CC Resolution No. 99-028 RESOLUTION NO. 99-028
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER MAXIMO J. PEREZ AND
BEATRICE M. pEREZ; 21221 RAINBOW DRIVE, APN 362-10-006
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, Maximo J. perez and Beatrice M.
Perez, for the installation of certain municipal improvements at 21221 Rainbow Drive and said
agreement having been approved by the City Attorney, and Developer 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 19~' day of January, 1999, by the following vote:
Vot~e
AYES:
NOES:
ABSENT:
ABSTAIN:
Members o__f thee ~ Council
BUP~IETT, cHANG, JAMES, STATTON, DEAN
NONE
NONE
NONE
ATTEST:
~y~ Cupertino
Resolution No. 99-028
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single Family Homes
Maximo J. Perez and Beatrice M. Perez
LOCATION: 21221 Rainbow Drive
A. Faithful Performance Bond: Off-site: $ 38,000.00
On-site: $ 8,000.00
THIRTY-EIGHT THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond: $ 38,000.00
THIRTY-EIGHT THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 2,300.00
TWO THOUSAND THREE HUNDRED AND 00/100 DOLLARS
D. Indirect City Expenses: N/A
E. Development Maintenance Deposit: $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin #3 $ 444.00
FOUR HUNDRED FORTY-FOUR AND 00/100 DOLLARS
G. One Year Power Cost: $ 75.00
H. Street Trees: By Developer
I. Map Checking Fee: $ 419.00
FOUR HUNDRED NINETEEN AND 00/100 DOLLARS
J. Park Fee: $ 15,750.00
FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/I00 DOLLARS
K. Water Main Reimbursement: N/A
L. Maps and/or Improvement Plans: As specified in
Item #23 of agreement