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23-0320_TEMPLETON, CHRISTINA & STEVEN_Staff Memo Cash Deposit Release MEMORANDUM March 20, 2023 TO: Finance Department FROM: Thomas Toman, Public Works Director SUBJECT: Grading Bond Release for Precise Grading Permit B19-1603 This memorandum is authorization to release the remaining 10% Grading Bond for Precise Grading Permit B19-1603, for the Templeton Residence at 33801 Killarney Lane. The total bond deposit was in the amount of $76,494, while the remaining 10% to be released is in the amount of $7,649.40. The release of the remaining cash deposit has been approved by the Building Official. Attachments – Copy of Grading Surety Agreement, Applicant’s Original Release Letter Dated 01/13/2022. cc: City Clerk; file Christina Templeton, P.E. 33801 K用amey Ln. San 」uan Capistrano, CA 92675 」anuarv 13, 2022 Mr. 」eremy Hohnbaum Senior Civil Engineer City of San 」uan Capistrano 32400 Paseo AdeIanto San 」uan Capistrano, CA 92675 Dear Mr. 」eremy Hohnbaum: l’m the homeownerof33801 KilIarney Ln. On l/11/2022, We reCeived precise grading and site improvements permit (B19-1603) finaI approvaI. We are now requesting the release of 90% ofthe total Surety bond amount of;76,494, Which is ;68,844"60. We understand thatthe remaining lO% in the amount of ;7,649.40 w川be reieased l year from the date of permit signoff, Which is l/11/2023. We′d appreciate the reIease offund immediateIy. Thank you in advance. SincereIy,