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22-1223_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond Reduction Letter (B16-0115) December 23, 2022 Arch Insurance Company 550 S. Hope Street, Suite 2800 Los Angeles, CA 90071-2681 To whom it may concern: 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 remedial grading of existing lots related to Permit B16-0115 TTM 15609 inclusive of tracts 16750, 16751, 16752 and 15609: Performance Bond SU1134578 from $258,665.00 to $25,866.50 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