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T-6056 - Cashier Memo - 11/21/2017
le ES IT C-6 City of MEMORANDUM PUBLIC WORKS DEPARTMENT - LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: November 21, 2017 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6056 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING 1. Performance Bond in the amount of$3,595,000.00 2. Payment Bond in the amount of$1,892,000.00 3. 5% Performance Security a. Certificate of Deposit in the amount of$189,000.00 (California Bank &Trust) 4. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of $261,179.26 (Central Valley Community Bank No. 0705C- 00000256) 5. The Balance on Addendum of the Subdivision Agreement a. Check in the amount of $291,000.00 (Central Valley Community Bank No. 0705C- 00000257) 6. Document preparation fees deposit into 180203 10101 34559 a. Check in the amount of $7,760.00 (Central Valley Community Bank No. 0705C- 00000222) 7. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684 Thank youParte'l Jonathan City of cocL+�� MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: November 17, 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. 6056 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: $3,595,000.00 2 Payment Bond in the amount of: $1,892,000.00 If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel RECEIVE❑ CITY OF FRESNO Personnel Services Department OFFICIAL USE ONLY RISK MANANEMEW DI ION Approved Ap roved w1C ges U 5 aFP Bond No.: 7060465 Premium:$32,355 for a 1 year term SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and WC Ashlan Hayes,LLC,a California Limited Liability Company ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6056 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Developers Surety and Indemnity Company as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of Three Million Five Hundred Ninety Five Thousand and 00/100 dollars ($ 3,595,000 } 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 November 15 , 2017 Principal:WC Ashlan Hayes,LLC,a California Limited Liability Company By: (Pri ai} Surety: Developers Surety and Indemnity Company ?07— By: (SLi ty) Kyle Wilson,Attorney-in-Fact 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 vulidiru of that document. State of CALIFORNIA County of FRESNO On November 15, 2017 before me,Melisa K. Resner,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. WITNESS my hand and official seal. MELISA K.RESNER Notary Public-California _ Fresno County Commission N 2197726 1 J My Comm,Expires Jun 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 Attomey(syin-Fad,to make,execute,deliver and acknowledge,for andon behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attomey(s)4n-fact full power and authority to do and to perform every act 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 e0 of the acts of sold Attomey(s)-In-fed,pursuant to these presents,we hereby ratified and confirmed This Power ofAtomey 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 Chairman of the Board,the President Executive Vice-President Senior Vice-president or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the attomey(s)named In the Power of Attomey 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 Attomey; RESOLVED,FURTHER that the signatures of such officers may be alfnced to any such Power cf Atlomey or to any certificate relating thereto by fad,and any such Power of Attomey orcertificate bearing such facsWe signatures shag be valid and binding upon the oaporatia when so affored and In the fuWre with respect to any bond,underta ft or contract of sure"Ip 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 andathaded by their respective Secretary or Assistant Secretary this 6th day of February,2017. By: �v uwo�• aMp Ata r aF Daniel Young,Senior Vice-President i ' tet% .. D 1936 = = s OCT.6 � i o s w 1967 0 By. Mark Lansdon,Vica-Prestdent ...........` r A notary public or other officer completing this oertificate verlRes only the Identity of the Individual who signed the document to which this certificate Is attached.and not the truthfulness,accuracy,or v of that document 810 of Cardomie County of Orange On February 6.2017 More me, Lucille Raymond.Notary Public WEe kn Marl Mm a�dlpb d ON Obs personally appeared !. _ Daniel Young and Mark Lansdon ►w(v1d30w(N who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)Ware subscribed to the within instrument and acknowledged to me that haWmithey executed the same in hMmAheir authorized capedKies),and that by histhedtheir signature(s)on the instrument the person(s),or the entity upon behalf of rA LUCILLE RAYMOND which the person(s)acted,executed the instrument Commis don•2041918 Notary PUMIC•CSINOM11 I certify under PENALTY OF PERJURY under the laws of the Sate of California that the foregoing paragraph is OnvV Coundy true and correct M Comm.Wes Ikt 13 2010 WITNESS my hand and official seal. Place Notary Seal Above Signature Lu'il' ond,Notary Public CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby om*that the foregoing Power of Attorney remains in fug force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth In the Power of Attorney are In force as of the dale of this Certificate. This Certificate Is executed In the City of Wne,Californle,this 15th day of November ,2017_ '`� aarro�A•aO.,• d�PAN Y ofi .6�J3 oz � k C��QaAgrF G By �• _ � 1936 '1 _ r- r 019878 a CAS519 J. ford,Assfstant tary = Sy, ATS-1002(02/17) +..,,,.,,,,.•• CALIFORNIA, ALL-PURPOSE kCKMO1;'§I'LEOGWEENT CIVIL CODE § 1189 :G.�SS��C,cs-,c�-•.r:c^-�r.�r3cc;�-r-rr,�-c.,cY�d �`,�rc�c^.cr.�C�4•.�Y'.�'.�i:r�crcr. rcrc,�e�C'' - "•.a�c�-:� ..ifs Fnotary public or other officer completing this certificate verifies only the identity of the individual who signed the cument to which this certificate is attached, and not the truthfulness, accuracy,or validity of that document_ L — — - - - State of California ) County of QSYlO ) On Qbefore me, ,y `a1 Date Here Insert Name and Title of Yhe Officer personally appeared �rLL� �►rl _ . Name(X) of Signer(,,) who proved to me on the basis of satisfactory evidence to be the person(I whose name( is/ar,_ subscribed to the within instrument and acknowledged to me that he/sbre/th6y executed the same in his/hkthoir authorized capacity(igt),and that by his/ham/their signature($)an 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 TERI FOSTER of the State of California that the foregoing paragraph COMM. 112115602 z is true and correct_ � Notary Puhtrc•California p z Fresno County — WITNESS my hand and official seal. Ktj Comm.Expires June 14 2x19 Signature _ Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended docerment. Description of Attached Document Title or Type of Document: _ Document Date: Number of Pages: Signer(s) Other Than Named Above: -- Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name. _. C Corporate Officer — Title(s): _ Corporate Officer — Title(s) - Partner — ; Limited ? General Partner — ` Limited General Individual Attorney in Fact Individual ;Attorney in Fact Trustee Guardian or Conservator Trustee ' Guardian or Conservator Other: _ _ _ Other: Signer Is Representing: _ _ Signer Is Representing: 02014 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907 Bond No.: 706046S Premium:Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and WC Ashlan Hayes,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. 6056 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 Developbrs 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 One Million Eight Hundred Ninety Two Thousand and 00/100 dollars ($ 1,892,000 }, 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 November 15 2017 Princlpal:WC Ashlan Hayes,LLC,a California Limited Liability Company By: (Principal) Surety: Developers Surety and Indemnity Company By. (Surety)Kyle Wilson,Attorney-in-Fact 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 November 15, 2017 before me,Melisa K. Resner,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. WITNESS my hand and official seal. MELISA K.RESNER Notary Public-California Fresno County Commission#2197726 ^ My Comm,Expires Jun 6,2021 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)2634300 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 Atiomey(s}in-Fed,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of sump giving and granting unto said Attomey(s)in-Fact fun power and authority to do and to perform every act 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 Attcmay(s)-in•Fact,pursuant to these preserhfs,are hereby ratified and confirmed This Power of Attorney Is granted and is signed by facsimile under and by authority of the following resolutions added by the respective Boards of Mectors 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 Chairman of the Board,the President.Executive Yoe-President,Senior Moo,43resident or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Atomey,qualifying the attomey(s)named in the Paver of Atomey to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or arty 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 oft ere may be atfoced to any such Power of Attorney or to any certificate relating thersto by fac*nfle,and any such Power of Attorney or certificate bearing such facsKe signatures shall be valid and binding upon the corporations when so affixed and In the future with rasped to any band,undertaking orcontract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally coursed these presents to be signed by their respective officersandalleged by their respective Secretary or Assistant Secretary this 6th day of February,2017. By gr!wo �••''. a�4ANY4.o- Daniel Young,Senior MmResident �J �i BGG RP0 q c+ 1936 = r ocT.is �6 Br .g= tae 0 cNCr A'p Mark Lansdorn,Yce-Prmldenl •• a •• '�iY+•,. r pP 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 valliffty of that document Stets of Cardomie County of Orange On February 6.2017 before me, Lucille Raymond,Notary Public Dde hornYnmtlw=a `11basrohmW personally appeared _-- Daniel Youno and Mark Landon "4013vor(d who proved to me on the basis of satisfactory evidence to be the person(s)whose names)is/are subscribed to the within bhshument and acknowledged to me that helshePoney executed the some in his&erl heir authorized cepodKw),and that by hiaAhefteir signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE It/1Y11 kMD which the person(s)acted,executed the instrument Contmliaon#2051915 Not"Pubk-edi of is I certify under PENALTY OF PERJURY under the laws of the Siete of Cardomia that the foregoing paragraph Is x Ort p CIIYMy hue and correct. M Comm.Wrej Oct 18 2015 WITNESS my hand and official seat. Place Notary Seal Above Signature Lucilltophond,Notary Public CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby ow*that the foregoing Power of Atomey remains in full force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Dlreclors of said corporations set forth In the Power of Attorney are In force as of the dale of this Certificate. This Certificate Is executed In the City of Irvine,Calftnle,this 15th day of November ,2 017. �V M.H r •• o��p ArdY p� s��,.,. � ate• �4 QpPUq,�T�F 1936 " ? OC1.B Cassle J. 'tord.Assistan! tary Q'•; r a v o t967 a F- ATS-1002(02117) �''•Hr,.rr •„'''���, CALIFORNIA ALL-PURPOSE OSE ACKNOWLEDGMENT° CIVIL CODE § 1189 :f�cc.^�S,c.X`cf'�.e�,�ry.�x.�;�,r.�f,c.Yc-fi�S�c.�c�r_M�rn^.ne.�r�•.� � ..•. ^. � �.�rxc�-r--:- - --..' `,�: 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 n O On before me, L I �r I �A4 -� Date Here Insert Name and Title of[lir: Officer personally appeared �5�'%-kk A` /1-fV Name(4 of Signer(!J who proved to me on the basis of satisfactory evidence to be the person(5y whose name(p) is/art subscribed to the within instrument and acknowledged to me that helslvelthey executed the same in hisl4046irauthorized capacity(iet), and that by his/hAr/their signature(6)on the instrument the person(g), or the entity upon behalf of which the personA acted, executed the instrument_ I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph TERI FOSTER is true and correct. R COMM #2115602 z W Notary Public•California c WITNESS my hand and official seal. z Fresno County Comm.Expires June 14,20!21 � Signature�t 4 Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: Corporate Officer — Title(s): ' Corporate Officer — Title(s): Partner — Limited i :General Partner — ` Limited : General Individual Attorney in Fact Individual Attorney in Fact TrusteeGuardian or Conservator Trustee I : Guardian or Conservator Other: Other: Signer Is Representing: Signer Is Representing: 02014 National Notary Association • www.NationalNotary.org - 1-800-US NOTARY (1-800-876-6827) Item #5907 11/20/2017 Company Profile CALIFORNIA 1 COMPANY PROFILE Company Profile Company Search Company Information Company Information DEVELOPERS SURETY AND INDEMNITY COMPANY Old Company Names 17771 COWAN STE 100 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 T 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. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 1/2 11/20/2017 Company Profile PLATE GLASS SPRINKLER SURETY TEAM AND VEHICLE WORKERS' COMPENSATION back to top © 2008 California Department of Insurance https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 2/2 11/20/2017 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#:12718 FEIN#:420429710 Mailing Address View Additional Address Information Flnencisl strength Rating P.O.Box 19725 ,fig Irvine,CA 92623-9725 �ES� A I3tcollont United Stales Assigned to insurance companies that have,in our opinion, Web:www.amtruslsurety.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 u(Excellent) Affiliation Code: r(Reinsured) Financial Size Category: XV($2 Billion or greater) Implication: Negative Action: Under Review Effective Date: November 06,2017 Initial Rating Date: January 29,1996 Long-Term Issuer Credit Rating View Definition Long-Term: a u Implication: Negative Action: Under Review Effective Date: November 06,2017 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 1111011111,11 View A.M.Best's Rating Disclosure Form A.M.Best Places Credit Ratings of AmTrust Financial Services,Inc.and Subsidiaries Under Review With Negative Implications November 06,2017 Rating History A.M.Best has provided ratings&analysis on this company since 1996. Financial Strength Rating Effective Date Rating 11/6/2017 A u 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- Long-Term Issuer Credit Rating Effective Date Rating 1116/2017 au 2/27/2017 a 7/8/2016 a 5/29/2015 a 5/30/2014 a ` 1/8/2014 II http://ratings.ambest.com/SearchResults.aspx?AltSrc=9 1/2 11/20/2017 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center 9/20/2013 a-u 6/17/2013 a- J Best's Credit Reports �TBest'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:11/6/2017(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 - ......... - — —.-...._ ..... --.............._ .... _ Nov 06,2017 A.M.Best Places Credit Ratings of AmTrust Financial Services,Inc.and Subsidiaries Under Review With Negative Implications May 25,2017 A.M.Best Comments on Credit Ratings of AmTrust Financial Services,Inc,and Subsidiaries Following Common Equity Raise Feb 27,2017 A.M.Best Revises Outlooks to Negative and Affirms Credit Ratings of AmTrust Financial Services,Inc.and Its Subsidiaries Jul 08,2016 A.M.Best Affirms Ratings of AmTrust Financial Services,Inc and Its Subsidiaries May 29,2015 A.M.Best Affirms Ratings of AmTrust Financial Services,Inc.and Its Subsidiaries Apr 23,2015 A.M.Best Places Ratings of Springfield Insurance Company Under Review With Positive Implications Jan 08,2014 A.M.Best Upgrades Ratings of Developers Surety and Indemnity Company and Indemnity Company of California Sep 20,2013 A.M.Best Places Ratings of Developers Surety and Indemnity Company and Indemnity Company of California Under Review May 31,2012 A.M.Best Revises Outlook to Negative for Developers Surety and Indemnity and Its Subsidiary,Indemnity Company 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 2006/48/EC. Australian Disclosures A.M.Best Asia-Pacific Limited(AMBAP),Australian Registered Body Number(ARBN No.150375287),is a limited liability company incorporaled and domiciled in Hong Kong.AMBAP is a wholesale Australian Financial Services(AFS)Licence holder(AFS No.411055)under the Corporations Act 2001-Credit Ratings emanating from AMBAP are not intended for and must not be distributed to any 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 and disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst.AMBAP Credit Ratings are statements of opinion and not statements effect.They are not recommendations to buy,hold or sell any securities or any other form of financial product,including insurance policies and are not a recommendation to be used to make investment/purchasing decisions. 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WC Ashlan Hayes, LLC (IProminence Central Valley Community Bank 7100 N Financial Dr# 101 121137726 Artisan product Fresno, CA 93720 1446 Tollhouse Road, Suite 103 Clovis, CA 93611 Date Check Number Nov 15, 2017 0705C-00000257 Amount Pay *Two Hundred Ninety One Thousand Dollars 00 Cents* $291,000.00 I I , i To City Of Fresno I The 2600 Fresno Street Order Fresno, CA 93721 Per Of + - PAYABLE IN UN/TED STATES DOLLAR I 1150000025711' : L2LL37726l: 008L4999211■ - - Central Valley Community Bank WC Ashlan Hayes, LLC (IProminence) 7100 N Financial Dr # 101 121 137726 Artisan product Fresno, CA 93720 1446 Tollhouse Road, Suite 103 Clovis, CA 93611 I Date Check Number Nov 15, 2017 0705C-00000256 Amount Pay *Two Hundred Sixty One Thousand One Hundred Seventy Nine Dollars 26 Cents* $261,179.26 10 City Of Fresno -I he. 2600 Fresno Street Drder Fresno, CA 93721 Per Of PAYABLE IN UNITED STATES DOLLAR 1000000 2 5611' is L 2 L L 3 7 7 26i: 008 14999 211' W I AUTOMATICALLY RENEWABLE Q C B CALIFORNIA BANK U `"`'� TRUST Y ISSUED AT -12resna_MRip OFFICE T2'7--sno --CA DATE W (CITY OR TOWN) (STATE) w7 WC Ashlan Hayes LLC 579040. 0534 UO I[:UST+)MFTI NAME) {CUSTOMEfi NUMBEH1 } 0 One Hundred Eighty Nine Thousand Dollars & No/100 DoLLARse*189 000 . 00*' H j HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK & TRUST PAYABLE TO C1l y of _Fresno OR ORDER UPON MATURITY Q AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATE,PROPERLY ENDORSED,AT THE ABOVE OFFICE- THE MATURITYlDF THIS CERTIFICATE WILL BE--,*I I I q I 19 AFTER DATE.AND SUCH MATURITY WILL BE AUI OMATICALLY EXTENDED FOR SUCCESSIVE LMEOERIODS 0. O UNLESS:(A)AT I-Wt-EN DAYS PRIOR TO SUCHORINAt GRAWY&TENDES]' ZMATURITY.THIS BANK HAS SENT WRITTEN NOTICETO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS 1' RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY.OR(B)UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT- SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF () % PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY,AS ABOVE PROVIDED,AND SUCH INTEREST WILL ' BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN [� INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK.THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE,TO THE EXTENT NECESSARY TO COMPLY W I I H ANY LAW UH GUVEHNMEN I AL HEGULATION AFFECTING THE DEPOSIT AUTHORIZED SIGNATURE OPS-1(05/09) Account Number: 5790400534 Security Amount: $189,000.00 ASSIGNMENT (Early Issuance of Building Permit Agreement) SECURITY FOR: WC Ashlan Haves,LLC hereinafter called ASSIGNOR, whose principal place of business is: 1446 Tollhouse Rd Suite 103 Clovis CA 93611 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 California Bank&Trust evidenced by CD in the amount of $ 189 000.00 Number 5790400534 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 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 Tract 6056 - including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. Assignor hereby notifies the above-named Bank of this assignment. Dated this 15th day of November 2017 ame itle of Assignor Joshua Peterson, Owner RECEIPT FOR NOTICE OF-ASSIGNMENT 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 the City's interest in the account as shown by the above assignment and have retained a copy of this 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. Dated this 1 5th day of November , 22@:& 201 7 _1_i-f-rni n Bank R Trust 7 Bank Name Branch city tate By: Name Title of scar Amanda Shoemake AVP/ CSM Central Valley Community Bank WC Ashlan Hayes, LLC (Wrominence) 7100 N Financial ❑r a 101 121137726 Artisan product Fresno, CA 93720 1446 Tollhouse Road, Suite 103 Clovis, CA 93611 Date Check Number Oct 25, 2077 07050-00000222 Amount Pay 'Seten Thousand Severn Hundred Sixty Dollars 00 Cents* $7,760.00 To City Of Fresno The 2600 Fresno Sireei �- Order Fresno, CA 93727 Per Of PAYABLE IN UNITED STATES DOLLAR ro v00000 2 2 211■ I: L 2 L L 3 7 7 2D: 008 L4999 211■