HomeMy WebLinkAboutReso 02-12 Positano Reg Traffic Control
RESOLUTION NO. 2 - 12
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ACCEPTANCE OF IN-TRACT IMPROVEMENTS FOR TRACT 7854, NEIGHBORHOOD "B ",
POSITANOI FALLON VILLAGE (BRADDOCK AND LOGAN) AND APPROVAL OF
REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, Braddock and Logan Group II; L. P., the developer of Tract 7854, previously
entered into an Improvement Agreement dated April 15, 2008, Resolution No. 56-08, with the .
City of Dublin, to complete in-tract improvements associated with Tract 7854, in accordance
with plans on file with the City Engineer; and
WHEREAS, the developer provided a performance bonds and a labor and materials
bonds, each in the amount of $ $962,120 for Phase 1 Improvements and $244,310 for Phase 2
improvements, to guarantee the installation of these improvements; and
WHEREAS, the improvements are complete in accordance with said plans, and any
approved modifications thereto, to the satisfaction of the City Engineer, and
WHEREAS, the performance bond and labor and materials bond can be released, in
accordance with the authority contained in Section 66499.7 of the Government Code of the
State of California, "Manner of Release of the Security," and replaced with a warranty bond to
guarantee the completed work for a one-year period; and
WHEREAS, Braddock and Logan Group II, L. P., has provided warranty bonds in the
amount of $1,206,430 issued by Insurance Company of the West (Bond No, 227 43 63A and
Bond No. 22743 64A) to guarantee the improvements for a one-year period; and
WHEREAS, Braddock and Logan Group II, L. P., has provided a performance bond and
labor and materials bond, each in the amount of $187,960 issued by the Developers Insurance
and Indemnity Company (Bond No. 724224S), to guarantee completion of landscaping in the
Neighborhood "B" stormwater quality pond.
NOW, THEREFORE, BE IT RESOLVED that:
1. The in-tract improvements for Tract 7854, are hereby approved and accepted
subject to a one-year guarantee period.
2. The original Performance Bond issued by Insurance Company of the West (Bond
No. 2274363) in the amount of $962,210 for the improvements be released.
3. The original Labor and Material Bond issued by Insurance Company of the West
(Bond No. 227 43 63) in the amount of $962,210 for the improvements be
released.
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4. The original Performance Bond issued by Insurance Company of the West (Bond
No. 2274364) in the amount of $244,310 for the improvements be released.
5. The original Labor and Material Bond issued by Insurance Company of the West
(Bond No. 227 43 64) in the amount of $244,310 for the improvements be
released.
6. The traffic regulatory devices installed by the developer within the development
are hereby included in the City of Dublin Traffic Code, said regulatory devices to .
include the following:
A. STOP signs and markings
intersections:
have been installed at the following
. La Strada Drive and Farino Drive
. La Strada Drive and Montiano Lane
. Salerno Drive and Vannucci Way
. Salerno Drive and Farino Drive
. Vannucci Way and Cerreta Street
. Cerreta Street and Montelena Court
. Cerreta Street and Palatino Court
. Cerreta Street and Farino Court
. Farino Drive and Montiano Lane
. Farino Drive and Cantalise Drive
. Cantalise Drive and Montiano Lane
. Montiano Lane arid Vannucci Way
. Montiano Lane and Lorenzo Court
PASSED, APPROVED AND ADOPTED this 17th day of January, 2012, by the following
vote:
AYES: Councilmembers Biddle, Hildenbrand, Swalwell, and Mayor Pro Tern Hart
NOES: None
ABSENT: Mayor Sbranti
ABSTAIN: None
ATTEST:5k .
~i~ ~~
tIn- City Clerk
Reso No. 2-11, Adopted 1-17-12, Item, 4.4
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