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HomeMy WebLinkAbout4.06 Jordan Ranch Tr 8073 Accpt Improvor 19 82 /ii � 111 DATE: TO: FROM: SUBJECT STAFF REPORT CITY COUNCIL November 17, 2015 Honorable Mayor and City Councilmembers CITY CLERK File #600 -60 Christopher L. Foss, City Manager " Acceptance of Improvements for Tract 8073, Jordan Ranch and Approval of Regulatory Traffic Control Devices (BJP -ROF Jordan Ranch, LLC) Prepared by Jayson Imai, Senior Civil Engineer EXECUTIVE SUMMARY: BJP -ROF Jordan Ranch has constructed the improvements for Tract 8073, Jordan Ranch, in accordance with their Tract Improvement Agreement. It is now appropriate for the City to accept the improvements and approve the regulatory traffic control devices. FINANCIAL IMPACT: BJP -ROF Jordan Ranch, LLC, has provided a Maintenance Bond (Bond No. 0582779) in the amount of $291,115.00, issued by International Fidelity Insurance Company, to guarantee the improvements associated with Tract 8073, Jordan Ranch, for one year. Upon acceptance of the Tract 8073 improvements, the City will incur annualized maintenance costs estimated to be $11,300 for street sweeping and street lighting (monthly), slurry seal (every five years) and asphalt concrete pavement overlay (every 20 years). RECOMMENDATION: Staff recommends that the City Council adopt the Resolution Accepting the Tract Improvements and Approving the Regulatory Traffic Control Devices for Tract 8073, Jordan Ranch. "ubmitted By Public Works Director DESCRIPTION: '\ Reviewed By Assistant City Manager BJP -ROF Jordan Ranch, LLC, entered into a Tract Improvement Agreement with the City of Dublin on June 5, 2012, for the construction of street and other tract improvements associated with Tract 8073. The subdivision map for Tract 8073 created 65 single - family lots along Whitehorse Way and Bassetts Way. BJP -ROF Jordan Ranch, LLC, provided a Faithful Performance Bond and a Labor & Materials Bond to guarantee construction of the tract improvements for Tract 8073. At the time the Tract Page 1 of 2 ITEM NO. 4.6 Improvement Agreement was approved, BJP -ROF Jordan Ranch, LLC, had completed approximately 80% of required improvements. Therefore, City Council approved bond amounts for the Faithful Performance and Labor & Materials Bonds equal to twenty five percent (25 %) of the total estimated cost to construct the complete improvements. BJP -ROF Jordan Ranch, LLC has recently completed the construction of the required tract improvements associated with Tract 8073, and is requesting that the bonds for this work be released. IMPROVEMENTS ORIGINAL AMOUNTS STATUS Faithful Performance Labor & Materials Bond Bond (Bond No.) (Bond No.) Tract 8073 $291,115.00 $291,115.00 To Be Released Improvements (0582779) (0582779) BJP -ROF Jordan Ranch, LLC, has provided a Maintenance Bond in the amount of $291,115.00 (Bond No. 0582779) issued by International Fidelity Insurance Company. The bond amount is equal to twenty five percent (25 %) of the full cost of completion of the improvements. The following regulatory traffic control devices will be accepted and approved as part of this project and added to the City of Dublin Traffic Code: A. "STOP" signs, markings and crosswalks installed at the following intersections: • Whitehorse Way at the intersection of Jordan Ranch Drive NOTICING REQUIREMENTS /PUBLIC OUTREACH: A copy of this staff report has been sent to BJP -ROF Jordan Ranch, LLC. ATTACHMENTS: 1. Copy of Tract Map 8073 2. Resolution Accepting the Tract Improvements and Approving the Regulatory Traffic Control Devices for Tract Map 8073, Jordan Ranch Page 2 of 2 1PHIF MAP 8',9 C4 MAP Sr- .3-11 L7 07 1-1 1, Z� ZI n n �i ve- "t s W1 l - Ldj� 11 cy) z CC) :4 z W W< Col. N E- 1-1 1, Z� ZI n n �i ve- "t s W1 l - Ldj� 11 Mq N 1-1 1, 0, tE 11 E ar Ilk' It 1*8 lz�� III 11� I�i k 118 It 110, 411M,1�1� 1 10 c ;004S 6SUL14 40u.0 UIP10, lovul o < zi a) zw Z� ZI n n �i ve- till k � l , I W1 l - Ldj� 11 0, tE 11 E ar Ilk' It 1*8 lz�� III 11� I�i k 118 It 110, 411M,1�1� 1 10 c ;004S 6SUL14 40u.0 UIP10, lovul o < zi a) zw tiro Mti s. I 9m A ve- tiro Mti s. I 9m A RESOLUTION NO. - 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. 1 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. 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: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk 2 Mayor