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22-0401_ACE CAPITAL ENGINEERING_Bond Reduction Letter32400 PASEO ADELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 493-1171 (949) 493.1053 FAX rrn•rhsan/tranc•npiovrmro. ori April 1, 2022 Old Republic Surety Company 14728 Pipeline Ave., Suite E Chino Hills, CA 91709 To whom it may concern: MEMBERS OF THE CITY COUNCIL I incarmewllu TROY BOURNE 1 n1776I 10 1961 HOWARD HART •A • DEREK REEVE JOHN TAYLOR This letter is to authorize the reduction of the following Grading Surety Agreement Performance Bond with the City of San Juan Capistrano and Ace Capital Engineering for all grading and installation of related improvements for 29342 Spotted Bull Way, San Juan Capistrano, CA, Grading Permit No. B20-0050: Performance Bond WFB5423158 from $300,026.00 to $30,002.60 Notice of the reduction of the bond amounts should be sent to the City of San Juan Capistrano, City Clerk's Office, attention Maria Morris, City Clerk, 32400 Paseo Adelanto, San Juan Capistrano, CA 92675. If you have any questions or need clarification, please contact me at (949) 443-6310. Sincerely, Christy Jakl, CMC Assistant City Clerk Cc: Tom Toman, Public Works Director Jeremy Hohnbaum, Senior Civil Engineer Madison LaScalza, Engineering and Planning Technician San Juan Capistrano: Preserving the Past to Enhance the Future Q* Printed on 100% recyGed paper