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CC Resolution No. 98-260RESOLUTION NO. 98-260 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER KEVIN C. H. AND LYNN M. CHING, 22450 SANTA PAULA AVENUE, APN 357-05-023 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Kevin C. H. and Lynn M. Ching, for the installation of certain municipal improvements at 22450 Santa Paula 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 19~ day of October, 1998, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: BURNETT, DEAN, JAMES, STATTON, CHANG NONE NONE NONE ATTEST: City~ Mayor, City of Cupertino - Resolution No. 98-260 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Single Family Home Kevin C. H. and Lynn M. Ching LOCATION: 22450 Santa Paula Avenue A. Faithful Performance Bond: Off-site: $26,654.00 On-site: $ 8,800.00 TWENTY-SIX THOUSAND SIX HUNDRED FIFTY-FOUR AND 00/100 DOLLARS B. Labor and Material Bond: $26,654.00 TWENTY-SIX THOUSAND SIX HUNDRED FIFTY-FOUR AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 1,975.00 ONE THOUSAND NINE HUNDRED SEVENTY-FIVE AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS F. Storm Drainage Fee: Basin #3 FIVE HUNDRED NINETY-THREE AND 00/100 DOLLARS G. One Year Power Cost: SEVENTY-FIVE AND 00/100 DOLLARS I. J. K. L. Street Trees: Map Checking Fee: Park Fee: Water Main Reimbursement: Maps and/or Improvement Plans: N/A $ 1,000.00 $ 593.00 $ 75.00 By Developer N/A N/A N/A As specified in Item #23 of agreement