HomeMy WebLinkAboutReso 013-90 VillageVII IATr5780 RESOLUTION NO. 13-90
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS, TRACT 5780
(VILLAGE VII OF THE VILLAGES AT WILLOW CREEK)
WHEREAS, 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: Standard-Pacific Corporation
b) Location: Southerly of the terminus of Shady Creek Drive
c) Tract Size: 139 Units
d) ResolutionApproving Final Map: 3-88
e) City Streets Affected: None (private streets)
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 $390,797 to a revised security requirement in the
amount of $97,699.25, upon acceptance by Staff of the replacement maintenance
bond in the said amount of $97,699.25 as security for the aforesaid one-year
guarantee period, and the Mayor of this Gity 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 bond in the amount of $390,797 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 12th day of February, 1990.
AYES: Councilmembers Hegarty, Jeffcry, Snyder, and Mayor Moffatt
NOES: None
ABSENT: Councilmember Vonhee~~~/~
Mayor
ATTEST:
City Cl~