HomeMy WebLinkAboutReso 135-13 Schaefer Rch Unit 2 Tr 8000 RESOLUTION NO. 135 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING THE LANDSCAPE IMPROVEMENTS FOR
TRACT 8000 — SCHAEFER RANCH, UNIT 2
WHEREAS, Discovery Builders, dba Schaefer Ranch Holdings LLC, the developer of
Tract 8000, previously entered into a Landscape Improvement Agreement dated October 2,
2012, Resolution No. 172-12, with the City of Dublin, to complete Landscape Improvements
associated with Tract 8000, in accordance with plans on file with the City Engineer; and
WHEREAS, said Landscape Improvement Agreement was secured by Faithful
Performance and Labor & Materials bonds, each in the amount of $259,500.00 (Bond No.
1090078); 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 original bonds that guaranteed the improvements can be released, in
accordance with the authority contained in §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, Schaefer Ranch Holdings, LLC, has provided a warranty bond in the amount
of $64,875.00 issued by Lexon Insurance Company (Bond No. 1090078W) to guarantee the
improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The Landscape Improvements for Tract 8000 are hereby approved and accepted
subject to a one-year guarantee period; and
2. The original Faithful Performance Bond issued by Lexon Insurance Company
(Bond No. 1090078) in the amount of $259,500.00 for the Landscape
Improvements be released; and
3. The original Labor & Materials Bond issued by Lexon Insurance Company (Bond
No. 1090078) in the amount of $259,500.00 for the Landscape Improvements be
released.
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PASSED, APPROVED AND ADOPTED this 20th day of August, 2013, by the following
vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
p A .
Mayor
ATTEST:
City Clerk
Reso No. 135-13, Adopted 8-20-13, Item 4.3 Page 2 of 2