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21-0713_PROTEA SENIOR LIVING SJC, L.L.C._Bond Reduction Letter32400 PASEO ADELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 493-1171 (949) 4931053 FAx II Il It sml/licit ic'11)" Will Io. July 13, 2021 SureTec Insurance Company 3131 Camino Del Rio North, Suite 1450 San Diego, CA 92108 To whom it may concern. MEMBERS OF THE CITY COUNCIL TROY BOURNE SERGIO FARIAS HOWARD HART 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 Protea Memory Care Facility for precise grading project 64784 Ave Los Cerritos, Grading Permit No. B19-0903: Performance Bond 4432508 from $896,806.35 to $89,680.64 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 Building Division San Juan Capistrano: Preserving the Past to Enhance the Future Pnnletl on t00Ye recYdw Pepe'