HomeMy WebLinkAboutReso 174-15 Jordan Tr 8073 Accpt Improvmt Mrn G^
RESOLUTION NO. 174 - 15
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ACCEPTING THE TRACT IMPROVEMENTS
AND APPROVING THE REGULATORY TRAFFIC CONTROL DEVICES
FOR TRACT 8073, JORDAN RANCH
WHEREAS, BJP-ROF Jordan Ranch, LLC, the developer of Tract 8073, previously
entered into a Tract Improvement Agreement, dated June 5, 2012, City Council Resolution No.
68-12, with the City of Dublin, to complete improvements associated with Tract 8073, in
accordance with plans on file with the City Engineer; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds, each in the amount of $291,115.00 (Bond No. 0582779), issued by International
Fidelity Insurance Company to guarantee said Tract 8073 improvements; and
WHEREAS, the Tract 8073 improvements are now complete in accordance with said
plans, and any approved modifications thereto, to the satisfaction of the City Engineer; and
WHEREAS, certain traffic regulatory devices have been installed as part of the Tract
8073 improvements; and
WHEREAS, the Faithful Performance Bond 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, and replaced with a Maintenance Bond to guarantee the
completed work for a one-year period; and
WHEREAS, BJP-ROF Jordan Ranch, LLC, has provided a Maintenance Bond in the
amount of $291,115.00 issued by International Fidelity Insurance Company (Bond No.
0582779) to guarantee the improvements for a one-year period.
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 8073 are hereby approved and accepted,
subject to a one-year guarantee period.
2. The submitted Maintenance Bond issued by International Fidelity Insurance
Company (Bond No. 0582779) in the amount of $291,115.00 for the Tract 8073
Improvements, be accepted as security for the aforesaid one-year warranty
period, said period to commence on this date and terminate on the 17th day of
November, 2016.
3. The original Faithful Performance Bond issued by International Fidelity Insurance
Company (Bond No. 0582779) in the amount of $291,115.00 for the Tract 8073
Improvements be released.
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4. The original Labor and Materials Bond issued by International Fidelity Insurance
Company (Bond No. 0582779) in the amount of $291,115.00 for the Tract 8073
Improvements be released in accordance with the requirements of §66499.7 of
the Government Code of the State of California.
5. 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, markings and crosswalks installed at the following intersections:
• Whitehorse Way at the intersection of Jordan Ranch Drive
PASSED, APPROVED AND ADOPTED this 17th day of November, 2015, by the
following vote:
AYES: Councilmembers Biddle, Gupta, Hart, Wehrenberg, and Mayor Haubert
NOES: None
ABSENT: None
ABSTAIN: None
ayor
ATTEST:
at,v Z-
City Clerk
Reso No. 174-15,Adopted 11-17-15, Item 4.6 Page 2 of 2