Resolution Number CVWD 99-11-2-2' RESOLUTION NO. CVWD 99-11-2-2
ACCEPTANCE OF WATER FACILITIES AND RELEASE OF BOND -
TRACT 13437 (TAYLOR WOODROW HOMES, INC.1
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO
VALLEY WATER DISTRICT, ACCEPTING PUBLIC WATER FACILITIES
AND AUTHORIZING THE RELEASE OF CORRESPONDING WATER
BONDS - TRACT 13437 (TAYLOR WOODROW HOMES, INC.)
WHEREAS, on July 3,1990, the Capistrano Valley Water District entered into
an Agreement for Construction of Water Facilities with the Lusk Company, which provided
for the construction of certain public water improvements within Tract 13437; and,
WHEREAS, at their meeting of October 3, 1995, the Board of Directors
approved the transfer of Assignment Agreement and Bond substitution from the Lusk
Company to Glendale Federal Bank; and,
WHEREAS, at their meeting of March 5, 1996, the Board of Directors
approved the transfer of Assignment Agreement and Bond substitution from Glendale
Federal Bank to Taylor Woodrow Homes, Inc.; and,
' WHEREAS, the public water improvements were constructed in compliance
with District standards and specifications and are ready for District acceptance; and,
WHEREAS, Taylor Woodrow Homes, Inc., has requested that the Capistrano
Valley Water District determine that the public water improvements within Tract 13437 are
completed and the corresponding surety in the amount of $489,000, may be released
accordingly
NOW, THEREFORE, BE IT RESOLVED, by the Capistrano Valley Water
District Board of Directors, as follows:
SECTION 1.
That the public water improvements required to be performed by said
Developer have been completed.
Inc.
SECTION 2.
That the completed work is hereby accepted from Taylor Woodrow Homes,
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133
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SECTION 3.
That Bond No. 3SM 806 247 00 in the amount of $489,000 from The
American Insurance Company may be fully released 35 days after recording of a Notice
of Completion.
SECTION 4.
That the Chairman and Clerk of the Board are hereby authorized to execute
this Resolution.
SECTION 5.
That the Clerk of the Board is hereby directed to forthwith forward a Notice
of Completion to the Orange county Recorder's Office for recordation.
November
ATTEST:
PASSED, APPROVED, AND ADOPTED this 2nd day of
. 1999. 1---)
CLERK OF E ARD
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L
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, Clerk of the Board of the Capistrano Valley Water
District, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution
No. CVWD 99-11-2-2 adopted bythe Capistrano Valley Water District Board
of Directors at a regular meeting thereof held on the Ind day of
November , 1999, by the following vote:
AYES: Directors Swerdlin, Greiner, Hart, Campbell
and Chairman Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
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CHERYL JaHMON, CLERK OF THE BOARD
M
135
136
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, declare as follows:
That I am the duly appointed and qualified Clerk of the Capistrano Valley
Water District;
That in compliance with State iaws of the State of California and in further
compliance with District Resolution No. 99-1-5-1, on the 4th day of
November , 1999, 1 caused to be posted:
RESOLUTION NO. CVWD 99-11-2-2 , being
ACCEPTANCE OF WATER FACILITIES AND RELEASE OF BOND -
TRACT 13437 (TAYLOR WOODROW HOMES, INC.)
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO
VALLEY WATER DISTRICT, ACCEPTING PUBLIC WATER FACILITIES
AND AUTHORIZING THE RELEASE OF CORRESPONDING WATER
BONDS - TRACT 13437 (TAYLOR WOODROW HOMES, INC.)
in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Community
Center Reception area, Orange County Public Library.
CHECK LIST
RES. NO.-eR7eC�uwa 99_/x'2' Z -
Chairman has signed
Secretary has signed
—7— Agency Seal stamped
L All blanks typed in
"Absent"
"Noes"
"Abstain"
Copies sent to post
file ,&60.-/0
mailY certified
d �
Legal Publication ordered to be 1puv�1bllisshhhe-d--
(date)
No. Printed copies required
Remarks
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CHERYL JORNSON,
CLERK OF THE BOARD