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CC Resolution No. 99-292RESOLUTION NO. 99-292 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER KELVIN KANG AND MARTHA KANG, TRUSTEES OF THE KANG REVOCABLE TRUST DATED SEPTEMBER 15, 1994; 10334 MIRA VISTA ROAD, APN 357-02-021 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Kelvin Kang and Martha Kang, Trustees of the Kang Revocable Trust Dated September 15, 1994, for the installation of certain municipal improvements at 10334 Mira Vista Road 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 author/zed 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 October, 1999, by the following vote: Vote Members of the City Council AYES: Burnett, Chang, Dean, James, Statton NOES: None ABSENT: None ABSTAIN: None ATTEST: -- Resolution No. 99-292 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: LOCATION: Single-Family Homes Kelvin Kang and Martha Kang, Trustees of the Kang Revocable Trust Dated September 15, 1994 10334 Mira Vista Road A. Faithful Performance Bond: Off-site: On-site: SEVEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS B. Labor and Material Bond: SEVEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 7,000.00 $ 2,500.00 $ 7,000.00 $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 TWO HUNDRED EIGHTY-ONE AND 00/100 DOLLARS G. One Year Power Cost: SEVENTY-FIVE AND 00/100 DOLLARS I. J. K. L. Street Trees: Map Checking Fee: Park Fee: Water Main Reimbursement: Maps and/or Improvement Plans: N/A $1,000.00 $ 281.00 $ 75.00 By Developer N/A N/A N/A As specified in Item #23 of agreement