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HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-669 C,, 17 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY,CALIFORNIA Adopted this Resolution on November 4, 2043,by the following vote: AYES: SUPERVISORS GIOIA, UILKEMA, GREENBERG, GLOVER and DESAULNIER NOES: NONE ABSENT: NONE ABSTAIN: NONE RESOLUTION NO, 2003/669 SUBJECT: Approve the Drainage Improvement Agreement DA 0025(cross reference Sub 8507) for Windemere Water Quality Ponds 7 & 8, being developed by Windemere BLC Land Company, L.L.C., San Ramon(Dougherty Valley) area. (District III) The following document was presented for Board approval this date for Windemere Water Quality Ponds 7 & 8,drainage acceptance file DA 0025(cross reference Sub 8507),property located in the San Ramon(Dougherty Valley) area, Supervisorial District III. A drainage improvement agreement with Windemere BLC Land Company,L.L.C.,principal, whereby said principal agrees to complete all improvements, as required in said drainage improvement agreement,within one year from the date of said agreement.Improvements generally consist of drainage improvements. Said document was accompanied by security to guarantee the completion of drainage improvements, as required by Title 9 of the County Ordinance Cade, as follows: I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date Originator:Public works(@S) Shown. Contact: Teri Pie(313-2363) JC:gpp 0:\G4pbat"n&five\BO\2003111.4-031DA 25 BO-20.doe 2003 cc: Pubic Works- T.Bell,Construction ATTESTED: T--August 7,2i 04 may'Eng seri. JOHN SWEETEN]-,Clerk of the Board of Supervisors and County Windemere BLC Land Company,L.L-C. Brian Olin Administrator 3130 Crow Canyon Place,#310 San Ramon,CA 94583 - Travelers Casualty&Surety Company of America Nanette Mariella-Mayers 9325 Sky Park Court,Ste.220 B ,Deputy San Diego,CA 92123 RESOLUTION NO.2003/669 SUBJECT: Approve the Drainage Improvement Agreement DA 0025(cross reference Sub 8507) for Windemere Water Quality Ponds 7 & 8, being developed by Windemere BLC Land Company, L.L.C., San Ramon(Dougherty Valley) area. (District III) DATE: November 4, 2003 PAGE: 2 I. Cash Bond Performance Amount: $6,570.00 Auditor's Deposit Permit No. DP410840 Date: August 26, 2003 Submitted by: Windemere BLC Land Company, L.L.C. Taxpayer identification number: 94-329-15-16 H. Surety Bond Bond Company: Travelers Casualty and Surety Company of America Bond Number and Date: 104125089 August 13, 2003 Performance Amount: $650,430.00 Labor&Materials Amount: $328,500.00 Principal: Windemere BLC Land Company, L.L.C. NOW, THEREFORE, IT IS RESOLVED that said drainage improvement agreement is APPROVED. All deposit permits are on file with the Public Works Department. RESOLUTI0N 2003/669 COUNTY OF CONTRA COSTA DEPOSIT PERMIT aJ j OFFICE OF COUNTY AUDITOR-CONTROLLER TO THE TREASURER: MARTINEZ,CALIFORNIA Ilk RECEIVED FROM .. ri .. ORGANIZATION NUMBER_ 415 (For Cash Collection Procedures no County Administrator's Bulletin 105.) DESCRIPTION FUND/ORG �CB, TASK OPTION ACTIVITY AMOUNT sl01 r 3, 3 V6 JO 9&60 REV 446.67 166 4/ EXPLANATION: TOTAL $ I t�2DEPOSIT qI fi . Deposit consists of the following iter / 4 COIN and CURRENCY $�_ .0.S.METC. $J Ji - C.� BANK DEPOSITS $ / FO I(AUDITOR-CCN*ITROLLER USE ONLY DEPOSIT t.. r,. PERMITb" 7"i.J L� ! NUMBER DP DATE TSIGNED tt V`f The amount.of money described above is for 's'rac 'p obb&arnwq isd. Receipt of above amount is hereby deposit into the County Treasury acknow6d d Sigma d. Titl &- c1v_— +rt oi14P,*XT. 5-7-34, Deputy.County Auditor SigneDeputy County Tn*asurer -34 REV.(7-93) '` COUNTY OF CONTRA COSTA DEPOSIT PERMIT OFFICE OF COUNTY AUDITOR-CONTROLLER' TO THE TREASURER: MARTINEZ,CALIFORNIA , RECEIVED FROM ORGANIZATION NUMBER_ r WO K (For Cash Collection Procedures we County Administrotor's Bulletin 105.) DESCRIPTIONFUND/CIRC. AC�C�T TASK TION ACTNITY AMOUNT . . t i t r t t 1 t r r 1 1 i 1 1 1 t t 1 t f i 1 1 1 '1 i I It tit L_j L . . . . . . . . 1 EXPLANATION: TOTALS t DEPOSIT 1 Deponit consists of the fol ng iterns CONN curd CURRENCY $ CHECKS,Ma ETC. $ BANK DEPOSITS $ FOR AUDITOR-CONTROLLER USE ONLY DEPOSIT PERMIT - NUMBER DATE , ! ASSIGNED The amount of money described above is for T uror's receipt of abAve amount is approved Receipt of above amount is hereby into the County Treasury. aclmoe.etadr�eei / Date Deputy County Auditor Deputy County Treasurer s-34 REV.(7-93) `y. 819800-0800: 61120595, $1,300.00, DG0019, Landscape Improvement Cash Bond, Phase III Main Branch Alamo Creek, Windemere RLC LLC, 3130 Crow Canyon PI #310,.San Ramon,CA94583 819800-0800: G1120615, $5,000.00 Flood Control Permit. 623-03, Cash Bond, City of Brentwood, 708 Third 5t., Brentwood, CA 94513 819800-0800: G1120616, $2,700.00 DG0015, Windemere II Water Quality Pond 6, Cash Performance Bond (civil), Windemere BLC LLC, 3130 Crow Canyon PI #310, San Ramon,CA94583 819800,.0800: G1120618;< ,570:-00; DC-0025, Windemere'- II `=Water Quality-Ponds 7,6 ,=Cash Performance°:Bond;;(c,ivil), Windemere KC LLC; 3130 Crow Canyon P1.##310; San Ramon;CA.9458 . 0649-9665 / 831000: G1120594, $9.900.00, DG0021, Windemere Phase IV Outfall, Drainage Improvement Plan ReviewDeposit, Windemere BLC LLC, 3130 Crow Canyon PI #310, San Ramon,CA94583 0649-9665 / 831000: G1120596, $10,950.00, DG0019, Phase III Main Branch Alamo Creek, Landscape Improvement Inspection, Windemere BLC LLC, 3130 Crow Canyon PI #310, San Ramon,CA94583 0649-9665 / 831000: G1120597, $8,000.00, DG0019, Phase III Main Branch Alamo Creek, Additional Civil Improvement Plan Review (drainage) Deposit Windemere BLC LLC, 3130 Crow Canyon P) #310, San Ramon,CA94583 0649-9665 / 831000: G1120598: $1.000.00,LP98-2054, COA Compliance, Check Deposit- No Improvement, Robert D. Herrenhuhi, 816 Port Chicago Hwy, Bay Point, CA 94565 0649-9665 / 831000: G1120600, $96,900.00, Sub 8571, Major Sub Inspection Deposit, Hoffman land Development, Co, 1380 Galaxy Way, Concord, CA 94520 0649-9665 / 831000: G1120601,$146.231.00, Sub 8572, Major Sub Inspection Deposit, Hoffman land Development, Co, 1380 Galaxy Way, Concord, CA 94520 0649-9665 I 831000: G1120602, $402.23, MS3-00; Construction Inspection Deposit, Gene R. Schmidt, Inc. 940 Relieze Station Lane, Lafayette, CA 94549 0649-9665 / 831000: G1120608, $84.38, RS2657, Additional Rec. of Survey Checking Fee, job 00-213, Bay Area Land Surveying, 1828 Bonita Rd., San Pablo, CA 94806 0649-9665 / 831000: G1120604, $500.00, RS2822, Record of Survey Deposit, job 99-162, Jay L. Harpers, 1539 Fourth St., San Raphael, CA 94901 0649-9665 / 831000: 61120605 $500.00, R52821, Record of- Survey Deposit, job 200244, Clyde Miles Construction, 2201 Harbor ST. ##E, Pittsburg, CA 94565 0649-9665 / 831000: G1120606, $500.00, RS2820, Record of Survey Deposit, job 03172.03250, DeBolt Civil Engineering, 811 San Ramon Valley Blvd. Danville, CA 94526 0649-9665 / 831000: 61120607, $5,486.00, M598-1, Improvement Plan Check Deposit, David & Denise Fisher, 4050 Stone Valley Maks Dr., Alamo, CA 94507 0649-9665 / 831000: 61120608, $33,020.00, RA1128, Road Acceptance Inspection Deposit, Hoffman land Development, Co, 1380 Galaxy Way, Concord, CA 94520 0649-9665 / 831000: 61120611, $50.000.00, Sub 8638, Inspection Fee Deposit, Shapell Industries of No Cal, 100 N. Milpitas, Blvd, Milpitas, CA 95035 0649-9665 / 831000: 61120612, $15,000.00,DA0027, Plan Review, Shapell Industries of No Cal, 100 N. Milpitas, Blvd, Milpitas, CA 95035 0649-9665 / 831000: 61120613, $500.00, RA1122 (DSRSD Dump), Map Check Shapell Industries of. No Cal, 100 N. Milpitas, Blvd, Milpitas, CA 95035 0649-9665 / 831000: 61120614, $1,400.00, Flood Control Permit 623-03, Cash Deposit, City of Brentwood, 708 Third St., Brentwood, CA 94513 0649-9665 / 831000: 61120617, $15,650.00, DG0015, Drainage Improvement Inspection Deposit, Windemere II Water Quality Pond 6, Windemere BLC LLC, 3130 Crow Canyon Pi #310, San Ramon,CA94583 0649-9665 / 831000: 61120619, $33,070.00, D60025, Drainage Improvement Inspection Deposit, Windemere II Water Quality Pond 7&8, Windemere BLC LLC, 3130 Crow Canyon PI #310, San Ramon,CA94583 Development N o.- - ;pA.0 5 jC -&fSL38 8507} Baud: 104125089 Premium. $4,553.00 M'ROVEMENT SECLMITY BOND FCR DRAINAGE M'ROVEMENT AGREEMENT (faithful performance &maintenance,AM labor and materials) W` ,ss Priwipel,aril Travelers Casualty and surety ggmpmy of America , a corporation organized and existing under the laws of the State Of Mr►r3C±j r-n3f' and organized and existing under the laws of the State of Californua,as Surety,hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns to the 'County of Contra Costa, California to pay it; A. Faithful Performance, & Malutensuce. SiS H t,nt,M4fift IhOMM4 Four UMQdred Thirty and + 4t I Off,Dollars QQ—)for itself or any city-assignee under the below-cited Drainage Improvement Agreement,plus B. Labor& Materiab.- Three HMOd=d jw Thousand FivesgW=d and 00/100 Dollars t 7 for the benefit of moons protected under Title 15 §et seq.of the California Civil Code. 2. gF&ITAL OF+CONTR&CT: The principal contracted with the County to install and pay for drainage and other improvements in (SUB 8507) DA 0025 , as specified in the Drainage Improvements Agreement,and to complete said work within the time specified in the Drainage improvement Agreement for completion, all in accordance with State and local laws and rulings thereunder in order to satisfy the conditions of approval for SUB 950Z Winn-d–me-re-Phasc 11 3. CONDMON. If the principal faithfully`performs all things required according to ft terns and conditions of said contract and improvement plant and improvements agreed on by the principal and the County,then this obligation as to Section 1-(A) above shall become null and void, except that the guarantee of maintenance continues for the one-year period;and if principal fully pays the contractors,subcontractors, and persons renting equipment or furnishing,labor or materials to thein for said work and improvemtnt,and protects the premises from claims of such liens,there this obligation as to Section 1-(B)above shall become nuia and void, otherwise this obligation remains in full force and effect. No ed ieration'of said contract or any plans or specifications of said work agreed to by the Principal and the county shall relieve any surety from liability on this bond; and consent is hereby given to make such o.I7;rawions without further notice to or consent by Surety, and the Surety hereby waives the provision of C.tliforaia Civil Code § 2819, and holds itself bound without regard to and independently of any action against Principal whenever taken,and agrees that if County sizes on this bond, Surety will pay reasonable attorney fees fixed by court to be taxed as costs and included in the judgement. 3. CQDJP toy: A. file Condition of this obligation as to Section 2.(A) above is such that if the above bounded Principal,his or its heirs, executors,administrators, successors or assigns, shall in all things stand to and abide by,and well and truly keep and perform the covenarnts,conditions and provisions in the said agreement and any alteration thereof made as therein provided,on is 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 Corton Costa (or city assigner),its officers,agents and employees,as therein stipulated,then this obligation shall become null and void;otherwise it shall be and remain in full force and effect. As part of the obligation secured hereby and in addition to the face amount specified therefore,there shall be included costs and reasonable expenses and fees, including reasonable anon 's fees, incurred by County (or city assignee) in successfully enforcing such obligation, all to be taxed 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 corpoaratc surety arc held firmly bound unto the County of Centra Cost: and all contractors,subcontractors,laborers,material mart and other persons employed in the performance of the aforesaid agreement and ref ed to in the aforesaid Civil Code for materials furnished or labor thereon of any kind,or for amounts due under time Unrmploymrment Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount herein above set forth, and also in case suit is brought upon this bond, will pay, in addition to the fact amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by County(or city assignee)in successfully enforcing such obligation,to be awarded and fixed by the court,and to be taxed as costs and to be included in the judgement therein rendered. It is hereby expnlssly stipulated and agreed that this bond shall inure to the benefit of any and all pons.companies and corporations entitled to file claims under Title 1.5(commencing with Section 3082)of Part 4 of Division 3 of ft Civil Cotte,so as to give a right of action to theta or their assigns in any suit brought upon this bond. Should the condition of this bond be My performed then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. C. No alteration of said subdivision agreement or any plan or specification of said work agreed to by The Principal and the County shall relieve any Surety from liability on this booed; and consent is hereby given to make such aheration without further notice to or consent by Surety;and the Surety hereby waives the provisions of California Civil Code Section 2819,and holds itself bound without regard to and ride y of any action against Principal whenever taken. UM SEAT. on A t 13, 2003 ji L LC Travelers Casualty and Surety encIts ., SUltI TY B 8 of 'Am ca taw Y AddrCss b:9 in 3 Nanette Mariel —i , tornev Fact Address �R, Suite 220 San Ramon, CA 94,583 Saar biego, CA. 92123 =WV CZR+O§+ .C*Wm.%Brawc1RDtist+.tagoe ACV Aux"12,=0 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT State of California County of Orange On August 14, 2003 before me, Gordon J.. Peterson, personally appeared Lawrence H. Thompson, personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacities, and that by his signatures on the instrument the person or the entities upon. behalf of which the person acted, executed the instrument. r'j CORDON J.PETERSON Witness my and and official seal. Commission 81335380 Notary Public-California Orange County OMYConn.EWhN Dec 17,2005 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 SIGNER IS REPRESENTING: Corporate Officer—Vice President Lennar Homes of California. Inc. DESCRIPTON OF ATTACHED DOCUMENT Type of Document: Surety Bond No. 104125089 Number of Pages: Two 2 Date of Document: _August 13, 2003 Signers (other than those named above): Nanette Mariella-Myers CALIFORNIA ALL-PURPOSE Ar 1OWLEDGMENT No.5907 State of California County of Orange On 8/13/03 before me, Jane Kepner,Notary Public DATE NAME,TITLE OF OFFICER-E.G.,"JANE DOE,NOTARY PUBLIC personally appeared Nanette Mariella-Myers , NAME(S)OF SIGNERS) ® 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 JANE KEPNER behalf of which the person(s) acted, executed the instrument. r, = COMM.#1317519 ' NOTARY PUBUC•CAUFORNIA ORANGE COUNTY Comm.Exp.AUG.11,2005 WITNESS my hand and official seal. SIGNATURE OF NdTARY 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) El PARTNER(S) LIMITED © GENERAL Z ATTORNEY-IN-FACT El 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-4087/GEEF 2/98 01693 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O.Box 7184•Canoga Park,CA 91308-7184 TRAVELEf ASUALTY AND SURETY COMPANY OF A9 ',ICA TRA.&LERS CASUALTY AND SURETY COMPANI FARMINGTON CASUALTY COMPANY Hartford,CopnFcticut 061$3-9052 POWER OF ATTORNEY AND CERTIFICATE OF AUTHORITY OF ATTORNEY(S)-IN-FACT KNOW ALL PERSONS BY THESE PRESENTS, THAT TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, TRAVELERS CASUALTY AND SURETY COMPANY and FARMINGTON CASUALTY COMPANY, corporations duly organized under the laws of the State of Connecticut, and having their principal offices in the City of Hartford, County of Hartford, State of Connecticut, (hereinafter the "Companies") hath made, constituted and appointed, and do by these presents make, constitute and appoint: James A. Schaller, Jeri Apodaca, Linda Enright, Mike Parizino, Nanette Marielia- Myers, Rhonda C. Abel, Stanley C. Lynn, Patricia H. Brebner, Aleids H. Bryan, Leigh McDonough, of Irvine, California, their true and lawful Attorney(s)-in-Fact, with full power and authority hereby conferred to sign, execute and acknowledge, at any place within the United States, the following instrument(s): by his/her sole signature and act, any and all bonds, recognizances, contracts of indemnity, and other writings obligatory in the nature of a bond,recognizance,or conditional undertaking and any and all consents incident thereto and to bind the Companies, thereby as fully and to the same extent as if the same were signed by the duly authorized officers of the Companies, and all the acts of said Attorneys)-in Fact, pursuant to the authority herein given, are hereby ratified and confirmed. This appointment is made under and by authority of the following Standing Resolutions of said Companies, which Resolutions are now in frill force and effect: VOTED: That the Chairman,the President,any Vice Chairman,any Executive Vice President,any Senior Vice President,any Vice president,any Second Vice President,the Treasurer,any Assistant Treasurer,the Corporate Secretary or any Assistant Secretary may appoint A ppo ttorneys-in•Fact and Agents to act for and on behalf of the company and may give such appointee such authority as his or her certificate of authority may prescribe to sign with the Company's name and seal with the Company's seal bonds,recognizances,contracts of indemnity,and other writings obligatory in the nature of a bond,recognize=,or conditional undertaking,and any of said officers or the Board of Directors at any time may remove any such appointee and revoke the power given him or her. VOTED: That the Chairman,the President,any Vice Chairman,any Executive Vice President,any Senior Vice President or any Vice President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company,provided that each such delegation is in writing and a copy thereof is fried in the office of the Secretary. VOTED: That any bond, r000pizance, contract of indemnity, or writing obligatory in the nature of e undertaking all be valid and binding upon the Company when(a)signed by the President,any Vice Chairman, Executive shVice President,any Senior Vice President or any Vice:President, any Second Vice President,the Treasurer,any Assistant Treasurer, the Corporate Secretary or any Assistant Secretary and duly aftested and sealed with the Company's seal by a Secretary or Amstant Secretary,or(b)duly executed(under seal,if required)by one or more Attorneys-in-Fact and Agents pursuant to the power prescribed in his or her certificate or their certificates of authority or by cart or more ConVany officers pursuant to a written delegation of authority. This Power of Attorney and Certificate of Authority is signed and sealed by facsimile(mechanical or printed)under and by authority of the following Standing Resolution voted by the Boards of Directors of TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, TRAVELERS CASUALTY AND SURETY COMPANY and FARMINGTON CASUALTY COMPANY,which Resolution is now in hull force and effect: VOTED: That the signature of each of the following officers: President, any Executive Vice President, any Senior Vice President, any Vice President,any Assistant Vice President, any Secretary,any Assistant Secretary,and the seal of the Company may be affixed by facsimile to any power of attorney or to any certificate relating thereto appointing Resident Vice.Presidents,Resident Assistant Secretaries or Attorneys-in-Fact for only of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof;and any such power of attorney or ceetificatte bearing such bcsimile signature or&=mile seal shall be valid and binding upon the Company and any such power so executed and certifier/by such&csmflc signature and facsimile seat shall be valid and binding upon the Company in the Aiture with respect to any bond or undertaking to which it is (11.00 Standard) Uosuetior•Hi Pom e • , tt Aq tool r ' -� �. &I S� Jvj ell 0Oz, ��!s•ioxep '�/ sup mva `inowowoojo mms`Pjo3inwo At)mp ur`suedwoo oqt io mwo ouxoH aqt aoaol ur Mou a]e'ftuoxpnV;o ateot moo m ur'quo; jos se `sxotoaxra;o sPSeoflIi;o suonnios'M SurpueiS aqi tragi `aaotxxiaquxti pue 1pao,►01 uaaq jou seq pine arcol iii ur s"ur'euol fluogtnV 3o oteogruao pus AawaaVjo aomod pogmug pue Sur08010; attt imp Aam—dm AMgH OQ `tnortaMOO 3o dins m ;o suopmodioo s'AWd3VO3 AL'IVIISV:)MO,L`3MINII A Pug ANVdArO:►A.LMMS(INV AZ'IVASVO S8'd'IRA.VXL 'VOIIIjKv d0 )LXVd oa AjtMMS (INV A.LplvagVa SIIrIgA,VILL ;o Aiming IusIsistV `paalsiapun olp °T rZI.VOULLwaa Untswla l'O+spe W ollgnd AJe1ON 90OZ `OE eunr selldxe uolsslwwoo XW ;ioajM suognjosaW SuiptmS otic xopun**Wo saq/srq;o f4uotpnv Aq suopuxodioo otic;o 3letoq uo iummi m pm mp pwwxo MJoq imp Pug'Sim atWodxoo guns axe tu*umxml Pres mp of paw scam atp IM'suoninodm pies JD sisal MU Mouai VOM IM`luouMIM*Aoqy3 aqt PCn= o IpIgA&PUB ur Muomp suoumodwo M `AWdKO:) A.L'IVIIW3 XOJ.!)M wgVjl Puv x►SI JHOD )UMS QW x,L'IVnSV:) 987MVU 'V3IIIMY 40 AKVMgOD MAIMS(MV x.L'IVaSY0 SIMZAVQL JO I=Piswd a31A JOTWS Sr mVpq tett As ptm osodop PIP'XuOA&s AM aux Aq Suraq`oq*k`umomi aux of XOSdT+NO]U 'M ggHojJ ouxeo drieuosaod aux wopq£OOZ 'Sim(p3Io hP SOI sm. u0 IuuPISISM eNAJOIu9g uosdwO4JL 9iftosO Aid IMAM (MOALUVR IO AIMOO AVdKOa,cxWfLWa)14019NUtW,a p.OjmH•ss( Y;3ramw A0"Vcmo:))Uzxas qNv)u ffaSV:3 S'2ISMUVR, ,LClt3T. MMOO 3O ILVIS £OOZ fjmqod 30 hep gtOi srtp pare otonq oq of spas ateaodxoo xrotp pue Iuapisatd aaiA xoivaS xrogt Aq pouSrs aq M tuauxtuVui sM, MUM aneq AMVdIitOJ X,L VIISVD MOSONQINUVA Puv AXVdtAtOD AJLZHfIS QMV b.L'IVCISVD WTIZAVRI. 'VZ)IHXWV 90 AKVdKO:) X.LRMS (INV )UrIVIlSVD SIHRrIRVRL 1038ZHM SSUMM. NJ Iravelers IMPORTANT DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE On November 20, 2002, President Bush signed into law the Terrorism Risk Insurance Act of 2002 (the "Act"). The Act establishes a short-term program under which the Federal Government will sham in the payment of covered losses caused by certain acts of international terrorism. We are providing you with this notice to inform you of the key features of the Act, and to let you know what effect, if any, the Act will have on your premium. Under the Act, insurers are required to provide coverage for certain losses caused by international acts of terrorism as defined in the Act. The Act further provides that the Federal Government will pay a share of such losses. Specifically, the Federal Government will pay 90% of the amount of covered losses caused by certain acts of terrorism which is in excess of Travelers' statutorily established deductible for that year. The Act also caps the amount of terrorism-related losses for which the Federal Government or an insurer can be responsible at $100,000,000,000.00, provided that the insurer has met its deductible. Please note that passage of the Act does not result in any change in coverage under the attached policy or bond (or the policy or bond being quoted). Please also note that no separate additional premium charge has been made for the terrorism coverage required by the Act. The premium charge that is allocable to such coverage is inseparable from and imbedded in your overall premium, and is no more than one percent of your premium.