Resolution Number 99-6-1-1159
RESOLUTION NO. 99-6-1-1
COMPLETION OF IMPROVEMENTS AND RELEASE OF BONDS -
TRACT 13865 (SAN JUAN HILLS L.P.)
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
IMPROVEMENTS WORK WITHIN TRACT 13865 (SAN JUAN HILLS L.P.)
WHEREAS, on the 16th day of June, 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 13865; and,
WHEREAS, at their meeting of 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, at their meeting of April 2,1996, the City Council approved the transfer
of Assignment Agreement and Bond substitution from Glendale Federal Bank to San Juan Hills,
L.P.; and,
WHEREAS, SanJuanHills, L.P. has requested that the City determine that the street
improvement work and the street monumentations within Tract 13865 are complete and the
corresponding sureties be released accordingly. These sureties are as follows:
Surety Coverage
(Developers Insurance Co.)
Tyne of Improvement
Amount to
be Released
Bond No. 4158545
Public Street
$146,625.00
Bond No.415804S
Private Streets
$104,506.00
Bond No. 415805S
Monumentation
$21,000.00
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That the works of street improvement and monumentation required
to be performed by said Developer has been completed.
SECTION 2. That the completed work is hereby approved.
SECTION 3. That the sureties described above may be released 35 days after
recordation of the Notice of Completion.
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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
June , 1999.
JO GREINER, MAYOR
ATTEST:
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CITY 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.
99-6-1-1 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 1st day of June 1999, by the
following vote:
AYES: Council Members Jones, Swerdlin, Hart, Campbell
and Mayor Greiner
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL) ��s6
C RYL JO ON ITY CLERK
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