HomeMy WebLinkAboutReso 153-14 Sorrento East Tr 8065 Improvements RESOLUTION NO. 153 - 14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING THE TRACT IMPROVEMENTS AND APPROVING THE REGULATORY
TRAFFIC CONTROL DEVICES FOR TRACT 8065, NEIGHBORHOOD 8 SOUTH, SORRENTO
EAST (D.R. HORTON BAY, INC.)
WHEREAS, D.R. Horton Bay, Inc., the developer of Tract 8065, previously entered into a
Tract Improvement Agreement dated July 19, 2011, Resolution No. 125-11, with the City of
Dublin, to complete tract improvements associated with Tract 8065, 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 $302,000.00 to guarantee the installation of Tract
8065 public improvements; and
WHEREAS, the developer originally provided a Faithful Performance Bond and a Labor
and Materials Bond, each in the amount of $397,000.00 to guarantee the installation of Tract
8065 private improvements; and
WHEREAS, the developer originally provided a Faithful Performance Bond and a Labor
and Materials Bond, each in the amount of $252,000.00 to guarantee the installation of Tract
7982 public improvements constructed with Tract 8065; 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 Bonds and Labor and Materials Bonds 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
Maintenance Bonds to guarantee the completed work for a one-year period; and
WHEREAS, D.R. Horton Bay, Inc. has provided a Maintenance Bond in the amount of
$75,500.00, issued by Liberty Mutual Insurance Company (Bond No. 016059454) to guarantee
the Tract 8065 public improvements for a one-year period; and
WHEREAS, D.R. Horton Bay, Inc. has provided a Maintenance Bond in the amount of
$99,250.00 issued by Liberty Mutual Insurance Company (Bond No. 016059453) to guarantee
the Tract 8065 private improvements for a one-year period; and
Page 1 of 3
WHEREAS, D.R. Horton Bay, Inc. has provided a Maintenance Bond in the amount of
$63,000.00 issued by Liberty Mutual Insurance Company (Bond No. 016059452) to guarantee
the Tract 7982 public improvements constructed with Tract 8065 for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The public improvements for Tract 8065 are hereby approved and accepted
subject to a one-year guarantee period.
2. The submitted Maintenance Bond issued by Liberty Mutual Insurance Company in
the amount of $75,500.00 (Bond No. 016059454) for the public improvements for
Tract 8065, be accepted as security for the aforesaid one-year warranty period,
said period to commence on this date and terminate on the 16th day of
September, 2015.
3. The original Faithful Performance Bond issued by Safeco Insurance Company of
America (Bond No. 6679257) in the amount of $302,000.00 for the Tract 8065
public improvements be released.
4. The original Labor and Materials Bond issued by Safeco Insurance Company of
America (Bond No. 6679257) in the amount of $302,000.00 for the Tract 8065
public improvements be released in accordance with the requirements of Section
66499.7 of the Government Code of the State of California.
5. The private improvements for Tract 8065 are hereby approved subject to a one-
year guarantee period.
6. The submitted Maintenance Bond issued by Liberty Mutual Insurance Company in
the amount of $99,250.00 (Bond No. 016059453) for the private improvements for
Tract 8065, be accepted as security for the aforesaid one-year warranty period,
said period to commence on this date and terminate on the 16th day of
September, 2015.
7. The original Faithful Performance Bond issued by Safeco Insurance Company of
America (Bond No. 6679256) in the amount of $397,000.00 for the Tract 8065
private improvements be released.
8. The original Labor and Materials Bond issued by Safeco Insurance Company of
America (Bond No. 6679256) in the amount of $397,000.00 for the Tract 8065
private improvements be released in accordance with the requirements of Section
66499.7 of the Government Code of the State of California.
9. The Tract 7982 public improvements constructed with Tract 8065 are hereby
approved and accepted subject to a one-year guarantee period.
Page 2 of 3
10. The submitted Maintenance Bond issued by Liberty Mutual Insurance Company in
the amount of $63,000.00 (Bond No. 016059452) for the Tract 7982 public
improvements constructed with Tract 8065, be accepted as security for the
aforesaid one-year warranty period, said period to commence on this date and
terminate on the 16th day of September, 2015.
11. The original Faithful Performance Bond issued by Safeco Insurance Company of
America (Bond No. 6679258) in the amount of $252,000.00 for the Tract 7982
public improvements constructed with Tract 8065 be released.
12. The original Labor and Materials Bond issued by Safeco Insurance Company of
America (Bond No. 6679258) in the amount of $252,000.00 for the Tract 7982
public improvements constructed with Tract 8065 be released in accordance with
the requirements of Section 66499.7 of the Government Code of the State of
California.
13. 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:
• Araldi Lane at Lee Thompson Street
• Araldi Lane at Capoterra Way
PASSED, APPROVED AND ADOPTED this 16th day of September, 2014, by the
following vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
Mayor
ATTEST:
avp te/c67—
City Clerk
Reso No. 153-14,Adopted 9-16-14, Item 4.5 Page 3 of 3