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HomeMy WebLinkAboutReso 028-03 DubRanM3Tr6964 AI RESOLUTION NO. 28 - 03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF IMPROVEMENTS FOR TRACT 6964 (DUBLIN RANCH PHASE 1, NEIGHBORHOOD M-3) AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, the subdivider of Tract 6964, filed on August 5, 1999, in Book 247 of Maps at Pages 44 - 50, 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: Standard Pacific Corporation b) Tract Location: Southeast comer of South Dublin Ranch Drive and Tassajara Road c) Tract Size: 123 Single-Family Lots d) Resolution Approving Agreement: 102-99, City of Dublin City Council e) City Streets Affected: Tassajara Road WHEREAS, improvements associated with Tract 6964 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 aone-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) East Chesterfield Circle, Foxcroft Way, Georgetown Circle, Hm'twick Drive, Londonderry Drive, and West Chesterfield Circle are designated as "Private Streets." b) "No Parking Anytime" restriction on the south side of South Dublin Ranch Drive between Tassajara Road and easterly tract boundary; and 3. The original Performance Bond issued by American Insurance Company (Bond No. 111-3344-7117) in the amount of $1,228,300.00 be released; and 4. The original Labor and Materials Bond issued by American Insurance Company (Bond No. 111-3344-7117) in the amount of $614,150.00 be released; and 5. The submitted Maintenance Bond issued by American Insurance Company (Bond No. 111-3344-7117-M) in the amount of $307,075.00 be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 18th day of February, 2004. PASSED, APPROVED AND ADOPTED this 18th day of February, 2003 AYES: Councilmembers McCormick, Oravetz and Zika and Mayor Lockhart NOES: None ABSENT: Councilmember Sbranti ABSTAIN: None t~ayor / ~ty Clerkx'~ K2/G/2-18-03/reso-6964.doc (Item 4.13) G:~DEVELOP~Dublin Ranch\M3-Std Pacific 'Courtyards'\resoacpt_6964.doc 2