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09. Improvement Agreement DRAFT RESOLUTION NO. 06-020 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF AN IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER, SHENG J. YONG AND JENNY J. LIANG, HUSBAND AND WIFE AS COMMUNITY PROPERTY WITH RIGHTS OF SURVIVORSHIP, 10078 SANTA CLARA AVENUE, APN 326-25-044 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Sheng J. Yong and Jenny J. Liang, husband and wife as community property with rights of suryivorship for the installation of certain municipal improvements at 10078 Santa Clara 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 January, 2006, by the following vote: Vote Members of the Citv Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: City Clerk Mayor, City of Cupertino q~1 Resolution No. 06-020 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Sheng J. Yong and Jenny J. Liang, husband and wife as community property with rights of suryivorship LOCATION: 10078 Santa Clara Avenue APN 326-25-044 A. Faithful Performance Bond: $ 6,543.00 SIX THOUSAND FIVE HUNDRED FORTY-THREE AND 00/100 DOLLARS B. Labor and Material Bond: $ 6,543.00 SIX THOUSAND FIVE HUNDRED FORTY-THREE AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 1,670.00 ONE THOUSAND SIX HUNDRED SEVENTY AND 00/100 DOLLARS D. Development Maintenance Deposit ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 E. Storm Drainage Fee: TWO HUNDRED SEVEN AND 72/100 DOLLARS $ 207.72 F. One Year Power Cost: N/A G. Map Checking Fee: N/A H. Park Fee: N/A 1-;;(