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CC Resolution No. 7511 RFSOIlJI'ICN NO. 7511 A RFSOIlJI'ION OF 'IHE CITY CXXJNCIL OF '!HE CITY OF CIJPERl'lliO APPOOVING PARCEL MAP AND IMPRDVEMENl' PLANS OF PROPERI'Y LOCATED Kr 'IHE SOO'IHWEST OORNER OF Sl'ELLING AND RAINJ3CM; DEVEIDPER, 'IUNG-I<UANG SUNG AND CHIN-MEI SUNG; AUIHORIZING EXEC.Ul'ION OF IMPRDVEMENl' 1\GREEMENl'; AUIHORIZING SIGNING OF PARCEL MAP AND IMPROVEMENl' PLANS WHEREAS, there has been presented to the City Council for approval of the pa:rc:el map and ~ement plans of property located at the southwest corner of Stelling and Rainbow by 'I'lJn;J-RUang StmJ and Chin-Mei StmJ; and WHEREAS, there has been presented to the City Council a proposed agreement for the construction of streets, curbs, and gutters, and for other iIrprovements, and good and sufficient J:x:>ms (letter of credit) , fees, and deposits as set forth in Exhibit "A" having been presented for the faithful performance of said "IOrk and the canying out of said agreerrent; and said map, agreement and J:x:>ms having been approved by the city Attorney; NCM, 'nlEREFORE, BE IT RFSOLVED '!HAT a. Said pa:rc:el map and iIrprovement plans herein referred to are hereby approved. b. '!he offer of dedication for street areas and all easements are hereby accepted. c. '!he city Engineer is hereby authorized to sign said iIrprovement plans. d. '!he City Engineer and the city Clerk are hereby authorized to sign said pa:rc:el map and have it recorded. e. '!he Mayor and the City Clerk are hereby authorized to execute the agreement herein referred to. PASSED AND AOOPI'ED at a city of CUpertino this hJ-h following vote: regular meeting of the City Council of the day of .Tune 1988 by the RFSOIlJI'ION NO. 7511 vote ~hø1"S of the City Council AYES: Koppel, Plungy, Rogers, Gatto NOES: None ABSENT: Johnson ABSTAIN: None A'ITEST: /s/ Roberta A. Wolfe Deputy' City Clerk APPROVED: /s/ John M. Gatto Mayor, city of CUpertino RFSOIlJI'ICN NO. 7511 EXHIBIT "A" saŒ:IXJIE OF BJND, FEES, AND DEFœlTS DEVELOmENT: Residential IOCATION: 'I'un;J-KI.1an;J ~ and Oùn-Mei ~ Stelling Road and Rainbow Drive A. Faithful Performance Bon:1: Forty-four 'lhousand and 00/100 Dollars B. labor and Material Bon:1: Forty-four 'lhousand and 00/100 Dollars c. Olecking and inspection Fee: 'IWo 'lhousand 'IWo Hurored and oo/lOO D. Irxlirect City EKpenses: 'Ihree Hurored '1hirty and 00/100 Dollars E. Developnent Maintenance Deposit: One 'lhousand and 00/100 Dollars F. storm Drainage Fee: 'Ihree Hurored Ninety-six and 67/100 Dollars G. one Year PcMer Cost: $44,000.00 $44,000.00 $ 2,200.00 $ 330.00 $ 1,000.00 $ 396.67 H. street Trees: $ N/A By Developer $ 210.00 1. Map Olecking Fee: 'IWo Hurored Ten and 00/100 Dollars J. Park Fee: $ 8,370.00 Eight 'lhousand 'Ihree Hurored Seventy and 00/100 Dollars K. Water Main Extension Deposit N/A L. Maps aOOjor lnq:)rovement Plans: As specified in Item 23 of Agreement M. Traffic Signal Deposit - Southwest Corner: Five'lhousand and no/100 Dollars $ 5,000.00