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Resolution Number 99-10-5-1RESOLUTION NO. 99-10-5-1 COMPLETION OF PUBLIC AND PRIVATE IMPROVEMENTS - TRACT 14398. SAN JUAN VILLAS 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 STREET IMPROVEMENTS AND APPURTENANT WORK WITHIN TRACT 14398, SAN JUAN VILLAS L.P. WHEREAS, on the 4th day of June, 1996, the City of San Juan Capistrano entered into a Subdivision Improvement Agreement with San Juan Villas L.P., providing for the construction of certain public and private improvements within Tract 14398; and, WHEREAS, San Juan Villas L.P. has requested that the City determine that the street improvement work the street monumentations within Tract 14398 are complete and that the following corresponding sureties may be released accordingly: Surety Coverage (American Motorists Ins.) Bond #3SM 885 637 00 Bond #3SM 887 012 00 Bond #3SM 887 013 00 Type of Current Amount to Improvement Amount be Released Street $150,000 $150,000 Irrigation $203,850 $203,850 Monumentation $12,000 $12,000 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 have been completed. Completion. SECTION 2. That the work is hereby accepted and approved. SECTION 3. That the sureties may be released 35 days after recordation of the Notice of -1- 389 390 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 5th day of October , 1999. GREINER, ATTEST: CITY CLE 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. 99-10-5-1 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the Sth day of October , 1999, by the following vote: AYES: Council Members Jones, {fart, Campbell and Mayor Greiner NOES: None ABSTAIN: None ABSENT: Council Member Swerdlin (SEAL) ����� �,- CHERYL J NS N, CITY CLERK -2-