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HomeMy WebLinkAboutReso 028-89 AI VillagesWillowCr RESOLUTION NO. 28 -89 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS, VILLAGE VI "RIDGECREEK" (VILLAGES 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 Greek 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 a period of one year following acceptance of the work by tlhe 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 hereby released upon acceptance of said maintenance bond. PASSED, APPROVED, AND ADOPTED this 27th day of March, 1989. AYES: Councilmembers Hegarty, Jeffery, Vonheeder &Mayor Moffatt NOES: None ABSENT: Councilmember Snyder~/o~r ~~~ ATTEST: ~'~ty~Gle~k~