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Watt Communities at Mosaic, LLC Bond Release Letter TM28206 K09312365MENIFEE 29844 Haun Road Meniree. CA 92586 951-672'6777 Fax951'679-3843 New. Better. Best. December 12,20t9 Westchester Fire Insurance Co. 555 S. Flower St., 3d Floor Los Angeles, CA 90071 cityofmenifee.us Re: Watt Communities at Mosaic, LLC, City of Menifee, Tract Map 2g206, Bond Release on November 20,2019, the city council approved the release of the following bonds. Enclosed are the original bonds. . Faithful Performance Bond No. K09312365 - $1,964,500. Material and Labor Bond No. K09312365 - 9982,250. Subdivision Monument Bond No. K09312407 - $79,920 Please let me know if you have any questions. Sincerelv, IhA.M Clerk anwaring, MMC cc: Watt Communities at Mosaic, LLC Enclosures MEN!FEE 29844 Hdun Road Menilee. CA 92586 951-6'12 6777 Fax 951 679 3843 Dean Deines cityofmenifee.us November 21, 2019 Sarah Manwaring City Clerk City of Menifee Subject: Release of Improvement and Subdivision Bonds for TM2g206 Dear Sarah: On November 20th,20-J.9, the City of Menifee City Council approved the approval ofreplacement bonds, executed by Pulte Home company, LLC, to replace the existing bondsheld in place by watt communities at Mosaic LLC. As a result, the following bondJheld byWatt Communities at Mosaic LLC are to be released. 1. Improvement Bonds 2, Subdivision Monument Bond Please let me know ifyou have any questions Sincerely, Greg August Drsrr.l 1 Matt Liesemeyer CoLrrrc ln).'rrib..r D itrict 2 Improvement Security Faithful Performance Labor & Materials K09312365 $ 628,250.00 Water S tem $ 40s,000.00 $ 202,500.00 Scwcr System $ 303,000.00 TOTAL $ 1,964,500.00 $ 982,250.00 Monuments Security Faithful Performance Labor & Materials Monument Placement K093L2407 $ 79,920.00 N/A TOTAL $ 79,920.00 N A Bill Zimmerman M;tvc,Lesa A. Sobek CoLrrrc lmernbl D str!.t 3 4 Armando G. Villa C ty M.rn.rg-,r New. Better. Best. Jonathan G. Smith, PE, QSD, QSP Director of Public Works / City Engineer Road & Drainage $ 1,256,000.00 $ 151,500.00