Resolution Number 99-11-2-1443
RESOLUTION NO. 99-11-2-1
COMPLETION OF IMPROVEMENTS AND RELEASE OF BONDS -
TRACT 13437 (TAYLOR WOODROW HOMES, INC.)
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 13437 (TAYLOR WOODROW HOMES, INC.)
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 13437; 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 March 5, 1996, the City Council approved Resolution
No. 96-3-5-2, which authorized the transfer of Assignment Agreement and Bond Substitution from
Glendale Federal Bank to Taylor Woodrow Homes; and,
WHEREAS, Taylor Woodrow Homes has requested that the City determine that the
storm drain, sewer, street improvement and street monumentations work within Tract 13437 are
complete and has requested that the following sureties be released accordingly:
Surety Coverage
American Insurance Co.
Type of Improvement
Amount to be
Released
Bond #11133221744
Via Entrada Street
$150,000.00
Bond #11133227151
Private Streets
$892,440.00
Bond #11141572633
Monumentation
$9,250.00
Bond #11133221777
Storm Drain
$689,546.00
Bond #11133221769
Sewer
$238,778.00
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan
Capistrano as follows:
SECTION 1. That the storm drain, sewer, street improvement and street
monumentation work required to be performed by said Developer has been completed.
SECTION 2. That the work is hereby accepted and approved.
SECTION 3. That the sureties described in the chart above may be released 35
days after recordation of the Notice of Completion.
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s
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
November '1999.
ATTEST:
CITY CLELER
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
2nd
GREINER, MAYOR
day of
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.
99-11-2-1 adopted by the City Council of the City of San Juan Capistrano,
California, at a regular meeting thereof held on the 2nd day of November
1999, by the following vote:
AYES: Council Members Jones, Swerdlin, Hart, Campbell
and Mayor Greiner
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JO SOI , CITY CLERK
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