Loading...
10-0426_SEACOUNTRY HOMES (RSB HOMES, INC)_Release of Suretyv 32400 PASEO ADELANTO SAN JUAN CAPISTRANO, CA 92675 (949) 4931171 (949) 4931053 F" wwwsanjuancapistrano.o g August 24, 2011 Joe Villanueva Union Bank 445 S. Figueroa St. 131h Floor Los Angeles, CA 90071 RE: Release of Surety - Certificate of Deposit - SeaCountry Homes To Whom it May Concern: MEMBER$ OF THE CITY COUNCIL SAMALLEVATO LAURA FREESE WiRYKRAMER DEREK REEVE JOHN TAYLOR The City of San Juan Capistrano hereby fully and forever releases and discharges the following Certificate of Deposit receipt that was placed as surety: By: SeaCountry Homes Payment Bond Certificate: Serial No. 2349007928 Amount: $26,150.94 Project Name: Home Warranty Program Description: Tract 16748, Lot 1-4; Tract 16749, Lot 1, 5 & 6 The original - released - Certificate of Deposit Receipt is enclosed. If you have any questions, please do not hesitate to call me at (949) 443-6308. Sincerely, C�c'_"fie �4 CO`-( Cl¢v t - Maria Morris, CMC `� 1 City Clerk Attachment: Payment Bond Ce rial UiTiber.2349007928 Released to and Accepted b,�,� Date: IO-IZ41 1% Cc: Tom Atkins, The SeaCounty Group San Juan Capistrano: Preserving the Past to Enhance the Future `^, PMtedo lW%rarycrea paper U Christy Jakl From: Tom Atkin <Tom@seacountrygroup.com> Sent: Wednesday, August 24, 2011 11:11 AM To: Christy Jakl Cc: Crosby Bennett Subject: Release of $30,000 Kristy Jakl, LIN As we discussed, you are authorized to release the $30,000 warranty bond deposit to Crosby Bennett with SeaCountry Homes. He will stop by your office today. Thanks MEMORANDUM July 7, 2011 TO: Maria Morris, City Clerk FROM: Ayako Rauterkus, Management Analysa"- SUBJECT: Request of Release of Payment Bond Certificate in lieu of Home Warranty Bond — Lot 1 through 4, Tract 16748, Lot 1, 5 & 6, Tract 16749, RSB Homes, Inc; DBA SeaCountry Homes SeaCountry Homes, builder of the homes on the above mentioned lots has posted the Payment Bond Certificate in lieu of Home Warranty Bond. I have requested to file the original certificate in the City Clerk's office back in April 2010. At the City Council meeting on June 7, 2011, the City has rescinded the program and the ordinance was passed and adopted, therefore, the subject bond certificate shall be released. I attached a copy of the bond certificate and the memo from April 2010. The contact information and address for the bank is follows. Also please copy Mr. Tom Atkins with the SeaCountry Group on your release letter. Release Letter addressed to: Joe Villanueva Union Bank 445 S. Figueroa St. 13th Floor Los Angeles, CA. 90071 Copy to: X;(,- Tom Atkins �JUb) 3lJd , Suie The SeaCountry Group x235 %vloVLLL} tt1 2451 Impala AF9, 8Ufte-A Carlsbad- 6P,92a79 EvlC�w�kasr� o -oa—i ARa� �e.� n.Ge✓ Attachments UNION BANK, N.A. PAYMENT BOND CERTIFICATE Automatic Renewal, Non -Negotiable Office of Account: SAN DIEGO REAL ESTATE DEPOSITS Account Number: 2349007928 LIM Certificate Serial Number: 2349007928 Amount Deposited $26,150.94 On April 20, 2010, Twenty Six Thousand One Hundred Fifty And 941100 Dollars was deposited for 091 Days by RSB HOMES, INC.; DBA SEACOUNTRY HOMES (Depositor) and is payable to CITY OF SAN JUAN CAPISTRANO on July 20, 2010 (the Maturity Date), upon presentation of this certificate, properly endorsed. This deposit will earn interest at the rate of 00.250% compounded daily using a 365 -day year, for an annual percentage yield of 00.250%. Interest will be paid to the Depositor At Maturity. If this Certificate is not presented for payment on the account's Maturity Date or within 10 days after that date, the deposit will be renewed for a like term at the interest rate in effect on the account's Maturity Date.This Certificate is transferable. If all or any part of this deposit is withdrawn before the account's Maturity Date, the amount withdrawn may be subject to an early withdrawal or compensating fee. AUTH r IZED SIGNATURE FORM 03117 -OASIS (F.REV.07/2009) RELES Date: Signature 5 Apursckia City Clerk City of San Juan Caplstran , C4 UNION BANK, N.A. �-W PAYMENT BOND CERTIFICATE Automatic Renewal, Nan-Negotlable Certificate Serial Number: 2349007928 Officeof Account: SAN DIEGO REAL ESTATE DEPOSITS Account Number. 2349007928 Amount Deposited $28,150.84 On April 20, 2010, Twenty Six Thousand One Hundred Fifty And 941100 Dollars was deposited for 091 Days by RSB HOMES, INC.; DSA SEACOUNTRY HOMES (Depositor) and is payable to CITY OF SAN JUAN CAPISTRANO an July 20, 2010 (the Maturity Date), upon presentation of this certificate, properly endorsed. This deposit will earn interest at the rate of 00.250% compounded dally using a 355 -day year, for an annual percentage yield of 00.250%. Interest will be paid to the Depositor At Maturity. If this Certificate Is not presented for payment on the amount's Maturity Date or within 10 days after that date, the deposit will be renewed for a like lens at the interest rate in effect on the amount's Maturity Date.This Certificate is transferable. If all or any pad of this deposit is withdrawn before the amount's Maturity Data, the amount withdrawn may be subject to an early withdrawal or compensating fee. Ar AUTH RED SIGNATURE FORM 03117 -OASIS (F.REV.072009) SURRENDER FOR PAYMENT DEPOSITOR MEMORANDUM April 27, 2010 TO: Maria Moms, City Clerk FROM: Ayako Rauterkus, Management Analyst SUBJECT: Payment Bond Certificate in lieu of Home Warranty Bond — Lot 1 thru 4, Tract 16748, Lot 1, 5 &6, Tract 16749, RSB Homes, Inc, DBA SeaCountry Homes SeaCountry Homes, builder of the homes on above mentioned lots have posted the Payment Bond Certificated in lieu of Home Warranty Bond required the City. The bond will in effect for three (3) years after issuance of certificate of occupancy. Please keep the attached original in your file. AR Attachments 0