Resolution Number 98-4-7-1RESOLUTION NO. 98-4-7-1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DETERMINING COMPLETION AND
ACCEPTANCE OF WORK IN ACCORDANCE WITH APPROVED PLANS AND
SPECIFICATIONS FOR THE CONSTRUCTION OF A SECTION OF STREET
AND SEWER IMPROVEMENTS ALONG CAMINO CAPISTRANO AND
RELEASE OF SURETIES - ARCHITECTURAL CONTROL 93-6 (TOYOTA
MOTOR SALES)
WHEREAS, on the 16th day of April, 1996, the City of San Juan Capistrano
approved the partial assignment of a previously -executed Subdivision Improvement Agreement to
Toyota Motor Sales, U.S.A., Inc., providing for the construction of certain public improvements
along a section of Camino Capistrano; and,
WHEREAS, Toyota Motor Sales, U. S.A., Inc., has requested that the City determine
that the public street and sewer improvements are complete and the two corresponding Irrevocable
Letters of Credit issued by Bank of America No. LASB-228173 for statutory performance, and No.
LASB-228174 for labor and materials for an amount of $275,040 each be released.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1.
That the work of street and sewer improvement required to be performed by said
developer has been completed.
of Completion.
SECTION 2.
That the completed improvements are approved and accepted.
SECTION 3.
That the surety described above may be fully released 35 days after recording a Notice
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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 7th day of
1998.
JONES, MAYOR
ATTEST:
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.
49-4-7-1 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 7th day of April 1998, by the
following vote:
AYES: Council Members Swerdlin, Hart, Campbell
and Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: Council Member Greiner
(SEAL)
L
HERYL JOMNSON, CITY CLERK
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