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HomeMy WebLinkAboutMINUTES - 05092006 - C.8 *U TO: BOARD OF SUPERVISORS =� `� ontra FROM: MAURICE M. SHIU' o?PUBLIC WORKS DIRECTOR ?s Costa DATE: May 9, 2006 13o STq coiix't't County SUBJECT: Approving Subdivision Agreement(Right of Way Landscaping) for RA 04-01170 (cross- reference Subdivision 03-08509), Inc., San Ramon (Dougherty Valley) area. (District III) SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION(S): ADOPT Resolution No. 2006/ 0 for, RA 04-01170, approving Subdivision Agreement (Right of Way Landscaping), for project being developed by Lennar Homes of California, Inc., San Ramon (Dougherty Valley) area. (District III) FISCAL IMPACT: None. BACKGROUND/REASON(S) FOR RECOMMENDATION(S): RA 04-01170 has been reviewed and processed by Public Works staff and meets all applicable conditions of approval regarding landscape improvements. CONSEQUENCES OF NEGATIVE ACTION: The Subdivision Agreement (Right of Wa1y Landscaping) will not be approved. Continued on Attachment:_✓ SIGNATURE: >� _ ECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE 7YpPROVE OTHER SIGNATURES ACTION OF BO?7 ON O APPROVED AS RECOMMENDED OTHER VOT OF SUPERVISORS I hereby certify that this is a true and correct UNANIMOUS(ABSENT ' copy of an action taken and entered on the AYES: NOES: minutes of the Board of Supervisors on the ABSENT: ABSTAIN: date shown. TR:kg G:\GrpData\EngSvc\BO\2006\05-09\RA 04-01170 BO-16.doc Originator: Public Works(ES) ATTESTED: G Contact: T.Rie(313-2363) JOHN CULLEN erk of the Board of cc: Public Works- Construction � Current Planning,Community Development Supervisors and County Administrator T—March 9,2007(P 1) Lennar Homes of California,Inc. 25 Enterprise Aliso Viejo,CA 92656 ATTN: David Evans By Deputy Safeco Insurance Company of America 330 North Brand Blvd.,Suite 1000 Glendale,CA 91203 ATTN: Patricia H.Brebner I THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on May 9, 2006 by the following vote: AYES: U ema ilk Pie Ito DeSaultier, Glover and Gioia P NOES: None ABSENT: Note ABSTAIN: None + RESOLUTION NO. 2006/ SUBJECT: Approving Subdivision Agreement (Right of Way Landscaping) for RA 04-01170 (cross-reference Subdivision 03-08509), San Ramon (Dougherty Valley) area. (District III) The following document was presented for Board approval this date for RA 04-01170 (cross-reference Subdivision 03-08509), located in the San Ramon(Dougherty Valley) area. A Subdivision Agreement(Right of Way Landscaping)with Lennar Homes of California, Inc., developer, whereby said developer agrees to complete all improvements as required in said Subdivision Agreement (Right of Way Landscaping) within two year(s) from the date of said agreement. Improvements generally consist of landscaping. Said document was accompanied by the following: Security to guarantee the completion of right of way landscaping as required by Title 8 and 9 of the County Ordinance Code, as follows: I. Cash Deposit Deposit Amount: $1,000.00 Deposit made by: Greystone Homes, Inc. (for Lennar Homes) Auditor's Deposit Permit No. and Date: 436762 December 28, 2004 TR:kg I hereby certify that this is a true and correct copy of an G:\GrpData\EngSvc\BO\2006\05-09\RA 04-01170 BO-16.doc Originator: Public Works(ES) action taken and entered on the minutes of the Board of Contact: T.Ric(313-2363) Supervisors on the date shown. cc: Public Works- Construction Current Planning,Community Development T—March 9,2007(P 1) ATTESTED: Lennar Homes of California,Inc. 25 Enterprise JOHN CULLEN, CVrk of the Board of Supervisors and Aliso Viejo,CA 92656 County Administrator ATTN: David Evans Safeco Insurance Company of America 330 North Brand Blvd.,Suite 1000 Glendale,CA 91203 ATTN: Patricia H.Brebner By _,Deputy RESOLUTION NO.2006/ SUBJECT: Approving Subdivision Agreement (Right of Way Landscaping) for RA 04-01170 (cross-reference Subdivision 03-08509), San Ramon (Dougherty Valley) area. (District III) DATE: May 9, 2006 PAGE: 2 II. Surety Bond Bond Company: Safeco Insurance Company of America Bond Number and Date: 6311562 December 22, 2004 Performance Amount: $45,800.00 Labor&Materials Amount: $23,400.00 Principal: Lennar Homes of California, Inc., a California Corporation NOW THEREFORE BE IT RESOLVED that said Subdivision Agreement(Right of Way Landscaping) is APPROVED. All deposit permits are on file with the Public Works Department. RESOLUTION NO. 200614 SUBDIVISION AGREEMENT 'g (Right of Way Landscaping) O overnment Code §66462 and §66463) Subdivision: RA 1170 (cross-ref SUB 8509) Effective Date: �r Subdivider: Lennar Homes of California, I C. Completion Period: )(year THESE SIGNATURES ATTEST TO THE PARTIES'AGREEMENT HERETO: CONTRA COSTA COUNTY SUBDIVIDER: Maurice M. Shiu, Public Works Director By: W 1 (signature) / (print name&title) RECOMMENDED FOR APPR By: (signature) VVjzK7/4(I I Engineering Servicesnor isio (print name&title) a, Sal FORM APPROVED: J. Westman, County Counsel (NOTE:All signsurf es lb`be c nowleIf Subdivider is incorporated, signatures must conform with the dent ated representative groups pursuant to Corporations Code§313.) 1. PARTIES&DATE. Effective on the above date,the City of County of Contra Costa,California,hereinafter called"County,"and the above-mentioned Subdivider, mutually promise and agree as follows concerning this subdivision: 2. IMPROVEMENTS. Subdivider agrees to install certain road improvements (both public and private), drainage improvements, signs, street lights, fire hydrants, landscaping, and such other improvements (including appurtenant equipment) as required in the improvement plans for this subdivision as reviewed and on file with the Contra Costa County Public Works Department and in conformance with the Contra Costa County Ordinance Code(including future amendments thereto). Subdivider shall complete said work and improvements(hereinafter called"work")within the above completion period from date hereof as required by the California Subdivision Map act(Government Code§§66410 and following),in a good workmanlike manner,in accordance with accepted construction practices and in a manner equal or superior to the requirements of the County Ordinance Code and rulings made thereunder; and where there is a conflict between the improvement plans and the County Ordinance Code, the stricter requirements shall govern. 3. IMPROVEMENT SECURITY. Upon executing this Agreement,the Subdivider shall,pursuant to Government Code§66499,and the County Ordinance Code, provide as security to the County: A. For Performance and Guarante : $ 1,000.00 cash,plus additional security,in the amount of $ 45.800.00 which together total one hundred percent(100%)of the estimated cost of the work. Such additional security is presented in the form of: Cash, certified check or cashiers check. X Acceptable corporate s I rety bond. Acceptable irrevocable letter of credit. With this security,the Subdivider guarantees performance under this Agreement and maintenance of the work for one year after its completion and acceptance against any defective workmanship or materials or any unsatisfactory performance. B. For Payment: Security in the al ountof$ 23,400.00 which is fifty percent(50%)of the estimated cost of the work. Such security is presented in the form of: Cash, certified check,or cashier's check X Acceptable corporate sl rety bond. Acceptable irrevocable letter of credit. With this security,the Subdivider guarantees payment to the contractor,to his subcontractors,and to persons renting equipment or furnishing labor or materials to them or to the Subdivider. C. Upon acceptance of the work al complete by the Board of Supervisors and upon request of the Subdivider,the amount securities may be reduced in accordance with §94-4.406 and§94-4.408 of the Ordinance Code. 4. GUARANTEE AND WARRANTY OF WORK. Subdivider guarantees that said work shall be free from defects in material or workmanship and shall perform satisfactorily for a'period of one-year from and after the Board of Supervisors accepts the work as complete t CALUFO NUA ALL-PURPOSE AQ`.GSR9OWLEDGMEMY State of California A County of I.BN"CQ&- te-.7 A ss. D Z2 100 �, Yu b(iC On 2c.¢w.� ''{� before me, �'lb.leetn �Qa>�inllVo'�'�nl Date r Name and rile of Officer(e.g.,"Jane Doe.Notary P ') personally appeared t OyZ L—A R_S-,n&J Names)of Signer(s) rsonally known to me rr�� nrnvcrl r. mc_nn rho hacic of coticfa tory ewdeace to be the person whose nameQ6 is/are, subscribed to the within instrument and acknowledged to me that he/gheA49e; executed KATNLEENIE.MARTIN the same in his/4er#Heir authorized Commission'D133_ capacity(ies), and that by his/gec/iraeJr -ai Notary Public-California signatures on the instrument the person f, or Contra Costa County the entity upon behalf of which the person(.4 MYCoR+m•Expi!asl)ac8,2006 acted, executed the instrument. WIT S my hand and offici I. a > Signature of Notary Public � i l� I OPTIONAL Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent �. fraudulent removal and reattachment of this form to another document. I Description of Attached Document Title or Type of Document:SU-6aIUtSI&\ 1NqreQM•Qul.* lAkki-6 St�Qp Document Date: Number of Pages: Signer(s)Other Than Named Above: Capacity(les) Claimed by Signer Signer's Name: �� ILi 'P zsd ❑ Individual1 - t Top of thumb here orporate Officer—Title(s): �SSCS'tfluA� secra 6 Partner—❑ Limited ❑General ❑ Attorney-in-Fact ❑ Trustee ❑ Guardian or Conservator i ❑ Other: � klatro.�� Signer Is Representing: s- I o7 1, 1 0 1999 National Notary Association-9350 De Soto Ave.,P.O.Box 2402•Chatsworth,CA 91313-2402•www.nationalnotary.org Prod.No.5907 Reorder:Call Toll-Free 1-800876-6827 r O O CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT OWL(EDQaM[ENT I State of California ss. County of Cbs!'\Q-lb c05TIA f OnAe.Cepndetr 2t, 2oo!I- before me, &-t oQr% P- KdAir Nolatrh t�ablic� Date Name and Title of Officer(e.g.,.Ane Doe,Notary Pu id) IP� 1�1 Ll_ I personally appeared b � � , Name(s)of Signer(s) I 4ersonally known to me -ewdep" to be the person whose name(j) is/are KATHLEEN E.1 MARTIN subscribed to the within instrument and CommlaaionD 1333785 acknowledged to me that he/zheAWay executed @my Notary Public-Califoma the same in his/ker#L1eir authorized Contra Costa County ca acitCOMM ExpirasoacB 2005 P y�?fo and that by hirson/Na or signature(�'�on the instrument the person or the entity'upon behalf of which the person( acted, executed the instrument. WIT E S my hand and off icia a I. I 1 � f (' Signature of Notary Public �-�•�Lc•� I I OPTIONAL Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. I Description of Attached Document q I Title or Type of Document:SIb d\\- QIre6\QRik1\-1 S O J Document Date: Number of Pages: Signer(s)Other Than Named Above: Capacity(ids) Claimed by Signer Signer's Name: NLz, ❑ Individual Top of thumb here orporateOff icer—Title(s): \J \ S\ c7w ,? � RG-S%D&Q_ Partner—❑ Limited ❑General ❑ Attorney-in-Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: I" Signer Is Representing: L,$w%_0.r t��4" I I1 _ - - Q 1999 National Notary Association•9350 De Soto Ave.,P.O.Box 2402•Chatsworth,CA 91313-2402•www.nationalnotary.org Prod.No.5907 Reorder:Call Toll-Free 1-600-876-6627 COUNTY OF.CONTRA COSTA s DEPOSIT PEIRMIT. } .OFFICE OF'COUNTY AUDITOR-CONTROLLER RTINEZ,;CALIFORNIA TOx-TIDE TREASURER : RECEDED ,,-gra _.ORGANIZATION NUMBERf r' 6 Z. v, (For; 0685-9752 / 819500: G1159992; $2,465.00, Bay Point, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 0685-9752 / 819500: G1159993, $2,465.00, Bay Point, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 0685-9752 / 819500: G1159994, $83,810.00, Bay Point, OBG at Bay Point LLC Nantucket Cove, 2001 Winward Way Ste 200, San Mateo, CA 94404 828500-0800: 61159992-, $1,446.00, ECC fee, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 828500-0800: G1159993, $1,446.00, ECC fee, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 828500-0800: G1159994, $49,164.00, ECC fee, OBG at Bay Point LLC Nantucket Cove, 2001 Winward Way Ste 200, San Mateo, CA 94404 828900-0800: G1159992, $6,6 22.00,ECTIA, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 828900-0800: G11599931 $6,622.00, ECTIA, First American Title, 1355 Willow Ave., #100, Concord, CA 94520 828900-0800: 61159994, $225,148.00, ECTIA, OBG at Bay Point LLC Nantucket Cove, 2001 Winward Way Ste 200, San Mateo, CA 94404 819800-0800: G1159004, $15,000.00, Sub 8710, Cash Bond, Western Pacific Housing/ D.R. Horton, 1210 Central Blvd., Brentwood, CA 94513 819800-0800: G1159006, $1,000.00, Sub 8780, Cash Bond, Greystone Homes, Inc (for Lennar Homes) 6121 Bollinger Canyon Rd #500, San Ramon, CA 94583 819800-0800: G1159007, $1,000.00, RA 1170, Cash Bond, Greystone Homes, Inc (for Lennar Homes) 6121 Bollinger Canyon Rd #500, San Ramon, CA 94583 r// O649-9665 / 831000: 61159003, $7,249.84, RA1156, Landscape vement Plan Review, Shapell Industries of Northern CA, 100 N. as Blvd., Milpitas, CA 95035 0649-9665 / 831000: 61159005, Ponderosa Homes II, Inc., 6671 Owens Dr., Pleasanton, CA 94588 $22,634.51, Sub 8382, Major Sub Imp. Plan Review Deposit $2,750.00, Sub 8382, Mapcheck Deposit $45,427.65, Sub 8382, Major Sub Improvement Inspection Deposit 0649-9665 / 831000: 61159008, $4,240.00, RA 1170, Landscape Improvement Inspection Deposit, Greystone Homes, Inc (for Lennar Homes) 6121 Bollinger Canyon Rd #500, San Ramon, CA 94583 0649-9665 / 831000: 61159006, $8,140.00, Sub 8780, Landscape Improvement Inspection Deposit, Greystone Homes, Inc (for Lennar Homes) 6121 Bollinger Canyon Rd #500, San Ramon, CA 94583 f i i I I 7 0 0 Subdivision: RA 1170(cross-ref SUB 8509) Bond No.: 6311562 Premium: $229.00 Executed in Duplicate IMPROVEMENT SECURITY BOND FOR PUBLIC RIGHT OF WAY LANDSCAPE AGREEMENT (Performance, Guarantee, and Payment) (California Government Code Sections 66462 and 66463) 1. RECITAL Or SUBDIVISION AGREEMENT: The Principal has executed an agreement with the County to install and pay for public right of way landscaping,and other related improvements in Subdivision AZA 11.70 (cross-ref SUB 8509) as specified in the Subdivision Agreement (Right of Way Landscaping), and to complete said work within the timespecified for completion in the Subdivision Agreement(Right of Way Landscaping), all in accordance lith State and local laws and rulings thereunder in order to satisfy conditions for filing of the Final Map or Parcel Map for said Subdivision. 2. OBLIGATION Lennar Domes of California, Inc. ,asPrincipal,mid Safeco Insurance Company of America ,a corporation organized existing under the laws of the State of Washington and authorized to transact surety business in California, as Surety, hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors, and assigns to the County of Contra Costa, California to pay it: A. Performance and Guarantee: Forty Five Thousand Eight Hundred and 00/100 Dollars ($_ 457800.00 1 ) for itself or any city assignee under the above County Subdivision Agreement, plus B. Payment: Twenty Three Thousand Four Hundred and 00/100 Dollars ($ 23,400.00 ) to secure the claims to which reference is made in Title XV (commencing with Section.3082) of Part 4 of Division III of the Civil Code of the State of California. 3. CONDITION: A. The 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 covenants,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 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 full force and effect. O1 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT i State of California County of Orange On December 23, 2004 before me, Dina Prints, personally appeared David Evans, 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 capacity, and that by his signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. W' ess my hand and official seal. � mm DINA PRINTY ^r� F Commission# 1453610 Notary P-fb+ic-Calitomia • ��.,,,�`�-/" Orange County �`�'"/ M Comm.Expires Nov 28,2007 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. I I DESCRIPTON OF ATTACHED DOCUMENT Type of Document: Surety Bond No. 6311562 Number of Pages: Two (2) Date of Document: Decemb I r 22, 2004 Signers (other than those named above): Patricia H. Brebner CALIFORNIA ALL-PURPOSE AOWLEDGMENT No.6907 State of California County of Orange On December 22, 2004 bl fore me, Ashley K.Ward,Notary Public DATE I NAME,TITLE OF OFFICER-E.G.,"JANE DOE,NOTARY PUBLIC' personally appeared Patricia H.Brebner 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 ASHLEY K.WARD behalf of which the person(s) acted, executed the instrument. CommWon a 1483686 R Notory Public-Cd1forrso; Oronge County Comm.Ex hes AW 16.2008 WITNESS my hand and doofficial �se1a[[. (� SIGNATURE OF NOTARY - OPTIONAL 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 iof 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: DATE OF DOCUMENT NAME OF PERSON(S)OR ENTITY(IES) SIGNER(S)OTHER THAN NAMED ABOVE S-4067/GEEF 2/98 01993 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O.Box 7184•Canoga Park,CA 91309-7184 0 Q S A F E C cr POWER GENERAL INSURANCE COMPANY OF AMERICA GENERAL INSURANCE COMPANY OF AMERICA OF ATTORNEY HOME OFFICE: SAFECO PLAZA SEATTLE,WASHINGTON 98185 No. 9675 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each a Washington corporation,does each hereby appoint l **********RHONDA C.ABEL;JERI APODACA;PATRICIA H.BREBNER;LINDA ENRIGHT;JANE KEPNER;STANLEY C.LYNN;NANETTE MARIELLA-MYERS; MIKE PARIZINO;JAMES A.SCHALLER;ALEXIS BRYAN;LEIGH MCDONOUGH;Costa Mesa,California*******«s**•s*•.w*s••s•**•.s••••*•ww*•*•**s•s***:w••**•w•s• its true and lawful attorney(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business,and to bind the respective company thereby. I IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA have each executed and attested these presents . this 10th day of January , 2002 R.A.PIERSON,SECRETARY MIKE ML'GAVICK,PRESIDENT 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 J.the President, any Vice President,the Secretary,and any Assistant Vice President appointed for that purpose by the officer in charge of surety operations,shall each have authority to appoint individuals as attomeys4n-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 shalt not be necessary to the validity of any 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 sl cretary of the Company setting out, (i) The provisions of Article V,Section 13 of the By-Laws,and (ii) A copy of the powerof-attomey appointment,executed pursuant thereto,and (iii) Certifying that said power-of-attomey appointmentlis 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." 1,R.A.Pierson,Secretary of SAFECO INSURANCE COMPAINY 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 correct,and that both the By-Laws,the Resolution and the Power of Attorney are still in full force and effect. I IN WITNESS WHEREOF,I have hereunto set my hand and affixed the facsimile seal of said corporation this I 22nd day of December 2004 4N�CO�o9N �f COMP CORPORATE SEALS SEAL T a 1953 ,�d� WP pis or wA4M�'" of W3Sa ��` R.A.PIERSON,SECRETARY S-0974/SAEF 2/01 0 A registered trademark of SAFECO Corporation 1/10/02 PDF IMPORTANT NOTA CE::T B INR U TfJ tERS:REQARDI. I Tip TERoz� r � � r+ zoos -As,a surety band u torn r of one:c�f he� F .ensue noe;cs mt noes C F b Insurance tamparly of ,Am2nca; general fn`5uranc rrr3mpany't€Amerit; ,First N tlon i Ins irar�ce tx inpan r;:ltmet1i arf;3f t s 1n5ur :ahcsfi�i�aan3'or'Ame�ie <��onomy iri+?dranC�irbr7lt�ariy'�,rt is our:i€uty to:nafify yauthat'�he l`errortsrn:RLsk insurape.:A M 'ordo,to"stue y nsauaoc .This reaps. k at;pnde e►�i ai ums races We may.b Afigibie for re#rrjbu erftenf 0am V''bbt a 1b s s +the'f lilidd Stefe 'gi`v ni ept uptle> fcrr>tiiila ':es'�blist�by tttiB.:Aot. Under tti ?fornStil #heUnrtedtatespvernmett pays 99.96 of 100, 00caatse .by certified dcts":pfn6rim..fhat exceed.a;statufo*e b islit=d deYfaefi6le fo.be patdby the insurano.company prNding thabood TheAd atso.estabtlsb�s e.$ltil,billion cap for itie total €-ail)ores#o iie'.Raid by all,insurers fgr cerxi€ied.acf .of ferrmfift. Lasses on same ar all of y,ourl}adnd5 may be sUbjoc"t WINS bap:. This 00c+?does not mgdrfy,arry of and c©ndftris of this tion,$he:gndeCtyrn .agreemnf' Adara'ntbed by fhis;66rid,tny.statutet;g 16rhing the tertt't 6f this bond or agy..genertlty apolicable rules of law: f€hPp tt' #here is:ne prt rplam change.. 'u'ttng fr4jn tftis;het;