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15-0116_COVE ESTATES_Bond Reduction Transmittal Jam/ 32400 PASCO ADrLANTO aj' 1AWK,'R5 OFINE CIV COUNCIL SAN JUAN CAPISTRANOCA 92675 (949)493-1171 SAM ALLEVATO (949)493-1053 FAXly XERRY K.FERGUSON nI##li;brs 1+61 1776 PAM PATTERSON.ESQ. JO"N M.PERRY DEREK REEVE January 7, 2016 International Fidelity Insurance Company 2400 E. Katella, Suite 250 Anaheim, CA 92806 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 The Cove Estates, LLC, for Rough Grading at Tract 16186: Performance Bond 0611349 from $79,317.00 to $7,931.70 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 Pasec, Adelanto, San Juan Capistrano, CA 92675. If you have any questions or need clarification, please contact me at (949) 443-6310. Sincerely, r �firisty JakI, CM Deputy City Clerk Cc: Thom Coughran, Interim Public Works and Utilities Director Deena Berens, Senior Permit Technician Sall J11(111 (1'qj,)[S-11-,1n(),� ]Y(1.1�ei'I 11)1,1 1141 PON/ /0 1"'1711MICe 1110 F111MV Pnrlod 0,,100' Ifx y"t'!o,iCof