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HomeMy WebLinkAboutReso 166-03 CalifHighlndTR5926RESOLUTION NO. 166 - 03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF IMPROVEMENTS FOR T~CT 5926 (CALIFORNIA HIGHLANDS), APPROVAL OF REGULATORY TRAFFIC CONTROL DEVICES, AND APPROVAL OF AMENDMENT NO. 1 TO THE AGREEMENT TO PRO~E SEC~Ty AND maI T-Or-ENTRV fOR INSTALLATION OF DRAINAGE I~ROVEMENTS WHEREAS, the subdivider of Tract 5926, filed on January 8, 1996, in Book 222 of Maps at Pages 71 - 84, previously entered into a Tract Developer Agreement with the City of Dublin on December 12,, 1995, to improve said Tract in accordance with plans and specifications on file with the City Engineer, said Tract identified as follows: a) Subdivider: b) Tract Location: c) Tract Size: d) Resolution Approving Final Map: e) City Streets Affected: KB Homes, Inc. (KB Homes), formerly Kaufman and Broad of Northern California Westerly terminus of Dublin Boulevard 246 multi-family units, 17 single-family units and approximately 170 acres of open space No. 148-95, City Council of Dublin Dublin Boulevard WHEREAS, the Tract improvements associated with Tract 5926 are complete 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 WHEREAS, the developer has installed certain traffic regulatory devices as a part of the Tract improvements; and WHEREAS, the original Performance Bond and Labor and Materials Bond referenced in the Tract Developer Agreement 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 Maintenance Bond to guarantee the completed work for a one-year period following acceptance; and WHEREAS, the City and the ~subdivider also entered into an Agreement to Provide Security and Right of Entry for Installation of Drainage Improvements for the California Highlands (City of Dublin Subdivision ii 5926) on November 5, 1998, an agreement that was subsequently recorded with the Alameda County Recorder as series No. 99012869 on January 12, 1999; and WHEREAS, the subdivider has asked that Amendment No. 1 to said.. Agreement be approved to extend the completion deadline until September 30, 2004, to revise the Improvement Security requirements, and to change the subdivider's contact information; and WHEREAS, the City Engineer has reviewed the subdivider's request, and determined that it is in the best interests of the City to approve the subdivider's request; and -1- WHEREAS, Amendment No. 1 hereby incorporates by reference all terms and conditions set forth in the original Agreement, and all terms and conditions which are not specifically modified by Amendment No. 1 shall remain in full force and effect; NOW, THEREFORE, BE IT RESOLVED that: The tract improvements associated with said Tract are hereby approved and accepted subject to a one-year guarantee. The traffic regulatory devices installed by the developer are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the follOwing: a. Bower Lane, Brigadoon Way, Cory Lane, Craigtown Lane, Dalmally Lane, Dulsie Lane, Eastertown Lane, Glengarr--y Lane, Ian Lane, McBride Lane, McKay Lane, McPeak Lane, Melvich Lane, Royshill Lane, Ruthven Lane, Somoway Lane and Wallace Lane are designated as "Private Streets." b. No Parking Restriction on both sides of Dublin Boulevard between the easterly tract boundary and the westerly terminus of Dublin Boulevard (Traffic Code Section 6.28.010). o The original Performance Bonds issued by The American Insurance Company (Bond Nos. 138045788 and 11127298245) in the amount of $3,600,000.00 be released. The original Payment Bonds issued by The American Insurance Company (Bond Nos. 138045788 and 11127298245) in the amount of $1,800,000.00 be released. The submitted Maintenance Bonds issued by American Casualty Company of Reading, PA, and the American Insurance Company (Bond Nos. 138045788 and 11127298245) in the amount of $900,000.00 for off-site improvements be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 5th day of August, 2004. BE IT FURTHER RESOLVED that: Amendment No. 1 to the Agreement to Provide Security and Right of Entry for Installation of Drainage Improvements for the California Highlands (City of Dublin Subdivision #5926) is hereby approved. The deadline for completion of the improvements governed by said Amendment No. 1 be extended until September 30, 2004. 3. The original Letter of Credit in the amount of $450,000.00 be released. The submitted Faithful Performance Bond and Labor. and Minerals. BgEd by Fidelity and Deposit Company of Maryland (Bond No. 08658047) in the amount of $116,164.50 be accepted as Improvement Security for said Amendment No. 1. -2- o The subdivider's contact person for issues related to this agreement be as specified in Amendment No. 1. BE IT FURTHER RESOLVED that the City Council hereby directs anal authorizes the City Manager to execute Amendment No. 1, and directs the City Clerk to record Amendment No. 1, along with a certified copy of this Resolution. PASSED, APPROVED AND ADOPTED this 5th day of AugUst, 2003. AYES: Councilmembers McCormick, Sbranti and Zika and Mayor Lockhart NOES: None ABSENT: Councilmember Oravetz ABSTAIN:' None ATTEST: U..... M~yor K2/G/8-5-03/reso-5926.doc (Item 4.10) GSDEVELOP\CA Highland~Resoacpt imp 5926.do¢ -3-