Resolution Number 17-11-07-03x
RESOLUTION NO. 17-11-07-03
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DETERMINING COMPLETION OF WORK
IN ACCORDANCE WITH APPROVED PLANS AND SPECIFICATIONS
FOR THE CONSTRUCTION OF ON-SITE AND OFF-SITE
IMPROVEMENTS ASSOCIATED WITH TRACT NO. 16168, COVE
ESTATES (COVE ESTATES LLC)
WHEREAS, on October 1, 2013, the City of San Juan Capistrano entered into a
Subdivision Improvement Agreement with the developer of the Cove Estates
Residential Development (Tract No. 16168) providing for the construction of certain
onsite improvements; and,
WHEREAS, Cove Estates LLC, the current developer of Tract 16168 has
requested that the City determine that such certain on-site improvements are completed
and the corresponding remaining surety bonds be released accordingly. The surety
release is as follows:
SURETY COVERAGE
(International Fidelity Insurance Company)
Bond Number Type of Improvement Bond Amount
0611240 On-site Street, Water, Sewer,
Storm Drain, and Monumentation $113,188.00
0611239 Landscape and Irrigation $ 33,335.50
Total Bond Amount $144,523.50
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That the improvement work required to be performed by said developer
has been completed and approved.
SECTION 2. That the completed work with a value of $144,523.50 is accepted.
SECTION 3. That the sureties described in the chart above may be released
accordingly.
DeceGn eDD0nV=n
AtVD ADOPTED this 7th day of November, 2017.
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RR K. G N, AYOR
11/7/2017
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 17-11-07-03 was duly adopted by the
City Council of the City of San Juan Capistrano at the Regular meeting thereof, held the
7`" day of November 2017, by the following vote:
AYES: COUNCIL MEMBERS: Reeve, Patterson, Maryott, Fares and Mayor Ferguson
NOES:/COUNCIL MEMBERS: None
ABSERT:COUNCIL MEMBERS: None
11/7/2017