HomeMy WebLinkAboutItem 4.13 Reg Traffic Devices
CITY CLERK
File # D~[0[(2]-~~
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 17, 2008
ATTACHMENTS:
Acceptance of Improvements and Approval of Regulatory Traffic
Control Devices for Traffic Signals at Grafton Street/Central
Parkway and at Montalcino Street/Central Parkway, and Approval of
Partial Release of Securities for Tract 7644 - Sorrento at Dublin
Ranch (Neighborhood 3)
Report Prepared by: Melissa Morton, Public Works Direc:5(r1vV
I) Resolution Accepting Improvements and Approving the
Regulatory Traffic Control Device for the Grafton Street and
Central Parkway Traffic Signal
2) Resolution Accepting Improvements and Approving the
Regulatory Traffic Control Device for the Montalcino Street
and Central Parkway Traffic Signal, and Approving Partial
Release of Security for Tract 7644 - Sorrento at Dublin
Ranch, Neighborhood 3
SUBJECT:
RECOMMENDATION:
~)
~
2)
Adopt the resolution Accepting Improvements and
Approving Regulatory Traffic Control Device for the Grafton
Street and Central Parkway Traffic Signal;
Adopt the resolution Accepting Improvements and
Approving Regulatory Traffic Control Device for the
Montalcino Street and Central Parkway Traffic Signal, and
Approving Partial Release of Security for Tract 7644 -
Sorrento at Dublin Ranch, Neighborhood 3.
FINANCIAL STATEMENT:
Sorrento at Dublin Ranch I, LP, has provided a warranty bond in the
amount of $60,000 (Bond No. 6515583 by Safeco Insurance
Company of America) to guarantee for one year against any defects
in the traffic signal improvements at Grafton Street and Central
Parkway. A warranty bond in the amount of $60,000 (Bond No.
08840690M by Fidelity and Deposit Company of Maryland) has
been provided to guarantee for one year against any defects in the
COPY TO: Steve Herndon, Toll Bros.
Page 1 of3
ITEM NO. Lf. /3
G:IDEVELOPMENT, PRIV ATEIDublin RanchlSorrentolTract 7644-Neigh 31agst accept traffic signal and partial release of bonds. doc
f)
traffic signal improvements at Montalcino Street and Central
Parkway. The City will incur maintenance costs for the traffic signal
improvements at these two intersections.
In addition, the Performance Bond and Labor and Materials Bond
for the Grafton Street Improvements (Bond No. 6321873 by Safeco
Insurance Company of America) will be reduced to $260,000. The
Performance Bond and Labor and Materials Bond (Bond No.
08840690 by Fidelity and Deposit Company of Maryland) for the
Tract 6644 improvements will be reduced to $116,000.
DESCRIPTION: On June 1,2004 (Resolution 86-04), the Lin Family and Sierra Land
Development Corporation entered into an Improvement Agreement for construction of the Grafton Street
improvements from Central Parkway to Gleason Drive. The Lin Family and Sierra Land Development
Corporation assigned all rights and obligations for this Agreement to Sorrento at Dublin Ranch I, LP, a
California Limited Partnership, as of April 1, 2005.
The Grafton Street improvements include the Grafton Street and Central Parkway traffic signal, which is
now complete. The remaining street improvements are more than 80% complete, and it is estimated that
it will take approximately one year for completion of this project. The City will accept Grafton Street and
Central Parkway traffic signal improvements prior to accepting the full improvements for Grafton Street
from Central Parkway to Gleason Drive.
Sorrento at Dublin Ranch I, LP, provided a Performance Bond, and a Labor and Materials Bond issued by
Safeco Insurance Company of America in the amount of $1,171,000 for Grafton Street improvements
(Bond No. 6321873). These bonds may now be reduced to $260,000 in accordance with the authority
contained in 966499.7 of the Government Code. Sorrento at Dublin Ranch I, LP, has provided a one-year
Warranty Bond issued by Safeco Insurance Company of America in the amount of $60,000 for the
Grafton Street and Central Parkway traffic signal improvements (Bond No. 6515583). Sorrento at Dublin
Ranch I, LP, will provide a Warranty Bond in the amount $260,000 at the time the City accepts the
remaining improvements for Grafton Street from Central Parkway to Gleason Drive.
Sorrento at Dublin Ranch I, LP, entered into a Tract Improvement Agreement with the City of Dublin to
construct improvements required for Tract 7644 - Sorrento at Dublin Ranch, Neighborhood 3. The Tract
7644 improvements include the Montalcino Street and Central Parkway traffic signal, which is now
complete. The remaining Tract 7644 improvements are more than 80% complete, and it is estimated that
it will take approximately one year for completion of this project. The City will accept the Montalcino
Street and Central Parkway traffic signal improvements prior to accepting the full Tract 7644
improvements.
Sorrento at Dublin Ranch I, LP, provided a Performance Bond, and a Labor and Materials Bond issued by
Fidelity and Deposit Company of Maryland in the amount of $794,000 for the Tract 7644 improvements
(Bond No. 08840690). These bonds may now be reduced to $116,000 in accordance with the authority
contained in 966499.7 of the Government Code.
Sorrento at Dublin Ranch I, LP, has provided a one-year Warranty Bond issued by Fidelity and Deposit
Company of Maryland in the amount of $60,000 for the Montalcino Street and Central Parkway traffic
signal improvements (Bond No. 08840690M). Sorrento at Dublin Ranch I, LP, will provide a Warranty
Bond in the amount $116,000 at the time the City accepts the remaining Tract 7644 improvements.
Page 2 of3
Staff recommends that the City Council 1) Adopt the resolution Accepting Improvements and Approving
the Regulatory Traffic Control Device for the Grafton Street and Central Parkway Traffic Signal; and
2) Adopt the resolution Accepting Improvements and Approving the Regulatory Traffic Control Device
for the Montalcino Street and Central Parkway Traffic Signal, and Approving Partial Release of Security
for Tract 7644, Sorrento at Dublin Ranch, Neighborhood 3.
Page 3 of3
I t2~ If
RESOLUTION NO. - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTING IMPROVEMENTS AND APPROVING REGULATORY TRAFFIC CONTROL
DEVICE FOR THE GRAFTON STREET AND CENTRAL P ARKW A Y TRAFFIC SIGNAL
WHEREAS, The Lin Family and Sierra Land Development Corporation and the City of Dublin,
entered into an Improvement Agreement for Grafton Street from Central Parkway to Gleason Drive dated
June 1,2004, Resolution 86-04, to construct said roadway improvements in accordance with plans on file
with the City Engineer; and
WHEREAS, The Lin Family and Sierra Land Development Corporation assigned to Sorrento at
Dublin Ranch I LP, a California Limited Partnership, all rights and obligations to said Agreement as of
April 1, 2005; and
WHEREAS, the roadway improvements associated with Grafton Street from Central Parkway to
Gleason Drive are more than 80% complete and the Labor and Materials Bond and the Performance Bond
issued by Safeco Insurance Company of America in the amount of$I,171,000 for roadway improvements
(Bond No. 6321873) were reduced to an amount of $293,000 on October 2,2007, Resolution 178-07; and
WHEREAS, the Grafton Street and Central Parkway traffic signal improvements are complete in
accordance with said plans, and any approved modifications thereto, to the satisfaction of the City
Engineer; and
WHEREAS, Sorrento at Dublin Ranch I, LP, has provided a Warranty Bond to guarantee the
Grafton Street and Central Parkway traffic signal improvements for a one-year period; and
WHEREAS, the Performance Bond, and the Labor and Materials Bond can be partially released,
in accordance with the authority contained in 966499.7 of the Government Code of the State of California,
WHEREAS, the Grafton Street and Central Parkway traffic signal is a regulatory traffic control
device;
NOW, THEREFORE, BE IT RESOLVED that:
1.
The Grafton Street and Central Parkway traffic signal improvements are hereby approved
and accepted subject to a one-year guarantee period; and
The submitted Warranty Bond issued by Safeco Insurance Company of America in the
amount of $60,000 (Bond No. 6515583) for the Grafton Street and Central Parkway traffic
signal improvements be accepted as security for the aforesaid one-year warranty period,
said period to commence on this date and terminate on the 17th day of June, 2009.
The Labor and Materials Bond issued by Safeco Insurance Company of America in the
amount of $293,000 for Grafton Street improvements (Bond No. 6321873) be reduced to
an amount of $260,000; and
2.
3.
1
-r~ t1 it . lJ '!7)V€ tvi-.(;
ATTACIIRI .t...
~~r 4-
i
4. The Performance Bond issued by Safeco Insurance Company of America in the amount of
$293,000 for Grafton Street improvements (Bond No. 6321873) be reduced to an amount
of $260,000.
5. The traffic signal control at the intersection of Grafton Street and Central Parkway is
hereby included in the City of Dublin Traffic Code.
PASSED, APPROVED AND ADOPTED this 17th day of June, 2008.
YES:
NOES:
ABSENT:
ABSTAIN:
Janet Lockhart, Mayor
ATTEST:
City Clerk
G:IDEVELOPMENT, PRIV ATEIDublin RanchlSorrentolGrafton StlReso accept signal Grafton-Centra1.doc
2
-;) J.
5' q
RESOLUTION NO. - 08
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*********
ACCEPTING IMPROVEMENTS AND APPROVING REGULATORY TRAFFIC CONTROL
DEVICE FOR THE MONTALCINO STREET AND CENTRAL P ARKW A Y TRAFFIC
SIGNAL, AND PARTIAL RELEASE OF SECURITY FOR TRACT 7644,
SORRENTO AT DUBLIN RANCH, NEIGHBORHOOD 3
WHEREAS, the subdivider of Tract 7644, Sorrento at Dublin Ranch I, LP, a California Limited
Partnership, filed on August 24, 2006, in Book 291 of Maps at Pages 83-86, previously entered into a
Tract Improvement Agreement with the City of Dublin dated August 1, 2006, Resolution 143-06, to
improve said Tract in accordance with plans on file with the City Engineer; and
WHEREAS, the Montalcino Street and Central Parkway traffic signal improvements, are
complete in accordance with said plans, and any approved modifications thereto, to the satisfaction of the
City Engineer; and
WHEREAS, the remammg improvements for Tract 7644 are more than 80% complete in
accordance with said plans, and any approved modifications thereto, to the satisfaction of the City
Engineer; and
WHEREAS, Sorrento at Dublin Ranch I, LP, has provided a Warranty Bond to guarantee the
Grafton Street and Central Parkway traffic signal improvements for a one-year period; and
WHEREAS, the Performance Bond, and the Labor and Materials Bond can be partially released,
in accordance with the authority contained in 966499.7 of the Government Code of the State of California;
and
WHEREAS, the Montalcino Street and Central Parkway traffic signal is a regulatory traffic
control device;
NOW, THEREFORE, BE IT RESOLVED that:
1. The Montalcino Street and Central Parkway traffic signal improvements installed as part of
the Tract 7644 project are hereby approved and accepted subject to a one-year guarantee
period; and
2. The submitted Warranty Bond issued by Fidelity and Deposit Company of Maryland in the
amount of $60,000 (Bond No. 08840690M) for the Montalcino Street and Central Parkway
traffic signal improvements as part of the Tract 7644 project be accepted as security for the
aforesaid one-year warranty period, said period to commence on this date and terminate on
the 17th day of June, 2009; and
3. The original Labor and Materials Bond issued by Fidelity and Deposit Company of
Maryland in the amount of $794,000 for the Tract 7644 improvements (Bond No.
08840690) be reduced to an amount of$116,000; and
1
ATTAC_ENT Z.
LI :1' u
4. The original Performance Bond issued by Fidelity and Deposit Company of Maryland in
the amount of $794,000 for the Tract 7644 improvements (Bond No. 08840690) be
reduced to an amount of$116,000; and
5. The traffic signal control at the intersection of Montalcino Street and Central Parkway is
hereby included in the City of Dublin Traffic Code.
PASSED, APPROVED AND ADOPTED this 17th day of June, 2008.
YES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Janet Lockhart, Mayor
City Clerk
G:\DEVELOPMENT, PRIV A TE\Dublin Ranch\Sorrento\Tract 7644-Neigh 3\Reso acpt Central-Montalcino signal and bond reductions. doc
2