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CC Resolution No. 05-037 RESOLUTION NO. 05-037 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS MEHDI MOAZENI, A MARRIED MAN, AND MOHSEN AMINI-RAD, AN UNMARRIED MAN AS JOINT TENANTS 10580 SAN LEANDRO AVENUE, APN 357-05-045 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Mehdi Moazeni, a married man, and Mohsen Amini-Rad, an unmarried man as joint tenants, for the installation of certain municipal improvements at 10580 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 March, 2005, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: Kwok, Lowenthal, Sandoval, Wang, James None None None ATTEST: .~ C~ Resolution No. 05-037 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Mehdi Moazeni, a married man and Mohsen Amini-Rad, an unmarried man as joint tenants LOCATION: 10580 San Leandro Avenue A. Faithful Performance Bond: $ 14,652.00 FOURTEEN THOUSAND SIX HUNDRED AND FIFTY TWO AND 00/100 DOLLARS B. Labor and Material Bond: $ 14,652.00 FOURTEEN THOUSAND SIX HUNDRED AND FIFTY TWO AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 2,130.00 TWO THOUSAND ONE HUNDRED AND THIRTY AND 00/100 DOLLARS D. Development Maintenance Deposit: ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 E. Storm Drainage Fee: Basin 2 TWO HUNDRED NINETY THREE AND 86/100 DOLLARS $ 293.86 F. Street Light - One Year Power Cost: N/A G. Map Checking Fee: N/A H. Park Fee: N/A J. Water Main Reimbursement: N/A K. Maps and/or Improvement Plans: As specified in Item #21 of agreement