Resolution Number 91-9-3-2349..
RESOLUTION NO. 91-9-3-2
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 EQUESTRIAN TRAILS AND PRIVATE STREET
IMPROVEMENTS - TRACT 12954 (MARBELLA DEVELOPMENT
COMPANY)
WHEREAS, the City of San Juan Capistrano entered into an Improvement
Agreement with Marbella Development Co., 27462 Calle Arroyo, Suite "A", San Juan
Capistrano, California 92675, for the construction of equestrian trails and private street
improvements in Tract 12954; and,
WHEREAS, the Director of Engineering and Building has found the equestrian
trails and private street improvements to be in compliance with the plans and
specifications of the above tract, and to be in compliance with City specifications and
special conditions and therefore recommends exoneration of bonds per Exhibit "A".
NOW, THEREFORE, BE IT RESOLVED, that 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 on Exhibit "A" attached hereto,
may be released and reduced 35 days after recordation of Notice of Completion.
SECTION 4. The City Clerk is directed to forthwith file a "Notice of
Completion" with the County Recorder of the County of Orange.
PASSED, APPROVED, AND ADOPTED this 3rd day of September ,
1991.
KENNETH E. FRI SS, MAY
ATTEST:
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350
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. 91-9-3-2 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the 3rd day
Of September , 1991, by the following vote:
AYES: Councilmen Jones, Hausdorfer, Vasquez and
Mayor Friess
NOES: None
ABSTAIN: None
ABSENT: Councilman Buchheim
(SEAL)
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351"'
EXHIBIT "A"
RELEASE AND REDUCE
THE FOLLOWING BONDS
BOND #
DESCRIPTION
ORIG AMT
REDUCED AMT
RELEASE AMT
NA 100647
Equestrian Fencing
$95,000.00
$5,000.00
$5,000.00
NA 100648
Private Street
$721,011.00
$45,000.00
$35,000.00
Improvement (Reduce to
a $10,000 Bond for minor
items completion prior
to release)
NA 100652
Private Street
$217,577,00
$309000.00
$30,000.00
Improvement
NA 100656
Private Street
$169,889.00
$25,000.00
$25,000.00
Improvement
NA 100659
Private Street
$526,523.00
$50,000.00
$50,000,00
Improvement