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HomeMy WebLinkAboutReso 146-07 Accept Improv Tr 7327 RESOLUTION NO. 146-07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS FOR TRACT 7327 (DUBLIN RANCH AREA G, NEIGHBORHOOD H-2, PHASE 1) AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, the subdivider of Tract 7327, filed on November 25,2002, in Book 267 of Maps at Pages 69 - 72, previously entered into a Tract Developer Agreement with the City of Dublin to improve said Tract in accordance with plans and specifications on file with the Public Works Director, said Tract identified as follows: c) Tract Size: d) Resolution Approving Agreement: e) City Streets Affected: Toll-Dublin, LLC, a California Limited Partnership West of Keegan Street, south of Maguire Way and north of Dublin Boulevard 3 Lots, 626 Multi-Family Units No. 203-02, City of Dublin City Council None a) Subdivider: b) Tract Location: WHEREAS, the Street Improvements associated with Tract 7327 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 Tract improvements; and WHEREAS, the original improvement Performance Bonds and Labor and Materials Bonds 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 Tract are hereby approved and accepted subject to a one-year guarantee period; and 2. 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) Carnmore Place is designated as a "Private Street"; and 3. The original Performance Bond issued by The Continental Insurance Company (Bond No. 929269650) in the amount of $462,000.00 for site improvements be released; and Reso No. 146-07, Adopted 8/7/07, Item 4.8 Page 1 of2 4. The original Labor and Materials Bond issued by The Continental Insurance Company (Bond No. 929269650) in the amount of $462,000.00 for site improvements be released; and 5. The original Performance Bond issued by The Continental Insurance Company (Bond No. 929269651) in the amount of $372,000.00 for landscaping be released; and 6. The original Labor and Materials Bond issued by The Continental Insurance Company (Bond No. 929269651) in the amount of $372,000.00 for landscaping be released; and 7. The submitted Maintenance Bond issued by The Continental Insurance Company in the amount of $208,500.00 (Bond No. 929431914) be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 7th day of August, 2008. PASSED, APPROVED AND ADOPTED this 7th day of August, 2007, by the following vote: AYES: Councilmembers Hildenbrand, Oravetz, Sbranti, Scholz and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: ~t ~~~ / Interim City Clerk Reso No. 146-07, Adopted 8/7/07, Item 4.8 Page 2 of2