KB Home Coastal, Inc. Bond Release Letter TM30142-1 0151421MENIFEE
New. Better. Best.cityor.nenifee.ur
July 14, 2021
KB Home Coastal, Inc.
36310 lnland Valley Drive
Wildomar, CA 92595
Subtect: City of Menifee, KB Home Coastal, lnc., Tract 30142-1, Bond Reduction
The City Council at its June 16, 2021 meeting approved the release for the reduction and release of the
of the following bond.
o 90% Reduction - Faithful Performance Bond No. 0151421 - $3,435,000. Release - l\rlaterial and Labor Bond No. 0151421 - $1,717,500
Enclosed is the original Material and Labor bond and a copy of the Faithful Performance Bond
Please let me know if you have any questions
Sincerely,
Stephanie Roseen,
Deputy City Clerk
Enclosure
Matt Liesemeyer Dean OeinesBrll 2rmmPrman Les.r A Sobek Bob Kirwrn
,l
Armando G Vrlla
To whom it may concern,