CC Resolution No. 6292 w • ~ •
RESOLUTION N0. 6292
A NESOLUTIOt~ OF TIIE CITY COUt~CIL OF Tt1E CITY OF CUPERTI~~O
APPRUVtIdG PARCEL IIAP AND ItiPftOVE~IENT PLAtIS Or PROPF.R7'Y
LOCATED AT THE SOUTt1YJEST CORNER OF STEVENS CREEK DOULEVARD
AND TORRE AVENUE; DEVELOPEfl. PROMETfiEUS DEVELOP1Et~T CO,;
AUTHOflIZING EXECUTION OF IMPHOVEt1ENT AGREEHENTS;
AU'fHORIZItIG SIGNItIG OF PARCEL hiAP AtID IIiPROVEHEt~T PLAGS
WNEREAS, there has been presented Lo the C1ty Council for
' approval of the parcel map and improvement plans of property located
at the southwest corner of Stevens Creek Boulevard and Torre Avenue
by Prometheus Development Co.; and
WIIEHEAS~ there has been presented to the City Council a proposed
standard agreement and a deferred agreement for the construction of
streets, curbs, and eutters. and for other improvements. and Eood and
sutficient bonds (letter of credit), fees, and deposits as set forth
in Exhibit "A" having been presented for the faithful performanee of
said Work and the carrying o~t of said agreements, And said map.
agreements, and bonds having been approved by the City Attorney;
YOW, Tt1EflEFORE !3E IT RESOLVED THAT
a. :;aid parcel map and improvement plans herein referred to are
hereby approved.
b. The offer of dedication for street areas and all easements
is hereby accepted.
c. 7'he City E~gineer is hereby authorized to si~n said
improvement plans.
d. '[7~e City Engineer and the City Clerk are hereby authorized
to sign said pa~cel map and have it recorded.
e. The t~ayor and the City Clerk are hereby authorized t~
execute a standard street improvement agreement between the
City and Cupertino City Center Associates 8, a California
Limited Partnership.
f. The t'ayor and the City Clerk are hereby authorized to
execute a deferred street improvement agreement betaeen the
City and Cupertino City Center Associates A, a California
Limited Partnership; Cupertino City Center Associates C, a
California Lir~ited Partnership; and Cupertino City Center
Associates D~ a California Limited Partnership.
g. The deferred agrecment shall be recorded with the County
Recorder.
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RESOLUTI01~ PIO. 6292
PASSEU AND aDOPTED at a regular meeting of the City Council of
the City of Cupertino this 13th day of hlarch, 19fi4 by the following
vote:
Yote Members of the City Cc~ancil
AYES: Gatto, Johnson, Plungy
t~0E5: None
ABSE~~T: Rogers, Sparks
ABSTAIt1: None
APPROUED:
1 yor, ty of Cuper ~
ATTEST:
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Ci y Clerk
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RESOLUTION t10. 6292
EXHIFlIT "A"
SCHEDULE OF UOND, FEES~ AND DEPOSITS
j DEVELOPt4ENT: Commerciai
~ Cupertino City Center Associates Ei
Prometheus Development Co.
LOCATIOtI: Southuest corner of Stevens Creek Eoulevard and Torre
Avenue
I A. Faithful Performance Ebnd: E330,000.00#
, Three flundred Thirty Thousand and no/100 Dollars
, B. Labor and Naterial [3ond: E330,000.00~
Three Hundred Thirty Thousand and no/100 Dollars
C. Checking and Inspection Pee: $ 16,500.00
' Sixteen Thousand Five Hundred and no/100 Dollars
D, I~direct City Expenses: y 2.475,00
' TNO Thousand Four tlundred Seventy-Five and no/100 Dollars
E. Develop~ent ~faintenance Ceposit: a 310.00
Three Hundred Ten and no/100 Dollars
F. Storm Drainage F~ee: 3 24.000.00
Tuenty-four Thousand and no/100 Dollers
G. One Year f'ower Cost: E 332.00
Three flundred ?hirty-tWO and no/100 Dollars
H. Street Trces: By Developer
I, tlap Checking Fee: S 50.00
Fifty and no/100 Dollars
J. Park Fee: N/A
K. Water t•fnin Extension Deposit N/A
L. Storm Drnin Work Fee = 4~00O.OOMM
Four Thoueand and no/100 Dollars
H. laps and/or Improvement Plans: Ily Devcloper
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j RE50LU3'ION t~0. 6292
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ilork Etonded llerein:
t. All Standard Street Improvements on and along Parcel B
Frontage.
i # 2. Traffic Signal at Stevens Creek Fb ulevard and Torre Avenue.
~ 3. 'fhe Storm Drain 14ain Extension on North De Anza Boulevard.
j * 4. Landscapng of Parcel B Frontage and Itedians.
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