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HomeMy WebLinkAboutReso 212-04 DubRchTrafficDevice RESOLUTION NO. 212 - 04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF STREET IMPROVEMENTS ASSOCIATED WITH TRACT 7136, DUBLIN RANCH AREA A (NEIGHBORHOOD A-I) AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, the subdivider of Tract 7136, filed on May 3, 2002, in Book 263 of Maps at Pages 87 - 93, and previously entered into two (2) Tract Developer Agreements with the City of Dublin, one for Street hnprovements and one for Landscaping, to improve said Tract in accordance with plans and specifications on file with the Public Works Director, said Tract was identified as follows: a) Subdivider: b) Tract Location: c) Tract Size: d) Resolution Approving Agreement: e) City Streets Affected: Toll CA II, L.P., A California Limited Partnership West of Fallon Road 110 Single-Family Lots No. 32-02, City of Dublin City Council None WHEREAS, the Tract Developer Agreements were previously amended on March 18, 2003, via City Council Resolution Nos. 44-03 and 45-03, and on March 16, 2004, via City Council Resolution Nos. 41-04 and 42-04 respectively; and WHEREAS, the Street hnprovements associated with Tract 7136 are now complete in accordance with said plans and specifications, and any approved modifications thereto, to the satisfaction of the Public Works Director; and WHEREAS, the developer has installed certain regulatory traffic control devices as a part of the Tract improvements; and WHEREAS, the original Performance Bond and Labor and Materials Bond that guaranteed the street 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 a Maintenance Bond to guarantee the completed work for a one-year period following acceptance; NOW, THEREFORE, BE IT RESOLVED that: 1. The Street hnprovements completed within said Tract are hereby approved and accepted subject to a one-year guarantee period; and 2. The traffic regulatory devices installed by the developer are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: a) Annandale Way, Bay Hill Court, Bellerive Lane, Kingsmill Terrace, Sawmill Lane, Tumberry Court, and Turnberry Drive are designated as "Private Streets." 1 3. The original Performance Bond issued by The Continental Insurance Company (Bond No. 929205107) in the amount of $2,887,560.00 be released; and 4. The original Labor and Materials Bond issued by The Continental Insurance Company (Bond No. 929205107) in the amount of$I,443,780.00 be released; and 5. The submitted Maintenance Bond issued by The Continental Insurance Company (Bond No. 929328729) in the amount of $721,890.00 be accepted as security for the aforesaid one-year maintenance period, said period to commÿnce on this date and terminate on the 2nd day of November, 2005. PASSED, APPROVED AND ADOPTED this 2nd day of November, 2004. AYES: Councilmembers McCormick, Oravetz, Sbranti, and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: G:\CC-MTGS\2004-qtr4\Nov\II-02-04\reso-tr7136.doc(Item 4.2) 2