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HomeMy WebLinkAboutReso 95-10 Cenral Pkwy Accp ImprovRESOLUTION NO. 95 - 10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS FOR TRAFFIC SIGNAL AT CENTRAL PARKWAY AND FALLON ROAD WHEREAS, the Lin Famity and the Sierra Land Development Corporation entered into an improvement Agreement with the City of Dublin on June 21, 2005, to construct roadway improvements for Central Parkway - Lockhart Street to Falion Road and Failon Road - Central Parkway to Bent Tree Drive, including traffic signals on Central Parkway at Lockhart Street and at Fallon Road, in accordance with the approved plans; and WHEREAS, the roadway improvements associated with Central Parkway - Lockhart Street to Fallon Road and Fallon Road - Central Parkway to Bent Tree Drive, and the traffic signal improvements for the Central Parkway/Lockhart Street intersection were accepted by the City Council on November 21, 2006 with Resolution No. 218-06; and WHEREAS, the improvements for the traffic signal at Central Parkway/Fallon Road were not fully completed at the request of the City; and WHEREAS, Sierra Land Development Corporation Performance Bond provided Performance Bond and Labor & Materials Bond issued by Developers Surety and Indemnity Company dated June 1, 2005 (Bond No. 720007S) in the amount of $310,000.00 for the traffic signal improvements. These bonds were reduced to an amount of $80,000.00 on April 1, 2008 by Resolution No. 49-08; and WHEREAS, the traffic signals improvements for the Central Parkway/Fallon Road intersection are now complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the PerFormance Bond, and the Labor and Materials Bond can be partially released, in accordance with the authority contained in §66499.7 of the Government Code of the State of California. NOW, THEREFORE, BE IT RESOLVED that: 1. The improvements associated with the traffic signal at Central Parkway and Fallon Road 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: Page 1 of 3 a) Traffic signal at the intersection of Central Parkway and Fallon Road. b) "No Parking Anytime" traffic control devices on the north side of Central Parkway from Lockhart Street to a point 305' east of the easterly curbline of Lockhart Street. c) "No Parking Anytime" traffic control devices on the north side of Central Parkway from a point 740' east of the easterly curbline of Lockhart Street easterly a distance of 60'. d) "No Parking Anytime" traffic control devices on the north side of Central Parkway from Fallon Road to a point 455' feet west of the westerly curbline of Fallon Road e) "No Parking Anytime" traffic control devices on the south side of Central Parkway between Lockhart Street and Fallon Road. 3. The original Performance Bond issued by Developers Surety and Indemnity Company dated June 1, 2005 (Bond No. 720007S) in the amount of $310,000.00 (reduced to $80,000.00) for the traffic signal improvements at Central Parkway & Fallon Road be released; and 4. The Labor and Materials Bond issued by Developers Surety and Indemnity Company dated June 1, 2005 (Bond No. 720007S) in the amount of $310,000.00 (reduced to $80,000.00) for the traffic signal improvements at Central Parkway & Fallon Road be released; and 5. The submitted Warranty Bond issued by Developers Surety and Indemnity Company in the amount of $37,500.00 (Exhibit A to the Resolution) for the improvements associated with the traffic signal improvements at Central Parkway & Fallon Road (Bond No. 720007M) be accepted as security for the aforesaid one-year warranty period, said period to commence on this date and terminate on the 22nd day of June, 2011. PASSED, APPROVED AND ADOPTED this 22nd day of June, 2010, by the following vote: YES: Councilmembers Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None ~~ ,~~,~~ ~~ „"^^~ ~t}-1,/l.ik` Mayor AT ST: v--ti,~--_ ~-- ~''~"1 City Clerk Reso No. 95-10, Adopted 6-22-10, Item 4.11 Page 2 of 2