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CC Resolution No. 07-141 RESOLUTION NO. 07-141 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER MING XIE AND XIAOLI CHEN, HUSBAND AND WIFE AS JOINT TENANTS, 10170 LEBANON DRIVE, APN 342-14-018 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Ming Xie and Xiaoli Chen, husband and wife as joint tenants, for the installation of certain municipal improvements at 10170 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 21 st day of August 2007, by the following vote: Vote Members of the City Council Wang, Sandoval, Lowenthal, Mahoney None None None AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: . ~ c~ Resolution No. 07-141 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Ming Xie and Xiaoli Chen LOCATION: 10170 LEBANON DRIVE, APN 342-14-018 A. Faithful Performance Bond: $ 19,838.67 NINETEEN THOUSAND EIGHT HUNDRED THIRTY EIGHT AND 00/1 00 DOLLARS B. Labor and Material Bond: $ 19,838.67 NINETEEN THOUSAND EIGHT HUNDRED THIRTY EIGHT AND 00/100 DOLLARS c. Checking and Inspection Fee: $ 1,194.00 ONE THOUSAND ONE HUNDRED NINETY FOUR AND 00/100 DOLLARS D. Development Maintenance Deposit: $ 1,000.00 ONE THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: Basin 2 $ 295.02 TWO HUNDRED NINETY FIVE AND 02/100 DOLLARS F. Street Light - One- Year Power Cost: $ 75.00 SEVENTY FIVE AND 00/100 DOLLARS G. Map Checking Fee: N/A H. Park Fee: ZONE II N/A I. Reimbursement Fee: N/A