HomeMy WebLinkAboutReso 184-12 Sorrento East Neighbrd 6 Imprvmt RESOLUTION NO. 184 - 12
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING IMPROVEMENTS FOR TRACT 7982
TO BE CONSTRUCTED WITH TRACT 7652 FOR BULK GRADING, PARK SITE ROUGH
GRADING AND EROSION CONTROL, AND TRAFFIC SIGNAL MODIFICATION,
APPROVING TRAFFIC REGULATORY CONTROL DEVICES AT THE INTERSECTION OF LEE
THOMPSON STREET AND CENTRAL PARKWAY,
AND APPROVING PARTIAL RELEASE OF SECURITIES FOR IMPROVEMENTS AT PALERMO
WAY AND LEE THOMPSON STREET
SORRENTO EAST, TRACT 7652, NEIGHBORHOOD 6
(STANDARD PACIFIC CORPORATION, A DELAWARE CORPORATION)
WHEREAS, Standard Pacific Corporation, a Delaware Corporation, the developer of Tract
7652, previously entered into a Tract Improvement Agreement dated July 19, 2011, Resolution No.
122-11, with the City of Dublin, to complete improvements for Tract 7652 and construct certain
improvements for Tract 7982 with Tract 7652, including improvements along Palermo Way, Lee
Thompson Street (including traffic signal modifications at Central Parkway), the streambed corridor
pathway along Gleason Drive between Lockhart Street and Fallon Road, the streambed corridor
pathway and along the eastern frontage of Lockhart Street between Gleason Drive and Central
Parkway, the Gleason Drive frontage landscaping along Tract 7652, the Lockhart Street eastern
frontage landscaping between Palermo Way and Central Parkway and the Phase 2 rough grading of
the park site required for Tract 7982, in accordance with plans and specifications on file with the City
Engineer; and
WHEREAS, the improvements for the Traffic Signal Modifications at Lee Thompson Street
and Central Parkway, Bulk Grading, and Park Site Rough Grading and Erosion Control, are complete
in accordance with said plans and specifications, and any modifications thereto, to the satisfaction of
the City Engineer; and
WHEREAS, certain traffic regulatory devices have been installed as part of the Traffic
Modifications at the intersection of Lee Thompson Way and Central Parkway; and
WHEREAS, the Faithful Performance Bond and Labor and Materials Bond that guaranteed
the Park Site Rough Grading and Erosion Control can be released, in accordance with the authority
contained in §66499.7 of the Government Code of the State of California; and
WHEREAS, the Grading Permit Bond that guaranteed the Bulk Grading can be released, in
accordance with the authority contained in §66499.7 of the Government Code of the State of
California; and
WHEREAS, the Faithful Performance and Labor and Materials Bonds that guaranteed the
improvements for the Traffic Signal Modifications at Lee Thompson Street and Central Parkway, can
be released in accordance with the authority contained in §66499.7 of the Government Code of the
State of California, and replaced with Warranty Bonds to guarantee the completed work against any
defects for a one-year period following acceptance; and
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WHEREAS, Standard Pacific Corporation, a Delaware corporation, has provided Warranty
Bonds to guarantee the Traffic Signal Modification Improvements against defects for a one-year
period; and
WHEREAS, the improvements for Palermo Way and Lee Thompson Street are more than
75% complete; and
WHEREAS, the Faithful Performance and Labor and Materials Bonds for the improvements at
Palermo Way and Lee Thompson Street, can be partially released, in accordance with the authority
contained in §66499.7 of the Government Code of the State of California, each in the amount of 25%
of the original bond; and
WHEREAS, Standard Pacific Corporation, a Delaware corporation, has provided a Bond Rider
for the Faithful Performance and Labor and Materials Bonds in the amount of 25% of the original
bond to guarantee construction of the remainder of the improvements.
NOW, THEREFORE, BE IT RESOLVED that:
1. The said "Tract 7982 Traffic Signal Modification at Lee Thompson Street and Central
Parkway to be constructed with Tract 7652" is hereby approved and accepted to a one-
year guarantee period; and
2. The original Faithful Performance Bond issued by Safeco Insurance Company of
America in the amount of $50,000.00 (Bond No. 6753804) for improvements be
released; and
3. The original Labor and Materials Bond issued by Safeco Insurance Company of
America in the amount of $50,000.00 (Bond No. 6753804) for improvements be
released; and
4. The submitted Warranty Bond issued by Safeco Insurance Company of America, in the
amount of $12,500.00 (Bond No. 6753804), for "Tract 7982 Traffic Signal Modification
at Lee Thompson Street and Central Parkway to be constructed with Tract 7652", be
accepted as security for the aforesaid one-year warranty period, said period to
commence on this date and terminate on the 16th day of October, 2013; and
5. The said "Tract 7982 Phase 2 — Park Site Rough Grading and Erosion Control' are
hereby approved and accepted; and
6. The original Faithful Performance Bond issued by Safeco Insurance Company of
America in the amount of $50,000.00 (Bond No. 6753803) for improvements be
released; and
7. The original Labor and Materials Bond issued by Safeco Insurance Company of
America in the amount of $50,000.00 (Bond No. 6753803) for improvements be
released; and
8. The said "Bulk Grading-Tract 7982, Sorrento East, Dublin Ranch, Sheets 1-11" is
hereby approved and accepted; and
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9. The original Grading Permit Bond issued by Safeco Insurance Company of America in
the amount of $50,000.00 (Bond No. 6753786) for "Bulk Grading — Tract 7982,
Sorrento East, Dublin Ranch, Sheets 1-11", be released; and
10. The said improvements for "Tract 7982 Improvements to be Constructed with Tract
7652 at Palermo Way and Lee Thompson Street are hereby more than 75% complete;
and
11. The original Faithful Performance Bond issued by Safeco Insurance Company of
America in the amount of $1,306,000.00 (Bond No. 6753808) for "Tract 7982
Improvements to be constructed with Tract 7652 at Palermo Way and Lee Thompson
Street", be reduced; and
12. The original Labor and Materials Bond issued by Safeco Insurance Company of
America in the amount of $1,306,000.00 (Bond No. 6753808) for "Tract 7982
Improvements to be constructed with Tract 7652 at Palermo Way and Lee Thompson
Street", be reduced; and
13. The submitted Bond Rider for the Faithful Performance and Labor and Materials Bonds
issued by Safeco Insurance Company of America, dated October 3, 2012, in the
reduced amount of $326,500.00 (Bond No. 6753808), be accepted as security to
guarantee construction of the remaining improvements for "Tract 7982 Improvements to
be constructed with Tract 7652 at Palermo Way and Lee Thompson Street"; and
14. The traffic regulatory devices installed by the developer within the development are
hereby included in the City of Dublin Traffic Code, and said regulatory devices to
include the following:
• Traffic signal control at the intersection of Lee Thompson Street and Central
Parkway.
PASSED, APPROVED AND ADOPTED this 16th day of October, 2012, by the following
vote:
AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None 0�,,
ATTEST: Mayor
/ fici4/
City Clerk
Reso No. 184-12, Adopted 10-16-12, Item 4.11 Page 3 of 3