09b. Nguyen agreement
DRAFT
RESOLUTION NO. 07-063
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY
AND DEVELOPER TIEP D. NGUYEN AND MYHA P. NGUYEN, TRUSTEES OF THE
NGUYEN 2001 FAMILY TRUST, DATED DECEMBER 20,2001,
22850 SAN JUAN ROAD, APN 342-18-044
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Tiep D. Nguyen and Myha P. Nguyen,
Trustees of the Nguyen 2001 Family Trust, dated December 20, 2001, for the installation of
certain municipal improvements at 22850 San Juan 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 1 ih day of April, 2007, by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
APPROVED:
City Clerk
Mayor, City of Cupertino
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Resolution No. 07-063
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Tiep D. Nguyen and Myha P. Nguyen, Trustees of the Nguyen 2001
Family Trust, dated December 20,2001
LOCATION: 22850 San Juan Road
A.
Faithful Performance Bond:
$ 67,928.00
SIXTY-SEVEN THOUSAND NINE HUNDRED TWENTY-EIGHT AND 00/100 DOLLARS
B.
Labor and Material Bond:
$ 67,928.00
SIXTY-SEVEN THOUSAND NINE HUNDRED TWENTY-EIGHT AND 00/100 DOLLARS
c.
Checking and Inspection Fee:
$ 3,396.40
THREE THOUSAND THREE HUNDRED NINETY-SIX AND 40/100 DOLLARS
D.
Development Maintenance Deposit:
$ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
E.
Storm Drainage Fee: Basin 2
$ 1,064.72
ONE THOUSAND SIXTY-FOUR AND 72/100 DOLLARS
F.
Street Light - One-Year Power Cost:
N/A
G.
Map Checking Fee:
PAID
H.
Park Fee: ZONE II
$ 15,570.00
FIFTEEN THOUSAND FIVE HUNDRED SEVENTY AND 00/1 00 DOLLARS
1.
Reimbursement Fee:
N/A
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