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CC Resolution No. 9971RESOLUTION NO. 9971 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER KELVIN KANG AND MARTHA SHAN PING KANG; 21850 LOMITA AVENUE, APN 357-15-005 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Kelvin Kang and Martha Shan Ping Kang, for the installation of certain municipal improvements at 21850 Lomita Avenue and said agreement having been approved by the City Attorney, and Developer 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 6th day of October, 1997, by the following vote: Vote Members of the City Council AYES: Burnett, NOES: None ABSENT: None ABSTAIN: None Chang, Dean, Sorensen, Bautista ATTEST: Cit~ APPROVED: ~o}, City ~f'-Cupertino Resolution No. 9971 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Single-Family Residence Kelvin Kang and Martha Shan Ping Kang LOCATION: 21850 Lomita Avenue A. Faithful Performance Bond: $14,000.00 FOURTEEN THOUSAND AND 00/100 DOLLARS B. Labor and Material Bond: $14,000.00 FOURTEEN THOUSAND AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 1,918.00 ONE THOUSAND NINE HUNDRED EIGHTEEN AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: FIVE HUNDRED AND 00/100 DOLLARS. F. Storm Drainage Fee: Basin #3 TWO HUNDRED SEVENTY AND 00/100 DOLLARS G. One Year Power Cost: SEVENTY-FIVE AND 00/100 DOLLARS N/A $ 500.00 $ 270.00 $ 75.00 H. Street Trees: By Developer I. Map Checking Fee: N/A J. Park Fee: Zone I N/A K. Water Main Reimbursement: $ 2,255.40 TWO THOUSAND TWO HUNDRED FIFTY-FIVE AND 40/100 DOLLARS L. Maps and/or Improvement Plans: As specified in Item #23 of agreement