1993-0622_GLENFED DEV CORP._Bond release sae•
�yAJ MEMBERS OF THE CITY COUNCIL
- COLLENECAMPBELL
GARY L.HAUSDORFER
GIL JONES
DRUG USE sail, m(GBMOMar[D CAROLYN NASH
1= 0111lISM(D 1961 JEFF VASQUEZ
• 1776 11
• • CITY MANAGER
Q4444441444. • GEORGE SCARBOROUGH
June 22, 1993
Mr. Mark Sanchez
GlenFed Development Corporation
16601 Ventura Boulevard, No. 200
Encino, California 91436
Re: Release of Performance Bonds, Private Street Improvements (Tracts 12423
& 12262
Dear Mr. Sanchez:
Enclosed is a certified copy of the following bonds held as surety for the above-
referenced project:
PURPOSE AMOUNT
Performance Bond $102,270 and reduced by
No. 6154410 City Council Action of July 16,
1991 to $34,030
Performance Bond $81,547 and reduced by
No. 6154413 City Council Action of July 16,
1991 to $27,150
The Performance Bonds are released per the April 20, 1993, City Council approval of the
transfer of assignment of Improvement Agreements, Tracts 12262 and 12423, from
GlenFed to CCL Realty.
If you have any questions, please do not hesitate to call.
Very truly yours,
ka,t0 P-1) laE;
Dawn M. Schanderl
Deputy City Clerk
Enclosure
cc: William Huber, Director of Engineering & Building Safety
Theodore Simon, City Engineer
Sam Shoucair, Associate Civil Engineer
Fidelity and Deposit Company of Maryland
32400 PASEO ADELANTO, SAN JUAN CAPISTRANO, CALIFORNIA 92675 • (714) 493-1171
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, DAWN M. SCHANDERL, Deputy City Clerk of the City of San Juan
Capistrano, California, DO HEREBY CERTIFY that the attached is a true and correct
copy of the following document:
1. Performance Bond No. 6154410, dated February 8, 1988, in the amount of
$102,270 and reduced to $34,030 by City Council Action of July 16, 1991,
regarding private street improvements, Tract 12262, Glenfed Development
Corporation.
2. Performance Bond No. 6154413, dated February 8, 1988, in the amount of
$81,547 and reduced to $27,150 by City Council Action of July 16, 1991,
regarding private street improvements, Tract 12423, Glenfed Development
Corporation.
(SEAL)
/07/0:4
DAWN M. SCHANDERL, DEPUTY CITY CLERK
San Juan Capistrano, California
Dated this 22nd day of June, 1993.
ar this Dom
• 615441.0 • y f
RELEASED —fa the Imo tlieratO
/
PERFORMANCE BOND 7//CO/ 4/
DATE "1-1zo r3 *311 030
K,2, LL MEN BY THESE PRESENTS:
INITIA ./..... 1 A • raV _1 i / '
r01
That Glenfed Development Corporation
i e I y an eposi om any
as Principal, hereinafter called CONTRACTOR, and of Maryland
as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San
Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of one Hundred Two
Thousand Two Hundred Seventy Dollars for payment whereof Contractor
and Surety bind themselves, their heirs, executors, administrators, successors, and
assigns, jointly and severally, fairly by these presents.
WHEREAS, Contractor has by written agreement dated
February 8 , 1988 , entered into a (describe agreement):
Private Streets , Tract No . 12262
which contract is by reference made a part hereof;
NOW, THEREFORE, the condition of this obligation is such that, if Principal
shall promptly and faithfully perform said agreement, then this obligation shall be null
and void; otherwise it shall remain in full force and effect. Surety waives whatever legal
right it may have to require that a demand be made first against the principal in the
event of default.
BE IT FURTHER RESOLVED, that:
1. As a part of the obligation secured hereby, and in addition to the face
amount specified, there shall be included costs and reasonable expenses and fees,
including reasonable attorney's fees, incurred by City in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
•
t. a • •
2. Said Surety, for value received, hereby stipulates and agrees that no change,
extension of time, alteration, or modification of the contract documents or of the work
to be performed thereunder, shall in any way affect its obligations or this bond, and it
does hereby waive notice of any such change, extension of time, alterations, or
modifications of the contract documents or of work to be performed thereunder.
Executed this 8th day of February , 19 88 at
Pasadena , California.
PRIN Pt. G enfed Developmant Corpora
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APPROVED AS TO FORM (NOTARIZATION AND SEAL)
• f 1 ki,„r----
1
J• ' R. SHAW, CITY ATTORNEY
SURETY
Fidelity nd Deposit Company of MarylE
' 7-2.--r-- --,-re'''
Charles F . :• ilson , At orney-in- act
(NOTARIZATION AND SEAL)
1
.
1 •
CAT. NO. NN00737
TO 1945 CA (8-84)
(Corporation) J TICOR TITLE INSURANCE
STATE OF CALIFORNIA
COUNTY OF Los Angeles } ss.
4..
On February 8 , 1988 before me, the undersigned, a Notary Public in and for
T said State, personally appeared Tak Fujii
iwk
personally known to me or proved to me on the basis
zof satisfactory evidence to be the person who executed
W the within instrument as the S r. Vice
z President, and William R. Willis
J personally known to me or ,.P
.R. y
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 �*;,
Vice President SiC� .4,316,of the Corporation .' , `4, NOTARY PUBLIC-CALIFORNIA
• �r•,'0 PRINCIPAL OFFICE IN
that executed the within instrument and acknowledged - LOS ANGELES COUNTY
to me that such corporation executed the within instru- `r,1„`,_;: ,. My Commission Exp. Nov. 6, 1950
ment pursuant to its by-laws or a resolution of its ''""""'"^`-"""trr„d.A
f board of directors.
WITNESS my hand and official
seal. yi_b_,Signature X 0 . • (This area for official notarial seal)
•
a
Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
HOME OfflcE. 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 arid 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,p)licies,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 acid 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 herch) 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.
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
o°r"os,, ATTEST:
fr' axe y
to . e ej4iSi?""''co. By
Assistant Secretary Vice-President
STATE OF MARYLAND l SS:
CITY OF BALTIMORE J
On this 21 at 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.
1: -' ' Notary Public Co ,fission Expires-.Iuly1_....1.g82
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-
cialix 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 1.mum 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 day of February , 19..88
• AMOK
LI428Ctf.-012 A ssista Secretary
FOR YOUR PROTECTION LOOK FOR THE F&D WATERMARK
. .
t a,' •
t '3
FE t?, 9 4'1,18
CITY OF I Cs)
SAN JUAN CAPISTRANO
CALIFORNIA
.- CaliforniaOP •
STATE OF_
. . Los Angeles ss:
COUNTY OF
On this 8th day of February , in the year 19 8 8 , before me
LINDA L. CHIPMAN , Notary Public, personally appeared
-OAKES 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. g�• e OFFICIAL SEAL l .
o LINDA L. CHIPMAN �,
o n�, Notary Public-California
ift
Acknowledgement Certifica " rt-�9
r; w�.,; Principal Office In
;-1J
Los Angeles County
°•G.b.1.0• My Comm. Exp. Apr. 11, 1989
L4427(CAI-5M, 7-864 N4•♦
. M
4.o alt Mane ebar ,d for this b0116
y�/ ' _!or the uermx.a
PERFORMANCE BOND rELEASED
KNOW ALL MEN BY THESE PRESENTS: DATE epepti
INITIALS
That Glenfed Development Corporation
1 . e 1 y an. leposi om.any
as Principal, hereinafter called CONTRACTOR, and of Maryland ,
as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San
Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of One Hundred Two
Thousand Two Hundred Seventy Dollars for payment whereof Contractor
and Surety bind themselves, their heirs, executors, administrators, successors, and
assigns, jointly and severally, fairly by these presents.
WHEREAS, Contractor has by written agreement dated
February 8 , 1988 , entered into a (describe agreement):
Private Streets , Tract No . 12262
which contract is by reference made a part hereof;
NOW, THEREFORE, the condition of this obligation is such that, if Principal
shall promptly and faithfully perform said agreement, then this obligation shall be null
and void; otherwise it shall remain in full force and effect. Surety waives whatever legal
right it may have to require that a demand be made first against the principal in the
event of default.
BE IT FURTHER RESOLVED, that:
1. As a part of the obligation secured hereby, and in addition to the face
amount specified, there shall be included costs and reasonable expenses and fees,
including reasonable attorney's fees, incurred by City in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
2. Said Surety, for value received, hereby stipulates and agrees that no change,
extension of time, alteration, or modification of the contract documents or of the work
to be performed thereunder, shall in any way affect its obligations or this bond, and it
does hereby waive notice of any such change, extension of time, alterations, or
modifications of the contract documents or of work to be performed thereunder.
Executed this 8th day of February 19 88 , at
Pasadena , California.
PRIN p enfed Developmant Ccrporat
-=- fir• \U?•
GtL,L ,,,?.
APPROVED AS TO FORM (NOTARIZATION AND SEAL)
G ,
I
Lr-
3. R. SHAW, CITY ATTORNEY
SURETY
Fidelity and Deposit Company of Maryla
•
ar es i son , nrney-in- act
(NOTARIZATION AND SEAL)
CAT. NO. NN00737
TO 1945 CA (8-84)
(Corporation) J TICOR TITLE INSURANCE
STATE OF CALIFORNIA
COUNTY OF Los Angeles } SS.
On February 8 , 1988 before me, the undersigned, a Notary Public in and for
t said State, personally appeared `i'ak Fuji i
personally known to me or proved to me on the basis
w of satisfactory evidence to be the person who executed
L the within instrument as the S r . Vice
W
X President, and W i l l mm R _ W i l l i s
w 0" a, OFFICIAL SEAL
` personally known to me or i •, ANGELA M. RYBKA
< proved to me on the basis of satisfactory evidence to be ,,.,.
r NOTARY PUBLIC-CALIFORNIA
• the person who, executed the within instrument as the " 3'',a� PRINCIPAL OFFICE IN
Vice President )Sik-iceW of the Corporation i ,► LOS ANGELES COUNTY
that executed the within instrument and acknowledged My Commission Exp. Nov.6, 1990 .
to me that such corporation executed the within instru ��w����wr�wir�w�nww�www++��rrrrir++•
ment pursuant to its by-laws or a resolution of its
board of directors.
WITNESS my hand and official seal.
S
Signature C 1 �l ] � 1,� ( ' ti f (This area for official notarial seal)
•
• Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
NOME OFFICE. BALTIMORE. MO,
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 Executiv.!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 arid 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,p)licies,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 arid 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 herelb) 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 . 19 _.81.
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
ootnosr ATTEST:
so cgs n
SEAL ? e
By .u. ..
Assistant Secretary Vice-President
STATE OF MARYLAND l SS:
CITY OF BALTIMORE
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, l
•_. Notary Public Co .assion Expires-July.--1-,...1.x$2
°uscc:•J
....... 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-
ciaLiv 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
day of February , 19 88
• 401111,
Lt4211Crf.-012 Assists Secretary
FOR YOUR PROTECTION LOOK FOR THE F&D WATERMARK
,,
. -
Cm OF
CALIFORNIA
IIP 1111
California
STATE OF_
COUNTY OF Los AnEelea SS:
On this 8th day of February , in the year �9 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. +...-k+-•.....•s.•.4••-.• j�
9EP o. OLINDA L.FFICIACHIPMAN L SEAL r/ ( �
i �A NotaryPubMc California
Acknowledgement Certifi _.,� �(�a*
y` �,,'R�� Principal Office In
. Los Angeles County
L4427(CA)-5M, 7 22.s;".`"" My Comm. Exp. Apr. 11, 1989