HomeMy WebLinkAboutReso 100-08 Sorrento Tr 7644 Rel Sec
RESOLUTION NO. 100 - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTING IMPROVEMENTS AND APPROVING REGULATORY TRAFFIC CONTROL
DEVICE FOR THE MONT ALCINO STREET AND CENTRAL P ARKW A Y TRAFFIC
SIGNAL, AND PARTIAL RELEASE OF SECURITY FOR TRACT 7644,
SORRENTO AT DUBLIN RANCH, NEIGHBORHOOD 3
WHEREAS, the subdivider of Tract 7644, Sorrento at Dublin Ranch I, LP, a California Limited
Partnership, filed on August 24, 2006, in Book 291 of Maps at Pages 83-86, previously entered into a
Tract Improvement Agreement with the City of Dublin dated August 1, 2006, Resolution 143-06, to
improve said Tract in accordance with plans on file with the City Engineer; and
WHEREAS, the Montalcino Street and Central Parkway traffic signal improvements, are
complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the
City Engineer; and
WHEREAS, the remaining improvements for Tract 7644 are more than 80% complete in
accordance with said plans, and any approved modifications thereto, to the satisfaction of the City
Engineer; and
WHEREAS, Sorrento at Dublin Ranch I, LP, has provided a Warranty Bond to guarantee the
Grafton Street and Central Parkway traffic signal improvements for a one-year period; and
WHEREAS, the Performance Bond, and the Labor and Materials Bond can be partially released,
in accordance with the authority contained in 966499.7 of the Government Code of the State of California;
and
WHEREAS, the Monta1cino Street and Central Parkway traffic signal is a regulatory traffic
control device.
NOW, THEREFORE, BE IT RESOLVED that:
1. The Montalcino Street and Central Parkway traffic signal improvements installed as part of
the Tract 7644 project are hereby approved and accepted subject to a one-year guarantee
period; and
2. The submitted Warranty Bond issued by Fidelity and Deposit Company of Maryland in the
amount of $60,000 (Bond No. 08840690M) for the Montalcino Street and Central Parkway
traffic signal improvements as part of the Tract 7644 project be accepted as security for the
aforesaid one-year warranty period, said period to commence on this date and terminate on
the 17th day of June, 2009; and
3. The original Labor and Materials Bond issued by Fidelity and Deposit Company of
Maryland in the amount of $794,000 for the Tract 7644 improvements (Bond No.
08840690) be reduced to an amount of$116,000; and
Reso No. 100-08, Adopted 6/17/08, Item 4.13
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4. The original Performance Bond issued by Fidelity and Deposit Company of Maryland in
the amount of $794,000 for the Tract 7644 improvements (Bond No. 08840690) be
reduced to an amount of$116,000; and
5. The traffic signal control at the intersection of Montalcino Street and Central Parkway is
hereby included in the City of Dublin Traffic Code.
PASSED, APPROVED AND ADOPTED this 17th day of June, 2008, by the following vote:
AYES: Councilmembers Hildenbrand, Oravetz, and Scholz, and Vice Mayor Sbranti
NOES: None
ABSENT: Mayor Lockhart
ABSTAIN: None
0L Ahl.
Vice Mayor
ATTEST:/l
U?vv t. f W
Deputy City Clerk
Reso No. 100-08, Adopted 6/17/08, Item 4.13
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