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CC Resolution No. 04-396 RESOLUTION NO. 04-396 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER, PHILIP CHEN, A MARRIED MAN, AS HIS SOLE AND SEPARATE PROPERTY, 22260 CUPERTINO ROAD, APN 326-50-031 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Philip Chen, a Married Man, As His Sole and Separate Property, for the installation of certain municipal improvements at 22260 Cupertino 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 adjourned meeting of the City Council of the City of Cupertino this 7th 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: ~k Vice-Mayor, City of Cupertino GrA vÆVnA Jj- ~~ City Clerk Resolution No. 04-396 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Philip Chen LOCATION: 22260 Cupertino Road APN 326-50-031 A. Faithful Performance Bond: TWENTY THOUSAND FIFTY-EIGHT AND 00/100 DOLLARS $ 20,058.00 B. Labor and Material Bond: TWENTY THOUSAND FIFTY-EIGHT AND 00/100 DOLLARS $ 20,058.00 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 1. Park Fee: N/A J. Water Main Reimbursement: N/A K. Maps and/or Improvement Plans: As specified in Item #21 of agreement