HomeMy WebLinkAboutReso 174-13 Sorrento West TR 7646 Amalfi RESOLUTION NO. 174 - 13
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTANCE OF TRACT IMPROVEMENTS FOR TRACT 7646, SORRENTO WEST
NEIGHBORHOOD 5, "AMALFI" (TOLL BROTHERS, INC.)
WHEREAS, Sorrento at Dublin Ranch I, LP, a California Limited Partnership owned by
wholly-owned subsidiaries of Toll Brothers, Inc., the developer of Tract 7646, previously entered
into a Tract Improvement Agreement dated March 6, 2007, Resolution No. 24-07, with the City
of Dublin, to complete tract improvements associated with Tract 7646, in accordance with plans
on file with the City Engineer; and
WHEREAS, the developer provided a Faithful Performance Bond and a Labor and
Materials Bond issued by Safeco Insurance Company of America, each in the amount of
$382,000.00 to guarantee the installation 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 Faithful Performance Bond and Labor and Materials Bond 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; and
WHEREAS, Toll Brothers, Inc., has provided a Maintenance Bond in the amount of
$95,500.00 issued by Safeco Insurance Company of America (Bond No. 6460330M) to
guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements for Tract 7646 are hereby approved and accepted subject to a
one-year guarantee period; and
2. The Faithful Performance Bond issued by Safeco Insurance Company of America
(Bond No. 6460330) in the amount of $382,000.00 for the tract improvements, be
released; and
3. The Labor and Materials Bond issued by Safeco Insurance Company of America
(Bond No. 6460330) in the amount of $382,000.00 for the tract improvements, be
released; and
4. The submitted Maintenance Bond in the amount of $95,500.00 (Bond No.
6460330M) issued by Safeco Insurance Company of America, for the Tract 7646
improvements, be accepted as security for the aforesaid one-year warranty
period, said period to commence on this date and terminate on the 15th day of
October, 2014.
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PASSED, APPROVED AND ADOPTED this 15th day of October, 2013, by the following
vote:
AYES: Councilmembers Gupta, Hart, and Haubert, and Mayor Pro Tern Biddle
NOES: None
ABSENT: Mayor Sbranti
ABSTAIN: None
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Mayor Pro Tern
ATTEST:
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City Clerk
Reso No. 174-13,Adopted 10-15-13, Item 4.5 Page 2 of 2