Resolution Number 15-11-03-01RESOLUTION NO. 15-11-03-01
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 TRACT 13436 CAMPANILLA
(TAYLOR MORRISON OF CALIFORNIA, LLC)
WHEREAS, on May 15, 2012, the City of San Juan Capistrano entered into a
Subdivision Improvement Agreement with the developer of the Campanilla Residential
Development (Tract 13436) providing for the construction of certain onsite and off-site
improvements; and,
WHEREAS, Taylor Morrison of California, the current developer of Tract 13436
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
Developers Surety and
Indemnity Company
TYPE OF IMPROVEMENT
REMAINING
AMOUNT
TO BE RELEASED
Bond # 1071734
Grading Performance
$ 240,000
Bond # 1071741
Monumentation
$ 16,500
Bond # 1071742
Offsite Landscaping
$ 65,000
Bond # 1071743
In -Tract Landscaping
$ 650,000
Bond # 1071744
Traffic Signal
$ 108,000
Bond # 1071745
Sanitary Sewer
$ 310,818
Bond # 1071746
Strom Drain
$ 586,751
Bond # 1071747
Private Street
$794,642
Bond # 1071748
Public Street
$19,600
Bond # 1071749
Water and Appurtenances
384,520
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 $3,175,831 is accepted.
11-3-2015
SECTION 3. That the sureties described in the chart above may be released
accordingly.
PASSED, APPROVED, AND ADOPTED this 3rd day of November 2015.
DEREK REEVE, MAYOR
ATTEST`. 1,1 1/j I
DWI -.1
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. 15-11-03-01 was duly adopted by the City
Council of the City of San Juan Capistrano at the Special meeting thereof, held the 3r°
day of November 2015, by the following vote:
AYES:OUNCIL MEMBERS: Allevato, Ferguson, Perry, Patterson and Mayor Reeve
NOES: OUNCIL�MEMBERS: None
ABSEN�V OUNCILMEMBERW None
City
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