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1983-0609_CRAIG DEVELOPMENT CORP_J4a_Item Minutes• ` Pal. \� 3. RESOLUTION, NOTICE OF COMPLETION AND (85) Written Communications: Report dateE June 9, 1983, from the Director of Public Works, advising that Craig Development Corporation has requested release of the -bonds and landscape deposit held by the City for on- and off-site improvements in Tracts 8087 and 8319. Similar requests made in 1979 and 1980 were not approved due to slope failures in the development; however, in 1979, the City Construction Inspector had determined that the public improvements were complete. The City Attorney stated that the City has no alternative except to release the improvement bonds; however, release of the $10,000 cash deposit for landscaping could be treated as a separate item if it were determined that the landscaping is not complete. Com letion of Im rovements: It was move y Counci man Hausdorfer, seconded by Councilman Schwartze. that the following Resolutions be adopted: RESOLUTION NO. 83-6-9-3, COMPLETION OF PUBLIC IMPROVEMENTS - TRACT CRAIG MEREDITH CANYON) A RESOLUTIO OF THE CITY COUNCl �fTY OF SAN JUAN CAPISTRANO, CALIFORNIA, DECLARING WORK TO BE COMPLETED AS TO PLANS AND SPECIFICATIONS FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS - TRACT 8087 -- -- ICRAIG/MEREDTTH CANYONI -- _- I NO. 83-6-9-4 JUAN CAPISTRANO, CALIFORNIA, DECLARING WORK TO BE COMPLETED AS TO PLANS AND SPECIFICATIONS FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS - TRACT 8319 (CRAIG/MEREDITH CANYON) The motion carried by the following vote: AYES: Councilmen Hausdorfer, Buchheim, Schwartze and Mayor Bland NOES: None ABSENT: Councilman Friess The Resolutions accept the public improvements in Tracts 8087 and 8319 as complete and direct the City Clerk to forward Notices of Completion to the County Recorder within 10 days. Release of Surety: The o owing onds from Argonaut Insurance are to be released 35 days after recordation of the Notices of Completion: Tract Purpose Bond No. Amount 8087 Faithful Performance 090824 $359,000 Labor & Materials and 090824 359,000 Monumentation 8319 Faithful Performance 090823 202,100 Labor & Materials and 090823 202,100 Monumentation The following Grading Bonds from Safeco Insurance may be released immediately: Tract Bond No. Amount 8087 2210963 $ 71,040 8319 2210964 35,020 Grading bonds for the development were issued and held under the County of Orange prior to formation of the City's i Building Division. Retention of Cash De sit: it was move y cunca man Hausdorfer, seconded by Councilman Schwartze and unanimously carried that the $10,000 cash security deposit held by the City for landsca Ana purposes not be released. ____