CC Resolution No. 10-167 Improvement Agreement, D & B Legacy, LLC, 10216 Pasadena Avenue, APN 357-18-021 RESOLUTION NO. 10 -167
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER, D & B LEGACY, LLC, A CALIFORNIA LIMITED
LIABILITY COMPANY, 10216 PASADENA AVENUE, APN 357 -18 -021
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, D & B Legacy, LLC, A California
Limited Liability Company, for the installation of certain municipal improvements at 10216
Pasadena Avenue, and said agreement having been approved by the City Attorney, and
Developers having paid the fees as outlined in the attached Exhibit A;
NOW, THEREFORE, BE IT RESOLVED THAT the Mayor and the City Clerk are
hereby authorized to sign the aforementioned agreement on behalf of the City of Cupertino.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 7th day of September, 2010, by the following vote:
Vote Members of the City Council
AYES: Chang, Mahoney, Santoro, Wang, Wong
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
or" 40
41101 41w
City Clerk 'or, City of Cu ► - rtino
Resolution No. 10 -167
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FIDES, AND DEPOSITS
DEVELOPER: D & B LEGACY, LLC, A CALIFORNIA LIMITED LIABILITY CO.
LOCATION: 10216 Pasadena Avenue, APN 357 -18 -021
PART A Faithful Performance Bond: $ 29,580.00
110 2211
PART B Labor and Material Bond: $ 29,580.00
110 2211
PART C. Checking and Inspection Fee: $ 2,468.00
110 4538
PART D. Development Maintenance Deposit: $ 2,000.00
110 2211
PART E. Storm Drainage Fee — Basin 2 $ 369.58
215 4072
PART F. Street Light - One -Year Power Cost: $ 150.00
110 4537
PART G. Map Checking Fee: $ 3,765.00
110 4539
PART H. Park Fee - ZONE II $ 20,250.00
280 4082
PART I. Reimbursement Fee: N/A