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HomeMy WebLinkAboutPM 2017-05 - Cashier Memo - 7/18/2018 't'°' MEMORANDUM it PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: July 18, 2018 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR PARCEL MAP NO. 2017-05 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$158,000.00 2. Payment Bond in the amount of$83,000.00 3. Check in the amount of$8,000.00 for 5% Performance Security (Citizens Business Bank No. 2254) 4. Check in the amount of$4,678.00 (Citizens Business Bank No. 2255) a. $200.00 for Balance on Exhibit B of Subdivision Agreement b. $4,478.00 for Document Preparation Fees; deposit into 180503 10101 34559 5. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel C''y°fMEMORANDUM Qc��lt-�`�- PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: July 13, 2018 TO: HEIDI BRIGGS Personnel Services Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR PARCEL MAP NO. 2e&F-% 2017-15 Attached are original bonds required for the subdivision agreement for the Parcel Map. Please review the following bonds for conformity to City acceptance policies: 1. Performance Bond in the amount of: $158,000.00 2. Payment Bond in the amount of: $83,000.00 If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel RISK MANAGEMENT 01VISION Approved ., AP raved wl Manges [..] RECENED JU�1 3 2019 CITY OF FRESNO Personnel Services Department OFFICIAL USE ONLY Bond No.; 4421137 Premium: $3,660.00 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas the City Council of the City of Fresno, State of California, and DDYS Investments,LLC ("prindpal') will be entering Into an agreement whereby principal agrees to Install and complete certain designated public Improvements, which said agreement, Identified as Subdivision Agreement for Parcel Map No. 2017-05 . Is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore,we, the principal and SureTcc Insurance Company as surety, are held and firmly bound unto the City of Fresno ("City"), In the penal sum of One hundred fifty-eighi thousand and noll00ths--- dollars($ 1S8.0GQ.- Q )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 respells 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 obllgations 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 ]t11y 12 20 i H PrincipalI DDYS Investments,LLC By: (Principal) Surety; -Stu•c Tec Insurance Company " (Surety) Dana Michaelis,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 San Diego On July 12, 2018 before me, Pam Davis Notary Public, Date Insert Name of Notary exactly as it appears on the official seal personally appeared Dana Michaelis 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 VIS } person(s), or the entity upon behalf of which the person(s) MA& 165394 w acted, executed the instrument. CALIFORNIACOUNTY1 certi under PENALTY OF PERJURY under the laws of Oct.20,2020 the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. Signature Place Notary Seal Above Signature of Notary Public Pain Davis OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of the form to another document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s)Other Than Named Above: Capacity(les)Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer—Title(s): ❑ Corporate Officer —Title(s): ❑ Partner ❑Limited ❑General ❑ Partner ❑Limited❑General d Attorney in Fact RIGHTTHUMBPRINT ❑ Attorney in Fact •` ❑ Trustee OF SIGNER Trustee ❑ Guardian or Conservator Top of thumb here ❑ Guardian or Conservator Top of thumb here ❑ Other: ❑ Other: Signer is Representing: Signer is Representing Post. 510138 SureTec Insurance Company LIMITED POWER OF ATTORNEY Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents make,constitute and appoint Anne Wright,Cyndi Beilman, Dana Michaelis its true and lawful Attorney-in-fact,with full power and authority hereby conferred in its name,place and stead,to execute, acknowledge and deliver any and all bonds,recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the conditions of contracts and consents of surety for,providing the bond penalty does not exceed Five Million and 00/100 Dollars($5,000,000.00) and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate seal of the Company and duly attested by its Secretary,hereby ratifying and confirming all that the said Attomey-in-Fact may do in the premises. Said appointment shall continue in force until 12131/2019 and is made under and by authority of the following resolutions of the Board of Directors of the SureTec Insurance Company: Be it Resolved, that the President, any Vice-President, any Assistant Vice-President, any Secretary or any Assistant Secretary shall be and is hereby vested with full power and authority to appoint any one or more suitable persons as Attorney(s)-in-Fact to represent and act for and on behalf of the Company subject to the following provisions: Attorney-in-Fact may be given full power and authority for and in the name of and of behalf of the Company,to execute, acknowledge and deliver,any and all bonds,recognizances,contracts,agreements or indemnity and other conditional or obligatory undertakings and any and all notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary. Be it Resolved, that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or any certificate relating thereto by facsimile,and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is attached- (Adopted at a meeting held an 20`*of April, 1999) In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal to be hereto affixed this stn day of May ,A.D. 2017 . N, SURETEC E ANY U'aAnt By: Lu John Knox resi nt State of Texas ss: 7 • fir/ County of Harris - On this 9th day of May A.D. 2017 before me personallycame John Knox Jr.,to me known,who,being by me duly sworn,did depose and say,that he resides in Houston, Texas,that he is President of SURETEC INSURANCE COMPANY,the company described in and which executed the above instrument;that he knows the seal of said Company;that the seal affixed to said instrument is such corporate seal;that it was so affixed by order of the Board of Directors of said Company;and that he signed his name thereto by like order. •''""'`'►+ XENIA CHAVEZ ��otiy,Rr Ass•: _rsNotary Public,State of Testas Comm.Expires 09-10-2020 Tf" �` X sa avc Nota Public •+„°;,,.+� Notary ID 129117659 r3 y commission expires September 10,2020 I,M.Brent Beaty,Assistant Secretary of SURETEC INSURANCE COMPANY,do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney,executed by said Company,which is still in full force and effect;and furthermore,the resolutions of the Board of Directors, set out in the Power of Attorney are in full force and effect. Given under my hand and the seal of said Company at Houston, Texas this 12th AdayofJul 2018 A.D. nt Be- y,Assistant Se .•ef ary Any instrument issued in excess of the penalty stated above is totally void and without any validity. For verification of the authority of this power you may call(713)812-0800 any business day between 8:00 am and 5:00 pm CST. Bond No.: 4421137 Premium: Included in Performance Bond SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas,the City Council of the City of Fresno, State of California, and DRYS Investments.LLC ("principal") have entered or will be entering Into an agreement whereby the principal agrees to Install and complete certain designated public Improvements, which agreement, Identified as Subdivision Agreement for Parcel Map No. 2017-05 . 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 SureTec Insurance Companv as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, materialmen, and other persons employed In the performance of the agreement and referred to In Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code In the sum of Eighty-t free thousand and no/100t1ts----- dollars ($ 83.000.00 ), for materials fumished 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 July 12 20 18 PrindI. DDYS Investments,LLC By:. (Principal) surety: SureTec Insurance Company By. (Surety) Dana Michaelis,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 San Diego On July 12. 2018 before me, Pam Davis Notary Public, Date Insert Name of Notary exactly as it appears on the official seal personally appeared Dana Michaelis 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 M DAVISVVI """ person(s), or the entity upon behalf of which the person(s) S = COMM.#2165394 acted, executed the instrument. y '- NOTARY PUBLIC•CALIFORNIA SAN DIEGO COUNTY I certify under PENALTY OF PERJURY under the laws of CommissionExpl—rO f*2o, 2020 the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. Signature ( zzam "- 1lrL� Place Notary Seal Above Signature oMotary Public Pam Davis OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of the form to another 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) I Signer's Name: Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer—Title(s): ❑ Corporate Officer —Title(s): ❑ Partner ❑Limited ❑General ❑ Partner ❑Limited❑General d Attorney in Fact ;■- ❑ Attorney in Fact RIGHTTHUMBPRINT ❑ Trustee OF ❑ Trustee OF ❑ Guardian or Conservator Top of thumb here ❑ Guardian or Conservator Top of thumb here ❑ Other: ❑ Other: Signer is Representing Signer is Representing: POA#: 510138 SureTec Insurance Company LIMITED POWER OF ATTORNEY Know All Men by These Presents, That SURETEC INSURANCE COMPANY (the "Company"), a corporation duly organized and existing under the laws of the State of Texas, and having its principal office in Houston, Harris County, Texas, does by these presents make,constitute and appoint Anne Wright,Cyndi Beilman, Dana Michaelis its true and lawful Attorney-in-fact,with full power and authority hereby conferred in its name,place and stead,to execute, acknowledge and deliver any and all bonds,recognizances, undertakings or other instruments or contracts of suretyship to include waivers to the conditions of contracts and consents of surety for,providing the bond penalty does not exceed Five Million and 00/100 Dollars($5,000,000.00) and to bind the Company thereby as fully and to the same extent as if such bond were signed by the President, sealed with the corporate seal of the Company and duly attested by its Secretary,hereby ratifying and confirming all that the said Attomey-in-Fact may do in the premises. Said appointment shall continue in force until 12/31/2019 and is made under and.by authority of the following resolutions of the Board of Directors of the SureTec Insurance Company: Be it Resolved, that the President, any Vice-President, any Assistant Vice-President, any Secretary or any Assistant Secretary shall be and is hereby vested with full power and authority to appoint any one or more suitable persons as Attomey(s)-in-Fact to represent and act for and on behalf of the Company subject to the following provisions: Attorney-in-Fact may be given full power and authority for and in the name of and of behalf of the Company,to execute, acknowledge and deliver,any and all bonds,recognizances,contracts,agreements or indemnity and other conditional or obligatory undertakings and any and all notices and documents canceling or terminating the Company's liability thereunder, and any such instruments so executed by any such Attomey-in-Fact shall be binding upon the Company as if signed by the President and sealed and effected by the Corporate Secretary. Be it Resolved,that the signature of any authorized officer and seal of the Company heretofore or hereafter affixed to any power of attorney or any certificate relating thereto by facsimile,and any power of attorney or certificate bearing facsimile signature or facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to.which it is attached. (Adopted at a meeting held on 20't of April, 1999) In Witness Whereof, SURETEC INSURANCE COMPANY has caused these presents to be signed by its President, and its corporate seal to be hereto affixed this stn day of May ,A.D. 2017 . SURETEC l; ANY �SURANDF ,.. $G % .......11DD La w y= John Knox resl nt State of Texas ss: 7�, S�SY � 1 County of Hams -• On this 9th day of May A.D. 2017 before me personally came John Knox Jr.,to me known,who,being by me duly sworn,did depose and say,that he resides in Houston, Texas, that he is President of SURETEC INSURANCE COMPANY,the company described in and which executed the above instrument;that he knows the seal of said Company;that the seal affixed to said instrument is such corporate seal;that it was so affixed by order of the Board of Directors of said Company;and that he signed his name thereto by like order. •�""'r"r. XENIA CHAVEZ 1�Y pUd i � _10*5 Notary Public,State of Texas �q: *t Comm.Expires 09-10-2020 r�'•2E°i,;;�` Notary ID 129117659 X is avez,Notary Public 1v commission expires September 10,2020 I,M.Brent Beaty,Assistant Secretary of SURETEC INSURANCE COMPANY,do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney,executed by said Company,which is still in full force and effect;and furthermore,the resolutions of the Board of Directors,set out in the Power of Attorney are in full force and effect. Given under my hand and the seal of said Company at Houston,Texas this 12th d,y o f J 2018 A.D. 1.R nt Be ,Assistant Se etary Any instrument issued in excess of the penalty stated above is totally void and without any validity. For verification of the authority of this power you may call(713)8i2-0800 any business day between 8:00 am and 5:00 pm CST. 7/18/2018 Company Profile CALIFORNIA DEPARTMENTi COMPANY PROFILE Company Profile Company Search Company Information Company Information SURETEC INSURANCE COMPANY Old Company 1330 POST OAK BLVD., SUITE 1100 Names HOUSTON, TX 77056 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' Vivian Imperial Compensation 818 WEST SEVENTH STREET Complaint and SUITE 930 Request for LOS ANGELES CA 90017 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 10916 Quarterly California Company ID #: 4914-8 Statements Company Complaint Date Authorized in California; 10/24/2005 Company Performance& License Status: ruNLIMITED-NORMAL Comparison Data Company Company Type: Property &Casualty Enforcement Action State of Domicile: TEXAS Composite — - Complaints Studies Additional Info back to top Find A Company Representative In NAIC Group List Your Area View Financial Disclaimer NAIC Group #. 0785 MARKEL CORP GRP Lines Of Business The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the glossary. SURETY back to top © 2008 California Department of Insurance https.i/interactive.web.Insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFuncUon=getCompanyProfile&eid=105670 1/1 7/18/2018 SureTec Insurance Company-Company Profile-Best's Credit Rating Center SureTec Insurance Company A.M.Best#: 012227 NAIC M 10916 FEIN M 760568746 Domiciliary Address 11111!1W lbmg ,pig 1330 Post Oak Blvd. Suite 1100 :.eesr Houston, TX 77056 A Bccal!Wnt United States Assigned to insurance companies that have, in our Web: www.suretec.com opinion, an excellent ability to Phone: 713-812-0800 meet their ongoing insurance Fax: 713-812-0406 obligations. View additional news, reports and products for this company. Based on A.M. Best's analysis, 058405- Markel Corporation is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure. Best's Credit Ratings Financial Strength Rating View Definition Rating: A (Excellent) Financial Size Category: VIII ($100 Million to $250 Million) Outlook: Stable Action: Affirmed Effective Date: December 20, 2017 Initial Rating Date: September 20, 2002 Long-Term Issuer Credit Rating View Definition Long-Term: a Outlook: Positive Action: Affirmed Effective Date: December 20, 2017 Initial Rating Date: January 09, 2008 http:llratings.ambest.com/CompanyProfle.aspx?ambnum=12227&URatingld=23924-49&bl=0&AltSrc=9&PPP=&AltNum=O&Ext_User--&Ext Misc=&Po... 114 7/18/2018 SureTec Insurance Company-Company Profile-Best's Credit Rating Center u Denotes Under Review Best's Rating Best's Credit Rating Analyst Rating Issued by: A.M. Best Rating Services, Inc. Director: Jennifer Marshall, CPCU, ARM Senior Director: Michael J. Lagomarsino, CFA, FRM Disclosure Information Disclosure Information Form View A.M. Best's Rating Disclosure Form Press Release A.M. Best Affirms Credit Ratings of Markel Corporation and Most Subsidiaries December 20, 2017 i Rating History A.M. Best has provided ratings & analysis on this company since 2002. Financial Strength Rating Effective DateRating 12/20/2017 A 2/3/2017 A u 2/24/2016 A 2/6/2015 A 1/31/2014 A Long-Term Issuer Credit Rating Effective DateRating 12/20/2017 a 2/3/2017 a u 2/24/2016 a 2/6/2015 a 1/31/2014 a http://ratings.ambest.com/CompanyProfile.aspx?ambnum=l 2227&U Rating Id=2392449&bl=O&AltSrc=9&PPP=&AltNum=O&Ext_User=&Ext_Misc=&Po... 2/4 7/18/2018 SureTec Insurance Company-Company Profile-Best's Credit Rating Center 1 Related Financial and Analytical Data The following links provide access to related data records that A.M. Best utilizes to provide financial and analytical data on a consolidated or branch basis. AMB # Company Name Company Description 019152 Markel Surety Represents the "as filed" Company Consolidated financials for the Group (C) Property/Casualty business of this legal entity. 018838 Markel Surety Represents the A.M. Best Consolidated financials for the Property/Casualty Group (SG) business of this legal entity. Rating Unit Best's Credit Reports Best's Credit Report -Where applicable, includes Best's Financial Strength Rating and rationale along with comprehensive analytical commentary, detailed business overview and key financial data. Report Revision Date: 1/8/2018 (represents the latest significant change). I= Historical Reports are available in Best's Credit Report Archive. View additional news, reports and products for this company. Press Releases Date Title Dec 20,2017 A.M.Best Affirms Credit Ratings of Markel Corporation and Most Subsidiaries Feb 03, 2017 A.M. Best Places Credit Ratings of SureTec Insurance Co.and SureTec Indemnity Co. Under Review with Positive Implications Feb 06, 2015 A.M. Best Revises Outlook of Issuer Credit Rating to Positive for SureTec Insurance Company Jan 31,2014 A.M. Best Affirms Ratings of SureTec Insurance Company and Assigns Ratings to Its Subsidiary, SureTec Indemnity Company Apr 23,2009 A.M. Best Upgrades Ratings of SureTec Insurance Company Find a Best's Credit Rating http://ratings.ambest.com/CompanyProfile.aspx?ambnum=12227&URatingld=2392449&bl=0&AltSrc=9&PPP=&AltNum=O&Ext. User=&Ext_Misc=&Po... 3/4 7/18/2018 SureTec Insurance Company-Company Profile-Best's Credit Rating Center Enter a Company Name Go Advanced Search How to Get a A+ Basra Credit Rating .� Best's Credit Ratings Mobite App European Union Disclosures A.M. Best-Europe Rating Services Limited (AMBERS), a subsidiary of A.M. Best Rating Services, Inc., is an External Credit Assessment Institution (ECAI)in the European Union(EU).Therefore, Credit Ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006/48/EC. Australian Disclosures A.M.Best Asia-Pacific Limited (AMBAP),Australian Registered Body Number(ARBN No.150375287), is a limited liability company incorporated and domiciled in Hong Kong.AMBAP is a wholesale Australian Financial Services(AFS)Licence holder(AFS No. 411055)under the Corporations Act 2001. Credit Ratings emanating from AMBAP are not intended for and must not be distributed to any person in Australia other than a wholesale client as defined in Chapter 7 of the Corporations Act.AMBAP does not authorize its Credit Ratings to be disseminated by a third-party in a manner that could reasonably be regarded as being intended to influence a retail client in making a decision in relation to a particular product or class of financial product.AMBAP Credit Ratings are intended for wholesale clients only, as defined. Credit Ratings determined and disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst.AMBAP Credit Ratings are statements of opinion and not statements of fact. They are not recommendations to buy, hold or sell any securities or any other form of financial product, including insurance policies and are not a recommendation to be used to make investment /purchasing decisions. Important Notice: A.M. Best's Credit Ratings are independent and objective opinions, not statements of 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 not recommendations to buy, sell or hold securities,or to make any other investment decisions. For additional information regarding the use and limitations of Credit Rating opinions, as well as the rating process, information requirements and other rating related terms and definitions, please view Understanding Best's Credit Ratings. About I Site Map I Customer Service I My Account I Contact I Careers I Terms of Use I Privacy Policy I Security I Legal& Licensing Regulatory Affairs-Form NRSRO-Code of Conduct-Rating Methodology-Historical Performance Data Copyright©2018 A.M. Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED. hUp://ratings.ambest.com/CompanyProfile.aspx?ambnum=12227&URating Id=2392449&bl=0&AItSrc=9&PPP=&AItNum=O&Ext_User=&Ext_-Misc=&Po... 4/4 DDYS INVESTMENTS III,LLC 2254 City of Fresno 6/14/2018 Date Type Reference Original Amt. Balance Due Discount Payment 8,000.00 6/14/2018 Bill 8,000.00 8,000.00 Check Amount 8,000.00 Citizen Bank#9730 8,000.00 DDYS INVESTMENTS III,LLC 2255 City of Fresno 6/14/2018 Date Type Reference Original Amt. Balance Due Discount Payment 6/14/2018 Bill 4,678.00 4,678.00 4,678.00 Check Amount 4,678.00 CIizen Bank#9730 4,678.00