Hagop Kofdarali Bond Release Letter HACS-10-A-0009 PM37130
_________________________________________________ __________________________________________
ORIGINAL POSTED SECURITES:
BOND TYPE & NUMBER ORIGINAL BOND AMOUNT RELEASED AMOUNT RELEASED DATE
WARRANTY BOND AMOUNT BEING WITHELD
DocuSign Envelope ID: E8A0CE37-258C-41E8-B6B3-B35E85A44BC0
$ 873,450 11/15/2023 $ 97,050$ 970,500
February 14, 2024
Hagop Kofdarali
139 Radio Road
Corona, CA 92879
RE: 90% Security Release – PM37130 - McCall Plaza - Bond No. HACS-10-A-0009
To whom it may concern,
On November 15, 2023, the City of Menifee City Council accepted streets, drainage, water, and
sewer system improvements and authorized the 90% reduction of the posted faithful performance
securities for Parcel Map No. 37130, McCall Plaza. 10% of the faithful performance bond amount
will be held as a Warranty Bond for a period of 12 months from the date of acceptance.
The Material and Labor bond is also being released in full as of the date of this letter. A copy
of the faithful performance bond and the original of the Material and Labor Bond will be
provided via mail to the address above.
Electronic copies of this letter and any attachments will be sent to the following contacts at
each remaining stage of the release process:
Hagop Kofdarali at McCall@jntmgmt.com
Ino Cruz at Ino@jntmgmt.com
Faithful Performance
HACS-10-A-0009
Alberto Paiva,
P.E. City Engineer
2/14/2024 Edna Aguilar,
Management Analyst 2/26/2024
FUTURE BOND RELEASES
_________________________________________________
_________________________________________________
If you have any questions or concerns, please contact Edna Aguilar at eaguilar@cityofmenifee.us .
Sincerely,
Edna Aguilar
Management Analyst
MATERIAL & LABOR BOND (90 DAY HOLD)
BOND NUMBER ORIGINAL BOND AMOUNT RELEASED AMOUNT RELEASED DATE
CITY CLERK APPROVAL FOR RELEASE
WARRANTY BOND (12 MONTH HOLD)
BOND NUMBER ORIGINAL BOND AMOUNT
WARRANTY BOND AMOUNT BEING WITHELD
RELEASED DATE
WARRANTY BOND AMOUNT BEING RELEASED
DocuSign Envelope ID: E8A0CE37-258C-41E8-B6B3-B35E85A44BC0
$ 485,250
Kris Jensen,
Financial Analyst
N/A
HACS-10-A6-0015 $ 485,250
$ 970,500 N/AHACS-10-A-0009
Alberto Paiva,
P.E. City Engineer
$ 97,050
02/14/2024