HomeMy WebLinkAbout4.07 Tract 5180 Improvements Amador Lakes 4/0-5Z
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: September 23 , 1985
SUBJECT: Acceptance of Work - Tract 5180
Substitution of Performance Bond
EXHIBITS ATTACHED: Resolution; Location Map
RECOMMENDATION: 1) Adopt resolution to accept the work
completed in Tract 5180
2 ) Authorize execution and
substitution of performance bond in
the amount of $187, 254 in
connection with the guarantee of
work performed in Tract 5180
FINANCIAL STATEMENT: A bond for $187, 254 to guarantee against
defects for one year has been provided
to the City. Maintenance costs are paid
by homeowner and developer as these are
private streets .
DESCRIPTION: All work in connection with the subject
tract has been completed in accordance with the terms of the
subdivision contract, and acceptance of the work is now in order .
Pertinent information concerning the tract is as follows :
a) Subdivider : Amador Lakes Associates
b) Tract location: South of County line, East of S.P .R.R. r/w,
West of Stagecoach Road
c ) Tract size : 38 . 77 acres, 555 condominium units
d) Resolution approving Final Map: No. 62-84 , City Council of
Dublin
e ) City streets affected: None, streets are private
At the time the City and the subdivider executed the contract for
the Tract improvements, the subdivider was required to post a
set-aside letter in the amount of $1, 152, 750 to provide the
necessary security for the performance of the work involved. As
the work is now completed, the performance security requirement
can be reduced, in accordance with the authority contained in
Section 66499 . 7 of the Government Code, to an amount necessary to
guarantee maintenance of the work for a one-year period following
acceptance of the. work. The subdivider has provided a new
maintenance bond in the amount of $187, 254 which is 25% of the
original bond required for all items except sewer, and which is
sufficient to cover the one-year maintenance guarantee period.
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ITEM NO. 7 COPIES TO: Amador Lakes Assoc .
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 5180
WHEREAS, the owner-subdivider of the aforesaid tract
previously entered into a contract with the City of Dublin to
improve the said tract in accordance with plans and specifications
on file with the City Engineer, said tract identified as follows :
a) Subdivider: Amador Lakes Associates
b) Tract location: South of County line, East of S.R.R.R. r/w,
West of Stagecoach Road
c ) Tract size : 38 . 77 acres, 555 condominium units
d) Resolution approving Final Map: No. 62-84, City Council of
Dublin
e) City streets affected: None, streets are private
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 set-aside letter 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 an accepted subject to the aforesaid
one-year guarantee;
2 . The aforesaid original set-aside letter security
requirement be and it is hereby reduced from the amount of
$1, 152 , 750 to a revised security requirement in the amount of
$187, 254 and the replacement maintenance bond in the said amount
of $187, 254 be and it is hereby accepted 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 . That the said original set-aside letter in the
amount of $1, 152, 750 posted in connection with the work involved
in the construction of the said tract be and it is hereby released
in full .
PASSED, APPROVED AND ADOPTED this 23rd day of
September, 1985 .
AYES :
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
1
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