HomeMy WebLinkAboutReso 146-11 Schaefer Rch Tr 6765RESOLUTION NO. 146 - 11
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ACCEPTANCE OF PHASE ONE IMPROVEMENTS FOR TRACT 6765,
SCHAEFER RANCH (SCHAEFER RANCH HOLDINGS, LLC)
AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, Schaefer Ranch Holdings LLC, the developer of Tract 6765, previously
entered into an Improvement Agreement with the City of Dublin to complete Phase One street
improvements associated with Tract 6765, in accordance with plans and specifications on file
with the City Engineer; and
WHEREAS, the street improvements are complete in accordance with said plans and
specifications, and any approved modifications thereto, to the satisfaction of the City Engineer;
and
WHEREAS, said Improvement Agreement as secured by faithful performance and
payment bonds each in the amounts of $3,508,900.00 (Bond No. 104757057) for the Phase
One improvements, issued by Travelers Casualty and Surety Company of America, were
previously reduced to $877,225.00 by the City Council via Resolution No. 42-08 on March 18,
2008; and
WHEREAS, the developer secured the Improvement Agreement by providing rider
performance and payment bonds each in the amount of $877,225.00 (Bond No. 104757057) for
Phase One improvements, both issued by Travelers Casualty and Surety Company of America;
and
WHEREAS, the original reduced rider bonds that guaranteed the improvements can be
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 street improvements completed within said Tract are hereby accepted; and
2. All deficiency items have been addressed and no new items are anticipated; and
3. 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) "No Parking Anytime" signs installed on
• both sides of Dublin Boulevard between Schaefer Ranch Road and
Brigadoon Way
• both sides of Schaefer Ranch Road between Dublin Boulevard and the
City limit line north of Dublin Canyon Road
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b) STOP signs and markings installed at the intersection of Marshall Canyon
Drive and Dublin Boulevard ~
c) Traffic signal at the intersection of Dublin Boulevard and Schaefer Ranch
Road; and
4. The rider performance and payment bonds issued by Travelers Casualty and
Surety Company of America in the amounts of $877,225.00 (Bond No.
104757057) for Phase One improvements be released; and
5. The landscape performance and payment bonds issued by Travelers Casualty
and Surety Company of America in the amounts of $1,365,900.00 (Bond No.
104757060) be retained until completion of the improvements.
PASSED, APPROVED AND ADOPTED this 16th day of August, 2011, by the following
vote:
AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
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City Clerk
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Mayor
Reso No. 146-11, Adopted 8-16-11, Item 4.13 Page 1 of 2