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Ordinance 42ORDINANCE N0. ~F2 AN ORDINANCE OF THE CITY OF CUPERTINO, STATE OF CALIFQ~NIA, PROVIDING FOR IMPROVEMENT AGREEMENT AND IMPROVEMENT BOND BY SUBDSVIDERS AND DECLARING THE URGENCY THEREOF. THE CITY COUNCIL OF THE CITY OF CUPERTINO DOES ORDAIN AS FOLLOWS: Section 1. IMPROVEMENT AGREEMENT Before approval by the City Council of the final map, the subdivider shall execute and file an agreement between him- self and the City, specifying the period within which he shall complete all improvements work to the satisfaction of the City Engineer and providing that if he should fail to complete such work within such period, the City may complete the same and recover the full cost and expense thereof from the subdivider. The agreement shall also provide for checking of improvement plans and inspection for all improvements by the City Engineer and reimbursement of the cost of such checking and inspection. Such agreement may also provide: (a) For-the construction of the improvements in units; (b) For an extension of time under conditions therein specified (c) For the termination of the agreement upon the completion of proceedings and under an Assessment District Act for construction of improvements deemed by the City Engineer to be at least the equivalent of the improvements speci- fied in said agreement, and required to be constructed by the subdivider; (d) For progress payments to the subdivider for any deposit money which the subdivider may have filed in lieu of a surety bond, as provided by the next succeeding section. Section 2. IMPROVEMENT BOND Subdivider shall also file with the aforesaid agree- ment to assure his full and faithful performance thereof, a bond for such sum as is sufficient to cover the cost of said improvements and inspections. The amount of such bond shall be as required by the City Council. Such bonds shall be executed by a surety company authorized to transact a surety business in the State of California and must be approved by the City Attorney as to form and by the City Council as to sufficiency. In lieu of said bond, the subdivider may deposit cash or certified or cashier's check with the City Clerk. In the event the subdivider shall fail to complete all improvement work in accordance with the provisions of this ordinance, and the City shall have completed same, or if the subdivider shall fail to reimburse the City for the cost of inspection, the City shall call on the surety for reimbursement or shall ap}~ropriate any cash deposit funds for reimbursement. Section 3. URGENCY CLAUSE This rdinance is ado ted as a temporary interim urgency measure pursuant to Section 6506 of the Government Code of the State of California in view of the fact that permanent subdivi- sion and zoning ordinances are presently being prepared by the City; that immediate passage is necessary to control subdivision develop- ment pending the passage of the foregoing Ordinances; that this Ordinance shall continue in full force and effect until the expira- tion of one (1) year of the date thereof or until repealed by the permanent Ordinances. PASSED AND ADOPTED by the City Council of the City of Cupertino / ~~ on the 2nd day of December, 1957, by the following vote: h AYES: Councilmen Meyerholz, Nathanson, Paizis, Saich, Wilson NOES: Councilmen None ABSENT: Councilmen, None Approved: 'hest: ~~ +~ ~~ /s/ R. I. Meyerholz Mayor, City of Cupertino i y ler