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2004-895781October 14, 2005 SAN DIECUITO 505 S. VULCAN AVENUE ENCINITAS, CALIFORNIA 92024-3633 Bank of America N.A: 333 South Beaudry Avenue, 17th Floor Los Angeles, CA 90017 Mail Code: CA9-703-19-09 WATER DISTRICT (760) 633-2650 FAX (760) 633-2627 TDD (760) 633-2700 Re: Release of Letter of Credit No. 3038102 for Water Improvements for a Subdivision Developed by Standard Pacific of San Diego, Agreement No. A-0047 To Whom It May Concern: Water improvements constructed by Standard Pacific, for a project located between Olympus Street, Piraeus Street, and Sparta Drive within the City of Encinitas, have been completed to the satisfaction of the San Dieguito Water District. Therefore, the District has determined that Letter of Credit No. 3038102 in the amount of $56,727.00 may be released at this time. If you have any question, please contact me at (760) 633-2862. Sincerely Ga Lee Engineer Enclosed Released to Print Name /0-7 l Date co recycled paper l~ M September 14, 2004 SAN DIEGUITO WATER 505 S. VULCAN AVENUE ENCINITAS, CALIFORNIA 92024-3633 DISTRICT (760) 633-2650 FAX (760) 633-2627 TDD (760) 633-2700 Standard Pacific Homes 5750 Fleet Street, Suite 200 Carlsbad, CA 92008 Re: Additional Inspection Deposit Funds for Water Improvements Cristin Beall, Charges to the inspection account for water improvements for the Standard Pacific, Maravu Subdivision came to a total of $7,709.02. The total deposit placed by Standard Pacific Homes was $5,200.00. Therefore, to close the account please remit $2,509.02 to the San Dieguito Water District. Should you have any questions, please contact me at (760) 633-2862. g:/sdwd/forms/Invoice Letter STd Pac.doc recycled paper San Dieguito Water District i a SAN DIEGUITO WA-11- E STRICT (760) 633-2650 505 S. VULCAN AVENUE. FAX (760) 633-2627 i.r ENCINITAS, CALIFORNIA 92024-3633 T DD (760) 633-2700 September 28, 2004 American Insurance Company Re: Release of Subdivision Bond No. 11127480231 Held for Security for Water Improvements for a Subdivision Developed by Standards Pacific Corporation, A Delaware Corporation, Agreement No. A-0047. To Whom It May Concern: Water improvements constructed by Standards Pacific Corporation, A Delaware Corporation for a project located between Olympus Street, Piraeus Street, and Sparta Drive have been completed to the satisfaction of the San Dieguito Water District. Therefore, the District has determined that Subdivision Bond No. 11127480231 in the amount of $170,180.00 may be released at this time. If you have any questions, please call me at (760) 633-2862. 'Sincerely, OGJary Lee Assistant Engineer Enclosure Release t Print Name v z/ A 4 Date i recycled paper CITY OF ENCINITAS SAN DIEGUITO WATER DISTRICT AGENDA REPORT Meeting Date: August 25, 2004 TO: VIA: FROM: Board of Directors Kerry L. Miller, District Lin H. Wurbs, Public W, SDWD.Engineering & Planning Department Bill O'Donnell, Senior Enginee FOR YOUR RECORDS From City Clerk SUBJECT: Consideration of Acceptance of Public Water Improvements and Authorization to File a "Notice of Completion" for hnprovements Constructed by Standard Pacific Corporation for Property Located Between Olympus Street, Piraeus Street, and Sparta Drive within the City of'-Encinitas:(APNs 254-411-03,04,05,07 & 254- 412-01,02) BACKGROUND: On May 3, 2001, the San Dieguito-Water District entered into a "Lien Covenant Regarding Real Property: Improvements Required as Condition on Final Approval of Subdivision of Real Property" with Standard Pacific Corporation, owner of property located between Olympus Street, Piraeus Street, and Sparta Drive. The Covenant detailed the requirements for the construction and installation of certain public water improvements. ANALYSIS: The potable water improvements were installed in accordance with District approved plans and specifications, under District;irtspection. A 25% retention of security will be held for one year to cover warranty of potable water improvements. FISCAL AND STAFF IMPACTS: Future expenses will be incurred for maintenance of the new water improvements. Funds to cover the cost of said maintenance are collected through the sale of water. RECOMMENDATION: Accept public water improvements and authorize the District Manager or their designee to file a "Notice of Completion" for improvements constructed by Standard Pacific Corporation, located between Olympus Street, Piraeus Street, and Sparta Drive. t j; ) ) When Recorded Mail To: ) District Clerk ) San Dieguito Water District ) 505 South. Vulcan Ave. ) /A Encinitas, CA 92024 1 For the Benefit of the District DOCd 9004-0895751 EP 1, 20014 3:42 PM OFFICIAL FICCORDS S.~rJ CiIEGU COLINTY RECOHIDER'S OFFICE GREGORY J. SMITH, COUNTY RECORDER FEES 0.00 PAGES: 1401 VIII hill VIII lull VIII Dill hill hill gill gill VIII VIII VIII oil III I NOTICE OF COMPLETION Assessor's Parcel Nos. 254-411-03,04,05,07 & 254-412-01;02 Agreement No. A-0047 1. Standard Pacific Corporation, on the 23"d day of May, 2001, enter into a "Lien Covenant Regarding Real Property: Improvements Required as Condition on Final Approval of Subdivision of Real Property" with the San Dieguito Water District. The Agreement detailed the requirements for the construction and installation of 2,040 feet of 8-inch PVC water main, along with new services and appurtenances, within the roads known as Sparta Drive, Skyros Way, Crete Court, Caudor Street, Olympus Street, and Urania Avenue in the City of Encinitas. 2. Said Covenant, 'including the plans and specifications for said improvements, is on file in the Office of the Clerk of the Board of Directors. 3. Said improvements were completed by, the owners and accepted by the San Dieguito Water District Board of Directors on the 25th day of Augusts 2004. 4. Subdivision Bond No. 11127480231 from The American Insurance Company in the amount of $170,180.00 may be released at this time. The District will retain a Letter of Credit in the amount of $56,727.00, which shall be released at the end of the one-year warranty period. 5. All requirements of said Covenant have hereby been satisfied except for warranty. 6. Neither acceptance of said improvements by th& Board "of Directors nor this Notice constitute a waiver of any defects in the work of the construction`or installation of said improvements. Dated: SAN DIEGUITO WATER DISTRICT Clerk of the Board I, Deborah Cervone, Clerk of the San Dieguito Water District, a political subdivision of the City of Encinitas, County of San Diego, State of California, which is the, owner of the public work described within the Notice of Completion executed by said San Dieguito Water District, do hereby certify that I have read the same and know the contents thereof and that the facts therein stated are true to the best of my own knowledge. .I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct. I make this verification for and on behalf of the San Dieguito Water District. Dateā€¢ )0" ox Deborah Cervone, Board Clerk STATE OF CALIFORNIA) ) ss County of San Diego On , 200+, before me, ~h} personally appeared Deborah Cervone, personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Public CLAUDIA A. MNGPAM Commbaton #E 1446064 Notary POW - CCOO Ma Son Dino County ~rcomm.oa~e,sao