HomeMy WebLinkAboutCC Res 5170 2003-10-13
RESOLUTION NO. 5110
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH
ACCEPTING PUBLIC IMPROVEMENTS AND AUTHORIZING THE
RELEASE OF SECURITY FOR CENTEX HOMES TRACT NO. 15797
WHEREAS, the City Engmeer has provided certification to thc City Council ofthe City of I
Seal Bcach that all public Improvements and survey monuments related to Centex
Homes Tract No. 15797, City of Seal Bcach, State of California, havc been
complcted in a satisfactory manner.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES
HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:
That all public Improvcments related to Ccntex Homes Tract No. 15797, in the City of Seal
Beach, State of California are hcreby accepted and the following bonds posted with thc City of
Seal Beach securing the installation of said public improvements and survey monuments and
related work are hereby exonerated and released:
I. Faithful Performance Bond No, 6111100 in the amount of$936,786,85 providcd by Safeco
Insurancc Company of America.
2. Monumcnt Bond No. 6111102 m the amount of $17,500.00 provided by Safeco Insurance.
Company of America,
BE IT FURTHER RESOLVED by thc City Council ofthc City ofScal Beach that the following
bonds, reduced as noted, shall rcmain m effect for one (I) year from thc date of this resolution to
provide for repair of defective work and to proVide security for labor and material claims that I
may be filed against the City of Seal Beach and that said following bonds shall, at the end of the
one (I) year pcriod, be automatically exoneratcd and rclcased at that time unless during which
time thc City CounCil of the City of Scal Bcach by resolution modifies such exoneration and
release:
I. Labor and Materials Bond No. 6111100 in thc amount of $936,786.85 provided by Safeco
Insurancc Company of America, reduced to $450,000.00.
2. Warranty Bond No 6111101 m the full original amount of$23,419.71 provided by Safcco.
Insurance Company of America.
PASSED, APPROVED AND ADOfJil by the City cm~ City of Seal Beach at a
meeting thereof held on thc day of , 2003 by the
,
followmg vote:
-jJ~"g~_ I
AYES.
CouncIlmembers
NOES:
Councilmembers
ABSENT:
I
I
I
Resolution Number 5/'71'
.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joann~ M. Yeo, City Clerk of the City of Seal Beach, Cahfornia, do hcreby certify that thc
forcgoing rcsolution is an original copy of Resolution Numbcr J710 on filc in thc Officc of
the City Clerk, passed, approved ~ adopted by the Cit~cil of the City of Sea] Beach at a
meeting thereof held on the ~ day of ~ <1/ ,2003.
~"'I~~~m
C erk
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Resolution Number ~j1~
CITY OF SEAL BEACH
CITY ENGINEER CERTIFICATION
OF COMPLETION OF SUBDIVISION PUBLIC IMPROVEMENTS AND
SETTING OF SURVEY MONUMENTS AND RECOMMENDATION TO
RELEASE SECURITY
FOR CENTEX HOMES TRACT NO. 15797
I
I, Douglas A. Dancs, City Engineer for the City of Seal Beach, do herby certify that all of
the subdivision public improvements and survey monuments related to Centex Homes
Tract No. 15797, City of Seal Beach, State of California, which Tract No. 15797 IS
located on the easterly side of Seal Beach Boulevard at Plymouth Drive/Rossmoor Center
Way, have been completed in a satisfactory manor.
I therefore recommend that all of the subdivision public improvements related to Centex
Homes Tract No. 15797 in the City of Seal Beach, State of California, be accepted by the
City of Seal Beach and that the following bonds posted with the City of Seal Beach
securing the installation of Said public improvements and survey monuments and related
work be exonerated and released:
1. Faithful Performance Bond No. 6111100 m the amount of $936,786.85 provided
by Safeco Insurance Company of America,
2. Monument Bond No. 6111102 in the amount of $17,500.00 provided by Safeco
Insurance Company of America.
1
I additIOnally recommend that the following bonds, reduced as noted, remain in effect for
one (I) year from the date of approval of the Seal Beach City Council Resolution
Accephng Public Improvements and Authorizing Release of Secunty for Centex Homes
Tract No. 15797 in the City of Seal Beach, State of California, in order to provide for
repair of defective work and to provide security for labor and material claims that may be
filed against the City of Seal Beach and recommend that said following bonds, at the end
of the one (I) year period, be automatically exonerated and released at that hme unless
during which time the City Council of the City of Seal Beach by resolution modifies such
exoneration and release:
1. Labor and Materials Bond No. 6111100 in the amount of $936,786.85 provided
by Safeco Insurance Company of America, reduced to $450,000.00.
2. Warranty Bond No. 6111101 in the full original amount of $23,419,71 provided
by Safeco Insurance Company of America,
Signed:
cX101J
day of
@z;;~
,2003
CERTIFIED this
I
Douglas A. Dancs, .
eer for the City of Seal Beach