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HomeMy WebLinkAboutT-6217 - Cashier Memo - 10/22/2018 City of leolm%-&1-,"1 MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 22, 2018 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 6217 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$1,076,000.00 2. Payment Bond in the amount of$566,500.00 3. 5% Performance Security a. Certificate of Deposit in the amount of$57,000.00 4. Document preparation fees deposit into 180503 10101 34559 a. Check in the amount of $8,481.00 (Central Valley Community Bank No. 07053- 00000004) 5. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of $274,232.20 (Central Valley Community Bank No. JPCAC- 00000191) 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank you Jonathan Bartel City of Iclo��■•=���- MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: October 8, 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. 6217 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: $1,076,000.00 RECEI1IM 2. Payment Bond in the amount of: $566,500.00 •�`r ACT 0 B 2010""T CITY OF FRESNO] If you have an questions, please contact me at 621-8684. l�rrrrel Services Repartrnent Y Y q F�IE3�At��15F_C�fMl..Y Thank you, - Jonathan arte RISK AINAUMENT D ON Approved Ap raved W, anges [.j •� 10--q,k!�S $€ Date Bond No.: 706618S Premium: $5,380 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and WC Ashlan Hayes, LLC ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 6217 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and- Developers Surety and Indemnity Company , as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of One Million Seventy Six Thousand and 001100 dollars ($ 1,076,000 ) 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 3 20 18 Principal: WC Ashlan Hayes, LLC By: rincipal) Surety. Developers Surety anciWemnity Company By: (Surety) Ky Wilson, Attorney-in-Fact ACKNOWLEDGMENT [Ananotary 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 _0cAbV)A v E 20 l% before me, Joy Poeng, Notary Public (insert name and title of the officer) personally appeared Joshua E. Peterson who proved to me on the basis of satisfactory evidence to be the person(!)whose name(sr) is/4?t subscribed to the within instrument and acknowledged to me that he/sV6/they executed the same in his/lir/thVrr authorized capacity(ialg), and that by his/herr/thdir signature(g) 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. JOY"NQ WITNESS my hand and official seal. _ NOTARY PUSUC-CALIFORNIA c3 COMMISSION N 2216001 e FRESNO COUNTY My Comm,2xp.sopunwim A 201 Signature (Seal) 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 October 3,2018 before me, Christine Bagetakos,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CHRISTINE BAGETAKOS WITNESS my hand and official seal. Notary Public-California {�. Fresno County r Commission#2200014 My Comm.Expires Jun 3,2021 5ignatu e of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623(949)263-3300 KNOW ALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETYAND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,eonstitule and appoint ""Kyle Wilson,Donna M Smith,Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally' as their true and lawful Attomey(s}i -Fad,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Attomey(s)4n•Fact full power and s04ty W do and to perform every act necessary,requisite or proper to be done in connection theteWth as each of said corporations could do,but reserving to each of sold corpora dons lull power of Wit tition and mvocalion,and all of the acts of said A110moy(s)4n-Fad,pursuant to these presents,are hereby ratified and oonfttmed. This Power of Attorney is gran led and is signed by faosfmile under and by authority of the following resolutions adopted by the respectve Boards of Mectors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as ofIan us y 1st 20D8. RESOLVED,that a combination of any two of the Chalman of the Board,the President,Executva Vice-President Sordor Vioe•President or any Yoe President of the eorpotations be,and that each of them hereby is,authorized to execute this Power of Attorney,qua•.ifying the attomay(s)named in the Power of ARDmey to exacute,on behalf of the eerporations,bonds,undertakings and contracts of suretyship;and that the Secretary or anyAssistaat Seaetery of either of the corImlions be,and each of them hereby ts,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that tha signatures of such officers may be aIVed to any such Power of Attomey or to any cerci kz10 relating thereto by fsmirnllo,and any such Power of Attorney or ate bearing such facsimile signatures shaft be valid end binding upon tha oorporatons when so affixed and in Na future vrifh raspect to any bond,undsdatting or contract of suretyship to which it Is attached. IN WITNESS WHEREOF,DEVELOPERS SURETYAND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIAhave severally caused these presents to be signed by their respective�officers andel ade-stled by their respective Secretary orAssistant Secretary this 6th day of February,2017. By +�.�[ice' .'0„�.AN,) .•` Daniel Young,Senior VicePresident 'a "µammo /•f" c+a�AQoy°o, 193b - wt i ? OCT.6 4 v By; ?oz f v 1 1967 2 MarkLansdon,Vice-Preslden! .�,ia cr41ro A notary public or other officer completing this oerttficate verifies only the Identityof the Individual who signed the document to which this caitiff cote Is attached,and not the truthfulness,accura EX.or validi ty of that document. Slate of California County of Orange On_ February 6_2017 _before me, LueTte and Nota Public DibFos Yusr Ism est Tai atom Mot personally appeared Daniel You and Mark I ansdon NM+e41 Gfs0W(r) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)Ware subscribed to the wfth n instrument and acknoMedged to me that hefts they executed the same in hme(Ahefr authorized capadty(ies),and that by IiLOerltheu signah,re(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAYMM which the persons)acted,executed the instrument Commission 0 MIMS Notary PWC•C 190MIS 1 certify under PENALTY OF PERJURY under the laws o1 the State of California that the foregoing paragraph is Orange Countyfete and conecL M Comm,Explm Oct 13 2018 i WITNESS my hand and official seal. Place Notary Seal Above Signature Ludl,lt�6ykond,Notary Public CERTIFICATE The undersigned,as Secretary a Assistant Secretary of DEVELOPERS SURETYAND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney are In face as of the dale of this Certificale. This Certificate Is executed In the City of Irvine,California,this 3rd day of October 2 018 Anr��y• VO��Qo r O L (� am,.,..o..,o a a¢ Aq c+ w:.......... '���ry $r`�OCT.6 er =: 193b ' w ' Cass:e J. sford,Assistant Lary + ATS-1002(02117) •I,''aa�nin�. Bond No.: 706618S Premium: Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and WC Ashlan Hayes, LLC ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, identified as Subdivision Agreement for the Final Map of Tract No. _6217 is hereby referred to and made a part hereof; and Whereas, under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Fresno ("City") to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. Now, therefore, the principal and Developers Surety and Indemnity Corn any as corporate surety, are held firmly bound unto the City and all contractors, subcontractors, laborers, material men, and other persons employed in the performance of the agreement and referred to in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code in the sum of Five Hundred Sixty Six Thousand Five Hundred and 001100 dollars ($ 566,500 ), 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 3 , 20 18 Principal: WC Ashlan Hayes, LLC ;By: (Principal) y: Developers Surety and Indemnity Company By: (Surety) Kyle Wilson, Attorney-in-Fact 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 O e.v 2-0 116 before me, Joy Poeng, Notary Public (insert name and title of the officer) personally appeared Joshua E. Peterson who proved to me on the basis of satisfactory evidence to be the person(K)whose name(z)is/ate subscribed to the within instrument and acknowledged to me that he/spire/tPy executed the same in hisN6r1thgflr authorized capacity(ipg), and that by his/her/thNfr signature(sl 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. JOY POENO WITNESS my hand and official seal. NOTARYPUBLIC-CALIFORNIA cr3 COMMISSION M 2216E01 FRESNO COUNTY qPMY Comm.fixe.SepMmbw 24 2021 Signature (Seal) IL 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 eertiflcate is attached, and not the truthfulness, accuracy. or validity of that document. State of CALIFORNIA County of FRESNO On October 3, 2018 before me, Christine Bagetakos,NOTARY PUBLIC,personally appeared Kyle Wilson, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CHRISTINE BAGETAKOS my hand and official seal. _ Notary Public-California Fresno County Commission#2200014 My Comm.Expires Jun 3,2021 —) AM��*&J� Signature of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623(949)263-3300 KNOWALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA?do each t;erehy make,const[tute and appoint: "'Kyle Wilson, Donna M Smith,Kimberly Wilson,Nicole Caskey,Wayne Lamb,jointly or severally'' as thdr he and lawful Attomey(sy n•Fact•to make,execute,deliver and acknowledge,for and on behaN of said corporations,as sureties,bonds,undertakings and contracts of suretyship giving and granting unto said Altorney(sWact 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 sald corporations full power of substitution and revocaton.and all of the acts of said Altomey(s)an•Fad,pursuant to thasa presents,aro hereby ratified and omfmnad. This Power of Attorney is gran led 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 Iwo of the Chairman of the Board,the President,Executive Vice-President,Senior Vioe•President or any Vice President of the corporations be,and that each of them hereby is,sufhorfxed to execute this Power of Attorney,qualifying the attomsy(s)named in the Power of Mom By to execute,on beha if of the carporalfons,bonds,undertakings and contracts of suretyship;and that the Seoxelary or any Assistant Secretary of either of the corporations be,and each of them herehy is,authDrued to attest the execution of any such Power of Attomsy. RESOLVED,FURTHER,that the slgnames of such officers may be a€fixed to any such Power of Attorney or th any oedffhcate relating thereto by facsWie,and any such Pourer of Atto may or certi%ato bearing such facehnile signatures shall he vabd 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 a Itested by their respective Secretary or Assisfent Secretary this 6th day of February,2017. Daniel Young,Sonia Vice-President4Q0R r� OCT 8 °o By. 's• =o r t967 MarkLansdon,Vice-President =,�,io '� y cgQFopa`�S A notary public or other officer carnpleling thls certificate verifies only the identity of ft Individual who signed the document to which this certificate Is attached,and not the truthfulness,accuracy,or val Idily of that document Slate of Cardomis County of Orange On February 6 2017 before me, Lucie Ra and Na Pub' �0 Hiatus NEW curdTodell ormr personally appeared Dan iei Young and Mark Landon "ddso-fl) who proved to me on the We of satisfactory evidence to be tha persoo(s)whose name(s)Were subscribed to the w0in instrument and acknowledged to me that helsherthBy executed the same in hWherilh air authorized capsdty(Tes),and that by hislherlifheir signatures)an the Instnrmant the person(&),or the entity upon behalf of rA LUCILLE RAVWND which the persons)acted,executed the instrument Corot rislon•ZN1945 Notary PUNIC-Cllltoiythl I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Oruge Co4mtrue and owrecL My Comm. ta:Get 13 2018+ WITNESS my hand and official seal 9. Place Notary Seal Above Signature -& Lud$1! onoteryPu41to CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND INDEMNITY COMPANY or INDEMNITY COMPANY OF CALIFORNIA,does hereby oerfffy that the foregoing Power ofAltomey remains in full force and has not been revoked and,furthermore,that the provisions of the resolutions of the respective Boards of Directors of sold corporations eel forth in the Power of Attorney are in face as of the dale of this Certificate. OY 3rd ay October �, tyaxOnya oo O� This Certificate is executed In the C of IMrte,Ceiifomia,this d of 2 018, pA+vr G P4 By: ��mc. _:�=31`9360 ;�� � � OCT.6 ° o Casale J. slord,Assistant Se Lary C �7;: r�[r D ATS-1002(02!17) ...........�,ti 3t .�.° *p '••4,H1,.,µ 10/8/2018 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center Developers Surety and Indemnity Company A.M.Best#: 011752 NAIC#: 12718 FEIN#:420429710 Mailing Address View Additional Address FlinmeWs&wgr,Rdk®F P.O. Box 19725 Information �.DEST Irvine, CA 92623-9725 '� M2 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. View additional news, reports and products for this company. 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: p (Pooled) Financial Size Category: XV ($2 Billion or greater) Outlook: Stable Action: Downgraded Effective Date: July 03, 2018 Initial Rating Date: January 29, 1996 Long-Term Issuer Credit Rating View Definition Long-Term: a- Outlook: Stable Action: Downgraded http://ratings.ambest.com/SearchResuIts.aspx?AltSrc=g 1/4 10/8/2018 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center Effective Date: July 03, 2018 Initial Rating Date: June 06, 2007 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 Removes from Under Review, Downgrades Credit Ratings of AmTrust Financial Svcs. and Most Subs.; Assigns Stable Outlook July 03, 2018 Rating History A.M. Best has provided ratings & analysis on this company since 1996. Financial Strength Rating Effective DateRating 7/3/2018 A- 11/6/2017 A u 2/27/2017 A 7/8/2016 A 5/29/2015 A 5/30/2014 A 1/8/2014 A 9/20/2013 A- u Long-Term Issuer Credit Rating I http://ratings.ambest.com/SearchResults.aspx?AILSrc=9 2/4 10/8/2018 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center Effective DateRating 7/3/2018 a- 11/6/2017 a u 2/27/2017 a 7/8/2016 a 5/29/2015 a 5/30/2014 a 1/8/2014 a 9/20/2013 a- u I Best's Credit Reports J ;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: 8/16/2018 (represents the latest significant change). ' Historical Reports are available in Best's Credit Report Archive. 1 View additional news, reports and products for this company. Press Releases Date Title Jul 03,2018 A.M. Best Removes from Under Review, Downgrades Credit Ratings of AmTrust Financial Svcs. and Most Subs.;Assigns Stable Outlook Nov 06, 2017 A.M.Best Places Credit Ratings of AmTrust Financial Services,Inc.and Subsidiaries Under Review With Negative Implications May 25, 2017 A.M. Best Comments on Credit Ratings of AmTrust Financial Services,Inc.and Subsidiaries Following Common Equity Raise Feb 27,2017 A.M. Best Revises Outlooks to Negative and Affirms Credit Ratings of AmTrust Financial Services, Inc.and Its Subsidiaries Jul 08,2016 A.M. Best Affirms Ratings of AmTrust 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 Implications Jan 08, 2014 A.M. Best Upgrades Ratings of Developers Surety and Indemnity Company and Indemnity Company of California ['..... nn ^1ni 7 n KA D....a nl,.-.... n..r:...-.. ..L n......�.........,. c....,.a........J T....J.........:r..�-......................J T.-.J...,......:a.,r'...,............, Find a Best's Credit Rating http://ratings.ambest.com/SearchResuIts.aspx?AltSrc=9 3/4 10/8/2018 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center Enter a Company Name Go Advanced Search How to Get a A+ Best's Credit Rating Bests Credit Ratings Mobile App European Union Disclosures A.M. Best-Europe Rating Services Limited (AMBERS),a subsidiary of A.M. 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Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED. http://ratings.ambest.com/SearchResults.aspx?AltSrc=9 4/4 10/8/2018 Company Profile CALIFORNIA DEPARTMENTOF INSURANCEI COMPANY PROFILE Company Profile Company Search Company Information Company Information DEVELOPERS SURETY AND INDEMNITY COMPANY Old Company PO BOX 19725 Names IRVINE, CA 92623-9725 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' KARISSA LOWRY Compensation 2710 GATEWAY OAKS DRIVE Complaint and SUITE 15ON Request for SACRAMENTO CA 95833 Action/Appeals Contact Information Financial Statements Reference Information PDF's Annual Statements NAIC #: 12718 Quarterly California Company ID #: 4606-0 Statements Company Complaint Date Authorized in California: 08/30/1999 Company Performance & License Status: F LIMITED-NORMAL Comparison Data — Company Company Type: Property &Casualty Enforcement Action State of Domicile: CALIFORNIA 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. AIRCRAFT AUTOMOBILE BOILER AND MACHINERY BURGLARY COMMON CARRIER LIABILITY CREDIT DISABILITY FIRE LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 1/2 10/8/2018 Company Profile PLATE GLASS 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=100170 2/2 W AUTOMATICALLY RENEWABLE Q Ia CALIFORNIA BANK U 3'i+ .r TRUST E H Y ISSUED AT Fresno Main OFFICE Fresno CA DATE 10/11 /2018 ix w (CITY OR TOWN) (STATE) li► a WC Ashlan Hayes LLC lti�­5790400534 U 0 (CUSTOMER NA6*) 19 +II FiftySeven Thousand Dollars and no/100 (L1oolLA1Rs $ a **57, 000.00* `o I- w c ON MATURITY U E DR ORD j Pa HAS TODAY SEEN DEPOSITED WITH CALIFORNIACALIFOgNIR BANK& TRUST PAYABLE TO 111 of Fresno a U) AS HEREINAFTER SPECIFIED AND UPON PRESENTATIONAND SURRENDER OF THIS GERTIFICATE,PROPERLY ENDORSED.AT THE ABOVE OFFICE , F 0. THE MATURITY OF THIS CERTIFICATE WILL 8E AFTER DATE,AYO SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS Z UNLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH OR{GINAL OR ANY EXTENDED MATURITY,THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE 48 OTHER HOLDER THEN DESIGNATED ON ITS Q HECDRDS OF RANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY,OR(S1 UPON OR WITHIN TEN DAYS AFTER SUCH ORIGINAL OR ANY EXTENDED MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT- SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF—Q.400 _%PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY,AS ABOVE PROVIDED,AND SUCH INTEREST WILL BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN L INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS 1� BANK.THE RATE OF INTEREST IS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE.TO THE EXTENT NECESSARYTO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTHORIZED SIGNATURE OPS-1(05/09) as • • s ae ■ ■ ■ • ,• ) Central Valley Community Bank WC Ashlan Hayes, LLC (Prom 11 Tr. 6217 7100 N Financial Dr # 101 121137726 1446 Tollhouse Rd. Ste. 103 Fresno, CA 93720 Clovis, CA 93611 Date Check Number Oct 4, 2018 07053-00000004 Amount Pay *Eight Thousand Four Hundred Eighty One Dollars 00 Cents* $8,481.00 To City Of Fresno The 2600 Fresno Street Order Fresno, CA 93721 Per Of PA BLE IN UNITED STATES DOLLAR COarvir"°�°n°i° 1110000000 Loll" l: L 2 L L 3 7 7 261: 008 L 5 548811" Central Valley Community Bank ]PF Capital LLC 7100 N Financial Or # 101 121137726 1446 Tollhouse Road, Suite 103 Fresno, CA 93720 Clovis, CA 93611 Date Check Number Oct 3, 2018 JPCAC-00000191 Amount Pay *Two Hundred Seventy Four Thousand Two Hundred Thirty Two Da11a s 20 Cents* $274,232.20 To City Of Fresno The 2600 Fresno Street Order Fresno, CA 93721 Per Of PAYABLE IN UNITED STATES DOLLAR 14 . ,° 111100000 L9 L11" is L 2 L L 3 7 7 26i: 008 L 500 2811• Account Number: 5790400534 Security Amount: $57,000.00 ASSIGNMENT (Early Issuance of Building Permit Agreement) SECURITY FOR: WC Ashlan Haves LLC hereinafter called ASSIGNOR, whose principal place of business is: 1446 Tollhouse Rd Ste. 103 Clovis CA 93611 Street City State Zip Code do (does) hereby assign, and set over to the City of Fresno of the State of California, all right, title and interest of whatever nature, of assignor, in and to the insured account of assignor in the California Bank &Trust evidenced by CD in the amount of $_5_Z,ppo.00 Number 5790400534 which is to be delivered to the City of Fresno herewith. Assignor agrees that this assignment carries with it the right in the insurance of the account by the Federal Deposit Insurance Corporation, and includes and gives the right to the City of Fresno to redeem, collect, and withdraw the full amount as indicated above at any time WITHOUT NOTICE TO ASSIGNOR. This assignment is given as security for liability for Tract 6217 - 2 years including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. Assignor hereby notifies the above-named Bank of this assignment. Dated this 11th day of October 2018 Name itle of Assignor Joshua Peterson, Owner 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. 441-- Dated this 11 th day of October, 2018 California Bank & Trust 7060 N Fresno St Fresno cA Bank Name Branch Location City State By: G��- um Name title of Officer Raj 4hi-Layne ,VP & Manager