Scott Road Partners, LLC Bond Release Letter IP22-021 GP22-006Bond Type & Number Original Bond Amount Released Amount Release Date Warranty Bond Amount Being Withheld
If you have any questions or concerns, please contact Edna Aguilar at eaguilar@cityofmenifee.us.
Edna Aguilar Management Analyst Date
Original Posted Securities:
Date Nick Fidler, P.E. Public Works Director
DocuSign Envelope ID: BB3465EB-6D91-4922-BF2F-35FA85AB4724
$149,720.00
$258,625.00
October 15, 2023
Scott Road Partners
c/o Jupiter Holdings
Attn: Bob Birmingham
24 Corporate Plaza, Suite 100
Newport Beach, CA 92660
RE: Security Releases for Scott Road Commerce Center II (GP22-006, IP22-021)
To whom it may concern,
On October 4, 2023, the City of Menifee City Council authorized the City Engineer to
release 100% of the improvement securities submitted by Scott Road Partners, LLC for the
Scott Road Commerce Center II project.
Effective immediately, all improvement and grading securities listed below, including
material and labor bonds, are released in full. City of Menifee Check No. 59266 in the
amount of $23,500 was previously delivered to Scott Road Partners, LLC c/o Jupiter
Holdings and served to complete the refund of the cash portion of the original erosion
control bond previously held by the City.
Original copies of the bonds listed below will be mailed to Jupiter Holdings at the
address shown above. Electronic copies of this release letter have been emailed to the
following:
Bob@jupiterholdings.com
Kassen@KassenKlein.com
$ 0
$ 0
$
$149,750.00
$258,625.00
PERFORMANCE BONDS
IP22-021 Bond #CMS0348759
GP22-006 Bond #CMS0348754
Please Note: Execution of the two signature lines below will serve as the full and final approval
for 100% release of these securities. No additional form signatures will be required.
$299,500.00
$517,250.00
$299,500.00
$517,250.00
$ 0
$ 0
10/05/23
10/05/23
10/05/23
10/05/23
$
MATERIAL & LABOR
IP22-021 #CMS0348759
GP22-006 #CMS0348754
10/15/202310/16/2023
MATERIAL & LABOR BOND (90 Day Hold)
Bond Type & Number Original Bond Amount Released Amount Release Date Engineering Approval for Release
Edna Aguilar Management Analyst Date Kris Jensen Financial Analyst Date
WARRANTY BOND (12 Month Hold)
Original Bond Amount
Warranty Bond Amount Being Withheld
Final Release Date Warranty Bond Amount Being Released
Edna Aguilar Management Analyst Date Date
If you have any questions or concerns, please contact Edna Aguilar at eaguilar@cityofmenifee.us.
Sincerely,
Edna Aguilar Management Analyst
Nick Fidler, P.E. Public Works Director
FUTURE BOND RELEASES
Bond Number
DocuSign Envelope ID: BB3465EB-6D91-4922-BF2F-35FA85AB4724
$MATERIAL & LABOR
IP22-021 #CMS0348759
GP22-006 #CMS0348754
Please Note:
Please Note:
$
$10/05/23
$