CC Resolution No. 98-231RESOLUTION NO. 98-231
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER GREAT WESTERN SAVINGS AND LOAN
ASSOCIATION, 10250 DE ANZA BOULEVARD, APN 369-41-004
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Great Western Savings And Loan
Association, for the installation of certain municipal improvements at 10250 De Anza Boulevard
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 8h day of September, 1998, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
BURNETT, DEAN, JAMES, STATTON, CHANG
NONE
NONE
NONE
t~PROVED: ~ ^
rv~ayor, City of Cupertino
Resolution No. 98-231
Page 2
DEVELOPMENT:
LOCATION:
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
Vault Addition
Great Western Savings and Loan Association
10250 De Anza Boulevard
A. Faithful Performance Bond:
FIFTY-FIVE THOUSAND TWO HUNDRED AND 00/100 DOLLARS
B. Labor and Material Bond:
FIFTY-FIVE THOUSAND TWO HUNDRED AND 00/100 DOLLARS
C. Checking and Inspection Fees:
$ 55,200.00
$ 55,200.00
D. Indirect City Expenses: N/A
E. Development Maintenance Deposit: $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin #3 N/A
G. One Year Power Cost: $ 3,073.40
THREE THOUSAND SEVENTY-THREE AND 40/100 DOLLARS
H. Street Trees: By Developer
I. Map Checking Fee: N/A
J. Park Fee: N/A
K. Water Main Reimbursement: N/A
L. Maps and/or Improvement Plans: As specified in
Item #23 of agreement
THREE THOUSAND THREE HUNDRED TWELVE AND 00/100 DOLLARS
$ 3,312.00