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HomeMy WebLinkAboutReso 160-06 AccpImprvTr7453DublinRanch RESOLUTION NO. 160 - 06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS FOR TRACT 7453 AND APPROVING REGULA TORY TRAFFIC CONTROL DEVICES WHEREAS, the subdivider of Tract 7453, filed on November 24,2003, in Book 273 of Maps at Pages 52-56, previously entered into a Tract Improvement Agreement 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: c) Tract Size: d) Resolution Approving Agreement: e) City Streets Affected: Chang Su-O-Lin (also known as Jennifer Lin), Hong Lien Lin (also known as Frederic or Frederich Lin), and DR Acquisitions II, LLC, a Delaware Corporation, and Sierra Land Development Corporation, a California Corporation Bounded by Central Parkway, Lockhart Street, Dublin Boulevard and Keegan Street Four Lots No. 214-03, City of Dublin City Council Central Parkway, Lockhart Street, Dublin Boulevard and Keegan Street a) Subdivider: b) Tract Location: WHEREAS, the Improvements associated with Tract 7453 are complete in accordance with said plans and specifications, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the developer has installed certain regulatory traffic control devices as a part of the Tract improvements; and WHEREAS, the original Performance Bond and Labor and Materials Bond that guaranteed the Street Improvements can be released, in accordance with the authority contained in S66499.7 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; NOW, THEREFORE, BE IT RESOLVED that: 1. The Improvements completed within said Tract 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. 554536S) in the amount of$5,317,000.00 be released; and 3. The original Labor and Material Bond issued by Developers Surety and Indemnity Company (Bond No. 554536S) in the amount of$5,317,000.00 be released; and Reso No. 160-06, Adopted 9/5/06, Item 4.2 Page 1 of2 4. The submitted Maintenance Bond issued by Developers Surety and Indemnity Company (Bond No. 554536S-M) in the amount of $881,000.00 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. 5. The regulatory traffic devices installed by the developer are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: a) Traffic signal control at the Keegan Street/Central Parkway intersection. b) Traffic signal control at the Keegan StreetIDublin Boulevard intersection. c) Four-way Stop control at the Keegan Street/Finnian Way intersection. d) Four-way Stop control at the Keegan Street/Maguire Way intersection. e) Three-way Stop control at the Lockhart Street/Finnian Way intersection. f) Stop control for the left turn lanes on Lockhart Street at Maguire Way. g) Two-way Stop control at the Dublin BoulevardlLockhart Street intersection (temporary until Dublin Boulevard is extended and the future traffic signal is installed). h) No Parking control on both sides of Dublin Boulevard between Keegan Street and Lockhart Street. i) No parking control along the right turn lane on Central Parkway at Lockhart Street (approximately 200 linear feet). PASSED, APPROVED AND ADOPTED this 5th day of September, 2006, by the following vote: AYES: Councilmembers Hildenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None AT~ \~~- ....-- City Clerk Reso No. 160-06, Adopted 9/5/06, Item 4.2 Page 2 of2