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HomeMy WebLinkAboutReso 117-13 Positano Pkwy Traffic Sig RESOLUTION NO. 117- 13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTING THE OFF-SITE IMPROVEMENT FOR TRACT 8024; ACCEPTING THE TRAFFIC SIGNAL AT POSITANO PARKWAY AND VINTON AVENUE; APPROVING TRAFFIC SIGNAL MODIFICATIONS AT FALLON ROAD AND CENTRAL PARKWAY; AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES INSTALLED WITH THE OFF-SITE IMPROVEMENTS FOR TRACT 8024 JORDAN RANCH, PHASE ONE WHEREAS, RJP-ROF Jordan Ranch LLC, the Developer of Tract 8024, previously entered into a Tract Improvement Agreement, dated December 6, 2011, Resolution No. 203-11, with the City of Dublin to complete improvements for Tract 8024, including off-site improvements along Fallon Road and Positano Parkway, traffic signal modifications at the intersection of Central Parkway and Fallon Road and traffic signal installation at the intersection of Positano Parkway and Vinton Avenue in accordance with plans and specifications on file with the City Engineer; and WHEREAS, RJP-ROF Jordan Ranch LLC originally provided Faithful Performance and Labor & Materials Bonds issued by International Fidelity Insurance, each in the amount of $498,635 (Bond No. 0571492), to guarantee said improvements; and WHEREAS, the off-site improvements along Fallon Road and Positano Parkway are complete in accordance with said plans and specifications and any modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the traffic signal modifications at the intersection of Central Parkway and Fallon Road are complete in accordance with said plans and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the traffic signal installation at the intersection of Positano Parkway and Vinton Avenue is complete in accordance with said plans and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, certain traffic regulatory devices have been installed as part of the off-site improvements; and WHEREAS, the Faithful Performance and Labor & Materials Bonds that guaranteed the off-site improvements for Tract 8024 can be released in accordance with the authority contained in §66499.7 of the Government Code of the State of California and replaced with a Warranty Bond to guarantee the completed work against any defects for a one-year period following acceptance; and WHEREAS, BJP-ROF Jordan Ranch LLC, has provided a Warranty Bond in the amount of $498,635.00 issued by International Fidelity Insurance Company (Bond No. 0571492) to guarantee the improvements against defects for a one-year period; and Page 1 of 3 WHEREAS, the traffic signal modifications at the intersection of Fallon Road and Central Parkway is a regulatory traffic control device; and WHEREAS, the traffic signal at the intersection of Positano Parkway and Vinton Avenue is a regulatory traffic control device. NOW, THEREFORE, BE IT RESOLVED that: 1. The off-site improvements for Tract 8024 are hereby approved and accepted subject to a one-year guarantee period; and 2. The submitted Warranty Bond issued by International Fidelity Insurance Company in the amount of $498,635 (Bond No. 0571492) for the off-site improvements for Tract 8024, including the traffic signal at the intersection of Positano Parkway and Vinton Avenue, and the traffic signal modifications at the intersection of Central Parkway and Fallon Road, be accepted as security for the aforesaid one-year warranty period, said period to commence on this date and terminate on the 16th day of July, 2014; and 3. The original Faithful Performance Bond issued by International Fidelity Insurance Company (Bond No. 0571492) in the amount of $498,635 for the off-site improvements for Tract 8024, be released; and 4. The original Labor & Materials Bond issued by International Fidelity Insurance Company (Bond No. 0571492) in the amount of $498,635.00 for the off-site improvements for Tract 8024, be released; and 5. The regulatory traffic control devices installed by the developer within the City's right-of-way are hereby included in the City of Dublin Traffic Code, and said regulatory devices include the following: • Traffic signal at the intersection of Positano Parkway and Vinton Avenue • Traffic signal modifications at the intersection of Central Parkway and Fallon Road • "No Stopping Anytime" and "Do Not Pass" signs along Fallon Road between Dublin Boulevard and Positano Parkway Page 2 of 3 PASSED, APPROVED AND ADOPTED this 16th day of July, 2013, by the following vote: AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None JP A . Mayor ATTEST: awv e;dr City Clerk Reso No. 117-13,Adopted 7-16-13, Item 4.3 Page 3 of 3