CC Resolution No. 07-157
RESOLUTION NO. 07-157
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND ZHIHONG LID, A MARRIED MAN AS HIS SOLE AND SEPARATE
PROPERTY, 10651 MERRIMAN ROAD, APN 342-16-031
WHEREAS, there has been presented to the City Council a proposed improvement agreement
between the City of Cupertino and Zhihong Liu, a married man as his sole and separate property
for the installation of certain municipal improvements at 10651 Merriman 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 18th day of September 2007, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
~SENT:
ABSTAIN:
Wang, Lowenthal, Mahoney, Sandoval
None
None
None
ATTEST:
APPROVED:
~()rdi.
City Clerk
Resolution No. 07-157
Page 2
EXHIBIT "A"
SCHEDYLE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Zhihong Liu, a married man as his sole and separate property
LOCATION: 10651 Merriman Road, APN 342-16-031
A.
Faithful Performance Bond:
$ 47,078.00
FORTY SEVEN THOUSAND SEVENTY EIGHT AND 001100 DOLLARS
B.
Labor and Material Bond:
$ 47,078.00
FORTY SEVEN THOUSAND SEVENTY EIGHT AND 001100 DOLLARS
C.
Checking and Inspection Fee:
$ 2,353.90
TWO THOUSAND THREE HUNDRED FIFTY THREE AND 901100 DOLLARS
D.
Development Maintenance Deposit:
$ 1,000.00
ONE THOUSAND AND 001100 DOLLARS
E.
Storm Drainage Fee: Basin 2
$ 314.74
THREE HUNDRED FOURTEEN AND 741100 DOLLARS
F.
Street Light - One- Year Power Cost:
N/A
G.
Map Cl1ecking Fee:
N/A
H.
Park Fee: ZONE II
N/A
I.
Reimbursement Fee:
N/A