CC Resolution No. 7430
RESOLUTION NO, 7430
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING THE FINAL MAP AND IMPROVEMENT PLANS OF TRACT NO.
8067, SEVEN SPRINGS, UNIT 5
LOCATED RAINBOW DRIVEIUPLAND WAY
DEVELOPER THE GREGORY GROUP
ACCEPTING CERTAIN EASEMENTS; AUTHORIZING SIGNING OF FINAL
MAP AND IMPROVEMENT PLANS; AUTHORIZING THE EXECUTION OF
AGREEMENT IN CONNECTION THEREWITH
WHEREAS, there has been presented to the City Council for approval
and for authorization to record final map of Tract No. 8067 located on
Rainbow Drive and Upland Way showing certain avenues, drives, places,
and roads by The Gregory Group; 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, 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, agree-
ment, and bonds having been approved by the City Attorney;
NOW, THEREFORE, BE IT RESOLVED THAT
a. Said final map and improvement plans of Tract No. 8067, be and
the same are hereby approved.
b. The offer of dedication for roadway and for easements is hereby
accepted.
c. The City Engineer and the City Clerk are hereby authorized to
sign said final map,
d. The City Engineer is hereby authorized to sign the improvement
plans.
e, 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 16th day of February , 1988, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Johnson, Koppel, Plungy, Rogers, Gatto
None
None
None
ATTEST:
APPROVED:
Isl Dorothy Cornelius
City Clerk
Isl John Gatto
Mayor, City of Cupertino
Resolution No. 7430
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT TRACT NO. 8067, SEVEN SPRINGS, UNIT 5
THE GREGORY GROUP
LOCATION RAINBOW DRIVE AND UPLAND WAY
A. Faithful Performance Bond:
SIX HUNDRED THOUSAND AND NOl100 DOLLARS
*(A) $ 600,000.00 **
*(B) $ 464,000.00
*(C) $ 10,000.00
*(A) $ 600,000.00
*(B) $ 464,000.00
*(C) $ 10,000.00
FOUR HUNDRED SIXTY FOUR THOUSAND AND NOl100 DOLLARS
TEN THOUSAND AND NOl100 DOLLARS
B. Labor and Material Bond:
SIX HUNDRED THOUSAND AND NOl100 DOLLARS
FOUR HUNDRED SIXTY FOUR THOUSAND AND NOl100 DOLLARS
TEN THOUSAND AND NOl100 DOLLARS
C. Checking and Inspection Fee:
THIRTY SIX THOUSAND AND Nol100 DOLLARS
*(A) $ 36,000.00
* (B) $ 27,840. 00
TWENTY SEVEN THOUSAND EIGHT HUNDRED FORTY AND NOl100 DOLLARS
*(C) N/A
D. Indirect City Expenses:
FIVE THOUSAND FOUR HUNDRED AND NOl100 DOLLARS
*(A) $
*(B) $
5,400.00
4,176.00
FOUR THOUSAND ONE HUNDRED SEVENTY SIX AND NOl100 DOLLARS
E. Map Filing Fee:
TWO HUNDRED FORTY AND NOl100 DOLLARS
*(C) N/A
$ 240.00
F. Development Maintenance Deposit:
THREE THOUSAND AND NOl100 DOLLARS
$ 3,000.00
G. Storm Drainage Fee:
TWENTY TWO THOUSAND AND THIRTY THREE AND NOl100 DOLLARS
$ 22,033.00
H. One Year Power Cost:
N/A
I. Street Trees:
BY DEVELOPER
J. Park Fees:
ONE HUNDRED SEVENTY THOUSAND ONE HUNDRED AND NOl100 DOLLARS
$ 170,100,00
K. Water Main Extension Deposit:
BY SEPARATE AGREEMENT
* (A) Common Area Improvements
(B) Landscaping
(C) Recreation Facilities
** Includes some work to complete-
Dorothy Anne Way