101-Draft Resolution.pdfRESOLUTION NO. 11-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER, FOUR POINT HOLDINGS, LLC,
A CALIFORNIA LIMITED LIABILITY COMPANY,
10218 & 10228 ORANGE AVENUE, APN 357-18-031
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Four Point Holdings, LLC, a California
limited liability company, for the installation of certain municipal improvements at 10218 &
10228 Orange Avenue, 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 18th day of October, 2011, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST: APPROVED:
_________________________ ________________________
Kimberly Smith, City Clerk Gilbert Wong, Mayor, City of Cupertino
Resolution No. 10-
Page 2
EXHIBIT “A”
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPER: FOUR POINT HOLDINGS, LLC, A CALIFORNIA LIMITED
LIABILITY COMPANY
LOCATION: 10218 & 10228 ORANGE AVENUE
PART A Faithful Performance Bond: $ 9,520.00
110 2211
PART B Labor and Material Bond: $ 9,520.00
110 2211
PART C. Checking and Inspection Fee: $ 2,542.00
110 4538
PART D. Development Maintenance Deposit: $ 2,000.00
110 2211
PART E. Storm Drainage Fee – Basin 2 $ 363.24
215 4072
PART F. Street Light - One-Year Power Cost: N/A
110 4537
PART G. Map Checking Fee: $ 3,878.00
110 4539
PART H. Park Fee - ZONE II N/A
280 4082
PART I. Reimbursement Fee: N/A