04-095 Jae-Hak and Hye-Ryeong Kim (DRAFT Reso only) - See Agreement 04-106 NO
AGREEMENT
IN
FILE
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DR,aFr
RESOLUTIO]v N0.04-395
A RESOLUTION OF THE CITY COUPICIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT
BETWEEN THE CITY AND DE`'ELOPERS, JAE-HAK KO AND
HYE-RYEONG KIM, HUSBAND AND WIFE AS JOINT
TENANTS, 10040 CARMEI~1 ROAD, APN 326-50-055
WHEREAS, there has been presented ~:o the City Council a proposed improvement
agreement between the City of Cupertino and developers, Jae-Hak Ko and Hye-Ryeong Kim,
Husband and Wife As Joint Tenants, for the in:;tallation of certain municipal improvements at
10040 Carmen Road 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 7"' day of September 2004, by the i:ollowing vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
City Clerk
APPROVED:
Mayor, City of Cupertino
~~6-1
Resolution No. 04-395
Page 2
EXHIBIT "A"
SCHEDULE OF BOND, FEES, AND DEPOSITS
DEVELOPMENT: Jae-Hak Ko and Hye-Ryeong Kim
LOCATION: 10040 Carmen Road
APN 326-50-055
A. Faithful Performance Bond: $ 3,718.00
THREE THOUSAND SEVEN HUNDRED EIGHTEEN ANll 00/100 DOLLARS
B. Labor and Material Bond: $ 3,718.00
THREE THOUSAND SEVEN HUNDRED EIGHTEEN AND 00/100 DOLLARS
C. Checking and Inspection Fees: $ 2,385.00
TWO THOUSAND THREE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS
D. Development Maintenance Deposit $ 1,000.00
ONE THOUSAND AND 00/100 DOLLARS
E. Storm Drainage Fee: $ 340.56
THREE HUNDRED FORTY AND 56/100 DOLLARS
F. One Year Power Cost: N/A
G. Street Trees: By Developer
H. Map Checking Fee: N/A
I. Park Fee: N/A
J. Water Main Reimbursement:
K. Maps and/or Improvement Plans:
N/A
As specified in
Item #21 of agreement
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