17-1220_SOUTH COAST INVESTORS II, LLC_Check Request for Deopsit ReductionCity of San Juan Capistrano
CHECK REQUEST
Administrative Services Department
Address Check to: Name: South Coast Investors II, LLC
Address: 31866 Camino Capistrano
San Juan Capistrano, CA 92675
Check Amount Requested 362,898.00 Account No.: 0-00000-23302-00000-238
CHECK TOTAL:362,898.00
Invoice Number: B15-0872 Invoice Date: 5/23/2016
Check stub to contain the following: Grading Surety deposit reduction
Check Requested By: Employee: Deena Berens, Development Services
Department: Public Works & Utilities Date: 12/20/2017
Department Approval: Steve May, Public Works & Utilities Director_
Transmittal Instructions:pReturn Check To:
Mail: 17
Other (specify) JAY lky,i p
For Administrative Services Use Only
Vendor Number: al, 4 35.99-
Warrant Number: Date:
Approved:I
LY:
MEMORANDUM
DATE: December 12, 2017
TO: Ben Siegel, City Manager
FROM: Steve May, Public Works a Ttil'ties Director I
Joe Parco, City Enginee F,
Hossein Ajideh, Senior Civi Enginee x
v
c•--` ?
Prepared:Joe Mankawich,Associate Engineer t' f ti)
SUBJECT: Rough Grading Cash Deposit Reduction—Plaza Banderas
J'
The purpose of this memo is to inform you that the developer, South Coast Investors II LLC, has substantially
completed the rough grading improvements for the Plaza Banderas Hotel Site and are requesting reduction of the
cash deposit for such improvements. The Grading Surety Agreement for the project provides for the City
Engineer's determination of such requests. Review of the request by the Public Works & Utilities Department
has resulted in the following approved reduction:
Cashier's
Check Obligee Description
Original Princliple
Percent New
Number
Amount Name
Complete Amount
City of San South Coast
Rough Grading for the Plaza Banderas00099003007Juan
Hotel Site
420,450.00 Investors II
Capistrano LLC 86% $57,552.00
The remaining cash deposit will provide warranty for the grading performed, and insure there are adequate funds
available for repairs to water quality BMP's should they be required. The holding of this security is particularly
important to insure that the site is properly maintained during the upcoming winter storm season. Staff
recommends holding off full release of the rough grading surety until work on the hotel structure commences.
The Public Works Department will forward this request to the City Clerk for processing of a letter to the
developer's surety delineating the reduction of the security. Should you have any questions please contact me.
Attachments: 1. Grading Surety Agreement
2. Request for Reduction Letter
3. Rough Grading Certification
4. Rough Grading Permit Sign-off
Cc: Joel Rojas,Development Services Manager
Tom Toman,Assistant Public Works Director
y
George Alvarez, Project Manager
1‘ r,,jviCITY OF SAN JUAN CAPISTRANO
32400 Paseo Adelanto
SAN JUAN CAPISTRANO, CA 92675
949)493-1171
Paid By SOUTH COAST INVESTOR: Contractor FRIESS PROPERTY INVES'
32332 CAMINO CAPISTRANO
SAN JUAN CAPISTRANO CA 82675
Permit Number 815.0872 Site Address
Receipt Number 50990 31892 EL CAMINO REAL
Paid Date 5/23/2016
Check No 99003007
Description
Payment Method CHECK
Plaza Banderas Hotel-(Inn at the Mission)-Rough Gradin
Fees
GRADING REFUNDABLE DFPOS 90.00000-23302.00000438 420.450:00'
FEE TOTAL 420,450.00
7_
Jt-..A
a M1'
r
gay"d= %
F l
1_.[
nr,1 I nit L'Ain.: l'Arn ninl 16ktrU V! f P.1)111TI,N.^.1 IYP"•t111, f U I t.
11-24 •11111/..
allies CASHIER'S CHECK 0099003007imoo)
Reorittar SOUTH COAST SO/Una N.LLC
Operator i - u24W70 ws014092
May 23,2015
PAY TO:ME ORDER or ***CITY OF SAN JUAN CAPISTRANO*"e
Four hundred twenty thousand four hundred ffity dollars and no cents*" "$420,450.00"
P.m Adams
Mae
i MLR FARGO BANK KA.
9
vaer aomsoco
j 32212 CAMINO COAST/WV
SAN JUAN CAPRMW10, MTh 11
FOR RIGWRIVI CALL MC)306-3122
r00 9900 300 Te 1: I 2 L000 248i:4136 50 5 30 3Ir
7,„ ,,77Th
PI°
Ji t
South Coast Investors II, LLC
31866 Camino Capistrano
San Juan Capistrano,CA 92675
949)496-1316
October 12, 2017
Hossein Ajideh
City of San Juan Capistrano
32400 Paseo Adelanto
San Juan Capistrano, CA 92675
Re: Request for 90% Release of Rough Grading Security Deposit
Dear Hossein,
On behalf of South Coast Investors II, LLC, I am writing to request the 90%release of our
rough grading security deposit. We have received approval on our as-built rough grading plans
and delta rough grading plans, submitted our geotechnical report and rough grading
certification from our civil engineer, and performed a final inspection.
The rough grading security deposit was in the amount of$420,450.00. The City is to
keep 10%of the deposit, which amounts to$42,045.00, in addition to the following:
Stabilized construction entrance $8,000.00
Inlet protection 4,000.00
Gravel bags 2,560.50
Gravel bags velocity reducer 946.50
Total: 15,507.00
Thus, the City would retain $57,552.00 and return $362,898.00 to South Coast Investors II,
LLC. We would like to have the security deposit released as soon as possible. Please let me
know if there is anything we can do to expedite the process. I can be reached by phone at (949)
606-4260 and by email at igriffith@missioncommercial.com.
Sincerely,
CY1A\V
Jake Griffith
L-
4 TH: 'lf Go es _ t.
k+-
ATTACHMENT 2