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HomeMy WebLinkAbout4.06 Accept Improvements Village VI Ridgecreek CITY OF DUBLIN AGENDA STATEMENT City Council Meeting Date: March 27, 1989 SUBJECT: Acceptance of Improvements: Village VI "Ridgecreek" of the Villages at Willow Creek (Report by: Public Works Director Lee Thompson) EXHIBITS ATTACHED: 1) Resolution 2) Location Map RECOMMENDATION: :" 1) Adopt Resolution to accept the work completed. 2) Authorize Staff to accept maintenance bond at a future date. FINANCIAL STATEMENT: A maintenance bond in the amount of $195,341 to guarantee against defects will be provided to the City. Sweeping and other street maintenance costs will be incurred by the City. Landscape maintenance costs are paid by Landscape Maintenance Assessment District 86-1. DESCRIPTION: The Final Map for Tract 5511 was approved by the City Council on September 8, 1986. A separate Tract Developer Agreement with Ahmanson Developments was approved for Village VI "Ridgecreek," the single-family homes, was approved on the same date. • Improvements in this portion of Tract 5511 include Shady Creek Road, Crossridge Road, Squirrel Creek Circle, and Quail Creek Circle. The common landscaping is to be maintained by the City through Assessment District 86-1 monies. Improvements in Village VI have been inspected by the City Engineer and determined to be complete. At the time the City and Ahmanson Developments executed the contract for the Tract improvements, the subdivider was required to provide a performance bonds in the amount of $781,366 to provide the necessary security for the performance of 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, the 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 $195,341, which is 25% of said improvement estimate, and which is sufficient to cover the one-year maintenance guarantee period. ITEM NO. /. 4 j COPIES TO: Ahmanson Developments Gregory Group RESOLUTION NO -89 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS, VILLAGE VI "RIDGECREEK" 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: Ahmanson Developments b) Tract Location: Westerly of Dougherty Road at Willow Creek Drive c) Tract Size: 145 single-family units , d) Resolution Approving Final Map: No. '92-86 e) City Streets Affected: Shady Creek Road, Crossridge Road, Quail Creek Circle, Squirrel Creek Circle 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 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 $781,366 to a revised security requirement in the amount of $195,341, upon acceptance by Staff of the replacement maintenance ._ bond in the said amount of $195,341 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 $781,366 posted in connection with the work involved in the construction of said Tract be he. eb r releas cry oupon- ac,Geptance.. of.;said_maintenance-bond:-=r.. PASSED, APPROVED, AND ADOPTED this 27th day of March, 1989. 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