Lennar Homes of California, Inc. Bond Reduction Letter TM34406-3 024235844MENIFEE
New. Better. Best.
29844 Haun Rd. Menifee CA. 92586
(9s11672-6777 I Fax (951) 679-3843
cityofmenifee.us
March7,2023
Lennar Homes of California, Inc
Attn: Bryce Fleming
980 Montecito Drive, Suite 302
Corona, C492879
RE: Lennar Homes of California, Inc., City of Menifee, TM 34406-3, Hampton (Heritage LakesJ,
50% Bond Reduction, Bond No. 024235844
Below u will find the schedule ofrelease for Bond No. 024235844:
Enclosed is the Engineering Bond Reduction Request Letter and copies of original bonds for your review.
Since ly,
Ed lar
M ment Analyst, City Cterk's Office
Bill Zimmerman Bob Karwin Ricky Estrada Lesa A. Sobek Dean Deines Armando G. Villa
Mayor Mayor Pro Tenl Councllmember Councrlmember Councllmember Clty M(rnager
Drslflct 1 Distrrct 2 Drstrrcl 3 Drstrict 4
@copv
317123S3,s66,ooo024235844
(Fa ithfu I Performance Bond)
N/As1,783,000024235844
(Material & Labor Bond)
New Bond
Amount
s1,783,000
To whom it may concern,
The City of Menifee's Engineering Department has approved a 500/o bond release of the Faithful
Performance Bond for TM 34406-3 (Hampton (Heritage Lakes)J.
The Material and Labor bond will remain at 50% ofthe original Faithful Performance bond amount
and will be released in full following the acceptance of the public improvements, per City security
release policy.
Bond Reduction
Amount
(S1,783,000)
Bond No.
N/A s1,783,000
Red u ctio n
Date
Original Bond
Amount