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Resolution Number 04-05-04-01RESOLUTION NO. 04-05-04-01 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 IMPROVEMENTS WORK WITHIN TRACT 15771, SUMMERWALK, PH -SJ, LLC., (THE OLSON COMPANY). WHEREAS, on April 18, 2000, the City of San Juan Capistrano entered into a Subdivision Improvement Agreement with PH -SJ, LLC, providing for the construction of certain public and private improvements within Tract 15771; and, WHEREAS, PH -SJ, LLC, has requested that the City determines that the street storm drain, sewer, water, landscape and irrigation improvement work, within Tract 15771 are complete and the corresponding sureties be released accordingly. These sureties release are as follows: NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That the works of improvement.and monumentation required to be performed by said developer have been completed. SECTION 2. That the completed work is approved, SECTION 3. That the surety described in chart above may be fully released 35 days after recording of a Notice of Completion. 1 05-04-2004 SECTION 4. That the City Clerk is directed to forthwith forward a "Notice of Completion" to the County Recorder of the County of Orange for recording. STATE OF CALIFORNIA COUNTY OF ORANGE )ss. CITY OF SAN JUAN CAPISTRANO 1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 04-05-04-01 was duly adopted by the City Council of the City of San Juan Capistrano at a regular meeting thereof, held the 4 th day of May 2004, by the following vote: AYES: COUNCIL MEMBERS: Allevato, Bathgate, Swerdlin, Hart and Mayor Soto NOES: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None R. MONAHAN, City Clerk 2 05-04-2004