Resolution Number 05-05-17-01RESOLUTION NO. 05-05-17-01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DETERMINING COMPLETION OF WORK
IN ACCORDANCE WITH APPROVED PLANS AND SPECIFICATIONS
FOR THE CONSTRUCTION OF CERTAIN IMPROVEMENTS WITHIN
TRACT 15701, STONEFIELD'S COBBLESTONE COLLECTION, L.L.C.
WHEREAS, on June 4, 2002, the City of San Juan Capistrano entered into a
Subdivision Improvement Agreement with Stonefield's Cobblestone Collection, L.L.C.
(Developer), providing for the construction of certain public and private improvements
within Tract 15701, Stonefield Cobblestone.
WHEREAS, Developer has requested that the City determines that the street,
underground utilities, storm drain, water, sewer, landscape and irrigation improvement
work, as well as the street monumentation within Tract 15701 are complete and the
corresponding sureties be released accordingly. These sureties release are as follows:
SURETY COVERAGE
(Golf Insurance Group)
TYPE OF
IMPROVEMENT
ORIGINAL. AMOUNT
TO BE RELEASED
Bond # B32644329
Water
$ 55,230
Bond # B32644330
Landscape & Irrigation
$419,083
Bond # BE2634276
Streets & Storm Drain
$ 76,934
Bond # BE2634277
Sewer
$ 38,126
Bond # BE2634278
Monumentation
$ 5,000
Bond # B32644320
Undergrounding Conversion
$173,000
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That the works of improvement and monumentation required to be
performed by said developer have been completed.
SECTION 2. That the completed work is approved.
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SECTION 3. That the sureties described in above chart may be fully released 35
days after recording of a Notice of Completion.
SECTION 4. That the City Clerk is directed to forward forthwith a Notice of
Completion to the County Recorder of the County of Orange for recording.
PASSED, APPROVED, AND ADOPTED this 17th day of May, 2005.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 05-05-17-01 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 17th day of
May 2005, by the following vote
AYES: COUNCIL MEMBERS: Allevato, Bathgate, Soto, Swerdlin, & Mayor Hart
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
R. MONAHAN, City Clerk
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