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2019 Assumption of Liability Rider - Bond No. 894467SLiberty 1Vlutual® SURETY Attn: CITY OF LA QUINTA RE: Change Surety Company Principal: Washington Street Apartments LP Surety Bond Number: 8944675 Bond Amount: $294,777.00 Original Surety: Developers Surety & Indemnity Company New Surety: The Ohio Casualty Insurance Company Change Surety Company Assumption of Liability Rider • Effective,11/1/2019 the original surety on the above referenced surety bond, Developers Surety & Indemnity Company is replaced with The Ohio Casualty Insurance Company. • On the effective date, The Ohio Casualty Insurance Company assumes all obligations of the original surety from the date of issuance of the Surety Bond and all obligations of Developers Surety & Indemnity Company under the Bond are extinguished. • Obligee's signature on this Rider confirms its consent to this substitution and release of the original surety on the effective date. • All notices, including claims, should be sent to: Liberty Mutual Surety P.O. Box 34526 Seattle, WA 98154 Attention: LMS Claims With the exception of the substitution of Surety Company pursuant to this Rider, all terms and conditions of the Surety Bond remain in full force and effect. This Assumption of Liability Rider shall not, in any respect, vary, waive, alter or extend the terms, conditions and obligations of the Bond. Signed and dated this list day of November, 2019. NEW SURETY: The Ohio Casualty Insurance Company Renee Llewellyn, Assistant Secretary OBLIGEE: kA BY: L MONIKA RADEVA, City Clerk City of La Quinta, California ©2019 Liberty Mutual Insurance SL-7601 B 10/19 10z - #10 - J000000 - 704 - 1408 Liberty Mutual® SURETY November 1, 2019 10z - #10 - 1000000 - 704 - 1407 CITY OF LA QUINTA 78495 CALLE TAMPICO LA QUINTA CA 92253-2839 III""IIII111'llllllll'll'III'llll'lllllllllll'll�l�ll"IIIIIIII Dear Obligee: Liberty Mutual Surety 2200 Renaissance Boulevard, Suite 400 King of Prussia, PA 19406 RECEIVED DEC 4 2019 CITY OF LA QUINTA CITY CLERK DEPARTMENT On May 31, 2019 Liberty Mutual Insurance Company ("Liberty") acquired the U.S. surety operations of AmTrust Financial Services which includes Developers Surety & Indemnity Company, CorePointe Insurance Company, Indemnity Company of California and Wesco Insurance Company. Liberty is now liable for the above referenced surety obligation. To memorialize and clarify the liability of Liberty for the referenced obligation, we have enclosed an Assumption of Liability Rider ("Rider"). Depending on the obligation, the surety on the Rider is Liberty or Ohio Casualty Insurance Company (" OCIC"). Liberty is an admitted surety in good standing with a U.S. Treasury Listing of $1,289,139,000. OCIC is an admitted surety in good standing with a U.S. Treasury Listing of $175,415,000. As noted on the Rider, upon the effective date the assuming surety will be the surety as if the new surety originally issued the bond. In recognition of this assumption, we asl< that you sign the enclosed Rider and electronically return a copy to: If you have any questions or concerns regarding this process, please contact: Lucille Raymond (1 ucille.Raymondr&libeLtymutual_cnm / (949) 263-3371) or Christina Thorpe (Christio3 Thor e g-libertyMutl Eal com / (610) 832-8431). Thank you for your cooperation. Sincerely, Liberty Mutual Surety Enclosure - Rider ©2019 Liberty Mutual Insurance SL-7601 A 10119 1 oz - #10 - J000000 - 704 - 1407