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HomeMy WebLinkAboutT-5449 - Cashier Memo - 4/20/2017 fIL MEMORANDUM f-" N l PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: April 20, 2017 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 5449 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$2,846,000.00 2. Payment Bond in the amount of$1,498,000.00 3. Certificate of Deposit in the amount of$150,000.00 (California Bank& Trust) a. 5% Performance Security. 4. Check in the amount of$6,666.00 (JPMorgan Chase Bank N.A. No. 00845088) a. Deposit into 180203 10101 34559 for document preparation fees 5. Check in the amount of$149,818.80 (JPMorgan Chase Bank N.A. No. 00845089) a. The balance is identified on Exhibit B of the Subdivision Agreement. 6. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8684. Thank you, � 6 Jonathan Bartel City of MEMORANDUM LIF PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: April 18, 2017 TO: HEIDI BRIGGS Personnel Services Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 5449 Attached are original bonds required for the subdivision agreement for the Final Map. Please review the following bonds for conformity to City acceptance policies: 1. Performance Bond in the amount of: $2,846,000.00 2. Payment Bond in the amount of: $1,498,000.00 If you have any questions, please contact me at 621-8684. Thank you, Jonathan Bartel RECEIVED APR 1 8 2017 �y CITY OF FRESNO Personnel Services Department RISK MANR8IIMINfi UIVI N Pprovil Appro ed Chid R U srg Y Bond No.: 024072262 (California at Daffodil Hill, Public Improvements) Premium: $11,235.00/annum SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and Lennar Homes of California, Inc. ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 5449 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Liberty Mutual Insurance Company as surety, are held and firmly bound unto the City of Fresno ("City"), in the penal sum of Two Million Eight Hundred Forty Six Thousand and 00/100 dollars ($ 2,846,000.00 } 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 _ April 5 , 2017 PJal'. ar Homes alifomla, Inc.,a California corporation E ySMutu Ins ance Company By: L�jl A (Surety) Mechelle Larkin,Altorney-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. I State of California ) I County of Orange ) On _ APR - 5 2011 I� before me, KathyR. Mair, Notary Public DATE [Name of Notary Public and Title"Notary Public"] personally appeared Mechelle Larkin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - _ - - - - - I� [Name(s)of Signer(s)] I 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 paragraph is true and correct. WITNESS my hand and official seal. ti KATHY R. MAIR Commission # 2021597 z •r,x_ Notary Public-California Z 1. z ; ' Orange County r F My Comm.Expires May 22,2017 J ►` Signatur"f4alary Public Place Notary Seal Above ---------------------------------------------- OPTIONAL --------------------------------------------- Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. I" Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above Capacity(ies) Claimed by Signer(s) Signer's Name. Mechelle Larkin Signer's Name: ❑ Corporate Officer—Title(s) _ ❑ Corporate Officer—Title(s). ❑ Partner— ❑ Limited ❑ General ❑ Partner— ❑ Limited ❑1 General ❑ Individual ® Attorney-in-Fact ❑ Individual ❑ Attorney-in-Fact ❑ Trustee U Guardian or Conservator ❑ Trustee ❑ Guardian or Conservator ❑ Other: ❑ Other: Signer Is Representing: Signer is Representing: ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno ) On April 6. 2017 before me, Christine Collins Notary Public (insert name and title of the officer) personally appeared Darrvl S. Denius , 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 paragraph is true and correct. WITNESS my hand and official seal. CHRISTINE COLLINS Commission#2131344 a -+r Notary Public-California z x Fresno County r Signature (Seal) M Comm. Expires Nov 7.2019 Bond No.: 024072262 _(California at Daffodil Hill, Public Improvements) Premium: included in Performance Bond SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno, State of California, and Lennar Homes of California, 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. 5449 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 Four Hundred Ninety Eight Thousand and 00/100 dollars ($ 1,498,000.00 ), 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 April 5 , 2017 Principal: r Homes o4ifornia, Inc, a California corporation By: -AZZA"�/ , cipal) ety' Li al Asumce Company /' B (Surety) Mechelle Larkin,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 Oranae ) On APR - 5 1017 before me, Kathv_R. Mair, Notary Public DATE [Name of Notary Public and Title"Notary Public"] personally appeared Mechelle Larkin - - - - - - - - - - - - - - - - - - - - _ _ _ - - - - _ - _ - _ _ - _ - _ _ _ , [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 laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. K I y R. MA. '" Commission # 2021597 Z;n Notary Public-California z Z ' Orange County D N% Comm.Expires May 22,2017 Signatuire of6otary Public Place Notary Seal Above ---------------------------------------------- OPTIONAL --------------------------------------------- Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: _ Document Date: _ Number of Pages: Signer(s) Other Than Named Above: . Capacity(ies) Claimed by Signer(s) Signer's Name: Mechelle Larkin Signer's Name: ❑ Corporate Officer—Title(s): ❑ Corporate Officer—Title(s): ❑ Partner— ❑ Limited ❑ General ❑ Partner— ❑ Limited ❑ General ❑ Individual ® Attorney-in-Fact ❑ Individual ❑ Attorney-in-Fact ❑ Trustee ❑ Guardian or Conservator ❑ Trustee ❑ Guardian or Conservator ❑ Other: ❑ Other: Signer Is Representing: Signer is Representing: ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Fresno ) On April 6. 2017 before me, Christine Collins Notary Public (insert name and title of the officer) personally appeared Darryl S. Denius , 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 paragraph is true and correct. WITNESS my hand and official seal. CHRISTINE COLLINS Commission#2131344 Notary Public-California i i Fresno County Signature ' (Seal) My Comm. Ex lres Nov 7,2019 THIC 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.7597612 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 Casually 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 Slate of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the Stale of Indiana(herein collectively called the"Companies"),pursuant to and by authority herein set forth,does hereby name,constitute and appoint, Brenda Wan • Kari Davis;KathyR.Main Mechelle Larkin;Phuonq Truon o Tenzer V.Cunningham all of the city of Los Angeles state of CA each individually if there 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 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 18th day of January 2017 • M Fy0 tNSUA rG ua sriR4 10 The Ohio Casualty Insurance Company 1919 1912 1991 Liberty Mutual Insurance Company m x � v West rican Insurance Company c� Ui 9 01 d By: O STATE OF PENNSYLVANIA ss David M.Care ,Assistant Secretary CnI r cc COUNTY OF MONTGOMERY c dOn this 18th day of_January____ 2017,before me personally appeared David M.Carey,who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance v 1 v O 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 lh p therein contained by signing on behalf of the corporations by himself as a duly authorized officer. m E d > 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. Lcl t'lC yP p,qg�, COMMONWEALTH OF PENNSYLVANJA � �C5 �� yonwF� Notarial Seal r r Teresa Pastella,Notary Public By; O ` OF Upper Marion Twp.,Montgomery County 6 Teresa Pastella,Notary Public y C yq, �N�� My Commission Expires March 28,2017 0 r0+ dFrv ' Member,Pennsylvania Association or Notaries d E 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 ZL Insurance Company,and West American Insurance Company which resolutions are now in full force and effect reading as follows: s,v G'i tc0 ` 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 �a) 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, �+y O,E 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 'C E y 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 aD C p 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 >•O 1.2 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-4 � CC r 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, , > ` 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, M O O seal,acknowledge and deliver as surety any and all undertakings,bonds,recognizances and other surety obligations. Such attomeys-in-fact subject to the limitations set forth in their =ao Z 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 attested by the secretary. O cu 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 attomeys-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, 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 APR - 5 2017 IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed the seals of said Companies this day of 20 P�13IN:�U �y,;: s�titesi.tp� _ 1919 n Y 1912 ° 1991 B y W an Renee C.Llew• sis tail t Secretary Ap 29 of 250 LMS 12873 082016 4/19/2017 Company Profile CALIFORNIA DEPARTMENTOF INSURAN) 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 State of 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:/f nteracbve.web.i nsurance.ca.gov/com panyprofi I etcom panyprofi le?event=com panyProfi le&doFuncton=getCom panyProfi I e&ei d=3090 1/2 4/19/2017 Company Profile SPRINKLER SURETY TEAM AND VEHICLE WORKERS' COMPENSATION back to top © 2008 California Department of Insurance https:/fi nteracbve.web.i nsurance.ca.gov/com panyprofi I e/com panyprofi le?event=com panyProfi I e&doF uncb on=getC om panyProfi I e&ei d=3090 212 4/19/2017 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services Liberty Mutual Insurance Company (yj A.M.Best#:002283 NAIC M 23043 FEIN M 041543470 Domiciliary Address pnencyftmpi Roft 175 Berkeley Street Boston,MA02117 United States A EitcalWnt Assigned to insurance companies that have,in our opinion, an excellent ability to meet their ongoing insurance Web:www.LiberNMutualGroup.com obligations. Phone:617-357-9500 Fax:617-574-5955 View additional news,reoorts and products for this r.nmpany- 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: March 08,2017 Initial Rating Date: June 30,1922 i Long-Tenn Issuer Credit Rating View Definition I Long-Term: a Outlook: Stable Action: Affirmed Effective Date: March 08,2017 Initial Rating Date: November 23,2004 u Dmoles 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,FIRM Disclosure Information View A.M.Best's Rating Disclosure Form Guarantorls)-also see the Rating Disclosure Form for the fobwing companies.as they guaranlee rated debt issues for ilin';rjnlpany 051114-Liberty Mutual Holding Company Inc. A.M.BestAlfeme Credit Ratings of Liberty Mutual Holding Company Inc.and Iis Subsidiaries 1, March 08,2017 Rating History A.M.Best has provided ratings&analysis on this company since 1922. Financial Strength Rating Effective Date Rating 3/8/2017 A 10/8/2015 A 9/24/2014 A 8/1 412 01 3 A 7/26/2012 A Long-Tenn Issuer Credit Rating Effective Date Rating 3/6/2017 10/8/2015 a 9/24/2014 a 811412013 a 7/26/2012 Rated Issues http://www3.am best.com/ratings/entities/Com panyProfile.aspx?am bnum=2283&U Rati ngld=2392449&bl=0&AJtSrc=9&PPP=&AILN um=0&Ext_U ser=&Ext_M i sc... 1/2 4/19/2017 Liberty Mutual Insurance Company-Company Profile-Best's Credit Rating Center Issue Credit Ratings Date Issued Amount Coupon Issue Twe Rating Effective Date Outlook I Implication 05/11/1995 150.000.000 USD 8.505% Surplus Notes bbb+ 03/08/2017 Stable 10/09/1997 500,000.000 USD 7.697% Surplus Notes bbb+ 03/08/2017 Stable 10/16/1296 250.000.000 USD 7,875% Surplus Notes bbb+ 03/08/2017 Stable (i)Denotes Indicative Rating 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 Company CAB Represents the Property/Casualty financials for the Canada Branch of this legal entity. AMB Credit Reports AMB Credit Report -includes Best's Financial Strength Rating and rationale along with comprehensive analytical commentary,detailed business overview and key financial data. Report Revision Date:3/29/2017(represents the latest significant change). Historical Reports are available in AMB Credit Report Archive. 1 View additional news,reports and products for this company. Press Releases ate Title ................—_. ............................. ...... ........ Mar 08,2017 A,M.Best Affirms Credit Ratings of Liberty Mlrtual Holding Company Inc.and Its Subsidiaries Aug 19,2016 A_M.Best Affirms and withdraws Ratings of Liberty Mutual Insurance Europe Limited Oct 08,201S 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 Afh liates Aug 14,2013 A.M.Best Affirms Ratings of LiUertyf Mutual Holding CwnPany Inc and tts 5ubsidiari05 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 Llberty Mutual Group fnc.'s New Senior Unsecured Notes Jun 16,2011 A.M.Best Revises Outlook to Stable for Liberty Mutual Holding Cpmpany Inc.and Its SubsidlarJes Jun 11,2010 A.M.Best Affirms Ratings of Liberty Mutual Holding Company Inc and Its Subsidiaries 1 2 3 Page size: 10 21 items in 3 pages European Union Disclosures A,M.Best-Europe Rating Services Limited(AMBERS),a subsidiary of A-M.Best Rating Services,Inc.,is an External Credit Assessment Institution(ECAI)in the European Union(EU).Therefore,Credit Ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006/48/EC. 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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 A,M,Best I Site Map I Customer Service I Member Center I Contact Info 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©2017 A.M.Best Company,Inc.and/or its affiliates ALL RIGHTS RESERVED, http://www3.am best.com/ratings/enfities/CompanyProfile.aspx?ambnum=2283&U Rati ngld=2392449&bl=0&AltSrc=9&PPP=&A]tN um=0&Ext__U ser=&Ext_M i sc... 2/2 W AUTOMATICALLY RENEWABLE Q C B CALIFORNIA BANK U TKucr TRUST LE F- 1 ISSUED AT Irvine Center OFFICE Irvine CA DATE 0 4/1 1 /1 7 w (CITY OR TOWN) (STATE) W " o INC FSII_.CLt�nf FrPanca**********5791084360************ UO lCUSTOMAI�1? ICUSTOAlEi1 NUMBER) �. One Hundred Fifty Thousand and 00 1 00*************** DOLLARS $ 1 50 , 000 00 _ � L j HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK & TRUST PAYABLE TO _. City Of Fresno OR ORDER UPON MATURITY Q U) AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SIIRRFNDFR OF THIS CERTIFICATF PROPERLY ENDORSFO ATTHF AROVF OFFICE 4 ~ THE MATURITY OFTHIS CERTIFICATE WILL BE 4/1 1 119 AFTER DATE,AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS Oz UNLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR ANY EXTENDED MATURITY,THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS Q RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY.OR (B)UPON OR WITHIN TEN DAYS £R SUCH ORIGINAL OR ANY EXTENDED MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SUR RENDERED FOR PAYMENT SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF 01_Q•:J;PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY AS ABOVE PROVIDED,AND SUCH INTEREST WILL JI I BE PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN C INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS 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) 1• • • 1 • TTM"' . 1 • q Lennar Fresno,Inc. JPMorgan Chase Bank N.A. 8080 N. Palm, Suite 110 Chicago,IL 00845088 7o•z3zz Fresno,CA 93711 Void if ova 160 days 714 DATE I AMOUNT PAY 04/03/17 $*****6,666.00 SIX THOUSAND SIX HUNDRED SIXTY SIX AND 00/100 ************************************** DOLLARS FA fe� ' TO City of Fresno-Development Authorized Sl narory THE 2600 Fresno St ORDER OF Fresno CA 93721 .Au Ihorued5f gnufniy Two SignaruresRequireil vn Amautlrs Over$i0I.000.o0 THE FACE OF THIS CHECK HAS A BLUE AND GREEN BA KGROUND OTHER COLORS1 OF CHEMICAL ALTERATION.R ERASURE-SEE REVERSE SIDE FOR . b 11■0084508811' 1:07L9232261: 88629333Lill 1. • I 2111111111ol . 1 . 1 . Lennar Fresno,Inc. JPMorgan Chase Bank N.A. 0084508g 8080 N. Palm, Suite 110 Chicago,IL 70.2322 Fresno, CA 93711 Void if over 180 days 719 DATE I AMOUNT PAY 04/03/17 $***149,818.80 ONE HUNDRED FORTY NINE THOUSAND EIGHT HUNDRED EIGHTEEN AND 80/100 DOLLARS TO City of Fresno-Development thoriZed s; 1i5I THE 2600 Fresno St ORDER OF Fresno CA 93721 �t�slthvrixed$ignatary I �gnatures Required on Amounts Over Si.00.0000 1 1 1 I 1 1 1' I • 1 .' 1 /' •' p 11■0081, 5089110 1:0719232261: 88629333Lill (D 1-1�u�L TIME CERTIFICATE DEPOSIT CONFIRMATION & AGREEMENT Account Title: LENNAR FRESNO INC Account Number:5791084360 Issue Date: 04/11/2017 Deposit Amount: $150,000.00 Deposit Term: 24 Months Interest Rate: 0.007 Annual Percentage Yield: 0.010 Maturity Date:04/11/2019 Interest Frequency: ❑At Maturity ❑Annually ❑Quarterly 111 Monthly Interest Payment Method:O Add On ❑Issue Check ❑Transfer to Account Number: BANK Certificate of Deposit (CD) C B CALIFORNIA TRUST For important terms governing your account,please see the Deposit Account Agreement.Current copies of the Deposit Account Agreement are available at any branch or online at www.calbanktrust.com.Information current as of 12/01/2016. AccountOpening and Renewal Minimum deposit needed to open account Certificate of Deposit(CD) $1,000 Jumbo Certificate of Deposit(CD) $100,000 ............_. Automatically Renewable Your CD will renew automatically at maturity for a similar period unless we send you notice of nonrenewal.We will send a notice before maturity to provide you with an opportunity to pre- vent renewal during the grace period. Grace Period Your grace period is ten(10)calendar days beginning on the date of maturity or three(3)calen- dar days beginning on the date of maturity if the term of your certificate is 31 days or less. Account Changes Changes to the account are only allowed during the grace period.If you wish to change the term of your CD,you will need to close your existing CD and open a new CD with the desired term. Deposits After the account is opened,you may not make a deposit into the account until the maturity date.You may make an additional deposit on the maturity date and during the grace period. Interest and Payment Fixed Rate Your disclosed interest rate will not change until the CD renews at first maturity. Interest Compounding Daily Interest Information and Term See the separately provided"Time Deposit Confirmation"for interest rate,annual percentage yield,and the CD's maturity date and term. Interest Payment Interest will be paid monthly,quarterly,semi-annually,annually,or at maturity. See the sepa- rately provided"rime Deposit Confirmation"for details on your interest payment frequency. Annual Percentage Yield(APY)Calculation The term APY means a percentage rate reflecting the total amount of interest on an account based on the disclosed interest rate,the frequency of compounding for a 365-day period,and the assumption that interest paid remains in the account.A withdrawal will reduce earnings. WithdrawalsCD •n continued o Early Withdrawal Penalties Early withdrawal/closure penalties may be assessed when principal is withdrawn from a CD prior to the maturity date. Penalty Calculation The early withdrawal penalty is calculated based on the interest rate paid on your CD at the time of withdrawal and the length of your CD term.The penalty applies regardless of the length of time the funds have remained on deposit.The early withdrawal/closure penalties may affect the principal of the CD. CD Terms 31-days or less:The penalty assessed is equal to all interest the principal withdrawn would have earned for the entire term of the CD. CD Terms 32-days to 1-year: The penalty assessed is equivalent to 90 days interest earned on the amount of principal withdrawn. CD Terms Over 1-year:The penalty assessed is equivalent to 180 days interest earned on the amount of principal withdrawn Penalty may be waived if a depositor dies,is declared incompetent,or for other reason at our sole discretion. A division of ZB,N.A.Member FDIC. CD Withdrawals (continued) Principal Withdrawals You may make withdrawals of principal from the account before maturity.However,principal withdrawn before maturity is included in the amount subject to early withdrawal penalties.A withdrawal may be made on the maturity date or during the grace period without penalty. Interest Withdrawals For CDs whose interest remains on deposit,interest may be withdrawn at any time during the term after it has been paid.Interest may also be withdrawn at maturity or during the grace period.After the grace period,interest not withdrawn will become principal and any withdrawal of those funds prior to the next maturity date will be subject to early withdrawal penalties. Additional Disclosures Amendments These terms and your Deposit Account Agreement are subject to change with such notice as required by law.See your Deposit Account Agreement for details. Other Fees Please contact us regarding fees for services not listed. Dispute Resolution Agreement Your Deposit Account Agreement contains a Jury Waiver and a Class Action waiver.Disputes are subject to binding Judicial Reference(a)if the Jury Waiver is not enforced,or(b)you are a con- sumer and you request Judicial Reference.See your Deposit Account Agreement for more infor- mation. A division of ZB,N.A.Member FDIC.