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1981-0220_BELFORD TERRACE_Exchange of Grading Suretyv�3u�400 PASHO+AO SLAY P,O'? SAN J JiNk�iSTRANO, CALIFORNIA 92675 Nie A9�• 117y February 20, 1981 Maurer -Elliott Development Co. 14201 Chambers Road Tustin, CA 92680 Re: Exchange of Grading Surety Tract 9382, Belford Terrace Gentlemen: At their meeting of February 17 „1981, the City Council authorized release of the Grading Bond #009098 in the amount of $160,000 upon receipt from your company of the new Maintenance and Fine Grading Bond in the amount of $35,000 If you have any questions, please don't hesitate to call. Very truly yours, MARY A14N F.ANOVER, CMC City Clerk MAH:kjc cc:Covenant Mutual Insurance Co. Director of Public Works r-