CC Resolution No. 7010
RESOIIJ'I'ION NO. 7010
A RESOIIJ'I'ION OF '!HE CITY CXXJNCIL OF '!HE CITY OF aJPERl'INO
APPI<OVING A 50% CREbIT ~ PARK DEDICATION FEES
RIDJJIRED BY THE SUBDIVISION ORDINANCE FOR
APPLICATION l5-'IM-84
WHEREAS, the subject development represents an u:rban development; and
WHEREAS, family sizes and needs of the residents are likely to require
turf play field areas and landscape park like quite areas; and
WHEREAS, the applicant has provided 1.54 acres of open space which
will be available for use by future residents of the affected
apart:mentj=rñaminium development; and
WHEREAS, the areas for which credit is given consists of the following
components:
OPEN SPACE FEA'ItJRE
ACREAGE
Amphitheater providing:
-Turfed playfield
-landscape park-like center
quiet areas
-Passive spaces for lounging
and eating
swim Rx>l Area and courtyard
with spa
Recreation center
1.23
.24
.07
'roI'AL
1.54
WHEREAS, existing owners and future =rñaminium owners will have
partial ownership of said area and said areas shall be restricted by
covenants to park and recreation purposes:
NCM, THEREFORE, BE IT RESOLVED
A 50% credit is granted to the Prometheus Development Canpany or its
successors in interest under Application l5-'IM-84, which shall be
applicable to the 99 unit apartmentjcorxiominium residential building
provided the following corxiitions are fulfilled:
1. Covenants are recorded restricting the above open space areas to
park and recreation uses.
2. DeDv:mstrate that current and future owners of the residential
structure (individual units) will have partial ownership of the
anphitheater and adjacent recreation facilities.
3. Sign a deferred agreement to pay park fees for any future
residential units.
4. The provisions of this Resolution shall take effect after the
effective date of the modified SUbdivision Ord. (Nov. 26, 1986).
PASSED AND AOOPI'ED at a regular meeting of the city Council of the
city of CUpertino this 27th day of October, 1986 by the following vote:
VOI'E MEMBERS OF THE CITY CXXJNCIL
AYES: Gatto, Plungy, Sparks, Rogers
NOES: None
ABSENT: Johnson
ABSTAIN: None
APPROVED:
/s/ Barbara A. Rogers
MAYOR, CITY OF OJPERI'INO
ATI'FST:
/s/ Dorothy Cornelius
CITY ClERK
RESPARKDED(B-7) lvm