HomeMy WebLinkAboutReso 15-07 Fallon/Dublin Blvd Improvements
RESOLUTION NO. 15 - 07
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTANCE OF IMPROVEMENTS FOR
FALLON ROAD - DUBLIN BOULEVARD TO CENTRAL P ARKW A Y
WHEREAS, the Lin Family and the Sierra Land Development Corporation entered into an
Improvement Agreement with the City of Dublin on July 18, 2006 to construct roadway improvements for
Fallon Road - Dublin Boulevard to Central Parkway, in accordance with the approved plans; and
WHEREAS, improvements associated with Fallon Road - Dublin Boulevard to Central Parkway,
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 Fallon Road -
Dublin Boulevard to Central Parkway; and
WHEREAS, the Performance Bond and the Labor and Materials Bond 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; 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. 720013S) in the amount of$610,000.00 be released; and
3. The original Labor and Materials Bond issued by Developers Surety and Indemnity
Company (Bond No. 720013S) in the amount of $610,000.00 be released; and
4. The submitted Maintenance Bond issued by Developers Surety and Indemnity Company
(Bond No. 720013S -M) in the amount of $152,500.00 be accepted as security for the
aforesaid one-year maintenance period, said period to commence on this date and terminate
on the 20th day of February, 2008.
Reso No. 15-07, Adopted 2/20/07, Item 4.4
Page 1 of2
PASSED, APPROVED AND ADOPTED this 20th day of February, 2007, by the following vote:
YES: Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
~\) )... \.'_\ . . S' Y'v.......,. ". ,
City Clerk
Reso No. 15-07, Adopted 2/20/07, Item 4.4
Page 2 of2