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HomeMy WebLinkAboutReso 054-01 AI JeffersonApartRESOLUTION NO. 54 - 01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTING IMPROVEMENTS FOR JEFFERSON APARTMENTS WHEREAS, the owner-subdivider of the aforesaid Project previously entered into a contract with the City of Dublin to improve said Project in accordance with plans and specifications on file with the City Engineer, said Project identified as follows: a) Subdivider: b) Project Location: c) Project Size: e) City Streets Affected: Jefferson at Dublin, LLC Northeast coruer of Central Parkway and Hacienda Drive 368 apartments Hacienda Drive and Central Parkway 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 project, 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; WHEREAS, as 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 Govermnent Code of the State of California, to an mount 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 Project be, and they are hereby approved and. accepted subject to the aforesaid one-year guarantee; and 2. The said original performance bonds in the amounts of $1,485,980 and $110,520 posted in connection with the work involved in the construction of said Project be released upon acceptance of said maintenance bond in the amount of $27,630. PASSED, APPROVED AND ADOPTED this 17th day of April, 2001. AYES: Councilmembers Lockhart, McCormick and Zika and Mayor Houston NOES: None ATTEST: ABSENT: ABSTAIN: Councilmember Oravetz None erkl K2/G/4-17-0 1/reso-j efferson.doc (Item 4.4 ) g:de~elop~leffersonlresoagstaccept