HomeMy WebLinkAboutReso 160-07 Improv Agmt Traffic Sig Dublin Blvd
RESOLUTION NO. 160 - 07
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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APPROVING THE IMPROVEMENT AGREEMENT WITH THE LIN FAMILY AND THE SIERRA
LAND DEVELOPMENT CORPORATION FOR TRAFFIC SIGNALS AT DUBLIN BOULEVARD &
FALLON ROAD AND DUBLIN BOULEVARD & LOCKHART STREET
WHEREAS, the Un 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 Dublin Boulevard from Lockhart Street to Fallon Road, and for Fallon Road from Dublin Boulevard to
1-580, in accordance with the approved plans; and
WHEREAS, the City has requested that the Un Family not complete the traffic signal portion of
the Improvements for Dublin Boulevard from Lockhart Street to Fallon Road and for Fallon Road from
Dublin Boulevard to 1-580 until the City has completed the 1-580/Fallon Road Interchange Project; and
WHEREAS, the Un Family and the Sierra Land Development Corporation have executed and
filed with the City of Dublin an Improvement Agreement to install said traffic signal improvements at
Dublin Boulevard & Fallon Road and Dublin Boulevard & Lockhart Street in accordance with approved
improvement plans and City schedule; and
WHEREAS, said Improvement Agreement is secured by a bond furnished by Developers Surety
and Indemnity Company in the amount of $590,000 (Bond No. 721233S), conditioned upon faithful
performance of said Agreement; and
WHEREAS, said Improvement Agreement is secured by a bond furnished by Developers Surety
and Indemnity Company in the amount of $590,000 (Bond No. 721233S), conditioned upon payment for
labor performed or material furnished under the terms of said Agreement;
NOW, THEREFORE, BE IT RESOLVED that said Improvement Agreement, attached hereto
as Exhibit "A," is hereby approved.
BE IT FURTHER RESOLVED that the Mayor is hereby authorized by the City Council to
execute said Improvement Agreement.
PASSED, APPROVED AND ADOPTED this 4th day of September, 2007.
AYES: Councilrnernbers Hildenbrand, Oravetz, Sbranti, Scholz and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: ~
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/Interirn City Clerk