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HomeMy WebLinkAboutReso 131-85 PMap4008 AI RESOLUTION NO. 131-85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS PARCEL MAP 4008 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 of the City of Dublin, said tract identified as follows: a) Subdivider: Winning Action Investments b) Tract Location: Dougherty Road at Houston Place c) Tract Size: 3 commercial lots d) Resolution approving Final Map: 126-84 e) City streets affected: Dougherty Rd. and Houston Place; and WHEREAS, said improvements have been completed in accordance with said plans and specifications, and any approved modifications thereof, to the satisfaction of the 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 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 are completed within the said tract and they are hereby approved and accepted subject to the aforesaid one-year guarantee except the two street lights and six street trees; 2) The aforesaid original performance bond security requirement may be reduced from the amount of $172,450 to a revised security requirement in the amount' of $43,112.50, and this replacement bond in the said amount may be accepted by the City Engineer as security for the aforesaid one-year guarantee period; and 3) The said original performance bond in the amount of $172,450 posted in connection with the work involved in the construction of the said tract may be released when the $43,112.50 bond and a performance bond of $11,000.00 are filed with the City of Dublin. PASSED, APPROVED, AND ADOPTED this 9th day of December , 1985, by the following vote: AYE S: Councilmembers Hegarty, Jeffery, Moffatt, Vonheeder and Mayor Snyder NOES: None ABSENT: None J~. ~ ATTEST: City Clerk