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CC 04-14-59 Shopping Center, said the Improvement Agreement contains features objectionable to their counsel. He expressed willingness to dedicate the indicated frontage on Stevens Creek Boulevard and to improve this land. He objected to doing the same on the State Highway lest that Division later impose different requirements, or take it upon themsleves to widen and pave. The City Attorney referred to a section of Ordinance 47, the Subdivision Ordinance, which required site plan approval by the City. He informed the Council that the project falls within the meaning of a subdivision and that the owners are in fact, subdividers. Mr. Woodruff took the position he is not a subdivider. After extended discussion, Mr. Woodruff agreed to perform the work of improving a fifteen foot strip of property along Saratoga-Sunnyvale Road and to improve same to whatever extent indicated by soil tests. A slight change was also made in the clause referring to utility relocating and eventually proved satisfactory to the City and the owner. Councilman Lazaneo moved adoption of a resolution authorizing the Mayor to sign the Improvement Agreement, dated April 9, between the City of Cupertino and owners, Woodruff and Wilson; second by Councilman Saich and carried 4 - 0; Councilman Wilson abstained. VI MEETING ADJOURNED AT 11:05 P.M. until April 14 at 4:00 P.M. ADJOURNED REGULAR MEETING OF APRIL 14, 1959, in the City Office 4:00 P.M. I ROLL CALL Councilmen Present: Councilmen Absent: Lazaneo, Nathanson, Pelosi, Saich, Wilson None Commissioners Present: Bell, Craft, Fischer, Rodrigues Mr. Myers, Planning Consultant II Purchase Of The Monta Vista Water Works Mr. Bulot, J. B. Hanauer representative, briefed the Council on the cost analysis. He proposes a revenue bond to be floated over a 25 year period in the amount of $825,000 to cover the purchase price of the system, which is $700,000, and additional costs such as fees. The estimated gross revenue per year is $112,000 for the 1300 connections presently in affect plus the $2,000 monthly flat rate charged to Permanente Cement Company. He also estimates 40% of the gross revenue for maintenance and - '? - operation, the gross revenue being exclusive of the Permanente Cement Company. The price of $700,000 will deliver the Water Works free and clear of an¥ encumbrances, liens, etc. Seventy three thousand dollars (i73,OOO) will be the highest debt service in anyone year. The accumulated surplus over a 25 year period, he estimates at $1,488,000. In the analysis the ultimate expansion is listed as 3225 connections in 25 years, as opposed to 1300 existing. He suggested that a $1,000,000 bond issue be referred to the electorate for apssage, with ~175,OOO being held off the market and retained for future sale as needed. In connection with the Alves Water System, the City Attornelf advised that a one year option be taken for the sum of '2 500 which could be applied toward the purchase price of $5~000. Councilman Saich moved that the City approve an expenditure of ~2,500 for a one year option on the Alves Water System plus $500 legal and incidental fees, the $2,500 to be applied toward the purchase price of $50,000; second by Councilman Lazaneo and carried 4 - 1, Councilman Pelosi opposed. . The Mayor advised Mr. Bulot to incorporate the $50,000 price of the Alves System into the bond issue proposition. III Mr. Myers presented the map which represented his thinking thus far on the general plan for the City of Cupertino, He referred to the different components without which the map itself would be meaningless, mainly the Zoning Ordinance which is under study at the present time by the Planning Commission as a whole. It was brought out that the current and recent appli- cations before the Planning Commission are being considered in the light of the proposed map and supporting ordinances. Discussion revolved around the duties of Mr. Myers and whether or not he is responsible to the Planning Commission or Council. The concensus, not unanimous, appeared to be that the Council had delegated to the Planning Commission authority to direct the activities of Mr. Myers. Mr. Myers said that this had been his understanding and the assumption under which he has been working. IV ADJOURNMENT at 6:45 P.M. Respectfully submitted, f{L"\U~C<- .<, ((tQ~ LAWRENCE K. MARTIN Administrator-Clerk - 8 -