Loading...
32201 Crestwood Corporation (former SC Homes Fund LLC) - OBR & Released BondsOUTSTANDING BOND REPORT Tract Number: 32201 Development: Estates at Coral Mountain Developer/Owner: Crestwood Corporation (Prev. SC Homes Fund, LLC) Bond Company: HARCO National Insurance Company 2400 East Katella Avenue, Suite 250 Anaheim, CA 92806 Attn: Jonathan Ortiz Outstanding / Released Bonds: Bond Type Bond No. Amount: Date Replaced or Released Performance (on-site) PB03010402659 $622,223 Released 10/17/2024 Performance (off-site) PB03010402658 $198,356 Released 10/17/2024 Labor & Materials (off-site) PB03010402658 $198,356 Released 10/17/2024 Dust Control – PM10 PB03010403511 $10,000 Released 10/17/2024 Performance (on-site) 0817718 $662,223 Labor & Materials (on-site) 0817718 $662,223 Performance (off-site) 0817717 $198,356 Labor & Material (off-site) 0817717 $198,356 Dust Control – PM10 0817719 $10,000 City of La Quinta CITY COUNCIL MEETING: October 15, 2024 STAFF REPORT AGENDA TITLE: APPROVE ASSIGNMENT AND ASSUMPTION AGREEMENTS AND AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 32201, A RESIDENTIAL DEVELOPMENT LOCATED AT THE NORTHWEST CORNER OF AVENUE 60 AND MADISON STREET RECOMMENDATION Approve Assignment and Assumption Agreements and Amendment to Subdivision Improvement Agreements for Tract Map No. 32201, and authorize the City Manager to execute said agreements. EXECUTIVE SUMMARY SC Homes Fund, LLC has sold its interest in this tract to a new developer, Crestwood Corporation (Crestwood) and desires to assign the subdivision improvement obligations to Crestwood. Crestwood requests approval of Assignment and Assumption Agreements and Amendment to Subdivision Improvement Agreements (Agreements) for Tract Map No. 32201. FISCAL IMPACT There is no fiscal impact to the City. Crestwood has submitted replacement securities to guarantee construction of the improvements. BACKGROUND/ANALYSIS Tract Map No. 32201 is a residential development located at the northwest corner of Avenue 60 and Madison Street (Attachment 1). In February 2016, SC Homes Fund, LLC entered into Subdivision Improvement Agreements for Tract Map No. 32201. SC Homes Fund, LLC has sold its interest in this tract to Crestwood. The City will release SC Homes Fund’s securities upon executing the Agreements (Attachment 2). CONSENT CALENDAR ITEM NO. 6 113 ALTERNATIVES Staff does not recommend an alternative. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director / City Engineer Attachments: 1. Vicinity Map 2. Assignment and Assumption Agreements and Amendment to Subdivision Improvement Agreements for Tract No. 32201 114 V I C I N I T Y M A P NOT TO SCALE TRACT MAP NO. 32201 ATTACHMENT 1 115 ta 0�a (ALIFORNIA MEMORANDUM Date: October 17, 2024 To: Monika Radeva, City Clerk From: Amy Yu, Associate Engineer Re: Bond Replacement for Tract Map 32201 Please replace the following bonds held in your file for the above referenced tract after Assignment and Assumption Agreements and Amendment to Subdivision Improvement Agreements for TM 32201 are approved by City Council (consent item on 10-15-2024 agenda) and executed by City Manager. Please release the following bonds: Tract Map No. 32201 Type of Bond Bond No. Performance Amount Performance (on -site) PB03010402659 $662,223 Performance (off -site) PB03010402658 $198,356 Labor & Materials (off -site) PB03010402658 $198,356 Dust Control PB03010403511 $10,000 Please retain the following attached bonds: Tract Map No. 32201 Type of Bond Bond No. Performance Amount Performance (on -site) 0817718 $662,223 Labor & Materials (on -site) 0817718 $662,223 Performance (off -site) 0817717 $198,356 Labor & Materials (off -site) 0817717 $198,356 Dust Control 0817719 $10,000 Previous Developer: SC Homes Fund, LLC 10621 Civic Center Dr Rancho Cucamonga, CA 91730 Attn: Jason Holt Surety Company: Philadelphia Indemnity Insurance Company 19800 MacArthur Blvd, Ste 1250 Irvine, CA 92612 Attn: Janina Monroe October 17, 2024 Philadelphia Indemnity Insurance Company 19800 MacArthur Blvd, Suite 1250 Irvine, CA 92612 Attn: Janina Monroe RE: TRACT MAP 32201 ESTATES AT CORAL MOUNTAIN – RELEASE OF BONDS Dear Ms. Monroe, Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office hereby releases the following bonds: Bond Number Bond Amount Bond Type PB03010402659 $622,223 Performance (on-site) PB03010402658 $198,356 Performance (off-site) PB03010402658 $198,356 Labor & Materials (off-site) PB03010403511 $10,000 Dust Control – PM10 A copy of the bonds being released is enclosed for your reference. SC Homes Fund, LLC, the developer, was also notified of the above bonds released on 10/17/2024. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Acting Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777 - 7162 October 17, 2024 SC Homes Fund, LLC 10621 Civic Center Drive Rancho Cucamonga, CA 91730 Attention: Matthew Jordan RE: TRACT MAP 32201 ESTATES AT CORAL MOUNTAIN – RELEASE OF BONDS Dear Mr. Jordan, Per authorization of the City of La Quinta Public Works Department, the City Clerk’s Office has hereby released the following bonds and notified Philadelphia Indemnity Insurance Company On 10/17/2024. Bond Number Bond Amount Bond Type PB03010402659 $622,223 Performance (on-site) PB03010402658 $198,356 Performance (off-site) PB03010402658 $198,356 Labor & Materials (off-site) PB03010403511 $10,000 Dust Control – PM10 The original paper bonds are enclosed. Please do not hesitate to contact me should you have any questions. Sincerely, Olivia Rodriguez, Acting Deputy City Clerk Email: ORodriguez@LaQuintaCA.gov Tel: (760) 777 - 7162 Bond Number: PB03010402658 Premium: $2,975.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32201 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32201 prior to installation of certain designated public improvements required by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and SC Homes Fund, LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated , 20 , and identified as Tract Map No. _312_41 . is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and ,Philadelphia Indemnity Insurance Company , as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of One Hundred Ninety Eight - thousand, Three HundredDOLLARS ($ 198.356M Fifty Six )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 the 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 therefore, 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 hereunder 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 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, (Seal) (Seal) SC Homes Fund, LLC BY: Diversified Pacific Development Group, LLC ITS: Manager Principal By Title | Phila Indemnity Insurance Company - ~ ture of Surety Monroe,/Janina .A�ornmv-|n-Fact /~ AtTitle of Signatory torney-In-Fact Irvine, CA 92612 Address of Surety 949-252-4400 Phone # of Surety Janina Monroe Contact Person For Surety CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of BO'(VLV 1O ) On Fr,' Ra V4 -Ack; before me, D te personally appeared Here Insert Name and Title of le Officer :ji..)161e1 11 Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person V) whose name,(15) is/are' subscribed to the within instrument and acknowledged to me that he/ hey executed the same in his/fidritheir authorized capacity(haS), and that by his/rieritheir signatureM on the instrument the persons, or the entity upon behalf of which the person acted, executed the instrument. SIMONE BASSO Commission # 1990814 Notary Public - California San Bernardino County My Comm. Expires Oct 9, 2016 Place Notary Seal Above z 2 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. Signature OPTIONAL ;„ Signature of Notary Public 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 Doqu5nent Title or Type of Document: .-tef-revikla POO ?OM flnrr ImPrit Date: 1,61A (1„:166( Number of Pages: _ Signer(s) Other Than Named Above: .)1(1-11.,(14),, )(1101 Capacity(ies) Claimed by Signer(s) Signer's Name: 0 Corporate Officer — Title(s): 0 Partner — Fl Limited LI General El Individual 0 Attorney in Fact El Trustee 0 Guardian or Conservator 0 Other: Signer Is Representing: Signer's Name: Corporate Officer — Title(s): _ IA Partner —Lil Limited II General CI Individual II Attorney in Fact Lil Trustee 111 Guardian or Conservator 0 Other: Signer Is Representing: XZ? XC4 XX ©2014 National Notary Association • www.NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 ALL- PURPOSE CERTIFICATE OF 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 Orange On FEB 02 zps before me, personally appeared who proved to me on the basis of satisfactory evidence to be the person(*) whose name(s) is/ subscribed to the within instrument and acknowledged to me that bia/she/...., executed the same in kis/her/ r authorized capacity (iesX and that by her/ signature* on the instrument the person*, or the entity upon behalf of which the person* acted, executed the instrument. ) M. Barreras, Notary Public mere Insert Warne en Janina Monroe 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. • NL ary Public Signature (Notary Public Seal) M. BARRERAS Commission # 2048208 Notary Public - California Orange County My Comm, l'rp!f:_s Nov 5, 2017 ADDITIONAL OPTIONAL INFORMAT ON INSTRUCTIONS FOR COMPLETING THIS FO This fortn complies with current Cal statutes regarding 110i01:1° wording and, if needed, should be completed and attached to the document. Ac/no/wedgentsfro,n other states may he completed for documents being sent to that state so long as the wording does not require the California notary to violate California notary law. • State and County information must be the State and County where the docutnent signer(s) personally appeared before the notary public for acknowledgment. * Date of notarization must be the date that the signer(s) personally appeared which must also be the same date the acknowledgment is completed. 9 The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • Print the name(s) of document signer(s) who personally appear at the dine of notarization. * Indicate the correct singular or plural forms by crossing off incorrect fonns (ix, he/she./ , is lefe ) or circling the correct fonns. Failure to correctly indicate this infonnation may lead to rejection of document recording. * The notary seal impression must be clear and photographically reproducible. Impression must not cover text or lines. If seal impression smudges, re -seal if a sufficient arca permits. otherwise complete a different acknowledgment fonn. * Signature of the notary public must match the signature on file with the office of the county clerk. • Additional information is not requited but could help to ensure this acknowledgment is not misused oi attached to a different document. Indicate title or type of attached document, number of pages and date. • Indicate the capacity claimed by the signer. If the claimed capacity is a corporate riffled, indicate the title (i.e. (EO, CFO, Secretary). * Securely attach this document to the signed document with a staple DESCRIPTION OF THE ATTACHED DOCUMENT (Title or description of attached document) (Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE SIGNER O Individual (s) O Corporate Officer (Title) • Partner(s) I5J Attomey-in-Fact o Trustee(s) o Other . YIN nitn 500 1 LI:n.bn PHILADELPHIA INDEMNITY INSURANCE COMPANY 231 St. Asaph's Rd.. Suite 100 Bala Cynwyd, PA 19004-0950 Power of Attorney 1,,:N(' 1 /LPL PFRSONS R5` THF;;F PRP`>FNT': that PHIL.AIUF'LPHIA. INOENINITY INSURANCE CO iSP. N r` (ticc: d a,mpany t, a ccrpc) ticbsa e exisiinp rani r thr, laws of th , Commonwealsh r,f P,'tuuc=,=i,; ni:.t oaorF. hcrehy .70!),crit.ute and aPpoint:.l.1NFNi;1, MONROE, TI-InfdAS 6. FICC.,\I.,L, T1P 1 NC+ON .,,,N AND MICHELLE HA ,\' [ CIF 1 ocK- i ij (r1PL1P4NIIES, LLC It, tilt(' and lawful r\tlot'ncyl;:) in fact with full attiin nbligatcory i+u the uatcue 1herer f, issued in rho; eroitrsn Thi; Poow,rr of Attorney is t ran sealed by fac:siuti P111LADELP111.\ 1-11LFMNIL1- INS T7P:\tJC`T 'Ca1vYI`.ANY at a nicaoinc,, RESOLVED: FURTHER RESOLVED: he Lrr Ihe.rc10 ant authori1y gr' 11711honds, ondcttakit lintal t,1ae C t>sttaean ,° rir�tt 1,, 11 Appannt :\tiorneyisa ut 11 ray bowl: ern! 'e'� �na� taK ilc'€ rrtn tPi�w t'+ n9'!e7{l.'Ptidid nt not to 1•x00ed $25,1)00,R1d10,1)1) of the fnllrawinl 1'., .oPluti idiant or a ice Pf4:s1d: o> tindn nt of 1110 and r.<<s1.. tht° va trn1l.; rtat.inG to wl nd w 3351 tor:. of TN TFSTIA1C,Nl"'Al1FRLr"t E. PML.:01)11 LPTii.A 'INDEMNITY R1llIR NCE C(11,1Pr\fJY HAS CAUSE THI.e ENSTR11AIENT TO HF SKTaNLD AND ITS CORPORATE SL'AL•T[+1BF AFFIXED FtA" 1'FS Aii'111 .1)1`ZF[OOFFICE THiS 70" [140 CIl'i L:hPit410 2013. r 5,:,s FI C,u 1FOhnutsv- 2013. he1'. me came the indi'••idtual Its' is the thereita,i;a,<<r0. aeti auUtnrizel othiccr of the PHIL % ""I ty; that the -:;aid ,: enpec0e. Seal ,and his P,ohcrl 13 Philadelphia indent! cotal.tnttwEALitiirPENNsyo..vAto, NOTARIAL SEAL DAt11ELLE FORAM, ilrrt y twat Metivo T -, Naar.Oom pry C MyCutwi" ` Mand `!, 41 Notary Pt7Fd msidfulg at: rick Company ied the precc,iirat in t tangent. t= nae gselcnnaliv known. and Ia=yin Fy me duly sworn said that INDLIyih:ET t01.1RANCE CO PAN I that 1o's,aal0)11'. <1 fl., a:ta+1 r¢a_,t3sraterat it; tic ae <'reduly. fti°c 1. 13ala.s:yntax..<I:.PA .. spires: 1larch 22,,20,a 1, Craig P. koG 11el, l xPc.utiv,r Vi,. Pre:°;i,1001. Clbs+, il?inancial officer and the lnnt?,airug resolution a,f the Bcnard int"DU'e stets ;sut1 rias r`lutiscr ccrti[\ tls,at.eaae t ri 0"Le:,rf?r. til-hK r,,eees1e 1 elect,a.1 Prr.sidnnr.ofP1411 f'LLPitIA INDE1,1r•T1`Il' 101 .11 retasab nT'T§TdLt\b)FI_.PHIA 17tDFtw1NIT0 1T 01 17 0NCF. 01 a01P:\NY, do hrih'. c0 r.l.uetl I,,arts+aa,tt r3aerc-to arc true and a'a",n'Ct1 and aro stilt in dull hatcc and e1ffz,-i. 1 c Preaid;.n1. \VIM on she date ni ho1n 01 the. attsch,rd Pc c r get'r,tt<erueo th 'ANY, In Te irna,'ony Whereof !have snbsenhed lTly name and affix- the farsitaai9c stag! of c,ach Company F E1> 0 2 2016 ma i4 P. Toolbar, F'ee.uttyc Vice PueF..idenl, Chief Futan0sal PHILADELPHIA INDEMNITY INSURANCE COME ANY Bond Number:PB03010402658 Premium: Included in Perf.Bond SUBDIVISION IMPROVEMENTS Tract Map No. _3220i LABOR AND MATERIAL BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract N prior 10 installation of certain designated public improvementsrequired by the Conditions of Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of Califomia, and .SC eS.|Ftiod(|C hereinafter designateas "the principal" have entered into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, dated .20.and identified mm Tract Map No. 377R1 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 pnt bond with the City of La Quinta to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the CiviI Code or the State of Caiifomia. NOW, THEREFORE, the principal and the underhgnedwocorponab*munaty\mreha|dfinnkybpund unto the City of La Quinta and all contractors, subcontractors, |mbomans, nmohehm|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 Qne Hundred Ninet Ei.ht Thousand, Three Hundred Fifty Six DOLLARS (Q1S83sWD0 ), for materials furnished or labor thereon of any kind, orfor 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 10 be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreedthatthi bond shall inure to the benefit of any anda|| 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, 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, mxhenoinn, a|heotion, or addition. In witness whereofthis instrument has been duly executed by the principal and surety above named, on February 2 , 20 16. (Seal) (Seal) SC Homes Fund, LLC BY: Diversified Pacific Development Group, LLC ITS: Manager Ma#hanaging Member Philadelphia Indemnity Insurance Company S ture of Surety nina Monroe, Attorney -In -Fact Title of Signatory 108OOMacArthur Blvd, Ste. 125U Irvine, CA 92612 Address of Surety 849-253-4400 Phone # of Surety Janina Monroe Contact Person For Surety CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of '6e-6/aro Int On f42ikorkkj !bate personally appeared A0/6, before me, t Here Insert Name and Title of th Officer Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the personwhose name N isPare subscribed to the within instrument and acknowledged to me that heMiteAttey executed the same in his/h 'I -authorized capacity(WS), and that by his/ -ttreit signature,() on the instrument the person) or the entity upon behalf of which the person (%) acted, executed the instrument. SIMONE BASSO Commission # 1990814 Notary Public - California San Bernardino County 32: omm. Expires Oct 9, 2016 Place Notary Seal Above 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. Signature OPTIONAL / Signature of Notarj Public 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 Dnrument: 0,100Y (,110 )110.: 0-,xmd Document Date: 1,tida-tcl Number of Pages: Signer(s) Other Than Named Above: JO ft kYno,Akit, Capacity(ies) Claimed by Signer(s) Signer's Name: C] Corporate Officer — Title(s): E Partner — Limited 0 General Individual El Attorney in Fact II Trustee IA Guardian or Conservator El Other: Signer Is Representing: Signer's Name: El Corporate Officer — Title(s): 10I Partner — E Limited E General 101 Individual 0 Attorney in Fact El Trustee 0 Guardian or Conservator El Other: Signer Is Representing: 02014 National Notary Association • w.NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 ALL- PURPOSE CERTIFICATE OF 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 Orange On FEB 0 2 2016 before me, personally appeared } } M. Barreras, Notary Public (Ho( a rrt Nun* and Lla of Lila Othca-ri Janina Monroe who proved to me on the basis of satisfactory evidence to be the persona whose name(s) subscribed to the within instrument and acknowledged to me that Iste/sheis executed the same in Is/her/ -r authorized capacity0testX and that by her signature* 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. WITNESS my hand and official seal. (Notary Public Seal) M. BARRERAS Commission # 2048208 71 Z Notary Public - California z .. , .io Orange County ?. My Comm. Fxriires Nov 5, 2017 r ADDITIONAL OPTIONAL INFORMAT ON INSTRUCTIONS FOR COMPLETING THIS FO This form complies with CUITC1li California statutes regarding notary wording and, if needed should be completed and attached to the document Acknolwedgents from other slates may he completed for documents being sent to that state so long as the wording does not require the California notary to violate California notary law. • State and County information must he the State and County where the document signer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which must also he the same date the acknowledgment is completed, • The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public), • Print the name(s) of document signer(s) who personally appear at the tiine of notarization, • Indicate the correct singular or plural forms by crossing off incorrect forms (ix, hoishe/ , is /ere ) or circling the correct fonns. Failure to correctly indicate this information may lead to rejection of document recording. • 1he notary seal impression must be clear and photographically reproducible. linpression must not cover text or lines. If seal impression smudges, re-scal if a sufficient area permits, otherwise complete a different acknowledgment fimn. • Signature of the notary public must match the signature on file with the office of the county clerk. • Additional information is not required but could help to ensure this acknowledgment is not misused or attached to a different document. • Indicate title or type of attached document, number of pages and date. • Indicate the capacity claimed by the signer. If the claimed capacity is a corporate °Meet, indicate the title (i.e. (EO, (FO, Secretary). • Securely attach this document to the signed docuinent with a staple. DESCRIPTION OF THE ATTACHED DOCUMENT (Title or description of attached document) (Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE S GNER O Individual (s) O Corporate Officer (Title) O Partner(s) 541 Attomey-in-Fact o Trustee(s) o Other !, \P2, ;Aril Y.,:ii)SS b()(1 e cibbn 3345 PHILADELPHIA INDEMNITY INSURANCE. COMPANY 231 St. Asaph's Rd., Suite, 100 Fiala Cynwyd, PA 1 94)(14-0950 Power of Attorney 1:1) iOW ALL PERSONS F3 T1lLg2 PP ESENTS: that PHILADELPHIA INDEMNITY INSURANCE COMPANY ialic Ccaripany'r a cotTviration organ lied and existing, under the laws or ofie Commonwr:ahlt cirPotnylraitta, doc,. hvwhy conshrutc and appcont ./ AMIN, IF '1 ()[J u, Iv(CC„1 1 TIN/Well-1y T. J(1.-11-1NAN AND N 11 fiELLE HAASF OF Ll)(- KTON iTOMPANIES, LLC Its nab; cold lawful Attorney( s) in fact with full authority In :XeC.11(e on its behalf bniids, lInderiakings, recngnizancer, and other contraeb) of nut:minty and cvritilu7s obligatory in the MR/re (IV:WM-, 117431.101 in lir courftcs of its bitsirn:s and to boil tfr: Conpany idwrerry, in an ans.:nun n,-.4 1 i.)-v-ccil S25.000.01,11LIHI Thii) Prnvcr tAttiLtrney Jarited and is sittned and reakvi hy facsimile ander ..ttirl by the alilbol 3' f the following Resolution alopti.7.(1 b,.• Iii: Board of Dir2C: tr,^1'S ufr PFIILAPILIFIE INDEMNIFY INSIJR Ar,Ir L COI\ PAN V"u Illee101V duly P11ihe 1' day July, 20 1 I. RESOLVED: That the lioai.0 r+f Directors roht iulhOIl7r'v, or any c t.F.iidetit of the l_olorany to: 1 Appoint Anoitieryisiu 1-..(i( 100 1114141,11ZC the AttOrney(s) in Fact to 0\3 4110 Cni heltalf the C,Ympany horrIs and unk.riakings, contracill oI inekannity and otlii-J writings obligatory in Ole 11111111; OICIY‘of arid to 1:itraeli the thr: r2ompiiny 11l0 1) 34! 2 11 ranola:, a( any now., tris,, such Attrkrricy-in-Fara .and revoke the authority etvcn. And, he n. FURTHER RESOLVED: That the sip:mit-tics of such officer: and (he e1l of lilo Company ;13y 10 affrxcd to such 1' o or tAttorney r>r Gertiljeitc'. relating thi:rclo by facsimile, and any such Power of Artnorey so executed and c.nrified y facsimk vignalture.t and facsimilv wal shall he valid and hiding utv-m ilie i-otripany 14 tIK: furor., with the: respect io any bond or undertaking to shish it is attv:hcd. TESTIN trils,TY WHEREOF, PHIL.i'kDELPHIA INDFMNITY TN IIP NCE cir,4PANY HAS / \l [D TIlfS BF. SIGNED AND ITS 1.1'viRPriR ATI SE.A.LTri \1 31 AUTFIORIZED c+IFICE THIS 7 DAY tit, 1(803 r1"4 (43 Roller! D (t -Leal-,.. Jr , President lCErt Phi layklphia Indemnity Instiranco ‚14433' 31:' ITPu 144 ','" day n 201.3, hrfnir-..'11.1e came the individual ho executed the pr..ceding in5troinent, 10 rersnrally hown, and being h7 rn,t duly cwom tiaid that 1),.^ is du.' ihcaein ilescribcd and alithorizi.°0 crilie.c-r or The PIIILADE1,PIIIA 1NSUR A NCE COM P.A N 11,11 1110 sc 11 offu.;ed to 111 invmninent is the Ceriro scal :Eiatri Company, that OK: said Cr r' 11'. Sc:al and his f1iiz41a1111 3. 1411) duly affiNe.d. .0.1TLAL. 9C PUINSYLVANIA. tIOTARK SEAL OAMEILE PORAM, etriyPAl6 L lftrieo ,, larairaa res Marth ...„ (Notary Seat) Notary Public; rcsiding at: My COM1311SS(071 eMpifeS: Bala Cynwvd,PA March 22.2016 IL - 1, Crai2. P. Keller, F'. iii'.' Pir,silt-att, Chief Financial Offit:er and Secretair-,,, 11-111_,API LPH INDININITY iN01.TRANCL C(I)MPA N'., do 1ii:Thy ccrtity that tht)3 g rlfl tordtitioti the 11,-,111 Direct -1's and this Potwar of A 1lornt-.7 issued J1111 33111 [hp No ar,ts IJ 14 1110 ‚.1 '".1 and arc still in hill [04'o.! and trit.r:ct, I dri further that Robed 1-.1 (1./'1_,ear/ Jr executed the Power of \3 13:4' 3":= Pre'E;ident01•3 dair: )1:(:-/..,:vi.141,),11 1.111:. 1133 113 Power Anomcy the duly elected Presideul of PII1LADELPHIA 1NDENINITY INSLIRANCE C4)1`,ThANY, FEB 0 2 2016 In T,....ctiln,nv WI1Creof 1 have 5111117,:ribed Y name and affixed 1110 fi2c. stunk seal ell eaell Cornrow; Ibis day of • 20 . Craig P.1.ellcr IFY,ectu lye Vice Pt);:sidoit, Chid -Financial. 47) (ricer Si Scorct.tary PHILADELPHIA INDEMNITY INSURANCE COMPANY Bond Number: PB03010402659 Premium: $9,933.00 SUBDIVISION IMPROVEMENTS Tract Map No. 32201 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: THAT, the City Council of the City of La Quinta has approved the final map for Tract Map No. 32201 prior to installation of certain designated public improvements required by the Conditions Approval for the subject map, in accordance with the California Map Act (Government Code Section 66462) WHEREAS, the City Council of the City of La Quinta, State of California, and SC Homes Fund, LLC hereinafter designated as ("principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated . 20 , and identified as Tract Map No. 3220J is hereby referred to and made a part hereof; and WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and Philadelphia Indemnity lnsurance Company . as surety, are held and firmly bound unto the City of La Quinta hereinafter called ("City"), in the penal sum of Six Hundred Siw\yT*mTxouaondTwonundrm:TwnntyThnmeDOLLARS($ 662,223 00 )|mmfu|monmyof the United States, for the payment of which sum well and truly to be made, we bind ourom|veo, 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, oxecutors, 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 theCity, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remairi in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefore, there shaU be included costs and reasonable expenses and fees, includirig 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 that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed hereunder or the specifications accompanyingthm same shafl in any manner 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, (Seal) SC Homes Fund, LLC BY: Dversified Pacific Development Group, LLC ITS: Manager Principal /mdpal an, Managing Member Title Philadelphia Indemnity Insurance Company (Seal) Signdture of Surety Michelle Haase, Attorney -In -Fact Title of Signatory 1Q8OOMacArthur Blvd, Ste. 125O Irvine, CA 92612 Address of Surety 949-252-4400 Phone # of Surety Janina Monroe Contact Person For Surety CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of (11 On Date - personally appeared I 0 -1/ Q10 -before me, bIk Here Insert Name and Title of t e Officer Wla.ffkkk A. 03.ie1 Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person A whose name is/Arg subscribed to the within instrument and acknowledged to me that he/Sige-ithey executed the same in his/ 't authorized capacity(ieS), and that by hisit signatureK on the instrument the person(), or the entity upon behalf of which the persoWacted, executed the instrument. Ob. SIMONE BASSO Commission # 1990814 Notary Public - California San Bernardino County My Comm, Expires Oct 9, 2016 Place Notary Seal Above 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. Signature OPTIONAL Signature of Notary Public 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 1b;-(-6,(nlavyaz Document Date: 1,00 Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: 0 Corporate Officer — Title(s): Lil Partner —LI Limited Fl General Li Individual El Attorney in Fact 11 Trustee 0 Guardian or Conservator El Other: Signer Is Representing: 02014 National Notary Association vv.NationaINotary.org • 1 -800 -US NOTARY (1-800-876-6827) Item #5907 Signer's Name: Corporate Officer — Title(s): Lil Partner — El Limited Li General Ill Individual El Attorney in Fact Trustee II Guardian or Conservator El Other: Signer Is Representing: ALL- PURPOSE CERTIFICATE OF 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 Orange on FEB 0 2 2016 personally appeared who proved to me on the basis of satisfactory evidence to be the person (0 whose name) is/ subscribed to the within instrument and acknowledged to me that bie/she/executed the same in kis/herbr authorized capacity(40 and that by her signatures on the instrument the person*, or the entity upon behalf of which the person* acted, executed the instrument. before me, } M. Barreras, Notary Public tliare insect name and HI., of the officer} Michelle Haase 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. frif Notary Public Signature (Notary Public Seal) ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF THE ATTACHED DOCUMENT (Tille or description of attached document) (Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE SIGNER O Individual (s) O Corporate Officer (Title) o Partner(s) tia Attomey-in-Fact o Trustee(s) • Other NOIR{ 600 qb.f.)t, z M. CARRERAS Commission # 2048208 Notary Public - California Orange County Comm. F)Tires Nov 5, 2017 INSTRUCTIONS FOR COMPLETING THIS FO z z This form complies with current Cahfornia statutes regarding notary wording and, if -needed, should he completed and attached to the document. Acknobredgents front other states May he completed documents being sent to that state so long as the wording does not require the California notary to violate California notary law. * State and County information must be the State and County where the document signer(s) personally appeared before the notary public for acknowledgment. * Date of notarization must be the date that the signer(s) personally appeared which must also he the same date the acknowledgment is completed. * The notary public must print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • Print the name(s) of document signer(s) who personally appear at the time of notarization, * Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. is /we ) or circling the correct fonns. Failure to correctly indicate this information may lead to rejection of document recording. * 1he notary seal impression must be clear and photographically reproducible. impression must not cover text or lines, If seal impression smudges, re•seal if a sufficient area permits, otherwise complete a different acknowledgment form. • Signature of the notary public must match the signature on tile with the office of the county clerk. * Additional information is not required but could help to ensure this acknowledgment is not misused 01 attached to a different document. * Indicate title or type of attached document, number of pages and date, 4- Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officei, indicate the title (i.e. CEO, CFO, Secretary). * Securely attach this document to the signed document with a staple. I NC+1a"' .i.1.1? °i kla 1%`, Ti1FSF P3�T f_'.1rintnol1,R',r.Sl N( ar rlgAN ,NL3 Alir_1-1t l-:f,F' 1-Inr"„I'.L f'ab L(r--};'1 PHILADELPHIA INDEMNITY INSURANCE COMPANY St. :1,,nrh'a Rd.. Suon I+.Afo T>>.taa Cyriw d, P.\ I °AIr1,.I-,^,.rst1 Power of Attorney NTS: th51 PHIL,Al7ELPTIlr1 INDEMNITY Y INS1 R,ANCE. COMPANY uib. Compam, k,: ca li a °�I"i°enn^;,'I�ca�ri;t. J,}us ht"bea_°.' cormiunt,. ;Ind '.1p.I,:,uot:.lAi'11N.A, tlrlN}:f)E, 1-FIra6,:1:'a G. MCC A its tnuc and 113;1°11 ,R,ttt°un= yo s? on fit, -.:1 with full ;uAlhor91y- to er",_cartc no ➢1. }.;,half honti,, 1u1aieirokitir, race°1^,,19: toclrr1. 30,1 0thrAr coulrraelq ,,f °udeonotin' nnrl'.vrili ohlivatnly in the 1,t aur.° Ih ue: P', us. cr,;l in the d"tilar;07 of it 1,usinrs; ;tn,1 tca hind )h,, r'w !lAll,eny dhe..Nhv" in n3A amount nr,q tr° txcertl "r2S,U1141,1100.011 'This, Powr. r a,f rlttnril°'V is °^r<cntn31 and is ,=i�ule.rl and :(cfa1' 1 hti la:7S101 f 11ti Following R 1,llnti,l u aJ PHIL ,SDELI'1rPA 11ib)ENMITY DrSt lf'.AP1r-L (.'r °'1F',";N1' al ;a ,r,P-.tiny ii tR=, cdlPt;a:% tiu<S 1 " ai;r°v t°i'Jul)', ; (11 I . RESOLVED: lint the Pu,nrrl of Ilarc,:tt,r> 1I'F,,1.31 3119!; (,aft3 333+ Iv+; I I h 11'1°6)1 :14!1° H1 un.1'i:+1 iha Ea,.' Ihr:.4l3 tine ,.^ra 1;'}°119',,0 ohS 4 3orop333y bnwl,ir; :ind nnrl°a0,.t:ola her t iioiol, a ,hlirntor,' i3A th; 1,i u,. obter a,A" uta1,9 t ° ;,tact,,} ll,c °al ilrocic°lo: :in°L I n t , i °um, s, 21 ;wry ki,n+:, ;to -A°,' titbtiPA t3.R+,1't,e:y Pr:,+denl CO' ally 1 FURTHER RESOLVED: That the i °°1t:thtrc' nf'sozor, "i91cc1°1 such P.w+rr 1,E ,ltlr^rro-y 1,r i Vnl1i Attoon•°:c „o caF'cuir°,1 and rind hi lir,! o,lron aio^ f`°'1313 n;' it uud rr:lkncg 1,1 ti hour if i:-. ;aui h'd Con-in:n:1y ma 50c31 of oh.. :44':,4 m Fly:t t,1 Iv nn,l Pory^r 1 s.bnrl P1r 3346 3131 TF S'TII,Arr' 'r .33 IILRY'r1T, Y 17YL:>_T_nLLI°llI.A INDEMNITY 313'4IRANCF {: a"r1 1T.yl)i f1.'\.3 1 1tlSED Til! 1T STi,131' IF3'IT Tunl 1)F SIGNET, ,A1\11) EIS C+F' :SUM:7'0 NUT' 11.6;r.It".1'i:a(ti'TICE TH(S:?'"°DAY (X1 3313Rl.➢:\lt'. +11 . P.nhcrl ID (T1 ('hilad.t^ltthio I 1,k 1.3rr: rot am°z 13-r indu -radau,31 who :,:ecoa°.3,3 tiv prcccalia a irvstnion1 , oc, n!7. }1er,on313' l oowro, and he is t9aPr th*r•miut Acs'aaa}ed 1rai autll,r,u rze.9 r,11'i^:er 1,1 tlrc PH/1A DFTP111\ INT! 1IIN,13 \ 1N 1'C{:.t }. T'(tA1Sn,4\'3 ,h,i3 11;r s;t:al ,,f slxi-°1 t s:tiri in°,art 17,1Tprw,o1 91:11 01 Cr`.1i({ tion Ih:f =;r°v,1 u °,rg,rr,;rt,; >;c" ul ,and hi, .;itroalo4.vssc gs� r1[. °� COM POTI WEALT19.OF Pfi3YN9YLV AN I.C. F OTARRAL SSAL DANIELLE PORAll1,11¢tttlr}� Pubic l,oxar Me m'l ., lhantozwrrp C 3cn Arty CrrapTk4nob1 2e, 241 _ 4Alnlar=:.'.c Il ,:1,71 141[ hint ary 3113 °9i: 1061AZL R, -da 41 'nvn,a PFl Rlarch Z?. 2411r; crai . P. k1ler, Exec 3(1Pe. Vine I'resid,'11 1 l f Ti,t 33 31 rtff,: o r and SC•:n::ARC,' !,1(3111(.141- PIIIA INDENINIT`s" i i . 1P.,1NI [ ((11' 3;1,NY, do I,,.r floc 1 .331 ,n r7 ° o asolrnir of oP'tbtr 1[3,1,369 °,1" L1urm.a rra3 , tolat [lui; Pntr :t ,33 /-,33( 3'I y nsirc,i 1°orrsruaru 11-ro, ta., are trltc .;nod :°<,1,33 11 31!11 t,4i11 iv 11113 tn,r°; 7,_°r1 caTm°o: 3373! c;.utii'E3131 R.nh,.u1 I) Ci'L,,: r..Ir da'lsc,t tsrsotl:31 the PovL,er,ll'r1Ur13113 ac; Pr=>ni=4rt. vsl.,°n i}te,11¢= nf,,L,:134!.1,1,➢ th,c c131 hr.d fr°,tc1111 SA.10.1A- ;.y e1.7ctod Prr;r:1,1,:0 9°I' 1'1131..,,,DE ['311, MDT' TvIiJ11-1S1-11--ZAN F C'{ 11411 .3P,S In Tc;rilanrr,: Ll`91rr.^nf 1313'' ;13llsc.3 1331 Any 1a x°.d Ilto; len:; 711a9, se31 of eutill t'aln3P a.11y this 41rai; Fa 13, lrr. Lxr,r: I'I1ILA11) 1[13 4.3 INF4F (N111 t d, iIR.1.Na'E C(.rNIP1,1413 FEB 0 2 2OIb ,r1 1, 014,3-1 nnncinl 1aff1 :r,: Secretror" 3 Bond No.: PB03010403511 Premium: $150.00/ 2 Years COPY FAITHFUL PERFORMANCE BOND (LQMC 6.16) Fugitive Dust Control Bond WHEREAS, the City of La Quinta, California, is prepared to authorize SC Homes Fund. LLC. , as Principal, to proceed with certain construction activities pursuant to one, or more permits issued by the City, for various infrastructure improvements and/or structures on, or associated with. Drivately-owned property generally known to the City and others as TM 32201 ; and WHEREAS, all such construction and demolition activities must be performed in such manner as to conform with La Quinta Municipal Code, Chapter 6.16, entitled Fugitive Dust Control to reduce fugitive dust and corresponding PM10 emissions; and WHEREAS, said Principal is required to ensure that Fugitive Dust Control Permit # prepared specifically for the subject construction site, is financially secure by furnishing security for the faithful performance of the dust control activities required in the Fuaitive Dust Mitigation Plan. Philadelphia Indemnity NOW therefore, we the Principal and Insurance Company as Surety, are held and firmly bound unto the City of La Quinta, as Obligee, in the penal sum of Ten Thousand and 00/100 Dollars ($ 10 000 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 bonded 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 dust control plan 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 the Obligee, 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 therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorneys fees, incurred by the Obligee 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 dust control olan or to the work to be performed there under 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 dust control plan or to the work, the specifications, or the conditions of approval of said plan. Page 1 of 2 T Drive/Checklists — Forms & Applications/Standard Dust Control Bond Form Fugitive Dust Control Bond Fugitive Dust Control Permit # 4// 7 7 Page 2 of 2 In witness whereof. this instrument has been duly executed by the Principal and Surety above named, on November 11 , 20_16 SC Hpr s Fund, L�. w De, l�ww`eUrnitA 1,4A,}� ^� al. �e cd e y o�xnc� e� , t.0 sts.'`� nr+fer (Seal) Signature.X Pite may l mir Title[of SiqnaW (Seal) 0 of Surety nce Company Jani Monroe, Attorney -In -Fact TitjW of Signatory 251 South Lake Suite #360 Address of Surety (949) 252-4405 Phone # of Surety Janina Monroe Contact Person for Surety T Drive/Checklists — Forms & Applications/Standard Dust Control Bond Form CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 �xcc�:c,�r�cr�,�tcs,�scr�rcc�:r�:rcccocs�crc;sire�,c��:c�.crams,�sc�.crcrcr�c;c�c,�x�c�r�r�.cr�rc�.crcr,�rc� 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 ) On before me, Date Here Insert Name and Title of the Officer personally appeared Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose names) is/are subscribed to the within instrument and acknowledged to me that he/s-hs/ hey executed the same in his/L'tet�#4aeir authorized capacity(ios), and that by his/Pter- their signature(s) on the instrument the person(,, or the entity upon behalf of which the person(.4-acted, executed the instrument. SIMONE BASSO Notary Public - California -: San Bernardino County Commission #r 2164524 My Comm. Expires Oct 9, 2020 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. Signature Signature of Notary 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: Number of Pages: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Corporate Officer — Title(s): Partner — Limited General Individual Attorney in Fact Trustee Guardian or Conservator Other: Signer Is Representing: Signer's Name: Corporate Officer — Title(s): Partner — Limited General Individual Attorney in Fact Trustee Guardian or Conservator Other: Signer Is Representing: ©2014 National Notary Association • www.NationalNotary.org - 1-800-US NOTARY (1-800-876-6827) Item #5907 ALL- PURPOSE CERTIFICATE OF 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 Orange } On NOV 1 12 before me, M. Barreras, Notary Public ere insert name and We of the officer) personally appeared Janina Monroe who proved to me on the basis of satisfactory evidence to be the personi;W whose name(s) is/m subscribed to the within instrument and acknowledged to me that he/she/tom executed the same in kis/her/th6tr authorized capacity0eRX and that by itlasWher/tdzeca signature(* on the instrument the person*, or the entity upon behalf of which the personM 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. a M., iERA WITNESS my hand and official seal. =� commission # 2046203 a_ z; •� Notary Public - Calitorna y z ® Orange County 01 Mty Comm. Expires Ncv 5, 2017. a�•a . Notary Public Signature D (Notary Public Seal) ADDITIONAL OPTIONAL INFORMATION INSTRUCTIONS FOR COMPLETING THIS FORM DESCRIPTION OF THE ATTACHED DOCUMENT Title or description of attached document) Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer de ❑ Partner(s) Id Attorney -in -Fact ❑ Trustee(s) ❑ Other Tlrrs forni conflAes with current Calrjornia statutes regarding notm_r if ordrng and. i needed. should he completed and attached to the document Acknohredgents from other states mat, he completed for documents being sear to that state so lung as the if ording does not require the California notag• to wolare California notary lair • State and ( ounty intbrinatton must be the State and Counq where the document signers) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared w Inch must also he the same date the acknowledgment is completed • the notary public must print his or her name as it appears within his or het commission followed by a connna and then your title (notary public). • Print the nannc(s) of document signer(s) who personally appear at the time of notarization • Indicate the correct singular or plural limns by crossing ofl' incorrect fonns We helshc they;- is ieft ) or circling the correct fonns. Failure to correctly indicate this infonnation may lead to re_lection of document recording. • the notary seal impression must be cleat and photographically reproducible Impression must not cover text or lines. If seal impression smudges, rc-seal if a sufficient area permits, otherwise complete a different acknowledgment Run. • Signature of the notary public must match the signature on file with the ollice of the county clerk. Additional infom)ation is not requital but could help to ensure this ❑cknowledginent is not misused or attached to a different document Indicate title or type ol'attachcd document, number a1'page% and date Indicate the capacity cl:unxd by the signer if the claimed capacity is it corporate officer, indicate the title (i.e. (T 0. CFU. Secretary) • Securely attach this document to the signed document evtth a staple 4587 PHILADELPHIA INDENINIT'Y INSURANCE COMPANI 231 St. Asaph's Rd., Suite 100 Bala Cynwyd. PA 19004-0950 Poker of Attornet KNOW Al. 1. PI:RSONS BY TTIESE I'llESENT•S: that PHILADELPIIIA INDEMNITY INSURANCE COMPANY (the Company), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint: JANIN A MONROF, T 11OMAS G. MCCALL, TIMOTHY .1. NOONAN AND MICHFLI.1'_ HAASF OF LOCKTON COMPANIES, LLC Its true and lawful Attorney(s) in fact with full authority to execute on its behalf bonds, undertakings, recogniz<urces and other contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business and to bind the Company thereby, in an amount not to exceed $25,000,000.00 This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of PI IILADFLPIIIA INDEMNITY INSURANCE COMPANY at a meeting duly called the I'day of July, 2011. RESOLVED: That the Board ol'Directors hereby authorizes the President or any Vice President of the Company to: (1) Appoint Attorney(s) in fact and authorize the Attorney(s) in Fact to execute on behalf of the Company bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and to attach the seal of the Company thereto; and (2) to remove, at any time, any such Attorney -in -Fact and revoke the authority given. And. be it FURTHER RESOLVED: That the signatures of such officers and the seal of the Company may be affixed to any such Power of Attorney or certificate relating thereto by facsimile, and any such Power of Attorney so executed and certified by facsimile signatures and facsimile seal shall be valid and biding upon the Company in the future with the respect to any bond or undertaking to which it is attached. IN TESTIMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT 1'0 BE SIGNED AND ITS CORPORATE SEALTO BE AFFIXED BY ITS AUTHORIZED OFFICE THIS 7"' DAY OF FEBRUARY 2013. (Seal) Robert D. O'Lear) Jr., President & CEO Philadelphia Indemnity Insurance Company On this 10°i day of June 2013, before nu came the individual who executed the preceding instrument, to me personally known, and being by me duly sworn said that he is the therein described and authorized officer of the PI ILADE LPI-IIA INDEMNITY INSURANCE COMPANY: that the seal affixed to said instrument is the Corporate seal of said Company; that the said Corporate Seal and his signature were duly affixed. COMMONWEALTH OF PENN5YLVANIA Notaft Seal KMWy A. Kesslew, NOUrV Public 1DwL Metbn TWp. A Mfr CwMy My Canmisswn F.,pms Da. 38, 2016 MEmila FrwS VMIA/EWOATION OF NOTARIES (Notary Seal) Notary Public: residing at: My commission expires: m Bala Cynwvd, PA December 18, 2016 1, Craig P. Keller, Executive Vice President, Chief Financial Officer and Secretary of PIIILADL'LPf11A INDEMNITY INSURANCE COMPANY, do herby certify that the foregoing resolution of the Board of Directors and this Power of Attorney issued pursuant thereto are true and correct and are still in full force and effect. I do Further certiN that Robert D. O'l-can Jr.. who executed the Power of Attorney as President. was on the date ofexecution ofthe attached Power of Attot r.y d.c dvly elected President of PIIILADI=LPlilA INDEMNITY INSURANCE COMPANY, NOV 1 12016 In Testimony Whereof I have subscribed my name and affixed the facsimile seal ofeach Company this day of _j 20 Craig P. Keller, Executive Vice President, Chief Financial Officer & Sec.^et.:,v PHILADELPHIA INDEMNITY INSURANCE COMPANY