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HomeMy WebLinkAbout13-106 - Resolutions RESOLUTION NO. 13-106 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A RIDER TO THE EXISTING IMPROVEMENT SECURITY FOR TRACT MAP 18096 WHEREAS, Tract Map number 18096, consisting of 32 lots, located at the southwest corner of East Avenue and Via Veneto Drive, was approved by the City of Rancho Cucamonga on April 18, 2012, and all of the requirements established as prerequisite to approval of the final map were met by entry into an Improvement Agreement guaranteed by acceptable Improvement Security by Rancho Victoria Meadows, LLC, as developer; and WHEREAS, said Developer is now submitting for approval a bond reduction rider to their Faithful Performance Bond for the remaining work to be completed. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES, that said Rider to the existing Improvement Security submitted by Rancho Victoria Meadows, LLC, be and the same are hereby approved and the City Clerk is hereby authorized to accept the Rider to the Improvement Security. i�se ace die fo6oK+mJ l>� for formal adoption,celcation and signatures PASSED, APPROVED, AND ADOPTED this 3`d day of July 2013. AYES: Alexander, Michael, Spagnolo, Steinorth, Williams NOES: None ABSENT: None ABSTAINED: None L. ennis Michael, K ayor ATTEST: ice C. Reynolds, C y Clerk I, JANICE C. REYNOLDS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 3`d day of July 2013. Executed this 8'h day of July 2013, at Rancho Cucamonga, California. J ce C. Reynolds, City(-Clerk Resolution No. 13-106 - Page 2 of 3 EXHIBIT "All ENGINEERING DIVISION ESTIMATE FOR BOND PURPOSES Project No.:SUBTT18096 Engineering Reference No.:ROW2013-00379 Quantity 'Unit Activity Unit Price Amount 816 SF Landscape Irrigation System $2.50 $2,040.00 25,679 SF Landscape Maintenance 180 Day $0.18 $4,622.22 1,489 SF Removal Cold Plane Existing Pavement $0.75 $1,116.75 64 LF Street Berm AC $6.00 $384.00 4,686 SF Street Sidewalk PCC 04" $2.50 $11,715.00 9,064 SF Street Drive Approach Residential $3.00 $3,192.00 16 EA Street Curb Core $150.00 $2,400.00 411 TN Street AC (500 to 900 tons) $45.00 $18,495.00 2 EA Street Curbside Drain STD 107-A $500.00 $1,000.00 3 EA Street Adjust Manhole to Grade $400.00 $1,200.00 10 EA Street Adjust Valves/CO to Grade $150.00 $1,500.00 3 EA Traffic Pavement Markings $5.00 $15.00 365 LS Misc A. Pavement transition signing &striping $1.00 $365.00 1,000 LS Misc B. Replace 1 catch basin cover $1.00 $1,000.00 SUBTOTAL: $49,044.97 CONTINGENCY(15%): $7,356.75 TOTAL ESTIMATE: $56,401.72 FAITHFUL PERFORMANCE BOND(100%): $56,400.00 LABOR AND MATERIAL BOND (100%): $56,400.00 MONUMENTATION (CASH)SURETY: NIA Refer to: Revision Number: Dwg 2307-D R1 &2172-SD R2 City Drawing Number: 2307 and 2307-L Sheet Numbers: 1-5 and 1-1-1-12 'Pursuant to City of Rancho Cucamonga Municipal Code Title 12,Chapter 03, Section .130,a cash restoration/delineation deposit shall be made prior to issuance of an Engineering Construction Permit. 06/06/13 Resolution No. 13-106 - Page 3 of 3