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HomeMy WebLinkAboutReso 178-04 TrafDevicePM7589 RESOLUTION NO. 178 - 04 A RESOLUTION OF THE CfIY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS FOR PARCEL MAP 7589 (WATERFORD PLACE/I'HE SHOPS AT WATERFORD BY SHEA HOMES LIMITED PARTNERSHIP) AND APPROVAL OF REGULATORY TRAFFIC DEVICE WHEREAS, the subdivider of Parcel Map 7589, filed on December 26, 2001, in Book 262 of Parcel Maps at Pages 42-47, previously entered into an hnprovement Agreement with the City of Dublin on December 4,2001, to improve designated public improvements in accordance with plans and specifications on file with the Public Works Director, said Parcel Map identified as follows: c) Tract Size: d) Resolution Approving Agreement: e) City Streets Affected: Shea Homes Limited Partnership, A California Limited Partnership East of Glynnis Rose Drive, north of Dublin Boulevard, south of Central Parkway, west of Tassajara Road 18.7 acres; 3 parcels No. 203-01, City Council of Dublin Central Parkway, Dublin Boulevard, and Tassajara Road a) Subdivider: b) Tract Location: WHEREAS, an amendment to the Improvement Agreement was previously approved by City Council Resolution No. 224-02 on December 3,2002, that extended the term until December 4,2003; and WHEREAS, the improvements associated with Parcel Map 7589 as governed by the Improvement Agreement are complete in accordance with said plans and specifications, and any approved modifications thereof, to the satisfaction of the Public Works Director; and WHEREAS, the developer has installed a certain traffic regulatory device as a part of the Parcel Map improvements; and WHEREAS, the original Performance Bonds and Labor and Materials Bonds that guaranteed the improvements can be released, in accordance with the authority contained in §66499.7 of the Government Code of the State of California, and replaced with Maintenance Bonds to guarantee the completed work for a one-year period following acceptance; NOW, THEREFORE, BE IT RESOLVED that: 1. The improvements completed within said Parcel Map are hereby approved and accepted subject to a one-year guarantee period; and 2. The traffic regulatory device installed by the developer is hereby included in the City of Dublin Traffic Code: a) "No Parking Anytime" restriction on the west side of Tassajara Road between Dublin Boulevard and Central Parkway. 1 3. The original Performance Bond issued by American Home Assurance Company in the amount of$I,892,100 (Bond No. 00255009) for designated on-site improvements be released; and 4. The original Performance Bond issued by American Home Assurance Company in the amount of $771,900 (Bond No. 00255032) for designated off-site improvements be released; and 5. The original Performance Bond issued by American Home Assurance Company in the amount of $330,000 (Bond No. 00-283-320) for traffic signals be released; and 6. The original Labor and Materials Bond issued by American Home Assurance Company in the amount of$I,892, 100 (Bond No. 00255009) for designated on-site improvements be released; and 7. The original Labor and Materials Bond issued by American Home Assurance Company in the amount of $771,900 (Bond No. 00255032) for designated off-site improvements be released; and 8. The original Labor and Materials Bond issued by American Home Assurance Company in the amount of $330,000 (Bond No. 00-283-320) for traffic signals be released; and 9. The submitted Maintenance Bond issued by American Home Assurance Company in the amount of $192,975 (Bond No. 00-255-032-A) for off-site improvements be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 7th day of September, 2005; and 10. The submitted Maintenance Bond issued by American Home Assurance Company in the amount of $82,500 (Bond No. 00-283-320-A) for traffic signals be accepted as security for the aforesaid one-year maintenance period, said period to commence on this date and terminate on the 7th day of September, 2005; and PASSED, APPROVED AND ADOPTED this 7th day of September, 2004. AYES: Councilmembers Oravetz, McCormick, Sbranti, Zika and Mayor Lockhart NOES: None ABSENT: None ABST AlN: None O;\DEVELOP\Waterford Place\Resoacpt]M 7S89.doc 2