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HomeMy WebLinkAboutReso 108-03 JensenCorp SprtsGrd RESOLUTION NO. 108 - 03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTING IMPROVEMENTS TO DUBLIN SPORTS GROUNDS WHEREAS, Jcnsen Corporation entered into a contract with the City of Dublin to complete thc renovation of the Dublin Sports Grounds in accordance with plans and specifications on file with the City Engineer; and WHEREAS, said improvements have been completed in accordance with said plans and specifications, and any approved modifications thereof, to the satisfaction of said City Engineer of the City of Dublin; and WttEREAS, as a condition of said contract, Jensen Corporation is required to guarantee the improvements for a period of one year following acceptance of the work by the said City of Dubtin~ and WHEREAS, as improvements are now completed, the original performance bond security requirement can be reduced, in accordance with the authority contained in Section 66499.7 of the Government Code of the State of California, to an amount found necessary to guarantee maintenance of the completed work for the aforesaid one-year period; NOW, THEREFORE BE IT RESOLVED that: 1. The improvements completed within the said Facility, are hereby approved and accepted subject to the aforesaid one-year guarantee; and 2. The aforesaid performance bond security requirement may be reduced from the amount of $865,155 to the amount of $86,515 upon acceptance by Staff of the replacement maintenance bond as security for the aforesaid one-year maintenance period; and 3. The said original performance bond in the amount of $865,155 posted in connection with the work involved in the construction of said Facility be hereby released upon acceptance of said maintenance bond. PASSED, APPROVED AND ADOPTED this 3rd day of June 2003. AYES: Councilmembers McCormick, Oravetz, Sbranti and Zika, and Mayor Lockhart NOES: None ABSTAIN: None ATTEST: A I\ t~ Mayor Deputy City Clerk G:\CC-MTGS~003-qtr2~Jun\6-03-03~reso-Dublin Sports Grounds.doc (Item 4.11)