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HomeMy WebLinkAboutReso 162-17 Amendment to Park Improvement Agreement, Accepting the Jordan Ranch Park Improvements, and Accepting the Offer of Dedication of Parcel D of Tract 8024 RESOLUTION NO. 162 — 17 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING THE AMENDMENT TO THE IMPROVEMENT AGREEMENT FOR JORDAN RANCH PARCEL D (NEIGHBORHOOD PARK SITE), ACCEPTING THE JORDAN RANCH PARK IMPROVEMENTS, AND ACCEPTING THE OFFER OF DEDICATION OF PARCEL D OF TRACT 8024 WHEREAS, BJP-ROF Jordan Ranch, LLC, the Developer of Tract 8024, previously entered into a Park Improvement Agreement for Jordan Ranch Parcel D (Neighborhood Park Site), dated November 17, 2015, City Council Resolution No. 182-15, with the City of Dublin, to complete improvements associated with the Jordan Ranch Neighborhood Park, Parcel D, Tract 8024, in accordance with plans on file with the City Engineer; and WHEREAS, the Developer has agreed to construct certain additional improvements that were not contemplated as part of the original Improvement Agreement and will be reimbursed by the City; and WHEREAS, the City has prepared an Amendment to the Park Improvement Agreement, attached hereto as Exhibit A; and WHEREAS, the Developer provided Faithful Performance and Labor and Materials Bonds, each in the amount of $1,962,485.00 (Bond No. 0694142), issued by International Fidelity Insurance Company to guarantee said Jordan Ranch Parcel D (Neighborhood Park Site) Improvements; and WHEREAS, the Jordan Ranch Parcel D (Neighborhood Park Site) Improvements are now complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and WHEREAS, the Faithful Performance Bond and Labor and Materials Bonds can be released, in accordance with the authority contained in Section 66499.7 of the Government Code of the State of California, and replaced with a Maintenance/Warranty Bond to guarantee the completed work for a one-year period; and WHEREAS, BJP-ROF Jordan Ranch, LLC, has provided a Maintenance/Warranty Bond in the amount equal to twenty percent of the construct costs to guarantee the improvements for a one-year period; and WHEREAS, the Developer previously submitted an Offer of Dedication of Parcel D of Tract 8024, to the City for public park purposes. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin hereby: 1. Approves and accepts the Jordan Ranch Parcel D (Neighborhood Park Site) Improvements, subject to a one-year guarantee period. 2. Accepts the submitted Maintenance Bond for the Jordan Ranch Parcel D (Neighborhood Park Site) Improvements, as security for the aforesaid one-year Reso No. 162-17, Adopted 12/19/2017, Item No. 4.11 Page 1 of 2 warranty period, said period to commence on this date and terminate on the 19th day of December, 2018. 3. Releases the original Faithful Performance Bond issued by International Fidelity Insurance Company (Bond No. 0694142) in the amount of$1,962,485.00 for the Jordan Ranch Parcel D (Neighborhood Park Site) Improvements. 4. Releases the original Labor and Materials Bond issued by International Fidelity Insurance Company (Bond No. 0694142) in the amount of$1,962,485.00 for the Jordan Ranch Parcel D (Neighborhood Park Site) Improvements, in accordance with the requirements of§66499.7 of the Government Code of the State of California. 5. Approves the Amendment to the Improvement Agreement with BJP-ROF Jordan Ranch, LLC. 6. Accept the offer of dedication of Parcel D of Tract 8024 for public park purposes upon completion of the construction of the certain improvements in the Amendment to the Improvement Agreement for Jordan Ranch Parcel D (Neighborhood Park Site). BE IT FURTHER RESOLVED that the City Manager is authorized to execute the Amendment to the Park Improvement Agreement and make any necessary changes that carry out the intent of this Resolution. BE IT FURTHER RESOLVED that the City Manager is authorized to execute a change order for the additional improvements described in the Amendment to the Park Improvement Agreement and is authorized to pay the Developer for the cost of the Additional Improvements up to an amount, not to exceed one hundred fifty thousand dollars ($150,000). PASSED, APPROVED AND ADOPTED this 19th day of December, 2017, by the following vote: AYES: Councilmembers Biddle, Goel, Gupta and Hernandez NOES: ABSENT: Mayor Haubert ABSTAIN: A/(14 Mayor Pro Tempore ATTEST: CZ.t.q) Z- f-ce City Clerk Reso No. 162-17, Adopted 12/19/2017, Item No. 4.11 Page 2 of 2 AMENDMENT TO PARK IMPROVEMENT AGREEMENT FOR JORDAN RANCH PARCEL D (NEIGHBORHOOD PARK SITE) THIS AMENDMENT TO THE PARK IMPROVEMENT AGREEMENT (this "Amendment") is made and entered in the City of Dublin on this 19th day of December, 2017 by and between the City of Dublin, a Municipal Corporation (hereafter "City") and BJP-ROF Jordan Ranch, LLC, a California Corporation (hereafter "Landowner"). City and Landowner are hereinafter collectively referred to as the "Parties." WITNESSETH: WHEREAS, City and Landowner are Parties to that certain "Improvement Agreement for Jordan Ranch Parcel D (Neighborhood Park Site), dated November 17, 2015 ("Agreement"); and WHEREAS, the City wishes to include Additional Improvements in Jordan Ranch Neighborhood Park, which include: modification of a bio-retention basin; modification to a drainage swale; and installation of an irrigation booster pump ("Additional Improvements); and WHEREAS, Landowner agrees to construct the Additional Improvements and the City agrees to reimburse the Landowner for the actual costs incurred for the construction of the Additional Improvements, up to the not to exceed amount of$150,000; and WHEREAS, the Parties wish to amend the Agreement to include the Additional Improvements and associated construction costs. NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the Agreement is amended as follows: 1. Section 2. Construction Documents is rescinded in its entirety and replaced with the following: 2. Construction Documents. The City has prepared construction plans and specifications for the Improvements, dated August 27, 2015, and on file with the Public Works Director. The construction plans and specifications are amended to include Additional Improvements identified by the City, and to be constructed by the Landowner, consisting of: (1) modification of a bio-retention basin; (2) modification of a drainage swale; and (3) installation of an irrigation booster pump (the "Additional Improvements"). 2. Section 3. Completion Time, the first sentence is rescinded in its entirety and replaced with the following: 3. Completion Time. Landowner will commence construction of the Improvements and Additional Improvements by March 1, 2016, provided that the City has provided the plans by January 15, 2016, and shall complete all Improvements no later than February 1, 2018 except as extended by weather delays as allowed for in the City's standard specifications or unless the completion date is extended by the City Council. 1 3. Section 11. Estimated Cost of Improvements is rescinded in its entirety and replaced with the following: 11. Estimated Cost of Improvements. The estimated cost of constructing the Improvements required by this Agreement as adjusted for inflation is agreed to be for a fixed limit in the amount of $1,965,000 as more fully set out in Exhibit "B" entitled "Complete Project Cost Estimate — Jordan Ranch Neighborhood Park Improvements" and incorporated herein. The estimated cost to construct the Additional Improvements required by this Agreement as adjusted for inflation is agreed to be for a fixed, not to exceed amount of $150,000. Upon completion of the Additional Improvements, the Landowner shall provide the City with an invoice for the actual cost of the Additional Improvements. Within thirty (30) days of receipt of the invoice, the City shall pay the Landowner the lessor of the actual costs of the Additional Improvements or$150,000. 4. Except to the extent inconsistent with this Amendment, the Parties ratify and confirm all of the terms and conditions of the AGREEMENT. IN WITNESS WHEREOF, the City and Landowner have executed this Amendment, the day and year first above written. CITY OF DUBLIN -- - a Municipal Corporation Dated: By: Name: Christopher L. Foss Title: City Manager ATTEST: By: Name: Caroline P. Soto, City Clerk Approved as to form By: Name: John Bakker, City Attorney DEVELOPER BJP-ROF Jordan Ranch, LLC a Delaware limited liability company By: Fallon-Jordan, LLC 2 a California limited liability company its Managing Member By: MVP Development California, LLC a California limited liability company its Managing Member By: 2002 Radanovich Family Trust its Managing Member By: Name: Robert Radanovich its: Trustee 3