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04-096 AKVW InvestmentsRECORDING REQUESTED BY City of Cupertino WHEN RECORDED MAIL TO City Clerk's Office City of Cupertino 10300 Torre Avenue Cupertino, CA 95014-3255 iWIWI~i~~IIWJ~IIIf ~i~llll~~ L~'~~ Pages 3 Fees.... ~ No Fees Taxes .. . Copies.. AMT PAID BRENDA DAV[S SANTA CLARA COUNTY RECORDER Recorded at the request of City RDE # 001 12/23/2005 2 23 PM (SPACE ABOVE THIS LINE FOR RECORDER'S USE) NO FEE INACCORDANCE WITH GOY. CODE 6103 CERTIFICATE OF COMPLETION ANI- NOTICE OF ACCEPTANCE OF COMPLETION AKVW INVESTMENTS, :LLC, A CALIFORNIA LIMITED COMPANY 10141 LEBAN~DN DRIVE APN 342-14-005 l , ~.. Original ~ For Fast Endorsement City Hall 10300 Torre Avenue Cupertino, CA 95014-3255 (408) 777-3354 PUBLIC WORKS DEPARTMENT CERTIFICATE OF' COMPLETION AND NOTICE OF ACCEPTANCE OF COMPLETION NOTICE IS HEREBY GNEN THAT I, Ralph A. Qualls, Jr., Director of Public Works and City Engineer of the City of Cupertino, California, do hereby certify that certain municipal improvements in conjunction with the following project: AKVW INVESTMENTS, LLC, A CALIFORNIA LIMITED C~~MPANY 10141 LEBANON DRIVE, APN 342-14-005 have been completed in accordance with the ap~~roved improvement plans and acceptance of completion was ordered by the City Council on December 6, 2005. '-~2~- t.,~ cc u us Director of Public Works and City Engineer of the City of Cupertino Date: December 14, 2005 Printed on Re:ycled Paper to-~~~' AGREEMENT 10141 Lebanon Drive APN 342-14-005 This AGREEMENT made and entered into t:his~ ~ day of /~~ ~ , 2004, by and between the CITY OF CUPERTINO, a municipal corporation of the State of California, hereinafter designated as CITY, and AKVW Investments, LI~C a California Limited Liability Company hereinafter designated as DEVELOPER. WITNESSETH WHEREAS, THE DEVELOPER has made ;application to the CITY to SECURE A BUILDING PERMIT to construct a single family dwelling hereinafter referred to as "Project". WHEREAS, CITY hereby approves the improvement plans and specifications prepared for the Project by Edward J. Hahamian , R.C.E a tnae copy of which improvement plans and specifications are on file in the office of the City 1~',ngineer of Cupertino; and WHEREAS, the same are incorporated herein by reference, the same as though set out in full; NOW, THEREFORE, said improvement plains and specifications shall be hereinafter called the "Plans", and the work to be done under the Plans shall be called the "Work". Pile No.: ~2, X92 Page 1 of 10 WHEREAS, pursuant to the provisions of this A<JREEMENT, the CITY hereby established the amounts of Bonds, Fees, and Deposits as set forth in the following schedule: SCHEDULE OF BONDS, FEES AND DEPOSITS Street Improvement Category: PART A. Faithful Performance Bond: $15,000.00 110-2211 PART B. Labor and Material Bond: $15,000.00 110-2211 PART C. Checking and Inspection Fee: $ 2,385.00 110-4538 PART D. Development Maintenance Deposit: $ 1,000.00 110-2211 PART E. Storm Drainage Fee: Basin 2 Account #: 215-4072 $327.74 PART F. One Year Power Cost: $75.00 110-4537 PART G. Street Trees -By Developer N/A PART H. Map Checking Fee: N/A PART I. Park Fee: ZONE II N/A ACCT #: 280-4082 PART J. Water Main Reimbursement Fee: N/A 110-4554 PART K. Maps and/or Improvement Plans N/A As Specified in Item #21 rile No.: sz, ~~? Page 2 of 10 NOW, THEREFORE, IT IS HEREBY MU"CUALLY AGREED by and between the parties hereto as follows, TO WIT: DEDICATION A. The DEVELOPER offers to dedicate; the real property shown on Exhibit "A", which is attached hereto and made a part hereof by reference. Said dedicated property shall be free and clear of all liens or encumbrances except those which the CITY shall waive in writing. The DEVELOPER agrees not to revoke said offer of dedication, and to keep said offer open until the CITY accepts offer by resolution. B. Upon execution of this AGREEMENT the DEVELOPER agrees to deliver a properly executed grant deed to the CITY o f the real property described in Exhibit "A", and such other executed conveyances, or instrur,~ents necessary to convey clear title as herein required. The DEVELOPER shall provide, at the DEVELOPER'S sole cost and expense, to the City: (1) A preliminary title report issued by a title insurance company relating to the property offered for dedicati~~n. (2) A standard policy of title insurance issued by a title insurance company and insuring the CITY in the sum o£ N/A, and which shall show said property free and clear of all liens or encumbrances except those as the CITY shall expressly waive in writing; said policy shall be furnished at the time of acceptance of dedication anc~ recordation of deed. C. Upon the condition precedent that the DEVELOPER shall perform each and every covenant and condition of this AGREEMENT, the CITY agrees to accept said real property offered for dedication. 2. INSTALLATION OF WORK It is further agreed that: A. The DEVELOPER shall install and complete the Work within one (1) year from the date of execution of this AGREEMENT, or such longer period as maybe specifically authorized in writing by the City Engineer. In the event the DEVELOPER fails or refuses to complete the Work within the specified period of time, the CITY, at its sole option, shall be authorized to complete the Work, in wh~etever manner the CITY shall decide. In the event the CITY completes the Work, the CITY may recover any and all costs incurred thereby from the DEVELOPER or the DEVELOPER'S surety or both. No final inspection shall be granted or street improvements shall not be accepted unless all the requirements for safety purposes are installed such as sidewalks, handicap ramps, street lights, etc. B. The DEVELOPER shall install and complete the Work in a good and workmanlike manner in accordance with the plans as approved by the City Engineer of Cupertino. The Fide No.: 52,392 Page 3 of 10 Work shall be done in accordance with existing ordinances and resolutions of the CITY and in accordance with all plans, specificati~~ns, standards, sizes, lines, and grades approved by the City Engineer. The Work ;;hall be done in accordance with all State and County Statutes applicable hereto. The decision of the City Engineer shall be final as to whether any material or workmanship meet;; the standards, specifications, plans, sizes lines and grades as set forth. C. It is further agreed that the Work sh<<ll be done in accordance with the most current Standard Specifications of the Department of Public Works, California Department of Transportation, State of California, and in a~~cordance with the specifications of the Cupertino Sanitary District where applicable. Wherever the words "State" or "California Division of Highways" are mentioned in the State Specifications, it shall be considered as referring to the CITY of Cupertino; also wherever the "Director" or "Director of Public Works" is mentioned, it shall be considered as referring to the City Engineer. In case of conflict between the State Specifications and the specifications of the CITY, and/or the Cupertino Sanitary District, the specifications of the CITY and/or the Cupertino Sanitary District shall take precedence over and be used in lieu of such conflicting portions. 3. EXCAVATION PERMIT It is further agreed that the DEVELOPER shall comply with Section Three of Ordinance No. 130 of the CITY by obtaining an excav;~tion permit from the City Engineer before the commencement of any excavation in, on, or under the surface of any existing public street, lane, alley, sidewalk, or other public place. It is further agreed that the DEVELOPER shall notify the City Engineer of the exact date ar~d time when the proposed excavation is to commence. 4. QUITCLAIM DEED It is further agreed that the DEVELOPER, when requested by the CITY, shall quitclaim all his rights and interests in, and shall grant to CITY authorization to extract water from the underground strata lying beneath said project and DEVELOPER agrees to execute a "Quitclaim Deed and Authorization" in favor of CITY, when presented to them for signature. BONDS AND OTHER SECURITY ride No.: X2,392 Page 4 of 10 A. Upon the execution of this AGREET/IENT, the DEVELOPER shall file with the CITY a faithful performance bond to assure his full and faithful performance of this AGREEMENT. The penal sum of said faithful performance bond shall be the full cost of any payment to be made under this AGREEMENT, the value of any land agreed to be dedicated, and any improvements are to be made under this AGREEMENT. In the event that improvements are to be made under thi;~ AGREEMENT, the DEVELOPER shall, in addition to said faithful performance, file with the CITY a labor and materials bond in a penal sum adequate to assure full payment of all labor and materials required to construct said improvements. The amount of said bo~ids shall be as designated by the City Engineer. Said bonds shall be executed by a surety company authorized to transact a surety business in the State of California and must be approved by the City Attorney as to form and by the City Engineer as to sufficiency. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this AGREEMENT, or to make any payment, or any dedication of land, or any improvements herein required, the CITY shall call on the surety to perform this AGREEMENT or otherwise indemnify the CITY for the DEVELOPER'S failure to so do. B. In lieu of a faithful performance surf;ty bond, the DEVELOPER may elect to secure this AGREEMENT by depositing with the (~ITY: 1. Cash; or, 2. A cashier's check, or a certified check payable to the order of the City of Cupertino; or, 3. A certificate of deposit, or instrument of credit meeting the requirements of Government Code Section 65499 (b) or (c). C. The amount of said cash, checks, certificate of deposit, or instrument of credit shall be as designated by the City Engineer, and :;hall be the equivalent to that which would have been required had the DEVELOPER furnished the CITY with a faithful performance surety bond. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this AGREEMENT, or to make any payment, or any dedication of land, or any improvements herein required, the CITY may apply the proceeds of said security thereto. D. No release of surety bond, cash deposit, check, or certificate of deposit, shall be made except upon approval of the City Council. Schedule for bond and insur;~nce release for all sureties are as follows: A. Release of 90 percent of the faithful performance bond upon acceptance by City Cou~icil B. Release of the remaining 10 percent of the performance bond at one year from acceptance after all deficiencies have been corrected and in the absence of any cl~~im against such bond. rile ~a.: ~z,_>>~? Page 5 of 10 C. Release of the entire; labor and material bond at six months from acceptance after all deficiencies have been corrected and in the absence of any claim against such bond. D. Liability insurance, provided by the developer to hold the City harmless in the event of liability arising from the project, to be retired at the end of one year if all deficiencies have been corrected and in the absence of any claim against such insurance. 6. CHECKING AND INSPECTION FEE It is further agreed that DEVELOPER shall pay any and all necessary direct expenses for inspection, checking, .etc., incurred by CITY" in connection with said Project, and that DEVELOPER shall have deposited with CITY, prior to execution of this AGREEMENT, the amount as set forth herein at Page 2 (Part C.). Should construction cost vary materially from the estimate from which said sum is c<<lculated, the City Engineer shall notify DEVELOPER of any additional sum due anal owing as a result thereof. 7. MAP CHECKING FEE -NOT APPLICABLE It is further agreed that the DEVELOPER shall deposit with CITY, prior to execution of this AGREEMENT, for office checking of final map and field checking of street monuments, in compliance with Section 4:l of Ordinance No. 47 (Revised 12/04/61) of CITY, the amount as set forth herein at Page 2 (Part H). 8. DEVELOPMENT MAINTENANCE DEPOSIT It is further agreed that the developer shall I>ay to the City, prior to execution of this agreement, the amount set forth at page 2 (fart D) as a development maintenance deposit to insure copies of approved plans are made- for the files of the City in accordance with Item 21 of this agreement. The balance of the deposit shall be released in conjunction with the release of the remaining 10% of the on€;inal bond. 9. STORM DRAINAGE FEE It is further agreed that the DEVELOPER s',:iall deposit with the CITY, prior to execution of this AGREEMENT, a storm drainage ch;~rge in connection with the said Project in accordance with the requirements established in Resolution 4422, March 21, 1977, in the amount as set forth herein at Page 2 (Part E). 10. WATER MAIN EXTENSION DEPOSIT -NOT APPLICABLE The DEVELOPER further agrees to deposi~: with the CITY those monies required to comply with "Policy on Water Main Exten~~ions Work and Deposits" dated 9/30/77. The file No.: X2,392 Page 6 of 10 deposit shall be held by the CITY until said monies are needed to implement improvements outlined by the Director of Public Works or improvements outlined within the adopted Water Master Plan. The amount shown herein at Part J, Page 2, shall be the full amount due. 11. ONE YEAR POWER COST - It is further agreed that the DEVELOPER shall pay to the CITY prior to execution of this AGREEMENT, the amount as set forth herf;in at Page 2 (Part F), which amount represents the power cost for street lights for one year. 12. THE INSTALLATION OF STREET TREES - It is further agreed that the DEVELOPER shall, at such time as deemed appropriate by the City Engineer, plant street trees in conformance with the standards of the City of Cupertino. Variety of tree shall be selected from the City approved list. 13. PARK FEES -NOT APPLICABLE It is further agreed that the DEVELOPER shall pay such fees and/or dedicate such land to the CITY, prior to execution, as is required within Section 18-1.602 Park Land Dedication, Cupertino Municipal Code, and which is further stipulated under Part I, Page 2 herein. Fees are also in accordance with action adopted ley the City Council on March 19, 1991 and Chapter 14.05 or Section 18-1.602 of the Cupertino Municipal Code. 14. MAINTENANCE OF WORK It is further agreed that the DEVELOPER shall maintain the Work until all deficiencies in the Work are corrected to conform to the Plans and the City Standards and Specifications for the Work. The DEVELOPER shall, upon written notice thereof, immediately repair or replace, without cost or obligation. to the City of Cupertino, and to the entire satisfaction of said CITY, all defects and imperfections arising out of or due to faulty workmanship and/or materials appearing in said Work. 15. SANITARY DISTRICT It is further agreed that the DEVELOPER shall file with CITY, upon execution of this AGREEMENT, a letter from the Cupertino Sanitary District stating that the DEVELOPER has submitted plans for review by the District and that sanitary sewers are available to serve all lots within said Project. 16. GOVERNMENT CODE File No.: X2,92 Page 7 of 10 It is further agreed that DEVELOPER shall file with CITY, upon execution of this AGREEMENT, substantial evidence that all provisions of Section 66493, Article 8, Chapter 4 of the Government Code, pertaining to special assessments or bonds, have been complied with. 17. PACIFIC GAS AND ELECTRIC/PACIFIC BELL It is further agreed that the DEVELOPER shell pay to Pacific Gas and Electric Company and/or to PACIFIC BELL Company any and all fees required for installation of overhead and/or underground wiring circuits to all electroliers within said property and any and all fees required for undergrounding as provided. in Ordinance No. 331 of CITY when are notified by either the City Engineer or the Pa~~ific Gas and Electric Company and/or Pacific Bell Company that said fees are due and pay<<ble. 18. EASEMENTS AND RIGHT-OF-WAY It is further agreed that any easement and Night-of--way necessary for completion of the Project shall be acquired by the DEVELOPER at his own cost and expense. It is provided, however, that in the event eminent domain proceedings are required the CITY for the purpose of securing said easement and right-of--way, that the DEVELOPER shall deposit with CITY a sum covering the reasonable market value of the land proposed to be taken and to be included in said sum shall be a reasonable allowance for severance damages, if any. It is further provided that in addition thereto, such sums as maybe required for legal fees and costs, engineering, and other incidental costs in such reasonable amounts as the CITY may require shall be deposited-with the City of Cupertino. 19. HOLD HARMLESS It is further agreed that, commencing with the performance of the Work by the DEVELOPER or his contractor and contim~ing until the completion of the maintenance of the Work, the DEVELOPER shall indemnity, hold harmless and defend the CITY from and against any or all loss, cost, expense, d~image or liability, or claim thereof, occasioned by or in any way whatsoever arising out of the performance or nonperformance of the Work or the negligence or willful misconduct of the DEVELOPER or the DEVELOPER'S agents, employees and independent contractors, except to the extent any of the foregoing is caused by the negligence or willful misconduct of the CITY or the CITY's agents, employees and independent contractors. 20. INSURANCE It is further agreed that: The DEVELOPER. shall take out, or shall require any contractor engaged to perform the work to take out, anal maintain at all times during the performance and maintenance of the work called for or required to be done hereunder, a policy of insurance naming the CITY and members of the City Council of the City of Cupertino Pile No.: ~2, X92 Page 8 of 10 individually and collectively, and the officers, agents and employees of the CITY individually and collectively, as insured. Said separate policy shall provide bodily injury and property damage coverage to the foregoing named CITY and individuals covering all the Work performed by, for, or on behalf of said DEVELOPER. Both bodily injury and property damage insurance must be on an occurrence basis; and said policy or policies shall provide that the coverage afforded thereby shall be primary coverage to the full limit of liability stated in the declarations, and if the city, its members of the City Council individually and collectively, and the officers, agents, and employees of the CITY, individually and collectively, have other ins~~rance against the loss covered by said policy or policies, that other insurance shall not be called upon to cover a loss under said additional policy. The insurance carrier shall provide proof of their ratings. All ratings shall be a minimum of "Best A-7" in accordance with ABAG policies. A. Each of said policies of insurance shall provide coverage in the following minimum amounts: For bodily injury, $100,00() each person; $300,000 each occurrence, property damage, $50,000 on account of any one occurrence with an aggregate limit of not less than $200,000. B. The DEVELOPER shall file with th~~ City Engineer at or prior to the time of execution of this AGREEMENT by the DEVELOPER such evidence of said foregoing policy or policies of insur~ulce as shall be satisfactory to said City Engineer. Each such policy or policies shall bear an endorsement precluding the cancellation or reduction in coverage without giving the City Engineer at least ten (10) days advance notice thereof. Tlie CITY shall be shown as additionally insured on a separate "Additional Insured O~~vners, Lessees or Contractors" (Form A) or (Form B) Endorsement provided along with the evidence of said foregoing policy of policies of Insurance. C. In the event that the Project covered herein should be mutually situated in or affect the area of jurisdiction of a separate municipality or political subdivision of the State of California, the policies of insurance required herein and above shall co- name such municipality or political ;subdivision and the provision set forth herein and above for the protection of the CITY shall equally apply to municipality and political subdivision. 21. MAPS AND/OR IMPROVEMENT PLAN:i It is further agreed that the CITY shall obtain the following map and/or plans at the DEVELOPER'S expense: A. A mylar blackline and five ('i) prints of fully executed parcel map. Pile No.: X2,392 Page 9 of 10 B. A mylar blackline and twelve; (12) prints of fully executed improvement plans. C. A scan in raster format of all executed improvement plans and map. The DEVELOPER agrees to pay the CITY from the development maintenance deposit the cost for all prints of plans and map required under Item 21. 22. SUCCESSORS This AGREEMENT shall bind the heirs, administrators, executors, successor, assignee and transferees of the DEVELOPER. The assig~unent of this AGREEMENT shall not be made without approval by the City Council ~af the City of Cupertino. IN WITNESS WHEREOF, CITY has caused its name to be hereunto affixed by its Mayor and City Clerk, thereunto duly authorized by resolution of the City Council and said DEVELOPER has hereunto caused their names to be affixed the day and year first above written. CITY OF UPERTINO: ~ti~ ~G~ Mayor ~~ '~-h~f ~~ ity Clerk Notary Acknowledgment Required Exhibit A Attached DEVELOPER: ~, a Martha K ~,. Pile No.: ~2, X92 Page 10 of 10 Annroved as to form: CALIFORNIA ALL-PURPOSE CERTIFICATE OF ACKNOWLEDGMENT State of California County of ~~~ ~~ On g (S ~o ` before me, ~~~i ~~1 ~~ lr~; f~ ~~~ ~; c. ate re, rte - e.g., o n oe, ar u ~c personally appeared ~ti ~~i ^ Pt~rsonally known to me OR [roved to me on the basis of Type mid # of to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their ,authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. / ~ OFFICIAL SEAL ~ ~+ BANG D. PHO ~ Signature of Notary COMM. #1400228 d NOTARY PUBLIC - CALIFORNIA ~ ~ ~ ' _ l ,~ also County N ~lT - V~•~ S ,- r L>~ v My Comm~~gres FEb. 13, 2007 ~ Print Votary's Name, County in whichSo mission V, and Commission Expiration Datc ®u~~~~~~~~nunun~nu~~~r~~~~^ ~~, r5.2ezva~. OPTIONAL The data below is not required by law, however it may prove valuable to persons relying on the document and could prever~tt fraudulent reattachment of this form. SIGNATURE AUTHORITY OF SIGNER: ^ INDIVIDUAL ^ CORPORATE OFFICER(S) Titlc(s) ^ PARTNER ^ L/M/TED ^ GENERAL ^ ATTORNEY-IN-FACT ^ TRUSTEE(S) ^ GUARDIAN/CONSERVATOR ^ OTHER: NAME~S~ OF PERSON(S~ OR ENTITY~IES~ SIGNER IS REPRESENTING: DESCRIPTION OF ATTACHED DOCUMENT ~;1 ~2t' 1~~~ TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE: 211112 Reproduction prohibited. Reorder from Amcricar Society of Notaries, H511-671-5164 or www.notarics.url~. IILtI~ oy- o~ ~ DRAFT RESOLUTION N0.04-394 A RESOLUTION OF THE CITY COUiJCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS, AKVW INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, 10141 LEBANON DRIVE, APN 342',-14-005 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, AKVW Investments, LLC, a California Limited Liability Company, for the installation of certain municipal improvements at 10141 Lebanon Drive and said agreement having been approved by the City Attorney, and Developer having paid the fees as outlined in the attached E:Khibit 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 adjourned meeting of the City Council of the City of Cupertino this 7`" day of September 2004, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk APPROVED: Mayor, City of Cupertino i~~= I Resolution No. 04-394 Page 2 EXHIB:[T "A" SCHEDULE OF BOND, :FEES, AND DEPOSITS DEVELOPMENT: AKVW Investments, LLC, a California Limited Liability Company LOCATION: 10141 Lebanon Drive APN 342-14-005 A. Faithful Performance Bond: $ 15,000.00 FIFTEEN THOUSAND AND 00/100 DOLLARS B. Labor and Material Bond: $ 15,000.00 FIFTEEN THOUSAND AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 2,385.00 TWO THOUSAND THREE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS D. Development Maintenance Deposit $ 1,000.00 ONE THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: $ 327.74 THREE HUNDRED TWENTY-SEVEN AND 74/100 DOLLARS F. One Year Power Cost: $ 75.00 SEVENTY-FIVE AND 00/100 DOLLARS G. Street Trees: By Developer H. Map Checking Fee: N/A I. Park Fee: N/A J. Water Main Reimbursement: N/A K. Maps and/or Improvement Plans: As specified in Item #21 of agreement 1 10.