HomeMy WebLinkAbout4.03 AcceptWkTr4950
,( 9
-
/,",
.
"-
~
---,'
"-
""/
- CITlf OF -DUBLIN
'...r:r;' i::--
,,"- ,
~----~~'
'\..-,.'....,'.~..~" c-.
':,,,:'
city COuncil- Meeting Date: September 22, 1986
SUBJECT :
Acceptance of Work - Tract 4950 (Heritage COIlInons)
Authorization for Staff to Accept Maintenance Bond'
EXHIBITS ATTACHED:
Resolution; Location Map
RE<XtoIMENDATION: ~ ~ 1)
2)
Adopt resolution ,to accept the work completed in Tract
4950
Authorize Staff to accept maintenance bond in connection
with guarantee of work at future date; letter of credit
to remain in force until that time.
FINANCIAL STATEMENl': 'A letter of credit in the amount of $232,500 to guarantee
against defects for one year willremain'in force until the
maintenance bond is provided. There are no public str,eets
in this tract. '
DESOUPTION:
All work in connection with the subject tract has been cOllq?leted in accordance
with the terms of the subdivision contract, and acceptance of the work is now in
order. Pertinent information concerning the tract is as follows:
a) Subdivider: Coast savings and Loan (Originally OlyJllpic Savings)
b) Tract Location: South of Amador Valley Blvd. at Stagecoach Road.
c) Tract Size: 73 townhouse lots. .
d) Resolution approving Amended Final Map: No.ll8-84 City Council of Dublin
e) City streets affected: (All private streets)
At the time the City and the subdivider executed the contract for the Tract
improvements, the subdivider was required to provide a letter of credit in the
amount of $232,000 to 'provide the necessary security for the performance of the work
involved. As the work is now COIIq?leted, 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 $58,125, which is 25% of the original bond
required, and which is sufficient to cover the one-year maintenance guarantee
period, ,at a future date.
!
l'
-
::::-::~-~~- -------------~-::::::-::~--:~s:-:::::::-:-::::----------------
" c~;~' j~~.,_ili.jJiiSjhr~;~(~,~:~'~~_l~5ii:~~~:; .?;.~"~.~r"'~.,4,t~'"'_t"'t,","",,I-.r"':~~.
/
RESOLUTIOO 00. -86
A RESOLUrIOO OF THE CITY <XXJNCIL
OF THE CITY OF DUBLIN
FCR THE ACCEPTANCE OF IMPR<:JImolENrS
TRACT 4950
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: co~st savings & Loan (Originally Olympic Savings)
b) Tract location: South of Amador Valley Blvd. at Stagecoach Road
c) Tract size: 73 townhouse lots
d) Resolution approving Amended Final Map: No. 118-84 City Council of
Dublin
e) city streets affected: (All private streets.)
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 tract work is now completed, the original letter of
credit 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; ,
NCW, THEREFCRE, 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 letter of credit security requirement be
reduced from the amount of $232,500 to a revised security requirement in the amount of
$58,125 upon acceptance by Staff of the replacement maintenance bond in the said amount
of $58,125 as security for the aforesaid one-year guarantee period, and the Mayor of
this City Council be, and he is hereby authorized and directed to execute the said bond
on behalf of the said City of Dublin; and
3. The said original letter of credit in the amount of $232,500 posted
in connection with the work involved in the construction of the said tract be hereby
released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this 22nd day of September, 1986.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
..---.....""".~\I!""~.
.h'.....',.~.v..'""_.~ ~
..,:, ~{!:~;':~-~\"";:."~"~':,~ .:.:;~
'! ::~X'Firr}o/~~r":
"
l'
,
,
,
"
"
,
"'.
-"~
,
I~
~
\l
~
~
"
~
~
N
----- -
--
COV7:<
~
4, -- COS;>:;
4~~ "4 Co
=-174 '
Cq
~
~
\\
'(i
fJLVP.
V,lJi-Ll:Y
~"'"
=
v~
C-v
'(....c.
P0'9L/-U
"
1:!
f
~
$
')
~
~
I~
~
%,
C"~ .........
=-<--
-
.V/C/AJ/TY.M4P
liOT TO ~CALE
.~, i
, '
,.
,,~ H"
-
'!~
..
. . -',... ~--:-'.., ,,..."' ,.,.,,,,--"".- _.~
.~ ,-".~,..., .'''''..."..,';.-",'"'--"....:---.=.',...,,-..,.. .. "'-,'-'.-'. .-.--