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1994-0609_CAPITAL FINANCIAL CORPORATION_Surety Agreement6 11 SURETY AGREEMENT FOR GRADING, LANDSCAPING, AND ON-SITE IMPROVEMENTS AND PROPERTY RESTORATION THIS AGREEMENT is made by and between the CITY OF SAN JUAN CAPISTRANO, a municipal corporation, hereinafter referred to as the "City" and Capital Financial Consultants, Inc., a California Corporation, referred to as "Developer". WITNESSETH WHEREAS, City issued Grading Permit No. 31704 to Developer to construct certain designated improvements, more particularly described in Exhibit "A" attached and incorporated herein by reference, which said improvements constitute a portion of that real property at the location of Paseo Elegancia and Golf Club Drive, commonly referred to as Marbella Crest Estates, Tract No. 13846. WHEREAS, San Juan Capistrano Municipal Code 8-3.05 requires the posting of financial security to secure the faithful performance and labor and materials for the grading and installation of improvements connected with issuance of grading permits. WHEREAS, San Juan Capistrano Municipal Code 8-3.06 authorizes the Building Official to require additional bonding as security to ensure against adverse aesthetic impacts arising from incomplete grading and/or improvements from development projects which have not been completed. WHEREAS, the Building Official finds that the proposed project site is highly prominent and visible to the community, has unique topographic features or involves substantial grading of slope areas. NOW, THEREFORE, in consideration of the premises and promises hereinafter contained, City and Developer agree as follows: 1. Developer's Improvements Obligations. Developer shall, at its sole cost and expense, provide and furnish all labor, materials and equipment for the installation of improvements set forth in Exhibit "A". The grading permit and plans, which further defines the improvements in Exhibit "A", are on file in the office of the City's Building Official, and all documents referenced in Exhibit "A" are incorporated herein by reference. 2. Developer's Security. Developer shall provide a bond by a duly authorized corporate surety, subject to the approval of the City's City Attorney, to secure Developer's improvement obligations required under this agreement. The amount of the bond shall be $250,000 for that work described in Exhibit "A". This security of $250,000 shall also serve as security for restoration of the site. A copy of the surety instrument, as approved by the City Attorney, is attached as Exhibit "D". 3. Completion of Improvements. To ensure the protection of the public safety, health and welfare, Developer shall construct the improvements described in Exhibit "A" in accordance with the schedule as set forth in Exhibit "B", and the conditions as set forth in Exhibit "C". 4. Developer Default. In the event Developer does not complete the required improvements, including erosion -control measures within the time required, or abandons the project site, or suspends work for more than twenty working days other than previously prescribed, City shall have the right to immediately declare a default and to make demand on the surety for performance. 5. Restoration of Site. San Juan Capistrano Municipal code Section 8-3.06 allows the City to require bonding a security to ensure against adverse aesthetic impacts arising from uncompleted grading and/or improvements. The purpose of this bonding shall be to restore the property to its original condition if the Developer defaults. This restoration shall include: A. Dismantle and/or demolish improvements; B. Grade property to its original contours as shown on the grading plan referred to in Exhibit "A"; C. Remove all debris and construction materials from the site; and D. Install erosion control, including hydroseeding, to the satisfaction of the Building Official. 6. Attorney's Fees. Developer agrees to pay City such sum as the court may adjudge as reasonable for the legal services of an attorney representing the City in an action brought to enforce or interpret the obligations of this agreement, and such sum shall be made a part of any judgment in such action against Developer if such action is determined in favor of said City. 7. Developer's Work in Safe Condition. Developer shall perform all work in a safe workmanlike manner and shall take such precautions as may be necessary to warn and protect the public from any dangerous condition caused by the construction of said improvements. 8. Liability. Developer shall hold City, its officers and employees harmless from any and all claims, demands, causes of action, liability or loss of any sort because of, or arising out of, the acts or omissions of Developer, his contractor, subcontractors, agents or employees in the performance of this agreement. 2 0 • In Witness Whereof, the parties have executed this agreement as of 1994 at San Juan Capistrano, California. Developer Cif San Juan Capistrano aniel W. McFarland Building Official By: D@xglal J. McCrea Executive Vice President Capital Financial Consultants, Inc. a California Corporation Appr d as to Form* /1 y: Richard K. Denhalter City Attorney 9 0 EXHIBIT "A" MARBELLA CREST ESTATES ITEM 1: Construction of all on-site grading (cut, fill and slope stabilization) operations in accordance with Grading Permit No. 31704 and the Developer's plans and supporting documents as listed below: (A) Grading Plan for Marbella Crest Estates, dated 3/13/91, prepared by peter Associates, Stephen Peter, RCE No. 38623. (B) Geotechnical Report for Marbella Crest Estates, dated 9/3/1993, prepared by Zeiser/Kling, Henry F. Kling, No. GE2205. ITEM 2: Construction of all on-site improvements in accordance with Grading Permit No. 31704 and Developer's grading plans referenced in Item 1 above, including, but not limited to: driveways, parking areas, retaining walls, terrace drains, down drains, subdrains, area drainage systems, and private storm drain systems not a part of Developer's Improvement Plans filed with the City Engineer. ITEM 3: Construction and placement of landscaping and irrigation in accordance with approved plans for Marbella Crest as included in the above plans. El EXHIBIT "B" SCHEDULE FOR COMPLETION OF IMPROVEMENTS Completion Date August 12, 1994 September 16, 1994 Task Rough Grade Certification Landscape Irrigation September 16, 1994 Landscape Planting 5 EXHIBIT "C" CONDITIONS FOR COMPLETION OF IMPROVEMENTS A. The grading for this project shall be in strict conformance with the grading plans and related documents as described in Exhibit "A" and Grading Permit No. 31704. B. Grading operations shall commence within fourteen (14) calendar days after issuance of Grading Permit No. 31704. Winter grading will be conducted in strict accordance with the dynamic erosion -control plan submitted by the Developer, and approved by the City. This erosion -control plan reflects erosion mitigation measures for expected grading conditions as the work progresses through the winter season and shall not be amended except with the permission of the City. In the event Developer does not wish to implement winter grading, or permission for winter grading is rescinded, static erosion -control plans reflecting current conditions of grading shall be submitted within ten (10) days of cessation of work. These plans shall include erosion -control planting as required by the City. C. Except as specified in "F" below, suspension in excess of twenty (20) working days of work authorized by Grading Permit No. 31704, including erosion -control measures and landscaping and irrigation, shall constitute default of this agreement. D. The supervising civil engineer and soils engineer shall file biweekly progress reports of all grading operations with the Building Official. An interim compaction report, for that work completed at the time work is suspended for the rainy season (see "F" below), shall be filed with the Building Official. This interim report shall conform to the grading code requirements for final compaction reports. E. Contractor shall control dust to the satisfaction of the Building Official or his deputy. During grading, Contractor shall keep water truck on site and dampen work area, grounds, and loaded trucks. F. Grading operations suspended during the rainy season shall be resumed no later than 15 days from date of suspension. G. The grading for this project shall be in substantial conformance to the grading concepts of Tentative Tract Map No. 13846 as approved by City Council Resolution No. 90-4-17-5, and in strict conformance with the grading plans and related documents as described in Exhibit "A" and Grading Permit No. 31704. • 0 H. Installation of interim erosion -control devices and systems shall commence within seven (7) days after rough grade certification has been approved by the Building Official and must be completed within fifteen (15) days of rough grade certification. Final erosion -control landscaping and irrigation systems shall be installed prior to final inspection of the grading permit. I. All work shall be performed in strict observation of the Hours of Operation in accordance with San Juan Capistrano Municipal Code Section 8-107. All trees which have been identified for preservation shall be protected in place in accordance with Condition 7 of the Comprehensive Development Plan and City Council Resolution No. 90-4-17-5. K. Contractor shall adhere to conditions of haul route permit and encroachment permit issued by the City Engineer. L. No construction trucks are to stop or stand on Ortega Highway. M. Parking for construction crew is to be on-site. N. Construction and grading equipment traffic shall take access from Rancho Viejo Road. No heavy equipment traffic will be permitted on Ortega Highway. Developer shall provide all traffic control measures as required for safe vehicular movement and shall secure an encroachment (haul -route) permit from the Engineering Department prior to issuance of the grading permit. • • MEMORANDUM June 27, 2005 TO: Meg Monahan, City Clerk FROM: Nasser Abbaszadeh, Building and Engineering Director /I/ , A SUBJECT: Grading Bond Release This memorandum is authorization to release the grading bond posted for Tract 13846 — Marbella Crest Estates. The grading for the project has been completed and the bond can now be released. A Performance Bond with Capital Financial Consultants, Inc., Bond Number 142432S, 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 E SURETY AGREEMENT FOR GRADING, clopl>k LANDSCAPING, AND ON-SITE IMPROVEMENTS AND PROPERTY RESTORATION THIS AGREEMENT is made by and between the CITY OF SAN JUAN CAPISTRANO, a municipal corporation, hereinafter referred to as the "City" and Capital Financial Consultants, Inc., a California Corporation, referred to as "Developer". WITNESSETH WHEREAS, City issued Grading Permit No. 31704 to Developer to construct certain designated improvements, more particularly described in Exhibit "A" attached and incorporated herein by reference, which said improvements constitute a portion of that real property at the location of Paseo Elegancia and Golf Club Drive, commonly referred to as Marbeila Crest Estates, Tract No. 13846; WHEREAS, San Juan Capistrano Municipal Code 8-3.05 requires the posting of financial security to secure the faithful performance and labor and materials for the grading and installation of improvements connected with issuance of grading permits. WHEREAS, San Juan Capistrano Municipal Code 8-3.06 authorizes the Building Official to require additional bonding as security to ensure against adverse aesthetic impacts arising from incomplete grading and/or improvements from development projects which have not been completed. WHEREAS, the Building Official finds that the proposed project site is highly prominent and visible to the community, has unique topographic features or involves substantial grading of slope areas. NOW, THEREFORE, in consideration of the premises and promises hereinafter contained, City and Developer agree as follows: 1. Develooer's Imomvcments Obligations. Developer shall, at its sole cost and expense, provide and furnish all labor, materials and equipment for the installation of improvements set forth in Exhibit "A". The grading permit and plans, which further defines the improvements in Exhibit "A", are on file in the office of the City's Building Official, and all documents referenced in Exhibit "A" are incorporated herein by reference. 2. Developer's Security. Developer shall provide a bond by a duly authorized corporate surety, subject to the approval of the City's City Attorney, to secure Developer's improvement obligations required under this agreement. • • BOND 325 PREMIUMUM:: $7,500. STATUTORY PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS, that Capital Financial Consultants, Inc., as Principal, hereinafter called CONTRACTOR, and INDEMNITY COMPANY OF CALIFORNIA, as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of Two Hundred Fifty Thousand Dollars ($250,000) for payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, fairly by these presents. WHEREAS, Contractor is required to provide a faithful performance bond pursuant to the statutory requirements of the San Juan Capistrano Municipal Code to guarantee certain work, more particularly described as follows: Grading and on-site improvements in Tract 13846, Marbella Crest Estates. NOW, THEREFORE, the condition of this obligation is such that, if Principal shall promptly and faithfully perform said statutory obligation, then this obligation shall be null and void; otherwise it shall remain in full force and effect. Surety waives whatever legal right it may have to require that a demand be made first against the Principal in the event of default. BE IT FURTHER RESOLVED, that: 1. As a part of the obligation secured hereby, and in addition to the face amount specified, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 2. Said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of statutory obligation, or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration or modifications, or of the work to be performed thereunder. • 32400 PASEO ADELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 4931171 (949) 4931053 FAX www.sanjuancapistrano.org June 29, 2005 Indemnity Company of California Member of INSCO/DICO Group 17780 Fitch, Ste 200 Irvine, CA 92614 I ADAIC RoTia BunlsXm 1961 1776 Re: Release of Bond — Marbella Crest Estates, Trarct 13846 Dear Sir or Madam: MEMBERS OF THE CITY COUNCIL SAMALLEVATO DIANE BATHGATE WYATl HART JOE SOTO DAVID M. SWERDLIN On June 27, 1005 the San Juan Capistrano, Director of Engineering & Building, authorized release of the attached grading bond. BOND NO. PURPOSE AMOUNT 142432S Performance Bond: Grading Permit No 31704 $7,500.00 The City of San Juan Capistrano hereby fully and forever releases and discharges Indemnity Company of California from any and all liability under the abovementioned bond number. The original — released — documents are enclosed. If you have any questions, please do not hesitate to call me at (949) 443-6308. Very truly yours, � � ✓/// M ga t R. Monahan, CMC as noted cc: (Letter only) Capital Financial Consultants, Inc. Nasser Abbaszadeh, Engineering & Building Director San Juan Capistrano: Preserving the Past to Enhance the Future 0 Ponted on recycled oaoer . • BOND 11142432S PREMIUM: $7,500. STATUTORY PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS, that Capital Financial Consultants, Inc., as Principal, hereinafter called CONTRACTOR, and INDEMNITY COMPANY OF CALIFORNIA, as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of Two Hundred Fifty Thousand Dollars ($250,000) for payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, fairly by these presents. WHEREAS, Contractor is required to provide a faithful performance bond pursuant to the statutory requirements of the San Juan Capistrano Municipal Code to guarantee certain work, more particularly described as follows: Grading and on-site improvements in Tract 13846, Marbella Crest Estates. NOW, THEREFORE, the condition of this obligation is such that, if Principal shall promptly and faithfidly perform said statutory obligation, then this obligation shall be null and void; otherwise it shall remain in full force and effect. Surety waives whatever legal right it may have to require that a demand be made first against the Principal in the event of default. BE IT FURTHER RESOLVED, that: 1. As a part of the obligation secured hereby, and in addition to the face amount specified, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 2. Said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of statutory obligation, or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration or modifications, or of the work to be performed thereunder. RELEASED DATE -1- / ( 0 0 Statutory Performance Bond Marbella Crest Estates Executed this 15T at ESCONDIDO AP OVER S TO FORM P�- is lard K. f )enhaitcr City Attorney Ll day of _ , California. 1994, PRINCIPAL CAPITAJ, FINANCIAL CONSULTANTS, INC a Calrnia ' qrpmn Uougl . J. IcCrca Title: Executive Vice President (NOTARIZATION AND SEAL) SURETY INDEMNITY COMPANY n'O_FCALIFORNIA By: HELEN MALONEY Title: ATTORNEY-IN-FACT (NOTARIZATION AND SEAL) State of CALIFORNIA Countyof SAN DIEGO On 4-15-94 before me, JOHN G. MALONEY, NOTARY PUBLIC DATE NAME, TITLE OF OFFICER - E.G..'JANE DOE, NOTARY PUBLIC' personally appeared HELEN MALONEY NAME(S) OF SIGNER(S) [y} personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and ac- knowledged to me that he/she/they executed the same in his/her/their authorized 0 OFFICIAL SEAL capacity(ies), and that by his/her/their �" ; JOHN G. MALONEY signature(s) on the instrument the person(s), NOTARY PUBLIC CALIFORNIA � t SAN DIEGO COUNTY or the entity upon behalf of which the I MY GOM. EXP. 24-1995, person(s) acted, executed the instrument. THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED AT RIGHT: WITNESS my hand and official seal. 9i -l' v -- SIGNATURE OF NOT OPTIONAL SECTION TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES No. 51! OPTIONAL SECTION CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the document. E] INDIVIDUAL E] CORPORATE OFFICER(S) TITLE(S) PARTNER(S) LIMITED GENERAL ATTORNEY-IN-FACT [] TRUSTEE(S) GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) DATE OF DOCUMENT Though the data requested here is not required by law, it coultl prevent fraudulent reattachment of this form. SIGNER(S) OTHER THAN NAMED ABOVE POWER OF ATTORNEY OF 0 INNEMNITY COMPANY OF CALIFORNIA AND DEVELOPERS INSURANCE COMPANY P.O. BOX 19725, IRVINE, CA 92713 • (714) 263-3300 NOTICE: 1. All power and authority herein granted shall in any event terminate on the 31st day of March, 1996. N2 178985 2. This Power of Attorney is void if altered or if any portion is erased. 3. This Power of Attorney is void unless the seal Is readable, the text is in brown ink, the signatures are in blue Ink and this notice Is in red ink. 4. This Power of Attorney should not be returned to the After ney(s)-In-Fact, but should remain a permanent part of the obligee's records. KNOW ALL MEN BY THESE PRESENTS, that, except as expressly limited, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, do each severally, but not jointly, hereby make, constitute and appoint ***John G. Maloney, Helen Maloney, Michael W. Thomas, jointly or severally*** the true and lawful Attorney(s)-In-Fact, to make, execute, deliver and acknowledge, for and on behalf of each of said corporations as sureties, bonds, undertakings and contracts of suretyship In an amount not exceeding Two Million Five Hundred Thousand Dollars ($2,500,000) in any single undertaking; giving and granting unto said Attorney(s)-In-Fact full power and authority to do and to perform every act necessary, requisite or proper to be done in connection therewith as each of said corporations could do, but reserving to each of said corporations full power of substitution and revocation; and all of the acts of said Attorneys) -In -Fact, pursuant to these presents, are hereby ratified and confirmed. The authority and powers conferred by this Power of Attorney do not extend to any of the following bonds, undertakings or contracts of suretyship: Bank depository bonds, mortgage deficiency bonds, mortgage guarantee bonds, guarantees of installment paper, note guarantee bonds, bonds on financial institutions, lease bonds, insurance company qualifying bonds, self -insurer's bonds, fidelity bonds or bail bonds. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Boards of Directors of INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, effective as of September 24,1986; RESOLVED, that the Chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby Is, authorized to execute Powers of Attorney, qualifying the attorney(s) named in the Powers of Attorney to execute, on behalf of the corporation, bonds, undertakings and contracts of suretyship; and that the Secretaryor any Assis- tant Secretary of the corporation be, and each of them hereby is, authorized to attest the execution of any such Power of Attorney; RESOLVED, FURTHER, that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond, undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY have severally caused these presents to be signed by their respec- tive Presidents and attested by their respective Secretaries this 1st day of April, 1993. INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY n J9 Da F. Vincenti, Jr. v4Yv Dan F. Vincenti, Jr. BY Presitlent Lvol , oj�r OOOPyeR40 By President PS IP OR 4h z OCT. S, o w Jo � `moo ATTEST W 1961 ATTEST BY T'�rrraa+v�� B onv(Ir oaN�eTde y Walter Crowell Walter Crowell Secretary Secretary STATE OF CALIFORNIA) 1 SS. COUNTY OF ORANGE 1 On April 1, 1993, before me, Tiresa Taafua, personally appeared Dante F. Vincenti, Jr. and Walter Crowell, personally known to me (or provided to me on the basis of satisfactory evidence) to be the person(s) whose names) Is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(les), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature OFFICIAL SEAL TIRESA TAAFUA NOTARY PUBLIC - CALIFORNIA PRINCIPALOFFICEM } ORANGE COUNTY mxp} zj My Commission E. Aug. 4, lgg5 Zj CERTIFICATE USAWE �MN4 4r44N The undersigned, as Senior Vice President of INDEMNITY COMPANY OF CALIFORNIA, and Senior Vice President of DEVELOPERS INSURANCE COMPANY, does hereby certify that the foregoing and attached Power of Attorney remains in full force and has not been revoked; and furthermore, that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney, are In force as of the date of this Certificate. This Certificate Is executed in the City of Irvine, California, this 15TH day of APRIL 199 4 INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY MP AMy INfiuq `�V]1 _ O+OPYeR4 f o s ��j��) �P`OpP9R4t~e^ By B /�` 7i W 1967 y z IB1g y L.C. Fieblger n � a L.C. Flebiger d � Senior Vice President '�'rrro +��? Senior Vice President ID -310 REV. 4193 Message Meg Monahan From: Genny DeVries Sent: Wednesday, June 29, 2005 3:51 PM To: Sam Shoucair Cc: Meg Monahan Subject: RE: Address needed to release bond The fax I received from Capital Financial has this address: Capital Financial Consultants, Inc. San Juan Corporate Plaza 30448 Rancho Viejo Rd., #175 San Juan Capistrano, CA 92675 -----Original Message ----- From: Sam Shoucair Sent: Wednesday, June 29, 2005 3:37 PM To: Genny DeVries Subject: FW: Address needed to release bond Pagel of 2 Gen, is this the Haynes Kendall bond? Fax number is (949) 248-2875,[mailto:hkendall@capitalfin.com] If so, could you get and give his address to Meg. Thanks -----Original Message ----- From: Nasser Abbaszadeh Sent: Wednesday, June 29, 2005 2:52 PM To: Sam Shoucair Subject: FW: Address needed to release bond Sam Was the bond release from your shop? Engineering &Building Department Mission Statement: To enhance the quality of life and preserve the City's heritage and charm through timely response, effective design, environmental sensitivity, quality construction, and neighborhood improvement. -----Original Message ----- From: Meg Monahan Sent: Wednesday, June 29, 2005 2:37 PN To: Nasser Abbaszadeh Cc: Bret Caulder; Kassidy Hill Subject: Address needed to release bond You issued a bond release related to Marbella Grading permit no. 31704. I cannot release this without the mailing address of the developer, Marbella Crest Development. 6/29/2005 MARBELLA _:OPERTY OWNERS ASSOC[-, ti0N SAN -4 October 13, 1995 City Of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 RE: Marbella Property Owners Association Marbella Crest Development Dear Sirs: `urJn 1"c" RECEIV£0 ocr 17 ft PUNNING Drib? T This letter is in regard to the Marbella Crest sub -association currently being developed within the Marbella Property Owners Association. Marbella is requesting that the City Of San Juan Capistrano notify all Marbella members of any actions relative to, the Marbella Crest development) and in particular, any bond exonerations. Thank you for your assistance with this issue. If you should have any questions regarding this request, please contact me at (714)727-9090. Sincerely, For The Board Of Directors Marbella Property Owners Association Diane Mellring Community Manager cc: Board Doc File Gc. E ,rt �_E/NV�464UA CREW Toftr ?"E Vlannq ng Seery Cnr,rnrion