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HomeMy WebLinkAboutHome Depot Site Bond $3,615,092 Liberty Mutual InsuranceLiberty Mutual SuretyAttention: LMS Claims Libel Phone: Fax: Mutual. Liberty Mutual Insurance Company Email: SURETY Bond No.016254628 Site Bond Home DeDot Rexbura KNOW ALL MEN BY THESE PRESENTS that we Home Depot U.S.A., Inc. as Principal, of 329 Teton River Temple St Rexbure Idaho 83440 (Street) (City) (State) (Zip Code) and Libertv Mutual Insurance Comnanv ,as Surety, are hereby held and firmly bound unto City of Rexburg as Obligee, of 35 N 1 st East Rexburg Idaho 83440 (Street) (City) (State) (Zip Code) in the penal sum of Three Million Six Hundred Fifteen Thousand Ninety Two & 00/100 Dollars $3.615,0.92.,00) for the payment of ,,vhich sum we bind ourselves, heirs, administrators, executors and successors, jointly and severally, firmly by these presents. WHEREAS, the Principal desires to improve property identified as Home Depot - Rexburg - 329 Teton River Temple St, Rexburg,. Idaho, 83440 And WHEREAS, as a condition of the Obligee granting approval to said improvement, the following, specific. items must be completed in accordance with the plan submitted: Off site improvements adiaccnt to property on Teton River Temple St, traffic si<_rnal at Teton River Temple St, & 2nd East roadway improvements adjacent to property. Aq NOW, THEREFORE, the condition of this obligation is such that if the principal shall complete the specific items in accordance with the plan submitted, then this obligation shall be null and void, otherwise to remain in fillI force and effect. 41%1t t 11111,1,t� a May 19, 2026 Sinned, sealed and dated Y —�� Q�pRp'Oq•.G''�� `9�► : • Home Depot U.S.A.. Irtg�,/.' �,, gy..Ox ' WP oaILP Go�rgy� 1912 C.) ssACH%Js�`�aa * / Libertv Mutual Insurance Comrianv LIM D. Pe LMS-21289e 11r19 Attorney -in -Fact Liberty POWER OF ATTORNEY Certificate No: 8204866 Mutual. Liberty Mutual Insurance Company SURETY The Ohio Casualty Insurance Company West American Insurance Company KNOWN ALL PERSONS BY THESE PRESENTS: That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana (herein collectively called the "Companies"), pursuant to and by authority herein set forth, does hereby name, constitute and appoint, April D. Perez all of the city of Mnrrictnwn state of NJ each individually if there be more than one named, its true and lawful attorney -in -fact to make, execute, seal, acknowledge and deliver, for and on its behalf as surety and as its act and deed, any and all undertakings, bonds, recognizances and other surety obligations, in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons. IN WITNESS WHEREOF, this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 1st day of July, 2024. Liberty Mutual Insurance Company The Ohio CasualtyInsurance Company P� 1NSUR9 P\�Y INg� a 1NSUq P Y J ooapoRO o - ��r`o-,�,fRyy 4, co.POR,q'.1 West American Insurance Company m b c, ;1912g0 0Z1919�o a 1991 ~djl�'4�CHU6.da %HA MPS�`•da� Y'S �NDIANP da3 BY: / Nathan J. Zangerle, Assistant Secretary vi N STATE OF PENNSYLVANIA ss y COUNTY OF MONTGOMERY m 0 m Co On this 1st day of July, 2024, before me personally appeared Nathan J. Zangerle, who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance Company, The rn Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes therein contained 0 aD by signing on behalf of the corporations by himself as a duly authorized officer. o E O m-t 0 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seal at Plymouth Meeting, Pennsylvania, on the day and year first above written. 9P PAsr ` �1 wo NW4gr ��r Commonwealth of Pennsylvania - Notary Seal ®® > C - o� Teresa Pastella. Notary Public�Z���t N Montgomery County O � N `py15v��P� �G My cCommission umber 1126044ion expires March 28, 2029 By: a O q,�. 1,se. Teresa Pastella, Notary Public 0 _0 Member, Pennsylvania Association of Notaries 0) .� ca This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual o E N Insurance Company, and West American Insurance Company which resolutions are now in full force and effect reading as follows: Q o cARTICLE IV - OFFICERS: Section 12. Power of Attorney. < o Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President, and subject to such limitation as the Chairman or the N o c President may prescribe, shall appoint such attorneys -in -fact, as may be necessary to act in behalf of the Corporation to make, execute, seal, acknowledge and deliver as surety o? E ai any and all undertakings, bonds, recognizances and other surety obligations. Such attorneys -in -fact, subject to the limitations set forth in their respective powers of attorney, o N oshall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so executed, such a S1 o >� instruments shall be as binding as 9 signed by the President and attested to by the Secretary. Any power or authority granted to any representative or attorney -in -fact under the o 'j provisions of this article may be revoked at any time by the Board, the Chairman, the President or by the officer or officers granting such power or authority. }, ` ARTICLE XIII - Execution of Contracts: Section 5. Surety Bonds and Undertakings. m Z =3 Any officer of the Company authorized for that purpose in writing by the chairman or the president, and subject to such limitations as the chairman or the president may prescribe, o ro shall appoint such attorneys -in -fact, as may be necessary to act in behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, -o rn bonds, recognizances and other surety obligations. Such attorneys -in -fact, subject to the limitations set forth in their respective powers of attorney, shall have full power to bind o m the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so executed such instruments shall be as binding LL a as if signed by the president and attested by the secretary. Certificate of Designation - The President of the Company, acting pursuant to the Bylaws of the Company, authorizes Nathan J. Zangerle, Assistant Secretary to appoint such attorneys-infact as may be necessary to act on behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Authorization - By unanimous consent of the Company's Board of Directors, the Company consents that facsimile or mechanically reproduced signature of any assistant secretary of the Company, wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds, shall be valid and binding upon the Company with the same force and effect as though manually affixed. I, Renee C. Llewellyn, the undersigned, Assistant Secretary, of Liberty Mutual Insurance Company, The Ohio Casualty Insurance Company, and West American Insurance Company do hereby certify that this power of attorney executed by said Companies is in full force and effect and has not been revoked. IN TESTIMONY WHEREOF, I have hereunto se`; m� herd and affixed the seals of said Companies this 19th day of Mav 2026 Pti %N.U,q _ h�t1 INS& N %NsU.61 j POgaj�'Zy�tc cJ/2°oavo�rF'P9y� `C, `oaPOggr�BYO �y m u 1919 o to ^ C 1912 n f 1 �991 o a o BY _rd��� U. a a yC� tigMPs�`�aa is �aMAW' dad Renee C. Llewellyn, Assistant Secretary Marsh MSurety POA LMIC OCIC WAIC Multi Co_012025 _ Liberty Mutual SURETY Assets LIBERTY MUTUAL INSURANCE COMPANY FINANCIAL STATEMENT — DECEMBER 31, 2025 Cash and Bank Deposits................................$4,639,129,070.00 *Bonds — U.S Government...........................$24,121,444,319.00 *Other Bonds..................................................$2,170,686,911.00 *Stocks......................................................... $17,859,797,169.00 Real Estate..........................................................$82,931,297.00 Agents' Balances or Uncollected Premiums ... $6,938,791,711.00 Accrued Interest and Rents...............................$264,147,662.00 Other Admitted Assets .................................. $23,084,138,197.00 Total Admitted Assets.................$79,161,066,336.00 Liabilities Unearned Premiums ...................................... $9,548,471,466.00 Reserve for Claims and Claims Expense..... $28,631,659,506.00 Funds Held Under Reinsurance Treaties.......... $318,121,716.00 Reserve for Dividends to Policyholders ................... $924,130.00 Additional Statutory Reserve ............................ $190,397,000.00 Reserve for Commissions, Taxes and Other Liabilities .............................................. $7,407,537,792.00 Total .............................................. $46,097,112,301.00 Special Surplus Funds ...................................... $157,770,770.00 Capital Stock ....................................................... $10,000,075.00 Paid in Surplus ............................................. $13,694,993,624.00 Unassigned Surplus ..................................... $19,201,189,566.00 Surplus to Policyholders .............................. $33,063,954,035.00 Total Liabilities and Surplus....... $79,161,066,336.00 * Bonds are stated at amortized or investment value; Stocks at Association Market Values. The foregoing financial information is taken from Liberty Mutual Insurance Company's financial statement filed with the Massachusetts Department of Insurance. I, NATHAN J. ZANGERLE, Assistant Secretary of Liberty Mutual Insurance Company, do hereby certify that the foregoing is a true, and correct statement of the Assets and Liabilities of said Corporation, as of December 31, 2025, to the best of my knowledge and belief. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Corporation at Plymouth Meeting, Pennsylvania, this 10th day of March, 2026. Teresa Pastella, Notary Public P PAs/, Q�%'R„oNwe Ft o y<Z y Commonwealth of Pennsylvania - Notary Seal OF Teresa Pastella. Notary Kok Montgomery County ,10 � My wnrnission expires March 28. 2029 br � Commiss on number 1126044 4Fry 4 Member, Pennsylvania Assaciaton of Notanes -; �11,01A /--- Nathan J. Zangerle, Assistant Secretary %NSUR J PGOV POR,gTgyCs -7 1912 rd�9sS4 CHU`�� .aa LMS-1262/ASI