Resolution Number 15-06-02-07 RESOLUTION NO. 15-06-02-07
i
j 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 CERTAIN OFF-SITE IMPROVEMENTS ASSOCIATED
WITH THE SUNCAL PROJECT (LV PACIFIC POINT LLC)
WHEREAS, SJD PARTNERS, LTD., a California limited partnership ("Former
Subdivider") was required to construct certain off-site Works of Improvement related to the
Suncal Project such as sewer, storm drain, street, and water associated with the Vested
Tentative Tract Maps 14196 and 15609; and,
WHEREAS, In April 2012, LV Pacific Point LLC ("Former Owner") gained control of the
416 lot 257-acre Pacifica San Juan/Point Residential Property Development ("Pacifica San Juan
Project," formerly known as the "Suncal Project") associated with Vested Tentative Tract Maps
14196 and 15609 from Former Subdivider through bankruptcy proceedings; and,
WHEREAS, the Former Owner was assigned and assumed the responsibility to perform
that certain off-site improvement work thereon as hereinafter set forth and as identified within
the approved improvement plans and specifications; and,
WHEREAS, the Former Owner has requested that the City determine that such certain
off-site improvement work are completed and the corresponding remaining surety bonds be
released accordingly. The surety release is as follows:
U
SURETY TYPE OF IMPROVEMENT REMAINING
INSURANCE COMPANY AMOUNT
BOND TYPE/NUMBER TO BE RELEASED
Off-Site Improvements
ARCH - PERFORMANCE WATER IMPROVEMENTS VALLE $33,795
AND LABOR AND ROAD
MATERIALS
SU5002773
ARCH - PERFORMANCE STORM DRAIN & TRAFFIC $910,607
AND LABOR AND CONTROL
MATERIALS
SU5005286
ARCH - PERFORMANCE SEWER RELOCATION THRU $34,686
AND LABOR AND CALTRANS YARD
MATERIALS
SU5005288
ARCH - PERFORMANCE SEWER, STREET, AND TRAFFIC $306,796
AND LABOR AND CONTROL
MATERIALS
SU5005289
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SURETY TYPE OF IMPROVEMENT REMAINING
INSURANCE COMPANY AMOUNT,
BOND TYPE/NUMBER TO BE RELEASED
ARCH - PERFORMANCE STORM DRAIN (VALLE ROAD N.) $142,650
AND LABOR AND
MATERIALS
SU5005292
TOTAL BOND RELEASE AMOUNT $1,428,534
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan
Capistrano as follows:
SECTION 1. That the off-site improvement work required to be performed by said Former
Owner has been completed and approved.
SECTION 2. That the completed work with a value of$1,428,534 is accepted.
SECTION 3. That the sureties described in the chart above may be released and exonerated
acco�rldingly.
Ate'1 ASSED�APPROVED, AND ADV this of June 2015. ^
iDEREK REEVE, MAYOR
MA RRIS, "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. 15-06-02-07 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 2nd
day of June 2015, by the following vote:
AYEST COUNCIL MEMBERS: Allevato, Perry, Ferguson, Patterson and Mayor Reeve
NOE :, COUNCIL MEMBER: None
ABS COUQJCILMEMBER: None
MA . I RRIS, Ci le '
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