HomeMy WebLinkAboutReso 033-03 AI PM 7116, 7223 RESOLUTION NO. 33 - 03
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS FOR PARCEL MAPS 7116 AND 7223 "HACIENDA
CROSSING"AT OPUS WEST RETAIL PHASES I, II AND III
(OPUS WEST CONSTRUCTION CORPORATION)
WHEREAS, the subdivider of Parcel Map 7116 filed on October 1, 1997, in Book 232 of Parcet
Maps at Pages 53 - 56, and Parcel Map 7223 filed on February 10, 1998, in Book 234 of Parcel Maps at
Pages 45 - 48, previously entered into a Tract Developer Agreement with the City of Dublin to construct
improvements in accordance with plans and specifications on file with the City Engineer, said project
identified as follows:
a) Developer: Opus West Construction Corporation, a
Minnesota Corporation
b) Location: Southeast Corner of Dublin Boulevard and
Hacienda Drive
c) Resolution Approving Agreement: 150-97, City' Council of Dublin
d) City Streets Affected: Dublin Boulevard and Hacienda Drive
WHEREAS, the improvements associated with Parcel Maps 7116 and 7223 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 $4,656,921.36 Performance Bond and $2,328,460.68 Labor and
Materials Bond posted to guarantee the improvements associated with Parcel Map 7223 was reduced by
$300,000.00 each via City Council Resolution No. 222-02 adopted on December 3, 2002; and
WHEREAS, the remaining original $4,356,921.36 Performance Bond and $2,028,460.68 Labor
and Materials Bond posted to guarantee the improvements associated with Parcel Maps 7116 and 7223
can be released in accordance with the authority contained in §66499.7 of the Government Code of the
State of California; and
WHEREAS, the improvements are guaranteed by a Maintenance Bond issued by American
Insurance Company (Bond No. 929256012) in the amount of $75,000.00 and previously accepted via
City Council Resolution No. 222-02;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within Parcel Maps 7116 and 7223 are hereby approved and
accepted subject to a one-year guarantee period.
2. The original Performance Bond issued by American Insurance Company (Bond No.
11119418827) in the amount of $4,656,921.36, and reduced by $300,000.00 via City
Council Resolution No. 222-02, be fully released.
3. The original Labor and Materials Bond issued by American Insurance Company (Bond No.
1111941882) in the amount of $2,328,460.68, and reduced by $300,000.00 via City
Council Resolution No. 222-02, be fully released.
PASSED, APPROVED AND ADOPTED this 4th day of March, 2003.
AYES: Councilmembers McCormick, Oravetz, Sbranti and Zika and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
Mayor
ATTES~j~,~ ~
/ ~i~1e~
K2/G/3-4-03/reso7116&7223.doc (Item 4.5)
G:\DEVELOP\OPUSRETLkresoacpt PMs 7116 & 7223.doc