HomeMy WebLinkAboutReso 139-14 Positano Reg Traffic Control Tr 8083 RESOLUTION NO. 139 - 14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF TRACT IMPROVEMENTS FOR TRACT 8083, NEIGHBORHOOD D-3,
POSITANO/ FALLON VILLAGE AND APPROVAL OF REGULATORY TRAFFIC CONTROL
DEVICES (D.R. HORTON BAY, INC.)
WHEREAS, D.R. Horton Bay, Inc., the developer of Tract 8083, previously entered into a
Tract Improvement Agreement dated December 6, 2011, Resolution No. 200-11, with the City
of Dublin, to complete tract improvements associated with Tract 8083, in accordance with plans
on file with the City Engineer; and
WHEREAS, the developer provided a Faithful Performance Bond and a Labor and
Materials Bond, each in the amount of $758,688.00 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, certain traffic regulatory devices have been installed as part of the tract
improvements; and
WHEREAS, the Faithful Performance Bond and 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, "Manner of Release of the Security," and replaced with a
Warranty Bond to guarantee the completed work for a one-year period; and
WHEREAS, D.R. Horton Bay, Inc., has provided a Warranty Bond in the amount of
$189,672.00, issued by Fidelity and Deposit Company of Maryland (Bond No. 09152790) to
guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 8083 are hereby approved and accepted subject
to a one-year guarantee period.
2. The submitted Warranty Bond issued by Fidelity and Deposit Company of
Maryland in the amount of $189,672.00 (Bond No. 09152790) for the tract
improvements for Tract 8083, be accepted as security for the aforesaid one-year
warranty period, said period to commence on this date and terminate on the 19th
day of August, 2015; and
3. The original Faithful Performance Bond issued by Fidelity and Deposit Company
of Maryland (Bond No. 09065396) in the amount of $758,688.00 for the tract
improvements be released.
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4. The original Labor and Materials Bond issued by Fidelity and Deposit Company of
Maryland (Bond No. 09065396) in the amount of $758,688.00 for the tract
improvements be released in accordance with the requirements of Section
66499.7 of the Government Code of the State of California.
5. The traffic regulatory devices installed by the developer within the development
are hereby included in the City of Dublin Traffic Code, said regulatory devices to
include the following:
A. "STOP" signs and markings installed at the following intersections:
• Avanti Avenue and Valentano Drive
• Palazzo Drive and Avanti Avenue
• Fortezza Street and Avanti Avenue
• Contrada Court and Fortezza Court
• Montese Court and Palazzo Drive
• Palazzo Drive and Valentano Drive
B. "NO PARKING" signs at the east side of Avanti Avenue between Forino Drive
and Fortezza Court
C. "15 MPH" curve left sign at the east side of Palazzo Drive near Montese Court
D. "15 MPH" curve right sign at the south side of Palazzo Drive between
Valentano Drive and Montese Court
PASSED, APPROVED AND ADOPTED this 19th day of August, 2014, by the following
vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
J�.
Mayor
ATTEST:
dt4 P.. ere-
City Clerk
Reso No. 139-14,Adopted 8-19-14, Item 4.11 Page 2 of 2