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HomeMy WebLinkAboutReso 43-08 Piazza Sorrento Accpt Improv RESOLUTION NO. 43 - 08 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTING IMPROVEMENTS TO PIAZZA SORRENTO (FORMALLY AREA F SQUARE) WHEREAS, Jensen Corporation entered into a contract with the City of Dublin to complete the construction of Piazza Sorrento (Formally Area F Square) in accordance with plans and specifications on file with the City Engineer; and WHEREAS, said improvements have been completed in accordance with said plans and specifications, and any approved modifications thereof, to the satisfaction of said City Engineer of the City of Dublin; and WHEREAS, as a condition of said contract, Jensen Corporation is required to guarantee the improvements for a period of one year following acceptance of the work by the said City of Dublin; and WHEREAS, as improvements are now completed, and the original performance bond security requirement can be reduced, in accordance with the authority contained in Section 66499.7 of the Government Code of the State of California, to an amount found necessary to guarantee maintenance of the completed work for the aforesaid one-year period. NOW, THEREFORE BE IT RESOLVED that: 1. The improvements are completed per plans and specifications except for minor punch list items, and the City Manager has the authority to approve and accept the improvements upon completion of the remaining punch list items subject to the aforesaid one-year guarantee; and 2. Upon approval and acceptance by the City Manager, the aforesaid performance bond security requirement may be reduced from the amount of $784,670.63 to the amount of $78,467 upon acceptance by Staff of the replacement maintenance bond as security for the aforesaid one- year maintenance period; and 3. Upon approval and acceptance by the City Manager, the said original performance bond in the amount of $784,670.63 posted in connection with the work involved in the construction of said Facility is hereby released upon acceptance of said maintenance bond. PASSED, APPROVED AND ADOPTED this 18th day of March, 2008, by the following vote: AYES: Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None AU: {t W Deputy City Clerk Reso No. 43-08, Adopted 3/18/08, Item 4.10 Page 1 of 1