09a. Yen agreement
DRAFT
RESOLUTION NO. 07-062
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY
AND DEVELOPER JOSEPH JEN-KUN YEN, A MARRIED MAN AS HIS SOLE AND
SEPARATE PROPERTY, 21872 HERMOSA AVENUE, APN 357-16-051
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Joseph Jen-Kun Yen, a married man as
his sole and separate property, for the installation of certain municipal improvements at 21872
Hermosa A venue 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 1 ih day of J\pril, 2007, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
APPROVED:
City Clerk
Mayor, City of Cupertino
7:c-(
Resolution No. 07-062
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Joseph Jen-Kun Yen, a married man as his sole and separate property
LOCATION: 21872 Hermosa Avenue, APN 357-16-051
A.
Faithful Performance Bond:
$ 30,000.00
THIRTY THOUSAND AND 001100 DOLLARS
B.
Labor and Material Bond:
$ 30,000.00
THIRTY THOUSAND AND 001100 DOLLARS
C.
Checking and Inspection Fee:
$ 2,130.00
TWO THOUSAND ONE HUNDRED THIRTY AND 001100 DOLLARS
D.
Development Maintenance Deposit:
$ 1,000.00
ONE THOUSAND AND 001100 DOLLARS
E.
Storm Drainage Fee: Basin 2
$ 254.54
TWO HUNDRED FIFTY-FOUR AND 541100 DOLLARS
F.
Street Light - One-Year Power Cost:
N/A
G.
Map Checking Fee:
N/A
H.
Park Fee: ZONE II
N/A
1.
Reimbursement Fee:
N/A
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