CC Resolution No. 7245
RESOLUTION NO. 7245
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING THE FINAL MAP AND IMPROVEMENT PLANS OF
TRACT NO. 7994, SEVEN SPRINGS
LOGATED ALONG STELLING ROAD
DEVELOPER GREGORY GROUP, INC.
ACGEPTING CERTAIN EASEMENTS; AUTHORIZING SIGNING OF FINAL
MAP AND IMPROVEMENT PLANS; AUTHORIZING THE EXECUTION OF
AGREEMENT IN CONNECTION THEREWITH
WHEREAS, there has been presented to the City Council for approval
and for authorization to record final map of Tract No. 7994 located
along Stelling Road showing certain avenues, drives, plaees, and roads
by Gregory Group, Inc.; and
WHEREAS, there has been presented to the Gity Council a proposed
agreement for the construction of streets, curbs, and gutters, and for
other improvements, and good and sufficient bonds, fees, and deposits
as set forth in Exhibit "An having been presented for the faithful
performance of said work and the carrying out of said agreement; and
said map, agreement, and bonds having been approved by the City Attorney:
NOW, THEREFORE, BE IT RESOLVED THAT
a. Said final map and improvement plans of Tract 7994, be and
the same are hereby approved.
b. The offer of dedication for roadway and for easements is
hereby accepted.
c. The City Engineer and the City Clerk are hereby authorized to
sign said final map.
d. The City Engineer is hereby authorized to sign the improvement
plans.
e. The Mayor and the City Clerk are hereby authorized to execute
the agreement herein referred to.
PASSED AND ADOPTED at
of Cupertino on the 6th
vote:
a regular meeting of the City Council of the City
day of July, 1987, by the following
Vote
Members of the City Couneil
AYES:
Gatto, Johnson, Rogers, Sparks
NOES:
Plungy
ABSENT:
None
ABSTAIN:
None
Resolution No.7245
ATTEST:
APPROVE:
/s/ Dorothv Cornelius
City Clerk
Isl W. Reed Soarks
Mayor, City of Cupertino
EXHIBIT "A"
Resolution No. 7245
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT TRACT NO. 7994, SEVEN SPRINGS
GREGORY GROUP, INC.
LOCATION STELLING ROAD
A. Faithful Performance Bond:
FIVE HUNDRED SEVEN THOUSAND AND 0/100 DOLLARS
Site Improvements
Landscaping
THREE HUNDRED NINETY EIGHT THOUSAND AND a/lOa DOLLARS
Recreational Facilities
SIX HUNDRED NINETY FOUR THOUSAND AND a/lOa DOLLARS
B. Labor and Material Bond:
FIVE HUNDRED SEVEN THOUSAND AND a/lOa DOLLARS
Site Improvements
Landscaping
THREE HUNDRED NINETY EIGHT THOUSAND AND a/lOa DOLLARS
Recreational Facilities
SIX HUNDRED NINETY FOUR THOUSAND AND a/lOa DOLLARS
C. Checking and Inspection Fee: Site Improvements
THIRTY THOUSAND FOUR HUNDRED TWENTY AND a/lOa DOLLARS
Landscape
TWENTY THREE THOUSAND EIGHT HUNDRED EIGHTY AND 0/100
D. Indirect City Expenses:
FOUR THOUSAND FIVE HUNDRED SIXTY AND 0/100
Site Improvements
DOLLARS
Landseaping
0/100 DOLLARS
THREE THOUSAND FIVE HUNDRED EIGHTY TWO AND
E. Map Filing Fee:
ONE HUNDRED TWENTY AND a/lOa DOLLARS
F. Development Maintenance Deposit:
THREE THOUSAND AND a/lOa DOLLARS
G. Storm Drainage Fee:
THIRTEEN THOUSAND SIXTEEN AND a/lOa DOLLARS
(No Credit given)
H. One Year Power Cost:
I. Street Trees:
J. Park Fees: ($425,000/Ac) (50% credit)
ZONE II
TWENTY TWO THOUSAND NINE HUNDRED FIFTY AND a/lOa DOLLARS
K. Water Main Extension Deposit:
L. Reimbursement to the Railroad:
ONE HUNDRED SIXTEEN THOUSAND AND 0/100 DOLLARS
507,000
398,000
694,000
507,000
398,000
694,000
30,420
23,880
4,560
3,582
120
3,000
13,016
N/A
By Developer
22,950
By Seperate
Agreement
116,000