HomeMy WebLinkAboutReso 43-12 Dublin Blvd Wide Tr 6765
RESOLUTION NO. 43 - 12
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
PARTIAL ACCEPTANCE OF OFF-SITE IMPROVEMENTS (DUBLIN BOULEVARD
WIDENING) FOR TRACT 6765,
SCHAEFER RANCH (SCHAEFER RANCH HOLDINGS, LLC)
AND APPROVAL OF 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 off-site
improvements associated with Tract 6765, in accordance with plans and specifications on file
with the City Engineer; and
WHEREAS, the work governed by the Improvement Agreement is composed of two
separate off-site projects, the Dublin Boulevard Widening project and the Dublin Canyon Road
Intersection Improvements project; and
WHEREAS, the Dublin Boulevard Widening improvements are complete in accordance
with said plans and specifications, and any approved modifications thereto, to the satisfaction of
the City Engineer; and
WHEREAS, the Dublin Canyon Road improvements are not complete and are not being
accepted at this time; and
WHEREAS, the developer secured the Improvement Agreement by providing
performance and payment bonds each in the amount of $4,364,500.00 (Bond No. 104757059)
for off-site improvements, both issued by Travelers Casualty and Surety Company of America;
and
WHEREAS, the original bonds that- guaranteed the improvements can be released, in
accordance with the authority contained in 966499.7 of the Government Code of the State of
California; and
WHEREAS, the developer has provided replacement performance and payment bonds
each in the amount of $1,440,200.00 (Bond No. 070012079) to secure the remaining Dublin
Canyon Road work; and
WHEREAS, Schaefer Ranch Holdings LLC, has provided a warranty bond in the amount
of $731,075.00, issued by Travelers Casualty and Surety Company of America (Bond No.
10475059-W) to guarantee the Dublin Boulevard Widening improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The Dublin Boulevard Widening improvements are h~reby approved and accepted
subject to a one-year guarantee period.
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2. The Dublin Canyon Road improvements are not complete and are hereby not
approved.
3. The performance and payment bonds issued by Travelers Casualty and Surety
Company of America in the amounts of $4,364,500.00 (Bond No. 104757059) for
off-site improvements be released.
4. The performance and payment bonds issued by Liberty Mutual in the amounts of
$1,440,200.00 (Bond No. 70012079) be retained until completion of the Dublin
Canyon Road improvements.
5. 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 Hansen Drive and the western project limit.
b) Traffic signal at the intersection of Dublin Boulevard and Silvergate Drive.
PASSED, APPROVED AND ADOPTED this 17th day of April, 2012, by the following
vote:
AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
C~ {(? [;4-
. City Clerk
~~~
Mayor
Reso No. 43-12, Adopted 4-17-12, Item 4.2
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