CC Resolution No. 01-013-- RESOLUTION NO. 01-013
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS AKVW INVESTMENTS, LLC;
10175 ORANGE AVENUE, APN 357-3216-060
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, AKVW Investments, LLC, for the
installation of certain municipal improvements at 10175 Orange Avenue 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 16th day of January, 2001, by the following vote:
Vote
Members of the City Council
AYES: Burnett, Chang, James, Lowenthal
NOES: None
ABSENT: None
ABSTA1N: None
ATTEST:
APPROVED:
-- Mayorj ~ity of~Cuper~m/ -
Resolution No. 01-013
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: AKVW Investments, LLC
LOCATION: 10175 Orange Avenue
A. Faithful Performance Bond:
SEVENTY THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond:
SEVENTY THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees:
THREE THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee:
TWO HUNDRED SIXTY SIX AND 00/100 DOLLARS
H.
I.
J.
K.
L.
One Year Power Cost:
Street Trees:
Map Checking Fee:
Park Fee: ZONE I
Water Main Reimbursement:
Maps and/or Improvement Plans:
$ 70,000.00
$ 70,000.00
$ 3,500.00
N/A
$ 1,000.00
$ 266.00
$ 75.00
By Developer
N/A
N/A
N/A
As specified in
Item #23 of agreement