HomeMy WebLinkAboutReso 013-91 Bordeaux AI RESOLUTION NO. 13-91
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 5073 (BORDEAUX ESTATES)
~HEREAS, 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: First Interstate Mortgage Special Assets (successor to
Hatfield/Investec)
b) Tract Location: Westerly of Tract 4991
c) Tract Size: 80 single-family lots; one common open space parcel.
d) Resolution Approving Final Map: No. 117-85
e) City Streets Affected: Rolling Hills Drive, Brittany Drive, Champagne
Place, Champagne Court, Seine 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 $1,615,000 to a revised security requirement in the
amount of $418,750, upon acceptance by Staff of the replacement maintenance
bond in the said amount of $418,750 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. The said original performance bonds in the amount of $1,615,000
posted in connection with the work involved in the construction of said Tract
be hereby released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this llth day of February, 1991.
AYES:
Councilmembers Burton, Howard, Jeffcry, Moffatt
and Mayor Snyder
NOES: None
ABSENT: None
Mayor ~J~ '
ATTEST:
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