19-0612_SADDLEBACK VALLEY COMMUNITY CHURCH_Staff Memo MEMORANDUM
June 12, 2019
TO: Maria Morris, City Clerk
FROM: Steve May, Public Works& Utilities Director
SUBJECT: Grading Surety Release— B15-0190 Saddleback Church Irrevocable Letter of
Credit
This memorandum is authorization to release the Irrevocable Letter of Credit
#61147.02100\24821445.1 in the amount of$1,357,616 being held for B15-0190,
Saddleback Church Parking Lot. Said Letter of Credit has been issued by Partners Bank of
California. The grading has been completed and approved.
Please notify Partners Bank of California (27201 Puerto Real, Suite 160, Mission Viejo, CA
92691) of this release of the Letter of Credit.
Please also copy Pam Reimer, Saddleback Church, pamr@saddleback.com
A copy of the Letter of Credit is attached.
Thank You.
cc: Community Development/Building; file