HomeMy WebLinkAboutReso 38-13 Fallon Rd Accpt Improv RESOLUTION NO. 38 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF OFF-SITE IMPROVEMENTS ON FALLON ROAD
FOR PARCEL MAP 10049 (BRADDOCK AND LOGAN)
WHEREAS, Dublin RE Investors, LLC, by Braddock and Logan Services, Inc. (Braddock
and Logan), the developer of Parcel Map 10049, previously entered into an Improvement
Agreement dated July 19, 2011, for the construction of off-site street improvements on Fallon
Road associated with Parcel Map 10049; and
WHEREAS, the developer provided a performance bond and labor and materials bond,
each in the amount of $448,680 for the Off-Site Improvements on Fallon Road to guarantee the
installation of these improvements; 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 a warranty bond in the amount of
$112,170 issued by Developers Surety and Indemnity Company (Bond No. 724215M) to
guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The off-site improvements on Fallon Road for Parcel Map 10049 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. 724215S) in the amount of $448,680 for the off-site
improvements on Fallon Road be released.
3. The original Labor and Material Bond issued by Developers Surety and Indemnity
Company (Bond No. 724215S) in the amount of $448,680 for the off-site
improvements on Fallon Road be released.
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PASSED, APPROVED AND ADOPTED this 19th day of March, 2013, by the following
vote:
AYES: Councilmembers Gupta, Hart, Haubert, and Mayor Pro Tern Biddle
NOES: None
ABSENT: Mayor Sbranti
ABSTAIN: None 6
Mayor Pro Tem Biddle
ATTEST:
City Clerk
Reso No. 38-13,Adopted 3-19-13, Item 4.10 Page 2 of 2