CC Resolution No. 06-184
RESOLUTION NO. 06-184
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
WITH CUPERTINO SQUARE, LLC, 10123 NORTH WOLFE ROAD,
SUITE #EPS4 (l.C. PENNEY PARKING STRUCTURE), APN 316-20-037
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Cupertino Square, LLC, 10123 North
Wolfe Road, Suite #EPS4 (l.C. Penney Parking Structure), 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 6th day of November 2006, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
Lowenthal, Wang, Kwok, Mahoney, Sandoval
None
None
None
ATTEST:
APPROVED:
.
.
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City Clerk
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Mayor, City of Cupertmo -.
Resolution No. 06-184
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Cupertino Square, LLC
LOCATION: 10123 North Wolfe Road, Suite #EPS4 (lC. Penney Parking Structure)
APN 316-20-037
A. Faithful Performance Bond $ 559,644.00
B. Labor and Material Bond $ 559,644.00
C. Checking and Inspection Fee $ 33,578.64
D. Development Maintenance Deposit $ 2,000.00
E. Storm Drainage Fee: Basin 2 N/A
F. Street Light - One-Year Power Cost N/A
G. Map Checking Fee N/A
H. Park Fee: Zone II N/A
I. Reimbursement Fee N/A