23-0522_LS-SAN JUAN LLC_Bond Reduction Letter30448 Rancho Viejo Road, Suite 110
San Juan Capistrano, CA 92675
(949) 493-1171
(949) 493-1053 Fax
www.SanJuanCapistrano.org
May 22, 2023
Philadelphia Indemnity Insurance Company
One Bala Plaza, Suite 100
Bala Cynwyd, PA 19004
To whom it may concern:
MEMBERS OF THE CITY COUNCIL:
Troy Bourne
John Campbell
Sergio Farias
Howard Hart
John Taylor
This letter is to authorize the reduction of the following Subdivision Improvement
Agreement Payment Bond with the City of San Juan Capistrano LS -San Juan LLC for Off -
Site Improvements related to SIP 21-001 tract 18148:
Performance Bond PB03010408479 from $207,276.00 to $51,819.00
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,
0,,� ,
Christy Jakl, CMC
Assistant City Clerk
Cc: Tom Toman, Public Works Director
Jeremy Hohnbaum, Senior Civil Engineer
Justin Inducil, Engineer Technician