1996-0102_KI/FKLA RANCHO REALTY_Release Letter of Credit JUG*
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' vp.,„ MEMBERS OF THE CITY COUNCIL
..;, COLLENE CAMPBELL
WYATT HART
111 GIL JONES
• B1.111411 19 61 CAROLYN NASH
1776 i DAVID SWERDLIN
•
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January 2, 1996 CITMANGGEORGE SCARBOROUGH
Wells Fargo Bank
32222 Camino Capistrano
San Juan Capistrano, CA 92675
Attention: Eric Simmons
•
Re: Release/Substitution of Surety, Letter of Credit, PM 85-306
(Rosan/Bedford/Kaiser/Kemper)
Dear Mr. Simmons:
• Enclosed,please find the original of the subject Letter of Credit No. 1-83068, written by Wells Fargo.
This surety was to ensure installation and performance of public improvements required for approval
of Parcel Map 85-306. The present developerrKFFKL1C-Rifichoki-alfy—,:7h: s substituted a
Performance Bond and Labor&Material Bond wkileri by Aetna Casualty.
Mr. John Fay (415-394-4073), Senior Vice President of your San Francisco branch, has requested
immediate notification upon receipt of the Letter of Credit.
Very truly yours,
/le
R. Anthony Fost,-
Engineering Assistant
Enclosure
cc: William Huber
Cheryl Johnson
Cassandra Walker
Steve Clowdsley
fargo
•
32400 PASEO ADELANTO, SAN JUAN CAPISTRANO, CALIFORNIA 92675 • (714) 493-1171