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CC Resolution No. 04-325 RESOLUTION NO. 04-325 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING THE PARCEL MAP AND IMPROVEMENT PLANS OF PROPERTY LOCATED AT 21949 LINDY LANE, APN 356-25-016; DEVELOPER, MOXLEY PROPERTIES-CUPERTINO, A CALIFORNIA LIMITED PARTNERSHIP; AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT; AUTHORIZING SIGNING OF PARCEL MAP AND IMPROVEMENT PLANS WHEREAS, there has been presented to the City Council for approval of the parcel map and improvement plans of property located at 21949 Lindy Lane, APN 356-25-016 by Moxley Properties-Cupertino, a California Limited Partnership; and WHEREAS, there has been presented to the City Council a proposed agreement for the construction of streets, curbs, and gutters and for other improvements, and good and sufficient bonds (letter of credit), fees, and deposits 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. b. c. d. e. Said parcel map and improvement plans herein referred to are hereby approved. The offer of dedication for street areas and all easements is hereby accepted. The City Engineer is hereby authorized to sign said improvement plans. The City Engineer and the City Clerk are hereby authorized to sign said parcel map and have it recorded. The Mayor and the City Clerk are hereby authorized to execute the agreement herein referred to. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 7th day of June 2004, by the following vote: Vote AYES: NOES: ABSENT: ABSTAIN: Members Qfthe Q!y Council James, Kwok, Lowenthal, Sandoval, Wang None None None APPROVED: ATTEST: Ci~>~tl Resolution No. 04-325 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Three Single Family Homes Moxley Properties-Cupertino, a California Limited Partnership LOCATION: 21949 Lindy Lane A. Faithful Performance Bond: $ 94,605.50 NINETY-FOUR THOUSAND SIX HUNDRED FIVE AND 501100 DOLLARS B. Labor and Material Bond: $ 94,605.50 NINETY-FOUR THOUSAND SIX HUNDRED FIVE AND 50/100 DOLLARS C. Checking and Inspection Fees: $ 4,730.28 FOUR THOUSAND SEVEN HUNDRED THIRTY AND 28/100 DOLLARS D. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 E. Storm Drainage Fee: Basin #2 TWO THOUSAND EIGHTY AND 00/100 DOLLARS $ 2,080.00 F. One Year Power Cost: NA G. Street Trees: By Developer H. Map Checking Fee: FOUR HUNDRED SIXTY-THREE AND 001100 DOLLARS $ 463.00 I. Park Fee: Zone III $ 31,500.00 THIRTY-ONE THOUSAND FNE HUNDRED AND 00/100 DOLLARS J. Water Main Reimbursement: N/A K. Maps and/or Improvement Plans: As specified in Item #21 of agreement