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1984-217-Approving The Agreement With Jules Duc Construction, IncorporatedRESOLUTION No. 1984 -217 RESOLUTION APPROVING THE AGREEMENT WITH JULES DUC CONSTRUCTION, INCORPORATED RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California, that the TOWN OF LOS GATOS enter into an agreement entitled, ":AGREEMENT FOR PARTICIPATION IN THE INSTALLATION OF A TRAFFIC SIGNAL AT THE INTERSECTION OF NATIONAL AVENUE AND LOS GATOS-ALMADEN ROAD ", with JULES DUC CONSTRUCTION, INCORPORATED, a cony of which is attached hereto. FURTHER RESOLVED, that the Mayor is authorized, and hereby directed to execute said agreement in the name and in behalf of the T014N OF LOS GATOS. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos held on 3rd day of December., 19B4 by the following vote: AYES: COUNCIL MEMBERS Eric D. Carlson Terrence J. ail ThotnAs J. ,Ferrito. Brent P. Ventura. Joanne Be Viamin NOES: COUNCIL MEMBERS None- AB STA I N: COUNCIL MEMBERS None ABSENT: COUNCIL MEMBERS No e SIGNED: ATTEST: ERTHE OWN 0 LOS GA 5 r,,YN CLERIC AGR:B/�,32 AGREEMENT FOR PARTICIPATION IN THE INSTALLATION N ;: OF .A TRAFFIC SIGNAL AT THE INTERSECTION OF REC`.G NATIONAL AVENUE AND LOS GATOS- ALMADEN ROAD 13 E.. This agreement is made and entered into, effective upon the last date this document is signed by the parties hereto, by and between the TOWN OF LOS GATOS, a hereinafter called "TOWN ", a city, and JULES DUC CONSTRUCTION, INCORPORATED, hereinafter called "DEVELOPER ", whose current business address is 246 UNION AVENUE, LOS GATOS, CALIFORNIA 95030, and is made with reference to the following facts. The DEVELOPER has sought permission from the TOWN under the provisions of the Town Zoning Ordinance to change the use of land in the TOWN for construction of a medical office building. The land is located at 15251 NATIONAL .AVENUE, Los Gatos, California. The Town Planning Commission has granted the permission, on finding that approval of the development proposal is proper if the obligations referred to in this agreement are met by the DEVELOPER. THE PARTIES AGREE AS FOLLOWS: 1. The TOWN shall, prepare plans and specifications for the construction of traffic signals at the intersection of NATIONAL AVENUE AND LOS GATOS- ALMADEN ROAD. 2. The TOWN shall advertise for sealed competitive bids for the work and shall award a contract to the lowest responsible bidder. ` 3. Within 10 days of the award of the construction contract for the traffic signals, the DEVELOPER agrees to submit a cash payment to the TOWN in the amount of 10% of the bid amount for the traffic signals. 4. With this agreement, the DEVELOPER is furnishing the TOWN a cash deposit in the amount of $8,000.00 to secure the DEVELOPER'S performance of all his obligations under this agreement. After the cash payment, as outlined in Paragraph 3, is rendered to the TOWN obligations of DEVELOPER pursuant to this agreement, shall be considered as complete and the cash deposit will be released by the TOWN. 5. In the event of litigation to enforce the terms of this agreement, the prevailing party shall have its costs and reasonable attorney's fees and expenses. The $8,000.00 amount of the cash deposit is not a limit on the DEVELOPER'S liability, as specified in Paragraph 4 of this agreement, and if the total of the specified percentages of the signal work bids are greater than $8,000.00, the DEVELOPER shall furnish the difference within 10 days of notification by the TOM. If the $8,000.00 amount as specified in Paragraph 4 of this agreement is in excess, the T0I4N shall refund the difference. 6. The TOWN shall complete the construction of said signal improvements for the intersection of National Avenue and Los Gatos - Almaden Road within twenty (20) years of the date of recording of the final map of Tract 7635 located at 15251 National Avenue. ATTEST: TOWN: T��� L aA By MA"YUR L n Date:— R J SS _ 19ybefore me, e 7ATE OF CALIFONIA _._-- .- _..... appeared 20U 7Y OFC _ /� and Sta e, personally PP ON - un rsigned a Not ry public in and for said Coun y - --- -- - --- ---- -- - --------------------- - ---- -- - to the ithl w' 'n - - ,subscribed ICPAI,SEAL person, i whose named - - -��R p , /LL'9 wn to me to be the P that they- executed the same. wledged to me o�. 81 191h rument, and ackno Notary's 5'9natur GENERAL ACKNOWLEDGMENT Form No. 11 rnii tNUIEff Town Engineer Dated: -2-