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1991-0809_GLENFED DEV CORP._Retention Release 1226 2- re MEMBERS OF THE CITY COUNCIL 11. LAWRENCE F ESS CHHEIM KENENNETHH E FRIES DRUG USE (�` " into.Poon110 GARY L HAUSDORFER IS A$I11Xfe 1961 GIL JONES ABI V 1776 JEFF VASQUEZ • 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; 388 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 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 t sett premium C iarced for tis bend . CONTRACT BOND-CALIFORNIA i• .,—_.fa the rata theta*, FAITHFUL PERFORMANCE-PUBLIC WORK ,i..1.EASE® Bond No. 0154411 • DATE /4O 9 Initial premium charged for this bond is $ l00 . 0o 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 _ _____a___ Encino , California , as Principal, and the Fidelity and a corporation .organized and existing CAT. NO. NN00737 -�esi+#. Q17TPtY TO 1945 CA (8-84) (Corporation) TICOR TITLE INSURANCE Y .. ,' STATE OF CALIFORNIA Eight COUNTY OF Los An eles } t On Fb eruary 8 , Iggg es , before me, the undersigned, a Notary Public in and for said State, personally appeared Tar—F U�ii personally known to me or proved to me on the basis Wu of satisfactory evidence to be the person who executed the within instrument as the S r . Vice • W President, and �i l l i m R personally known to me or ammow proved to me on the basis of satisfactory evidence to be • the person who, executed the within instrument as theOFFICIAL SEAL Vice PresientANGELA i, that executed the within instrument of the Corporation KA e filliiiN. NOTARY PUBLIC RYc'3 nt and acknowledged . �N UBLIC-CALIFORNIA to me that such corporation executed the within instru- "t' , PRINCIPAL OFFICE IN • .ciz mens pursuant to its by-laws or a resolution of its k LOS ANGELES COUNTY 'I , board of directors. My Commission bp. Nov. 6, 1990 WITNESS my and off cial seal. r /, L •i Signature tt I/ I � (This area for official notarial seal) NOW, THEREFORE, if the above-lav u.wu. — ___ ___ 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 day of February 1988 _r • G1 of d )evelopment Corporation r Principal r • Wl / / '. APPROVED AS TO FORM. by �` Fidelity and Deposit Company t.1 '` of Maryland r+l. • ' \ ........4. . Ci Attorney k. by ,r,...41 :--Z---.7'.°11.----- ___:1-f--- ,_‘-A—_ - nharl aq F . Wilson , Atto:•ney-i - t . Nib prea n Cbarcad !or t1! bone CONTRACT BOND-CALIFORNIA t• ivtZ._.._ cveterra Y«► FAITHFUL PERFORMANCE-PUBLIC WORK • 54411- „,._,LEASEDBond No �,_ DATE V4P//9/ 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 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 Four Thousand Eight H n red Ei ht Ei ht dollars ($_ 4 , 888 . 00 ) , for the payment whereof, we an tru y to be made, said Principal 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 , 1918 , with the City of San Juan Capistrano to do and perform the following work; to wit: • Subdivision Monuments for Tract 12262 • NOW, THEREFORE, if the above-bounden Principal shall faithfully perform all the provisions of said Contract, then this obligation ti shall be void; otherwise to remain in full force and effect. • Signed and sealed this 8th day of February 1988 • • 01 of d Development Corporation Principal APPROVED AS TO FORM. by 1 Fidelity and Deposit Company 11, r """' of Maryland • S aw Ci Attorney by far? a� r Wilson , itto: ney-in LAI. NU. NN00737 TO 1945 CA (8-84) (Corporation) J TICOR TITLE INSURANCE t STATE OF CALIFORNIA } COUNTY OF Los Angeles SS. On February 8 , 1988 before me, the undersigned, a Notary Public in and for 4. said State, personally appeared Tak Fuji i personally known to me or proved to me on the basis u of satisfactory evidence to be the person who executed e the within instrument as the S r . Vice W = President,and William R . Willis w personally known to me or < proved to me on the basis of satisfactory evidence to be , OFFICIAL SEAL • the person who. xecuted the within instrument as the � ; ANGELA M. RYBKA Vice P r e s i d e n t )S�of the Corporation ` �� NOTARY PUBLIC•CALIFORNIA that executed the within instrument and acknowledged , PRINCIPAL OFFICE IN to me that such corporation executed the within instru- telt.; ' LOS ANGELES COUNTY ment pursuant to its by-laws or a resolution of its Asa: Mr Commission Exp. Nov. 6, 1990 board of directors. WITNESS my piand and official seal. Signature � t (This area for official notarial seal) r " prossdu etcryed for Ns Wm; CONTRACT BOND-CALIFORNIA __ __ro, r;ie , theiratV FAITHFUL PERFORMANCE-PUBLIC WORK �, 6154411 J...LEASE0 Bond No. Initial premium charged for this DATE bond is $100 . 00 subject to adjustment upon- completion of INITIALS contract at applicable rate on final contract price. KNOW ALL MEN BY THESE PRESENTS, That Glenfed Development Corporation of Encino , California , as Principal, and the Fidelity and Deposit Company of Maryland • , a corporation .organized and existing under the laws of Mar land and authorized to transact . surety business in the State o a i ornia, as Surety, are held and firmly bound unto City of San Juan Capistrano, in the sum of Four Thousand Eight Hundred Eighty Eight dollars ($_ - , 888 . 00 ) , for the payment whereo � well and truly to be made, said Principal 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 , 1988 , with the City of San Juan Capistrano to do and perform the following wor17 to wit: • Subdivision Monuments for Tract 12262 • •' 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 this8tth day of February 1988 • Gle fe evelopment Corporation• . Ail APPROVED AS TO FORM. by ki \�. , Q.P-�` Fidelity and Deposit Company `t/ of Maryland Jo R. S aw • Ci Attorney by ,% . ori A� 7 _ Wilson . Attorney-in- ' i 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 Tak Fujii personally known to me or proved to me on the basis w of satisfactory evidence to be the person who executed c the within instrument as the Sr . Vice x President, and William R . Willis , Id personally known to me or "....... 4 OFFICIAL,SEAL F proved to me on the basis of satisfactory evidence to be : t, ANGELA M. RYBKA • • the person who, executed the within instrument as the ��'F`"v NOTARY PUBLIC.CALIFORNIA Vice President S&4cof the Corporation ' ler ; PRINCIPAL OFFICE IN that executed the within instrument and acknowledged `._ '% LOS ANGELES COUNTY to me that such corporation executed the within ins u My Commission Exp. Nov. 6, 1990 ment pursuant to its by-laws or a resolution of its . board of directors. 111 WITNESS m nod and of ficial seal. Si nature ^J lal.►(y �C& . k . (416-- (This area for official notarial sealg / ) (. • Power of Attorney FIDELITY AND DEPOSIT COMPANY OF MARYLAND HOME oma. 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 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 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 hereby 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 21s.t day of April , A.D. 19 _81 FIDELITY AND DEPOSIT COMPANY OF MARYLAND et ATTEST: SEAL�� � � n � eicL 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, 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. o�� r, f....... V NOT��Y 11 '.. • s:_. u °l Notary Public Co ..lesion Expires-�Iuly -1.�--.1.x$2 rVsl C + 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 bythe Board of Directors to appoint any Attorney-in-Fact as provided in Article VI,Section 2 of the By-Laws of the t'IDELITY AND EPOSIT 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 ttSi tt day of February 19-- $-- LI4211Ctf.-012 Assists Secretary FOR YUTTR PRfTPC`TTfM I.fflk FOR THE FfiirD WATERMARK STATE OF_ California COUNTY O„. Los Angeles SS: On this 8th day of February , in the year 1_988 , before me LINDA L. CHIPMAN , Notary Public, personally appeared CHARLES F. WILSON , personally known to me r (or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument as attorney-in-fact of t,the Fidelity and Deposit Company of Maryland, the corporation therein named, and acknowledged to me that the corporation • executed it. -•'•'~`••.-."• / •r iOFFICIAL SEAL / l` LINDA L. CHIPMAN L a ��'`' Notary Public-California Acknowledgement Certifica• 1 .1' I41 x!ill o Principal Office In : � Los Angeles County °•t,ZMy Comm. Exp. Apr. 11, 1989 L4427(CAI-5M, 7-86 4660 N 11111 Power of Attorney ► FIDELITY AND DEPOSIT COMPANY OF MARYLAND HOME OPPIQi 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 atld 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 clues hereby 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. jr FIDELITY AND DEPOSIT COMPANY OF MARYLAND ATTEST: SEAMsg 0„) L ] e n By Assislant Secretary Vice-President STATE OF MARYLAND l SS: CITY OF BALTIMORE f On this 21 st 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. y+rOT...'Yfl Notary Public Co p' ;^►�."�:.�� ..Ission Ex rtes-.Iuly1-*---1682 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 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 W,$EREOP, I have hereunto ubscribed my name and affixed the corporate seal of the said Company, this fl day of It y , 19 88 Lt42sCtf.-012 Assists Secretary FOR YOUR PROTECTION LOOK FOR THE F&D WATERMARK IF STATE OF___' California COtiN14Y OF Los Anaeles SS: On this 8th day of February , in the year 1 9 8 8 , before me LINDA L. CHIPMAN , Notary Public, personally appeared VARIES LIME , 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 ♦-OA*ice+1�����N�N executed it. 2 ye..7....2.,./ ,op- eo h OFFICIAL SEAL / • LINDA L. CHIPMAN ( � C. , �`�' t` j-_�' Notary Public-California Acknowledgement Certifica E:-�"' �-� "� WV �' '�*)9; Principal Office In Los Angeles County `4,rrti P My Comm. Exp. Apr. 11, 1989 L4427 ICA)-5M, 7-86 •-.♦,.