HomeMy WebLinkAboutReso 041-89 AI Cottonwood RESOLUTION NO. 41-89
ARESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS, VILLAGE II "COTTON WOOD"
(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: Rafanelli and Nahas
b) Tract Location: Westerly of Dougherty Road and northerly of Amador Valley
Boulevard.
c) Tract Size: 248 apartment/condominium units
d) Resolution Approving Final Map: No. 92-86
e) City Streets Affected: None
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 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 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 $648,381.00 to a revised security requirement in
the amount of $162,095.25, upon acceptance by Staff of the replacement
maintenance bond in the said amount of $162,095.25 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 $648,381.00
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 10th day of April, 1989.
AYES:
Councilmembers Hegarty, Jeffery, Snyder,
Vonheeder & Mayor Moffatt
NOES: None
ABSENT: None
ATTEST: