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CC Resolution No. 03-136__ RESOLUTION NO. 03-136 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS CHIPING YANG AND BEE CHOO YANG 10660 SANTA LUCIA ROAD, APN 342-16-034 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Chiping Yang and Bee Choo Yang, for the installation of certain municipal improvements at 10660 Santa Lucia Road 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 7th day of July 2003, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: Chang, James, Kwok, Sandoval, Lowenthal None None None ATTEST: City Clerk ~ -- Resolutlon No. 03-136 EXHIBIT "A' SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Chiping Yang and Bee Choo Yang LOCATION: 10660 Santa Lucia Road A. Faithful Performance Bond: $ 21,755.00 TWENTY ONE THOUSAND SEVEN HUNDRED AND FIFTY FIVE AND 00/100 DOLLARS B. Labor and Material Bond: $ 21,755.00 TWENTY ONE THOUSAND SEVEN HUNDRED AND FIFTY FIVE AND 00/100 DOLLARS C. Checking and Inspection Fees: $1,840 ONE THOUSAND EIGHT HUNDRED FORTY AND 00/100 DOLLARS D. Indirect City Expenses: N/A E. Development Maintenance Deposit: $1,000 ONE THOUSAND AND 00/100 DOLLARS F. Storm Drainage Fee: Basin 2 $ 286.67 TWO HUNDRED EIGHTY SIX AND 67/100 DOLLARS G. One Year Power Cost: N/A 110-4537 H. Street Trees: N/A I. Map Checking Fee: N/A 110-4539 J. Park Fee: ZONE II N/A ACCT #: 280-4082 K. Water Main Reimbursement: N/A 110-4554 Maps and/or Improvement Plans: As Specified in Item #20 Page BY DEVELOPER