CC Resolution No. 04-394
RESOLUTION NO. 04-394
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, AKVW INVESTMENTS, LLC, A
CALIFORNIA LIMITED LIABILITY COMPANY, 10141 LEBANON DRIVE,
APN 342-14-005
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, AKVW Investments, LLC, a California
Limited Liability Company, for the installation of certain municipal improvements at 10141
Lebanon Drive 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 adjourned meeting of the City Council of the City
of Cupertino this 7" day of September 2004, by the following vote:
Vote
Members Qfthe Q!y Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Kwok, Lowenthal, Sandoval
None
James, Wang
None
ATTEST:
AP~
U/
Vice-Mayor, City of Cupertino
G~1tr
~~ City Clerk
Resolution No. 04-394
Page 2
EXHffiIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
Company
AKVW Investments, LLC, a California Limited Liability
LOCATION:
10141 Lebanon Drive
APN 342-14-005
A. Faithful Performance Bond:
FIFTEEN THOUSAND AND 00/100 DOLLARS
$ 15,000.00
B. Labor and Material Bond:
FIFTEEN THOUSAND AND 00/100 DOLLARS
$ 15,000.00
C. Checking and Inspection Fees: $ 2,385.00
TWO THOUSAND THREE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS
D. Development Maintenance Deposit
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee:
THREE HUNDRED TWENTY-SEVEN AND 74/100 DOLLARS
$
327.74
F. One Year Power Cost:
SEVENTY-FIVE AND 00/100 DOLLARS
$
75.00
G.
Street Trees:
By Developer
H.
Map Checking Fee:
N/A
1.
Park Fee:
N/A
J.
Water Main Reimbursement:
N/A
K.
Maps and/or Improvement Plans:
As specified in
Item #21 of agreement