HomeMy WebLinkAbout4.05 Fallon Rd Offsite Backbone Util
RESOLUTION NO. - 08
Ir;\J
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTANCE OF FALLON ROAD OFFSITE BACKBONE UTILITIES FOR TRACT 7586
(BRADDOCK AND LOGAN)
WHEREAS, Dublin RE Investors, LLC, the developer of Tract 7586, previously entered into an
Improvement Agreement dated June 5, 2007, Resolution No. 76-07, with the City of Dublin, to complete
Fallon Road Offsite Backbone Utilities in accordance with plans on file with the City Engineer; and
WHEREAS, the developer provided a performance bond and a labor and materials bond, each in
the amount of$1,195,000, to guarantee the installation of these improvements; and
WHEREAS, the improvements are complete in accordance with said plans, and any approved
modifications thereto, to the satisfaction ofthe City Engineer, and
WHEREAS, the performance bond and labor and materials bond 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 warranty bond to guarantee the completed work for a one-year period; and
WHEREAS, Dublin RE Investors, LLC, has provided a warranty bond to guarantee the
improvements for a one-year period;
NOW, THEREFORE, BE IT RESOLVED that:
1. The Fallon Road Offsite Backbone Utilities for Tract 7586 are hereby approved and
accepted subject to a one-year guarantee period.
2. The original Performance Bond issued by Insurance Company of the West (Bond No. 220
9773) in the amount of$1,195,000 be released.
3. The original Labor and Material Bond issued by Insurance Company of the West (Bond
No. 2209773) in the amount of$1,195,000 be released.
PASSED, APPROVED AND ADOPTED this 20th day of May, 2008, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
City Clerk
Mayor
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