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: ~
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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