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HomeMy WebLinkAboutReso 34-09 Gleason Dr Accpt ImprovRESOLUTION N0.34 - 09 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF THE GLEASON DRIVE MEDIAN LANDSCAPE IMPROVEMENTS FOR TRACT 7282 WHEREAS, Lennar Homes of California, Inc., the developer of Tract 7282, previously entered into a Tract Improvement Agreement with the City of Dublin dated November 6, 2007, Resolution 195-07, to complete required improvements for said Tract in accordance with plans on file with the City Engineer; and WHEREAS, the improvements associated with Tract 7282 included the Gleason Drive median landscape improvements, which have been completed in accordance with the Gleason Drive Median Landscape Plans prepared by GLS Architects /Landscape Architects, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, said Tract Improvement Agreement is secured by bonds furnished by Arch Insurance Company in the amount of $122,000 for the Gleason Drive median landscape improvements (Bond No. SU5024136), conditioned upon faithful performance of said Agreement; and WHEREAS, said Tract Improvement Agreement is secured by bonds furnished by Arch Insurance Company in the amount of $122,000 for the Gleason Drive median landscape improvements (Bond No. SU5024136), conditioned upon payment for labor performed or material furnished under the terms of said Agreement; and WHEREAS, the Performance Bond, and the Labor and Materials Bond can be released, in accordance with the authority contained in §66499.7 of the Government Code of the State of California, and replaced with a Warranty Bond to guarantee the completed work for aone-year period following acceptance; and WHEREAS, Lennar Homes of California, Inc., has provided a Warranty Bond to guarantee the Gleason Drive median landscape improvements for aone-year period. NOW, THEREFORE, BE IT RESOLVED that: 1. The Gleason Drive median landscape improvements associated with Tract 7282 are hereby approved and accepted subject to a one-year guarantee period; and 2. The original Performance Bond issued by Arch Insurance Company in the amount of $122,000 for the Gleason Drive median landscape improvements (Bond No. SU5024136) be released; and Page 1 of 2 3. The original Labor and Materials Bond issued by Arch Insurance Company in the amount of $122,000 for the Gleason Drive median landscape improvements (Bond No. SU5024136) be released; and 4. The submitted Warranty Bond issued by Arch Insurance Company in the amount of $30,500 for the Gleason Drive median landscape improvements associated with Tract 7282 (Bond No. SU5024136-A) be accepted as security for the aforesaid one-year warranty period, said period to commence on this date and terminate on the 7th day of April, 2010. PASSED, APPROVED AND ADOPTED this 7th day of April, 2009, by the following vote: YES: Councilmembers, Biddle, Hildenbrand, Scholz, and Mayor Sbranti NOES: None ABSENT: Councilmember Hart ABSTAIN: None v Mayor ATT T: ~' City Clerk Reso No. 34-09, Adopted 4-7-09, Item 4.2 Page Z of 2