HomeMy WebLinkAboutReso 058-84 TrafSignalAlcostaSR RESOLUTION NO. 58-84
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING THE CONSENT AND RELEASE AGREEMENT FOR CONTRIBUTION TO
THE ALCOSTA/SAN RAMON TRAFFIC SIGNAL
WHEREAS, As a condition of approval for Tract 4413 (now
4668) on February 19, 1980 the subdivider was to contribute one
fourth of the cost of signalization at Alcosta Boulevard and San
Ramon Road; and
WHEREAS, Alameda County established this amount to be
$25,000 and accepted security for this $25,000; and
WHEREAS, the security (a Time Certificate of Deposit)
has now matured; and
WHEREAS, the cost estimate of the signa~installation
has increased over time because of monetary inflation; and
WHEREAS, it is in the best interest of the City of
Dublin to accept the $25,000 and invest it to offset the inflation
reduction of the fixed $25,000.
NOW, THEREFORE, BE IT RESOLVED THAT THE Dublin City
Council does hereby approve the "Consent and Release" agreement
and accept $25,000 for future signalization of the Alcosta
Boulevard/San Ramon Road traffic signal and does hereby authorize
the Mayor of the City of Dublin to sign the agreement on behalf of
the City
PASSED, APPROVED AND ADOPTED this 25 th day of
June , 1984.
AYES: Councilmembers Hegarty, Jeffery, Moffatt,
Vonheeder an,~ Mayor Snyder
NOES:None
ABSENT: None ~~/~
ATT~