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Contracts & Agreements_274-2017
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A Community of Friends for Conditional Use Permit No. 1045 in connection to case CIVDS1720139
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274-17
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Contracts & Agreements_274-2017
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2/4/2020 1:15:17 PM
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Contracts & Agreements
Subject
Funding Agreement
Details
A Community of Friends for Conditional Use Permit No. 1045 in connection to case CIVDS1720139
Date
12/19/2017
Document Number
274-2017
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of this bond,or(b)the actual amount of financial obligation due to Obligee tmdei the Resolution <br /> 4 A written Notice of Default shall be given to Surety by Obligee no later than 60 days after Default unless <br /> Surety agrees in writing to extend the time for filing a claim with respect to such Default Notice of Default <br /> shall include a statement signed by Obligee stating the date payment was due under the Resolution,that <br /> Principal(directly or indirectly)is in Default,the amount due undei the Resolution and that such amount <br /> has not been received by Obligee,and the Surety shall pay to the Obligee the amount set forth in the Notice <br /> of Default within 15 days after the receipt thereof All notices,applications,demands and requests <br /> provided foi in this Bond shall be in writing and addressed to <br /> Surety at Tokio Marine HCC Surety Group, Attention Claims Department,801 S Figueroa St, Suite <br /> 400,Los Angeles,CA 90017 <br /> Obligee at <br /> City Manager,City of Redlands,P O Box 3005,Redlands,CA 92373 <br /> Notices shall be deemed given(a)upon receipt if personally delivered,(b)three business days after mailing <br /> if sent by certified or registered mail,postage prepaid and return receipt requested and(c)one business day <br /> after sending if sent by recognized overnight courier service for delivery on the next business day <br /> 5 No right of action shall accrue on this bond to or for the use of any person or corporation other than the <br /> Obligee named herein of the heirs,executors,administrator of successors of Obligee <br /> b Any obligation of Surety hereunder shall be excess over any other valid bond,insurance of other <br /> indemnity covering loss hereunder Notwithstanding the foregoing,Obligee shall not be required to seek <br /> payment from any guarantor of Principal prior to exercising Obligee's rights hereunder <br /> 7 If any conflict of inconsistency exists between the Surety's obligations or undertakings as described in this <br /> bond and as described in the Resolution or the underlying documents,then the terms of this bond shall <br /> prevail <br /> This bond shall not bind the Surety unless the bond is accepted by the Obligee The acknowledgement and <br /> acceptance of this bond by the Obligee is demonstrated by signing where indicated below If this obligation is not <br /> accepted by way of signature of the Obligee below,this bond shall be deemed null and void <br /> Signed,sealed and dated this 1211' day of December 2017 <br /> REDLANDS SUPPORTIVE HOUSING,L P,A <br /> CALIFORNIA LIMITED PARTNERSHIP <br /> A COMMUNITY OF FRIENDS A CALIFORNIA <br /> NON-PR UBLLC-~BENE T <br /> �© ORATIO <br /> By <br /> Signature of Principal e"& <br /> Print Name and Title � - � Rt ji;r� <br /> AMERICAN CONTRACTORS INDEMNITY <br /> COMPANY <br /> �` <br /> By <br /> Signatl of Surety Seal <br /> Adrian Loo ,Attorney-in-fact <br />
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