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CC Resolution No. 9763RESOLUTION NO. 9763 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING PARCEL MAP AND IMPROVEMENT PLANS OF PROPERTY LOCATED AT 1358 SOUTH STELLING ROAD, APN 366-17-098; DEVELOPER DEBCOR CORPORATION; AUTHORIZING SIGNING 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 1358 South Stelling Road by Debcor Corporation; 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 as set forth in Exhibit "A" 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 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 6th day of January, 1997, by the following vote: Vote Members o.f the City Council AYES: Burnett, NOES: None ABSENT: None ABSTAIN: None Chang, Dean, Sorensen, Bautista ATTEST: City Clerk APPROVED: ,"~ity of~t~pertino Resolution No. 9763 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Single-Family Homes Debcor Corporation LOCATION: 1358 South Stelling Road A. Faithful Performance Bond: $23,133.00 TWENTY-THREE THOUSAND ONE HUNDRED THIRTY-THREE THOUSAND & 00/100 DOLLARS B. Labor and Material Bond: $23,133.00 TWENTY-THREE THOUSAND ONE HUNDRED THIRTY-THREE THOUSAND & 00/100 DOLLARS C. Checking and Inspection Fee: $ 1,744.00 ONE THOUSAND SEVEN HUNDRED FORTY-FOUR AND 00/100 DOLLARS D. Indirect City Expenses: N/A E. Development Maintenance Deposit: $ 1,000.00 ONE THOUSAND AND 00/100 DOLLARS F. Storm Drainage Fee: $ 293.74 TWO HUNDRED NINETY-THREE AND 74/100 DOLLARS G. One Year Power Cost: $ 36.00 THIRTY-SIX AND 00/100 DOLLARS H. Street Trees: By Developer I. Map Checking Fee: N/A J. Park Fee: Zone I $15,750.00 Acct. #480-416-011 FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS K. Water Main Reimbursement Fee: $ 2,252.70 TWO THOUSAND TWO HUNDRED FIFTY-TWO AND 70/100 DOLLARS L. Maps and/or Improvement Plans: As specified in Item No. 23 of agreement