Sutter Mitland 01, LLC TM31822-1 929630704
_________________________________________________ __________________________________________
ORIGINAL POSTED SECURITES:
BOND TYPE & NUMBER ORIGINAL BOND AMOUNT RELEASED AMOUNT RELEASED DATE
WARRANTY BOND AMOUNT BEING WITHELD
DocuSign Envelope ID: 31476FC3-F036-4E74-A334-B4F632955F07
February 8, 2024
Sutter Mitland 01, LLC
Attn: Shaun Bowen
3200 Park Center Drive, Suite 1000
Costa Mesa, CA 92626
RE: Final Warranty Bond Release – TM31822-1 - Audie Murphy Ranch - Bond No. 929630704 and
Full release of Survey Monument Bond No. 929630703
Dear Mr. Bowen,
On February 5, 2020, the City of Menifee City Council accepted the streets, drainage, water, and
sewer system improvements for Tract Map No. 31822-1 in Audie Murphy Ranch. The Public Works
Engineering Department has now authorized the full release of the Warranty Bond (Faithful
Performance rider), Material and Labor Bond, and Subdivision Monument Bond as shown in the tables
below. A copy of this letter along with any original bond documents will be mailed to the
address above.
Electronic copies of this letter and any attachments will be sent to the following contacts at
each stage of the release process:
Shaun Bowen at shaun.bowen@brookfieldpropertiesdevelopment.com
02/08/2024 N/A$ 56,880$ 56,880
Improvement Bond
NO. 929630704
(Rider of $217,000)
Survey Monument
NO. 929630703
$0$217,000$ 867,000 02/08/2024
2/12/2024Alberto Paiva,
P.E. City Engineer
Edna Aguilar,
Management Analyst 2/27/2024
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: 31476FC3-F036-4E74-A334-B4F632955F07
NO. 929630704
(Rider of $108,500)$ 108,500
(Rider)
Alberto Paiva,
P.E. City Engineer
$ 433,500
02/08/2024$ 867,000NO. 929630704
(rider $217,000)
02/08/2024
$ 217,000
Kris Jensen,
Financial Analyst
$ 217,000