HomeMy WebLinkAboutReso 02-16 Transit Center Site C-2 Tr 7929 RESOLUTION NO. 2 - 16
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ACCEPTING THE TRACT IMPROVEMENTS
FOR TRACT 7929, DUBLIN TRANSIT CENTER, SITE C-2
WHEREAS, Avalon Dublin Station II, L.P., A Delaware Limited Partnership, the
developer of Tract 7929 Site C-2, previously entered into a Tract Improvement Agreement,
dated August 20, 2013, City Council Resolution No. 133-13, with the City of Dublin, to complete
improvements associated with Tract 7929, Dublin Transit Center Site C-2, in accordance with
plans on file with the City Engineer; and
WHEREAS, the developer provided Faithful Performance and Labor and Materials
Bonds issued by Travelers Casualty and Surety Company of America, to guarantee the Tract
7929 Site C-2 improvements, each in the amount as follows; and
• $325,000.00 for the Tract 7929 Public Improvements — DeMarcus Blvd. & Iron
Horse Parkway (Bond No. 105868160)
• $686,000.00 for the Tract 7929 Private Improvements — Lot 3 Hamlet Lane (Bond
No. 105868162)
• $ 579,000.00 for the Tract 7929 Private Improvements — Lot 4 Campbell Green
(Bond No. 105868161)
WHEREAS, the Tract 7929 Site C-2 improvements are now 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 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 Maintenance Bonds to guarantee the
completed work for a one-year period; and
WHEREAS, Avalon Dublin Station II, L.P. has provided Maintenance Bonds issued by
Travelers Casualty and Surety Company of America, to guarantee the improvements for a one-
year period, in the amounts as follows:
• $81,250.00 for the Tract 7929 — Public Improvements — DeMarcus Blvd. & Iron
Horse Parkway (Bond No. 106322193)
• $171,500.00 for the Tract 7929 — Private Improvements — Lot 3 — Hamlet Lane
(Bond No. 106322195)
• $144,750.00 for the Tract 7929 — Private Improvements — Lot 4 — Campbell Green
(Bond No. 106322194)
NOW, THEREFORE, BE IT RESOLVED that:
1. The tract improvements for Tract 7929 Dublin Transit Center Site C-2 are hereby
approved and accepted, subject to a one-year guarantee period.
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2. The submitted Maintenance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 106322193) in the amount of $81,250.00 for the
for the Tract 7929 — Public Improvements — DeMarcus Blvd. & Iron Horse
Parkway, be accepted as security for the aforesaid one-year warranty period, said
period to commence on this date and terminate on the 19th day of January, 2017.
3. The original Faithful Performance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868160) in the amount of $325,000.00 for the
Tract 7929 — Public Improvements — DeMarcus Blvd. & Iron Horse Parkway be
released.
4. The original Labor and Materials Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868160) in the amount of $325,000.00 for the
Tract 7929 — Public Improvements — DeMarcus Blvd. & Iron Horse Parkway be
released in accordance with the requirements of §66499.7 of the Government
Code of the State of California.
5. The submitted Maintenance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 106322195) in the amount of $171,500.00 for the
for the Tract 7929 — Private Improvements — Lot 3 — Hamlet Lane, be accepted as
security for the aforesaid one-year warranty period, said period to commence on
this date and terminate on the 19th day of January, 2017.
6. The original Faithful Performance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868162) in the amount of $686,000.00 for the
Tract 7929 Private Improvements — Lot 3 Hamlet Lane be released.
7. The original Labor and Materials Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868162) in the amount of $686,000.00 for the
Tract 7929 Private Improvements — Lot 3 Hamlet Lane be released in accordance
with the requirements of §66499.7 of the Government Code of the State of
California.
8. The submitted Maintenance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 106322194) in the amount of $144,750.00 for the
for the Tract 7929 — Private Improvements — Lot 4 — Campbell Green, be
accepted as security for the aforesaid one-year warranty period, said period to
commence on this date and terminate on the 19th day of January, 2017.
9. The original Faithful Performance Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868161) in the amount of $579,000.00 for the
Tract 7929 Private Improvements — Lot 4 Campbell Green be released.
10. The original Labor and Materials Bond issued by Travelers Casualty and Surety
Company of America (Bond No. 105868161) in the amount of $579,000.00 for the
Tract 7929 Private Improvements — Lot 4 Campbell Green be released in
accordance with the requirements of §66499.7 of the Government Code of the
State of California.
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PASSED, APPROVED AND ADOPTED this 19th day of January, 2016, by the following
vote:
AYES: Councilmember Biddle, Gupta, Hart, and Wehrenberg
NOES: None
ABSENT: Mayor Haubert
ABSTAIN: None
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~ Ma Y or Pro Tern
ATTEST:
Atotivt.:4
P PoT/ City Clerk 1
Reso No. 2-16,Adopted 1-19-16, Item 4.7 Page 3 of 3