23-0619_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond No. 1134578 Reduction Letter
June 19, 2023
Lexon Insurance Company
Bond Dept.
12890 Lebanon Road
Mt. Juliet, TN 37122
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 Pacific Point Development
Partners LLC for work consisting of furnishing of all labor, materials, tools, equipment,
services and incidentals for all grading and installation of related improvements for
Tentative Tract Map Nos. 15609:
Performance Bond 1134578 from $258,665.00 to $25,866.50
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