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