HomeMy WebLinkAboutReso 05-09 Fallon Street ImprovRESOLUTION NO. 5- 09
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF FALCON ROAD OFFSITE STREET IMPROVEMENTS FROM BENT
TREE DRIVE TO CENTRAL PARKWAY, AND POSITANO PARKWAY IMPROVEMENTS
FROM FALCON ROAD TO LA STRADA DRIVE, AND APPROVING REGULATORY
TRAFFIC CONTROL DEVICES INSTALLED FOR TRACT 7853, POSITANO
(BRADDOCK AND LOGAN)
WHEREAS, Dublin RE Investors, LLC, the developer of Tract 7586, previously entered into an
Improvement Agreement dated May 20, 2008, Resolution No. 56-08, with the City of Dublin, to complete
street and tract improvements associated with Tract 7853, including Fallon Road Offsite Street
Improvements from Bent Tree Drive to Central Parkway, and Positano Parkway Improvements from
Fallon Road to La Strada Drive, 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 $1,445,110 for improvements to Fallon Road and $644,750 for improvements to Positano
Parkway to guarantee the installation of these improvements; and
WHEREAS, the improvements for Fallon Road and Positano Parkway are complete in accordance
with said plans, and any approved modifications thereto, to the satisfaction of the 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,
"Manner of Release of the Security," and replaced with a warranty bond to guarantee the completed work
for aone-year period; and
WHEREAS, Dublin RE Investors, LLC, has provided warranty bonds to guarantee the
improvements for aone-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The Fallon Road Offsite Street Improvements from Bent Tree Drive to Central Parkway,
and the Positano Parkway Improvements from Fallon Road to La Strada Drive, for Tract
7853, 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. 227
43 62) in the amount of $1,445,110 for the Fallon Road Improvements be released.
3. The original Labor and Material Bond issued by Insurance Company of the West (Bond
No. 227 43 62) in the amount of $1,445,110 for the Fallon Road Improvements be
released.
4. The original Performance Bond issued by Insurance Company of the West (Bond No. 227
43 60) in the amount of $644,750 for the Positano Parkway Improvements be released.
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5. The original Labor and Material Bond issued by Insurance Company of the West (Bond
No. 227 43 60) in the amount of $644,750 for the Positano Parkway Improvements be
released.
6. The traffic regulatory devices installed by the developer within the development are hereby
included in the City of Dublin Traffic Code, said regulatory devices to include the
following:
A. Traffic signals have been installed at the following intersections:
• Fallon Road and Positano Parkway
• Positano Parkway and West Cantara Drive
B. No parking restrictions have been installed on both sides of:
• Positano Parkway between Fallon Road and La Strada Drive
• Fallon Road between Bent Tree Drive and Central Parkway
PASSED, APPROVED AND ADOPTED this 6th day of January 6, 2009, by the following vote:
AYES: Councilmembers, Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: ~ ~'
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City Clerk
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Mayor
Reso No. 5-09, Adopted 1-6-09, Item 4.8 Page 2 of 2