HomeMy WebLinkAboutReso 101-87 Tr 5388 Subdiv Agmt RESOLUTION NO.101-87
A RESOLUTION OF THE GITY GOUNGIL
OF THE GITY OF DUBLIN
APPROVING REPLACEMENT OF SUBDIVISION AGREEMENT AND SECURITIES,
TRAGT 5388
WHEREAS, the Final Map of Tract 5388 in the incorporated
territory of the City of Dublin, State of California, has been presented to
and approved by the City Council, all in accordance with the provisions of the
Subdivision Map Act of the State of California and the Ordinance Code of the
County of Alameda, as adopted by the City of Dublin; and
WHEREAS, the original Developer, Morrison Homes, has executed and
filed with this City Council a contract to improve Tract 5388 together with
attendant securities in accordance with the Final Map of said Tract 5388, the
Tract Improvement Plans and specifications attached thereto; and
WHEREAS, Kildara Properties is purchasing this project from
Morrison Homes and will become the new Developer; and
WHEREAS, this new Developer has executed and filed with this City
Council a contract to improve Tract 5388 in accordance with the Final Map of
said Tract 5388, the Tract Improvement Plans, and the Specifications attached
thereto; and
WHEREAS, said contract is secured by Faithful Performance Bonds
in the amount of $736,400 (landscaping) and $573,800 (other improvements) and
Labor and Materials Bonds in the amount of $368,200 (landscaping) and $286,900
(other improvements);
NOW, THEREFORE, BE IT RESOLVED that the contract and security be
and they are hereby approved, and the Mayor of this Council be, and is
authorized and directed to execute said Contract on behalf of the City of
Dublin.
BE IT FURTHER RESOLVED that the existing contract and appurtenant
securities be released and returned to Morrison Homes.
PASSED, APPROVED, AND ADOPTED this 14th day of December, 1987.
AYES: Councilmembers Hegarty, Moffatt, Snyder,
Vonheeder and Mayor Jeffery
NOES: None
ABSENT: None
M
ATTEST:
City