HomeMy WebLinkAbout4.02 ImprovemntsTract 5616
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RESOLUTION NO.
-93
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS IN TRACT 5616
(BRIGHTON MEADOWS)
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:
Subdivider: Brighton Meadows 89
Tract Location: Brighton Drive westerly of Village Parkway
Tract Size: 17 single-family lots
Resolution Approving Final Map: No. 16-92
City Streets Affected: Brighton Drive, Brighton Place, Brighton Court
WHEREAS, said improvements have been completed in accordance with said
plans and specifications, and any approved modifications thereof, to the
satisfaction of the 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 work by the City of Dublin; and
WHEREAS, as the improvements are 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 said Tract be, and they are hereby
approved and accepted subject to the aforesaid one-year guarantee; and
2. The aforesaid original letter of credit security requirement be reduced
from the amount of $286,000 to a revised security requirement in the amount of
$71,500 upon acceptance by Staff of the replacement letter of credit in the said
amount of $71,500 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 letter of credit on behalf of the said City of Dublin; and
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3. The said original letter of credit in the amount of $286,000 posted in
connection with the work involved in the construction of said Tract be hereby
released upon acceptance of said $71,500 letter of credit.
PASSED, APPROVED AND ADOPTED this 8th day of February, 1993.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
a: (9293)\february\reso5616
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