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09 Improvement Agreement DRAFT RESOLUTION NO. 06-032 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE CITY AND DEVELOPER, VICTOR MICHAEL MANDELLA AND MARYJANE MANDELLA, TRUSTEE OF THE MANDELLA FAMILY TRUST, 20128 STEVENS CREEK BOULEVARD, APN 369-03-001 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and Developer, Victor Michael Mandella and Maryjane Mandella, Trustee of the Mandella Family Trust for the installation of certain municipal improvements at 20128 Stevens Creek Boulevard 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 7th day of February, 2006, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: City Clerk Mayor, City of Cupertino ~ -<I Resolution No. 06-032 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Victor Michael Mandella and Maryjane Mandella, Trustee of the Mandella Family Trust LOCATION: 20128 Stevens Creek Boulevard APN 369-03-001 A. Faithful Performance Bond: $ 109,106.00 ONE HUNDRED NINE THOUSAND ONE HUNDRED SIX AND 00/100 DOLLARS B. Labor and Material Bond: $ 109,106.00 ONE HUNDRED NINE THOUSAND ONE HUNDRED SIX AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 5455.30 FIVE THOUSAND FOUR HUNDRED FIFTY-FIVE AND 30/100 DOLLARS D. Development Maintenance Deposit PAID E. Storm Drainage Fee: PAID F. Street Light - One-Year Power Cost: N/A G. Map Checking Fee: PAID H. Park Fee: PAID 1-;Z