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CC Resolution No. 98-262RESOLUTION NO. 98-262 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER PHILIPPE AND ANNE DOR, STEVENS CANYON ROAD AND BALBOA ROAD, APN 342-18-032, 033,034 AND 035 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Philippe and Anne Dot, for the installation of certain municipal improvements at Stevens Canyon Road and Balboa Road 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 194 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: Ci Mayor, City of Cupertino Resolution No. 9g-262 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Single Family Home Philippe and Anne Dor LOCATION: Stevens Canyon Road and Balboa Road A. Faithful Performance Bond: Stevens Canyon Road: $111,000.00 Balboa Road: $188,000.00 On-site Grading (driveway): $117,500.00 ONE HUNDRED ELEVEN THOUSAND AND 00/100 DOLLARS ONE HUNDRED EIGHTY-EIGHT THOUSAND AND 00/100 DOLLARS ONE HUNDRED SEVENTEEN THOUSAND FIVE HUNDRED AND 00/100 DOLLARS B. Labor and Material Bond: Stevens Canyon Road: $111,000.00 Balboa Road: $188,000.00 ONE HUNDRED ELEVEN THOUSAND AND 00/100 DOLLARS ONE HUNDRED EIGHTY-EIGHT THOUSAND AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 20,825.00 TWENTY THOUSAND EIGHT HUNDRED TWENTY-FIVE AND 00/100 DOLLARS D. Indirect City Expenses: N/A E. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 F. Storm Drainage Fee: Basin #2 N/A G. One Year Power Cost: SEVENTY-FIVE AND 00/100 DOLLARS $ 75.00 H. Street Trees: By Developer I. Map Checking Fee: FOUR HUNDRED ELEVEN AND 00/100 DOLLARS $ 411.00 J. Park Fee: $15,750.00 FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS K. Water Main Reimbursement: N/A Maps and/or Improvement Plans: As specified in Item #23 of agreement *Developer to install an 18" RCP main storm drain line along Stevens Canyon Road.