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CC Resolution No. 03-159RESOLUTION NO. 03-159 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS LYNN M. CHING 22781 STEVENS CREEK BOULEVARD, APN 342-12-037 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Lynn M. Ching, for the installation of certain municipal improvements at 22781 Stevens Creek Boulevard and said agreement having been approved by the City Attomey, 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 2na day of September, 2003, by the following vote: Vote Members of the City Council AYE S: NOES: ABSENT: ABSTAIN: Chang, James, Kwok, Sandoval, Lowenthal None None None ATTEST: City Clerk PRO~ED: Mayor, C~ty of Cupertino _~ Resolution No.03-159 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Lyrm M. Ching LOCATION: 22781 Stevens Creek Boulevard A. Faithful Performance Bond: Off-Site: $12, 253.00 TWELVE THOUSAND TWO HUNDRED FIFTY THREE AND 00/100 DOLLARS B. Labor and Material Bond: Off-Site: $12, 253.00 TWELVE THOUSAND TWO HUNDRED FIFTY THREE AND 00/100 DOLLARS C. Checking and Inspection Fees: $1,840 ONE THOUSAND EIGHT HUNDRED FORTY AND 00/100 DOLLARS D. Development Maintenance Deposit: $1,000 ONE THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: Basin 2 $ 210.82 NINE HUNDRED SEVENTY SEVEN AND 27/100 DOLLARS F. One Year Power Cost: N/A 110-4537 G. Street Trees: N/A H. Map Checking Fee: N/A 110-4539 I. Park Fee: ZONE I N/A ACCT #: 280-4082 Water Main Reimbursement: 110-4554 Maps and/or Improvement Plans: As Specified in Item #20 N/A BY DEVELOPER