KB Home Coastal, Inc. Bond Release Letter TM30142-2 30001158MENIFEE 29844 Haun Roacl Menifee. CA 92586
951 672-6771 Fax 951-679 3843
New. Better. Best.
December 2t,2022
KB Homes
Attn: Steve Brennan
36310 Inland Valley Drive, Suite 300
Wildomar, CA92595
Enclosed is the original bond.
Sincerely,
E ilar
Management Analyst, City Clerk's 0ffice
cityofmenifee.us
@copv
RE: KB Home Coastal, Inc, City of Menifee, TM 30t42_2 (Hidden HillsJ
Full Bond Release, Bond No. 30001158
To whom it may concern,
The- City of Menifee's Engineering Department has approved a full release of the FaithfulPerformance Bond for Gading Projects and/or Erosion conirol or Landscape Improvements for TM30142-2 (Hidden Hillsl, based on all conditions being satisfied
Belowyou will find the schedule of release for Bond No. 30001158:
30001158 Faithful Performance Bond $1,635 000 $0.00
Released
Amount
$1,63s,000 t2/22/22
Bond Amount
being witheld
Bill Zimmerman
M.tYOI
Matt Liesemeyer
Councilmember
District 2
Oean Deines
Mavor Pro Tenl
Distflct 4
Bob Karwin
Councilmcmber
Districl 1
Lesa A. Sobek
Councilmenrbcr
District 3
Armando G. Villa
City Mdn.rger
Original
Bond
Amount
Bond No.Release
Date
New. Better. Best.
29844 Haun Road i Menitee, CA 92586951 672-6777 I Fax 951-679_3843
December 14,2022
Kay Vinson
Acting City Clerk
City of Menifee
RE: Bond Release for TM 30142_2 Hidden Hi[s park
Dear Kay,
or Aprir 1.5.' ?g?0, the crty councir accepted pubric improvements at Hidden Hirs park,constructed by KB Homes coastar, rnc., the deveroper for Tract 30 14 2-2, andreduced the originarsecurity posted by 90%. The developer has now requested the final 1Oyo warrantv iJease or preimprovement bonds associated with rract 30142-i, r- tne parr rocated between Evans Roadand Munieta Road, south of craig Avenue. The project ,"n"g", has reviewed ano appioreo tnefull release of the warranty.
The original bond information is listed below. There were no Material and Labor Bonds associatedwith these improvements.
Original lmprovement Bonds lor IM 30142-2 Hidden Hills park
Please mail original bond to:Please email bond release information to:
KB Homes
Attn: Steve Brennan
36310 lnland Vailey Dr., Suite 3OO
Wildomar, CA 92595
lf you have any questions, please contact Kris Jensen.
Sincerely,
vtud
Daniel Padilla, P.E.
Deputy Public Works Director/City Engineer
Precise Grading 30001 158 $ 23s,000 N/APark lmprovements
and Landsca 30001158 NiA
Total $ 1,635,000 N/A
Faithful Performance
Original AmountSecurity Material & Labor
MENIFEE
-
cityofmenifee.us
kiensen@cityofmenifee.us
cheron@citvofmenifee. us
sbrennan(Okbhome.com
iim@BKAIlenAndAssociates. com
lmprovement
$1,400,000