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HomeMy WebLinkAboutT-5265 - Agreement/Covenant - 3/30/2005 � f City of XlZ PUBLIC WORKS DEPARTMENT 2600 Fresno Street Fresno, California 93721-3616 (559) 621-8650 P.W. File No. 10689 SUBDIVISION AGREEMENT FINAL MAP OF TRACT NO. 5255 J r d Subdivision Agreement Tract No. 5265 Page 2 THIS AGREEMENT is made this :2N5 day of mmzc H ,2005, by and between the City of Fresno, a Municipal Corporation, hereinafter designated and called the"City,"and Concord Development Co. LLC,a California Limited Liability Company, 1368 West Herndon Avenue,Suite 102,Fresno,California 93711,hereinafter designated and called the "Subdivider,"without regard for number or Gender. RECITALS A. The Subdivider has presented to the City a certain final map of a proposed subdivision of land owned by the Subdivider and located within the corporate limits of the City known and described as Tract No. 5265 (hereinafter referred to as the "Final Map" and incorporated into this agreement by this reference) and has requested the City to accept the dedications delineated and shown on the Final Map for the use and purposes specified thereon, and to otherwise approve the Final Map in order that the same may be recorded, as required by law. B. The City requires, as a condition precedent to the acceptance and approval of the Final Map, the dedication of such streets, highways and public places and easements as are delineated and shown on the Final Map, and deems the same as necessary for the public use, and also requires that any and all streets delineated and shown on the Final Map shall be improved by the construction and the installation of the improvements hereinafter specified. C. Section 12-1014 of the Municipal Code of the City of Fresno requires the Subdivider to enter into this Agreement with the City whereby Subdivider agrees to do, perform and complete the work and matters required as Conditions of Approval for Vesting Tentative Map No.5265/UGM r � Subdivision Agreement Tract No. 5265 Page 3 dated March 3, 2004 issued by the City and any amendments thereto(hereinafter referred to as "Conditions of Approval"and incorporated into this agreement by this reference), hereinafter set forth in detail, within the time hereinafter mentioned, in consideration of the acceptance of the offers of dedication by the City of Fresno. D. The Subdivider desires to construct the improvements and develop the subdivision. E. The Subdivider hereby warrants that any and all parties having record title interest in the Final Map which may ripen into a fee have subordinated to this instrument and that all such instruments of subordination, if any, are attached hereto and made a part of this instrument. AGREEMENT In consideration of the acceptance of the offers of dedication of the streets, highways, public ways, easements and facilities as shown and delineated on the Final Map, and in consideration of finding of substantial compliance with said Tentative Map, it is mutually agreed and understood by and between the Subdivider and the City,and the Subdivider and the City do hereby mutually agree as follows: 1. The Subdivision is subject to the following: a. The work and improvements shall be performed hereinafter specified on or before one(1)year of the date of this agreement,except as noted below. b. The Sidewalk and driveway approach construction for the interior lots of the subdivision shall be completed on or before two (2)years of the date of this agreement. C. The Street Trees required for each lot shall be planted upon occupancy of each lot. The Subdivider shall notify the Public Works Department - Construction Management Division of the planting schedules. All species of Street Trees to be planted in the subdivision shall be as approved by the City Engineer. The responsibility to provide and plant, or to inspect the required Street Tree planting, shall be in accordance with the Street Trees Subdivision Agreement Tract No. 5265 Page 4 fees paid in EXHIBIT "B," attached hereto and made a part of this Agreement. d. The Issuance of building permits for any structure within the subdivision shall conform to the requirements of the prevailing Uniform Fire Code (UFC). The Subdivider's attention is particularly called to Part III, Article 9 of UFC relating to Fire Department access and water supply. No building permit shall be issued until all Fire Department access and fire fighting water supply requirements have been met. No occupancy permit shall be issued until all Fire Department requirements foroccupancy have been met. The issuance of any occupancy permits by the City for dwellings located within said subdivision shall not be construed in any manner to constitute an acceptance and approval of any or all of the streets and improvements in the subdivision. e. No certificates of occupancy will be issued nor any human occupancy allowed for any building on any lot of the subdivision until permanent sanitary sewer and water service is determined to exist by the Director of Public Utilities Department. f. When a delay occurs due to unforeseen causes beyond the control and without the fault or negligence of the Subdivider, the time of completion may be extended for a period justified by the effect of such delay on the completion of the work. The Subdivider shall file a written request for a time extension with the Director of Public Works prior to the above noted date, who shall ascertain the facts and determine the extent of justifiable delays,if any. Extension of time for completion of improvements(including street trees planting)may be granted by the Public Works Director with an extension fee from the current Master Fee Schedule based upon the initial estimated total improvement cost. The Director of Public Works shall give the Subdivider written notice of his determination in writing,which shall be final and conclusive. 2. The work and improvements,more specifically shown on the referenced plans and made a part hereof,shall be done in accordance with the construction standards contained in the 2002 Edition of the City of Fresno Standard Specifications and Drawings(City Council Resolution No. 70-36 and Resolution No. 84-361) and any amendments thereto, (hereinafter referred to as "Public Works Standards") at the sole cost and expense of the Subdivider including all costs of r , Subdivision Agreement Tract No. 5265 Page 5 engineering, inspection and testing. 3. The work and improvements are as follows: a. Set all landmarks, monuments and lot comers required to locate land divisions shown on the Final Map. Pursuant to Section 66497 of the State Subdivision Map Act, prior to the City's final acceptance of the subdivision and release of securities, the Subdivider shall submit evidence to the City of Fresno of payment and receipt thereof by the Subdivider's engineer or surveyor for the final setting of all monuments required in the subdivision. b. All utility systems shall be installed underground. Subdivider's attention is directed to the installation of street lights in accordance with Resolution No.78-522 or any amendments or modifications which may be adopted by Council prior to the actual installation of the lights. The Subdivider shall construct a complete underground serviced street light system as approved by the City Engineer prior to final acceptance of the subdivision. Height,type,spacing,etc,of standards and luminaires shall be in accordance with Resolution Nos. 78-522 and 88-229 or any amendments or modifications which may be adopted by Council prior to the actual installation of the lights and shall be approved by the City Engineer. C. Water main extensions and services shall be provided in accordance with applicable provisions of Chapter 14, Article 1 of the Fresno Municipal Code and all applicable charges shall apply. d. Sanitary sewer extensions and services shall be provided in accordance with applicable provisions of Chapter 9, Article 5 of the Fresno Municipal Code and all applicable charges shall apply. e. Lot drainage shall be in accordance with Section 13-120.3315 of the Fresno Municipal Code. f. All "Dead-End" Streets created by this subdivision shall be barricaded in accordance with Public Works Standards within seven(7)days from the time said streets are surfaced, or as directed by the City Engineer. g. Any temporary storm water retention basins constructed or enlarged to serve this tract shall be fenced in accordance with Public Works Standards within seven (7)days from the time said basins become operational,or as directed by the City Engineer. r , Subdivision Agreement Tract No. 5265 Page 6 h. Wet-Ties shall be in accordance Sections 14-107 and 14-111 of the Fresno Municipal Code. The amounts identified below as"Wet-Tie Charges"are estimates only and serve as a deposit to cover the actual cost of construction. Should the actual construction cost be less than the deposit, the Subdivider shall be refunded the excess. Should the actual construction cost be greater than the deposit, the Subdivider shall be billed by the City of Fresno for the difference and shall be directly responsible for payment. i. The Subdivider shall install the fencing/walls, landscaping and irrigation system, in accordance with the approved improvement plans (i.e., Landscape and Irrigation Plans, Grading Plans), within the Landscape Easement area required in the Conditions of Approval and delineated on the Final Map. The Subdivider has elected to satisfy Subdivider's obligation to maintain the landscaping and irrigation systems within certain landscape easement area by agreeing to annex the Subdivision into the City's Community Facilities District No. 2 (CFD-2) and agreeing to maintain such landscaping and irrigation systems pursuant to a covenant until the Subdivision is duly annexed into the CFD-2 and such CFD-2 is responsible for the maintenance thereafter. The Subdivider shall provide each prospective purchaser, a Notice of Special Tax in accordance with the provisions of Section 53341.5 of the California Government Code. The improvement plans for such landscaping and irrigation system shall be prepared by a licensed Landscape Architect, certified irrigation designer or other persons with landscaping and irrigation design expertise acceptable to the Planning and Development Director except that improvement plans for landscape easement areas to be annexed and maintained by CFD-2 shall be as approved by the City Engineer. j. Perform and construct all work shown on the following construction plans and any amendments thereto : i. City Drawing Nos: [10-0-8643 through 10-C-8644 with Water Job No. 4987(2 sheets) inclusive, 15-C-1 1966 through 15-C-11969(4 sheets) inclusive, Street Lighting Plan Drawing No. 4-0-808 (1 sheet) inclusive], unless specifically omitted herein. Install and complete all other street improvements required by Section 12-1012 of the Fresno Municipal Code in accordance with the Public Works Standards and the construction plans. k. Prior to approval of the Final Map by the City, the Subdivider shall pay to the City and/or execute a covenant to defer certain impact fees due which are eligible to be deferred by relevant FMC provisions, the total fees and charges due as a condition of r , Subdivision Agreement Tract No. 5265 Page 7 Final Map approval. The total fees and charges are more particularly itemized and made a part of this agreement in the attached Exhibit"B." I. In connection with assigning figures set forth in Exhibits"A"and"B,"the City has made its best faith efforts at predicting the amounts to be credited as reimbursements for improvements that will benefit other properties. Because the subject improvements have not been completed at the time of execution of this agreement, the actual cost of construction is not yet known.Some degree of reasonable estimation is incorporated into the calculations.Subdivider agrees that these figures represent City's best estimates only and that they are subject to fluctuation following calculation of actual construction costs after improvement completion and acceptance. It is further subject to Subdivider's submission and City review of a financial accounting which sets forth those actual costs, and the application,by City, of all relevant Fresno Municipal Code provisions which relate to the Subdivider's payment of fees and reimbursement thereto. This would include any pertinent provisions contained within City's Master Fee Schedule which would also apply to the payment of fees or reimbursements . 4. It is agreed that the City shall inspect all work. All of the work and improvements and materials shall be done, performed and installed in strict accordance with the approved construction plans for said work on file with the City Engineer and the Public Works Standards, which said construction plans and Public Works Standards are hereby referred to and adopted and made a part of this Agreement. In case there are not any Public Works Standards for any of said work, it is agreed that the same shall be done and performed in accordance with the standards and specifications of the State of California, Division of Highways. All of said work and improvements and materials shall be done, performed and installed under the inspection of and to the satisfaction of the City Engineer. 5. Prior to the approval by the Fresno City Council of the Final Map, the Subdivider shall furnish to the City the following improvement securities in the amounts more particularly itemized in Exhibit A. Bonds shall be by one or more duly authorized corporate sureties licenced to do business in California subject to the approval of the City and on forms furnished by the City. Subdivision Agreement Tract No. 5265 Page 8 a. PERFORMANCE SECURITY. Total amount to equal to 100%of the Final Cost Estimated to be conditioned upon the faithful performance of this Agreement. i. 95% of the final Cost Estimate shall be in the forrn of a bond or irrevocable instrument of credit; and ii. 5% of the final Cost Estimate shall be in cash or a certificate of deposit. b. PAYMENT SECURITY. Total amount to equal to 50% of the Final Cost Estimated to secure payment to all contractors and subcontractors performing work on said improvements and all persons furnishing labor, materials or equipment to them for said improvements. Payment Security shall be in the forth of a bond or irrevocable instrument of credit. C. Any and all other improvement security as required by Section 12-1016 of the Fresno Municipal Code. 6. On acceptance of the required work by the City Engineer,a warranty security shall be furnished to or retained by the City, in the minimum amount identified in said Exhibit A, for guarantee and warranty of the work for a period of one(1)year following acceptance against any defective work or labor done or defective materials furnished. In accordance with Section 12-1016 of the Fresno Municipal Code, said warranty security shall be in the forth of cash or a Certificate of Deposit. The warranty security shall be returned to the Subdivider, less any amount required to be used for fulfillment of the warranty one(1) year after final acceptance of the subdivision improvement 7. This Agreement shall in no way be construed as a grant by the City of any rights to the Subdivider to trespass upon land rightfully in the possession of, or owned by, another, whether such land be privately or publicly owned. 8. The City shall not be liable to the Subdivider or to any other person, firm or Subdivision Agreement Tract No. 5265 Page 9 corporation whatsoever, for any injury or damage that may result to any person or property by or from any cause whatsoever in, on or about the subdivision of said land covered by this Agreement,or any part thereof. The Subdivider hereby releases and agrees to indemnify,defend, and save the City harmless from and against any and all injuries to and deaths of persons, and all claims,demands,costs, loss, damage and liability, howsoever same may be caused, resulting directly or indirectly from the performance of any or all work to be done in and upon the street rights-of-way in said subdivision and upon the premises adjacent thereto pursuant to this Agreement, and also from all injuries to and deaths of persons, and all claims, demands, costs, loss, damage and liability, howsoever same may be caused, either directly or indirectly made or suffered by the Subdivider, the Subdivider's agents, employees and subcontractors, while engaged in the performance of said work. The Subdivider further agrees that the use for any purpose and by any person of any and all of the streets and improvements hereinbefore specified, shall be at the sole and exclusive risk of the Subdivider at all times prior to final acceptance by the City of the completed street and other improvements thereon and therein. 9. The Subdivider shall remedy any defective work or labor or any defective materials and pay for any damage to other work resulting therefrom which shall occur within a period of one (1) year from the date of acceptance of the work. 10. The Subdivider and his subcontractors shall pay for any materials, provisions, and other supplies used in,upon,for,or about the performance of the work contracted to be done,and for any work or labor thereon of any kind, and for amounts due under the Unemployment Insurance Act of the State of California, with respect to such work or labor, and shall file with the City pursuant to Section 3800 of the Labor Code, a Certificate of Workers' Compensation and shall maintain a valid policy of Workers' Compensation Insurance for the duration of the period Subdivision Agreement Tract No. 5265 Page 10 of construction. 11. Initial soils compaction testing for public utility improvement work within the right-of-way shall be ordered by and paid for by the City of Fresno. Public utility improvements shall include street surface improvements, sanitary and storm sewers, City water facilities and irrigation lines. All other compaction testing for private utility installations shall be paid for by the Subdivider or his agent. Compaction testing performed for determination of compliance with Public Works Standards shall at all times remain under the control and direction of the City Engineer who shall determine locations and depths to be tested. Any compaction tests failing to meet the City's requirements shall be reordered by the City and paid for by the Subdivider or his agent. Billing for the private utility tests and any required retesting due to failures shall be made directly to the Subdivider or his agent. 12. The Subdivider shall comply with Street, Plumbing, Building, Electrical, Zoning Codes and any other codes of the City of Fresno. 13. It shall be the responsibility of the Subdivider to coordinate all work done by his contractors and subcontractors, such as scheduling the sequence of operations and the determination of liability if one operation delays another. In no case shall representatives of the City of Fresno be placed in the position of making decisions that are the responsibility of the Subdivider. It shall further be the responsibility of the Subdivider to give the City Engineer written notice not less than two (2)working days in advance of the actual date on which work is to be started. Failure on the part of the Subdivider to notify the City Engineer may cause delay for which the Subdivider shall be solely responsible. 14. Whenever the Subdivider varies the period during which work is carried on each day, he shall give due notice to the City Engineer so that proper inspection may be provided. If Subdivision Agreement Tract No. 5265 Page 11 Subdivider fails to duly notify City as herein required, any work done in the absence of the Engineer will be subject to rejection. The inspection of the work shall not relieve the Subdivider of any of his obligations to fulfill the Agreement as prescribed. Defective work shall be made good,and unsuitable materials may be rejected,notwithstanding the fact that such defective work and unsuitable materials have been previously overlooked by the Engineer or Inspector and accepted. 15. Any damage to the sewer system, concrete work or street paving that occurs after installation shall be made good to the satisfaction of the City Engineer by the Subdivider before release of bond, or final acceptance of completed work. 16. Adequate dust control shall be maintained by the Subdivider on all streets within and without the subdivision on which work is required to be done under this Agreement from the time work is first commenced in the subdivision until the paving of the streets is completed. "Adequate dust control"as used herein shall mean the sprinkling of the streets with water or the laying of an approved dust palliative thereon with sufficient frequency to prevent the scattering of dust by wind or the activity of vehicles and equipment onto any street area or private property adjacent to the subdivision. Whenever in the opinion of the City Engineer adequate dust control is not being maintained on any street or streets as required by this paragraph, the City Engineer shall give notice to the Subdivider to comply with the provisions of this paragraph forthwith. Such notice may be personally served upon the Subdivider or, if the Subdivider is not an individual, upon any person who has signed this Agreement on behalf of the Subdivider or, at the election of the City Engineer, such notice may be mailed to the Subdivider at his address on file with the City Engineer. If,within twenty-four(24)hours after such personal service of such notice or within Subdivision Agreement Tract No. 5265 Page 12 forty-eight(48) hours after the mailing thereof as herein provided, the Subdivider shall not have commenced to maintain adequate dust control or shall at any time thereafter fail to maintain adequate dust control, the City Engineer may,without further notice of any kind, cause any such street or streets to be sprinkled or oiled, as he may deem advisable to eliminate the scattering of dust, by equipment and personnel of City or by contract as the City Engineer shall determine, and the Subdivider agrees to pay to City forthwith, upon receipt of billing therefor, the entire cost to City of such sprinkling or treated. When the surfacing on any existing street is disturbed, this surfacing shall be replaced with temporary or permanent surfacing within fourteen (14) calendar days,and the roadway shall be maintained in a safe and passable condition at all times between the commencement and final completion, and adequate dust control shall be maintained during these operations. 17. Concrete curbs and gutters, the sanitary sewer system and house connections, together with water mains, gas mains, and their respective service connections, shall be completed in the streets and alleys before starting the street and alley surfacing. 18. Time is of the essence of this Agreement,and the same shall bind and inure to the benefit of the parties hereto, their successors and assigns. 19. No assignment of this Agreement or of any duty or obligation of performance hereunder shall be made in whole or in part by the Subdivider without the written consent of City. tttt Subdivision Agreement Tract No. 5265 Page 13 The parties have executed this Agreement on the day and year first above written. CITY OF FRESNO, SUBDIVIDER a Municipal Corporation CONCORD DEVELOPMENT CO. LLC DAVID D. HEALEY, Director a California Limited Liability Company PUBLIC WORKS DEPARTMENT • By: Ali g addam, General Partner ATTEST: r By: d A REBECCA E. KLISCH, CMC Alireza Najjara , eneral Partner CITY CLERK ByQ. 1 0 Deputy 1368 West Hemdon Avenue, suite#102 Fresno, CA 93711 APPROVED AS TO FORM: (Attach Notary Acknowledgment) HILDA CANTO MONTOY City Attorney By: 4z��--' Deputy JB+AK 01-11-05 NOTARY ACKNOWLEDGMENT STATE OF CALIFORNIA }ss COUNTY OF FRESNO } On January 25, 2005 , before me, Teresa Bowland , a Notary Public in and for said State, personally appeared All Alavl Moghaddam and Allreza Najjaran, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) istare 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. WITNESS my hand and official seal. Signature TIXSA BM AND COMM�ar�aw.#c1295cn�797aa � F�ESIID COOKY Ctsnm E*m Mv.2,2005 (This area for official notarial seal) OPTIONAL: DESCRIPTION OF ATTACHED DOCUMENT NOTARY2.130T(Rev 3/95) Tract No. 5265/UGM P.W. File No. 10689 SUBORDINATION The undersigned as holder of the beneficial interest in and under that certain Deed of Trust recorded on February 10. 2004 , in the office of the Fresno County Recorder, as Document No. 20040030541 of which the Deed of Trust in, by and between Concord Development Co. LLC. a California Limited Liability Company , as Trustor, First American Title Company , as Trustee and Housing Capital Company, a Minnesota Partnership , Beneficiary, hereby expressly subordinates said Deed of Trust and its beneficial interest thereto to the foregoing Subdivision Agreement for the Final Map of Tract No. 5265. DATED: ;z �8 �eS —' 20 TRUSTEE or BENEFICIARY By: By: (veru (Trustee/Beneficiary to print/type Name and Title; and attach Notary Acknowledgment) CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT STATE OF California )SS COUNTY OF FRESNO ) On February 8,2006 before me, Allison L. Moore personally appeared Geraud Smith personally known to me (or 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. WITNESS my official se ALLISON L. MOORE COMM. #1523741 Signature it ' NO PUBLIC•CALIFORNIA �- FRESNO COUNTY M w Nov,2,2008 This area for official notarial seal. OPTIONAL SECTION CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below,doing so may prove invaluable to persons relying on the documents. ❑ INDMDUAL ❑X CORPORATE OFFICER(S) TITLE(S)Vice-President F-] PARTNER(S) ❑ LIMITED ❑ GENERAL F-] ATTORNEY-IN-FACT F-] TRUSTEE(S) �] GUARDIAN/CONSERVATOR �] OTHER SIGNER IS REPRESENTING: Housing Capital Corporation Name of Person or Entity Name of Person or Entity OPTIONAL SECTION Though the data requested here is not required by law, it could prevent fraudulent reattachment of this form. THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TIRE OR TYPE OF DOCUMENT: NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE Reproduced by Fkst Anmican Title Insurance 1/2001 EXHIBIT A Subdivision Agreement for Tract 5265 A. APPROVED PUBLIC IMPROVEMENT CONSTRUCTION COST ESTIMATES Water System Construction Cost Estimate $11,436 Well Construction Cost Estimate $0 Sewer System Construction Cost Estimate $15,408 Street Construction Cost Estimate $101,954 Final Cost Estimate(for Inspection Fee purposes) $128,798 30 Landmarks, Monuments, Lot& Block Corners($50/ea) $1,500 Sub-Total (for bonding purposes) $130,298 Construction Contingency(10%) $13,030 TOTAL COST ESTIMATE* (for improvement securities purposes) $143,328 $143,000 *All amounts rounded to nearest$1000 B. IMPROVEMENT SECURITY REQUIREMENTS(due with subdivision agreement) Performance Security (100%of Total Cost Estimate) 95%of amount shall be in the form of a bond by duly authorized corporate sureties or irrevocable letter of credit $136,000 5%of amount shall be in cash or a Certificate of Deposit 1 $7,000 Payment Security (50%of Total Cost Estimate) 100%of amount shall be in the form of a bond by duly authorized corporate sureties or irrevocable letter of credit $71,500 Faithful Performance Security to Guarantee Completion of Plans Street Plans $0 Utility Plans(Sewer.Water, Storm Water) $0 Street Light Plans $0 Landscaping/Irrigation/Walls $0 100%of amount shall be in cash or a Certificate of Deposit $0 C. WARRANTY SECURITY REQUIREMENT*(due as condition of acceptance of the work) 5%of first$50,000 of the Total Cost Estimate $3,000 3% of next$50,000 $2,000 1% of next$400,000 $0 0.5%of amount over$500,000 $0 Minimum amount $5,000 EXHIBIT A v4/28/00 Prepared By: Frank Date: 01/11/05 Print Date:01/11/05 9:59:41 AM Page 1 of 1 EXHIBIT B Subdivision Agreement for T- 5265 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED A. MISCELLANEOUS FEES&CHARGES 1. INSPECTION FEE $128 798 Final Cost Estimate>$10K<$500K $8,696.94 ($4836+3.25%of amount over$1 OK) Less Inspection Fees paid with Early Sewer/Water Construction Agreement Less Inspection Fees paid with Early Street Construction Agreement Inspection Fee 1 $8&96.941 $8,696.94 2. MONUMENT CHECK FEE U Lots and Outlots @ $30.00 per Lot 70. 0 $270.00 (Min$200) 3. STREET SIGNS Street Name Sign sets @ $173.00 per set $173.00 $173.00 Warning/Regulatory signs @ $77.00 sign $77.00 $77.00 4. STREET TREES City installed(15-gallon)Street Trees @ $129.00 per Tree na na 16 Inspection Fee(when planted by subdivider) @ $30.00 per Tree $480.00 $480.00 Trees by Covenant(Resolution 98-129;2 trees/Lot fronting 50'streets) 5. STAMPED CONCRETE STREET PAVING MAINTENANCE For the continued maintenance& 0 replacement of Stamped Concrete Paving @ $20.00 per SF na na 6. STREET RIGHTS OF WAY ACQUISITIONICONSTRUCTION CHARGE per FMC 11-2260(6 Lum Sum Charge as established by Public Works Director na na 7. LANDSCAPE MAINTENANCE DISTRICT FEES(CFD-2) OLots(anticipated maintenance cost) @ $1 295.78 per Lot $11,662.02 Lum Sum Other maintained features $2,183.75 Incidental expenses: legal fees,publications,mailings, Lum Sum engineering,assessment district proceedings $3,300.00 Lum Sum Landscape area Field Inspection Fee-Parks @ $305.00 LS $305.00 Total F 17,450.77 $17,450.77 $1 590.00 Estimated assessment per Lot(information only) S. IRRIGATION PIPELINE(one-time maintenance fee) r�Lineal Feet @ $5.00 per LF na na 9. URBAN RESERVE 41 CORRIDOR NEXUS STUDY CONTRIBUTION Freewa 41/Friant Road/Herndon Corridor 0.0000 Adjusted Gross Acres @ $250.00 per AG Ac $0.00 $0.00 TOTAL MISCELLANEOUS FEES&CHARGES $27,147.71 $27,147.71 EXHIBIT B vt 1/01/01 Printed 02/28/05 12:01:11 PM Page 1 of 4 EXHIBIT B Subdivision Agreement for T- 5265 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED B. IMPACT FEES,CONSTRUCTION CREDITS&FEES TO BE DEFERRED [Au Gross Acres Adjusted Gross Acres(AG Ac); excludes Area of Arterial&Collector Streets Units(residential) Zoning Input"ugm"if within the Urban Growth Management Area or"no" 1. LOCAL DRAINAGE FEES DE-1 FMFCD Drainage Area 5.5086 Acres per FMFCD @ $5,870 per Acre 32 335.001 $32,335.00 Z. SEWER CONNECTION CHARGES (a)Lateral Sewer Charge 37 800 SF; sub-total Lateral Sewer Charge @ $0.10 per SF $3 780.00 Less estimated Lateral Sewer Charge Credits $0.00 Lateral Sewer Charge 3,780.00 $0.00 $3,780.001 (b)Oversize Sewer Charge 43 UGM Reimbursement Area 37,800 SF;sub-total Oversize Sewer Charge @ $0.05 per SF $1 890.00 Less estimated Oversize Credits Less estimated Overdepth Credits Oversize Sewer Charge 1,890.00 $0.00 $1,890,001 (c)Trunk Sewer Charge Herndon Trunk Sewer Service Area 9 Units @ $496.00 per Unit 4 464.00 $4,464.00 (d)Wastewater Facilities Charge Fee to be paid at the rate in effect at time of issuance of building permit.The fee rate currently in effect is$2,119 per Unit(FMC 9-503-b) (e) Sewer Capachy Enhancement Charge Herndon Trunk Sewer Service Area 9 Units @ $874.00 per Unit $7,866.00 $7,866.2J0 Copper Avenue Sewer Lift Station Benefit Service Area Charge 0 Units @ $650.00 per Unit na na ( Fowler Trunk Sewer Interim Fee Surety 0 Units @ $1,000.00 per Unit na na Payable at the rate in effect at time of issuance of Certificate of Occupancy.The fee rate currently in effect is$1000 per Living Unit or Living Unit Equivlent. EXHIBIT B v11/01/01 Printed 02/28/05 12:01:11 PM Page 2 of 4 f EXHIBIT B Subdivision Agreement for T- 5265 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED 3. WATER CONNECTION CHARGES (a)Time$Material Charges("Wet-Tie") 2004 0719 lEstimateNumber 4987 Water Job Number Estimated Deposit(FMC 14-111-f) 3,800.00 $3,800.00 (b1)Service Connection Charges 9 1-1/2"Meters to existing services @ $455.00 each 4,095.00 $0.00 $4 095.00 (b2)Landsca a Service Connection Charges 1 2"Meters to existing services @ $530.00 each 530.00 $530.00 (c)Frontage Charge 378 LF; sub-total Frontage Charge(full rate) @ $6.50 per LF $2,457.00 Less estimated Frontage Charge Credits Frontage Charge 2 457.0 so.001 1 $2,457.00 (d)Transmission Grid Main Charge A UGM Reimbursement Area 5.5000 Gross Acres @ $643.00 per Gr Acre $3,536.50 Less Estimated TGM Construction Credits $0.00 Transmission Grid Main Charge 3 536.50 $0.00 $3 536.50 (e)Transmission Grid Main Bond Debt Service Charge 5.5000 Gross Acres @ $243.00 per Gr Acre $1,336.50 Less Estimated TGM Bond Debt Service Charge Credits Transmission Grid Main Bond Debt Service Charge 1,3 6. 0 $0.001 1 $1,336.50 M UGM Water Supply Fee 101s I Supply Well Service Area 9 Living Units(residential) @ $456.00 per Unit $4,104.00 Less Estimated UGM Water Supply Fee Construction Credits UGM Water Supply Fee 4,104.00 $4,104.00 ( Well Head Treatment Fee 101 Well Head Treatment Service Area 9 Living Units(residential) @ $0.00 per Unit $0.00 $0.00 (h Rechar a Fee 101 Recharge Service Area 91 Living Units(residential) @ $0.00 per Unit $0.00 $0.00 (i)1994 Bond Debt Service Fee 101 1994 Bond Debt Service Fee Service Area 9 1 Living Units(residential) @ $895.00 per Unit $8,055.00 Less Estimated 1994 Bond Debt Service Fee Construction Credits $0.00 1994 Bond Debt Service Fee 8 055.00 $0.00 $8,055-0-01 EXHIBIT B v11/01/01 Printed 02/28/05 12:01:11 PM Page 3 of 4 EXHIBIT B Subdivision Agreement for T- 5265 NET AMOUNT AMOUNT EXTENSION DUE DEFERRED 4. URBAN GROWTH MANAGEMENT(UGM)FEES&CONSTRUCTION CREDITS (a)UGM FIRE STATION FEE 21 Fire Station Service Area 5.5000 Gross Acres @ $370.00 per Gr Acre $2 035.00 $0.00 $2 035.00 (b UGNEIGHBORHOOD PARK FEE 7 Neighborhood Park Service Area 5.5000 Gross Acres @ $980.00 per Gr Acre $5 390.00 $0.00 $5 390.00 (c)UGM MAJOR STREET CHARGE F Major Street Zone 5.0230 Adjusted Gross Acres @ $3,625.00 per AG Ac $18,208.38 Less Estimated Major Street Charge Construction Credits Major Street Charge 18 208.38 $0.00 $18,208.38 (d UGM MAJOR STREET BRIDGE CHARGE F Major Street Bridge Zone 5.0230 Adjusted Gross Acres @ $72.00 per AG Ac $361.66 Less Estimated Major Street Bridge Charge Construction Credits Major Street Bridge Charge 3 1.66 $0.00 1 $361.66 (e)TRAFFIC SIGNAL CHARGE 9 Living Units(residential) @ $414.69 per Unit $3,732.21 Less Estimated Traffic Signal Charge Construction Credits Traffic Signal Charge 3,7 2.2 $0.00 $3,732.21 ( UGM GRADE SEPARATION CHARGE Grade Separation Service Area 5.0230 Adjusted Gross Acres @ $0.00 per AG Ac na ( UGM TRUNK SEWER FEE Hemdon Trunk Sewer Service Area 5.0230 Adjusted Gross Acres @ $0.00 per AG Ac na (h)OVERLAY SEWER SERVICE AREA Millbrook Overlay Service Area 5.0230 1 Adjusted Gross Acres @ $0.00 per AG Ac na 5. POLICE SUBSTATION FEE Informational Only This Fee Due With Issuance of Building Permits Northeast Fresno Service Area Residential Living Units @ $85.00 per Unit Total Impact Fees&Charges $75,641.25 $53,099.00 $54,877.25 Note: EXTENSION total includes net results of construction credits SUMMARY TOTAL(A) MISCELLANEOUS FEES&CHARGES $27,147.71 TOTAL(B) IMPACT FEES&CHARGES $53,099.00 $54,877.25 TOTAL SUBDIVISION FEES and CHARGES DUE WITH AGREEMENT cash $80,246.71 EXHIBIT B v11/01101 Printed 02/28/05 12:01:11 PM Page 4 of 4 r Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Elizabeth Ponce - Public Works Department X CD Passbook Other Deposited At: California Bank Trust, 7060 N. Fresno St., Fresno, CA 93711 Certificate/Acct. No: 1340013443 Deposit Amount: $7,000.00 Maturity Date: 02/04/06 Depositor: Name: Concord Development Co., LLC Address: 1368 W. Herndon Ave., Suite 102, Fresno, CA 93711 Street City/State Zip Job Address: T5265 2, Received By: Elizabeth Pehce, Public Works Date: March 1, 2005 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip j, i�r y'}11� },. '•;,'r ._� ,k^A'*" ., 1 w� ' IF•'tJ��' `"" �� ,FN• "y� ,!T ,r, 00044i"i `!Y '+Y. 4r' ':► 1�r; t; 4ti?k }.:<{y. is »' . �'Y ;mow '•!�' rf): ..,,. Z ��. j ,: tl.w f t 1 k'.f , y... 1t 9 ,• w, d •��Y j � ��i Xf tv Z .�� � `j*1.i..��,.�h�:�� ��J��r�,�,;���'va; � k, �. ` J,.�. '{,A' y,i ComrYjerrits. ,; �; w = .,. �,�,,;, �„,, k'. � ✓�}•,.nw. ' ' ' i : .,�� �; ^r r•. f •v 2�+,. 1?; f 1 Account plumber: 1340013443 Security Amount: $7,000.00 ASSIGNMENT (Subdivision Agreement) SECURITY FOR: Concord Development Co. , LLC hereinafter called ASSIGNOR, whose principal place of business is 1368 W. Herndon Ave. , Suite 102, Fresno, CA 93711 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 Certificate of Dep-in the amount of $ 7,000.00 number 1340013443 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 No. 5265___ 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 _�' day of Qb0)j&,td 20D me & Title of Assignor Ali Alavi Mo haddam General Partr RECEIPT FOR NOTICE:.OF''AS:SIGNMENT 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 day o � , 20QI:C California Rank & Trust 7060 N Fresno St Fresno, CA Bank Name Branch Location City State By . . P -Title of Of;ricef f i Assignment Form Page 2 Tract No. 5265 RECEIPT FOR CERTIFICATE OR SHARE(S) AND;: DIRECTION, TO PAY':EARNINGS . Receipt is acknowledged of the above assignment and the Certificate of Share(s) identified in the above assignment. The bank named in the above assignment is hereby authorized and directed to pay any earnings on the above-identified account to the above-named assignor until otherwise notified in writing by the Piihi vic t'7orks DPr,)a3_ nt of the City of Fresno. Dated this 1 day of 14arch _' 20 05 By ut prized Officer or Employee Jo Elam, Assistant Director 559-621-8650 Telephone Number For any question concerning this assignment transaction, please call upon the office of , the appropriate officer shown herein. ' PAYMENT OF FUNDS AND RELEASEO.F-.ASSIGNMEN"� , The City of Fresno hereby requests payment to be made to the City of Fresno in the amount of $ from withdrawal of funds in that amount from the Deposit Account identified in the above Assignment. Upon payment of such amount to the City, the City authorizes to release to Assignor all. funds in the Deposit Account in excess of $ and relinquishes all further right, title and interest of whatever nature in the Deposit Account. Dated , 20 By Authorized Officer or Employee BJW:biw ■ AlHdd UHIHl � oho 41 ¢ 2zom it p w aoW W� O JZ 2 N¢ W W N O O 11 •p jam? � ¢. N O ¢O W O w_ W O 2¢N z - N Q O Y. r x¢¢ Q x~O� ��'+, CO N mW J Y Q O Jp¢N � N W Q z N p ¢ J C]3 t• ¢ H Z O z 2 O z xio C ¢ z x¢ H p �t O Q=Q jwmw Z w _ rX H , Fy O ONO Q3¢ywd :> OQ V U H z a w S LL H w 2e w a s .•� wzS /¢ y Pm 0, UUV O~ W O 1 N z W O LL O O J O Q Q m zQ zo~rz .. .; Io+i n _ W d z X¢W•ffpbi CQO J R om U cc z Y •epy¢ aaNmQ z <--Z o>pw Y Q Q y W O _Z- z m Z io Q 7 ~ x W W Q W Q> ¢ ¢W m UOh- H �O x0 � O U¢ Wp Qa 30H� yQ>x-Op W y z w¢Q - mcF,o 00 LL¢ W zQz W w i ¢>z U J y O Q I .. O a J Z I w Q cwior -_Ocx.>w Nt I OW yz W¢ —"< �i w � J � 1. O W Hyy� a?Q 25 a Q W Ncc m W J m W y W O 0 U oax¢zooCC� O y¢ W y¢¢ 0 0 0>2 y U H CC w p O H W U mc i NO3HO Ol 103f ens ION 31VOIJUM30 AlHVCj C3MIH.L Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Elizabeth Ponce - Public Works Department CD Passbook Other Faithful Performance Bond Deposited At:International Fidelity Insurance Co., 1575 Treat Blvd., Ste 208 Walnut Creek, CA 94598 Certificate/Acct. No: 0394939 Deposit Amount: $136,000.00 Maturity Date: Depositor: Name: Concord Development Co., LLC Address: 1368 W. Herndon Ave., Suite 102, Fresno, CA 93711 Street City/State Zip Job Address: T5265 Received By: Elizabeth P-Ae, Public Works Date: March 1, 2005 12 Authorization to Release Signature Date Release To: Name: Address: Street city/state Zip f* �s�Yq' •h =4 , : Name ,F•' �' .�z; � Y ,� ', ':, s, ' r � as� { Iwi a ' ';oak •t u? r Y �'' t. �{ •p > �: %�s4��i_�}([•17 �Q� ;y,. r h�� .,r� �y< +l. n • i• �ay�► :c r�Y^�t 3 �[v.nat,y¢ .• N8fl'1e, .•t�,,� `y4 'F f.�ts � ;� �.. "'i.sr�K� 'T._;� '�C` ;t:� 3 �+4.Y. rr'��� �r� �. .� •;_err �M�•` r' "f`r .�. .�• '4 '�f Ype Qf,Reiease aelcrwede recei ��oy�`��, t�e abv�e,re#erenc f:'l�Av Li yr ��YV J�+,'31•'ib"sTl� y~{yys� � 3A ♦ J�' ,� wZ.``4'�iy(.` 1..fj{4f M•;al` ;'- _ I��tq�'e,. tit 'f`. 1 C��:"7j�t nv�'�uff. � t-' '• :� ,v i :ESFF• x ,,��II r ;CE?�1TY@ntS �t a y + ,,�►,,y, r,ti�+ Y �4ti... t ., '_•is i f r. 1. Bond Number. 0394939 Premium: $2,720.00 FAITHFUL PERFORMANCE BOND (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and Concord Development Co., LLC (herein designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 , and identified as project Final Map of Tract No. 5265 , is hereby referred to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and International Fidelity Insurance Company , as surety, are held and firmly bound unto the City of Fresno, (hereinafter called "City"), in the penal sum of One Hundred Thirty Six Thousand and 00/1 WIlars ($ 136,000.00 ) lawful money of the United States, for the payment of which sum well and truly 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 it's 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 the 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 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 judgement 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. Faithful Performance Bond (Subdivision Agreement) Page 2 In witness whereof, this instrument has been duly executed by the principal and surety above named, on February 3 , 20 05 International delity Insur nce Company BI AAy: John C. ay, ttorney-I act By: Principal Concord Development Co., LLC Address of Surety 1575 Treat Blvd., Suite 208 By: _ Walnut Creek, CA 94598 By: 925.256.8760 Telephone 925.256.1080 Fax Surety Acknowledgment by attomey-in-fact must be attached. BONDFORM.DOC Revised 08/04104 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No. 5907 State of CALIFORNIA County of FRESNO On FEBRUARY3, 2005 before me, WENDYL. TOBL4S,A NOTARY PUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared JOHN C. DAY(Name(s)of signer(s) ® personally known to me - OR- ❑ 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or COMM.#1331442 ; the entity upon behalf of which the person(s) c7 NOTARY PUBLIC-CALIFORNIA ~ FRESNO COUNTY ~ acted, executed the instrument. a My Comm.Expires Nov.22,2005 P - WITNESS my hand and official seal. A P7 lit SIGNATLVE OFNOTARY k 5' :.i:•� �,� ,` �a, OP. toNAL ' �-... ,Y :i} y �F 4' t+'ti.'�Y_,i -f7"yY•i ,' L 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY3, 2005 before me, WEND YL. TOBIAS,A NOTARYPUBLIC(name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared ALI A. MOGIIADDAM(Name(s)of Signer(s) ❑ personally known to me - OR- ® 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or " COMM.#1331442 ; the entity upon behalf of which the person(s) a QNOTARY PUBLIC CALIFORNIA acted, executed the instrument. ® P FRESNO COUNTY 'FSR My Comm.Expires Nov.22,2005 WITNESS my hand and official seal. SIGNATURE OF NOTARY ',`T.y„xr�r ,,�4�.C'a y�al,.►` 4��.<�'Flitti!'i 1T'y.t.�:= �.. �OP:�10[VAI�?�.��.� {r�i1(� .t,'�.7�r� � w��P����� ! F... 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT ®7993 NATIONAL NOTARY ASSOC IATION•8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY3, 2005 before me, WENDYL. TOBL4S,A NOTARYPUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared ALIREZA NAJJARAN(Name(s)of signer(s) ❑ personally known to me - OR- ® 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 @,My WENDY L.TOBIAS the entity upon behalf of which the person(s) COMM.#13314420NOTARY PUBLIC-CALIFORNIA acted, executed the instrument. FRESNO COUNTY Comm.Expires Nov.22,2005 WITNESS my hand and official seal. 0 SI NA RE OF N TAR 1f r x kk>PTIONAE:Y. 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Tel(973)624-7200 POWER OF ATTORNEY INTERNATIONAL FIDELITY INSURANCE COMPANY HOME OFFICE: ONE NEWARK CENTER,20TH FLOOR NEWARK, NEW JERSEY 07102-5207 KNOW ALL MEN BY THESE PRESENTS:->That INTERNATIONAL FIDELITY INSURANCE COMRANY :a corporation organized and existing taws of the State of New Jersey,and having its principal office in the City of Newark.New Jersey,does hereby constitute mid appoint WEMY L TOBIAS, STEVEN; P. EDWARDS,: JOHN C. DAY, 3AAUNA.::LUCBR0 Fresno, CA. its true and lawful attorney(s):m=fact to execute,seal and deliver for.and on its behalf as surety,,anyy and all bonds and undertakings,contracts of indemnity and other writings obligatory,in the nature thereof,which are or tray be allowed,required or rmitted.by Iaw,statute,rite,regulation,contract or otherwise;and the execution of such mstrument(s) in.pursuance of these presents, shall be as binding upon the said.,INTERNATIONAL FIDELITY INSURANCE COMPANY, as fully and amply, w all intents and,purposes as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorne�yy is executed,and may be revoked,pursuant to and by authority of Article 3-Section 3,of the B -Laws adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President,Executive Vice President,Secretary or Assistant Secretary,.shall have power and authority (1)To appoint Attorneys-in-fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company thereto,bonds and undertakings,contracts of indemnity and other writings obligatory in the nature thereof and, - (2)To remove,at any time,any such attorney-in-fact and revoke the authority given. Further;this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982.of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any..such power of attorney or any certificate relating thereto by facsimile,and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures.and facsimile seat shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. QE`�TY//`/�. IN TESTIMONY WHEREOF,INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer,this 31st day of August,A.D. 1998. OSP Ol �y INTERNATIONAL FIDELITY INSURANCE CO cm c' SEAL ' L 1904 A STATE OF NEW JERSEY c p County of Essex 1l{ry Vice-Pr ident On'this'-31st day of August 1998, before me came the individual who executed the�preceding instrument,to me personally known, and, being by me duly sworn,said.the he is the therein described and authorized officer of the INTERNATIONAL:FIDELITY INSURANCE COMPANY;that the seal affixed to said instrument is the Corporate Seal of said Company;that the said the. Seal and his.signature were duly affixed by;order of the Board of Directors of . said Company. IN TESTIMONY WHEREOF,I have hereunto set my hand affixed my Official Seal at the City of Newark,New Jersey the day and year fust above written. 0 NOTARY � PUBLIC y JEAs� .A NOTARY PUBLIC OF NEW JERSEY CERTIFICATION My Commission Expires Nov.21,2005 I,the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do:hereby certify tharI have compared the foregoing copy of the Power of Attorney and affidavit,and the copy of the Section,of the By-Laws of said Company as set forth in.said Power of Attomey,with the ORIGINALs O.N.M. IN;THE HOME OFFICE OF SAID COMPANY And that the same are correct transcripts thereof.:and of the whale:of the:said:originals,.acid that the said>Power ` of Attorney has:not been revoked and is now in full force and effect IN TESTIMONY WHEREOF,I have hereunto set my hand this 3rd day of-February, 2005. - Assistant Secretary Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Elizabeth Ponce - Public Works Department CD Passbook Other Subdivider's Payment Bond Deposited At:lnternational Fidelity Insurance Co., 1575 Treat Blvd., Ste 208 Walnut Creek, CA 94598 Certificate/Acct. No: 0394939 Deposit Amount: $71,500.00 Maturity Date: Depositor: Name: Concord Development Co., LLC Address: 1368 W. Herndon Ave., Suite 102, Fresno, CA 93711 Street City/State Zip Job Address: T5265 Received By: Elizab "nce, Public Works Date: March 1, 2005 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip Jti.�` •y {1 v ' � � ,t}.. p, �� C ' ��Y, '1w .r j� ,fix^ ; .,•. .� j L;.y,{t ':'' ( ,1� YrY;� y'"' YS 9'Y'!�'�t( !'``�(, � ,e' � Xti7r►'' l t. 7� }�"l. ,.� r i h� }�C'�`y' �y� �'�,'�",l'•+�.. YYfi� ,'sY��Yr''�r' +. !"�� i t ' r �`-�"'`�'�.X� GING@p��-.!"n J• � '•,�A�',�,� h'Yr, t A r t� ti. �. y y. { `j0��{ '`hxa �ili'x�i.!� ',�. t,^4 r�;.r„y;,;� �. ! ,, •s'•' c - 'r '�. ` ;#`. p/�a• ;�vt�.t.q."r�{ �y �„dr• ,.�. '�"�i: ,� '�r S Y 3• t e1QA�. �By. '•�Y'.'.l i' � is '.r. 1t Y '!� •-E3.a r}�7'V`�^�� CM 'I13•!`Y` �R:�' , , �•r� e.i 3 peaQR$IeagQ ,tt, ,1 � �� , ts, w �Ty .47 {� .� ✓�. -;,�I. .,•e.�j@�y� ��+j! ,y.y'+, c. " ...'}�+E ; ��{ gwle�ge recelo of The TefeKe �c JJ,rJt •Y ,rtr�y •`� n L..� H .M 4 ��,�• , .�� p��. .. cs ) 3f •., fk+., F H;ti �I !�R ' :I�i r �y,� y`�.+J4 �+ �'v v... .y;• ;,�t rti 7' •�. 1:�`i;��,,!' r'To K ♦x' Y t4 r"". ' f * ... tl ti'Y 1`r �,�(, v � .�•S".Y.! a ,�• i <'• *�jY�i ,� !'{ `j1'i .s�]•9nit�ure'�� _ •�.Sr �: Y.i �• 9t � 7� ei.• Il��;.,a .'i`j'�� �• ?y�'.'.�+,"' �Y t;� '••..,.��' a {pint r�r W11l$. r�� a* i.. 'r t. �' + �., rtL � .t• i, '• F, r."nS ,y..lt ft'`'� ,'�r..1''S� ``y'r;+✓:a .Y�:�."0�..:.�ii: .. �.� Bond Number: 0394939 Premium: Included in Performance Bond SUBDIVIDER'S PAYMENT .BOND= '` (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and Concord Development Co., LLC (hereinafter designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements,which said agreement,dated ,20 , and identified as project Final Map of Tract No. 5265 , is hereby referred to and made a part hereof; and, WHEREAS, under the terms of said agreement, principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno to secure the claims to which reference is made in Title 15(commencing with Section 3082)of Part 4 of Division 3 of the Civil Code of the State of California. NOW, THEREFORE, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Fresno and all contractors, subcontractors, laborers, material men and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Code of Civil Procedure in the sum of seventy one Thousand Five Hundred and 00 Elam($ 71 500.00 ) for materials furnished or labor thereon of any kind,or for amounts due the Unemployment Insurance Act with respect to such work or labor,that said surety will pay the same in an amount not exceeding the amount herein above set forth,and also in case suit is brought upon this bond,will pay, in addition to the face amount thereof, costs and reasonable attorney's fees, incurred by City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgement 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 said 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. Subdivider's Payment Bond (Subdivision Agreement) Page 2 In witness whereof,this instrument has been duly executed by the principal and surety above named, on February 3 2005 Internatio aI Fidelity surance Company By: 1, JALa ,Attorneyl(-�Fj By: Principal Concord Development Co., LLC Address of Surety 1575 Treat Blvd.,Suite 208 By. Walnut Creek, CA 94598 By:_ 925.256.8760 Telephone 925.256.1080 Fax Surety Acknowledgment by attorney-in4act must be attached. BONDFORM.DOC Revised 08/04104 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY 3, 2005 before me, WENDYL. TOBIAS,A NOTARY PUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared JOHN C. DAY(Name(s)of signer(s) ® personally known to me - OR- ❑ 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or @,My COMM.#1331442 ; the entity upon behalf of which the person(s) NOTARY PUBLIC-CALIFORNIA FRESNO COUNTY acted' executed the instrument. Comm.Expires Nov.22,2005 WITNESS my hand and official seal. SIGNAT OF NOTARY •t � L.. b �• i 14 •i t"d�' J'�bka�+j ,"ir ' r .40 Jp NAS` 9I' �si.'. K �3'. "`• ° I= 77�-.' .iiti . 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNL4 County of FRESNO On FEBR UAR Y 3, 2005 before me, WEND L. TOBL4S,A NOTARY PUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appearedALIA. MOGHADDAM(Name(s)of Signer(s) ❑personally known to me - OR- ® 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or .�@MY COMM.#1331442 �, the entity upon behalf of which the person(s) NOTARY PUBLIC-CALIFORNIA '— I-- FRESNO COUNTY acted, executed the instrument. Comm.Expires Nov.22,2005 WITNESS my hand and official seal. SIGNAT17RE OF NOTARY .. �1?4•..,._t,jt u� '1+ !. C- M ORTIONAU �;�.Vii.♦~r 'yi.`�f.'yi . ^i� 11f.'Y k•+ � j�" "' J,. 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIAT10N•8236 Remmet Ave.,P.0.Box 7184•Canoga Park CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNL4 County of FRESNO On FEBR UARY 3, 2005 before me, BENDY L. TOBL4S,A NOTARY PUBLIC(Name,Title of Officer,eg., ")ane Doe,Notary Public") personally appearedALIREZA NAJJARAN(Name(s)of signer(s) ❑ personally known to me - OR- ® 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 7WENDY L.TOBIAS signature(s) on the instrument the person(s), or COMM. #1331442 the entity upon behalf of which the person(s) 04 NOTARY PUB FRESNLIC O COUNTY CALIFORNIA acted executed the instrument. F a' My Comm.Expires Nov.22,2005 WITNESS my hand and official seal. SIGNAT RE OF NOTARY t 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Tel(973)624-no0 POWER OF ATTORNEY INTERNATIONAL FIDELITY INSURANCE COMPANY HOME OFFICE:ONE NEWARK CENTER,20TH FLOOR NEWARK,NEW JERSEY 07102-5207 KNOW ALL MEN BY THESE PRESENTS:< That INTERNATIONAL FIDELITY INSURANCE:COMPANY, a corporation organized and existing laws of the State of New Jersey,and having its.principat office in the City of Newark:New Jersey,does hereby constitute and appoint WENDY L. :TOBIAS, S.TEVEN ':P. EDWARDS., JOHN C,. DAY, SHAMA LUCERO Fresno, CA, its true and lawful attorney(s)4n-fact to execute,seal and deliver for and on its behalf as surety,an and all bonds and undertakings,contracts of indemnity and other writings obligatory to the nature thereof,which are or may be allowed,required or permitted by law,statute,rule,re�g�utilation,contract or otherwise,and the cue exetion of such mstrument(s) in pursuance of these;presents, shall be as binding upon the said IN'I,'ERNAI IPNAL FIDELITY INSURANCE COMPANY, as fully and imply, to all intents and purposes; as tf the same had been duly executed and acknowledged by its regularly elected'officers at its principal office. This Power of Attorne is executed,and may revoked,pursuant to and by authority of Article 3-Section 3,of the B -Laws ado ted by the Board.of yy yy y pp ;.. Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President,Executive Vice President,Secretary or Assistant Secretary„shall have power and authority (1)To appoint Attorneys-in-fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company thereto,bonds and undertakings,contracts of indemnity arid.other writings obligatory in the nature thereof and, (2).To remove,at any time,any such attorney-in-fact and revoke the authority given. Further,this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt. Now therefore the signatures of such officers and the seal of the Company tnay be affixed to any such power of attorney or any certificate relating thereto by facsimile,and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power o executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. OE,`ITY/�/�. IN TESTIMONY WHEREOF,INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer,this 31st day of August,A.D. 1998. �r OSP 0.w!' �Z INTERNATIONAL FIDELITY INSURANCE CO SEAL � r y 1904 STATE OF NEW JERSEY County.of Essex Vice-Pr ident On this 31st day of August 1998, before the came the individual who executed the .:recedin uisuument, to me rsonally known, and, being by me duly sworn,said the he is the therein described and authorized officer of the INTERNATIONAL�ELITY INSURANCE COMPANY;that the seal affixed to said instrument is the Corporate Seal of said Company;that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. MA R Q� IN TESTIMONY WHEREOF,I have hereunto set my hand affixed my.Official Seal, ��P at the City of New, New Jersey the day and year fust above written. NOTARY O PUBL:IG . �k �k 1' j .::.A:NOTARY PUBLIC OF NEW JERSEY CERTIFICATION My Commission Expires Nov.21;.2005 I,the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do hereby wertify that I have compared the foregoing copy of the Power of Attorney and'affidavit,and the copy of the Section:of the By.1aws of said Company a5 set Nrthb said Power of Attorney,with the ORIGINALS ON IN:THE HOME OFFICE OF:SAID COMPANY an that tie same are correct<transcripts thereof;;,and of tfe wbole of the said originals,and that the saidPower of Attorney hashot been revoked and is now.in full force and effect ”IN TESTIMONY WHEREOF, I have hereunto set my band.this 3rd day of February, 2005. • Assistant Secretary g DATE(MM/DDj Y) ACCRDrr 'CERT*tRC TB OIC. F3 ` • `T'Si'w i$ f 10E:_� ' `fes,,,fir`. oz/03/os PRODUCER Aon Risk Services Inc. of Central California THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY 5260 North Palm Avenue AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS Suite 400 CERTIFICATE DOES NOT AMEND,EXTEND OR ALTER THE Fresno CA 93704 USA COVERAGE AFFORDED BY THE POLICIES BELOW. PHoNE• 559 449-7200 FAX 559 439-0863 INSURERS AFFORDING COVERAGE INSURED INSURER A: NIC Insurance Company Concord Development Company dba: Concord INSURER B: Construction 1368 W. Herndon #102 INSURER C: L Fresno CA 937110000 USA INSURER D: w L a: INSURER E: 'C MVMGtS,T Certificate isnot inti nded td's i ail: dorsemen co es term conditions'and'scliclusiotls of the policies shown. ,;..1,;: `�:�di Mt�r•jz' v d THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED,NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR POLICY EFFECTIVE POLICY EXPIRATION LTR TYPE OF INSURANCE POLICY NUMBER DATE(MM\DD\YY) DATE(MM\DD\YY) LIMITS Lr tL A GENERAL LIABILITY Gs410690 06/20/04 06/20/05 EACHOCCURRENCE 51,000,000 Lr X COMMERCIAL GENERAL LIABILITY FIRE DAMAGE(Anv one fire) S50,000 CLAIMS MADEX❑OCCUR MED EXP(Anv one person) S5,000 PERSONAL&ADV INJURY S1,000,000 Lr GENERAL AGGREGATE 52,000,000 GEN'L AGGREGATE LMT APPLIES PER: PRO- PRODUCTS-COMP/OP AGG 511000,000 POLICY 1:1IECT F� LOC Z deductible 52,500 e e AUTOMOBILE LIABILITY COMBINED SINGLE LMT 1: ANY AUTO (Ea accident) a ALL OWNED AUTOS BODILY INJURY SCHEDULED AUTOS (Per person) HIRED AUTOS BODILY INJURY NON OWNED AUTOS (Per accident) PROPERTY DAMAGE (Per accident) GARAGE LIABILITY AUTO ONLY-EA ACCIDENT ANY AUTO OTHER THAN EA ACC AUTO ONLY: AGG EXCESS LIABILITY EACH OCCURRENCE OCCUR F� CLAIMS MADE AGGREGATE DEDUCTIBLE RETENTION C STATU- OTH- WORKERS COMPENSATION AND TO Y LBvIITS ER EMPLOYERS'LIABILITY E.L.EACH ACCIDENT E.L.DISEASE-POLICY LIMIT E.L.DISEASE-EA EMPLOYEE OTHER 4 rt DESCRIPTION OF OPERATIONS/LOCATIONS/VEMCLES/EXCLUSIONS ADDED BY ENDORSEMENT/SPECIAL PROVISIONS RE: Tract No. 5265 !CERTIFICATE HOLDER i ANCELLATION _ City of Fresno, Public works Dept SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION 2600 Frno Street DATE THEREOF,THE ISSUING COMPANY WILL ENDEAVOR TO MAIL Fresno , Fresno es 93721-3616 USA 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE COMPANY,ITS AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE �_�— Ira ACORD 25-5(7/97) R __ ■ 3 7 BLANKET ADDITIONAL INSUREDS- OWNERS, LESSEES OR CONTRACTORS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE Name of Person or Organization: Any person or organization that the named insured is obligated by virtue of a written contract or agreement to provide insurance such as is afforded by this policy, provided the Company is notified in writing within 30 days of the inception of the contract or agreement, or the inception of this policy, whichever is later. (If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.) A. Section II --Who Is An Insured is amended to include as an insured the person or organization shown in the Schedule, but only to the extent that the person or organization shown in the Schedule is held liable for your acts or omissions arising out of your ongoing operations performed for that insured. B. With respect to the insurance afforded to these additional insureds, the following exclusion is added: 2. Exclusions This insurance does not apply to "bodily injury" or"property damage" occurring after: (1) All workincluding materials; parts or equipment furnished in connection with such work, on the project (other than service, maintenance or repairs) to be performed by or on behalf of the additional insured(s) at the site of the covered operations has been completed; or (2) That portion of"your work" out of which the injury or damage arises has been put to its intended use by any person or organization other than another contractor or subcontractor engaged in performing operations for a principal as a part of the same project. C. The words "you" and "your" refer to the Named Insured shown in the Declarations. D. "Your work" means work oroperations performed by you or on your behalf; and materials, parts or equipment furnished in connection with such work or operations. ANF 043 (912003) Bond Number. 0394939 Premium: $2,720.00 IF-FAITHFUL PERFORMANCE BOND (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and Concord Development Co., LLC (herein designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 20 , and identified as project Final Map of Tract No. 5265 , is hereby referred to and made a part hereof; and, WHEREAS,said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW,THEREFORE, we, the principal and International Fidelity Insurance Company_, as surety, are held and firmly bound unto the City of Fresno, (hereinafter called "City"), in the penal sum of One Hundred Thirty Six Thousand and 00/1Oki lars ($ 136,000.00 ) lawful money of the United States, for the payment of which sum well and truly 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 it's 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 the 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 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 attomey's fees, incurred by City in successfully enforcing such obligation,all to be taxed as costs and included in any judgement 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. Faithful Performance Bond (Subdivision Agreement) Page 2 In witness whereof, this instrument has been duly executed by the principal and surety above named, on February 3 ' 2005 International Fidelity Insurance Company By: John C. Day,Attomey-In-Fact By: Principal Concord Development Co. Address of Surety 1575 Treat Blvd., Suite 208 By: Walnut Creek,CA 94598 By: 925.256.8760 Telephone 925.256.1080 Fax Surety Acknowledgment by attorney-in-fact must be attached. BONDFORM.DOC Revised 08104/04 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY3, 2005 before me, WENDY L. TOBIAS,A NOTARYPUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared JOHN C.DA Y(Name(s)of Signer(s) ® personally known to me - OR- ❑ 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or ti COMM. #1331442 �, the entity upon behalf of which the person(s) c� NO ARY PUBLIC-CALIFORNIA acted executed the instrument. I' • FRESNO COUNTY F PNt My Comm.Expires Nov.22,2005 WITNESS my hand and official seal. SI(jNArURYOF NOTARY AMPt 1�•w.,�, ,r ,,, ,; sict3h" i NAS �s� z °{. >�. 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY 3. 2005 before me, WENDY L. TOBL4S,A NOTARY PUBLIC(name,Title of Officer,eg., "Jane Doe,Notary Public") personally appeared ALI A. MOGHADDAM(Name(s)of Signer(s) ❑ personally known to me - OR- ® 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 1 WENDY L.TOBIAS � the entity upon behalf of which the person(s) COMM. #1331442 NOTARY PUBLIC-CALIFORNIA acted, executed the instrument. FRESNO COUNTY `F My Comm.Expires Nov.22,2005 WITNESS my hand and official seal. d4fy J&e�2 SIGNATURE OF NOTARY ftl.Sd, .Ew '-4 rPTAL t .♦ ... 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY3, 2005 before me, WENDYL. TOBL4S,A NOTARYPUBLIC(Name,Title of Officer,eg., "]ane Doe,Notary Public") personally appearedALIREZA NAJJARAN(Name(s)ofsigner(s) ❑ personally known to me - OR- ® 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 WENDY L. TOBIAS signature(s) on the instrument the person(s), or COMM.#1331442 ; the entity upon behalf of which the person(s) NOTARY PUBLIC-CALIFORNIA FRESNO COUNTY acted, executed the instrument. F AHS My Comm.Expires Nov.22,2005 WITNESS my hand and official.seal. 1 SILYNA RE OF NOTARY � �� ,. V1r'1,>fo �..b, 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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 ENTTrY(IES) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Tel(973)624-7200.. OAA:OF ATTOORN INTERNATI r L L ?EI IT ' L1 A C HOME,OFFICE;ONE NEWARK CENTER,20TH FLOOR NEWARK,NEW JERSEY 07102-5207 KNOW ALL MEN BY THESE PRESENT'S: That INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation:orgattized and existing laws of the State of New Jersey,and having its principal office in the City of Newark,New Jersey,does hereby constitute able appoint WMMY L. TOBIAS, STEV31N P. BDWARDS JOHN C. DAY, SHA13NA LUCERO Fresno, CA. its true and lawful attomep(s)-in-fact to execute,seal and deliver for and on its behalf as surety,,any and all bonds and undertakings,contracts of indemnity and other writings obligatory in the nature thereof,which are or may be allowed,required Lor Permitted byy law, statute rule,regg��aadon,contract or otherwise and the execution of such instrument(s) in pursuance of these presents, shall be as bindmg upon tfie said iRRRtVATI(?NAL FIDELITY INSURANCE COMPANY,as fully and amply, to all intents and purposes,as if the same Had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorney is executed,and may be revoked,pursuant to and by authority of Article 3-Section 3,of the By-Laws adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President,Executive Vice President,Secretary or Assistant Secretary,shall have power and authority (1)To appoint Attorneys-in-fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company thereto,bonds and undertakings,contracts of indemnity and other writings obligatory in the nature thereof and, (2)To remove,at any time,any such attorney-in-fact and revoke the authority given. Further,this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of-April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any,such power of attorney or any certificate relating thereto by facsimile,and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. Y//`/f IN TESTIMONY WHEREOF,INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer,this 31st day of August,A.D. 1998. tel► O �l INTERNATIONAL FIDELITY INSURANCE CO SEAL 1 904, STATE OF NEW JERSEY County of Essex T Vice- ident • f�i �► � a On this 31st day of August 1998, before me came the individual who executed theppreeeding�instrument, to me personally known,and, being by me duly sworn,said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY;that the seal affixed to said instrument is the Corporate Seal of said Company;that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. MAR�G IN TESTIMONY WHEREOF,I have hereunto set my hared affixed my Official Seal, ��Q►• ►� at the City of Newark,New Jersey the day and year first above written. NOTARY PUBLIC ti..+ y *IE�S A NOTARY PUBLIC OF NEW JERSEY CERTIFICATION My Commission Expires Nov.21,2005 I,the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do hereby certify that I have compared the foregoing copy of the Power of Attorney and affidavit,and the copy of the Stedo.n of the By-Laws of said Company as set forth in said Power of Attorney,with the ORIGINALS ON IN THE HOME OFFICE OF SAID COMPANY,and that the same are.correct transcripts thereof,and of the whole of the said'originals,and that the said Power of Attorney has not been revoked and is now in full force and effect IN TESTIMONY WHEREOF,I have hereunto set my hared this . '3rd day of February; 2005. Assistant Secretary Bond Number. 0394939 Premium: Included in Performance Bond 1ESUBDIVIDER'S PAYMENT:BOND;:. (Subdivision Agreement) WHEREAS, the City Council of the City of Fresno, State of California, and Concord Development Co., LLC (hereinafter designated as "principal') have entered into an agreement whereby principal agrees to install and complete certain designated public improvements,which said agreement,dated ,20 and identified as project Final Map of Tract No.5265 , Is hereby referred to and made a part hereof; and, WHEREAS,under the terms of said agreement, principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno 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, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Fresno and all contractors, subcontractors, laborers, material men and other persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Code of Civil Procedure in the sum of seventy one Thousand Five Hundred and 00affllars ($ 71 500.00 ) for materials furnished or labor thereon of any kind,or for amounts due the Unemployment Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount herein above set forth,and also in case suit is brought upon this bond,will pay, in addition to the face amount thereof, costs and reasonable attorney's fees, incurred by City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be Included in the judgement 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 said 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. Subdivider's Payment Bond (Subdivision Agreement) Page 2 In witness whereof,this instrument has been duly executed by the principal and surety above named, on February 3 , 20 05 International Fidelity Insurance Company By: John C. Day,A mey-I -Fa t By: Principal Address of Surety Concord Development Co., LLC 1575 Treat Blvd., Suite 208 By Walnut Creek, CA 94598 , 925.256.8760 Telephone 925.256.1080 Fax Surety Acknowledgment by attorney-in-fact must be attached. SONDFORM.DOC Revised OSM4104 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNL4 County of FRESNO On FEBRUARY 3, 2005 before me, WENDY L. TOBL4S,A NOTARY PUBLIC(Name,Title of Officer,eg., "]ane Doe,Notary Public") personally appeared JOHN G DA Y(Name(s)of signer(s) ® personally known to me -OR- ❑ 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 WENDY L.TOBIAS signature(s) on the instrument the person(s), or COMM. #1331442 �, the entity upon behalf of which the person(s) C NOTARY PUBLIC-CALIFORNIA `. FRESNO COUNTY acted, executed the instrument. F RNA My C mm.Expires Nov.22,2005 WITNESS my hand and official seal. SIGNATMtE OF NOTARY 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O.Box 71B4-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNIA County of FRESNO On FEBRUARY3. 2005 before me, WENDYL. TOBIAS,A NOTARY PUBLIC(Name,Title of Officer,eg., "]ane Doe,Notary Public") personally appeared ALI A. MOGHADDAM(Name(s)of Signer(s) ❑ personally known to me - OR- ® 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 ti WL vDY L.TOBIAS signature(s) on the instrument the person(s), or �., COMM. #1331442 NOTARY PUBLIC-CALIFORNIA the entity upon behalf of which the person(s) • FRESNO COUNTY acted, executed the instrument. F a` My Comm.Expires Nov.22,2005 WITNESS my hand and official seal. de��- -t&-.eA_,--y SIGNATUME OF NOTARY IOWA 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ®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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 71M-Canoga Park,CA 91309-7184 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907 State of CALIFORNL4 County of FRESNO On FEBRUARY 3, 2005 before me, WENDY L. TOBL4S,A NOTARY PUBLIC(Name,Title of Officer,eg., "Jane Doe,Notary Public") personally appearedALIREZA NAJJARAN(Name(s)of Signer(s) ❑ personally known to me - OR- ® 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 4`JENDY L.TOBIAS signature(s)on the instrument theperson(s), or - COMM. #1331442 ° ra NOTARY PUBLIC-CALIFORNIA the entity upon behalf of which the person(s) I-" • ' FRESNO COUNTY F�'' My Cornm.Expires Nov.22,2005 acted, executed the instrument. WITNESS my hand and official seal. SIG14ATURE OF NOTARY , : «r �e 't :ctF7�R1� '{'1 �a:.. 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 TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED NUMBER OF PAGES ❑ GENERAL ® 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) BCAPA.DOT 01993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91309-7184 Tel(973)624-7200 POMTR OF ATTORNEY MRR.NATLtONAL FI DELUY INSURANCE COMPANY H()1viE OFFICE:ONIB NEWARK CENTER,20TH FL OOR. t+TEEWARK NEW JERSEY:07102.5207 KNOW ALL M1g1V BY x IiESE PItRNTB: That INTERNATIONAL;FIDELITY INSURANCE COMPANY, a corporationorganized and existing law s of the State of New Jersey,and haying its principal office Sin the City of Newark,New Jersey,does hereby constitute and appoint W=Y L. TOBIAS, STBV= P. NOWARDS, JOHN C. DAY. ,SHAD LUCERO Fresno, CA. its true and lawful atmmey(s)-in-fact to execute,seal and deliver for.and on its behalf as surety,an and all bonds and undertakings contracts of indemnity and other writings obligatory,m the nature thereof,which are or may be allowed,required or permitted b law;statute,rule,relation,cotmact or otherwise and the execution of such mstrument(s) in pursuance of these presents, shall be as binding upon the said INTERNATIONAL FIDELITY INSURANCE COMPANY as fully and amply, to all intents and purposes,as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorney is executed,and may be revoked,'pursuant to and by authority of Article 3-Section 3,of the By-Laws adopted by,the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President,Executive Vice President,Secretary or Assistant Secretary,shall have power and authority (1)To appoint Attorneys-in-fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company thereto,bonds and undertakings,contracts of indemnity and other writings obligatory in the nature thereof and, (2)To remove,at any time,any such attorney-in-fact and revoke the authority given. Further,this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April,3982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating thereto by facsimile,and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any suchpower so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in dte future with respect to any bond or undertaking to which it is attached. TY/Nf IN TESTIMONY WHEREOF,INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be O G signed and its corporate seal to be affixed by its authorized officer,this 31st day of August,A.D. 1998. O 4 SEAL - INTERNATIONAL FIDELITY INSURANCE CO r $ � STATE OF NEW JERSEY County of Essex '�l�l/ ,► k Vice ident On this 31st day of August 1998, before me came the individual who executed the preceding 'instrument to me personally known and,being by me duly' sworn,said the he is the therein described and authorized officer of the INTERNATIONAL'FIDELITY INSURANCE COMPANk;that the seal affixed to said instrument is the Corporate Seal of said Company;that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. OAR IN TESTIMONY WHEREOF,I have hereunto set my hand affixed my Official Seal, �Q►• at the City of Newark,New Jersey the day and year first above written. O NOTARY y * PU8k1C * " J 4EAS� A NOTARY PUBLIC OF NEW JERSEY' CERFIFICATIQN My Commission Expires Nov.21,2005 I,the undersigned officer of ITHTERNATIONAL FXDE .ITY YIV5111KANC1~COMPANY dahereby certify that have compared the foregoing copy of the Power of Attorney and affidavit,:and the copy of the Section of the By-Laws of said Company as set forth In said Power of Anomey,wtitr the O 40INALS ON IN THE HOME OFFICE OF SAID COMPANY,`and that the same a6.correct transcripts thereaf,anti of the wholesof the said originait f d that the said Power :of Attorney has not been revoked and is now ini full force and effect " = IN TESTIMONY,WHEREOF,I lave. 11 set my hand this rd day of February,, 2005 S Assistant ecretary