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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