KB Home Coastal, Inc. Bond Reduction Letter TM30142-1 0151421MENIFEE r,t I
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New. Better. Best.cityof menifee.us
July 14,2021
KB Home Coastal, Inc.
36310 lnland Valley Drive
Wildomar, CA 92595
Subject: City of Menifee, KB Home Coastal, lnc., Tract 30142-1, Bond Reduction
To whom it may concern,
The City Council at its June '16, 2021 meeting approved the release for the reduction and release of the
of the following bond.
. 90o/o Reduction - Faithful Performance Bond No. 0151421 - $3,435,000o Release - Material and Labor Bond No. 0151421 - $1.71 7.500
Enclosed is the original Material and Labor bond and a copy of the Faathful Performance Bond
Please let me know rf you have any questions
Sincerely,
Stephanre Roseen,
Deputy City Clerk
Enclosure
Les.r A. Sobek Matt Lresemeyer Dean OeinesSrll ZrmmPrm.rn Bob K.rrY/rn Armando G Vrlla