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HomeMy WebLinkAbout4.03 Accept Work Tract 4859 CITY OF DUBLIN AGENDA STATEMENT City Council Meeting Date: February 9, 1987 SUBJECT: Acceptance of Work - Tract 4859 Authorization for Staff to Accept Maintenance Bond EXHIBITS ATTACHED: 1) Resolution 2) Location Map RECOMMENDATION: 1) Adopt resolution to accept the work completed in Tract P?Aikr- 4859. 2) Authorize Staff to accept maintenance bond in connection with guarantee of work.. FINANCIAL STATEMENT: Since the original performance bond was provided to the County, the bond in the amount of $230,000 to guarantee against defects for one year will also be provided to the County, as was done with the other Kaufman and Broad Tracts. No immediate maintenance cost will be incurred other than street lights and sweeping. DESCRIPTION: All work in connection with the subject tract has been completed in accordance with the terms of the subdivision contract, and acceptance of the work is now in order. Pertinent information concerning the tract is as follows: a) Subdivider: Kaufman and Broad b) Tract Location: Silvergate Drive. c) Tract Size: There were no residential lots created by this Tract. d) Resolution approving Final Map: No. 80-84 City Council of Dublin e) City streets affected: Silvergate Drive. This Tract subdivided out the Silvergate Drive right-of-way and three other large lots which have been re-subdivided into portions of two lotted subdivisions and the high-density portion of the Kaufman and Broad development. At the time the City and the subdivider executed the contract for the Tract improvements, the subdivider was required to provide a performance bond in the amount of $924,000 to provide the necessary security for the performance of the work involved. As the work is now completed, the performance security requirement can be reduced, in accordance with the authority contained in Section 66499.7 of the Government Code, to an amount necessary to guarantee maintenance of the work for a one-year period following acceptance of the work. The subdivider will provide a new maintenance bond in the amount of $230,000, which is 25% of the original bond required, and,which is sufficient to cover the one-year maintenance guarantee period. It should be noted that the Final Map for Tract 4859 was approved by both the City of Dublin and Alameda County. The Tract is now totally within the City limits due to annexation. Acceptance will be given by the County Board of Supervisors upon acceptance by the City Council. ITEM NO. 'Y'.t. COPIES TO: Kaufman and Broad RESOLUTION NO. -87 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS TRACT 4859 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: Kaufman and Broad b) Tract location: Silvergate Drive. c) Tract size: There were no residential lots created by this Tract. d) Resolution approving Final Map: No. 80-84 City Council of Dublin e) City streets affected: Silvergate Drive WHEREAS, said improvements have been completed in accordance with said plans and specifications, and any approved modifications thereof, to the satisfaction of said 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 tract work is 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 the 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 $924,000 to a revised security requirement in the amount of $230,000 upon acceptance by Staff of the replacement maintenance bond in the said amount of $230,000 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 bond in the amount of $924,000 posted in connection with the work involved in the construction of the said tract be hereby released upon acceptance of said maintenance bond. PASSED, APPROVED, AND ADOPTED this 9th day of February, 1987. 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