Resolution Number 15-06-02-08 RESOLUTION NO. 15-06-02-08
LA 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 ON-SITE IMPROVEMENTS
ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT
AGREEMENTS (TRACTS 14196, 15609, 15687, 16748, and 16750)
(LV PACIFIC POINT LLC)
WHEREAS, SJD PARTNERS, LTD., a California limited partnership ("Former
Subdivider") entered into Subdivision Improvement Agreements (Tract Maps 14196,
15687, and 16748) dated December 6, 2005, a Subdivision Improvement Agreement for
Tract Map 15609 dated October 17, 2006, and a Subdivision Improvement Agreement
for Tract Map 16750 dated July 3, 2006 with the City ("Original Agreements"), which
provided for Former Subdivider to construct certain Works of Improvement and perform
other obligations relating to the filing of a Final Maps of Tracts 14196, 15609, 15687,
16748, and 16750; 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") associated with Vested Tentative Tract
JMaps 14196 and 15609 from Former Subdivider through bankruptcy proceedings; and,
WHEREAS, the Former Owner was assigned and assumed the responsibility to
perform that certain Works of Improvement thereon as hereinafter set forth and as
identified within the Original Agreements for Final Maps of Tracts 14196, 15609,
15687, 16748, and 16750; and,
WHEREAS, the Former Owner has requested that the City determine that such
certain on-site improvements are completed and the corresponding remaining surety
bonds be released accordingly. The surety release is as follows:
SURETY TYPE OF IMPROVEMENT REMAINING
INSURANCE COMPANY AMOUNT
BOND TYPE/NUMBER TO BE RELEASED
Tract Map 14196
FRONTIER— STORM DRAIN $255,925
PERFORMANCE AND
LABOR AND MATERIALS
SD00031627
ARCH - PERFORMANCE STREET (STREET "A") $321,533
AND LABOR AND
` MATERIALS
U
SU5005287
1 6/2/2015
SURETY TYPE OF IMPROVEMENT REMAINING
INSURANCE COMPANY AMOUNT
BOND TYPE/NUMBER TO BE RELEASED
ARCH - PERFORMANCE STORM DRAIN (STREET"A") $213,412
AND LABOR AND
MATERIALS
SU5005290
ARCH - PERFORMANCE SEWER (STREET"A") $127,871
AND LABOR AND
MATERIALS
SU5005291
Tract Map 15609
ARCH - PERFORMANCE WATER-CALITA/CAMINO LAS $415,030
AND LABOR AND RAMBLAS
MATERIALS
SU5010973
Tract Map 15687
ARCH - PERFORMANCE PACIFIC SAN JUAN-A ST WATER $303,509
AND LABOR AND
MATERIALS j
SU5014774
ARCH - PERFORMANCE STORM DRAIN $529,000
AND LABOR AND
MATERIALS
SU5018410
ARCH - PERFORMANCE STREET $1,180,000
AND LABOR AND
MATERIALS
SU5018411
ARCH - PERFORMANCE SEWER $280,000
AND LABOR AND
MATERIALS
SU5018412
ARCH - PERFORMANCE WATER (STREET"A") $644,506
AND LABOR AND
MATERIALS
SU5018541 '
1
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USURETY TYPE OF IMPROVEMENT REMAINING
INSURANCE COMPANY AMOUNT
BOND TYPE/NUMBER TO BE RELEASED
Tract Map 16748
ARCH - PERFORMANCE LANDSCAPE $471,928
AND LABOR AND
MATERIALS
SU5018420
Tract Map 16750
SAFEGUARD- WATER-AVENIDA CALIFORNIA $70,005
PERFORMANCE AND
LABOR AND MATERIALS
5020968
ARCH - PERFORMANCE STORM DRAIN $611,125
AND LABOR AND
MATERIALS
SU5018424
ARCH - PERFORMANCE SANITARY OFF-SITE SEWER $1,012,000
AND LABOR AND
MATERIALS
SU5019282
TOTAL BOND RELEASE AMOUNT $6,435,844
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
SECTION 1. That certain Works of Improvement required to be performed by said
Former Owner as described within the chart above has been completed and approved.
SECTION 2. That the completed Works of Improvement with a value of $6,435,844 is
accepted.
SECTION 3. That the sureties described in the chart above may be released and
exonerated accordingly.
ASSED, APPROVED, AND ADOPTED this 2nd day of June 2015.
ATT i / J �'l
DEREK REEVE, MAYOR
MA O IS, CI CL RK
3 6/22015
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. 15-06-02-08 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 2n'
day of June 2015, by the following vote:
AYES: COUNCIL MEMBERS: Allevato, Perry, Ferguson, Patterson and Mayor Reeve
NOES: / COUNCIL MEMBER: None
ABSE / COUNCIL MEMBER: None
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MA I RRI i C k
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