CC Resolution No. 07-204RESOLUTION N0.07-204
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING
EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN THE CITY AND
DEVELOPER EVERSHINE VI, L.P., A CALIFORNIA LIMITED PARTNERSHIP,
MARKETPLACE SHOPPING CENTER (BLDG. C), APN(s) 369-06-009 AND 369-06-010
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and Developer, Evershine VI, L.P., a California
Limited Partnership, for the installation of certain municipal improvements at Marketplace
Shopping Center (Bldg. C), 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 18th day of December 2007, by the following vote:
Vote Members of the City Council
AYES: Sandoval, Mahoney, Wang, Wong
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
~~ r-.,_
City Clerk Mayor, City f Cupertino
Resolution No. 07-204
Page 2 .
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPER: EVERSHINE VI, L.P., A CALIFORNIA LIMITED PARTNERSHIP
LOCATION: MARKETPLACE SHOPPING CENTER (BLDG. C)
APN(s) 369-06-009 AND 369-06-010
A. Faithful Performance Bond: $141,520.50
ONE HUNDRED FORTY-ONE THOUSAND FIVE HUNDRED TWENTY AND
50/100 DOLLARS
B. Labor and Material Bond: $141,520.50
ONE HUNDRED FORTY-ONE THOUSAND FIVE HUNDRED TWENTY AND
50/100 DOLLARS
C. Checking and Inspection Fee: $8,491.23
EIGHT THOUSAND FOUR HUNDRED NINETY-ONE AND 23/100 DOLLARS
D. Development Maintenance Deposit: $1,000.00
ONE THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: Basin 2 Paid
F. One-Year Power Cost: N/A
G. Street Trees: By Developer
H. Map Checking Fee: N/A
I. Park Fee: ZONE III N/A
1. Water Main Reimbursement: N/A
K. Maps and/or Improvement Plans: N/A
As specified in Item #21 of agreement