13-0221_CASTER SAN JUAN CAPISTRANO_Authorization to Reduce BondMEMORANDUM October?, 2013
TO: Maria Morris, City Clerk
Keith Van Der Maaten, Public Works & Utilities Director FROM:
SUBJECT: Grading Bond Reduction - A-1 Self Storage, 33000 Valle Road #B12-0731
This memorandum is authorization to reduce the grading bond posted for A-1 Self storage
located at 33000 Valle Road from $191,465.00 to $38,293.00. The grading and on-site
improvements that were secured by the bond have been completed sufficiently to warrant
the reduction of 80% of the bond place.
A Performance Bond posted with Intemational Fidelity Insurance Company, Bond Number
0613748, was posted as security for the bond. A copy of the Surety Agreement and
Performance Bond is attached for your information. Please memorialize this reduction by a
letter of notification to the bonding company associated.
If you have any questions, please contact me.
Attachment
cc: file
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32400 PASEO ADELANTO
SAN JUAN CAPISTRANO, CA 92675
(949) 493-1171
(949) 493-1053 FAX
www.siiiijiiiiiutiplstniita.ar-g
MEMBERS OF THE CITY COUNCIL
lARRY KRAMER
DEREK REEVE
JOHN TAYLOR
SAWALLEVATO
ROY L. BYRNES. M.D.
Octobers, 2013
International Fidelity Insurance Company
1 Newark Center, 20'^ Floor
Newark, New Jersey 07102-5207
To whom it may concern:
This letter is to authorize the reduction of the following bond posted with the City of San
Juan Capistrano by Caster San Juan Capistrano, a California Limited Partnership for
Grading Permit No. B12-0731, 33000 Valle Road, commonly referred to as A-1 Self
Storage:
Performance Bond 0613748 from $191,465.00 to $38,293.00
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.
Christy JakI, CMC
Deputy City Clerk
Cc: Keith Van Der Maaten, Public Works and Utilities Director
Frank McKay, Building and Grading Inspector
Tom Kearney, Construction Manager - Caster Properties, Inc.
Sincerely,
San Juan Capistrano: Presening the Past to Enhance the Future
CASTER Properties, Inc.
-Family owned business since 1959"
4607 Mission Gorge Place
San Diego, CA 92120
Phone (619) 287-8873
Fax (619) 287-2493
www. a Isto rage.com
October 2, 2013
Mr. Frank McKay
Building & Grading Inspector
City of San Juan Capistrano
32400 Paseo Adelanto
San Juan Capistrano, CA 92675
Re: Grading Pennit #B 12-0731
A-1 Self Storage
33000 Valle Rd.
San Juan Capistrano
Dear Mr. McKay:
Please allow this letter to serve as our request to have the above referenced grading bond
reduced by 80%.
As evidenced in the field, grading operations have been substantially completed at this time.
Please let me know if you have any questions or need anything further from us to complete
this request.
Sincerely,
Grading Perfomance Bond #613 748
$,91,465.00 ^^./^ A^^/,
Tom Kearney
Construction Manager
Caster Properties Inc.
TKVgs
Cc: SASC Surety Associates
Attention: Anne Wright