HomeMy WebLinkAbout4.05 Dublin Hills Estates Tract 4719 w
CITY OF DUBLIN /0
AGENDA STATEMENT
City Council Meeting Date: February 23, 1987
SUBJECT: Acceptance of Improvements
Tract 4719 (Dublin Hills Estates)
EXHIBITS ATTACHED: 1) Resolution
2) Location Map
RECOMMENDATION: �UV2)) Adopt Resolution to accept the work completed.
Authorize Staff to accept letter of credit and to
accept maintenance bond at a future date.
FINANCIAL STATEMENT: A maintenance bond in the amount of $437,524 to
guarantee against defects will be provided to the
City. There will be no immediate maintenance costs
other than street lights and sweeping. In addition,
Staff has requested and received a letter of credit in
the amount of $20,000 as guarantee that the slope
landscaping will be corrected this spring.
DESCRIPTION:
This project was originally developed by Larry Lee and consisted of 150
single-family lots, a parcel for 555 multi-family units, and open space
parcels. The agreement was later split between Rafanelli and Nahas, who
developed the multi-family area, offsite work, and Stagecoach Road, and Beck
Properties, who developed the single-family portion. The Stagecoach Road
street area was accepted previously: This action will complete acceptance of
the total project.
All improvements in the public right-of-way within the single-family
portion of Tract 4719 have been installed. These improvements include curb,
gutter, storm drain, electroliers, and roadway. Streets involved are Sapphire
Street, Pearl Place, Onyx Place, Topaz Circle, Coral Way, Turquoise Street,
Quartz Circle, Jade Circle, and Agate Way. City Staff has inspected the
improvements and found them to be in accordance with approved plans and
specifications.
The slope landscaping improvements have also been inspected by Staff and
found not to be as specified. Beck Properties has submitted a letter of
credit in the amount of $20,000 to guarantee that these landscaping
improvements will be corrected to Staff's satisfaction as soon as weather
permits.
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 $1,750,096 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 $437,524, which is 25% of the original bond required, and which
is sufficient to cover the one-year maintenance guarantee period, at a future
date.
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ITEM NO. � � COPIES TO: Beck Properties
RESOLUTION NO. -87
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY .OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS, '
TRACT 4719 (DUBLIN HILLS ESTATES)
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: Beck Properties
b) Tract Location: Northerly of Amador Valley Boulevard, Easterly and
Westerly of Stagecoach Road.
c) Tract Size: 150 Single-Family Lots
d) Resolution Approving Final Map: No. 70-83, City Council of Dublin
e) City Streets Affected: Jade Circle, Agate Way, Turquoise Street,
Sapphire Street, Pearl Place, Onyx Place, Topaz Circle, Coral Way,
Quartz Circle.
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 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 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 $1,750,096 to a revised security requirement in the
amount of $437,524 upon acceptance by Staff of the replacement maintenance bond in
the said amount of $437,524 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 letter of credit in the amount of $20,000 guaranteeing slope
landscaping improvements be, and Staff is hereby authorized to accept same; and
4. The said original performance bond in the amount of $1,750,096
posted in connection with the work involved in the construction of said Tract be
hereby released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this 23rd day of February, 1987.
AYES:
NOES:
ABSENT:
Mayor '
ATTEST:
City Clerk
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