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411 411 <br /> RESOLUTION NO. 1513 <br /> A RESOLUTION APPROVING A DISCOUNT AND ACCEPTING TENDER- <br /> OF CASH .PAYMENT FOR THE ADJUSTED BALANCE OF THE PURCHASE ' <br /> PRICE OF LOT 17, TRACT NO. 7187 , MATADERO. CREEK .SUBDIVISION, <br /> AND AUTHORIZING EXECUTION AND, DELIVERY OF A RECONVEYANCE :THEREOF <br /> RESOLVED, by the City Council ofthe- 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 /> the "Town") 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 that <br /> part of the Rancho Purissima Concepcion partitioned for . <br /> Juana Briones , W. Matthews, R. F. Budges and T. B. Bishop, <br /> recorded in Book 'A' of Maps, at Page 21, Santa Clara . <br /> County -Records , <br /> and consisting of Lots 1 to 20, inclusive (herein called the "Property") ; <br /> and <br /> WHEREAS, Town purchased and subdivided the Property in order to <br /> devote a portion thereof to open space and recreationaluses forwhich <br /> the City Council heretofore determined it to be well suited by reason <br /> of its location and natural setting, and to fund theacquisition of <br /> the portion of the Property to be dedicated to open space and recrea- <br /> tional uses by the controlled development and sale of the lots within <br /> Tract No. 7187 for single family residential use; and <br /> WHEREAS, the Town proceeded with the sale oflots within the Sub- <br /> division in order to raise sufficient funds with which to pay the <br /> unpaid balance of the purchase price of the Property, together with <br /> accrued interest, to the Palo Alto Unified School District on or before <br /> December 31, 1982, which is the due date; and. <br />