Resolution Number 92-9-15-3201
RESOLUTION NO. 92-9-15-3
ACCEPTANCE
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
INSTALLATION OF PUBLIC STREET IMPROVEMENTS AND
TRAFFIC SIGNAL AT RANCHO VIEJO ROAD AND GOLF CLUB
DRIVE AND RELEASE OF SURETIES - TRACT 12954 (MARBELLA
DEVELOPMENT COMPANY/FAIRWAY PROPERTIES COMPANY)
WHEREAS, on the 15th day of September, 1987, the City of San Juan
Capistrano entered into a Subdivision Improvement Agreement with Marbella
Development Company (now known as Fairway Properties Company) 27462 Calle Arroyo
Suite A, San Juan Capistrano, CA 92675, which, among other requirements, included
installation of a left -turn lane and traffic signal at the intersection of Rancho Viejo Road
and Golf Club Drive; and,
WHEREAS, the Director of Engineering and Building has found the public
improvements to be in compliance with the plans and specifications for Tract 12954 and
therefore, recommends exoneration of the following sureties 35 days after filing Notice
of Completion:
Bond No. Description Amount
NA 100645 Public Street/Labor and Material $205,000
NA 100645 Public Street/Performance $205,000
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.
SECTION 3. That the sureties, as outlined above, may be released 35 days
after recording the Notice of Completion.
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SECTION 4. 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
of ,S'ptemT her , 1992.
_y -
IL JONES, -MAYOR
ATTEST:
mum I
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
15th
day
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. 92-9-15-3 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the ISth day
of September , 1992, by the following vote:
AYES: Councilmen Friess, Hausdorfer, Harris, Vasquez and
Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JOH O ITY CLERK
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