CC Resolution No. 08-126 Improvement Agreement 10056 Orange Avenue RESOLUTION NO. 08-126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, MARCI PROPERTIES, LLC,
10056 ORANGE AVENUE, APN 357-17-058
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Marci Properties, LLC, 10056 Orange
Avenue, APN 357-17-058 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 16th day of September 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:
. ~ ` -
N~ ~ .
City Clerk Mayor, City f Cupertino
Resolution No. OS-126
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: MARCI PROPERTIES, LLC,
LOCATION: 10056 ORANGE AVENUE, APN 357-17-058
A. Faithful Performance Bond: $ 53,326.00
FIFTY-THREE THOUSAND THREE HUNDRED TWENTY-SIX AND 00/100 DOLLARS
B. Labor and Material Bond: $ 53,326.00
FIFTY-THREE THOUSAND THREE HUNDRED TWENTY-SIX AND 00/100 DOLLARS
C. Checking and Inspection Fee: $ 3,847.00
THREE THOUSAND EIGHT-HUNDRED FORTY-SEVEN AND 00/100 DOLLARS
D. Development Maintenance Deposit: $ 2,000.00
TWO THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: Basin 2 $556.61
FIVE- HUNDRED FIFTY-SIX AND 61/100 DOLLARS
F. Street Light - One-Year Power Cost: $150.00
ONE-HUNDRED FIFTY AND 00/ 100 DOLLARS
G. Map Checking Fee: $.00
H. Park Fee: ZONE III $18,000.00
EIGHTEEN THOUSAND AND 00/100 DOLLARS
I. Reimbursement Fee N/A