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CC Resolution No. 98-092RESOLUTION NO. 98-092 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER KRISHNA KIDAMBI AND JYOTHIRMAYI KIDAMBI; 21844 HERMOSA AVENUE, APN 357-18-053 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Krishna Kidarnbi and Jyothirmayi Kidambi, for the installation of certain municipal improvements at 21844 Hermosa 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 20th day of April, 1998, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: BURNETT, DEAN, JAMES, STATTON, CHANG NONE NONE NONE ._tED: ~ ~c f~C)pertin~o Resolution No. 98-092 P~g¢ 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Krishna Kidambi and Jyothirmayi Kidambi Single Family Homes LOCATION: 21844 Hermosa Avenue A. Faithful Performance Bond: TEN THOUSAND AND 00/100 DOLLARS B. Labor and Material Bond: TEN THOUSAND AND 00/100 DOLLARS C. Checking and Inspection Fees: FOUR HUNDRED SIXTY AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: FIVE HUNDRED AND 00/I00 DOLLARS F. Storm Drainage Fee: G. One Year Power Cost: H. Street Trees: I. Map Checking Fee: J. Park Fee: K. Water Main Reimbursement: L. Maps and/or Improvement Plans: $10,000.00 $10,000.00 $ 460.00 N/A $ 500.00 DEFERRED N/A By Developer N/A N/A DEFERRED As specified in Item #23 of agreement