10. 21600 Rainbow Dr FT
RESOLUTION N0.09-126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS LOUIS YING LAU AND PHYLLIS
ANN CHOY LAU, 21600 RAINBOW DRIVE, APN 366-38-012
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and Louis Ying Lau and Phyllis Ann Choy Lau, 21600
Rainbow Drive, APN 366-38-012, 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 4th day of August 2009, by the following vote:
Vote Members of the C~ Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST: APPROVED:
City Clerk Mayor, City of Cupertino
10-1
Resolution No. 09-126
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPERS: LOUIS YING LAU AND PHYLLIS ANN CHOY LAU
LOCATION: 21600 RAINBOW DRIVE, APN 366-38-012
A. Faithful Performance Bond: $ 23,061.39
TWENTY THREE THOUSAND SIXTY-ONE AND 39/100 DOLLARS
B. Labor and Material Bond: $ 23,061.39
TWENTY THREE THOUSAND SIXTY-ONE AND 39/100 DOLLARS
C. Checking and Inspection Fee: $ 2,194.00
TWO THOUSAND ONE-HUNDRED NINETY-FOUR AND 00/100 DOLLARS
D. Development Maintenance Deposit: $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
F. Street Light -One-Year Power Cost: $ 0.00
G. Map Checking Fee: $ 3,348.00
THREE THOUSAND THREE HUNDRED FORTY-EIGHT AND 00/100 DOLLARS
H. Park Fee: ZONE III $15,750.00
FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
I. Reimbursement Fee N/A
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r ~ tidopi a resolution approving an improvement agreement, Louis ~ ~ ~
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z Yin Lau and Ph Ilis Ann Cho Lau, 21600 Rainbow Drive, APN _
4 366-38-012, Resolution No. 09- I ~,~ll ~f E ~ 'art,
t ~ Through the improvement agreement with the City, the applicants r ~ ~
- for a building permit for asingle-family residential development will ,
be obligated to bond and construct city-specified roadside ~ {
improvements along the street frontage of their building site. ~
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