12/22/1982 - Laserfiche WebLink

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CITY COUNCIL TOWN OF LOS ALTOS HILLS 26379 Fremont Road Los Altos Hills, California MINUTES OF AN ADJOURNED REGULAR MEETING Wednesday, December 22, 1982 Cc.. Reel 140, Side I, Tract I, 000-200 Mayor Perkins called the Adjourned Regular Meeting of the City Council to order at 4:00 p.m. in the Council Chambers of the Town Hall. A. ROLL CALL: Present: Mayor Perkins and Councilmembers Allison, Hillestad, Proft and vanTamelen Absent: None Staff: Acting City Manager Marty Tarshes; Assistant City Attorney William Hughes; City Engineer/Planner John A. Carlson; Secretary Leslie Penfold Press Florence Pallakoff, Los Altos Town Crier; Mary Duenwald, Peninsula Times Tribune The City Council then adjourned to a Closed Session for Litigation at 4:00 p.m. and reconvened at 4:40 p.m. B. MATTERS RELATED TO MATADERO CREEK SUBDIVISION: Mr. Tarshes indicated to the City Council the 4 lots previously sold (9, 10, 12 and 17)the owners have requested a change in finanical arrangements, noting these lots were bought under the bidding conditions. The owners propose to pay the balance in cash at this time,provided a ten percent discount from the amount of purchase price is approved by the City Council. The request is in the best interest of the Town, Mr. Tarshes indicated, and seems to be acceptable. MOTION SECONDED AND CARRIED: Moved by Allison, seconded by vanTamelen and passed unanimously that the City Council place a policy that any of these people who have notes with Matadero Creek Subdivision (Lots 9, 10, 12 and 17) as a condition of reconveyance to be required to accept the Covenants, Conditions and Restrictions as amended. MOTION SECONDED AND CARRIED: Moved by Allison, seconded by Proft and passed unanimously that Resolution 41511 be accepted approving a discount and accepting tender of cash payment for the adjusted balance of the purchase price of Lot #9, Tract 4 #7167, Matadero Creek Subdivision and authorizing execution r and delivery of a reconveyance thereof.