22-0623_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond Reduction Letter32400 PASEO ADELANTO
BAN JUAN CAPISTRANO, CA 92675
(949) 4931171
(949) 493-1053 FAX
"u. sonjuancapislrano. org
June 23, 2022
Arch Insurance Company
Attn: Maria Vargas
550 S. Hope Street, Suite 2800
Los Angeles, CA 90017
Dear Ms. Vargas,
MEMBERS OF THE CT 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 Pacific Point Development
Partners LLC for work consisting of furnishing of all labor, materials, tools, equipment,
services and incidentals for all grading and installation of related improvements for B16-
1065 Tract Map No. 16747 Lot 2:
Performance Bond SU 1143665 from $260,722.00 to $26,072.20
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,
C C TIP -
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 Capisi frt. xno: Preserving the Past to Enhance the Future
PMI" On 100% recycled paper