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CC Resolution No. 03-012- RESOLUTION NO. 03-012 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS, JIA HUO YU AND SHIRLEY K. NG, HUSBAND AND WIFE AS JOINT TENANTS, 10663 SANTA LUCIA ROAD, APN 342-17-008 · WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Jla Huo Yu and Shirley K. Ng, Husband and Wife As Joint Tenants, for the installation of certain municipal improvements at 10663 Santa Lucia 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 21st day of January 2003, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: Chang, James, Lowenthal, Kwok, Sandoval None None None ATTEST: City Clerk ~OVE : r,/~City of Cupertino Resolution No. 03-012 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Jia Huo Yu and Shirley K. Ng, Husband and Wife As Joint Tenants LOCATION: 10663 Santa Lucia Road, APN 342-17-008 A. Faithful Performance Bond: Off-site: EIGHT THOUSAND THREE HUNDRED AND 00/100 DOLLARS B. Labor and Material Bond: EIGHT THOUSAND THREE HUNDRED AND 00/100 DOLLARS C. Checking and Inspection Fees: TWO THOUSAND THREE HUNDRED AND 00/100 DOLLARS D. Development Maintenance Deposit ONE THOUSAND AND 00/100 DOLLARS E. Storm Drainage Fee: $ 290.22 TWO HUNDRED NINETY AND 22/100 DOLLARS G. H. I. J. K. One Year Power Cost: Street Trees: Map Checking Fee: Park Fee: Water Main Reimbursement: Maps and/or Improvement Plans: $ 8,300.00 $ 8,300.00 $ 2,300.00 $1,000.00 N/A By Developer N/A N/A N/A As specified in Item #21 of agreement