HomeMy WebLinkAboutREso 140-14 Positano Reg Traffic Control Tr 8037 RESOLUTION NO. 140 - 14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF TRACT IMPROVEMENTS FOR TRACT 8037, NEIGHBORHOOD C-2,
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 8037, previously entered into a
Tract Improvement Agreement dated August 17, 2010, Resolution No. 125-10, with the City of
Dublin, to complete tract improvements associated with Tract 8037, 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, each in the amount of $1,711,380.00 to guarantee the installation of these
improvements; and
WHEREAS, the developer previously completed more than 80% of the required improvements
in accordance with said plan, to the satisfaction of the City Engineer; and
WHEREAS, the original Faithful Performance Bond and Labor and Materials Bond were
previously reduced by City Council Resolution No. 37-11 on April 19, 2011 to $427,845.00 each,
equal to 25% of the original bond amounts, to guarantee the installation of the remaining
improvements; and
WHEREAS, the improvements are now 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
$427,845.00, issued by Liberty Mutual Insurance Company (Bond No. 016059457) to guarantee the
improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 8037 are hereby approved and accepted subject to a
one-year guarantee period.
2. The submitted Warranty Bond issued by Liberty Mutual Insurance Company in the
amount of $427,845.00 (Bond No. 016059457) for the tract improvements for Tract
8037, 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.
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3. The original Faithful Performance Bond issued by Safeco Insurance Company of
America (Bond No. 6679180 with bond reduction rider) in the amount of $427,845.00
for the tract improvements be released.
4. The original Labor and Materials Bond issued by Safeco Insurance Company of
America (Bond No. 6679180 with bond reduction rider) in the amount of $427,845.00
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:
• Brandini Drive and Avellina Drive
• Brandini Drive and La Strada Drive
• Urbino Street and Brandini Drive
• Avelllina Drive and Valentano Drive
• Moorjani Street and Valentano Drive
• Lattari Street and Valentano Drive
• Valentano Drive and La Strada Drive
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
Act..1
Mayor
ATTEST:
61/v0 6. / 6r4r
City Clerk
Reso No. 140-14,Adopted 8-19-14, Item 4.12 Page 2 of 2