09-0928_WHISPERING HILLS, LLC_Staff Memo4- • 0
MEMORANDUM September 28, 2009
TO: Meg Monahan, City Clerk / /�
FROM: Nasser Abbaszadeh, Public Works Director / V - I"1
SUBJECT: Grading Bond Reduction —Tract 16634 Whispering Hills —East Canyon
This memorandum is authorization to reduce the grading bond by 50% posted for Tract
16634 Whispering Hills — East Canyon from $1,330,000.00 to $665,000.00. The grading
and on-site improvements that were secured by the bond have been completed sufficiently
to warrant the reduction of the bond.
A Performance Bond posted with Arch Insurance Company of, Bond Number SU 5022196,
was posted as security for the bond. A copy of the Surety Agreement and Performance
Bond is attached for your information. If you have any questions, please contact me.
Attachment
cc: file