KB Home Coastal, Inc. Bond Release Letter 30021588
ORIGINAL POSTED SECURITIES:
_____________________________________________________ _______________________________________________
Cheryl Kitzerow, AICP Date
Community Development Director
Bond Type & Number Original Bond
Amount
Released
Amount
Release
Date
Maintenance Bond
Amount being witheld
DocuSign Envelope ID: 1D342E80-6722-4067-9C6A-A9CB8FD4A6B8
$234,286
DateBrandon Cleary
3/8/2024
Associate Planner
3/8/2024HOA Landscape Bond
Bond No. 30021588 $234,286
March 8, 2024
KB Home Coastal, Inc.
36310 Inland Valley Drive
Wildomar, CA 92595
RE: Hidden Hills HOA Entries, Plot Plan 2016-273, KB Home Coastal, Inc., The Continental Insurance Company, Bond No.
30021588
Plot Plan No. 2016-273 is for three (3) HOA Entry Ways including, Entry Monument Signs and Landscape and Irrigation,
including decorative asphalt and various streetscape elements, within Open Space Lots in the Hidden Hills Community
- Tract Nos. 30142 and 30142-2. This approval covers the lots listed below:
Plan set L-1 – Lots 201 and 203 (Beth Avenue)
Plan set L-2 – Lots 200, 210 and 211 (Quilt Way)
Plan set L-3 – Lots 208-209, 213-214 and 216 (Yeoman Place)
The project has been completed to the satisfaction of the Community Development Department. All landscaping within
the HOA Entries have been installed and passed inspection by the City of Menifee's Landscape Inspector.
The project did not enter into the 1-year maintenance agreement as it was not requested however, since the landscape
has been approved and inspected by the City of Menifee and the landscaping maintenance has been turned over to the
HOA, The City agrees to release the full landscape bond and to not require the 1-year maintenance period. The
landscaping has been maintained for over a year, meeting the intent of the 1-year maintenance period and the
performance security/bond process.
$0
3/8/2024
1-YEAR MAINTENANCE BOND RELEASE REQUEST:
1-YEAR MAINTENANCE SECURITY (12 MONTH HOLD):
_____________________________________________________ _______________________________________________
Cheryl Kitzerow, AICP Date
Community Development Director
If you have any questions or concerns, please contact Edna Aguilar at eaguilar@cityofmenifee.us.
Sincerely,
Edna Aguilar
Management Analyst
Enclosure(s):
☐ Copy of Bond
☐ Exhibits
☐ Other: _______________________________________________
Bond Number
1-Year
Maintenance Bond
Amount
Released
Amount
Release
Date
City Clerk
Approval for Release
DocuSign Envelope ID: 1D342E80-6722-4067-9C6A-A9CB8FD4A6B8
N/AN/A
N/A N/A
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