CC Resolution No. 02-200RESOLUTION NO. 02-200
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZiNG EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, CUPERTiNO HOTEL
ASSOCIATES, L.P., APN 369-01-037
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Cupertino Hotel Associates, L.P, for the
installation of certain municipal improvements at Stevens Creek Boulevard and De Anza
Boulevard, 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 4th day of November 2002, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Lowenthal, Chang, James, Kwok, Sandoval
None
None
None
ATTEST:
City Clerk
Mayor, City of Cupertino
Resolution No. 02-200
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Cupertino Hotel Associates, L.P.
APN 369-01-037
LOCATION: Stevens Creek Boulevard and De Anza Boulevard
A. Faithful Performance Bond: Off-site: $136,658.00
ONE HUNDRED THIRTY-SIX THOUSAND SIX HUNDRED FIFTY-EIGHT AND 00/100 DOLLARS
B. Labor and Material Bond: $136,658.00
ONE HUNDRED THIRTY-SIX THOUSAND SIX HUNDRED FIFTY-EIGHT AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 8,200.00
EIGHT THOUSAND TWO HUNDRED AND 00/100 DOLLARS
D. Development Maintenance Deposit $ 3,000.00
THREE THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: $ 1,379.00
ONE THOUSAND THREE HUNDRED SEVENTY-NINE AND 00/100 DOLLARS
F. One Year Power Cost: N/A
G. Street Trees: By Developer
H. Map Checking Fee: N/A
I. Park Fee: N/A
J. Water Main Reimbursement: N/A
K. Maps and/or Improvement Plans: As specified in
Item #21 of agreement
L. Street Reimbursement Cost: $ 6,750.00
SIX THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS