07. Imp. Agrmnt. 10056 Orange Ave~eaFr
RESOLUTION N0.08-12b
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, MARCI PROPERTIES, LLC,
10056 ORANGE AVENUE, APN 357-17-058
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Marci Properties, LLC, 10056 Orange
Avenue, APN 357-17-058 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 1 bth day of September 2008, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST: APPROVED:
City Clerk
Mayor, City of Cupertino
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Resolution No. 08-126
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: MARCI PROPERTIES, LLC,
LOCATION: 10056 ORANGE AVENUE, APN 357-17-058
A. Faithful Performance Bond: $ 53,326.00
FIFTY-THREE THOUSAND THREE HUNDRED TWENTY-SIX AND 00/100 DOLLARS
B. Labor and Material Bond: $ 53,326.00
FIFTY-THREE THOUSAND THREE HUNDRED TWENTY-SIX AND 00/100 DOLLARS
C. Checking and Inspection Fee: $ 3,847.00
THREE THOUSAND EIGHT-HUNDRED FORTY-SEVEN AND 00/100 DOLLARS
D. Development Maintenance Deposi#:
TWO THOUSAND AND 00%100 DOLLARS
E. Storm Drainage Fee: Basin 2
FIVE- HUNDRED FIFTY-SIX AND 61/100 DOLLARS
F. Street Light -One-Year Power Cost:
ONE-HUNDRED FIFTY AND 00/100 DOLLARS
G. Map Checking Fee:
H. Park Fee: ZONE III
EIGHTEEN THOUSAND AND 00/100 DOLLARS
I. Reimbursement Fee
$ 2,000.00
$556.61
$150.00
$.00
$1 s,oo0.00
N/A
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