CC Resolution No. 94350
RESOLUTION NO. 9435
0
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER YESHWANT MEHTA, NORTHWEST CORNER
OF ORANGE AND DOLORES AVENUES
WHEREAS, there has been presented to the City Council a proposed
improvement agreement between the City of Cupertino and developer Yeshwant Mehta
for the installation of certain municipal improvements at the northwest comer of Orange
and Dolores Avenues, and said agreement having been approved by the City Attorney,
and Developer 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 18th day of September , 1995, by the following vote:
W7M
AYES: Bautista, Burnett, Koppel, Dean
NOES: None
ABSENT: Sorensen
ABSTAIN: None
ATTEST: APPROVED:
City Clerk Ma or, City of pertrno
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Single - Family Residences
Yeshwant Mehta
LOCATION: Northwest Comer of Orange and Dolores Avenues
A. Faithful Performance Bond: $38,500.00•
THIRTY -EIGHT THOUSAND FIVE HUNDRED & 00 /100 DOLLARS
B. Labor and Material Bond: $38,500.00*
THIRTY -EIGHT THOUSAND FIVE HUNDRED & 00/100 DOLLARS
C. Checking and Inspection Fee: $ 1,465.00
ONE THOUSAND FOUR HUNDRED SIXTY -FIVE & 00 /100 DOLLARS
D. Indirect City Expenses: N/A
E. Development Maintenance Deposit: 5 500.00
FIVE HUNDRED & 00 /100 DOLLARS
F. Storm Drainage Fee: $ 360.00
THREE HUNDRED SIXTY & 00 /100 DOLLARS
G. One Year Power Cost: 36.00
THIRTY -SIX & 00 /100 DOLLARS
H. Street Trees: By Developer
I. Map Checking Fee: N/A
J. Park Fee: Zone II N/A
Acct #480416-022
K. Water Main Reimbursement Fee: $1,469.70
ONE THOUSAND FOUR HUNDRED SIXTY -FIVE & 70/100 DOLLARS
L. Maps and/or Improvement Plans As specified in
Item #23 of Agreement
* ADD 55,000 FOR STREET IMPROVEMENT PLANS COMPLETION