KB Home Coastal, Inc. Bond Release Letter TR30142-1Scott A, Mann
Moyor
John V. Denver
Moyor Pro Tem
District 4
Greg AuBust
Councilmember
District 1
Matthew Liesemeyer
Councilmember
District 2
Vacant
Councilmember
District 3
29714 Haun Road
Menifee, CA 92586
Phone 95i.672.6?77
Fax 951.679.)84)
vww.cityofmenifee.us
August 6, 2015
Berkley Regional Insurance Company
505 No. Brand Blvd. Suite 1040
Glendale, CA 91203
KB Home Coastal Insurance
36310 Inland Drive
Wildomar, CA92525
Re: Peformance Bonds for Tract Map 30142-1 KB Coastal, Inc.
Enclosed are the original Performance Bonds and Material and Labor
Bonds for TR 30142-1.
The City Council authorized the release of the Bonds and a 10%
retention bond at its August 5, 2015 City Council meeting. The draft
minutes of the meeting are attached as reference of the approval of
the item.
Please let us know if you have any questions.
Sincerely,
Kathy Bennett
City Clerk
lmprovement Security Faithful
Performance Labor & Materials
Road & Drainage 1145784 $2,1 I 7,000 $1,058,500
Sewer
Water
1145787
1 145790
$ 337,000
$ 313,000
$168,750
$156,500
Placement of
Survey Monuments
0151418 $ 77,000 N/A
TOTAL $2,844,000 $1,383,750
&r r4-