Centerpointe, LLC. Bond Release Letter PPPLN20-0226 800055466MENIFEE
DATE: January 10,2023
TO:
CC:
Edna Aguilar, Management Analyst I
Cheryl Kitzerow, Community Development Director
29844 Haun Road r Menifee. CA 92586
951-67 2-6777 , Fax 951-679-3843
FROM: Ryan Fowler, Principal Planner
RE:Bond Release for Planning Case PP PLN 20-0226 "Center Pointe Site
Reconstruction Agreement"
Planning App No
Applicant Name:
Surety Name:
Bond/CD No.:
Bond Amount:
Other:
PP PLN 20-0226
Centerpointe, LLC
Atlantic Specialty Insurance Company
800055466
$56,192
Attachments:. Bond Release Letter. Receipt for New Security Deposit. Replacement Agreement by "Charles Park and Karen Park, Trustees of the Park Family
Trust dated February 22, 2001'o Previous Faithful Performance Bond for Site Reconstruction Agreement
New. Better Best.cityofmenifee.us
Attached is a bond release letter and a replacement agreement for the new owner of the Center
Pointe easterly parcel. They have submitted a cash security deposit in the same amount as
what the original developer (Centerpointe, LLC) had provided in bond form. We'd like to release
Centerpointe from its current bonding obligation and replace it with the attached new agreement
with the new owner.
Prciect Descri,tion
Plot Plan No. PLN 20-0226 proposes minor revisions to previously approved Plot Plan No.
2018-217 ("Center Pointe Development"). Plot Plan No. 2018-217 (PP 2018-217) was
approved by the City of Menifee Community Development Director on October 3, 2019 for the
construction and operation of a retail commercial center ("Center Pointe").
MENIFEE 29844 HaLrn Road r Menifee, CA 92586
951-572"6777 Fax 951'679 3843
cityofmeniJee.us
January 10,2023
TO: Atlantic Specialty lnsurance Company
1777 Sentry Parkway West, Suite 230
Blue Bell, PA 19422
CC: Centerpointe, LLC
402 W. Broadway, Suite 780
San Diego, CA 92101
Attn: Jonathan Cheng
RE: Security Release for Plot Plan No. PLN 20-0226 (Center Pointe Site
Reconstruction Agreement)
The City of Menifee Planning Division has received a replacement security deposit in
the amount of $56, 1 92 from "Charles Park and Karen Park, Trustees of the Park Family
Trust dated February 22,2001" (Prospective Landowner) for Bond No. 800055466.
Bond No. 800055466 was for site reconstruction improvements related to Plot Plan
No. PLN 20-0226 (Center Pointe). Therefore, based on the receipt of the replacement
security deposit, the Planning Divrsion approves the bond release for this project (Bond
No. 800055466).
Please contact the Planning Division at 951 723-37 40, if you have questions or need
additional information.
Sincerely,
City of Menifee Community Development Department
/Lffi..
New. Better. Best.
L