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CITY COUNCIL <br />TOWN OF IDS ALTOS HILLS <br />26379 Fremont Road <br />Los Altos fulls, California <br />1 I lY� � ' \ ' Y • ILII lil 1 <br />Wednesday, June 9, 1982 <br />co: Reel 135, Tr. II, Side II, 001-723 <br />Mayor Perkins called the Adjourned Regular Meeting Of the City Council to order at <br />3:30 p.m. in the Council Chambers of Town Hall. <br />A. ROLL CALL AND PLEDGE OF ALLEGIANCE: <br />Present: Mayor Perkins and CouncihTenbars Allison, Hillestad, Proft and van Tamelen <br />Absent: None <br />Staff: City Manager Robert Crowe, Acting City Manager Marty Tarshes, Assistant <br />City Attorney William Hughes and Deputy City Clerk Pat Dowd <br />Press: Ed Herring, San Jose Mercury and John Raess, Peninsula Times Tribune <br />B. SPECIAL ORDERS: <br />1. Discussion of innovative approaches to the terms and conditions of the <br />Matadero Creek Subdivision as set forth in Resolution #1428 declaring <br />the intention of the City of the Town of Los Altos Hills to sell parcels <br />of real property and calling for sealed bids. <br />Council discussed the possibility of allowing a 38 commission fee for licensed <br />real estate brokers. They included in their discussion the advantages, disad- <br />vantages and tine -frames involved in so changing the terms and conditions of <br />sale. Perkins stated that the purpose of including brokers was to promote sales <br />of the lots and there should be an incentive for them to do this. It was <br />noted that brokers would be able to provide such services as customer relations, <br />showing of lots, multiple listings and in general have entree to potential <br />clients that the Town did not have. <br />Allison suggested the offering of a three -percent commission to licensed realtors <br />as a short-term effort to increase sales for the July 7th bid opening. After the <br />July 7th date, he agreed with van Tamelen's suggestion of placing all sales with <br />a brokerage agency and possibly raising the prices to cover the cost of these <br />professional services. Van Tamelen further suggested sharing the advertising <br />costs with said brokerage agency. Proft asked if the Town could legally increase <br />the muruinnan bids on the lots and the Assistant City Attorney responded that the <br />Town could raise the prices but could not go below fair market value. Hillestad <br />suggested sending a letter to all the local realtors stating the proposed changes <br />and she further cemented that whether a principal broker or open to all brokers <br />she was confident the lots would be professionally handled. <br />