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CC Resolution No. 05-129 RESOLUTION NO. 05-129 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPERS, ANDREW KO AND YEON SOaK KO, HUSBAND AND WIFE, lOllO LEBANON DRIVE, APN 342-14-025 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developers, Andrew Ko and Yeon Sook Ko, Husband and Wife, for the installation of certain municipal improvements at 10110 Lebanon Drive 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 16th day of August 2005, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: Kwok, Lowenthal, Sandoval, Wang, James None None None ATTEST: . ~ Ci~ Resolution No.05-l29 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Andrew Ko and Yeon Sook Ko, Husband and Wife LOCATION: 10110 Lebanon Drive APN 357-11-005 A. Faithful Performance Bond: $ 9,636.00 NINE THOUSAND SIX HUNDRED THIRTY-SIX AND 00/100 DOLLARS B. Labor and Material Bond: $ 9,636.00 NINE THOUSAND SIX HUNDRED THIRTY-SIX AND 00/100 DOLLARS C. Checking and Inspection Fee: FOUR HUNDRED THIRTY AND 00/100 DOLLARS $ 430.00 D. Development Maintenance Deposit ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 E. Storm Drainage Fee: N/A F. One Year Power Cost: SEVENTY-FIVE AND 00/100 DOLLARS G. Street Trees: $ 75.00 By Developer H. Map Checking Fee: N/A 1. Park Fee: N/A J. Water Main Reimbursement: N/A