HomeMy WebLinkAboutReso 041-99 AI PM7042 Opus A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS CONSTRUCTED IN
PARCEL MAP 7042 (PORTION OF SANTA RITA DEVELOPMENT AREA)
OPUS CREEKSIDE BUSINESS PARK
WHEREAS, the owner-subdivider of the aforesaid Parcel Map previously entered into a contract
with the City of Dublin to improve said Parcel Map in accordance with the plans and specifications on file
with the City Engineer, said Parcel Map identified as follows:
Subdivider: OPUS Southwest Corporation
Location: Southerly of Gleason Drive, easterly of Arnold Road, and westerly
of Hacienda Drive.
Parcel Map Size: One commercial parcel
Resolution Approving Final .Map: 26-97
City Streets Affected: Gleason Drive, Arnold Road, Hacienda Drive (portions)
WHEREAS, said improvements have been completed in accordance with said plans and
specifications and any approved modifications thereof, to the satisfaction of the City Engineer of the City
of Dublin; and
WHEREAS, as a condition of said contract, the subdivider is required to guarantee the
improvements and to maintain the completed work for a period of one year following acceptance of the
work by the said City of Dublin; and
WHEREAs, as the improvements are now completed, 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:
The improvements completed within said Parcel Map be, and they are hereby approved
and accepted subject to the aforesaid one year guarantee; and
The aforesaid original performance bond security requirement be reduced from the amount
of $3,871,700 to a revised security requirement in the amount of $967,925 upon
acceptance by Staff of the replacement maintenance bond in the said amount of $967,925
as security for the aforesaid one year guarantee period, and the Mayor of this City Council
be, and he is hereby authorized and directed to execute said bond on behalf of the City of
Dublin; and
The original performance bond in the amount of $3,871,700 posted in connection with the
work involved in the construction of said Parcel Map is hereby released upon acceptance
of said maintenance bond.
PASSED, APPROVED~ ADOPTED this ] 6th day ~ofMarch; 1-999,~ ~: ~: ~--~ ' :. : ~:
AYES: Councilmembers Itoward, Lockhart, McCormick, Zika and Mayor Houston
NOES: None
AB SENT: None
ABSTAIN: None
ATTEST:
K~, G,'o-I 6-99/reso 7042
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Mayor