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 Clerkâs 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