CC Resolution No. 02-127RESOLUTION NO. 02-127
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, EVERSHINE VI, L.P., A CALIFORNIA
LIMITED PARTNERSHIP, 19620, 19724-19770 STEVENS CREEK BOULEVARD (THE
MARKETPLACE), APNs 369-06-008,009, 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 Califomia Limited
Partnership, for the installation of certain municipal improvements at 19620, 19724-19770
Stevens Creek Boulevard (The Marketplace), 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 1st day of July, 2002, by the following vote:
Vote
Members of the CiW Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Lowenthal, Chang, James, Kwok, Sandoval
None
None
None
ATTEST:
City Clerk
IQ!'ay"~r, City of Cupertino
Resolution No. 02-127
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
The Marketplace
Evershine VI, L.P., a California Limited Partnership
LOCATION:
19620, 19724-19770 Stevens Creek Boulevard
A. Faithful Performance Bond: Off-site:
On-site:
THIRTY-TWO THOUSAND AND 00/100 DOLLARS
THIRTY-TWO THOUSAND FORTY AND 00/100 DOLLARS
B. Labor and Material Bond: Off-site:
On-site:
THIRTY-TWO THOUSAND AND 00/100 DOLLARS
THIRTY-TWO THOUSAND FORTY AND 00/100 DOLLARS
B 1. Cholker Improvement Bond:
ONE HUNDRED THOUSAND AND 00/100 DOLLARS
$ 32,000.00
$ 32,040.00
$ 32,000.00
$ 32,040.00
$100,000.00
$ 15,368.84
FIFTEEN THOUSAND THREE HUNDRED SIXTY-EIGHT AND 84/100 DOLLARS
G. One Year Power Cost: N/A
H. Street Trees: By Developer
I. Map Checking Fee: N/A
J. Park Fee: N/A
K. Water Main Reimbursement: N/A
L. Maps and/or Improvement Plans: As specified in
Item #23 of agreement
D. Indirect City Expenses:
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee:
N/A
$ 1,000.00
C. Checking and Inspection Fees: $ 3,842.00
THREE THOUSAND EIGHT HUNDRED FORTY-TWO AND 00/100 DOLLARS