Lennar Homes of California, Inc. Bond Reduction Letter TM36303 30077060New. Better. Best.
@copyMarch 7 , 2023
Lennar Homes of California, Inc
Attn: Bryce Fleming
980 Montecito Drive, Suite 302
Corona, CA92879
RE: Lennar Homes of California, Inc., City of Menifee, TM 36303, IP19-005, Menifee Town Center DAS,
50% Bond Reduction, Bond No. 30077060
ou will find the schedule of release for Bond No. 30077060:
Enclosed is the Engineering Bond Reduction Request Letter and copies oforiginal bonds for your review.
Sincere
E ila
Management lyst, City Clerk's Office
3/712330077060
(Faithfu I Performance Bond)Ss,881,soo
s2,94O,7sO N/A30077060
(Material & Labor Bond)
50% ReductionBond No Original Bond
Amount
Bill Zimmerman
Mayor
Bob Karwin
Mayor Pro Tem
Drstflct 1
Lesa A. Sobek
Councilmember
Drstrict 3
Armando G. Villa
Crty Man.lqer
MENIFEE 29844 Haun Rd. Menifee CA. 92586
19311672-6777 I Fax (951) 679-3843
cityofmenifee.us
To whom it may concern,
The City of Menifee's Engineering Departrnent has approved a 50%o bond release of the Faithful
Performance Bond for IP19-005 (Menifee Town Center DA5) based on all conditions being satisfied.
The Material and Labor bond will remain at 50o/o of the original Faithful Performance bond amount
and will be released in full following the acceptance of the public improvements, per City security
release policy.
Below
New Bond
Amount
52,940,7sO(s2,940,7s0)
N/A s2,940,750
Reduction
Date
Ricky Estrada
Councrlmember
Drstrict 2
Dean Deines
Counolmember
District 4