HomeMy WebLinkAboutReso 101-93 TorreyPines AI RESOLUTION NO. 101-93
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS IN TRACT 6052
VILLAGE IV "TORREY PINES"
WHEREAS, the owner-subdivider of the aforesaid Tract previously entered into a
contract with the City of Dublin to improve said Tract in accordance with plans and specifications on
file with the City Engineer, said Tract identified as follows:
Subdivider: Standard Pacific of Northem California
Tract Location: Westerly of Dougherty Road; southerly of Fall Creek Road
Tract Size: 135 condominium lots
Resolution Approving Final Map: 11-90
City Streets Affected: None
WHEREAS, said improvements have been completed in accordance with said plans
and specifications, and any approved modifications thereof, to the satisfaction of the City Engineer of
the City of Dublin; and
WHEREAS, as a condition of said contract, the subdivider is required to guarantee
the improvements and to maintain the completed work for a period of one year following acceptance
of the work by said City of Dublin; and
WHEREAS, as the 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 said Tract be, and they are hereby
approved and accepted subject to the aforesaid one-year guarantee; and
2. The aforesaid original performance bond security requirement be reduced from
the amount of $532,300 to a revised security requirement in the amount of $133,075, upon acceptance
by Staff of the replacement maintenance bond in the said amount of $133,075, as security for the
aforesaid one-year guarantee period; and the Mayor of this Council be, and he is hereby authorized
and directed to execute said bond on behalf of the said City of Dublin; and
3. The said original performance bond in the amount of $532,300 posted in
connection with the work involved in the construction of said Tract be hereby released upon
acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED
AYES:
this 23rd day of August, 1993.
Councilmembers Burton, Houston, Howard, Moffatt
and Mayor Snyder
NOES: None
ABSENT: None
ATTEST:
a:C9394) laugust lreso605 2