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T-6067 - Cashier Memo - 5/5/2016
City of MEMORANDUM I-n=� ._:-. .k PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: May 5, 2016 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6067 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$2,040,000.00 2. Payment Bond in the amount of$1,073,500.00 3. Certificate of Deposit in the amount of $107,000.00 (Central Valley Community Bank) 4. Check in the amount of $9,575.00 (Central Valley Community Bank No. 1228) a. Deposit into 180203 10101 34559 for document preparation fees 5. Check in the amount of$685,364.47 (Central Valley Community Bank No. 1227) a. The balance is identified on Exhibit B of the Subdivision Agreement. 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank you,. Jonathan Bartel lCity el MEMORANDUM ff Z7:=. ..`- PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: April 25, 2016 TO: HEIDI BRIGGS Personnel Services Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 6067 Attached are original bonds required for the subdivision agreement for the Final Map. Please review the following bonds for conformity to City acceptance policies: 1. Performance Bond in the amount of: $2,040,000.00 2. Payment Bond in the amount of: $1,073,500.00 If you have any questions, please contact me at 621-8684. Thankyou r Jonathan Bartel RISK MANABEMENT ill SION Approved A proved w/1009%89 LJ L C'-s4 �a ned D Bond No.: 704661 S Premium: $20,400 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas,the City Council of the City of Fresno,State of California, and BNCOPP, L.P. ("principal') will be entering into an agreement whereby principal agrees to Install and complete certain designated public improvements,whl%bb jd agreement, identified as Subdivision Agreement for the Final Map of Tract No. , is hereby referred to and made a part hereof;and Whereas,principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, therincinal and Developers Surety nd I demnity Company issu t areheld and firmly bound unto the City of Fresno ("City'),in the penal sum of wo i on, Forty Thousand and 00/100 dollars ($ 2,040,000.00 1 lawful money of the United States, for the payment of which sum well and truly to be made,we bind ourselves, our heirs, successors, executors and administrators,jointly and severally,firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns,shall in all things stand to and abide by, and well and truly keep and perform the covenants,conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part,to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless City, its officers, agents and employees, as therein stipulated, then this obllgatlon shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees,including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond,and it does hereby waive notice of any such change,extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof� this i strument has been duly executed by the principal and surety above named, on apri� 1 , 2016 Principal: BNCOPP, L.P. By: -, . I J f✓ft (Princlpal) Surety: DEVELOPERS SURETY AND INDEMNITY COMPANY By- . '' ./ .� (Surety) Kyle Wilson, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of CALIFORNIA County of FRESNO On April 15, 2016 before me,KIMBERLY WILSON,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. KIMBERLY WILSON r Commission#E 2062659 I. 2 +* Notary Public-California WITNESS my hand and official seal. Fresno County ' M Comm,Expire$Apr 10.201.8 Signature of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint: "'Kyle Wilson,Donna M Smith,Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally— as their true and lawful Attorney(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attorney(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attorney(s)-in-Fact,pursuant to these presents,are hereby ratified and confirmed, This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that a combination of any two of the Chairman of the Board,the President,Executive Vice-President,Senior Vice-President or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the attorney(s)named in the Power of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective officers and attested by their respective Secretary or Assistant Secretary this January 29,2015, A 6 : ii • �. V;77��' ��[ Na No OPANVO 1 Daniel Young,Senior Vice-President �GpRPO�p�o v E UJ OCT, t = OCT.5 '� By: C' 183& U 1t 7 Mark Lansdon,Vice-President �gQFORt�tQ a� A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,sceuracy,or validity of that document. State of California County of Orange On January 29 2015 before me, Lucille Raymond,Notary Public t7 Here Insert Name and Title of the Offirei personally appeared Daniel Young and Mark Lansdon Name(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies),and that by his/her/their signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAYWND which the person(s)acted,executed the instrument Commission 120919/5 Notary Public•California I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Orange Countytrue and correct. M Comm.Ex Tres Oct 13.2418+ WITNESS my hand and official seal. Place Notary Seal Above Signature Lucile and,Notary Public CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,this 1 5th day of April , 2016 Cassie J: rrisford,Assistant Seetary ID-1380(Rev.01/15) Bond No.: 704661 S Premium: Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and BNCOPP, L.P. ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvemeWhich agreement, identified as Subdivision Agreement for the Final Map of Tract No. , is hereby referred to and made a part hereof; and Whereas, under the terms of the agreement, the principal is required before entering upon the performance of the work,to file a good and sufficient payment bond with the City of Fresno ("City") to secure the claims to which reference is made in Title 15 (commencing with Section 3482) of Fart 4 of Division 3 of the Civil Code of the State of California. Now,therefore,the principal and Developers Surety and Indemnity Company , as corporate surety, are held firmly bound unto the City and all contractors,subcontractors, laborers,material men, and other persons employed in the performance of the agreement and referred to In Title 15 (gm ON Vth Se tl 308 of Part d Div�llon of#he�bv�� fe in the sum of ne i io eventiree ousan , ive un red an dollars ($ 1, for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond,will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, Including reasonable attorney's tees, Incurred by City in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons,companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed,then this obligation shall become null and void, otherwise it shall be and remain in full force and effect The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration,or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on Air i 1 l �- BNCOPP, L.P. Principal: Surety. DEVEL'MOVSURETY AND INDEMNITY COMPANY By: (Surety) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of CALIFORNIA County of FRESNO On April 15,2016 before me, KIMBERLY WILSON,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. am _ WITNESS my hand and official seal. KIMBERLY WILSON Commission #2062659 F -a Notary Public -California r r Fresno County My Comm.Expires A4 10,2018 r, iguature of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint: ***Kyle Wilson,Donna M Smith, Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally*** as their true and lawful Attorney(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attorney(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attorney(s)-in-Fact,pursuant to these presents,are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that a combination of any two of the Chairman of the Board,the President,Executive Vice-President,Senior Vice-President or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the attorney(s)named in the Power of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective officers and attested by their respective Secretary or Assistant Secretary this January 29,2015. Y AND By: f��l �ti� Ilya. O�,PANYOfi Daniel Young,Senior Vice-President y`�' ��Po ��' G pPPO�q OCT10. z = OCT.5 '^ Syr O 1 9 3 6 O W 1387 ,0 Mark Lansdon,Vice-President '�9 �OWP � ❑��n9(yFOt��`4 a� A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California County of Orange On January 29 2015 before me, Lucille Raymond,Notary Public Date Here Insert Name and Title of the Officer personally appeared _Daniel Young and Mark Lansdon _ Name(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the persons)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 LUCILLE RAYMOND which the person(s)acted,executed the instrument. Commission!20111945 Notary Public•California I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Orange County true and correct M Comm. Expires Oct 13,2418 WITNESS my hand and official seal, Place Notary Seal Above Signature Lucill( Flay ond,Notary Public CERTIFICATE v The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,this 15th day of Apr i 1, 2016 By: L ' Cassie 11!7 risford,Assistant Se t" ID-1380(Rev.01/15) 5/5/2016 Company Profile CALIFORNIAI DEPARTMENT 1 COMPANY PROFILE Company Profile Company Search Company Information Company Information DEVELOPERS SURETY AND INDEMNITY COMPANY Old Company 17771 COWAN,SUITE 100 Names IRVINE, CA 92614 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' KARISSA LOWRY Compensation 2710 GATEWAY OAKS DRIVE Complaint and SUITE 15ON Request for SACRAMENTO CA 95833 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 12718 Quarterly California Company ID #: 4606-0 Statements j Company Complaint Date Authorized in California: 08/30/1999 Company Performance & License Status: UNLIMITED-NORMAL Comparison Data - - Company Company Type: Property &Casualty Enforcement Action - State of Domicile: IOWA Composite _ Complaints Studies Additional Info back to top Find A Company Representative In NAIC Group List Your Area View Financial Disclaimer NAIC Group #: 2538 AmTrust NGH Grp Lines Of Business The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the glossary. AUTOMOBILE BOILER AND MACHINERY BURGLARY FIRE LEGALINSURANCE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY back to top https:/fi nteractive.web.i nsurance.ca.gov/com panyprofi I e/com panyprofi le?event=com panyProfi le&doFunction=getCom panyProfi I e&ei d=100170 1/2 5/5/2016 Company Profile © 2008 California Department of Insurance https:Hi nteractive.web.i nsurance.ca.gov/com panyprofi I e/com panyprofi I e?event=com panyProfi le&doF uncti on=getCom panyProfi I e&ei d=100170 2/2 5/5/2016 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center A,M,Beat Company IAN,Be<t Rating Se,rviies€A.Nl,B0 Inform ion Servfcea carvurs;f vetats 1 suppot j Contac! Rating Services Home Rating Search: Search »Advanced Search ECJ Print this page Ratings Recent Rating Activity Developers Surety and Indemnity Company (�) »Search for a Rating A.M.Best#:011752 NAIC#:12718 FEIN#:420429710 Regional Centers , Mailing Address View Additional Address Information Rating Process$Definitions P.O.Box 19725 Assigned Financisiftength Rating v to �aesr »Understanding Best's Ratings Irvine,CA 92623-9725 insurance »Guide to Best's Ratings United States A EkcWtent companies »Financial Strength Rating Guide Web:www.inscodico.com that have,in our opinion,an »Issuer Credit Rating Guide Phone:949-263-3300 excellent ability to meettheir »Issue Rating Guide Fax:949-252-1959 ongoing insurance obligations. »National Scale Rating Guide »Country Risk Information n Market Segment Outlook Based on A.M.Best's analysis,051002-AmTrust Financial Services Inc is the AMB Ultimate Parent and identifies the topmost Rating Methodology entity of the corporate structure.View a list of operating insurance entities in this structure. Industry Research !';edit Rnllr p}r Industr $Market Centers .Y -" ^'' - - Y Financial Strength Rating View Definition 1 Best's Credit Rating Analyst Contact an Analyst Rating: A(Excellent) Rating Issued by:A M.Best Rating Services,Inc. Conferences$Events Affiliation Code: r(Reinsured) Assistant Vice President:Jennifer Marshall,CPCU,ARM Financial Size Cate Vice President:Michael J.La omarsino,CFA,FIRM Awards$Recognitions gory: XIV($1.5 Billion to$2 Billion) 9 Data Submission Center Outlook: Stable i Regulatory Information Action: Affirmed „•,.,_3;;,.,; j Effective Date: May 29,2015 r- — - Initial Rating Date: January 29,1996 View A M,Best's Rating Disclosure Statement Find a Best's Credit Rating -----_ _ Enter a Company Name Long-Term Issuer Credit Rating .View Definition_ qq t MIMS R.911inof AmTrusl F nand a I Servi ces. Long-Term: a lW.. Ipc.and Its Subsidiaries �i May 29,2015 »Advanced Search Outlook: Stable Action: Affirmed Effective Date: May 29,2015 I(JLl A,M.Best Rating Services Initial Rating Date:: June 06,2007 ` I�T�JJ Gr>€atact Il�fa�tratiors ! U Denotes Under Review Best's Rating A.M.Best has provided ratings&analysis on this company since 1996, W ___— _..._ __..._ .. Financial Strength Lon/-Term Issuer Credit i Effective Date Rating; Effective Date Rating 5/29/2015 A i °:5/29/2015 a f 15/30/2014 A 5/30/2014 a f 1!8/2014 A 1/8/2014 a 9!20/2013 A-u 9/20/2013 a-u 6!1712013 A- 6/17/2013 a- 5/31/2012 A- 5131/2012 a- j 5/25/2011 A- 15/25/2011 a- `6/22/2010 A- 16/22/2010 a- j AMB Credit Report -includes Best's Financial Strength Rating and rationale along with comprehensive analytical W,- commentary,detailed business overview and key financial data, Report Revision Date:6/19/2015(represents the latest significant change), ��-- Historical Reports are available in AMB Credit Report Archive. 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Date Title http://www3.am best.com/rati ngs/entities/SearchResults.aspx?AltSrc=9 1/2 5/5/2016 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center May 29,2015 -M at Ing 5 pf AmT wthriam ial-Servi re5. u.-Lsod Its aLi bsidia ies Apr 23,2015 A.M.Best Plares Ratings f Springfield in!5urance Company Under Review With PQsitivg Implications Jan 08,2014 A.M.B est Q pgras R ti no 5 of❑ Surely and Indemnity Company ano an of California i Sep 20,2013 A.M.Rest PI Raongs of DevelopersSurety and IndemrL'ty_Cotn1;;any.,andComRany of CafifQrnja Under Review May 31,2012 A.M,Rgg Revises k alive for t] v Spfft and Indemni and Its Subsidiarx. rrmni Company of California li European Union Disclosures A.M.Best-Europe Rating Services Limited(AMBERS),a subsidiary of A.M.Best Rating Services,Inc.,is an External Credit Assessment Institution(ECAI)in the European Union(EU).Therefore, credit ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006/48/EC. 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Credit Ratings determined and disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst.AMBAP Credit Ratings are statements of opinion and not statements of fact.They are not recommendations to buy,hold or sell any securities or any other form of financial product,including insurance policies and are not a recommendation to be used to make investment/purchasing decisions, Important Notice:A,M.Best's Credit Ratings are independent and objective opinions,not statements of fact A.M.Best is not an Investment Advisor,does not offer investment advice of any kind, nor does the company or its Ratings Analysts offer any form of structuring or financial advice.A.M.Best's credit opinions are nol recommendations to buy,sell or hold securities,or to make any other investment decisions.For additional information regarding the use and limitations of credit rating opinions,as well as the rating process,information requirements and other rating related terms and definitions,please view Understanding Best's Credit Ratings. About AM.Best I Site Map I Customer Service I Member Center I Contact Info I Careers I Terms of Use I Privacy Policy Security I Legal&Licensing Regulatory Affairs-Form NRSRO-Code of Conduct-Rating Methodology-Historical Performance Data Copyright©2016 A.M.Best Company,Inc.and/or its affiliates ALL RIGHTS RESERVED, http://www3.ambest.com/ratings/entities/SearchResults.aspx?AltSrc=9 tit r Date Opened: 4!1412015 Term: 12 Months Tax ID: N/A Number: NIA CERTIFICATE OF DEPOSIT COPY AND CERTIFICATE OF DEPOSIT SIGNATURE CARD Account Number: Q08291098 Dollar Amount of Deposit: One Hundred Seven Thousand Dollars And No Cents $ 107,000.00 This Time Deposit is Issues to: Issuer: Central Valley Community Bank-080 7100 N FINANCIAL DR 13ONADELLE HOMES INC STE 101 - PAYABLE TO THE CITY OF FRESNO - FRESNO, CA 93720 7030.N FRUIT AVE STE 101 - - FRESNO, CA --93711=0782— — J. Not Negotiable-Not TransF. ferable-Additional terms are below. By Additional Terms and Disclosures �'�` 7� 1ain.,orm contains the terms for your time deposit. It is also the Minimum Balance Requirement: You must crake a ri rj �t deposi[to n-Savings disclosure for those depositors entitled to one. There 3'l� "" itional terms and disclosures on page two of this form, some of open this account of$ $F3-899$9 J p']�D�p•�j xplain or expand on those below. You should keep one copy of ® You must maintain this minimum balance on a daily basis to earn the US . ty Date: This account matures 4/14/2017 annual percentage yield disclosed. (See below for renewal information.) Withdrawals of Interest: Interest ❑ accrued ® credited during a formation: The interest rate for this account is 0.220 % term can be withdrawn: WITHOUTPENALTY annual percentage yield of 0.22 %, This rate will be il the maturity date specified above. Interest begins to accrue on Early Withdrawal Penalty: If we consent to a request for a withdrawal the business day you deposit any noncash item(for example,a check)- that is otherwise notermitted you may have to pay a penalty. The Interest will be compounded QUARTERLY P penalty will be an amount equal to: 180 DAYS OF INTEREST ON Interest will be credited QUARTERLY THE AMOUNT WITHDRAWN ® The annual percentage yield assumes that interest remains on deposit Renewal Policy: interest on the amount withdrawn. until maturity.A withdrawal of interest will reduce earnings. ❑ Single Maturity: If checked, this account will not automatically 19 If you close your account before interest is credited, you will not renew. Interest El will 11 will not accrue after maturity. receive the accrued interest. ® Automatic Renewal: If checked, this account will automatically The NUMBER OF ENDORSEMENTS needed for withdrawal or any renew on the maturity date. other purpose is: ONE Interest 19 will ❑ will not accrue after final maturity. ACCOUNT OWNERSHIP: You have requested BACKUP WITTIHOLDING CERTIFICATIONS and intend the type of account marked below. TIN N/A • ❑ Individual- ❑ Joint Account N Taxpayer I.D. Number -The Taxpayeir El Exempt Recipients - I am7,xmpD Iain[-Husband Arid Wife twjQrrl y>tsu Worship) Identifk4 iqn Numbeeshown above (T1N) is. recipient-under.-the_Internal-Reve ❑ Community Property-Husband and Wife corlect taxpayer identilieationnumher. Regulations. CI Tenancy in Common- iD :Backup WiIilinld�g=I—= uot-subject--SIG1�A'1 UIIE.--'I certify..under grrialGes - - ❑ Trus[; Separate Agreement]]aced to backup withholding either because I have perjury the statements checked in this 19 ON SIGNAnot been notified that,I am subject to backup section and that I am a U_ .S. person witiiyolding as a result of a failure to report 011clWingii U.S,resident alien). all interest or dividends, or the internal Revenue Service has notified me that I am no X ❑ Totten Trust or ❑ Pay on Death Ionger subjec[to backup withholdinlg. Designation-as-defined-in--this--agreement - --- D_A_TE_ (Beneficiaries'names and addresses) =MS STATED ON PAGE ONE AND PAGE TWO, er ® ©1993 Bankers Systems,Inc.,St.Cloud,MN Form CD-AA-LAZ-CA(2) 6/11/2006-38bd72cf-9E READ PAGE Two r•QR ADDITIoNAL.TERM5 1P6,g8 7(it 2) DEFINITIONS: "We," "our," and "us" mean the issuer of this account P.O.D. Account With Multiple Parties -This account is owned by the and "you" and "your" mean the depositor(s). "Account" means the 'named parties. Upon the death of any of them, ownership passes to the original certificate of deposit as well as the deposit it evidences, survivor(s). Upon the death of all of them, ownership passes to the named pay-on-death payee(s). Whether the P.O.D. Account is with single party TRANSFER: "Transfer" means any change in ownership, withdrawal or multiple parties, if ownership passes to more than one beneficiary, any rights, or survivorship rights, including (but not limited to)any pledge or such beneficiary may withdraw all or any part of the account balance. assignment of this account as collateral. You cannot transfer this account Totten Trust Account - (subject to this form) - If two or more of you without our written consent. create this account, you own lite account jointly with survivorship. Beneficiaries acquire the right to withdraw only if(1)all persons creating PRI1yIARY AGREEMENT; You agree to keep your funds with us in this Eke-accqunt die, and (2) the beneficiary is then living, If.two or more account until the maturity date. (An automatically renewable account beneficiaries are named and survive the death of all persons creating the matures at regular intervals.) You may not transfer this account without account, such beneficiaries will own this account in equal shares, without first obtaining our written consent. You must present this certificate when right of survivorship. Any such beneficiary may withdraw all or any part You request a withdrawal or a transfer. of the account balance. The persou(s) creating either of these account This-account is void if the deposit is made by any method requiring types reserves the right to: (1) change beneficiaries; (2) change account . collection(such as a check)and the deposit is not immediately collected in types;and(3)withdraw all or part of the deposit at any time. full.-If the"deposit is made or payable in a foreign currency, the amount of Trust Account Subject to Separate Agreement - We will abide by- the•deposit wi11 be adjusted to reflect furor exchange into U.S.dollars. the terms of any separate agreement.which clearly pertains to this account We may change any term of this agreement. Rules governing changes and which you file with us. Any additional consistent terms stated on this in interest rates have been provided. For other changes we will give you form__will also apply, reasonable notice ni writing or by any other inethod permitted by law.If any notice is necessary, you all agree that the notice will be SET-OFF: You each agree that we may (without prior notice and when sufficient if we mail it to the address Iisted on page one of this foot. You permitted by law) set off dic funds in this account against any due and must notify us of any change. payable debt owed to tis now or in the future, by any of you having the right of withdrawal, to the extent of such person's or legal entity's right to WITHDRAWALS AND TRANSFERS: Only those of you who sign the withdraw, The amount of the set-off may be further limited by applicable permanent signature card may withdraw funds from this account. (In law. If the debt arises from a note, "any due and payable debt" includes appropriate cases, a court appointed representative, a beneficiary of a the total amount of which we are entitled to demand payment under the trust or pay-on-death account whose right of withdrawal has ntaturcd, or a terms of the uote at die time we set off,including any balance the due date newly appointed and authorized representative of a legal entity may also for which we properly accelerate under the note. This right of set-off does withdraw from this account.) The specific number of you who must agree not apply to this account if: (a) it is an Individual Retirement Account or to any withdrawal is written on page one in the section bearing the title other tax-deferred retirement account, or (b) time debt is created by a NUMBER OF ENDORSEMENTS. This means, for example, that if two consumer credit transaction under a credit card plan, or (c) the debtor's of you sign the signature card but only one endorsement is necessary for right of withdrawal arises only in a representative capacity, You agree to withdrawal then either of you may request withdrawal of the entire hold us harm ess from any claim arising as a result of our exercise of our account at any tune. Unless otherwise specified in writing, only one -right of set-off. endorsement is required to withdraw funds from this account. These same rules apply to define the names and the number of you BALANCE COMPUTATION METHOD: We use the daily balance who can request our consent to a transfer. method to calculate the interest on this account. This method applies a PLEDGES:Any pledge of this account(to which we have agreed), must daily periodic rate to the principal in the account each day. first be satisfied before the rights of any joint account survivor, TRANSACTION LIMITATIONS: You cannot make additional deposits pay-on-death beneficiary or trust account beneficiary become effective, to this account during a term (other than credited interest). You cannot For example, if one joint tenant pledges the account for payment of a debt withdraw principal from this account without our consent except on or and then dins, the surviving joint tenant's rights in this account are subject after maturity. (For accounts that automatically renew, there is a grace first to the payment of the debt. period after each renewal date during which withdrawals are permitted without penalty.) OWNERSHIP OF ACCOUNT AND BENEFICIARY In certain circumstances, such as the death or incompetence of an DESIGNATION: You intend these rules to apply to this account account owner, the law permits, or in some cases requires, the waiver of depending an the form of ownership and beneficiary designation, if any, the early withdrawal penalty. Other exceptions may also apply, for specified on page I, We make no representations as to the appropriateness example,if this is part of an IRA or other tax-deferred savings plan. or effect.of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. FOR ACCOUNTS THAT AUTOMATICALLY RENEW: Each Individual Account -This account is issued to one person who does renewal term will be 12 months beginning on notintend (merely by opening this account) to create any survivorship the maturity date(unless we notify you, in writing, before a maturity date, rights in any other person. Joint Account-This account is owned by Elia witned parties. Upon the death of any of therm[, ownership passes to the ofa-different term for renewal). survivors. Joint Account - of•Husband and.Wife With Rfghi oP- —You must notify us in writing before, or within a 10 day grace -" Survavotsltip - This-account is owned •by the named parties, who arc• period-.after, the maturity date. if.you do not want this account to husband hod wife, and is presumed to be their community property. Upon automatically renew. the death of either of them, ownership passes to Elie survivor. Community• -Interest-earned during one term that is not withdrawn during or Property Account of Husband and Wife - This account is the immediately after that term is added to principal for the renewal term. ~ community-property of the named parties who are husband and wife. The The rate for each renewal term will be determined by us on or just ownership during lifetime and after Elie death of a spouse is determined by before-the-mnewaJ date. You may call us on or shortly before the maturity [hc ]aw applicable to community property generally and may be affecEed _date and we can tell you what the interest rate will be for the next renewal by a will.Tenancy in Common Account -'This account is owned by the term. On accounts with terms of longer than arse month we will remind named parties as tenants in common. Upon the death of any party, tate you in advance of the renewal and tell you when the rate will be known ownership interest of that party passes to the named pay-on-death payee(s) for the renewal period. of that party, or,if none, to the estate of that party. P.D.D.Account with Single Party-This account is owned by the named parry. Upon the death of that party, ownership passes to the•named pay-on-death paym(s). See your plan disclosure if this account is part of an IRA or Keogh. E05_ page 2 of 21 -J>e ®-©1993 Bankers Systems,Inc.,St.Cloud,MN Form CD-AA-LAZ-CA 6/11/2005 Account Number: Security Amount: I!-4 ASSIGNMENT _j (Subdivision Agreement) SECURITY FOR: hereinafter called ASSIGNOR, whose principal place of business is q.1 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 evidenced by in the amount of$iD?,C)Q1 J number which is to be delivered to e 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 assi nment is given as security for liability for E 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 assi it. Dated this _ LA day of , 20IL, nn t� Nate & Title of Assignor ' RECEIPT FOR NOTICE OF ASSIGNMENT Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records the City's interest in the account as shown by the above assignment and have retained a copy of this sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. Dated this `` day of r 20j Bank Name 'c'14N<\Branch Location City State By Name Title of Officer Assignment Form Page 2 Tract No. 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 of the City of Fresno. Dated this day of 20 By Authorized Officer or Employee Telephone Number For any question concerning this assignment transaction, please call upon the office of the appropriate officer shown herein. PAYMENT OF FUNDS AND RELEASE OF ASSIGNMENT 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 BN COPP, L.P. CENTRAL VALLEY COMMUNITY BANK 1 228 7030 N FRUIT AVE.,SUITE#101 7100 N FINANCIAL DRIVE,SUITE 101 FRESNO,CA 93711 FRESNO,CA 93720 (559)435-9700 90-3772/1211 4-22-16 PAY TO THEI ORDER OF City of Fresno 9 , 575 . 00 DOLLARS MEMO 11'00122811' 1: 12L13772Gl: 008 13787 u� BN COPP, L.P. CENTRAL VALLEY COMMUNITY BANK 1 227 7030 N FRUIT AVE.,SUITE#101 7100 N FINANCIAL DRIVE,SUITE 101 FRESNO,CA 93711 FRESNO,CA 93720 (559)435-9700 90-3772/1211 4-22-16 PAY TO THE City of Fresno $ 685 , 364, 47 ORDER OF DOLLARS MEMO ] — 11100L22 ?111 1sL2LL3 ? ? 2Gl: 008 43M ? II"