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HomeMy WebLinkAboutReso 228-02 DubRanL1Tr6956 AI RESOLUTION NO. 228 - 02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF IMPROVEMENTS FOR TRACT 6956 (DUBLIN RANCH NEIGHBORHOOD L-I) 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 specifications 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 1 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. AYES: Councilmembers McCormick, Oravetz, Sbranti and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: G:\CC-MTGSX2002-qtr 4\DEC\12-17-02~reso-accept 6956.doc (Item 4.2) G:~2)EVELOP~Dublin RanchXLl-brookfieldXresoacpt_6956.doc 2