1987-665951 (2)+ NOTICE OF COMPLETI01.•J . 226
1. Pursuant toothe Subdivision Map Asof the State of
California and Title 24 of the Encinitas Municipal Code, The
Fieldstone Company, subdivider, did on the 14th day of September,
1983, enter into an -agreement with the City of Encinitas to
construct and install curtain improvements in that certain
subdivision known as Tentative Map No. 4030-1, Record Map No.
10733, said improvements consisting of street and drainage
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
construction of said improvements and the payment of labor and
material therefore is the American Insurance Company, 18121
Irvine Boulevard, Tustin, California 92680.
4. Said improvements were completed and accepted by the City
Council of the City of Encinitas on the 14th day of September,
1987.
5. A Faithful Performance Bond in the mount of $1,282,F60.00
was posted to guarantee improvements. The original street, water
and drainage facilities improvement portion of the bond was in
the amount of $1,249,060.00. On July 8, 1986, the improvement
portion was reduced to $135,852.00. An additional amount of
$11,946.00 hereby rclc_dsed. The remaining $124,906.00 shall
be held fo:- a period of one (1) year from the acceptance date in
paragraph 4 unless further notified by the City.
6. The Monumentation security portion of the bond, in the amount
of $11,000.00, is hereby released. The Park Land Security
portion of' the bond in the amount of $22,600.00 is hereby
released.
7. The Sewer Improvement Bond #7124799 in the amount of
$194,550.00 was reduced on July 8, 1986 to an amount of
$19,455.00. This security shall be held for a period of one (1)
year fr-)m the acceptance date in paragraph 4 unless further
notified by the City.
8. Sewer Labor and Materials Bond #7124799A in the amount of
$97,273.00 may be released in six (6) months from the date of
acceptance in paragraph 4 shculd no claims be filed against them
with the city of Encinitas.
9. Cash deposit of $5,000 placed with the Board of Supervisors
for emergency erosion control work is hereby released.
10. Neither acceptance of said improvements by the City Council
of the City of Encinitas nor this notice constitutes a waiver of
any defects in the work of the construction or installation of
said improvements.
Dated: /r A3_ 4T Q I CITY OF ENCINITAS
T
STATE OF CALIFORNIA,)
County of San Diego,) ss By fj~~
Enci tas 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. Completion executed
by said City of Encinitas; certify that I have read the same and
know the co::tents thereof and that the facts therein stated are
true on my own knowledge; that I make this verification for and
on behalf of said City of Encinitas.
Sub3cribed and sworn to before me this
2-S`th day of E. Jan ool, City Clerk
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