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18-1019_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond Release Staff MemoMEMORANDUM DATE: October 19, 2018 TO: Maria Morris, City Clerk FROM: Joe Parco, City Engineer Prepared: Joe Mankawich, Associate Engineer SUBJECT: Subdivision Improvement Bond Release — Pacifica San Juan (Tracts 15609 and 16752) Pacific Point Development Partners LLC (previous developer for Tract 15609 and 16752), has requested that their bonds for the subdivision improvements for Tracts 15609 and 16752 be released. These Tracts have been sold to Toll Brothers by Pacific Point Development Partners. LLC. Replacement bonds have been issued by Toll Brothers for the same improvements covered in the Subdivision Improvement Agreements for the Tracts. All bonds held by Pacific Point Development Partners LLC will be released, except for the water improvement bonds per the direction of the Public Works/Utilities Department. It is recommended that the bonds presented in the following table that were submitted by Pacific Point Development Partners LLC be released: Bond Number I abllQee Dowdistion Amount Prindnal 43fertive Bate Sumw Street subdivision improvements within Tract 15609 as defined within Amendment #1 and City of San Reinstatement of the Pacific Point Juan Subdivision Improvement Development Ironshore Indemnity SUR22000O05 lCapistrano lAgreement forTract 15609 1$180,62L60 IPartners. LLC 5/19/2015 lComoamr Liberty Mutual 019062902 same same same Toll Brothers 2/20/20181 I Insurance Company Storm Drain subdivision Improvements within Tract 15609 as defined within Amendment Al and City of San Reinstatement of the PacificPoint Juan Subdivision Improvement Development Ironshore Indemnity SUR21000008 Ca istrano A reement for Tract 15609 518,420.00 Partners LLC 5/19/2015 Cam an Lberty Mutual 019062898 same same same Toll Brothers 2/20/2018 Insurance Company Sanitary Sewer subdivision Improvements within Tract 15609 as defined within Amendment#land City of San Reinstatement of the Padfic Point Juan Subdivision Improvement Development Ironshore Idemnity SUR21000010 Capistrano lAgreement forTract 15609 IS9,717.20 IPartners, LLC IS/19/20S lCompany Lberty Mutual 019062903 same same same Toll Brothers 2/20/2018 Insurance Company Should you have any questions please contact me. Attachments: Location Map Cc: Steve May, Public Works and Utilities Director Eric Bauman, Assistant Director Christy Jakl, Assistant City Clerk George Alvarez, Project Manager Monument subdivision improvements within Tract 15609 as chaff ed within Amendment ul and QaCity City of San Reinstatement of thePatlf1[Polnl Pacific Point i Juan Subdivision Improvement Development Imsh more InfirmlySUR21000015 SUR21000007 Ca Isbano A reementfor Tett 15609 St5,spead Partners, LLC V19/2015 Company SUR21Q10009 Capistrano A reementfor Tact16252 S7,111.80 Partners, LLC 5/1912015 Lberry Mutual 19062905 same Is. same Toll Brothers 2/t0/2018 Insurance Company Should you have any questions please contact me. Attachments: Location Map Cc: Steve May, Public Works and Utilities Director Eric Bauman, Assistant Director Christy Jakl, Assistant City Clerk George Alvarez, Project Manager Street subdivision ImWOverece wRhin Tact 16752 as dell ned within Amendment pl and QaCity City of San Reinstatement of the Pacific Point i .an smddtvislonlmprovementDevelopment Development Imnshore ldemnity SUR21000007 Capistrano Aneement for Tract 16152 S9 932.00 PartnersUC 5/192015 Company SUR21Q10009 Capistrano A reementfor Tact16252 S7,111.80 Partners, LLC 5/1912015 Lberty Mutual 19062897 same A..e same Toll Brothers 2/20/2018 Insurance Company Should you have any questions please contact me. Attachments: Location Map Cc: Steve May, Public Works and Utilities Director Eric Bauman, Assistant Director Christy Jakl, Assistant City Clerk George Alvarez, Project Manager Storm Drain subdivision Improvements within Tract 16252 as defined within Amendment At and QaCity City of San Reinstatement of the Pacific Point i loan Subdivision Improvement Development Imnshore ldemnity SUR21000011i Capistrano Are entfor Tact15603 $38 500.00 Partners LLC 5119/2013 Cam an SUR21Q10009 Capistrano A reementfor Tact16252 S7,111.80 Partners, LLC 5/1912015 M 0190629W same ourne same TOII Brothers 2/20/2018 Lberty Mutual 019062904 same IcIme ame Toll Brothers 2/20/2018 11romence Company Sanitary $ewe, monition. improvements within Tract 16752 as defi red within Amendment pl and City of San Reinstatement of the Pacific Paint Juan Subdivision Improvement Development SUR23000014 Capistrano Agreement for Tact 16252 $34,194.00 Partners LLC 5/19/2015 M Liberty Mutual 019062899 Toll Brothers 2/20/2018 Insurance Company Should you have any questions please contact me. Attachments: Location Map Cc: Steve May, Public Works and Utilities Director Eric Bauman, Assistant Director Christy Jakl, Assistant City Clerk George Alvarez, Project Manager Mpnume if subdivision Improvements within Tract 15609 as defi ned within Ame ndment el and QaCity of San Reinstate ment of thePacific Paint i loan Subdivision Improvement Development Imnshore ldemnity SUR21000011i Capistrano Are entfor Tact15603 $38 500.00 Partners LLC 5119/2013 Cam an liberty Mutual 0190629W same ourne same TOII Brothers 2/20/2018 Insurance Company Should you have any questions please contact me. Attachments: Location Map Cc: Steve May, Public Works and Utilities Director Eric Bauman, Assistant Director Christy Jakl, Assistant City Clerk George Alvarez, Project Manager