KB Home Coastal, Inc. Bond Release Letter TR30142-1 1145788MENIFEE 29844 Haun Road Menifee. CA 92586
951-672-6771 Fax 951 679 3843
New. Better. Best.cityofmenifee.us
November 23,2022
KB Homes
Attn: Steve Brennan
36310 Inland Valley Dr., Suite 300
Wildomar, CA 92595
RE: KB Homes, City of Menifee, TR No. 30142-1, Warranty Bond Release
Bond Nos. 751416, 7745788 & 7745787
To whom it may concern,
The City of Menifee's Engineering Department has approved the full release of Warranty Bond Nos
1,51416,1145788 and 7745787 for TR No. 30L42-I, based on all conditions being satisfied.
Belowyou will find the schedule ofrelease for Bond Nos. 151416,1145788 and 1745787:
Enclosed is a the original bond for your reference. Please let me know ifyou have any questions.
Sin ly,
Aguilar
17457 BB (Faithful Performance Bond)$383,000 $38,300
1,1,45787 (Material and Labor Bondl $191,500 $19,100
151416 (Faithful Performance Bond)$888,000 $8B,Boo
157416 (Material and Labor Bondl $444,000 $44,400
Warranty
Bond Release
Date
1,t/23/22
tt/23/22
rL/23/22
11/23/22
$38,300
$1e,100
$88,800
$44,400
\00/o
Warranty
Bond Held
Released
Amount
Bill Zimmerman
M.ryor
Dean Deines
l'4.ryor Pro Ienr
Drstftct 4
Matt Liesemeyer
Councrlmpmber
Drstflct 2
Armando G. Villa
City M.tndqer
Bob Karwin
Council,nembPr
Disrr.r 1
Lesa A. Sobek
Councilmembr'r
Di;tr rcl 3
Management Analyst, City Clerk's Office
Bond No.
Original
Bond
Amount
MENIFEE 29844 Haun Road Menifee. CA 92586
951 672 67-t7 Fax 95t 679 3843
New. Better. Best.cityof meniree. us
May 13, 2021
KB Home Coastal, lnc
36310 lnland Valley Drive
VVildomar, CA 92595
subject: city of Menifee, KB Home coastar, rnc., Bond Rerease and Reduction, TR 30142-1
To whom it may concern,
i:l[ or'' 21' 2021 city Council meeting the City Councit approved a 9oo/o reduction of the fo owing
. Faithful Performance Bond No. 15t416 from $8gg,OOO to $gg,8OO. Materiat and Labor Bond No. 151416 from 5444,000 to $44,400. Faithful Performance Bond No. 1j45789 from $3g3,000 to $38,300. Materiat and Labor Bond No. 114'7ggfrom $191,500 to $19,100
Enclosed are a copy of the bonds for reference.
flt"ttt tn" Aprll 21.2021 City Council meeting the city councit approved the retease of the fo owing
. Faithful Performance BondMarranty No. 151423o Faithful Performance BondMarranty No. 1 1457g9o Faithful Performance BondMarranty No. 1 1457gso Wananty Bond No. 114SlU. Warranty Bond No. 114'lg0. Wananty Bond No. j1r45lg7 -
Enclosed are the originar bonds for Nos. 151423, 114s7g4,1145790, and 114s7g7. The ciry is unabreto locate the originar bonds for Nos. 1145799 and 11457g5, encrosed are copies.
Please let me know if you have any questions.
Sincerely,
Stephanie Roseen,
Deputy City Clerk
Enclosure
Lesa A. Sobek
Mayor Pro Tenl
Drstncl 3
Matt Liesemeyer
Councrlmembt,r
Drslicl 2
Armando G, Villa
C ly Mao.rqe'
Bill Zimmerman
M,r yor
Bob Karwin
Councrlnrember
Orstnct l
Dean Deine!
CoLllrcrtntefirhPr
Drslrrcl4
(