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CC Resolution No. 01-107RESOLUTION NO. 01- 107 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING THE RELEASE OF COVENANTS RUNNING WITH THE LAND AND RELEASING TWO EXPIRED DEFERRED AGREEMENTS FOR IMPROVEMENTS ON PROPERTY LOCATED AT 10157 FOOTHILL BOULEVARD (APN NO. 342-14-116) WHEREAS, two deferred agreements were executed and recorded on January 31, 1978 and April 13, 1984 for public improvements such as curbs, gutters, storm lines, and asphalt street work for property located at 10157 Foothill Boulevard; and WHEREAS, both agreements had an expiration date of 5 year and 6 months from the date of the agreement provided the City did not exercise its rights under the agreement; and WHEREAS, the City did not exercise its rights to require the improvements and no longer have those rights due to expiration of said agreements. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Cupertino: 1. That the City hereby authorizes the release of covenants running with the land for the property located at 10157 Foothill Boulevard and authorizes the Mayor to sign the release. 2. That the City hereby authorizes the release of the expired deferred agreements and the clearance of said deferred agreements from the current property title. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 7 day of May, 2001, by the following vote: Vote Members of the City Council AYES: Burnett, Chang, James, Lowenthal NOES: None ABSENT: None ABSTAIN: None ATTEST: City Clerk f APSRO,~ED: Mayor, City of C-ul~i'fio RECORDING REQUESTED BY City of Cupertino WHEN RECORDED MAIL TO City of Cupertino 10300 Torre Avenue Cupertino, CA 95014 ESCROW NO. 517707—IM AP# 342-14-116 NO FEE IN ACCORDANCE WITH GOV. CODE 6103 DOCUMENT: 15730742 BRENDA DAVIS SANTA CLARA COUNTY RECORDER Recorded at the request of Old Republic Title Company fkso - Q - 167 Titles:1 / Pages: 3 Fees.... 13.00 Taxes... Copies,. AMT PAID 13.00 .D • .. ., AM (SPACE ABOVE THIS LINE FOR RECORDER'S USE) RELEASE OF COVENANTS RUNNING WITH THE LAND, 10157 FOOTHILL BOULEVARD (APN NO. 342-14-116) C) Original 171 For Fast Endorsement PLEASE RETURN TO: City of Cupertino 10300 Torre Avenue Cupertino, CA 95014 Release of Covenants Running With the Land The City of Cupertino hereby releases the covenants running with the land contained in a certain agreement between the City of Cupertino and Wallace Amaral and Betty Amaral, as joint tenants, executed on December 23, 1977 and recorded at the office of the Santa Clara County Recorder on January 31, 1978 Book�J39 Page 434 (Document No. 5915991). D Dated: / , Mayor, City of Cup 'no