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HomeMy WebLinkAboutReso 009-02 DubRanL5 AI 6960RESOLUTION NO. 9 - 02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTING IMPROVEMENTS FOR TRACT 6960 (DUBLIN RANCH NEIGHBORHOOD L5, "STONECREST") AND APPROVING REGULATORY TRAFFIC DEVICES INSTALLED AS TRACT IMPROVEMENTS WHEREAS, the subdivider/developer of Tract 6960, filed April 7, 1999, in Book 242 of Maps Pages 85-95, previously entered into a contract with the City of Dublin to improve said Tract in accordance with plans and specifications on file with the City Engineer, said Tract identified as follows: a) Subdivider/Developer: b) Tract Location: c) Tract Size: d) Resolution Approving Final Map: e) City Streets Affected: Centex Homes, A Nevada Corporation, and MSSH Dublin Development, LLC East of Tassajara Road, West of future Fallon Road 113 single-family lots plus several large lots subsequently subdivided for Neighborhoods L1, L4, L6, and M1 together with several parcels for open space, a neighborhood park, a stream corridor, a private recreation facility, and a future school No. 40-99, City Council of Dublin Oak Bluff Lane, Oak Bluff Court, Cranbrook Place, North Bridgepointe Lane, South Bridgepointe Lane, Colebrook Lane, Colebrook Court, Hartland Lane, and Hartland Court WHEREAS, the improvements associated with Tract 6960 are complete in accordance with said plans and specifications, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the subdivider/developer has installed certain traffic regulatory devices as a part of the Tract improvements; and WHEREAS, the original Performance and Labor and Materials Bonds can be released, in accordance with the authority contained in §66499.7 of the Government Code of the State of California, and replaced with Maintenance Bonds to warranty the completed work for a one-year period; NOW, THEREFORE, BE IT RESOLVED that: The improvements completed within said Tract are hereby approved and accepted subject to a one-year warranty period; and The traffic regulatory devices installed by the developer are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: a) Stop control device installed at southbound North Bridgepointe Lane at Antone Way. b) Stop control device installed at northbound South Bridgepointe Lane at Antone Way. c) Stop control device installed at westbound Oak BluffLane at North Dublin Ranch Drive. d) 25 MPH speed limit signs on North Bridgepointe Lane, South Bridgepointe Lane, and Oak Bluff' Lane. The original Performance Bond issued by SAFECO Insurance Company of America (Bond No. 5947528) in the amount of $895,466.00 be released; and The Original Labor and Materials Bond issued by SAFECO Insurance Company of America (Bond No. 5947528) in the amount of $447,733.00 be released; and The original Performance Bond issued by American Home Assurance Company (Bond No. 00-222-942) in the amount of $55,836.00 be released; and The original Labor & Materials Bond issued by American Home Assurance Company (Bond No. 00-222-942) in the amount of $27,918.00 be released; and The submitted Maintenance Bond issued by SAFECO Insurance Company of America (Bond No. 5947528-1) in the amount of $223,867.00 be accepted as security for the aforesaid one-year warranty period, said period to commence on this date and terminate on the 5th day of February, 2003, subject to the repair of any defects discovered during the warranty period; and The submitted Maintenance Bond issued by American Home Assurance Company (Bond No. 00-222-942-A) in the amount of $13,959.00 be accepted as security for the aforesaid one-year warranty period, said period to commence on this date and terminate on the 5th day of February, 2003, subject to the repair of any defects discovered during the warranty period. PASSED, APPROVED AND ADOPTED this 5th day of February, 2002. AYES: Councilmembers McCormick, Oravetz and Zika and Mayor LoCkhart NOES: None ABSENT: None ABSTAIN: None ATTEST: K2/G/2-5-02/reso-6960.doc (Item 4.5) g: develop\dublin ranch~LS-Centex, Stonecrcstlresoacpt6960. doc