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HomeMy WebLinkAboutReso 218-06 AccpImprvCentralPkwy&FallonRd RESOLUTION NO. 218 - 06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCEOF~PROVEMENTSFOR CENTRAL PARKWAY - LOCKHART STREET TO FALLON ROAD AND FALLON ROAD - CENTRAL PARKWAY TO BENT TREE DRIVE AND APPROVING REGULA TORY TRAFFIC CONTROL DEVICES WHEREAS, the Lin Family and the Sierra Land Development Corporation entered into an Improvement Agreement on June 21, 2005, with the City of Dublin to construct roadway improvements for Central Parkway - Lockhart Street to Fallon Road and Fallon Road - Central Parkway to Bent Tree Drive, including traffic signals on Central Parkway at Lockhart Street and at Fallon Road, in accordance with the approved plans; and WHEREAS, the roadway improvements associated with Central Parkway - Lockhart Street to Fallon Road and Fallon Road - Central Parkway to Bent Tree Drive, and the traffic signal improvements for the Central ParkwaylLockhart Street intersection are complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the traffic signals improvements for the Central ParkwayIFallon Road intersection are not completed at the request of the City; and WHEREAS, certain regulatory traffic control devices have been installed as part of the roadway improvements; and WHEREAS, the Lin Family has dedicated right-of-way to the City of Dublin for Central Parkway- Lockhart Street to Fallon Road and Fallon Road - Central Parkway to Bent Tree 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 Maintenance Bonds 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. 720006S) in the amount of$1,300,000.00 be released; and Reso No. 218-06, Adopted 11/21/06, Item 4.5 Page 1 of2 3. The original Labor and Materials Bond issued by Developers Surety and Indemnity Company (Bond No. 720006S) in the amount of$I,300,000.00 be released; and 4. The submitted Maintenance Bond issued by Developers Surety and Indemnity Company (Bond No. 720006S-M) in the amount of $325,000.00 be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 21st day of November, 2007. 5. The submitted Maintenance Bond issued by Developers Surety and Indemnity Company (Bond No. 720007S-M) in the amount of $40,000.00 be accepted as security for the traffic signal improvements at the Central ParkwayILockhart Street intersection for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 21st day of November, 2007. 6. The regulatory traffic control devices installed as part of the improvements are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: a) Traffic signal control at the intersection of Lockhart Street and Central Parkway. b) Stop control and right turn only at the Old Fallon Road approach to Fallon Road. c) No Parking on the west side of Fallon Road from Bent Tree Drive to Central Parkway. PASSED, APPROVED AND ADOPTED this 21st day of November, 2006, by the following vote: YES: Councilmembers Hildenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: \ . C', r '-'~ili I -~"if'\ 9--.... ......0..' ' . i\..---'i.....i'V' "v"+ City Clerk Reso No. 218-06, Adopted 11/21/06, Item 4.5 Page 2 of2