HomeMy WebLinkAboutCC Res 5672 2008-02-11
RESOLUTION NUMBER 5672
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH, CALIFORNIA AUTHORIZING THE RELEASE OF
FAITHFUL PERFORMANCE, LABOR AND MATERIALS, AND
MONUMENTATION BONDS FOR WL HOMES, LLC, HELLMAN
RANCH, TRACT NO. 15402
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WHEREAS, Public improvements and other improvements for WL Homes, LLC,
Hellman Ranch Tract No. 15402 City of Seal Beach, State of California have
been completed and recommends the release in the Faithful Performance, Labor
and Materials, and Monumentation bonds posted by WL Homes, LLC that
guarantees the installation of those public improvements and other
improvements.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH
DOES HEREBY RESOLVE:
Section 1. Faithful Performance, Labor and Materials, and Monumentation bonds
posted by WL Homes, LLC to guarantee the installation of public improvements
and other improvements for Heron Pointe, Tract No. 15402, in the City of Seal
Beach, State of California, be released as follows:
1, Faithful Performance Bond #3SM 046 199 00 in the amount of
$1,997,500.00 provided by American Motorists Insurance Company be
released.
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2. Labor and Materials Bond #3SM 046 199 00 in the amount of
$1,997,500.00 provided by American Motorists Insurance Company be
released.
3. Monument Bond No. 422013 in the full original amount of $27,000,00
provided by Seaboard Surety Company be released.
4. Warranty Bond #3SM 046 199 00 in the full original amount of
$998,750.00 provided by American Motorists Insurance Company to
remain in full effect for a period of one (1) year following the date of this
Council action.
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PASSED, APPROVED and ADOPTED by the City Council of the City of Seal
Beach at a regular meeting held on the 11th day of Februarv ,2008 by
the following vote:
AYES: councilmembera,i1Jo,~, ~.[..AIf}o.y" ~1-h1
NOES: Councilmember ~J'
ABSENT: Councilmember ~.I
ABSTAIN: Councilmember ~f
ATTEST:
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City Clerk
/,L.&:, ~_ZJ
Mayor
Resolution Number 5672
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify I
that the foregoing resolution is the original copy of Resolution Number 5672 on
file in the office of the City Clerk, passed, approved, and adopted by the City
Council of the City of Seal Beach, at a regular meeting held on the 11th day
of Februarv, 2008.
~'n~. IIO.l/Jll<;4f
ity lerk
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