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Newhawk, LLC Bond Release Letter 4416825MENIFEE Received 29844 Haun Roao Menrlee. CA 92586 951-672 6In Fax 951.679 3843 cityolmenilee.us February 6, 2020 Sarah Manwaring City Clerk City of Menifee Subject: GPIT-021P Bond Release Dear Sarah: On February 16,2018 Newhawk, LLC entered into grading bonds and agreements with the City of Menifee for the completion of work detailed on GP17-021. Since then, City Staffhas reviewed and inspected the grading work and has confirmed the condition ofthe grading improvements are in a position to allow for the full release of the park grading. The bond to be released is shown below: Type Security Faithful Performance Labor & Material Precise Crading 4416825 $ 188,000 $ 94,000 Erosion Control 4416825 $ 21,000 $ 10,500 Total $ 209,000 $ 104,500 Sincerel athan Smith, P.E. irector of Public Works and Engineering / City Engineer v, A,mando G. Villa Crly Managt-.r Bill Zrmmerman Mall Lresemeyer Greg August Lesa A. Sobek Oean Dernes New. Better. Best. City of Menifee City Cterk FEB 0 7 2020 1. Bond Amounts: Please let me know ifyou have any questions. MENIFEE 29844 Haun Road Menrfee. CA 92586 951672 6777 Fax 951'679 3843 New. Better. Best.cityotmenilee.us February 20,2020 SureTec Insurance Company 3131 Camino Del Rio N., Ste. 1450 San Diego, CA 92108 Re: NewHawk, LLC, City of Menifee, GP17-021P Bond Release The Grading and Erosion Control has been completed to City specifications and standards and the Bond is now ready for release. Enclosed is the original Grading Bond as follows. Faithful Performance Bond No. 4416825 - $209,000 Material & Labor Bond No. 4416825 - $104,500 Please let me know if you have any questions. Sincerely, .u.tVe*_--, Sarah A. Manwaring City Clerk cc: NewHawk, LLC Enclosures