HomeMy WebLinkAboutItem 4.12 CentralPkwyKeegan AICITY CLERK FILE # 600-30
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: August 7, 2001
SUBJECT:
Acceptance of Improvements for Central Parkway, Keegan Street
(Collector B) and Dublin Boulevard
Report prepared by Lee S. Thompson, Public Works Director
ATTACHMENTS:
Resolution Accepting Improvements for Central Parkway,
Keegan Street (Collector B) and Dublin Boulevard, and
approving regulatory traffic control devices within the
installed improvements
Map of Streets
RECOMMENDATION:
dopt Resolution Accepting Improvements and Regulatory Traffic
ontrol Devices on Central Parkway, Keegan Street (Collector B)
and Dublin Boulevard
FINANCIAL STATEMENT:
The City will incur sweeping and other street maintenance costs for
public street improvements within this tract after the fronting Tract
Developer (Toll Brothers) has completed street improvements.
Street lighting maintenance costs for public street lighting will be
paid by the Dublin Ranch Street Light Maintenance Assessment
District. Maintenance of street-side landscaping along Central
Parkway and Dublin Boulevard, will be paid by the Dublin Ranch
Homeowners Association and/or individual property owners.
A maintenance bond in the amount of $1,002,250 has been
provided to the City to guarantee against defects for offsite street
improvements for Central Parkway, Keegan Street (Collector B) and
Dublin Boulevard. Although the improvements are complete, the
through roadways will not be open to the public until the first
residential occupancy.
DESCRIPTION: On March 21, 2000, the City Council approved an Improvement
Agreement and Right-of-Entry with Chang Su O Lin (Jennifer Lin), Frederic Lin and Kevin Lin for
Central Parkway, Keegan Street (Collector B) and Dublin Boulevard, which are part of the proposed
Dublin Ranch Area G development. Conditions of Approval for Master Vesting Tentative Map 7148
COPIES TO: Martin Inderbitzen, for the Lins
ITEM NO.
' G:\DEVELOP\DUBL1N RANCI-BAREAS F-G-I-BAGSTACPT CENTRAL KEEGAN DUBLIN.DOC
required that certain infrastructure improvements be constructed by the developer to facilitate further
development of the 1 O-parcel subdivision of Tract 7148 in Dublin Ranch, Areas F, G and H. The Lins
provided security in the form of a Letter of Credit from the Bank of America in the amoUnt of $6,013,50i~
to secure a faithful performance and labor and materials for the three public streets.
The improvements constructed consisted of Central Parkway from Tassajara Road east to Keegan S~treet
(in Dublin Ranch Area G), Keegan Street (Collector B) between Central Parkway and the extension of
Dublin Boulevard, and Dublin Boulevard from that point west to Tassajara Road. This created a "loop
road" to enable development of Area G.
It is appropriate at this time to allow a reduction in the amoUnt of.the security to 25% of improvement cost
less materials cost for the one-year guarantee period. The Developer has now provided a maintenance
Letter of Credit in the amount of $1,002,250 for offsite improvements, which is 25% (less materials cost)
of the original security required. This amount is sufficient to cover the one-year maintenance guarantee
period.
The improvements that were constructed pursuant to the Improvement Agreement have been completed
to the satisfaction of the Public Works Director and are ready to be accepted. The following regulatory
traffic improvements are proposed to be accepted and approved as part of this development and added to
the City of Dublin Traffic Code:
1).
Dublin Boulevard and Central Parkway shall be designated as Through Streets. Through Streets
are typically collectors or other major streets. Keegan Street (Collector B), which intersects
Dublin Boulevard and Central Parkway, is controlled by stop signs at those two arterials.
2).
All-way stop intersections shall be designated at Central Parkway and Keegan Street (Collector B),
and at Dublin Boulevard and Keegan Street (Collector B).
Although the required street improvements are complete Under the Improvement Agreement, it is not
proposed to open these streets to the public Until the first residence is occupied within Area G of Dublin
Ranch.
Staff recommends that the CoUncil adopt the Resolution accepting improvements and regulatory traffic
control devices at Central Parkway, Keegan Street (Collector B) and Dublin Boulevard.
2
RESOLUTION NO. - O1
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS ON CENTRAL PARKWAY, KEEGAN STREET
AND DUBLIN BOULEVARD AND APPROVING REGULATORY TRAFFIC CONTROL
DEVICES WITHIN THE INSTALLED IMPROVEMENTS
WHEREAS, on March 21, 2000, the Council approved an Improvement Agreement and Right of
Entry for Central Parkway, Keegan Street (Collector B) and Dublin Boulevard with Chang Su O Lin
(Jennifer Lin), Frederic Lin and Kevin Lin; and
WHEREAS, the Lins provided security in the form of a Letter of Credit from the Bank of America
in the amOunt of $6,013,500 to secure the improvements to be constructed, consisting of Central Parkway
from Tassajara Road east to Collector B (in Dublin Ranch Area G), Keegan Street (Collector B) south to
the extension of Dublin Boulevard, and Dublin Boulevard from that point west to Tassajara Road ("Loop
Road"); and
WHEREAS, the improvements to be constructed pursuant to the Improvement Agreement have
been completed to the satisfaction of the Public Works Director and are ready to be accepted; and
WHEREAS, it is appropriate to reduce the amount of the security to 25% of improvement cost
less material cost for the one-year guarantee period required by the Improvement Agreement; and
WHEREAS, the Developer has submitted a maintenance Letter of Credit in the amount of security
agreed to 25% of improvement cost less material cost ($1,002,250) for the one-year guarantee period by
the Improvement Agreement;
NOW, THEREFORE BE IT RESOLVED, the City Council of the City of Dublin hereby resolves:
That the improvements constructed pursuant to the Improvement Agreement and Right of
Entry for Central Parkway, Keegan Street and Dublin Boulevard are hereby accepted;
That the traffic regulatory devices installed by the deVeloper are hereby included in the
City of Dublin Traffic Code, which regulatory devices are as follows:
Central Parkway and Dublin Boulevard are designated as "Through Streets."
(Traffic Code Chapter 6.08),
Bo
All-way stop intersections are designated at Keegan Street and Dublin Boulevard
and at Central Parkway and Keegan Street (Traffic Code Section 6.16.010);
The maintenance bond in the sum of $1,002,250 to secure the Lins' (accountee's)
obligations to maintain the improvements constructed pursuant to the Improvement
Agreement and Right of Entry for Central Parkway, Keegan Street (Collector B) and
Dublin Boulevard for a one-year period is hereby accepted.
PASSED, APPROVED AND ADOPTED this 7th day of August, 2001 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
MAYOR
CITY CLERK
GADevelop\Dub RanchXArea F,G, H\reso acpt central keegan dublin
CENTRAL PARKWAY