06. Impr. Agrmnt. 10585 San Leandro AveDRAFT
RESOLUTION NO'. OS-040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPER SIN CHON YONG AND YU
PING LIN, 10585 SAN LEANDRO AVENUE, APN 357-OS-07b
WHEREAS, there has been presented to the City Council a proposed improvement agreement
between the City of Cupertino and developer, Sin Chon Yong, a married man as his sole and
separate property as to an undivided fifty percent interest and Yu Ping Lin, a married man as his
sole and separate property as to an undivided fifty percent interest, ali as Tenants in Common,
10585 San Leandro Avenue, 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 1st day of Apri12008, by the following vote:
Vote Members of the C~ Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
City Clerk
APPROVED:
Mayor, City of Cupertino
6-1
Resolution No. 08-040
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: SIN CHON YONG AND YU PING LIN
LOCATION: 10585 SAN LEANDRO AVENUE, APN 357-OS-076
A. Faithful Performance Bond: $ 40,160.00
FORTY THOUSAND ONE HUNDRED SIXTY AND 00/100 DOLLARS
B. Labor and Material Bond: $ 40,160.00
FORTY THOUSAND ONE HUNDRED SIXTY AND 00/100 DOLLARS
C. Checking and Inspection Fee: $ 2,304.00
TWO THOUSAND THREE-HUNDRED FOUR AND 00/100 DOLLARS
D. Development Maintenance Deposit:
ONE THOUSAND AND 00/100 DOLLARS
$ 1,000.00
E. Storm Drainage Fee: Basin 2 $ 263.21
TWO HUNDRED SIXTY-THREE AND 21/100 DOLLARS
F. Street Light -One-Year Power Cost:
N/A
G. Map Checking Fee: N/A
H. Park Fee: ZONE II $15,750.00
FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
I. Reimbursement Fee
N/A
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