HomeMy WebLinkAbout4.03 Agenda Statement
CITY OF DUBLIN
AGENDA STATEMENT
City Council Meeting Date: March 14, 1988
SUBJECT:
Acceptance of Improvements
Tract 4415 (Coral Gate)
RECOMMENDATION:
1)
2)
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Resolution
Location Map
EXHIBITS ATTACHED:
Adopt Resolution to accept the work completed.
Authorize Staff to accept maintenance bond at a
future date.
FINANCIAL STATEMENT:
A maintenance bond in the amount of $25,150 to
guarantee against defects will be provided to the
City. Gate Way is a private street and will not incur
sweeping or other Crey street maintenance costs.
DESCRIPTION:
This project was developed by Coral Development and consists of 26
multi-family lots in the development known as "Coral Gate."
Improvements in Tract 4415 have been inspected by the City Engineer and
determined to be complete.
At the time the City and the subdivider executed the contract for the
Tract improvements, the subdivider was required to provide a performance bond
in the amount of $100,150 to provide the necessary security for the
performance of the work involved. As the work is now completed, the
performance security requirement can be reduced, in accordance with the
authority contained in Section 66499.7 of the Government Code, to an amount
necessary to guarantee maintenance of the work for a one-year period following
acceptance of the work. The subdivider will provide a new maintenance bond in
the amount of $25,150, which is 25% of the original bond required, and which
is sufficient to cover the one-year maintenance guarantee period, at a future
date.
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COPIES TO: Coral Development
ITEM NO.
4
RESOLUTION NO. -88
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS,
TRACT 4415 (CORAL GATE)
WHEREAS, the owner-subdivider of the aforesaid Tract 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: . Coral Development Co.
b) Tract Location: South of Alcosta Blvd. at I-680 and Davona Dr.
c) Tract Size: 26 townhouse lots
d) Resolution Approving Final Map: No. 14-87, City Council of Dublin
e) City Streets Affected: None (private street)
WHEREAS, said improvements have been completed in accordance with
said plans and specifications, and any approved modifications thereof, to the
satisfaction of said City Engineer of the City of Dublin; and
WHEREAS, as a condition of said contract, the subdivider is
required to guarantee the improvements and to maintain the completed work for a
period of one year following acceptance of the work by the said City of Dublin; and
WHEREAS, as the improvements are now completed, the original
performance bond security requirement can be reduced, in accordance with the
authority contained in Section 66499.7 of the Government Code of the State of
California, to an amount found necessary to guarantee maintenance of the completed
work for the aforesaid one-year period;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within the said tract be, and they
are hereby approved and accepted subject to the aforesaid one-year guarantee; and
2. The aforesaid original performance bond security requirement be
reduced from the amount of $100,160 to a revised security requirement in the amount
of $25,150 upon acceptance by Staff of the replacement maintenance bond in the said
amount of $25,150 as security for the aforesaid one-year guarantee period, and the
Mayor of this City Council be, and she is hereby authorized and directed to execute
the said bond on behalf of the said City of Dublin; and
3. The said original performance bond in the amount of $100,150
posted in connection with the work involved in the construction of said Tract be
hereby released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this 14th day of March, 1988.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
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