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08. Impr. agrmt. Granada AveRESOLUTION NO.08-032 ~~~~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION- OF AN IMPROVEMENT AGREEMENT WITH HAMID GHAZVINI AND ZIBA MANOUCHEHRIZADEH, HUSBAND AND WIFE AS JOINT TENANTS, 21761 GRANADA AVENUE, APN 357-17-055 AND 357-17-056 WHEREAS, there has been presented to the City Council a proposed improvement agreement between. the City of Cupertino and developer, Hamid Ghazvini and Ziba Manouchehrizadeh, husband and wife as joint tenants, for the installation of certain municipal improvements, at 21761 Granada Avenue, and said agreement having been approved by the City Attorney, and Developers 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 March 2008, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk APPROVED: Mayor, City of Cupertino s-~ Resolution No. 08-032 Page 2 EXHIBIT' "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: HAMID GHAZVINI AND ZIBA MANOUCHEHRIZADEH, HUSBAND AND WIFE AS JOINT TENANTS LOCATION: 21761 GRANADA AVENUE, APN 357-17-055 AND 357-17-056 A. Faithful Performance Bond: $ 41,595.00 FORTY-ONE THOUSAND FIVE HUNDRED NINETY-FIVE AND 00/100 DOLLARS B. Labor and Material Bond: $ 41,595.00 FORTY-ONE THOUSAND FIVE HUNDRED NINETY-FIVE AND 00/100 DOLLARS C. Checking and Inspection Fee: $ 3,717.00 THREE THOUSAND SEVEN HUNDRED SEVENTEEN AND.00/100 DOLLARS D. Development Maintenance Deposit: $ 1,000.00 ONE THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: Basin 2 ~ $ 222.11 TWO HUNDRED TWENTY-TWO AND 11/100 DOLLARS F. Street Light -One-Year Power Cost: N/A G. Map Checking Fee: N/A H. Park Fee: ZONE II $ 31,500.00 THIRTY-ONE THOUSAND FIVE HUNDRED AND 00/100 DOLLARS I. Reimbursement Fee N/A 8-z