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09-0914_WHISPERING HILLS , LLC_Staff Memo0 MEMORANDUM September 14, 2009 TO: Maria Morris, Acting City Clerk FROM: Sam Shoucair, Assistant Public Works Director.j' SUBJECT: Tract 16634, Whispering Hills / Woodbridge Homes, Bond reduction Please reduce the following original bonds as indicated below: SU5019294 from $88,000 to $10,000 Off-site Sewer Extension SU5019293 from $621,000 to $125,000 Major Access Street These are for bond reduction purposes only; the final release of bonds will take place when the Notice of Completion is processed along with a CC Resolution, determining completion of work in accordance with approved plans and specifications goes to Council. Attachment: Woodbridge's letter requesting release /reduction of certain bonds. cc: Nasser Abbaszadeh James Prather