16. Imp. Agrmnt. 10121 Pasadena AveDRAFT
RESOLUTION N0...0.8-059
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER LILY CHANG, INC., A CALIFORNIA
CORPORATION, 10121 PASADENA AVENUE, APN 357-14-015
WHEREAS, there has been presented: to the: City Council a proposed improvement
agreement between the City of Cupertino and=` d'evelope'r; Lily Chang, Inc., A California
Corporation, 10121 Pasadena Avenue, APN 357-14-015, 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 Ciry of
Cupertino this 6th day of May 2008, by the following vote:
Vote Members of the C~ Council'
AYES:
NOES:
ABSENT:
ABSTAIN: "
ATTEST: "
City Clerk
APPROVED:
Mayor, City of Cupertino
16-1
Resolution No. 08-059 ~ ..
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EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: LILY CHANG, INC., A CALIFORNIA CORPORATION
LOCATION: 10121 PASADENA AVENUE, APN 357-14-015
A. Faithful Performance Bond: $ 18,567.79
EIGHTEEN THOUSAND FIVE HUNDRED~SI;X"~'Y-SEVEN AND 79/100 DOLLARS
B. Labor and Material Bond: $ 18,567.79
EIGHTEEN THOUSAND FIVE HUNDRED SIXTY-SEVEN AND 79/100 DOLLARS
C. Checking and Inspection Fee: $ 2,163.00
TWO. THOUSAND ONE-HUNDRED SIXTY-THREE AND 00/100 DOLLARS
D. Development Maintenance Deposit: $ 2,000.00
TWO THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: Basin 2 $ 288.74
TWO HUNDRED EIGHTY-EIGHT AND 74/100 DOLLARS
F. Street Light -One-Year Power Cost: N/A
G. Map Checking Fee: $ 2515.00
TWO THOUSAND FIVE-HUNDRED FIFTEEN AND 00/100 DOLLARS
H. Park Fee: ZONE II ~ $15,750.00
FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 .DOLLARS
I. Reimbursement Fee
N/A
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