HomeMy WebLinkAboutReso 024-92 Bordeaus AI RESOLUTION NO. 24-92
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 5072 (BORDEAUX ESTATES)
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:
a) Subdivider: FIMSA West, successor to Hatfield/Investec
b) Tract Location: Northwesterly of Tract 4943, Southerly of Tract 5073
c) Tract Size: 26 single-family lots
d) Resolution Approving Final Map: No. 115-85
e) City Streets Affected: Rolling Hills Drive, Rothschild Place, Rothschild
Court
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 the 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 $437,000 to a revised security requirement in the amount of
$109,250, upon acceptance by Staff of the replacement maintenance bond in the said
amount of $109,250 as security for the aforesaid one-year guarantee period, and the
Mayor of this City Council be, and he is hereby authorized and directed to execute
the said bond on behalf of the said City of Dublin; and
3. Alameda County be notified that the said original performance bond in
the amount of $437,000 posted in connection with the work involved in the
construction of said Tract be hereby released upon acceptance of said maintenance
bond.
AYES:
PASSED, APPROVED AND ADOPTED this 9th day of March, 1992.
Councilmembers Burton, Howard, Jeffery, Moffatt and
Mayor Snyder
NOES: None
ABSENT: None
ayor
a: reso\ 5072acpt