CC Resolution No. 08-059 Imp. Agrmnt. 10121 Pasadena AveRESOLUTION NO. 08-059
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN
THE CITY AND DEVELOPER LILY CHANG, INC., A CALIFORNIA
CORPORATION, 10121 PASADENA AVENUE, APN 357-17-045
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Lily Chang, Inc., A California
Corporation, 10121 Pasadena Avenue, APN 357-17-045, 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 6th day of May 2008, by the following vote:
Vote Members of the City Council
AYES: Sandoval, Santoro, Wang, Wong
NOES: None
ABSENT: Mahoney
ABSTAIN: None
ATTEST:
City Clerk
APPROVED:
Mayor, City of Cupertino
Resolution No. 08-059
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: LILY CHANG, INC., A CALIFORNIA CORPORATION
LOCATION: 10121 PASADENA AVENUE, APN 357-17-045
A. Faithful Performance Bond: $ 18,567.79
EIGHTEEN THOUSAND FIVE HUNDRED SIXTY-SEVEN AND 79/100 DOLLARS
B. Labor and Material Bond: $ 18,567.79
EIGHTEEN THOUSAND FIVE HUNDRED SIXTY-SEVEN AND 79/100 DOLLARS
C. Checking and Inspection Fee: $ 2,163.00
TWO THOUSAND ONE-HUNDRED SIXTY-THREE AND 00/100 DOLLARS
D. Development Maintenance Deposit:
TWO THOUSAND AND 00/100 DOLLARS
$ 2,000.00
E. Storm Drainage Fee: Basin 2 $ 288.74
TWO HUNDRED EIGHTY-EIGHT AND 74/100 DOLLARS
F. Street Light -One-Year Power Cost:
N/A
G. Map Checking Fee: $ 2515.00
TWO THOUSAND FIVE-HUNDRED FIFTEEN AND 00/100 DOLLARS
H. Park Fee: ZONE II $15,750.00
FIFTEEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 DOLLARS
I. Reimbursement Fee N/A