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• • <br /> RESOLUTION NO. 1516 <br /> A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY <br /> OF DEED, AND ACCEPTING DEED OF TRUST AND <br /> AUTHORIZING RECORDATION THEREOF CONCERNING LOT 1 , <br /> TRACT NO. 7187 , MATADERO CREEK SUBDIVISION <br /> RESOLVED, by the City Council of the City of the Town of Los Altos <br /> 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 <br /> 1 and 2 of that part of the Rancho Purissima <br /> Concepcion, partitioned for Juana Briones , <br /> W. Matthews , R. F. Budges and T. B . Bishop, <br /> recorded in Book "A" of Maps , at Page 21 , <br /> Santa Clara County Records , <br /> and consisting of Lots 1 to 20 , inclusive; and <br /> WHEREAS, Patricia Lynch and Emmett Lynch submitted a proposal <br /> to purchase Lot 1 and to pay the amount of $211,500 . 00 therefor subject <br /> to the terms and conditions contained in that certain "Real Estate <br /> Purchase Contract and Receipt for Deposit" , dated December 17 , 1982. <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 1 to Patricia Lynch and Emmett Lynch for <br /> the purchase price stated in the proposal. <br /> 2 . The City Council further orders that the land title company <br /> with whom an escrow concerning the sale of Lot 1 is opened shall be <br /> instructed to pay out of the funds of Patricia Lynch and Emmett Lynch <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 <br />