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19-1023_TOLL WEST COAST LLC_MEMO FROM PW_CASH DEPOSITMEMORANDUM October 11, 2019 TO: Maria Morris, City Clerk FROM: Steve May, Public Works & Utilities Director SUBJECT: Grading Bond Reduction — B16-1425 Tract 15687 This memorandum is authorization to release of Surety Bond #30034587 in the amount of $4,790,935 being held for B16-1425 Tract 15687. Said bond was issued by Western Surety Company. 90% of the work has been completed and approved and a cash deposit in the amount of $50,000 has been posted by Toll Brothers. Please notify: Toll Brothers 725 W. Town & Country Road Orange, CA 92868 Attn: Greg LoMedico, 818-332-7244, glomenico@tolIbrothers.com A copy of the Bond is attached. Thank You. cc: Community Development/ Building; file CITY OF SAN JUAN CAPISTRANO 32400 Paseo Adelanto 4R, SAN JUAN CAPISTRANO, CA 92675 �t77L �h (949)493-1171 Paid By TOLL BROTHERS INC., Contractor TOLL BROS INC Permit Number B16-1425 Receipt Number 70798 Paid Date 10/11/2019 Check No 10214757 Payment Method CHECK GRADING REFUNDABLE DEPOS 250 GIBRALTAR ROAD HORSHAM PA 19044 Site Address HARBOR VIEW TRACT 156187 LOT 2 Description HARBOR VIEW TRACT 15687 ROUGH GRADE & VERD Fees 90-00000-23302-00000-238 FEE TOTAL $50,000.00 $50,000.00