CC Resolution No. 98-135RESOLUTION NO. 98-135
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 Kidambi 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 1st day of June, 1998, by the following vote:
Vote
Members of the City Council
AYES: BURNETT, DEAN, JAMES, STATTON,
NOES: NONE
ABSENT: NONE
ABSTAIN: ~0NE
CHANG
ATTEST:
City Clerk
Resolution No. 98-135
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single-Family Home
Krishna Kidambi and Jyothirmayi Kidambi
LOCATION: 21844 Hermosa Avenue, APN 357-18-053
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 00/100 DOLLARS
G.
H.
I.
J.
K.
L.
Storm Drainage Fee: Basin #3
One Year Power Cost:
Street Trees:
Map Checking Fee:
Park Fee:
Water Main Reimbu?sement:
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