HomeMy WebLinkAboutReso 76-08 Verona Rear Yard Landsc
RESOLUTION NO. 76 - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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PARTIAL RELEASE OF SECURITY FOR TRACT 7283,
REAR YARD LANDSCAPING, VERONA
WHEREAS, the subdivider of Tract 7283, Pulte Homes, filed on April 26, 2005, in Book 281 of
Maps at Pages 11-19, previously entered into an Improvement Agreement for Rear Yard Landscaping
with the City of Dublin dated April 19, 2005, to improve said Tract in accordance with plans on file with
the City Engineer (Resolution 60-05); and
WHEREAS, the improvements for Tract 7283 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 S66499.7 of the Government Code of the State of
California.
NOW, THEREFORE, BE IT RESOLVED that:
1. The original Labor and Materials Bond issued by Arch Insurance Company in the amount
of $782,000 for the rear yard landscaping improvements (Bond No. SU5009519) be
released and replaced by a Labor and Materials Bond issued by Continental Insurance
Company in the amount of$195,500 (Bond No.929447890); and
2. The original Performance Bond issued by Arch Insurance Company in the amount of
$782,000 for the rear yard landscaping improvements (Bond No. SU5009519) be released
and replaced by a Labor and Materials Bond issued by Continental Insurance Company in
the amount of$195,500 (Bond No.929447890).
PASSED, APPROVED AND ADOPTED this 20th day of May, 2008, by the following vote:
AYES: Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
AT(t{ r0r
Deputy City Clerk
Reso No. 76-08, Adopted 5/20/08, Item 4.7
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