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1512
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1512
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Last modified
12/15/2015 2:33:26 PM
Creation date
12/4/2015 2:49:16 PM
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Resolutions
Number
1512
Date
1982-12-22
Description
Approving a Discount and Accepting Tender of Cash Payment for the Adjusted Balance of the Purchase Price of Lot 12, Tract No. 7187, Matadero Creek Subdivision, and Authorizing Execution and Delivery of a Reconveyance Thereof
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• <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 /> $27,600 . 00 . <br /> 3. The amount of the unpaid principal balance of the purchase <br /> price is determined to be the sum of $207,000. 00, plus accrued interest. <br /> 4. The tender by the above-named purchasers of the sum of $179,400.00 <br /> in payment of the remaining principal balance of the purchase price <br /> for the above-numbered Lot hereby is accepted. <br /> 5. Upon receipt of the sum of $179,400. 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 necessary <br /> documents to obtain reconveyance of title to the above-numbered Lot <br /> to the persons entitled thereto; and (b) Shall deliver the Note and <br /> Deed of Trust to the parties entitled thereto. <br /> REGULARLY passed and adopted this 22nd day of December , 1982. <br /> By <br /> Mayor <br /> ATTEST: <br /> / <br /> sting CityV <br /> rk <br /> -3- <br />
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