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Resolution Number 93-2-16-2r� RESOLUTION NO. 93-2-16-2 A RESOLUTION OF THE CITY OF COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, DECLARING WORK TO BE COMPLETED AS TO PLANS AND SPECIFICATIONS FOR THE SURVEY MONUMENTATION FOR TRACT 13025 (DIVIDEND DEVELOPMENT/REMINGTONPROPERTIES) WHEREAS, on the 7th day of July, 1987, the City of San Juan Capistrano has entered into a Subdivision Improvement Agreement with Dividend Development, 3600 Pruneridge Avenue, Santa Clara, California 95051, for the construction of sewer, storm drain and street improvements, including monumentation, for Tract 13025; and, WHEREAS, Dividend Development has since transferred ownership and development improvement obligations of the above -referenced tract to the Remington Properties Inc.; and, WHEREAS, Remington Properties, Inc., has requested that the City accept the work of completed street monumentation for Tract 13025 and the corresponding Bond No. 9440125, posted by Dividend Development in the amount of $7,000 and held by the City, be released; and., WHEREAS, the Director of Engineering and Building has found the street monumentation to be in compliance with the plans and specifications, and the Director also finds said improvements to be in compliance with City specifications and therefore, recommends approval. NOW, THEREFORE, the City Council of the City of San Juan Capistrano, does resolve as follows: SECTION 1. That the street monumentation work required to be performed by said subdivider has been completed. SECTION 2. That the street monumentation is hereby accepted and approved. SECTION 3. That Bond No. 9440125 in the amount of $7,000, held for street monumentation, may be released 35 days after recordation of a Notice of Completion. -1- ! .1 SECTION 3. 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 16th day of February 1991 IL S, MAYOR ATTEST: L11��=�./.��� 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. adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 16th day of February , 1993,by the following vote: AYES: Council Members Nash, Hausdorfer, Campbell, Vasquez and Mayor Jones NOES: None ABSTAIN: None ABSENT: None (SEAL) CHERYL JOH ITY CLERK -2-