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111 <br /> RESOLUTION NO. 1540 <br /> A RESOLUTION ACCEPTING PROPOSAL AND ORDERING SALE OF <br /> REAL PROPERTY, DIRECTING PAYMENT OF REAL ESTATE COMMISSION, <br /> AUTHORIZING EXECUTION AND DELIVERY OF DEED, AND ACCEPTING <br /> COVENANT AND AUTHORIZING RECORDATION THEREOF CONCERNING LOT <br /> 3 , TRACT NO. 7187 , MATADERO CREEK SUBDIVISION, AND REPEALING <br /> RESOLUTION NO. 1539 <br /> RESOLVED, by the City Council of the City of the Town of Los <br /> Altos Hills, County of Santa Clara, State of California, that <br /> WHEREAS, the City of the Town of Los Altos Hills (herein called <br /> "CITY") is the owner of certain real property described as Matadero <br /> Creek Subdivision, namely: <br /> TRACT NO. 7187 , being a portion of Lots 1 and 2 of <br /> that part of the Rancho Purissima Concepcion, parti- <br /> tioned for Juana Briones, W. Matthews, R. F. Budges <br /> and T. B. Bishop, recorded in Book "A" of Maps, at <br /> Page 21 , Santa Clara County Records, <br /> and consisting of Lots 1 to 20 , inclusive; and <br /> WHEREAS, Richard K. Ellinger and Linda C. Ellinger have submitted <br /> a revised proposal to purchase Lot 3 and to pay the amount of <br /> $225 ,000. 00 therefor subject to the terms and conditions contained in <br /> that certain "Real Estate Purchase Contract and Receipt for Deposit" <br /> dated March 23 , 1983 , Addendum dated March 22 , 1983 , and as amended <br /> by Addendum to Purchase Agreement dated April 3, 1983, and approved on <br /> April 6 , 1983, <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 3 to Richard K. Ellinger and Linda C. <br /> Ellinger for the purchase price stated in the Addendum to Purchase <br /> Agreement dated April 3, 1983 . <br />