CC Resolution No. 7247
RESOLUTION NO. 7247
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING PARCEL MAP AND IMPROVEMENT PLANS OF PROPERTY LOCATED
AT VALLCO PARKWAY TO STEVENS CREEK BOULEVARD, TANTAU AVENUE,
INCLUDING FINCH AVENUE; DEVELOPER, VALLCO PARK, LTD.; AUTHORIZING
EXECUTION OF STANDARD IMPROVEMENT AGREEMENT, DEFERRED IMPROVEMENT
AGREEMENT; AND AUTHORIZING SIGNING OF PARCEL MAP AND IMPROVEMENT PLANS
WHEREAS, there has been presented to the City Couneil for approval of
the pareel map and improvement plans of property loeated at Vallco Parkway
to Stevens Creek Boulevard, Tantau Avenue, including Finch Avenue, by
Vallco Park, Ltd.; and
WHEREAS, there has been presented to the City Council a proposed
agreement for the eonstruction of streets, curbs, and gutters, and for
other improvements, and good and suffieient bonds (letter of eredit), fees,
and deposits as set forth in Exhibit "An having been presented for the
faithful performanee of said work and the carrying out of said agreement;
and said map,qgreement, and bonds having been approved by the City Attorney;
WHEREAS, there has also been presented to the City Council a deferred
improvement agreement for contribution towards the regional bus transfer
station, the bus turn-out on Stevens Creek Boulevard, and the frontage
improvements of parcels other than Parcel 2;
NOW, THEREFORE, BE IT RESOLVED THAT
a. Said pareel map and improvement plans herein referred to are
hereby approved.
b. The offer of dedication for street areas and all easements is
hereby accepted.
e. The City Engineer is hereby authorized to sign said improvement
plans.
d. The City Engineer and the City Clerk are hereby authorized to
sign said parcel map and have it recorded.
e. The Mayor and the City Clerk are hereby authorized to execute
the standard agreement and the deferred agreement herein referred to.
f. The deferred agreement shall be recorded with the County Reeorder.
Resolution No. 7247
PASSED AND ADOPTED at a regular meeting of
City of Cupertino on the hth day of Julv
vote:
the City Council of the
, 1987 by the following
Vote
Members of the City Council
AYES:
Gatto, Johnson, Plungy, Rogers, Sparks
NOES:
None
ABSENT:
None
ABSTAIN:
None
ATTEST:
APPROVE:
/s/ Dorothy Gornelius
City Clerk
/s/ W. Reed Sparks
Mayor, City of Cupertino
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOITS
COMMERCIAL DEVELOPMENT
VALL CO PARK, LTD.
VALLCO PARKWAY TO STEVENS CREEK BLVD., TANTAU AVENUE
INCLUDING FINCH AVENUE
**A. Faithful Performance Bond:
Three hundred fifty-four thousand dollars and no cents
**B. Labor and Material Bond:
Three hundred fifty-four thousand dollars and no cents
C. Checking and Inspection Fee:
Thirty-nine thousand two hundred forty dollars and no cents
D. Indirect City Expenses:
Five thousand eight hundred ninety dollars and no cents
E. Development Maintenanee Deposit:
One thousand dollars and no cents
F. Storm Drainage Fee:
Twenty-two thousand four hundred ninety-one dollars and no cents
G. One Year Power Cost:
Two hundred thirty dollars and no cents
H. Street Trees: By Developer
I. Map Cheeking Fee:
Two hundred ten dollars and no cents
J. Park Fee:
K. Water Main Extension Deposit:
L. Maps and/or Improvement Plans:
**Finch Avenue and traffic signal only
$354,000.00
$354,000.00
$ 39,240.00
$ 5,890.00
$ I, 000.00
$ 22,491.00
$
230.00
By Developer
$
210.00
N/A
N/A
N/A