CC Resolution No. 98-264- RESOLUTION NO. 98-264
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER CUPERTINO CITY CENTER OWNERS
ASSOCIATION, A CALIFORNIA NON-PROFIT CORPORATION,
STEVENS CREEK BOULEVARD ~ DE ANZA BOULEVARD,
APN 369-01-029 (TRACT 7953, LOTS 1 AND 9)
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Cupertino City Center Owners
Association, a California Non-Profit Corporation, for the installation of certain municipal
improvements at Stevens Creek Boulevard ~ De Anza Boulevard, Tract 7953, Lots 1 and 9, 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 19th day of October, 1998, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
BURNETT, DEAN, JAMES, STATTON, CHANG
NONE
NONE
NONE
ATTEST:
VED: _ ~ ,-,
Mayor, City of Cupertino ~
Resolution No. 98-264
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
LOCATION:
Commercial Building
Cupertino City Center Owners Association,
a California Non-Profit Corporation
Stevens Creek Boulevard ~ De Anza Boulevard
Tract 7953, Lots 1 and 9,
A. Faithful Performance Bond: Sidewalk:
Parking:
SIXTY-ONE THOUSAND AND 00/100 DOLLARS
ONE HUNDRED SIXTY-FIVE THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond: Sidewalk:
Parking:
SIXTY-ONE THOUSAND AND 00/100 DOLLARS
ONE HUNDRED SIXTY-FIVE THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees:
THREE THOUSAND SIX HUNDRED SIXTY AND 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin #3
FIVE HUNDRED NINETY-THREE AND 00/100 DOLLARS
H.
I.
J.
K.
L.
One Year Power Cost:
Street Trees:
Map Checking Fee:
Park Fee:
Water Main Reimbursement:
Maps and/or Improvement Plans:
$ 61,000.00
$165,000.00
$ 61,000.00
$165,000.00
$ 3,660.00
N/A
$ 1,000.00
N/A
N/A
By Developer
N/A
N/A
N/A
As specified in
Item #23 of agreement