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HomeMy WebLinkAboutReso 040-89 AI Tr5777 PulteHome RESOLUTION NO. 40-89 A RESOLUTION OF THE CITY GOUNGIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS, TRACT 5777 HACIENDA HEIGHTS (PULTE HOMES) 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: Pulte Homes b) Tract Location: Southerly of Betlen Drive, easterly of the Valley Christian Center property. c) Tract Size: 25 single-family units d) Resolution Approving Final Map: No. 96-87 e) City Streets Affected: Las Palmas Way, Las Palmas Court 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 $618,530 to a revised security 'requirement in the amount of $154,632, upon acceptance by Staff of the replacement maintenance bond in the said amount of $154,632 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 $618,530 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: NOES: ABSENT: Councilmembers Hegarty, Jeffery, Snyder, Vonheeder & Mayor Moffatt None None ATTEST: