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HomeMy WebLinkAboutT-6130 - Cashier Memo - 9/28/2017 ccs�■l,, �_ MEMORANDUM" - rnr-Zw:VF%■,: PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: September 28, 2017 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6130 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$885,000.00 2. Payment Bond in the amount of$466,000.00 3. 5% Performance Security a. Certificate of Deposit in the amount of$47,000.00 (Central Valley Community Bank) 4. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$623,391.40 (Central Valley Community Bank No. 1264) 5. Document preparation fees deposit into 180203 10101 34559 a. Check in the amount of$6,666.00 (Central Valley Community Bank No. 1265) 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank yo ; Jonatharriartel C:ny of �■ -- MEMORANDUM rn� :�■:` PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: September 21, 2017 TO: HEIDI BRIGGS Personnel Services Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 6130 Attached are original bonds required for the subdivision agreement for the Final Map. Please review the following bonds for conformity to City acceptance policies: 1 Performance Bond in the amount of: $885,000.00 2. Payment Bond in the amount of: $466,000.00 If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel I op f� �M Bond No.: 7059205 Premium: $4,425 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and BN 5499 LP, a California Limited Partnership ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6130 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Developers Surety and Indemnity Company , as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of Eight Hundred Eighty Five Thousand and 00/100 dollars ($ 885,000 ) 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. The condition of this obligation is such that if the above bounded 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 in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their 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. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of 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 agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on September 19 20 17 Princi I; ,71C �L a California Limited Partnership By. ( rincipal) Surety: Developers Surety, and Indemnity, Company �) By: (Surety) le Wilson, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT Fnotary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF California )SS COUNTY OF r On W&4--z 17 before me, �& -7-e t,7 , Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS nay hand and official sQal. MARIE D. ZAr Signature NOTARY PUBLIC SPACAL FORNIA W COMMISSION#2130973 FRESNO COUNTY My Comm.Exp Nov 18,2019 This area for official notarial seal. OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the documents. INDIVIDUAL CORPORATE OFFICER(S) TITLE(S) [] PARTNER(S) ❑ LIMITED ❑ GENERAL ❑ ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR — 1 OTHER SIGNER IS REPRESENTING: Name of Person or Entity Name of Person or Entity OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT Though the data requested here is not required by law, it could prevent fraudulent reattachment of this form. THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TITLE OR TYPE OF DOCUMENT: NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE Reproduced by First American Title Company 1112007 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truth/illness, accuracy, or validity of that document. State of CALIFORNIA County of FRESNO On September 19, 2017 before me, Christine Bagetakos,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CHRISTINE BAGETAKOS WITNESS my hand and official seal. Notary Public-California Fresno County n Commission#2200014 My Comm.Expires Jun 3,2021 /7 D _ l (^ Signature of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19125,IRVINE,CA 92623 (949)2633300 KNOWALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY arid INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint `*`Kyle Wilson,Donna M Smith,Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally' as their true and lawful AltornwAsyin-Fed,to make,execute,deliver and acknowledge,for and an behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attomey(sWed fug power and authority to do and to perform every ad necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations fug power of substitution and revocation,and all of the ads of said Attomey(s)-in-Fact,pursuant to these presents,are hereby reified and confirmed. This Power of Attorney is granted and Is signed by facsimile under and by authority of the following resolutions adapted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st 2006. RESOLVED,that a combination of any two of the Chairmen of the Board,the President Executive Vice-President,Senior line-President or any Vice Prudent of the corporations be,and that each of them hereby is,authorized to execute this Power olAltomey,quegfying the altomey(s)named of the Paver of Attorney to execute,an behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the oorporatiorrs be,and each of them hereby Is,authorized to aftest the execution of any such Paw of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power ofAttomey or to any certificate relating thereto by fecsbnfle,and any such Power of Attorney or cerlifcate bearing such facetrMe signatures shag be valid and btndmg upon the corporations when so affaed and in the future with respect to any bond,undertaking or contract of suretyship to which it Is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective officers and attested by their respective Secretary orAsslsthnt Secretary tlds 6th day of February,2017. By: ' G! ' `a �i AND FANr 4 Daniel Young,Senior Vice-President :,� _ .�G�qkpoR0 1936 r ocT.5 BY Mark Lansdon,Vice-Presldenrc�4FpP��P 'rhr+n�nN' A notary public or other officer completing this certificate vailles only the identity of the IndlvlduaI who signed the document to which this Certificate Is attaG2ed,and not the truthfulness,a=re ,or validl ty of that document State of California County of Orange On Februery 6.2017 before me, Luella Raymond.Not Public cab ""k0X1&=4 mics of o&. personally appeared Dan 10 Young and Mark London NX*Q)M s+-(n) who proved to me on the basis of satisfactory evidence to be the person(s)whose names)Ware subscribed to the within insWment and acknowledged to me that haWtafthey executed the same In liMmItheir authorized capealy(ies),and that by hiemerlthea signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAVIIA d which the person(s)acted,executed the instrument CoffoWSW tt 0 2091945 Nowy Pulft•calfti tli I certify under PENALTY OF PERJURY under the laws of the State of Carrfomta that the foregoing paragraph is OrttnOe Comhue and correct. e M Comm.Pres Oct 13'2018 WITNESS my hand and official seal Place Notary Seal Above Signature Lucill ond,Notary Public CERTIFICATE The undersigned,as Secretary orAssistard Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby oettify that the foregoing Power olAttomey remains in fug force and has not been revoked arid,furthermore,that the provisions of the resolutions of the respective Boards of Dlrectors of said corporations set forth In the Power of Attorney are In force as of the dale of thft Certificate. 2 017 a''14 PNDrn,0%, PANY This Certificate is executed th the City of IMne,California,this 19th fey of September �� y OV' pF {'4 o 5�: lip, L' S Oaf � BY. �- _: = 1936 '__ D g8. a Cassle J. SfOrd,Assistant Se tary L+* ATS-1002(02/17) r,IHH Bond No.: 7059205 Premium: Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and BN 5499 LP, a California Limited Partnership ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6130 is hereby referred to and made a part hereof; and Whereas, under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno ("City") to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. Now, therefore, the principal and Developers Surety and Indemnity Company . as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, material men, and other persons employed in the performance of the agreement and referred to in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code in the sum of Four Hundred Sixty Six Thousand and 00/100 dollars ($— 466, 000 _), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing this 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) of Part 4 of 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. Should the condition of this bond be fully performed, 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 agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on September 19 . 20 17 Principal BN 499 LP, a California Limited Partnership By: G (Principal) Surety:Developers Surety and Indemnitv Company By: (Surety) Kyle Wilson, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF California )SS COUNTY OF 75 rjo ) OnCfr_����� odd r7hefare me, /'l /J Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 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. 0)" MARIE D ESPARZA Signature NOTARY PUBLIC CALIFORNIA COMMISSION#2130973 0 FRESNO COUNTY My Comm.Exp Nov 18.2019 This area for official notarial seal- OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the documents. [❑ INDIVIDUAL U CORPORATE OFFICERS) TITLES) ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL ❑ ATTORNEY-IN-FACT U TRUSTEE(S) F:] GUARDIAN/CONSERVATOR OTHER SIGNER IS REPRESENTING: Name of Person or Entity Name of Person or Entity OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT Though the data requested here is not required by law, it could prevent fraudulent reattachment of this form. THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TITLE OR TYPE OF DOCUMENT: NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE Reproduced by First American Title Company 11/2007 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of CALIFORNIA County of FRESNO On September 19,2017 before me,Christine Bagetakos,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CHRISNotary PublicNE ETAKOS WITNESS m hand and official seal. NotaryPublic-California y Fresno County Commission k 2200014 My Comm.Expires Jun 3,2021 Signature/of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOWALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint *"Kyle Wilson,Donna M Smith,Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally"' as their true and lawful Altomey(syin-Fed,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertaiiings and contracts of suretyship giving and granting unto said Attomey(s)bhfact full pow and authority to do and to perform every ad necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Att n*s)in-Fad,pursuant to these presents,we hereby ratified and oonfamed This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2006. RESOLVED,that a combination of any two of the Chairmen of the Board,the President;Executive Vioe-Presidenk Senior Vice-President or any Yoe President of the corporations be,and that each of them hereby is,authorized to execute this Power of AComey,qualtlying the attomey(s)named in the Paver of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the corporations be,and each of them hereby Is,authorized to attest the execution of any such Power of Attorney, RESOLVED,FURTHER that the signatures of such otTioars may be affixed to any such Power of Attorney or to any certificate relating thereto by fatsimb,and any such Power of Attomey orcer60cete bearing such facsimlie signatures shag be valid and binding upon the owporatim when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severely caused these presents to be signed by their respective officers and aCested by their respecNe Secretary orAsdslant Secretary this 6th day of February,2017. 0.iq AND �� BY ' �� S'!......,, 4V,PANYa� Daniel Young,Senior Vice-President s t O¢POgy� s' '•• G "'F3'r �t 1936 = x a OCT.6 Y r t987 s Mark Landon.Vice-Presldenl 0�••••*�5+��` �[rFpA�• A notary public or other officer completing ttds certificate verifies only the Identity of the Individual who signed the document to vrtdch this certificate Is attached,and not the truthfulness,accuracy,or valid Ity o€that docurrerit. State of California County of Orange On February 6.2017 before me, Lucile Ramhond.Notary Public om HmmkowI mardTRiorfsower personally appeared -- Daniel Youmr and Mark Lamdah N-A(f)a13V-(N who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)islare subscribed to the whim instrument and acknowledged to me that helahefthey executed the same In hialli"eir authorized is— copea7ypes),and that by hiafiefteu signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAVAMOND which the persork(s)acted,executed the instrument Conv0don 0=1946 Notary PUMIC•cowls I certify under PENALTY OF PERJURY under the laws of the Slate of California that the foregoing paragraph is Orange Oomy true and correct. Mg Comm. res Oct 13,2018 WITNESS my hand and official seal. Place Notary Seal Above Signature Luci ond,Notary fume 17 CERTIFICATE The undersigned as Secretary orAssisfant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby cei*that the foregoing Power ofAttomay remains in ful force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of sold corporations set forth In the Power of Attorney are in force as of the dale of this Certificate. This Certificate Is executedin the City ofWm,California,this 19th dayof September ,2017. ra'tyAND .y QM?ANYo By, I i OCT.5 1936 Assislanl tory s�11r f �y c 1987 `4 = ATS-1002(02117) y��N,H*».N••. 9/28/2017 Company Profile CALIFORNIA i UhPAH FMENT. I k COMPANY PROFILE Company Profile Company Search Company Information Company Information DEVELOPERS SURETY AND INDEMNITY COMPANY Old Company 17771 COWAN STE 100 Names IRVINE, CA 92614 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' KARISSA LOWRY Compensation 2710 GATEWAY OAKS DRIVE Complaint and SUITE 150N Request for SACRAMENTO CA 95833 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 12718 Quarterly California Company ID #: 4606-0 Statements Company Complaint Date Authorized in California: 08/30/1999 Company Performance & License Status.: UNLIMITED-NORMAL Comparison Data Company Company Type: Property &Casualty Enforcement Action State of Domicile: CALIFORNIA Composite Complaints Studies Additional Info back to top Find A Company Representative In NAIC Group List Your Area View Financial Disclaimer NAIC Group #. 2538 AmTrust NGH Grp Lines Of Business The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the glossary. AUTOMOBILE BOILER AND MACHINERY BURGLARY FIRE LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY back to top https:l/interactive.web.insurance.ca.gov/companyprofi le/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 1/2 9/28/2017 Company Profile © 2008 California Department of Insurance https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 2/2 9/28/2017 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services Developers Surety and Indemnity Company (?) A.M.Best#:011752 NAIC M:12718 FEIN M 420429710 Mailing Address View Additional Address Information P.O.Box 19725 Finenciel5pa�plh Rating Irvine,CA 92623-9725 � ES� United States A Fxaalfirnl Assigned to insurance companies that have,in our opinion, Web:www.amtrustsure[v.com an excellent ability to meet their ongoing insurance Phone:949-263-3300 obligations. Fax:949-252-1959 View additional news,reports and Products for this company. Based on A.M.Best's analysis,051002-AmTrust Financial Services Inc is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure.View a list of operating insurance entities in this structure. Best's Credit Ratings Financial Strength Rating View Definition Rating: A(Excellent) Affiliation Code: r(Reinsured) Financial Size Category: XV($2 Billion or greater) Outlook: Negative Action: Affirmed Effective Date: February 27,2017 Initial Rating Date: January 29,1996 i Long-Term Issuer Credit Rating View Definition Long-Term: a Outlook: Negative Action: Affirmed Effective Date: February 27,2017 Initial Rating Date: June 06,2007 u Denotes Under Review Best's Rating Best's Credit Rating Analyst Rating Issued by:A.M Best Rating Services,Inc. Director:Jennifer Marshall,CPCU,ARM Senior Director:Michael J.Lagomarsino,CFA,FIRM Disclosure Information View A.M.Best's Rating Disclosure Form I i M.Best RDAses Oullooks alive an d A Ffirms Credlt Rail rugs of AmTrusl Firla nQjal S ervices h c.and Its Subsldla ries February 27,2017 f` Rating History A.M.Best has provided ratings 8 analysis on this company since 1996. Financial Strength Rating Effective Date Rating 2/27/2017 A 7/8/2016 A 5/29/2015 A 5/30/2014 A 1/8/2014 A 9/20/2013 A-i 6/17/2013 A- 5/31/2012 A- Long-Term Issuer Credit Rating Effective Date Rating 2/27/2017 a 7/8/2016 t a 5/29/2015 a 5/30/2014 a 1/8/2014 a 9/20/2013 a-u http://ratings.ambest.com/SearchResults.aspx?AltSrc=9 1/2 9/28/2017 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center 6/17/2013 a- 5/31l2012 a- Best's Credit Reports Best's Credit ReDort -Where applicable,includes Best's Financial Strength Rating and rationale along with comprehensive analytical commentary,detailed business overview and key financial data- Report Revision Date:4/10/2017(represents the latest significant change). Historical Reports are available in Best's Credit Report Archive. View additional news,reports and products for this company. Press Releases Date Title May 25,2017 M.Best Cd an Credttgabcjs cf m r Services,In_c__and_SuINAaric!F.Following'Co ma ui Raise Feb 27,2017 .$est Revises Quth2olks to Ne atjve and Af Irrris Credit RitinQs of Am rust Fi n i e ce In[.and Its 5uh s Jul 08,2016 A.M Affirm 5 Ra ungI5 Q f A rrlTrust FinServices Inc.and Its Subsidiaries May 29,2015 AM-Best Affirms R tin s of AmTryst Financial 5 rvi Inc.and Its lth5[ i fi s Apr 23,2015 LM.Best Places Ratings of 5prinInsurance Comnny Under Review"I'h Positive implications Jan 08,2014 A.M.B Ades Rai of Develo er re n Inde i n and lad n of California Sep 20,2013 AN.Best Places Ratio s of DeveJolpe.rs Surety and In derrin rtyCom pan dem rity Cam Rarly laf Ca I if o rn'a Under iTvie ti May 31,2012 AM st Revises JOu k Jo Neo ative Sur nd I nd E!rin n ily a nd Its 5ubsIdia ry,Iride mniCorn pa ny of California European Union Disclosures A.M.Best-Europe Rating Services Limited(AMBERS),a subsidiary of A.M.Best Rating Services.Inc.,is an External Credit Assessment Institution(ECAI)in the European Union(EU),Therefore,Credit Ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006I481EC. Australian Disclosures A.M.fled Asia-Patric Linliled(AMBAP).Australian Registered Body Numb Oar(ARBN No.150375287),is a limited liability company incorporated and domiciled in hong Kong.AMBAP is s whofesafe AlMr$Ilan Financial Services(AFS)Licence holder(AFS No.411 055)under the Corpora lions Act 2001,Gredlt Retlngs emanating from AMBAP are nol intended for and must not be distributed to any person in Au5tralu3 other Than a wholesale cl lent as defined in Chapter 7 of the Curpgrations Act.AMBAP does not au lharixe tts Credit Ratings to be disseminated by a Ihird•party to a manner khat could reasonably ee regarded as being lntanged to influence a retail client in making a decision in relation to a particular product or class of financial product.AMBAP Credit Ratings are intended for wholesale clients only,as defined. 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About A.M.Best I Site Map I Customer Service I Member Center I Contact Info I Careers I Terms of Use I Privacy Policy I Security I Legal&Licensing Regulatory Affairs-Form NRSRO-Code of Conduct-Rating Methodology-Historical Performance Data Copyright©2017 A.M.Best Company,Inc.and/or its affiliates ALL RIGHTS RESERVED. http://ratings.ambest.com/SearchResults.aspx?AltSrc=9 2/2 I Account Number: �2q(L22 Security Amount: .6 L11+,6o6.00 AS_S,IG�II�ENT• � F i (Subdivision Agreement) SECURITY FOR: BN 5499 , LF _ hereinafter called ASSIGNOR, whose principal place of business is 7030 N Fruit Ave, Ste 16101, Fresno, CA 93711 i Street City State Zip Code do (does) hereby assign, and set over to the City of Fresno of the State of California, all right, title, and interest of whatever nature, of assignor, in and to the insured account of assignor in the — CVCB evidenced by Assignment Acirtthe amount of$ 4 7. 000_number which is to be delivered-to the City of Fresno herewith. Assignor agrees that this assignment carries with it the right in the insurance of the account by the Federal Deposit Insurance I Corporation,and includes and gives the right to the City of Fresno to redeem, collect, and withdraw the full amount as indicated above at any time WITHOUT NOTICE TO ASSIGNOR. This assignment is given as security for liability for Warranty Security for Tract 6130 including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. F I Assignor hereby notifies the above-named Bank of this assignment. mx $3m Dated this 19th dayof September 2017 o�, m E d E tQ= me & Title of Assignor v 3 .0'0 iD 0 O U«U REC,EiRT: FQIR_N0TlCE`OF%-ASSIGNMENT:.: j Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records i the City's interest in the account as shown by the above assignment and have retained a copy of this f sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the = above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. i c. Dated this day of ekple .ber 20 1' i TrIG 1 Bank ame Branch Location City State By Lzx�Au f ANazPqe-r Name Title of Office f C r Date Tax I Opened: 9/19/2017 Term: 12 Months 1D: ON SIGNATURE CARD Number: N/A Certificate of Deposit Account Number: 008290822 Dollar 1 Amount of = Deposit: Forty-Seven Thousano D Ilars And No Cents $47,000.00 f This Time Deposit is Issued to: Issuer: Central Valley Community Bank-080 7100 N FINANCIAL DR I' '-BN 5499 LP STE 101 1. 7030 N FRUIT AVE STE 101 FRESNO,CA 93720 FRESNO, CA 93711-0782 Not Negotiable-Not Transferable -Additional terms are below. By f Additional Terms and Disclosures This form contains the terms for your time deposit. It is also the Minimum Balance Requirement: You must make a minimum deposit to Truth-in-Savings disclosure for those depositors entitled to one. There are additional terms and disclosures on page two of this form, se:n: of open this account of$ 47,000.00 which explain or expand on those below. You should keep one cr.•p: of ® You must maintain this minimum balance on a daily basis to earn the this form. ' Maturity Date:This account matures 9/19/2018 annual percentage yield disclosed. f (See below for renewal information.) Withdrawals of Interest: Interest ❑ accrued ® credited during a Rate Information: The interest rate for this account is 0.210 % term can be withdrawn: WITHOUT PENALTY I with an annual percentage yield of 0.21 %.This rate will be paid until the maturity date specified above. Interest begins to accrue on Early Withdrawal Penalty: If we consent to a request for a withdrawal the business day you deposit any noncash item(for example,a check), that is otherwise not permitted you may have to pay a penalty. The I Interest will be compounded QUARTERLY penalty will be an amount equal to: 180 DAYS OF INTEREST ON Interest will be credited AT MATURITY THE AMOUNT WITHDRAWN t t interest on the amount withdrawn. ® The annual percentage yield assumes that interest remains on deposit Renewal Policy: until maturity.A withdrawal of interest will reduce earnings. ❑ Single Maturity: If checked, this account will not automatically f ® If you close your account before interest is credited, you"will not renew. Interest ❑ will ❑ will not accrue after maturity. 1I receive the accrued interest. 10 Automatic Renewal: If checked, this account will automatically II The NUMBER OF ENDORSEMENTS needed for withdrawal or any renew on the maturity date. i other purpose is: ONE Interest '® will ❑ will not accrue after final maturity. 1 I ACCO 737 OWNERSHIP: You have requested BACKUP WITHHOLDING CERTIFICATIONS and intend the type of account marked below, TIN: ON SIGNATURE CARD ❑ Individual ❑ Joint Account ❑ Taxpayer I.D. Number - The Taxpayer ❑ Exempt Recipients - I am an exempr ❑ Joint-Husband and Wife(with right or.vrvtvonhip) Identification Number shown above (TIN) is recipient under the 1wr.rnal Revenue Service 1 ❑ Community Property-Husband and Wife my correct taxpayer identification number. Regulations. ❑ Tenancy in Common ❑ Backup Withholding - I am not subject Aerprovisionpenalty for of y signature, statements es ❑ Trust: Separate Agreement Dated to backup withholding either because I have under checked rin this section and that I am a U.S. (9 ON SIGNATURE CARD not been notified tha[] am subject to backup person (including a U.S. resident alien), is withholding as a result of a failure to report contained on the first copy of this all interest or dividends, or the Internal certificate. Revenue Service has notified me that I am no ❑ Totten Trust or ❑ Pay on Death longer subject to backup withholding. Designation as dermcd in this agreement (Beneficiaries'names and addresses) } ENDORSEMENTS-SIGN ONLY WBLN YOU REQUEST WITHDRAWAL I I X € X I X ®01993 Bankers Systems,Inc„St.Clod,MN Form CD•AA-LAZ-CA(1) 6/11/2005 READ PAGE TWO FOR ADDITIONAL TERMS (page I of 21 r DEFINITIONS: "We," "our," and "us" mean the issuer of this account P.O.D. Account With Multiple Parties -This account is owned by the and "you" and "your" mean the depositor(s). "Account" means the named parties. Upon the death of any of them, ownership passes to the = original certificate of deposit as well as the deposit it evidences. survivor(s), Upon the death of all of them, ownership passes to the named pay-on-death payee(s), Whether the P.O.D. Account is with single party i TRANSFER: "Transfer" means any change in ownership, withdrawal or multiple parties, if ownership passes to more than one beneficiary, any rights, or survivorship rights, including (but not limited to)any pledge or such beneficiary may withdraw all or any part of the account balance. assignment of this account as collateral. You cannot transfer this account Totten Trust Account - (subject to this form) - If two or more of you without our written consent. create this account, you own the account jointly with survivorship. Beneficiaries acquire the right to withdraw only if(1)all persons creating PRIMARY AGREEMENT: You agree to keep your funds with us in this the account die, and (2) the beneficiary is then living. If two or more account until the maturity date. (An automatically renewable account beneficiaries are named and survive the death of all persons creating the matures at regular intervals.) You may not transfer this account without account, such beneficiaries will own this account in equal shares, without first obtaining our written consent. You must present this certificate when right of survivorship. Any such beneficiary may withdraw all or any part f you request a withdrawal or a transfer, of the account balance. The person(s) creating either of these account € This account is void if the deposit is made by any method requiring types reserves the right to: (1) change beneficiaries; (2)change account collection(such as a check)and the deposit is not immediately collected in types;and(3)withdraw all or part of the deposit at any time. full.If the deposit is made or payable in a foreign currency, the amount of Trust Account Subject to Separate Agreement - We will abide by the deposit will be adjusted to reflect final exchange into U.S.dollars, the terms of any separate agreement which clearly pertains to this account We may change any term of this agreement. Rules governing changes and which you file with us. Any additional consistent terms stated on this j in interest rates have been provided. For other changes we will give you form will also apply. i reasonable notice in writing or by any other method permitted by law. If any notice is necessary, you all agree that the notice will be SET-OFF: You each agree that we may (without prior notice and when 1 sufficient if we mail it to the address listed on page one of this form. You permitted by law) set off the funds in this account against any due and j must notify us of any change. payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such person's or legal entity's right to WITHDRAWALS AND TRANSFERS: Only those of you who sign the withdraw. The amount of the set-off may be further limited by applicable permanent signature card may withdraw funds from this account. (In law. If the debt arises from a note, "any due and payable debt" includes appropriate cases, a court appointed representative, a beneficiary of a the total amount of which we are entitled to demand payment under the trust or pay-on-death account whose right of withdrawal has matured, or a terms of the note at the time we set off,including any balance the due date newly appointed and authorized representative of a legal entity may also for which we properly accelerate under the note.This right of set-off does withdraw from this account.) The specific number of you who must agree not apply to this account if: (a) it is an Individual Retirement Account or to any withdrawal is written on page one in the section bearing the title other tax-deferred retirement account, or (b) the debt is created by a NUMBER OF ENDORSEMENTS. This means, for example, that if two consumer credit transaction under a credit card plan, or (c) the debtor's I of you sign the signature card but only one endorsement is necessary for right of withdrawal arises only in a representative capacity. You agree to { withdrawal then either of you may request withdrawal of the entire hold us harmless from any claim arising as a result of our exercise of our account at any time. Unless otherwise specified in writing, only one right of set-off, endorsement is required to withdraw funds from this account. i These same rules apply to define the names and the number of you BALANCE COMPUTATION METHOD: We use the daily balance who can request our consent to a transfer. method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. PLEDGES: Any pledge of this account (to which we have agreed), must first be satisfied before the rights of any joint account survivor, TRANSACTION LIMITATIONS: You cannot make additional deposits ' pay-on-death beneficiary or trust account beneficiary become effective. to this account during a term (other than credited interest). You cannot For example, if one joint tenant pledges the account for payment of a debt withdraw principal from this account without our consent except on or and then dies, the surviving joint tenant's rights in this account are subject after maturity, (For accounts that automatically renew, there is a grace first to the payment of the debt. period after each renewal date during which withdrawals are permitted without penalty.) OWNERSHIP OF ACCOUNT AND BENEFICIARY In certain circumstances, such as the death or incompetence of an ' DESIGNATION: You intend these rules to apply to this account account owner, the law permits, or in some cases requires, the waiver of E depending on the form of ownership and beneficiary designation, if any, the early withdrawal penalty. Other exceptions may also apply, for specified on page 1.We make no representations as to the appropriateness example,if this is part of an IRA or other tax-deferred savings plan. 3. or effect of the ownership and beneficiary designations, except as they ; determine to whom we pay the account funds. FOR ACCOUNTS THAT AUTOMATICALLY RENEW: Each Individual Account -This account is issued to one person who does renewal term will be 12 months , beginning on not intend (merely by opening this account) to create any survivorship the maturity date(unless we notify you,in writing, before a maturity date, rights in any other person. Joint Account -This account is owned by the of a different lean for renewal). named parties. Upon the death of any of them, ownership passes to the survivor(s). Joint Account - of Husband and Wife With Right of You must notify us in writing before, or within a 10 day grace Survivorship - This account is owned by the named parties, who are period after, the maturity date if you do not want this account to husband and wife,and is presumed to be their community property. Upon automatically renew, the death of either of them, ownership passes to the survivor, Community Interest earned during one term that is not wiihdrawn during or Property Account of Husband and Wife - This account is the immediately after that term is added to principal for the renewal tetra. community property of the named parties who are husband and wife, The The rate for each renewal term will be determined by us on or just ownership during lifetime and after the death of a spouse is determined by before the renewal date. You may call us on or shortly before the maturity the taw applicable to community property generally and may be affected date and we can tell you what the interest rate will be for the next renewal i by a will. Tenancy in Common Account -This account is owned by the term. On accounts with terms of longer than one month we will remind named parties as tenants in common. Upon the death of any party, the you in advance of the renewal and tell you when the rate will be known ownership interest of that party passes to the named pay-on-death payee(s) for the renewal period. of that party,or, if none, to the estate of that party, P.O.D.Account with Single Party-This account is owned by the named party. Upon the death of that party, ownership passes to the named pay-on-death payee(s). See your plan disclosure if this account is part of an IRA or Keogh. (page 2 o/2J A ®®1993 Bankers Systems,Inc.,St.Cloud,MN Form CD•AA-LAZ-CA 611 Moos 7 +, BN 5499, L.P. CENTRAL VALLEY COMMUNITY BANK 1264 7030 N FRUIT AVE.,SUITE#101 7100 N FINANCIAL DRIVE,SUITE 101 FRESNO,CA 93711 FRESNO,CA 93720 90 3772/1211 (559)435-9700 9/ 19/ 17 PAY TO THE City of Fresno $ 623 , 391 . 40 ORDER OF DOLLARS MEMO Final Map Fees per SUBD Agmt A fC� Nr AUTHORIZED SIGNATURE v00L264u■ 1: 1211377261: 008 137897 ' BN 5499, L.P. CENTRAL VALLEY COMMUNITY BANK 1265 7030 N FRUIT AVE.,SUITE#101 7100 N FINANCIAL DRIVE,SUITE 101 FRESNO,CA 93711 FRESNO,CA 93720 90-3772/1211 (559)435-9700 411SI/17 PAY TO THE City of Fresno $ 61'666 , 00 ORDER OF DOLLARS e MEMO Final Map Document Fees AUTH0R0MS*mTVRE _... .._ �v usOOL265na 1: 1211377261: 008 13789 II■