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• 410 <br /> proposal requires VIJAY KAPOOR and PAMELA KAPOOR to pay the amount of <br /> $209 ,700. 00 therefor subject to the City Council approving the proposed <br /> financing of payment of the unpaid balance of the purchase price prior <br /> to the close of escrow, and subject to the terms and conditions con- <br /> tained in that certain "Real Estate Purchase Contract and Receipt for <br /> Deposit" dated February 1, 1983, as modified by the counter offer and <br /> response to counter offer accepted on February 9 , 1983, and as further <br /> modified by Addendum to Purchase Agreement dated April 11, 1983 , and <br /> the counter offer submitted on April 14, 1983 and accepted on April <br /> 20 , 1983 , respectively; and <br /> WHEREAS, the counter proposal described in the preceeding paragraph <br /> also requires that the escrow for the sale of Lot 11 close no later than <br /> May 18 , 1983, and that VIJAY KAPOOR and PAMELA KAPOOR shall pay interest <br /> at the rate of fourteen (14) percent per annum from and after April 18 , <br /> 1983, on the total sales price of $209,700. 00 until the close of escrow, <br /> NOW, THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows: <br /> 1. The City Council hereby accepts the proposal described above <br /> and orders the sale of Lot 11 to VIJAY KAPOOR and PAMELA KAPOOR for the <br /> purchase price stated in the Counter Offer dated April 14 , 1983 . <br /> 2. The City Council further ordersthat the land title company <br /> with whom an escrow concerning the sale of Lot 11 is opened shall be <br /> instructed to pay out of the funds of VIJAY KAPOOR and PAMELA KAPOOR <br /> deposited in escrow a real estate commission in an amount equal to <br /> six (6) percent of the selling price in accordance with the Agreement <br /> dated September 1, 1982 , between the City of the Town of Los Altos Hills <br /> and Fox & Carskadon, Inc. , a corporation. <br /> -2- <br />