CC Resolution No. 04-335
RESOLUTION NO, 04-335
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DEVELOPERS, RICHARD SHWE AND ALMA M. SHWE,
HUSBAND AND WIFE AS COMMUNITY PROPERTY,
21840 HERMOSA AVENUE, APN 357-16-054
WHEREAS, there has been presented to the City Council a proposed improvement
agreement between the City of Cupertino and developer, Richard Shwe and Alma M, Shwe,
Husband and Wife As Community Property, for the installation of certain municipal
improvements at 21840 Hennosa 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 17th day of June 2004, by the following vote:
Vote
Members Qfthe Q!y Council
AYES:
NOES:
ABSENT:
ABSTAIN:
James, Kwok, Lowenthal, Sandoval, Wang
None
None
None
ATTEST: <;.
C~~~~ ~
APPROVED:
Resolution No. 04-335
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT:
Richard Shwe and Alma M. Shwe
LOCATION:
21840 Hermosa Avenue
APN 357-16-054
A. Faithful Performance Bond: $ 15,314.00
FIFTEEN THOUSAND THREE HUNDRED FOURTEEN AND 00/100 DOLLARS
B, Labor and Material Bond: $ 15,314.00
FIFTEEN THOUSAND THREE HUNDRED FOURTEEN AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 2,385.00
TWO THOUSAND THREE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS
D, Development Maintenance Deposit
ONE THOUSAND AND 001100 DOLLARS
$ 1,000,00
E. Storm Drainage Fee:
TWO HUNDRED SIXTY-NINE AND 37/100 DOLLARS
$
269.37
F.
One Year Power Cost:
N/A
G.
Street Trees:
By Developer
H,
Map Checking Fee:
N/A
I.
Park Fee:
N/A
J.
Water Main Reimbursement:
N/A
K.
Maps andlor Improvement Plans:
As specified in
Item #21 of agreement