23-1011_GANAHL LUMBER_Staff Memo B20-0398 Bond ReductionMEMORANDUM October 11, 2023
TO: Finance Department
FROM: Thomas Toman, Public Works Director
SUBJECT: B20-0398; Ganahl Lumber - Precise Grading Surety Deposit Reduction
This memorandum is authorization to release 90% of the subject deposit for Ganahl
Lumber’s Precise Grading at 25865 Stonehill Dr. The total deposit was in the amount of
$3,015,710, and the amount requested to be released is $2,714,139. The grading work was
reviewed and accepted by the Building Department. The release of the bonds has been
reviewed and approved by the Public Works Department.
Attachments - Copy of surety agreement, Applicant’s release request letter dated 09/19/23
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