CC Resolution No. 7498
RESOWI'IOO NO. 7498
A RESOWI'ION OF 'IHE CI'lY CXXJNCIL OF 'IHE CITY OF aJPERl'INO
APPROVING PARCEL MAP AND IMPROVEMENI' PlANS OF PROPERI'Y LOC'ATED ON
'IHE NORIHFJ\ST OORNER OF roRI'AL AND SI'EVENS CREEK B:XJU.VARD
DEVELOPER, YAM1IOI<A DEVELOFMENI', INC.,
AUIHORIZING EXEaJ'I'IOO OF IMPmVEMENT AGREEMENT;
AUIHORIZING SIGNING OF PARCEL MAP AND mPROVEMENT PlANS
WHEREAS, there has been presented to the city Council for approval of
the parcel map an:i :inprovement plans of property located on the northeast
comer of Portal Avenue an:i Stevens Creek Coulevard by Yamaoka
Development, Inc.; an:i
WHEREAS, there has been presented to the City Council a proposed
agreement for the construction of streets, curbs, an:i gutters, an:i for
other iJrprovements, an:i good an:i sufficient bonds (letter of credit),
fees, an:i deposits as set forth in Exhibit "A" havirq been presented for
the faithful performance of said work an:i the carryirq out of said
agreement; an:i said map, agreement an:i bonds havirq been approved by the
City Attorney;
NCM, THEREFORE, BE IT RESOLVED '!HAT
a. Said parcel map an:i iJrprovement plans herein referred to are
hereby approved.
b. 'The offer of dedication for street areas an:i all easements are
hereby accepted.
c. 'The City ED:Jineer is hereby authorized to sign said iJrprovement
plans.
d. 'The city ED:Jineer an:i the city Clerk are hereby authorized to
sign said parcel map an:i have it recorded.
e. 'The Mayor an:i the City Clerk are hereby authorized to execute the
agreement herein referred to.
PASSED AND AOOPl'ED at
City of CUpertino this
followirq vote:
Vote Me1IIbers of the City Council
a regular meetirq of the City Council of the
16th day of May , 1988, by the
AYES: Johnson, Koppel, P1ungy, Rogers, Gatto
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 7498
EXHIBIT "A"
SCHEIXJIE OF B:>ND, FEES, AND DEFOSITS
DEVEIDmENT: Commercial
IDCATION:
Yamaoka Developnent, Inc.
Northeast Corner of Portal an:i stevens Creek Boulevard
A. Faithful Perfonnance Eon:l:
EIGHI'EEN 'IHOOSAND AND 00/100 OOLIARS
B. labor an:i Material Eon:l:
EIGHI'EEN 'IHOOSAND AND 00/100 OOLIARS
C. ~ an:i Inspection Fee:
ONE 'IHCUSAND EIGHI'Y AND 00/100 OOLIARS
D. Indirect City Expenses:
ONE HUNDRED SDcr'Y-':M:> AND 00/100 OOLIARS
E. Development Maintenance Deposit:
ONE 'IHOOSAND AND 00/100 OOLIARS
F. storm Drainage Fee: $ 6,893.00
SIX THOOSAND EIGHl' HUNæED NINEI'Y-'IHREE AND 00/100 OOLIARS
$18,000.00
$18,000.00
$ 1,080.00
$ 162.00
$ 1,000.00
G. One Year Power Cost:
ONE HUNæED FORI'Y-FOOR AND 00/ OOLIARS
H. street Trees:
I. Map ~ Fee:
'lID HUNDRED TEN AND 00/100 OOLIARS
$ 144.00
BY DEVEIDPER
$ 210.00
K. Water Main Extension Deposit
L. Maps arx1jor I1Iprovement Plans:
N/A
NjA
J. Park Fee:
As specified in
Item No. 23
M. Re:iJnburseme.nt to City for Un;¡roI.1IxÜn;J: $41,567.00
FORI'Y-oNE 'IHOOSAND FIVE HUNæED SDcr'Y SEVEN AND 00/100 OOLIARS
'!he Developer shall pay the City for the City's expense in undergrounding
the overt1ead lines al~ Stevens Creek Boulevard.
Resolution No. 7498
APPRJVED:
/s/ John M. Gatto
Mayor, City of CUpertino
ATI'ES'I':
/s/ Dorothy Cornelius
city Clerk