Sutter Mitland 01, LLC Bond Reduction Letter 30027001 TM36485-11MENIFEE 298.14 Haun Road Menilee CA 92586
951-672-677, Fax 951 679 38a3
New. Better. Best.cityolmenilee.us
June 13,2022
Sutter Mitland 01, LLC
3200 Park Center Drive, Suite 1000
Costa Mesa, CA92626
Re: Sutter Mitland 01, LLC, City of Menifee, TM 36485-11
Bond Reduction, Bond No. 30027001
Bond Release, Bond No. 30027004
On May 18,2022 the City Council approved the 90o/o bond reduction of the Faithful
Performance bond and full release of Material and Labor Bond and Survey Monument Bond
listed below.
Performance Bond No. 30027001
Material and Labor Bond No. 30027001
Survey Monument Bond No. 30027004
Enclosed is a copy of the Faithful performance bond and the original Material and Labor and
Survey Monument Bonds.
Sincerely,
Stephanie Roseen,
Acting City Clerk
y'*
Enclosures
MENIFEE )844 r
;t 61'
New. Better. Best.cityotmenifee-us
May 79, 2022
Sarah Manwaring
City Clerk
City of Menifee
Subject: 90% Bond Reduction forTract Map 36485-11
Dea r Sa rah:
on May 18, 2022, the City of Menifee ciry Council approved a 90% Bond Reductron for Tract Map
36485-11 and release of the Survey Monument Bond. The original bond information is listed
below.
Original Streets & Drarnage, Water System, Recycled Water System and Sewer System Bond -
Bond No.30027001
Streets/Drain e
s180 950
0riginal Survey Monument Bond
Su Monument
Please contact lennifer Hernandez ifyou have any questions
Sincerely,
DJUh
Daniel Padilla, PE
Deputy Public Works Director/Ciry Engineer
30027001 $1,178,500 $s89.2s0 $1 17,850
Water 30027001 s270.000 $135.000 $27,000
Recycled Water 30027001 $34.500 $17,250 $3,450
Sewer 30027001 $326,500 $163.250 $32.650
Total $1,809,500 $904,750
Falthful
Pcrlormancr
(e0'6
R.ducllon)
30027004 $37.440 N/A
Falthful Pcrformance
(Orlglnrl Amount)(Ori inal Amount
Labor & llaterlals
Frllhtul L.bor & Il.rlalrPcrformrnco (Orlglnrl
(Orlglnal Amount) Amount)
lmprovcmcnt Srcurlty
lmprov.mcnt S.curlty