CC Resolution No. 7123
RESOllJI'ION NO. 7123
A RESOIIJTION OF '!HE CITY CXJUNCIL OF THE CITY OF aJPERI'INO
APPROVING THE FINAL MAP AND :r:MPROVEMENI' PIANS OF TRAcr NO. 7907,
SEVEN SPRINGS IDC'ATED ON RAINB:M DRIVEjUPIAND WAY;
DEVEIDPER, THE GREX;ORY GROOP
ACl.:t!a:'l'.lllG CERTAIN EASEMENTS; AU'I'HORIZING SIGNING OF FINAL MAP AND
IMPOOVEMENT PIANS; AUIHORIZING THE EXEGUI'ION OF AGREEMENT IN <XJNNECI'ION
'I'HEREWI'IH
WHEREAS, there has been presented to the City Council for approval of
and for authorization to record final map of Tract No. 7907, Seven
Springs, located on RaÌI1l:X:M Drive/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, CUJ:bs, and gutters, and for
other ilnprovements, 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;
NCM, THEREFORE, BE IT RESOLVED '!HAT
a. Said final map and ilnprovement of Tract 7907 be and the same are
hereby approved.
b. '!he offer of dedication for roadway and for easements is hereby
accepted.
c. '!he City Engineer and the City Clerk are hereby authorized to
sign said final map.
d. The City Engineer is hereby authorized to sign the ilnprovement
plans.
e. '!he Mayor and the City Clerk are hereby authorized to execute the
agreement herein referred to.
RESOWl'ION NO. 7123
PASSED AND ADOPI'ED at
City of CUpertino this
followin;J vote:
Vote Members of the City Council
a regular meetinJ of the City Council of the
30th day of March , 1987 by the
AYES: Gatto, P1ungy, Rogers, Sparks
NOES: None
ABSENT: Johnson
ABSTAIN: None
APP11OVED:
/s/ W. Reed Sparks
Mayor, City of CUpertino
A'ITEST:
/s/ Dorothy Cornelius
City Clerk
RFSOIlJTION NO. 7123
EXHIBIT "A"
SCHEroIE OF OOND, FEES, AND DEPOSITS
DEVEIDR1ENT: Tract No. 7907, Seven Springs
LOCATION:
The Gregory Group
Rainbow DrivefUplam Way
A. Faithful Performance Bon:i: $1,802,000
One Million Eight Hurxìred 'IWo ThOllSaIrl am no/100 Dollars
Offsite ilrprovements with larx:lscaping am borrow pit restoration.
B. Iabor am Material Bon:i: $1,802,000
One Million Eight Hurxìred 'IWo Thousarxl am nO/100 Dollars
Offsite ilrprovements with larx:lscaping am borrow pit restoration.
c. Checking am inspection Fee:
Ninety Thousarxl One Hurxìred am nO/100
D. Indirect city EKpenses: $ 13,520
Thirteen Thousand Five Hurxìred 'IWenty-eight am no/100 Dollars
E. Map Filing Fee
One Hurxìred Thirty-eight am no/100 Dollars
F. Development Maintenance Deposit:
Three 'Ihousarxl am no/100 Dollars
G. storm Drainage Fee:
six Thousand Five Hurxìred Fourteen am no/100 Dollars
H. One Year Power Cost:
six Hurxìred Eighty-four am no/100 Dollars
I. street Trees:
J. Park Fee: Zone (19 Lots)
Eighty-two 'Ih0llSaIrl Eighty am no/100 Dollars
K. Water Main Extension Deposit
One Hurxìred Forty-four Thousand am no/100 Dollars
L. Maps am¡or Inprovement Plans: By Developer
$ 90,100
$ 138
$ 3,000
$ 6,514
$ 684
By Developer
$ 82,080
$ 144,000