Sutter Mitland 01, LLC Bond Release Letter TM31822-1 329630704MENIFEE 29844 Haun Road Mendee. CA 92586
951-672 677', Fax 951 679 3843
New. Better. Best.
February 19,2020
Continental Casualty Company
333 S. Wabash Avenue, 41s Floor
Chicago, IL 60604
Re: Sutter Mitland 01, LLC, City of Menifee, TM 31822-1
Bond Reduction/Release, Bond No. 929630704
On November 6,20L9, the Menifee City Council approved a 75% bond reduction on the bonds
noted below.
At the February 5, 2020 City Council meeting the City Council approved the 90o/o bond
reduction for the Faithful Performance Bond and release of the Material and Labor Bond.
Enclosed is a copy of the Faithful Performance Bond and the Material and Labor bond for TM
31822-1 as follows.
Faithful Performance Bond No. 929630704 - $867,000
Material and Labor Bond No. 929630704 - $433,500
Please let me know if you have any questions.
Sincerely,
Sarah A. Manwaring
City Clerk
cc: Sutter Mitland 01 LLC
Enclosure
cityolmenitee.us
@P/"-R'A"-/'
MENIFEE 29844 Haun Roact Men,lee. CA 92586
951672 6777 Fax 951 679.3843
New. Better. Best.cityormenitee.us
Iiebruary 5, 2020 City of Menifee
City Clerk
FEB 0 7 2020Sarah Manwaring
City Clerk
City of Menit'ee
Subject:
Dear Sarah:
90% Bond Reduction for Tract 3 I 822- I Improvement Bonds
On February 5. 2020. the City olMenilee City Council approved the release of the l0% Warrantee
Bonds lbr 'l ract I I 822- l .
A. Existing TM3l822- l lmprovement Bonds:
B. 90% Reduced Bonds:
Please let me know ilyou have any questions.
Sincerely,
lonathan Smith, P.E.
Director of Public Works and Engineering / City Engineer
Matl Liesem€yei
D,il ct 2
Greg August
Co!n!rlcr!'1b(
Drslftc! J
I mpror e ment S ccu ritr Faithful
Performance
Labor & Material
Streets and Drainage 9296307M s 424.500 $ 2l 2.250
Sewer 929630704 $ 180.s00 s 90.250
Water 929630704 $ 262.000 $ l3 1.000
Total s 867.000 s 433.500
lmprovement Sec u ritr Fairhful
Performance
Labor & trlaterial
Streets and Drainage 979630704 s 42.450 N/n
Sewer 929630704 s 18.050 N/A
Water 929630704 s 26.200 N/A'fotal s 86.700 N/A
Eill Zimmerman Les. A Sobek
Councrlmemtler
D,stflct 3
Dean Oeines
Councllnrcrnbe
Dr5lricl 4
Armando G. vi[a
CLly Mdna.ler