HomeMy WebLinkAboutReso 131-11 Sorrento East Tr 7656 Final MapRESOLUTION NO. 131 - 11
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
~*~*~****
APPROVING FINAL MAP AND TRACT'IMPROVEMENT AGREEMENT
FOR TRACT 7656, SORRENTO EAST-NEIGHBORHOOD 10
WHEREAS, the Final Map for Tract 7656, in the incorporated territory of the City of
Dublin, State of California, has been presented to this City Council for approval, all in
accordance with provisions of the Subdivision Map Act of the State of California and the City of
Dublin Municipal Code; and
WHEREAS, the Developer, Taylor Morrison of California, LLC, has executed and filed
with the City of Dublin a Tract Improvement Agreement for Tract 7656 to improve required
subdivision improvements in accordance with the Conditions of Approval for the Tentative Map,
and with the improvement plans attached thereto; and
WHEREAS, said Tract Improvement Agreement is secured by cash deposits in the
amount of $97,000 for the public Tract 7656 improvements, in the amount of $1,130,000 for the
private Tract 7656 improvements, and in the amount of $140,000 for the public Tract 7982
improvements with Tract 7656, conditioned upon faithful performance of said Agreement; and
WHEREAS, said Tract Improvement Agreement is secured by cash deposits in the
amount of $97,000 for the public Tract 7656 improvements, in the amount of $1,130,000 for the
private Tract 7656 improvements, and in the amount of $140,000 for the public Tract 7982
improvements with Tract 7656, conditioned upon payment for labor performed or material
furnished under the terms of said Agreement; and
WHEREAS, certain Covenant and Deed Restriction recorded in the Official Records of
Alameda County on March 3, 2011, as Instrument No. 2011-79727 imposed certain obligations
on the Owner with respect to securing the completion of improvements specified for Parcel 5 of
Tract 7982; and
WHEREAS, with respect to Parcel 5, sufficient security has been provided to ensure that
the obligations with re'spect to said Parcel 5 will be satisfied.
NOW, THEREFORE, BE IT RESOLVED that said agreement and cash deposits are
hereby approved.
BE IT FURTHER RESOLVED that the City Manager of the City of Dublin is hereby
authorized to execute the Release of Covenant and Deed Restriction with Respect to Parcel 5
of Tract 7982, attached hereto as Exhibit B.
. `
BE IT FURTHER RESOLVED that the City Manager of the City of Dubfin is hereby
authorized to execute said Tract Improvement Agreement, attached hereto as Exhibit A.
Page 1 of 2
BE IT FURTHER RESOLVED that the Final Map of Tract 7656 be and the same is
hereby approved, and that rights to the areas marked as Public Service Easement (PSE) and
Emergency Vehicle Access Easement (EVAE) offered for dedication to public use in conformity
with the terms of dedication be, and they are hereby accepted, subject to improvement; and
that the Clerk of this City Counci{ is hereby directed to transmit said Map to the County
Recorder for filing.
PASSED, APPROVED AND ADOPTED this 19th day of July, 2011, by the following
vote:
AYES: Councilmembers, Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
~~ .
Mayor
ATTES •
~ ~ ~-r'`~ ~
City Clerk
Reso No. 131-11, Adopted 7-19-11, Item 4.14 Page 2 of 2
°~ a~
CITY OF DUBLIN
TRACT IMPROVEMENT AGREEMENT
TRACT 7656
This agreement is made and entered into this day of , 2011, by and between
the CITY of Dublin, a municipal corporation, hereinafter referred to as "CITY`', and Taylor Morrison of.
California, LLC, a Cafifornia limited liability company,. hereinafter referred to as "DEVELOPER".
RECITALS
WHEREAS, it has been determined by the CITY Council of tFie CITY of Dublin, State of
California, that DEVELOPER, the subdivider of Tract No. 7656, desires to improve those
improvements (hereafter "The Improvements") required by City of Dublin Planning Commission
Resolution No. 10-09 adopted on March 9, 2010 for Tract 7893 and the improvement for removing the
left turn pocket and completing the median across the former Capoterra Way intersecfion including
the frontage curb & gutter, landscaping the Lockhart Street median between Palermo Way and
Central Parkway, and landscaping along the eastern frontage of Lockhart Street between the Park
entrance and Central Parkway, as required for Tract 7982 in accordance with the requirements and
conditions set forth in said resolution, the requirements of the Subdivision Map Act of the State of
California, the Subdivision Ordinance of the CITY, and those certain plans for said development
entitled; -
• Improvement Plans, Tract 7656, Sorrenfo East- Neighborhood 90, Phase 1 prepared by
Ruggeri-Jensen-Azar and signed by the City Engineer on , 2011;
v Laridscape Plans, Tract 7656, Sorrento East - Neighborhood 10, Phase 1 prepared by R3
Studios dated June 21, 2011 with any modificatio~s required for City approval;
• Joint Trench Composite & Sfreet Lighting P/ans for Tract 7656, Sorrento East - Neighborhood
10, Phase 1 prepared by RGA Design, LLC dated ,~2011 with any modifications
required for City approval;
v Improvement Plans, Tract 7982, Sorrento East prepared by MacKay & Somps and signed by
the City Engineer on March 15, 2011; ~
• Landscape Plans, Tract 7982, Sorrento East - Backbone Improvements prepared by R3
Studios dated May 12, 2011 with any modifications required for City approval;
• Joint Trench Composite & Street Lighting Plans for Sorrento East - Tract 7892 prepared by
RGA Design, LLC dated May 18, 2011 with any modifications required for City approval; and
now on file in the offce of the City Engineer, which are hereby referred to for a more definite and
distinct description of the work to be performed under this Agreement as though set forth at length
herein; _
WHEREAS, DEVELOPER intends to satisfactorily complete The Improvements within the time
hereinafter specified, and CITY intends to accept DEVELOPER's offer(s) of dedication of The
Improvements in consideration for DEVELOPER's satisfactory performance of the terms and
conditions of this Agreement; and
WHEREAS, CITY has determined that the portion of The Improvements that will be accepted
by the City as Public improvements are a public works subject to California prevailing wage
requirements:
NOW, THEREFORE, in consideration of the mutual promises, conditions and covenants
~ . .- - -- _---- --- -- - --- ~ --- -
fierein contained, the parties agree as follows: .
;EXHIBIT . .
To the Resolution
~ O~
1. Completion Time.
DEVELOPER shall complete said work not later than two years following said date of
execution. Time is of the essence in this Agreement. Upon completion, DEVELOPER shall furnish
CITY with a complete and reproducible set of final Record Drawings of The Improvements, including
any modifications made during construction.
2. Estirriated Cost of tmqrovements.
The estimated cost of constructing The Improvements required by this agreement is agreed to
be as foilows:
• Tract 7656 Public Improvements $ 97,000
~ Tract 7656 Private Improvements, Phase 1 - $1,130,000
• Tract 7982 Public Improvements constructed with Tract 7656 $. 140,000
Said amount includes costs and reasonable expenses and fees~which may be incurred in enforcing
the obligation secured. ~
Bonds Furnished.
Concurrently w'ith the execution of this Agreement, DEVELOFER shall furnish CITY with the
following security in a form satisfactory to~the CITY Attorney:
A. Faithful Performance. Either a cash deposit, a corporate surety bond issued by a
company duly and legally licensed to conduct a general surety business in the State of California, or
an instrument of credit equivalent to one hundred per cent (100%) of the estimate set forth in _.
Paragraph 2 and sufficient to assure CITY that The Improvements will be satisfactorily completed.
6. Labor and Materials. Either a cash deposit, a corporate surety bond issued by a
company duly and legally licensed to conduct a general surety business in the State of California, or
an instrument of credit equivalent to one-hundred per cent (100%) of the estimate set forth in
Paragraph 2 and sufficient to assure CITY that DEVELOPER'S contractors, subcontractors, and other
persons furnishing ~labor, materials, or equipment shall be paid therefor.
CITY shall be the sole indemnitee named on any instrument required by this Agreement. Any
instrument or deposit required herein shall conform with the provisions of Chapter 5 of the Subdivision
Map Act:
3. Insurance Required.
Prior to commencing construction of the improvements, DEVELOPER shall obtain or cause to
be obtained and filed with the CITY, all insurance required under this paragraph Prior to the
commencement of work under this Agreement, DEVELOPER's general contractor shall obtain or
cause to be obtained and filed with the Administrative Services Director, all insurance required under
this paragraph DEVELOPER shall not allow any contractor or subcontractor to commence work on
this contract or subcontract until all insurance required for DEVELOPER and DEVELOPER's general
contractor shall have been so obtained and approved. Said insurance shall be maintained in full force
and effect until the completion of work under this Agreement and the final acceptance thereof by
C1TY. All requirements herein provided shall appear either. in the body of the insurance policies or as
endorsements and shall specifically bind the~ insurance carrier.
2
~ a3
A. Minimum Scope of Insurance. Coverage shall be.at least as broad as:
1) Insurance Services Office form number GL 0002 (Ed. 1/73) covering
comprehensive General Liability and lnsurance Services Office form number GL 0404
covering Broad Form Comprehensive Ge~era4 Liabifity; or Insurance Services Offrce
Commercial General Liability coverage ("occurrence" form CG 0001.)
2) Insurance Services Office form number CA 0001 (Ed. 1/78) cove~ing ~
Automobile Liability, code 1"any auto" and endorsement CA 0025.
3) Workers' Compensation insurance as required by the Labor Code of the State
of California and Employers Liability Insurance.
B. Minimum Limits of Insurance. DEVELOPER shall maintain limits no less than:
1) General Liabilitv: $1,000,000 combined single limit per occurrence for bodify
injury, personal injury and property damage. If commercial General Liability Insurance
or other form wifh a gerieral aggregate IimiY is used, either the general aggregate limit
shall apply separately to this projecUlocation ar the general aggregate limit shall be
twice the required occurrence limit:
2) Automobile Liabilitv: $1,000,000 combined single limit per accident for bodily
injury and property damage.
3) Workers' Comqensation and Emplo rLers Liabilitv: Workers' compensation
limits as required by the Labor Code of the State of California, and Employers Liability
limits of $1,000,000 per accident.
~C. Deductibles and Self-Insurance Retentions. Any deductibles or self-insured
retentions must be declared to. and approved by the C17Y. At the option of the CITY, either
the insurer shall reduce or eliminate such d~ductibles or self-insured retentions as respects
the CITY, its officers, officials and employees; or the DEVELOPER shall procure a bond
guaranteeing payment of losses and related inves#igations, claim administration and defense
expenses. _
~ D. Other Insurance Provisions. The policies are to contain, or be endorsed to
contain, ~the following provisions: ' ,
1) General Liabilitv and Automobile Liabilitv Coveraqes.
a) The CITY, its officers; agents, officials, employees and volunteers shall
be named as additional insureds as respects: liability arising out of
activities pertormed by or on behalf of the DEVELOPER; products and
completed operations of the DEVELOPER; premises owned, occupied
or used by the DEVELOPER; or automobiles owned, leased, hired or
borrowed by the DEVELOPER. The coverage shalf contain no special
limitations on the scope of the protection afforded to the CITY, its
officers, officials, employees or volunteers.
b~ _ The DEVELOPER's insurance coverage shall be primary insurance as
respects the CITY, ifs officers, officials, employees and volunteers. Any
insurance o~ self-insurance maintained by the CITY, its officers, ofFicials,
3
I~o a3
employees or volunteers shall be excess of the DEVELOPER's .
insurance and shal! not contribute with it.
c) Any failure to comply with reporting provisions of the policies shall not
affect coverage provided to the CITY, its officers, officials, employees or
volunteers.
d) The DEVELOPER's irisurance shali apply separatety~to each insured
against whom claim is made or suit is brought, except with respect to
the limits of the insurer's liability. ~
2) Workers' Compensation and Employers Liabilitv CoveraQe.
The insurer shall agree to waive all rights of subrogation against the CITY, its
officers, officials, employees and volunteers for losses arising from work performed by
the DEVELOPER for the CITY.
3) AA Coverag.es.
Each insurance policy required by this clause shall be endorsed to state that
coverage shall not be suspended, voided, cancelled by either party, reduced in coverage or in
fimifs except after thirty (30) days' prior written notice by certifred mail, return receipt
requested, has been given to the CITY. ~
a) Acceptabilitv of Insurers. Insurance is to be placed with insurers with a
Bests' rating of no less than A:VII.
b)~ Verification of Coveraqe. DEVELOPER shall furnish CITY with
certificates of insurance and with original endorsements effecting
coverage required by this clause. The certificates and endorsements for
each insurance policy are to be signed by a person authorized by that
insurer to bind coverage on its behalf. The certificates and
. endorsements are to be received and approved by the CITY before
work commences. The CITY reserves the right to require complete,
certified copies of a!I required insurance policies, at any time.
c) Subcontractors. DEVELOPER and/or DEVELOPER's general
contractor shall include all subcontractors as insureds under. its policies
or shall obtain separate ce~tificates and endorsemenfs for each,
subcontractor. All coverages for subcontractors shall be subject to all of
the requirements stated herein.
4. Work Performance and Guarantee.
Except as otherwise expressly provided in this Agreement, and excepting only items of routine
maintenance, ordinary wear and tear and unusual abuse or neglect, DEVELOPER guarantees all
work executed bjr DEVELOPER and/or DEVELOPER's agents, and all supplies, materials and
devices of whatsne~[er nature incorporated in, or attached to the work, or otherwise delivered to CITY
as a part of the work pursuant to the Agreement, to be free of all defects of workmanship and
materials for a period of one (1) year after initial acceptance of the entire. work by CITY.
DEVELOPER shall repair or replace any or all such work or material, together with all or any other
work or materials which may be displaced or damaged in so doing, that may prave defective in
4
11 ~3
~
workmanship or material wifhiri said one-year guarantee period without expense or charge of any
nature whatsoever to CITY. DEVELOPER further covenants and agrees that when defects in
workmanship and materials actually appear during the one-year guarantee period, and have been
corrected, the guarantee period for the defected items shall automatically be extended for an
additional year from the date of the completion of the repair to insure that such defects have actually
been corrected.
In the event the DEVELOPER shall fail to comply with the conditions of the foregoing
guarantee within thirty (30) days time, after being notified of the defect in writing, or CITY shall have
the right, but shall not be obligated, to repair or obtain the repair of the defect, and DEVELOPER shall
pay to CITY on demand all costs and.expense of such repair. Notwithstanding anything herein to the
contrary, in the event that any defect in workmanship or material covered by the foregoing guarantee
results in a condition which constitutes an immediate hazard to the public health, safety, or welfa~e,
CITY shall have the right to immediately repair, or cause to be repaired, such defect, and
DEVELOPER shall pay to CITY on demand all costs and expense of such repair. The foregoing
statement relating to hazards to health and safety shall be deemed to include either temporary or
permanent repairs which may be required as determined in the sole discretion and judgment of CITY.
If CITY, at its sole option, makes or causes to be made the necessary repairs or replacements
or pertorms the necessary work, DEVELOPER shall pay, in addition to actual costs and expenses of
such repair or work, fifty percent (50%) of such costs and expenses for overhead, and interest at the
maximum rate of interest permitted by law, accruing thirty (30) days from the date of billing for such
work or repairs.. .
5. Inspection of the Work.
DEVELOPER shall guarantee free access to CITY through its City Engineer and designated
representative for the safe and convenient inspection of the work throughout its con'struction. Said
CITY representative shall have the authority to reject all materials and workmanship which are not in
.accordance with the plans and specifications, and all such materials and. or work shall be removed
promptly by DEVELOPER and replaced to the satisfaction of CITY without any expense to CITY in
strict accordance with the improvement plans and specifications.
6. Aqreement Assiqnment.
Ttiis Agreement shall not be assigned by DEVELOPER without the written consent of CITY,
which consent shall be granted or withheld in the manner described in Section 17 of the Developmenf
Agreement between fhe City of Dublin and Structured Lot Options l, LLC for Sor~ento East at Dublin
Ranch, dated August 7, 2007.
7. Abandonment of Work.
Neither DEVELOPER nor any of DEVELOPER's agents or contractors are or shall be
considered to be agents of CITY in connection with the pertormance of DEVELOPER's obligations
under.this Agreement.
If DEVELOPER .refuses or fails to obtain of the work, or any severable part thereof, or fails to
complete such work within the time specified herein, with such difigence as will insure its completion
within the time specified, or any extension thereof, or fails to obtain completion of said work within
such time, or if DEVELOPER should be adjudged as bankrupt, or should make a general assignment
for the benefit of DEVELOPER's creditors, or if a receiver should be appointed, or if DEVELOPER, or
any of DEVELOPER's contractors, subcontractors, agents or employees should violate any of the
~a a 3
provisions of this Agreement, the CITY through its City Engineer may serve written notice on
DEVELOPER and DEVELOPER's surety or holder of other. security of breach of this Agreement, or of
any portion, thereof, and default of DEVELOPER. .
In the event of any such notice of breach of this Agreement, DEVELOPER's surety shall have
the duty to take over and complete The Improveriments herein specified; provided, however, that if the
surety, within thirty (30) days after the serving upon it of such notice of breach, does not give CITY
written notice of its intention to take over the performance of the contract, and does not commence
performance thereof within thirty (30) days after notice to CITY of such election, CITY may take over
the work and prosecute the same to completion, by contract or by any other method CITY may deem
advisable, for the account and at the expense of DEVELOPER and DEVELOPER's surety shall be
liable to CITY for any damages and/or reasonable and documented excess costs occasioned by CITY
thereby; and, in such event, CITY, without liability for so doing, may take possession of, and utilize in
completing the work, such materials appliances, plant and other propertybelonging to DEVELOPER
as may be on the site of the work and necessary therefor.
All notices herein required shaA be in writing, and delivered in person or sent by registered
mail, postage prepaid.
Notices required to be given to CITY shall be addressed as follows:
Mark Lander, City Engineer -
City of Dublin
100 Civic Plaza
Dublin, CA 94568
Notices required to be given to DEVELOPER shall be addressed as follows:
Notices required to be given surety of DEVELOPER shall be addressed as follows:
Any party or the surety may change such address by notice in writing to the other party and
thereafter notices shall be addressed and transmitted to the new address. -
8. Use of Streets or Improvements.
At all times prior to the final acceptance of the work by CITY, the use of any or all streets and
improvements within the work to be performed under this Agreement shall be at the sole and
exclusive risk of DEVELOPER. The issuance of any building or occupancy permit by CITY for
dwellings located within the tract shall not be construed in any manner to constitute a partial or final
acceptance or approval of any or all such improvements by CITY.
13 a3
~
Safetv Devices.
DEVELOPER shall provide and maintain such guards, watchmen, fences, barriers, regulatory
signs, warning lights, and other safety devices adjacent to and on the tract site as may be necessary~
to prevent accidents to the pubtic and damage to the property. DEVELOPER shall furnish, place, and
maintain such lights as may be necessary for illuminating the said.fences, barriers, signs, and other
safety devices. At the end of all work to be performed under this Agreement, all fences, barriers,
regulatory signs, wacning ~lights,. and other safety devices (except such safety items as may be shown
on the plans and included in the items of work) shall be removed from site of the work by the
DEVELOPER, and the entire site left clean and order~y. .
10. Acceptance of Work.
Upon notice of the completion of The Irnprovements and the delivery of a set of final as-built
plans to C{TY by DEVELOPER, CITY, through its City Engineer or his designated representative, -
shall examine The Improvements without delay, and, if found to be in accordance with said plans and
specifications and this Agreement, and upon submittal of a warranty bond in the amount of 25% of the ~
estimated cost of'fhe Improvements that are within the Public right-of-way or Public easements, shall
recommend acceptance of the work to the City Council and, upon such acceptance, shall notify
DEVELOPER or his designated agents of such acceptance. City shall release any and all security
provided by DEVELOPER in the manner described in Section 66499.7 of the Subdivision Map Act.
[The City will not accept the Private Improvements and a warranty bond will not be needed for these
Improvements.] _ ,
11. Patent and Copvriqht Costs.
In the event that said plans and specifications require the use of any material, process or
publication which is subject to a duly registered patent or copynght, DEVELOPER shall be liable for,
and shall indemnify CITY from any fees, costs or,litigation expenses, including attorneys' fees and
court costs, which may result from the use of said patented or copyrighted material, process or
publication.
12. Alterations in Plans and Specifications:
Any alteration or alterations made in the plans and specifications which are a part of this
Agreement or any provision of this Agreement shall not operate to release any surety or sureties from
liability on.any bond or bonds attached.hereto and made a part hereof, and consent to make such
alterations is hereby given, and the sureties to said bonds hereby waive the provisions of Section
2819 of the Civil Code of the State of California.
13. Liability.
A. DEVELOPER Primarilv Liable. DEVELOPER hereby warrants that the design and
construction of The Improvements will not adversely affect any portion of adjacent properties
and that all work will be performed.in a proper manner. DEVELOPER agrees to indemnify,
defend, release, and save harmless CITY, and each of its elective a~d appointive boards,
commissions, officers agents and employees, from and against any and all loss, claims, suits,
liabilities, actions, damages, or causes of action of every kind, nature and description, directly
or indirectly arising from an act or omission of DEVELOPER, its employees, agents, or
independent contractors in connection with DEVELOPER'S actions and obligations hereunder;
provided as follows; ~
« 3
1) That CITY does not, and shall not, waive any rights against DEVELOPER
which it may have by reason of the aforesaid hold harmless agreement, because of the
acceptance by CITY, or the deposit with CITY by DEVELOPER, of any of the
insurance policies described in Paragraph 4 hereof.
2) That the aforesaid hold harmless agreement by DEVELOPER shall apply to
all damages and claims for damages of every kind suffered, or alleged to have been
suffered, by reason of any of the aforesaid operations referred to in this paragraph,
regardless of whether or not CITY has prepared; supplied, or approved of plans and/or
specifications for the subdivision, or regardless of whether or not such insurance
policies shall have been determined to be applicable to any of such damages or claims
for damages.
3) Desiqn Defect. If, in the opinion of the CITY, a design defect in the work of
improvement becomes apparent during the course of construction, or within one (1)
year following acceptance by the CITY of the improvements, and said design defect, in
the opinion of the CITY, may substantially impair the public health and safety,
DEVELOPER shall, upon order by the CITY, correct said design defect at his sole cost
and expense, and the sureties under the Faithful PerFormance and Labor and Materials
Bonds shall be liable to the CITY for the corrective work required.
4) Litiqation Expenses. In the event that legal action is instituted by either
party to this Agreement, and said action seeks damages for breach of this Agreement
or seeks to specifically enforce the terms of this Agreement, and, in the event judgment
is entered in said action, the prevailing party shall be entitled to recover its attorneys'
fees and court costs. If CITY is the prevailing party, CITY shalf also be entitled to
recover its attorney's fees and costs in any action against DEVELOPER's surety on the
bonds provided under paragraph 3. ~
14. Recitals.
The foregoing Recitals are true and correct and are made a part hereof.
8
IS ~ 3
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate at
Dublin, California, the day and year first above written.
CITY OF DUBLIN
By:
Mayor
ATTEST:
CITY Clerk
DEVELOPER .
Taylor Mor son of Ca ifornia, LLC
~
.
~
By:
Jim ' on, ' e resident; Land Resources
G;IDEVELOPMENT, PRIVATE1Dublin RanchlSorrento-EastlTract 7656-Neighborhood 101Tract 7656 Tract Improvement Agmeement .doc
16 a3
Recording ~equested by and when
recorded mail to:
City of Dublin
100 Civic Plaza
Dublin, CA 94568
Attn: City Clerk
EXEMPT FROM RECORDING FEES PER
GOVERNMENT CODE §§6103, 27383
Space above this line for Recorder's use.
RELEASE OF COVENANT AND DEED RESTRICTION
FOR PARCEL 5 OF TRACT 7982
WHEREAS, SR Structured Lot Options I, a Delaware limited liability company
("the Owner"), caused to be recorded in the Official Records of Alameda County that
certain Covenant and Deed Restriction ("the Covenant"), recorded on March 3, 2011,
as Instrument No. 2011-79727 and affecting the real property delineated as Parcels 1,
2, 3, 4, 5, 6, 7, 8, 9 and 10 of Tract Map 7982 recorded in the Official Records of
Alameda County on March 3, 2011, as Instrument No. 2011-79726 ("the Tract Map") in
order to secure completion of certain improvements required as conditions of the City of
Dublin's approval of the Tract Map; and
WHEREAS, said Covenant imposed certain obligations on the Owner with
respect to securing the completion of improvements specified for each of the ten
individual parcels created by the Tract Map; and
WHEREAS, Said Covenant provides that the City shall release the Covenant in
whole or in part as to one or more of the individual parcels upon the effectiveness of a
Tract Improvement Agreement and accompanying security relating to the parcels or to
any individual parcel; and ~
WHEREAS, with respect to said Parcel 5, the owner has entered into a Tract
Improvement Agreement and has provided sufficient security to ensure that it will satisfy
its obligations with respect to said Parcel 5; and
WHEREAS, Owner has requested, and City wishes to release the Covenant with
resepect to Parcel 5.
NOW THEREFORE, the City hereby releases the Covenant with respect to said
Parcel 5, except as otherwise provided herein, or in any other Release of Covenant and
Deed Description submitted by the City and recorded in the Official Records of Alameda
County, all other provisions of the Covenant shall remain in full force and effect.
EXHIBiT~
To the Resolution
17 a3
~
Dated: ' CITY,
City of Dublin,
a municipal corporation
By: Joni Pattillo
Its: City Manager
ATTEST:
By:
Its: City Clerk
SIGNATURES MUST BE NOTARIZED.
G:~DEVELOPMENT, PRIVATE\Dublin Ranch~Sorrento-EastlTract 7983-Neighborhood 11\Release of Covenant and Deed
Restriction.doc