05. Cupertino Estate LLC Agrmt
RESOLUTION NO. 05-173
DRAFT
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, CUPERTINO ESTATE LLC,
A CALIFORNIA LIMITED LIABILITY COMPANY, 10030 HILLCREST ROAD
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Cupertino Estate LLC, a California
Limited Liability Company, for the installation of certain municipal improvements at 10030
Hillcrest Road 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 October 2005, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
APPROVED:
City Clerk
Mayor, City of Cupertino
)~I
Resolution No. 05-173
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Cupertino Estate LLC, a California Limited Liability Company
LOCATION: 10030 Hillcrest Road
A. Faithful Performance Bond: Off-site: $ 17,737.50
On-site: $ 13,673.00
SEVENTEEN THOUSAND SEVEN HUNDRED THIRTY-SEVEN AND 50/100 DOLLARS
THIRTEEN THOUSAND SIX HUNDRED SEVENTY-THREE AND 00/100 DOLLARS
B. Labor and Material Bond: $17,737.50
SEVENTEEN THOUSAND SEVEN HUNDRED THIRTY-SEVEN AND 50/100 DOLLARS
C. Checking and Inspection Fees: $ 2,130.00
TWO THOUSAND ONE HUNDRED THIRTY AND 00/100 DOLLARS
D. Development Maintenance Deposit
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee:
THREE HUNDRED TWENTY-THREE AND 13/100 DOLLARS
$ 323.13
F. One Year Power Cost: N/A
G. Street Trees: By Developer
H. Map Checking Fee: N/A
I. Park Fee: N/A
J. Water Main Reimbursement: N/A
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