HomeMy WebLinkAboutReso 118-13 Lee Thompson St Traffic Sig RESOLUTION NO. 118 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF IMPROVEMENTS FOR
TRACT 7982 CONSTRUCTED WITH TRACT 7652
AT LEE THOMPSON STREET AND APPROVAL OF
REGULATORY TRAFFIC CONTROL DEVICES AT LEE THOMPSON STREET
SORRENTO EAST, TRACT 7652, NEIGHBORHOOD 6
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 and Lee
Thompson Street required for Tract 7982, in accordance with plans and specifications on file with the
City Engineer; and
WHEREAS, the developer provided Faithful Performance and Labor & Materials Bonds, each
in the amount of $326,500 to guarantee the improvements for Lee Thompson Street and Palermo
Way, and
WHEREAS, the improvements at Lee Thompson Street 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 Lee Thompson
Street improvements; and
WHEREAS, the Faithful Performance and Labor & Materials bonds for the improvements on
Lee Thompson Street can be released, in accordance with the authority contained in Section
66499.7 of the Government Code of the State of California and replaced with a Warranty Bond to
guarantee the completed work for a one-year period following acceptance; and
WHEREAS, Standard Pacific Corporation has provided a Warranty Bond issued by Safeco
Insurance Company of America, in the amount of $192,500 (Bond No. 6753808), to guarantee the
improvements at Lee Thompson Street against defects for a one year period; and
WHEREAS, Standard Pacific Corporation has provided Bond Riders for Faithful Performance
and Labor & Materials in the amount of $134,000 guaranteeing the remainder of the improvements
at Palermo Way.
NOW, THEREFORE, BE IT RESOLVED that:
1. The said improvements at Lee Thompson Street for "Tract 7982 Improvements to be
Constructed with Tract 7652 at Palermo Way and Lee Thompson Street' are hereby
approved and accepted subject to a one-year guarantee period; and
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2. The submitted Warranty Bond issued by Safeco Insurance Company of America, in the
amount of $192,500 (Bond No. 6753808), for the portion of improvements at Lee
Thompson Street included in "Tract 7982 Improvements to be Constructed with Tract
7652 at Palermo Way and Lee Thompson Street", 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 July, 2014; and
3. The submitted Bond Riders for Faithful Performance and Labor & Materials issued by
Safeco Insurance Company of America, in the reduced amount of $134,000 (Bond No.
6753808), be accepted as security to guarantee construction of the remaining
improvements at Palermo Way for "Tract 7982 Improvements to be constructed with
Tract 7652 at Palermo Way only "; and
4. The original Faithful Performance and Labor & Materials Bonds issued by Safeco
Insurance Company of America, dated October 3, 2012, in the reduced amount of
$326,500 (Bond No. 6753808), be released; and
5. The traffic regulatory devices installed by the developer within the City's right-of-way at
Lee Thompson Street are hereby included in the City of Dublin Traffic Code, and said
regulatory devices to include the following:
• "No Parking" signs on both sides of Lee Thompson Street between Central Parkway
and Giovanni Way.
• "No Parking" signs on the east side of Lee Thompson Street at intersection of Alradi
Lane
• "No Parking" signs on the east side of Lee Thompson Street at intersection of
Bramante Lane
• "STOP" signs and markings installed at the following intersections:
o Lee Thompson Street at Palermo Way
o Lee Thompson Street at Capoterra Way
PASSED, APPROVED AND ADOPTED this 16th day of July, 2013, by the following vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
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City Clerk
Reso No. 118-13,Adopted 7-16-13, Item 4.4 Page 2 of 2