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12/4/2015 2:05:12 PM
Creation date
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Resolutions
Number
1524
Date
1983-02-02
Description
Accepting Proposal and Ordering Sale of Real Property, Directing Payment of Real Estate Commission, Authorizing Execution and Delivery of Deed, and Accepting Deed of Trust and Authorizing Recordation Thereof Concerning Lot 5, Tract No. 7187, Matadero Creek Subdivision
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411 <br /> • <br /> 2. The City Council further orders that the land title company <br /> with whom an escrow concerning the sale of Lot 5 is opened shall be <br /> instructed to pay out of the funds of James G. Barrow and Leslie L. <br /> Barrow deposited in escrow a estate commission in an amount equal <br /> to six (6) percent of the selling price in accordance with the Agree- <br /> ment dated September 1, 1982, between the City of the Town of Los Altos <br /> Hills and Fox & Carskadon, Inc. , a corporation. <br /> 3. The City of the Town of Los Altos Hills shall enter into and <br /> the Mayor and City Clerk thereof be, and they and each of them hereby <br /> is authorized and directed on behalf of said City, respectively, to <br /> execute and attest a Deed wherein Lot 5 is conveyed to James G. Barrow <br /> and Leslie L. Barrow, and to deliver the Deed in accordance with the <br /> terms and provisions of the proposal. <br /> 4 . The Note for the unpaid balance of the purchase price of Lot <br /> 5 executed by James G. Barrow and Leslie L. Barrow, together with the <br /> Deed of Trust in which the above-named buyers are named as Trustor <br /> and the City is named as Beneficiary, be and each of them is hereby, <br /> accepted, and the City Clerk of the City be, and she hereby is directed <br /> and ordered to cause said Deed of Trust to be recorded in the Office <br /> of the Recorder of the County of Santa .Clara, State of California. <br /> REGULARLY passed and adopted this 2nd day of February, 1983 . <br /> ATTEST: - By . � <br /> Mayor <br /> <br /> City Clerk <br /> -2- <br />
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