CC Resolution No. 04-395
RESOLUTION NO. 04-395
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, JAE-HAK KO AND
HYE-RYEONG KIM, HUSBAND AND WIFE AS JOINT
TENANTS, 10040 CARMEN ROAD, APN 326-50-055
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, Jae-Hak Ko and Hye-Ryeong Kim,
Husband and Wife As Joint Tenants, for the installation of certain municipal improvements at
10040 Carmen 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 7"' day of September 2004, by the following vote:
Vote
Members Qfthe Q!y Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Kwok, Lowenthal, Sandoval
None
James, Wang
None
ATTEST:
APPROVED:
V ¡Wi, tf¿,atin,
G~;S~'Jf-
~K(ity Clerk
Resolution No. 04-395
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
Jae-Hak Ko and Hye-Ryeong Kim
LOCATION:
10040 Carmen Road
APN 326-50-055
A. Faithful Performance Bond: $ 3,718.00
THREE THOUSAND SEVEN HUNDRED EIGHTEEN AND 00/100 DOLLARS
B. Labor and Material Bond: $ 3,718.00
THREE THOUSAND SEVEN HUNDRED EIGHTEEN AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 2,385.00
TWO THOUSAND THREE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS
D. Development Maintenance Deposit
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee:
THREE HUNDRED FORTY AND 56/100 DOLLARS
$ 340.56
F.
One Year Power Cost:
N/A
G.
Street Trees:
By Developer
H.
Map Checking Fee:
N/A
I.
Park Fee:
N/A
J.
Water Main Reimbursement:
N/A
K.
Maps and/or Improvement Plans:
As specified in
Item #21 of agreement