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HomeMy WebLinkAboutReso 170-07 AccpImprvTr7414TassCreekPh3 RESOLUTION NO. 170 - 07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS AND APPROVAL OF REGULATORY TRAFFIC CONTROL DEVICES ASSOCIATED WITH TRACT 7414, TASSAJARA CREEK PHASE III (GHC ROXBURY, LLC, A DELAWARE LIMITED LIABILITY COMPANY) WHEREAS, the subdivider of Tract 7414, filed on June 28, 2004, in Book 275 of Maps at Pages 66 - 80, previously entered into an Improvement 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: a) Developer: b) Tract Location: c) Tract Size: d) Resolution Approving Agreement: d) City Streets Affected: GHC Roxbury, LLC, a Delaware Limited Liability West of Tassajara Creek 108 Single-Family Lots, 1 Estate Lot No. 95-04, City of Dublin City Council None WHEREAS, the Maymont Lane Bridge and Somerset Lane Bridge improvements, as governed by two separate Improvement Agreements for Tract 7414 were completed and accepted by the City Council via Resolution No. 16-06 on February 21, 2006; and WHEREAS, the street improvements associated with Tract 7414 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 Performance Bonds and Labor and Materials Bonds that guaranteed the Street Improvements can be released, in accordance with the authority contained in Section ~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 street improvements completed within said Tract are hereby approved and accepted subject to a one-year guarantee period. 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) Hillbrook Place, Maymont Lane, and Somerset Lane are designated as "Private Streets. " Reso No. 170-07, Adopted 9/18/07, Item 4.5 Page 1 of 2 3. The original Performance Bond issued by Developers Surety and Indemnity Company (Bond No. 868716S) in the amount of $3,048,700.00 be released; and 4. The original Labor and Material Bond issued by Developers Surety and Indemnity Company (Bond No. 868716S) in the amount of $3,048,700.00 be released; and 5. The submitted Maintenance Bond issued by Developer's Surety and Indemnity Company (Bond No. 868716-M) in the amount of $762,175.00 be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 18th day of September, 2008, and PASSED, APPROVED AND ADOPTED this 18th day of September, 2007, by the following vote: A YES: Councilmembers Hildenbrand, Oravetz, Sbranti, Scholz and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: ~~ ~/C~~ Irierim City Clerk Reso No. 170-07, Adopted 9/18/07, Item 4.5 Page 2 of 2