HomeMy WebLinkAboutReso 129-15 Emerald Vista Accept Improv RESOLUTION NO. 129 - 15
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING THE IMPROVEMENTS AND
APPROVING THE REGULATORY TRAFFIC CONTROL DEVICES
FOR TRACT 7943, TRACT 8069 AND TRACT 8070, EMERALD VISTA
WHEREAS, KB Home Arroyo Vista, LLC, the developer of Tract 7943, Tract 8069 and
Tract 8070, previously entered into Tract Improvement Agreements dated May 3, 2011
(Resolution No. 55-11) and January 17, 2012, (Resolution Nos. 4-12 and 3-12) with the City of
Dublin, to complete improvements associated with Tract 7943, Tract 8069 and Tract 8070,
respectively, in accordance with plans on file with the City Engineer; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $3,866,000.00 (Bond No. SU1110292) issued by Arch Insurance
Company to guarantee the installation of Tract 7943 public improvements; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $547,000.00 (Bond No. 5040282) issued by Bond Safeguard
Insurance Company to guarantee the installation of Tract 8069 tract improvements; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $973,923.21 (Bond No. 5040281) issued by Bond Safeguard
Insurance Company to guarantee the installation of Tract 8069 private landscape
improvements; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $581,000.00 (Bond No. 5040283) issued by Bond Safeguard
Insurance Company to guarantee the installation of Tract 8070 tract improvements; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $1,121,214.35 (Bond No. 5040284) issued by Bond Safeguard
Insurance Company to guarantee the installation of Tract 8070 private landscape
improvements; 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, and may be replaced with Warranty Bonds to guarantee the
completed work for a one-year period; and
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WHEREAS, KB Home has provided a Warranty Bond in the amount of $966,500.00,
issued by Arch Insurance Company (Bond No. SU1110292-M) to guarantee the public tract
improvements for Tract 7943 for a one-year period; and
WHEREAS, KB Home has provided a Warranty Bond in the amount of $136,750.00,
issued by Lexon Insurance Company (Bond No. 1102493) to guarantee the tract improvements
for Tract 8069 for a one-year period; and
WHEREAS, KB Home has provided a Warranty Bond in the amount of $145,250.00,
issued by Lexon Insurance Company (Bond No. 1102494) to guarantee the tract improvements
for Tract 8070 for a one-year period; and
WHEREAS, Warranty Bonds are not required to guarantee the private landscape
improvements within Tract 8069 and 8070.
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 7943, Tract 8069 and Tract 8070 are hereby
approved and accepted subject to a one-year guarantee period.
2. The private landscape improvements for Tract 8069 and Tract 8070 are hereby
approved.
3. The submitted Warranty Bond issued by Arch Insurance Company in the amount
of $966,500.00 (Bond No. SU1110292-M) for the tract improvements for Tract
7943 be accepted as security for the aforesaid one-year warranty period, said
period to commence on this date and terminate on the 21st day of July, 2016.
4. The original Faithful Performance Bond (Bond No. SU1110292) in the amount of
$3,866,000.00 for the Tract 7943 public tract improvements be released.
5. The original Labor and Materials Bond (Bond No. SU1110292) in the amount of
$3,866,000.00 for the Tract 7943 public improvements be released in accordance
with the requirements of Section 66499.7 of the Government Code of the State of
California.
6. The submitted Warranty Bond issued by Lexon insurance Company in the amount
of $136,750.00 (Bond No. 1102493) for the tract improvements for Tract 8069 be
accepted as security for the aforesaid one-year warranty period, said period to
commence on this date and terminate on the 22nd day of July, 2016.
7. The original Faithful Performance Bond (Bond No. 5040282) in the amount of
$547,000.00 for the Tract 8069 improvements be released.
8. The original Labor and Materials Bond (Bond No. 5040282) in the amount of
$547,000.00 for the Tract 8069 improvements be released in accordance with the
requirements of Section 66499.7 of the Government Code of the State of
California.
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9. The original Faithful Performance Bond (Bond No. 5040281) in the amount of
$973,923.21 for the Tract 8069 private landscape improvements be released.
10. The original Labor and Materials Bond Bond No. 5040281) in the amount of
$973,923.21 for the Tract 8069 private landscape improvements be released in
accordance with the requirements of Section 66499.7 of the Government Code of
the State of California.
11. The submitted Warranty Bond issued by Lexon Insurance Company in the amount
of $145,250.00 (Bond No. 1102494) for the tract improvements for Tract 8070 be
accepted as security for the aforesaid one-year warranty period, said period to
commence on this date and terminate on the 22nd day of July, 2016.
12. The original Faithful Performance Bond (Bond No. 5040282) in the amount of
$547,000.00 for the Tract 8070 tract improvements be released.
13. The original Labor and Materials Bond (Bond No. 5040282) in the amount of
$547,000.00 for the Tract 8070 improvements be released in accordance with the
requirements of Section 66499.7 of the Government Code of the State of
California.
14. The original Faithful Performance Bond (Bond No. 5040281) in the amount of
$1,121,214.35 for the Tract 8070 private landscape improvements be released.
15. The original Labor and Materials Bond (Bond No. 5040281) in the amount of
$1,121,214.35 for the Tract 8070 private landscape improvements be released in
accordance with the requirements of Section 66499.7 of the Government Code of
the State of California.
16. 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:
• On Monterey way at Dougherty Road
• On Monterey Way at South Mariposa Lane
• On South Mariposa Court at Monterey way
• On South Mariposa Lane at Monterey way
• On Mariposa Circle at Existing Dougherty Road
• On South Mariposa Lane at mariposa Circle
• On mariposa Circle at Existing Dougherty Road
• On Mariposa Circle at South Mariposa Lane
• On Ventura Way at Existing Dougherty Road
• On Ventura Way at North Mariposa lane
• On North Mariposa Lane at Ventura way
• On North Mariposa Court at Ventura Way
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B. "NO PARKING" signs installed along
• Monterey Way on the north & south side of the street between South
Mariposa Lane & Dougherty Road.
• Mariposa Circle on the Eastside & Westside of the street between South
Mariposa Lane & North Mariposa Lane.
• Mariposa Circle on the north side & south side of the street to North
Mariposa Lane.
C. "25 MPH" signs on
• South Mariposa Lane between South Mariposa Court & Mariposa Circle.
• North mariposa Lane between North Mariposa Court & North Mariposa
Circle
PASSED, APPROVED AND ADOPTED this 21st day of July 21, 2015, by the following
vote:
AYES: Councilmembers Biddle, Hart, Wehrenberg, and Mayor Pro Tern Gupta
NOES: None
ABSENT: Mayor Haubert
ABSTAIN: None
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Mayor Pro Tem
ATTEST:
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City Clerk
Reso No. 129-15, Adopted 7-21-15, Item 4.10 Page 4 of 4