CC Resolution No. 02-016RESOLUTION NO. 02-016
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTiNO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, YOUNG CHANG KIM AND
IN SUK KIM, 22714 ALCALDE ROAD, APNS 342-44-004, 342-44-028
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Young Chang Kim and In Suk Klm, for
the installation of certain municipal improvements at 22714 Alcalde 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 22"a day of January 2002, by the following vote:
Vote
Members of the City Council
AYE S:
NOES:
ABSENT:
ABSTAIN:
Lowenthal, Chang, James, Kwok, Sandoval
None
None
None
ATTEST:
Resolution No. 02-016
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Young Chang Kim and In Suk Kim
LOCATION:
22714 Alcalde Road, APNS 342-44-004, 342-44-028
A. Faithful Performance Bond: Off-site: $ 8,000.00
On-site: $ 24,300.00
EIGHT THOUSAND AND 00/100 DOLLARS
TWENTY-FOUR THOUSAND THREE HUNDRED AND 00/100 DOLLARS
B. Labor and Material Bond: Off-site: $ 8,000.00
On-site: $ 24,300.00
EIGHT THOUSAND AND 00/100 DOLLARS
TWENTY-FOUR THOUSAND THREE HUNDRED 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:
N/A
E. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
F. Storm Drainage Fee:
SIX HUNDRED NiNETY-FIVE AND 60/100 DOLLARS
$ 695.60
G. One Year Power Cost:
N/A
H. Street Trees: By Developer
I. Map Checking Fee:
N/A
J. Park Fee: N/A
K. Water Main Reimbursement:
N/A
Maps and/or Lmprovement Plans:
L. As specified in
P-- Item #23 of agreement