Resolution Number 00-2-1-5137
RESOLUTION NO. 00-2-1-5
COMPLETION OF IMPROVEMENTS AND RELEASE OF BONDS -
TRACT 13866 (TAYLOR WOODROW HOMES CALIFORNIA. LTD.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DECLARING WORK TO BE COMPLETED
AS TO PLANS AND SPECIFICATIONS FOR THE CONSTRUCTION OF
WORKS OF IMPROVEMENT WITHIN TRACT 13866 (TAYLOR
WOODROW HOMES CALIFORNIA, LTD.)
WHEREAS, on the 16th day of July, 1991, the City of San Juan Capistrano
entered into an Improvement Agreement with the Lusk Company for the construction of
certain public and private improvements within Tract 13866; and,
WHEREAS, on June 5, 1995, the City Council approved the transfer of
Assignment Agreement and Bond Substitution from the Lusk Company to Glendale
Federal Bank; and,
WHEREAS, on March 5, 1996, the City Council approved the transfer of
Assignment Agreement and Bond Substitution from Glendale Federal Bank to Taylor
Woodrow Homes California Ltd.; and,
WHEREAS, Woodrow Homes California Ltd., has requested that the City
determine that the storm drain, sewer, street improvement and the street monumentations
within Tract 13866 are complete and the following corresponding sureties be released
accordingly:
Surety Coverage
Amount to
(American Insurance Co.)
Tvoe of Improvement be Released
Bond #11133221702
Via Entrada, Private Street $370,000
Bond #11133221686
Interior Private Streets $936,363
Bond #11141572625
Monumentation $13,000
Bond #11133221710
Storm drain $724,704
Bond #11133221694
Sewer $225,984
NOW, THEREFORE,
BE IT RESOLVED, by the City Council of the City of
San Juan Capistrano as follows:
SECTION 1. That the storm drain and sewer improvements, as well as the
_
street improvement and monumentation work, required to be performed by said Developer,
have been completed.
138
SECTION 2. That the work is hereby approved.
SECTION 3. That the sureties may be released 35 days after recordation of
the Notice of Completion.
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.
PASSED, APPROVED, AND ADOPTED this 1st day of
February 12000.
• w.ITi1�Trlt� •2T:R
ATTEST:
CIYY CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, City Clerk of the City of San Juan Capistrano,
California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of
Resolution No. oo-z-i-s adopted by the City Council of the City of San
Juan Capistrano, California, at a regular meeting thereof held on the ist day of
February , 2000, by the following vote:
AYES: Council Members Greiner, Hart, Swerdlin and
Mayor Campbell
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JOHNSON, CITY CLERK
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