CC Resolution No. 01-068RESOLUTION NO. o~-o~8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS TAI-TSONG WANG AND PAU-LING SOPHIA
YEN, CO-TRUSTEES OF THE WANG FAMILY TRUST DATED MAY 2, 1995;
21909 SAN FERNANDO AVENUE, APN 357-15-047 & 357-15-048
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, Tai-Tsong Wang and Pau-Ling Sophia
Yen, co-trustees of the Wang Family Trust dated May 2, 1995, for the installation of certain
municipal improvements at 21909 San Feruando 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 19~ day of March, 2001, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
Chang, Lowenthal, James
None
Burnett
None
ATTEST:
APPROVED:
~/Iayor, City C p~1
Resolution No.
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Tai-Tsong Wang and Pau-Ling Sophia Yen, co-trustees of the
Wang Family Trust dated May 2, 1995
LOCATION: 21909 San Femando Avenue
A. Faithful Performance Bond:
THIRTY THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond:
THIRTY THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees:
TWO THOUSAND TWO HUNDRED AND FIFTY 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin 2
FIVE HUNDRED EIGHTY NINE AND 00/100 DOLLARS
G. One Year Power Cost:
SEVENTY FIVE AND 00/100 DOLLARS
Street Trees:
Map Checking Fee:
Park Fee: ZONE I
Water Main Reimbursement:
Maps and/or Improvement Plans:
I.
J.
K.
L.
Off-site: $ 30,000.00
On-site: $15,000.00
Off-site: $ 30,000.00
On-site: $15,000.00
$ 2,250.00
N/A
$ 1,000.00
$ 589.00
$ 75.00
By Developers
N/A
N/A
N/A
As specified in
Item//23 of agreement