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Resolution Number 00-9-19-1It Me RESOLUTION NO. 00-9-19—.1 COMPLETION OF IMPROVEMENTS AND RELEASE OF CORRESPONDING BONDS TRACT 15301, PARKSIDE PLACE (CITATION HOMES/TAVA THOMPSON LLQ 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 IMPROVEMENTS WITHIN TRACT 15301, PARKSIDE PLACE (CITATION HOMESITAVA THOMPSON LLC) WHEREAS, on the 21st day of October, 1997, the City of San Juan Capistrano entered into a Subdivision Improvement Agreement with Tava Thompson, LLC. (Developer), 19700 Fairchild Road, Suite 170, Irvine, California, providing for the construction of certain public and private improvements within Tract 15301; and, WHEREAS, Citation Homes (Builder), on behalf of Tava Thompson, LLC. has requested that the City determines that the street, storm drain, sewer, landscape and irrigation improvement work, as well as the Street Monumentations within Tract 15301 are complete and the following corresponding sureties may be released accordingly: Surety Coverage (American Motorist Ins. Co.) Bond No. 3SM 910 016 00 Bond No. 3SM 910 015 00 Bond No. 3SM 910 014 00 Bond No. 3SM 910 017 00 Bond No. 3SM 910 018 00 Type of Improvement Amount Street $177,291 Storm drain $ 47,009 Sewer $ 75,368 Landscape & Irrigation $ 21,970 Monumentation $ 4,200 NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That the work of improvements and monumentation required to be performed by said Developer has been completed. SECTION 2. That the work is hereby accepted and approved. SECTION 3. That the following sureties may be released 35 days after recordation of the Notice of Completion. n 070 SECTION 4. That 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 September , 2000. ATTEST: 19th OLLEN MPBEL , MAYOR r I" FAX017-1 ME OEM! i STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) day of 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. 00-9-19-1 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 19th day of September ._, 2000, by the following vote: AYES: Council Members Bathgate, Greiner, Hart, Swerdlin and Mayor Campbell NOES: None ABSTAIN: None ABSENT: None (SEAL) FROYMIN911 I , No 0/aNYWR I -2-