HomeMy WebLinkAboutReso 46-08 Sorrento At Dublin Rch
RESOLUTION NO. 46 - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
PARTIAL RELEASE OF SECURITY FOR TRACT 7642,
SORRENTO AT DUBLIN RANCH, NEIGHBORHOOD 1
WHEREAS, the subdivider of Tract 7642, Sorrento at Dublin Ranch I, LP, a California Limited
Partnership, filed on July 7, 2006, in Book 291 of Maps at Pages 51-58, previously entered into a Tract
Improvement Agreement with the City of Dublin dated May 16, 2006, to improve said Tract in
accordance with plans on file with the City Engineer (Resolution 63-06); and
WHEREAS, the improvements for Tract 7642 are more than 80% complete in accordance with
said plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and
WHEREAS, the Performance Bond, and the Labor and Materials Bond can be partially released,
in accordance with the authority contained in ~66499.7 of the Government Code of the State of California;
NOW, THEREFORE, BE IT RESOLVED that:
1. The original Labor and Materials Bond issued by Fidelity and Deposit Company of
Maryland in the amount of $875,000 for the tract improvements (Bond No. 08840667) be
reduced to an amount of$219,000; and
2. The original Performance Bond issued by Fidelity and Deposit Company of Maryland in
the amount of $875,000 for the tract improvements (Bond No. 08840667) be reduced to an
amount of$219,000.
PASSED, APPROVED AND ADOPTED this 1 st day of April, 2008, by the following vote:
AYES: Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
~~~
RESOLUTION NO. 40 - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTANCE OF IMPROVEMENTS FOR PARCEL MAP 7892 AND APPROVING
REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, Surplus Property Authority of the County of Alameda, A Public Corporation, and
AvalonBay Communities, Inc., the subdivider of Parcel Map 7892, filed on April 14, 2005, in Map Book
280, at Pages 83-85, previously entered into an Improvement Agreement for Parcel Map 7892 with the
City of Dublin dated April 5, 2005, Resolution 53-05, to complete required improvements for said Parcel
Map in accordance with plans on file with the City Engineer; and
WHEREAS, the improvements associated with Parcel Map 7892 are complete in accordance with
said plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and
WHEREAS, certain regulatory traffic control devices have been installed as part of these
improvements; and
WHEREAS, the Performance Bond, and the Labor and Materials Bond 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 Warranty Bond to guarantee the completed work for a one-year period following
acceptance; and
WHEREAS, AvalonBay Communities, Inc., has provided a Warranty Bond to guarantee the
improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements associated with Parcel Map 7892 are hereby approved and accepted
subject to a one-year guarantee period; and
2. The original Performance Bond issued by Arch Insurance Company in the amount of
$2,057,200 for the improvements associated with Parcel Map 7892 (Bond No.
SUlO06064) be released; and
3. The original Labor and Materials Bond issued by Arch Insurance Company in the amount
of $2,057,200 for the improvements associated with Parcel Map 7892 (Bond No.
SU I 006064) be released; and
4. The submitted Warranty Bond issued by Travelers Casualty and Surety Company of
America in the amount of $514,300 for the improvements associated with Parcel Map 7892
(Bond No. 105058093) be accepted as security for the aforesaid one-year warranty period,
said period to commence on this date and terminate on the 4th day of March, 2009.
Reso No. 40-08, Adopted 3/18/08, Item 4.4
Page 1 of2
5. The regulatory traffic control devices installed as part of the improvements associated with
Parcel Map 7892 are hereby included in the City of Dublin Traffic Code, said regulatory
devices to include the following:
a) Stop Sign eastbound on Altamirano Avenue at Arnold Road.
b) Stop Sign southbound on Campus Drive at Altamirano Avenue.
c) Four-way stop signs at the Iron Horse Parkway and Martinelli Way/Campbell
Green intersection.
d) Four-way stop signs at the DeMarcus Boulevard and Campbell Lane/Campbell
Green intersection.
e) Two hour parking limit between 7 AM and 6PM on both sides of Iron Horse
Parkway north of Martinelli Way.
f) No Parking on both sides of DeMarcus Boulevard north of Campbell Green
g) No Parking on both sides of Martinelli Way between Iron Horse Parkway and
Arnold Road
h) No Parking on both sides of Altamirano Avenue between Campus Drive and
Arnold Road.
i) No Parking on both sides of Campus Drive north of Altamirano Avenue.
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
AT~l tv
Deputy City Clerk
Reso No. 40-08, Adopted 3/18/08, Item 4.4
Page 2 of2