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23-0914_PACIFIC POINT DEVELOPMENT PARTNERS, LLC_Staff Memo (SUR1000003 & SUR1000030) MEMORANDUM September 14, 2023 TO: Christy Jakl, Assistant City Clerk FROM: Thomas Toman, Public Works Director SUBJECT: Pacifica San Juan TR16747 & 16751 Partial Bond Release – TR16747 Storm Drain (SIP16-001), Bond No. SUR21000003; TR16751 Storm Drain, Bond No. SUR21000030 This memorandum is authorization to release 75% of the subject bonds for Pacifica San Juan tracts 16747 and 16751. 75% release of the bonds would be in the amounts of $40,1635.75 and $14,092.50, respectively. The Storm Drain improvements have been reviewed and accepted by the Public Works Department. The release of the bonds has been reviewed and approved by the Public Works Department. Attachments - Copy of subject bonds, Applicant’s release request letters dated 05/01/23