Sutter Mitland 01, LLC Bond Release Letter TM36485-F TM5235797New. Better. Best.
29844 Haun Rd. Menifee CA. 92586
19511672-6777 I Fax (951) 679-3843
cityofmenifee.us
March22,2023
Sutter Mitland 0L LLC
Attn: Shaun Bowen
3200 Park Center Drive, Suite 100
Costa Mesa, C492626
RE: Sutter Mitland 01, LLC, City of Menifee, TM 36485-F, Bond Reduction, Bond No. TM5235797
To whom it may concern,
The City of Menifee's Engineering Department has approved a 50% reduction of Faithful
Performance and Material and Labor Bond for the following improvements: streets, drainage, water,
recycled water & sewer systems.
Flood Control improvement securities will be retained in full until such time as the flood control
improvements have been approved for release by the Riverside County Flood Control & Water
Conservation District. For more detailed information please refer to the Engineering Department
request for bond reduction letter fattached).
Below u will find the schedule of release for Bond No. TM5235797:
Enclosed are copies of the original Faithful Performance and Material & Labor Bonds and the release and
the letter from the City's Engineering Department.
Since
na ilar
Management Analyst, City Clerk's Office
MENIFEE
TM5235797
(Faithful Performance Bond)ss,7ss,000 s2,842,s00
TM5235797
(Material & Labor Bond)52,877,sOO 5r,42t,25o
Released
Amount
52,912,s00
New Bond AmountOriginal Bond
Amount
Bob Karwin
Mayor Pro Tem
District 1
Ricky Estrada
Councilmember
Distflct 2
Lesa A. Sobek
Councilmember
Drstnct 3
Dean Deines
Councalmember
Orstrict 4
Armando G. Villa
Crty M.rnager
Bill Zimmerman
Mayor
Release
Date
3122/23
Bond No.
s1,4s6,2s0 3/22123
MENIFEE 29844 Haun Road I Menifee. CA 92586
951-672-6777 I Fax 951,679-3843
New. Better. Best.ci9ofmeniree.us
Februory 21,2023
Kay Vinson
Acting City Clerk
City of Menifee
RE: 50% lmprovement Bond Release for Tract 36485-F
Sutter Mitland 01 LLC (Developer) is requesting a 50% reduction on public facility improvement
securities. The Developer has submitted the required application and paid all required fees for
this reduction request. The city Engineer has reviewed and administratively approved a s0%
reduction to the faithful performance and material and labor security amounts for the following
improvements: streets, drainage, water, recycled water and sewer systems.
The Flood Control improvement securities in the amount of $70,000/$35,000 will be retained in
full until such time as the flood control improvements have been approved for release by the
Riverside county Flood control and water conservation District (RDFc&wcD). The original
bond information and 50% reductions amounts are included in the table below.
Tract 36485-F - Original and reduced im ment bond amounts.
.Flood Control securities will not be reduced or released until accepted by RCFC&WCD
Please mail bond reductions information to:Please email a copy of the bond release
documents to the following:
Sutter Mitland 01 LLC
Attn: Shaun Bowen
3200 Park Center Drive, STE 1000
Costa Mesa, CA 92626
lf you have any questions, please contact Kris Jensen.
Materlal &
Labor
50%
Reduction
Streets/Drainage TM5235797 $ 4,327,000 $ 2,163,s00 $ 2,163,500 $ 1,801,750
Flood Control"$ 70,000 $ 70,000 $ 35,000 $ 35,000
Water System TM5235797 $ 318,250 $ 318,250 $ 159,125
Recycled Water TM5235797 $ 51,500 $ 25,750 $ 25,750 $ 12,875
Sewer System rM5235797 $ 670,000 $ 335,000 $ 335,000 $ 167,500
$ s,755,000 $ 2,912,500 $ 2,877,500 $ 1,456,250
lmprovement Security Faithful
Performance
50%
Reduction
kiensen@citvofmenifee. us
crobinson@citvofmenifee.us
shaun.bowen@ brookf ieldoropertiesdevelooment.com
'Uf Pr^VDaniel Padilla, P.E
City Engineer
TM5235797
$ 636,500
Total:
DocuSign Envelope lD: 45D08820-7E80-4064-941 2-87ED61 26090C
CITY OF MENIFEE
ENGINEERING DEPARTMENT
tr Bond Reduction, S710 Fee + Deposit determined by staff (1 set of approved ptans required)
tr Bond Replacement, $710 Fee + Deposlt determined by staff (1 set of approved ptans required)
tr Bond Release, $710 Fee + Deposit determined by staff
Tvoe of Bonds:
tr Grading
E Monument
E Street lmprovement
O Water
tr
tr
Landscape
Sewer
Project Descripti on.Audie Murphy Ranch - Street lmprovements 50% Reduction
TracUParcel/Grading/l mprovement No
Bond Number. : TM 52357 97
Tract 36485-F
r Mitland 01 LLCName of
Signatu
Mailing Address
Costa Mesa, CA 92626
St;ruw bww 714-200-1609hone #:
AX number:
shaun.bowgn@brmkfi€ldpropertiesdevelopment comEmail Address
Name of Applicant
Authorized Signatu
contact, ShSUI Bowen
S bww Phone #:
Mailing Address AX number:
FINAL INSPECTION BY:APPROVAL DATE SIGNATURE
5t06t2020
29844 Haun Road - Menifee, CA 92586 - phone (95116724777 - ta\ (951) 679-3843
APPLIGATION FOR BONDS
3200 Park Center Drive, Suite 1000
Email Address:_