Rancho Santa Margarita

City Council

May 08, 2024 Order of Business 5 #5

Agenda Item 5

5.5 NOTICE OF COMPLETION FOR THE FISCAL YEAR 2023-24 ANNUAL\nRESIDENTIAL OVERLAY PROJECT (Parco)\nRECOMMENDATION:\n1) Accept the improvements for the Fiscal Year 2023-24 Annual\nResidential Overlay Project; and\n2) Authorize the City Clerk to file a Notice of Completion with the County\nof Orange Recorder’s Office within fifteen (15) calendar days, as\nrequired by Section 9204 of the California Civil Code; and\n3) Authorize the retention monies to be released thirty-five (35) days\nafter the Date of Recordation of the Notice of Completion, if all Stop\nNotices have been resolved and all potential claims are settled.\nItem No. 5.5