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Resolution Number 91-7-2-1RESOLUTION NO. 91-7-2-1 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 CONSTRUCTION OF PUBLIC STREETS, SEWER AND STORM DRAINS AND PRIVATE STREETS - TRACTS 12735, 12825, 12826, 12828 AND 12831 (GLENFED DEVELOPMENT) WHEREAS, the City of San Juan Capistrano has entered into Improvement Agreements with GlenFed Development, 20 Montera Drive, Aliso Viejo, California 92656, for the construction of public and private improvements in Tracts 12735, 12825, 12826, 12828 and 12831; and, WHEREAS, the Director of Engineering and Building has found the public and private improvements to be in compliance with the plans and specifications of the above tracts and in compliance with City specifications and special conditions and therefore recommends approval. 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 subdivider has been completed on the above-named tracts. SECTION 2. That the work is hereby accepted and approved. SECTION 3. That the sureties as outlined on Exhibit "A," attached hereto, may be released 35 days after recordation of a Notice of Completion. 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 2nd day Of July , 1991. KENNETH E. F IESS, MAYOR i CF ILZ :L i 250 ATE 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. 91-7-2-1 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 2nd day of July , 1991, by the following vote: AYES: Councilmen Jones, Hausdorfer, Buchheim, Vasquez and Mayor Friess NOES: None ABSTAIN: None ABSENT: None (SEAL) 24-424Z4�. CHERYL JMN50N, CITY CLERK -2- BOND COVERAGE Public Performance Labor and Material Monumentation Performance (Private Street) Perform Public Street Labor and Material Monumentation Performance (Private Street) Perform Public Street Labor and Material Monumentation Perform Private Street Perform Public Street Labor and Material Monumentation Perform Private Street Perform Public Street Labor and Material Monumentation Total EXHIBIT "A" TRACT 12735 12825 12826 12828 12831 All bonds written by Fidelity and Deposit Co. of Maryland. EXISTING AMOUNT COMPLETION 199,280. 100% 199,280. " 2,500. " 156,946. 100% 104,262. " 104,262. " 3,048. " 42,587. 100% 174,996. " 174,996. " 805. " 149,028. 100% 264,434. " 264,434. " 3,276. " 107,207. 100% 110,120. it 110,120. " 978. " $2,172,559. 100%