Sutter Mitland 01, LLC TM36485-1 15050555MENIFEE 29844 Haun Road Menrfee. CA 92586
951-672-6Tn Fax 951-679 3843
New. Better. Best.cityolmenifee.us
December 5, 2019
Continental Casualty Insurance
333 South Wabash Ave.
Chicago, IL 60604
Re: Sutter Mitland 01, LLC, City of Menifee, TR 36485-1 & -10;
750lo Bond Reductions for Faithful Performance and Material and Labor Bonds
On November 6, 2019, the City Council approved a 75o/o bond reduction and accepted the
surety for the following bonds. The original bonds are enclosed.
Sincerely,
Sa A. Manwaring
Clerk
cc: Sutter Mitland 01, LLC
Enclosures
h
1. TR 36485-1 Faithful Performance Bond No. TM5190099/15050555 - $1,714,500
2. TR 36485-1 Material and Labor Bond No. TM5190099/15050555 - $857,250
3. TR 36485-10 Faithful Performance Bond No. 30027002 - $2,072,0004. TR 36485-10 Material and Labor Bond No. 30027002 - $1,036,000
Please let me know if you have any questions.
MENIFEE
New. Better. Best.
November 26,2019
Sarah Manwaring
City Clerk
City of Menifee
Developer Contact lnfo:
Shaun Bowen
Shaun.bowen@brookfi eldrp.com
7t4.200.7609
1. Ori nal Bond Amounts
Tract
TM36485-1
TM36485-2
TM36485-3
TM36485-7
TM36485-8
TM36485-10
TM32025
298J4 Haon E
951 672 67'71
cityolmenilee. us
Menrf,'e CA 92586
l5r 579 3943
Subiect: 75o/o Bond Reductions - Audie Murphy Ranch
Dear Sarah:
On November 6th, 2019, the City of Menifee City Council approved the 75% Bond
Reductions of the following AMR Tract Improvement Bonds.
Bill Zimmerman Greg August
Total
Faithful Performance bor & Material
TM5190099 /
15050555
$ 1,714,500.00 $ 8s7,250.00
1000829629 /
TCSo171585
$ 3,93s,000.00 $ 1,967.500.00
1000829620 /
TCSo171576
$ 2,351.000.00 $ 1,175,500.00
TM36485-4 1000829621 /
TCSO171573
$ 3,066,000.00 $ 1,533,000.00
TM5207 442 $ 3,467,ooo.oo $ 1,733,500.00
TM5207 443 $ 1,740,000.00
TM36485-9 TM5207 444 $ 4,r71,5oo.oo $ 2,085.750.00
30027002 $ 2,072,000.00 $ 1,036,000.00
TMs156514 /
015043705
$ 9,125,500.00 $ 4,562,750.00
TM31822-1 929630704 $ 867,000.00 $ 433,500.00
TM3t822-2 TM5207 429 $ 2,937,500.00 $ 1,468,750.00
$ 37,187,000.00 $ r8,593,500.00
Matt Liesemeyer Lesa A. Sobek Oean Deines Armando G. Villa
Security
$ 3,480,000.00
New. Better. Best.
2. Reduced Bond Amounts
Tract
TM36485-7
TM36485-8
TM3 2025
TM31822-1
Please let me know ifyou have any questions
Sincerely,
fonathan C. Smith, PE, QSD, QSP
Director of Public Works / City Engineer
cityotmeniree.us
2984:l H.rr,n
)51.672 67-1
Menrie;, CA 92 586
9sr 679 3343
Faithful Performance Labor & Material
TM36485-1 $ 429,000.00 $ 214,500.00
TM36485-2 $ 984,000.00 $ 492,000.00
TM36485-3 $ 588.000.00 $ 294,000.00
TM36485-4 $ 766,500.00 $ 383,250.00$ 867,000.00 $ 433,500.00
$ 870,000.00 $ 43s,000.00
TM36485-9 $ 1,043,000.00 $ 521,500.00
TM36485-10 $ 518,000.00 $ 259,000.00
$ 2,281,000.00 $ 1,140,500.00
$ 108,500.00
TM3t822-2 $ 734,000.00 $ 367,000.00
Total $ 9,297,500.00 s 4.648,750.00
Eill Zimmerman Greg Augusl
t,l ,. ;.-Matl Liesemeyer Les. A. Sobek Dean Dernes Armando G Villa
MENIFEE
$ 217,000.00