CC Resolution No. 08-103 Reza Dev. Imp. Agrmnt.RESOLUTION N0.08-103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN THE
CITY AND DEVELOPER, REZA DEVELOPMENT, LLC, A CALIFORNIA LIMITED
LIABILITY COMPANY, 10484 BYRNE AVENUE, APN 357-14-078
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Reza Development, LLC, a California
Limited Liability Company, 10484 Byrne Avenue, APN 357-14-078, 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 5th day of August 2008, by the following vote:
Vote Members of the C~ Council
AYES: Sandoval, Mahoney, Santoro, Wang, Wong
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
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City Clerk ~~~~"
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Mayor, City o Cupertino
Resolution No. 08-103
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Reza Development, LLC, a California Limited Liability Company
LOCATION: 10484 Byrne Avenue, APN 357-14-078
A. Faithful Performance Bond: $ 31,256.50
THIRTY-ONE THOUSAND TWO-HUNDRED FIFTY-SIX AND 50/100 DOLLARS
B. Labor and Material Bond: $ 31,256.50
THIRTY-ONE THOUSAND TWO-HUNDRED FIFTY-SIX AND 50/100 DOLLARS
C. Checking and Inspection Fee: $ 2,385.00
TWO THOUSAND THREE-HUNDRED EIGHTY-FIVE AND OD/100 DOLLARS
D. Development Maintenance Deposit:
TWO THOUSAND AND 00/100 DOLLARS
$ 2,000.00
E. Storm Drainage Fee: Basin 2 $ 129.01
ONE HUNDRED TWENTY-NINE AND O1/100 DOLLARS
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