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Home My WebLink AboutItem 4.08 Terraces Dublin Rch Tr 7327 CITY CLERK File # D~~[]-~@] AGENDA STATEMENT CITY COUNCIL MEETING DATE: August 7, 2007 SUBJECT: Acceptance of Improvements Associated with Tract 7327 "Terraces", Dublin Ranch Area G, Neighborhood H-2, Phase 1 (Toll-Dublin, LLC) Report Prepared by: Mark Lander, City Engineer ATTACHMENTS: 1) 2) Resolution Location Map RECOMMENDATION: ~. Adopt the Resolution accepting the improvements for Tract 7327, Dublin Ranch Area G, Neighborhood H-2 (Phase 1), and approving the regulatory traffic control devices. ~~ FINANCIAL STATEMENT: Toll-Dublin, LLC (Toll Brothers, Inc.), has provided a Maintenance Bond in the amount of $208,500.00 (Bond No. 929431914) to replace the Performance and Labor and Materials Bonds that guaranteed the improvements. The Maintenance Bond will guarantee against defects for one year. All internal streets are Private Streets, and these Private Streets and landscaping within the common areas will be maintained by the Dublin Ranch Villages Terraces Owners Association. DESCRIPTION: Toll-Dublin, LLC, recently completed on-site and landscape improvements associated with Tract 7327, Dublin Ranch Area G, Neighborhood H-2 (Phase 1). Tract 7327 is located east of Brannigan Street, west of Keegan Street, north of Dublin Boulevard and south of Maguire Way within the northeast comer of Area G of the Dublin Ranch Development. The work was governed by a Tract Developer Agreement executed on November 5, 2002, via City Council Resolution No. 203-02. The developer has completed the work governed by this agreement. Since the street improvements have been constructed pursuant to the Tract Developer Agreement and to the satisfaction of the Public Works COPY TO: Jon Paynter, Toll-Dublin, LLC Page 1 of2 ITEM NO. ~,~ G:\DEVELOPMENT, PRIV ATE\Dublin Ranch\Area G\H2 - Tract 7327\AgstacPUmp.doc CY Director, it is now appropriate for the improvements to be accepted by the City. All internal streets are Private Streets, and these Private Streets and landscaping within the common areas will be maintained by the Dublin Ranch Villages Terraces Owners Association. The following regulatory traffic control devices will be accepted and approved as part of this project and added to the City of Dublin Traffic Code: A. Carnmore Place is designated as a "Private Street." At the time the City and Toll-Dublin, LLC, executed the Tract Developer Agreement for the on-site and landscape improvements, the developer provided Performance and Labor and Materials Bonds, each in the amount of $462,000.00 for site improvements and $372,000.00 for landscaping for a total bond amount of $834,000.00 to guarantee performance of the work. Now that the work is complete, these bonds may be released in accordance with the authority contained in ~66499.7 of the Government Code, and replaced with a Maintenance Bond in an amount necessary to guarantee the work for a one-year period following acceptance. The developer has provided a Maintenance Bond in the amount of $208,500.00, which is 25% of the original Performance Bond, and which is sufficient to guarantee the improvements for a one- year period after acceptance. Staff recommends that the City Council adopt the Resolution accepting the improvements for Tract 7327, Dublin Ranch Area G, Neighborhood H-2 (Phase 1), and approving the regulatory traffic control devices. Page 2 of2 1~3 RESOLUTION NO. - 07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTANCE OF IMPROVEMENTS FOR TRACT 7327 (DUBLIN RANCH AREA G, NEIGHBORHOOD H-2, PHASE 1) AND APPROVING REGULATORY TRAFFIC CONTROL DEVICES WHEREAS, the subdivider of Tract 7327, filed on November 25,2002, in Book 267 of Maps at Pages 69 - 72, previously entered into a Tract Developer Agreement with the City of Dublin to improve said Tract in accordance with plans and specifications on file with the Public Works Director, said Tract identified as follows: a) Subdivider: b) Tract Location: c) Tract Size: d) Resolution Approving Agreement: e) City Streets Affected: Toll-Dublin, LLC, a California Limited Partnership West of Keegan Street, south of Maguire Way and north of Dublin Boulevard 3 Lots, 626 Multi-Family Units No. 203-02, City of Dublin City Council None WHEREAS, the Street Improvements associated with Tract 7327 are 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 part of the Tract improvements; and WHEREAS, the original improvement Performance Bonds and Labor and Materials Bonds 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 improvements completed within said Tract are hereby approved and accepted subject to a one-year guarantee period; and 2. The regulatory traffic devices installed by the developer are hereby included in the City of Dublin Traffic Code, said regulatory devices to include the following: a) Carnmore Place is designated as a "Private Street"; and 3. The original Performance Bond issued by The Continental Insurance Company (Bond No. 929269650) in the amount of $462,000.00 for site improvements be released; and 1 mArnDrD71 o<~j 4. The original Labor and Materials Bond issued by The Continental Insurance Company (Bond No. 929269650) in the amount of $462,000.00 for site improvements be released; and 5. The original Performance Bond issued by The Continental Insurance Company (Bond No. 929269651) in the amount of $372,000.00 for landscaping be released; and 6. The original Labor and Materials Bond issued by The Continental Insurance Company (Bond No. 929269651) in the amount of $372,000.00 for landscaping be released; and 7. The submitted Maintenance Bond issued by The Continental Insurance Company in the amount of $208,500.00 (Bond No. 929431914) 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 August, 2008. PASSED, APPROVED AND ADOPTED this 7th day of August, 2007, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk G:\DEVELOPMENT, PRlVATE\Dublin Ranch\Area G\H2 - Tract 7327\resoacpUmp.doc 2 UJ .1'- ~ f.jQ co '" ~ UJ -.t<NO O {:::':.d U <( or:.::! f'- gz ~~~ g C\l. ~ &-< 2S ~ u.. ,..,-. 0.. .... ....R Z ::i Iii ......; 00-;:3<( , - 0 <...,..", N a f'- ~ :0 ":~S '"' 0 ~:. ~ ~ ~ ~ Q >= ~ i~ ~ Z ~>-<~ r- ..:.~ I-( l:l-. ea ~o 5 ~ I~ u ~ .... ~ ~ >< 0 g I~ ~ 0 Ol:Cl Eo-< U <( t .......,~ s~~u<( ad ~z C.i:is:.il Q L-.... 0 1> l:l-. l.i.J "-~)-7( . c-' U ::s Q en ::::E ,CO\c'IIJ:,._'" ./ ro. ST1l. USCI<CS MOO. '11/4' BRASS DISC l:CI ::s l:l-. <( 'Si*,C"'~;, .j._..-'~ \..\~t/. 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