1991-0809_GLENFED DEV CORP._Retention Release , pr
//4L2• 3
a r.
y� � MEMBERS OF THE CITY COUNCIL
%•• l
LAWRENCE F BUCHHEIM
� KENNETH E FRIESS
DRUG USE te• 1 im0araaana GARY L HAUSOORFER
I,S ESIAIU'.MID �96) GIFOASS
1 1776 JEFFFVASQUEZ
• I • CITY MANAGER
• STEPHEN B JULIAN
August 9, 1991
Mr. Mark Sanchez
Glenfed Development Corporation
16601 Ventura Boulevard, No. 200
Encino, California 91436
Re: Release of Labor and Material and Subdivision Faithful Performance
Bonds, Loma Vista Tracts 12829 and 12830; Reduction of Labor and
Material and Subdivision Faithful Performance Bonds for Mesa Vista
Tracts 12262 and 12423; and Release of Monumentation Bonds, Tracts
12626 and 12423 (Glenfed Development Corporation)
Dear Mr. Sanchez:
At their meeting of August 6, 1991, the City Council took the following actions:
1. Released the Faithful Performance and Labor and Material Bonds No. 6154415
in the amount of $198,480, for Tract 12829, public street improvements;
2. Released the Faithful Performance and Labor and Material Bonds No. 6154418
in the amount of $106,471, for Tract 12830, public street improvements;
3. Released Monumentation Bond No. 6154411 in the amount of $4,8988 for Tract
12262 and Monumentation Bond No. 6154414 in the amount of $2,990 for Tract
12423;
4. Reduced the Faithful Performance and Labor and Material Bonds No. 6154409
for Tract 12262 from $215,382, to $64,615; and,
5. Reduced the Faithful Performance and Labor and Material Bonds No. 6154412
for Tract 12423 from $248,932 to $74,680.
Faithful Performance Bond No. 6154416, in the amount of $144,175, for Tract 12829,
private street improvements and Faithful Performance Bond No. 6154419, in the amount
of $162,945; for Tract 12830, private street improvements will remain in full force and
value.
32400 PASEO ADELANTO, SAN JUAN CAPISTRANO, CALIFORNIA 92675 • (714) 493-1171
R
Mark Sanchez -2- August 9, 1991
Certified copies of the bonds which were released on August 6, 1991, are enclosed for
your records. If you have any questions, please do not hesitate to call.
Very truly yours,
Cheryl Jo nson
City Clerk
Enclosures
cc: Louise Rice Lawson
Fidelity and Deposit Company of Maryland
Director of Engineering and Building
Ray Vincenti
ii
Nas Drevju,i clarched for this tSonc
CONTRACT BOND-CALIFORNIA it /•?...:�_.t0, the terra Ivrea,
FAITHFUL PERFORMANCE-PUBLIC WORK
RELEASED 615441'
Bond No.
DATE 1(P`// premium- Initial charged for this
INITIALS bond is $100 . 00 subject to
adjustment upon completion of
. contract at applicable rate on
final contract *price.
•
KNOW ALL MEN BY THESE PRESENTS, That Glenfed Development Corporation
of Encino , California , as Principal, and the Fidelity and
Deposit Company of Maryland ., a corporation .organized and existing
under the laws of Mar- land and authorized to transact . surety
business in the State of California, as Surety, are held and firmly
bound unto City of San Juan Capistrano, in the sum of Two Thousand Nine
Hundred Ninety dollars ($2_2_122,2.2____) , for the payment whereof,
well and truly to be made, sat Princial and Surety bind themselves ,
their heirs, administrators, successors and assigns, jointly and
severally, firmly by these presents.
•
THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH, that WHEREAS , the
above-bounden Principal has entered into a Contract dated
February 8 , 3.9 '88 , with the City of San Juan Capistrano to
do and perform the following work, to wit:
•
A Subdivision Monuments for Tract 12 +23
•
NOW, THEREFORE, if the above-bounden Principal shall faithfully
perform all the provisions of said Contract, then this obligation
shall be void; otherwise to remain in full force and effect.
Signed and sealed this 8th day of February 1988
ig
• Gle f d evelopment Corporation
t, Principal
;� , Sc.
V•?
,
APPROVED AS TO FORM. by 1 e, ,\). .
Fidelity and Deposit Company
c/ ilk,
of Maryland
�1. . a ..�. ---._.___�_
Jo R. S aw ""'""'
•
Ci Attorney
,.., bY ... ,•dss' ,?-/--- -- ----Z,""---
rt,.:,..1 0= w Wi 1 son . Attorne;r-in-
A . NO. NN00737
TO 1945 CA (8-84)
(Corporation) J TICOR TITLE INSURANCE
STATE OF CALIFORNIA
1 }
COUNTY OF Los Angeles SS.
On February 8 , 1988 before me, the undersigned, a Notary Public in and for
t said State, personally appeared lak Fujii
personally known to me or proved to me on the basis
a of satisfactory evidence to be the person who executed
w the within instrument as the Sr . Vice
x President, and William R . Willis
...I personally known to me or ,.• .
l i proved to me on the basis of satisfactory evidence to be OFFICIAL SEAL
• the person who, executed the within instrument as the ,.. ANGELA M. �YF3KA
Vice President Sr of the Corporation r1 NOTARY PUBLIC-CALIFORNIA
Vii,,.,, • PRINCIPAL OFFICE IN
that executed the within instrument and acknowledged N eLOS ANGELESCOt1NTY
My
to me that such corporation executed the within instru- Commission Exp. Nay. Iii, 1990
ment pursuant to its by-laws or a resolution of its - ,
board of directors.
WITNESS my acid and offic 1 seal.
It
Signature L l Oje O hieJel (This area for official notarial seal)
• 11)
Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
HOME OFFICE. BALTIMORE.MD.
KNOW ALL MEN BY THESE PRESENTS: That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a corpora-
tion of the State of Maryland, by C. M. PECOT, JR. . Vice-President, and C. W. ROBBINS ,
Assistant Secretary, in pursuance of authority granted by Article VI, Section 2, of the By-Laws of said Com-
pany, which reads as follows:
SEC.2.The President,or any Executive Vice-President,or any of the Senior Vice-Presidents or Vice-Presidents specially author-
ized so to do by the Board of Directors or by the Executive Committee,shall have power,by and with the concurrence of the Secre-
tary or any one of the Assistant Secretaries, to appoint Resident Vice-Presidents, Assistant Vice-Presidents and Attorneys-in-Fact
as the business of the Company may require,or to authorize any person or persons to execute on behalf of the Company any bonds,
undertakings,recognizances,stipulations,pilicies,contracts,agreements,deeds,and releases and assignments of judgments,decrees,
mortgages and instruments in the nature of mortgages,and also all other instruments and documents which the business of the Com-
pany may require, and to affix the seal of the Company thereto.
does hereby nominate, constitute and appoint Charles F. Wilson of Los Angeles, California
its true and lawful agent and Attorney-in-Fact, to make, execute, seal and deliver, for, and on its behalf as
surety, and as its act and deed: any and all bonds and undertakings
And the execution of such bonds or undertakings in pursuance of these presents,shall be as binding upon said
Company,as fully and amply, to all intents and purposes,as if they had been duly executed and acknowledged
by the regularly elected officers of the Company at its office in Baltimore, Md., in their own proper persons.
The said Assistant Secretary does hereh) certify that the aforegoing is a true copy of Article V!, Section 2, of the By-Laws of
said Company, and is now in force.
IN WITNESS WHEREOF, the said Vice-President and Assistant Secretary have hereunto subscribed
their names and affixed the Corporate Seal of the said FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this
21s_t day of April , A.D. 19 _.81
cPoFIDELITY AND DEPOSIT COMPANY OF MARYLAND
ATTEST:T
id S
EAL
,„." e0.D
1• By .. 84:"S
Assistant Secretary Vice-President
STATE OF MARYLAND i SS:
CITY OF BALTIMORE f
On this 21st day of April , A.D. 19 81 before the subscriber, a Notary Public of the State of
Maryland,in and for the City of Baltimore,duly commissioned and qualified,came the above-named Vice-President and Assistant
Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers described
in and who executed the preceding instrument,and they each acknowledged the execution of the same,and being by me duly sworn,
severally and each for himself deposeth and saith, that they are the said officers of the Company aforesaid,and that the seal affixed
to the preceding instrument is the Corporat Seal of said Company, and that the said Corporate Seal and their signatures as such
officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal,at the City of Baltimore,the day and year
first above written.
�r.•„or•.r ji
._.
Notary Public Co assion Expires.�Iuly-..1.,.--1.882
°"`'` CERTIFICATE
1,the undersigned,Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,do hereby certify that the original
Power of Attorney of which the foregoing is a full,true and correct copy,is in full force and effect on the date of this certificate;and I
do further certify that the Vice-President who executed the said Power of Attorney was one of the additional Vice-Presidents spe-
cially authorized b the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI,Section 2 of the By-Laws of
the FIDELITY AND DEPOSIT COMPANY OF MARYLAND.
This Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 16th day of July, 1969.
RESOLVED: "That the facsimile or mechanically reproduced signature of any Assistant Secretary of the Company, whether
made heretofore or hereafter, wherever appearing upon a certified copy of any power of attorney issued by the Company, shall be
valid and binding upon the Company with the same force and effect as though manually affixed."
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this
8thday of February , 19.-.88- •-
Luzsctl.-012 Assista Secrshry
FOR YOUR PROTECTION LOOK FOR THE F&D WATERMARK
California
STATE OF_,__ Los OF Los Angeles SS:
On this 8th day of February , in the year 1988 , before me
LINDA L. CHIPMAN , Notary Public, personally appeared
CHARLES F. WIESH , personally known to me
(or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument as attorney-in-fact of
the Fidelity and Deposit Company of Maryland, the corporation therein named, and acknowledged to me that the corporation
-
executed it. M••N4•+♦++++♦♦♦•H♦ / / /�
Of OFFICIAL SEAL ( 0,,t2
•� . LINDA L. CHIPMAN
„....„...../--
Acknowledgement Gentile e if / `oitw
Notary Public-California
_
wUo Principal Office In
'1 f' Los Angeles County
L4427(CAI-5M, 7-8. 2246.i"rO""�' My Comm. Exp.Apr. 11, 1989
♦.
-.w •
IP ' Th Aremin*1 Char, for this bSond
CONTRACT BOND-CALIFORNIA f. /_^ _.tor r.;e tort tt,or,ss,,
FAITHFUL PERFORMANCE-PUBLIC WORK
LEASE® Bond No. (-4J44F!
DATE Initial premium charged for this
bond is $ 100 . 00 subject to
INITIALS adjustment upon completion of
contract at applicable rate on
final contract 'price.
•
•
KNOW ALL MEN BY THESE PRESENTS, That Glenfed Development Corporation
of Encino , California , as Principaf, and the Fidelity and
Deposit Company of Maryland , a corporation .organized and existing
_ under the laws of Mar land and authorized to transact . surety
business in the State of California, as Surety, are held .and firmly
bound unto City of San Juan Capistrano, in the sum of Two Thousand Nine
Hundred Ninetydollars ($2 990 . 00 ) , for the payment whereof,
W411 and truy to be made, sai Principal and Surety bind themselves ,
their heirs, administrators, successors and assigns, jointly and
severally, firmly by these presents.
•
TE CONDITION OF THE FOREGOING OBLIGATION IS SUCH, that WHEREAS , the
above-bounden Principal has entered into a Contract dated
February 8 , 1988 , with the City of San Juan Capistrano to
do and perform the following work, to wit:
•
Subdivision Monuments for Tract 12 +23
•
•
NOW, THEREFORE, if the above-bounden Principal shall faithfully
perform all the provisions of said Contract, then this obligation
shall be void; otherwise to remain in full force and effect.
•
Signed and sealed this 8th day of February 1988
• G en ed Development Corpora-Lion
Principal'
- % - �.► Q
APPROVED AS TO FORM. by Gt' 4� I4--
• Fidelity and Deposit Company
of Maryland
Jo ' R. S aw
Ci Attorney
(Tharles F . Wilson , Aticr_iey-in-T
CAT. NO. NN00737
e TO 1945 CA (8-84)
(Corporation) J TICOR TITLE INSURANCE
1, STATE OF CALIFORNIA
COUNTY OF Los Angeles } SS.
On February 8 , 1988 before me, the undersigned, a Notary Public in and for
. t Tak k
said State, personally appeared 1 an Fu]ii
personally known to me or proved to me on the basis
1.1 of satisfactory evidence to be the person who executed
e the within instrument as the S r . Vice
W
z President, and Wi 1 1 i am R _ Willis ..........
J personally known to me or "'a OFFICIAL SEAL
• proved to me on the basis of satisfactory evidence to be ANGELA M. RYBKA
• the person who, executed the within instrument as the �. NOTARY PUBLIC.CALIFORNIA
Vice Presidents of the Corporation S. PRINCIPAL OFFICE IN
that executed the within instrument and acknowledged . ' r LOS ANGELES COUNTY
to me that such corporation executed the within instru- ' My Commission Exp. Nov. 6, 1990
,, ment pursuant to its by-laws or a resolution of its "..°..'.
board of directors.
WITNESS my and and officialciiseall
Signature 9tf.J I'"1 • QVI6,- (This area for official notarial seal)
0 411111
.t . Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
HOME coma, BALTIMORE.MD.
KNOW ALL MEN BY THESE PRESENTS: That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a corpora-
tion of the State of Maryland, by C. M. PECOT, JR. , Vice-President, and C. W. ROBBINS ,
Assistant Secretary, in pursuance of authority granted by Article VI, Section 2, of the By-Laws of said Com-
pany, which reads as follows:
SEC. 2.The President,or any Executive Vice-President,or any of the Senior Vice-Presidents or Vice-Presidents specially author-
ized so to do by the Board of Directors or by the Executive Committee,shall have power,by and with the concurrence of the Secre-
tary or any one of the Assistant Secretaries, to appoint Resident Vice-Presidents, Assistant Vice-Presidents and Attorneys-in-Fact
as the business of the Company may require,or to authorize any person or persons to execute on behalf of the Company any bonds,
undertakings,recognizances,stipulations,policies,contracts,agreements,deeds,and releases and assignments of judgments,decrees,
mortgages and instruments in the nature of mortgages,and also all other instruments and documents which the business of the Com-
pany may require, and to affix the seal of the Company thereto.
does hereby nominate, constitute and appoint Charles F. Wilson of Los Angeles, California
its true and lawful agent and Attorney-in-Fact, to make, execute, seal and deliver, for, and on its behalf as
surety, and as its act and deed: any and all bonds and undertakings
And the execution of such bonds or undertakings in pursuance of these presents,shall be as binding upon said
Company,as fully and amply, to all intents and purposes,as if they had been duly executed and acknowledged
by the regularly elected officers of the Company at its office in Baltimore, Md., in their own proper persons.
The said Assistant Secretary does herd)) certify that the aforegoing is a true copy of Article V!, Section 2, of the By-Laws of
said Company,and i- now in force.
IN WITNESS WHEREOF, the said Vice-President and Assistant Secretary have hereunto subscribed
their names and affixed the Corporate Seal of the said FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this
21st . __ . _. .. _ _ day of April , A.D. 19 ..81.
.....4, FIDELITY AND DEPOSIT COMPANY OF MARYLAND
, oma s, ATTEST:
:_ Y el4Sti?'".o SEAL e LL n
.yT1 CZ;�....•-° By .._.
Assistant Secretary Vice-President
STATE OF MARYLAND l SS:
CITY OF BALTIMORE f
On this 21st day of April , A.D. 19 81 before the subscriber, a Notary Public of the State of
Maryland, in and for the City of Baltimore, dilly commissioned and qualified,came the above-named Vice-President and Assistant
Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers described
in and who executed the preceding instrument,and they each acknowledged the execution of the same,and being by me duly sworn,
severally and each for himself deposeth and saith,that they are the said officers of the Company aforesaid,and that the seal affixed
to the preceding instrument is the Corporat, Seal of said Company, and that the said Corporate Seal and their signatures as such
officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal,at the City of Baltimore,the day and year
first above written.
•MO4$Y'.1.
. -�
#� Notary Public Co .►scion Expires-�Iuly.--1-*--.7.x$2
�` =%fo CERTIFICATE
I,the undersigned,Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,do hereby certify that the original
Power of Attorney of which the foregoing is a full,true and correct copy,is in full force and effect on the date of this certificate;and I
do further certify that the Vice-President who executed the said Power of Attorney was one of the additional Vice-Presidents spe-
cially authorized b the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI,Section 2 of the By-Laws of
the I IDELITY AND DEPOSIT COMPANY OF MARYLAND.
This Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 16th day of July, 1969.
RESOLVED: "That the facsimile or mechanically reproduced signature of any Assistant Secretary of the Company, whether
made heretofore or hereafter, wherever appearing upon a certified copy of any power of attorney issued by the Company, shall be
valid and binding upon the Company with the same force and effect as though manually affixed."
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this
_ -- 8th clay of February , 1988
Lu2sctf.-012 Assists Secretary
FOR YOUR PROTECTION LOOK FOR THE F&D WATERMARK
11`,S ,E`oF____ California 0 I)
'S
COUNTY OF Los Augal As SS:
On this 8th day of February , in the year 19 8 8 , before me
LINDA L. CHIPMAN , Notary Public, personally appeared
CHARLES F. WILSON
, personally known to me
(or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument as attorney-in-fact of
the Fidelity and Deposit Company of Maryland, the corporation therein named, and acknowledged to me that the corporation
executed it. .....-••-•-••-•-•-•••-•••••
0,0, or a OFFICIAL SEAL \...---724–,-
t!
LINDA L. CHIPMAN —T
Acknowledgement Certific. • • ••:`-:. "`1 Notary Pubfic•Cakfornia
i ,1 Principal Office In
'� __ Los Angeles County
0'. ° My Comm. Exp.Apr. 11, 1989
L4427 ICA)-5M, 7-86 2•i i. t"'0"s
4•.•f