HomeMy WebLinkAbout4.07 Accept Maintenance Bond Tract 4943 CITY OF DUBLIN r 0—
AGENDA STATEMENT
City Council Meeting Date: October 13, 1986
SUBJECT: Acceptance of Work - Tract 4943
Authorization for Staff to Accept Maintenance Bond
EXHIBITS ATTACHED: Resolution; Location Map
RECOMMENDATION: ) Adopt resolution to accept the work completed in
Tract 4943
2) Authorize Staff to accept maintenance bond in
connection with guarantee of work at future date.
FINANCIAL STATEMENT: A bond in the amount of $101,500 to guarantee against
defects for one year will be provided to the City. 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: West and southwesterly of Silvergate Drive •and
Castilian Road.
c) Tract Size: 28 lots
d) Resolution approving Final Map: No. 85-84 City Council of Dublin
e) City streets affected: Rolling Hills Drive, Martin Canyon Court.
At the time the City and the subdivider executed the contracts for the Tract
improvements, the subdivider was required to provide a performance bond in the
amount of $406,000 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
$101,500, which is 25% of the original bond required, and which is sufficient
to cover the one-year maintenance guarantee period, at a future date. It
should also be noted that the Final Map for Tract 4943 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.
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ITEM NO. _ COPIES TO: Kaufman and Broad
RESOLUTION NO. -86
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 4943
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: West and southwesterly of Silvergate Drive and
Castilian Road.
c) Tract size: 28 lots
d) Resolution approving Final Map: No. 85-84 City Council of Dublin
e) City streets affected: Rolling Hills Drive, Martin Canyon Court
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 $406,000 to a revised security requirement in the amount
of $101,500 upon acceptance by Staff of the replacement maintenance bond in the said
amount of $101,500 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 $406,000
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 13th day of October, 1986.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
SxL k;rJx ro y 3a
Item 4.7 Exhibit Missing
Location Map