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CalCruz Express Bond Release Letter CUP2015-157 38171SMENIFEE 29844 Haun Road Menifee. CA 92586 951-67 2-6777 Fax 951-679 3843 cityotmenifee.us December 5, 2019 Indemnity Company of California LTTTLCowan St., Ste. 100 Irvine, CA 92614 Re: Cal Cruz Express, City of Menifee, CUP 2015-157, IP16-032 90olo Bond Reduction and Material and Labor Bond Release, Bond No. 3Bl7l7S On November 6,2079, the City Council approved the release ofthe Material and Labor Bond and the reduction of the Faithful Performance Bond as follows. The original Material and Labor Bond is enclosed. 1. Faithful Performance Bond - $378,0002. Material and Labor Bond - $189,000 Please let me know if you have any questions. Sincerely, rah A. Manwaring ity Clerk New. Better. Best.