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HomeMy WebLinkAboutItem 3.5 Westerly Group Accept Work Tr 4077 (2) (�09-to° AGENDA STATEMENT CITY COUNCIL MEETING DATE: October 8, 1984 SUBJECT: Acceptance of Work Tract 4077 EXHIBITS ATTACHED: 1) Resolution 2) Location Map 3 ) Bond RECOMMENDATION: 1) Adopt Resolution to accept the work completed in Tract 4077 2 ) Authorize execution and substitution of performance bond in the amount of $117, 500. 00 in connection with the guarantee of work performed in Tract 4077 FINANCIAL STATEMENT: Staff has bond for $117, 500 to guarantee against defects for one year. No immediate maintenance costs other than street lights and sweeping. DESCRIPTION: All work in connection with the subject tract has been completed in accordance with the terms of the subdivision contract, and acceptance of the work is now in order. The original approvals and inspection was performed under the jurisdiction of the County of Alameda. a. Subdivider: The Gregory Group b. Tract Location: Westerly of San Ramon Road c . Tract Size: 47 lots d. City Streets Affected: Via Zapata, Zapata Court, Harlan Road and Padre Way At the time the County and the subdivider executed the contract for the Tract improvements, the subdivider was required to post a performance bond in the amount of $470, 000 . 00 to provide the necessary security for the performance of the work involved. As the work is now completed, the performance security requirement can be reduced, in accordance with the authority contained in Section 66499 . 7 of the Government Code, to an amount necessary to guarantee maintenance of the work for a one- year period following acceptance of the work. The subdivider has provided a new performance bond in the amount of $117, 500 . 00 which is 25% of the original bond required, and which is sufficient to cover the one-year maintenance guarantee period. A new performance bond has been received, and is in order for acceptance by the City Council and execution by the Mayor. ITEM NO. 3m COPIES TO: RESOLUTION NO. 112-84 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN FOR THE ACCEPTANCE OF IMPROVEMENTS TRACT 4077 WHEREAS, the owner-subdivider of the aforesaid tract previously entered into a contract with the County of Alameda to improve the said tract in accordance with plans and specifications on file with the Director of Public Works of the said County of Alameda, said tract identified as follows: a) Subdivider: The Gregory Group b) Tract location: Westerly of San Ramon Road c) Tract size: 47 Lots d) Resolution approving Final Map: 187478, Alameda County e) City streets affected: Via Zapata, Zapata Court, Harlan Road and Padre Way 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 tract work is 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; 2 . The aforesaid original performance bond security requirement be and it is hereby reduced from the amount of $470, 000 . 00 to a revised security requirement in the amount of $117, 500 .00 and the replacement performance bond in the said amount of $117, 500. 00 be and it is hereby accepted as security for the aforesaid one-year guarantee period, and the Mayor of this City Council be and he is hereby authorized and directed to execute the said bond in duplicate on behalf of the said City of Dublin; and 3 . That the said original performance bond in the amount of $470, 000 . 00 posted in connection with the work involved in the construction of the said tract be and it is hereby released in full . 0 PASSED, APPROVED AND ADOPTED this 8th day of October, 1984 . 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