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HomeMy WebLinkAboutReso 074-02 TDA PM7714 ACSPA RESOLUTION NO. 74 - 02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING NEW TRACT DEVELOPER AGREEMENT FOR PARCEL MAP 7714 (ALAMEDA COUNTY SURPLUS PROPERTY AUTHORITY) WHEREAS, the Final Parcel Map for Parcel 7714, in the incorporated territory of the City of Dublin, State of California, was approved by City Council on June 5th, 2001 (Resolution 01- 01), all in accordance with provisions of the Subdivision Map Act of the State of California and City of Dublin Municipal Code; and WHEREAS, the Developer, Commerce One, Inc., and the Alameda County Surplus Property Authority have executed and filed with the City of Dublin a contract to construct the improvements required by Final Parcel Map 7714 in accordance with Conditions of Approval for Final Parcel Map 7714; and WHEREAS, the Alameda County Surplus Property Authority now wishes for the City to accept the completed storm drain improvements, and replace the existing Tract Developer Agreement with a Tract Developer Agreement between the City and the landowner, Alameda County Surplus Project Authority; and WHEREAS, the current landowner, Alameda County Surplus Authority, has executed and filed with the City of Dublin a new Agreement to improve all offsite improvements for Digital Drive and Arnold Road in accordance with the Conditions of Approval for Final Parcel Map 7714, of which the Parcel improvement plans and specifications are attached thereto; and WHEREAS, said agreement is secured by cash payment to a City of Dublin escrow account to insure the satisfactory construction of all required public improvements. Required improvements include: construction of Digital Drive and extension of Arnold Road, sidewalk frontage improvements to Dublin Boulevard and Hacienda Drive, of which $2,567,800 for said improvements is conditioned upon faithful performance of said contract; and $2,567,800 for said improvements is conditioned for the benefit of laborers and materials upon the work and improvements, conditioned upon payment for labor performed and/or material furnished under the terms of said contract; NOW, THEREFORE, BE IT RESOLVED that said agreement and bond amounts be and they are hereby approved. PASSED, APPROVED AND ADOPTED this 4th day of June, 2002. AYES: Councilmembers McCormick, Oravetz, Sbranti and Zika and Mayor Lockhart NOES: None ABSENT: None .,~~,~ ABSTAIN: None ~ ~ [//I ~ C~rk K2/G/6-4-02/reso-7714.doc (Item 4.7) g:\develop\commerce one,new reso7714