CC Resolution No. 07-153
RESOLUTION NO. 07-153
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE
CITY AND 1200 SAN MATEO A VENUE, LLC, A CALIFORNIA LIMITED LIABILITY
COMPANY, 10495 N. DE ANZA BOULVARD, APN 326-33-110
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and 1200 San Mateo A venue, LLC, a California
Limited Liability Company, for the installation of certain municipal improvements at 10495 N.
De Anza Boulevard, 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 4th day of September 2007, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Wang, Sandoval, Lowenthal, Mahoney
None
None
None
ATTEST:
APPROVED:
.~~7L
City Clerk
Resolution No. 07-153
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: 1200 San Mateo Avenue, LLC, a California Limited Liability Company
LOCATION: 10495 N. De Anza Boulevard, APN 326-33-110
A.
Faithful Performance Bond:
$ 215,550.00
TWO HUNDRED FIFTEEN THOUSAND FIVE HUNDRED FIFTY AND 00/100 DOLLARS
B.
Labor and Material Bond:
$ 215,550.00
TWO HUNDRED FIFTEEN THOUSAND FIVE HUNDRED FIFTY AND 00/100 DOLLARS
C.
Checking and Inspection Fee:
$ 12,933.00
TWELVE THOUSAND NINE HUNDRED THIRTY THREE 00/100 DOLLARS
D.
Development Maintenance Deposit:
$ 2,000.00
TWO THOUSAND AND 00/100 DOLLARS
E.
Storm Drainage Fee: Basin 2
N/A
F.
Street Light - One-Year Power Cost:
N/A
G.
Map Checking Fee:
N/A
H.
Park Fee: ZONE II
N/A
1.
Reimbursement Fee:
N/A