HomeMy WebLinkAboutTroy Estates - ROW Bond (2)SUBDIVISION BOND
Bond No.: CMS0340440 Principal Amount: $155,622.00
KNOW ALL MEN BY THESE PRESENTS, that we Lennar Homes of Indiana, Inc.,
11555 N_Meridian Street, Suite 400, Carmel, IN 46032 as Principal, and RLI Insurance
Company, 9025 N. Lindbergh Dr., Peoria, IL 61615 an Illinois Corporation, as Surety,
are held and firmly bound onto City of Carmel, One Civic Square, Carmel, IN 46032, as
Obligee, in the penal sum of One hundred fifty five thousand six hundred twenty two and
00/100 (Dollars) ($155,622.00), lawful money of the United States of America, for the
payment of which will and truly to be made, we bind ourselves, our heirs, executors,
administrators, successors, and assigns, jointly and severally, firmly by these presents.
WHEREAS, Lennar Homes of Indiana, Inc. has agreed to construct in Troy Estates, in
Carmel, IN the following improvements:
ROW Improvements
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if
the said Principal shall construct, or have constructed, the improvement herein described,
and shall save the Obligee harmless from any loss, cost or damage by reason of its failure
to complete said work, then this obligation shall be null and void, otherwise to remain in
full force and effect until released by the Obligee, and the Surety, upon receipt of a
resolution of the Obligee indicating that the improvements have not been installed or
completed per the requirement of the Obligee, will complete the improvements or pay to
the Obligee such amount up to the Principal amount of this bond which will allow the
Obligee to complete the improvements.
Upon approval by the Obligee, this instrument may be proportionately reduced as
the public improvements are completed, but only by doing a rider to this original bond.
Signed, sealed and dated, this 4th day of November, 2020.
Lennar Homes of Indiana, Inc., a Deiawae_corporation RLI Insurance_ Company_
P i cipal Surety
By: By:
#and itle: 6/to Name an Title: Mary Mn Garcia. Attomey—in-fut
POWER OF ATTORNEY
RLI Insurance Company
Contractors Bonding and Insurance Company
9025 N. Lindbergh Dr. Peoria, IL 61615
Phone: 800-645-2402 Bond No. CMS0340440
Know All Men by These Presents:
That this Power of Attorney is not valid or in effect unless attached to the bond which it authorizes, but may be detached by the
approving officer if desired.
That this Power of Attorney may be effective and given to either or both of RLI Insurance Company and Contractors Bonding and
Insurance Company, required for the applicable bond.
That RLI Insurance Company and/or Contractors Bonding and Insurance Company, each Illinois corporations (as applicable),
each authorized and licensed to do business in all states and the District of Columbia do hereby make, constitute and appoint:
Mary Ann Garcia in the City of Houston , State of Texas
it's true and lawful Agent and Attorney in Fact, with full power and authority hereby conferred upon him/her to sign, execute,
acknowledge and deliver for and on its behalf as Surety, in general, any and all bonds and undertakings in an amount not to exceed
Twenty Five Million Dollars ($25,000,000) for any single obligation, and specifically for the following described bond.
Principal:
Obligee:
Lennar Homes of Indiana, Inc.
City of Carmel
RLI Insurance Company and Contractors Bonding and Insurance Company, as applicable, have each further certified that the
following is a true and exact copy of a Resolution adopted by the Board of Directors of each such corporation, and now in force,
to -wit:
` "All bonds, policies, undertakings, Powers of Attorney or other obligations of the Corporation shall be executed in the
corporate name of the Corporation by the President, Secretary, any Assistant Secretary, Treasurer, or any Vice President,
or by such other officers as the Board of Directors may authorize. The President, any Vice President, Secretary, any
Assistant Secretary, or the Treasurer may appoint Attorneys in Fact or Agents who shall have authority to issue bonds,
policies or undertakings in the name of the Corporation. The corporate seal is not necessary for the validity of any bonds,
policies, undertakings, Powers of Attorney or other obligations of the Corporation. The signature of any such officer and
the corporate seal may be printed by facsimile or other electronic image."
IN WITNESS WHEREOF, RLI Insurance Company and/or Contractors Bonding and Insurance Company, as applicable, have
caused these presents to be executed by its respective Vice President with its corporate seal affixed this 4th day of
November 2020
State of Illinois
County of Peoria
.
SEAL.
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- PVC—. �•'*•:,. c
-. SEAL
On this 411 day of November 2020 , before me, a Notary
rto Public_ personally appeared Baw W_ Davis who
being by me duly sworn, acknowledged that he signed the above Power of
Attorney as the aforesaid officer of the RLI Insurance Company and/or
Contractors Bonding and Insurance Company, and acknowledged said
instrument to a voluntary act and deed of said corporation.
By: aa_
Jacque ine M. Boc cr Notary Public
OFFICIAL SEAL
JACOUELINE M BOCKLER
NOTARY PUBLIC, STATE OF ILLINOIS
MY COMMISSION EXPIRES JAN 14 2W
RLI Insurance Company
Contractors Bonding and Insurance Company
Barton W. Davis Vice President
CERTIFICATE
I, the undersigned officer of RLI Insurance Company and/or
Contractors Bonding and Insurance Company, do hereby certify
that the attached Power of Attorney is in full force and effect and is
irrevocable; and furthermore, that the Resolution of the Company as
set forth in the Power of Attorney, is now in force. In testimony
whereof, I have hereunto set my hand and the seal of the RLI
Insurance Company and/or Contractors Bonding and Insurance
Company this 4th day of November 2020
RLI Insurance Company
Contractors Bonding and Insurance Company
By: r.J
Jeffrey D✓,pic]J V U 4j Corporate Secretary
A00AID19