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CC Resolution No. 99-218RESOLUTION NO. 99-218 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZiNG EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER ZANKICH CONSTRUCTION, INC., A CALIFORNIA CORPORATION; 10181 FOREST AVENUE, APN 316-33-131 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Zankich Construction, Inc., a California Corporation, for the installation of certain municipal improvements at 10181 Forest Avenue 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 19th day of July, 1999, by the following vote: Vote Members of the City Council AYES: Burnett, Chang, James, Statton, Dean NOES: None ABSENT: None ABSTAIN: None ATTEST: M~yor, City o~ Cupertino Resolution No. 99-218 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Multi-Family Homes Zankich Construction, Inc., a California Corporation LOCATION: 10181 Forest Avenue A. Faithful Performance Bond: $13,750.00 THIRTEEN THOUSAND SEVEN HLrNDRED FIFTY AND 00/100 DOLLARS B. Labor and Material Bond: $13,750.00 THIRTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 1,975.00 ONE THOUSAND NINE HUNDRED SEVENTY-FIVE AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS F. Storm Drainage Fee: Basin #2 THREE HUNDRED SIXTY-FIVE AND 00/100 DOLLARS H. J. K. L. One Year Power Cost: Street Trees: Map Checking Fee: Park Fee: Water Main Reimbursement: Maps and/or Improvement Plans: N/A $ 1,000.00 $ 365.00 N/A By Developer N/A N/A N/A As specified in Item #23 of agreement