HomeMy WebLinkAboutReso 76-15 Jordan Rch Tr8074 Accpt Improvements RESOLUTION NO. 76 - 15
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING TRACT 8074 IMPROVEMENTS; APPROVING THE REGULATORY TRAFFIC
CONTROL DEVICES FOR TRACT 8074; AND APPROVING THE IMPROVEMENTS WITHIN
FUTURE FALLON VILLAGE GHAD PARCELS CONSTRUCTED WITH
TRACT 8074, JORDAN RANCH
WHEREAS, BJP-ROF Jordan Ranch, LLC, the developer of Tract 8074, previously
entered into a Tract Improvement Agreement, dated June 5, 2012, City Council Resolution No.
71-12, with the City of Dublin, to complete improvements associated with Tract 8074, in
accordance with plans on file with the City Engineer; and
WHEREAS, with said Tract Improvement Agreement, the developer also agreed to
construct landscape and irrigation improvements within future Fallon Village GHAD Parcels —
Parcel A of Tract Map 8074, Parcels C and I of Tract Map 8024, Parcel K of Tract Map 7855,
and Parcels A and C of Tract Map 7853; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $3,929,410.00 (Bond No. 0582780) issued by International
Fidelity Insurance Company to guarantee the said Tract 8074 and future Fallon Village GHAD
Parcel improvements; and
WHEREAS, the developer subsequently completed more than 80% of the required Tract
8074 and future Fallon Village GHAD Parcel improvements in accordance with said plans, to
the satisfaction of the City Engineer; and
WHEREAS, the original Faithful Performance Bond was reduced by City Council
Resolution No. 14-14 on February 18, 2014 to $982,352.50, equal to 25% of the original bond
amount, to guarantee the installation of the remaining improvements; and
WHEREAS, the Tract 8074 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
8074 improvements; and
WHEREAS, the improvements within the future Fallon Village GHAD Parcels — Parcel A
of Tract Map 8074, Parcels C and I of Tract Map 8024, Parcel K of Tract Map 7855, and
Parcels A and C of Tract Map 7853 — are now complete in accordance with said plans, and any
approved modifications thereto, to the satisfaction of the City Engineer; and
WHEREAS, the Faithful Performance Bond 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, and replaced with a Maintenance Bond to guarantee the
completed work for a one-year period; and
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WHEREAS, BJP-ROF Jordan Ranch, LLC, has provided a Maintenance Bond in the
amount of $982,352.50 issued by International Fidelity Insurance Company (Bond No.
0582780) to guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 8074 are hereby approved and accepted,
subject to a one-year guarantee period.
2. The landscape and irrigation improvements within the future Fallon Village GHAD
Parcels — Parcel A of Tract Map 8074 and Parcels C and I of Tract Map 8024,
Parcel K of Tract Map 7855, and Parcels A and C of Tract Map 7853 — are hereby
approved.
3. The submitted Maintenance Bond issued by International Fidelity Insurance
Company (Bond No. 0582780) in the amount of $982,352.50 for the Tract 8074
Improvements and improvements within future Fallon Village CHAD parcels
constructed with Tract 8074, be accepted as security for the aforesaid one-year
warranty period, said period to commence on this date and terminate on the 2nd
day of June, 2016.
4. The original Faithful Performance Bond issued by International Fidelity Insurance
Company (Bond No. 0582780 with bond reduction rider) in the amount of
$982,352.50 for the Tract 8074 Improvements be released.
5. The original Labor and Materials Bond issued by International Fidelity Insurance
Company (Bond No. 0582780) in the amount of $3,929,410.00 for the Tract 8074
Improvements be released in accordance with the requirements of §66499.7 of
the Government Code of the State of California.
6. 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, markings and crosswalks installed at the following intersections:
• La Vina Street near station 0+50
• Jordan Ranch Drive at the intersection of Valley Vista Drive and La Vina
Street
• Jordan Ranch Drive at the intersection of Vinton Avenue
• Jordan Ranch Drive at the intersection of Avery Way
• Avery Court at the intersection of Avery Way
• Kinsley Street at the intersection of Vinton Avenue
• Kinsley Street at the intersection of Avery Way
• Avery Way at the intersection of Alta Terra Road
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B. Curve Warning with 10 MPH advisory speed signs on the following street:
• North and South sides of Jordan Ranch Drive near Station 18+50
C. Curve Warning with 15 MPH advisory speed signs on the following street:
• North and South sides of La Vina Street near Station 13+50
D. "NO PARKING" signs at the following streets:
• North and East sides of La Vina Street
• South side of Jordan Ranch Drive near Station 18+00
PASSED, APPROVED AND ADOPTED this 2nd day of June, 2015, by the following
vote:
AYES: Councilmembers Biddle, Gupta, Wehrenberg, and Mayor Haubert
NOES: None
ABSENT: Councilmember Hart
ABSTAIN: None
)01-5,1
Mayor
ATTEST:
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City Clerk
Reso No. 76-15,Adopted 6-2-15, Item 4.3 Page 3 of 3