Lennar Homes of California, Inc. Bond Reduction Letter TM36303 9311340MENIFEE
New. Better. Best.
29844 Haun Rd. Menifee CA.92586
(9511 672-6777 I Fax (95'l) 679-3843
cityofmenifee.us
March 7 ,2O23
Lennar Homes of California, lnc
Attn: Bryce Fleming
980 Montecito Drive, Suite 302
Corona, CA 92879
RE: Lennar Homes of California, [nc., City of Menifee, TM 36303, GP19-004R, Menifee Town Center DAS,
50% Bond Reduction, Bond No.9311340
To whom it may concern,
The City of Menifee's Engineering Department has approved a 50olo bond release of the Faithful
Performance Bond for Grading/Drainage & WQMP improvements (Erosion Control portion of the
Faithful Perfomance Bond excluded from this reduction) for GP19-004R (Menifee Town Center
DAsl.
The Material and Labor bond will remain at 50%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 you witt find the schedule of release for Bond No. 9311.340:
Enclosed is the Engineering Bond Reduction Request Letter and copies of original bonds for your review.
Sin rel v,
L ilar
@copv
n
Man ent Analyst, City Clerk's Office
s746,s00 3/7 /239311340
(Faithful Performance Bond)
N/A9311340
(Material & Labor Bond)S:zs,zso
Bond Reduction
Amount
(s324,7s0)
N/A
Ricky Estrada
Councrlmember
Distnct 2
Armando G. Villa
Crty Manaqer
Bill Zimmerman Bob Karwin
Mayor Pro Tem
Drstflct I
Dean Deines
Councrlmember
Drstnct 4
New Bond
Amount
5421,7s0
Bond No.
s373,2s0
Reduction
Date
Original Bond
Amount
Lesa A. Sobek
Councilmember
Drstrict 3