KB HOME SOUTH BAY - SUBDIVISION AGMT CANYON OAKS

ancillary agreements; (b) the development property including, but not limited to any maps, right-of-way agreements and perfo~ or quasi-governmental agency or municip applications or other filings required to be of the State of California; and (d) any and government or quasi-government-sponsor limited to, buyer and seller certifications; RESOLVED FURTHER, that Jeffery Marketing of this Corporation (acting alor hereby authorized to execute and deliver ~ marketing of residential dwellings owned limited to, grant deeds, notices of complet holdback agreements and termite inspecti~ RESOLVED FURTHER, that any whether heretofore or hereafter taken or purposes and intents of the foregoing re, approved and confirmed. [Resolutions adopted construction and/or improvement of real nd all subdivision agreements, final nance bonds required by a governmental City as security; (c) any and all fled with the Department of Real Estate 1 documents necessary to qualify for d loan programs including, but not Fault, Senior Vice President, Sales and an "Authorized Officer"), be and he is cements with respect to the sales and ~ this Corporation including, but not i, sales agreements, escrow instructions, certificates; and all acts of each Authorized Officer, ie, which are in conformity with the tions are hereby in all respects ratified, of August 25,1999] BE TI' RESOLVED, that Kimberly N.I King, Secretary of this Corporation, acting alone, be and she is hereby authorized and empowered to execute and deliver on behalf of this Corporation any and all docu ents necessary to change the escrow agent in connection with this Corporation's applications and any other supporting documents required to be filed with the De artment of Real Estate of the State of California in order to obtain a preliminary d final public report for property developed by this Corporation; [Resolutions adop as of June 16,1998] RESOLVED FURTHER, that Joseph sand Chris Reder, Controller of this Corpora Authorized Officer'), be and they are herE and deliver on behalf of this Corporation al appropriate with respect to the developme~ real property including, but not limited to a maps, right-of-way agreements and perforx or quasi-governmental agency or municipal F:\LA WUCKYUCBSB\CE RTO i -KNK(2).doc Gregorich, Vice President, Operations, ~n (each officer acting alone, an ~ authorized and empowered to execute and all documents deemed necessary or construction and/or improvement of ~ and all subdivision agreements, final nce bonds required by a governmental y as security; 3 i