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CC Resolution No. 05-134 RESOLUTION NO. 05-134 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN AMENDMENT TO THE AGREEMENT WITH THE CUPERTINO UNION SCHOOL DISTRICT AND THE CUPERTINO SCHOOLS PUBLIC FACILITIES FINANCING CORPORATION PERTAINING TO MAINTENANCE AND IMPROVEMENT OF CERTAIN OPEN SPACE AREAS WITHIN CERTAIN SCHOOLS; PROVIDING FOR AN ANNUAL PAYMENT BY CUPERTINO UNION SCHOOL DISTRICT TO HELP DEFRAY AND OFFSET INFLATIONARY COSTS AND AUTHORIZING THE CITY TO RECEIVE SAID FUNDS WHEREAS, the City of Cupertino and the Cupertino Union School District (CUSD) entered into an agreement in April 1981 for maintenance and improvement of various elementary and middle school sites; and WHEREAS, inflationary costs of maintenance and construction have resulted in a 3-5% annual increase in the cost to the City; and WHEREAS, in recognition of the many contributions the City makes in support of CUSD, the District staff has agreed to a proposal to offset inflationary costs by making an annual contribution of 4.5% of the current costs of the maintenance agreement. NOW, THEREFORE, BE IT RESOLVED, THAT the City Council of the City of Cupertino hereby authorizes the City Manager to negotiate and execute an amendment to the 'i\greement with the Cupertino Union School District and the Cupertino Schools Public Facilities Financing Corporation Pertaining to Maintenance and Improvement of Certain Open Space Areas Within Certain School Sitd'to provide for an annual payment by Cupertino Union School District to help defray and offset inflationary costs. BE IT FURTHER RESOLVED, THAT the City Council authorizes the City to receive said funds for Cupertino Union School District for said purpose. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1 6th day of August, 2005, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: Kwok, Lowenthal, Sandoval, Wang, James None None None . ß4 d~H Mayor, City of Cupertino ATTEST: