CC Resolution No. 03-173RESOLUTION NO. 03-173
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZiNG EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, ROGER LOW AND JING-LING LOW,
HUSBAND AND WIFE, AS JOINT TENANTS TO AN UNDIVIDED 1/3 INTEREST, AND
SHERMAN TUAN AND YUN ZHENG, HUSBAND AND WIFE, AS JOINT TENANTS TO
AN UNDIVIDED 1/3 INTEREST, AND SHENG HWA HO AND WEI-TAI-FEN HO,
HUSBAND AND WIFE, AS JOINT TENANTS TO AN UNDW1DED 1/3 INTEREST, AS
TENANTS IN COMMON, 22291 JANICE AVENUE, APNS 357-01-017, -018
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developers, Roger Low and Jing-Ling Low,
husband and wife, as Joint Tenants to an undivided 1/3 interest, and Sherman Tuan and Yun
Zheng, husbaud and wife, as Joint Tenants to an undivided 1/3 interest, and Sheng Hwa Ho and
Wei-Tai-Fen Ho, husband and wife, as Joint Tenants to an undivided 1/3 interest, as tenants in
common, for the installation of certain municipal improvements at 22291 Janice 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 15th day of September, 2003, by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Chang, James, Kwok, Sandoval, Lowenthal
None
None
None
ATTEST:
City Clerk
Resolution No.03-173
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
LOCATION:
Roger Low and Jing-Ling Low, husband and wife, as Joint Tenants
to an undivided 1/3 interest, and Sherman Tuan and Yun Zheng,
husband and wife, as Joint Tenants to an undivided 1/3 interest,
and Sheng Hwa Ho and Wei-Tai-Fen Ho, husband and wife, as
Joint Tenants to an undivided 1/3 interest, as tenants in common
22291 Janice Avenue
APNs 357-01-017, -018
$ 95,000.00
A. Faithful Performance Bond:
NINETY-FIVE THOUSAND AND 00/100 DOLLARS
B. Labor and Material Bond:
NINETY-FIVE THOUSAND AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 4,290.00
FOUR THOUSAND TWO HUNDRED NiNETY AND 00/100 DOLLARS
D. Development Maintenance Deposit $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: $ 1,012.80
ONE THOUSAND TWELVE AND 80/100 DOLLARS
F. One Year Power Cost: $ 75.00
SEVENTY-FIVE AND 00/100 DOLLARS
G. Street Trees: By Developer
H. Map Checking Fee: N/A
I. Park Fee: $ 31,000.00
THIRTY-ONE THOUSAND AND 00/100 DOLLARS
J. Water Main Reimbursement:
K. Maps and/or Improvement Plans:
$ 95,000.00
N/A
As specified in
Item #21 of agreement