HomeMy WebLinkAboutReso 057-88 Tr4930 AI RESOLUTION NO. 57-88
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS,
TRACT 4930 (FOOTHILL ESTATES, PHASE III)
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: Estate Homes of Northern California
b) Tract Location: Western terminii of Bloomington Way and Marwick Drive
c) Tract Size: 72 single family lots
d) Resolution Approving Final Map: No. 43-85, City Council of Dublin
e) City Streets Affected: Bloomington Way, Marwick Drive, Marwick Court
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 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 the 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 $1,862,000 to a revised security requirement in
the amount of $465,500, upon acceptance by Staff of the replacement
maintenance bond in the said amount of $465,500 as security for the aforesaid
one-year guarantee period, and the Mayor of this City Council be, and she 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 $1,862,000
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 25th day of April, 1988.
AYES: Councilmembers Hegarty, Moffatt, Snyder,
Vonheeder and Mayor Jeffery
NOES: None
ABSENT: None
City Cler ~