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HomeMy WebLinkAboutA3455 - GATTD TPM 28003 SUBDIVISION IMRPROVEMENT GATTD Ltd. 0 Subdivision Improvement Agr TPM28003 AGREEMENT #3455 CM Signed, 11-22-94 CITY' OF PALM SPRINGS SUBDIVISION IMPROVEMENT AGREEMENT I THIS AGREEMENT made and entered into th' s day of 1�l2t ,�4e/ 19 by and between GATra J t , hereinafter collectively referred to as "Subdivider" and CITY OF PALM SPRINGS, a municipal corporation of the State of California, hereinafter referred to as "CITY"; WITNESSETH: WHEREAS, Subdivider has prepared and filed a final subdivision map of No._62_S'ry0,3 in the City of Palm Springs, County of Riverside, for approval by City; and WHEREAS, Subdivider, by said map, has offered for dedication to City for public use the streets and easements shown in said map; and WHEREAS, City desires to accept the streets and easements shown on said map for public use, and certain other such improvements; and WHEREAS, as a condition precedent to the acceptance of the dedication of such streets and easements by City, Subdivider is required to enter into an agreement with the City to construct certain improvements; and WHEREAS, the total cost of such improvements has been estimated by the City Engineer to be approximately NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows: 1. Subdivider, at his; sole cost and expense, shall construct and install the street, drainage, domestic water, sanitary sewer and other improvements required to be constructed or agreed to be constructed as a condition precedent to the approval of said final map and acceptance of such streets and easements, as shown on the "Improvement Plans for 'TX O 2- C-60"3 " , a copy of which is now on file in the office of the City Engineer of the City and which is referred to and incorporated herein as though set forth in full. 2 . Subdivider shall furnish to City good and sufficient bonds executed. by a corporation authorized to transact surety business in the State of California on forms approved by City, one bond in the sum of $ M_, f53 to assure the faithful performance of this Agreement, and one bond in the sum of $_� rY ) to assure payment of the cost of the labor and materials for the improvements required to be constructed or installed hereby. Page 1 of 3 Subdivision Improvement Agreement Page 2 of 3 Both of said bonds shall be deemed exonerated upon acceptance by the City of the improvements, and the furnishing of a maintenance bond at the time of the acceptance in the amount of $ } Said maintenance bond shall remain in effect for a period of one year from date of acceptance of the improvements. 3 . Before final approval of street improvements, the Subdivider will place survey monuments in accordance with the provisions of the State Subdivision Map Act and the Subdivision Ordinance of the City of Palm Springs as shown on the Tract Map. The Subdivider, after setting the monuments, shall furnish the City Engineer of the City of Palm Springs, written notice of the setting said monuments and written proof of having paid the engineer or surveyor for the setting of said monuments, or as provided for in the Subdivision Map Act. 4. In accordance with the terms of said subdivision regulation aforesaid, the Subdivider does hereby agree too furnish a good and sufficient bond in the amount of $ / 3r� to guarantee payment of the cost of setting monuments as stated in Item No. 2 of this agreement. 5. The City Engineer or his duly authorized representative, upon written request of Subdivider, shall inspect the improvements herein agreed to be constructed and installed by Subdivider, and, if determined to be in accordance with the applicable City standards, shall recommend the acceptance of such improvements by the City. 6. Subdivider shall complete such 'improvement plans including any corrections and revisions thereto necessary to comply with the applicable City standards as determined by the City Engineer, within thirty (30) days after approval of the final map. 7 . Subdivider shall perform any changes or alterations in the construction and installation of such improvements required by City, provided that all such changes or alterations do not exceed 10 percent of the original total estimated cost of such improvements. S . Subdivider shall guarantee such improvements for a period of one year following the completion by Subdivider, and acceptance by City, against any defective work or labor done, or defective materials furnished, in the performance of this Subdivision Improvement Agreement by Subdivider and shall repair or replace any such defective work or materials discovered during said one year period. Subdivision Improvement Agreement / (� Page 3 of 3 i 9 . Subdivider shall commence �j the construction and installation of such improvements within th4-ty (,,, doss from the approval of such "Improvement Plans for 7/ay/) 2ooe2 " by the City Engineer, and shall complete such construction and installations within nine (9) months from such date of commencement. 10. In the event that Subdivider fails to perform any obligation hereunder, Subdivider authorizes City to perform such obligation twenty (20) days after mailing written Notice of Default to Subdivider at the address given below, and agrees to pay the entire cost of such performance by City. il. In the event that Subdivider fails to perform any obligation hereunder, Subdivider agrees to pay all costs and expenses incurred by City in securing performance of such obligations, including costs of suit and reasonable attorneys fees. 12 . Subdivider hereby binds itself, its executors, administrators and assigns, and agrees to indemnify, defend, and hold the City harmless from any losses, claims, demands, actions or causes of action of any nature whatsoever, arising out of or in any way connected with the improvements agreed to be constructed and installed hereunder by the Subdivider, including costs of suit and reasonable attorneys fees. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. SUBDIV BY By G i, Addre City CI Y LM SP NOS, CALIFORNIA City Clerk City Man ger REVIEWED & APPROVED PREMIUM: $4,980.00 BOND NO: GE 5643893 THE FINAL.mIw6MIl11LII!IS CITY OF PALM SPRINGS PREDICATED ON THE FINA4CONTRACTPRICE FAITHFUL PERFORMANCE BOND WHEREAS, the City Council of the City of Palm Springs, State of California, and GATTD, LTD. (herein designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated Public improvements, which said agreement, dated 11/08/ 1994 and identified as project TPM 28003 is hereby referred to and made a part hereof; and I WHEREAS, said principal, is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. NOW, THEREFORE, we, the principal and GULF INSURANCE COMPANY as surety, are held firmly bound unto the City of Palm spprinc�s hpreinafter called ("C try" #*fin the penal sum of ONE HUNDRED NINETY 1tE THOUSAND ONE HUNDRED NINETY THREE * * dollars 199,193.00 ($ ) lawful monby of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation 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 his or their 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 City of Palm Springs, 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 a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorneys fees, incurred by the City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time., alteration or addition to the terms of the agreement or to the work or to the specifications. Page 1 of 2 Faithful Performance Bond Page 2 of 2 IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on NOVEMBER 10 1994 , GULF INSURAN�E-1gMPANY I / Principal -•y ju�rety Attornei -Fact OHN A. RUIZ CALIFORNIA ALL-PURPOSOCKNOWILEDGMENT No.6907 State of CALIFORNTA County of RIVERSIDE On 11/10/94 before me, TtERESA I. Box, NOTARY PUBLIC DATE NAME,TITLE OF OFFICER-E G,-JANE DOE,NOTARY PUBLIC" personally appeared JOHN A. RUIZ NAME(S)OF SIGNER(S) x❑ personally known to me - OR - ❑ to be the persons) whose name() isAa+& subscribed to the within instrument and ac- knowledged to me that he/e ;,"."^- ,,,,,,^��+ �r the same in his,'heF hai authorized capacity(-i-es-), and that by hisA444 4@1r signatureH on the instrument the person(&), or the entity upon behalf of which the person" acted, executed the instrument. Tstr3Est�o. t� t�nn�l- 9sv3ss ; WITNESS hand and official seal. NotoI PRSIDE•�Collfair9U7 v z RIVERSIDE xpires AR Fr . v, 4Fc,Mv Comm.mm.Expires MAR So 1"J98 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 PERFORMANCE BOND TITLE OR TYPE OF DOCUMENT TITLES) ❑ PARTNER(S) ❑ LIMITED TWO ❑ GENERAL ATTORNEY-IN-FACT NUMBER OF PAGES ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR 11/10/94 ❑ OTHER: DATE OF DOCUMENT SIGNER IS REPRESENTING: PRINCIPAL NAME OF PERSON(S)OR ENTITY(IES) SIGNER(S)OTHER THAN NAMED ABOVE ©1993 NATIONAL NOTARY ASSOCIATION-8236 Remme[Ave.,P 0 Box 7184-Canoga Park,CA 91309-7184 PREMIUM: INCLUDED • BOND NO: GE 5643893 CITY OF PALM SPRINGS LABOR AND MATERIALS BOND WHEREAS, the CitV Council of the City of Palm Springs, State of California, and a;T` , LTD. (hereinafter designated as "principal") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated 11/08/ 19 94, and identified as project TPM 28003 is hereby referred to and made a part hereof; and WHEREAS, under the terms of said agreement, principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Palm Springs to secure the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code of the State of California. NOW, THEREFORE, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Palm Springs and all contractors, subcontractors, laborers, materialmen and other persons employed in the performance of the aforesaid agrWement and referred to in the aforesaid Civil Code in the sum of Dollars ($ 99,596.50** ) for matetials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorneys fees, :incurred by the City 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 judgment therein rendered. **NINETY NINE THOUSAND FIVE HUNDRED NINETY SIX DOLLARS AND 50/10O1S 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 under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. should the condition of this bond be fully performed, then this obligation shall become null and void; otherwise it shall be and remain in full force and (=affect, The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of said agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration or addition. Page 1 of 2 Labor and Materials Bond Page 2 of 2 IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on NOVEMBER 10 19 K 6 �/� � i I!� F �NSURANCE rincipal I ( urety Attorney-i I act J�ffl A. RUIZ 4 CALIFORNIA ALL-PURPOSWCKNOWLEDGMENT No.5907 State of CALIFORNIA County of RIVERSIDE On 11/10/94 before me, TI1EMSA I. BOK, NOTARY PUBLIC DATE NAME,TITLE OF OFFICER-E G.,"JANE DOE,NOTARY PUBLIC" personally appeared JOHN A- RUIZ NAME(S)OF SIGNER(S) personally known to me - OR - ❑ to be the person((.) whose name(e) is/a-F& subscribed to the within instrument and ac- knowledged to me that he%h:,':,",ey c*eG4t94 the same in hisl4e4t4e4 authorized capacity(`i-es), and that by his1hhAr/thQix signatureH on the instrument the person(&), or the entity upon behalf of which the personH acted, executed the instrument. WITN SS my hand and official seal. C tERESAV.BOW a ' MM,#95yp55 Z z E'er � NotaryPU IC—California a f r■ RIVERSIDE COUNTV ' � •"" My Comm.Expires Mmz 5,a9% Hl 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 PAYMENT BOND TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED TWO ❑ GENERAL ❑% ATTORNEY-IN-FACT NUMBER OF PAGES ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR 11/10/94 ❑ OTHER: DATE OF DOCUMENT PRINCIPAL SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) SIGNER(S) OTHER THAN NAMED ABOVE 01993 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P 0 Box 7184•Canoga Park,CA 91309-7184 BOND 6cAmat3s Nn,9dUDEP, N.4 - hCvTULR ®u ATTOr.IIETY NAME, ADDRESS OP5GII7Jl` „S OF TFAIE POETEr,®G tT1"r011'1M"Y ARE]P]rM TE.7D Or,!ELU11: PRINCIPAL: CITY, STATE, ZIP SAW-FTYf PAPER T4W_H TEAL %IRIS. DUP'LTCAT'ES SHALL HAVE Tf IE _ SAPdE FORCE Atig,EFe UCT AS AN CRFG1�iAII,ONLY NV"HENR 13S¢JED RN C(DN5-IP1OMPTT 7/fTU TI-IIE GRIIGMATL. GATTD, LTD_ KNOWN ALL MET4 BY THESE PRESENTS: That the Gulf Insurance Com- pany, a corporation duty organized under[he laws of the State of Missouri,having 68-845 PEREZ ROAD, SUITE 30 its principal office in the city of Irving,Texas,pm suant to the following resolution, CATHEDRAL CITY, A 92� adopted by the Finance oc Executive Committee of the Board of Directors of the said Company on the 10th day of August, 1993, to wit. "RESOLVED,that the President, Executive Vice President or any Senmt Vice President of the Company shall have authority to make,execute and deliver a Power of Attorney constituting as Attorney-in-Pact,such persons,firms,or corporations as may be selected front time to time; and any such Attorney-m-fact may be removed EFFECTIVE DATE _ '\and the authority granted him revoked by the President, or any Executive Vice J President, or any Senior Vice Piesident, or by the Board of Directors or by the Finance and Executive Committee of the Board of Directors jj�10�gg RESOLVED,that nothing in this Power of Attorney shall be construed as a grant of authority to the attorncy(s)-in-fact to sign, execute,acknowledge,deliver or other- CONTRACT AMOUNT wise issue a policy or policies of insurance on behalf of Gulf Insurance Company. RESOLVED, that the signature of the President, Executive Vice President or g199 193.00 any Senior Vice President, and the Seal of the Company may be affixed to any such , Power of Atimney or any certificate relating thereto by facsimile, and any such FSOIVD AMOUNT �\powers so executed and certified by facsimile signature and facsimile seal shall be Jy valid and binding upon the Company in the fitme with respect to any bond and a, documents relating to such bonds to which they are attached " 199,193.00 PERFORMANCE $99,596.50 PAYMENT Gulf Insurance Company does hereby make, constitute and appoint JOHN A. RUIZ OF RIVERSIDE, CA its true and lawful attorney(s)-in-fact, with fall power and authority hereby conferred in its name, place and stead, to sign,execute,acknowledge and deliver in its behalf, as surety, any and all bonds and undertakings of suretyship,and to bind Gulf Insurance Company thereby as fully and to the same extent as if any bonds, undertakings and documents relating to such bonds and/or undertakings were signed by the duly authorized officer of the Gulf Insurance Company and all the acts of said attorney(s)-in-fact, pursuant to the authority herein given, are hereby ratified and confirmed. The obligation of the Company shall not exceed one million ($1,000,000.00) dollars. Ll`VIyj7tICSS VVIILIC'_$E,(DE,'the Gliff insurance Company hits ceased f,'nese presents to be eegmed hny tiny offf eer of'tile Company and its Cocpnr2te ue29 to be btseto aelixed. r VULF INSUitANCE C©M0AN`e STATE OF NEW YIOP;II,C b Christopher E. 'Watsor. `v'S President COUNTY OF NEVI,FORK ) On this la day of Fe4rutry, 11994 A.D.,before me crane Ghnristophaer E.Vj ts,r.,meson to Me hiersonahhy wi e being by tine duly swum,did depose and say;that be resides in the County of NYectchcsder,State of New York;¢heat be Is the President of the Gulf Insurance Comp any,the carmo-aUtin descrehied it, avid wlitch eaccnted time,&nave instrnnnemd;that Ilse miews the scab or said corporation;irm,the san'afrtwced to tdee said enstrumemts is such corporate seal;that it was so aTtexod by order of itto Hoard of Directors of said corporation and dice'hie signed his none, 'thereon by Hke order. ( Q C P IDavid,A,¢fai° No. 24-495Am534 STATE OF AI1s'YV S.'O1eT, ) �DF,ue� QUsEAed en Kings County u.G, Gomein. 'zml;m es I ToVe¢nbar P.S, ?99` COffi'd'l't'0 i"flE l 1102f{ ) II, the undersigned, fiennior Vice President o6 die GpB insurance(woe-upauy, a lb'[i issoned Corporation, Do d$EF�Ii4 GER'I'dFV'Ira' flee foregnimg and aM1¢aehed PORrVE:t CF ATTMNEV remains in full force. _ _ — - -5\yRAN fit: - - �� �cc Signed and Se,hcd at tree City of New-N'orp:. P 0.wo q a ` , - �Z \ Detail die 10TH day of NOVEMBER P o 94 , Lawrence P. Wolter Senior Vice President PREMIUM: $100.00 0 • BOND NO: GE 5643894 CITY OF PALM SPRINGS BOND FOR FAITHFUL PERFORMANCE OF MONUMENTATION KNOW ALL MEN BY THESE PRESENTS: That We, GATPD, LTD. as Principal, and as Surety, are held and firmly bound unto the CITY OF PALM SPRINGS, STATE OF G A L I F O R N I A , in tt hy� s u m of ONE�f �FIM PM NDA9! `Dollars ( $1,350 A* lawful money of the United States of America, for/ the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally, firmly by these presents. The condition of the foregoing obligation is such that whereas said Principal has, or is about to enter into the annexed agreement with the City of Palm Springs pursuant to the provisions of the Subdivision Map Act of the State of California and the Subdivision Ordinance of said City, for the setting of survey monuments in accordance with the provision of Section 66495 through 66498 of the Subdivision Map Act and Article 963 of the Subdivision Ordinance of the City of Palm Springs and as shown on the Map WHEREAS the Principal, after setting the monuments, agrees to furnish the City Engineer of the City of Palm Springs written notice of the setting of said monuments and written proofs of having paid the Engineer or Surveyor for the setting of said monuments, all in accordance with the requirements of City,s Subdivision Ordinance. NOW THEREFORE, if the said Principal shall well and truly do and perform all the covenant; and obligations of said agreement on its part to be done and performed at the times and in the manner specified herein, and shall make full payments to all contractors, their subcontractors and to persons renting equipment or furnishing labor or materials to them for the improvement in the prosecution of the work provided for in said agreement, then the above obligations shall be void and of no effect; otherwise, it shall be and remain in full force and effect. And the said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work or improvements to be performed thereunder or to the plans or specifications attached to said agreement shall in any wise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or additions to the terms of the agreement or to the work or improvements or to the plans or specifications. Page 1 of 2 - 1 ' A ' � • Bond For Faithful Performance of Monumentation Page 2 of 2 In the event suit is .brought upon this bond by the City and judgment is recovered, the: Surety shall pay in addition to the above specified sum all costs incurred by the City in such suit, including a reasonable attorney's fee to be fixed by the Court. 4 WITNESS OUR HANDS this 10TH day of NOVEMBER Ig94 ( .� JLJMrj � I F INSURANCE-CRMPANY Principal 8 et, Attorriey- - act 70M A. RUIZ CALIFORNIA ALL-PURPOSSCKNOWILEDGMENT No.5907 State of CALIEUPRIA County of RIVERSIDE On 11/10/94 before me, THER SA 1- ECK, NOTARY PUBLIC DATE NAME,TITLE OF OFFICER-E.G.,'JANE DOE,NOTARY PUBLIC' personally appeared JOHN A. RUIZ NAME(S)OF SIGNER(S) personally known to me - OR - ❑ to be the persons) whose names) is/a-F49. subscribed to the within instrument and ac- knowledged to me that he/a�e est+test the same in hisµiee4x authorized capacity(feg), and that by hiss signatureH on the instrument the person(- , or the entity upon behalf of which the personH acted, executed the instrument. r�lEa �o,act� WITNES my hand and official seal. OMM 6NOW IC IEP0S0I1Di ;l My Comm.Exp Eir O UNR 9� _ a � � 6 esOM � Fe.A.P r�` 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 MONUMENTATION PERFORMANCE TITLE OR TYPE OF DOCUMENT TITLE(S) ❑ PARTNER(S) ❑ LIMITED TWO ❑ GENERAL ❑% ATTORNEY-IN-FACT NUMBER OF PAGES ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR ❑ OTHER: 11/10/94 DATE OF DOCUMENT SIGNER IS REPRESENTING: PRINCIPAL NAME OF PERSON(S)OR ENTITY(IES) SIGNER(S) OTHER THAN NAMED ABOVE ©1993 NATIONAL NOTARY ASSOCIATION-8236 Remmet Ave.,P.O.Box 7184-Canoga Park,CA 91 3 09-71 8 4 cglu� r uI�'—WI nAi N0"„ C p�a����7 DOND (� � ' iW, �wR JWD NUML'E rMAITE+h'3 01 -Alf )T Ti NAME, ADDRESS ' HBP;'HGIINAILS OKI TfITIS 2OWEn OE ATTGLmn,i-=pp.IIPmcu RCN FLUE PRINCIPAL: CITY, STATE, ZIP SA-11"TY PAPER VA H TEAL IN.K. DUpLiICATES SMALL HAVE 'T-rI.E SAAI,L-,, TOECE APdID EPEECT 6vC ADl OT..IICIINAL GNLY VVIIMFI'd HSSURD HN CON,TUNCTHON VFT11 T1Ti®'TTGRNAL• GATTD, LTD. KNOWN ALL MEN BY THESE PRESENTS: That the Gulf Insurance Com- pany, a corporation duly organized under the laws of the State of Missouri,having its principal office in the city of It ving,Texas,pursuant to the following resolution, CATHEDRAL CITY, CA 92234 adopted by the Finance L Executive Committee of the Board of Directors of the said Company on the 10th day of August, 1993, to wit: "P,ESOLVED,that the President, Executive Vice President or any Sleniot Vice President of the Company shall have authority to make,execute and deliver a Power of Attorney constituting as Attorney-in-Pact,such persons,firms,or corpoiahous as may be selected from time to time; and any such Attorney-in-fact may be removed Ei=FECTIVE DATE and [lie authority "ranted him revolted by the President, in any Executive Vice President, or any Senior Vice President, or by the Board of Direclois or by the Finance and Executive Committee of the Hoard of Directors. 11/10/94 RESOLVED,that nothing in this Power of Attorney shall be c0119htied as a grant of authority to die attorney(s)-in-fact to sign,execute,acknowledge, deliver or other- CONTRACT AMOUNT wise issue a policy or policies of msmance,on behalf of Gulf Insurance Comp,my. RESOLVED, that the signature of the President, Executive Vice President or p1,35O_00 J any Senior Vice President, and the Seel of the Company may be axed to any such w o affixed Power of Attorney or any certificate relating thereto by facsimile, and any such SOIVD AMOUNT powers so executed and certified by facsimile signature and facsimile sea] shall be valid and binding upon the Company in the future with respect to any bond and documents relating to such bonds to which they are attached." 1,350.00 Gulf Insurance Company does hereby make, constitute and appoint JOHN A. RUIZ OF RIVERSIDE, CA its true and lawful attorney(s)-in-fact, with full power and authority hereby conferred in its name,place and stead, to sign, execute, aelorowledge and deliver in its behalf, as surety, any and all bonds and undertakings of suretyship, and to bind Gulf Insurance Company thereby as hilly and to the same extent as if any bonds, undertakings and documents relating to such bonds and/or undertakings were signed by the duly authorized officer of the Gulf Insurance Company and all the acts of said attorney(s)-in-fact, pursuant to the authority herein given, are hereby ratified and confirmed The obligation of(lie Company shall not exceed one million ($1,000,000.00) dollars. aN WHTPM-ES uT�GOGEl'E®E,the Culff IInsuuranoee cempenny has caused these presents'0 he sigeaed by sonny officer or the Company and its Corporate Gear to be hereto-,WExe 1. J,ODC� GULF INSURANCE COA✓1PANY J VVI,/�/." NL✓ `— "`� STATE®P PfE"V YGII'..IIr ) Christopher E. Watson SS President COUNTY O'f,40AI".TO'?lr ) fin this Is,tiny of Eehrtnary, 1994 A.D.,before me canoe Cbrishininer E.Wa4son,lonown to the persomfly who hehi.-by me duuny sworn,did depose and say;that he resides in the County or Westchester,State of Haw 17to-L; that he is the president or the Gulf Hnmma nce Company,the corporation described in and which executed the above instrunmeot;that he lmows the seat at said eorporation;that the scan aZibced to the said inUr-meonts is su¢eb criz aarate scan;that k was so ardmed by unrieeu,of the board of iDireetors or said corfc rnPion aced thct he signed bis name, thereto by Me ortier. oP10TARY l/ � y ��'✓ �9�F'UI3l\� oQ David JfLtia o TWA No. 24-495ti'us4 STATE 07 NEW Y®PSY ) N (t¢iaViPxe¢]in Kings County gS ____ Comm. Expires November 1g, 1995 COURITY GP I'ZW YOIZU ) 1, tine tmdersigneti, Senior ',Tree presitlenl of the Gmf blls en—L a Y('_®nri„msr`r.;ry, a Missouri Corporation, DO HEREBY CERTIFY fhat the fie egoir,g and attached R®V`YER-®p ATTO122=aconuims im G0" Corte.-, 5�0ANCE Signed anon SeOe�ol at shoe City of New Yorh. tia < DcCed the IOTR day or MVEL+IBER Y9 94 �✓sso� Lawrence P. Rhniter Senior "Vke president