HomeMy WebLinkAbout4.03 PM7250 GMAuto AIand $250,000 to guarantee improvements. Now that the work is complete, these bonds may be released
in accordance with the authority contained in §66499.7 of the Government Code, and replaced with
Maintenance Bonds in amounts necessary to guarantee against defects for a one-year period following
acceptance of the work. The developer has now provided Maintenance Bonds of $250,000 and $125,000,
which are 25% of the original Performance Bond amounts for the improvements, and which are sufficient
to guarantee the one-year period upon acceptance.
Staff recommends that the City Council adopt the resolution accepting improvements for Tract 7250,
General Motors AutoMall and John Monego Court.
RESOLUTION NO. - 03
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF IMPROVEMENTS FOR PARCEL MAP 7250,
GENERAL MOTORS AUTOMALL AND JOHN MONEGO COURT
(ARGONAUT HOLDINGS, INC.)
WHEREAS, the subdivider of Parcel Map 7250, filed on December 23, 1998, Recorder Series No.
98-449709, in Book 243 of Parcel Maps at Pages 74 through 81, previously entered into an agreement
with the City of Dublin to construct certain improvements required to be completed with said Parcel Map
in accordance with plans and specifications on file with the City Engineer, said identified as follows:
a) Subdivider: Argonaut Holdings, Inc.
b) Parcel Map Location: Bordered by Tassajara Creek, Tasajara Road, 1-580
and Dublin Boulevard
c) Parcel Map Size: Parcel 1: 3.131 acres
Parcel 2: 2.803 acres
Parcel 3: 7.548 acres
Parcel 4: 33.342 acres
d) Resolution Approving Agreement: 164-98, City of Dublin City Council
e) City Streets Affected: John Monego Court
WHEREAS, the improvements associated with Parcel Map 7250 are complete in accordance
with said plans and specifications, and any approved modifications thereto, to the satisfaction of the City
Engineer; 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 Parcel Map are hereby approved and accepted
subject to a one-year guarantee period; and
2. The original Faithful Performance Bond issued by National Fire Insurance Company of
Hartford (Bond No. 9080974) in the amount of $1,000,000.00 be released; and
3. The original Labor and Materials Bond issued by National Fire Insurance Company of
Hartford (Bond No. 9080974) in the amount of $500,000.00 be released; and
4. The original Faithful Performance Bond iSsued by National Fire Insurance Company of
Hartford (Bond No. 9090561) in the amount of $500,000.00 be released; and
5. The original Labor and Materials Bond issued by National Fire Insurance Company of
Hartford (Bond No. 9090561) in the amount of $250,000.00 be released; and
6. The submitted Maintenance Bond issued by Safeco Insurance Company of America (Bond
No. 6198854) in the amount of $250,000.00 be accepted as security for the aforesaid one-
year maintenance period, said period to commence on this date and terminate on the 4th
day of February, 2004; and
7. The submitted Maintenance Bond issued by Safeco Insurance Company of America (Bond
No.6198855) in the amount of $125,000.00 be accepted as security for the aforesaid one-
year maintenance period, said period to commence on this date and terminate on the 4th
day of February, 2004.
PASSED, APPROVED AND ADOPTED this 4th day of February, 2003.
AYE S:
NOES:
ABSENT:
ABSTAIN:
Mayor
ATTEST:
City Clerk
G:\DEVELOP\GM Mallkresoacpt_7250.doc
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FENCE AT FREEWAY
HYDROSEEDING EXPOSED
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NOTES (E) DISCHARGE CULVERT
/~ 1. GB--- DRAINAGE GRADE BREAK (HIGH POINT) OF TO CREEK.PER CREEK
FINISHED GRADES, IMPROVEMENT --
i~ 2, SEE SHEETS C1 AND C4 FOR ACTUAL FINISHED
GRADE ELEVATIONS. , I ,
3, COORDINATE SITE WORK w/ FUTURE DEVELOPMENTS
BY "KOLL PROPERTIES" TO THE EAST,
-~ - FINISH GRADING SHOWING DRAINAGE FLOW PATTERNS
WG 1 "=100'-