Resolution Number 08-10-21-02RESOLUTION NO. 08-10-21-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DETERMINING COMPLETION OF WORK IN
ACCORDANCE WITH APPROVED PLANS AND SPECIFICATIONS FOR
THE CONSTRUCTION OF IMPROVEMENTS WORK WITHIN TRACT
16221, RANCHO MADRINA (WILLIAM LYON HOMES, INC.)
WHEREAS, on October 5, 2004, the City of San Juan Capistrano entered into a
Subdivision Improvement Agreementwith WILLIAM LYON HOMES, INC, providing
for the construction of certain public and private improvements within Tract 16221;
and,
WHEREAS, WILLIAM LYON HOMES, INC, has requested that the City determines
that the street and traffic signal, storm drain, sewer, water, landscape and irrigation
improvement work, within Tract 16221 are complete and the corresponding sureties
be released accordingly. These sureties release are as follows:
SURETY COVERAGE
TYPE OF
ORIGINAL AMOUNT
( Arch Insurance Company)
IMPROVEMENT
TO BE RELEASED
Bond # SU5006854
Streets
$1,268,250
Bond # SU5006855
Storm drain
$820,780
Bond # SU5006853 Sewer $354,000
Bond.4 SU5010562Landscape &.1 . .. . ........ ........... :..� —:.:::$2'1.88.'700
Bond # SU5010559 Monumentation $83,000
Bond # SU5006212 Water (main bypass) $23,991
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That the works of improvement and monumentation required to be
performed by said developer have been completed.
SECTION 2. That the completed work is approved.
SECTION 3. That the surety described in chart above maybe fully released 35 days after
recording of a Notice of Completion provided that no stop notices or full releases have
been filed.
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 21 st day of October, 2008.
( : n�
JOE S TO, MA OR
MARGARET R. MONAHAN, CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 08-10-21-02 was duly adopted by the City Council of the
City of San Juan Capistrano at a Regular meeting thereof, held the 21't day of October 2008, by the
following vote:
AYES: COUNCIL MEMBERS: Hribar, Uso, Nielsen and Mayor Soto
NOES: COUNCIL. MEMBER: H0) Ie -
ABSTAINED: COUNCIL MEMBER: Allevato
R. MONAHAN, City Clerk