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HomeMy WebLinkAboutT-6079 - Cashier Memo - 10/12/2016 City of �o�t>>�■.- MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 11, 2016 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: ADDITIONAL SUBMITTAL OF PAYMENT FOR TRACT NO. 6079 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1 Certificate of Deposit in the amount of$16,000.00—California Bank&Trust If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel Account Number: fj Security Amount: $16,000.00 ASSIGNMENT (Subdivision Agreement) SECURITY FOR: FOWLER DEVELOPMENT COMPANY,INC Hereinafter called ASSIGNOR,whose principal place of business is 1396 W.Herndon#101,Fresno,CA 93711 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 CITY OF FRESNO,evidenced by CERTIFICATE OF DEPOSIT in the amount of $16,000.00 number.5 d io N DQ Rq&: which is to be delivered to the City of Fresno herewith. Assignor agrees that this assignment caries 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 6079—Fowler Development Company Inc-Yearly Term 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 the assignment. Dated this 11 1h day of October _2016 Fowler Development Company,Inc a California Corporation By: Betsy, ci�,6ontroll 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 October ,2016 California Bank&Trust, 7060 N.Fresno Street Fresno,CA 93720 Bank Name Branch Location City State By Name Title of Officer W AUTOMATICALLY RENEWABLE ~ C B CALIFORNIA TANK V Txunt TRUST r LL U ISSUED AT FtZESLVO MAIN OFFICE FRESNO CA DATE 1 n f11/1�i W (CITY OR TOWN) (STATE) W v MILER DEVEWPHDIT L'C � 'A�VY IN 579014D�B U (CUSTOMER NAME) 98 (CUSTOMER NUMBER) l- ti SIXTEE THOUSANL) ANN) DOLLARS $ 16-000.00 w ; M HAS TODAY BEEN DEPOSTTED WITH CALIFORNIA BANK&TRUST PAYABLE TO CITY OF FRES11O ❑R ORDER UPON MATURITY t Q U) A5 OR SPECIFIED ANO UPDN PRESENTATION A D R EN OF TH S CERTIFICATE,PROPERLY ENDORSED,AT TFfE ABOVE OFFICE 0. O THE MATURITY OF THIS CERTIFICATE WILL BE 1 L AFTER DATE.AND SUCH MATURF Y WILL BF AUTOMATICALLY aTENDED FOR SUCCESSIVE LIKE PERIDDS Z URLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY.THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER BOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY. OR{B) UPON OR WITHIN TEN GAYS AFTER SUCH ORIGINAL OR ANY EXTENDED 0 MATURITY DATE.THIS CERTIFICATE IS PRESENTED AND 8URRENDEP617 FOR PAYMENT. SAID DEPOSIT REARS 51MPLE INTEREST AT THE RATE OF r °y PER ANNUM FROM DATE HEREOF UNTIL.ULTIMATE MATURITY,AS ABOVE PROVIDED.AND SUCH INTEREST WILL RE PAID OR CREDITED.AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN INSTAUGTIDNS Of THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS CF THIS BANK. THE RATE OF INTEREST IS SUBJECT TO CHANGE BY SANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL.REGULATION AFFECTING THE DEPOSIT. AUTHOAIZE❑SIGNATURE City of MEMORANDUM rn=7-�=:ag`_ PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 3, 2016 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6079 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING 1. Performance Bond in the amount of$299,000.00 2. Payment Bond in the amount of$157,500.00 3. Certificate of Deposit in the amount of$16,000.00) -PENDING 4. Check in the amount of$5,572.00 (California Bank& Trust No. 22-00077936) a. Deposit into 180203 10101 34559 for document preparation fees 5. Check in the amount of$223,141.42 (California Bank&Trust No. 22-00078227) 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 artel GV Holdings, Inc. California Bank&Trust 7060 N. Fresno 11-204/1210 1396 W. Herndon Ave., #101 Fresno, CA 93720 Fresno, CA 937111. Date Check Number Sep 14, 2016 22-00077936 Amount Pay *Five Thousand Five Hundred Seventy Two Dollars 00 Cents* $5,572.00 GV Holdings, Inc. To City of Fresno The 2600 Fresno Street Order FresnoCA 93721-5017 Per Of J re - v PAYABLE IN U5 DOLLARS �� .. . , 1110007793611" 1: 1210020421: L34059397hill California Bank&Trust GV Holdings, Inc: 7060 N. Fresno 11-204/1210 1396 W. Herndon Ave., 9101 Fresno, CA 93720 Fresno, CA 93711 Date Check Number Sep 26, 2016 22-00078227 yi Amount I Pay *Two Hundred Twenty Three Thousand One Hundred Forty One Dollars 42 Cents* $223,141.42 lt' , To City of Fresno . 5 The 2600 Fresno Street Order Fresno, CA 93721-5017 Per _ Of PAYABLE IN US DOLLARS J 11"0007822711' isL2L00204211: L34059397111' City of MEMORANDUM III—WIr-w:. Of PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: September 20, 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. 6079 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: $299,000.00 2 Payment Bond in the amount of: $157,500.00 If you have any questions, please contact me at 621-8684 Thank you. r Jonathan Bartel NWK MANAUEMENT DIVISION Apprpved A raved w/Ch s U -� O ��` 1-40 D Bond No.: 705211 S Premium: $1,495 Annually SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and _ Fowler Development Co., Inc., a California Corporation ("principal")will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6079 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Developers Surety and Indemnity Company , as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of Two Hundred Ninety Nine Thousand and 00/100 dollars ($ 299,000.00 } lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators,jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless City, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on September 20 . 2016 Princi FOWLER DEVELOPMENT COMPANY, INC. By: - (Principal) Surety: DEVELOPERS SURETY AND INDEMNITY COMPANY OU& - By: - - �A( (Surety) Nicole Caskey, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§ 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of _ f'C�j1�1 0 �y " On c P ��. 2M to_ before me, l v U�1� '1 �^�<<� 1 btMT} 019( i G Date Here Insert Name and Title of the fficer personally appeared AX I us Ty� Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name( is/ subscribed to the within instrument and acknowledged to me that he/she4hey executed the same in his/hAr4hA r authorized capacity(ies), and that by his/herltheir signature*on the instrument the person(&), or the entity upon behalf of which the person(*acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. MADELYN CUELLAR Unk Commission#2103017 --k (� �X ZNotary Public-California � Signature Y�i a Fresno County Conn, res Mar 13,2019+ Sig ure of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above-, Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: ❑Corporate Officer — Title(s): ❑Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑Attorney in Fact ❑ Individual ❑Attorney in Fact ❑Trustee ❑ Guardian or Conservator ❑Trustee ❑ Guardian or Conservator ❑Other: ❑ Other: Signer Is Representing: Signer Is Representing: _ 02014 National Notary Association -www.NationalNotary.org - 1-800-US NOTARY(1-800-876-6827) Item#5907 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 September 20, 2016 before me,KIMBERLY WILSON,NOTARY PUBLIC,personally appeared Nicole Caskey, 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 Commission #2062659 WITNESS m hand and official seal. Notary PuWie-Cddornia i y Z 'fir ' Fresno Co—dy Camm.Expires AV 10,2019 Si ature 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 Boat 107 25,1 RV I NE.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 Attornay(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and compacts of suretyship giving and granting unto said Attorneys)In Fact full power and authority to do and to perform every act necessary,requisite or proper to be done In connection therewith as r of Substitution and revocation,and all of the acts of said Attomey(s)in-Feel,pursuant to these each of said corporations could do,but reserving to each of said corporations full powe presents,are hereby ratified and Confirmed. This AND INDEMNITY of Attorney COMPANYgranted and is signed by facsimile INDEMNITY COMPANY OF erand aIFORtJIAtheffec�ve asf the fof January resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY RESOLVED,that a combination of any two of the Chairman of the Board,the President,Executive Vice-President,Senior Vice-President or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the attomey(s)named in the Power of AOomey to execute,on behalf of the corporations,bonds,undertakings and contract of suretyship;and khat the Secretary or arty Assistant Secretary of either of"corporations be,and each of them hereby s,authorized lv attest the execution of any such Power of Attorney; ay be affixed to any such Power of Attorney or to any cartiftcate relating thereto by facsimile,and any such RESOLVED,FURTHER,Oral the signatures of such officers m Power of Attorney or certificate bearing such facsimile signatures shall he 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 Secrelary or Assistant Secretary this 18th day pf April,2016. * J {AND IN C oPAN Y C) By: Daniel Young,Senior Vice-President OCT .5 Y' C 1438 O ku 1967 2 By: �� rOW►� ��a ��c'��IFORN`r a� Mark Lansdon,Vice=PresidentA notary 7 ficate verifies nly te tity of he indivi ual who signed document public or this certificate is completing ed andthis rnot the iruthiUlonesshaccurlacy,ortthe validity of the document State of California County of Orange A r�18 201 fi before me, Lucille Ra mond N0>u Public —On — Here insert N one and Tile of 144(1ifu+ Dale personally appeared - Daniel Young and Mark Lansdon — — Name(s)of 5lgnefts) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)islare subscribed to the within instrument and acknowledged to me that he/she/they executed the same in histherltheir authorized capacity(ies),and that by hislherltheir signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAYMON[] which the person(s)acted,executed the instrument. Commission#f 2081945 y I certify under PENALTY OF PERJURY under the laws of Ore State of California that the foregoing paragraph is Notary Public-CalRornfa I Orange County a true and correct. M Comm.EARires Oct 13,2016 WITNESS my hand and official seal. Place Notary Seal Above Signature— — I ucill y nd,Notary Public CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby certify Ihat 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. AND PANYQ K. This Certificate is executed in the City of Irvine,California,this 2 0 th day of September 2016 y� nV OR4o�PQ �T 0 a OCT. i z– OCT.W 10C3 S ❑�' °- 1 9 3 6 o w 1967 By: n Cassie 3. rrisford,Assistant Se. Lary 0 10%t+ �a �L+* ID-1380(Rev.04116) Bond No.: 705211 S Premium: Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and Fowler Development Company. Inc.. a California Corporation ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6079 is hereby referred to and made a part hereof; and Whereas, under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno ("City") to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. Now, therefore, the principal and Developers S rety and Indemnity Company as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, material men, and rother persons employed in 3the performance of the agreement and referred to in Title 15 Qne Hun re� i'ty ven�fious1nd P ive I�I ed and 80/T�OCivil Code in the sum of dollars {$ 17,500.00 ), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on September 20 , 2016 . Principal_ FOWLER DEVELOPMENT COMPANY, INC. By. - Surety: DEVEL'S URETY AND INDEMNITY COMPANY By: (Surety)Nicole Caske , Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§ 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of 'Fre5-y-� c ,, nn ) On AtM�� �(Pbefore me, 0d1CAQ Cl_- 1Law- Date Were Insert Name and Title of the Officer personally appeared 01�—, A;? � Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(&) whose name(&) is/aF& subscribed to the within instrument and acknowledged to me that he/sheAliey executed the same in his/hertheir authorized capacity(tes), and that by his/4eWtheir signature(s)on the instrument the person(&), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. MADELYN CUELLAR WITNESS my hand and official seal. Commission#2103017 a +r Notary Public-California z Fresno County = Signature INJ Comm.Explres Mar 13,2019 Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑Attorney in Fact ❑ Individual ❑Attorney in Fact ❑Trustee ❑Guardian or Conservator ❑Trustee ❑ Guardian or Conservator ❑ Other: ❑ Other: Signer Is Representing: Signer Is Representing: 02014 National Notary Association - www.NationalNotary.org - 1-800-US NOTARY(1-800-876-6827) Item#5907 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 ofthat document. State of CALIFORNIA County of FRESNO On September 20, 2016 before me, KIMBERLY WILSON,NOTARY PUBLIC,personally appeared Nicole Caskey, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. KIMBERLY WILSON �- Commission#2062659 Z Notary Pubba-California z z Fresno County My Comm.Expires Apr 10,2018 �jgnature 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 0 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 Attorneys)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties.bonds,undertakingsand contracts of suretyship giving and granting unto said Attomey(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 Attomey 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 attomey(s)named in the Power of Attorney to execute,on behalf of the corporations,bonds,undertakings and corflfar is 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 ca tlftcale relating thereto by facstmlle,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 18th day of April,2016. ti films` �t{ANDIyO Q�pANYq ­ By: q,¢�Rpo�r F ��CGG pCT,59 Daniel Young,Senior Vice-President �. a � OCT. � � 2? CT, v m a 10 `� 1 1967 d 1936 W By: , lowti baa ���4416D%,A PAZ Mark Lanstlon,V(ce-President � ,t 1' 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 April 18 2016 before me, Lucille nd Nota Public On Here Insert Name and Title of the Ulm Dale personally appeared Daniel Yaun and Mark Lon don Nmatsl of Signer(;) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)islare subscribed to the within instrument and acknowledged to me that helshellhey executed the same in hislherfttteir authorized capacity(ies),and that by hislherltheir signature(s)on the instrument the person(s),Or the entity upon behalf of LUCILLE RAYMOND which the person(s)acted,executed the Irtstrumen L Commission#f 2001945 Notary Public-CslNofnia I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Z ? Oranpe Countyr hue and correct. M Comm. Expires Oct 13 2018 N r WITNESS my hand and official seal. Place Notary Seal Above Signature Lural) y nd,Notary Public CERTIFICATE The undersigned,as Secretary orAsslstartt Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby certify Shat 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 torch in the Power of Attorney are In force as of the date of this Certificate. PANY This Certificate is executed in the City of Irvine,California,this 20th day of Septembe'r 2016 rn�¢oo�o `� aO�POp q C, w 2 OCT. 2 QCT.5 Fp By: 1.J"��`•(/ 10 0 p 1 9 3 6 p 1987 Cassie J. msferd,Assistant S�tary �' 1Owt,' a �r r�ZIPM ID-1380(Rev.04116) 9/23/2016 Company Profile CALIFORNIA DEPAHTMENT OF IMSURAMAJ 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 150N Request for SACRAMCNTO CA 95833 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 12718 Quarterly Statements California Company ID #: 4606-0 Company Complaint [Date Authorized in California: 08/30/1999 Company Performance & License Status: UNLIMITED-NORMAL Comparison Data - -- Company Company Type: I 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 LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY back to top https://interacbve.web.insurance.ca.gov/companyprofiletcompanyprofile?event=companyProfiile&doFuncbon=getCompanyProfile&eid=100170 1/2 9/23/2016 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services Rating Search: Search Advanced Search A_Print this❑acre Developers Surety and Indemnity Company ?� A.M.Best#:011752 NAIC M 12718 FEIN M 420429710 Mailing Address View Additional Address Information Firwmcial 5&mo Rating P.O. Box 19725 e�sr Irvine, CA 92623-9725 A ftcailant United States Assigned to insurance companies that have, in our Web: www.amtrustsurety.com opinion, an excellent ability to Phone: 949-263-3300 meet their ongoing insurance Fax: 949-252-1959 obligations. Based on A.M. Best's analysis, 051002 - AmTrust Financial Services. Inc is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure. Best's Credit Ratings Financial Strength Rating View Definition Rating: A (Excellent) Affiliation Code: r (Reinsured) Financial Size Category: XIV($1.5 Billion to $2 Billion) Outlook: Stable Action: Affirmed Effective Date: July 08, 2016 Initial Rating Date: January 29, 1996 Long-Term Issuer Credit Rating View Definition Long-Term: a Outlook: Stable Action: Affirmed Effective Date: July 08, 2016 Initial Rating Date: June 06, 2007 u Denotes Under Review Best's Rating http://www3.am best.com/ratings/entities/Com panyProfi Ie.aspx?ambnum=11752&U RATIN GID=2392449&M CToken=24711748881227488100114281366224780. . 1/4 9/23/2016 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center ocat a aIFWUIt Mauny r►naiyat Rating Issued by: A.M. Best Rating Services, Inc. Assistant Vice President: Jennifer Marshall, CPCU, ARM Vice President: Michael J. Lagomarsino, CFA, FRM Disclosure Information 2 View A.M. Best's Rating Disclosure Form � A.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries W July 08, 2016 Rating History A.M. Best has provided ratings &analysis on this company since 1996. Financial Strength Effective Date Rating 7/8/2016 A 5/29/2015 A 5/30/2014 A 1/8/2014 A 9/20/2013 A- u 6/17/2013 A- 5/31/2012 A- Long-Term Issuer Credit Effective Date Rating 7/8/2016 a 5/29/2015 a 5/30/2014 a 1/8/2014 a 9/20/2013 a- u 6/17/2013 a- 5/31/2012 a- http:/twww3.am best.com/ratings/entities/Com panyProfile.aspx?ambnum=11752&U RATI N GID=2392449&M CToken=24711748881227488100114281366224780... 2/4 9/23/2016 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center AMB Credit Reports 1 AMB Credit Report - includes Best's Financial Strength Rating and rationale along with comprehensive analytical commentary, detailed business overview and key financial data. Report Revision Date: 9/14/2016 (represents the latest significant change). =-- Historical Reports are available in AMB Credit Report Archive. i K View additional news, reports and products for this company. Press Releases Date Title Jul 08,2016 A.M. Best A 'r i Trust Financial Services Inc.and its Subsidiaries May 29, 2015 A.M. Best Affirms Ratings of AmTrust Financial Services.Inc.and Its Subsidiaries Apr 23, 2015 A.M. Best Places Ratings of Springfield insurance Company Under Review With Positive Impiicatiorns Jan 08,2014 A.M. Best Upgrades Ratings of Developers 5urety and Indemnity Company and Indemnity Co pang❑f California j Sep 20, 2013 A.M. Best Places Ratings of Develp ers Surety and Indemnity Company and indainnity Com an of California ff Under Review May 31, 2012 A.M. Best Revises Outlook to Negative for Developers Surety and Indemnity and Its SubsidjaM lridemnlly f Company of California f i 4 f L 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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