CC Resolution No. 07-043
RESOLUTION NO. 07-043
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER KELLY GORDON DEVELOPMENT
CORPORATION, A CALIFORNIA CORPORATION, 10114 CRESCENT COURT,
APN (s) 327-17-009 AND 327-17-030
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Kelly Gordon Development
Corporation, a California Corporation, for the installation of certain municipal improvements at
10114 Crescent Court 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 20th day of March 2007, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Wang, Kwok, Lowenthal, Mahoney, Sandoval
None
None
None
ATTEST:
. 2rd
City~'
APPROVED:
Resolution No. 07-044
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Kelly Gordon Development Corporation, a California Corporation
LOCATION: 10114 Crescent Court, APN (s) 327-17-009 and 327-17-030
A. Faithful Performance Bond: $ 82,132.27
EIGHTY-TWO THOUSAND ONE HUNDRED THIRTY-TWO AND 27/100 DOLLARS
B. Labor and Material Bond: $ 82,132.27
EIGHTY-TWO THOUSAND ONE HUNDRED THIRTY-TWO AND 27/100 DOLLARS
C. Checking and Inspection Fees: $ 3,106.36
THREE THOUSAND ONE HUNDRED SIX AND 36/1 00 DOLLARS
D. Development Maintenance Deposit: $ 1,000.00
ONE THOUSAND AND 00/1 00 DOLLARS
E. Storm Drainage Fee: Basin 2 $ 3,096.00
THREE THOUSAND NINETY-SIX AND 00/100
F.
Street Light - One- Year Power Cost:
N/A
G. Map Checking Fee:
SIX THOUSAND SEVEN HUNDRED FIFTY AND 00/1 00
$ 6,750.00
H. Park Fee: ZONE II
SIXTY-THREE THOUSAND AND 00/100
$ 63,000.00
I.
Reimbursement Fee:
N/A