CC Resolution No. 98-266RESOLUTION NO. 98~266
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER JEFF YANG AND MEI PING WANG,
21896 GRANADA AVENUE, APN 357-16-023
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Jeff Yang and Mei Ping Wang, for the
installation of certain municipal improvements at 21896 Granada 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
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
BURNETT, DEAN, JAMES, STATTON, CHANG
NONE
NONE
NONE
ATTEST:
t~I~PRO~VED:
Mayor, City of Cupertino ~
-- Resolution No. 98-266
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single Family Homes
Jeff Yang and Mei Ping Wang
LOCATION:
21896 Granada Avenue
A. Faithful Performance Bond: Off-site: $24,500.00
On-site: $ 7,000.00
TWENTY-FOUR THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
B. Labor and Material Bond: $24,500.00
TWENTY-FOUR THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 1,974.00
ONE THOUSAND NiNE HUNDRED SEVENTY-FOUR AND 00/100 DOLLARS
Indirect City Expenses:
N/A
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
F. Storm Drainage Fee: Basin #3
ONE HUNDRED NiNETY-FOUR AND 00/100 DOLLARS
$ 194.00
G. One Year Power Cost:
SEVENTY-FIVE AND 00/100 DOLLARS
$ 75.00
H. Street Trees: By Developer
I. Map Checking Fee:
N/A
J. Park Fee: N/A
K. Water Main Reimbursemem:
N/A
Maps and/or Improvement Plans:
As specified in
Item #23 of agreement