, State of Califomia, and all contractors, subcontractors, laborers, materiahnen and other persons employed in the performance of the aforesaid Permit and referred to in the aforesaid Code of Civil Procedure in the sum of Seven Hundred Sixty Nine Thousand Nine Hundred Dollars and OOI100 dollars, ($ 769 900.00 ), laWfnl mORCy Of the United States,' for materials fitmished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to s uch w ork or labor, that said Surety will pay the s ame in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this band, will pay, in addition to the face amormt thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment.therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies and corporations entitled to file claims under Title 15 (commencing with Section 3082), Part 4, Division 3, of the Civil Code, so as to give a right of action to them or their assrgns in any suit brought upon this bond. The condition of this obligation is such that if the above-Sound Principalndrw 11 and tr 1 lceeuand administrators, successors orassigns,shallina]lthingsstandtoandaUideby, Y P perform the ternis, covenants, conditions, and provisions of said Permit and the subsequent Agreement, which is incorporated herein 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, as to installation and completion of said public improvements both prior to and subsequent to City approval of the Agreement and in all respects according to 4-20 their true intent and meaning, and shall indemnify and save harmless City, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall be and remain in full force and effect. The Surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Permit or the Ao cement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its 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 Permit or the Agreement or to the work or to the specifications. 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, and 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. In addition to the acts bonded for pursuant to the Permit incorporated above and all terms, conditions and provisions of the Agreement, the following acts and performances are additionally subject to the terms of this bond: IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on June 21 2010 K. Hovnanian @ Bella Lago, Ll1C Bond Safeguard Insurance Comoanv Name of rincipal (Applicant) / Name~f S/urety Company '7 --1t~~°~ Christine Marotta Attorney-in-Fact By 1` \ vb r`~2~~- ~ 900 S Frontage Road Suite 250 ,\ / Address of Surety Company I~. UCJne-n.e.n +b~(~C!•~JCMeS (5~ Ce~~..~1rtn.c.~JnG, 5037662 t~ ~"~OC ~` ~ r d ny W®®~~~~~ ~ IL 60517 IL 60517 Bond/Policy No. City .State Zip Code Surety Phone No. 630-495-9380 ABOVE-SIGNATOP.IES MUST BE NOTARIZED AP VED AS TO FO ~-. (~ pity Atto e c~ ~/J:\Engineer\LANDDEN.Forms-Official\Bonds\Bond Material & Labor Prior to SIA.doe 4-21 ACXNOWLEDGMENT OF S(IRLTY STATE OF ILLINOIS COUNTY OF COOK On JUN 2 i 20119 ,before me, a Notary Public in and for the above county, personally appeared Christine Ntarotta to me personally known, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeguard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate sea] of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. N WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL ~~ ~~ ~ ~ ham' NICOLE KUBENA Notary Public NOTARY PUBLIC, STATE OF ILLINOIS My Commission Expires 07175/2012 (SEAL) COOK County, ILLINOIS 4-22 POWER OF ATTORNEY A~ 68340 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEGUARD INSURANCE COMPANY, an Illinois Coloration with its principal office in Lombard, Illinois, does hereby constitute and appoint: Christine Marotta, Debra Kohlman **** ************ ******************************************************************************************* Its true and lawful Attorney(s)-In-Fact to make, execute, seal and deliver for, and on its behalf as surety, any and all bands, 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 BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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 $1,000,000.00, One Million 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, and the seal of the Company may be affixed by facsimile to any certificate of any such power and any suchpower 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. ~rra'"sua~ BOND SAFEGUARD INSURANCE COMPANY ~"e s ~ ~ ~s /,y///J ~y~//// CpAR.WV ~ (/ INSURMlCE V BY ~`~ / ~1~~~~ `% c David E. Campbell President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. r ^ "OFFICIAL SEAL" (~' MAUREEN K. AYE aureen K. Aye Notary Public, State of Illinois otary Public My Commission Expires 09/21/13 CERTIFICATE I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance Company, DO HEREBY CERTIFY that the original Power of Attorney of which the foregoing is a true and correct copy, is in full farce and effect and has not been revoked and the resolutions as set forth are now in force. ,DUN 2 1 2010 Signed and Sealed at Lombard, Illinois this Day of , 20 AN vJOY` _It`~ ttLNp$ ~. ~ INSUR,wcE ~ Donald D. Buchanan c~ coNeu+v Secretary "WARNING: Any person who knowingly and with intent to defraud ppny,,"yL~urance company or other person, files an application for insurance or statement of claim containing any materially false information, dF cotie4als for the purpose of misleading, information concerning any fact material [hereto, commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties." 93t STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO On dune ~ , 20~~ ,before me, Cathie Zhou, a Notary Public, personally appeazed Walter G. Miller, Jr., who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrurent the person, or the entity upon behalf of which the person 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 my hand and offici~' °'°' [Civil Code §ll 89] CATHIE ZHOU Commission 11819063 Notary Public • California ~ San Barn~rdino County ~~ M Comm. Ex iras Oct 27, 2012 J 4-24 BOND SAFEGUARD INSURANCE COMPANY GENERAL PURPOSE RIDER To be attached to and form part of Bond Number 5037662 effective June 21, 2010 issued by the Bond Safeguard Insurance Companv in the amount of Seven Hundred Sixty Nine Thousand Nine Hundred and 001100 Dollars ($769 900.001 on behalf K. Hovnanian (o) Bella Lago. LLC as Principal, and in favor of the City of Chula Vista as Obligee: NOW Therefore, it is agreed that the File No. has been changed: FROM: BE002I TO: BEOOSI It is further understood and agreed that all other terms and conditions of this bond shall remain unchanged and in full force and effect. This rider is to be effective the 21~r day of J~ 2010. Signed, sealed and dated this 23~d day of September, 2010. Bond Safeguard Insurance Companv Surety Christine Marotta, Attorney-in-Fact 4-25 ACKNOWLEDGMENT OF SURETY STATE OF ILLINOIS COUNTY OF COOK On ~~~' J 2~1~ ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally known, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeg;ttard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL NICOLE KUBENA NOTARY PUBLIC. STATE OF ILLINOIS My Commissicn Expires 07/15/2012 ~w~ Notary Public (SEAL) COOK Countv.ILLINOIS 4-26 POWER OF ATTORNEY Ao 38801 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEG Chr~t ReDMaSOtta, DebAa ICOhllmans*C~o~r~~*~i~r~~N~t*~ts~ principal o*i*****o *~*r*,,*I*li*~i*,,*d *e**** b~v***s~tl*u~t~e~~~~a~~o~i*t~ its true and lawful Attorney(s)-In-Fact to make, execute, seal and deliver far, 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 BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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 obfgatory in nature of a bond, $ ?,.ooo*ooo oo*T;o mal*o#aouar****R***** """""*""*~^ *e**"w" * *A#**" 4 "** ' ."" *" " 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001 . BOND SAFEGUARD INSURANCE COMPANY J uo INSUq~, ~ ,////f yy//// ~ Iwnas s BY v '£~ IcoNVw vE ~ David E. Campbell ~ President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. "OFFICIAL SEAL" MAUREEN K. AYE Notary Public, State of Illinois My Commission Expires 09/21/13 CERTIFICATE r aureen K. Aye otary Public I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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 fo~rpce. ^, 2U~U SL1 (~. J Signed and Sealed at Lombard, Illinois this Day of , 20 ~INauq~s '~~t6/ ~~:~;~i~tcr~ AN ~~~ IWNgS ; INSUaLNCE ~ Donald D. Buchanan caNwNr Secretary "WARNING: Any person who knowingly and with intent to defraud~nyryr;urance company or other person, files an application for insurance or statement of claim containing any materially false information, o c eats 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." a5~ Bond Safeguard Insurance Company GENERAL PURPOSE RIDER To be attached to and form part of Bond Number 5037662 effective June 21.2010 issued by Bond Safeguard Insurance Companv in the amount of Seven Hundred Sisty Nine Thousand Nine Hundred Dollars and 00/100 DOLLARS ($769,900.00), on behalf of K. Hovnanian (~ Bella Lago, LLC as Principal, and in favor of the City of Chula Vista, California as Obligee: NOW Therefore, it is agreed that the Principal Name is amended as follows: FROM: K. Hovnanian an Bella Lago. LLC TO: K. Hovnanian at Bella Lago, LLC and Bella Lago, LLC. It is further understood and agreed that all other terms and conditions of this bond shall remain unchanged and in full force and effect. This rider is to be effective the 25`" day of October. 2010 Signed, sealed and dated this 25`" day of October 2010. Bond Safeguard Insurance Companv Surety Christine Marotta, Attorney-iii-Fact 4-28 ACKNOWLEDGMENTOFSURETY STATE OF ILLINOIS COUNTY OF COOK On ®e+~ ~ J 2~1~ ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally known, who, being by me duly sworn, did state [hat he/she is Attorney-in-Fact of Bond Safeguard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instmment and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IlV WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL -~_~~~ ~{~(/~y~d_ NiCOIE KUBENA Notary Public NOTARY PUBLIC. STATE OF ILLINOIS My Commission Expires 07/15/2012 (SEAL) COOK Countv.ILLINOIS 4-29 POWER OF ATTORNEY Ao 38811 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEGUARp INSURANCE C M AN Illinois ~~r~~*~ti~**w~i~i *t~s ry Chnstme Marotta, era o~inlman principal * *+ ~+~ ~~r~l~a*r~1~ I~I~~~S~ ~~e*s* *e~e~b*y*c*°~IS~t~t~t~*a~l~J *a~~q~l~t~ 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 of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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 2,000,000 OO Two milliandollars" •r+•rrrrr+r»r+++++wr.+rrrwr+++++++r++++.+r+r++++++r+rr.rr+++ indemnity or other writings obligatory in nature of a band +"+»+....+......++ ................... ... _ - 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 maybe revoked as specified in the Power of Attorney. Resolved, that the signature of the President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. BOND SAFEGUARD INSURANCE COMPANY ~,p INSUq- ' v~ AN ~~f '~~ 0 MlINgS ; BY osrE ~ David E. Campbell I President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. "OFFICIAL SEAL" MAL'REEN K. AYE Notary Pu61ic, State of Illinois My Commission Expires 09/21/13 CERTIFICATE aureen K. Aye otary Public I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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. OCT 2 5 2010 Signed and Sealed at Lombard, Illinois this Day of , 20 OJ 4~ ~ Ns~ 8 <~`c <il~ ~~e%c~~l AN G IWNp$ ; z$ ~+^~~ ~ Donald D. Buchanan CwwNr Secretary "WARNING: Any person who knowingly and with intent to defraud~pnyjtprurance company or other person, files an application for insurance or statement of claim containing any materially false information, o~F c0+leeals 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." BS2 ~~3i~ ~f3~ ~`r~I'T~'Y~1L P~~'C3I2'~T.~~FC~ (To 3e Used Prior to Approval of Subdivtsion Improvement Agreement) File No.: BE0021,BE002G $ond No.: 5037664 Premium: $5 570 00 WHERE?.S, the City Council of the City of Chula Vista, County of SanDiego, Stata of Cafifamia, and K. Hovnanian @ Bella Lago, LLC (hereinafter°Principal")dasit'e to easier intro a Subdivision Improvement A.greemen*, (hereinafter r eferred t a as "Ao Bement")whereby Principal agrees to instalt and complete certain designated public improvements for the project known as Unit 3 Improvements Tr. 03-03 Bella Lago (Chula Vista) _ ;and bV"i;EREAS, Principal desires to eommeuce construction of said public improvements prior to approval of said Agree?Went by the City Council of the City of Chula Vista; and, WHEREAS, the City of ChulaZTista, County of San Diego, State of California, has issued to Principal Construction Perniit No. 03-03 (hereinafter refet7ed to as "Permit") for the public improvement work as set forth in more detai t on City of Chula Vista Dra~xiing Nos. /~~ - O / through 7/7 n 9 ~ - / ~ , regarding conslnaction of sal ~? public improvements, which Permttis herebyreferred to and made a part hereof; and, V;r1IEAEAS, said Principal is required under the terms of said Permit to ft~mish a bond far faithful performance of said Permit and will be required to maintain such bond pursuant to the Agreement. 1sIO~r/ TEIEREFfJRE, roe, the Principal and Bond Safeguard Insurance Company a corporation of tae State cf Illinois , (hereinafter "Stuety"), are i2eld and firmly bound unto tha City of Chula Vista, a municipal corporation {hereinafter "city') in the County of San Diego, State of California, and to and forthe benefit of any anal all persons whe rnaysuffer damages bybreach of the conditions herecf, inthepenal sum of Three Hundred Seventy One Thousand Three Hundred Dollars and 00/100 dollars, ($ 371,300.00 ~, lawful money of fheUmted States, foz the payTnent at whtch sum well and truly to be made, we bind ourselves, our heirs, successors, executors and adnairustrators, jointly and severally, fia-?n1y by these presents. The condition of this obligation is such that if the above-bound Principal, his ar its heirs, executors, administrators, successor or assigns, shall in all flings stand to and abide by; and well and tntly keep and perform the terms, covenants, conditions, an3 previsions ofsaid Permit and the subsequent Agreztnent, which is incorporated herein and~any alteration thereofmade as therein pror2ded, on his or their part, to be kept and performed at the time and in rase manner therein specified, as to installation and completion of said public improvements bona prior to a?ld subsequent to City approval ofthe Agreement and in alt respects according to their true intent and meaning, and shall indemnify and save harmless City, its officers, agents ar_d employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall be and remain in full force and effect. As part or the obligation secured hereby and in addition tc tl?e face amount specifted therfor, therz shall be included casts and reasanable expenses and fees, including reasonable attorney's fees, inctu-red by City in successfully enforcing such obligation, alI to be taxed as costs and included in anyjudgment rendered.. The Suretyhereby stipulates ar_d agrees that no change, extension of time, alteration or addition to the terms of the Permit or the Agreement or to the rvork to be performed thereunder or tl?e specifications accompanying the same shall in anywise affect its obligations on this bond, and it does herebywaive notice or any such change, extension of time, alteration or addition to the terms of±he Permit or the Agreement orto file 4-31 work or to the specifications. In addition to the acts bonded for pursuant to the Permit incorporated above and all terms, conditions and provisions ofthe Agreement, the fallowing acts and performances are additionally subject to the terms of this bond: IN WITNESS WHEREOF, this instntment has been duly executed by the Principal and Surety above named, on June 21 2010 , K. Hovnanian @ Bella Lago, LLC Name of Prin ipal (Applicant) / By '/I' 1~- I By ~ ~r,~. ~P~~ J (L. 4~oJ nG.n'.~n LOr'~c-n .{ ~j p~ ~.c ~~~oCtt~~n~•`` Jam. ^(„~ 5037664 Bond/Policy No Bond Safeguard Insurance Company Name of Surety Company Christine Marotta Attorney-in-Fact 900 S. Frontage Road, Suite 250 Address of Surety Company Woodridge , IL 60517 IL 50517 City State Zin Code Surety Phone No. 630-495-9380 MTJST BE NOTARIZED APPROVED AS J:\Engineer\LANDDEV\Forms-Official\Bo¢ds\Bond Faith Perf prior to SIA.DOC 4-32 ACKNOWLEDG~YLENT OF SURETY STATE OF ILLINOIS COUNTY OF COOK On JUId ~° ~' 2U~o ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally known, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeeuard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year fast above written. OFFICIAL SEAL NICOLE KU6ENA NOTARY PUBLIC. STATE OF ILLINOIS My Commission Expires 07/15/2012 Notary Public (SEAL) COOK Countv. ILLINOIS 4-33 POWER OF ATTORNEY Ao 68341 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEGUARD INSURANCE COMPANY, an Illinois Co*poration with its principal office in Lombard, Illinois, does hereby constitute and appoint: Christine Marotta, Debra Kohlman **** ************ **********+************** ***********************s***************************************** 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 of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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 $1,000,000.00, One Million 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 shalt 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. ~~'"au~ BOND SAFEGUARD INSURANCE COMPANY AN ~"~ s p IW"OIS ; INSURANCE ; /~~~~,~~ COMPANY 2 ~ BY David E. Campbell President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. r "OFFICIAL SEAL" ~ ]yIAIJREEN K. AYE aureen K. Aye Notary Public, State of Illinois otary Public tYIy Commission Expires 09/21/13 CERTIFICATE I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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. ~IU~9 2 1 2010 Signed and Sealed at Lombard, Illinois thi Day of , 20 -qp iNSU ~~~6M " //N !1/I 6l G~~~i(iLl 4 AN IWN013 ; °~ 'NwRANOE ~ Donald D. Buchanan coMPAnr Secretary "WARNING: Any person who knowingly and with intent to defraud pnY,ytpurance company or other person, files an application for insurance or statement of claim containing any materially false information, 6f ca~CEals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and suhjects such person to criminal and civil penalties." as1 STATE OF CALIFORNIA COUNTY OF SAN BERI~IARDINO On ~tivu 3U , 20 /v, before me, Cathie Zhou, a Notary Public, personally appeared Walter G. Miller, Jr., who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person 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 my hand and offi~ [Civil Code §1189] 4-35 7 CATHIE ZNOU 21 Commission ak 1819063 -i Notary PuClio -California ~ San 8ernardlno County My Comm. Ea 'res Oct 21, 2012 J File No.: BEOO21.BEOO2G Bond No,; 5037664 Premlum: premium IncWded In Perormance Bend ~®i®rD FOB l~AT'E~ZIAL Altii~ I,A~OI~. (To Be Used Prior To Approval of 5nbdivision Improverrsent Agreement) WHEREAS, the City Council of the City of Chula Vista, County of San Diego, State of California, and K. Hovnanian @ Bella Lago, LLC (hereinafter "Principal") desire to enier into a Subdivision Fmprovemert AgrBement (hereinafter referred to as "Agreement"} whereby Principal agrees to install and complete certain designated public improvements for the project Irnown as Unit 3 Improvements Tr. 03-03 Bella Lago (Chula Vista) ;and WHER>;AS, Principal desires to commence construction of said public improvements prior to appro~~al of said Ao Bement by the City Council of the City oFChula Vista; and, WHEREAS, the City of Chula Vista, County of San Diego, State of California, has issued to Principal Construction Permit No. 03-03 (hereinafter referred to as "Permit") for the public improvement work as set forth in more detail on City of Chula Vista Drawing Nos. ~17j~~-rz! throu;h ~(JOZ ~-/ ~ regarding construction of said public improvements, which Permit is hereby rferred to and made apart hereof; and, WHEREAS, under the terms of said Permit, Principal is required, before entering upon the performance of the wor'_~, to file a good and sufficient payment band with the City of Chula Vista to secure the claims to which reference is made in Title 15 (commencing with Section 3082), Par[ 4, Division 3, of the Civil Code of the State of California and will be required to maintain such bond pursuant to the Agreeement, NOW THEREFORE, said Principal and Bond Safeguard Insurance Company a corporation of the State of Illinois , (hereinafter "Surety'), are held and firmly bound unto the Cit~j of Chula Vista, a municipal corporation (hereinafter "City") in the County of San Diego, State o f California, and all contractors, subcontractors, laborers, materialmen and other persons eurployed in the performance of the aforesaid Permit and referred to in the aforesaid Code of Civil Procedure in the sum of Three Hundred Seventy One Thousand Three Hundred Dollars and 00!100 dollar'>, (S 371 300.00 ), lawful money of the United States, for materials furnished or labor thereon of any kind, or for amounis due under the Unemployment Insurance Act with respect to s uoh w ork or labor, that said Surety will pay the s erne in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought anon this bond, will pay, in addifion to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that fllis bond shall inure to the benefit of any and all persons, companies and corporations entitled to file claims under Title 15 (commencing with Section 3082), Part 4, Division 3, of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. The condition of this obligation is such that if the above-bound Principal, his or its heirs, executors; adminis'sators, s uccessors or a ssib s, s hall in a 11 t lungs s tend t o a nd a bide b y, a nd w ell a nd t rely lc eep a nd perform the terms, covenants, conditions, and provisions of said Permit and the subsequent Agreement, which is incorporated herein and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the Gme and in the manner therein specked, as to installation and completion of said public Improvements both prior to and subsequent to City zpproval of the Agreement and in all respects according to 4-36 their true intent and meaning, and shall indemnify and save bannless City, its officers, agents and employees, as therein stipulated, then this obligation shall becomenull and void; otherwise, it shall be and remain in full force and effect. The Surety hereby stipulates and agrees thzt no change, extension of time, alteration or addition to the terms of the. Permit or the Agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its 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 Permit or the Agreement or to the work or to the specifications. 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, and 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. In addition to the acts bonded for pursuant to the Permit incorporated above and all terms, conditions and provisions of the Agreement, the following acts and performances are additionally subject to the terms of this bond: IlV WITiVESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on June 21 2010 K. Hovnanian @ Bella Lag , LLC Name of rind ~ al (Applica t) By JJ Iluu I~. 4-~J,~ an . c..n ~~- -:~ ~qA ` ( ~ _ 5037664 Bond/Policy No. Bond Safeguard Insurance Comgany Name of Surety Company By ~ ~- Christine Marotta Attorney-in-Fact 900 S Frontage Road Suite 250 Address of Surety Company W®®r~Pl~~~ , IL 60517 IL 60517 City State Zip Code Surety Phone No. ABOVE-SIGNATORIES MUST BE NOTARIZED APPROVE AS TO FnO~ ~-C/ . ~~ Att v 7:\Engineer\LANDDEV\Eorms-Official\Bonds\Bond Material & Labor Prior to SIA.doc 630-495-9380 4-37 ACKNOWLEDGMENT OF SURETY STATE OF ILLINOIS COUNTY OF COOK JU~1 2 2 2010 On ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally known, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeguard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instrument is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instrument and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL NICOLE KUBENA NOTARY PUBLIC. STATE OF ILLINOIS My Commission Expires 07115/2012 (SEAL) Notary Public COOK County ILLINOIS 4-38 POWER OF ATTORNEY Ao 68342 Bond Safeguard jNSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEGUARD INSURANCE COMPANY, an Illino*s~* o~or~*io *wi***t~s* principal office in Lombard, Illinois, does hereby constitute and appoint: Christine Marotta, Debra Kohlman +~**+**r**s*****r******~*****x**~***********+«x*********s**+********~*«~**rx*+********sxx** 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 of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND ceFFrl Inran INSURANCE COMPANY on the 7th day of November. 2001 as follows: Resolved, that the President 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 $1,000,000.00, One Million 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. ~~'"~at,~ BOND SAFEGUARD INSURANCE COMPANY e~° S AN ~ ILLINOIS ; I INSURANCE j /J O COMPANY 2 ~~~~~ A e BY David E. Campbell President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. V^ "OFFICIAL SEAL" MAL'REEN K. AYE aureen K. Aye Notary Public, State of Illinois otary Public My Commission Expires 09/21/13 CERTIFICATE I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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. ,~~~ 2 ~. 2010 Signed and Sealed at Lombard, Illinois this Day of , 20 J 4~e F ~ ~,o INSU~ ~~~8',~C~Gt /t/r ~A! A;eiOLLr.~fl~ ~ NLNgS ; rc+suRwNce ~ Donald D. Buchanan cLMPANv Secretary "WARNING: Any person who knowingly and with intent to defraud~ny }p~urance company or other person, files an application for insurance or statement of claim containing any materially false information, cod als 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." asi STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO On ~iwwz '-~~ , 20 ~d, before me, Cathie Zhou, a Notary Public, personally appeared Walter G. Miller, Jr., who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instnunent the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERNRY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ota blic [Civil Code § 1189] CATHIE ZHOU Commission M 1619083 = Notary Public - Californle San Bernartlino County M Comm. Expires Oct 2t, 2012 4-40 Bond Safeguard Insurance Company GENERAL PURPOSE RIDER To be attached to and form part of Bond Number 5037664 effective June 21, 2010 issued by Bond Safeguard Insurance Comnanv in the amount of Three Hundred Seventy One Thousand Three Hundred DoOars and 00/100 DOLLARS ($371,300.00), on behalf of K. Hovnanian (a7, Bella Lago, LLC as Principal, and in favor of the City of Chula Vista, California as Obligee: NOW Therefore, it is agreed that the Principal Name is amended as follows: FROM: K. Hovnanian (a7 Bella Lago, LLC TO: K. Hovnanian at Bella Lago, LLC and Bella Lago, LLC. It is further understood and agreed that all other terms and conditions of this bond shall remain unchanged and in full force and effect. This rider is to be effective the 25ih day of October 2010 Signed, sealed and dated this 25th day of October, 2010. Bond Safeguard Insurance Comnanv Surety ~jf {,(1~ Christine Marotta, Attorney-in-Fact 4-41 ACKNOWLEDGMENT OF SURETY STATE OF ILLINOIS COUNTY OF COOK On OCtl ~~J ZU9O ,before me, a Notary Public in and for the above county, personally appeared Christine Marotta to me personally lmown, who, being by me duly sworn, did state that he/she is Attorney-in-Fact of Bond Safeeuard Insurance Company, a corporation organized and existing under the laws of the State of Illinois that the seal affixed to the foregoing instmment is the corporate seal of the said corporation, that the instrument was signed, sealed, and executed in behalf of said corporation by authority of its Board of Directors, and further acknowledged the said instmment and the execution thereof to be the voluntary act and deed of said corporation by her voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed by name and affixed my official seal the day and year first above written. OFFICIAL SEAL NICOLE KUBENA NOTAPY PUBLIC. STATE OF ILLINOIS My Commission Expires 0711 5/2 01 2 N^/VWVWVWY.:f Notary Public (SEAL) COOK County. ILLINOIS 4-42 POWER OF ATTORNEY AO 38810 Bond Safeguard INSURANCE COMPANY KNOW ALL MEN BY THESE PRESENTS, that BOND SAFEG CIII1DSt111E M OtL3,CllebA3 KO~I`~ Inllilnalolls*~~r~~*a*i~**w~t~*t~s principal * * * * * * * * * b *rd~ II*I * ~* ~~ *e* * *e~P~b~y* *o~s~t~tt~t~*a~t~l *a~~~i~ 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 of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows: Resolved, that the President 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, $ ? ooo,ooo.oo Twomalionaouars *****•*+'•••********~••+••**•*••*****»****••*•*****•*•**»•*+•••• 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 President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Vice President, 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 or undertaking to which it is attached, continue to be valid and binding on the Company. IN WITNESS THEREOF, BOND SAFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its President, and its Corporate seal to be affixed this 7th day of November, 2001. BOND SAFEGUARD INSURANCE COMPANY -ep INSU ~// ~ AN s c wrvas ; BY Z INSURANCE v $ °O"'"`"r ~ David E. Campbell ~ President ACKNOWLEDGEMENT On this 7th day of November, 2001, before me, personally came David E. Campbell to me known, who being duly sworn, did depose and say that he is the President of BOND SAFEGUARD INSURANCE COMPANY, 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. "OFFICIAL SEAL" MAUREEN K. AYE Notary Pu61ic, State of Illinois NIy Commission Expires 09/21/13 CERTIFICATE ~~ ~. aureen K. Aye tary Public I, the undersigned, Secretary of BOND SAFEGUARD INSURANCE COMPANY, An Illinois Insurance 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. OCT 2 5 010 Signed and Sealed at Lombard, Illinois this ay of , 20 r„no wsur~ pJ 4~' ~ AN ~ IWNpS i f I INSURANCE T c~ ccuRwv ~ Donald D. Buchanan Secretary "WARNING: Any person who knowingly and with intent to defraud aIryTITSMance company or other person, files an 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 frauduln..r ~.,e.,.e..~e era ,.,e.ls, I~ •, ..•:......,...+ ..••.,:--•- -..-~ ____-- •- _ • •• ~-~ -