CC Resolution No. 08-031Improvement agrmtRESOLUTION N0.08-031
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT WITH BAY
COLONY INVESTORS II, INC., 10745 DE ANZA BOULEVARD, APN 326-10-064
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Bay Colony Investors II, Inc., for the
installation of certain municipal improvements at 10745 De Anza Boulevard, 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 18th day of March 2008, by the following vote:
Vote Members of the City Council
AYES: ~ Sandoval, Mahoney, Santoro, Wang, Wong
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
City Clerk
APPROVED:
Mayor, City of Cupertino
Resolution No. 08-031
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: BAY COLONY INVESTORS II, INC.
LOCATION: 10745 DE ANZA BOULEVARD, APN 326-10-064
A. Faithful Performance Bond:
NINETY-FIVE THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond:
NINETY-FIVE THOUSAND AND 00/100 DOLLARS
$ 95,000.00
$ 95,000.00
C. Checking and Inspection Fee: $ 4,750.00
FOUR THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
D. Development Maintenance Deposit:
TWO THOUSAND AND 00/100 DOLLARS
$ 2,000.00
E. Storm Drainage Fee: Basin 2 $ 4,488.62
FOUR THOUSAND FOUR HUNDRED EIGHTY-EIGHT AND 62/100 DOLLARS
F. Street Light -One-Year Power Cost: N/A
G. Map Checking Fee: $ 6,750.00
SIX THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
H. Park Fee: ZONE II $299,700.00
TWO HUNDRED NINTEY-NINE THOUSAND SEVEN HUNDRED AND 00/100
DOLLARS
I. Reimbursement Fee $6,522.50
SIX THOUSAND FIVE HUNDRED TWENTY-TWO AND 50/100 DOLLARS