HomeMy WebLinkAboutReso 70-07 IKEA Property Off Site Improv
RESOLUTION NO. 70 - 07
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTANCE OF IMPROVEMENTS ASSOCIATED WITH PARCEL MAP 7714
OFF-SITE IMPROVEMENTS FOR ARNOLD ROAD AND MARTINELLI WAY
AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES
(IKEA PROPERTY, INC.)
WHEREAS, the developer of Parcel Map 7714, filed August 1,2001, in Book 260 for Parcel
Maps at Pages 30-33, previously entered into an Improvement Agreement with the City of Dublin to
improve said Parcel in accordance with plans and specifications on file with the Public Works Director,
said Parcel identified as follows:
a) Subdivider:
b) Parcel Location:
c) Parcel Size:
d) Resolution Approving Agreement:
e) City Streets Affected:
IKEA Property, Inc., A Delaware Corporation
West of Hacienda Drive, north ofl-580
Public Streets
No. 142-05, City of Dublin City Council
Arnold Road and Martinelli Way
WHEREAS, the Street Improvements associated with Parcel Map 7714 are complete in
accordance with said plans and specifications, and any approved modifications thereto, to the satisfaction
of the Public Works Director; and
WHEREAS, the developer has installed certain regulatory traffic control devices as part of the
Parcel Map improvements; and
WHEREAS, the original improvement Performance Bond and Labor and Materials Bond that
guaranteed the Street Improvements 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;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within said Parcel Map 7714 are hereby approved and
accepted subject to a one-year guarantee period; and
2. The traffic regulatory devices installed by the developer are hereby included in the City of
Dublin Traffic Code, said regulatory devices to include the following:
a) "No Parking Anytime" traffic control devices have been installed on both sides of
Arnold Road between Dublin Boulevard and future Altamirano Avenue/I-580
b) "No Parking Anytime" traffic control devices have been installed on both sides of
Martinelli Way between Arnold Road and Hacienda Drive
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3. The original Performance Bond issued by Travelers Casualty and Surety Company of
America (Bond No. 104121601) for improvements in the amount of $4,229,000.00 be
released; and
4. The original Labor and Material Bond issued by Travelers Casualty and Surety Company
of America (Bond No. 104121601) for improvements in the amount of $4,229,000.00 be
released; and
5. The submitted Maintenance Bond issued by Travelers Casualty and Surety Company of
America in the amount of$1,057,250.00 (Bond No. 104121601M) be accepted as security
for the aforesaid one-year maintenance period, said period to commence on this date and
terminate on the 15th day of May, 2008.
PASSED, APPROVED AND ADOPTED this 15th day of May, 2007, by the following vote:
AYES: Councilmembers Hildenbrant, Oravetz, Sbranti and Mayor Lockhart
NOES: None
ABSENT: Councilmember Scholz
ABSTAIN: None
ATffiST~
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CC-MTGS/5-15-07/Reso 70-07 PM 7714 4.6
G:\DEVELOPMENT, PRIV ATE\IKEA\resoacpt_7714.doc
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