HomeMy WebLinkAboutReso 119-13 Silvera Rch Tassajara Rd Improv RESOLUTION NO. 119 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING THE IN-TRACT IMPROVEMENTS, ACCEPTING THE OFF-SITE
IMPROVEMENTS ON TASSJARA ROAD AND FALLON ROAD, ACCEPTING TRAFFIC
SIGNALS AND APPROVING THE REGULATORY TRAFFIC CONTROL DEVICES FOR
TRACT 7540 — SILVERA RANCH, PHASE 4
WHEREAS, KB Home South Bay, Inc., the developer of Tract 7540, previously entered
into a Tract Improvement Agreement dated November 16, 2010, Resolution No. 162-10, with
the City of Dublin, to complete in-tract and off-site improvements with Tract 7540, in accordance
with plans on file with the City Engineer; and
WHEREAS, the developer provided Faithful Performance and Labor & Materials Bonds,
each in the amount of $233,637.00 for in-tract improvements to guarantee the construction of
these improvements; and
WHEREAS, the developer provided Faithful Performance and Labor & Materials Bonds,
each in the amount of $449,536.00 for off-site improvements on Fallon Road and Tassajara
Road to guarantee the construction 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 traffic signal installations at the intersections of Fallon Road and
Tassajara Road, Fallon Road and Silvera Ranch Drive, and Fallon Road and Cydonia Court are
complete in accordance with said plans and any approved modifications thereto, to the
satisfaction of the City Engineer; and
WHEREAS, the Faithful Performance Bonds and Labor & Materials Bonds for the in-tract
and off-site improvements of Tract 7540 can be released, in accordance with the authority
contained in §66499.7 of the Government Code of the State of California, "Manner of Release
of the Security," and replaced with Warranty Bonds to guarantee the completed work for a one-
year period; and
WHEREAS, KB Home South Bay, Inc., has provided Warranty Bonds in the amounts of
$58,409.25 and $112,384.00, issued by RLI Insurance Company (Bond Nos. CMS 256290 and
CMS 256289) to guarantee the in-tract and off-site improvements, respectively, for a one-year
period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The in-tract improvements for Tract 7540 are hereby approved and accepted
subject to a one-year guarantee period; and
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2. The submitted Warranty Bond issued by RLI Insurance Company (Bond No.
CMS256290) in the amount of $58,409.25 for the in-tract improvements for Tract
3. 7540 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
4. The original Faithful Performance Bond issued by RLI Insurance Company (Bond
No. CMS256290) in the amount of $233,637.00 for the in-tract improvements be
released; and
5. The original Labor & Materials Bond issued by RLI Insurance Company (Bond No.
CMS256290) in the amount of $233,637.00 for the in-tract improvements be
released; and
6. The off-site improvements on Fallon Road and Tassajara Road constructed with
Tract 7540 are hereby approved and accepted to a one-year guarantee period;
and
7. The submitted Warranty Bond issued by RLI Insurance Company (Bond No.
CMS256289) in the amount of $112,384.00 for the off-site improvements for Tract
7540 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
8. The original Faithful Performance Bond issued by RLI Insurance Company (Bond
No. CMS256289) in the amount of $449,536.00 for the Fallon Road
Improvements be released; and
9. The original Labor & Materials Bond issued by RLI Insurance Company (Bond No.
CMS256289) in the amount of $449,536.00 for the Fallon Road Improvements be
released; and
10. The traffic regulatory devices installed by the developer within the City's right-of-
way are hereby included in the City of Dublin Traffic Code, and said regulatory
devices include the following:
A. Traffic Signal at Fallon Road and Tassajara Road
B. Traffic Signal at Fallon Road and Silvera Ranch Drive
C. Traffic Signal at Fallon Road and Cydonia Court
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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
Mayor
ATTEST:
6.4,0 zi
City Clerk
Reso No. 119-13,Adopted 7-16-13, Item 4.5 Page 1 of 3