HomeMy WebLinkAboutReso 007-87 K&B Silvergate AI RESOLUTION NO. 7 -87
A RESOLUTION OF .THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 4859
WHEREAS, the owner-subdivider of the aforesaid tract previously
entered into a contract with the City of Dublin to improve said tract in accordance
with plans and specifications on file with the City Engineer, said tract identified
as follows:
a) Subdivider: Kaufman and Broad
b) Tract location: Silvergate Drive.
c) Tract size: There were no residential lots created by this Tract.
d) Resolution approving Final Map: No. 80-84 City Council of Dublin
e) City streets affected: Silvergate Drive
WHEREAS, said improvements have been completed in accordance with
said plans and specifications, and any approved modifications thereof, to the
satisfaction of said City Engineer of the City of Dublin; and
WHEREAS, as a condition of said contract, the subdivider is required
to guarantee the improvements and to maintain the completed work for a period of one
year following acceptance of the work by the said City of Dublin; and
WHEREAS, as the tract work is now completed, the original
performance bond security requirement can be reduced, in accordance with the
authority contained in Section 66499.7 of the Government Code of the State of
California, to an amount found necessary to guarantee maintenance of the completed
work for the aforesaid one-year period;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within the said tract be, and they are
hereby approved and accepted subject to the aforesaid one-year guarantee; and
2. The aforesaid original performance bond security requirement be
reduced from the amount of $924,000 to a revised security requirement in the amount
of $230,000 upon acceptance by Staff of the replacement maintenance bond in the said
amount of $230,000 as security for the aforesaid one-year guarantee period, and the
Mayor of this City Council be, and he is hereby authorized and directed to execute
the said bond on behalf of the said City of Dublin; and
3. The said original performance bond in the amount of $924,000
posted in connection with the work involved in the construction of the said tract be
hereby released upon acceptance of said maintenance bond.
PASSED, APPROVED, AND ADOPTED this 9th day of February, 1987.
AYES:
Councilmembers Hegarty, Moffatt, Snyder, Vonheeder
and Mayor Jeffery
NOES: None
ABSENT: None
ATTEST: