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Resolution Number 13-04-16-06RESOLUTION NO, 13-04-16-06 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 OFF-SITE SEWER IMPROVEMENTS 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 off-site public sewer improvements outside Tract 16634; and, WHEREAS, Rancho San Juan Development, LLC., the current developer of Tract 16634 has requested that the City determines that such certain off-site sewer improvements located outside Tract 16634 is completed and the corresponding remaining surety be released accordingly. The surety release is as follows: SURETY COVERAGE TYPE OF REMAINING (ARCH INSURANCE IMPROVEMENT AMOUNT COMPANY) TO BE RELEASED Bond # SU5020792 Offsite Sewer $238,500 NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That the sewer improvement work required to be performed by said developer has been completed and approved. SECTION 2. That the completed sewer facility with a value of $690,000 is accepted. SECTION 3. That the sureties described in the chart above may be released accordingly. P4,SSED, APPROVED, AND ADOPTED this _16th day of April 2013. F.111 HN TAY L MARIA MORRIS, CITY CLE 4-16-2013 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. 13-04-16-06 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 161h day of April 2013, by the following vote: AYES COUNCIL MEMBERS: Byrnes, Kramer, Reeve, Allevato and Mayor Taylor Nq'ESE: _11 C6UNCIL MEMBER: None ARSENTb OUNCILVEMBER: None RI ` M R'�215, City Cl J 2 4-16-2013