Resolution Number 95-9-19-3013
RESOLUTIONNO.'
COMPLETION OF PRIVATE IMPROVEMENTS, RELEASE OF
BONDS,
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 PRIVATE STREET IMPROVEMENTS WITHIN TRACTS
12262 AND 12423 (CCL REALTY LTD)
WHEREAS, on February 16, 1988, the City of San Juan Capistrano entered into two
Improvement Agreements with Glenfed Development Corporation providing for the construction of
certain public and private improvements within Tracts 12262 and 12423; and,
WHEREAS, on April 20, 1993, the City Council of the City of San Juan Capistrano
approved the transfer and assignment of said Improvement Agreements from Glenfed Development
Corporation to CCL Realty Ltd.; and,
WHEREAS, CCL Realty Ltd. has requested that the City determine that the private
street improvement work within Tracts 12262 and 12423 is complete and that the remaining sureties
be released. These sureties are as follows:
SURETY NO. DESCRIPTION AMOUNT
134671 Time Certificate of Deposit for private $34,030
street improvements within Tract 12262
134674 Time Certificate of Deposit for private $27,150
street improvements within Tract 12423
NOW,' THEREFORE, BE IT RESOLVED, that the City Council of the City of San
Juan Capistrano does as follows:
SECTION 1. That the works of improvement required to be performed by said
developer have been completed.
SECTION 2. That the completed private work is approved.
SECTION 3. That the sureties described above may be fully released 35 days after
recording of a Notice of Completion.
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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 19th day of
September ,1995.
CAROLYN ASH, MAYOR
ATTEST:
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015
' 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.
95-9-19-3 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 19th day of September 1995, by the
following vote:
AYES: Council Members Jones, Hart, Campbell, Swerdlin and
Mayor Nash
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL) L
CHERYL JO SON, CITY CLERK
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