CC Resolution No. 04-378
RESOLUTION NO. 04-378
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, EVERSHINE VI, LP., A CALIFORNIA
LIMITED PARTNERSHIP, MARKETPLACE SHOPPING CENTER, APN 369-06-009
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Evershine VI, LP., a California Limited
Partnership, for the installation of certain municipal improvements at Marketplace Shopping
Center 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 16"' day of August, 2004 by the following vote:
Vote
Members 2fthe Q!y Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Kwok, Lowenthal, Sandoval, Wang
None
James
None
ATTEST:
.~
Ci~~
ti/Þ1 /
Vice-Mayor, City of Cupertino
Resolution No. 04-378
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
Evershine VI, LP., a California Limited Partnership
LOCATION:
Marketplace Shopping Center
APN 369-06-009
A. Faithful Performance Bond: $ 75,025.00
SEVENTY-FIVE THOUSAND TWENTY-FIVE AND 00/100 DOLLARS
B. Labor and Material Bond: $ 75,025.00
SEVENTY-FIVE THOUSAND TWENTY-FIVE AND 001100 DOLLARS
C. Checking and Inspection Fees: $ 3,75 ¡ .00
THREE THOUSAND SEVEN HUNDRED FIFTY-ONE AND 001100 DOLLARS
D.
Development Maintenance Deposit
PAID
E.
Storm Drainage Fee:
PAID
F.
One Year Power Cost:
N/A
G.
Street Trees:
By Developer
H.
Map Checking Fee:
"J!,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