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Sutter Mitland 01, LLC Bond Release Letter 30027001 TM36485-11MENIFEE 298214 Ha.un Road Men'lee, CA 92586 951 672.6777 Fax 951.679-3843 New. Better. Best.cityolmenilee.us January 28,2020 Continental Casualty Insurance 333 South Wabash Ave. Chicago, IL 60604 Re: Sutter Mitland 01, LtC, City of Menifee, TM 36485-11 75o/o Bond Reduction, Bond No. 30027001 On January L5,2020, the City Council accepted Surety Rider No. 1 and approved the 75olo bond reduction of the Performance and Material and Labor Bond listed below. Performance Bond No. 30027001 - $1,809,500 Material and Labor Bond No. 30027001 - $904,750 Please let me know if you have any questions. Sincerely, rah A. Manwaring City Clerk cc: Sutter Mitland 01, LLC Enclosures \ MENIFEE 29844 Hnurr Road Menrtee. CA 92586 951612 6777 , F.r 951 679 f84l New. Better. Best.cityof meoilee. us City of Menifeelanuary27,2020 City Clerk Sarah Manwarinc JAN 2 3 2020 City Clerk City of Menifee Recelved Subject: 75% Bond Reduction for Tract 36485-11 Dear Sarah: On January 75,2020, the City of Menifee City Council approved the 75o/o Bond Reduction ofthe Improvement Bond for Tract 36485-11. 1.O nal Bond Amounts: 2. Reduced Bond Amounts: Please let me know ifyou have any questions Since f onathan Smith, P.E. Director of Public Works and Engineering / City Engineer Tract Security Faithful Performance Labor & Material TM36485-11 30027001 $ 1,809,500 $ 904,750 Total $ 1,809,500 $ 904,750 Tract Faithful Performance Labor & Material TM36485-11 $ 452,000 $ 226,000 Total $ 452,000 $ 226,000 Lesa Cut,, D,!1, gill Zrmmerman Matt Liesemeyer D \lr,,l2 Greg August c(r(,r1,. l.n.:mbe Drstr (! l A. Sobel '.i 3 D€an Deines CouncrinremlJPr Or5tncl4 Armando G. Villa Crly M.lrr.rq(.1