05. Improvement Agreement
DRAFT
RESOLUTION NO. 06-126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF A RESOLUTION APPROVING AN IMPROVEMENT
AGREEMENT WITH RA VI S. RAO AND DURGAMANI V. BANDI, HUSBAND AND WIFE
AS JOINT TENANTS, 10255 LOCKWOOD DRIVE, APN 342-14-016
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Ravi S. Rao And Durgamani V. Bandi,
husband and wife as joint tenants, for the installation of certain municipal improvements at
10255 Lockwood Drive 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 5th day of July 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. 06-126
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Ravi S. Rao And Durgamani V. Bandi, husband and wife as joint tenants
LOCATION: 10255 Lockwood Drive, APN 342-14-016
A. Faithful Performance Bond:
FIFTEEN THOUSAND FIFTY AND 00/1 00 DOLLARS
$ 15,050.00
B. Labor and Material Bond:
FIFTEEN THOUSAND FIFTY AND 00/100 DOLLARS
$ 15,050.00
C. Checking and Inspection Fee:
TWO THOUSAND ONE HUNDRED THIRTY AND 00/100 DOLLARS
$ 2,130.00
D. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee: Basin 2
THREE HUNDRED THREE AND 56/100
$ 303.56
F. Street Light - One-Year Power Cost:
N/A
G. Street Trees
By Developer
H. Map Checking Fee:
N/A
I. Park Fee: ZONE II
N/A
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