CC Resolution No. 07-012
RESOLUTION NO. 07-012
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF A RESOLUTION APPROVING AN IMPROVEMENT
AGREEMENT WITH SANJA Y RAO AND GEETHA RAO, TRUSTEES OF THE RAO
FAMILY LIVING TRUST, 22314 CUPERTINO ROAD, APN 326-50-040
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Sanjay Rao and Geetha Rao, Trustees of
the Rao Family Living Trust, for the installation of certain municipal improvements at 22314
Cupertino Road and said agreement having been approved by the City Attorney, and Developers
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 16th day of January 2007, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
Wang, Kwok, Lowenthal, Mahoney, Sandoval
None
None
None
ATTEST:
APPROVED:
. .
c~cl-rndi
Resolution No. 07-012
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: SANJA Y RAO AND GEETHA RAO, TRUSTEES OF THE RAO
F AMIL Y LIVING TRUST,
LOCATION:
22314 CUPERTINO ROAD, APN 326-50-040
A. Faithful Performance Bond:
THIRTY-ONE THOUSAND AND 00/100 DOLLARS
$ 31,000.00
B. Labor and Material Bond:
THIRTY-ONE THOUSAND AND 00/100 DOLLARS
$ 31,000.00
C. Checking and Inspection Fee: $ 2194.00
TWO THOUSAND ONE HUNDRED NINETY-FOUR AND 00/100 DOLLARS
D. Development Maintenance Deposit:
ONE THOUSAND AND 00/1 00 DOLLARS
$ 1,000.00
E. Storm Drainage Fee: Basin 2
THREE HUNDRED FORTY-ONE AND 33/100 DOLLARS
$ 341.33
F. Street Light - One- Year Power Cost:
N/A
G. Map Checking Fee:
N/A
H. Park Fee: ZONE II
N/A
I. Reimbursement Fee
N/A