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HomeMy WebLinkAbout4.03 Positano Fallon Vlg Traffic Cont Deviceor 19 82 /ii � 111 DATE: TO: FROM: STAFF REPORT CITY COUNCIL March 19, 2013 Honorable Mayor and City Councilmembers Joni Pattillo City Manager""' CITY CLERK File #600 -60 SUBJECT: Acceptance of In -Tract Improvements for Tract 7855, Neighborhood "C -3 ", Positano/ Fallon Village (Braddock and Logan) and Approval of Regulatory Traffic Control Devices Prepared by Jayson Imai, Senior Civil Engineer EXECUTIVE SUMMARY: Dublin RE Investors, LLC, by Braddock and Logan Services, Inc. (Braddock and Logan), has completed the street improvements for Tract 7855, Neighborhood "C -3 ", Positano /Fallon Village in accordance with their Tract Improvement Agreement. It is now appropriate for the City to accept these improvements and approve the regulatory traffic control devices. FINANCIAL IMPACT: Braddock and Logan has provided warranty bonds (Bond No. 723855M, in the amount of $604,642.50 and Bond No. 723856M, in the amount of $111,010.00), issued by Insurance Developers Surety and Indemnity Company, to guarantee the street improvements associated with Tract 7855 for one year. Upon acceptance of the street improvements, the City will incur annualized maintenance costs estimated to be $33,000 for street sweeping and street lighting (monthly), slurry seal (every five years) and asphalt concrete pavement overlay (every 20 years). RECOMMENDATION: Staff recommends that the City Council adopt the Resolution accepting the Improvements for Tract 7855 and approving the Regulatory Traffic Control Devices. Submitted By Reviewed By Director of Community Development Assistant City Manager Page 1 of 3 ITEM NO. 4.3 DESCRIPTION: Dublin RE Investors, LLC, by Braddock and Logan Services, Inc. (Braddock and Logan), entered into an Improvement Agreement with the City of Dublin on August 17, 2010, for the construction of street and other tract improvements associated with Tract 7855, also known as Neighborhood "C -3" of the Positano development within the area covered by the Fallon Village Specific Plan. These improvements included construction of the streets internal to Neighborhood "C -3" as well as La Strada Drive between Valentano Drive and Montiano Lane. Braddock and Logan provided Performance Bonds and Labor & Materials Bonds to guarantee construction of the improvements. In April 2011, because Braddock and Logan had completed approximately 80% of required improvements, the City Council approved the partial release of these bonds to an amount equal to twenty five percent (25 %) of the original bond amounts. The tract improvements are now complete and the developer is requesting that the bonds for this work be released. Braddock and Logan has provided warranty bonds in the amount of $604,642.50 (Bond No. 723855M) and $111,010 (Bond No. 723856M) by Developers Surety and Indemnity Company. The bond amounts are equal to twenty five percent (25 %) of the full cost of completion of the improvements and are equivalent to the reduced bond amounts approved by City Council in April 2011. The following regulatory traffic control devices will be accepted and approved as part of this project and added to the City of Dublin Traffic Code: A. "STOP" signs and markings installed at the following intersections: • Moorjani Street and Ducale Way • Moorjani Street and Molinaro Way • Moorjani Street and Encanto Way • Avellina Drive and Molinaro Way • Avellina Drive and Encanto Way • Encanto Way at Haggerty Court • Encanto Way at Castello Court • Lattari Street and Valentano Drive • Valentano Drive and La Strada Drive Page 2 of 3 ORIGINAL AMOUNTS REDUCED AMOUNTS IMPROVEMENTS STATUS Performance Labor & Materials Performance Labor & Materials Bond Bond (Bond No.) (Bond No.) (Bond No.) (Bond No.) Neighborhood "C -3" $2,418,570 $2,418,570 $604,642.50 $604,642.50 To Be Internal Streets (723855S) (723855S) (723855S) (723855S) Released La Strada Drive $444,040 $444,040 $111,010 $111,010 To Be (723856S) (723856S) (723856S) (723856S) Released Braddock and Logan has provided warranty bonds in the amount of $604,642.50 (Bond No. 723855M) and $111,010 (Bond No. 723856M) by Developers Surety and Indemnity Company. The bond amounts are equal to twenty five percent (25 %) of the full cost of completion of the improvements and are equivalent to the reduced bond amounts approved by City Council in April 2011. The following regulatory traffic control devices will be accepted and approved as part of this project and added to the City of Dublin Traffic Code: A. "STOP" signs and markings installed at the following intersections: • Moorjani Street and Ducale Way • Moorjani Street and Molinaro Way • Moorjani Street and Encanto Way • Avellina Drive and Molinaro Way • Avellina Drive and Encanto Way • Encanto Way at Haggerty Court • Encanto Way at Castello Court • Lattari Street and Valentano Drive • Valentano Drive and La Strada Drive Page 2 of 3 NOTICING REQUIREMENTS /PUBLIC OUTREACH: A copy of this staff report has been sent to Braddock & Logan. ATTACHMENTS: 1. Reduced Copy of Tract 7855 2. 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R 222 C� -0 Ri 9 9 R NNP� 0i 8 0 4, o o- S—S- 40M. ap 4� of J LL N V) CN t1 'VW 92.6T Mil� 1711"ll Is 0 167( O/V . 0 , n-4 , " I ol6 6 ENS 33S ao d L ao -H _ " 0 CO cli LO o7i' ,s0�111 . . ......... 11 T 916£8 <p J7 00 zo Pei oa Hi 8-2 2 1 Bg O's Ing 5WP$ 4/ 0' -t -H 6V by ;� 1, — ^` CD -H z I W� 'o, C� -0 91 kb� 00 zo Pei oa Hi 8-2 2 1 Bg O's Ing 5WP$ 4/ 0' -t -H 6V z I W� 'o, 91 KAC7- M4P RAI a K U) f— SO Sq 1H 9 0 0#0 Co) 21 R R k\ AN, .69 Z 6? 14, 1116 S"W 3�tZ. -18 8 Po -!-,R am �� b W �— w n b 00 5 c5 21 R R k\ AN, .69 Z 6? 14, 1116 S"W 3�tZ. -18 8 Po -!-,R am �� b W �— w n b RESOLUTION NO. - 13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF IN -TRACT IMPROVEMENTS FOR TRACT 7855, NEIGHBORHOOD "C- 3", POSITANO/ FALLON VILLAGE (BRADDOCK AND LOGAN) AND APPROVAL OF REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, Dublin RE Investors, LLC, by Braddock and Logan Services, Inc. (Braddock and Logan), the developer of Tract 7855, previously entered into an Improvement Agreement dated August 17, 2010, Resolution No. 128 -10, with the City of Dublin, to complete in -tract improvements associated with Tract 7855, in accordance with plans on file with the City Engineer; and WHEREAS, the developer provided performance bonds and a labor and materials bonds, each in the amount of $ $2,418,570 for in -tract Improvements and $444,040 for improvements to La Strada Drive to guarantee the installation of these improvements; and WHEREAS, on April 5, 1011, Resolution No. 32 -11 was approved reducing the performance bonds and labor and materials bonds to $604.642.50 for in -tract improvements and $111,010 for improvements to La Strada Drive; and WHEREAS, the improvements are complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the City Engineer, and WHEREAS, the performance bonds and labor and materials bonds can be released, in accordance with the authority contained in Section 66499.7 of the Government Code of the State of California, "Manner of Release of the Security," and replaced with a warranty bond to guarantee the completed work for a one -year period; and WHEREAS, Braddock and Logan, has provided warranty bonds in the amount of $604,642.50 and $111,010 issued by Developers Surety and Indemnity Company (Bond Nos. 723855M and 723856M) to guarantee the improvements for a one -year period. NOW, THEREFORE, BE IT RESOLVED that: 1. The in -tract improvements for Tract 7855 are hereby approved and accepted subject to a one -year guarantee period. 2. The original Performance Bond issued by Developers Surety and Indemnity Company (Bond No. 723855S) in the amount of $604,642.50 for the in -tract improvements be released. 3. The original Labor and Materials Bond issued by Developers Surety and Indemnity Company (Bond No. 723855S) in the amount of $604,642.50 for the in- tract improvements be released. 1 vote 4. The original Performance Bond issued by Developers Surety and Indemnity Company (Bond No. 723855S) in the amount of $111,010 for the improvements to La Strada Drive be released. 5. The original Labor and Materials Bond issued by Developers Surety and Indemnity Company (Bond No. 723855S) in the amount of $111,010 for the improvements to La Strada Drive be released. 6. The traffic regulatory devices installed by the developer within the development are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: A. "STOP" signs and markings installed at the following intersections: • Moorjani Street and Ducale Way • Moorjani Street and Molinaro Way • Moorjani Street and Encanto Way • Avellina Drive and Molinaro Way • Avellina Drive and Encanto Way • Encanto Way at Haggerty Court • Encanto Way at Castello Court • Lattari Street and Valentano Drive • Valentano Drive and La Strada Drive PASSED, APPROVED AND ADOPTED this 19th day of March, 2013, by the following AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk 3 Mayor