CC Resolution No. 98-282RESOLUTION NO. 98-282
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING THE PARCEL MAP AND IMPROVEMENT PLANS OF PROPERTY
LOCATED AT RAINBOWS DRiVE (END), APN 366-03-029; DEVELOPER, LIBERTY
PROPERTIES, LIMITED LIABILITY COMPANY; AUTHORIZING EXECUTION
OF IMPROVEMENT AGREEMENT; AUTHORIZING SIGNING OF PARCEL MAP
AND IMPROVEMENT PLANS
WHEREAS, there has been presented to the City Council for approval of the parcel map and
improvement plans of property located at Rainbows Drive (End), APN 366-03-029, Liberty Properties,
Limited Liability Company; 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
(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;
NOW, THEREFORE, BE IT RESOLVED THAT:
Said parcel map and improvement plans herein referred to are hereby approved.
The offer of dedication for street areas and all easements is hereby accepted.
The City Engineer is hereby authorized to sign said improvement plans.
The City Engineer and the City Clerk are hereby authorized to sign said parcel
map and have it recorded.
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
16~ day of November, 1998, by the following vote:
Vote
Members of th_e City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
BURNETT, DEAN, JAMES, STATTON, CHANG
NONE
NONE
NONE
ATTEST:
19t'ayor-TCity of Cupertino
Resolution No. 98-282
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single Family Home
Liberty Properties, Limited Liability Company
LOCATION: Rainbows Drive (End)
A. Faithful Performance Bond: $147,000.00
ONE HUNDRED FORTY-SEVEN THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond: $147,000.00
ONE HUNDRED FORTY-SEVEN THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 7,350.00
SEVEN THOUSAND THREE HUNDRED FIFTY AND 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
THREE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin #3
N/A
$ 3,000.00
$12,384.00
TWELVE THOUSAND THREE HUNDRED EIGHTY-FOUR AND 00/100 DOLLARS
G. One Year Power Cost: N/A
H. Street Trees: By Developer
I. Map Checking Fee: $ 419.00
FOUR HUNDRED NINETEEN AND 00/100 DOLLARS
J. Park Fee:
THIRTY-ONE THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
K. Water Main Reimbursement:
L.
Maps and/or Improvement Plans:
$ 31,500.00
N/A
As specified in
Item #23 of agreement