HomeMy WebLinkAboutRESOLUTIONS - 01012005 - 2005-635 THE BOARD OF SUPERVISORS 4F CONTRA COSTA COUNTY, CALIFORNIA
Adoptedthis Resolution on October 4,2045,by the following Vete:
AYES:SUPERVISORS GIOIA,PIEPHO,
be AULNIER AND UILKEMA
NOES: NONE
ABSENT; SUPERVISOR GLOVER
ABSTAIN. NONE
T, N � f
SUBJECT: Approving the Final Map and Subdivision Agreement for Subdivision 05-08924,
being developed by Windemere BLC Land Company,LLC,San Ramon(Daugherty'
Valley)area. (District III),
The fallowing documents were presented for Board approval this date:
I Map
The final map of Subdivision 05-08924, property located in the San Ramon
(Dougherty Valley);area,Supervisorial District III,said map having been certified by,
the proper officials.
II. Subdivision Agreement
A subdivision agreement'with Windemere BLC Land Company, LLC, principal,
whereby said principal agrees to complete all improvements as required in said
subdivision agreement within two years from the date of said agreement.
Accompanying said subdivision agreement is security guaranteeing completion of
said improvements'as follows:
I hereby certify that this is a true and correct ca of an action
Originator:Public Works(ES} Ey
Contact: Terri Rie(313-2361) taken and entered on the minutes of the Board of Supervisors
Eli= on the date shown.
G:1GrpDatalErtgSvc1T30\20051SD U5-(18924 BO€21.doc
cc: Public Works'—T.Bell,Construction
Current Planning,Community Development
T-August4,2007
W ndernere BLC LaW Company,l.l.0 ATTES TED: .G-.ow'd-04, �J
6121 Hollinger canyon Road,Ste 500
San Ramon,CA 94583 JOHN SWEETEN,Clerk of the Board of Supervisors and
Attn:Brian Olin County Administrator
Fidelity and Deposit Company of Maryland
801 N.Bran Blvd.,Penthouse Suite
Glendale,CA 91203
Ates:Rochelle Rheault
Arch insurance Company Fay ,Deputy
135 N.Los Robles Ave.,#825
Pasadena,CA 91101
Amis George Munana'
RESOLUTION NO.2005/
SUBJECT: Approving the Final Map and Subdivision Agreement for Subdivision 05-08924,
being developed by Wind mere BLC Land Company,LLC, San Ramon
(Dougherty Valley) area. (District SITS
DATE: October 4, 2005
PAGE: 2
A. Cash Bond
Performance amount: $20,700.00
Auditor's Deposit Permit No. 451038 Date: September 12, 2005
Submitted by: Windemere BLC Land Company, LLC
Tax ID Number: 94-3291516
B. Surety Bond
BondCompany: Fidelity and Deposit Company of Maryland
Bond Number: 08821661 Bate: July 14, 2005
Performance Amount: $2,050,300.00
Labor&Materials'Amount: $1,035,500.00
Principal: Windemere BLC Land Company,LLC
III. Tax Letter
Letter from the County Tax Collector stating that there are no unpaid County taxes
heretofore levied on the property included in said map and that the 2004-2005 tax
Tien has been paid in full and the 2005-2006 tax lien,which became a lien on the first
day of January 2005, is estimated to be $4,203,600.00, with security guaranteeing,
payment of said tax lien as follows:
• Tax Surety
Bond'Company: Arch Insurance Company
BondNumber: SU5015816 Date: July 20, 2005
Amount: $4,203,600.00
Principal: Windemere BLC Land Company,LLC
NOW, THEREFORE, THE FOLLOWING IS RESOLVED:
1. That said subdivision, together with the provisions for its design and
improvement,is DETERMINED to be consistent with the County's general and
specific plans.
2. That said final map is APPROVED and this Board does not accept or reject on
behalf of the public any of the streets, paths, or easements shown thereon as
dedicated'to public use.
3. That said subdivision agreement is also APPROVED.
All deposit permits are on file with the Public Works Department:
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0649-9665 ! 112300: 61189862, $90,000.00, PA 03-00015, , Landscape
Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon
Rd., Suite 500,San Ramon, CA 94583"
819800-0800: G1189815, $102,800.00, RA 04-01175, Cash Bond,
Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500,
San Ramon, CA 94583
819800-0800: G1189822, $30.500.00, Sub 05-08925, Cash Bond,
Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd. Suite 500,
San Ramon, CA 94583
819800-0800: 01189828, $20,700.00, Sub 05-08924, Cash Bond,
Windemere BLC Land Company,'LLC, 6121 Bollinger Canyon Rd., Suite 500,
San Ramon, CA 94583
819800-0800: G1189833, $27.900.00, Sub 05-08926, Cash Bond,
Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd.,< Suite 500,
San Ramon, CA 94583
819800.0800: G1189838, $2,300.00, Sub 05-08926, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: 61189840, $1,700.00, Sub 05-08925, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: G1189842, $1,800.00, Sub 05-08924, Cash Bond, Windemere
BLC land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, C
94583
819800-0800: G1189844, $5,800.00, DG 04-00048, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Raman, CA
94583
813800-0800: 61183846, $1.M. 06 04-00049, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Ad., Suite 500, San Ramon, CA
94583
819800-0800: 61189848, $3,500.000 bG 04-00049, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: G11898501, $5,300.00, PA 05-00241 Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800.0800: G1189852, $53,200.00, RA 04-01171, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
}4583
819800-0800: 61189853, $3,000.00, RA 04-01178, Cash Bond,:Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: 611898551 $4,200.00, PA 05-00023, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Ballinger Canyon Rd., Suite 500, San Ramon, CA
94583
813800-0800: 01189857, '$23,000.00,,RA04-01175, Cash Bond, Windemere
BLC Land Company, L.LC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: 01.1898591 $3,300.00,0604-00050, Cash Band, Windemere
BLC band Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
819800-0800: G1189861, 43,3QQ.00,PA03-00015, Cash Bond, Windemere
BLC Land Company, LLC, 6121 Bollinger Canyon Rd., Suite 500, San Ramon, CA
94583
0682-9752 ! ;139200; G1189425, MA93. §, Sub 8331, CQA'S 80,
86,87188,105,106, 107, Danville Tassajara Ptrs, LLC, 6121 Bollinger Canyon
Rd, Suite 500, San Ramon,:
CA 94583
0682-9752 ! 139240. 01189426, $6,5 .CO, Sub 8331, COA 118A,
Construction of bus stop shelter Danville Tasso jara Ptrs LLC, 6121
Bollinger Canyon Rd, Suite 500, San Ramon, CA 94583
0649-9665 ! 112300; 61189817/ $15Q,000.0 RA 04-01175, Road
Acceptance Inspection, Windermere BLC Land Company, LLC, 6121 Bollinger
Canyon Rd , Suite 504, San Ramon, CA 94583
0649-9665 ! 112304: G1189825, $10Q,000,00, Sub 05-08925,;Subdivision
Improvement Inspection Fee, Windemere BLC Land Company, LLC, 6121
Bollinger Canyon Rd., Suite 500,,San Ramon, CA 94583
0649-9665 ! 112300: 01189831, 26,7 , Sub 05-08924, Major
Subdivision Improvement 'Inspection, Windemere BLC Land Company, LLC,
6121 8o11inger Canyon Rd., Suite 500, San Ramon,"CA 94583`>
0649-9665 ! 112300, G1189836, $100x0 ?O.OQ, Sub 05-08926, , .Major
Subdivision Improvement Inspection, Windemere BLC Land Company, LLC,
6121 Bollinger Canyon Rd., suite 500, Son Ramon,CA 94583
0649-9665 ! 112340: G1189839, $13,600.004, Sub 08926, Landscape
Improvement Inspection, Windermere BLC ''Land Company, LLC, 6121
Bollinger Canyon Rd., Suite 500, San Ramon, CA 94583
0649 9665 1 112300: G1189841, '$11.300,00, Sub ..05-08925, Landscape
Inspection Fee, Windemere BLC Land Company,;LLC, 6121 Bollinger Canyon
Rd., Suite 500, San Ramon, CA 94583
0649.9665 / 1123 0. 61189843, $11,700; # Sub 05-8924, Landscape
Improvement Inspection Fee, Windemere 8LC Land Company, LLC, 6121
Bol l i ager Canyon Rd.,.Suite:500, San Ramon, CA 94583
0649-9665 1 112300, G1189845, $29.400.00, DG 04.00048, Drainage
Inspection Fee, Windemere BLC Land Company, LLC, 6221Bollinger Canyon
Rd., Suite 500,'San Ramon, CA 94583
0649-9665 l 112300: G1189847, $10.300.00, DG 04.00049, Drainage
Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon
Rd., Suite 500, San Ramon, CA 94583
0649-9665 1112300: G1189849, $19300.00, DG 04-00049 Landscape
Inspection Fee, Windemere BLC Land Company, LLC,: 6121 Bollinger Canyon
Rd., Suite 500, San Ramon, CA 94583
0649-9665 / 112300: G1189851, $27.5,0)0.00, PA 05-0024, Landscape
Inspection Fee, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon
Rd., Suite 500, San Ramon, CA 94583
0649-9665 1122300; 61189854, $5,M.0 , RA 04-01178, Road Acceptance
Inspection, Windemere BLC Land Company, LLC, 6121 Bollinger Canyon Rd.,
Suite 5003; San Ramon, CA 94588
0649-9665 1 112300: G1189856, $22.300.00, PA 05-00023 Landscape
Inspection Fee, Windemere BLC Land Company, LLC,'6121' Bollinger Canyon
Rd., Suite 500, San Ramon, CA 94583'
0649-9665 1 112300: G1189858, $1074200.00,200.00, RA 04-011.75; Landscape
Inspection Fee, Windemere BLC Land Company, LLC, 6121' Bollinger Canyon
Rd., Suite 1500, San Ramon, CA 94583
0649-9665 / 112300: G1189860, $18.500.00, OG 04.00054, Drainage
Inspection Fee, Windemere 8LC Land Company, LLC, 6121' Bollinger Canyon
Rd., Suite 500, San Raman, CA 94583
EXECUTED IN DUPLICATE
Subdivision: S!&45-0$924
Band No-: '6821661
Premium:$29,478.60
IMTItt`*YXMTNT SECUR.t.TY BOND
FOR S7UBD ISION AGREEMENT
(Performance,Guarantee and Payment):
(California Government Code § 66499-66499.10)
l LkCCITAL OP SttBDIVISION AGttEEh f kDI The developer(principal)has executed a subdivision agreement
with the County of Contra' Costa to install and pay for street, drainage and ether improvements' in
Subdivision, 05-08924 as specified in the subdivision agreement and to complete said work within the
time specified for completion in the subdivision agreement,all in accordance with Mate and local laws and
rulings thereunder in order to satisfy conditions for filing of a final map or parcel map for said subdivision.
2. C1DLiGa7iOiV: 'WC Land Goman C` as and
demere RL
Fidelit, 1 and 1 `os3 t Co " an of Ma' land a corporation organised and
existing under the laws of the State of Marylandl and authorized to transact surety
business" in California, as surety, hereby jointly and severally bind ourselves, our heirs, executors,
administrators, successors and assigms to the Countyof Contra.Costa, California to pay as follows:
A. Performance find Guatritee: TWOillio oix and. ee Hundred and 001100
Dollars (I t - .00 for Contra Costa County or any,city assignee under the above
County Subdivision Agreement.
1t3; Payment: One Million Thim Eiveo son Five hundred and 00A 01)
Dollars (,S 1,435,500.00 J to secure the claims to which reference is made in Title XV
(commencing with'Section 3082) of Pan 4 of Division Ili of the Civil Code of the State of
California.
3 CON .
A. The Condition of this obligation as to Section(2.A.)above its such that if"the above bonded principal,
or.principal's heirs,executors,adminisTrators,successors or assigns,shall in all things stand to arid
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, out it or its 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 County of Contra Costa(or city
assignee)its officers,agents and employees,as therein stipulated,then this obligation shall become
null and void; otherwise it shall be and remain in futl force and effect.
As part of the obligation secured hereby and in addition to the face amount specified therefore,there
shall be included reasonable costs,expenses and fees,including reasonable attorney's fees,incurred
by the County of Contra Costa(or city assignee)in successfully enforcing such obligation,all to be
tasted as costs and included in any judgement rendered.
............
B. The-condition of this obligation, as To Section (2-B.) above, is such that said principal and the
undersigned, as corporatesurety, are held firmly bound unto the County of Contra Costa and all
contractors,subcontractors,laborers,material men and other persons employed ia the peormance,of
the aforesaid subdivision-agreement and referred to in the aforesaid Civil Code, for materials
furnished,labor of any kind,or for amounts due under the Unernploymew Insurance Act with respect
to such work or labor and that said surety will pay the same in an amount not exceeding The amount
herein above setforth and also,incase suit is brought upon this bond,will pay,in addition to the
fact amount thereof, reasonable costs, expenses and fees, including reasonable attorney`s fees,
incurred by the County of Contra Costa(or city assignee)in successfully enforcing such obligation,
to be awarded and fixed by the court, all to be taxed as costs and to be included in the judgement
therein rendered.
It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all
persons,companies and corporations entitled to file claims underTitle 15(commencing with Section
3082)of Pan 4.of Division 3 of the Civil Code,so as to give aright of action to them or their assigns
in any suit brought upon this bond.
Should the work under conditions of this bondbe fully performed,then this obligation shall become
.
null and void; otherwise it shall be And remain in full forceand effect.
C. No alteration of said subdivision agreement or any plan or specification of said work agreed to by
the principal and the County of Contra Costa(or city assignee)shall relieve the surety from liability
on this bond;and consent is hereby given to make such alteration without Airther notice to or consent
by the surety;and the surety hereby waives the provisions of California Civil Code Section 2819 and
holds itselfbound without regard to and independently of any action against the principal whenever
taken.
July, 14, .2005
SIGNMAND SEALFM on
Fidelity and Deposit: Company
PRINCIPAL: See attached signature block_ SURETY. of Maryland
Address' 6121 Bollinizer CanSron.Rd!j.-Ste. 500 Address: 801 N. Brand.Blvd., Penthouse Suite
_
City: San Ramon, CA Zip: 94583 City, Glendale CA Zip 21203
By: By:
Print Name: Print Name: Rachelle Rheault
Title: Title: Attorney-in-Fact
0 D.LgTin S.aorm\aN WOP.MBN.12 doe
.............
.... .... ..
WINDEMERE BLC LAND COMPANY,LLC.,a California
limited liability company
By:LEN-OBS WINDEMERE,LLC.,a Delaware limited
liability company,its Managing Member
By:LENNAR HOMES OF CALIFORNIA,INC.,a California
Corporation,its Managing Member
By:
David Evans,Vice Presidet
By:_
Cindy Thompsoif.Assistant Sect >
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
State of California
County of orange
On July 18, '2005 before me, Dina Prints Notary Public, personally
appeared David Evans and Cindy Thomoson, personally known to me to be the persons
whose names are subscribed to the within instrument and acknowledged to me
that they executed the same in their authorized capacity, and that by their signatures
on the instrument the person or the entity upon behalf of which the person
acted, executed the instrument.
Witness my hand and official seal.
51NA aRINrr"'�` [
,.� Cammtsaion# 1453610
Notary Public-California
Orange County
emy Comm.Expim Nov 28,2007
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons retying on the document
and could prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER SIGNER IS REPRESENTING:
David Evans--Vice President Lennar Homes of California Inc.
Cindy Thomson'-Assistant. iSecretary Lennar Homes of CaliforniaInc.
DESCRIPTON OF ATTACHED DOCUMENT
Type of Document: SuretyBond No. 08821661
Number of Pages: Three (3,
Date of Document: July 14, 2405
Signers(other than those named above):Rachelle Rheault
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No.5907
State of California'
County of orange
On July 14 2005 before me, Rosa Estela Ragas,Notary Public ,
DATE NAME,TITLE of OFFICER-E.G.,"JANE DOE,NOTARY PUBLIC"
personally appeared Rachelle Rheault ,
NAME(S)OF SIGNER(S)
personally known to me-OR- ❑ proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ies),;and that by his/her/their
signature(s)on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument.
ROSA ESTELA RIVAS J
COMM# 1447661
NOTARY PUBLIC CALIFORNIA
ORANGE COUNTY WITNESS my hand and official seal.
My comm.expires Oct,28,2037 it
•�,yr ,G,
SIGNATURE OF NOTARY
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and
could prevent fraudulent reattachment of this form
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED'DOCUMENT
❑ INDIVIDUAL
❑. CORPORATE OFFICER
TITLE OR TYPE OF DOCUMENT
TITLE(S)
❑ PARTNER(S) LIMITED
GENERAL
ATTORNEY-IN-FACT
TRUSTEE(S)
❑ GUARDIAN/CONSERVATOR NUMBER OF PAGES
❑ OTHER:
SIGNER IS REPRESENTING:` GATE OF DOCUMENT
NAME OF PERSON(S)OR ENTITYQES}
SIGNER(S)OTHER THAN NAMED ABOVE
S4067/GEEF 2/98 0 1993 NATIONAL NOTARY ASSOCIATION-8236 Reonmet Ave.,P.O.Box 7184•Canoga Park,CA 91309-7184
Power of Attomey.
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
KNOW ALL MEN BY THESE PRESENTS:That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,a
corporation of the State ofaryland,by PAUL C.ROGERS,Vice President,and T.E.SMITH,Assistant Secretary,in
pursuance of authority granted by Article Vl,Section:2,of the lay-Laws of said Company,w ' set forth on the reverse
side hereof and are hereby certified to be in full farce and effect on the date hereof d s mate,constitute and
appoint Rachel le IMAULT,+sf Irvine,;Callforoia, its true and lawfu o make,execute,seal
and deliver,for,and on its behalf as surety,and as its act and o ngs,and the
execution of such bonds or undertakings in pursuan ,s I n said Company,as fully and
amply,to all intents and purposes,as if xe e gedby the regularly elected officers of
the Company at its office in Ila , u
The said Assistant " t set forth on the reverse side hereof is a`true copy of Article VI,
Section 2,of the$y- s ' ow in force.
IN WITNESS a said Vice President and Assistant Secretary have hereunto subscribed their names and
affixed the Corpora ea of the said FIDELITY AND DEPOSIT COMPANY OF MARYLAND,:this 24th day of May,
A.D.2004.
ATTEST: FIDELITY AND DEPOSIT COMPANY OP MARYLAND
By-
T.E.Snaith Assistant Secretary Paul C Rogers Vice President
State of Maryland
City of Baltimore
On this 24th day of May, A.D.'2004, before the subscriber, a Notary Public of the State of Maryland, duly
commissioned and qualified, came PAUL C. ROGERS, Vice President, and T. E. SMITH, Assistant Secretary of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers
described in and who executed the preceding instrument,and they each acknowledged the execution of the same, and being
by me duly sworn;severally and each for himself deposeth and saith,that they are the said officers of the Company aforesaid,
and that the seal affixed to the preceding instrument is the Corporate Seal of said Company,and that the said Corporate Seal
and their signatures as such officers were duly affixed and subscribed to the said instrument by the authority.,and direction of
the said Corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal the day and year first above
written.
Dennis R.Hayden Notary Public
My Corunission Expires: February 1,2005
POA-F 012-50308
EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY OF MARYLAND
"Article VI,Section 2.The Chairman of the Board,;or the President,or any Executive Vice-President, or any of the Senior
Vice-Presidents or Vice-Presidents specially authorized so to do by the Board of Directors or by the Executive Committee,
shall have power,by and with the concurrence of the Secretary or any one of the Assistant Secretaries, to appoint Resident
Vice-Presidents, Assistant Vice-Presidents and.Attorneys-in-Fact as the business of the Company may require, or to
authorize any person or persons to execute on behalf of the Company any bonds, undertaking,recojnizances, stipulations,
policies, contracts, agreements, deeds,and releases and assignments of judgements, decrees, mortgages and instruments in
the nature of mortgages,...and to affix the seal of the Company thereto.
CERTIFICATE
I,,the undersigned,Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,do hereby certify
that the foregoing Power of Attorney is still in full force and effect on the date of this certificate, and I do further certify that
the Vice-President who executed the said Power of Attorney was one of the additional Vice-Presidents specially authorized
by the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI, Section 2, of the By-Laws of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND.
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the
Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on
the IOth day of May, 1990.
RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically
reproduced,signature of any Vice-President, Secretary, or Assistant Secretary of the Company, whether made heretofore or
hereafter, wherever appearing upon a certified copy of',any power of:attorney issued by the Company, shall be valid and
binding upon the Company with the same force and effect as though manually affixed.
IN TESTIMONY WHEREOF,I have hereunto subscribed my name'and affixed the corporate seal of the said Company,
this 14th day of July 2005
41 -"
Assistant Secretary
... .. ._
.__. .. .. ... .
..... ..�. :..�� : .. ..
�' x„riY�:;:; :�#:.�nv aii�:.:s:,lEi�' �s i .:�a""r.
ZURICH
TUI IMPORTANT DDS -Q$VRP NOTICEIS PART QF YOU +f N
Fidelity laid Deposit Company of Maryland,Colonial American Casualty and Surety Company,Zurich American
ltasurance Company,and American Guarantee and Liability'Insurance Company are making the following
inforcmatioual disclosures in compliance with The Terrorism Risk Insurance Act of 2002. No action is required on your
part.
Disclosgre of Tg!XQrism Premi m
The premium charge for risk of loss resulting from acts of terrorism(as defined in the Act)under this bond is
$waived . This amount is reflected in the total premium for this band.
Disclosure of AvaQahWtty of Coverage for Terrorisx��T�ame
As required by the Terrorists Risk Insurance Act of 2002,we have made available to you coverage for losses resulting
from acts of terrorism(as defined in the Act)with terms, amounts,and limitations that do not differ materially as those
for losses arising from events other than acts of terrorism.
Disclosure al Federal'Share of Insurance Comyanylg Terrorism Losses
The Terrorism Risk Insurance Act of 2002 establishes a mechanism by which the United Stags government will share
in insurance company losses resulting from acts of terrorism(as defined in the Act)after a insurance company has paid
losers In excess of an annual aggregate deductible. For 2002,the insurance company deductible is l%of direct earned
preiraium in the prior year;for 2€103,7%of direct earned premium in the prior year;for 2004, 10%of direct earned
premium,in the prior year,and for 2005, 15%of direct earned premium in the prior year. The federal share of an
insurance company's losses above its deductible is 90%. In the event the United'States government participates in
losses,the United States,'government may direct insurance companies to collect a terrorism surcharge from
policyholders. 'elle Act does not currently provide for insurance industry or United States government participation in
terrorism losses that exceed$100 billion in any one calendar year.
Do-A itlon of Act of TorroLigm
The Terrorism Risk Insurance Act defines "act of terrorists"as any act that is certified by the Secretary of the Treasury,
in ooncur;retice with tete Secretary of State and the Attorney General of the United States'
I. to be an act of terrorism;
2, to be a violent act or an act that is dangerous to human life,property or infrastructure;.,.
3. to have resulted in damage within the United States, or outside of the United States in the case of an air carrier
(as defined in section 44102 of title 49,United 17 States Code)or a United States flag vessel'(or a vessel based
principally in the United States, on which.United States income;tax is paid and whose insurance coverage is
subject to;regulation in the United States),or the premises of a[)Exited States mission; and
4, to have been committed by an individual or individuals acting on behalf of any foreign person or foreign
interest as part of an effort to coeroe the civilian population of the United States or to influence the policy or
affect the conduct of the United States Government by coercion.
But,no tact shall be certified by the Secretary as an act of terrorism if the act is committed as pact of the course of a war
declared by Coupes(except for workers`compensation)or property and casualty Insurance losses resulting fkom the
am, in the aggregate,do not exceed$5,000,000.
These disclosures are Informational only and do not modify your bond or affect your rights under the bond
Copyright Zurlcti Aatterim Insumc4 Company 2003
SUBOMStON AGREtr1NENT
(Gov.Code;f§66462 and 664631
Subdlvisiorr Sk* t S-OSCjI4 --u►tiLA" AJO Effa re Dow
Subdivider, trlf UP16 K6 it jL r 4AetAD M MpA4411 Completion Parted: ►'R 5
THESE SIGNAIVRES ATTEST TO THE PARTIES'AGREEMENT MEM. VJ(NI?EIVEES E'BLC LAW,
tx6 VARY, Lt
'A California limited tiab}liey odrupany
CONTRA COSTA COUNTY SUBbIVIOER BY:GEN-OBS Windemert k.LC,
Mauck o M.SMu,Public Works Director A Delaware limited liability company
j ane "Umber
I
By: .Lon o Ceti ia,t
REC M FOR APPROt/AL -
I: (signs
(print nam t 1 Meriattex st Secretary
By
(print nhtrrue 10011 n,vice=Presidrritt
EngliWnp Services
FORMAPPROVED- SIIvano9.Marcdresi,CoUntyt:,cxxuel t7TE:Araignaturesmhrstbeaclrrrartledged.IfSWidlNrkarfs ihecaihtract
m�signed by two,tfffcam Toe 601dgrtd trwat?t YG�t�'lhe aai8irmal r=arfdid
board,president drw�-p� lfisd�trumtbrLittati�f liseatsay,
sasieientsecrefan;c4daf t�attcleid�ar,aaaei�nl#assurer.{Div.Coda;§1t90 and
Corps.Cosi$J3 3.)
CERTIFICATE OF ACKtdttWLEDGMEN f
StateofCagk3nda
hos.
County-of
On Me daiawritlen-beiaw,bebm ma, undmr reed Nota pW*o p raon*appaarodthe person(b)soft above for pawn*
known to nw(o r pmed to nw on the basis of sausfactogevldence)to bathe parson(p))whose name(s)Were subscribed to the withinInsirumpt antadmow(edgedtome that hefsf MbOy
executed fhasame-in hisfierftheir authorized capadty(tes),and that by itlslh~signa"s)on the instrument the pown(4 or the entity upon behalf df%fth the person(s)acted.
executed ftwkwvurr
VATNESS my hand and dkW east
Dated:
(NolarySeet)
1. PARTIESQATE.Etmcdiveonthaabove date.iheCountydcontraCosta,Cafitornis,(hereinefter-County')end the abov"wfiDnedSubdivider rnuhuallyprombeand agree
as Foikhws conceming this Subdivisions
2. LMWROV#MMEfJTTS.Suhdivideragreestoinstagcertainmad lmprtwamerda(bolhpublicandpdvats),drah ge"vemsnts,sig%*edt fire hydmnts,landsWingand
such other inprovemanis�iad6ng appur#dnard e9uiprrwn0 as rd4u6eri h-tlre tgtp►nvgrrrentplansforthis Stshdlvlskrn asesvidwad andonA[e1vleronpa Casiatty" Works
Department 6 required by l he.Con"M of Approval for title Subdivision,and in conformance wtth be Contra Costa County Odrwm,Crede, fubrra arrterwhrleitdsfhereto
(hereinafter"bn%nance Codd'.
SubdividershaIla nupfelasaidik vemdrdg(tNuehatter Wodr)w16dn6reabover dNorrperiodficxr►daCafierr3of,asrertulrrad'G+MtdGaUfarr sAot(t`Oov.
Codd, rll#4k)eL seq.)in a good rrcxitmmatal&re rhannra;In accandancewh aaxipted construction practlass arxf in a mannerequaf ar aupuxllor fuy Efts tequtrenterrta rdfhe t7r drtuirtce Codd
and'afts made thereunder,and where there is a condctaraong Ow hnpm T*M piens,ftw l+ondltlahs of Approval and the Orcthsa Coude;llwabfaEer` is ahaggo>rern.
3. O„APRMN ENTS SECURITY.Upon executing this Agreement theSubdWer sheti pursuantto Gov.Code66499 and the County iMciinenc a Code,prouide as security to
the County:
A. Pelfam a and Guarantee:s 40,71M.t�cash,plus adr�onat saw*,kits smo untof S,2tot�0 i' Gt?•e-t wtuich ahgelher�iatone hundred
percent(10091,)of tho esf iii costdlw Wbvk Such addNlonstsecuity is presentedtn the loon of:
Cash,cabled duck we ashiers.check.
Y, Acceptable wgxrela surety bond.
Acceptable trrevorastde W*ofcred&
WAhttdssmiky,Subdirrldarguaranompe&miancewderlhisAgmf nmlandmainWmncootowwork#xatayearatat'tisconr eWnandacoopWmagaWtanydefedys
wodcmanship ormatadats or any unsatisfadory performance
B. For Payment Security In lw amount:$ i,0'55,SIJt! 00,wider is fifty percent(5094)of the estimated cwt d the Wok Such smr tyls presented In ffre
form of.
Cash.cmrtifled check.or cashier's check
Aoxaiptabis coMorsta surety bond. Form Appoved by Counts f Counsel
Acoaptatue k revocalse Mar of credit ltev.dtf03)
Page t of 2
........................................................ .................................. ......................... ...................... .............. ..................................... .......... .......... .......... .......... .................
With this security,Subdivider guarantees payment to the contractor.to its subcontractom and to persons renting equipment or furnishing labor or materials to them or to the
Subdivider.
Upon acceptance of the Work as complete by the Board of Supervisors and upon request of Subdivider,the amounts hold as security may be reduced;In accordance with
Sections 944.406 and 94-4.408 of the Ordinance coda.
4. GUARANTEE AND WARRANTY OF WORK SubdWOrguarsfilees that the Work shall be free from defects,In orworkmanship and shalt perform salfislactodlyfor a
period of one(1)yearfrom and after the Board of Supeivis6n;accepts the work as complete In accordance with Article 96-4,11,'Acosplance.,of the Ordinance Code.Subdivider agrees to
correct,repair,or replace,at Subdivider's expense,any deb*In said Work.
The guarantee period does not apply to road Improvements for private mods that are not to be accepted Into the County noadVtem.
5. PLANT ESTABLISHMENT Stk&iklerogtdabpMormplantestabL*wtworklorbrKismpi%lmtaGedun rth Ag nt SeWp tea rk shall
ds Is ream lan tafthmentwo
consist ofedeqmt*wataMgplants,m*ftumkabbplinis, oft pes(oWM and otherwork dMendned by the Public Works;Departmentobe necessary
W"1=1 Do"
to an am establishment of plants.,Seld plant;6blishmani work Per ior period of one(i)year from and after the Board of Supervisors a �the WcA a's complete,
6. MPROVEMENT PLAN WAMR-TY.Subdivider warrants the linprovementpians for the Work are adequate to s000rnpft the Work as promised in Section 2 and as required
by the Conditions of Approvel�for-IhModlvislon,ffata
slat knd6elkim it*Boardof StpPlaors accepts the Work as complete ardurkV tie one yearguarantee period,said improvement
prove to be Inadequate In any mspect-SW�Woigha,i'timke�fttever:dwW are necessary to accomplish Dur Work as promised,
7. NO WAIVER BY COUNTY Inspection of the Work ardor materials,or approval of the Work ardor materials or statement by any officer,agent or employee of the County
indicating the Work crony part thereof complies with the requirements of this Agreement or acceptance of Me whole orany part of said
Work arWormatertals,orpayments therefor,orany,
combination Ord of these acts,shelf not relieve the Subdividetrof lisablilgellon lo KIN this Agreement as prescribed:norshall the County be 'thereby stopped from bringino any action for
damages wising from to failure to comply with any of the team mid conditions hereof.
8. INDEMNITY. Subdividershaill defend,hold harmless and Indemn9y,the-Inclemnlises from the Ilablift as deffnied In this section.,
A. The IndemnMes benefittedand protected by rids promisearethe County and fisspecialtilsbids,elective and appointive boards.conwissions,officers,agents and
employees.
B. The Habilldes protected against are any liability or claim fordamage of any kind allegedly suffered,incunred or threatened because of actions definedbalow,and
Including personal Injury,death,properly damage,inverse condemnation,crany combination of these,and regardtasso(whedworna(such liability,dWm ordamagawas tdoreseeabia
at any time before County revishred said Improvement plans or accepted the Work as complete,and Including the defense of any s*&),aW*3),-or other pmcea*V(s),om=ffdng said
liabilities and dalms.
C. The actions causlno NON are any ad or omission(negligent or eon egligent)In connection with the matters covered by flus Agreement and attributable to
Subdivider,contractor,subcontractor,or any officer,agent or employee of one or more of them.
D. Non-Condflions.The promise andagreementin thissection are notcondifioned ordspendention wheltwornotany Indemnilee has preparedi supplied,or approved
any plan(s)or specificallon(s)In connection with this Work or Subdivision.or has Insurance orother Indemnification covering anyof these matters.or that the alleged-damage resulted partly
from any negligent or willful misconduct of any Indemnities.
9. COSTS.Subdivider shall pay,when due,all the costs of the Wok inckiding but not limited to the costs of relomilbra Of existing Utlift required thereby;Inspections;material
checks and tests,,:and other costs lrmmd by County staff arlsing from orrelated to theYork and pdato acceptance of tie Work as compleleorexpimfien of anyapplicable,wamsnty parlod%
whichever Is later.
10. SURVEYS Subdivider shall sat and establish survey monuments In accordance with the tied map and to the satisfaction of the County Road Commissbner-Surveyor before
acceptance of the Work as complete by the Board of Supervisors.
it. N_Q"EFTORMANCEANDCQ$TS If Subdivider fift boOfMkb The Work Within DWOM specified Inthis Agreement and subseque6t exiensloworfells to maintain the
WA Cou*may proceed to complete arWarmalathin the Workbycoattract orothenvise and Subdivideragress bpaydco*and charges Irvired byCcontypnoluft,but raottilmited
to,WgIneWng,WpecS^surveys,contract overhead,at)Immediately upon demand.
Once action is taken by County Jo complete or maintain the Work,Subdivider agrees to pay all ousislincunredby County,even[Subdividarsubsequantly complalaa Ithe Work
Should County sue to compel performance underMAgreementorlD recover costskMrsd In completing ormaintaining 111reWoW,Subdivider ogreso kopay ala"Isfoes,
staff costs and all other expenses o(ftadon Incurred by County In connection hnwlh even ItSubdividersubsequently proceeds lo cow*A9 the Work
12. INCORPORATIONIANNEXATION. If,before the Board of Supervisors accepts the Work as complete,the Subdivision Is Included In territoryinoorporstedas a city oris annexed
to an existing city,except as prodded In this paragraph,County's rights under thisAgreementandAurany depoell,bond,or lefterof creditsecuring said rights shall be transferred to the new
or annexing city.Such*shall have all the rights of a Wpa*beneliclaryagainstSubdWer,who shelf fulfill[all do tonme-of this Agivementis ftWtrSUbdIvlder had contracted with
the city odgkW The provisions of paragraph 8(Indemnity)shall continue to apply In few of1he laderrinkees bled In paragraph 8A upon any such lioarporallon or annexation.
13. 'RECORD MAP.In consideration hereof,County shall allow Subdividerto file and record the final map or parcel map for sold Subdivision.
14, RIGHTOFENTRY.Subdivider hereby consents to entry onto the Subdivision property,and onto any other property overwhich Subdivider has land rights and upon which any
portion of the Work Is to be installed pursuant to the improvement plans,by County and Us brow,Including contactors,forte purpose of Impaction,and,In the event of non-parkirmance
of this Agreement by Subdivider.completion ardor mairdenance of the WorX
Form Approved by County Counsel
(Rev.9/031
K1FinaM2ftW_SubAgmt9.03.wpd
Page 2 of 2
OR
omn w.wm m. ...... ............ .........
..........
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of Contra Costa
On July 8,2005 before me,Karen L. Keenan,NqtM Public personally appeared
Don Larson&''Paul J. Menaker,personally known to me to be the persons whose names
are subscribed to the within instrument and acknowledged to me that they executed the
same in their authorized capacities,and that by their signatures on the instrument the
persons,or the entity upon,behalf of which the persons acted,executed the instrument.
WITNESS my hand and official seal.
KEN'L t( NAN
tar r�k wn N�1rw37M*
sign tm of NO� biIC a 4
CC'l1 tro C000 cC?IlrY�y
MYLCOMM-
7.2006
7/28/05 FATCO$42 8924
Tac Collector's'Office William J.Pollacek
625 Court Street Contra County Treasurer-Tax Collector
Finance Building,Room 100
P.O.Box 631 (� Russell V.watts
Martinez,Califonnia 94553- Costa Chief Deputy Treasurer-Tax Collector
0063
(925)646-4122 Co u 1 t�1ty Joslyn Mitchell
(925)6464135 FAX Tax Operations Supervisor
t
Date: 7/28/2005
IF THIS TRACT IS NOT FILED PRIOR TO THE DATE TAXES ARE OPEN FOR
COLLECTION (R&T CODE 2608) THIS LETTER IS VOID.
This Will certify that I have examined the map of the proposed subdivision entitled;
Tract MS# Glty, T.R.A.
8924 SAN RAMON 66383
Parcel##: 223-400-016-0 223-090-008-2'
and have determined from the official tax records that there are no unpaid County taxes'heretofore
levied on the property included in the map.
The 2004-2105 tax lien has been paid in full. Our estimate of the 2005-2006 tax lien, which
became a lien on the first day of January, 2005 is $4,203,600.00
This tract is subject to a 1915 Act Bond. If subject to a 1915 Act Bond, the original'principal
to calculate a segregation is Brad Mills of Muni Financial at 800-755-6864
The amount calculated is void 45 days from the date of this letter, unless this fetter
is accompanied with security approved by the Contra Costa County Tax Collector
Subdivision bond must be presented to the County Tax Collector for review and approval of
adequacy of'security prior to riling with the Clerk of the Board of Supervisors.
This subdivison will be secured by the bond for 8923 and 8510
WILLIAM J. POLLACEK,
Treasurer-Tax Collector
We hereby certify that this le in true and
correct copy of the original
MCUTEDIN DUPLICATE IFIItS7 I,TLE GUAItANtY C4.
PRINCIPAL TITLE COMPANY
W ttcler cn-BLC First'American Title Cu. march Insur=e Company
5121 Bollinger Canyun Rd V500 1355 Willow Way,#101 1 1� X. 'Loa Roh 1 P s Ave. #825
San Ramon,Ca 94583 Concord,Cs 94520 PAcarlena,_t' c 1 1 n1
Attn: Brian Olin Attu- Barbara Pinto tf-ri- r'Pnrgo 1Mimaza
Phone: 925-242}0811 Pbone: 925=356-7007 A76-63q_52�6
FA'T`CO# 1833613
Tar year 2005/ 2016
BOND AGAINST TAXES Bond No. SU5015816
Premium: $42,036.00
KNOW ALL MEN BY THESE PRESENTS:
THAT, Windemere,,BLC Land Company LLC, a'Californi.a limited liability
company as principal and (Surety) Area Insurance CogRan
a corporation organized and existing under the laws of the Stag of
Missouri , and authorized to transact surety business in California as surety
are held and firmly bound unto the County of Contra_Costa State of California.,
in the petia.l sum of flour Million two hundrvd three thousand six.hundred Dollars
($4,203,6001 0), to be paid to said County of Contra'Costa, for the payment of which
will and truly be made, we and each of us bind ourselves, our heirs;executors,
administrators and successors,jointly and severally, firmly by these presents.
Sealed with our Seals and dated this 20th day of
July 2005.
The conditions of the above obligation is such that WHEREAS, the above bounded
principal is about to file a map entitled Tract:45-0 And 892.3
and covering a subdivision of a tract of land in said County of Contra Costa
and there are certain liens for taxes and special'assessments collected as taxes, against the
said tract of land covered by said map, which taxes and special assessments collected as
tares, are not as yet due or payable.
NOW, THEREFORE, if the said Principal, shall pay all of the taxes and special
assessments collectcd as taxes which are a lien against said tract of land covered by said
map, at the time of the filing of said map of said tract,then this obligation shall'be void
and of no effect, otherwise it shall remain in full force and effect.
Arch. Insurance Company
(Prinr:plc) eery)
Winsl=crc BLC Land Company LLC,
a Catifbmi2 limited tiabiiiry cottrp3ny Surety
By: LEN-OSB WINDEMERE, LLC, Rachelle Rheault, Attorney-In-Fact
a Delaware limited liability company,
its Managing Member
By: LMAR m
OF CALIFORNIA, INC. ,
a Califor ` oration, its Managing Member DATE: f
By: /l BOND REVIE AND APPROVED
Greg m , Vice President TR
_
By: C BY:
CindyThttnps n, Assistan Sec etary
NOTARY ACKNOWLEDGMENT
STATE OF CALIFORNIA }ss
COUNTY OF � }
On aobefore me 1 , PUNIC
in and for% id'State,J,personally appeared Gr ?6-r� end Ca V\ �s a-n
personally Known to me ( BB)to be the
parsor&vhose namqT4 i are ubscribed to the within instrument and acknowledged to
me that, the executed the same in thei authorized capaci re and that
by h' ttheir ignatureo on the instrument the persords or the entity upon behalf of
which the person s�acted, executed the instrument.
WITNESS my hand and official seal
Signature
Commiabn# 1478164;
N Y t uc CC#kaoo
ONW0s
MVC0MftExpWaApi19,20Wi
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No5907
State of California
County of Orange
Can July 20 2005 before me, Rosa Estela Rivas,Notary Public
DATE NAME,TITLE OF OFFICER-'E.G.,"JADE DOE,NOTARY PUBLIC"'
personally appeared Rachelle Rheault
NAME(S)OF SIGNER(S)
Z personally known to me -OR - proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon
behalf of which the'person(s) acted, executed the instrument.
C d ESTELA RIVAS
a C 1,Pl1 14$,1661 :E
I,iCr Y PLIB IC CALIFORNIA Co
�r �E COUNTY WITNESS my hand and official Seal.
l 't'c Nitre~Oct,28,2D07It
^ r
SIGNATUOTARY
OPTIONAL.
Though' the data below is not required by law, it may prove valuable to persons relying on the document and
could prevent fraudulent reattachment of this form.
CAPACITY`CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
[� INDIVIDUAL
CORPORATE OFFICER
TITLE OR TYPE'OF DOCUMENT
TITLE(S)
PARTNER(S) LIMITED
GENERAL
Z ATTORNEY-IN-FACT
TRUSTEE(S)
[] GUARDIAN/CONSERVATOR NUMBER OF PAGES
[� OTHER:
SIGNER IS REPRESENTING, DATE OF DOCUMENT
NAME OF PERSON(S)OR ENTITY(IES)
SIGNER(S) OTHER THAN NAMED ABOVE
S-40671GEEF 7)98 0 1993 NATIONAL NOTARY ASSOCIATION 82365 Remmet Ave.,P.O Box 7184•Canoga Park,GA 9130S-7184
POWER OF ATTORNEY
Know All hien By These Presents;'
That the Arch insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its
principal office in Kansas City, Missouri(hereinafter referred to as the"company")does hereby appoint
Rhonda C. Abel, Jeri Apodaca, Jane Kepner, Nanette Myers, Mike Parizino, James A. Schaller, Rachetle Rheault,Ashley
Ward, Grace Reza and Rosa E. Rivas of Irvine, CA(EACH)
its true and lawful Attomey(s)-€n-Fact, to make, execute, seat, and r eliver from the date of issuance of this power for and
on its behalf as surety, and as its act and deed:
Any and all bonds and undertakings
EXCEPTION: NO ACITHOR€TY is granted to make, execute,;seal and deliver bonds or undertakings that guarantee the
payment or collection of any promissory note, check, draft or letter of credit;
This authority does'not permit the sameobligation to be split into two or more bonds in order to bring each such bond
within the dollar limit of authority as set forth herein.
The Company may revoke this appointment at any time.
The execution of such bonds and undertakings in pursuance of these ,presents shall be as binding upon the said
Company as fully and amply to all intents and purposes, as if the same ba' 8,been d6iy executed and acknowledged by its
regularly elected officers at Its principal office in Kansas City, Missouri.
This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of
the Company on March 3,2003, true and accurate copies of which are hereinafter set forth and are hereby certified to by
the undersigned Secretary as being in full'force and effect:
"VOTED, That the Chairman of the Board, the President, or any Vice President, or their appointees designated in writing
and flied with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys-in-fact,
and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and
undertakings, rawgnlzances, contracts of indemnity and other writings, obligatory in the:nature thereof, and any such
officers of the Company may appoint agents for acceptance of process."
This Power of Attorney is signed, sealed and'certified by facsimile under and by authority of the following resolution
adopted by the unanimous consent of the Board'of Directors of the Company on March 3, 2003:
VOTED, That the signature of the Chairman of the Board,;the President, or any Vice President, or their appointees
designated in writing and filed with the Secretary, and.,the signature of the Vice President, the seal of the Company,and
certifications by the Vice President, may affixed by facsimile on any power of attorney or bond executed pursuanf.to
the resolution adopted by the Board of Directors'on March 3,2003, and any such power so executed, sealed and certified
with respect to any bond or undertaking to which it is attached,shall continue to be valid and binding upon the Company,
DOMLOO13 00 03 03
Page 1 of,2 Printed in l.i.S.A.
; k Arch
fnigurafico GrOUP
' 'M DR18M RISK
.1 A.& OP 20,02
The Te1.rrbfi 1.n Risk Insurance Act of1 . X11}2 establishes A mecharti aria ray iph the fe!d aI goveernment will share
;with'the in t rarr iRrfu ry, in loses ansirig ouf c�#. "ate i f i i°ir rise i"' i etf s sp :I e Secretary of the
Treas;rry, '{ ittfied aG..,s ofletTC�rtst�'l�` are lefnad aS'ev'erttSthat ca6me mote tha�!'$5 rrltll#Csn in losses 3Rd,
1. ;ire V1616nt gar-tla!Vert tea burr+:an life, proparty, o"r;th}e inftasttaucAuPe
2. Result in damagre within the United States, on a United States mission, or tb a United States aircraft or
3. Are cpi'rrrnitt d 'rr#r rvid ls= ar i g pn b6half of foreign er tins �,r rrtta.rosts, as,part of an efffort to coerce
B civiii n �Soptilat'rnn of the Unifk' States or to irt#1'uenc ''the 'bz iici or cc►r c�irci of the United States
�GFtivet�rr�aer€t.'
The Art ipecifies that op rage fpr "oer ifiad acts of terrorism" trust be'made:av2tiial i in mm.ercial pMpeq
arr€I'cas.i.mty policOes of insurarice, and It rewires irisurtrs to disdese-arty�alaplicable pre:Riiurn c'haraes ;Ynd t'he
fedetal-shdi eV bdmpehsafion: We are rrs'akti these discIasureS ire sfftidt bdrhpt afrt*With tb6 Abt.
Dist re x�f.�vailability of Coverage t�►r Cerro am Lris�s s
Gri`ve*e for-losses resulting,frorn "certified acts of terrorism" is tieing made availabte'to you on terms; amounts,
and'iimitat rens generally:applicdbls to lasses resulting fromperils tither Mier, acts of terrorism'.
Qisclosu're of F6deral Share of Corrrpensation for Terrorism Lasses
The federal government Will pay a 90-0/c share of an irrsttrer"s terrorism losses bnc6 the insurar teas satisfied a
sign ffi can't :.aggregate annual deduc6tO. For teh-66sifn losses occurring in 2002, that deductible is 1% of the
insirror`s 2061 direct earned "prerrCtu:rn. For losses occurring in 2bO, 2OD4 and 2the annual insurer,
ded> tlble .are 71%, 10 ' And 166% of the.prior year's direct. earned:premium., rpspediively. Tfre Act provides that
neither lasurers-near the faderal government are responsible for losses associated•with"certified acts'of terrorisrn'�
ercce aggregate annual insured tosses exceed $100 till+art.
Dir lo.sure of Terrorism Insurance Prerniurn
'dour Bond premium charge for 'certified accts of terrorism" coverage is S 0.
S`P M 37 (Ed. 110,2) Page 1 of 1 Printed in U.S.A.