When recorded return to: Clerk Pinal County Board of Supervisors P.O. Box 827 Florence AZ 85132
RESOLUTION NO. _______________ RESOLUTION OF THE PINAL COUNTY BOARD OF SUPERVISORS RELEASING BOND NO. 6527772 ASSOCIATED WITH RED ROCK VILLAGE II, UNIT 1, INCLUDING A PORTION OF RED ROCK ROAD FROM SASCO ROAD TO TREASURE ROAD, LOCATED IN SECTIONS 5, 8, 9, TOWNSHIP 10 SOUTH, RANGE 10 EAST, WITHIN SUPERVOSORY DISTRICT 4 AND ACCEPTING THE STREETS INTO THE PINAL COUNTY HIGHWAY MAINTENANCE SYSTEM. WHEREAS, this matter has been brought before the Pinal County Board of Supervisors by a request by the subdivision developer; and, WHEREAS, the Pinal County Department of Public Works has found as follows: 1. Drainage design is in accordance with Pinal County Standards. 2. As-builts for the grading were submitted to the Inspection Department. THEREFORE BE IT RESOLVED, Bond No. 6527772 in the amount of Seven Million Seven Hundred Forty Eight Thousand Four Hundred Nine and 99/100 Dollars ($7,748,409.99) issued by Safeco Insurance Company of America is released upon execution of this resolution. BE IT FURTHER RESOLVED, that this Resolution shall become effective upon recording of said Resolution with the Office of the County Recorder, Pinal County, Arizona. PASSED AND ADOPTED this ______ day of __________, 201__, by the PINAL COUNTY BOARD OF SUPERVISORS. ______________________________ Chairman of the Board ATTEST: _____________________________ Clerk of the Board
PinalCounty, AZ 31 N. Pinal Street Florence, Pa 85132
Receipt PINAL.COUNTY widt
Receipt #: 435358 Payment Date: 101312016 10:27:13 AM
Payor: PULTE GROUP
Transaction #:32364 Application Type: Point of Sale
Fee Surface Treatment Private County Reimbursements (Surface Treatment) (Enter Actual Value) !,lote: Red Rock Village ll, Unit 1 Surface Treatment .
Payment Method: Check Reference #: 001 0549777
Payment Comments: MM
\SUBDIVISION IMPROVEMENT PERFORMANCE BOND
Know all men by these presents: that we, Pulte Home Corporation, a Michigan corporation, as principal, and Safeco Insurance Company of America, a corporation, created, organized and existing under any by virtue of the laws of Washington and licensed to do business in the State of Arizona, are held and firmly bound unto Pinal Countlr , a political subdivision of the State of Arizona, as Obligee, in the sum of seven million seven hundred fortlz eieht thousand four hundred nine 99l100 ($7.748.409.99) dollars, lawful money of the United States of America, for the payment of which we bind ourselves, our heirs, personal representatives, successors and assigns, jointly and severally, by these presents. Whereas, said principal intends to file with Pinal County, Arizona a plat of a proposed subdivision in Pinal County, more particularly described as Red Rock Villaee 2. Unit 1. Subdivision Improvements and endorsed on said plat will be Principal's agreement to construct and install improvements for paving, water, sewer, and signing & striping. Whereas, provision has been made by law and ordinance whereby the principal shall provide security to assure complete installation of said improvements in conformance with Pinal County standards and in favor of Pinal County, which shall indemnify said County and secure to said County the actual construction of said improvements in conformance with County standards, in the event said Principal shall fail to install said improvements within the specified period of time described below.
Now, therefore, the conditions of the obligation are such that if the Principal, its heirs, personal representatives, successors and assigns shall complete the construction and installation of said improvements in conformance with County standards within two (2) years from the date of approval of said subdivision plat, then this obligation shall become null and void; otherwise it shall remain in full force and effect. The Principal and Surety, jointly and severally agree, that if said Principal fails to construct said improvements as herein required or fails to conform said improvements to Pinal County standards, Surety, with the consent of Obligee, may cause said improvements to be completed or made to conform to Pinal County Standards with Surety continuing to be firmly bound under a continuing obligation for the payment of all necessary costs and expenses or Obligee shall have the right to construct and maintain, or pursuant to public advertisement and receipt and acceptance of bids, cause to be constructed and maintained said subdivision improvements and the Principal and Surety shall be jointly and severally liable hereunder to pay to and indemnify the Obligee upon completion of such construction and maintenance, the cost to the Obligee thereof, including but not limited to engineering, legal and contingent costs and expenses.
ACKNOWLEDGEMENT BY PRINCIPAL
STATE OF MICHIGAN ) )ss.
couNTY oF OAKLAND) On this 13th day of October,2008, before me, the undersigned authorized employee, personally appeared Scott H. Finch, who acknowledges himself to be Director of Treasury Operations for Pulte Home Corporation, and as such employee, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the Corporation by himself as such employee.
My Commission Expires: March 26,2012
Public, Marcia G. Howard MARCIAG. HOWARD NOTARY PUBLIC, STATE OF MI COUNTY OF OAKLAND MY COMMISSTON EXPIRES Mar 26,2012
\The term of this bond shall begin upon the date of filing this subdivision improvement performance bond with Pinal County and shall remain in effect until the completion of the work in conformance with Pinal County standards. Signed, sealed and dated this 13th day of October, 2008. Address: 8950 N. Oracle Road Tucson, AZ 85137
Pulte Home Corporation (Principal)
H. Finch, Director of Treasury
Address: 2800 W. Higgins Road, Ste 1000 Hoffman Estates, IL 60169
Safeco Insurance Company of America
v Safeco lnsurance Companies Safeco Plaza Seattle. WA 98185
Ed, ACKNOWLEDGMENT BY SURETY
appeared Becky Heaston
, before me personally
, kno.*n to, me to be the Attorney-in-Fact
Safeco lnsurance Company of America , the
that executed the within instrument, and acknowledged to me that such corporation executed the same.
IN MTNESS WHEREOF, I have hereunto year in this certificate
set my hand and affixed my
official seal, at my office in the aforesaid County, the day and
Notary Public in the State County of Waukesha
Z : '.D..> i
Safeco and the Safeco logo are registered trademarks oi Safeco Corporation XDP
Safeco lnsuranco Company of America Gsneral lnsurance Company of America Safeco Plaza Seattle, WA 98185
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS:
That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA, each
Washington corporation, does each hereby appoint
CALLAHAN; PETER S. FORKER; BECKY HEASTON; MARGARET M. SYLVESTER;
its true and lav'rful attorney(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similarcharacter issued in the course of its business, and to bind the respective company thereby.
lN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA AMERICA have each executed and attested these presents 1
and GENERAL INSURANCE COMPANY OF
TIM MIKOLAJEWSKI, SENIOR VICE.PRESIDENT, SURETY CERTIFICATE
Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA: "Article V, Section 13. - FIDELITY AND SURETY BONDS ... the President, any Vice President, the Secretary, and any AssistantVice President appointed for that purpose by the officer in charge of surety operations, shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business... On any instrument making or evidencing
such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the validity ofany such instrument or undertaking." Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970. "On any..certificate executed by the Secretary or an assistant secretary of the Company setting out, (r) The provisions of Article V, Section 13 of the By-Laws, and (ii) R copy of the power-of-attorney appointment, executed pursuant thereto, and (iii) Certifying that said power-of-attorney appointment is in full force and effect, the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof." l, Stephanie Daley-Watson , Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and conect, and that both the By-Laws, the Resolution and the Power of Attorney are still in full force and effect. lN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation
A#ffi# s-0974/DS 4r05
*. *.o,i .).rf)L)"dor,Xt4ll-twq -V STEPHANIE DALEY.WATSON, SECRETARY [email protected]
and the Safeco logo are registered trademarks of Safeco Corporation.