CC Resolution No. 12-096, Improvement Agreement Rosebowl, 19800 Vallco Parkway, APN 316-20-037 RESOLUTION NO. 12-096
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER, CUPERTINO PROPERTY DEVELOPMENT I, LLC,
19800 VALLCO PARKWAY, APN 316-20-037
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and Developer, Cupertino Property Development I,
LLC, for the installation of certain municipal improvements at 19800 Vallco Parkway, 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 4th day of September, 2012, by the following vote:
Vote Members of the City Council
AYES: Santoro, Mahoney, Chang, Sinks, Wong
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
CLc -1/1.1}(611- � .
Grace Schmidt, City Clerk Mark Santoro, Mayor, City of Cupertino
Resolution No. 12-096
Page 2
EXHIBIT"A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPER: CUPERTINO PROPERTY DEVELOPMENT I, LLC
LOCATION: 19800 VALLCO PARKWAY, APN 316-20-037
PART A. Faithful Performance Bond: $559,801.00
110-2211
PART B. Labor and Material Bond: $559,801.00
110-2211
PART C. Checking and Inspection Fee: $33,588.00
110-4538
PART D. Development Maintenance Deposit: $3,000.00
110-2211
PART E. Storm Drainage Fee—Basin 3 $16,109.36
215-4073
PART F. Street Light—One-Year Power Cost: N/A
110-4537
PART G. Map Checking Fee: $8,052.00
110-4539
PART H. Park Fee: Zone III $1,652,400.00
280-4083
PART I. Reimbursement Fee N/A