Resolution Number 17-10-17-02RESOLUTION NO. 17-10-17-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DETERMINING COMPLETION OF WORK
IN ACCORDANCE WITH APPROVED PLANS AND SPECIFICATIONS
FOR THE CONSTRUCTION OF ON-SITE AND OFF-SITE
IMPROVEMENTS ASSOCIATED WITH TRACT 16749 BELLE CLIFF
(LV PACIFIC POINT, LLC)
WHEREAS, on April 21, 2015, the City of San Juan Capistrano entered into
Amendment No. 1 and Reinstatement to Subdivision Improvement Agreement with the
developer of the Belle Cliff Residential Development (Tract 16749) providing for the
construction of certain onsite and off-site improvements, and,
WHEREAS, LV Pacific Point, LLC, the current developer of Tract 16749 has
requested that the City determine that such certain on-site and off-site improvements
are completed and the corresponding remaining surety bonds be released accordingly.
The surety release is as follows:
SURETY COVERAGE
(Ironshore Indemnity Inc.)
Bond Number
Type of Improvement
Bond Amount
SUR21000025
Landscape and Irrigation
$
85,673.00
SUR21000021
Monumentation
$
14,500.00
Total Bond Amount
$
100,173.00
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That the improvement work required to be performed by said developer
has been completed and approved.
SECTION 2. That the completed work with a value of $100,173 is accepted.
SECTION 3. That the sureties described in the chart above may be released
accordingly.
PASSED, APPROVED, AND ADOPT D,this 17th day of October
�I
ATTEST:
OL
MARIA MORRI , ITY CLERK
KERRY. K.FERGUSON, MAYOR
10/17/2017
STATE OF CALIFORNIA )
COUNTY OF ORANGE
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 17-10-17-02 was duly adopted by the
Cit Council of the City of San Juan Capistrano at the Regular meeting thereof, held the
17' day of October 2017, by the following vote:
AYES: COUNCIL MEMBERS: Patterson, Reeve, Maryott, Farias and Mayor Ferguson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
L �
MA A MORRIS
CITY CLERK
10/17/2017