HomeMy WebLinkAboutReso 99-08 AccpImprvGrafton/CentralTrafSignal
RESOLUTION NO. 99 - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ACCEPTING IMPROVEMENTS AND APPROVING REGULATORY TRAFFIC CONTROL
DEVICE FOR THE GRAFTON STREET AND CENTRAL PARKWAY TRAFFIC SIGNAL
WHEREAS, The Lin Family and Sierra Land Development Corporation and the City of Dublin,
entered into an Improvement Agreement for Grafton Street from Central Parkway to Gleason Drive dated
June I, 2004, Resolution 86-04, to construct said roadway improvements in accordance with plans on file
with the City Engineer; and
WHEREAS, The Lin Family and Sierra Land Development Corporation assigned to Sorrento at
Dublin Ranch I LP, a California Limited Partnership, all rights and obligations to said Agreement as of
April 1, 2005; and
WHEREAS, the roadway improvements associated with Grafton Street from Central Parkway to
Gleason Drive are more than 80% complete and the Labor and Materials Bond and the Performance Bond
issued by Safeco Insurance Company of America in the amount of $1,171,000 for roadway improvements
(Bond No. 6321873) were reduced to an amount of $293,000 on October 2,2007, Resolution 178-07; and
WHEREAS, the Grafton 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, 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 S66499.7 of the Government Code of the State of California,
WHEREAS, the Grafton Street and Central Parkway traffic signal is a regulatory traffic control
device.
NOW, THEREFORE, BE IT RESOLVED that:
1. The Grafton Street and Central Parkway traffic signal improvements are hereby approved
and accepted subject to a one-year guarantee period; and
2. The submitted Warranty Bond issued by Safeco Insurance Company of America in the
amount of $60,000 (Bond No. 6515583) for the Grafton Street and Central Parkway traffic
signal improvements 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.
3. The Labor and Materials Bond issued by Safeco Insurance Company of America in the
amount of $293,000 for Grafton Street improvements (Bond No. 6321873) be reduced to
an amount of $260,000; and
Reso No. 99-08, Adopted 6/17/08, Item 4.13
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4. The Performance Bond issued by Safeco Insurance Company of America in the amount of
$293,000 for Grafton Street improvements (Bond No. 6321873) be reduced to an amount
of $260,000.
5. The traffic signal control at the intersection of Grafton 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
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Vice Mayor
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Deputy City Clerk
Reso No. 99-08, Adopted 6/17/08, Item 4.13
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