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CC Resolution No. 99-294RESOLUTION NO. 99-294 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER LIE K. TAN AND YUET M. HING; 10472 JOHNSON AVENUE, APN 375-26-023 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Lie K. Tan and Yuet M. Hing, for the installation of certain municipal improvements at 10472 Johnson 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 18* day of October, 1999, by the following vote: Vote Members of the City Council AYES: Burnett, Chang, Dean, James, Statton NOES: None AB SENT: None ABSTAIN: None ATTEST: City Clerk Mayor, City o~Ji~upertino - Resolution No. 99-294 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: LOCATION: Single-Family Home Lie K. Tan and Yuet M. Hing 10472 Johnson Avenue A. Faithful Performance Bond: Off-site: TWENTY THOUSAND TWO HUNDRED AND 00/100 DOLLARS B. Labor and Material Bond: TWENTY THOUSAND TWO HUNDRED AND 00/! 00 DOLLARS C. Checking and Inspection Fees: ONE THOUSAND TEN AND 00/100 DOLLARS D. Indirect City Expenses: E. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS F. Storm Drainage Fee: Basin//3 ONE HUNDRED SIXTY-SEVEN 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: $ 20,200.00 $ 20,200.00 $ 1,010.00 N/A $ 1,000.00 $ 167.00 $ 75.00 By Developer N/A N/A N/A As specified in Item #23 of agreement