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At the City Council meeting on June 7, 2011, the City has rescinded the program and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
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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
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