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CITY COUNCIL MINUTES - March 2, 1983 <br />1. Matadero Creek Subdivision - Offers on Lots and Related Matters (continued) <br />,ter a) Lot #1 (continued) <br />t✓i71'ION SECONDED AND CARRIED: Moved by Allison, seconded by Hillestad and passed <br />unanimously by all members present to give the prospective purchasers of lot #1 <br />48 hours to modify offers. <br />b) Lot #8 <br />Jackye Wolfe, Fox & Carskadon, reported that she had received an offer on lot #8 <br />of $216,000 (all cash offer) with no contingencies and a close of escrow of 3/16/83. <br />M3TION SECONDED AIM CARRIED: Moved by Proft, seconded by Hillestad and passed <br />unanimously by all members present to adopt Resolution #1529 accepting proposal <br />and ordering sale of real property, directing payment of real estate wnnission, <br />authorizing execution and delivery of deed, and accepting deed of trust and <br />authorizing recordation thereof concerning Lot #8, Tract No. 7187, Mata ero Creek <br />Subdivision. <br />C) Lot #7 <br />Jackye Wolfe, Fox & Carskadon, reported that she had received two offers on lot <br />7. The first offer was an all cash offer of $180,000 with a close of escrow in <br />60 days. A discussion followed of the contingencies of this offer as stated in <br />the addendum to purchase agreement dated 2/26/83. The second offer for lot #7 <br />was an all cash offer of $180,500 with no contingencies and a close of escrow to <br />be decided by Council. <br />MOTION SECONDED AMID WITBDRAWN: Moved by Allison, seconded by Proft and withdrawn <br />to present a counter-offer to the potential purchaser of lot #7 (second offer) <br />of a closing date of March 15, 1983. <br />Council discussed the situation of having multiple offers on the same lot and <br />again noted that both potential purchasers of lot #7 were not present at the <br />meeting. It was agreed to follow the same procedure as earlier in the meeting <br />regarding lot #1, i.e. to alloy the prospective purchasers an additional 48 hours <br />to resuhmi.t their offers. <br />MOTION SECONDED AMID CARRIED: Moved by Allison, seconded by Proft and passed unani- <br />mously by all members present to give the prospective purchasers of lot #7 48 <br />hours to modify their offers. <br />d) Lot #5 <br />MOTION SECONDED AND CARRIED: Moved by Allison, seconded by Proft and passed unani- <br />mously by all members present to grant a three-day extension to the buyers of lot <br />#5 for the increase of deposit. <br />MOTION SECONDED AND CARRIED: Moved by Allison, seconded by van Tamelen area passed <br />unanimously by all members present to accept the buyer's request (lot #5) for <br />a partial discount of 2.25% for an additional $50,000 payment by 12/31/83. <br />-2- <br />