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CC Resolution No. 7922 RESOIDTION NO. 7922 A RESOIDTION OF THE CITY CXJONCIL OF THE CITY OF aJt'J;;!ti'.lÑO APPROVING PARCEL MAP AND IMPROVEMENT PIANS OF PROPERI'Y LOCATED AT 10760 RAE lANE; DEVEIDPER; B. S. I:HILIDN; AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT; AUIHORIZING SIGNING OF PARCEL MAP AND IMPROVEMENT PIANS WHEREAS, there has been presented to the City Council for approval of the parcel map and improvement plans of property located at 10760 Rae Lane by B. S. I:hillon; 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 aro. 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 canyin;J out of said agreement; aro. said map, agreement, aro. bonds having been approved by the City Attorney; NCM, THEREFORE, BE IT RESOLVED '!HAT a. Said parcel map aro. improvement plans here:in referred to are hereby approved. b. The offer of dedication for street areas and all easements is hereby accepted. c. The city Eng:ineer is hereby authorized to sign said improvement plans. d. The city Eng:ineer and the City Clerk are hereby authorized to sign said parcel map. e. The Mayor and the City Clerk are hereby authorized to execute the agreement here:in referred to. PASSED AND AIJOPI'ED at a regular meetin;J of the city Council of the City of OJpert:ino this 5th day of September , 1989, by the followin;J vote: Vote Members of the City Council AYES: NOFS: ABSENT: ABSTAIN: Johnson, Koppel, Rogers, Plungy None Gatto None ATI'EST: APPROVED: Is/ Dorothy Cornelius city Clerk Isl John J. P1ungy. Jr. Mayor, City of CUpert:ino EXHIBIT "A" SCHEDULE OF BONDS, FEES, AND DEPOSITS DEVELOPMENT Single-Family DEVELOPER B. S. Dhillon LOCATION 10760 Rae Lane A. Faithful Performance Bond: Twenty Seven Thousand Dollars and nol100 Dollars B. Labor and Material Bond: Twenty Seven Thousand Dollars and nol100 Dollars C. Checking and Inspection Fee: One Thousand Three Hundred Fifty Dollars and nol100 Dollars D. Indirect City Expenses: Two Hundred Three Dollars and nollOO Dollars E. Development Maintenance Deposit: One Thousand Dollars and nol100 Dollars F. Storm Drainage Fee: Six Hundred Twenty Eight Dollars and nol100 Dollars G. One Year Power Cost: H. Street Trees: By Developer I. Map Checking Fee: Two Hundred Ten Dollars and no/100Do11ars J. Park Fee: II Twenty One Thousand Dollars and nol100 Dollars K. Water Main Extension Deposit: Three Thousand Seven Hundred Eighty Dollars and nol100 Dollars L. Maps andlor Improvement Plans: As specified in Item 23 of Agreement $27,000.00 $27,000.00 $ 1,350.00 $ 203.00 $ 1,000.00 $ 628.00 NIA $ 210.00 $21,200.00 $ 3,780.00