23-0420_DEVELOPMENT SOLUTIONS OAK, LLC_Bond Release Letter April 20, 2023
Philadelphia Indemnity Insurance Company
One Bala Plaza, Suite 100
Bala Cynwyd, PA 19004
Re: Release of Bonds – Development Solutions Oak LLC – Tract 17441
Dear Sir or Madam:
This letter is to inform you that the following bonds issued to Development Solutions Oak LLC
Grading Permits B20-782 (B14-0176), B20-0784 (B14-0718), and B20-0783 (B14-0177) Tracts
17441, are officially released as of April 20, 2023.
BOND NO. PURPOSE ORIGINAL AMOUNT
PB10163700276 Rough Grading In-Tract Impv Plans Tract 17441
Phase 3
$ 1,088,280.00
PB10163700219 Rough Grade Entry Phase 1 $ 649,682.00
PB10163700253 Equestrian Facility at The Oaks TR 17441 Phase 2 $ 392,304.00
The City of San Juan Capistrano hereby fully and forever releases and discharges
Philadelphia Indemnity Insurance Company from any and all liability under the
abovementioned bond number. The original – released – documents, are enclosed. If you
have any questions, please do not hesitate to call me at (949) 443-6310.
Sincerely,
Christy Jakl, CMC
Assistant City Clerk
Enclosures as noted
cc: Thomas Toman, Public Works Director
Jeremy Hohnbaum, Senior Civil Engineer
Development Solutions Oak LLC