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1987-665948 (2).V J 2 18 44 NOTICE OF COMPLETION 1. Pursuant to the Subdivision Map Act of the State of California and Title 24 of the Encinitas Municipal Code, Broadmoor Homes, Southwest, Inc., subdivider, did on the 11th day of June, 1986, enter into an agreement with the City of Encinitas L~o construct and install certain improvements in that certain subdivision known as Tentative Map No. 4384-1, Final Map N0.11042, 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 Insurance Company of the :nest, 10140 Campus Drive, San Diego, California, 92121. 4. Said improvements were comple:ed and accepted by the City Council of the City of Encinitas on the 14th day of September, 1987. 5. Performance Bond - Improvement Bond t13-64-75 in the amount of $320,257.00; the amount of $273,087.00 is hereby released and the remaining amount of $47,170.00 shall b.:~ 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 #13-64-75 in the amount of $237,350.00 may be released in six (6) months should no claim be filed against them with the City of Encinitas. 7. Monumentation Bond #13--64-75 in the amount of $3,800.00 is hereby released. Park Land Security Bond #13-64-75 in the amount of $9,800.00 is hereby released. Drainage Fees Bond #13-64-75 in the amount of $11,500.00 is hereby released. 8. 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 oL said improvements. i Dated: t 57 F CITY OF ENCINITAS STATE OF CALIFORNIA County of San Diego,) ss By_ Enr itas City Cle 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 contents 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. Subscribed ana sworn to before me this s th day of m~+~ ~ ~S~I~IAr nl+nb• • • • RECORDING REQUESTED BY AND MAIL T0: C.t ~ti1 ~F mC'1,t ~-R s •uJ 219 ~V' ~ AI~S~~~' ~xaaf sl 665946 1`e1 DEC -2 AM II: 44 ~aurr i r ~+r.cm~n~i~ Nic Fm