23-0420_DEVELOPMENT SOLUTIONS OAK, LLC_Bond Reduction Letter_PB10163700374
April 20, 2023
Philadelphia Indemnity Insurance Company
One Bala Plaza, Suite 100
Bala Cynwyd, PA 19004
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 Development Solutions Oak,
LLC for work consisting of furnishing of all labor, materials, tools, equipment, services and
incidentals for tract 17441:
Performance Bond PB10163700298 from $53,869.00 to $5,386.90
Performance Bond PB10163700374 from $190,663.00 to $19,066.30
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