Loading...
HomeMy WebLinkAboutPM 2017-04 - Cashier Memo - 2/13/2018 City of MEMORANDUM PUBLIC WORKS DEPARTMENT - LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: February 13, 2018 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR PARCEL MAP NO. 2017-04 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$24,000.00 2. Payment Bond in the amount of$12,500.00 3. 5% Performance Security a. Check in the amount of$1,000.00 (East West Bank No. 292) 4. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$437.97 (East West Bank No.443) 5. Document preparation fees deposit into 180203 10101 34559 a. Check in the amount of$3,584.00 (East West Bank No. 420) b. Overpayment of$200.00, request refund to name on check 6. Copy of the Subdivision Agreement identifying itemized applicable charges If you have any questions, please contact me at 621-8684. Thank you, L- Jonathan Bartel City of MEMORANDUM ClsCi��� 1Il� ff Wrw.%, PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: November 27, 2017 RISK ANA IEMEH OIUION TO: HEIDI BRIGGS roved W/Approved Personnel Services Department Ap roved w/C nges [.] Date FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR PARCEL MAP NO. 2017-04 Attached are original bonds required for the subdivision agreement for the Parcel Map. Please review the following bonds for conformity to City acceptance policies: 1 Performance Bond in the amount of: $24,000.00 2. Payment Bond in the amount of: $12,500.00 If you have any questions, please contact me at 621-8684. Thank you, ! Jonathan Bartel Bond No.: 4415955 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and Mill Avenue Properties LLC. ill Avenue Properties II LLC,Mill Avenue Properties III LLC.,Mill Avenue Properties IV LLC ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for Parcel Map No. 2017-04 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and SURETEC INSURANCE COMPANY _ as surety, are held and firmly bound unto the City of Fresno {"City"], in the enal sum of TWENTY FOUR THOUSAND- - - - - - - do[iars{$ _24,000.0 -- - - ) 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 13 20 17 Mill Avenue Properties LLC,Mill Avenue Properties II LLC,Mill Avenue Properties III LLC,Mill Avenue Properties IV LLC P I: By: (Principal) ... Rahman Michael Faranik,Member S URETEC INSURANCE COMPANY (By. _ (Surety) ILL FORD PERSONS,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 County of �G� , } Co ,On e�-.before me, ` 1.1 ?J01�� Date Here Inser;,Name and Titl of`the Officer personally aNNearedti �C �n� 1 Name(s) of Signer(s) ------------------ 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 unIr ERJURY under the laws of the Statthe foregoing paragraph is true and ! - ANA C.LIMON NotaryPublic-California WITNESSal seal. 1 Los Angeles County Commission k 2192913 � My Comm.Expires Apr 21,2021 Signatureof 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 Do umen Title or Type of Document: LWboLMS 0-Y) TM*r&MA1k ' Document Date: it- 15-201 Number f 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 ❑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: 02016 National Notary Association •www.NationalNotary.org • 1-800-US NOTARY(1-800-876-6827) Item#5907 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 j certificate is attached,and not the truthfulness, accuracy,or validity of that document. State of CALIFORNIA County of LOS ANGELES Oil 11 /13/2�arZ 111C.WILLIAM CHRIS BAILEY Notary Public personally appeared William Ford Persons who proved to me oil 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 helshelthey executed the same in his/her/their authorized capacity(ies), and that by hishier/their sigLiature(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. UkIL EY WI`]TIESS my han nd official se a 7 UEL . _ 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. E CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL SUBDIVISION BOND NO. 4415955 ❑ CORPORATE OFFICER Title or Type of Document I ❑ PARTNER(S) Number of Pages ❑ MEMBER of LLC AX ATTORNEY-IN-FACT TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR Date of Document OTHER: SIGNER IS REPRESENTING: Signer(s)other than named above NAME OF PERSON(S) OR ENTITY(IES) POA#: 510490 SureTec Insurance Company LIMITED POWER OF ATTORNEY Snow All hien by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents make,constitute and appoint William Chris Bailey,William Ford Persons its true and lawful Attomey-in-fact,with full power and authority hereby conferred in its name,place and stead,to execute, acknowledge and deliver any and all bonds,recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the conditions of contracts and consents of surety for,providing the bond penalty does not exceed One Million and 001100 Dollars($1,000,000.00) and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President,sealed with the corporate seal of the Company and duly attested by its Secretary,hereby ratifying and confirming all that the said Attomey-in-Fact may do in the premises. Said appointment shall continue in force until 1M1/2018 and is made under and.by authority of the following resolutions of the Board of Directors of the SureTec Insurance Company: Be it Resolved,that the President,any Vice-President,any Assistant Vice-President,any Secretary or any Assistant Secretary shall be and is hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on behalf of the Company subject to the following provisions: Attorney-in-Fact may be given full power and authority for and in the name of and of behalf of the Company,to execute, acknowledge and deliver,any and all bonds,recognizances,contracts,agreements or indemnity and other conditional or obligatory undertakings and any and all notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary. Be it Resolved,that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or any certificate relating thereto by facsimile,and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 20`h of April, 1999) In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President,and its corporate seal to be hereto affixed this 19th day of April ,A.D. 2017 . SUti�AN� SURETEC St RAN E t ANY ?...% .. ��� By. W!Lu i a` John Knox resi nt State of Texas County of Harris On this 19th day of April ,A.D. 2017 before me personally came John Knox Jr.,to me known,who,being by me duly sworn,did depose and say, that he resides in Houston,Texas, that he is President of SURETEC INSURANCE COMPANY,the company described in and which executed the above instrument;that he knows the seal of said Company;that the seal affixed to said instrument is such corporate seal;that it was so affixed by order of the Board of Directors of said Company;and that he signed his name thereto by like order. +"Y'vr+ XENIA CHAVEZ Notary Public,State of Texas ' y vV Comm.Expires 09-10-2020 Notary ID 129117059 X to aver,,Notary Public Ty commission expires September 10,2020 1,M.Brent Beaty,Assistant Secretary of SURETEC INSURANCE COMPANY,do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney,executed by said Company,which is still in full force and effect; and furthermore,the resolutions of the Board of Directors,set out in the Power of Attorney are in full force and effect. Given under my hand and the seal of said Company at Houston, Texas this 3 th da o fNOVEM E_ 2 7 A.D. YM.3BjAr&tB ,AssistaVS, , ry Any instrument issued in excess of the penalty stated above is totally void and without any validity. For verification of the authority of this power you may call(713)812-0800 any business day between 8:00 am and 5:00 pm CST. Bond No.: 4415955 SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and AAM ap -R-Pa9-S1-" UaPMPW4ia-;.,L�LLc.("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 Parcel Map No. _2017-04 , 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 goad 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 .SURETEC INSURANCE COMPANY as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, materialmen, 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_TWELVE THOUSAND FIVE HUNDRED- - - - - -- - - - - - - - dollars ( 12,500.00-- - ), 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 he 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 13 Z0 17 MILL AVENUE PROPERTIES LLC,MILL AVENUE PROPERTIES II LLC,MILL AVENUE PROPERTIES III LLC,MILL AVENUE PROPERTIES IV LLC Princi p al: n B (P 'ncipal) BAHMAN MICHAEL FARANIK,MEMBER Surety: SURETEC INSURANCE COMPANY By: -- (rurety)L WILLIAM FORD PERSONS,A��RNEY-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 } County of .LQ5 'AI� On�� 1M1 AUL ►L+i1�� before me, Am%He�re l:. bvwo �.�.��-... Date Insert Name and Tine o e Officer personally appeared �- �' Name(s) of Signer(s) 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 co ct. ANA C.LIMON WITNESS y h and official seal. � Notary Public-California Los Angeles County z Commission k 2192913 My Comm.Expires Apr 21,2021 Signature MW re 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 Documen Title or Type of Document: 1 � _ Document Date: )JAI.• � 1� Number o 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 ❑ 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: 02016 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY(1-800-876-6827) Item#5907 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,orvaGdity of that document. State of CALIFORNIA County of LOS ANGELES Oil / me.WILLIAM CHRIS BAILEY Notary Public i 4 personally appeared William Ford Persons 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. ;r V,1111N0 CHRRIS LEY WITH S my h and offici al. ` C^ :�1V1. 2151847 ,a« rt P'OTARY PU.91C CNJ�'-0`�WIA � *' SOS A1NGEILS COUNTY :4. Cosa i. ray 2 1 �_ � C Signature of Notary OPTIONALL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fi•audulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT 17 INDIVIDUAL SUBDIVISION BOND NO. 4415955 ❑ CORPORATE OFFICER Title or Type of Document PARTNER(S) Number of Pages ❑ MEMBER of LLC kaATTORNEY-IN-FACT ❑ TRUSTEE(S) _ .._..._ ❑ GUARDIAN/CONSERVATOR Date of Document OTHER_ SIGNER IS REPRESENTING: Signer(s) other than named above NAME OF PERSON(S) OR ENTITY(IES) POA;f: 510490 SureTec Insurance Company LEMTED POWER OF ATTORNEY Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents make, constitute and appoint William Chris Bailey,William Ford Persons its true and lawful Attorney-in-fact,with full power and authority hereby conferred in its name,place and stead,to execute,acknowledge and deliver any and all bonds,recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the conditions of contracts and consents of surety for,providing the bond penalty does not exceed One Million and 001100 Dollars($1,000,000.00) i and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President,sealed with the corporate seal of the Company and duly attested by its Secretary,hereby ratifying and confirming all that the said Attorney-in-Fact may do in the premises. Said appointment shall continue in force until 12131/2018 and is made under and by authority of the following resolutions of the Board of Directors of the SureTec Insurance Company: Be it Resolved, that the President,any Vice-President, any Assistant Vice-President,any Secretary or any Assistant Secretary shall be and is hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on behalf of the Company subject to the following provisions: Attorney-in-Fact may be given full power and authority for and in the name of and of behalf of the Company,to execute, acknowledge and deliver,any and all bonds,recognizances,contracts,agreements or indemnity and other conditional or obligatory undertakings and any and all notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary. Be it Resolved,that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or any certificate relating thereto by facsimile,and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is attached. (Adopted at a meeting held on 20,h of--turd, 1999) In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President,and its corporate seal to be hereto affixed this 19th day of April ,A.D. 2017 . v� SURETEC E ANY ("-,,u y3Y By: of John Knox resi nt State of Texas ss: 141 County of Hams q On this 19th day of April A.D. 2017 before me personally came John Knox Jr.,to me known,who,being by me duly sworn,did depose and say,that he resides in Houston,Texas,that he is President of SURETEC INSURANCE COMPANY,the company described in and which executed the above instrument;that he knows the seal of said Company;that the seal affixed to said instrument is such corporate seal;that it was so affixed by order of the Board of Directors of said Company;and that he signed his name thereto by like order. �'"""'', XENIA CHAVEZ r _sr nNotary Public,State of'rexa5 Comm.Expires 09-10-2020 �NoX as av ta Public ••�,,,,,,�■• Notary ID 129117659 rY y commission expires September 10,2020 I,M.Brent Beaty,Assistant Secretary of SURETEC INSURANCE COMPANY,do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney,executed by said Company,which is still in full force and effect;and furthermore,the resolutions of the Board of Directors,set out in the Power of Attorney are in full force and effect. Given under my hand and the seal of said Company at Houston, Texas this 1 3 th xlav ofNOVEM E. 2 i -B nt Be N,Assistant Se eta ry Any instrument issued in excess of the penalty stated above is totally void and without any validity. For verification of the authority of this power you may call(713)812-0800 any business day between 8:00 am and 5:00 pm CST. 12/5/2017 Company Profile COMPANY PROFILE Company Profile Company Search Company Information Company Information SURETEC INSURANCE COMPANY Old Company 1330 POST OAK BLVD., SUITE 1100 Names HOUSTON, TX 77056 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' Vivian Imperial Compensation 818 WEST SEVENTH STREET Complaint and SUITE 930 Request for LOS ANGELES CA 90017 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 10916 Quarterly California Company ID #: 4914-8 Statements Company Complaint Date Authorized in California: 10/24/2005 Company Performance& License Status: UNLIMITED-NORMAL Comparison Data Company q Company Type: Property &Casualty Enforcement Action Composite State of Domicile: TEXAS Complaints Studies Additional Info back to top Find A Company Representative In NAIC Group List Your Area View Financial Disclaimer NAIC Group #: 0785 MARKEL CORP 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. SURETY back to top © 2008 California Department of Insurance https:/Iinteract[Ye.web,insurance.ca.govicompanyprofite/cornpanyprafite?everiL=companyProfile&doFunctlon=getCompanyProfiile&eid=105670 1/1 12/5/2017 SureTec Insurance Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services SureTec Insurance Company (�) A.M.Best S:012227 NAIC N:10916 FEIN N:760568746 Domiciliary Address 1330 Post Oak Blvd.Suite 1100 RrrneW Nervy Houston,TX 77056 e a� United States A Broollont Assigned to insurance companies that have,in our opinion, Web:www.surelec.com an excellent ability to meet their ongoing insurance Phone:713-812-0800 obligations. Fax:713-812-0406 View additional news,reports and products for this company. Based on A.M.Best's analysis,058405-Markel Corporation 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) Financial Size Category: VII($50 Million to$100 Million) Implication: Positive Action: Under Review Effective Date: February 03,2017 Initial Rating Date: September 20,2002 Long-Term Issuer Credit Rating View Definition Long-Term: a u Implication: Positive Action: Under Review Effective Date: February 03,2017 Initial Rating Date: January 09,2008 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 A.M.Best Places Credit Ratings of SureTec Insurance Co.and SureTec Indemnity Co Under Review with Positive Implications February 03,2017 Rating History r A.M.Best has provided ratings&analysis on this company since 2002. Financial Strength Rating Effective Date Rating 2/3/2017 Au 2/24/2016 A 2/6/2015 A 1/31/2014 A 12/20/2012 A Long-Term Issuer Credit Rating Effective Date Rating 2/3/2017 au 2/24/2016 a 2/6/2015 a 1/31/2014 a 12/20/2012 a http://ratings.ambest.com/SearchResults.aspx?AltSrc=9 1/2 12/5/2017 SureTec Insurance Company-Company Profile-Best's Credit Rating Center 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# Company Name Company Description 019152 SureTec Insurance Group(C) Represents the"as filed"Company Consolidated financials for the Property/Casualty business of this legal entity. 018838 SureTec Insurance Group(SG) Represents the A,M.Best Consolidated financials for the Property/Casualty business of this legal entity. Rating Unit 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:4/18/2017(represents the latest significant change). `IHistorical Reports are available in Best's Credit Report Archive. � View additional news,reports and products for this company. Press Releases Date Title Feb 03,2017 A.M.Best Places Credit Ratings of SureTec Insurance Co.and SureTec Indemnity Co,Under Review with Positive Implications Feb 06,2015 A.M.Best Revises Outlook of Issuer Credit Rating to Positive for SureTec Insurance Company Jan 31,2014 A.M.Best Affirms Ratings of SureTec Insurance Company and Assigns Ratings to Its Subsidiary,SureTec Indemnity Company Apr 23,2009 A.M.Best Upgrades Ratings of SureTec Insurance Company 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 incorporated 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 of fact.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, Important Notice:A.M.Best's Credit Ratings are independent and objective opinions,not statements of facL A.M.Best 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 recommendations 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 Ratings. 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-Hislurival 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 , r.�..*..e •:� . �3.rr:;x �� �t,•rri`�li'r�tr;:rAj1' to+,t,- ,., Yt� ixa.'�y'I I }zis: t.C.}1�1,}:�.g;fyr.•.�. 7•t�/:�r� e! SPM c/o Mill Avenue Properties, LLC East West Bank 292 450 North Roxbury Drive 9300 Flair Drive,4th FI. Suite#1050 EI Monte,CA 91731 Beverly Hills,CA 90210 310-247-0550 16-7038/3220 PAY **** ONE THOUSAND AND 00/100 DOLLARS DATE AMOUNT TO THE ORDER OF 11/13/2017 $1, 000 . 00*** ***VOID AFTER 120 DAYS'*' City of Fresno PO Box 27947 CA Fresno, CA 93729P-�-\',�`'�,` 111000 29 211'1: 3 2 20 70 38 L1: 80 3 2004 50 211' SPM c/o Mill Avenue Properties, LLC East West Bank 443 453 North Roxbury Drive 9300 Flair Drive,4th FI. Suite 41050 EI Monte, CA 91731 Baverly Hills, CA 90210 310-247-0550 16-7038/3220 PAY - .ti FOUR HUNDRED SEVEN AND 97/100 DOLLARS DATE AMOUNT TO THE ORDER OF 02/09/2018 $43 i . 97***-'* **'VOID AFTER 120 DAYS*** City of Fresno - -- MP u,00044 3u^1� 3 2 c�� r 38 L1: 80 3 2004 50 20 SPM c/o Mill Avenue Properties, LLC East West Bank 420 450 North Roxbury Drive 9300 Flair Drive,4th FI. Suite#1050 EI Monte,CA 91731 Beverly Hills,CA 90210 310-247-0550 16-7038/3220 PAY **** THREE THOUSAND FIVE HUNDRED EIGHTY FOUR AND 00/100 DOLLARS DATE AMOUNT TO THE ORDER OF 01/30/2018 $3 , 584 . 00*** ***VOID AFTER 120 DAYS*** City of Fresno PO Box 27947 Fresno, CA 93729 MP 111000 4 2011'1: 3 2 20 70 38 L1: 80 3 200 4 50 2111