CC Resolution No. 04-304
RESOLUTION NO. 04-304
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING THE FINAL MAP OF TRACT NO, 9535, TOWN CENTER PHASE I,
LOCATED AT 10251 AND 10271 TORRE AVENUE; DEVELOPER
CTC FUNDING LLC,; ACCEPTING CERTAIN EASEMENTS; AUTHORIZING
SIGNING OF FINAL MAP AND EXECUTION OF AGREEMENT
WHEREAS, there has been presented to the City Council for approval and for
authorization to record final map of Tract No, 9535, Town Center Phase I, located at 10251 and
10271 Torre Avenue, showing certain avenues, drives, places, and roads by CTC Funding LLC;
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, 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
a,
Said final map of Tract No, 9535, be and the same is hereby approved,
b.
The offer of dedication for roadway and for easements is hereby accepted,
c.
The City Engineer and the City Clerk are hereby authorized to sign said final map,
d,
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 3"' day of May 2004, by the following vote:
Vote
Members 2fthe Q!y Council
AYES:
NOES:
ABSENT:
ABSTAIN:
James, Kwok, Lowenthal, Sandoval, Wang
None
None
None
ATTEST:
APPROVED:
Ci~~
~~
-Mayor, City of gýPertino
Resolution No, 04-304
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
CTC Funding, LLC
Tract No, # 9535
LOCATION:
Town Center Phase I
10251 and 10271 Torre Avenue
A, Faithful Performance Bond: $ 168,931.00
ONE HUNDRED SIXTY-EIGHT THOUSAND NINE HUNDRED THIRTY-ONE AND 00/100
DOLLARS
B, Labor and Material Bond: $ 168,931.00
ONE HUNDRED SIXTY-EIGHT THOUSAND NINE HUNDRED THIRTY-ONE AND 00/100
DOLLARS
C, Checking and Inspection Fees: $ 10,136,00
TEN THOUSAND ONE HUNDRED THIRTY-SIX AND 00/100 DOLLARS
D,
Indirect City Expenses:
N/A
E, Development Maintenance Deposit:
THREE THOUSAND AND 00/100 DOLLARS
$ 3,000,00
F. Storm Drainage Fee: $ 1,438,00
ONE THOUSAND FOlJR HUNDRED THIRTY-EIGHT AND 00/100 DOLLARS
G, One Year Power Cost:
TWO HUNDRED TWENTY-FIVE AND 00/100 DOLLARS
$
225,00
H.
Street Trees:
By Developer
L Map Checking Fee:
FIVE HUNDRED SIXTY-FOUR AND 00/100 DOLLARS
$
564,00
],
Park Fee:
N/A
K.
Water Main Reimbursement:
N/A
L.
Maps and/or Improvement Plans:
As specified in
Item #21 of agreement