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CalCruz Express Bond Release Letter CUP2015-157 381717SMENIFEE 29844 Haun Road Menifee, CA 92586 951-672 6777 Fax 951679 3843 New. Better. Best.cityotmenitee.us December 5,2019 Indemnity Company of California L7771 Cowan St., Ste. 100 Irvine, CA 92614 Re: Cal Cruz Express, City of Menifee, CUP 2015-157, IP16-032 90o/o Bond Reduction and Material and Labor Bond Release, Bond No. 3817175 On November 6,2019, the City Council approved the release of the 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 - 9378,0002. Material and Labor Bond - 9189,000 Sincerely, rah A. Manwaring ity Clerk Please let me know if you have any questions.