13. Yin/Peng Impr. Agrmnt.
DRAFT
RESOLUTION NO. 06-091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER, CHENG HSIN YIN AND VICKIE PENG,
HUSBAND AND WIFE AS A COMMUNITY PROPERTY WITH RIGHT OF
SURVIVORSHIP, 10038 ORANGE AVENUE, APN 357-17-059
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Cheng Hsin Yin and Vickie Peng,
husband and wife as a community property with right of survivorship, for the installation of
certain municipal improvements at 10038 Orange Avenue 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 May, 2006, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
APPROVED:
City Clerk
Mayor, City of Cupertino
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Resolution No. 06-091
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Cheng Hsin Yin and Vickie Peng, husband and wife as a community
property with right of survivorship
LOCATION: 10038 Orange Avenue, APN 357-17-059
A. Faithful Performance Bond: $ 37,048.00
THIRTY-SEVEN THOUSAND FORTY-EIGHT AND 00/100 DOLLARS
B. Labor and Material Bond: $ 37,048.00
THIRTY-SEVEN THOUSAND FORTY-EIGHT AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 1,852.40
ONE THOUSAND EIGHT HUNDRED FIFTY-TWO AND 40/100 DOLLARS
D. Development Maintenance Deposit $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: $ 397.25
THREE HUNDRED NINETY-SEVEN AND 25/100 DOLLARS
F.
One Year Power Cost:
THIRTY-SEVEN AND 50/100 DOLLARS
$ 37.50
G.
Map Checking Fee:
N/A
H.
Park Fee:
N/A
1.
Traffic/Transportation Requirement Fee
EIGHT THOUSAND AND 00/100 DOLLARS
$ 8,000.00
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