CC Resolution No. 03-014- RESOLUTION NO. 03-014
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY
AND DEVELOPERS, MICHAEL SHIM AND CHRISTINE H. HOANG, HUSBAND AND
WIFE AS COMMUNITY PROPERTY WITH RIGHT OF SURVIVORSHIP,
21672 GRANADA AVENUE, APN 357-17-030
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Michael Shim and Christine H. Hoang,
husband and wife as Community Property with Right of Survivorship, for the installation of
certain municipal improvements at 21672 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 21st day of January 2003, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Chang, James, Lowenthal, Kwok, Sandoval
None
None
None
ATTEST:
Ci~ Cl~k~~~
ROVED: th//'~ /'~
Mayor, City of Cupertino ~
Resolution No. 03-014
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Michael Shim and Christine H. Hoang, husband and wife as
Community Property with Right of Survivorship
LOCATION: 21672 Granada Avenue, APN 357-17-030
A. Faithful Performance Bond: Off-site: $ 4,310.00
On-site: $19,225.00
FOUR THOUSAND THREE HUNDRED TEN AND 00/100 DOLLARS
NINETEEN THOUSAND TWO HUNDRED TWENTY-FIVE AND 00/100 DOLLARS
B. Labor and Material Bond: Off-site: $ 4,310.00
On-site: $19,225.00
FOUR THOUSAND THREE HUNDRED TEN AND 00/100 DOLLARS
NINETEEN THOUSAND TWO HUNDRED TWENTY-FIVE AND 00/100 DOLLARS
C. Checking and Inspection Fees:
TWO THOUSAND THREE HUNDRED AND 00/100 DOLLARS
$ 2,300.00
D. Development Maintenance Deposit
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee:
TWO HUNDRED SEVENTY-SEVEN AND 78/100 DOLLARS
$ 277.78
F. One Year Power Cost:
N/A
G. Street Trees: By Developer
H. Map Checking Fee:
N/A
I. Park Fee: N/A
J. Water Main Reimbursement:
N/A
Maps and/or Improvement Plans:
As specified in
Item #21 of agreement