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HomeMy WebLinkAboutT-6153 - Cashier Memo - 10/25/2017 C:ily of MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 25, 2017 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6153 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING. 1. Performance Bond in the amount of$199,000.00 2. Payment Bond in the amount of$104,500.00 3. 5% Performance Security a. Check in the amount of$10,000.00 (United Security Bank N.A. No. 004971) 4. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$67,515.42 (United Security Bank N.A. No. 004983) 5. Document preparation fees deposit into 180203 10101 34559 a. Check in the amount of$6,666.00 (United Security Bank N.A. No. 004973) 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684 Thank you Jonathan Bartei OCT 0 4 2017 City Of � 1��� �e��■»-���� MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 4, 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. 6153 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: $199,000.00 2. Payment Bond in the amount of: $104,500.00 If you have any questions, please contact me at 621-8684. Thank you, __ JonathaBartel i11$K�ANA(���EN'�g11f L��$w Approved L rmBd WJE es ate ig Bond No.: 070025592 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and Copper River Manch Villages, LLC, a California Limited Liability Company ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6153 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Liberty Mutual Insurance Company , as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of u nd redand 001100 dollars ($ 199.000.00 } lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. 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 27 , 20 17 . Copper River Ranch Villages, LLC, Principal:a Cakfornia Limited Liability Company By: (Principal) Surety: LibertvA4Utual Insurance Company By: (Surety ody L man, tt ey-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT Civil Code § 1189 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 Fresno } On (I Ll 1t before me, Bonnie Gonzalez, Notary Public, personally appeared Cody Lyman , who proved to me on the basis of satisfactory evidence to be the person44 whose name{} is/aFe subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/he authorized capacity4e4, and that by his/ FF signature{} on the instrument the personk4, 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 official seal. BONNIE QONZALEZ w NOTARY PUBLIC-CALIFORNIA 3 COMMISSION#2202238 FRESNO COUNTY My Comm.Exp.July 12.2021 Signatur • 4nL_ (Seal) Bonnie Gonzalez, Notary Public THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No 786_1907 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casually Insurance Company is a corporation duly organized under the laws of the Stale of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the Stale of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana(herein collectively called the"Companies"),pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Bonnie Gonzalez;Cody Lyman;John C.[Jay,Lyn Genitor Ralph B.Busch Ill;Steven P.Edwards all of the city of Fresno state of CA each individually if there be more than one named,its true and lawful attorney-in-fact to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as its act and deed,any and all undertakings,bonds,recognizances and other surely obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 11th day of August 2017 ea • = c; t:. i r r The Ohio Casualty Insurance Company to 1912 199t Liberty Mutual Insurance Company c WestF nlerican Insurance Company N CID STATE OF PENNSYLVANIA ss David M.Carey;Assistant Secretary C ++M COUNTY OF MONTGOMERY dp1 On this 11th day of August 2017 before me personally appeared David M.Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance v v a) Company, The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes p 7 therein contained by signing on behalf of the corporations by himself as a duly authorized officer. m ll! M N > IN WITNESS WHEREOF,I have hereunto subscribed my name and affixed my notarial seal al King of Prussia,Pennsylvania,on the day and year first above written. E y c�A ptiS� COMMONWEALTH OF PENNSYLVANIA Q M k OHlyg E( C C wQ aaM +�� { Notarial Seal ///]/�� �G%( O fA "4 p Teresa Pasteila,Notary Public By._/`�" "" 0 `1 4F Upper Merlon Twp.Montgomery County Teresa Pastella,Notary Public d 11- My Commission Expires March 28,2021 3 f[7 rte+ Q Member,Pennsylvania Associalion of Notaries O a E a M C rq This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual •W p Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: r O t37N w� ARTICLE IV—OFFICERS—Section 12.Power of Attorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O e to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, y C, acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective =p E powers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so is) p6. M executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attomey-in-fact under > the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. t N R C ARTICLE XIII—Execution of Contracts—SECTION 5-Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, E o0 > (D and subject to such limitations as the chairman or the president may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L M O 3 seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their =00 Z v respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so u o executed such instruments shall be as binding as if signed by the president and attested by the secretary. O co Certificate of Designation—The President of the Company,acting pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attorneys-in- ~ fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization—By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds,shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renee C. Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, and West American Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full, true and correct copy of the Power of Attorney executed by said Companies, is in full force and effect and has not been revoked. 7' � IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies thi day of Lrr 201 r� o. `1917 191 2 991 By: Renee C L1e sslstant Secretary 69 of 100 LMS 12873 022017 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 28, 2017 before me, Andrea A. McFadden (insert name and title of the officer) personally appeared Steven F. Hertel who proved to me on the basis of satisfactory evidence to be the person(,'whose name() isl e subscribed to the within instrument and acknowledged to me that helsJ1tlt"y executed the same in his/56rltbigrir authorized capacity(ies), and that by hisllaerltbeir signature on the instrument the person(g), 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. ANDREA A. �IcFAl7dEH COMM. #2056411 x WITNESS my hand and official seal. s Notary Public California o Fresno County M1 Comm.Expires Jan.31,201$ SignaturoL-�t`-j (Seal) Bond No.: 070025592 SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and Copper River Ranch Villages, LLC, a California Limited Liability Company ("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. 6153 , 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 Liberty Mutual Insurance 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 One Hundred Four Thousand Five Hundred and 00/100 dollars ($ 104,500.00 ), 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 27 2017 Copper River Ranch Villages, LLC, Principal: a California Limited Lifbkty Company By: (Principal) Surety: ---bedV(Mufijal 1 nee Company By: -7z�� -,-) -, (S ety) ody Lyman, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT Civil Code § 1189 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 Fresno ) On Z Zai before me, Bonnie Gonzalez, Notary Public, personally appeared Cody Lyman , who proved to me on the basis of satisfactory evidence to be the person{S} whose name{4 is/ 4:e subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/ #eiF authorized capacity{+es}, and that by his/4efA eif signatures} on the instrument the person}, or the entity upon behalf of which the person{4 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. BONNIE OONZALEZ NOTARY PUBLIC-CALIFORNIA ;3 COMMISSION#2202238 FRESNO COUNTY My Comm.Exp.July 12,2021 Signatu - t bra �g (Seal) Bonnie Gonzalez, Notary Public THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No 7861906 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the Stale of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana(herein collectively called the"Companies"),pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Bonnie Gonzalez;Cody Lyman;John C.Day;Lyn Genito;Ralph B.Busch III;Steven P.Edwards all of the city of_Fresno state of CA each individually if there be more than one named,its true and lawful attorney-in-fact to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as its act and deed,any and all undertakings,bonds,recognizances and other surety obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 11 th day of August 2017 The Ohio Casualty Insurance Company �► Liberty Mutual Insurance Company W o g ff 1912 1991 C West }mencan Insurance Company S By: x ' STATE OF PENNSYLVANIA ss David M.Care stAril Secretary +� COUNTY OF MONTGOMERY c tV NOn this 11th day of August — 2017before me personally appeared David M.Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance u U 1y Company, The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes >,N. 0? therein contained by signing on behalf of the corporations by himself as a duly authorized officer. O W i EI N > IN WITNESS WHEREOF,I have hereunto subscribed my name and affixed my notarial seal at King of Prussia,Pennsylvania,on the day and year first above written. O y y1? PAS) COMMONWEALTH OF PENNSYLVANIA Q`p ¢ Fy9HW F _-........ .� EerA al It Notarial Seal � ,- Toresa Pasleila,Notary Public By: O O `► xr Upper 4lerionTwp,Montgomery County Teresa Pastella,Notary Public ` V; Member.My Commission Exp.res March 26,2021 3 f13 OdT f'47�1' _,y�VV Member.Pennsylvania Association of Nntanes a E G1 Y C This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual N p 66- Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: r tm to t0 ARTICLE IV—OFFICERS—Section 12.Power of Attorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O C. to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, >y O,c acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective E ofpowers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so N O executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attomey-in-fact under > 7' the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. t r ARTICLE XIII-Execution of Contracts-SECTION 5.Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, E , > and subject to such limitations as the chairman or the president may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L M 0 seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their 0 00 Z v respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so u o executed such instruments shall be as binding as if signed by the president and attested by the secretary. O co Certificate of Designation-The President of the Company;acting pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attorneys-in- F- fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization-By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signalure of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds,shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renee C, Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, and West American Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full, true and correct copy of the Power of Attorney executed by said Companies, is in full force and effect and has not been revoked- �k IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies this T day of 20 /17— LT Q 1919191) 1991 BY:_ o Renee C.Lle islant Secretary 68 of 100 LMS 12873 022017 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 28, 2017 before me, Andrea A. McFadden (insert name and title of the officer) personally appeared Steven F. Hertel who proved to me on the basis of satisfactory evidence to be the persor�(s)whose name(s) is1ar-e subscribed to the within instrument and acknowledged to me that helshelthey executed the same in hisl4erltlxdir authorized capacity(ips), and that by his/her/their signature(s' on the instrument the person(s), or the entity upon behalf of which the person(o 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. ANDREA A. McFADDEN COMM. #2056411 z WITNESS my hand and official seal. X Notary Public •California � x Fresno Counly, o Comm.Expires Jars.31,2018 Signature (Seal) 10/12/2017 Company Profile IL 9:72-1:61ff COMPANY PROFILE Company Profile Company Search Company Information Company Information LIBERTY MUTUAL INSURANCE COMPANY Old Company 175 BERKELEY ST Names BOSTON, MA 02116 Agent for Service 800-526-1547 Reference Information Old Company Names Effective Date NAIC Group List Lines of Business Agent For Service Workers' Compensation KARISSA LOWRY Complaint and 2710 GATEWAY OAKS DRIVE Request for SUITE 150N Action/Appeals SACRAMENTO CA 95833 Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 23043 Quarterly Statements f California Company ID #: 1022-3 Company Complaint Company Date Authorized in California: 08/30/1929 Performance & Comparison Data License Status: UNLIMITED-NORMAL Company Company Type: Property &Casualty Enforcement Action N Composite State of Domicile: MASSACHUSETTS Complaints Studies Additional Info back to top Find A Company Representative In Your Area NAIC Group List View Financial Disclaimer NAIC Group # 0111 LIBERTY MUT 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. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LIABILITY MARINE MISCELLANEOUS PLATE GLASS https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=3090 1/2 10/12/2017 Company Profile SPRINKLER SURETY TEAM AND VEHICLE WORKERS' COMPENSATION back to top © 2008 California Department of Insurance hftps://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=3090 2/2 10/12/2017 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services Liberty Mutual Insurance Company (2) A.M.Best if:002253 NAIC 0:23043 FEIN#:041543470 Domiciliary Address Financial Sbvngth Rating 175 Berkeley Street Boston,MA 02117itisi United Stales A EKcii pant Assigned to insurance companies that have,in our opinion, Web:www.LibertvMutualGroup.com an excellent ability to meet their ongoing insurance Phone:617-357-9500 obligations. Fax:617-574-5955 View additional news,reports and products for this company- Based on A.M.Best's analysis,051114-Liberty Mutual Holding Company 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: p(Pooled) Financial Size Category: XV($2 Billion or greater) Outlook: Stable Action: Affirmed Effective Date: March 08,2017 Initial Rating Date: June 30,1922 Long-Term Issuer Credit Rating View Definition i Long-Term: a Outlook: Stable Action: Affirmed Effective Date: March 08,2017 Initial Rating Date: November 23,2004 u Denotes Under Review Best's Rating Best's Credit Rating Analyst Rating Issued by:A.M.Best Rating Services,Inc. Senior Financial Analyst:Gregory Dickerson Senior Director:Michael J.Lagomarsino,CFA,FRM Disclosure Information View A.M.Best's PaLiM Disclosure Form Guarantor(s)-also see the Rating Disclosure Form for the following companies,as they guarantee rated debt issues for this company- 051114-Liberty Mutual Holding Company Inc A--M—V4EI5t Affirms Credu Ratin s of Lih Fly Mutual H Old i rLq Cum a ny luc,aglrl lis Subsidiaries March 08,2017 I Rating History A.M.Best has provided ratings&analysis on this company since 1922. Financial Strength Rating Effective Date Rating 3/8/2017 A 10/8/2015 A 9/24/2014 j A 8/14/2013 A 7/26/2012 Long-Term Issuer Credit Rating Effective Date Rating 3/8/2017 a 10/8/2015 a 9/24/2014 a 8/14/2013 a 7/26/2012 a http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URATI NGI D=2392449&MCTaken=1351415017514921106183841582152728215263... 1/2 10/12/2017 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Rated Issues Issue Credit Ratings Date Issued Amount Coupon Issue TvoeRetina Effective Date Outlook/Implication 05/11/1995 150,000,000 USD 8.505% Surplus Notes bbb+ 03/08/2017 Stable 10/09/1997 500,000,000 USD 7.697% Surplus Notes bbb+ 03/08/2017 Stable 10116/1996 250,000,000 USD 7.875% Surplus Notes bbb+ 03/08/2017 Stable (il Denotes Indicative Rating Related Financial and Analytical Data The following links provide access to related data records that A.M.Best utilizes to provide financial and analytical data on a consolidated or branch basis. AMB# TCompany Name Company Description 087060 Lib".Mutual Insurance Company CAB Represents the Property/Casualty financials for the Canada Branch of this legal entity, _.. _.._ ....... Best's Credit Reports Best's Credit Report -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:3/29/2017(represents the latest significant change). ,I= Historical Reports are available in Best's Credit Report Archive I View additional news,reports and Products for this company. Press Releases Date Title May 02,2017 A.M.BeFt Berrioves from Q nde r Review lop i ng I ice i 20s.Afti rms Cfed't ROna5 Qf Iron 5 h are In and 111iaries Mar 08,2017 A,M.Best Affi rm s Credit Ratin f LibentMutual Id 9 IdIn COM pa ny Inc- d Its SUbsialafies Aug 19,2016 A-M. a (firms and Wi Ild r ws Rati n g5 9 f U bertyMutua I IrLoyfance Eu ron e Li rn it ed Oct 08,2015 A.M.Best AffirreiS Ratin s of 1_1be-inty Mutual Holding Company Incn Subsidiaries Sep 24,2014 AN.Be st Affi rm.5 Ra Lings of Lib M ltuai Hold'n t)art lne.and I bsidiaries Apr 17,2014 M.agst Affirm Ra n[s for RuPlIbliC IndemnityComppriy gf America and ffilia es Aug 14,2013 Am M.Best Aff i r ms Ratin f Lib erim Mu l H ol d!r1cl Cam pan4 InC,and Its Suh i i ri Jul 26,2012 A.M.But Affifms Ratjng _ol Liberty.,M,glwj 11plding Compan3 Inc and Its Subsidiaries May 04,2012 M.Best Agicins RaLiria5to L berty Mutual Group New Senior Unsecured Notes Jun 16,2011 A.M.Bet Revi u t1ocik to f Li 6 erty M utual Hol cl i Pig Com o any I n .a n d Its Subsidiaries 1 2 3 Page size: 10 22 items in 3 pages +i 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 2006/48/EC. Australian Disclosures A.M.Best Asia-Pacific Limited(AMBAP),Audirallan Registered Roily Number EgfxBN No.150375287),is a limited liability company incorporated and domiciled in Hong Kong.AMBAP is a wholesale Australian Financial Services(AFS)Licence holder(AFS No.4110551 under the Corporations.Act20Q1.Credit Ratings emanating from AMBAP are not intended for and must not be distributed to arty person in Australia other than a wholesale client as defined in Chapter 7 of the Corporations Act.AMBAP does not authorize its Credit Ratings to be disseminated by a third-party in a manner that could reasonably be regarded as being intended 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, Credit Ratings determined ar4disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst.AMBAP Credit Ratings are statements of opinion and not statethents of fact.They are not recgmmendalions to buy,hold or sell any securities orsny other form of financlel product,including lnsurence policies and are not a recommendation to be used to make investment/purchasing decisions. Important Notice:A.M.Best's Credit Ratings are independent and objective opinions,not statements of fact.A.M.Bask is not an Investment Advisor,does not offer investment advice of any kind,nor does the company or its Ratings Analysts offer any form of structuring or financial advice.A.M.Best's credit opinions are not recommendallons to buy,sell or hold securities,or to make any other investment decisions.For additional information regarding the use and limitations of Credit Rating opinions,as well as the rating process,information requirements and other rating related terms and definitions,please view Understanding Best's Credit in About A.M.Best I Site Map I Customer Service I Member Center I Contact Info l Careers I Terms of Use l 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, hftp://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&U RATI NG I D=2392449&MCToken=1351415017514921106183841582152728215263... 2/2 UNITED SECURITY BANK N.A. 004971 0 /�4(1 COPPER RIVER RANCH VILLAGES, LLC 7086N cRESNOSTREET `� FRESNO.CA 93720 11861 N.ALICANTE DRIVE 90-4149,1211 FRESNO.CA 93730-7003 10/03/17 PAY TO THE City of Fresno -***10, 000 . 00* ORDER OF $ *TEN THOUSAND DOLLARS AND NO CENTS DOLLARS City of Fresno ~ 2600 Fresno St. Fresno CA 93721 f MEMO 0003001 --"� 11'0049 '7 LII° 1: L 2 L L4 L49Sl: 00 2 L 2746611■ COPPER RIVER RANCH VILLAGES, LLC UNITED SECURITY BANK N.A.7088004983 7088 N.FRESNO STREET 720 11861 N.ALICANTE DRIVE FRESNO,CA 90-4149/1211 FRESNO,CA 93730-7003 10/09/17 PAY TO THE City of Fresno ****67, 515 . 24* ORDER OF $ *SIXTY SEVEN THOUSAND FIVE HUNDRED FIFTEEN DOLLARS AND 24 CENTS DOLLARS City of Fresno 2600 Fresno St . Fresno CA 93721 MEMO 0003001 11100498311° 1: L 2 L L4 L495l: 002 L 2746611' UNITED SECURITY BANK N.A. 004973 f COPPER RIVER RANCH VILLAGES LLC 7088 N.FRESNO STREET FRESNO,CA 93720 11861 N.ALICANTE DRIVE 90-4149/1211 FRESNO,CA 93730-7003 10/04/17 PAY TO THE City Of Fresno *****6, 666 . 00* ORDER OF $ *SIX THOUSAND SIX HUNDRED SIXTY SIX DOLLARS AND NO CENTS DOLLARS City of Fresno i� 2600 Fresno St . Fresno CA 93721 pyp MEMO 0003001 -- - Y- -- -- _ 11.00497311' l: L 2 L L4 L495l: 002 L 2746611'