1981-1203_CROW-SAN JUAN RANCH_Request for Bond Reduction17941 Fitch
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Trammell Crow Company
Irvine, California 92714 OCT
October 6, 1982
City of San Juan Capistrano
32400 Paseo Adelanto
San Juan Capistrano, CA. 92675
Attention: George Lohnes
City Engineer
Re: Rancho Viejo Road PM #80-851
Bond #8089 5840
Dear Mr. Lohnes:
(714) 641-2960
We respectfully request that our Labor F, Materials Bond for
the above mentioned project be reduced to reflect the current
status of the road improvements.
We realize that the Faithful Performance Bond must be kept
at full value, however we feel that since over 75% of the
road project is completed, a reduction of our Labor $
Materials Bond could be reduced from $1,812,500.00 to
$450,000.00. We are waiting for San Diego Gas F, Electric
to act, at which time we will complete the road tie-in at
Ortega Highway.
Our completed work to date is as follows:
Sewer 98% complete
Water 98% complete
Electric power, telephone $ cable t.v. 100% complete
Street paving 86% complete
Landscape 75% complete
Gas 80% complete
Thank your for your help in this matter.
Sincerely,!_ --
Ivan C. Simovich
Project Manager
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