101-Draft Resolution.pdfRESOLUTION NO. 10-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT BETWEEN THE
CITY AND DEVELOPER, BLANEY VENTURE, LLC, A CALIFORNIA LIMITED
LIABILITY COMPANY, 790 SOUTH BLANEY AVENUE, APN 369-11-048
WHEREAS, there has been presented to the City Council a proposed Development
Agreement between the City of Cupertino and developer, Blaney Venture, LLC, a California
Limited Liability Company, for the installation of certain municipal improvements at 790 South
Blaney 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 1st day of November, 2010, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST: APPROVED:
_________________________ ________________________
City Clerk Mayor, City of Cupertino
Resolution No. 10-
Page 2
EXHIBIT “A”
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPERS: BLANEY VENTURE, LLC, A CALFIRONIA LIMITED LIABILITY
COMPANY
LOCATION: 790 SOUTH BLANEY AVENUE, APN 369-11-048
PART A Faithful Performance Bond: $ 62,300.00
110 2211
PART B Labor and Material Bond: $ 62,300.00
110 2211
PART C Checking and Inspection Fee: $ 3,115.00
110 4538
PART D Development Maintenance Deposit: $ 3,000.00
110 2211
PART E Storm Drainage Fee – Basin 3: $ 1,044.90
215 4073
PART F Street Light - One-Year Power Cost: N/A
110 4537
PART G Map Checking Fee: N/A
110 4539
PART H Park Fee - ZONE III: N/A
280 4083
PART I Reimbursement Fee: N/A