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HomeMy WebLinkAboutReso 36-11 Positano Accpt Improv Tr 7853RESOLUTION NO. 36 -11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IN-TRACT IMPROVEMENTS FOR TRACT 7853, NEIGHBORHOOD "A ", POSITANO/ FALLON VILLAGE (BRADDOCK AND LOGAN) AND APPROVAL OF REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, Braddock and Logan Group II, L. P., the developer of Tract 7853, previously entered into an Improvement Agreement dated April 15, 2008, Resolution No. 56-08, with the City of Dublin, to complete in-tract improvements associated with Tract 7853, in accordance with ptans 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 $408,660, to guarantee the installation of these improvements; and WHEREAS, the improvements 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 a one-year period; and ~ WHEREAS, Braddock and Logan Group II, L. P., has provided a warranty bond in the amount of $408,660 issued by Insurance Company of the West (Bond No, 227 43 61A) to guarantee the improvements for a one-year period. NOW, THEREFORE, BE IT RESOLVED that: 1. The in-tract improvements 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 61) in the amount of $408,660 for the improvements be released. 3. The original Labor and Material Bond issued by Insurance Company of the West (Bond No. 227 43 61) in the amount of $408,660 for the improvements be released. Page 1 of 2 4. 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. STOP signs and markings have been installed at the following intersections • West Cantara Drive and Capistrello Street • La Strada Drive and Capistrello Street • West Cantara Drive and Scala Court • West Cantara Drive and La Vina Street • Capistrello Street and Amatrice Way • Capistrello Street and Va{erio Street • Amatrice Way and Valerio Street • West Cantara Drive and Valerio Street B. Interim STOP signs and markings have been installed at the following location (to be removed in the future when a traffic signal at this location is activated): • Positano Parkway and La Strada Drive PASSED, APPROVED AND ADOPTED this 19th day of April, 2011, by the following vote AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None ATTEST: ~` ~ City Clerk .t~... , Mayor Reso No. 36-11, Adopted 4-19-11, Item 4.5 Page 2 of 2