Sutter Mitland 01, LLC Bond Release Letter PM32669 TM5214536
ORIGINAL POSTED SECURITIES:
Bond Type & Number Original Bond Amount Released Amount Release Date
Warranty Bond Amount Being Witheld
DocuSign Envelope ID: B473566E-D29D-4EC6-8CD9-E6DD0E6A7D54
12/04/2023$ 1,509,000Faithful Performance
TM5214536
$ 1,509,000 $ 0
December 4, 2023
Sutter Mitland 01 LLC
Attn: Shawn Bowen
3200 Park Center Drive, Suite 1000
Costa Mesa, CA 92626
Re: Full Release of Bond No. TM5214536 – Audie Murphy Ranch, PM 32669 – Salt Creek Water Quality Basin GP11-002
Dear Mr. Bowen,
On July 19, 2023, the City Council accepted the public improvements constructed for drainage and water quality for the Salt
Creek Channel. The City has now approved the full release of the faithful performance and material and labor securities submitted
as grading bond no. TM5214536. The original bond documents will be mailed to the address above. Electronic copies of this
release will be emailed to the following:
Shaun Bowen at shaun.bowen@brookfieldpropertiesdevelopment.com
The original bond information and release history is provided below.
MATERIAL & LABOR BOND (90 DAY HOLD)
WARRANTY BOND (12 MONTH HOLD)
____________________________________________________________
Nick Fidler, P.E. Date
Public Works Director
If you have any questions or concerns, please contact Edna Aguilar at eaguilar@cityofmenifee.us.
Sincerely,
Edna Aguilar
Management Analyst
Bond Number Original Bond Amount Released Amount Release Date
City Clerk Approval for Release
Bond Number Original Bond Amount
Warranty Bond Amount Being Withheld
Release Date
Warranty Bond Amount Being Released
DocuSign Envelope ID: B473566E-D29D-4EC6-8CD9-E6DD0E6A7D54
12/04/2023Material & Labor
TM5214536
N/A
$ 754, 500 $ 754,500
12/4/2023