HomeMy WebLinkAboutReso 28-13 Fallon Vlg Traffic Control Device RESOLUTION NO. 28 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF IN-TRACT IMPROVEMENTS FOR TRACT 7855, NEIGHBORHOOD "C-3",
POSITANO/ FALLON VILLAGE (BRADDOCK AND LOGAN) AND APPROVAL OF
REGULATORY TRAFFIC CONTROL DEVICES
WHEREAS, Dublin RE Investors, LLC, by Braddock and Logan Services, Inc. (Braddock
and Logan), the developer of Tract 7855, previously entered into an Improvement Agreement
dated August 17, 2010, Resolution No. 128-10, with the City of Dublin, to complete in-tract
improvements associated with Tract 7855, in accordance with plans on file with the City
Engineer; and
WHEREAS, the developer provided performance bonds and a labor and materials
bonds, each in the amount of $ $2,418,570 for in-tract Improvements and $444,040 for
improvements to La Strada Drive to guarantee the installation of these improvements; and
WHEREAS, on April 5, 1011, Resolution No. 32-11 was approved reducing the
performance bonds and labor and materials bonds to $604.642.50 for in-tract improvements
and $111,010 for improvements to La Strada Drive; 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 bonds and labor and materials bonds 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, has provided warranty bonds in the amount of
$604,642.50 and $111,010 issued by Developers Surety and Indemnity Company (Bond Nos.
723855M and 723856M) to guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The in-tract improvements for Tract 7855 are hereby approved and accepted
subject to a one-year guarantee period.
2. The original Performance Bond issued by Developers Surety and Indemnity-
Company (Bond No. 723855S) in the amount of $604,642.50 for the in-tract
improvements be released.
3. The original Labor and Materials Bond issued by Developers Surety and
Indemnity Company (Bond No. 723855S) in the amount of $604,642.50 for the in-
tract improvements be released.
Page 1 of 2
4. The original Performance Bond issued by Developers Surety and Indemnity
Company (Bond No. 723855S) in the amount of $111,010 for the improvements to
La Strada Drive be released.
5. The original Labor and Materials Bond issued by Developers Surety and
Indemnity Company (Bond No. 723855S) in the amount of $111,010 for the
improvements to La Strada Drive 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 installed at the following intersections:
• Moorjani Street and Ducale Way
• Moorjani Street and Molinaro Way
• Moorjani Street and Encanto Way
• Avellina Drive and Molinaro Way
• Avellina Drive and Encanto Way
• Encanto Way at Haggerty Court
• Encanto Way at Castello Court
• Lattari Street and Valentano Drive
• Valentano Drive and La Strada Drive
PASSED, APPROVED AND ADOPTED this 19th day of March, 2013, by the following
vote:
AYES: Councilmembers Gupta, Hart, Haubert, and Mayor Pro Tem Biddle
NOES: None
ABSENT: Mayor Sbranti
ABSTAIN: None
Mayor Pro Tem Biddle
ATTEST:
afro gcr
City Clerk
Reso No. 28-13,Adopted 3-19-13, Item 4.3 Page 2 of 2