Sutter Mitland 01, LLC Bond Release Letter TM36485-1 TM5190099MENIFEE
New. Better. Best.
29844 Haun Rd. Menifee CA.92586
19511 672-6777 I Fax (gsl) 679-3843
cityofmenifee.us
Marcll 22,2023
Sutter Mitland 01 LLC
Attn: Shaun Bowen
3200 Park Center Drive, Suite 100
Costa Mesa, CA 92626
RE: Sutter Mitland 01, LLC, City ofMenifee, TM36485-1, Bond Release, Bond No. TM5190099/015050555
To whom it may concern,
The City of Menifee's Engineering Department has approved a full release of the remaining l0o/o of
the Faithful Performance and Material and Labor Bond for Tract Map No. 36485-1 due to all
conditions being satisfied.
Below u will find the schedule of release for Bond No. TM5190099 015050555:
* The released amount column represents the cummulative total of each bond's reduction from the
original bond amount and as of the released date.
Enclosed is the original bond rider for the Faithful Performance and Material & Labor Bonds.
Sincere
ilar
Management Analyst, City Clerk's 0ffice
TM 5190099/01s0s0sss
(Faithful Performance Bond)51,714,500 So.oo
TM5190099/01505055s
(Material & Labor Bond)s857,250 So.oo
Released
Amount*
S1,714,s00
Release
Date
3122123
Bond No
s8s7,2s0 3122123
Original Bond
Amount
Bond Amount being
witheld
Bill Zimmerman
M.iyor
Bob Karwin
Mayor Pro Tem
Orstl!ct 1
Ricky Estrada
CoLrncrlmember
Distnct 2
Dean Deines
CoL]l]crlmemtter
District 4
Armando G. Villa
Crty Man.]ger
Lesa A. Sobek
Councrlmembe.
Distflct 3
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