CC Resolution No. 99-335RESOLUTION NO. 99-335
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS BEN SHYY AND MONICA H. SUN,
19028 STEVENS CREEK BOULEVARD, APN 375=11-071
WHEREAS, there has been presented tO the City Council a proposed improvement
agreement between the City of Cupertino and developers, Ben Shyy and Monica H. Sun, for the
installation of certain municipal improvements at 19028 Stevens Creek Boulevard 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 15~ day of November, 1999, by the following vote:
Vote
Members of the City Council
AYES: Burnett, Chang, Dean, James, Statton
NOES: None
ABSENT: None
ABSTAIN: None
ATTw
City Clerk
Mayor, City JCupertino
Resolution No. 99-335
Page 2
DEVELOPMENT:
LOCATION:
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
Retail Building & Three Residential Units
Ben Shyy and Monica H. Sun
19028 Stevens Creek Boulevard
A. Faithful Performance Bond:
NINETY-EIGHT THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond:
NINETY-EIGHT THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees:
Off-site: $ 98,000.00
On-site: $ 60,000.00
$ 98,000.00
$ 5,880.00
FIVE THOUSAND EIGHT I-IUNDKED EIGHTY AND 00/100 DOLLARS
D. Indirect City Expenses:
E. Development Maintenance Deposit:
THREE THOUSAND AND 00/100 DOLLARS
F. Storm Drainage Fee: Basin #3
ONE THOUSAND FORTY-TWO AND 00/100 DOLLARS
G. One Year Power Cost:
TWO HUNDRED TWENTY FIVE AND 00/100 DOLLARS
H. Street Trees:
I. Map Checking Fee:
J. Park Fee:
TWENTY-SEVEN THOUSAND AND 00/100 DOLLARS
K. Water Main Reimbursement:
L. Maps and/or Improvement Plans:
N/A
$ 3,000.00
$ 1,042.00
$ 225.00
By Developer
N/A
$27,000.00
N/A
As specified in
Item #23 of agreement