KB Home Coastal, Inc. Bond Release Letter TM30142-1 0151418
_________________________________________________ __________________________________________
ORIGINAL POSTED SECURITES:
BOND TYPE & NUMBER ORIGINAL BOND AMOUNT RELEASED AMOUNT RELEASED DATE
WARRANTY BOND AMOUNT BEING WITHELD
DocuSign Envelope ID: 65118D4D-A580-4E8E-850E-D57BDF6504B0
$ 0
April 23, 2024
KB Home Coastal, Inc.
Attn: Steven Brennan
36310 Inland Valley Dr., Suite 300
Wildomar, CA 92595
RE: Full Security Release – Hidden Hills - Tract 30142 – Hidden Hills - Bond No. K079827A,
Tract 30142-1 - Bond No. 0151418, and Tract 30142-2 - Bond No. K07948232
Dear Mr. Brennan,
The City of Menifee Public Works Engineering Division has completed inspections for, and hereby
accepts, the subdivision monuments for Tract Nos. 30142, 30142-1, and 30142-2 in the Hidden Hills
development. Please accept this letter as notice of full release of the securities associated
with these improvements as detailed in the table(s) 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 related attachments will be sent to the following contacts:
Steve Brennan at sbrennan@kbhome.com
The original bond information and release history (if any) is provided below:
$ 165,600 $ 165,600
Subdivision Monument
0151418 04/01/2024
Subdivision Monument
K079 $ 0$ 176,760$ 176,760 04/01/2024
$ 77,000 $ 0
Subdivision Monument
K079827A
$ 77,000
04/01/2024
Alberto Paiva,
P.E. City Engineer
4/25/2024 Edna Aguilar,
Management Analyst 5/1/2024
48232
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: 65118D4D-A580-4E8E-850E-D57BDF6504B0
N/A
N/A
Kris Jensen,
Financial Analyst
N/AN/AN/A
Alberto Paiva,
P.E. City Engineer