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. ____