CC Resolution No. 00-273RESOLUTION NO. 00-273
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS NAGARAJ AND PRATHIMA MURTHY,
21740 VAI AVENUE APN 352-05-023
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, Nagaraj and Prathima Murthy, for the
installation of certain municipal improvements at 21740 Vai 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 64 day of November, 2000, by the following vote:
Vote
Members of the City Council
AYE S:
NOES:
ABSENT:
ABSTAIN:
Burnett, Chang, James, Lowenthal, Statton
None
None
None
ATTEST: ,
Ci~ Cl~k~~
Mayor, City of Cupertino
Resolution No. 00-273
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: 21740 Vai Avenue
Nagaraj and Prathima Murthy
LOCATION: 21740 Vai Avenue
A. Faithful Performance Bond: $16,000.00
SIXTEEN THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond: $16,000.00
SIXTEEN THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 1,975.00
ONE THOUSAND NINE HUNDRED SEVENTY FIVE AND 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee:
FOUR HUNDRED FORTY TWO AND 00/100 DOLLARS
G. One Year Power Cost:
SEVENTY-FIVE AND 00/100 DOLLARS
N/A
$ 1,000.00
$ 442.00
$ 75.00
H. Street Trees: By Developer
I. Map Checking Fee: N/A
J. Park Fee: Zone I N/A
K. Water Main Reimbursement: N/A
L. Maps and/or Improvement Plans: As specified in
Item #23 of agreement