CC Resolution No. 07-119
RESOLUTION NO. 07-119
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE
CITY AND DEVELOPER SRIDHAR OBILISETTY AND JA V ANTHI SRIDHAR, HUSBAND
AND WIFE AS JOINT TENANTS, 10171 LEBANON DRIVE, APN 342-14-008
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Sridhar Obilisetty And Javanthi Sridhar,
husband and wife as joint tenants, for the installation of certain municipal improvements at
10171 Lebanon Drive, 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 3rd day of July, 2007, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
. ABSENT:
ABSTAIN :
Wang, Kwok, Lowenthal, Mahoney, Sandoval
None
None
None
ATTEST:
~~
City Clerk
APPROVED:
Resolution No. 07-119
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Sridhar Obilisetty And Javanthi Sridhar
LOCATION: 10171 LEBANON DRIVE, APN 342-14-008
A.
B.
C.
Faithful Performance Bond:
SEVEN THOUSAND FOUR HUNDRED THIRTY AND 50/100 DOLLARS
Labor and Material Bond:
SEVEN THOUSAND FOUR HUNDRED THIRTY AND 50/100 DOLLARS
Checking and Inspection Fee:
ONE THOUSAND ONE HUNDRED THIRTY AND 00/100 DOLLARS
D.
Development Maintenance Deposit:
ONE THOUSAND AND 00/1 00 DOLLARS
E.
Storm Drainage Fee: Basin 2
THREE HUNDRED TWENTY NINE AND 21/100 DOLLARS
F.
Street Light - One- Year Power Cost:
G.
Map Checking Fee:
H.
Park Fee: ZONE II
I.
Reimbursement Fee:
$ 7,430.50
$ 7,430.50
$ 1,130.00
$ 1,000.00
$ 329.21
N/A
N/A
N/A
N/A