HomeMy WebLinkAboutItem 4.2 Silvergate Dr Tr4991 (2)
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CITY OF DUBLIN
AGE!lJDA srATa-tENl'
City Council Meeting Date: July 14, 1986
SUBJEcr:
EXHIBITS ATTACHED:
Resolution; Location Map
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1) Adopt resolution to accept the work completed in Tract
4991
2) Authorize Staff to accept maintenance bond in
connection with guarantee of work at future date.
FINANCIAL STATa-tENl':
A bond in the amount of $186,500 to guarantee against
defects for one year will be provided to the City. There
are no immediate maintenance costs to the City 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.
Pertinent information concerning the tract is as follows:
Kaufman and Broad
West and Northwesterly of Silvergate Drive and castilian
Road.
c) Tract Size: 48 Lots
d) Resolution approving Final Map: No. 86-84 City COuncil of Dublin
e) City streets affected: Creekside Drive, Wild cat Court, Barn Hollow Court
a) Subdivider:
b) Tract Location:
At the time the City and the subdivider executed the contract for the Tract
improvements, the subdivider was required to provide a performance bond in the amount of
$746,000 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 will provide a new maintenance bond in the
amount of $186,500, which is 25% of the original bond required, and which is sufficient
to cover the one-year maintenance guarantee period, at a future date.
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ITa-t NO.
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COPIES TO:
Kaufman and Broad
MARC Sweeping
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RESOwrION NO. 63-86
A RESOLlJI'ION OF THE CITY CXXJNCIL
OF THE CITY OF DUBLIN
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FCR THE ACCEPTANCE OF IMPR<NEMENl'S
TRAeI' 4991
WHEREAS, the owner-subdivider of the aforesaid tract previously
entered into a contract with the city of Dublin to improve said tract in accordance
with plans and specifications on file with the city Engineer, said tract identified
as follows:
a) Subdivider: Kaufman and Broad
b) Tract location: West and northwesterly of Silvergate Drive and
Castilian Road
c) Tract size: 48 Lots
d) Resolution approving Final Map: No. 86-84 City Council of Dublin
e) City streets affected: Creekside Drive, Wild Cat Court, Barn Hollow
,
Court .
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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;
NCW, 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; and
2. The aforesaid original performance bond security requirement be
reduced from the amount of $746,000 to a revised security requirement in the amount
of $186,500 upon acceptance by Staff of the replacement maintenance bond in the said
amount of $186,500 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 on behalf of the said City of Dublin; and
3. The said original performance bond in the amount of $746,000
posted in connection with the work involved in the construction of the said tract be
hereby released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this 14th day of July, 1986.
AYES:
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Councilmernbers Hegarty, Jeffery, VOnheeder" and Mayor Snyder
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NOES:
None
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ABSENT: Councilmernber Moffatt
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Mayor
ATTEST:
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. City Cler
Item 4.2 Exhibit Missing
Location Map