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07. Imp. Agrmnt. 10170 Peninsula Avet3~T RESOLUTIOl~T NO. 09-041 A RESOLUTION OF THE CITY COUI~iCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER JIE MEI, 10170 PENINSULA AVENUE, APN 326-22-038 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and Developer Jie Mei, 10170 Peninsula Avenue, APN 326-22-038 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 regulaY~ meeting of the City Council of the City of Cupertino this 17th day of March, 2009, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk APPROVED: Mayor, City of Cupertino ~-~ Resolution No. 09-041 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPER: JIE MEI LOCATION: 10170 PENINSULA AVENUE, APN 326-22-038 A. Faithful Performance Bond: $ 10,847.00 TEN THOUSAND EIGHT HUNDRED FORTY-SEVEN AND 00/100 DOLLARS B. Labor and Material Bond: $ 10,847.00 TEN THOUSAND EIGHT HUNDRED FORTY-SEVEN AND 00/100 DOLLARS C. Checking and Inspection Fee: $ 2,385.00 TWO THOUSAND THREE-HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS D. Development Maintenance Deposit: $ 2,000.00 TWO THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: Basin 2 $189.59 ONE HUNDRED EIGHTY-NINE AND 59/100 DOLLARS F. Street Light -One-Year Power Cost: G. Map Checking Fee: H. Park Fee: ZONE III I. Reimbursement Fee N/A N/A N/A N/A ~-z ~ V V ~ J ~ v. - _,. ,~~< gam. ~r----1.-~,~,c-.' `~Z ~. 1V "fig?" _ ~:''~ ~_ `- - ~ ~ ~y ~ :r. ~2~ ~ ~ ~ ~"~' j "'~~lR'~+ ~ Via`=°~. _ ~ .w -- -af`t' ~,,~0.1~(~~~ ~~' ~ ~.._. - a _ ~.. t: :: _~ , 1 ~ ,.- .~~ is ~. ----,w +. ' _ s Adopt a resolution approving an improvement agreement, Jie Mei, 10170 Peninsula ~_ 0 ~~ =i Avenue, APN 326-22-038, Resolution No. 09- _. ! i ="t' ~ e~~ri`. iiii Through the improvement agreement with the City, the applicant for a building permit ~_~ '~ for asingle-family residential development will be obligated to bond and construct city- ,~ ~ ~O ' '^~ specified roadside improvements along the street frontage of their building site. '~ - •~.~-~~ _ -~ 2p. ~ Adopt a resolution accepting a Quitclaim Deed and Authorization for Underground ~O~ ~~ Water Rights, Jie Mei, 10170 Peninsula Avenue, APN 326-22-038, Resolution No. 09- ~``~. ~, ,r_ The property owners of this residential development agree to grant to the City the right - to extract water from the basin under the overlying property. ~ ~~_.~ _ %- #s _ ` a. - f. ~~~. :`~ ,.. _ _ '~ _.w