CC Resolution No. 5629 i _
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' RESOLUTION N0. 5629
I A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
j AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND VALLCO PARK LIMITED IN CONJUNCTION WITH
' TMDEM III, VALLCO PARKWAY
' WNEREAS, there has been presented to the City Council an anreement
! between the City of Cupertino and Vallco Park Limited for the improvement
' of Vallco Parkway in conjunction with the Tandem III pro;ject; and
WNEREAS, good and sufEicient bonds (letter of credit), Eees,
and deposits as set forth in Exhibit "A" having been presented for
, the faithful performance of said work and the carrying ou[ of said
agreement; and said agreement having been approved by the City Attorney;
i NOW, THEREFORE, BE IT RESOLVED that the Mayor and the City Clerk
~ are hereby authorized to execute the a~reement herein referred to.
PASSED AND ADOPTED at a regular meeting of the City Council of
I the City of Cupertino this lSth day of p~~~. , 1981 by the foliowing
'I vote:
I
~ Vote Members of the City Council
, AYES: Gatto, Johnson, Plungy, Sparks
' NOES: None
ABSENT: Rogers
ABSTAIN: None
APPROVED; )
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'
Mayor, City o,E~ upertino
ATTE5T:
,
Cit Clerk
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Exhibit "A"
i~ Res. No. 5629
SCHEDULE OF BOND, FEES AND DEPOSITS
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j DEVELOPMENT: Tandem III
Vallco Park Limited
LOCATION: Vallco Parkway
PART A. Faithful Performance Bond:
Twenty-Seven Thousand and no/100 Dollars $27,000.00
'I PART B. Labor and Material Bond:
Twenty-Seven Thousand and no/100 Dollars $27,000.00
' PART C. Checkin~ and Inspection Fee:
One Thousand Three Hundred Fifty and no/L00 Dollars $ 1,350.00
PART D. Indirec[ City Expenses:
Two Hundred Three and no/100 Dollars $ 203.Q0
PART E. Development Maintenance Deposit:
' Two Hundred Fifty and no/100 Dollars $ 250.00
PART F. Storm Drainage Fee: N~p
PART G. One Year Power Cos[: N~p
PART H. S[reet Trees: N~p
PART I. Map Checking Fee: N/A
PART J. Park Fee: N~p
PARK K. Wa[er Main Extension Depoait N/p