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13-0221_CASTER SAN JUAN CAPISTRANO_Agenda Report_E9 SUAN 02117/20/5 #µ 37iu City of San Juan Capistrano Age TO: Karen P. Brust, City)daPpertblic FROM: Keith Van Der Maatenrks and Utilities-,Dire for Prepared by: Joe Mankawich, Associate Engin. er DATE: February 17, 2015 ` SUBJECT: Consideration of a Resolution for a Notice of Completion, Acceptance of Certain Work of Improvements and Release of Corresponding Sureties Pertaining to A-1 Self Storage - 33400 Valle Road (Caster Properties, Inc.) RECOMMENDATION: By motion, 1. Adopt a Resolution accepting the public street and storm drain improvements and the work of improvements for the onsite and offsite grading pertaining to A-1 Self Storage located at 33000 Valle Road; and, 2. Direct the City Clerk to process the recording of the Notice of Completion with the Orange County Recorder; and, 3. Authorize the City Clerk to release the corresponding bonds 35 days after the recordation of Notice of Completion. EXECUTIVE SUMMARY: Caster Properties, Inc., the owner of A-1 Self Storage located at 33000 Valle Road, has requested that the City release the street, storm drain, and onsite and offsite improvement bonds held by the City. These improvements have been inspected and satisfactorily completed. Staff recommends adoption of a resolution accepting the work as complete, the filing of a Notice of Completion and the release of the corresponding bonds. DISCUSSION/ANALYSIS: The applicant, Caster Properties, Inc., developer of City approved commercial development known as A-1 Self Storage, located at 33000 Valle Road, has completed City Council Agenda Report February 17, 2015 Page 2 of 2 the improvement work as required by the Conditions of Approval and the Grading Surety Agreements. The grading and improvement plans along with the Grading Surety Agreement, were approved by the City on May 22, 2013. The improvements were inspected on December 17, 2014, and were found to have been completed per City standards and to the satisfaction of the Public Works Department. Staff therefore recommends adoption of a Resolution accepting the work as complete and the recordation of a Notice of Completion for the project. With the completion of the improvements as noted in the summary above, the bond release is recommended as follows: SURETY COVERAGE (Suretec Insurance Company) Bond Number Type of Improvement Bond Amount Bond #0613748 Grading Performance $ 38,293.00 Bond #4385420 Onsite/Offsite Improvements $368,353.80 Bond #4390272 Grading over Storm Drain $ 52,000.00 Bond #4390271 Vista Marina Improvements $ 78,323.94 The City requires that the owner/developer provide a one-year warranty of this work. Caster Properties has supplied warranty bonds totaling $53,697.07 (10% of the original improvement costs) to cover the costs of any warranty issues over the next year. FISCAL IMPACT: Not applicable. ENVIRONMENTAL IMPACT: Not applicable. PRIOR CITY COUNCIL REVIEW: Not applicable. COMMISSION/COMMITTEE/BOARD REVIEW AND RECOMMENDATIONS: Not applicable. NOTIFICATION: Caster Properties, Inc. ATTACHMENT (S): Attachment 1 - Resolution Attachment 2 - Notice of Completion Attachment 3 - Location Map RESOLUTION NO. 15-02-17-XX 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 ON-SITE AND OFF-SITE IMPROVEMENTS ASSOCIATED WITH A-1 SELF STORAGE, 33000 VALLE ROAD (CASTER PROPERTIES, INC.). WHEREAS, on January 29, 2013, the City of San Juan Capistrano entered into a Grading Surety Agreement with the developer of the A-1 Self Storage facility located at 33000 Valle Road providing for the construction of certain onsite and oft-site improvements; and, WHEREAS, Caster Properties, Inc., the current developer of A-1 Self Storage has requested that the City determine that such certain on-site and off-site improvements are completed and the corresponding remaining surety bonds be released accordingly. The surety release is as follows: SURETY COVERAGE TYPE OF IMPROVEMENT REMAINING SURETECINSURANCE AMOUNT COMPANY TO BE RELEASED Bond # 0613748 Grading Performance $ 38,293.00 Bond # 4385420 Onsite/Offsite Improvements $ 368,353.80 Bond #4390272 Grading over Storm Drain $ 52,000.00 Bond #4390271 Vista Marina Improvements $ 78 323.94 NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That the improvement work required to be performed by said developer has been completed and approved. SECTION 2. That the completed work with a value of$536,970.74 is accepted. SECTION 3. That the sureties described in the chart above may be released accordingly- PASSED, APPROVED, AND ADOPTED this 17th day of February 2015. ATTEST: DEREK REEVE, MAYOR MARIA MORRIS, CITY CLERK ATTACHMENT 1 RECORDED AT REQUEST OF AND RETURN TO: City of San Juan Capistrano City Clerk's Office 32400 Paseo Adeianto San Juan Capistrano, CA 92657 RECORDING FEES EXEMPT DUE TO GOVERNMENT CODE SECTION 6103 Maria Morris, City Clerk San Juan Capistrano, CA NOTICE OF COMPLETION NOTICE IS HEREBY GIVEN that a Grading Surety Agreement was entered in to by the City of San Juan Capistrano and Caster Properties, Inc. for the construction of on-site and off-site improvements relating to the development of the A-1 Self Storage facility located at 33000 Valle Road, San Juan Capistrano That said work was completed on December 17, 2014, by said company according to plans and specifications and to the satisfaction of the City Engineer of the City of San Juan Capistrano, and that said work was accepted by the City Council of the City of San Juan Capistrano, as the owner, 32400 Paseo Adelanto, San Juan Capistrano, California 92675, at a regular meeting thereof held on the 17th day of February 2015 by Resolution No. 15-02-17-xx. That upon said contract, Suretec Insurance Company was surety for the bonds given by the said company as required by law. Dated at San Juan Capistrano, California, this 17th day of February 2015. Maria Morris, City Clerk City of San Juan Capistrano STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) 1, MARIA MORRIS, the duly appointed and qualified City Clerk of the City Council of the City of San Juan Capistrano, California, DO HEREBY CERTIFY, under penalty of perjury that 1) 1 have read the foregoing document and know the contents thereof, and the facts therein state are true of my own knowledge; 2) I declare the forgoing is true and correct; and 3) the foregoing Notice of Completion was duly and regularly ordered to be recorded in the Office of the Orange County Recorder by said City Clerk. Dated at San Juan Capistrano, California, this 17th day of February 2015. Maria Morris, City Clerk City of San Juan Capistrano ATTACHMENT 2 j` O�X,` Q.NTO o s pk PASEO T05CANAu FL R 1 , GAM DEL AVlON S A-1 SELF STORAGE Q� � 33000 VALLE R® VISTA MARK.... \ P ppb. .. ,. j ,AVE/V OGAift��. )P AEROA�q pP' yl m Legen a d`}�} m= Interstate z n ArterW Street )� ---� Minor Street j9i:!.,I City Boundary 7 0 2174 400 800 Q 1 Feet p }1 I! GSC � / !� ��� � �3 • courarvoR ORANGE f// y S k; V "z LAGUNA yq r. 70 s r SAN JUAN cAPrsrRANo .�. EMg4, O AR ppSsE��s aRa A9 J QI LguF DANA 1:.: C P�LAS l: SAN CLEMENTE A-1 SELF z"hiT0URAGw"'E VICINITY MAP a ATTACHMENT 3