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1987-665949 V-j- NOTICE OF COMFi,ETION 1. Pursuant to the Subdivision Map Act of the State of California and Title 24 of the Encinitas Municipal Code, Multitech Properties, Inc., subdividFr, d--d on the 4th day of December, 1985, enter into an ayr,:ement with the City of Encinitas to construct and install certain impr.ovements in that certain subdivision known as Tentative Map No. 4496-1, Record Map No. 11380, said improvements consisting of street and drainage improvements in the City of Encinitas. 2. Said agreement, including plans Gnd sp.-cifications for said improvements, is on file in the office of the Clerk of the City of Encinitas. 3. The name of the surety on the sub3ivider's Bonds ruaranteeing construction of said improvements and the payment of labor and material therefore is Developers Insurance Company, P.O. Box 3343, Anaheim, California, 92803. 4. Said improvements were completed and accepted by the City Council of the City of Encinitas on the 26th day of October, 1987. 5. Performar--e Bond - Improvement Bond #9160055 in the amount of $68,600.00; 900 ($61,740.00) is hereby released and the remaining 100 ($16,860.00) shall be held for a period of one (1) year from the acceptance date in paragraph 4 above unless further notified by the City. 6. Improvement Labor and Material Bond #9166055 the amour.t of $34,300.00 may released in six (6) months should no claim be filed against them with the City of Encinitas. 7. Neither acceptance of said improvements by the City Council of the City of Encinitas nor this notice constitutes a caaiver of any defects in the work of the construction or installation of said improvements. Dated: /e 7 CIT:. OF ENCINITAS ST'.'E OF CALIFORNIA, ) 0~ County of San Diego,) ss By_ , En nitas city Clerk ~ E. Jane Pool, City Clerk of the City of Encinitas, a political subdivision of the State of California, which is the owner of the ; public work described in the within Notice of Comp1etion executed ! by said City of Encinitas; certify that I have r.eaa the same and i know the contents thereof and tha* thn factE, thorein stated are ~ true on my own knowledge; that Z make this verification for and ; on behalf of said City of Encinitas. ~ i ~ Subscribed and sworr~ Lo befor.e m.e this day of _)~we-v.k,e.( , n•r:. . r.~ rrtititi . a-.•. ~t.:.^... ~ ~ DATRICItn DRzW : F. Jane oI, City Clerk City oY 'nc i n it~~~. RECUROING Rtt2UESTED BY ~ 87 6 6 5 949 ~ AND MAIL T0: S ~ ii . 221 ~ ~ ` ~'ti'L-t/ll ILJ1`~'`'~ . ~ . , 198i DEC -2 AM I;: 44 v►_"•, i_~ ~21irit Y it~cufinrit Np FEE 1 ~ ~ ( 1 i i ~ f ~ ~ 'i ~ ~ I ~ i ~ NOTICE OF COMPLETTON 1. Pursuant to the Subdivision Map Act of the State of California and Title 24 of the Encinitas Mvnicipal Code, McKellar Development Corporation, subdivider, did on the 15th day of January , 1985, enter into an agreement with the City of ~ Encinitas to construct and install certain improvements in that ' certain subdivision known as Tentative Map No. 4328-1, Record Map No.10818, said improvements consisting of street and clrainaye improvements in the City of Encinitas. 2. Said agreement, including plans and specifications for said , improvements, is on file in the office of the Clerk of the City of Encinitas. 3. The name of the surety on the subdivider's Bonds guaranteeing constr.uction of said improvements arld th2 paynent of labor and material therefore is Transamerica Insurance Company, 1150 South Olive, Los Angeles, California 90015. 4. Said improvements were completed and accepted by the City Council of the City of Encinitas on the 13th day of July, 1987. 5. Perfcrmance Bond 1:5240-81-61 was posted in the amount of $1,326,300.00 to ruarantee improvements. The street drainage, sewer and water facilities and appurtenances improvement portion is $1,306,300.00; 90% ($1,175,670.00) is hereby released and the reMaining l00 ($130,630.00) shall be held for a peried of one(1) year from the acceptance date in pararraph 4 above unl.ess further nctified by the City. 6. The monumentation security portion of the bond ($20,000.00) is hereby released. 7. Improvement Labor and hlaterials Bond ?5240-81-61 in the amourt of $663,150.00 may be released in six (6) months should no claims be filed against them with tha City of Encinitas. ts. Irrevocable Standby Letter of Credit (La Jolla Bank and Trust Comi;any) in the amount of $34,900.00 for erosion control work surety is hereby released. 9. On February 4, 1585 the Agreement to Improve Subdivision was amended to include a$20,000.00 guarantee for the correctlcn of a sight distance preblem along Mar.chester Avenile. This bond #524- 87-86 in the amount of $20,000.00 is hereby released. 10. Neither acceptance of said improvements by the City Council of the City of Encinitas nor t.iis notice constitutes a waiver of any defects in the work of the const.ructioil or installation of said improvements. Dated: hL .s-- CITY OF EIdCINImAS 5TATE OF CALIPORNIA,) ~ County of. San Diego,) Ss By_ (1 A_bAt~- Ence itas City Clerk E. Jane Pool, City Clerk of the City of 6r,cinitas, a political subdivision of the State ot California, which is the owner cf the pablic wark described in the within Notice ot Completion executad by said City of Tncinitas; certify that I hav- read the same and know the contents thereof ancl that the facts therein stated are , ..r