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CC Resolution No. 98-054RESOLUTION NO. 98-054 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER SYMANTEC; 10201 Torre AVENUE, APN 369-41-005 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Symantec, for the installation of certain municipal improvements at 10201 Torre Avenue and said agreement having been approved by the City Attorney, and Developer 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 17~ day of February, 1998, by the following vote: Vote Members of the City Council AYES: Burnett, Dean, James, Statton, Chang NOES: None ABSENT: None ABSTAIN: None ATTEST: City Clerk -~/ Mayor, City of Cupertino Resolution No. 98-054 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Loading Dock Symantec LOCATION: 10201 Torre Avenue A. Faithful Performance Bond: $ 22,320.00 TWENTY-TWO THOUSAND THREE HUNDRED TWENTY AND 00/100 DOLLARS B. Labor and Material Bond: $ 22,320.00 TWENTY-TWO THOUSAND THREE HUNDRED TWENTY AND 00/100 DOLLARS C. Checking and Inspection Fees: ONE HUNDRED NINETY-THREE AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: FIVE HUNDRED AND 00/100 DOLLARS $ 193.00 N/A $ 5OO.OO F. Storm Drainage Fee: Basin #3 N/A G. One Year Power Cost: N/A H. Street Trees: By Developer I. Map Checking Fee: N/A Jo Park Fee: N/A K. Water Main Reimbursement: N/A L. Maps and/or Improvement Plans: As specified in Item #23 of agreement