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23-0420_DEVELOPMENT SOLUTIONS OAK, LLC_Bond Reduction_K09345206 April 20, 2023 Westchester Fire Insurance Company Attn: Janette Fu 555 S. Flower Street, 3rd Floor Los Angeles, CA 90071 Dear Janette: 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 K09345206 from $250,797.00 to $25,079.70 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 Development Solutions Oak LLC