CC Resolution No. 00-027RESOLUTION NO. 00-027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER DAREN SHU;
20760/20762 LOMITA AVENUE, APN 357- ! 8-00 !
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Daren Shu, for the installation of certain
municipal improvements at 20760/20762 Lomita 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 18th day of January, 2000, by the following vote:
Vote
Members of the City Council
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
Burnett, Chang, James, Lowenthal, Statton
ATTEST:
City Clerk
,~'l~ayor, City of Cupertino
- Resolution No. 00-027
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single Family Homes
Daren Shu
LOCATION:
20760/20762 Lomita Avenue
A. Faithful Performance Bond:
FIFTY THOUSAND AND 00/100 DOLLARS
Off-site: $ 50,000.00
B. Labor and Material Bond:
FIFTY THOUSAND AND 00/100 DOLLARS
$ 50,000.00
C. Checking and Inspection Fees:
TWO THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
$ 2,500.00
D. Indirect City Expenses:
N/A
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
F. Storm Drainage Fee:
THREE HUNDRED EIGHTY-FOUR AND 00/100 DOLLARS
$ 384.00
G. One Year Power Cost:
ONE HUNDRED FIFTYAND 00/100 DOLLARS
$ 150.00
H. Street Trees: By Developer
I. Map Checking Fee:
N/A
J. Park Fee: $ 31,500.00
THIRTY-ONE THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
K. Water Main Reimbursement: $ 2,812.50
TWO THOUSAND EIGHT HUNDRED TWELVE AND 50/100 DOLLARS
Maps and/or Improvement Plans: As specified in
Item #23 of agreement