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14. Improvement Agreement 21900 Alcazar AvenueRESOLUTION NO.10-130 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS, STEPHEN FUNG, JIMMY TSE-MIN FUNG AND LILING WANG, 21900 ALCAZAR AVENUE, APN 357-14-034 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Stephen Fung, Jimmy Tse-Min Fung and Liling Wang, for the installation of certain municipal improvements at 21900 Alcazar Avenue, and said agreement having been appr )ved by the City Attorney, and Developers having paid the fees as outlined in the attached Exhibi-: 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 20th day of July, 2010, by the fc llowing vote: Vote Members of the gly Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk :":• b Mayor, City of Cupertino 14-1 Resolution No. 10-130 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPER: Stephen Fung, Jimmy Tse-Min Fung and Liling Wang LOCATION: 21900 Alcazar Avenue, APN 357-14-034 PART A Faithful Performance Bond: $ 10,626.00 1102211 PART B Labor and Material Bond: $ 10,626.00 1102211 PART C. Checking and Inspection Fee: $ 2,468.00 1104538 PART D. Development Maintenance Deposit: $ 1,000.00 1102211 PART E. Storm Drainage Fee — Basin 3: $ 254.50 2154073 PART F. Street Light - One -Year Power Cost: N/A 1104537 PART G. Map Checking Fee: N/A 1104539 PART H. Park Fee - ZONE III: N/A 2804083 PART I. Reimbursement Fee: N/A 14-2