Resolution Number 96-9-17-3267
RESOLUTION NO. 96-9-17-3
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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 STORM DRAIN AND SEWER IMPROVEMENTS AND
PARTIAL COMPLETION OF STREET "ROVEMENT WORK WITHIN
TRACT 14398, SAN JUAN VILLAS L.P.
WHEREAS, on June 4, 1996, the City of San Juan Capistrano entered into a
Subdivision Improvement Agreement with San Juan Villas, L.P., c/o Concorde Development, 19752
MacArthur Boulevard, Suite 240, Irvine, California 92715, 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 within Tract 14398 is approximately 80% complete and reduce the
corresponding surety accordingly; and, that the storm drain and sewer improvement be declared
complete and the appropriate sureties be released, as follows:
Surety Coverage
Type of
Original
Amount to be
American Motorists Ins.
Improvement
Amount
Kept With Cit
Bond #3SM 885 637 00
Street
$503,104.00
$150,000.00
Bond 43SM 885 639 00
Stan: Drain
$283,224.00
* $_0_
Bond 93SM 885 636 00
Sewer
$236,756.00
* $_0_
*A one-year Warranty Bond of 25% of original bond amount has been posted with
the City Engineer to insure the accepted works of improvement and material against
any defect.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
That the works of street improvement required to be performed by said developer has
been partially completed.
' That the works of storm drain and sewer improvements required to be performed by
said developer has been completed.
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SECTION 3.
That the completed work is approved.
That the surety described in the chart above may be reduced accordingly.
SECTION 5.
That the surety described in the chart above may be fully released 35 days after
recording of a Notice of Completion.
SECTION 6.
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
September 1996.
ATTEST:
CITY CLERK
17th
( JIM Dail lit �tJl 3'
WYATT T, YOR
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day of
269
' 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.
96-9-17-3 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 17th day of September , 1996, by the
following vote:
AYES: Council Members Jones, Nash, Swerdlin, Campbell and
Mayor Hart
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JOHNS6R,C CLERK
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