13-0221_CASTER SAN JUAN CAPISTRANO_Resolution 15-02-17-01RESOLUTION NO. 15-02-17-01
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 off-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
SURETECINSURANCE
COMPANY
TYPE OF IMPROVEMENT REMAINING
AMOUNT
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
accord ingly^A
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 15-02-17-01 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 17*^
day of February 2015, by the following vote:
AYES/^pUNC/L MEMBERS: Allevato, Ferguson, Perry, Patterson and Mayor Reeve
NOES. C0UNCIL MEMBER: None
ABSENli/^,|lNCIL MEMBER: None
MARI;