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08 improvement agreement DRAFT RESOLUTION NO. 06-039 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING EXECUTION OF A RESOLUTION APPROVING AN IMPROVEMENT AGREEMENT WITH MU WAr LVI AND YUET-LIN Z. SO, rOl r I SANTA CLARA A VENUE, APN 326-24-025 WHEREAS, there has been presented to the City Council a proposed improvement agreement between the City of Cupertino and developer, Mu Wai Lui and Yuet-Lin Z. So, husband and wife, as community property with right of survivorship, for the installation of certain municipal improvements at lOll I Santa Clara Avenue and said agreement having been approved by the City Attorney; 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 27th day of February 2006, by the following vote: Vote Members ofthe City Council AYES: NOES: ABSENT: ABSTAIN : ATTEST: APPROVED: City Clerk Mayor, City of Cupertino ¡-I Resolution No. 06-039 Page 2 EXHIBIT "A" SCHEDULE OF BOND, FEES, AND DEPOSITS DEVELOPMENT: Mu Wai Lui and Yuet-Lin Z. So, husband and wife, as community property with right of survivorship LOCATION: lOll I Santa Clara Avenue APN 326-24-025 A. Faithful Performance Bond: $ 3,450.00 THREE THOUSAND FOUR HUNDRED FIFTY AND 00/100 DOLLARS B. Labor and Material Bond: $ 3,450.00 THREE THOUSAND FOUR HUNDRED FIFTY AND 00/100 DOLLARS C. Checking and Inspection Fees: $ 2,130.60 TWO THOUSAND ONE HUNDRED THIRTY AND 60/100 DOLLARS D. Development Maintenance Deposit ONE THOUSAND AND 00/100 DOLLARS $ 1,000.00 E. Storm Drainage Fee: ONE HUNDRED SIXTY-SIX AND 44/100 DOLLARS $ 166.44 F. One Year Power Cost: N/A G. Map Checking Fee: N/A H. Park Fee: N/A J~2