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Resolution Number 14-07-15-02 RESOLUTION NO. 14-07-15-02 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 STREET AND WATER IMPROVEMENTS IN VISTA MONTANA ASSOCIATED WITH TRACT 16634, (RANCHO SAN JUAN DEVELOPMENT, LLC.) WHEREAS, on July 3, 2006, the City of San Juan Capistrano entered into a Subdivision Improvement Agreement with the developer of Tract 16634 providing for the construction of certain street and water improvements in Vista Montana within Tract 16634; and, WHEREAS, Rancho San Juan Development, LLC., the current developer of Tract 16634 has requested, and the City Engineer has determined, that the improvements were completed on September 15, 2009 and the corresponding remaining surety be released accordingly. The surety release is as follows: SURETY COVERAGE TYPE OF REMAINING (ARCHINSURANCE IMPROVEMENT AMOUNT COMPANY) TO BE RELEASED Bond # SU5018271 Vista Montana Street $125,000 Bond # SU5019293 Vista Montana Water $25,000 NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That the street and water improvement work on Vista Montana within Tract 16634, required to be performed by said developer has been completed and approved. SECTION 2. That the completed improvements are accepted, and the City Council has approved a Notice of Completion for the work. SECTION 3. That the sureties described in the chart above may be released accordingly. , P SSED, APPROVED, AND ADOPTED this151 day of July 2014, ATTE II AM ALLEVATO, MAYOR �. MARIA DRIS, Cl CL RK 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. 14-07-15-02 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 15'" day of July 2014, by the following vote: AYES: COUNCIL MEMBERS: Byrnes, Reeve, Taylor, Kramer and Mayor Allevato NOE§ OUNCIL MEMBERS: None ABSENT: OUNCIL MFMBERS: None MARIA MORRIS, City Clerk