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HomeMy WebLinkAboutReso 009-01 DR Acqu/FallonImprvRESOLUTION NO. 9 - 01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING AGREEMENTS WITH DR ACQUISITIONS I, LLC REGARDING CONSTRUCTION OF THE FALLON ROAD NORTH IMPROVEMENTS WHEREAS, Condition 13 of the Planned Development Zoning for Dublin Ranch, Phase I, Areas A-E development requires improvement of Fallon Road, including the northerly end through an area designated as future Community Park; and WHEREAS, the City and DR Acquisitions I, LLC, have agreed to the dedication of right-of-way and the cost of construction of improvements related to these improvements; and WHEREAS, a credit against payment of future Category 1 Eastern Dublin Traffic Impact fees will be provided to offset a portion of DR Acquisitions I, LLC's land and costs related to the project; NOW, THEREFORE, BE IT RESOLVED that the Dublin City Council approves the agreement with DR Acquisitions I, LLC, regarding Dedication and Construction of the Fallon Road North Improvements. BE IT FURTHER RESOLVED that the Mayor is authorized to execute the agreements. PASSED, APPROVED AND ADOPTED this 6th day of February, 2001. AYES: Councilmembers Lockhart, McCormick, Oravetz, Zika and Mayor Houston NOES: None AB SENT: None ABSTAIN: None ATTEST:(~ Kz/G/24-01/reso-fall n-_~nprvmts.doc (Item 4.4) Mayor g: develop\dubranchXFallon Rd NorlhXreso fallon north improve agnts