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Sutter Mitland 01, LLC Bond Reduction Letter TR31822-F BDTO500091018MENIFEE New. Better. Best. 29844 Haun Rd. Menifee CA.92586 19511672-6777 | Fax (951) 679-3843 cityofmen ifee.us Jwe5,2023 Sutter Mitland 01, LLC Attn: Shawn Bowen 3200 Park Center Drive, Suite 1.000 Costa Mesa, CA 92626 @COPY RE: Sutter Mitland 01, LLC, Partial Bond Release Bond No. BDTO500091018, TR3182Z-F To whom it may concern, The City of Menifee's Planning Department has approved a bond reduction for Faithful Performance Bond No. BDTOS00091018 for TR31822-F. Below u will find the schedule for bond release s): The remaining amount for Bond No. BDTO50091018 is $16,486.75 (Cost of l.-Year Establishment and Maintenance), which can be released after completion ofthe one-year post installation landscaping and irrigation inspection pursuant to the conditions of approval for PP 2018-t42. Enclosed is a copy of the Faithful Performance Bond. Sincerely, aA.ar Mana Analyst, City Clerk's Office 8DTO500091018 (Faithful Performance Bond)s249,488.70 Re lease Date 6/s/23 Bill Zimmerman Mayo r Dean Deines Councilmember District 4 Armando G. Vilta Crty Manager Bob Karwin M.ryor Pro Tenl Dlstrict 1 Lesa A. Sobek Councrlmember District 3 Ricky Estrada Councrlmember Distnct 2 Released Amount s233,001.3s Bond No.Original Bond Amount MENIFEE 29844 Haun Road Menifee, CA 92586 951-672-6177 Fax951-679-3843 DATE: May 17,2O23 cityofmenifee. us TO: CC: Stephanie Roseen, Deputy City Clerk Cheryl Kitzerow, Community Development Dire FROM: Jessica Williams, Assistant Planner RE: Bond Reduction for Planning Case PP 2018-142 HOA Maintained Landscaping andlrrigation Plan for Whispering Way Streetscape within Audie Murphy Ranch SpeiiflC etan (TR31822-F) Planning App No.: Applicant Name: Surety Name: Bond/CD No.: Bond Amount: Othet: 2018-1 42 Landscape lnstallation Agreement Sutter Mitland 01 LLC Libefi Mutual lnsurance Company 8DTO500091018 $249,488.10 Reduce to 1-vear maintenance amount: $16,186.75 Proiect Description Plot Plan No.20l8-142 landscape and irrigation for a HOA-maintained streetscape on Open Space(O.S.) Lot No. 98, 154, 155, 156, 160 within Tract Map No. 31822-F located atong both sides of Whispering Way between Audie Murphy Road and Rockview Court, along the boundaries of Planning Area 4, Planning Area 5, and Planning Area 6. The right of way areas within this plan will be maintained by the HOA. Attachments: Bond/Bond Agreement Form Bond Reduction Letter Copy of Approved Exhibits Bob Karwin M.1yor Pro Tem Drstrict I Ricky Estrada Coun(ilmember Distnct 2 Dean Deines CoL,ncalmember Drstncl4 Armando G. Villa Crly Man(r9er Bill Zimmerman Moyor Lesa A. Sobek Courcilmember Drstflct 3 New. Better. Best. MENIFEE New. Better. Best.cityofmenifee. us May 17,2023 Liberty Mutual lnsurance Company 175 Berkeley Street, Boston MA 021 16 CC: Sufter Mitland, LLC 3200 Park Center Drive, Suite 1000 Costa Mesa, CA 92626 RE: Security Reduction for Planning Case PP 2018-142 HOA Maintained Landscaptng and lrrigation Plan for Whispering Way Streetscape within Audie Murphy Ranch Specific Plan (TR31822-F) Please contact the Planning Division at (9511723-3725 if you have questions or need additional information. Sincerely, Jessica iams,Assistant Planner 29844 Haun Roaci Menifee, CA 92581 951-672 6777 Fax 951 679-3843 HOA maintained landscaping and inigation for Plot Plan 2018-0142 has been installed by the applicant and approved by the city. The Applicant is requesting a reduction of Bond No. TM5214557 for Landscape and lrrigation lmprovements to reduce the bond amount from the original amount of $249,488.10 to $"16,486.75 (cost of 1-Year Establishment and Maintenance). The remaining amount for this bond is $16,486.75 which can be released after completion of the one-year post installation landscaping and irrigation inspection pursuant to the conditions of approval for the Plot Plan which approved the landscape plan. City of Menifee Community Development Department