Pacific Communities Builder, Inc. Bond Release Letter TM28788 785676SMENIFEE
cityolmeniree. us
March 2,2022
Pacific Communities Builder, Inc.
1000 Dove Street, Suite 100
Newport Beach, CA 92660
Re: Pacific Communities Builder, Inc., City of Menifee, Tract Map 28788
Bond Release, Bond No. 7856765
On February 19,2020, the City of Menifee City Council approved the 90o/o bond reduction.
The City of Menifee Engineering Department has determined all required improvements have
been completed and the project conditions have been met and has approved the full release of
the bond noted above. Enclosed is a copy of the bond.
Please let me know if you have any questions.
Sincerely,
Stephanie Roseen,
Acting City Clerk
New. Better. Best.
MENIFEE
February 14,2022
Sa rah Manwaring
City Clerk
City of Mt' nifr.:c
Subject: Bond Release for Tract Map 28788
Dca r Sarah
Developer Pacific Communities Builder, lnc. has requested the final 1096 warranty release of
Streets and Drainage, Water System, and Sewer System Improvement bonds associated with Tract
Map 28788. The Proiect Manager has reviewed the request and determined all required
improvements have been completed and proiect conditions have been met to allow for the full
rclease of said bonds.
The original bond information is listed below
TM 28788 Original Streets and Drainage, Water System, Sewer System lmprovemcnts
lmprovement
Strcets rnd I) raina e
Total
Please contact fennifer Hernandez ifyou have any questions
Sincerely,
T)JW
Daniel Padilla, PE
Deputy Public Works Director/City Engineer
Security Faithful
Performance
Faithful Performance
fFinal 10olo Release)
$702,326 $70,232.60
$ 116,400 $11,640.00
7856765
785675S
7856765 $59,250 $5,925.00
s877,976 $87,797.60
New. Better. Best.
Water Svstem
t Sewer Svstem
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Packst Pg. 174
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COP I
SEEU&ITLRIDEIVC-ONSENT
Plcasc bc sdvised that tlrc following sccuritics remrin in cfrcct to thc County of Rivcrsrdc for Tract 287E8. Thc
surety conscnts to thc cxEnsion of limc.
DESCRIPTION
Mon umcntallon Bond
Pcrformancc Bondstrccb & Drainagc
Mstcrial & Labor Bond/StrEcts & Drainagc
Performancc Bond/Wsts S ystcm
Matcrial & txhor Bond./W8t r Systrm
Pcrformancc Bond/Scwcr S ysrcm
Matcrial & lrbor Bond/Scwar System
Th€ s€cunties rcmain in forcc until such timc as thcy are rcleascd by thc County of Rivcrsid )
Surcry:
f,revolopcrs Swrty and In&mnity Company
l77EO Flich
Irvine. CA 92614
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GINA L CARNER
BOND
NUMBER
AMOTJNT
785677S $77.O00
$702,326
$1.417.490785676S
?856?65 $s9,2s0
7856765 $98,750
$l16,400785676S
785676S $194,000
By:
Dater
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Attomcy-in-fact
lntco lnsutance Servrcot ,nc o ,.
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