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HomeMy WebLinkAboutT-5971 - Cashier Memo - 8/22/2017 "Y°' MEMORANDUM ff 0 "d■ PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: August 22, 2017 TO: YOLANDA SMITH Public Works Department FROM: JONATHAN BARTEL Public Works Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 5971 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING 1. Performance Bond in the amount of$2,363,000.00 2. Payment Bond in the amount of$1,243,500.00 3. 5% Performance Security a. Certificate of Deposit in the amount of$124,000.00 (Wells Fargo) 4. Document preparation fees deposit into 180203 10101 34559 a. Check in the amount of$8,854.00 (Wells Fargo Bank N.A. No. 45131) 5. The Balance on Exhibit B of the Subdivision Agreement a. Check in the amount of$132,888.77 (Wells Fargo Bank N.A. No. 45417) 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 MEMORANDUM PUBLIC WORKS DEPARTMENT LAND DIVISION 2600 FRESNO STREET FRESNO,CA 93721 DATE: August 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. 5971 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: $2,363,000.00 2. Payment Bond in the amount of: $1,243,500.00 If you have any questions, please contact me at 621-8684. Thank you Jonathan Bartel ;FR MT DIVISION ngeae—cl I -f E('w M Data 'AUG 18 2017 Bond No.: 6548395 Premium:$33,082.00 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno, State of California, and Wilson Premier Homes, Inc.,a California Corporation ("principal") will be entering into an agreement whereby principal agrees to install and complete certain designated public improvements,which said agreement, identified as Subdivision Agreement for the Final Map of Tract No. 5971 is hereby referred to and made a part hereof; and Whereas, principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and Developers Surety and Indemnity Company , as surety, are held and firmly bound unto the Cit of Fresno ("Cit " , in thepenal sum of two milli❑n three hundred sixty three thousand andyN}/1001* _dollars ($ 2,363,000.00*** ) 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 July 10 2017 Principal: Wilson Pre er es, Inc.,a California Corporation By: (Principal) Surety: Developers S r11ty and Indemnity Company By: (Surety)Att rs 'In-Fact:Justin Smit 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 p before me, Roberta Voss, Notary Public (insert name and title of the officer) personally appeared Justin Smit who proved to me on the basis of satisfactory evidence to be the person(a)whose name(x) subscribed to the within instrument and acknowledged to me that he/xkXySti0Wexecuted the same in his/Ixler/tkDedx authorized capacity(W), and that by his/Itw/fcWa x signature(m) on the instrument the person(a), or the entity upon behalf of which the personoj ) 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. �« ROBERTA VOSS WITNESS my hand and official seal. NOTARYPUBLIC-CALIFORNIA COMMISSION#2053053 I? FRESNO COUNTY ���/ My Comm.Exp.January 19,2018 Signature �j�(_P_,-�CG�— ,9S (Seal) 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 July 11, 2017, before me, DENISE MELKONIAN, notary public personally appeared TODD A. WILSON, 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 nd and fficial seal. DENISE MELKONIAN Notary Public-California Fresno County -- Commission M 2180034 My Comm.Expires Feb 12,2021 Signat re (Seal) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint: ***Roberta Voss,Justin Smit,Ann M. Ferguson, Mary Beth Smith, Mathew B. Harbeck, Matt DeFendis, Amber Gray,jointly or severally*** as their true and lawful Attomey(s)-in-Fact,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)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attomey(s)-in-Fact,pursuant to these presents,are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that a combination of any two of the Chairman of the Board,the President,Executive Vice-President,Senior Vice-President or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the allomey(s)named in the Power of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective officers and attested by their respective Secretary or Assistant Secretary this 6th day of February,2017. By: QE Daniel Young,Senior Vice-President ;'y��r ' %_1 a o1xPOR�a v 1936 `= 2�C67� Fd 0 n c u t9 Mark Lansdon,Vice-President %'•.,�,. ......... °,.r C,r a A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached.and not the truthfulness,accuracy,or validity of that document. State of California County of Orange On February 6 2017 before me, Lucille Raymond Notary Public Date Here Insert Name and The of the Officer personally appeared _ Daniel Young and Mark Lansdon 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 helshe/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 LUCILLE RAYMOND which the person(s)acted,executed the instrument. Commission•2001945 Notary Public•California I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Z Orange County true and correct. M Comm-Expires Oct 13.2018 f WITNESS my hand and official seal. Place Notary Seal Above Signature Lucille Ray and,Notary Public CERTIFICATE ✓ The undersigned,as Secretary or 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 force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,this 1 07f A day of ✓1 7so j 7 +,••'wtti AND� goPANY p, •J ,oPPOkrT:F?�i p POP.; n �.t. 1936 ' zN oc s gip= {� � ' Y a By _ ;a: i w 1967 Cassie J. risford,Assistant Sectfitary ATS-1002(02/17) �'••�,,,,,,,,,. Bond No.; 6548395 SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas, the City Council of the City of Fresno,State of California, and Wilson Premier Homes, Inc.,a California Corporation ("principal") have entered or will be entering into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, identified as Subdivision Agreement for the Final Map of Tract No. 5971 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 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 two hundred forty three thousand five hundred and No/100*** dollars ($ 1,243,500.00*** ), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on July 10 20 17 . Principal: Wilson Premier Homes, Inc.,a California Corporation By: _ -7[90� I Principal) Surety: Developers Surety and Indemnit Coy�an rL By: retyi Attorney-In-Fact:Justin Smit 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 -7110/17 before me, Roberta Voss, Notary Public (insert name and title of the officer) personally appeared Justin Sni t who proved to me on the basis of satisfactory evidence to be the person(s) whose name('.) is/sm, subscribed to the within instrument and acknowledged to me that he/zkoeAkWexecuted the same in his/fxxx/tkoeix authorized capacity(isac4c), and that by his/kW!*9 ieix signature(X)on the instrument the person(a), 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. cR ROBERTA VOSS WITNESS my hand and official seal. _ .,NOTARY PUBLIC-CALIFORNIA COMMISSION#2053053 _ FRESNO COUNTY My Comm.Exp.January 19,2018 Signature (Seal) 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 July 11, 2017, before me, DENISE MELKONIAN, notary public personally appeared TODD A. WILSON, 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 m nd d official seal., ....,. DENISE MELI{QNIAN Notary Public—California Fresno County COmmisSiorl►2190034 Signatu a (Seal) MY Co mm.Explres Feb 12,2021 POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOW ALL BY THESE PRESENTS that except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each hereby make,constitute and appoint: ***Roberta Voss,Justin Smit,Ann M. Ferguson, Mary Beth Smith, Mathew B. Harbeck, Matt DeFendis,Amber Gray,jointly or severally*** as their true and lawful Adomey(s)-in-Fact,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)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attorney(s)-in-Fact,pursuant to these presents,are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that a combination of any two of the Chairman of the Board,the President,Executive Vice-President,Senior Vice-President or any Vice President of the corporations be,and that each of them hereby is,authorized to execute this Power of Attorney,qualifying the attorney(s)named in the Power of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of either of the corporations be,and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective officers and attested by their respective Secretary or Assistant Secretary this 6th day of February,2017. =1 �6 By: V .•,•. ..AND.t '+.•. Q�PA1rroF Daniel Young,Senior Vice-President :'O "TIP o'��1. X44 fvo,�*���pr . o. 1936 <= 2 Oct- d 0 By. '� ��'-�CrpaRrr'•a;' Mark Lansdon,Vice-President • ..........4A A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California County of Orange On February 6 2017 before me, Lucille Raymond,Notary Public Dale Here Insert Name and The of the Officer personally appeared Daniel Young and Mark Lansdon 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 helshelthey executed the same in histher/their authorized capacity(ies),and that by hislherltheir signature(s)on the instrument the person(s),or the entity upon behalf of LUCILLE RAYMOND which the person(s)acted,executed the instrument. Commiss!on#2081915 F Notary Public-California I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is Orange County true and correct. My Comm.Expires Oct 13,2018 � WITNESS my hand and official seal. Place Notary Seal Above Signature �J Lucilll y Dnd,Notary Public CERTIFICATE The undersigned,as Secretary or Assistant Secretary of DEVELOPERS SURETY AND 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 force as of the date of this Certificate. W. This Certificate is executed in the City of Irvine,California,this p day of f 1/ 1,7 ,.'•tY AN0lN'• O,� o y]� .......F�? ���pPOZi gq�C, _tom 3� P� Z BY:_ ...... 1936 ={_ ocr s a Cassie J. rrisford,Assistant 5 Lary r967 z 3'•Tlrr+d�•�.•' � '�(!F PNS ATS-1002(02117) '••,.,r.r,•,.•••' 8/18/2017 Company Profile CALIFORNIA DEPARTMENT OF INSURANCE COMPANY PROFILE Company Profile Company Search Company Information Company Information DEVELOPERS SURETY AND INDEMNITY COMPANY Old Company 17771 COWAN STE 100 Names IRVINE, CA 92614 Agent for Service Reference Old Company Names Effective Date Information NAIC Group List Lines of Business Agent For Service Workers' KARISSA LOWRY Compensation 2710 GATEWAY OAKS DRIVE Complaint and SUITE 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: UNLIMITED-NORMAL Comparison Data Company Company Type: I 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. AUTOMOBILE BOILER AND MACHINERY BURGLARY FIRE LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY back to top hftps://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 1/2 8/18/2017 Company Profile © 2008 California Department of Insurance https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=100170 212 8/18/2017 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center A.M. Best Rating Services Developers Surety and Indemnity Company u A.M.Best#:Oil 752 NAIC M 12718 FEIN M 420429710 Mailing Address View Additional Address Information `me„mi 56,on sh Rey P.O.Box 19725 Irvine,CA 92623-9725 rrt tr A FAc*Ronl United States Assigned to insurance companies that have,in our opinion, an excellent ability to meet their ongoing insurance Web:www.amWstsurety.com obligations Phone:949-263-3300 Fax:949-252-1959 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: r(Reinsured) Financial Size Category: XV($2 Billion or greater) Outlook: Negative Action: Affirmed Effective Date: February 27,2017 Initial Rating Date: January 29,1996 Long-Tenn Issuer Credit Rating View Definition Long-Term: a Outlook: Negative Action: Affirmed Effective Date: February 27,2017 Initial Rating Date: June 06,2007 u Denotes Under Review Best's RaOng 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,FIRM Disclosure Information View A.M.Best's Rating Disclosure Form A.M.Best Revises Outlooks to Negative ana Affirms Credit Ratings gf Am Trust Finanglal Services.Inc.and Its 50sidiaries I February 27,2017 Rating History A.M.Best has provided ratings&analysis on this company since 1996. Financial Strength Rating Effective Date Rating 2/27/2017 A 7/8/2016 A 5/29/2015 A 5/30/2014 A 1/6/2014 A 9/20/2013 A-u 6/17/2013 A- 5/31/2012 A- Long-Term Issuer Credit Rating Effective Date Rating 2/27/2017 a 7/8/2016 a 5/29/2015 a 5/30/2014 a 1/13/2014 a 9/20/2013 a-u http://www3.ambest.com/ratings/entities/SearchResults.aspx?AltSrc=9 1/2 8/18/2017 Developers Surety and Indemnity Company-Company Profile-Best's Credit Rating Center 6/17/2013 a- 5/31I2012 a- 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. l'( Report Revision Date:4/10/2017(represents the latest significant change). Historical Reports are available in AMB Credit Report Archive. View additional news,reports and products for this company. ........_................................................................................................._..... 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May 25,2017 A.M.Best Comments on Credit Ratings of Am7rust Financial 5e rvi c es.Inc-and Subsidranes Foll❑W no Common IQ Wit r-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 Wlth positive Irri lications Jan 08,2014 A M,gest Upgrades Ratings of Developers 5urety and Indem.niV_Cornaam-pn_d indem n iiy Cooam .ny of California Sep 20,2013 A.M.f3esl Places Ratings of Developers Surely and Indemnity CDmoany and Indemnity Comuankof California Under Review May 31,2012 A_M-Best Revises Outlook to Ne atrve for DeveIo ers Su rely and Ind Lrnrii and Its Su bs i d i ary,Ind emnrt Cpm P a ny of Cal ifer European Union Disclosures A M Best-Europe Rating Services Limited(AMBERS),a subsidiary of A M Best Rating Services,Inc,is an External Credit Assessment Institution(ECAI)in the European Union(EU)Therefore,Credit Ratings issued and endorsed by AMBERS may be used for regulatory purposes in the EU as per Directive 2006/48/EC. Australian Disclosures A M Best Asia-Pacific Limited(AMBAP),Australian Registered Body Number(ARBN No 150375287),is a limited liability company incorporated and domiciled in Hong Kong.AMBAP is a wholesale Australian Financial Services(AFS)Licence holder(AFS No.411055)under the Corporations Act 2001.Credit Ratings emanating from AMBAP are not intended for and must not be distributed to any person in Australia other than a wholesale client as defined in Chapter 7 of the Corporations Act.AMBAP does not authorize its Credit Ratings to be disseminated by a third-party in a manner that could reasonably be regarded as being intended to influence a retail client in making a decision in relation to a particular product or class of financial product AMBAP Credit Ratings are intended for wholesale clients only,as defined Credit Ratings determined and disseminated by AMBAP are the opinion of AMBAP only and not any specific credit analyst AMBAP Credit Ratings are statements of opinion and not statements of fad They are not recommendations to buy,hold or sell any securities or any other forth of financial product,including insurance policies and are not a recommendation to be used to make investment/purchasing decisions. Important Notice:A-M.Best's Credit Ratings are independent and objective opinions,not statements of fact.A.M.Best is not an Investment Advisor,does not offer investment advice of any kind,nor does the company or its Ratings Analysts offer any form of structuring or financial advice-A.M.Best's credit opinions are not recommendations to buy,sell or hold securities,or to make any other investment decisions.For additional information regarding the use and limitations of Credit Rating opinions,as well as the rating process,information requirements and other rating related terms and definitions,please view Understanding Best's Credit Ratings. About 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.ambest.com/ratings/entities/SearchResults.aspx?AltSrc=9 2/2 9791589188 Time Account Receipt/Disclosure if Banker Name: Officer/Portfolio Number: Date: NIDAL GARCIA ICD884 108/11/2017 Banker Phone: Branch Number: Banker AU: Banker MAC: 1559/451-2260 4090 10000163 IA0826-011 Customer/Account Information Primary Customer Name: Customer Number(ECN): ;WILSON PREMIER HOMES INC 1429267782109216 COID: Product A=wt Number: Open Date: Term: Maturity Date: 100114 JCDA '9791589188 108/11/2017 I12 months 108/11/2018 Time Account Opening Deposit Interest Rate: Annual Percentage Yield: Fixed Rate: Variable Rate: Renewal Term: 1$124, 000.00 1 0.05% 1 0.05$ IYes INo 112 months 0 n m yInterest will be paid: The method of payment will be: o (EVERY 01 MONTHS AND AT WITHDRAWAL IBY ADDING TO PRINCIPAL _ Renewability: } YOU WILL AUTOMATICALLY RENEW MY TIME ACCOUNT AT MATURITY UNLESS I NOTIFY YOU OTHERWISE Account Title and Mailing Information Customers)Listed on Account Mailing Address: WILSON PREMIER HOMES INC 7550 N PALM AVE STE 102 Address Line 2: HOLD FOR CITY OF FRESNO City: State: FRESNO CIA ZIP/Postal Cade: Country: 93711-5500 US This is a receipt. It need not be presented at the time you obtain payment from the Bank. (; usto e r - Page 1 of 1 W60168(8-17 SVP) Account Number:q11% 583( J� Security Amount: $124,000.00 ASSIGNMENT (Subdivision Agreement) SECURITY FOIA: Wilson Premier Homes. Inc. hereinafter called ASSIGNOR, whose principal place of business is 7550 N.Palm Ave. #102 Fresno CA. 93711 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 _ City of Fresno , evidenced by Certificate of Deposit in the amount of$124,000.00 number CAnl l l 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 No.5971,Wllson Premier Homes, Inc. 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 ti-Ah day of )1t , 2019. Name & Title of Assignor 15EC2&14z1_A RECEIPT FOR NOTICE OF ASSIGNMENT Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records the City's interest in the account as shown by the above assignment and have retained a copy of this sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. Dated this day of 20_ Bank Name Branch Location City State By Name Title of Officer Assignment Form Page 2 Tract No. RECEIPT FOR CERTIFICATE OR SHARE(S) AND DIRECTION TO PAY EARNINGS Receipt is acknowledged of the above assignment and the Certificate of Share(s) identified in the above assignment. The bank named in the above assignment is hereby authorized and directed to pay any earnings on the above-identified account to the above-named assignor until otherwise notified in writing by the of the City of Fresno. Dated this day of —. 20 — By 20By Authorized Officer or Employee Telephone Number For any question concerning this assignment transaction, please call upon the office of the appropriate officer shown herein. PAYMENT OF FUNDS AND RELEASE OF ASSIGNMENT The City of Fresno hereby requests payment to be made to the City of Fresno in the amount of$ from withdrawal of funds in that amount from the Deposit Account identified in the above Assignment. Upon payment of such amount to the City, the City authorizes to release to Assignor all funds in the Deposit Account in excess of $ and relinquishes all further right, title and interest of whatever nature in the Deposit Account. Dated . 20 _ By Authorized Officer or Employee City of Fresno (Fees) WILSON HOMES,INC. 45131 7550 NORTH PALM,SUITE 102 FRESNO,CA 93711 'F INVOICE NO. DESCRIPTION INVOICE AMOUNT DEDUCTION BALANCE Oj 8854 . 00 CHECK 6-29-17 NUMBER 45131 TOTALS 8854 . 00 . 0 8854 . 00 DATWELLS FARGO BANK,N.A. 11-24 4 5131 WILSON HOMES, INC. 1210(8) 7550 NORTH PALM,SUITE 102 FRESNO,CA 93711 (559)224-7550 Pay: "**"**Eight thousand eight hundred fifty-four dollars and no cents DATE CHECK NO. AMOUNT June 29, 2017 45131 $******8, 854 . 00 PAY City of Fresno (Fees) 8 TO THE ORDER OF 11004513111■ i: L2L0002L,81:L L2L2062L311' WELLS FARGOBANK6124 45417 WILSON HOMES, INC. ,N.A. 1210(8) 7550 NORTH PALM,SUITE 102 FRESNO,CA 93711 (559)224-7550 Pay: *********************************132* thousand *888* dollars and 77 cents DATE CHECK NO. AMOUNT July 28, 2017 45417 $****132, 888 . 77 8 PAY City of Fresno (Fees) TO THE ORDER OF - A` J no0454L710 1: 121000248i:412L2062130 City of Fresno (Fees) 75 0ILSON NORTH PALM,SUITE 102 45417 FRESNO,CA 93711 DATE INVOICE NO. DESCRIPTION INVOICE AMOUNT DEDUCTION BALANCE - - n-nai Flap Te 0 132888 .77 CHECK 7-28-17 CHECK 45417 TOTALS 132888 . 7 r . C 0 132888 .77 DATE NUMBER 581.1-S