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HomeMy WebLinkAboutT-6222 - Cashier Memo - 10/17/2018 City of MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 17, 2018 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6222 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$3,342,000.00 2. Payment Bond in the amount of$1,759,000.00 3. 5% Performance Security a. Check in the amount of$176,000.00 (Citibank N.A. No. 02711643) 4. Document preparation fees deposit into 180503 10101 34559 a. Check in the amount of$7,387.00 (Citibank N.A. No. 02711575) 5. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$319,139.79 (Citibank N.A. No. 02711675) 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank yo Jonathan Bartel e��■�� MEMORANDUM rn�`�■ri 14�i PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 15, 2018 TO: HEIDI BRIGGS Personnel Services Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 6222 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: $3,342,000.00 2- Payment Bond in the amount of: $1,759,000.00 If you have any questions, please contact me at 621-8684. Thank you, Jonathan artel RISK MANAGEMENT❑ Slow Approved A proved wl nges Lj Bond No.: 024234002 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and KB Home Sacramento Inc. ("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. 6222 , 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 Liberty Mutual Insurance Company as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of Three Million Three Hundred Forty Two Thousand and 00/100 dollars ($3.342.000.00 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 October 11th 2018 Principal: KB Home ramento Inc. By: (Principal) Ure : Li rty Mutual Insurance Pompany �Y: �ndlkCCLAtfq ( r Brenda Wong,Attorney-i act CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189 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 Los Angeles OCT 1 1 1018 On before me, Kari Davis, Notary Public, personally appeared Brenda Wong who proved to me on the basis of satisfactory evidence to be the person(-s) whose name(&)�is/aresubscribed to the within instrument and acknowledged to me that be/she/they executed the same in #i-s/her/fir authorized capacity{-ies}, and that by #fs/her/their signature(s) on the instrument the person(s), 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 �eal. i (seal) Signature Kari bivis, Notary Public KARI DAVIS NotaryPublic-California G - Los Angeles County Commission p 2220632 My Comm.Expires Nov 4,2021 TRIS'POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No.7719388 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire,that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana(herein collectively called the"Companies'),pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Brenda Won •Kari Davis;Kathy R.Mair•Mechefle Larkin;Tenzer V.Cunningham all of the city of_Los Angeles state of CA each individually if(here be more than one named,its true and lawful attorney-in-fact to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as Its act and deed,any and all undertakings,bonds,recognizances and other surely obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 5th day of April 2017 M �- The Ohio Casualty Insurance Company w `^ C, 5 Liberty Mutual Insurance Company m 19 i 9 1 912 r ,`.' 1991 z = West merle,in Insurance Company C STATE OF PENNSYLVANIA ss David M.Carey Assistant Secretary M 12 COUN I Y OF MON I GUMEHY _ r_ On this 5th day of April 2017 before me ersonall a eared David M.Care who acknowled ed himself to be the Assistant Secreta of Libert Mutual Insurance U ,r personally Pp Y. 9 Secretary Y 1%!-• U d Company,The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do,execute the foregoing instrument for the purposes >.,U) LU p 2 therein contained by signing on behalf of the corporations by himself as a duly authorized officer. to = > IN WITNESS WHEREOF,I have hereunto subscribed my name and affixed my notarial seal at King of Prussia,Pennsylvania,on the day and year first above written. p CL ,p PAST COMMONWEALTH OF PENNSYLVANIA, - " , } },■/n! ®� Q M —a ry'�,paµuurrFgr��f Notarial Sea] ,�` -D�� I({,Q VG�iJ 4 0 r^ 'T v Teresa Pastella.Notary Public By. """" __ C 0 ` °r tipper Motion Twp.,Montgomery County Teresa Pastella,Notary Public y C p7 My Commission Expires March 29,2021 M O � 3i, tiG Member:Pennsylvania Assaaation of Notaries G E C` This Power of Attorney is made and executed pursuant o and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual N 0 Qy +, Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: s C 137 N r.Ci a! ARTICLE IV-OFFICERS-Section 12.Power of Attorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O C g,S to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, +d O,� acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective powers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so 0 n i executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attorney-in-fact under >c I"' T the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. s f—Mc ARTICLE XIII-Execution of Contracts-SECTION 5.Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, 00 > and subject to such limitations as the chairman or the president may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L.M p seal,acknowledge and deliver as surety any and all undertakings,bonds, recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their v respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so v o executed such instruments shall be as binding as if signed by the president and aftesled by the secretary. a cfl Certificate of Designation-The President of the Company,acting pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attorneys-in- ~ fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization-By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surely bonds.shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renee C. Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company, Liberty Mutual Insurance Company, and West American Insurance Company do hereby certify that the original power of attorney of which the foregoing is a full, true and correct copy of the Power of Attorney executed by.said Companies, is in full force and effect and has not been revoked. q p IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies this day of O T 1 LO,8 20 ,{it�1tlT. fy 1F71:rN .il1H}try}r_ l7 t7 r. lava 1912 r• '` 1391 BY .. �? _Y Renee C.Llewe , sistant Secretary If 218 of 250 M45 12873 0221717 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 B� hlH9Y�$ . fes#��� �:irf�:i'kl;."[I�F,fif3�rSt3�E324€FOf�3tiS".L�`P+€�i�a'4e'i'ieSf2S6£ir�.tr?>SS�ih3tii4}�'L??!1`�L�€4 �+343f 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 1 County of N(�CPX' J} On 10 112,L20 19 before me, Date Here Insert Name and Atle of the tfficer personally appeared !p o PO►MIq6t, Nome(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing SAMANTHA SEE-INE LAW paragraph is true and correct. :; 'a Notary Public-California �Y Placer County WITNESS my hand and official seal. Commission k 2246971 My Comm.Expires Jun 21,2022 Signature Place Notary Seal and/or Stamp Above Sign e of ferry ub1►c - - - - - - 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:,iihdi Vit( �ilf era,V t pfi1r�Y 7_G re-, ohoI6 Document Date: j Irl�eLQ�tai Number of Pages 1 Signer(s) Other Than Named Above:�rend"ovm 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 of Conservator ❑ Trustee ❑ Guardian of Conservator ❑ Other: ❑ Other: Signer is Representing: Signer is Representing: MtS.r�14t¢F? MMORI-1;""M7I ©2017 National Notary Association Bond No.: 024234002 SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and KB Home Sacramento Inc. ("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. 6222 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 Liberty Mutual Insurance 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 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code in the sum of One Million Seven Hundred Fifty Nine Thousand and 00/100 dollars ($ 1,759,000 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 October 11th 20 18 Principal; KB Home Sacrament By: (Principal) Li rty Mutual Imuran pany �y: Eire a o g ( Trety) Attu y-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 51189 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 Los Angeles OCT 1 1 2016 On before me, Kari Davis, Notary Public, personally appeared _ Brenda Wong who proved to me on the basis of satisfactory evidence to be the person(s) whose nam (&) is/are-subscribed to the within instrument and acknowledged to me that 14e/she/t4ey executed the same in kms/her/their authorized capacity{ies}, and that by #mss/her/the signature(&) on the instrument the person(s), or the entity upon behalf of which the person(&) acted, executed the instrument. 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. (seal) Signature Kari Davis, Notary Public KARI DAVIS Notary Public—California Los Angeles County Commission#2220632 My Comm.Expires Nov 4,2021 THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED ON RED BACKGROUND. This Power of Attorney limits the acts of those named herein,and they have no authority to bind the Company except in the manner and to the extent herein stated. Certificate No, 7719389 Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRESENTS:That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire,that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana(herein collectively called the"Companies"),pursuant to and by authority herein sal Forth,does hereby name,constitute and appoint, Brenda Won •Kari DaviS•Kathy R.Mair Mechelle Larkin-Tenzer V.Cunnin ham all of the city of Las Al state of CA each individually if there be more than one named,its true and lawful aliomey-in•facl to make,execute,seal,acknowledge and deliver,for and on its behalf as surety and as its act and deed,any and all undertakings,bonds,recognizances and other surety obligations,in pursuance of these presents and shall be as binding upon the Companies as if they have been.duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF,this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 5th day of Aril 2017 j, M �%�°LI„s a �� �4�u sr,k�fr� The Ohio Casualty Insurance Company y 4 n liz o 1��1 Liberty Mutual Insurance Company c WestAnterican Insurance Company to } yt ■ e By: ;w STATE OF PENNSYLVANIA ss David M.Care Assistant Secretary a M COUNTY OF MONTGOMERY C On this 5th day of April , 2017,before me personally appeared David M.Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance v F- 0 y Company, The Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do,execute the foregoing instrument for the purposes >,N O 2 therein contained by signing on behalf of the corporations by himself as a duly authorized officer. i W W > IN WITNESS WHEREOF,I have hereunto subscribed my name and affixed my notarial seal at King of Prussia,Pennsylvania,on the day and year first above written. O Q y 3 yp PA3r COMMONWEALTH OF PENNSYLVANIA Q M Notarial Seal 4-4 a Pasteila,Notary Public By: _ _ Oi of [U1,,.,1A,�,�,il0nTWp.,Montgomery County Teresa Pastella,Notary Public y zS ssion Expires March 2B.2021 3 R OY._,cC� MankLwr,PunrWylranig Association of Notarias a E 41 Y� C M This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual 0 p Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: r G ARTICLE IV—OFFICERS—Section 12.Power of Attorney.Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President,and subject O r- 0 to such limitation as the Chairman or the President may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Corporation to make,execute,seal, d O= acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact,subject to the limitations set forth in their respective powers of attorney,shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so d 6 executed,such instruments shall be as binding as if signed by the President and attested to by the Secretary.Any power or authority granted to any representative or attorney-in-fact under > the provisions of this article may be revoked at any time by the Board,the Chairman,the President or by the officer or officers granting such power or authority. t ARTICLE XIII—Execution of Contracts—SECTION 5.Surety Bonds and Undertakings.Any officer of the Company authorized for that purpose in writing by the chairman or the president, E oQ and subject to such limitations as the chairman or the president may prescribe,shall appoint such attorneys-in-fact,as may be necessary to act in behalf of the Company to make,execute, L M p seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attorneys-in-fact subject to the limitations set forth in their o? respective powers of attorney,shall have full power to bind the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so v o executed such instruments shall be as binding as if signed by the president and attested by the secretary. O n— Certificate of Designation—The President of the Company,acting pursuant to the Bylaws of the Company,authorizes David M.Carey,Assistant Secretary to appoint such attorneys-in- ~ fact as may be necessary to act on behalf of the Company to make,execute,seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Authorization—By unanimous consent of the Company's Board of Directors,the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company,wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds,shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renes C. Llewellyn, the underslgned, Assistanl Secretary, The Ohio Casualty Insurance Company, Llberty Mutual Insurance Company, and West American Insurance Company do hereby cal that the onglnal power of attorney of which the foregoing is a full,Ime and correct copy of Iha Power of Attorney executed by said Companies,is in full force and effect and has not been revoked. n C T 1 12018 20 1 o IN TESTIMONY WHEREOF.l have hereunto set my hand and a�lxed the seals of said Companies Ihis................ .day of iJ U ,20 �yLYIN$ 9ry. ��1KSVq,� ttilHslr��l. V D 1919 1912 a 1991 , By: x„ g a n "• Renee C.Llevr Assistant Secretary 7 tk � ■ 219 of 250 LMS 12873 022017 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 1 County of Pj_(XC�,r J} On 1011211,0to before me, St1MtLi.- 4 ,fCP_—j kja Law-NOVA POW Date Here Insert Name and Title of tie Officer personally appeared Geo f Q,r(t:[Ck, _ Name(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s)on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the ., SAMANTHA SEE-INE LAW laws of the State of California that the foregoing : Notary Public California paragraph is true and correct. avr.•: Placer County Commission C 2246971 WITNESS my hand and official seal. My Comm.Expires Jun 21,2022 Signature IQ rAr-__ Place Notary Seal and/or Stamp Above SignoW ofo ry Public 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: SI1r3 d)V Isl Cn I ftrQVeOi rw At Wad Document Date: 101►I/7-01 p, --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 of Conservator ❑ Trustee ❑ Guardian of Conservator ❑ Other: ❑ Other: Signer is Representing: Signer is Representing: rt�x}us;.;p�i�e 3ai#ti�S4FtL.k^.�':;§S;e1i�'{k�.s�?s?�;?34?NSC�i'rfV.•`riFit._i43'tttCE�i�:i3f#�ti�ts4ei{�Si@'��`�k�6`{'+a�.t.Y3,'�.?'rl�i�f3 ©2017 National Notary Association 10/17/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Liberty Mutual Insurance Company A.M. Best#: 002283 NAIC#:23043 FEIN#: 041543470 Domiciliary Address AnwcIid9trwS*RaU,g 175 Berkeley Street ;,eesr Boston, MA 02117 A Bccallent United States Assigned to insurance companies that have, in our Web: opinion, an excellent ability to www.LibertyMutualGroup.com meet their ongoing insurance Phone: 617-357-9500 obligations. Fax: 617-574-5955 View additional news, reports and products for this company. Based on A.M. Best's analysis, 051114 - Liberty Mutual Holding Company 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: p (Pooled) Financial Size Category: XV ($2 Billion or greater) Outlook: Stable Action: Affirmed Effective Date: May 16, 2018 Initial Rating Date: June 30, 1922 Long-Term Issuer Credit Rating View Definition Long-Term: a Outlook: Stable Action: Affirmed http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AltSrc=9&PPP=&AltNum=O&Ext_User=&Ext__Misc=&Port. . 1/5 10/17/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Effective Date: May 16, 2018 Initial Rating Date: November 23, 2004 u Denotes Under Review Best's Rating Best's Credit Rating Analyst Rating Issued by: A.M. Best Rating Services, Inc. Senior Financial Analyst: Gregory Dickerson Senior Director: Michael J. Lagomarsino, CFA, FRM Disclosure Information Disclosure Information Form View A.M. Best's Rating Disclosure Form Guarantor(s) - also see the Rating Disclosure Form for the following companies, as they guarantee rated debt issues for this company. 051114- Liberty Mutual Holding Company Inc. Press Release A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc. and Its Subsidiaries May 16, 2018 Rating History i A.M. Best has provided ratings & analysis on this company since 1922. Financial Strength Rating Effective DateRating 5/16/2018 A 3/8/2017 A 10/8/2015 A 9/24/2014 A 8/14/2013 A Long-Term Issuer Credit Rating http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AltSrc=9&PPP=&AItNum=O&Ext_User=&Ext Misc=&Port... 2/5 10/17/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Effective DateRating 5/16/2018 a 3/8/2017 a 10/8/2015 a 9/24/2014 a 8/14/2013 a Rated Issues Issue Credit Ratings Date Effective Outlook/ Amount Couponlssue TypeRating Issued Date Implication 05/11/1995 150,000,000 USD 8.505% Surplus bbb+ 05/16/2018 StableNotes 10/09/1997 500,000,000 USD 7.697% Surplus bbb+ 05/16/2018 Stable Notes 10/16/1996 250,000,000 USD 7.875% Surplus bbb+ 05/16/2018 Stable Notes (i) Denotes Indicative Rating and/or Preliminary Credit Assessment(PCA) 4 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 087060 Liberty Mutual Insurance Represents the Property/Casualty financials for the Canada Branch Company CAB of this legal entity. Best's Credit Reports ,I 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: 6/1/2018 (represents the latest significant change). Historical Reports are available in Best's Credit Report Archive. ti 1 !' http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AItSrc=9&PPP=&AItNum=O&Ext. User=&Ext Misc=&Port... 3/5 10/17/2018 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center View additional news, reports and products for this company. Press Releases Date Title May 16,2018 A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries May 02,2017 A.M. Best Removes from Under Review with Developing Implications, Affirms Credit Ratings of Ironshore Inc.and Its Subsidiaries Mar 08,2017 A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Aug 19,2016 A.M. Best Affirms and Withdraws Ratings of Liberty Mutual Insurance Europe Limited Oct 08,2015 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Sep 24,2014 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Apr 17,2014 A.M. Best Affirms Ratings for Republic Indemnity Company of America and Its Affiliates Aug 14, 2013 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries Jul 26,2012 A.M. Best Affirms Ratings of Liberty Mutual Holding Company Inc.and Its Subsidiaries May 04,2012 A.M. Best Assigns Ratings to Liberty Mutual Group Inc.'s New Senior Unsecured Notes 1 2 3 Page size: 10 23 items in 3 pages Find a Best's Credit Rating Enter a Company Name :G:o Advanced Search How to Get a A+ Best's Credit Rating .� Best's Credit Ratings r� Mobile App 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. 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. 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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 Be ' Credit Ratings. About Us 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. http://ratings.ambest.com/CompanyProfile.aspx?ambnum=2283&URatingld=2392449&bl=0&AltSrc=9&PPP=&AltNum=O&Ext User=&Ext Misc=&Port... 5/5 10/17/2018 Company Profile CALIFORNIA DEPARTMENT COMPANY PROFILE Company Profile Company Search Company Information Company Information LIBERTY MUTUAL INSURANCE COMPANY Old Company 175 BERKELEY ST Names BOSTON, MA 02116 Agent for Service 800-526-1547 Reference Information old Company Names Effective Date NAIC Group List Lines of Business Agent For Service Workers' Compensation KARISSA LOWRY Complaint and 2710 GATEWAY OAKS DRIVE Request for SUITE 150N Action/Appeals SACRAMENTO CA 95833 Contact Information Financial Statements Reference Information PDF's Annual Statements Quarterly NAIC #: 23043 Statements California Company ID #: 1022-3 Company Complaint Company Date Authorized in California: 08/30/1929 Performance& Comparison Data License Status: UNLIMITED-NORMAL Company Company Type: Property &Casualty Enforcement Action Composite [Sta:te:o:f Domicile: MASSACHUSETTS Complaints Studies Additional Info back to top Find A Company Representative In Your Area NAIC Group List View Financial Disclaimer NAIC Group #: 0111 LIBERTY MUT 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. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LIABILITY MARINE MISCELLANEOUS PLATE GLASS https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=3090 1/2 10/17/2018 Company Profile SPRINKLER SURETY TEAM AND VEHICLE WORKERS' COMPENSATION back to top © 2008 California Department of Insurance https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=3090 2/2 REORDER 905•U.S.PATENT NO.5536290,5575509,5641163,5765353,5964364,6030000 Ke HOME Sacramento Inc Account: 38864461 Stub 1 of 1 Date: 10105/18 NO. 02711643 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID RCR 100518 10/05/18 REFUNDABLE SECURITY-TR 6222 176,000.00 176,000.00 ----------- ---------- ..... . .. .. 176,000.00 176,000.00 VENDOR 1336821 City of Fresno JEMBH0ME_ KB HOME Sacramento Inc Stub 1 of 1 Date: 10/05/18 NO. 02711643 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID RCR 100518 10/05/18 REFUNDABLE SECURITY-TR 6222 176,000.00 176,000.00 176.,000'00 176,000.00 VENDOR 1336821 City of Fresno _ THIS CHECK IS VOID WITHOUT A GREEN&13LUI 1RDER AND BACKGROUND PLUS A KNIGHT&FINGERPRINT WATERMARK ON THE BACK-HOLD AT ANGLE TO VIEW a+ -1--N -- --- --� 1-/ --J (C(_ 7 0 62-201311 I�BHOME. _ KB HOME Sacramento Inc. C111bank,N A NO. 02711643 One Penn's Way 3005 Douglas Blvd., Suite 250 New Castle DE 19720 38864461 Roseville, California 95661 f VENDOR DATE AMOUNT 1336821 10/05/18 $***176, 000 . 00 PAY ONE HUNDRED SEVENTY SIX THOUSAND AND 00/100 **************************************** OID IF 7 CASHE I 0❑ To City Of Fresno THE 2600 Fresno St . , 3rd Fl . ORDER Fresno CA 93721 OF -•--...T._ _ _ - - f nurringlcEa I 1VREs- ------ - - 114 27 L LF3L, Ps 1:03 L L00 2091: 38186446 L 11 REORDER 905•U S.PATENT NO 5536290,5575509,5641183,5795353,5904364,5030000 Ke HOME Sacramento Inc- Account: 38864461 Stub 1 of 1 Date: 10/04/18 NO. 02711575 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID CRS 114977 10/04/18 Final Map Processing Fees 7,387.00 7,387.00 7,387.00 7,387 00 VENDOR 1336821 City of Fresno JELBH0ME_ KB HOME Sacramento Inc Stub 1 of 1 Date: 10/04/18 NO. 02711575 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID CRS 114977 10/04/18 Final Map Processing Fees 7,387.00 7,387.00 ----------- ----------- -- --- -- - 7,387.00 7,387.00 VENDOR 1336821 City of Fresno THIS CHECK IS VOID WITHOUT A GREEN&BLUE BORDER AND BACKGROUND PLUS A KNIGHT&FINGERPRINT WATERMARK ON THE BACK-HOLD AT ANGLE TO VIEW ` i HOME. -1 Ul Z ( — -770 82.20/311 I<B HOME Sacramento Inc. CaIR1aikN A NO. 02711575 rl One Penn's Way 3005 Douglas'Blvd.,Suite 250 New Castle DE 19720 38864461 Roseville, California 95661 VENDOR DATE AMOUNT 1336821 10/04/18 $*****7, 387 . 00 PAY SEVEN THOUSAND THREE HUNDRED EIGHTY SEVEN AND 00/100 ******************************* VOID IF NOT CASHED I S TO City Of Fresno THE 2600 Fresno St . , 3rd Fl . ORDER Fresno CA 93721 OF j nil FAD 91[iNA'IUR�S Ir0271, 1, 575v 1:031, 1,002091: 3886446Lila REORDER 905•U5.PATENT NO.5538290,5575508,5541183,5785353,5984364,6030000 KB HOME Sacramento Inc Account: 38864461 Stub 1 of 1 Date: 10/09/18 NO. 02711675 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID CRS 115225 10/08/18 City Fees 319,139.79 319,139.79 - ---------- -- - 319,139.79 319,139.79 VENDOR 1336821 City of Fresno ICBH0ME_ KB HOME Sacramento Inc Stub 1 of 1 Date: 10/09/18 NO. 02711675 INVOICE NO. DATE DESCRIPTION GROSS DEDUCTIONS AMOUNT PAID CRS 115225 10/08/18 City Fees 319,139.79 319,139.79 319,139.79 319,139 79 VENDOR 1336821 City of Fresno _ _ THIS CHECK IS VOID WITHOUT A GREEN&BLUE BORDER AND BACKGROUND PLUS A KNIGHTS FINGERPRINT WATERMARK ON THE BACK-HOLD AT ANGLE TO VIEW KBHOME_ fo� 714-3770 62-201311 KB HOME Sacramento Inc. CltlbanKA.A. NO. 02711675 One Penn's Way 3005 Douglas:Blvd., Suite 250 Neal Castle DE 19720 38864461 t Roseville, California 95661 VENDOR DATE AMOUNT 1336821 10/09/18 $***319, 139 .79 PAY THREE HUNDRED NINETEEN THOUSAND ONE HUNDRED THIRTY NINE AND 791100 ***************** VOID IF NOT ED IN 60 DAYS TO City Of Fresno THE 2600 Fresno SL . , 3r F1 . Y4AI ORDER Fresno CA 93721 OF I 1110 2 7 L L6 ? S0 1:031, 1002091: 3886446 1110