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HomeMy WebLinkAboutReso 212-03 SonicDevImpAgmtRESOLUTION NO. 212 - 03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING THE IMPROVEMENT AGREEMENT FOR IMPROVEMENTS TO SCARLETT DRIVE (SONIC DEVELOPMENT, LLC, A NORTH CAROLINA LIMITED LIABILITY CO~ANY) WHEREAS, the public right-of-way for Scarlett Drive, in the incorporated territory of the City of Dublin, State of Cali£omia has been irrevocably dedicated to the public by Corde Development Corporation, a California Corporation, via an Irrevocable Offer of Dedication together with Grant of Easement for Public Services document recorded on October 9, 2003 (Series No. 2003602219); and WHEREAS, Sonic Development, LLC, has now executed and filed with the City of Dublin an Improvement Agreement to improve Scarlett Drive in accordance with the right'of-way ~dedicati°n documents, the improvement plans, and the specifications attached thereto; and WHEREAS, said Improvement Agreement is secured by a bond in the amount of $81,849.06 (Bond No. 104-144-619 issued by Travelers Casualty and Surety Company of America), conditioned upon faithful performance of said Agreement; and WHEREAS, said Improvement Agreement is secured by a bond in the amount of $81,849.06 (Bond No. 104-144-619 issued by Travelers Casualty and Surety Company of America), conditioned upon payment for labor performed or material furnished under the terms of said Agreement; NOW, THEREFORE, BE IT RESOLVED that said Agreement and bonds be and they are hereby approved, and the Mayor is hereby authorized by' the City Council to execute the Improvement Agreement. PASSED, APPROVED AND ADOPTED this 21st day of October, 2003. AYES: Councilmembers McCormick, Oravetz, Sbranti and Mayor Lockhart NOES: None ABSENT: ABSTAIN: Councilmember Zika None ATTEST: ~j.~~ g K2/G/10-21/03/reso-sonic-scarlett. doc (Item 8.1) G:\CC-MTGSL2003-qtr4\OctS10-21-03Xreso-sonic-scarlett-doc