HomeMy WebLinkAboutReso 162-06 Accept Improvements Lockhart St.
RESOLUTION NO. 162 - 06
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTANCEOF~PROVEMENTSFOR
LOCKHART STREET - CENTRAL P ARKW A Y TO GLEASON DRIVE
WHEREAS, the Lin Family and the Sierra Land Development Corporation entered into an
Improvement Agreement with the City of Dublin on May 3,2005, to construct roadway improvements for
Lockhart Street - Central Parkway to Gleason Drive, in accordance with the approved plans; and
WHEREAS, improvements associated with Lockhart Street - Central Parkway to Gleason Drive,
are complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of
the City Engineer; and
WHEREAS, the Lin Family has dedicated right-of-way to the City of Dublin for Lockhart Street -
Central Parkway to Gleason Drive; and
WHEREAS, the Performance Bond and the Labor and Materials Bond can be released, in
accordance with the authority contained in ~66499. 7 of the Government Code of the State of California,
and replaced with a Maintenance Bond to guarantee the completed work for a one-year period following
acceptance; and
WHEREAS, the Sierra Land Development Corporation has provided a Maintenance Bond to
guarantee the completed work for a one-year period;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed with said project are hereby approved and accepted subject to
a one-year guarantee period; and
2. The original Performance Bond issued by Developers Surety and Indemnity Company
(Bond No. 869068S) in the amount of$I,434,000.00 be released; and
3. The original Labor and Materials Bond issued by Developers Surety and Indemnity
Company (Bond No. 869068S) in the amount of$I,434,000.00 be released; and
4. The submitted Maintenance Bond issued by Developers Surety and Indemnity Company
(Bond No. 869068S-M) in the amount of $358,500.00 be accepted as security for the
aforesaid one-year maintenance period, said period to commence on this date and terminate
on the 5th day of September, 2007.
Reso No. 162-06, Adopted 9/5/06, Item 4.8
Page 1 of2
PASSED, APPROVED AND ADOPTED this 5th day of September, 2006, by the following vote:
YES: Councilmembers Hildenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
.~\lJ \~L -
ity Clerk
Reso No. 162-06, Adopted 9/5/06, Item 4.8
Page 2 of2