Resolution Number 92-9-15-2RESOLUTION NO. 92-9-15-2
IMPROVEMENTS AND RELEASE OF BOND -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, DECLARING WORK TO BE
COMPLETED AS TO PLANS AND SPECIFICATIONS FOR THE
CONSTRUCTION OF A RIGHT -TURN DECELERATION LANE AS
REQUIRED BY APPROVAL OF PARCEL MAP 85-328 (GRESHAM)
AND AS CONSTRUCTED WITH THE DEVELOPMENT OF
ARCHITECTURAL CONTROL 89-2 (CAPISTRANO COLLECTION(
COASTSIDE FINANCIAL)
WHEREAS, on the 7th day of February, 1989, the City of San Juan Capistrano
has entered into an Improvement Agreement with Richard and Martha Gresham, 18
Terraza del Mar, Dana Point, California, 92629, for the installation of a right -turn
deceleration lane to serve Parcels 1 and 2 of Parcel Map 85-328; and,
WHEREAS, Parcel 2 was subsequently sold to Coastside Financial Corporation,
developers of Architectural Control 89-2, Capistrano Collection, which included
installation of the subject street improvement; and,
WHEREAS, Coastside Financial has requested acceptance of said street
improvements.
NOW, THEREFORE, the City Council of the City of San Juan Capistrano, does
resolve as follows:
SECTION 1. That the work required to be performed by said developer has
been completed.
SECTION 2. That the work is hereby accepted and approved and the
Faithful Performance and Labor and Material bonds numbered 2046615, in the amount of
$45,744, submitted as surety for installation of said public improvement, may be released
35 days after recording of a Notice of Completion.
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 15th day
Of September , 1992.
GIL JONES-,M%,Y
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
1, 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. 92-9-15-2 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the 15th day
ofGantPmh r , 1992, by the following vote:
AYES: Councilmen Friess, Hausdorfer, Harris, Vasquez and
Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL) iYCC/U/M (Y�i�
CHERYL JOUNSQN, CITY CLERK
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