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15-0421_LV PACIFIC POINT_Inter-Office Memo_Bond Release32400 PAStO ADELANTO SAN JUAN CAPiSTRANO. CA 92675 (949) 493-117! (949)493-1053 FAX It w M, sanj uancapissrano .org MEMBERS OF TtlE CITY COUNCIL SAMALLEVATO KERRY K. FERGUSON RAM PATTERSON, ESQ. JOHN M, PERRY DEREK REEVE DATE: TO: ATTN: FROM: COPY TO: SUBJECT: INTER-OFFICE MEMORANDUM May 19, 2015 City Clerk's Office Maria Morris, City Clerk Steve Kooyman, P.E., Assistant Public Works Director George Alvarez, P.E. T.E. Pacifica San Juan Development, LV Pacific Point LLC Performance and Labor and Materials Bond Release for Subdivision Improvement Agreements (Tracts Maps 14196, 15609, 15687, 16747, 16749, 16750, 16751, and 16752) and Amendment No. 2 and Reinstatement to the Improvement and Reimbursement Agreement PROJECT TYPE: VTTM 14196 and VTTM 15609 PROJECT #: 80301 Please release and exonerate the Bonds associated with the subject Agreements as indicated within the attached Exhibit A. LV Pacific Point LLC (Owner) has closed escrow with Pacific Point Development Partners (Developer) whereby the Developer has provided and posted new replacement Bonds in the amounts associated with the Works of Improvement within each Subject Agreement which are enclosed herein as approved as to form by the City Attorney. s:\clepaitments\public works\department\deveiQpment projects pacifica point lie lom 15-5-19 docx subdivision. t pacifica san juan\bonds\bond release iv