HomeMy WebLinkAboutReso 30-14 Connolly Station MP 10027 RESOLUTION NO. 30 - 14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF TRACT IMPROVEMENTS FOR PARCEL MAP 10027, CONNOLLY
STATION AND APPROVAL OF REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, Essex Property Trust Inc_, the developer of Parcel Map 10027, previously
entered into a Tract Improvement Agreement dated April 19, 2011, Resolution No. 41-11, with
the City of Dublin, to complete street improvements associated with Parcel Map 10027, in
accordance with plans on file with the City Engineer; and
WHEREAS, the developer originally provided a Faithful Performance Bond and a Labor
and Materials Bond issued by International Fidelity Insurance Company each in the amount of
$1,350,000.00 to guarantee the installation of these improvements; 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 developer has requested that the City keep the Faithful Performance
Bond issued by International Fidelity Insurance Company in the amount of$1,350,000.00 on file
to guarantee the improvements for a one-year period; and
WHEREAS, the Labor and Materials Bond can be released, in accordance with the
authority contained in Section 66499.7 of the Government Code of the State of California.
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements for Parcel Map 10027 are hereby approved and accepted
subject to a one-year guarantee period; and
2. The Labor and Materials Bond issued by International Fidelity Insurance Company
(Bond No. 0558354 in the amount of$1,350,000.00 for the tract improvements, be
released; and
3. The previously submitted Faithful Performance Bond in the amount of
$1,350,000.00 (Bond No. 0558354) issued by International Fidelity Insurance
Company for the Parcel Map 10027 improvements, be accepted as security for
the aforesaid one-year warranty period, said period to commence on this date and
terminate on the 18th day of March, 2015; and
4. The traffic regulatory devices installed by the developer within the development
are hereby included in the City of Dublin Traffic Code
Page 1 of 2
PASSED, APPROVED AND ADOPTED this 18th day of March, 2014, by the following
vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
212najts
Mayor
ATTEST:
Z.7 Mc'
City Clerk
Reso No. 30-14,Adopted 3-18-14, Item 4.6 Page 2 of 2