23-0914_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Bond Reduction Letter (SUR1000003 & SUR1000030)30448 Rancho Viejo Road, Suite 110
San Juan Capistrano, CA 92675
(949) 493-1171
(949)493-1053 Fax
www. SanJuanCa pistrano.org
September 14, 2023
Sompo International I Surety
Attn: Cody Green, AFSB
12890 Lebanon Road
Mount Juliet, TN 37122-2870
Dear Mr. Green:
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 bonds with the City of San Juan
Capistrano and Pacific Point Development Partners LLC for storm drain subdivision
improvements with Tracts 16747 and 16751:
Performance Bond SUR21000003 from $54,181.00 to $13,545.25
Performance Bond SUR21000030 from $18,790.00 to $4,697.50
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
Justin Inducil, Engineering Technician