Loading...
17-1220_PACIFIC POINT DEVELOPMENT PARNTERS, LLC_Bond Reduction Letter32400 PASEO AOELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 4931171 (949) 4931053 FAx www. san)uancapstrano, mg December 20, 2017 Ironshore Indemnity, Inc. 725 S. Figueroa, Suite 3375 Los Angeles, CA 90017 To whom it may concern: MEMBERB OF THE CT' C W NCI l SERGIO FARIAS KERRY K. FERGUSON BRIAN L. MARYOTr PAM PATTERSON. ESO. DEREK REEVE This letter is to authorize the reduction of the following bonds posted with the City of San Juan Capistrano by Pacific Point Development Partners LLC, for subdivision improvements for Tracts 15609 and 16752: Bond Number Description Ori inal Amount Reduced Amount SUR21000005 Street Subdivision Improvements $451,554.00 $180,621.60 Tract 15609 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 15609 SUR21000008 Storm Drain Subdivision $46,050.00 $18,420.00 Improvements Tract 15609 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 15609 SUR21000010 Sanitary Sewer Subdivision $24,293.00 $9,717.20 Improvements Tract 15609 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 15609 SUR21000012 Water Subdivision Improvements $60,665.00 $24,266.00 Tract 15609 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement A reement for Tract 15609 SUR21000007 Street Subdivision Improvements $986,932.00 $98,693.20 Tract 16752 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16752 San Juan Capistrano: Preserving the Past to Enhance the Future C. momma o.laaw mcyaea o•••r Ironshore Indemnity Inc Page 2 SUR21000009 Storm Drain Subdivision $71,118.00 $7,111.80 Improvements Tract 16752 'as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16752 SUR21000014 Sanitary Sewer Subdivision $85,485.00 $34,194.00 Improvements Tract 16752 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16752 SUR21000016 Water Subdivision Improvements $102,919.00 $41,167.60 Tract 16752 as defined within Amendment #1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16752 Notice of the reduction of the bond amounts should be sent to the City of San Juan Capistrano, City Clerk's Office, attention Maria Morris, City Clerk, 32400 Paseo Adelanto, San Juan Capistrano, CA 92675. If you have any questions or need clarification, please contact me at (949) 443-6310. Sincere) , a L Christy Jakl, CMC Assistant City Clerk Cc: Steve May, Public Works and Utilities Director Joe Parco, City Engineer George Alvarez, Project Manager Joe Mankawich, Associate Engineer