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• <br /> ! • <br /> 1. A ten percent discount in the amount of the principal purchase <br /> price set forth above is approved in consideration of the cash payment <br /> • now tendered. . <br /> 2. The amount of the discount is determined to be the sum of • <br /> $30,770. 00. <br /> 3. The . amount of the unpaid principal balance of the purchase <br /> price is determined to be the sum of $230 ,775.00 , plus accrued . interest. <br /> 4. The tender by the above-named purchasers of the sum of <br /> $200,005.00 in .payment of the remaining principal balance of tile pur- <br /> chase price :for the above-numbered Lot hereby is accepted. <br /> 5. Upon receipt of the sum of $200;605.00, and accrued interest, • <br /> the Town: ' (a) Shall- enter into and the Mayor, and Acting City Clerk <br /> there be, .and they and each of them hereby is authorized and directed <br /> on behalf of the Town, respectively, to execute and attest all neces- <br /> sary-.documents to obtain ,reconveyance of title to the above-numbered <br /> .Lot to the persons entitled thereto; and (b) Shall deliver the Note <br /> and Deed of Trust 'to . the parties entitled thereto. " <br /> - REGULARLY passed and adopted this 22nd day of December , 1982. <br /> • <br /> • By <br /> Mayor <br /> 'ATTESTI <br /> • <br /> • <br /> • <br /> c ing City lerk <br />