CC Resolution No. 07-184
RESOLUTION NO. 07-184
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF A REVISED IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER ZHIHONG LIU, A MARRIED MAN AS HIS SOLE
AND SEPARATE PROPERTY, 10651 MERRIMAN ROAD, APN 342-16-031
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Zhihong Liu, a Married Man as His
Sole and Separate Property, for the installation of certain municipal improvements at Merriman
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 5th day of November 2007, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Wang, Sandoval, Lowenthal, Mahoney
None
None
None
ATTEST:
~~
City Clerk
APPROVED:
(
Resolution No. 07-184
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPER:
ZHIHONG LIU, A MARRIED MAN AS HIS SOLE AND SEPARATE
PROPERTY
LOCATION:
10651 MERRIMAN ROAD, APN 342-16-031
A.
Faithful Performance Bond:
$21,430.42
TWENTY-ONE THOUSAND FOUR HUNDRED THIRTY AND 42/100 DOLLARS
B.
Labor and Material Bond:
$2l,430.42
TWENTY-ONE THOUSAND FOUR HUNDRED THIRTY AND 42/100 DOLLARS
C.
Checking and Inspection Fee:
$ 2,304.00
TWO THOUSAND THREE HUNDRED FOUR AND 00/100 DOLLARS
D.
Development Maintenance Deposit:
$ 1,000.00
ONE THOUSAND AND 00/1 00 DOLLARS
E.
Storm Drainage Fee: Basin 2
$ 314.74
THREE HUNDRED FOURTEEN AND 74/100 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