88-048 JBK Venture II, Improvement Agreement Manita CourtAGREEMENT
MANITA COURT
'!his AGREEMENT made and entered into this J 8th clay
of __ ~J~u~l~y ______________________ _ , 19~, by and between the CITY OF
CUPERl'lNO, a municipal corp:lration of the state of california, hereinafter
designated as CITY, and JBK VENTURE, A CALIFORNIA GENERAL PARTNERSHIP
hereinafter designated as DEVEIDPER.
WITNESSETH
WHEREAS, the DEVEIDPER has made application to the CITY for a
PARCEL MAP
to construct and maintain a SINGLE FAMILY DWELLING
hereinafter referred to as "Project."
WHEREAS, CITY hereby approves the i.'1'provement plans and specifications
prepared for the Project by CIVIL ENGINEERING ASSOC.
a true copy of which :iJnprovement plans and specifications are on file in
the office of the city Engineer of CUpertino; and
WHEREAS, the same are incorp:lrated herein by reference, the same as
though set out in full;
NCM, 'IHEREFORE, said :iJnprovement plans and specifications shall be
hereinafter called the "Plans," and the work to be done un::ler the Plans
shall be called the "Work."
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WHEREAS, pursuant ta the provisions of this AGREEMENT, the CITY hereby
established the amounts of Borris, Fees, and Deposits as set forth in the
follCMing scheOule:
SCHEIXJLE OF oom:s, FEES AND DEFOSI'IS
street IIrprovement category:
PARr A.
PARr B.
PARr C.
PARr D.
Faithful Perfonnance Bom:
FORTY SEVEN THOUSAND NINE HUNDRED THIRTY TWO AND 00/100
DOLLARS . labor arid Materl.al Bom:
FORTY SEVEN THOUSAND NINE HUNDRED THIRTY TWO AND 00/100 DOLLARS Olecking and Inspection Fee:
TWO THOUSAND THREE HUNDRED NINETY SEVEN AND 00/100
DO;LLARS Indirect City Expenses:
THREE HUNDRED FIFTY NINE AND 00/100 DOLLARS
PARr E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
PARr F. stann Drainage Fee:
SEVEN HUNDRED AND 00/100 DOLLARS
PARr G. One Year PCMer Cost:
PARr H. street Trees: By Developer
PARr I. Map Olecking Fee:
TWO HUNDRED TEN AND 00/100 DOLLARS
PARr J. Park Fee:
TWENTY ONE THOUSAND NINE HUNDRED FIFTY FOUR AND 00/100
PARr K. DOLLARS . . water Main Extensl.on DePOSl.t:
PARr L. Maps an:l/or IIrprovement Plans:
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$47,932.00
$47,932.00
$ 2,397.00
$ 359.00
$ 1,000.00
$ 700.00
N/A
$ 210.00
$21,954.00
N/A
N/A
NCW, THEREFORE, IT IS HEREBY MU'IUAILi!' AGREED by and between the
parties hereto-as follCMS, TO WIT:
1. DEDICATION
A. 'rhe DEVELOPER offers to de::licate the real property sh= on
Exhibit "A", which is attached hereto and made a part hereof by reference.
Said dedicated property shall be free and clear of all liens or
encumbrances except those which the CITY shall waive in writing. 'rhe
DEVELOPER agrees not to revoke said offer of de::lication, and to keep said
offer open until the CITY accepts offer by resolution.
B. Upon execution of this AGREEMENT the DEVELOPER agrees to
deliver a properly executed grant deed to the CITY of the real property
described in Exhibit "A", and such other executed conveyances, or
instruments necessary to corr:vey clear title as herein required. 'rhe
DEVEI.DPER shall provide, at the DEVELOPER'S sole cost and E!lq?el:lSe, to the
City:
(1) A preliminary title report issued by a title insurance
carnpany relating to the property offered for de::lication.
(2) A standard policy of title insurance issued by a title
insurance CCllIp'3.Ily and insuring the CITY in the sum of: NIA, and
which shall shoIv said property free and clear of all liens or
encurobrancesexcept those as the CITY shall expressly waive in
writing, said policy shall be furnished at the time of acceptance
of de::lication and recordation of deed.
c. Upon the condition precedent that the DEVELOPER shall
perform each and every covenant and condition of this AGREEMENT, the CITY
agrees to accept said real property offered for de::lication.
2. INSTALIATION OF I'AJRK
It is further agreed that:
A. 'rhe DEVELOPER shall install and complete the Work within one (1)
year from the date of execution of this AGREEMENT, or such longer period
as may be specifically authorized in writing by the city Engineer. In the
event the DEVEI.DPER fails or refuses to complete the Work within the
specified period of time, the CITY, at its sole option, shall be
authorized to complete the Work in whatever manner the CITY shall decide.
In the event the CITY completes the Work, the CITY may recover any and all
costs incurred thereby from the DEVELOPER or the DEVELOPER 1 S surety or
both.
B. 'rhe DEVELOPER shall install and complete the Work in a good and
workIranlike manner in a=rdance with the plans as approved by the City
Engineer of 0Jpertin0. 'rhe Work shall be done in a=rdance with existing
ordinances and resolutions of the CITY and in a=rdance with all plans,
specifications, standards, sizes, lines, and grades approved by the city
Engineer. The Work shall be done in a=rdance with all state and County
Stabltes applicable hereto. 'rhe decision of the City Engineer shall be
final as to Whether any material or workmanship meets the standards,
specifications, plans, sizes, lines and grades as set forth.
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C. It is further agreed that the Work shall be done in a=rdance
with the IDOSt current Standard Specifications of the Department of PUblic
Works, califomia Department of Transportation, state of califomia, and
in a=rdance with the specifications of the CUpertino sanitary District
where applicable.
l-Illerever the words "state" or "califomia Division of Highways" are
mentioned in the state Specifications, it shall be considered as
referring to the CITY of CUpertino; also wherever the "Db::e:ctor" or
"Director of PUblic Works" is mentioned, it shall be considered as
referring to the City Engineer.
In case of conflict between the State Specifications and the
specifications of the CITY and/or the CUpertino sanitary District, the
specifications of the CITY and/or the CUpertino sanitary District shall
take precedence Oller and be used in lieu of such conflicting portions.
3. EXCAV1\T.ION PERMIT
It is further agreed that the DEVE!OPER shall comply with Section
'Ihree of Ordinance No. 130 of the CITY by obtaining an excavation pemit
from the City Engineer before the commencement of any excavation in, on,
or under the surface of any existing public street, lane, alley, sidewalk,
or other public place. It is further agreed that the DEVE!OPER shall
notify the City Engineer of the exact date and ti1l1e when the proposed
excavation is to commence.
4. QJI'I'CIAIM DEED
It is further agreed that the DEVE!OPER, when requested by the CITY,
shall quitclaim all his rights and interests in, and shall grant to CITY
authorization to extract water from the underground strata lying beneath
said project and DEVE!OPER agrees to execute a "Quitclaim Deed and
Authorization" in favor of CITY, when pI"eSe!1.ted to hi:m for signature.
5. BJNOO AND 0l'HER SEaJRITY
A. Upon the execution of this AGREEMENT, the DEVE!OPER shall file
with the CITY a faithful perfOrl1B!1ce bond to assure his full and faithful
pertorIrance of this AGREEMENT. The penal sum of said faithful perfOrl1B!1ce
bond shall be the full cost of· any payment to be l1I3.de under this
AGREEMENT, the value of any land agreed to be dedicated, and any
improvements to be made under this AGR.EEMENT. In the event that
imprCNements are to be l1I3.de under this AGREEMENT, the DEVE!OPER shall, in
addition to said faithful perfOrl1B!1ce, file with the CITY a labor and
l1I3.terials bond in a penal sum adequate to assure full payment of all labor
and l1I3.terials required to construct said imprCNements. The amount of said
bon:ls shall be as designated by the city Engineer. Said bon:ls shall be
executed by a surety company authorized to transact a surety business in
the state of california and must be apprCNed by the City Attorney as to
fonn and by the City Engineer as to sufficiency. In the event that the
DEVE!OPER shall fail faithfully to perfonn the CCNenants and corrlitions of
this AGREEMENT, or to l1I3.ke any payment, or any dedication of land, or any
imprCNements herein required, the CITY shall call on the surety to perfonn
this AGREEMENT or othetWise indemnify the CITY for the DEVE!OPER' S .failure
to so do.
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B. In lieu of a.surety bond, the DEVEIDPER may elect to secure this
AGI<EEMENT by depositing with the CITY:
1. cash; or,
2. A cashier's check, or a certified check payable to
the order of the City of CUpertino; or,
3. A certificate of deposit, or instrument of credit meeting
the requirements of GoVernment Ccx1e Section 66499 (b) or
(e) •
C. 'The amount of said cash, checks, certificate of deposit, or
:i.nst:rul:tient of credit shall be as designated by the City Engineer, and
shall be the equivalent to that which would have been required had the
DEVEIDPER furnished the CITY with a surety bond. In the event that the
DEVEIDPER shall fail faithfully to perform the covenants and conditions of
this AGREEMENT, or to make any payment, or any dedication of land, or any
i..nq;>rovements herein required, the CITY may apply the proceeds of said
security thereto.
D. No release of surety bond, cash deposit, check, or certificate of
deposit, shall be made except upon approval of the city council.
E. No interest shall be paid on any security deposited with the
CITY.
6. <l!ECKING AND INSPECTION FEE
It is further agreed that DEVEIDPER shall pay any and all necessary
direct expenses for inspection, checking, etc., incurred by CITY in
connection with said Project, and that DEVEIDPER shall have deposited with
CITY, prior to execution of this AGREEMENT, the amount as set forth herein
at Page 2 (Part c). Should construction cost vary materially fram the
estimate fram which said sum is calculated, the City Engineer shall notify
DEVEIDPER of any additional sum due and ClWing as a result thereof.
7. INDIRECl' EXPENSES
It is further agreed that DEVEIDPER shall pay to CITY, prior to
execution of this AGREEMENT, indirect expense allocable to processing
these i..nq;>rovements, the amount as set forth herein at Page :2 (Part D) .
8. MAP CliECKlNG FEE
It is further agreed that the DEVEIDPER shall deposit with CITY, prior
to execution of this AGREEMENT, for office checking of final map and
field checking of street m::mume.nts, in ~liance with Section 4:1 of
Ordinance No. 47 (Revised 12/04/61) of CITY, the amount as set forth
herein at Page:2 (Part I) •
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9. DEVEtDB4ENT ~CE DEIDSTI
It is further agreed that the DEVEtDPER shall pay to the CITY, prior
to execution of this .l\GREEMENT, the amount set forth herein at Page :2
(Part E) as a development maintenance deposit to insure proper dust
control and cleaning during the construction period. 'lhe development
maintenance deposit may be utilized for repairs of defects and
imperfections arising out of or due to faulty workmanship and/or materials
appearing in said work during the period until release of the improvement
bonds by the CITY. Should the DEVEtDPER complete the required repairs to
the entire satisfaction of the CITY, the 1ll1USed balance will be retuJ:ned
aE"..er the release of the improvement bonds.
10. S'IDRM D!.<AINAGE FEE
It is further agreed that the DE\lEIJJPER shall deposit with the CITY,
prior to execution of this AGREEl<!ENT, a stonn drainage charge in
connection with said Project in accordance with the req..rirements
established in Besolution 4422, March 21, 1977, in the amount as set forth
herein at Page 2 (Part F) •
11. WATER MAIN EXTENSION DEIDSTI
The DEVEtDPER further agrees to deposit with the CITY those monies
required to comply with "Policy on water Main Extensions Work and
Deposits" dated 9/30/77. 'lhe deposit shall be held by the CITY until said \
m:mies ere needed to implement improvements outlined by the Director of'
Public Works or improvements outlined within the adopted Water Master
Plan.
The amount shown herein at Part K, Page :2, shall be the full amount
due.
12. ONE YEAR l:U'lER <XlST
It is further agreed that the DEVEtDPER shall pay to CITY prior to
execution of this AGREEMENI', the amunt as set forth herein at Page :2
(Part G), which amunt represents the power cost for street lights for ons
year.
13. 'IHE nlSTALIATION OF SlREEl' TREES
It is further agreed that the DE\lEIJJPER shall, at such ti1ne as deemed
appropriate by the City En:Jineer, plant street trees in confOrl1l3Ilce with
the standards of the city of CUpertino. Variety of tree shall be selected
from the City approved list.
14. PAFK FEES
It is further agreed that the DEVEIDPER shall pay such fees and/or
dedicate such larxi to the CITY, prior to execution, as is required within
"Park Dedication Ordinance" Number 602, 1972, and which is further
stipulated under Part J I Page 2 herein.
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!he value of the lard use:.i in es'"-.ablishing the "Park Fee" cutlir.e:i
herein on Page 2, Part J, requires fo:rmal =tfirmation. !he CITY
shall ernoloy a qualified l=al aP.;lraiser to provide a market value of the
larrl. n..e City will calcll1.ate t.'Je "Park FE@e" J:ased an the apprai.sal. '!he
r:evelcoer agrees to pay for aJ:rf deficie!1cy'within thirty: (30) days arrl the
city agrees to:r.-et\m:i ove.->-age withil'l thL-ty (30) days. l\dj1l.S'l::ne.'"l1:.s shall
be made prior to a=spt:::ance of t.f:le sub:tivision i:m:!?rovE!!l"el'!t.s.
15. MA..!....~.NCE OF ~1:{
It is :fl.lrt.'1.!ar ag:r.-eed t."l.at tJ:o.e DEV"'ELOPER s.1.all maintain t.'le Work urrt:il
all deficier.cies in the Work a:r.-e =rrecta:i to =nfo= to t.'1e Plans an:i t.'1e
city s-, .. .a!~'"tis ani SJ?eCifications for the War.<. !he DE'lFrOE"R scil, up::ln
wri~....a..1'1 r:ctica t..'1L"""OOf, i..:.'1itm!iiately re~ai~ or ra~lace, wit."lcut c...."""St or
obligation to ti::.e, city of CUpa...rtir.o, arrl to t.':e e.r:tire satisfac-...ion of
said CTI'Y 1 all C "'''ec'"...5 arrl :i:mperf ec-...i0l1S arising C4"t: of or d'.la to faulty
w'OI:knansl'lip 2r.d,Ior mate.-~als a~...r.g in said Work.
16 • SAI'lJ.:l:ARY D!S'I'!<ICT
It is tu="'".l:er ag!.ee:i t.'1.at the DEVFTOP-R s.1.all file with CIT.! , upon
e.,xec:.r---ion of t."1.is ;..G:E:EMENI', a lett~..,... fl._u ~.:..e O~~~C Sa.T'lita...ry Distric:.
S-...atir:g tJ:o.at t.':e DEV"'ELOP-R r.as aW"'re:l L'lto a scop3....rate JI.GaEEMENT with the
said Dis'---rict to irs'"...all sa.'1ita.."y se!He.-""S to sac"ve all 10"-...s wit.llln said
?!.oject ani steti.;;r t."l.at a J::ond to ir5Ura full ani faitJ:o .. ful perfo=r.ca of
the =rs-~-uc'-...ion of tJ:o.e said sanitary sewa.""S ani to insure ~.ance of
said sal'libry seIHer b =nfoI:mance wit.';. . .the provisions as set forth L"1
Paragrc.Fh 15 aJ::ove has i::een filed.
1,7. C..ov:ERNMENT rolJE
It is :t:urt:.'1.!ar ag:r.-eed t.f:lat DEVEIDI?£.."t sci! fn e with CIT.! , up::ln
exec-ltion of tillS JI~, SI.ll::;s'-....a:rrt:.ial evir'...e."1ce t."l.at all provisions of
Secdon 66493, Ar'""...icle 8, Chapt ...... 4 of t.'l.e C-cve.:.:: ,hE' i_ Code, per'"...ainir:q to
SJ?eCial assessme..TJ:l:s or J::onds, have been aEplied wit.'1.
18. CENIPAL FIRE Drs:rro:CT
It is furth= ag:r.-eed that tha DEVEI..OFER shall file with the c:r:Tl!', up::ln
exec.r..ion of t>ti.s J.~ I a letter f:l::= tha Ce.'1tral Fire P!.o! ectian
District of Santa Clara Ccunty, s'--.ating that tha llE'JELOP.I:.'" has entered
bto an J..GREEMENT with said District· to irs'"...all fire hvd..'<II'r"'.s to S2rVe
said Project ani s-...atin::; that all necessarj fees have beSn depcsite:i with
said DisLdct to insure ins'-...allaticn ani five (5) year re.'l'"..al fee of said
hydrants. ..
19. PACIFIC GAS AND EI.ECm!:Cjl?ACIFIC EELr.r
It is further agree:i ti'.at tha DEVEI..OP." R shall pay to Pacific Gas ani
Electric Ccmpany a."Xljor to PAc:IFIC EELL Ccmpany aJ:rf ani all fees req;..rixe:i
for inst:allaticn of overl-.ead and/or 1.l!"t:le..~ wir'..r:g ci=its to all
electrolie.-"'S wit.'lin said p...~ and any and' all fees require::l for'
unde.-~ as prcvi...ded in o:rdina:nce No. 331 of CIT.! ,,'ben DEVU!)!? ... ." is
notified by eit.'1.!ar ti'.e City Engineer or the Pacific C-as and Electric
Cc:r;:arry an:ljor PAc:IFIC EEILC=pany t.1oJat said fees a:r.-e due ani payable.
7
• " I" ." ,-t:" , ••••••• 'I ---." .".... ..
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20. EASEMENTS ANQ RIGHT-<JF-WAY
It is further agreed that any easement end right-of-way necesscu:y for
~letion of the Project shall be acquire:1 by the DEVEIDPER at his own
cost end expense. It is provided, hCMever, that in the event eminent
domain p=eedings are required by the CITY for the purpose of securing
said easement end right-of-way, that the DEVEIDPER shall deposit with CITY
a sum covering the reasonable :market value of the lend proposed to be
taken end to be included in said sum shall be a reasonable all~ce for
severance damages, if any. It is further provided that in addition
thereto, such swns as may be required for legal fees end costs,
engineering, end other incidental costs in such reasonable amounts as the
CITY nay require shall be deposited with the City of CUpertino.
21. HOm HARMIESS
It is further agreed that, corrnnencing with the perfomance of the Work
by the DEVEIDPER or his contractor end continuing until the ~letion of
the narntenance of the Work, the DEVEIDPER shall in:iernnify, hold harmless
end defend the CITY from end against any or all loss, cost, expense,
damage or liability, or claim thereof, occasioned by or in any way
whatsoever arising out of the perfomance or nonperfomance of the Work or
the negligence or willful misconduct of the DEVEIDPER or the DEVEIDPER I S
agents, employees end in:iepen:ient contractors.
22. llISORANCE
It is further agreed that: 'Ihe DEVEIDPER shall take out, or shall
require any contractor engaged to perfonn the Work to take out, end
naintain at all times during the perfomance end narntenance of the Work
called for or required to be done hereun:l.er, a policy of insurance naming
the CITY end members of the city council of the city of CUpertino,
individually end collectively, end the officers, agents end employees of
the city individually end collectively, as insured. Said separate policy
shall provide bodily injury end property damage coverage to the foregoing
named CITY end individuals covering all the Work perfonned by, for, or on
behalf of said DEVEIDPER. Both bodily injury end property damage insurance
1IIUSt be on an =ence basis; end said policy or policies shall provide
that the COIlerage afforded thereby shaD. be primary COIlerage to the full
limit of liability stated in the declarations, end if the city, its
members of the city Council individually end collectively, end the
officers, agents, and employees of the CITY, individually and
collectively, have other insurance against the loss covered by said policy
or policies, that other insurance shall be excess insurance only.
The insurance carrier shall provide proof of their ratings. All ratings
shall be a minimum of "Best A-7" in accordance with ABAG policies.
8
A. Each of said policies of insurance shall provide coverage in the
following nrinirnuni amounts: For bodily injury, $100, 000 each person;
$300,000 each occurrence, property damage, $50,000 on account of any
one =rrence with an aggregate limit of not less than $200,000.
B. The DEVEIDPER shall file with the City En;Jineer at or prior to
the time of execution of this AGREEMENT by the DEVEIDPER such evidence
of said foregoing policy or policies of insurance es shall be
satisfactory to said City En;Jineer. Each such policy or policies shall
bear an endorsement precludi.n; the cancellation or reduction in
coverage without giving the City En;Jineer at least ten (10) days
advance notice thereof.
C. In the event that the Project covered herein should be :mutually
situated in or affect the area of jurisdiction of a separate
municipality or political subdivision of the state of California, the
policies of insurance required herein and above shall co-name such
municipality or political subdivision and the provision set forth
herein and above for the protection of the CITY shall equally apply to
municipality and political subdivision.
23. MAPS AND/OR l:Ml"roVEMENT PLANS
It is further agreed that the CITY shall obtain the following map
an::l/or plans at the DEVEIDPER'S expense:
A. A mylar sepia and seven (7) prints of fully executed parcel map.
B. A mylar sepia and ten (10) prints of fully executed improvement
plans.
C. A direct duplicating silver negative microfilm aperature card of
all executed bnprovement plans and map.
The DEVEIDPER agrees to pay the CITY from the development maintenance
deposit the' cost for all prints of plans and map required un:l.er Item 23.
24. SUCCESSORS
This AGREEMENT shall bind the heirs, administrators, executors,
successor, assignee and transferrees of the DEVEIDPER. The assignment of
this 1IGREEMENl' shall not be made withoUt approval by the City Council of
the City of 0Jpertin0.
9
(Partnership)
f
On
before me. the under igned, II Notary Public in and for said State, personally appeared _________ _
;------~Cl~8f~A~~~~~l~-~~~~~@~tr~-------
... -;;;;-(j----1 known to me ~ to be Q~ of the partners of the partnership
~ that executed the within instrument, and acknGw]edged to me
'C/l that streh partnership executed the same.
~ WITNESS m ,eal.
.' I
OFFICIAL SEAL JENNIFER A KING
3~~;!~'J?JNOTARV PUBLIC-CALIFORNIA SANTA CLARA COUNTY • EXP. OCT. 19.1990
•
m WITNESS 'W:!:lERIroF I CI'IY has caused its name to be hereunto affixed by
its Mayor and city Clerk, thereunto duly authorized by resolution of the
City Council and said DEVELOPER has hereunto caused his name to be affixed
the clay and year first aI:xlve written.
CI'IY OF aJPER1'INO:
Approved as to form:
~ Attorney
DEVEI.OPER: JBK VENTURE
effery L. Watt, Partner
Notary Acknowledgment :Required
10
(Rev. 5/9/86)
,
.'
:~Stivers Insurance Service ~ Inc.
P.O. Box 954
Campbell, CA 95009
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS
t-IO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE ODES NOT AMEND,
EXTEND OR ALTER THE COIlEAAGE AFFORCED BY THE POUCles BELOW.
COMPANY A
lETTEFl
COMPANIES AFFORDING COVERAGE
-iNiruRffi------------------j COMPANY B ~,~Fl United Pacific Insurance Company ~------------------------~~.~-------Ainsley Financial Inc,
P.O. Box 7583
San Jose, CA
AlIV AUTO
AlL OWNED AUTOS
SCHEQULED AUTOS
HIRWAUTOS
NOIHlWNEO AUTOS
GAAAGE llABIUTY
="'~ .. ~ LlAmUTY
AND
95150
EMPLOYERS' UABIUTV
POLICY NUMBER
BFO 88 50093575
weo 303431 00
COMPANY C LEITER
COMPANY D lETTER
1/18/87
11/18/87
OPERATIONSILOCATIONSIVEHICLESIRESTRICTIONSISPEClAll
or.~cers, agents & employees of the city, both
11/18/88
11/18/88
shall be Primary coverage to the full limit of liability
memt,el~S of the City council, and the officers agents, &
ALL LIMITS IN THOUSANDS
City of Cupertino
10300 Torre Avenue
Cupertino, CA 95014
PIRATION DATE THEREOF. THE ISSUING COMPANY WILL ENDEAVOR TO
MAn:rEN DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE
LEFT. BUT FAILURE TO MAIL SUCH NonCE SHALL IMPOSE NO OBLIGATION OR
OF THE
S RA:rINGS
t's Ratings, See the Prelace.
.. Superior
. Excellent
Very Good
.... Good
airly Good
..... Fair
lifiers
ad Rating p. Pooled Rating
ing 9 -Group Rating
Rating
I" Classifications
) Reinsured by Unrated Reinsurer
, Below Minimum Standards
I Incomplete Financial Information
I Company Request
o Under State Supervision
:ATEGORY
ds)
:::yholders' surplus plus conditional
full explanation.
VIII 100,000 to 250,000
IX 250,000 to 500,000
X 500,000 to 750,000
XI 750,000 10 1,000,000
XII 1,000,000 10 1,250,000
XIII 1,250,000 to 1,500,000
XIV 1,500,000 10 2,000,000
XV 2,000,000 or more
information
your choice ...
e Rating
vice
BEST'S
KEY RATING
GUIDE
PROPERTY -CASUALTY
1987
81st ANNUAL EDITION
A.M. BEST COMPANY
<feES,"> OLDWICK, NEW JERSEY 08858
(201) 439·2200 • TELEX: 837744
......
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UNITED NATIONAL INSURANCE CO 2,237 2,186 •. 2 14.6 1 .• 999.9 At ,
1982 18,216 ISS •. 1 23 999.9 3S.3 A ,
HmIiIzrl bsurm'a Group 1983 21.313 •• 2,603 2,468 2.1 12.9 2~ 999.9 22.9 8t , P.O.8oJ: 2255 1984 25,762 17. 2.568 ·2.554 •. , 3.' 999.9 8.5 8 ,
Ibdtdu. HI 96804 1985 27.687 153 2~54 2.829 ••• 10.7 21.0 999.9 21.5 st. 1965:StDck:~ 1986 22,751 ". 3.030 2,982 5.1 5.'
~=""~ ............... """'" T ... Ad"" '" __ •••••••••••••••••••• 1~ .5 5.8 116.3 30.1 V
1986 808~~36.2777 00931 3.3 3.8 ,.U 37.0 At 5,531 103.5 ••• I4.a 1., UNITED OHIO INSURANCE CO 1982 11,356 10,362 ." 14,087 92.7 IIA 23~ 1.8 :u 3.7 165.0 33.0 At
P.O. Box III 1983 13,219 11,631 1,277 16.511 6,610 7.2 l2.8 2 .• 3.5 '.1 125.1 35.3 At
8ucynJ!, OH 44820 1984 16,340 13.989 ,11 IS,lM 1.119 91.7 5.1 5.7 110.0 21.6 At
1961: Stock: AfI!tg 1985 20.684 18,066 .. 33 23,685 6.862 113.0 .... .... 2 .• 73 106.6 31.1 A
29.803 1;1.11 106.8 -3.7 -10.1 33 ••• .......". ~"""""'. ""'"'" 198. 28,162 24,021 ....
IklnaId C. Sinal. President Be:srs lewer!Be & ~ Tesb Ad~ b' Rzsti1g AraysI$ •••••••••••••••••••• 2.4 ••• 5.1 120.6 oU9.562.3011 03349 1986
189,441 47.530 109.0 7 .• 19.2 1.8 '.7 •. 8 101.4
1982 396,313 84,222 6.092 215.056 45,024 114.3 •. 8 -5 .• 2n 5.7 8.2 98.9
1983 413,270 89,560 6,032 117.2 2.2 313 2 .• 5.' 8.1 915
1984 448,918 96,355 2,122 201l~n . 47.610 U8.8 oz. 13.5 1.8 '.5 5 .• 101.2
1985 402,320 105,890 -2.598 210,579 51,838 120.6 .... -27.8 1.5 3.8 '.1 .8.2
1986 424.711 121,418 -5,019 271.162 83.296
1986 Be:srs leI'erage & l.kPcfitJ Tests Ad;med b' Rati1g An8ysIs • : •••••••••••••••••• 2.7 M 7 •• 118.9
UNItED PActfJC INS OF NY (Ny) 8,249 111.9 U 185 1 .• .. , 5 .• 125.4 10.4 At.
ReIi<nce ktsuJalce Cexnp<ries 1982 9,463 12,991 1.112 36,131 10,291 81.1 21.6 38.0 1.5 '.5 ••• 125.7 29.4 At'
1983 11,346 15,625 3,102 42,111 ,., 134.1 38.1 At' 4 Pem Center Plaza 41.216 11A65 113.4 8.2 20.9 13 '.8
Philadelphia, PA 19103 1984 11.920 14,492 1,239 9,868 128.2 ".2 8 .• ~I 5.' 73 133.8 15.3 A ,
1985 12,854 20,680 -1,163 44.271 .. , • .2 1255 ••• A ,
1918'S"""'~ 1986 13,911 21.211 .;..2,843 58,391 13,981 126.0 -11.1 -25.0 I.'
Aulol..iab, AutoPhyS, MP ................ U_ T ... Ad""" "'_ .... "" •••••••••••••••••••• 1'.5 '.8 ••• 136.3 1., ~ David C. Woodward. PresIdent 1986 215.864-4000 03198
1986 1,465 '35 26,032 24,715 113,4 5M 0.1. •. 1 •• 1 .... , 10.0 NA·'
00545 1986 Elest's FIIIIItiaI Size CB!egory. • •.• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • V
UNItED SECURITY INS CO (NJ) 1982 35,081 26,209 554 31.125 11,502 106.8 2.3 10.3 2.3 '.5 '.5 126.1 22.1 USOCO Corponrtlon Group A ,
1011 Walnut Street 1983 31,685 29,182 .. " 40,585 11.284 110.5 -3.2 •. 2 z. 5.2 5.' 112.1 20.6 • ,
Des M:iles.1A 50307 "84 . 36,441 28,012 -1,161 41.826 9.080 111.9 -5.' -15.6 3.1 •. 7 7.2 101.1 30.3 C ,
1946: Sttd!.: AfriMp 1985 . 37.193 30,908 -1.836 40.105 8.201 114.4 -<; •• -5.1 3.' 7.7 11.6 95.9 19.3 NA·5
AUIoUab._ 1986 29,339 28,212 2.438 31,244 1.,591 103.2 7.8 29.' Z7 5.2 5.7 119.1 7.' B
Ernest L Hood, Presi6ent 1986 Besrs Lnerag! & I.IqJidity Tests AdjuSted fOr Rzsti1g AnrII)'Sis •••••••••••••••••••• 515·245·4141 00932 2.2 4.1 ••• UO.O ..5 V
UNITED SERVICES AUTO ASSN 975,558 USAA Group 1982 985,076 110,301 1,948,101 891,246 100.2 11.1 24.5 1.1 2.3 2.3 -139.4 25 .• At USAA Buildm 1983 1,103,052 1,115,439 183.899 2,348,948 1,170,508 95.5 17.1 30.5 I .• M 2 .• 146.0 22.9 At
Sat Anttrlio, TX 73288 1984 1,161,863 1,181,049 154,432 2.625,251 1,327,451 101.9 13.2 13.4 .. , I.' I.' 139.1 15.1 At 1922 : Reap. : Direct 1985 1.311.159 1,326,714 54,985 t~f~gg 1,487,406 111.8 '.1 IZ. .. , I.' I.' 131.9 10.8 At •
AutoUab, AIStoPtIys, tbneMP 1986 1.610.210 1,633,314 106,684 1,105.811 104.1 7 .• 14.8 I .• Z. 2.1 119.1 ••• At.
Robert F. Mc:Denoott. PresIdent 1986 Best'll.eftnIge & I.iqJIdity Tesb M~ b' Rlmg AnrIIrsis •••••••••••••••••••• 512-498·2211 ... 34 1.3. 2 .• 2 .• 140.1 7.2 '1N
UNITED SOUTHERN ASSURANCE CO P.O. Box 2648 Melboume, Fl32902·2648 1958'S"""'A~ 1985 18,905 10,800 ~,665 7,929 3,615 208.0 -24.6 , .. '.2 ..8 61.0 NA·3 A~"""A' 1986 1.891 1,113 31. 9,924 1,170 95.1 8 .• .. , ..2 ••• ..8 231.3 .. , NA·' ---305·984·2941 01914 1986 ............ sa. ""'"'" • • • • • • • • • • • • • • , • • • • • • • • • • • • • • • • • • • : N
UNlT£D STATES FlO & GUAR CO 39.2 United States rJdelily & Guarmly Group 1982 1,505,458 1,965,400 109.491 4,390.653 1,117,283 112A 5 .• 15.4 1.8 4.1 5 .• 113.0 At
P.O.Emx 1138 1983 1,415.601 1,971,414 35,184 4,216,503 718,423 116.1 1.8 -10.6 2.5 7 .• 7.5 102.0 28.D At &itinore, MO 21203 1984 1,668,884 2,287,161 -140.368 .4,582,184 652,590 123.1 .... .... 3.5 '.5 10.6 95.9 68.9 At 1896 : Stock: Agency 1985 2,210.961 2,955,934 -225,573 5,765,088 913,278 123.2 ".3 -13.0 3.2 8.5 ,., 94;1 55.1 A
A ........ OIhUob. W"~l:t/-1986 2,121,411 3,562,035 113.663 1,025,483 1,239,905 109.1 3~ 15.1 Z9 75 8 .• ,,~ .35 A Paul J. Scheel. . t 1986 8est'llewer!Be & ~ Tests Ad;med b' Rlmg W)'SiI ••••••••••••••••• ' ••• 301·541·3000 02539 2.3 5 .• ••• 101.5 30.0 "
lURITORY. SEE SECtION IN REAR OF ~x
33i
.-'-:.!.
Not Totar Polley. NO! R""'m NPW In'ft;st·
0fr:a11ng Admitrod ""'-to 00 to "" G_ CUrrent .......
V.,.. 0"""" ...... Surptu$ NPE PHS PHS Lema •• l'ev-erage liquidny .........
t982 278,913 286,434 11.390 880,636 426.184 109.2 '.1 22.9 0.1 1.1 ... 106.3
198) 210,173 280,241 11,645 819,094 426,315 lO~.u '.1 ... 0.1 1.1 ... 91.8
1984 253,871 448,118 -29,317 8.74,185 341,16t 1l0'9 .... 9 -10,7 1.3 2.9 3.0 77.6
1985 354,305 511,281 -2,869 1,019,601 380,644 )09.2 ..... .0.1 I.l ~O 3.2 72.7
1986 464.096 611,778 2),661 1,236,096 452,495 104.3-'.1 21fJ IA. U 3.2 15.8
02378 1986 6e$l's l.ewefaBe & ~idity Test! M;'''Sted kif ~ ANf}'$4 •••••••••• ~ •••• ~ •••• 2.0 '.1 .~ 132.1
0+110 FARMERS INSURANCE CO 198' 64,319 113,223 -3,561 256,894 124.9StI 107.5 -3.1 72 ... 2.0 2.0 99.6 16.2 A. p
W.,tfWld Co!'\'IP/flie:l. 198' 67,392 130,425 .01 292,020 140.489 102.7 0.1 11.0 0.. 2.0 2.0 97.7 H,7 A+ • WntflleidCe:tlet, OH 44251 198' 16,249 151.507 -8,936 305,027 124,923-110.6 .... 3 -11.4 12 2.1 2.1 87,9 10.0 AHP 1648 ;SItX;\; Agenc;y I'" 83,591 167.3S7 -9,963 359,798 156.211 111.8 ... 2 25.1 U 2.' 'A .... ••• A+ • A~loUab, AU'IOPh)'S, ».:.meMP, OthL!oo ... , 98,338 190,921 '" 443.601 195.353 .~. ... 25,0 • .0 2.2 2.3 90.1 5.9 A+ ,
OilIe W. Smt:CU:r, CM.ttrm /ltd CE.O
21&881·0101 02'381 1986 Ilest's~e&UlJlidityTests~klrRating~ •••••• ~ •••••••• ~ •• ~. 1.4 2.7 2.8 140,7 ••• ~.
lH£ 01110 GEliE~AlII!S CO (0"' 800 East 101 Terrace. Ste. 250 _ Ci!r. "" 64131
1912; Sl\:.ltk: Agency 19 .. 4.943 0 -78 6,69' '.0Il:! nu -1.9 M O~ 0.7 8.1 192.6 NA·3 fre'=dcr:;;: tl<tld
81£.941-3413 01916 I ... 9at's FinaIdaI Stm: category •••••••••• ~ ~ •••• ~ •• ~ ••••••••••••••• " OKlO HOSPiTAl.. tHSWlAHCf CO 1982 13.7~ 1.713 '9Q 27.3$4 5,012 122,2 7.1 7.1 I.' 6.0 1.' 104.0 NA·3
2J West 6roa.i Stree1 1981 15,518 8.373 .2 29.093 5,036 J34.9 0.8 32 '.7 6.2 ••• 105.0 2.1 NA·3 CUlJrnbu1, OW 43215 .... Itl,365 5.894 -20. 30.224 5,308 154Jj .... 0 1.' '.1 5.1l 10.7 90.7 ,2 NA-3
1918 ,""", AJi!'<J 1985 3tl,790 19,598 -BO' 39,480 4.892 121,8 .... 1 ..... '.0 11.1 19.5 73.7 8.0 NA·3
'MedM!i. Otb1..lab 1986 58,502 7.332 -4.915 46,765 4,085 Ul.2 -~. -9&, 1.8 l2,2 36.1 68.9 8.' .... 3
RiclI.twIf P. Foeo. Pm.it;1ent
614w221·1771 0371a 1986 ge$t's f~ Size ~ .............................. 0 ••• 0 • In
O!IIO SEC\I1!ITY IHSIJW!CE CO 1982 5,491 ''''' 1,093 16,195 11,746 909 10.2 10.0 0.5 0.8 0.8 356.2 32.. At "'" """'~ ""'" 1983 '.252 5,100 931 16,422 12,202 101,7 7.9 3.9 0.' 0.' 0.8 374li 28' A+ 136 North Tl!itd Sttttt 1984' 5,611 10,997 '11 23,320 12,208 10'" 3.' 0.9 1.8 1.8 199.0 43.5 A+cp fiM'ii!Iro.OH 4502S I"""""~ 1985 9,317 10,878 1,204 21,046 13,618 109.2 .. , 12.0 0.8 1.8 U 191.5 1.' A+ •
1986 15.831 13.011 1,668 31,467 J4,745 104.3 1202 7.9 0.9 2.0 2.0 118.4 5.8 A+ • 513-S6~~~ 02379 '98' &!st'l~& ~ TestsMpsted b'Rl:I!itIg ANtysi5 •• ~ •••• ~ • "".' •• ' •••••• ~O ••• 42 132..1 19' ~
• ott/IOaTATtGaAHGtIllUTUM.OtS 1~S2 4.s6~ J,1~4 -21' _,201 USS II.., .... 7 -10.9 I.' 32 ... 146,9 ... • p.o. &>l: 1130 Newark. OH 43055<1130 19S3 4,632 3,203 330 _,7!&. 2,074 93,a 10.4 .03 U '.1 ... 166,9 1.4 • 1933:M.rtuaI:AgtrcJ lSS4 4,897 3,358 327 5.142 2,424-96,3 10.0 IUl I.' 2.' U 175.8 8.1 • F~~:n.~MP 1985 5,768 3,861 96 ~'20 2,571 103.6 2.' 4.! 1.5 2.6 3. 1663 33 A
I'" 1.034 4,552 131 6,291 2.776 103,3 3.3 7.' I •• ••• ... 159,6 '.6 • oI4·522.a191 04111 1986 Ws lerwerage &: Uquidlty Tests Ad"JUSled fbi' Ratio'll ~s ............... 0 •••••• 3.4 3.7 1.3 2.' 189,9 •
OfL I; GAS INSURANCE COMPAHY 1982 7.175 178 -81 5,116 3.,689 165.7 -., -1.3 02 ... '.0 297.1 "-4 p.o.9:lt 1839 Co1~OH43216 1983 4,102 118 -165 5.251 3,499 202..2 .... 5 -5.1 02 0.' U 241~ lOA "-4
1979: St.od;: ~enq 1984 1~:~g: I,OS9 -3" 5.463 3,182 171.2 ..... -9.1 0.' 1.0 ... 173.l • Othl.l.eb, InIMd. Autot ,AutlPttys 1985 2,249 ." 7.28& 3,.617 932 t1.1 13.7 0.' 1.6 9 .• ,1.3 3.1 NA·4
~rl C. Lt4. Pres.ldtnl J986 24,020 4.145 -365 10,205 lAOI ..... -10,1 ..... U 32 15.6 812 I.' ,,-4
61408'6·7220 02\., 1986 Best's rrl'W\C:ial Silu category" ••••••• " ".' ..•• ,0 ................ ~ •••••• " OKLAHOMA FARM BUREAU MUTUAl.. 1982 Oklahoma FI!tm ~ GI'OUp 52,042 47.348 -2.680 48,294 11.034 112.1 .... , -1t.2 2.8 '.6 5.0 128.4 41.2 8+ :2501 ttwth Sti!e$ Stroot 1983 55.869 47.810 -2.923 51,363 15,124 111.1 ~ -11.2 32 5.5 ••• 114.7 475 ,
ClkJ ..... ~:f;..OK7310' 1984 56,103 43,,915 -4.041 46.580 11,549 114.3 ..... -21.6 3.8 62 , .. 108.9 .ao ...... ' 1946: MIl : Direct 1985 58,238 53.901 -4,661 48,261 9,273 lIU -9.6 -19.6 8.8 10.0 11.3 98.6 60.9 "., AukJPhys. AutoIJ.ob. f/W'ft'IIJ.P. tb'neMP 1986 58,966 42.210 2.28. 49.122 13.21a 164.04 •. , 431 32 8.' ., 108.6 4S.5 "., ""'L ....... _
1986 Sert'.:. fNldal Site category ......................... ". ~ ••••••••• 405·523·2300 00132 V
OKLAHOMA SURETY COIitPAttf ~ finMdai iM'Jm:'lCftGI'OII9 1982 5,835 .... ,. .... 5,721 2.701 112.3 -1,1 0.1 U 2,9 ,., 154.4 12.1 A P.O. Sot 1409 '983 3,884 3,454 418 6,182 3,173 93.9 112 17.5 1.1 2.0 ~. 174.4 10,3 A lutsa. OK 74101 1984 4,393 4,29l 3'9 1,<)82 3.498 98,0 as 102 1.2 2.3 2.3 168,6 JU • 1"8'!"'~~ 1985 4,564 4.441 618 8,390 4,125 90.1 14.2 17.9 1.1 U 2.2 169.7 ,., A+
f'l,uto!.iab, -" 1986 5.985 5.810 84' 9,831 4,842 92A 10.0 11.4 U 2.2 23 168.7 '.0 M Wi'.m: F. i~~t&COO 1986 8est'$ ~ &; ll~ Te!B AdjusWl for P..!fi1& W)1ls. " • • • • -. • • • • • • • ~ • • • • • 918·537-7221 04038 1.1 I.' I.' 190,2 ••• m
OLD CHARLESTON INSURANCE co 1982 4,249 l.916 •• 2.6S6 789 104..5 0.' U 2.8 '.9 9.6 92,3 18,3 A P,O,b 1266 Chllrintl:x\ SC 29402 19., 4,254 1,979 91 2.127 90. 992 •. , I~I 2.2 •. , 8.' 104.6 20 .• A
1963: Sb;lt: Agerq I ... 4,384 2.051 -321 3.620 1.040 120.1 -15,9 -34.5 2.0 .. SA 51.1 13,3 8 -.... 1985 5,472: '.519 -385 3.440 1,409 119.4 -17.2 ... 0.6 1.8 3.2 '.7 114.2 2.7 c+
E ........ """,.,,_ 1986 6,948 3,173 ..... .. "" 3.337 121.1 -20,8 -35.3 1.0 ~O • .0 1'1.8 1M c+
803~12J.i391" 03171 1986 8e$t'$~&U~T~uAd~b'Ratil8An;;'ys/$··· .. •• ~ ••••• ~ ••••••• 1.1 2.3 os 141.1 13.6 "
'T'EQITORY, m stCtlDN IN REAR OF BOOK
243
STATBOF California )
)ss:
Count,)' of santa Clara )
On this 15 M')!of JuZ" 19 S9 • before me
Joanne M. Mauseth • a Notary Public,
personally appeared Chri.stie P iert personally k!!qwn to me (or proved to me on the
basis .of satisfactory evidence) to be the Attorney-in-Fact of the INSURllNCE COMPlINY OF THE
WEST·':" """;" and acknowledged to me that he subscribed the name of the INSURllNCE COMPANY OF THE
WE5'I'---thereto and his own name as Attorney-in-}]
Santa Clara. Stateo!, California
30272 3-85
,-
• (Partnership)
,
t
STATE OF CALIFORNIA } ~~U~:rtf~fWr~ ss. t before me, Ihe unders;gned, a NOlary Public ;n and for sa;d 5,. Ie. per .. n.lIy appelll'ed, _________ _
,~ c.wqerr 1.1.1 IX lIJ :r _____ ~=--------------------------------known tome ~ Lo he of the partners of tllC partnership II. ~ thai executed the within instrument, and acknowledged to me
,n thal .such partnership executed the some.
WITNESS my hand and.
•
J£NgWfAALAsEAL . KING NOTARV' PUOUc-c.wFORNIA
SANTA CLARA COUNTY ~ H OtfoJ. EXP. OCT. 19. 1 !ago
'. ) BOND EXECUTED IN DUPLICATE Bond No. 04 51 47
ANNUAL PREMIUM $1,198.00
FAITHFUL PERFORMANCE AND COMPLETION IMPROVEMENT BOND
(Subdivision Improvements)
KNOW ALL MEN BY THESE PRESENTS:
THAT WE, ______ ~J~B~K~~~e_n~t~u_r~e~II~,_A __ p~a_r_t_n_e_r_s_h_~~'p~ __________________________________ _
as Principal and __ ~I~n~s~u=r~a=n~c~e~C~o~m~p~a~n~y~o=f~th~e_W~e=s~t __________________________________ ___
as Surety are held and firmly bound unto the City of Cupertino, State of California, in
the sum of Forty-seven thousand nine hundred thirty-two -----------------
----------------------------------------------Dollars (~7,932.00 **** )
lawful money of the United States, for the payment of which will and truly to be made,
we bind ourselves. our heirs, executors, successors, and assigns, jointly and severally,
firmly by these presents, -
THE CONDITION of the foregoing obligation is such that,
WHEREAS, said Principal will perform all necessary improvements relative to ______ _
Manita Court
locsted Cupertino, CA
in accordance with the approved improvement plans prepared by __________ ~~~~~------
Civil Engineering Associates, Civil Engineer
on file in the Engineer's Office, City of Cupertino, and incorporated herein by reference.
, , • WHEREAS, improvements shall be completed within one (1) year from the date of
-,
-;
"
acceptance of this bond by the City Council.
WHEREAS, improvements shall be maintained for a period of at least one (1) year
after acceptance of construction by the City, This bond shall be in full force and
effect through the period of maintenance as provided in said contract. The maintenance
period shall continue until such time that all deficiencies of construction are corrected
to the satisfaction of the City Engineer's Office.
WHEREAS, PrinCipal and Surety shall be responsible for any and all damages ariSing
under the original contract,
NOW,· THEREFORE, if the said Principal shall well and truly do and perform all the
covenants and obligations as set forth above, on its part to be done and performed at
the time and in the manner specified therein, then this obligation shall be null and
void; otherwise th.is bond shall remain in full force and effect.
IN WITNESS WHEREOF, this instrument has been duly ex~e~~~-byy~nee~~~ipal and
Surety this 15 day of July J~~,~l~~~;;~irt;;;;;rshj,~~--
(TO be signed by
Principal and Surety.
Notary Acknowledgments
required.)
By:
al
Insurance Company of the west
Surety
Attorney-in-Fact Christie Piert
The above bond is accepted and approved this ________ ~day of
19
6/11/85
-.
"
.'~' .. ~r:." " :'J:
l!OND EXECUTED IN DUPLICATE
Bond NO.-04"-$1 4t:i'/,>
Premium: Incl. in Pei:f. 'Bond
LAl!OR AND MATERIAL BOND
, KNOW ALL MEN BY :rHESE PRESENT:
lolHEREAS. the City of Cupertino, State of ca11:fornia, and
JBK V~nture II, A Partnership
hereinafter designated as "Principal" have entered into or are about to enter
into a contract providing for the installation, construction, and erection by
Principal of certain improvements more particularly described in said contract;
and incorporated herein by reference.
WHEREAS, said Principal is required to furnish a bond in connection with
said contract, providing that if said Principal, or any of his or its sub-
contractors, shall fail to pay for any materials, provisions, provender or
other supplies or teams used in, upon, for or about the performance of the work
contracted to be done, or for any work or labor done thereon, of any kind, the
Surety on said bond shall pay the same to the extent hereinafter aet forth;
NOW, THEREFORE, we, the Principal. and ______________ _
Insqrance Company of the west
as Surety. firmly bind ourselves. our executors. administrators. successors
and assigns, jointly and severally,unto the City of Cupertino, and any and
all materialmen, persons, comp~ies, or corporations furnishing materials,
provisio~s, provender or other supplies used in, upon, for ,or abut the perfor-
mance of the aforesaid work contracted to be executed or performed under the
contract hereinabove mentioned. and incorporated herein by reference. and all
persons, companies or corporations lending or hiring teams. implements or
machinery. for or cOntributing to seid work to be done. and all persons who
perform work or labor upon the ,same, and all persons who supply both work and
materials. whose claim has not been paid by Principal or by any other person.
in the just and full sum of Forty-seven thousand nine hundred thirty-two
dollars -----------------------------------------------------------
------~-------------------------------------------------------------------($ 47 ,932.00 ******** ) .
THE CONDITION OF THIS OBLIGATION ISSUCR THAT if said Principal, his or
its subcontractors, heirs. executors, administrators, successors or assigns.
shall fail to pay for any materials, provisions, provender or other supplies
or teams used in, upon, for or about the perfOrmance of the work contracted to
be done. or for any work or labor thereon of any kind, or for amounts due under
the Unemployment Insurance Act with respect to such work or labor, or any and
all damages arising ,under the original contract, then said Surety will pay the
same and also will pay in case suit is brought upon this bond, such reasonable
attorney's fee as shall, be fixed by the court. '
this bond shall inure to the benefit of any and al,l persons, companies.
and corporations entitled to file claims under Section 1184.1 of the Code of
Civil Procedure. so as to give a right of action to them or their assigns in
any suit brought upon this bond.
•
•
j.
STATEOP Ca1ifoxn~,-" ,, _____ )
) 88:
County of __ S="n=t,,=-C=,l:;;.":;;x:;;,,::.... __ )
15 July 88 On this __ -,-_______ ---4d,ay of ___ -_________ -'19 __ , before me
________ ;:.J;:.o"'an::;n="'..;M::..:..-..;M;;:.a;;:.u;;:.s:;;"'::ct;;;h= ________________ , a Notary Public,
personally appeared Christie Piert personally kTJ.Qwn to me (or proved to me on the
basis of satisfactory evidence) to be the Attorney-in-Pact of the INSURANCE COl4PANY OF THE
.NEST._ '; and acknowledged to me that he subscribed the name of the INSURANCE COMPANY OF THE
WEST_.. thereto and his own name as Attarney-in-Pac .
30272
JOANNE MAUSETH
NOTARYPUI3Ll(~C~LII~~INIJ'~
PilINCIPAL OFFICE IN
SANTA CLARA COUNty
Commission Explrro 17. 1991
Santa Clara , State of California
}':
(Partnership)
t ~O ~~~ ________ _
_ ndersigned. a Notary Public in and for said State. personally appeared ________ _
CJW6fiy L. Wl..{ Fn+ LLI D:: LLI ::r: _______________ L-_______________ --------________________________ known to me
~ to be'----__ --->CA ....... l...,& ______ of the partners of the partnership
< ·ti
!
I
that executed the within instrument, and acknowledged to me
that such partnership executed the same.
fficial seal.
---' .
•
OFFtCIAL SEAL JENNIFER A KING
•• NOTAAV PUBLIC-CALIFORNIA
SANTA CLARA COUNTY
M OHM. EXP. OCT. 19,1990
I
'.'
)
"
~I
"
Labor and Material Bond 'Page 2
And the said Surety, for value received. hereby stipulates. and agrees
that no change. extension of time, alteration or addition to the terms of the
contract or to the work to be performed thereunder or the specifications'
accompanying the same shall in any wise affect its obligations on this bond,
and it does hereby waive notice of any such change, extension of time, alter-
ation or addition to the terms of the contract or to the work or to the speci-
fications.
IN WITNESS WHEREOF, this instrument has been duly executed by the
Principal and Surety this 15 day of July , 19,,.,,8,,,,8,--_
(To be signed by Principal
and Surety. Notary
acknowledgments required.)
-'-~--'--
Principal
Insurance Company or the west
Surety
BY:~M.Ai:
Attorney-in-Fact
Christie Piert
The above bond is accepted and approved this ____ ~~day of
_______________ , 19 __ •
6/17/85
•
INSURANCE COMPANY OF THE WEST
HOME OFFICE: SAN DIEGO, CALIFORNIA
Certified Copy of
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That INSURANCE COMPANY OF THE WEST, a Corporation duly authorized and existing under the laws of the State of California and having its prinCipal
office in the City of San Diego, California, does hereby nominate, constitute and appoint:
CHRISTIE PlERT JOANNE M. MAUSETH CHARLES GRISWOLD
its true and lawful Attorney(s)-in-Fact, with full power and authority hereby. conferred in
its name, place and stead, to execute, seal, acknowledge and deliver any and :011 bonds,
undertakings, recognizances or ather written obl igations in the nature thereof. ,. ;.
This Power of Attorney is granted and is signed and sealed by facsimile under and"il:v the
authority of the following Resolution adopted by the Boord of Directors of INSURANCE
COMPANY OF THE WEST at a meeting duly called and held on the Sixth day of February,:. 1973,
which said Resolution has not been amended or rescinded and of which the ;following is a
true, full, and complete copy: .... , i
"RESOLVED: That the President or Secretary may from time to time appoint Atto'r'neys-in-
Fact to represent and act for and on behalf of the Company, and either the Pres1tlent. or
Secretary, the Board of Directors or Executive Committee moy at any time remove· such
Attorneys-in-Fact and revoke the Power of Attorney given him or her; and be it furthe~
RESOLVED, That the Attorney-in-Foct may 't:i~ .. given full power to execute for and in the
name of and on behalf of the Company any and~ll bonds and undertakings as the business of
the Company may require, and any such bonds' or undertakings executed by any such Atiorney-
in-Fact sholl be as binding upon the Company as 'if signed by the President and sealed and
attested by the Secretary."
IN WITNESS WHEREOF, INSURANCE COMPANY OF THE WEST has caused its official seal to 'be here-
unto affixed and these presents to be signed by its duly authorized off~cers this
13TH DAY OF JUNE 1988.
STATE OF CALIFORNIA $; COUNTY OF SAN DIEGO
INSURANCE COMPANY OF THE WEST
On this 13TH DAY OF JUNE 1988 before the subscriber, a Notary Public of the State
of California, in and for the County of san Diego, duly commissioned and qualified, came
BERNARD M. FELDMAN, President of INSURANCE COMPANY OF THE WEST, to me personally known to
be the individual and officer described::insand who executed the preceding instrument, and
he acknowledged the execution of the same; and being by me duly sworn, deposeth and saith,
that he is the said officer of the Corporation aforesaid, and that the seal offixed to the
preceding instrument is the Corporate Seal of the said Corporation. and that the said
Corporate Seal and his signature as such officer were duly affixed and subscribed to the
said instrument by the authority and direction of the said Corporation.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Official Seal, at the City
of San Diego. the day and year first above written.
OFFICIAL SEAt
NORMA PORTER
UOTAHv PUBLIC' CAUfORNIA
PrtlNCIPAl OFFICE IN
SAt. QIEGO COUNTY
M.,. C<!mm15$1OO E.p JatlUlH')' 8. 19Q1
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO $;
I. the undersigned, JAMES W. AUSTIN. III, Secretary of INSURANCE COMPANY OF THE WEST, do
hereby certify that the originol POWER OF ATTORNEY, of whiCh the foregoing is a full, true
and correct copy, is in full force and effect, and has not been revoked.
IN WITNESS WHEREOF, I have hereunto subscribed my namel as Secretary. and affixed the
Corporate Seal of' the Corporation, this 15 doy of Ju Y 19 88
ICW CAL 37(REV. 5/87)