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KB Home Coastal, Inc. Bond Release Letter 30029021 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: 9866A030-771F-4FB4-95DC-386979858E7A 3/11/2024 3/11/2024 $31,000 $0 Brandon Cleary March 11, 2024 KB Home Coastal 36310 Inland Valley Drive Wildomar, CA, 92009 RE: Peppertree at Hidden Hills PP 2017-088, KB Home Coastal, The Continental Insurance Company, Bond No. 30029021 Plot Plan No. 2017-088 is for a Model Home Complex, including a temporary sales office, temporary parking, a temporary restroom, and landscaping and irrigation for Lot Nos. 136-140 of Tract Map No. 30142-2 (Peppertree at Hidden Hills). The Model Homes will be located on Lots 137-140 with the temporary sales office located within the home on Lot No. 137. Lot No. 136 will contain the temporary parking lot including eight (8) standard parking spaces and one (1) parking space for persons with disabilities. A temporary ADA accessible restroom screened by a temporary wood screen fence will be located on Lot No. 136 as well. TR30142-2 is located south of Craig Avenue, east of Murrieta Road and west of Evans Road. This approval also includes the following signage for the Model Home Complex: • One (1)- 15 sq. ft. Sales Center sign with an overall height of five (5) feet • One (1)- four (4) sq. ft. Sales Center Parking sign with an overall height of five (5) feet • One (1) flag pole for an American flag with a pole height of 17 feet • Miscellaneous “Watch Your Step” and “Landscape Disclaimer” signs as shown on the approved site plan. The City of Menifee Landscape Inspector has completed inspections at the model homes for Peppertree and the landscaping is consistent with City of Menifee standards. KB Home Coastal was granted occupancy of the model lots and turned the maintenance of the lots over to the property owners in August of 2021 and satisfied all conditions of approval for the Model Home Complex Approval and Tract Map No. 30142-2, therefore, the City of Menifee Community Development Department approves the full release of this bond. Model Home Complex Bond No. 30029021 Associate Planner $31,000 Date 3/12/2024 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: 9866A030-771F-4FB4-95DC-386979858E7A N/A N/AN/A N/A N/A X