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HomeMy WebLinkAboutReso 127-12 Schaefer Rch Landscp Imp RESOLUTION NO. 127 - 12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTANCE OF LANDSCAPE IMPROVEMENTS FOR TRACT 6765, SCHAEFER RANCH (SCHAEFER RANCH HOLDINGS, LLC) WHEREAS, Schaefer Ranch Holdings, LLC, the developer of Tract 6765, previously entered into a Landscape Improvement Agreement dated February 20, 2007, Resolution No. 17-07, with the City of Dublin, to complete improvements associated with Tract 6765, in accordance with plans on file with the City Engineer; and WHEREAS, said Landscape Improvement Agreement was secured by faithful performance and payment bonds each in the amounts of$1,365,900.00 (Bond No. 10457060); 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 original bonds that guaranteed the improvements can be released, in accordance with the authority contained in §66499.7 of the Government Code. NOW, THEREFORE, BE IT RESOLVED that: 1. The landscape improvements completed within Tract 6765 are hereby accepted; and 2. All deficiency items have been addressed and no new items are anticipated; and 3. The original Performance Bond issued by The Travelers Casualty and Surety Company of America (Bond No. 104757060) in the amount of $1,365,900.00 be released; and 4. The original Labor and Material Bond issued by The Travelers Casualty and Surety Company of America (Bond No. 104757060) in the amount of $1,365,900.00 be released. PASSED, APPROVED AND ADOPTED this 17th day of July, 2012, by the following vote: AYES: Councilmembers Biddle, Hart, Swalwell, and Mayor Sbranti NOES: None ABSENT: Councilmember Hildenbrand ABSTAIN: None I �1 ATTE Mayor CC City Clerk Reso No 127-12,Adopted 7-17-12, Item 4.6 Page 1 of 1