HomeMy WebLinkAbout4.02 DubRanL1Tr6956 AI B. Stop signs have been installed on the southerly approach of Newfields Lane at Oak Bluff
Lane, on the westerly approach of Oak Bluff Lane at North Dublin Ranch Drive, and on the
southerly approach of Sugarloaf Court at Oak Bluff Lane (Traffic Code Section 6.16.020).
At the time the City and Brookfield Chantemar, Inc., executed the contract for tract improvements, the
developer provided a Faithful Performance Bond in the amount of $978,043 and a Labor and Materials
Bond in the amount of $489,022 to guarantee performance of the work. Now that the work is complete,
the bonds may be released in accordance with the authority contained in §66499.7 of the Government
Code, and replaced with a Maintenance Bond in the amount necessary to guarantee for a one-year period
following acceptance of the work. The developer has provided a Maintenance Bond in the amount of
$244,511, which is 25% of the original Performance Bond amount, and which is sufficient to guarantee
the one-year period upon acceptance.
Staff recommends that the City Council adopt the Resolution accepting the improvements and approving
the regulatory traffic control devices installed for Tract 6956 "Chantemar", Dublin Ranch Neighborhood
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RESOLUTION NO. - 02
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF IMPROVEMENTS FOR TRACT 6956
(DUBLIN RANCH NEIGHBORHOOD L-l)
AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, the subdivider of Tract 6956, filed on June 21, 2000 in Book 251 of Maps at Pages
48 - 53, previously entered into an agreement with the City of Dublin to improve said Tract in accordance
with plans and spec ifications on file with the City Engineer, said Tract identified as follows:
a) Subdivider: Brookfield Chantemar, LLC, a California Corporation
(Brookfield Homes)
b) Tract Location: Northeast comer of North Dublin Ranch Drive and
Oak Bluff Lane
c) Tract Size: 91 Single-Family Lots
d) Resolution Approving Agreement: 66-00, City of Dublin City Council
e) City Streets Affected: Milbridge Court, Newfields Lane, Penwood Lane and
Sugarloaf Court
WHEREAS, improvements associated with Tract 6956 are complete in accordance with said plans
and specifications, and any approved modifications thereto, to the satisfaction of the City Engineer; and
WHEREAS, the developer has installed certain regulatory traffic control devices as a part of the
Tract improvements; and
WHEREAS, the original Performance Bond and 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 Maintenance Bond to guarantee maintenance of the completed work for a one-year
period following acceptance.
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within said Tract are hereby approved and accepted subject
to a one-year guarantee period; and
2. The traffic regulatory devices installed by the developer are hereby included in the City of
Dublin Traffic Code, said regulatory devices to include the following:
a) Newfields Lane, and Penwood Lane are designated as "Through Streets"
b) Stop control device installed at the southbound approach of Newfields Lane at
Oak Bluff Lane
c) Stop control device installed at the southbound approach of Sugarloaf Court at
Oak Bluff Lane
d) Stop control device installed at the westbound approach of Oak Bluff Lane at
North Dublin Ranch Drive
I.
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3. The original Faithful Performance Bond issued by American Home Assurance Company
(Bond No. 219010) in the amount of $978,043.00 be released; and
4. The original Labor and Materials Bond issued by American Home Assurance Company
(Bond No. 219010) in the amount of $489,022.00 be released; and
5. The submitted Maintenance Bond issued by American Home Assurance Company (Bond
NO. 219010) in the amount of $244,511.00 be accepted as security for the aforesaid one-
year maintenance period, said period to commence on this date and terminate on the 17th
day of December, 2003..
PASSED, APPROVED AND ADOPTED this 17th day of December, 2002.
AYE S:
NOES:
ABSENT:
ABSTAIN:
Mayor
ATTEST:
City Clerk
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